|News||40 new results for Business News|
| Broader Pool of Madoff Victims to Benefit From Fund New York Times |
Victims in Bernard Madoff's fraud are estimated to have cash losses that exceed $17 billion and Michael Appleton for The New York Times Victims in Bernard Madoff's fraud are estimated to have cash losses that exceed $17 billion and paper losses that total ...
| Icahn warns stock market could face 'big drop' Reuters |
(Reuters) - Activist investor Carl Icahn on Monday said there was a chance the stock market could suffer a big decline, saying valuations are rich and earnings at many companies are fueled more by low borrowing costs than management's efforts to boost ...
| Bartiromo leaves CNBC to join Fox USA TODAY |
CNBC is losing one of its biggest stars. Maria Bartiromo, the financial journalist known as "Money Honey," is leaving the network to join Fox. She'll mostly appear on Fox Business Network, though she'll also report for Fox News. Her contract with CNBC, where ...
| US stock market nears milestone heaven USA TODAY |
NEW YORK — The stock market, which has been melting up most of this record-breaking year, is on the cusp of achieving a troika of major milestones. Dow 16,000 is within easy reach for the first time. The Standard & Poor's 500 is fast approaching 1,800.
| Dudley 'More Hopeful' Growth Rebounding as Fiscal Drag Wanes Bloomberg |
Federal Reserve Bank of New York President William C. Dudley said he's "getting more hopeful" the U.S. economy is gaining strength as the drag from fiscal policy wanes. "While growth in 2013 has been disappointing, I believe a good case can be made that ...
| The World's Biggest Oil Companies, 2013 Forbes |
A lot has changed for Big Oil in the past 10 years, but how much has the shale boom shifted the rankings of the world's 20 biggest oil and gas companies? We compared today's giants with data from 2003. Who do you think is on top? Ten years ago there was ...
| Survey: Americans do not like to discuss finances USA TODAY |
American families may not be saving enough for retirement but even worse, they're not talking about it with each other, show the findings of a new study out Monday. "Family & Retirement: The Elephant in the Room," a representative survey of 5,400 adult ...
| Do You Like Your Doctor? Obamacare Drives UnitedHealth To Downsize Its ... Forbes |
President Barack Obama makes a statement in the Brady Press Briefing Room at the White House, July 31, 2011. (Photo credit: Wikipedia). Over the past two weeks, there's been a lot of coverage of the President's misleading promise that "If you like your plan, ...
| China lifts curtain on landmark reform agenda CNN |
A Chinese political meeting has set the tone on a range of social and economic initiatives. HONG KONG (CNNMoney). China has put forward an ambitious reform plan that aims to address social and economic trouble spots from polluted air to land rights.
| Fight begins over opening up Mexico's oil monopoly Businessweek |
MEXICO CITY (AP) — The fight to revamp Mexico's moribund, state-run oil industry could start as early as this week with a Senate proposal to allow private access to the country's oil, a nationalist symbol that for decades has been fiercely protected by the ...
| Chicago area economy seen growing at 1.3% this year Chicago Tribune |
One third of all U.S. metro areas will see flat or negative economic growth this year, a steep increase from 2012, according to a study released Monday by IHS Global for the U.S. Conference of Mayors. The study projects that 119 metro areas won't see an ...
| Fed's Rosengren Says Banks With Broker-Dealer Units Pose Risks Businessweek |
Federal Reserve Bank of Boston President Eric Rosengren said big international banks with broker-dealer operations pose risks to financial stability, and regulators need to ensure the firms hold sufficient capital. "Global banks with significant investment ...
| Japan Nuclear Plant to Begin Removing Fuel Rods ABC News |
Workers have started removing radioactive fuel rods Monday from one of four reactors at the crippled Fukushima Dai-Ichi nuclear power plant, Tokyo Electric Power Co. said. The painstaking and risky task is a crucial first step toward a full cleanup of the ...
| Dollar Near Two-Week Low Versus Euro as Fed Delays Taper Hopes Businessweek |
The dollar was 0.3 percent from a almost two-week low against the euro on speculation Federal Reserve speakers including Chairman Ben S. Bernanke will reiterate economic growth isn't yet sufficient to trim stimulus. The Bloomberg U.S. Dollar Index ...
| Northeast Corridor partially shut down after Amtrak train derails in Baltimore; no ... Washington Post |
BALTIMORE — Amtrak says a passenger train has derailed in a tunnel south of Baltimore, leading the rail service to shut down its Northeast Corridor service between Washington and Baltimore. Amtrak says train 97, the Silver Meteor from New York to Miami, ...
| Federal Reserve considering a delay to Volcker rule CNBC.com |
The Federal Reserve is considering a delay in the compliance date for the highly anticipated Volcker regulation, giving banks additional time to conform with its provisions, according to people familiar with the matter. Banks are currently required to comply ...
| Oil Drifts Lower as Iran Talks Eyed Wall Street Journal |
Crude-oil futures drifted lower in Asian trading hours Monday as investors wait for talks over Iran's nuclear program to commence later this week and economic data releases for hints about U.S. monetary policy. On the New York Mercantile Exchange, light, ...
| UPDATE 2-Thai economy grows more slowly than forecast, rates seen on hold Reuters |
... Print. * Q3 GDP q/q +1.3 pct vs poll's +1.7 pct, revised 0.0 pct in Q2. * Q3 GDP y/y +2.7 pct vs poll's +2.9 pct, Q2 revised +2.9 pct. * 2013 growth forecast slashed to 3.0 pct from 3.8-4.3 pct. * Tourism buoys economy but exports, domestic demand weak.
| AIG's ILFC Bidders Said in Talks to Add Backers to Group Bloomberg |
Taiwanese tycoon Richard Tsai and Chinese financier Xiao Jianhua are in talks to help fund a $4.2 billion bid for American International Group Inc. (AIG)'s aircraft-leasing unit, three people with knowledge of the matter said. Tsai's family, and companies it ...
| GLOBAL MARKETS-China shares spark Asia rally as reform plans buoy mood Reuters |
... Print. * China-share index in Hong Kong up 5.3 pct on hopes for economic reform. * Focus again on Fed policy ahead of October minutes. * BOJ meets Nov 20/21, to reaffirm aggressive stimulus program. * European shares to open flat to modestly lower - ...
| Prokhorov Said to Agree to Buy Kerimov's Uralkali Stake Bloomberg |
Billionaire Mikhail Prokhorov's Onexim Group reached an agreement with Suleiman Kerimov and his partners to buy their 33 percent stake in potash producer OAO Uralkali, three people with knowledge of situation said. The deal values the world's largest ...
| Tokyo Shares End Slightly Down As Dollar Falls, Exporters Sold Wall Street Journal |
TOKYO--Tokyo stocks staged a modest fall Monday, edging down as the dollar came off its early highs, allowing for profit-taking that offset strong support for banks, brokerages, and other financial stocks. Many traders took weakness in the Nikkei Stock ...
| Bankers Poised for ECB Oversight to Meet Draghi's Troops Bloomberg |
Regulators will outnumber bankers at Frankfurt's biggest finance conference this week, underlining their importance as the European Central Bank prepares to scrutinize the books of the euro area's largest lenders. ECB executive board member Yves Mersch ...
| Aberdeen Asset Management PLC Acquisition Wall Street Journal |
Aberdeen Asset Management PLC ("Aberdeen" or the "Group") announces that it has entered into a definitive agreement to form a long-term strategic relationship with Lloyds Banking Group plc ("Lloyds"), as part of which Aberdeen will acquire Scottish ...
| Young American adults aren't moving as much as they once did Los Angeles Times |
WASHINGTON -- The rate of Americans moving to a new home fell back in the last year mostly because young adults were stuck in place. The report Monday from the Census Bureau reflects the Great Recession's lingering effects particularly on young people ...
| What Yellen didn't tell Congress and why it matters Reuters |
WASHINGTON (Reuters) - The most revealing thing about Janet Yellen's widely praised Senate confirmation hearing performance last week might not have been what she said, but what she didn't say - and how she didn't say it. President Barack Obama's ...
| Postal Service records revenue increase, but losses remain as overhaul bill ... Washington Post |
The U.S. Postal Service recorded its first revenue increase in five years and mail volume showed signs of stabilizing despite continued decline — but the agency still lost $5 billion in fiscal 2013, making it the seventh consecutive year of red ink, according to ...
| Private equity firm Advent offers $1.58 bln cash for UNIT4 Reuters |
AMSTERDAM Nov 18 (Reuters) - Private equity firm Advent International has made a cash offer of 1.17 billion euros ($1.58 billion) for UNIT4 NV, the Dutch business software company said on Monday. The offer represents a 32.4 percent premium to UNIT4's ...
| Health care deductibles a shock to Michigan consumers Detroit Free Press |
Six weeks after the troubled rollout of the Michigan Health Insurance Marketplace, the Obama administration may be facing a new challenge: consumer anger at high deductibles in plans that were supposed to be the most affordable. In southeast Michigan ...
| FOMC Minutes, Iran, Microsoft, Air Show: Week Ahead Nov. 18-23 Bloomberg |
The U.S. Federal Reserve releases minutes this week from the October meeting of the Federal Open Market Committee (FDTR) that will probably give more details behind the decision to continue with $85 billion in monthly bond purchases. Iran and world ...
| Salesforce, Urban Outfitters, Tyson are stocks to watch MarketWatch |
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Monday's session are Salesforce.com Inc., Urban Outfitters Inc. and Tyson Foods Inc. Click to Play ...
| Jake Maxwell Watts Wall Street Journal |
Royal Bank of Scotland Group RBS.LN 0.00% Royal Bank of Scotland Group PLC U.K.: London GBp330.00 0.00 0.00% Nov. 15, 2013 4:35 pm Volume : 0 P/E Ratio N/A Market Cap GBp37.25 Billion Dividend Yield N/A Rev. per Employee GBp215,914 More ...
| RPT-Wall St Wk Ahead-Fed taper debate goes on; retail vies for attention Reuters |
NEW YORK Nov 17 (Reuters) - The guessing game about when the Federal Reserve will start to cut its stimulus will enter a new round this week as stock investors dissect minutes from the last central bank meeting, while retail sales and clues about the ...
| Feds look into 3rd Tesla Model S fire in six weeks UPI.com |
The third battery fire involving a Tesla Model S in six weeks has drawn the attention of the watchdog National Highway Traffic Safety Administration. The federal agency sent investigators to Smyrna, Tenn., outside Nashville, last week to examine the charred ...
| Thanks, but no sale: Local retailers won't be open on holiday The Spokesman Review |
Denver Toone polishes a natural pear-shaped yellow diamond ring on Saturday at Jewelry Design Center in Spokane. (Full-size photo)(All photos). While some consumers are signing Facebook pledges to refuse to shop on Thanksgiving, several Spokane ...
| Wal-Mart Should Improve Wages (Feedback) Arkansas Business Online |
Every worker deserves a living wage. Those women and men who devote their time and labor to a company should be compensated, and they should receive enough money to live a decent life. Not every employer can afford to provide this, but Wal-Mart can.
| Malls compete to lure holiday shoppers with freebies The Courier-Journal |
With more than 450,000 sparkling lights, 10,000 ornaments and 1,700 branches, the 95-foot-tall indoor Christmas tree at Galleria Dallas is the epicenter of renowned skating entertainment and a pyrotechnic, back-flipping ice-skating Santa for a free weekly ...
| JPMorgan reaches $4.5B settlement with investors El Paso Inc. |
The checks from JPMorgan Chase just keep on coming as the nation's largest bank works to move beyond its mortgage-related troubles. On Friday, JPMorgan reached a $4.5 billion-settlement with a group of investors over claims that the bank sold them ...
| F56 MINI Cooper & Cooper S hatch - pix appear online ASEAN Automotive News |
Although the car has not actually been officially revealed, the first pix of the new F56 MINI hatchback have made their way onto onto BangkokPost's website. Pictured here is a yellow Cooper S hatchback, which is expected to have a 192 hp 2.0 litre inline-four ...
| MoNimbus Inc. Launches MoNimbus™ Studio for Salesforce on salesforce ... PR Web (press release) |
Customers can now configure, customize and enable their rich mobile social experience of Salesforce Sales Cloud™. Dreamforce, the world's largest vendor technology event, invites attendees to connect with customers, partners and employees in entirely ...
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