|News||27 new results for Business News|
| Fed to Test Banks for Interest Rate Rise, Housing Collapse Bloomberg |
The Federal Reserve said it will examine how the biggest banks might react to a jump in long-term interest rates and another housing crash as it released the next round of stress-test scenarios designed to monitor the ability of the U.S. financial system to ...
| Is Fed inflating stock bubble? USA TODAY |
NEW YORK — Is the great stock market rally of 2013, which has been turbocharged by the Federal Reserve's easy-money policies, a boom to be savored — or a bubble to be feared? The bubble debate has become increasingly murky in recent weeks as ...
| AT&T Said to Explore Vodafone Takeover as Soon as Next Year Bloomberg |
AT&T Inc. (T) executives are laying the groundwork internally for a potential takeover of Vodafone Group Plc (VOD) next year, mapping out a strategy for a complex deal with Europe's largest mobile carrier, people familiar with the situation said. While the ...
| Asian Stocks Drop as Yen Strengthens on Fed Taper Concern Bloomberg |
Asian stocks fell for a second day as Sony Corp. cut its profit forecast and speculation mounted that the Federal Reserve will pare stimulus in coming months. The yen strengthened against all of its major peers. The MSCI Asia Pacific Index declined 0.4 ...
| No October jinx this time for the stock market Boston.com |
FILE - In this Wednesday, Oct. 30, 2013, file photo, specialist The Associated Press FILE - In this Wednesday, Oct. 30, 2013, file photo, specialist Frank Masiello works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File).
| Walmart kicks off online holiday deals early in intense season Reuters |
By Dhanya Skariachan. NEW YORK | Fri Nov 1, 2013 12:09am EDT. NEW YORK (Reuters) - U.S. retailers facing the shortest holiday season in years are preparing to assail customers with deals and promotions this week, before they have even digested their ...
| Federal Reserve: No Changes Now But Bernanke Swan Song Could Be ... Forbes |
The Federal Open Market Committee (FOMC) kept its policy rate target unchanged at 0% and its asset purchase program unaltered. Considering the partial government shutdown and the debt ceiling fight, it was widely expected that the FOMC would refrain ...
| Wall St. Week Ahead: Twitter's IPO to provide week's excitement Reuters |
By Angela Moon. NEW YORK | Fri Nov 1, 2013 6:47pm EDT. NEW YORK (Reuters) - Twitter will be the talk of Wall Street next week when the social media company goes public in the stock market's most anticipated initial public offering since 2012's Facebook ...
| Ron Johnson's bill would preserve existing health care plans Fox News |
This is a rush transcript from "Hannity," October 31, 2013. This copy may not be in its final form and may be updated. SEAN HANNITY, HOST: My next guest is taking action to force the president to keep his word. And earlier today, Senator Ron Johnson filed ...
| Senator Paul Predicts Yellen to Win Confirmation to Fed Bloomberg |
Senator Rand Paul, a Kentucky Republican, predicted Federal Reserve Vice Chairman Janet Yellen will win U.S. Senate confirmation to succeed Ben S. Bernanke as central bank chairman. Asked if Senate Majority Leader Harry Reid, a Nevada Democrat, ...
| Buffett's $40 Billion Cash Pile Provides Acquisition Fuel Bloomberg |
Warren Buffett, who aims to have $20 billion in cash at his Berkshire Hathaway Inc. (BRK/A), isn't investing fast enough to keep money from piling up. Berkshire will post a $4.3 billion third-quarter profit, according to an estimate from Barclays Plc, adding to a ...
| When Insurers Drop Policies: Three Stories New York Times |
Charles Nance, Dean Wright and Julie Tyrrell are getting dropped — forced out of their existing health insurance plans — and landing smack in the middle of the uproar over President Obama's health care law.
| Stocks in face-plant at session's end USA TODAY |
What had been a blah morning and afternoon for stocks turned downright lousy at the end of trading, as all three indexes stumbled a little ahead of the closing bell. The Dow Jones industrial average lost 0.5% for the day, the Standard & Poor's 500 index ...
| JPMorgan: Gov't probe widens Investor's Business Daily |
The nation's biggest bank by assets said the Dept. of Justice and other agencies are investigating its hiring practices in Hong Kong that were already being scrutinized by the SEC. JPMorgan Chase (JPM) said it's being investigated separately for possible ...
| Chrysler posts 11 pct October US sales gain krqe.com |
DETROIT (AP) — Chrysler says its October U.S. sales rose 11 percent from a year ago, a sign that the auto industry recovered from a slow September. The company was led by the Jeep Grand Cherokee SUV and the Ram pickup. Grand Cherokee sales were ...
| Stocks Rise, Aided by Strong Manufacturing Data ABC News |
Stocks lost momentum heading into midday trading Friday despite an increase in U.S. manufacturing last month. The Dow Jones industrial average was up 19 points, or 0.1 percent, to 15,565 as of 11:20 a.m. Eastern. The blue chips had been up more than 90 ...
| Next year's 401(k) contribution limit: still $17500 CNNMoney |
The maximum amount of money employees can tuck away in their tax-deferred retirement plans, like 401(k)s, will remain unchanged next year at $17,500, the IRS announced Thursday. The IRS said there wasn't a big enough increase in the Consumer Price ...
| RBS prepares to unveil new 'bad bank' MarketWatch |
Royal Bank of Scotland (RBS.LN, RBS) is expected to confirm on Friday that it will create a "bad bank" with more than GBP30 billion of assets following a review of its operations ordered by the U.K. Treasury, The Daily Telegraph reported Thursday.
| Renault-Nissan's Ghosn Cancels Seoul Trip Ahead of Major Announcement in ... Wall Street Journal |
SEOUL--Carlos Ghosn, chief executive of Renault SA (RNO.FR) and Nissan Motor Co. (7201.TO), has canceled a trip to Seoul because he has a "major" announcement to make in Japan on Friday, a Renault Samsung Motors Co. spokesman said.
| Banks brace for billion-dollar forex probe CNBC.com |
Already hammered by their role in the 2008 financial crisis and the rigging of the key bank rate LIBOR, the global banking sector looks set to take another battering to its reputation as investigations start into the fixing of foreign exchange. Barclays, UBS and ...
| Fairfax Financial takes loss on investments Reuters |
TORONTO | Thu Oct 31, 2013 5:15pm EDT. TORONTO Oct 31 (Reuters) - Fairfax Financial Holdings Ltd , the Canadian property and casualty insurer run by investment guru Prem Watsa, reported a third-quarter loss on Thursday, due largely to unrealized ...
| Lululemon Customers Have A New Complaint: Pilling Houston Chronicle |
Lululemon pilling Lululemon Athletica is fielding fresh complaints about the transparency of their yoga pants, and now customers are increasingly reporting a new problem: pilling. The $10 billion yoga apparel company suffered a massive blow in March when ...
| Chevron earnings expected to suffer from refinery results San Jose Mercury News |
NEW YORK -- Chevron's oil and gas production is rising, but weaker refinery results and foreign exchange losses are expected to offset those gains and keep earnings flat for the company in the third quarter. Chevron, based in San Ramon, reports its third ...
| Temporary order against horse slaughter expires krqe.com |
ALBUQUERQUE, N.M. (AP) — A temporary order barring a return to domestic horse slaughtering has expired. And an attorney for plants in New Mexico and Missouri says they are preparing to open. Blair Dunn, who represents Valley Meat Co. in Roswell, ...
| Coming up: US weekly jobless claims MarketWatch |
WASHINGTON (MarketWatch) - U.S. jobless claims are expected to fall to 335,000 in the week ended Oct. 26 from 350,000 in the prior week, according to economists polled by MarketWatch. The report comes out at 8:30 a.m. Eastern. Claims have been ...
| Groupon Redesigns Website for First Time in Five-Year History Mashable |
The daily deals service announced Friday that it has overhauled the look and functionality of its website for the first time since it launched in November 2008. The site, which has received the occasional tweak over the years, has now been rebuilt from the ...
| Spirit AeroSystems and Progresstech Announce Intent to Sell Joint Venture DigitalJournal.com |
WICHITA, Kan., Oct. 31, 2013 /PRNewswire/ -- Spirit AeroSystems International Holdings, Inc. (a wholly-owned subsidiary of Spirit AeroSystems, Inc.) and the Progresstech Group of Companies of Moscow, Russian Federation, today announced that they ...