Jul 30, 2013

Google Alert - Business News

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Over a Million Are Denied Bank Accounts for Past Errors New York Times
Mistakes like a bounced check or a small overdraft have effectively blacklisted more than a million low-income Americans from the mainstream financial system for as long as seven years as a result of little-known private databases that are used by the nation's ...
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Trade Fight Over Solar Benefits a Bystander New York Times (blog)
The long-running trade conflicts over solar panels between China and the United States and Europe have sown dissatisfaction all around, leaving many manufacturers of solar materials complaining that the market is still unfair. But one country not involved in ...
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Delay in Employer Health Mandate Estimated to Cost $12 Billion Wall Street Journal
WASHINGTON—The Obama administration's move to delay a mandate on businesses to provide health coverage will mean $12 billion in lost tax revenue and additional costs, according to the Congressional Budget Office. The nonpartisan CBO said one ...
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Lawyers Present Closing Arguments in Former Goldman Trader's Fraud Case New York Times
Fabrice Tourre, center, a former Goldman Sachs trader, is accused of misleading investors Lucas Jackson/ReutersFabrice Tourre, center, a former Goldman Sachs trader, is accused of misleading investors. Fabrice Tourre, the former Goldman Sachs trader, ...
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Ford to Offer Systems for F-150 Pickups to Run on Natural Gas Bloomberg
Ford Motor Co. (F), the second-largest U.S. automaker, plans to begin offering compressed natural gas fuel systems for its F-150 pickups to meet growing demand from business fleets and attract retail buyers. Fuel packages similar to what Ford has offered on ...
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Sprint Reports Wider-Than-Predicted Loss After Closing Network Bloomberg
Sprint Corp. (S), the third-largest U.S. wireless carrier, reported a wider-than-predicted loss after the company shut down its Nextel network and shed more than 1 million monthly subscribers. The second-quarter loss was $1.6 billion, or 53 cents a share, ...
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Aussie-US Premium Seen Shrinking to 2006 Low: Australia Credit Bloomberg
Australian government bonds will outperform U.S. peers in the coming eight months, shrinking the yield premium offered by benchmark notes to the least since 2006, as growth prospects for the two nations diverge. Australia's 10-year yield will be little ...
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Consumer confidence dropped in July, Conference Board says Los Angeles Times
WASHINGTON -- Consumer confidence dropped this month from a more than five-year high, but still remains well above levels of a year ago, the Conference Board said Tuesday. The group's index decreased to 80.3 in July from an upwardly revised 82.1 in ...
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BP's spill compensation payouts leap in second-quarter Reuters
LONDON | Tue Jul 30, 2013 2:55am EDT. LONDON (Reuters) - BP Plc's (BP.L) $20 billion Gulf of Mexico oil spill compensation fund has almost run out after provision for costs so far leaped by $1.4 billion in the second quarter. The British oil company has just ...
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Deutsche Bank Profit Unexpectedly Falls on Legal Costs Bloomberg
Deutsche Bank AG (DBK), continental Europe's biggest bank, said second-quarter profit fell 49 percent as it set aside 630 million euros ($796 million) for legal costs. The shares slumped. Net income in the three months through June dropped to 334 million ...
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