Oct 18, 2013

Google Alert - Business News

News 30 new results for Business News
Occidental Petroleum to sell stakes in Middle East, North Africa Los Angeles Times
Occidental Petroleum Corp. is selling off stakes in Middle East and North Africa oil fields along with other assets in an effort to boost value for shareholders. The Westwood oil and gas giant said those decisions come as part of a push to streamline operations ...
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Brightstar Founder Marcelo Claure Close To $1 Billion Net Worth With Softbank ... Forbes
Softbank's purchase of a majority stake of Brightstar announced Friday pushes Marcelo Claure, founder of the Miami-based wireless distributor, very close to billionaire status. Softbank is paying $1.26 billion for a 57% stake, the companies announced today.
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Cuban Entrepreneurs Gird for Ban on Import Sales ABC News
You can find just about anything at El Curita marketplace in gritty central Havana. Hundreds of entrepreneurs hawk all manner of goods at this bustling bazaar, from watches, shampoos and facial creams to neon-colored tube tops and the striped FC ...
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Illinois Supreme Court strikes down 'Amazon tax' Chicago Tribune
An Illinois law aimed at leveling competition between online and brick-and-mortar retailers while collecting more state sales taxes is unconstitutional, the state supreme court ruled Friday, upholding a Cook County judge's decision. The opinion is another shot ...
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Report: Venture Investments Rose 17 Pct in 3Q ABC News
A new report says funding for U.S. startups rose in the third quarter from year-ago levels, as venture capitalists poured money into a growing number of fledging software companies. According to the report released Friday, total investments in startups rose 17 ...
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Obamacare glitches: Govt contract for troubled site swells CNBC.com
The government contract for the company that built the glitch-prone website for Obamacare has ballooned to three times its original cost, and some Republicans are demanding the resignation of the cabinet secretary who oversees it. Since its launch, on Oct.
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If You Like a Star Athlete, Now You Can Buy a Share New York Times
A start-up will allow investors to buy an interest in a stock linked to Eric Gay/Associated Press A start-up will allow investors to buy an interest in a stock linked to Arian Foster's future economic success. Updated, 8:48 p.m. | First, there was old-fashioned ...
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Michael Jordan's Home Heads to Auction Wall Street Journal
Michael Jordan is auctioning off his 56,000-square-foot compound in a Chicago suburb. He first put the home on the market in February 2012 for $29 million, but earlier this year lowered the price to $21 million.
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Tesla Tops California Green-Car Credit Sales in Past Year Bloomberg
Tesla via Bloomberg. A Tesla Model S is shown in this undated handout photo released to the media on Oct. 31, 2012. The all-electric car comes with an 85-kilowatt-per-hour lithium-ion battery pack. Tesla Motors Inc. (TSLA), the electric-car maker led by Elon ...
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Journal Ordered Not to Divulge Libor Names Wall Street Journal
LONDON—British prosecutors on Thursday obtained a court order prohibiting The Wall Street Journal from publishing names of individuals the government planned to implicate in a criminal-fraud case alleging a scheme to manipulate benchmark interest ...
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JPMorgan said to settle claims Investor's Business Daily
The top U.S. bank by revenue reached a tentative agreement to pay about $4 bil to settle claims it misled mortgage backer Fannie Mae and Freddie Mac about the quality of mortgage loans, various reports said, citing unnamed sources. That would be less ...
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GLOBAL MARKETS-Asian shares hit 5-mth high on US relief, China data; dlr ... Reuters
Fri Oct 18, 2013 11:28am IST. * China Q3 growth quickens to 7.8 pct yr/yr. * Asian shares up, Australian stocks hit 5-yr high. * Focus turns to Fed after government shutdown. * Euro hovers near 8-month high vs dollar. By Dominic Lau. TOKYO, Oct 18 (Reuters) ...
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RPT-INSIGHT-As Obamacare tech woes mounted, contractor payments soared Reuters
Thu Oct 17, 2013 6:59am EDT. (Repeats to widen distribution). By Sharon Begley. NEW YORK Oct 17 (Reuters) - As U.S. officials warned that the technology behind Obamacare might not be ready to launch on Oct. 1, the administration was pouring tens of ...
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Asian Stocks Advance as Chinese Economy Grows Faster Bloomberg
Asian stocks rose, with the regional benchmark index rising to its highest level since May 21, as China reported growth accelerated, boosting the outlook for the global economy. Sands China Ltd. jumped 9.2 percent to a record in Hong Kong after the Macau ...
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US Stocks Drop as Investors Turn Attention to Earnings Wall Street Journal
U.S. stocks dropped as investors turned attention toward lackluster blue-chip earnings reports after the government passed a temporary deal to avert default. The Dow Jones Industrial Average dropped 75 points, or 0.5%, to 15298 in midmorning trade.
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Fed's Evans Sees QE Tapering Postponed After Data Shutdown Bloomberg
Federal Reserve Bank of Chicago President Charles Evans, an outspoken advocate of pressing on with Fed stimulus, said the central bank should not begin reducing the pace of asset purchases as the data used to gauge the economy's health stopped ...
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Activist investors demand Murdoch give up Fox chairmanship Los Angeles Times
Rupert Murdoch's media company's annual meeting has become a fall classic. Each year, pension funds, activist investors and proxy advisory firms demand that Murdoch -- who serves as both chairman of the board and chief executive -- loosen his grip on ...
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Stephen Harper signs EU trade deal in Brussels CBC.ca
Canadian beef producers have been assured they will have the ability to export close to 70,000 tonnes of beef to the European Union under a new free-trade deal being unveiled Friday in Brussels. The quota is almost twice the 40,000-tonne number former ...
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JC Penney to open Thanksgiving as it tries to get back in the game Washington Post
NEW YORK — J.C. Penney is opening its doors on Thanksgiving evening to kick off the holiday shopping season, as the beleaguered retailer hopes to get back in the game for the crucial selling period. The Plano, Texas-based chain will open most of its ...
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Ariad Pharma shares make modest recovery Businessweek
NEW YORK (AP) — Shares of Ariad Pharmaceuticals moved higher Thursday after a JPMorgan analyst said physicians may not be that concerned about recently disclosed side effects of Ariad's cancer pill Iclusig. THE SPARK: Analyst Cory Kasimov said ...
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House panel questions firms paid $$ for troubled ObamaCare website Fox News
A House committee is probing the widespread technical problems with the launch of the ObamaCare website, including the contractors that were paid hundreds of millions of dollars to create it. The House Energy and Commerce Committee announced ...
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China not impressed by US debt deal CNN
The Congressional vote to avoid a debt default did not win positive reviews from China. NEW YORK (CNNMoney). America's largest overseas creditor wasn't exactly blown away by the deal Congress struck to avoid a potential default. "[P]oliticians in ...
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General Electric (GE) Q3 2013 Earnings Preview: Profits Could Shift Away From ... International Business Times
Industrial giant General Electric Company (NYSE:GE) is likely to report another mediocre round of earnings, as its industrial business picks up only toward the end of 2013 and early 2014. The conglomerate, which is based in Fairfield, Conn., will report results ...
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UK Stocks-Factors to watch on Friday Reuters
Fri Oct 18, 2013 12:03pm IST. LONDON Oct 18 (Reuters) - Britain's FTSE 100 index is seen opening 29 to 31 points higher, or up by as much as 0.5 percent, on Friday, according to financial bookmakers. For more on the factors affecting European stocks, ...
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AFP
Will Morgan Stanley upstage Goldman Sachs in 3Q earnings? Fox Business
GOLDMAN IS GENERALLY CONSIDERED THE KING OF THE CROP, THE CROWN JEWEL, THE BIG INVESTMENT BANK. THE ENVY OF WALL STREET. THE ENVY OF MORGAN STANLEY FOR MANY YEARS. IT STRUGGLED A LITTLE BIT WITH FIXED ...
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Report: 25000 Mainers fall into Obamacare coverage gap Bangor Daily News
About 25,000 poor and uninsured Mainers will miss out on health insurance under the Affordable Care Act because the state refused to expand Medicaid, according to a national study released Wednesday by the Kaiser Family Foundation. Those individuals ...
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Bank of Japan to extend loan facilities to make banks create more credit: Sources Economic Times
The Bank of Japan is preparing a plan to extend three special loan facilities that have backed more than $81 billion in lending over the past three years. ET SPECIAL: Save precious time tracking your investments. TOKYO: The Bank of Japan is preparing a ...
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Twitter reportedly kicking off roadshow Oct. 25 Computerworld
Computerworld - Twitter reportedly is getting ready to begin its IPO roadshow on Oct. 28 and then begin trading on Nov. 15. The company is set to hit the road and meet with high-level prospective investors, including Goldman Sachs, Morgan Stanley and ...
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Key earnings reports fill calendar optionMONSTER Research
There are no economic reports on tap today, though several major companies will report earnings. General Electric, Morgan Stanley, Honeywell, Schlumberger, Baker Hughes, and SunTrust Banks all issue results before the opening bell. China also ...
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What to watch: Will Google join the $1000 club? W*USA 9
The Internet company showed again late Thursday just how lucrative its business of collecting and selling consumers' personal data to the highest bidder has become. Those surging profits arepowering Google's stock to levels not seen by many companies.
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