Oct 24, 2013

Google Alert - Business News

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Ex-NPR CEO Vivian Schiller joins Twitter USA TODAY
Vivian Schiller, who left NPR abruptly two years ago, is joining Twitter in January as the head of news partnerships. As it should be, Twitter made the announcement in a tweet Thursday, noting it was "thrilled." Schiller then tweeted to her 6,700 some followers: ...
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Samsung Electronics apologises to Chinese consumers BBC News
Samsung Electronics has apologised to Chinese consumers after a report carried on China's state TV claimed some of its phones were malfunctioning. The report alleged the phones were crashing due to faulty memory chips and criticised its repair policies.
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Families Blocked by Investors From Buying U.S. Homes Bloomberg
Home purchases by institutional buyers reached a record high in September and all-cash buyers accounted for almost half of sales as investors responded to rising demand from renters. Institutional purchases accounted for 14 percent of sales, according to a ...
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Japan Price Gauge Stops Slide as Abe Drives Economic Pick-Up (2) Businessweek
Women browse clothing outside a Takatomi store in the Ginza area of Tokyo. Higher energy costs and a yen down about 11 percent against the dollar this year are driving the price gains, rather than the stronger domestic demand that Abe needs for a ...
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Amazon's sales top Wall Street's expectations Washington Post
Amazon.com posted a narrower quarterly loss and better-than-expected sales on Thursday as the company expanded aggressively in the United States and made inroads into overseas markets, sending its shares up more than 8 percent in after-hours trading ...
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GLOBAL MARKETS-Japanese stocks fall, dollar hemmed in near 2-yr low vs euro Reuters
Fri Oct 25, 2013 7:05am IST. * Seoul shares drop 0.5 pct, Tokyo's Nikkei down 0.9 pct. * Dollar near 2-year low vs euro, 2-weak low vs yen. By Dominic Lau. TOKYO, Oct 25 (Reuters) - A stronger yen depressed Japanese stocks on Friday, while the dollar was ...
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Contractors Assign Blame, but Admit No Faults of Their Own, in Health Site New York Times
WASHINGTON — Contractors that built President Obama's health insurance marketplace point fingers at one another and at the government, but each insists that it is not responsible for the problems that infuriated millions of Americans trying to buy insurance ...
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Samsung's profit up 26 percent on memory chip, smartphone sales PCWorld
Samsung Electronics' net profit in the third quarter was up 25.6 percent year-over-year on record revenue driven by sales of its memory chips and smartphone products. The South Korean electronics giant reported Friday a net profit of 8.24 trillion won (US$7.8 ...
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AFP
JPMorgan Faces Possible Penalty in Madoff Case New York Times
Bernard L. Madoff, whose Ponzi scheme reaped billions from investors, was a JPMorgan Mario Tama/Getty Images Bernard L. Madoff, whose Ponzi scheme reaped billions from investors, was a JPMorgan client. Federal authorities are preparing to take action ...
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Credit Suisse revamps rate trading after income slide Reuters
ZURICH | Thu Oct 24, 2013 10:35am IST. ZURICH Oct 24 (Reuters) - Credit Suisse said it would restructure its interest rate trading activities following a third-quarter slide in revenue at its investment bank. The Swiss bank said overall net profit rose on the year ...
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Japan consumer prices rise for 4th straight month Businessweek
TOKYO (AP) — Japan's consumer prices rose in September for the fourth straight month, mostly on higher energy prices, the government reported Friday. The core consumer price index, which excludes food, was up 0.7 percent, compared with 0.8 percent in ...
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Health Law Fails to Keep Prices Low in Rural Areas New York Times
As technical failures bedevil the rollout of President Obama's health care law, evidence is emerging that one of the program's loftiest goals — to encourage competition among insurers in an effort to keep costs low — is falling short for many rural Americans.
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Unilever announces 3rd Quarter Results 2013 Wall Street Journal
UNILEVER TRADING STATEMENT THIRD QUARTER 2013 GOOD PROGRESS IN SLOWER MARKETS Nine months highlights * Underlying sales growth 4.4% with emerging markets up 8.8% * Underlying volume growth 2.4% ahead of our markets and ...
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American captain, engineer kidnapped by pirates off coast of Nigeria Fox News
Pirates have attacked a US-flagged oil platform supply vessel off the coast of Nigeria and kidnapped the captain and chief engineer, who are both Americans. The attack on the C-Retriever ship, which is owned by Louisiana-based Edison Chouest Offshore, ...
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NQ Mobile Plunges As Muddy Waters Charges 'Fraud' Investor's Business Daily
(Update: In an emailed statement, Matt Mathison, an NQ vice president, said the company would "respond completely and aggressively against these baseless and false accusations" and would put out a full statement as soon as possible. NQ stock was down ...
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Forrestal, Navy's 1st 'supercarrier,' changes hands in one-cent transaction Stars and Stripes
The USS Forrestal is seen at sea May 31, 1962, preparing for a fifth deployment to the Mediterranean Sea. U.S. Navy. This story has been corrected. The USS Forrestal, a decommissioned aircraft carrier aboard which more than 130 sailors died amid a series ...
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Jobless claims fall to 350K; 4-week average up USA TODAY
WASHINGTON — The number of Americans seeking unemployment benefits dropped 12,000 to a seasonally adjusted 350,000 last week, though the total was elevated for the third straight week by technical problems in California. The Labor Department said ...
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AFP
Asian stocks down after weak US earnings Kansas City Star
KUALA LUMPUR, Malaysia — An improvement in Chinese manufacturing wasn't enough to boost Asian stock markets Thursday after Wall Street fell on disappointing corporate earnings and jitters continued about tighter credit in China. Koji Sasahara | AP ...
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Import Prices Rose Slightly in September New York Times
WASHINGTON — American import prices rose for a second month in September as the cost of petroleum increased, but there was no sign of a buildup in imported inflation pressures. Import prices rose 0.2 percent last month after a revised 0.2 percent gain in ...
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Average US mortgage rates this week and for the past year, at a glance Washington Post
Average U.S. rates on fixed mortgages dropped this week to their lowest levels in four months. Here's a look at rates for fixed and adjustable mortgages this week and over the past year: More business news ...
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Zynga Earnings Preview: Update On Strategic Initiatives Is More Important Than ... Trefis
Investors will be keen to know of Zynga's (NASDAQ:ZNGA) revival strategy as the company releases its Q3 2013 earnings on October 24. Last quarter was disappointing as the social gaming giant's web bookings fell by 44% as compared to the same period a ...
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Nine-month profit at Spain's Santander up 77 pct Reuters
MADRID | Thu Oct 24, 2013 2:16am EDT. MADRID Oct 24 (Reuters) - Santander, the euro zone's biggest bank, on Thursday posted net profit of 3.3 billion euros ($4.5 billion) for the nine months to September, up 77 percent from a year ago when it had to put ...
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US drug distributor McKesson launches takeover of German rival Celesio, to buy ... Washington Post
BERLIN — American pharmaceutical distributor McKesson Corp. has launched a takeover of German competitor Celesio AG, signing an agreement to take a majority stake and making an offer to other shareholders. Celesio said the two companies sealed a ...
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Ex-Madoff Aide Said to Have Written His Own Bonus Checks Bloomberg
(Corrects spelling of consultant's name in second paragraph.) A former employee of Bernard Madoff on trial for allegedly aiding the con man's $17 billion fraud said he wrote corporate checks to himself for tens of thousands of dollars as a secret "bonus" from ...
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Pound Falls to 7-Week Low Versus Euro as BOE Rejects Rate Rise Bloomberg
The pound fell to the lowest level in seven weeks against the euro as the Bank of England said policy makers were unanimous in rejecting higher interest rates, damping demand for Britain's currency. Sterling weakened versus 10 of its 16 major peers.
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The freelancer's guide to Obamacare MarketWatch
After years of choosing between sky-high premiums and going without any health coverage, millions of freelancers will benefit from the Affordable Care Act because of expanded eligibility requirements, new public insurance exchanges and improvements to ...
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Comply365 Signs Multi-Contract With Southwest Airlines MarketWatch
BELOIT, WI, Oct 23, 2013 (Marketwired via COMTEX) -- Comply365 is pleased to announce Southwest Airlines (NYSE:LUV) signed a contract to use its innovative and easy-to-use mobile productivity suite. Southwest employees now have instant access to ...
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Reserve Bank of Australia Feels the Fed's Pain Wall Street Journal
It's upside-down economics in Australia, where the government is bailing out the central bank rather than the other way around. And the U.S. Federal Reserve is partly to blame. Australia's Treasury said Wednesday it's injecting 8.8 billion Australian dollars ...
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Ford Must Avoid Road Hazards to Reach $30 TheStreet.com
NEW YORK (TheStreet) -- There was a point earlier this year when the Street was completely in awe about what Alan Mulally has done to turn around the fortunes of Ford (F), which, until his arrival, had struggled to execute. Impressively, in only the first seven ...
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Many middle-class Americans plan to work until they die CNN
Many middle-class workers plan to work throughout their old age, according to a recent Wells Fargo survey. NEW YORK (CNNMoney). A growing percentage of middle-class Americans say they have saved so little for retirement that they expect to work into ...
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New Zealand Trade Deficit Narrows Sharply in September NASDAQ
WELLINGTON, New Zealand--New Zealand's trade deficit narrowed sharply in September, partly due to a rise in dairy exports as well as the lack of large capital imports. The country recorded a 199 million New Zealand dollar (US$168 million) goods, ...
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Shutdown fear grows at Lazard Capital New York Post
Lazard Capital Management employees are fuming as the beleaguered brokerage firm fights rumors of a shutdown. The closely held New York company denies it's closing up shop, but staffers said recent management moves tell a different story. "To say ...
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Are You Exempt from the Affordable Care Act Law? KCOY.com
SAN LUIS OBISPO COUNTY, Calif- Just because you've bought your own health insurance in the past doesn't mean you're exempt from penalties in the new Affordable Care Act. Letters have been going out informing many people who have bought ...
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NPR
NY Times: Time Warner Cable Agrees To Carry Al Jazeera America NY1
According to the New York Times, Time Warner Cable and Brighthouse Networks have come to an agreement to carry the network. As a result, the channel will be made available to some 55 million homes over the next few months. Time Warner Executive ...
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NY1
Instagram to put ad content on Facebook Inc (NASDAQ:FB) USTrade Voice
Facebook Inc (NASDAQ:FB) is one of the most popular social networking website which is being used by a lot of people around the world. It is also considered to be an effective platform for the people to do advertising. Facebook owned video and picture ...
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Here's how CGI holds on to government work Washington Post (blog)
CGI Federal landed the Healthcare.gov contract. Here's how it fights for the ones it loses. By Lydia DePillis, Published: October 23 at 9:15 amE-mail the writer · Comments · Tweet. More. submit to reddit. CGI Federal, arguably the key contractor behind the ...
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DeNA West Promotes CFO Shintaro Asako to CEO as Clive Downie Resigns AllThingsD
Clive Downie has stepped down as CEO of DeNA West, according to a company press release. He will be replaced by current CFO Shintaro Asako. Downie assumed the leadership role nearly a year ago, after the resignation of Ngmoco founder Neil Young.
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Stocks Give Back Ground Following Recent Upward Trend - U.S. Commentary RTT News
After coming under pressure in early trading on Wednesday, stocks remained stuck in the red throughout the trading session. The losses on the day partly offset the strong gains posted over the past few sessions. The major averages ended the day firmly in ...
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