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| Amid Capitol Turmoil, Postal Crisis Drags On New York Times |
WASHINGTON — In early 2009, John E. Potter, then the postmaster general, delivered a dire warning to Congress: The United States Postal Service would run out of money unless lawmakers stepped in and passed legislation to help the agency stabilize its ...
| CEO of firm in Va. governor's scandal to resign USA TODAY |
RICHMOND, Va. (AP) — The head of a dietary supplement maker entangled in a political scandal with Virginia Gov. Bob McDonnell will resign amid a securities probe and shareholder lawsuits. Star Scientific CEO and founder Jonnie R. Williams Sr. and ...
| China Exports Rise More Than Estimated After September Drop Bloomberg |
China's exports rose more than estimated last month after the second drop this year, while import gains accelerated, helping sustain an economic recovery that began last quarter. Overseas shipments increased 5.6 percent in October from a year earlier, the ...
| World's Top PC Maker Lenovo Posts 36% Profit Hike Forbes |
Lenovo, the Chinese PC maker that aspires to consumer electronics ubiquity, has posted a 36% rise in net profit for the quarter to Sept 30. Lenovo said Thursday that it made $220 million on $9.8 billion in revenues, a 13% hike, as it sold more smartphones, ...
| Average 30-year mortgage rate edges up to 4.16% USA TODAY |
WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose slightly last week but remained near historically low levels. Mortgage buyer Freddie Mac says the average rate on the 30-year loan increased to 4.16% from 4.10% last week, which was the ...
| Groupon Gets Pinched by Gmail Change Wall Street Journal |
The Chicago-based company also disclosed a deal to buy Korean e-commerce firm Ticket Monster from rival LivingSocial Inc. for up to $260 million. Groupon said its revenue rose 4.7%, largely due to a 24% gain in its core North American market. Analysts ...
| China Thaw Allows Taiwan to Expand Trade Deals to Add Singapore Bloomberg |
Taiwan signed its biggest trade deal yet with a country that has diplomatic ties with Beijing, as the island tries to integrate its economy with the rest of Asia's and to diversify economic allies beyond China. A free-trade agreement with Singapore, Taiwan's ...
| Tax refund ID theft is growing 'epidemic': US IRS watchdog Chicago Tribune |
WASHINGTON (Reuters) - More Americans' identities were stolen in tax refund crimes in the first six months of 2013 than in all of 2012, said a U.S. Internal Revenue Service watchdog on Thursday who described the problem as "a growing epidemic."
| Natural gas gains squeeze family-run oil firms, which seek ways to fight back to ... Washington Post |
NEW HAVEN, Conn. — Oil dealers say they are being squeezed by a relentless boom in cheaper natural gas that is taking away customers and forcing the mostly family-owned businesses to find other ways to survive. Jennifer Tracey-Carlo is the third ...
| Surprise European Rate Cut Flips US Futures Market ABC News |
Stock futures reversed course and headed higher Thursday after Europe's central bank announced a surprise interest rate cut. Policy makers want to ensure the nascent economic recovery takes hold in Europe, where unemployment remains endemic.
| Work to save black-owned forests garners praise Seattle Post Intelligencer |
RIDGEVILLE, S.C. (AP) — A top U.S. Agriculture Department official praised a South Carolina pilot program Thursday and said it could be a model for keeping millions of acres of Southern forests in the hands of black landowners. "I would hope that this could ...
| Obama picks bank executive as Commerce nominee Washington Post |
White House. Banker is picked as Commerce nominee. President Obama nominated Bank of America executive Stefan M. Selig to oversee international trade as he seeks to jump-start the economy by appointing a Wall Street veteran to the Commerce ...
| With sales of its leukemia drug halted, troubled Ariad cuts 40 percent of US ... Boston.com |
Ariad Pharmaceuticals Inc., reeling from a series of setbacks that last week forced the Cambridge company to temporarily stop selling its leukemia drug, said Thursday that 160 jobs will be eliminated.
| ArcelorMittal Loss Narrows, Ebitda Jumps as Cautious Optimism Reigns Wall Street Journal |
LONDON—ArcelorMittal, the world's biggest steelmaker, reported a narrower third-quarter loss and said it expects higher steel demand in China and more stable demand in Europe to drive continued improvement in the current quarter. ArcelorMittal—which ...
| Stocks End Lower; Priceline, Sprouts Up After Q3 News Investor's Business Daily |
The stock market today closed sharply lower, while a couple of leading stocks were mixed in evening trading after posting results. After the close, Priceline.com (PCLN) shares were up following the company's Q3 earnings report. The travel reservations ...
| Valuation of Twitter may be near peak, investors say company will be wildly ... Economic Times |
Twitter is a young company generating large losses as it competes in a highly uncertain sector of the economy. And that is exactly why investors clamored for a piece of its initial public offering, which closed on Wednesday evening. Twitter's shares were priced ...
| Nestle to Sell Most of Jenny Craig Unit to North Castle Bloomberg |
Nestle SA (NESN), the world's largest food company, agreed to sell most of its Jenny Craig diet business to North Castle Partners for an undisclosed amount as it embarks on an effort to dispose of underperforming units. Nestle will divest Jenny Craig in North ...
| Colorado's Elections Were Fracked National Journal |
Voters in four Colorado towns went to the polls Tuesday to decide on anti-fracking measures, which could influence the conversation nationwide.(Amy Harder). Amy Harder. By Amy Harder · Follow on Twitter. November 6, 2013. Share ...
| 'Hatching Twitter' by Nick Bilton Financial Times |
Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal, by Nick Bilton (Penguin Portfolio, $28; Sceptre, £14.99). Any book that starts with a description of a chief executive on his knees, throwing up into a bin after being betrayed by friends ...
| Economy in US Probably Cooled in Third Quarter Before Shutdown Businessweek |
Consumer spending, the biggest part of the economy, was probably the weakest in more than two years. Photographer: Patrick T. Fallon/Bloomberg. The economy slowed in the third quarter, indicating the U.S. expansion lost momentum prior to the partial ...
| Credit Agricole: Will Fight Any Accusation of Euribor Wrongdoing Wall Street Journal |
PARIS--Credit Agricole SA (ACA.FR, CRARY) Chief Executive Jean-Paul Chifflet said Thursday the French bank would fight any accusation by the European Commission that it took part in the alleged rigging of the euro interbank offered rate, or Euribor.
| Abercrombie Pledges to React to Fashions More Quickly Wall Street Journal |
Abercrombie & Fitch Co. ANF -13.52% Abercrombie & Fitch Co. U.S.: NYSE $33.13 -5.18 -13.52% Nov. 6, 2013 4:00 pm Volume (Delayed 15m) : 17.82M AFTER HOURS $33.03 -0.10 -0.30% Nov. 6, 2013 7:59 pm Volume (Delayed 15m): 72,220 P/E Ratio ...
| Square Exploring 2014 IPO With Banks Wall Street Journal |
Technology entrepreneur Jack Dorsey is trying to pull off two high-profile initial public offerings in the span of one year. Square Inc., the payments startup with a square credit-card reader that plugs into Apple and Android-based mobile devices, has held ...
| US STOCKS-Wall St to open up on stimulus expectations; Tesla drops Reuters |
Wed Nov 6, 2013 7:44pm IST. * Tesla drops in premarket after results, outlook. * Microsoft narrows CEO search. * Ralph Lauren climbs after earnings, dividend boost. * Futures up: Dow 57 pts, S&P 8 pts, Nasdaq 12 pts. By Chuck Mikolajczak. NEW YORK ...
| Bank of England to sit tight on policy, investors await jobs forecast Reuters |
By William Schomberg. LONDON | Wed Nov 6, 2013 7:03pm EST. LONDON (Reuters) - The Bank of England looks set to announce no change to policy on Thursday, focusing the attention of financial markets on next week's update of the economic forecasts ...
| Siemens to buy back shares, profit falls slightly MarketWatch |
Siemens AG (NYSE:SI) , the German electrical engineering group, reported slightly lower profit in the fourth quarter and announced plans for a share buyback as new Chief Executive Joe Kaeser carries out a restructuring of Europe's largest technology group.
| Russian economy faces 2 lean decades, ministry documents show - paper Reuters |
MOSCOW | Thu Nov 7, 2013 1:45am EST. MOSCOW Nov 7 (Reuters) - Russia's economy will perform far worse than forecast over the next two decades, lagging global growth, business daily Vedomosti reported on Thursday, citing Economy Ministry ...
| Israeli gas watched from across the Med Financial Times |
Israel's decision on where to sell its gas is being closely followed across the Mediterranean in Cyprus. Noble and Delek have also found gas in the Aphrodite field, which sits 30 miles west of Leviathan in Cypriot waters. At an estimated 5tn cubic feet the ...
| European Stocks Fall With Metals as Aussie Weakens on Jobs Data San Francisco Chronicle |
Nov. 7 (Bloomberg) -- European shares retreated from a five-year high and most metals declined before the regional central bank's policy meeting and U.S. economic reports. Australia's dollar weakened against all its major peers. The Stoxx Europe 600 Index ...
| Lululemon Founder Says Yoga Pants "Don't Work" on All Women's Bodies E! Online |
Lululemon is making headlines again—and yes, it's still about those infamous yoga pants! Huffington Post reports that the popular fitness brand's cofounders Chip and Shannon Wilson recently made an appearance on Bloomberg TV's Street Smart segment ...
| Dow, S&P 500 end higher on Microsoft, Europe data Reuters India |
By Angela Moon and Luke Swiderski. NEW YORK | Thu Nov 7, 2013 5:56am IST. NEW YORK (Reuters) - The Dow industrials closed at a record high on Wednesday, led by gains in Microsoft Corp (MSFT.O) and encouraging European economic data, while ...
| DB's China A-Shares ETF Starts With $108M IndexUniverse.com |
Deutsche Bank today launched its db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR) with $108 million, the largest for any ETF since 2007, according to the firm, citing data from Bloomberg. ASHR will provide U.S. investors with direct access to ...
| Coeur Mining Q3 Loss Widens - Quick Facts RTT News |
Coeur Mining Inc. (CDE: Quote,CDM.TO: Quote) reported that its third-quarter net loss was $46.3 million, or $0.46 per share, wider than $15.8 million or $0.18 per share in the year ago quarter. Adjusted loss for the latest-quarter was $23.4 million, or $0.23 per ...
| Just In: J.C. Penney Company, Inc.(NYSE:JCP), Oxygen Biotherapeutics, Inc ... Market News Call |
Lakeway, NY — (MARKET NEWS CALL) — 11/06/2013 — Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on ...
| Goldman Sachs Group Inc (GS): Goldman Sachs Is Still A Good Investment Seeking Alpha |
Goldman Sachs Group, Inc. (GS) recently announced its third quarter earnings. Lloyd C. Blankfein, the Chairman and Chief Executive Officer, said, "The third quarter's results reflected a period of slow client activity." The company's performance was not up to ...
| Societe Generale Upgrades Royal Bank Scotland to "Hold" (RBS) Ticker Report |
Royal Bank Scotland logo Societe Generale upgraded shares of Royal Bank Scotland (NYSE:RBS) from a sell rating to a hold rating in a research report sent to investors on Monday morning, TheFlyOnTheWall.com reports. Other equities research analysts ...
| Theme Park Insider interview with Disney Legend and Imagineer Tony Baxter ... Theme Park Insider |
Disney's Tony Baxter was the lead designer on many of the theme park industry's most beloved attractions, including Splash Mountain, Star Tours, and the Indiana Jones Adventure. Earlier this year, Disney honored Baxter as one of the company's Disney ...