Jul 29, 2013

Google Alert - Business

News 10 new results for Business
Regulator Outlines JP Morgan Electricity-Market Allegations Wall Street Journal
WASHINGTON—Federal energy regulators said traders at J.P. Morgan Chase & Co. used eight different strategies to wring "excessive payments" from electricity markets, offering their first formal allegations of fraudulent activity after a yearslong investigation.
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China 3% Growth Risk Seen by Barclays Signals Likonomics Anxiety Bloomberg
A copper price collapse of more than 60 percent, zinc cut by up to a half and oil down to $70 a barrel. That's the fate facing world commodity markets should China's growth dip to 3 percent in the next three years -- a scenario economists at Barclays Plc ...
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Third Point Takes Aim at Sony in Investor Letter New York Times
Updated, 7:02 p.m. | The activist investor Daniel S. Loeb is turning up the heat on Sony. Mr. Loeb, who runs the hedge fund Third Point, initially took a deferential approach when he disclosed a roughly 6.5 percent stake in Sony and called for a breakup of the ...
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Amazon Hiring 5000 in Warehouses to Meet Customer Demand Bloomberg
Amazon.com Inc. is boosting staff in 17 U.S. warehouses, adding more than 5,000 full-time jobs to meet brisk demand for products sold by the world's biggest Web retailer. The new hires will join more than 20,000 employees working at Amazon's more than ...
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Boeing requests worldwide inspection of aircraft BBC News
Boeing has requested airlines to carry out inspections of a transmitter used to locate aircraft after a crash. A UK regulator had recommended the inspection after a fire broke out on a 787 Dreamliner jet parked at Heathrow airport earlier this month. It was traced ...
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Kuroda Sees Japan Economy Weathering Planned Sales-Tax Rise Bloomberg
Bank of Japan Governor Haruhiko Kuroda indicated little concern that a planned sales-tax rise would derail an economic rebound as Prime Minister Shinzo Abe considers whether to proceed with the move. "A two-step sales tax increase won't give major ...
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Oil spill from pipeline leak in Thai sea reaches popular tourist island Fox News
BANGKOK – An oil spill has reached a popular tourist island in Thailand's eastern sea despite continuous attempts to clean it up over the weekend. About 50 tons of crude oil spilled into the sea off Rayong province Saturday morning after a leak occurred in a ...
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Apple's Response to Latest Supplier Labor Abuse Allegations Wall Street Journal
New York-based nonprofit China Labor Watch on Monday released a report alleging labor abuses– including environmental and safety violations, withholding of worker pay and poor living conditions — at Apple Inc.'s Taiwanese contractor Pegatron.
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HBC snaps up Saks for $2.9-billion, plans Canadian rollout Globe and Mail
Hudson's Bay Co. has sealed a deal to buy Saks Inc., a move that would see the U.S. luxury department-store retailer being launched in Canada along with its Saks Off Fifth discount sister chain. Richard Baker, the U.S. real-estate magnate who snapped up ...
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Drugmaker Perrigo to buy Ireland's Elan for $8.6 billion CNBC.com
U.S. generic drugmaker Perrigo agreed to buy fellow drug company Elan for $8.6 billion on Monday in a deal that will hand it royalty rights from a blockbuster treatment and tax savings from being domiciled in Ireland. Elan put itself up for sale last month after ...
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