Oct 15, 2013

Google Alert - Business News

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Obamacare's Website Is Crashing Because It Doesn't Want You To Know How ... Forbes
The Healthcare.gov website requires that individuals looking for coverage enter personal information before comparing plans. IT experts believe that this requirement is causing the website to crash. A growing consensus of IT experts, outside and inside the ...
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Burberry names Bailey CEO as Ahrendts quits for Apple Reuters
LONDON | Tue Oct 15, 2013 2:35am EDT. LONDON (Reuters) - Burberry Group said its chief creative officer Christopher Bailey would become chief executive, following the departure of long-standing boss Angela Ahrendts to Apple. The British fashion house ...
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The Bloodlust of Pundits Swirls Around Jamie Dimon New York Times
Jamie Dimon, head of JPMorgan, last month. Regulators and investors seem to disagree Susan Walsh/Associated Press Jamie Dimon, head of JPMorgan, last month. Regulators and investors seem to disagree with recent calls for his ouster. Jamie Dimon ...
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Hope Edges Out Anxiety on Wall St. New York Times
The stock market posted modest gains in a volatile session on Monday, as investors cautiously bet that there would soon be a deal in Washington to increase the government's debt ceiling and avoid default. Harry Reid, the Senate majority leader, and Mitch ...
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Ex-Halliburton exec admits destroying evidence USA TODAY
NEW ORLEANS — A former Halliburton manager pleaded guilty Tuesday to destroying evidence in the aftermath of the deadly rig explosion that spawned BP's massive 2010 oil spill in the Gulf of Mexico. Anthony Badalamenti, 62, faces a maximum sentence ...
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NY Battles Site Listing Homes for Tourists to Rent ABC News
Each night, people in apartments all over New York City are cleaning up, putting out fresh towels and clearing out — to rent their private space to strangers from around the world. Thousands of city residents are using websites such as Airbnb.com to list ...
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Rio Reports Record Iron Ore, Coal Output as China Demand Surges Bloomberg
Rio (RIO) Tinto Group, the world's second-largest mining company, said third-quarter iron ore output rose 1 percent, meeting analyst expectations. Production was 53.4 million metric tons in the three months to Sept. 30, compared with 52.6 million tons a year ...
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Typhoon Wipha Moves Up Japan's Eastern Coast, Kills 8 People (1) Businessweek
Pedestrians walk against strong wind and rain in Tokyo. Photographer: Yoshikazu Tsuno/AFP/Getty Images. Typhoon Wipha passed through Japan's east coast today, killing at least eight and leaving 37 missing in heavy rainfall and landslides. Hundreds of ...
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Fisher Says Fed Could Cushion Against a US Debt Default Bloomberg
Federal Reserve Bank of Dallas President Richard Fisher said the central bank could reduce the turmoil from any U.S. debt default, which he said is unlikely. "I'm very confident" in the ability of the Federal Reserve Bank of New York to "mitigate the chaos that ...
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Stock futures eke out gains two days from debt deadline USA TODAY
Wall Street investors were pushing stock futures modestly higher on Tuesday, just two days away from a deadline to increase the U.S. debt ceiling. Ahead of the start to regular trading, Dow Jones industrial average index futures added 0.1%, Standard ...
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BART union makes counter-offer; some hope remains to ward off strike Los Angeles Times
A union representative said late Monday during a break from negotiations to avert a Bay Area Rapid Transit strike that a counter-offer is in the hands of BART management. Pete Castelli, executive director of Service Employees International Union Local 1021, ...
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Stocks are mixed on Wall Street as debt deal talks in Washington fail to impress ... Washington Post
There's deal talk in Washington. On Wall Street, it's wait-and-see. The big stock indexes were mixed on Tuesday as Republican and Democratic leaders in the Senate reported that a deal over the nation's borrowing limit appears to be getting closer.
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Square Cash lets anyone send money by e-mail -- for free CNET
First launched as an invite-only beta, Square Cash is now available to everyone. The free service lets anyone send and receive cash simply by sending an e-mail, no account required. Daniel Terdiman. by Daniel Terdiman. October 15, 2013 6:00 PM PDT.
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JP Morgan to Pay $100 Million in CFTC Pact on 'Whale' Trades Wall Street Journal
WASHINGTON—J.P. Morgan Chase & Co. has agreed to pay $100 million to settle charges by the Commodity Futures Trading Commission related to the bank's "London whale" trading debacle of 2012, according to people familiar with the matter. The CFTC ...
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China's Biggest Reserves Jump Since 2011 Shows Inflow Bloomberg
China's foreign-exchange reserves rose last quarter by the most in more than two years, a sign the government's efforts to protect growth attracted money even as developing nations from India to Indonesia saw capital exit. Reserves were a record $3.66 ...
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October Car Sales Stall on U.S. Shutdown, Hyundai Says Bloomberg
A prolonged U.S. government shutdown is damaging consumer confidence and may trim October new-vehicle sales by as much as 10 percent, said John Krafcik, chief executive officer of Hyundai Motor Co. (005380)'s U.S. sales unit. The standoff in ...
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What to watch for in Citigroup earnings MarketWatch
NEW YORK (MarketWatch) -- Progress in the wind-down of Citi Holdings, updates on the expense reduction program and emerging market growth are key areas analysts will focus on when Citigroup Inc. (NYSE:C) reports its third-quarter results Tuesday, ...
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Report tallies Texas nuclear plant violations FOX 29
GLEN ROSE, Texas (AP) -- An unreleased report says two Texas nuclear power plants each experienced more than 150 lower-level safety violations from 2000 through 2012. The data were included in a Government Accountability Office report obtained by ...
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Man told to buy two airline seats, but ends up with one in row 17 and the other in ... The Daily Telegraph
BEFORE he boarded the plane, 37-stone Les Price had already been forced to pay for an extra ticket. The airline's rules for passengers weighing more than 20 stone required him to buy two seats for himself. But when he got on board, insult was added to ...
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Insider-trading trial of billionaire and Dallas Mavericks owner Mark Cuban nears ... Washington Post
DALLAS — The government's insider-trading case against billionaire and Dallas Mavericks owner Mark Cuban is heading toward the final buzzer. After six days of testimony, closing arguments are expected Tuesday afternoon in federal court in Dallas.
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Manufacturing in New York Area Cools as Sales, Hiring Slow Bloomberg
Manufacturing in the New York region grew at a slower pace than projected in October as sales and hiring cooled. The Federal Reserve Bank of New York's general economic index fell to 1.5, a five-month low, from 6.3 in September. Positive readings signal ...
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Fitch Affirms First Data's IDR at 'B'; Outlook Stable Reuters
Tue Oct 15, 2013 3:10am IST. (The following statement was released by the rating agency) NEW YORK, October 14 (Fitch) Fitch Ratings has affirmed the Issuer Default Rating (IDR) for First Data Corp. (FDC) at 'B' with a Stable Rating Outlook. FDC has ...
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Stocks Turn Higher As Optimism Over Debt Deal Grows Wall Street Journal
Stocks turned higher midday Monday as investors held out hope that Washington lawmakers will reach a deal to raise the debt ceiling, even after negotiations broke down over the weekend. The Dow Jones Industrial Average rose 22 points, or 0.2%, to 15259 ...
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Bershidsky on Europe: Ireland Exiting Bailout Bloomberg
Here's today's look at some of the top stories on markets and politics in Europe: Ireland to make a clean bailout exit. Irish Prime Minister Enda Kenny told the national conference of Fine Gael, Ireland's strongest political party, that on Dec. 15 the nation will exit ...
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Beneficiaries of Medicare Left Confused by Exchanges New York Times
WASHINGTON — Medicare beneficiaries can sign up for private health plans starting Tuesday, but federal officials fear that many of them, out of confusion, might go to the new federal insurance exchange. National Twitter Logo.
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No Payoff in Coca-Cola's Thirst for Growth Wall Street Journal
Coca-Cola Zero is popular with soda drinkers, but zero isn't flavor-of-the-month with shareholders. Coca-Cola Co.'s stock is flat over the past 12 months. But don't expect the drinks giant's management to accentuate the negative when third-quarter results are ...
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Heavy R&D Spending Makes Unprofitable Twitter a High Risk – Rapid Ratings Wall Street Journal
Twitter has buzz. Twitter has the zeitgeist. Twitter has those cool little hashtags that everybody everywhere now uses. What Twitter also has is a cash-eating operation that isn't turning a profit. That, not surprisingly, makes it a very risky investment, according to ...
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Nasdaq and NYSE are courting Twitter listing Los Angeles Times
NEW YORK — As Twitter Inc. shops for a home on Wall Street, the Nasdaq Stock Market and New York Stock Exchange are cranking up the charm — just like they've done with other tech stars. As real estate listings website Zillow Inc. was going public two ...
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Halloween Is a $6.9 Billion Unstoppable American Cultural Juggernaut Businessweek
Here's some good news for those worried about the fracturing of our culture: The majority of Americans still celebrate Halloween. Almost 66 percent of adults, in fact, according to the latest survey by the National Retail Federation. There's no red-state, ...
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Intel plans cheap Bay Trail CPUs for 2Q14 Digitimes
Intel is planning to release entry-level Bay Trail-based processors for the Android platform in the second quarter of 2014, according to sources from tablet players. The sources expect the CPUs to be priced between US$15-20, about US$12 lower than the ...
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Should JPMorgan's chief executive Jamie Dimon be fired? Economic Times
That seems to be the conclusion of some in the pundit class about JPMorgan Chase's chairman and chief executive. Writers, editors and bloggers have made it clear that they want his scalp: "NOW Are We Allowed Talk About Firing Jamie Dimon?
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US counts the cost as stalemate bites Financial Times
Economists are scrambling to assess the damage inflicted on the US recovery by the government shutdown and its second close brush with default in as many years. But the bigger picture is that the political paralysis surrounding US fiscal policy, with ...
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J&J Q3 Earnings Beat Estimates; Guidance Raised JNJ Investor's Business Daily
Medical giant Johnson & Johnson (JNJ) beat analysts' expectations with its Q3 results and full-year outlook Tuesday morning, and gave investors an early glimpse into the quarter's overall health-care environment as the earnings season begins. Shares were ...
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Biz Buzz: Food Prize symposium packed DesMoinesRegister.com
The World Food Prize is expecting a record crowd for its annual symposium, despite cancellations related to the federal shutdown. Kenneth Quinn, president of the prize's foundation, estimated that 30 to 40 people connected to the federal government have ...
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Wal-Mart Stores Rating Reiterated by TheStreet (WMT) North Fork Vue
Wal-Mart Stores Inc. logo Wal-Mart Stores (NYSE:WMT)'s stock had its "buy" rating reiterated by equities researchers at TheStreet in a research report issued on Monday, AnalystRatings.NET reports. The analysts wrote, "Wal-Mart Stores (WMT) has been ...
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US senators hint at possible fiscal deal by today RTE.ie
Weeks of combat in the US Congress over government spending showed signs last night of giving way to a deal to reopen closed federal agencies and prevent a default on federal debt. Senate Majority Leader Harry Reid, a Democrat, and his Republican ...
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Jet Blue to Move to Terminal A at Sacramento International The Leading Aviation Industry Resource for News, Equipment and
Created: October 14, 2013. JetBlue Airways will move its Sacramento International Airport passenger operations from Terminal B to Terminal A , airport officials announced. Related Content. Related Terms. Airline News · JetBlue · Sacramento International ...
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Update on the latest in business: NECN
After spending most of the day in negative territory, the Dow was up more than 20 points, while the S&P and the Nasdaq were also seeing modest gains. Earnings season goes into high gear this week. Coca-Cola, Johnson & Johnson and Citigroup report ...
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Alcatel Lucent SA (ADR) (ALU): A roundup of tech ratings changes Seeking Alpha
Alcatel-Lucent (ALU +1.4%) has been upgraded to Overweight by Barclays, and Ericsson (ERIC -3.3%) cut to Underweight. AMD (AMD +1.4%) has been upgraded to Outperform by Wedbush. Stratasys (SSYS +2.2%) has been upgraded to Buy by Dougherty ...
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