Shutdown cost billions in wages, shopping and more USA TODAY The 16-day government shutdown cost the economy jobs, delayed mortgages and lost retail sales — at least $12 billion worth, and maybe as much as $24 billion. As federal workers returned to work Thursday, statisticians and business people began toting ... | |
An Ale Admired, Now Owned New York Times As European interest in American craft beers begins to mirror the mania for them stateside, the Duvel Moortgat Brewery of Belgium on Thursday announced a deal to buy the Boulevard Brewing Company, a craft brewery in Kansas City, Mo. | |
China GDP hits 7.8% amid credit concerns CNN China's economy powered ahead in the third quarter, taking some pressure off the country's leaders as they seek to execute painful structural reforms. Gross domestic product grew 7.8% over the previous year during the third quarter, the National Bureau of ... | |
China warns of slowing demand from emerging markets Reuters BEIJING | Thu Oct 17, 2013 1:01am EDT. BEIJING (Reuters) - China's exporters face a difficult time in coming months as demand from emerging markets slows, the Chinese trade ministry warned on Thursday after the latest trade data showed sales to ... | |
Asian markets hail 11th-hour deal to avert US default Reuters By Ian Chua. SYDNEY | Thu Oct 17, 2013 2:07am EDT. SYDNEY (Reuters) - Share markets from Australia to Japan drove their indexes to levels not seen in weeks after legislators produced a last-minute deal to lift the U.S. government's borrowing limit and ... | |
Shutdown deal averts catastrophe but leaves economy in peril Washington Post The deal reached by Congress on Wednesday to end the government shutdown and raise the debt ceiling averts a financial catastrophe but leaves the weakened U.S. economy facing new threats. The agreement will send about 450,000 federal employees ... | |
Alarm bells ring over China's debt problem CNN Local governments in China, like Anhui province, have been borrowing too much in recent years. HONG KONG (CNNMoney). There's no denying it: China's got a debt problem. The world's second-largest economy is struggling to contain growing local ... | |
Roche confirms outlook as new cancer drugs gain momentum Reuters ZURICH | Thu Oct 17, 2013 2:00am EDT. ZURICH (Reuters) - Swiss drugmaker Roche Holding AG posted an 8 percent rise in third-quarter sales and confirmed its outlook for rising sales and profit this year as its new breast cancer drugs picked up momentum ... | |
Tea party activists call bipartisan deal a capitulation, say they are unbowed Washington Post The bipartisan Senate deal to end the government's fiscal impasse was roundly condemned Wednesday by tea party leaders around the country, who accused Republican lawmakers of capitulating to President Obama and his Democratic allies in Congress. | |
More than 40 percent of YouTube traffic is now from mobile PCWorld YouTube's presence on mobile devices has exploded in the past couple of years, Google said on Thursday. In 2011, just 6 percent of traffic for the Google-owned video service came from mobile devices, but the figure is now 41 percent, CEO Larry Page said ... | |
Corruption watchdog slams Chinese firms' lack of transparency Reuters By Stephen Brown. BERLIN | Thu Oct 17, 2013 1:36am EDT. BERLIN (Reuters) - The anti-corruption watchdog Transparency International has admonished Chinese companies for their opaque business practices while praising Indian firms' relatively high ... | |
Home Flippers Swim Upstream To Luxury Level Investor's Business Daily It's official: After plowing through bargain inventory in home markets that crashed the hardest after the housing bust, house flippers have moved upmarket. According to a report Thursday morning from RealtyTrac, real estate investors flipped 34% more homes ... | |
North Dakota lawsuits seek damages for burned, wasted gas Bismarck Tribune Ten class-action lawsuits filed Wednesday seek millions of dollars in damages for what they say are lost royalty payments to mineral owners from natural gas flared by energy companies. The mineral owners allege the companies have been flaring natural ... | |
Yields Dive To 2-Month Low As Talk Of Tapering Tapers Investor's Business Daily Treasury 10-year-note yields fell to the lowest level in two months on speculation that the Federal Reserve will maintain its bond-buying program into next year after the government shutdown weighed on economic growth. U.S. debt advanced the most in a ... | |
Developments At Apple And Samsung Promise New Brand Ethos For ... Forbes Two very different developments at Apple Apple and Samsung point to possible changes in the design ethos of smartphones and changes in strategy up ahead. As Clare O'Connor pointed out here on Forbes, Apple's hire of Burberry chief Angela Ahrendts ... | |
Verizon Q3 Beats; Wireless Margins Up On Tight iPhone Supply VZ Investor's Business Daily Verizon Communications (VZ) early Thursday reported Q3 EPS and revenue that topped Wall Street expectations, sending Verizon stock rising. Verizon, which has agreed to buy out Vodafone Group's (VZ) stake in their U.S. wireless joint venture Verizon ... | |
Areva Said Ready to Join Group Building UK Nuclear Power Plant Bloomberg Areva SA (AREVA), France's state-owned reactor builder, plans to join the group constructing the U.K.'s first nuclear power plant since 1995, three people with knowledge of the matter said. Areva will take a stake in the Hinkley Point project from Electricite de ... | |
Nasdaq, S&P 500 Go Green But IBM Weighs On Blue-Chip Index IBM Investor's Business Daily A weak open, at least for the Dow Jones industrial average Thursday, turned into a mixed performance for stocks. The resilient performance was good to see in light of the S&P 500's follow-through day Wednesday, which confirmed a new uptrend. IBM (IBM) ... | |
BBVA Sells $1.3 Billion China Citic Bank Stake, Boosting Capital Bloomberg Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain's second-biggest bank by market value, sold a stake in China Citic Bank Corp. (998) for 944 million euros ($1.3 billion) as it prepares to meet international capital requirements. BBVA sold a 5.1 percent ... | |
Blackstone Says Third-Quarter Profit Rose 3% on Performance Fees Bloomberg Blackstone Group LP (BX), the world's biggest manager of alternative assets such as private equity and real estate, said third-quarter profit rose 3 percent as the carrying value of its holdings gained. Economic net income, a measure of earnings excluding ... | |
Relief around world as US lawmakers reach agreement to avoid default, reopen ... Washington Post BEIJING — Political leaders, investors and ordinary people Thursday welcomed the end of a U.S. government shutdown but already were looking ahead to the next round of a budget battle that brought the world's biggest economy close to default and ... | |
Treasuries Advance as Lawmakers Reach Tentative Fiscal Agreement Bloomberg Rates on Treasury bills tumbled and yields on government notes and bonds fell as lawmakers reached a tentative agreement to raise the nation's borrowing capacity and remove the risk of default. Rates on $120 billion of bills maturing tomorrow, when ... | |
U.S. Shoppers to Cut Holiday Budgets by 2% Amid Shutdown Concern Bloomberg U.S. shoppers will trim their holiday budgets by about two percent as they wait to see how the government shutdown and fiscal impasse will affect the economy, according to the National Retail Federation. The average American will spend $737.95 this year ... | |
Stock Futures Point Lower; Goldman Sachs, IBM, Ebay Slide Investor's Business Daily Stock futures slumped, shadowing a sharp drop in the dollar early Thursday, after federal lawmakers cobbled together a last-minute agreement to temporarily restart the government and suspend the debt ceiling. Dow futures pointed 62 points lower. S&P 500 ... | |
Heard on the Street: Shutting the Fed's Taper Plans Wall Street Journal There will be no tapering over the months of uncertainty the Federal Reserve faces after Washington's budget fight. Economists are hopeful Washington's shenanigans of the past few weeks have landed no more than a glancing blow on the U.S. economy. | |
Give Verizon Credit Where Credit Is Due Wall Street Journal "How will you be paying for that?" Corporate executives these days are rushing to whip out their credit cards, but their shareholders can be skittish. Consider Verizon Communications Inc. Investors are likely to be pleased with its third-quarter earnings ... | |
Google Earnings Preview: Growth In Ad Revenue And Motorola Mobility In Focus Forbes Google is set to release its Q3 2013 earnings on Thursday, October 17. While the company continues to innovate and introduce new products and services, the revenue growth in its core ads is slowing down. This has forced the company to look at other ... | |
HSBC hit with $2.46-bln judgment in US class action Reuters Thu Oct 17, 2013 2:30pm EDT. Oct 17 (Reuters) - A unit of British bank HSBC Holdings Plc was hit with a record $2.46 billion final judgment in a U.S. securities class action lawsuit against its unit, formerly known as Household International Inc. The judgment ... | |
EPS Estimates for Las Vegas Sands (LVS) Improved In Last Month Forbes Leading up to Las Vegas Sands Las Vegas Sands' announcement of its third quarter earnings on Thursday, October 17, 2013, analysts have become more bullish as expectations have improved over the past month from 73 cents per share to the current ... | |
UnitedHealth earnings: A peek at things to come CNBC.com UnitedHealth Group, the nation's largest health insurer, kicks off third-quarter earnings reports for the major carriers. For investors, a big focus this earnings season will be the industry's strategy when it comes to the major government health-care programs, ... | |
UK employment rises to new peak of 29.87m Financial Times David Cameron and Ed Miliband clashed over living standards on Wednesday after a positive set of labour market data were marred by a severe squeeze on average earnings. Employment rose by 155,000 to a new peak of 29.87m in the three months to ... | |
Should You Buy a Home Now or Pay More Later? Forbes A laundry list of economic issues, including inflation, consumer credit, and rising home prices has the U.S. housing market on the way to making a clean break from the days of the 3.50%, 30-year fixed-rate mortgage for the foreseeable future. With mortgage ... | |
Democratic members of Congress urge Obama, DOJ to allow US Airways merger News & Observer A US Airways plane is parked between two American Airlines planes, one bearing the new logo, (far left), and the old logo (far right). American Airlines CEO Tom Horton and US Airways CEO Doug Parker announced the merger of the two airlines during a ... | |
Earnings Preview: Goldman Sachs Q3 2013 – The Goldman Sachs Group Inc ... Jutia Group [at Seeking Alpha] – By Brendan Gilmartin Goldman Sachs ( GS ) is scheduled to report 3Q2013 earnings before the opening bell on Thursday, October 17. The firm indicated it would provide a press release at 7:30 a.m. EST and … Read more on this. | |
Delta alleges fraudulent scheme to sell travel club memberships Atlanta Business Chronicle Delta Air Lines Inc. says a ring of criminals is using its name to sell bogus travel club memberships. In a lawsuit filed Oct. 11 in federal court in Atlanta, Delta says those involved in the scheme have mailed out "massive" numbers of letters and postcards falsely ... | |
State unemployment data to be delayed Rapid City Journal The end of the government shutdown won't come soon enough to keep keep the reporting of unemployment figures on schedule. The Nebraska Department of Labor said Wednesday that because of the shutdown it will not be releasing monthly state and ... | |
Two Sigma favourite to buy SAC reinsurer The Insurance Insider (subscription) Hedge Fund Two Sigma has emerged as the frontrunner to take over SAC Capital's stake in the Bermudian reinsurer it founded last year, The Insurance Insider can reveal. According to sources, the New York-headquartered quant fund is in exclusive talks ... | |
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