Dec 28, 2012

Google Alert - Business

News29 new results for Business
 
Analysis: For Senate leaders, a mission impossible from Obama
Reuters
By Richard Cowan. WASHINGTON | Sat Dec 29, 2012 1:02am EST. WASHINGTON (Reuters) - Following a Friday meeting with congressional leaders, an impatient and annoyed President Barack Obama said it was "mind boggling" that Congress has been ...
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Lockheed gets up to $4.9 billion in further F-35 funding
Fox Business
WASHINGTON – Lockheed Martin Corp on Friday was awarded up to $4.9 billion in additional funding for its F-35 Joint Strike Fighter program, the Pentagon announced on Friday, providing a significant end-of-year boost in orders for the largest U.S. defense ...
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Brazil Stocks Rose 7.4% in 2012 Amid Crises, Government Intervention
Wall Street Journal
SAO PAULO--Brazilian equities climbed 7.4% this year, underperforming global stock indexes as crises in Europe and the U.S. darkened investors' moods while increasing government intervention at home led many to dump the country's stocks.
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FDA Clears Anticlotting Drug by Bristol and Pfizer
New York Times
The Food and Drug Administration on Friday approved Eliquis, an anticlotting drug that has been highly anticipated by cardiologists and is expected to be a blockbuster for Bristol-Myers Squibb, which will make the drug, and Pfizer, which will help market it.
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MagicJack Shares Rise as Founder Steps Down
Wall Street Journal
MagicJack VocalTec Ltd. (CALL) named Director Gerald T. Vento to succeed founder Daniel Borislow as its chief executive in an effort to drive away short sellers, who make bets prices will fall and have seized on concerns about the company's long-term ...
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Toyota Wins Preliminary Approval of $1.1 Billion Recall Accord
Bloomberg
Toyota Motor Corp. (7203) and lawyers suing the company persuaded a judge to give preliminary approval to a $1.1 billion settlement of claims that recalls for unintended acceleration hurt the value of U.S. customers' vehicles. The terms of the settlement filed ...
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As Dairy Cliff Approaches, Consumers May See Milk and Cheese Prices Double
Forbes
$7 per gallon milk as prices set to double As the country prepares to go over the fiscal cliff, consumers are bracing for a different cliff — the "dairy cliff" — triggered by the expiration of the 2008 Farm Bill. Without an updated Farm Bill, price control measures ...
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Forbes
European Stocks Fall in Last Week of 2012 on U.S. Budget
Bloomberg
European stocks fell in the year's last full week of trading, snapping a five-week rally, as the deadline neared for a U.S. lawmakers to agree a deal to halt $600 billion of automatic tax increases and spending cuts. Bankia SA (BKIA) plunged 40 percent to a ...
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CANADA HOT STOCKS: Aeterna Zentaris, Poseidon Concepts
Wall Street Journal
Among the companies whose shares are making notable moves in Friday's session are Aeterna Zentaris Inc. (AEZS) and Poseidon Concepts Corp. (PSN.T). Aeterna (C$2.60, up 20%) said it has reached an agreement with the FDA on a Special Protocol ...
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Fiscal cliff slams consumers' expectations
MarketWatch
Consumers' near-term expectations for the U.S. economy plummeted in December, likely due to fiscal-cliff concerns, sending overall confidence levels lower, according to data released this week. The Conference Board said its gauge of consumers' ...
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Irreconcilable Differences: Raj And Gupta Remain At Odds Over Investment
Wall Street Journal (blog)
Months after his trial on insider-trading charges, the relationship between former Goldman Sachs Group director Rajat Gupta and onetime hedge-fund manager Raj Rajaratnam apparently remains icy. On Friday, Terence Lynam, a lawyer for Mr. Rajaratnam, ...
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Wall Street Journal (blog)
Pearson to Take Stake in Nook Unit
New York Times (blog)
Barnes & Noble moved to shore up its struggling Nook Media division Friday, agreeing to sell a 5 percent stake to Pearson, a British publishing and education company, for $89.5 million. In a sign of the headwinds the bookseller is facing, the company said in ...
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New York Times (blog)
Euro Ends 2-Year Slump on Draghi Backstop; Yen Loss Tops Majors
Bloomberg
The euro halted a two-year losing streak as European Central Bank President Mario Draghi's commitment to backstop the shared currency stymied a debt- contagion threat. In its 13th year, the 17-nation currency rebounded versus the greenback after sliding ...
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New Sign of Strong Housing Demand
Wall Street Journal
The number of contracts signed to buy previously owned homes in November rose to the highest level in more than two years on a seasonally adjusted basis, the latest sign of how housing demand has firmed up as mortgage rates tumble to new lows.
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Wall Street Journal
Argentina's YPF, Bridas to exploit shale
AFP
BUENOS AIRES — Argentina's state-owned energy giant YPF said Friday it has signed an agreement with Bridas to exploit oil shale deposits with an initial investment of $1.5 billion over two years. Under the deal, the companies would develop the ...
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AFP
So Last Year: RIM Dumps Cloud Hosting Acquisition
Wired
Last year, RIM — maker of the BlackBerry smartphone line — acquired NewBay, a cloud hosting service, for $100 million. But on Friday, Synchronoss, a mobile software company, announced that it is buying NewBay from RIM for $55 million cash. The New ...
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Wired
SandRidge Fires Back at Hedge-Fund Claims
Wall Street Journal (blog)
SandRidge Energy went on the offensive against a major shareholder's push to replace the company's board and amend its bylaws, describing the proposal as an attempted coup by a self-interested and uninformed investor. TPG-Axon Capital Management ...
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Steinway won't sell band instrument division
Boston.com
Steinway Musical Instruments Inc. has decided not to sell its band instrument division, the Waltham manufacturer announced this week. The company had previously reached an agreement in principle with a group of investors led by two current Steinway ...
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US oil imports in Oct down from year ago-EIA
Reuters
Fri Dec 28, 2012 5:28pm EST. WASHINGTON, Dec 28 (Reuters) - U.S. crude oil imports in October fell 816,000 barrels per day from a year earlier, hitting their lowest monthly level since January 2000, the Energy Information Administration said on Friday.
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Revel Casino Gets New Infusion
Wall Street Journal
Investors are doubling down on Atlantic City's Revel casino, which when it opened last April was envisioned as boosting the city as an entertainment and convention destination but instead has been on the verge of running out of cash. The casino's owner ...
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Former Greek Official Is Said to Have Obstructed Tax Inquiry
New York Times
ATHENS — A former Greek finance minister appeared to be implicated Friday in the tampering of the so-called Lagarde list of Greeks with Swiss bank accounts after prosecutors revealed that three of his relatives had been removed from the list. World Twitter ...
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UPDATE 2-US natural gas futures end higher, cold weather due
Reuters
Fri Dec 28, 2012 3:31pm EST. * Above-average nuclear plant outages lend support * Milder 11- to 15-day weather outlook limits gains * High storage, production also keep buyers cautious * Coming up: EIA monthly gross gas production data Monday ...
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How to Prepare When Next Year's Tax Rates Are Anyone's Guess
New York Times
Published: December 28, 2012. This was the week we were supposed to get a grand bargain. Instead, we got an undignified stalemate. Bucks. The Future of Your Taxes. Are you bearish on the long-term fiscal outlook? What are you doing about it in your own ...
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New York Times
Weekly ETF Flows: EEM Asset Rise Continues
NASDAQ
Investors kept pouring money into the iShares MSCI Emerging Markets Index Fund (NYSEArca:EEM) in the past week, the latest piece of a dynamic Vanguard unleashed in October when it said that its giant emerging markets fund that competes with EEM ...
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Casino's first early morning draws small, dedicated crowd
Baltimore Sun
When 2 a.m. came Friday, the sound of coins hitting metal — electronically replicated, of course, since the slot machines pay out with a printed ticket — continued at Maryland Live casino. About 1,000 people stayed where they were, plugging money into the ...
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Tribune Co. likely to emerge from bankruptcy Monday
Chicago Sun-Times
The Tribune Co., the media giant that owns the Chicago Tribune, WGN-TV and radio, and many other newspapers and television stations across the country is likely to emerge from bankruptcy on Dec. 31, a source tells the Sun-Times. On Friday, Reuters ...
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Two months after Sandy, FEMA identifies hundreds of available rentals for ...
The Star-Ledger - NJ.com
In an attempt to help displaced Hurricane Sandy victims find shelter, the state of New Jersey along with the Federal Emergency Management Agency have identified hundreds of homes and apartments currently available for rent in Atlantic, Monmouth and ...
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The Star-Ledger - NJ.com
Partial Deal With Union Averts a Strike at 14 Ports
New York Times
Dockworkers dropped their threat of an imminent strike against ports from Boston to Houston after their union and shipping companies reached a deal on the main point of their dispute, a federal mediator announced on Friday.
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New York Times
Your Funds: Seeing the ghosts of mutual funds passed
Memphis Commercial Appeal
No one cries when a mutual fund dies. There is no wake. If there is an obituary — in the form of some small announcement that the investment has passed — it seldom contains information on the cause of death. And yet, each year, hundreds of funds are ...
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Blogs14 new results for Business
 
Pinterest Sued by Former Business Partner of Early Investor - Liz ...
By Liz Gannes
Pinterest has arrived at that special milestone for any successful start-up: The day you get sued by someone who says the whole thing was his idea.
AllThingsD
An Explanation For Instagram's Drop - Business Insider
By Owen Thomas
The only problem: The numbers—or rather, the ways in which the New York Post and others interpreted them—were bogus. So how did this happen, and what do we actually know about Instagram's usage? It's a vital question, because ...
SAI
Analyst: There Is 'An Insatiable Appetite' For The ... - Business Insider
By Jay Yarow
Apple mega-bull Brian White of Topeka Capital is out with another, um, mega-bullish note on Apple. He says people in China are going nuts for the iPad Mini. Here some excerpts from his note: Our checks indicate that the iPad mini sold out in ...
Business Insider
Bogus Story About Instagram Losing Users - Business Insider
By Zachary Seward
Facebook's stock dropped 2.9% in its first minutes of trading this morning. Investors were likely responding to a report in the New York Post that Instagram, the photo-sharing that Facebook acquired this year, "may have shed nearly a quarter of ...
Money Game
Demand For Windows 8 Is Weak, Says Fujitsu President - Business ...
By Jay Yarow
Steven A. Ballmer is CEO of Microsoft Corporation and has worked with the company since graduating from the Stanford University Graduate School of Business in 1980. Bill Gates, who attended Harvard undergraduate with Ballmer... More » ...
Business Insider
Trolley Company Leaves Wedding Business Rather Than Let Gay ...
By Mary Beth Quirk
Trying to reconcile your personal, religious beliefs that may conflict with running your business can be a difficult thing to juggle, which is apparently why the owner of popular trolley company has decided to walk away from the wedding ...
The Consumerist
How Apple Determined Tim Cook's $4.2 Million Salary - Business ...
By Alyson Shontell
This year, Apple CEO Tim Cook will bring home about $4.2 million. His salary is $1.4 million with a cash bonus of up to 200% ($2.8 million) of that base. How was that salary determined? CNNMoney says Apple takes multiple factors into ...
Clusterstock
Grameen America open for business in Charlotte - Charlotte Observer
By adunn@charlotteobserver.com (Andrew Dunn)
The organization's goal across the world is to lift low-income people out of poverty through entrepreneurship. It gave four Charlotte women microloans on Friday.
The Charlotte Observer -- News...
The Most Powerful Rebel Group In Syria Is ... - Business Insider
By Agence France Presse
Syrian jihadist group the Al-Nusra Front, blacklisted by Washington as a terror outfit, has accused the United States of seeking to keep President Bashar al-Assad in power. "The continued US and international support for prolonging the ...
Business Insider
Rocket Launchers Returned At Gun Buyback - Business Insider
By Abby Rogers
In addition to receiving 75 assault weapons during its gun buyback Wednesday, the Los Angeles Police Department collected two rocket launchers. The department hosted Wednesday the no-questions-asked program where city residents ...
Business Insider
Apple Stock vs HP And Research In Motion - Business Insider
By Henry Blodget
More money has been lost in the past three months in Apple stock than has ever been lost in the tech disasters known as Hewlett-Packard and Research In Motion combined. That may seem inconceivable, but it's true. Hewlett-Packard and ...
Business Insider
America's Durable Goods Are Old - Business Insider
By Lucas Kawa
America's cars and appliances are older than they have been in 50 years, which suggests purchases of consumer durables could be set to spike.
Money Game
Business News in Pro Cycling | Boulder Report | Bicycling.com
By joelindsey
Sometimes, it's easy to forget that pro cycling exists because of sponsorship, and the companies who are involved in the sport have their own triumphs and setbacks.
Boulder Report
BII REPORT: How Tablet Sales Have Exploded ... - Business Insider
By Business Insider
BI Intelligence estimates 122 million to be shipped this year. ;
Business Insider

Web2 new results for Business
 
Fewer US banks failing as industry strengthens - Business - The ...
US banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping ...
bostonglobe.com/business/2012/12/29/fewer.../story.html
DNA: Cartoons - Nobody's Business
Nobody's Business. Published: Saturday, Dec 29, 2012 on 12:00 IST By Manjul | Place: Mumbai | Agency: DNA. Reprint this cartoon, Cartoonist: Manjul. Tweet ...
www.dnaindia.com/cartoons/1782965


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