Oct 16, 2013

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Washington state sues lobbyists over campaign against GMO labeling Reuters
By Carey Gillam. Wed Oct 16, 2013 6:44pm EDT. Oct 16 (Reuters) - A lobbying group for major U.S. food manufacturers has violated campaign finance laws in its attempt to block a measure that would require labeling of genetically modified foods in ...
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NPR
Northern Trust profit up 15% in 3rd quarter Chicago Tribune
Northern Trust Corp. said third-quarter profit rose 15 percent, partly due to gains on the sale of a Miami office building but also because of more fees generated through new business and a more bullish stock market. Net income at Chicago's biggest locally ...
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Geithner, Paulson Deposed in AIG Case Fox Business
A federal appeals court has recently allowed pre-trial depositions of two major figures in the 2008 government bailout of American International Group (AIG), FOX Business Network has learned. The depositions of Tim Geithner and Hank Paulson in their ...
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Shutdown took $24 billion bite out of economy CNNMoney
The United States may have dodged an economic catastrophe by raising the debt ceiling and opening the government, but it didn't emerge from the political debacle unscathed. The 16-day government shutdown took a $24 billion chunk out of the U.S. ...
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Half of all fast food workers' families get public aid, study finds Boston.com
More than half of fast food workers' families nationwide rely on public assistance to get by — double the rate of the overall workforce — at a cost of nearly $7 billion a year to US taxpayers, according to a study released Tuesday. In Massachusetts, employees ...
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Deal Lifts Markets but Does Little for US Economy ABC News
The budget agreement Congress reached Wednesday cheered investors and removed the threat of a catastrophic debt default that could have triggered another recession. Yet the temporary nature of the deal means a cloud will remain over a sluggish U.S. ...
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IBM Q3 Earnings Hurt By Weakness In Growth Markets Investor's Business Daily
Weak sales in China and other growth markets put a hit on IBM's third-quarter earnings report late Wednesday. Revenue of $23.7 billion fell short of the consensus estimates of $24.7 billion. Revenue was down 4% from the year-ago period, the sixth quarter in ...
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US Default Wouldn't Come on Thursday Wall Street Journal
Thursday is an important date in Washington's budget showdown, but it isn't when the U.S. might default on its debt obligations or other bills. The day takes on prominence because it is when the Treasury has estimated it would run out of the short-term ...
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AFP
The Basics of California Coverage San Francisco Chronicle
If you have health insurance through your job or know someone who does not have health insurance, your coverage will only get better. The Affordable Care Act does provide a sense of security and protection in terms of your health care coverage needs ...
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Medicare Had Messy Rollout, Too Bloomberg
There are rumblings that the glitches attending the rollout of the Affordable Care Act -- along with the relentless campaign to sabotage or delay it in numerous states -- mean the program is dead on arrival. But the history of an equally controversial and vast ...
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What to watch for in Bank of America earnings MarketWatch (blog)
Before J.P. Morgan Chase got its quarterly earnings decimated by legal expenses, Bank of America perfected the art. Bank of America Corp. /quotes/zigman/190927 /quotes/nls/bac BAC reports third-quarter results Wednesday, and for the most part, ...
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Buffett GE Profit Trails Wall Street Bets as Warrants Expire Businessweek
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. Photographer: Andrew Harrer/Bloomberg. Berkshire Hathaway Inc. (A:US)'s $3 billion bet on General Electric Co. (GE:US) during the 2008 financial crisis is proving less profitable ...
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Advance Auto Parts to Buy General Parts International Wall Street Journal
Advance Auto Parts Inc. agreed to buy General Parts International Inc. for just over $2 billion in cash, a takeover that would create one of North America's largest aftermarket auto-parts providers. The deal would create a company with $9.2 billion in annual ...
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Even With Senate Deal, Political Uncertainty Will Continue To Stunt Economic ... Forbes
Even if, as now appears likely, Congress passes a deal to raise the debt ceiling until Feb. 7th and fund the federal government through Jan. 15th, the uncertainty emanating from Washington will continue to hold down economic growth, Moody's Analytics Chief ...
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Smoke In Cabin Forces Spirit Plane To Return To DFW
DFW AIRPORT (CBSDFW.COM) – CBS 11 News has learned about what passengers call an "emergency situation" on a Spirit Airlines flight initially headed from North Texas to Hartsfield-Jackson Atlanta International Airport in Georgia. According to Misty ...
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Holiday spirit is in short supply at a cautious eBay The Times (subscription)
The online retailer and auctioneer eBay reported improved profits last night, thanks largely to greater use of its PayPal payments processor and higher transaction revenue from its websites. The company warned, though, that its outlook for the Christmas ...
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Mid-Morning Market Update: Markets Rise; Bank of America Posts Higher Profit NASDAQ
Following the market opening Wednesday, the Dow traded up 1.04 percent to 15,326.24 while the NASDAQ surged 0.99 percent to 3,831.43. The S&P also rose, gaining 1.05 percent to 1,715.81. Top Headline Bank of America (NYSE: BAC ) reported a rise in ...
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Natural Gas Vehicle Training Courses Set for December in WI NGT News
The Natural Gas Vehicle Institute (NGVi) is hold two training seminars related to compressed natural gas (CNG) vehicles in Wisconsin from Dec. 3-5. Convening in Kenosha, Wis., on Dec. 3 is the one-day, introductory Technician & Fleet Operations Safety ...
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Better job figures could see Band of England increase interest rates Irish Independent
UK jobs numbers due today looks set to reinforce speculation that unemployment is falling to levels where the Bank of England (BoE) could start to hike interest rates. Also in this section. UK and China sign deal for pound-yuan trading · Burberry chief swaps ...
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Spotlight on economy: Fed's Beige Book, home builder index MarketWatch (blog)
The Federal Reserve's latest update on the economy and an index that measures the health of the U.S. housing industry offer Wall Street a brief respite from the political wars in Washington. The Fed's Beige Book, released Wednesday afternoon, gives a ...
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Home prices holding at post-recession highs, DataQuick says OCRegister (subscription)
Orange County home prices held at post-recession highs last month despite rising numbers of homes for sale, new housing numbers show. The median price of an Orange County home – or price at the midpoint of all sales – was $550,000 in September, ...
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CFPB Clarifies Servicing Rules Mortgage Daily
The Consumer Financial Protection Bureau has clarified several issues related to its mortgage servicing rules including the handling of deceased borrower loans, contact with delinquent borrowers and communication with bankrupt borrowers. On Tuesday ...
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Flash: Fed Beige Book more significant - Nomura FXstreet.com
"We expect the Fed Beige Book, prepared for the 29-30 October Federal Open Market Committee (FOMC) meeting, to help describe the current state of economic activity". "Since the previous Beige Book published for the 17-18 September FOMC meeting, ...
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AFP

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