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 ... | |
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 ... | |
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. | |
Fed QE Taper Seen Delayed to March as Shutdown Bites Bloomberg The Federal Reserve will delay the first reduction in its bond purchases until March after the government shutdown slowed fourth-quarter growth and interrupted the flow of data, economists said. Policy makers will pare the monthly pace of asset buying to $70 ... | |
Ill. High Court Invalidates 'Amazon Tax' for Sales ABC News The Illinois Supreme Court threw out a state law Friday that taxes certain Internet sales, saying the so-called "Amazon tax" violated federal rules against "discriminatory taxes" on digital transactions. The 6-1 ruling represented the first time a court had ... | |
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. | |
Grocery Workers Give Notice They'll Go on Strike in 72 Hours KPLU News for Seattle and the Northwest About 21,000 grocery workers at QFC, Fred Meyer, Safeway and Albertsons in the Puget Sound region have given notice they plan to go on strike in 72 hours. That shows the two sides failed to reach agreement on a new contract, in spite of renewed ... | |
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 ... | |
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 ... | |
Google's earnings push shares near record high Los Angeles Times SAN FRANCISCO — Google Inc.'s quarterly results topped Wall Street expectations as the technology giant continued to grow its mobile advertising business, propelling its shares into record territory. The company keeps minting money despite investors' ... | |
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 ... | |
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 ... | |
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) ... | |
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 ... | |
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 ... | |
UPDATE 1-Republicans press US officials over Obamacare snags Reuters Thu Oct 17, 2013 10:14pm EDT. By David Morgan. WASHINGTON Oct 17 (Reuters) - Republicans in Congress chastised President Barack Obama's top health adviser on Thursday for declining to testify before an oversight panel about problems in rolling out ... | |
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. | |
Cinedigm to Acquire Gaiam, Inc.'s Entertainment Unit, a Multi-Platform Content ... MarketWatch CENTURY CITY, Calif. & NEW YORK, Oct 17, 2013 (BUSINESS WIRE) -- --$51.5 million acquisition, projected to generate more than $15 million of EBITDA annually, is expected to close next week. Cinedigm Corp. (NASDAQ:CIDM) ("Cinedigm" or the ... | |
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 ... | |
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 ... | |
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 ... | |
IsoHunt shut down iAfrica.com Popular file-sharing and BitTorrent website IsoHunt has agreed to shut down and cough up $110-million. The move comes after IsoHunt founder Gary Fung gave up his legal battle against the Motion Picture Association of America (MPAA), Ars Technica ... | |
Expect GE's Slow, Steady Improvement to Continue TheStreet.com NEW YORK (TheStreet) -- Analysts generally expect General Electric (GE) to continue its slow and steady improvement, supporting further growth over the next few years. GE on Friday will announce its third-quarter results, with analysts polled by Thomson ... | |
Report says 242000 uninsured in coverage gap San Francisco Chronicle BATON ROUGE, La. (AP) — More than 242,000 poor, uninsured Louisiana residents fall into a health care coverage gap because the state isn't expanding its Medicaid program. That's according to a report released Wednesday by the nonprofit Kaiser Family ... | |
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 ... | |
Home price gains slowing as market recovers The Courier-Journal A for sale sign hangs in front of a house in Walpole, Mass. A Zillow study shows home values are rose more slowly in the third quarter as the supply of homes for sale increased. / Steven Senne AP. USA Today ... | |
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 ... | |
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. | |
What to watch for in Morgan Stanley earnings MarketWatch (blog) Morgan Stanley turns in third-quarter earnings Friday. Given how bank earnings have fared so far this season, analysts will be looking for a few key data points: How bad was fixed-income trading? How much is the bank paying its investment bankers? | |
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