Oct 3, 2013

Google Alert - Business News

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Europe Threatens Gazprom With Antitrust Action New York Times
The European Union's top antitrust enforcer on Thursday threatened to formally charge the Russian natural gas giant Gazprom with restricting trade and price gouging, raising the stakes in a two-year investigation that has already created tensions with ...
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Appeals court gives BP a settlement dispute win USA TODAY
NEW ORLEANS (AP) — A federal appeals court gave new life Wednesday to oil giant BP's claims that a judge's interpretation of a settlement after the 2010 Gulf of Mexico oil spill could force the company to pay billions of dollars for bogus or inflated claims by ...
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Samsung Profit Beats Estimates on Cheaper Smartphones Bloomberg
Samsung Electronics Co. (005930), the world's biggest maker of smartphones, posted record profit that beat estimates as sales of cheaper handsets in emerging markets cushioned the impact of slowing demand for high-end devices. Operating profit rose to ...
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US retail group expects slightly brighter holiday season sales Reuters
Thu Oct 3, 2013 9:30am IST. * NRF sees Nov-Dec sales up 3.9 pct vs 3.5 pct in 2012. * Government shutdown not an issue for most consumers - NRF. * Online sales seen up 13-15 pct vs 11.1 pct in 2012. By Jessica Wohl. Oct 3 (Reuters) - U.S. retail sales ...
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Idaho aims to make gay couples recalculate taxes Businessweek
BOISE, Idaho (AP) — Idaho announced rules Thursday requiring same-sex couples who are legally married elsewhere but live in Idaho to recalculate their federal taxes as singles before filing their state taxes, potentially forcing them to do more paperwork ...
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Data, credit card numbers for 2.9 million Adobe users stolen Los Angeles Times
Adobe announced Thursday that it was the victim of a hack and that personal data for 2.9 million users were stolen. The software company, known for Photoshop and other programs, said cyber attackers were able to access user information, including account ...
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Stocks Fall on Third Day of Government Shutdown ABC News
The stock market sank to its lowest level in nearly a month Thursday as a partial U.S. government shutdown dragged into a third day. President Barack Obama and Congressional leaders spoke late Wednesday but the meeting appeared only to harden their ...
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U.S. Stocks Fall on Services Data Amid Third Day of Shutdown San Francisco Chronicle
Oct. 3 (Bloomberg) -- U.S. stocks fell, sending the Dow Jones Industrial Average to its lowest in three weeks, as data showed weaker-than-forecast growth in service industries while lawmakers made little progress on ending the shutdown. Eli Lilly Co. dropped ...
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Overflowing tank cause of new leak at Fukushima Houston Chronicle
TOKYO (AP) — Another day, another radioactive-water spill. The operator of the meltdown-plagued Fukushima Dai-ichi nuclear plant says at least 430 liters (110 gallons) spilled when workers overfilled a storage tank that lacked a gauge that could have ...
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Futures Weighed Down by Shutdown of US Government ABC News
Stock futures are falling as the partial shutdown of the U.S. government drags on for a third day. Dow Jones industrial futures are down 32 points to 14,993. S&P futures have lost 4.8 points to 1,678.30. Nasdaq futures are down 4.75 points to 3,232.75.
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UPDATE 1-HTC posts first-ever quarterly losses as troubles multiply Reuters
Fri Oct 4, 2013 7:10am IST. * HTC Q3 net loss T$2.97 bln vs consensus of T$1.8 bln. * Revenue slid by a third in the latest quarter. * HTC hit by competition, supply chain woes, internal feuds. By Michael Gold and Faith Hung. TAIPEI, Oct 4 (Reuters) - Taiwan's ...
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Investor Cuts Risk of Short on Herbalife Wall Street Journal
Activist hedge-fund manager William Ackman has restructured his big bet against Herbalife Ltd. to protect against further paper losses, he told investors in a new letter Wednesday. Mr. Ackman said he wanted to mitigate his firm's risks while still providing for ...
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Covered California: 4 levels of coverage abc7.com
LOS ANGELES (KABC) -- There are four levels of health insurance available through the new health care marketplace called Covered California: bronze, silver, gold and platinum. Covered California: What you need to know. That coverage is for individuals, ...
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Mounting Wall Street fears of US default Financial Times
Wall Street leaders expressed mounting fears on Wednesday over the prospect of the first default by the US of its debt obligations as the impasse continued on Capitol Hill on the second day of the government showdown. "There is precedent for a government ...
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Psilos Partner Sees Opportunity in ObamaCare Exchanges Wall Street Journal
The state and federal health-insurance exchanges central to ObamaCare have been getting a bad rap this week, as millions of consumers flocking to websites have caused crashes and delays. But when the dust settles, the exchanges will present ...
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Oil Jumps on Bets That Pipeline Cuts the Glut Wall Street Journal
U.S. oil prices rose 2% Wednesday, the biggest jump in two weeks, as traders and investors bet that the opening of a new pipeline will help alleviate a glut of crude in the Midwest. Investors, traders and analysts in recent weeks have been focused on the race ...
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Stocks: Fooled Again Wall Street Journal
Stocks plummeted Tuesday as the U.S. government shut down. The Dow Jones Industrial Average plummeted 278 points as investors dumped stocks in favor of gold and U.S. Treasurys. Gold surged $105.50 an ounce while yields on the 10-year Treasury ...
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Twitter to Release IPO Documents in Coming Days Fox Business
Twitter officials are expected to release corporate documents in the coming days that will provide further details of their upcoming initial public offering likely to be sold sometime in November, people close to the deal tell FOX Business Network. On Sept.
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US Mortgage Application Volume Slips 0.4% in Latest Week -- MBA Wall Street Journal
The number of mortgage applications filed slipped 0.4% in the week ended Sept. 27 from the prior week on a seasonally adjusted basis while interest rates fell to their lowest level since June, the Mortgage Bankers Association said Wednesday.
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Jobs report could be delayed amid government shutdown CNNMoney
The Bureau of Labor Statistics probably won't have the manpower to issue its key monthly jobs report this Friday. Only 3 of its 2,400 employees are working during the government shutdown. NEW YORK (CNNMoney) ...
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Citigroup to pay state $30m over analyst leak Boston Globe
Citigroup Global Markets Inc. will pay $30 million to Massachusetts to settle charges a company analyst improperly shared research with large investors in advance, giving them the chance to profit from weaker sales of iPhones. The information was not ...
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Cuban's lawyers attack credibility of key witness WFAA
DALLAS (AP) — Lawyers for Mark Cuban attacked the credibility of the government's key witness in the insider-trading lawsuit against the billionaire owner of the Dallas Mavericks. Jurors saw video testimony Wednesday from the CEO of Canadian ...
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US futures down sharply as budget impasse drags on SunHerald.com
FILE - In this Tuesday, Oct. 1, 2013, file photo, people walk near Capitol Hill in Washington. As the government's partial shutdown enters a second day, most companies across the country are doing business as usual. Yet concern is rising that a prolonged ...
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US dollar at eight-month lows as shutdown drags on Irish Times
Traders work on the floor of the New York Stock Exchange as investors speculated about the economic effects of the first partial government shutdown in 17 years. Photograph: Scott Eells/Bloomberg. Topics: Business · Markets · Barack Obama · European ...
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Payday loans: good financial behaviour lessons in school are the solution The Guardian
Consumer Focus estimates that the number of payday loan borrowers rose from 0.3 million in 2006 to 1.2 million in 2009. Photograph: Dan Kitwood/Getty Images. It's a grey day in a town in the north-west of England. I watch the growing queue of young ...
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The shutdown isn't just closing parks, it's halting medical research FOX19
The Consumer Product Safety Commission is recalling 15 million surge protectors due to a fire hazard. APC SurgeArrest surge protectors were made by American Power Conversion in the Philippines and ChinaFull Story >. The firm has received 700 reports ...
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How Can You Be Retired If You're Still Working? DailyFinance
Some of the most fortunate people in the world never retire. Consider Warren Buffett, who at age 83 remains CEO of Berkshire Hathaway, Dianne Feinstein, the 80-year-old senator from California, and the head of circulation at our local library, who is going ...
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Bank of Japan May Ease Monetary Policy After April's Sales Tax Hike IBTimes.co.uk
The absence of details from the Japanese government about how it would shield the world's third largest economy from a planned increase in consumption tax has put pressure on the Bank of Japan to boost its monetary stimulus. The Bank of Japan (BoJ) is ...
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Dow sinks on second day of shutdown IG
Stock indices on Wall Street have managed to recover from the lows of the day, but are still in negative territory. Traders on the New York Stock Exchange. Platt/Getty Images. Heading into the final hour of stock trading in New York, the Dow was down 0.6% at ...
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How High Can Constellation Earnings Climb? Motley Fool
Constellation Brands (NYSE: STZ ) will release its quarterly report on Thursday, and investors are looking for the maker of alcoholic beverages to keep pressing higher in its growth efforts. In the aftermath of the merger between Anheuser-Busch InBev (NYSE: ...
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