Aug 6, 2013

Google Alert - Business News

News 10 new results for Business News
RBA Shifts Toward Neutral After Cutting Rate to Record: Economy Bloomberg
Australia's central bank damped expectations of further interest rate cuts after reducing its benchmark to a record low, sending the local dollar higher. Governor Glenn Stevens cut the overnight cash-rate target by a quarter percentage point to 2.5 percent and ...
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Tapering of Stimulus Could Start as Soon as September, 2 Fed Presidents Hint New York Times
Two Federal Reserve regional presidents suggested on Tuesday that the central bank could ease its extraordinary efforts to stimulate the economy sooner rather than later, but stopped short of providing an exact time frame. Enlarge This Image ...
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Volt Falls to Electric-Car Price War Wall Street Journal
GM slashed the 2014 Chevrolet Volt's starting price by 13% in response to similar cuts by Nissan and Ford. Reuters. General Motors Co. cut the starting price of its latest Chevrolet Volt electric car by 13%, expanding a price war among makers of plug-in ...
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Late-Payment Rate on Mortgages Fell in 2Q ABC News
Homeowners are doing a better job of making timely mortgage payments, a trend that brought down the national late-payment rate on home loans in the second quarter to the lowest level in five years. The percentage of mortgage holders at least two months ...
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US sues Bank of America over sale of $850 million in mortgage-backed securities Washington Post
Traders at Bank of America willfully misled investors about the quality of the residential mortgages tucked into the securities the bank sold at the start of the financial crisis, according to separate lawsuits filed Tuesday by the Justice Department and the ...
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India's Rupee Plunges to Record on Fed Concern; Bonds Decline Bloomberg
India's rupee fell to a record low, and government bonds declined, as U.S. data boosted speculation the Federal Reserve will pare stimulus that has driven demand for emerging-market assets. The U.S. non-manufacturing index came in at 56 for July, a report ...
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Quality Helps Americans Keep Old Cars Longer ABC News
Americans are keeping their cars and trucks longer than ever, and even with new car sales increasing, the average age will continue to rise, an industry research firm says. The average age of the 247 million cars and trucks on U.S. roads hit a record of 11.4 ...
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Credit Agricole Profit Surges After Disposal of Greek Unit Bloomberg
Credit Agricole SA (ACA), France's third-largest bank by market value, said profit surged in the second quarter after the sale of its unprofitable Greek unit. Net income jumped to 696 million euros ($922 million) from a restated 56 million euros a year earlier, the ...
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Coal miner killed in eastern Ky., 2 more injured Helena Independent Record
A coal miner has been killed and two more injured in an apparent wall collapse in an underground eastern Kentucky mine. State officials said the workers were inside a Harlan County mine operating a continuous miner machine Tuesday and became trapped ...
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Carl Icahn Buys 4 Million Dell Shares Wall Street Journal
Carl Icahn bought four million more shares of Dell Inc. last week, according to a securities filing, upping his stake slightly in an ongoing fight against the technology company's buyout. Mr. Icahn now holds 156.5 million shares, or 8.9% of the company, boosting ...
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