| News | 26 new results for Business |
| Akerson's Personal Imprint Is All Over GM's Natural-Gas Impala Forbes GM CEO Dan Akerson and a prototype of the CNG-powered, bi-fuel 2015 Chevrolet Impala. Anyone surprised by CEO Dan Akerson's decision to field a Chevrolet Impala that runs on natural gas as well as gasoline hasn't been paying attention to the man's ... See all stories on this topic » |
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| UPDATE 3-IBM 3rd-quarter revenue misses Street on China woes Reuters Wed Oct 16, 2013 7:35pm EDT. * Shares down 6 percent in after-hours trade. * Hardware division also blamed for revenue decline. By Nicola Leske. Oct 16 (Reuters) - IBM reported a 4 percent drop in third-quarter revenue, worse than expected by Wall Street ... See all stories on this topic » |
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| Northern Trust profit up 15% in 3rd quarter Chicago Tribune Northern Trust Corp. said third-quarter profit rose 15 percent, partly due to gains on the sale of a Miami office building but also because of more fees generated through new business and a more bullish stock market. Net income at Chicago's biggest locally ... See all stories on this topic » |
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| Debt deadline: What happens, what you should do USA TODAY As. the deadline to default ticks down, you need to know how it will affect you, and how it will hit your portfolio. Hitting the debt limit isn't, as some have cast it, "cutting up the nation's credit cards." The more apt analogy would be cutting up the credit card bill and ... See all stories on this topic » |
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| Public aid crucial to fast-food workers Boston Globe More than half of fast-food workers' families nationwide rely on public assistance to get by —double the rate of the overall workforce — at a cost of nearly $7 billion a year to US taxpayers, according to a study released Tuesday. In Massachusetts, employees ... See all stories on this topic » |
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| Deal Lifts Markets but Does Little for US Economy ABC News The budget agreement Congress reached Wednesday cheered investors and removed the threat of a catastrophic debt default that could have triggered another recession. Yet the temporary nature of the deal means a cloud will remain over a sluggish U.S. ... See all stories on this topic » |
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| NH gas clerk fired for pulling gun on robber Press Herald NASHUA, N.H. – A New Hampshire gas station clerk who thwarted an attempted robbery by pulling out a handgun was fired because company policy prohibits staff from carrying firearms. click image to enlarge. In this Tuesday, Oct. 15, 2013 photo, Shannon ... See all stories on this topic » |
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| Asian stocks mixed as US debt deal deadline looms Bloomington Pantagraph Asian stock markets fluctuated between gains and losses Wednesday as a deadline for divided U.S. lawmakers to agree on a higher government borrowing limit drew ever closer. Unless Congress acts by Thursday, the government will lose its ability to borrow ... See all stories on this topic » |
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| Holiday spirit is in short supply at a cautious eBay The Times (subscription) The online retailer and auctioneer eBay reported improved profits last night, thanks largely to greater use of its PayPal payments processor and higher transaction revenue from its websites. The company warned, though, that its outlook for the Christmas ... See all stories on this topic » |
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| T-Bill Rates Surge as Auction Demand Falls Amid Budget Impasse Bloomberg Rates on Treasury bills due in October soared and the U.S. attracted the least demand at weekly bill auctions since 2009 as Senate attempts to end the fiscal impasse were put on hold, increasing speculation of a default. The $35 billion in three-month bills ... See all stories on this topic » |
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| Medicare Had Messy Rollout, Too Bloomberg There are rumblings that the glitches attending the rollout of the Affordable Care Act -- along with the relentless campaign to sabotage or delay it in numerous states -- mean the program is dead on arrival. But the history of an equally controversial and vast ... See all stories on this topic » |
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| What to watch for in Bank of America earnings MarketWatch (blog) Before J.P. Morgan Chase got its quarterly earnings decimated by legal expenses, Bank of America perfected the art. Bank of America Corp. /quotes/zigman/190927 /quotes/nls/bac BAC reports third-quarter results Wednesday, and for the most part, ... See all stories on this topic » |
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| 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 ... See all stories on this topic » |
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| Obama admin. projected strong health plan signups Businessweek WASHINGTON (AP) — The Obama administration's internal projections called for strong enrollment in the states in the first year of new health insurance markets, according to unpublished estimates obtained by The Associated Press. Whether those ... See all stories on this topic » |
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| PepsiCo reports higher profit despite economic pressures CNBC.com Oct 16 (Reuters) - PepsiCo Inc reported higher quarterly earnings on Wednesday and said it was on track to meet its financial goals for the year, despite a sluggish economy. The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice said net income was ... See all stories on this topic » |
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| Buffett GE Profit Trails Wall Street Bets as Warrants Expire Businessweek Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. Photographer: Andrew Harrer/Bloomberg. Berkshire Hathaway Inc. (A:US)'s $3 billion bet on General Electric Co. (GE:US) during the 2008 financial crisis is proving less profitable ... See all stories on this topic » |
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| The Basics of California Coverage San Francisco Chronicle If you have health insurance through your job or know someone who does not have health insurance, your coverage will only get better. The Affordable Care Act does provide a sense of security and protection in terms of your health care coverage needs ... See all stories on this topic » |
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| Even With Senate Deal, Political Uncertainty Will Continue To Stunt Economic ... Forbes Even if, as now appears likely, Congress passes a deal to raise the debt ceiling until Feb. 7th and fund the federal government through Jan. 15th, the uncertainty emanating from Washington will continue to hold down economic growth, Moody's Analytics Chief ... See all stories on this topic » |
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| Wall Street Officials Say Debt Ceiling Already Hitting Economy Wall Street Journal WASHINGTON — A panel of Wall Street officials told members of the House Financial Services Committee Tuesday the debate over the debt ceiling is already hurting the broader economy. The concerns reflect widening fears that economic reverberations ... See all stories on this topic » |
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| Advance Auto Parts to buy General Parts for just over $2 bln - WSJ Reuters Wed Oct 16, 2013 12:51am EDT. Oct 16 (Reuters) - Advance Auto Parts Inc plans to buy closely held General Parts International Inc for just over $2 billion, the Wall Street Journal reported, citing people familiar with the matter. The deal, expected to be ... See all stories on this topic » | |||
| Mid-Morning Market Update: Markets Rise; Bank of America Posts Higher Profit NASDAQ Following the market opening Wednesday, the Dow traded up 1.04 percent to 15,326.24 while the NASDAQ surged 0.99 percent to 3,831.43. The S&P also rose, gaining 1.05 percent to 1,715.81. Top Headline Bank of America (NYSE: BAC ) reported a rise in ... See all stories on this topic » |
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| Wells Fargo & Co.'s "Neutral" Rating Reaffirmed at Zacks (WFC) WKRB News Wells Fargo & Co. logo Wells Fargo & Co. (NYSE:WFC)'s stock had its "neutral" rating reiterated by Zacks in a research note issued to investors on Tuesday, Stock Ratings News reports. They currently have a $44.00 target price on the stock. Zacks' price ... See all stories on this topic » |
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| Better job figures could see Band of England increase interest rates Irish Independent UK jobs numbers due today looks set to reinforce speculation that unemployment is falling to levels where the Bank of England (BoE) could start to hike interest rates. Also in this section. UK and China sign deal for pound-yuan trading · Burberry chief swaps ... See all stories on this topic » |
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| Spotlight on economy: Fed's Beige Book, home builder index MarketWatch (blog) The Federal Reserve's latest update on the economy and an index that measures the health of the U.S. housing industry offer Wall Street a brief respite from the political wars in Washington. The Fed's Beige Book, released Wednesday afternoon, gives a ... See all stories on this topic » |
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| Home prices holding at post-recession highs, DataQuick says OCRegister (subscription) Orange County home prices held at post-recession highs last month despite rising numbers of homes for sale, new housing numbers show. The median price of an Orange County home – or price at the midpoint of all sales – was $550,000 in September, ... See all stories on this topic » | |||
| Flash: Fed Beige Book more significant - Nomura FXstreet.com "We expect the Fed Beige Book, prepared for the 29-30 October Federal Open Market Committee (FOMC) meeting, to help describe the current state of economic activity". "Since the previous Beige Book published for the 17-18 September FOMC meeting, ... See all stories on this topic » |
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