Jul 26, 2013

Google Alert - Business News

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JP Morgan to Sell Commodities Business Wall Street Journal
NEW YORK—The largest U.S. bank is getting out of the power-plant and warehouse business, amid heightened regulatory scrutiny of Wall Street's ownership of such assets. J.P. Morgan Chase & Co. said Friday it is putting its physical commodities operation ...
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Texas oilman, fracking pioneer Mitchell dies at 94 USA TODAY
SHARE 33 CONNECT 8 TWEET 2 COMMENTEMAILMORE. HOUSTON (AP) — Billionaire Texas oilman, developer and philanthropist George P. Mitchell, considered the father of fracking, died Friday at his home in Galveston, his family said. He was 94.
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Activision in $8.2 Billion Deal to Buy Back Stake From Vivendi New York Times
Bobby Kotick, chief executive of Activision Blizzard, with images of characters from the Skylanders J. Emilio Flores for The New York TimesBobby Kotick, chief executive of Activision Blizzard. Activision Blizzard, the world's biggest video game publisher, has a ...
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US presses banks for multibillion payments over mortgage securities Financial Times
Bank of America, JPMorgan Chase and Royal Bank of Scotland are being pressed for multibillion-dollar payments to the US government over toxic mortgage-backed securities, according to people familiar with negotiations. The Federal Housing Finance ...
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FAA proposes $2.75M fine for Boeing Chicago Tribune
The Federal Aviation Administration has proposed a $2.75 million fine against Boeing Co. for allegedly failing to properly fix quality control issues within a reasonable amount of time. The FAA says that in September 2008, Boeing discovered it had been ...
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Pepsico to Stop Saying Its Naked Juice Is All Natural New York Times
PepsiCo said it would no longer label its Naked juices as "all natural," after a lawsuit complained that the drinks contained ingredients that did not fit that bill. The company also agreed to pay $9 million to settle the lawsuit. PepsiCo said it used an "added boost ...
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Markets close with slight gains after rough morning USA TODAY
SHARE 47 CONNECT 49 TWEET 4 COMMENTEMAILMORE. Major stock indexes closed with slight gains on Friday after investors digested a batch of mixed earnings reports and benchmark stock indexes recovered from steep drops in morning trading.
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State OKs up to $450M for Wings arena project Detroit Free Press
LANSING — The Michigan Strategic Fund board approved issuing up to $450 million in bonds to finance construction of a $650-million project that will include a new arena for Detroit Red Wings hockey and other events, plus $200 million more to develop the ...
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European Stocks Seen Higher, Dollar Weak Wall Street Journal
Europe's financial markets are opening with the dollar weaker but shares expected to start strongly after a recovery in New York stocks prompted by an article in The Wall Street Journal reporting that the Federal Open Market Committee, at its meeting next ...
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Japan Prices Rise Most Since '08 in Boost for Abe Bloomberg
Japan consumer prices rose the most since 2008 in June, an early sign that the world's third-biggest economy may be starting to shake off 15 years of deflation. Consumer prices excluding fresh food increased 0.4 percent in June from a year earlier, the ...
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