Oct 9, 2013

Google Alert - Business

News 37 new results for Business
Fidelity sheds government bonds coming due USA TODAY
NEW YORK (AP) — The nation's largest manager of money market mutual funds said Wednesday that it no longer holds any U.S. government debt that comes due around the time the nation could hit its borrowing limit. Money market portfolio managers at ...
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Treasury's Lew to warn lawmakers: No payments guaranteed if debt ceiling ... Washington Post
Treasury Secretary Jack Lew plans to warn lawmakers Thursday that he will be unable to guarantee payments to any group — whether Social Security recipients or U.S. bondholders — unless Congress approves an increase in the federal debt limit.
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New Jersey sues Standard & Poor's for fraud USA TODAY
TRENTON, N.J. — New Jersey is suing Standard & Poor's, making it at least the 19th state to claim in court that the bond-rating company defrauded the public by not disclosing its personal financial interest in the securities it ranked. New Jersey Acting Attorney ...
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Ford Casts Spotlight on MKZ to Lift Lincoln Luxury Brand Bloomberg
Ford Motor Co. (F), aiming to maintain momentum with the first of its four new Lincoln models, is introducing a fresh promotional campaign for the MKZ sedan in a bid to lift its still-struggling luxury brand. In a broadcast, print and digital advertising push that ...
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New Twitter book says Dorsey betrayed co-founder Glass USA TODAY
SAN FRANCISCO -- Twitter Chairman Jack Dorsey betrayed friend and co-founder Noah Glass by getting him ousted from the social media and micro-blogging company, according to a new book by New York Times reporter Nick Bilton. In 2006, when Twitter ...
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Twelve stuck on roller coaster in Orlando for two hours USA TODAY
ORLANDO, Fla. (AP) — A dozen people were stuck for more than two hours on a roller coaster at Universal Studios Florida. The 12-person train stopped near the top of the first hill of the Hollywood Rip Ride Rockit around 7 p.m. EDT Wednesday. Universal ...
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JC Penney Says September Same-Store Sales Fall 4% Businessweek
J.C. Penney Co. (JCP:US), the department-store chain working to rebound from a $985 million loss, said its sales decline slowed in September and that the improvement will last through the end of the year. Sales at stores open at least 12 months fell 4 percent ...
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Boehner calls short-term shutdown deal 'unconditional surrender' Los Angeles Times
WASHINGTON – House Speaker John A. Boehner (R-Ohio) flatly ruled out a potential short-term deal to reopen the government Tuesday, saying it would amount to "unconditional surrender." Boehner, responding to President Obama's hourlong news ...
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RPT-Wal-Mart and partner Bharti Enterprises call off India JV Reuters
Wed Oct 9, 2013 9:59am IST. MUMBAI Oct 9 (Reuters) - Wal-Mart Stores Inc and its Indian partner Bharti Enterprises are breaking up their joint venture and will independently own and operate separate businesses in the country, the companies said in a joint ...
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Another shutdown victim: Beer? Houston Chronicle
MILWAUKEE (AP) — The federal government shutdown could leave America's craft brewers with a serious hangover. Stores will still offer plenty of suds. But the shutdown has closed an obscure agency that quietly approves new breweries, recipes and labels, ...
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UPDATE 1-Latest leak at Japan's Fukushima plant contaminates 6 workers Reuters
Wed Oct 9, 2013 1:30am EDT. * Plant operator says "several tonnes" of water may have leaked. * Leak contained, six workers contaminated (Adds details of leak, recent incidents). By Mari Saito. TOKYO, Oct 9 (Reuters) - Six workers at Japan's Fukushima ...
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RT
6 workers splashed with toxic water at Japan nuke plant as they remove wrong ... Fox News
TOKYO – The operator of Japan's crippled nuclear power plant says six workers have been exposed to highly radioactive water that poured out of a treatment unit when they removed a wrong pipe. Tokyo Electric Power Co. said Wednesday that exposure to ...
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NYC menu offers something new: Silence Seattle Post Intelligencer
NEW YORK (AP) — Quiet, please. Your dinner will now be served. That's the message being sent to customers at a New York City restaurant that prohibits any talking during an occasionally put-on $40 pre-fixe, four-course meal. Nicholas Nauman, head chef ...
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Many remain locked out of federal health-care Web site Washington Post
Major insurers, state health-care officials and Democratic allies repeatedly warned the Obama administration in recent months that the new federal health-insurance exchange had significant problems, according to people familiar with the conversations.
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Global PC Shipments Fall for 6th Quarter in Row ABC News
Worldwide shipments of personal computers fell in the third quarter of the year, the sixth straight quarter of decline as cheaper tablet computers and smartphones cut into demand, according to market research firms IDC and Gartner Inc. IDC said the market fell ...
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Food Stamp Recipients Fret as Stimulus Boost Ends ABC News
A temporary increase in food stamps expires Oct. 31, meaning for millions of Americans, the benefits that help put food on the table won't stretch as far as they have for the past four years. Food stamps — actually the Supplemental Nutrition Assistance ...
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UN says overall financial situation is 'sound' Seattle Post Intelligencer
UNITED NATIONS (AP) — The U.N. management chief says the world body's overall financial situation is "sound" with 134 countries paying their assessment to the organization's regular operating budget by the Oct. 1 deadline. Yukio Takasu told reporters ...
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Obama steps up discussions with Congress Financial Times
Barack Obama is stepping up discussions with Congress as US political leaders seek a way out of a budget crisis that could leave the country without the money to pay its bills before the end of the month. The president will meet about 20 senior Republicans ...
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Panasonic to exit plasma TV panel business by end-March 2014 Reuters
By Reiji Murai. TOKYO | Tue Oct 8, 2013 11:19pm EDT. TOKYO (Reuters) - Panasonic Corp will pull out of the plasma television panel business by the end of the financial year to March 2014, sources familiar with the situation told Reuters, marking a key ...
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California health insurance enrollment site touts robust activity Los Angeles Times
Seeking to rebut mounting criticism over the rollout of Obamacare nationwide, California's insurance exchange boasted that nearly 29,000 people applied for coverage last week under the federal healthcare law. Covered California, the state's new ...
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How the duffin, a muffin-doughnut hybrid, is provoking cake rage The Guardian
The duffin: features in the 2011 Tea With Bea cookbook – and now, as the Duffin, in a Starbucks near you. Photograph: Bea's of Bloomsbury/Instagram. A couple of years ago American baker Bea Vo, proud proprietor of the much-admired London tearooms ...
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GE Taps AT&T, Intel, Cisco For Industrial Internet Revolution Investor's Business Daily
General Electric (GE) plans to use AT&T's (T) wireless network for data gathering and remote monitoring of industrial products in aviation, power and water, transportation, oil and gas, health care, and energy management. General Electric on Wednesday also ...
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SFX Entertainment Prices Its IPO at $13 a Share New York Times
The electronic dance music craze will face a referendum of sorts on Wall Street this week. SFX Entertainment, a young company that has bet its fortunes on the continued popularity of dance festivals like TomorrowWorld and Electric Zoo, priced its initial public ...
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US Stocks Fall; Government Shutdown Prompts Selling of Strong Sectors Wall Street Journal
U.S. stocks fell Tuesday as the continuing stalemate in Washington led investors to cash out of the market's strongest-performing sectors. In the bond market, worries about the potential for the federal government to run out of money to pay its debts led to a ...
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UPDATE 2-Canada August trade deficit widens, hitting Q3 growth Reuters
Tue Oct 8, 2013 9:47am EDT. * Imports up 2.1 pct to record high, exports climb 1.8 pct. * Canada posts 20th consecutive trade deficit. * Trade surplus with United States grows to C$3.99 billion. By David Ljunggren and Louise Egan. OTTAWA, Oct 8 (Reuters) ...
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Fed's Pianalto Says Fed Should Be 'Cautious' in Bond Buying Bloomberg
Federal Reserve Bank of Cleveland President Sandra Pianalto, who has supported record Fed stimulus, said she favored a reduction in bond buying last month because of the potential costs of the program. "While to date the risks have mostly remained ...
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North America Overtakes Asia-Pacific, Europe as Wealthiest Businessweek
Shoppers carry their purchases while crossing the street in the SOHO neighborhood of New York. With U.S. house prices rising 7 percent during the 12 months to mid 2013, households there are now 54 percent more wealthy than they were during a recent ...
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Debt Ceiling Worry Hits 4-Week Treasury Auction Bloomberg
Oct. 8 (Bloomberg) -- Bloomberg Economics Editor Michael McKee discusses the market impact of the impending debt ceiling on Treasuries with a look at the results of today's four-week bill auction in "On The Markets." He speaks on Bloomberg Television's ...
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US apparel retailer Jos. A. Bank approaches Men's Wearhouse about tie-up - WSJ Reuters
Wed Oct 9, 2013 8:11am IST. Oct 8 (Reuters) - Jos. A. Bank Clothiers Inc has approached fellow U.S. apparel retailer Men's Wearhouse Inc about a potential tie up, the Wall Street Journal reported citing people familiar with the matter. It is not clear what form ...
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Top US bankers warn against prioritizing interest payments - WSJ Reuters
Tue Oct 8, 2013 2:23pm IST. Oct 8 (Reuters) - Top U.S. bankers have warned the Obama administration and Republican lawmakers that any move to pay interest on debt before obligations such as Social Security and payments to veterans would pose severe ...
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Starbucks juice unit Evolution Fresh to open $70m juicery in California Drinks Business Review
Evolution Fresh, a subsidiary of US-based Starbucks, is set to open a new $70m juicery in Rancho Cucamonga, California, in a move to boost its share in the $1.6bn fruit drink market. The new juice plant, which will be spread over an area of around 264,000ft² ...
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Wisconsin's tax climate may not have worsened slightly in ranking Milwaukee Journal Sentinel
The tax climate of Wisconsin dipped to 43rd this year out of all 50 states, according to a report issued Wednesday by the Tax Foundation, a business-backed group. Or did it? The tax policy group, known for calculating "Tax Freedom Day," the day when the ...
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Amazon Launches 'Login and Pay with Amazon' for a Seamless Buying ... PYMNTS.com
(NASDAQ: AMZN) -- Today, Amazon released a new service that streamlines how customers transact with online merchants. Login and Pay with Amazon allows participating companies to empower customers to go from browsing to buying in just a few clicks ...
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Sharing Economy under Scrutiny as New York Attorney General Subpoenas ... Morning News USA
New York Attorney General Subpoenas Airbnb NEW YORK – On Monday, New York's Attorney General, Eric Schneiderman, subpoenaed Airbnb in an attempt to collect room rental taxes. The move was driven by Airbnb's resistance to efforts to regulate their ...
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McDonald's To Fill Happy Meals With What Kids Really Want: Books About ... The Consumerist
I have two young nieces, and every year for Christmas they plead, "Dear Uncle Chrisso (yes, they call me that; shut up), don't buy us toys or clothing! We crave illustrated books about the virtues of eating healthy!!" Well, McDonald's has just made my holiday ...
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More Republicans Doubt that the Debt Limit Deadline Is Real Slate Magazine (blog)
Since yesterday's story about the rising Republican skepticism about our government funding crises, and the rising certitude that Barack Obama is making them worse on purpose, I've been asking Republicans who are not seen as "Tea Party" wacko birds ...
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Costco Wholesale Corporation (COST): As Costco Goes, So Goes The Market Seeking Alpha
Even investors that do not own Costco Wholesale Corporation (COST) may want to tune in for the earnings announcement on Wednesday. The shares have tracked the S&P500 index almost perfectly over the last two years and the health of the company may ...
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