Nov 4, 2013

Google Alert - Business News

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Boeing, Machinists talks on 777X near conclusion The Seattle Times
Secret high-level talks between Boeing and the Machinists union have reached a decisive point as the two sides try to clinch a deal to build the 777X built in the Puget Sound area in exchange for a long-term labor contract. By Dominic Gates. Seattle Times ...
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Asian shares rise, dollar steady as markets await data Reuters
By Lisa Twaronite. TOKYO | Mon Nov 4, 2013 8:42pm EST. TOKYO (Reuters) - Asian shares rose while the dollar was flat against a basket of currencies on Tuesday, after a spate of comments from Federal Reserve officials offered investors no reason to ...
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Johnson & Johnson agrees to pay $2.2 billion in drug-marketing settlement Washington Post
Johnson & Johnson will pay $2.2 billion to resolve civil and criminal allegations involving the marketing of off-label, unapproved uses for three prescription drugs, Justice Department officials announced Monday. The cases, which date from the late 1990s ...
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Jeff Bezos' wife pans Amazon book CNNMoney
Jeff Bezos, founder and CEO Amazon.com, and his wife MacKenzie Bezos arrive for morning session of the Allen & Co. annual conference at the Sun Valley Resort on July 10, 2013 in Sun Valley, Idaho. NEW YORK (CNNMoney) ...
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RBA Says Aussie 'Uncomfortably High' as It Holds Key Rate Bloomberg
Australia's central bank left its benchmark interest rate unchanged at a record low and said a lower currency will be needed to achieve balanced growth. Governor Glenn Stevens and his board kept the overnight cash-rate target at 2.5 percent, the Reserve ...
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Anthem Blue Cross is sued over policy cancellations Los Angeles Times
In a new line of attack on canceled health policies, two California residents are suing insurance giant Anthem Blue Cross, alleging they were misled into giving up their previous coverage. About 900,000 Californians and many more nationwide have received ...
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Kmart, Sears to welcome shoppers on Thanksgiving, stay open overnight Los Angeles Times
Kmart is going on a holiday all-nighter, opening for bargain hunters at 6 a.m. Thanksgiving morning and keeping the lights on for 41 straight hours. Sister company Sears also is gearing up for an overnight shopping marathon, welcoming patrons at 8 p.m. on ...
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Philanthropist still wants Philadelphia Inquirer USA TODAY
The dizzying world of rich business folks gaming for ownership of struggling newspapers continues. On Sunday, a 96-year-old multimillionaire and philanthropist said he wants to buy the 184-year old Philadelphia Inquirer. The Inquirer reported on its own ...
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SAC settlement, record fine, set Monday CNBC.com
Documents settling the landmark insider-trading case against SAC Capital are expected to be signed by the hedge fund and federal prosecutors Monday, said someone familiar with the matter. Details of the accord—including a guilty plea to at least one count ...
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The 5 worst performing stocks in the Dow USA TODAY
The Dow Jones Industrial Average is up more than 19% so far this on the year. The DJIA, an index of 30 stocks from some of the country's largest companies, is a widely followed indicator of the stock market's performance. The Dow's growth in recent months ...
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U.K. Growth Forecasts Raised by CBI as Recovery Builds Momentum Bloomberg
The Confederation of British Industry raised its forecasts for U.K. economic growth and said it expects business investment and trade to aid the recovery starting next year. The business lobby sees the economy expanding 1.4 percent this year and 2.4 percent ...
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Ryanair Predicts Full-Year Profit Drop as Competition Rises Bloomberg
Ryanair Holdings Plc (RYA), Europe's biggest discount airline, predicted a profit drop for its fiscal full year as increased competition and weaker economic conditions across Europe weigh on earnings. Net income for the year ended March 31 will be in the ...
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Chinese bus builder's labor troubles may be a problem for Gov. Brown Los Angeles Times
SACRAMENTO — Gov. Jerry Brown's vision to build electric buses in California may be giving him a black eye. In April, Brown visited the factory of Chinese vehicle manufacturer Build Your Dreams, or BYD, and announced that the company would make ...
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Apple Opening Arizona Plant With 2000 Workers to Make Parts (1) Businessweek
Apple Inc. (AAPL:US) said it's opening a new plant in Mesa, Arizona, that will create 2,000 jobs to make components for its products, part of a push by the world's most valuable company to boost manufacturing in the U.S.. Apple struck a deal to pay $578 ...
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Analysis: Rewards shift to stock pickers in US market rally Reuters
By David Randall. NEW YORK | Mon Nov 4, 2013 2:34am EST. NEW YORK (Reuters) - It's a good time to be a stock picker. Some 57 percent of U.S. funds run by active managers are beating their benchmark indexes this year, according to fund-tracker ...
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European Factors to Watch-Shares seen higher, focus on ECB Reuters
Mon Nov 4, 2013 2:38am EST. LONDON Nov 4 (Reuters) - European shares were expected to grind higher on Monday, with sentiment buoyed by increased hopes the European Central Bank will strike an equities-friendly dovish tone at its latest meeting this ...
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Federal appeals court temporarily halts horse slaughter Washington Post
ALBUQUERQUE, N.M. — A federal appeals court has temporary halted plans to resume domestic horse slaughter. The 10th U.S. Circuit Court of Appeals in Denver on Monday issued a temporary injunction barring the Department of Agriculture from ...
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US federal appeals court halts horse slaughter USA TODAY
ALBUQUERQUE, New Mexico (AP) — A federal appeals court on Monday temporary halted plans to resume domestic horse slaughter. The 10th U.S. Circuit Court of Appeals in Denver on Monday issued a temporary injunction barring the Department of ...
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BP Oil-Spill Settlement Objectors Ask Court to Rescind Approval Businessweek
Opponents of BP Plc (BP/)'s $9.2 billion partial settlement of private-party claims from the 2010 Gulf of Mexico oil spill are set to ask a U.S. appeals court to reverse a judge's approval of the agreement. The agreement is unfair and can't be approved because it ...
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Gross Loses World's Largest Mutual Fund Title to Vanguard Bloomberg
Nov. 4 (Bloomberg) --- Bill Gross no longer runs the world's largest mutual fund. Gross's Pimco Total Return Fund (PTTRX) has shrunk by $37.5 billion since the start of this year, ending last month with $247.9 billion in assets, according to data provided by ...
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Nokia extends patent deal with Samsung MarketWatch
STOCKHOLM--Finland's Nokia Corp. (NYSE:NOK) is set to receive additional patent royalties from Samsung Electronics Co. (005930.SE) after extending its patent license agreement with the South Korean company. The two technology companies extended ...
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Zurich says reviews uncover no undue pressure on Wauthier Reuters
ZURICH | Mon Nov 4, 2013 12:08pm IST. ZURICH Nov 4 (Reuters) - Zurich Insurance Group said two investigations found no indication that the company's former chief financial officer who committed suicide two months ago suffered any "undue pressure" and ...
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Rieder: An empty pledge comes back to haunt Obama Great Falls Tribune
... ** ADVANCE FOR TUESDAY, JAN. 19 AND THEREAFTER ** FILE - In this Sept. 9, 2009 file photo, President Barack Obama delivers a speech on healthcare to a joint session of Congress, on Capitol Hill in Washington . Vice President Joe Biden and ...
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UPDATE 1-Anadarko eyes $1 bln sale of China oil and gas project stakes-sources Reuters
Sun Nov 3, 2013 10:35pm EST. * CNOOC widely seen as potential buyer. * Anadarko joins Newfield, Hess to sell Asian fields. * Some of the sales driven by shareholder activism. By Denny Thomas. HONG KONG, Nov 4 (Reuters) - Anadarko Petroleum Corp ...
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A bottler of beloved Mexican Coke is considering shifting from cane sugar to ... Quartz
Mexico's new soft drink tax could push the nation's Coca-Cola makers away from the cane sugar that's made "Mexicoke" a cult hit in the US. Executives from the second-largest bottler of Coca-Cola in Latin America suggested that a shift away from cane sugar ...
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Climate change warriors: It's time to go nuclear CNN International
(CNN) -- Four top environmental scientists raised the stakes Sunday in their fight to reverse climate change and save the planet. Climate and energy scientists James Hansen, Ken Caldeira, Kerry Emanuel and Tom Wigley have released an open letter calling ...
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China's Leaders to Start Reform Summit With Recovery Bloomberg
China's Communist Party leaders will enter a policy-making summit this week with the economy on an upswing, services and manufacturing surveys show. A non-manufacturing Purchasing Managers' Index (CPMINMAN) rose to the highest level this year in ...
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It's Going To Be An Interesting Week For BlackBerry Forbes
Anyone with a passing interest in BlackBerry's ongoing corporate fortunes will be paying close attention to the Canadian company. Any competing bids against the offer from Fairfax Financial Holdings will have to be due on Monday, there are murmurs of two ...
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Report: Building 19 going out of business The Patriot Ledger
Building 19, the Hingham-based company known for its good-humored approach to advertising and customer service, is going out of business after almost 50 years. building-19-circular-110213.JPG · Ellis Hingham gd 020712-04.jpg ...
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Exclusive: Tri Pointe nears $2.7 billion deal for Weyerhaeuser unit: sources Reuters
By Soyoung Kim. NEW YORK | Sun Nov 3, 2013 6:02pm EST. NEW YORK (Reuters) - Tri Pointe Homes Inc (TPH.N) is near a deal to buy Weyerhaeuser Co's (WY.N) homebuilding division for about $2.7 billion, which would make it one of the 20 largest ...
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HSBC profits seen up 10 pct as cost cuts pay off Reuters
Sun Nov 3, 2013 7:01pm EST. * HSBC Q3 results due at 0815 GMT on Monday. * Pretax profit seen $5.5 bn, up 10 pct on year ago. * Operating costs seen down $1.5 bln on year to $8.8 bn. By Steve Slater. LONDON, Nov 4 (Reuters) - HSBC Holdings is ...
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Kellogg's Shares Could Use a Price Check Wall Street Journal
Up until the middle of this summer, Kellogg Co. and other large U.S. packaged-foods stocks were looking great, turning in heady gains even relative to a strong overall market. Through the third week of July, six industry leaders all had outperformed the S&P ...
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Euro-zone factory activity up, buoyed by Germany MarketWatch
Euro-zone factory activity edged higher in October thanks to modest strength in Germany and other northern economies, which countered weakness in several of the bloc's southern economies. The figures suggest a gulf in economic strength between the ...
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Best Stock Market Since 1997 Seen With S&P 500 Year-End Momentum San Francisco Chronicle
Nov. 4 (Bloomberg) -- The broadest equity rally on record will pick up speed through year end and lift the Standard & Poor's 500 Index to the biggest annual increase in 16 years, if history is any guide. Shares have climbed in the final two months 82 percent of ...
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Gold unable to bounce off two-week lows MarketWatch
LOS ANGELES (MarketWatch) — Gold extended recent losses on Monday, failing to get back on track after surprisingly strong economic data and tapering speculation last week brought a sour end to an otherwise strong month of October for the precious ...
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European stock decline amid corporate losses, Fed speculation Binary Tribune
European stocks retreated on Friday, halting a week of gains, as Royal Bank of Scotland Group Plc and Renault SA fell, while investors were inspecting the U.S. manufacturing data to find signs for the outlook for the Federal Reserve's stimulus program.
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The May/June dynamic Asia Times Online
From a Q&A session with Federal Reserve Bank of St Louis president James Bullard on November 1, speaking in St. Louis: "In the spirit of simple questions, you're spending a trillion dollars a year on this asset purchase program ... " Bullard: "It's worse than ...
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RMG makers, workers may reach consensus on wage in today's meeting Financial Express Bangladesh
Both the apparel sector leaders and workers' representatives are expected to be flexible on fixation of minimum wage for garment workers aiming to reach a consensus on the issue, sources said Sunday. Garment factory owners have agreed to revise their ...
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