Oct 11, 2013

Google Alert - Business News

News 27 new results for Business News
VW Plant Opens Door to Union and Dispute New York Times
Published: October 10, 2013. FRANKFURT — The face-off between Volkswagen and the United Automobile Workers over organizing the company's new plant in Tennessee is rapidly becoming a global clash of cultures. Add to Portfolio. Volkswagen AG.
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Government shutdown puts a wrench in housing market Los Angeles Times
Jay Joerger was set to close a long-planned sale of his Palm Springs condominium this week until he was blindsided by an unexpected problem: the shutdown of the federal government. The condo sits on land owned by an Indian tribe, so the sale must be ...
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Estranged father mum on Amazon CEO USA TODAY
PHOENIX -- Glendale bicycle shop owner Ted Jorgensen, who learned nearly a year ago that the son adopted decades ago by his ex-wife's husband is Amazon.com CEO Jeff Bezos, has had no contact with the Internet entrepreneur since a reporter told him ...
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Alaska crabbers face 'fishing cliff' The Seattle Times
The Alaska crab season is set to open Oct. 15. But the crab fishermen and women can't set out for their catch until they get permits from the National Marine Fisheries Service, which is closed due to the federal government shutdown. By Kyung M. Song. Seattle ...
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Hasn't the US defaulted before? Los Angeles Times
That's the question raised by James Grant in a Washington Post op-ed, and his answer -- as anyone who knows Grant might expect -- is yes. His real point is that it happens all the time, in a way, and will inevitably happen in the future. "On the authority of the ...
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Dow closes up more than 300 on budget thaw USA TODAY
Stocks skyrocketed Thursday as investors were encouraged by talk of a deal that may avert a U.S. government default. The Dow Jones industrial average jumped 323 points, or 2.2%, to 15,126 . The Standard & Poor's 500 index gained 37 points, or 2.2%, ...
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Suit Revives Goldman Conflict Issue New York Times
Carmen Segarra worked at the New York Federal Reserve Bank after a career on Wall Street Earl Wilson/The New York Times Carmen Segarra worked at the New York Federal Reserve Bank after a career on Wall Street that included jobs at Citigroup and ...
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Apple Inc looks to poach BlackBerry Ltd workers in Waterloo Financial Post
Apple Inc. has all but destroyed BlackBerry Ltd.'s business model and now it's after the Canadian company's decimated workforce. In BlackBerry's hometown, coming layoffs hardly the economy killing tragedy many might have expected. Since its inception ...
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Raytheon wins US Navy radar deal worth up to $1.6 billion Reuters
WASHINGTON | Fri Oct 11, 2013 12:03am EDT. WASHINGTON (Reuters) - The U.S. Navy on Thursday awarded Raytheon Co (RTN.N) a contract valued at up to $1.6 billion to design a next-generation air and missile defense radar for use on Arleigh Burke ...
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In remote field, North Dakota oil boom suffers first big spill Reuters
By Todd Melby and Selam Gebrekidan. TIOGA, North Dakota/NEW YORK | Thu Oct 10, 2013 7:00pm EDT. TIOGA, North Dakota/NEW YORK (Reuters) - A Tesoro Logistics LP pipeline has spilled more than 20,000 barrels of crude oil into a North Dakota ...
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Infosys profit lags on visa charge; revenue outlook improves Hindustan Times
Infosys, India's second-largest software services exporter, posted quarterly profit that missed analyst estimates on a charge related to visa use in the United States, but raised the lower end of its fiscal full-year revenue guidance. The results were the first for a ...
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Jury: Toyota not liable for death of Calif. woman USA TODAY
LOS ANGELES (AP) — A jury found Thursday that Toyota Motor is not liable for the death of a California woman who was killed when her 2006 Camry apparently accelerated and crashed despite her efforts to stop. Jurors deliberated for about five days before ...
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The Big Hole in Twitter's IPO Filing Wall Street Journal
The Game columnist Dennis Berman has spent a week with Twitter's 120,000 word filing and he says that one major thing is missing. He joins digits. Have no fear, Twitter Inc. should be worth piles of money when it sells shares to the public. Back in February ...
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Investors Are Not Expecting Much From The Banks This Earnings Season Forbes
With bond trading sputtering, legal and regulatory costs piling up and mortgage originations down, the nation's big banks are getting ready to report third-quarter financial results that the market expects will be lackluster. JPMorgan Chase & Co., and Wells ...
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Fed's Rosengren Says Hard to Communicate Current Fed Policy -- Update Wall Street Journal
NEW YORK--Pursuing a monetary policy path that is driven by incoming economic data is difficult to communicate, a veteran Federal Reserve official said Friday in a speech that also defended the central bank's decision to press forward with its easy-money ...
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After High Demand, Royal Mail Shares Are Priced at High End New York Times
Valued at $5.28 billion, Royal Mail is the biggest privatization since the British government sold Peter Macdiarmid/Getty Images Valued at $5.28 billion, Royal Mail is the biggest privatization since the British government sold the railways in the 1990s.
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Finance Chiefs Warn Against Failure in US Debt Deal Businessweek
International finance chiefs welcomed signs U.S. lawmakers are working to resolve their debt spat as they warned failure to do so would hurt the world economy. Group of 20 officials meet in Washington today after House Republicans and the White House ...
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Forty Years After OPEC Embargo, US Is Energy Giant Bloomberg
Forty years ago this month, the Organization of the Petroleum Exporting Countries proclaimed an embargo on oil exports to the U.S. as retaliation for its support of Israel in the Yom Kippur War. It would last only five months, but it haunts U.S. energy policy to ...
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PRECIOUS-Gold set for weekly loss on stronger dlr, US budget stand-off Reuters
Fri Oct 11, 2013 12:24pm IST. * Gold on track for 1.5-percent weekly decline * Obama, Republicans aim to end budget crisis after meetings * Dollar near 2-wk highs, Asian stocks jump to 3-wk peak (Adds dollar move, updates prices) By A. Ananthalakshmi ...
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RPT-EPA may reduce ethanol blending volumes for 2014 -sources Reuters
Thu Oct 10, 2013 11:57pm IST. By Cezary Podkul. NEW YORK Oct 10 (Reuters) - Federal environmental regulators are expected to significantly reduce their biofuel blending mandates for next year, marking a historic retreat from an ambitious 2007 law, ...
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What to watch in JP Morgan, Wells Fargo earnings MarketWatch
NEW YORK (MarketWatch) — It's October, that time of year when a bank investor's thoughts turn to third-quarter earnings. They kick off Friday, when J.P. Morgan Chase & Co. and Wells Fargo & Co. report results. The general feeling? It's a quarter more for ...
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China's September trade surplus down 44.7% Channel News Asia
China's trade surplus narrowed to a disappointing $15.2 billion in September from $28.6 billion in August, customs figures showed Saturday. PHOTOS. Containers waiting to be transported at Yangshan port in Shanghai. (AFP). Enlarge; Caption. BEIJING: ...
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Here are 7 default doomsday scenarios CNBC.com
Faced with some Republicans shrugging their shoulders at the thought of the U.S. defaulting on its debt obligations for the first time ever, notable economists are warning that the consequences would be the economic equivalent of a swarm of frogs and a ...
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Fed head Janet Yellen - the woman behind the headlines euronews
Janet Yellen has been nominated to take over at the Federal Reserve. After a few years as deputy of current chief, Ben Bernanke, she is now set to become the first woman to head America's central bank, one of the world's most influential. US president ...
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Mass. approves building of gas-fired power plant Kansas City Star
Associated Press. BOSTON — The Patrick administration has signed off on construction of a new 692-megawatt gas-fired power plant to be located the site of the existing Salem Harbor Station. More News. Read more National, International Business news.
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Best day of 2013 for Dow on possible debt deal wtvr.com
NEW YORK (CNNMoney) — Washington didn't even need to finalize a debt ceiling deal to convince investors to buy stocks again. The Dow posted its best gains of the year, adding more than 300 points, or 2.2%. Both the S&P 500 and the Nasdaq also ...
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Zuckerberg buys four houses near his Palo Alto home Vallejo Times-Herald
PALO ALTO -- Living the fantasy of every homeowner who's faced the prospect of a nuisance project next door, Facebook's Mark Zuckerberg has bought four homes adjacent to his own 5-bedroom crash pad in one of Palo Alto's toniest neighborhoods.
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