Oct 8, 2013

Google Alert - Business News

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The NSA's Hugely Expensive Utah Data Center Has Major Electrical Problems ... Forbes
Well, this is good news for those with privacy concerns about the NSA and terrible news for those concerned about government spending. The National Security Agency's new billion-dollar-plus data center in Bluffdale, Utah was supposed to go online in ...
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Obama to Announce Yellen Nomination as US Fed Chief Tomorrow Businessweek
Janet Yellen, vice chairman of the U.S. Federal Reserve, at the American Economic Association's annual meeting in San Diego. Photographer: Sam Hodgson/Bloomberg. President Barack Obama will nominate Federal Reserve Vice Chairman Janet Yellen ...
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Top Bankers Warn on US Debt Proposal Wall Street Journal
Top Wall Street executives are warning that any effort to pay interest on U.S. debt before other obligations such as Social Security, a strategy some lawmakers think would placate bond investors if the government breaches its borrowing limit, would pose ...
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Little Fear on Wall St. of Default, at Moment New York Times
Jacob Lew, the Treasury secretary. The Obama administration and House Republicans are at an Alex Wong/Getty Images Jacob Lew, the Treasury secretary. The Obama administration and House Republicans are at an impasse over the debt ceiling.
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Default Worry Hammers Short-Term US Debt Wall Street Journal
Short-term U.S. debt prices tumbled again Tuesday amid rising investor concern about the prospect of a government-debt default, sending the yield on one-month U.S. Treasury bills to its highest level since the financial crisis. With little sign that Republicans ...
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Lew to Testify Thursday as Debt Ceiling Looms Wall Street Journal
WASHINGTON – U.S. Treasury Secretary Jacob Lew will testify this Thursday at a Senate Finance Committee hearing on the nation's borrowing limit, in his first public face-to-face meeting with the lawmakers he must persuade to raise the $16.7 trillion debt ...
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Puerto Rico's debt woes hit muni bond funds USA TODAY
While the U.S. struggles with its debt limit, Puerto Rico faces its own debt issues -- and that worries some investors. Like states, Puerto Rico, a U.S. territory, can't file for bankruptcy. But it has some $70 billion in tax-free municipal bonds outstanding, far more ...
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Deadlock Worry Jolts the Market for T-Bills New York Times
The political impasse over the debt ceiling roiled a closely watched corner of the bond market on Tuesday, pushing up the price the government paid to borrow money for a month to its highest level since 2008, more than doubling from just a day earlier.
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Tech stocks: Nuance surges on Icahn deal USA TODAY
Carl Icahn strikes again. The billionaire investor revealed through Twitter he reached a deal with tech company Nuance Communications to place two representatives from his company on their board of directors. Nuance shares have jumped more than 2% in ...
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German exports rise less than expected in August Reuters
BERLIN | Tue Oct 8, 2013 11:33am IST. BERLIN Oct 8 (Reuters) - German exports revived in August, rising slightly less than expected but more than imports and widening the trade surplus, official data showed on Tuesday, in a sign foreign trade will not drag ...
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Many in GOP Offer Theory: Default Wouldn't Be That Bad New York Times
WASHINGTON — Senator Richard Burr, Republican of North Carolina, a reliable friend of business on Capitol Hill and no one's idea of a bomb thrower, isn't buying the apocalyptic warnings that a default on United States government debt would lead to a ...
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Battery-Stored Solar Power Sparks Backlash From Utilities Bloomberg
California's three biggest utilities are sparring with their own customers about systems that store energy from the sun, opening another front in the battle that's redefining the mission of electricity generators. Edison International (EIX), PG&E Corp. and Sempra ...
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Gov't expects most homeowners to pay more for heat this winter; heating oil ... GlobalPost
The government forecast Tuesday that most households will pay more for heat this winter. Heating oil users will catch a slight break, but still pay near-record prices to keep warm. Prices for natural gas, electricity and propane should be higher, the primary ...
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Yum Brands: Asian Flu Is Sapping the Appetite Wall Street Journal
The world looked different the last time Yum Brands Inc. suffered a decline in full-year earnings per share. [image]. In 1997, Asia's borrowings inspired scary headlines, not America's. Then called Tricon, the business was loss-making, and management spent ...
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Starbucks founder urges CEOs to push for end to federal shutdown Reuters
By Lisa Baertlein. Mon Oct 7, 2013 8:21pm EDT. (Reuters) - Howard Schultz, Starbucks Corp's outspoken CEO, on Monday urged fellow business leaders to ratchet up the pressure on U.S. political leaders to end the stalemate that has partially shut down the ...
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To Lift Hong Kong Park, Disney Deploys Iron Man New York Times
HONG KONG — Iron Man has proved his might at the Chinese box office. Now Disney is betting that the Marvel superhero has enough muscle to complete a turnaround at its underperforming theme park here — a task of crucial importance as the company ...
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Zulily May Make IPO Paperwork Public This Week Wall Street Journal
E-commerce site Zulily Inc. is planning to make public its plans for an initial public offering this week, people familiar with the matter said, as activity around consumer Internet IPOs heats up. The Seattle-based company made a confidential filing with the ...
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Americans' Spending Reports Retreat After August Surge Gallup.com
PRINCETON, NJ -- Americans' self-reports of daily spending averaged $84 throughout September, down sharply from August's $95, and the lowest monthly figure since February. The August average had been the highest in any month in five years. Though ...
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Federal Court Rules for Amazon in CIA 'Cloud' Contract Dispute With IBM Wall Street Journal
A federal court ruled for Amazon.com Inc. in a closely watched dispute over a cloud computing contract with the Central Intelligence Agency. International Business Machines Corp., which is pushing the government to reopen the roughly $600 million contract ...
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Asian shares rise on back of Chinese data Irish Times
Anxiety over the US debt situation helped support gold, which added 0.3 per cent to around $1,324.5 an ounce. Topics: Business · Markets · Barack Obama · Federal Reserve · Nikkei; More Topics. Tue, Oct 8, 2013, 07:21. First published: Tue, Oct 8, 2013, 07: ...
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Covered California fixes glitch and adds physician search tool 89.3 KPCC
Rich Pedroncelli/AP. Gina Macaluso, an employee of Covered California, the state's new health care exchange, provides health insurance at the newly opened call center in Rancho Cordova. Comments · Add your comments. Listen Now. [1 min 1 sec].
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FAA Recalls Airline Inspectors Put on Leave by Shutdown Bloomberg
Aviation regulators in the U.S. will begin recalling some airline and aircraft inspectors from furloughs spurred by a partial government shutdown that has entered its second week. More than 800 Federal Aviation Administration workers will return to their jobs ...
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Europeans Import US Mortgage Models Wall Street Journal
U.S. taxpayers had to rescue mortgage giants Fannie Mae and Freddie Mac, but that isn't stopping some European governments from adopting similar programs and institutions. The Dutch government recently announced it will seek to develop its own version ...
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USDA Buyers Stuck in Limbo as Shutdown Hurts Housing: Mortgages Businessweek
Home prices, which have climbed 21 percent nationally since hitting a post-recession low in March 2012, are still 21 percent below their June 2006 peak, according to the S&P/Case-Shiller index of property values in 20 cities. Photographer: Daniel Acker/ ...
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Treasuries Becalmed as Debt Cap Approaches With Gross Buying Bloomberg
The world's biggest investors are finding U.S. government bonds becoming safer, not more risky, as the deadline to avoid the first American default approaches. The yield on 10-year U.S. bonds dropped to a two-month low of 2.58 percent on Oct. 3, after ...
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US Stock Futures Tumble as Budget Stalemate Sets In Wall Street Journal
MADRID -- U.S. stock-market futures tumbled Monday and global stocks also sank as the budget stalemate entered its second week with no deal in sight. Weekend interviews with leading politicians and Treasury officials increased anxiety among investors ...
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Treasurys gain as market waits out shutdown MarketWatch
NEW YORK (MarketWatch) — Treasury prices rose on Monday as the federal government entered the second week of a partial shutdown, with fears the U.S. could soon run up against the debt limit overshadowing the spending-bill impasse. The benchmark ...
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Clock is ticking on older Samsung device ban ... CNET
Samsung faces a sales ban on some of its older devices, unless it gets bailed out by the White House. The deadline for that is Tuesday. Josh Lowensohn. by Josh Lowensohn. October 7, 2013 12:30 PM PDT. Follow @Josh. While Samsung's pitching its latest ...
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Interesting October Stock Options for Hewlett-Packard Forbes
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Hewlett-Packard Hewlett-Packard Co (NYSE: HPQ). So this week we highlight one interesting put contract, and one interesting call contract, ...
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Obamacare Chief Defends Rocky Start on The Daily Show TIME
U.S. Secretary of Health and Human Services Kathleen Sebelius at the Democratic National Convention in Charlotte, N.C., Sept. 4, 2012. Email · Print; Share. Facebook · Twitter · Tumblr · LinkedIn · StumbleUpon · Reddit · Digg · Mixx · Delicious · Google+.
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For Shoppers, Next Level of Instant Gratification New York Times
All the world's a shopping cart. Bits · More Tech Coverage. News from the technology industry, including start-ups, the Internet, enterprise and gadgets. On Twitter: @nytimesbits. Enlarge This Image. ShopThis lets consumers click an icon in a magazine ad for ...
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Alcatel-Lucent to cut 10000 jobs: reports Reuters UK
PARIS | Mon Oct 7, 2013 8:33pm BST. PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent plans to reduce its staff by 10,000 as part of a cost-cutting drive to save 1 billion euros ($1.4 billion) by 2015, Les Echos and Le Figaro newspapers reported on ...
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Business confidence at 3.5-year high Sydney Morning Herald
AAP. Business confidence is at a three-and-a-half-year high thanks to the election of the Coalition government. The National Australia Bank Business Survey showed business confidence rose eight index points to 12 in September - its highest level since ...
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Switzerland ETFs: Safest Play in Europe? Zacks.com
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at [email protected] or call 800-767-3771 ext. 9339. Europe has rebounded quite well and is now ...
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Garett Sloane Jumping from New York Post to Adweek mediabistro.com
At the New York Post, Sloane was a technology reporter. For Adweek, he will continue to patrol the same beat as a staff writer, focusing on major technology companies like Twitter, Google, Apple and Facebook. One of Sloane's latest contributions to the Post ...
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Small business owners grow more upbeat about Canada's economic outlook ... Financial Post
OTTAWA — Small business owners in Canada appear to be warming to the idea of an improving economic performance next year. But the consumers who are expected to purchase their products aren't necessarily buying into that optimism. The Bank of ...
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