Aug 29, 2013

Google Alert - Business News

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Is USA's love affair with the automobile over? USA TODAY
Statistics show total miles Americans drive peaked in August 2007, is gradually falling. 1958-Chevrolet-Impala-Sport-Coupe-Convertible-192090. 1958 Chevrolet Impala Sport Coupe convertible. (Photo: AP) ...
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Report Says Fed Broke Its Own Secrecy Rules New York Times
WASHINGTON — The Federal Reserve's inspector general said the Fed violated its own rules for handling confidential material when it inadvertently issued the minutes of a policy meeting a day before the scheduled release in April. The inspector's report on ...
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Second Month of Inflation in Japan, but Consumer Spending Falls New York Times
TOKYO — Japan's economic recovery gained momentum in July as manufacturing accelerated and consumer prices rose for a second straight month, despite weaker household spending and retail sales. The data released on Friday showed that the ...
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Zurich Insurance chairman quits after CFO's death MarketWatch
ZURICH--Zurich Insurance Group AG Chairman Josef Ackermann has resigned following the death this week of group Chief Financial Officer Pierre Wauthier, it said on Thursday. Vice-Chairman Tom de Swaan will become acting chairman, the company ...
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Gay Marriages in All States Get Recognition From the IRS New York Times
WASHINGTON — All same-sex couples who are legally married will be recognized as such for federal tax purposes, even if the state where they live does not recognize their union, the Treasury Department and the Internal Revenue Service said Thursday.
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Airline Merger Lawsuit Opens With Trial Date Tug-of-War Businessweek
The first big fight in the government's lawsuit to stop American and US Airways (LCC) from merging is a battle over when to hold a trial. The airlines have suggested Nov. 12. The Justice Department considers March 3 a fine date, allowing ample time for the ...
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Illinois banks lag in earnings growth, FDIC reports Chicago Tribune
The nation's banks and thrifts continue to post higher earnings, but Illinois institutions are lagging in a number of measures, according to numbers released Thursday by the Federal Deposit Insurance Corp. Nationally, only 8 percent of FDIC-insured ...
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Nasdaq keeps the peace by bearing blame for outage The Times (subscription)
America's high-tech Nasdaq exchange has blamed a software flaw and more than 26 times the normal amount of data from the rival NYSE Euronext as the cause of the longest trading halt in its history. The preliminary findings of the Nasdaq review, published ...
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JPMorgan Faces $6B FHFA Fine to Settle Bad Loans Bloomberg
Aug. 28 (Bloomberg) -- Bloomberg "Market Makers" anchor Stephanie Ruhle reports that the U.S. FHFA seeks at least $6 billion from JPMorgan Chase & Co. as a settlement on civil claims the bank sold bad mortgage bonds to Fannie Mae and Freddie Mac ...
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1st Ford Fusion built at Flat Rock ready to roll off the line Detroit Free Press
Ford is addressing its shortage of Fusion mid-size sedans starting Thursday. The automaker has added 1,400 workers at the Flat Rock assembly plant where it also assembles the Ford Mustang. There are now 3,000 employees on two shifts making Fusions ...
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