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| UBS agrees to pay $1.5 billion in settlement of Libor probe Los Angeles Times In the largest fine issued so far in a probe of interest-rate manipulation by major banks, UBS has agreed to pay a $1.5 billion to U.S. and European authorities. The Switzerland-based bank said it had reached settlements with the Department of Justice and the ... See all stories on this topic » | ||
| Navistar Falls After $2.77 Billion Fourth-Quarter Loss Bloomberg Navistar International Corp. (NAV), the truckmaker under pressure from shareholders including Carl Icahn to boost its performance, fell the most since August after a $2 billion tax expense led a quarterly loss of $2.77 billion. Navistar tumbled 8.2 percent to ... See all stories on this topic » | ||
| Apple, Google, Amazon, more buying Kodak patents for $525 million Los Angeles Times Bankrupt Eastman Kodak Co. said it will sell about 1,100 digital-imaging patents to a group that includes Apple Inc., Google Inc. and Facebook Inc., for about $525 million. The consortium of 12 companies, led by Intellectual Ventures and RPX Corp., also ... See all stories on this topic » | ||
| FedEx's Profit Drops 12% Wall Street Journal FedEx Corp. said Wednesday that the soft global economy dragged down its quarterly results as airfreight customers continued to opt for low-price shipping services. The company's profit also took a hit from Hurricane Sandy. "Persistent weakness in the ... See all stories on this topic » | ||
| General Mills 2nd-Quarter Net Up 22% on Acquisitions, Volume Wall Street Journal General Mills Inc. (GIS) posted its first quarter of positive sales volume in its U.S. retail business in two years, a turning point in its main business that came after consumers had more time to adjust to higher prices and lowering prices in some categories like ... See all stories on this topic » | ||
| US HOT STOCKS: General Motors, Knight Capital, Navistar Wall Street Journal U.S. stocks were trading slightly lower Wednesday, as the Dow Jones Industrial Average recently fell 14 points to 13336, the Standard & Poor's 500-stock index lost 2.4 points to 1444 and the Nasdaq Composite fell 3 points to 3051. Among the companies with ... See all stories on this topic » | ||
| Natural-Gas Futures Retreat Again on Milder Forecast Wall Street Journal After rallying the last two sessions, natural-gas futures retreated significantly Wednesday morning, falling more than 3%. Natural gas for January delivery sank 10.9 cents, or 3.2%, to recently trade at $3.309 a million British thermal units on the New York ... See all stories on this topic » | ||
| TEXT-Fitch affirms Alterra's IFS ratings after Markel announcement Reuters Wed Dec 19, 2012 11:07am EST. Dec 19 - Fitch Ratings has affirmed the 'A' Insurer Financial Strength (IFS) ratings of Alterra Capital Holdings Limited's (Alterra) insurance subsidiaries. The Rating Outlook is Stable. Additionally, Fitch has placed on Rating ... See all stories on this topic » | ||
| TEXT-Fitch:Jefferies core performance improves on fixed income activity Reuters Wed Dec 19, 2012 9:11am EST. Dec 19 - Jefferies Group Inc. (Jefferies) today reported higher core earnings (excluding extraordinary items) than the prior quarter and significantly better than the challenging fourth quarter of 2011 (4Q'11). Results were driven ... See all stories on this topic » | ||
| One Deutsche Bank employee released from custody in carbon probe Reuters FRANKFURT | Wed Dec 19, 2012 10:46am EST. FRANKFURT Dec 19 (Reuters) - One of four Deutsche Bank employees in custody following raids by public prosecutors last week in a carbon tax fraud probe at Germany's biggest lender has been released. See all stories on this topic » | ||
| MTA Votes to Raise Cost of Single Rides and Monthly Passes New York Times The Metropolitan Transportation Authority voted unanimously on Wednesday to raise the base fare on subways and buses by a quarter, to $2.50, and increase the cost of a 30-day MetroCard by $8, to $112. See all stories on this topic » | ||
| Oil Gains After API Reports Decline in Stockpiles Bloomberg Oil futures maintained their gains after the U.S. Energy Department said crude stockpiles slipped last week. Supplies dropped 964,000 barrels to 371.6 million in the week ended Dec. 14, the Energy Department said today. Inventories were forecast to ... See all stories on this topic » | ||
| Fitch says US may lose 'AAA' rating if nation goes over the 'fiscal cliff' Washington Post NEW YORK — FISCAL CLIFF: Fitch Ratings is cautioning the U.S. that it could lose its top-notch "AAA" rating if lawmakers can't agree on how to cut the deficit and avoid the broad government spending cuts and tax increases that go into effect next year if no ... See all stories on this topic » | ||
| Abrupt End for Martha Stewart CEO ABC News The CEO of Martha Stewart Living Omnimedia is stepping down after less than a year at the job. Lisa Gersh will resign after an unspecified transition period. The company said Wednesday that it is looking for a replacement. Gersh was hired in May 2011 as ... See all stories on this topic » | ||
| Euro gains broadly on firm German data; yen slumps Reuters By Gertrude Chavez-Dreyfuss. NEW YORK | Wed Dec 19, 2012 9:49am EST. NEW YORK (Reuters) - The euro surged to a 16-month high against the yen and an 8-1/2- month peak versus the dollar on Wednesday, bolstered by better-than-expected German ... See all stories on this topic » | ||
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| US plans to sell GM stake within 15 months Chicago Tribune The Treasury plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the stigma of being partly owned by the U.S. government. GM said Wednesday it will spend $5.5 billion to buy back 200 million shares of ... See all stories on this topic » | ||
| Cleanup Continues at La. Explosive Company ABC News Authorities say it could take up to three weeks to finish moving military propellant into storage at an explosives recycling company that caused the evacuation of a Louisiana town. The town of Doyline was evacuated earlier this month after authorities said they ... See all stories on this topic » | ||
| France unveils bank reforms Financial Times Banks will have to ringfence purely speculative trading activities, such as proprietary trading, by housing them in a subsidiary separately funded from the rest of the bank, according to the bill published on Wednesday. See all stories on this topic » | ||
| Icahn Has Another Go At Greenbrier (ARII, GBX, TRN, IEP, UNP) San Francisco Chronicle If Bravo ever needs to recast "Millionaire Matchmaker," their producers ought to consider giving Carl Icahn a call, as it seems like Icahn likes nothing more than to try to land opportunistic M&A deals. In his latest attempt, Icahn is proposing (via his listed ... See all stories on this topic » | ||
| Sandy stifled housing starts in November, though permits were up Los Angeles Times WASHINGTON -- New housing starts fell 3% in November from the previous month as Superstorm Sandy kept builders from breaking ground in the Northeast, the Commerce Department reported Wednesday. But the number of building permits issued, a sign ... See all stories on this topic » | ||
| Home building permits near four-and-half year high Reuters By Lucia Mutikani. WASHINGTON | Wed Dec 19, 2012 9:19am EST. WASHINGTON (Reuters) - Permits for future home construction touched their highest level in nearly 4-1/2 years in November, pointing to underlying strength in the housing market, even ... See all stories on this topic » | ||
| Sirius Names Interim CEO Fox Business Sirius XM Radio Inc named Jim Meyer as interim chief executive officer on Wednesday and said a search committee was considering the longtime executive as the full-time CEO. Meyer, currently president of sales and operations at the company, had ... See all stories on this topic » | ||
| Interest rates to stay low until unemployment drops to 6.5% nationally Bizjournals.com (blog) Interest rates should stay near historic lows until mid-2015, which is when the Federal Reserve thinks the national unemployment rate will drop to its target rate of 6.5 percent. USA Today is reporting that it has taken 14 months for the national unemployment ... See all stories on this topic » | ||
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| 2 Former Porsche Executives Charged With Market Manipulation New York Times BERLIN — Prosecutors in Stuttgart announced Wednesday that they had charged two former Porsche executives with market manipulation as part of the company's failed bid to takeover Volkswagen several years ago. See all stories on this topic » | ||
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| Facebook CEO Zuckerberg donates $500 million in stock to charity NBCNews.com Facebook CEO Mark Zuckerberg says he is donating nearly $500 million in company stock to charity in order to promote education and health initiatives. Advertise | AdChoices · Advertise | AdChoices. It's quite the Christmas gift. Facebook's CEO Mark ... See all stories on this topic » | ||
| PATH resumes service at Hoboken Station, promotes Marino Progressive Rail Roading Port Authority Trans-Hudson (PATH) rail service resumed today at the Hoboken Station in New Jersey, with trains operating to and from the 33rd Street station in Manhattan for the first time since Hurricane Sandy struck the East Coast last month. See all stories on this topic » |
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| Nobel Prize-Winning Scientist: Human Cloning ... - Business Insider By Nick Collins Parents who lose children in accidents may be able to clone "copies" to replace them within 50 years, a British scientist who won this year's Nobel prize for medicine has predicted. Sir John Gurdon, whose work cloning frogs in the 1950s and ... Business Insider | ||
| Step Inside The Underground Apocalypse ... - Business Insider By Geoffrey Ingersoll Regardless of the reason, the bomb shelter business is booming, and the cult following even has its own show on National Geographic called Doomsday Preppers. The photos here are a product of L.A.-based company Atlas Survival Shelters, ... Business Insider | ||
| Vala Afshar: Washington Can Benefit From Social Business ... By Vala Afshar To collaborate with the ethos of value exchange, we must embrace social collaboration. We live in a connected world, where businesses must be able to change and adapt in order to achieve sustainable growth. Washington should take a ... The Huffington Post Full Blog Feed | ||
| Apple's iPhone Miracle - Business Insider By Jay Yarow After a big moonshot, it's fallen back to earth. And now it's locked in this mid to low $500-range. Analysts who had been universally bullish are reconsidering their positions and cutting price targets. What's wrong? I think it comes down to the ... Clusterstock | ||
| Top 10 Sustainable Business Stories of 2012 - Andrew Winston ... By Andrew Winston The mega forces driving sustainability deep into business — such as climate change, resource constraints, and transparency — are getting stronger. We may not be keeping pace with these pressures, but leading companies continue to ... HBR.org | ||
| Bushmaster's Corporate Overlords Leaving the Gun Business ... By Adam Weinstein The big-money buyout firm behind Bushmaster and many other gunmakers is getting out of the firearms business—and thanks may be due to public-sector workers in one of America's bluest states. Chances are you didn't even know that ... Political Mojo | Mother Jones | ||
| ORACLE EARNINGS - Business Insider By Jay Yarow and Julie Bort "I believe that products like Exadata and the SPARC SuperCluster will not only continue to drive improved profitability in our hardware business, by the end of this fiscal year, they will also drive growth in our hardware business." ... Money Game | ||
| Instagram Rage - Business Insider By Steve Kovach The Internet is angry because a free service that millions of people use, Instagram, wants to make money. One way Instagram wants to make money is by (maybe, but probably not) selling your photos to third parties without your permission. Business Insider | ||
| Rare Whale Identified As Last Living Relative Of ... - Business Insider By Tia Ghose The pygmy whale, a mysterious cetacean that looks radically different from all living whales, is actually the last living member of a group thought to have gone extinct 2 million years ago. RSS Feed · Army Tech to Ease Soldiers' Burdens · The ... Business Insider | ||
| 3 Weeks With The iPad Mini - Business Insider By Dylan Love My decision to upgrade to the iPad Mini was pretty much made for me when I lost my iPad 2 in a mugging. I went with a 64 GB WiFi model, and it's been a more than capable replacement for my old purloined tablet. I find that I spend ... Business Insider | ||
| Buoyant business confidence rises again - The Local German business confidence continued to climb in December, a key institute's report indicated on Wednesday, amid growing faith that the eurozone will manage to beat its crippling debt crisis. The Local - Germany's news in English | ||
| Walt Mossberg Tells iPhone Owners To Use ... - Business Insider By Jay Yarow Jay Yarow is a Senior Editor at The Business Insider. Contact: e-mail: ... Join the discussion with Business Insider Login With Facebook Login ... Login with LinkedIn to see what your friends are reading on Business Insider. Login with LinkedIn ... Business Insider | ||
| OC Gun Shop Sees Increase In Business Since Conn. Tragedy ... By neilajamee People have been crowding gun stores across Orange County following the Conn. elementary school massacre. CBS Los Angeles |
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| New York, Oregon vie for Apple's business | TUAW - The Unofficial ... Business officials in Oregon and upstate New York are vying to bring \"Project Azalea\" to their own workers. Oregon Live suggests that Project Azalea is. www.tuaw.com/.../new-york-oregon-vie-for-apples-business/ | ||
| Dan Black: Defending Gen Y: Why Millennials Mean Business Gen Y has been deemed everything from narcissistic to entitled -- and I'm being polite. If you can break through the generational banter, you'll find Millennials ... www.huffingtonpost.com/.../defending-gen-y-why-mille_b_2... | ||
| Small Business Must-Reads—Wednesday, Dec. 19 - WSJ.com Jetsetting pointers: Business travel can be expensive, especially on a small- business budget, but here are tips to save you money. FloridaToday.com. Growing ... online.wsj.com/.../SB10001424127887323277504578189313... |
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