|News||30 new results for Business|
| Snapchat turned down more than $3B from Facebook USA TODAY |
SAN FRANCISCO — Facebook has dangled more than $3 billion in cash to woo Snapchat, the popular photo-messaging used by younger audiences, amid growing signs of waning interest among teens in the world's largest social network. The Los ...
| After Twitter #Fail, JPMorgan Calls Off Q. and A. New York Times |
JPMorgan Chase helped take Twitter public last week. But on Wednesday evening, the banking giant got a taste of the social network's power — in a very negative way. The firm called off a question-and-answer session with James B. Lee Jr., its vice chairman ...
| Administration: 106000 enrolled in health insurance in first month of HealthCare ... Washington Post |
Slightly more than 106,000 Americans signed up for health plans in the first month of new state and federal insurance marketplaces, the Obama administration reported Wednesday. The figure, which was far lower than the administration predicted, points to ...
| Tax Authorities in Italy Put Apple Under Investigation New York Times |
ROME — Italian prosecutors have opened an investigation into whether Apple paid all its taxes in the country, an official in Milan said on Wednesday. Bits · More Tech Coverage. News from the technology industry, including start-ups, the Internet, enterprise ...
| Shopping, Before the Turkey Gets Cold New York Times |
Teenagers and college students can spend only so much time cooped up with their families on a holiday like Thanksgiving. Enlarge This Image. Robert Neubecker. This year, some retailers are betting that this target spending group dashes out the door after ...
| Afghan opium crop hits record high ahead of Western withdrawal: UN Reuters |
KABUL (Reuters) - Afghan opium cultivation has hit a record high as international forces prepare to leave the country, the United Nations said on Wednesday, with concern that profits will go to warlords jockeying for power ahead of a presidential election next ...
| Billy Goat Tavern owner wants to stay put amid planned development Chicago Tribune |
No Pepsi. No fries. No desire to change things. The Billy Goat Tavern has been a Chicago landmark for generations and a fixture underneath North Michigan Avenue for almost 50 years. And its owner wants to remain there, regardless of whatever ...
| Muni train full of riders takes off without driver San Francisco Chronicle |
(11-13) 12:52 PST SAN FRANCISCO -- A Muni Metro train loaded with passengers pulled away from a station without its operator Wednesday after the driver got out to fix a door and possibly forgot to set the emergency brake, agency officials said. A rider ...
| Chegg Slides After Textbook Renter IPO Raises $187.5 Million Bloomberg |
Chegg Inc. (CHGG), which rents textbooks and provides digital homework help to college students, raised $187.5 million in its initial public offering, pricing the shares above the marketed range. Chegg and co-founder Aayush Phumbhra sold 15 million shares ...
| Goldman's New Class of Managing Directors, and More Wall Street Journal |
What's News: Goldman Sachs promotes 280 employees to its elite managing director group. Crocs is exploring ways to go private. World's largest orange diamond is sold for record $35.5 million. Joanne Po reports. Photo: AP. Up Next ...
| Fannie and Freddie fight sparks multibillion dollar proposal Financial Times |
In 2008, as delinquencies and defaults mounted in the US housing market, Fannie Mae and Freddie Mac needed capital. The ailing government-sponsored housing finance agencies issued billions of dollars of preferred shares, enticing buyers with ...
| Will China's Economic Overhaul Work? Wall Street Journal |
After a four-day leadership meeting in Beijing, China's Communist Party endorsed a "decisive" role for the market in the economy. Chen Long of Cheung Kong Graduate School of Business tells us what exactly the government needs to do to make this a reality ...
| Abenomics at one year: growth to slow as challenges mount Reuters |
TOKYO (Reuters) - A year after Prime Minister Shinzo Abe took financial markets by storm with promises to end two decades of deflation and tepid growth, the economy is expected to slow sharply, highlighting the challenges facing "Abenomics" in ensuring a ...
| Some State Insurance Exchanges Continue to Battle Technical Problems New York Times |
Six weeks into the rollout of President Obama's new health care law, some of the online insurance exchanges run by states are continuing to have serious technological problems, often mirroring the issues plaguing the much larger federal exchange.
| 14.82-Carat Orange Diamond Sells For A World Record $35.5 Million Forbes |
The largest fancy vivid orange diamond to ever appear at auction shattered a world record as it sold for more than $35.5 million Tuesday at Christie's Geneva Magnificent Jewels sale. The 14.82-carat diamond also shattered its high estimate of $21 million.
| Dollar Gains on Rivals Wall Street Journal |
The dollar rose against most major currencies but fell against the euro, as investors digested signals on when the Federal Reserve could begin curtailing its stimulus. Atlanta Fed President Dennis Lockhart told Bloomberg Radio in an interview that the Fed ...
| US Oil Futures Tumble To More Than 5-Month Low on Supply Fears Wall Street Journal |
NEW YORK--U.S. oil prices tumbled to their lowest price in more than five months amid fears over growing crude supplies, high domestic production and the possible wind down of the Federal Reserve's economic stimulus program. Light, sweet crude for ...
| U.S. Receives $1.2 Billion From October Sales of GM Stock Bloomberg |
The U.S. Treasury Department said net proceeds of its sales of General Motors Co. (GM) shares totaled about $1.2 billion last month as the government winds down its investment in the automaker. Through the end of October, the U.S. government had ...
| Extended Stay, Zulily Headline Another Busy Week for IPOs Wall Street Journal |
Twitter Inc.'s much-anticipated initial public offering may have come and gone, but a year-end torrent of corporate debuts lies ahead. Hotel chain Extended Stay America Inc.'s debut, expected to raise up to $593 million after today's close, will kick off another ...
| Asian shares fall on taper speculation; Plenum disappointment CNBC.com |
Asian equity markets followed their Wall Street peers lower on Wednesday as heightened talk about a scaling back of the Federal Reserve's monetary stimulus weighed on sentiment. Investors were also disappointed with the lack of concrete details on policy ...
| Cisco Tries to Shake the Sand From its Gear Wall Street Journal |
What's on tap for Cisco when they report earnings on Wednesday? Heard on the Street's Dan Gallagher joins digits with three things investors should keep their eyes on. Photo: AP. Cisco Systems Inc. CSCO +1.22% Cisco Systems Inc. U.S.: Nasdaq $23.73 ...
| Anthem extends 104000 health insurance policies Businessweek |
SACRAMENTO, Calif. (AP) — Health insurer Anthem Blue Cross of California has agreed to a two-month extension of about 104,000 individual policies after failing to give the required 90-day cancellation notice. The policies had been set to expire on Dec.
| Easier to get a mortgage? For some ... CNBC.com |
Make no mistake: Mortgage credit is still very tight by historical standards, and only borrowers with the most pristine credit and healthy down payments can get the lowest rates. But there are signs that the noose is loosening, if only slightly, in response to lower ...
| U.S. Stocks Fluctuate Amid Earnings After Dow Closes at Record San Francisco Chronicle |
Nov. 12 (Bloomberg) -- U.S. stocks fluctuated, after the Dow Jones Industrial Average closed at a record, as investors assessed corporate earnings and speculated on the timing of any reduction to Federal Reserve stimulus. News Corp. dropped 2.3 percent as ...
| Yellen Rejoins QE Debate as Senate Hearing Gives Critics Forum Bloomberg |
Federal Reserve policy makers have publicly debated whether to maintain their bond-buying pace since well before Janet Yellen was named last month to succeed Chairman Ben S. Bernanke. One voice has been missing: Yellen's. Tomorrow, she'll express ...
| Sector Update: Energy Shares Lower as Crude Futures Drop Toward $94 Per ... NASDAQ |
Light, sweet crude oil for December delivery is trading down $0.43 at $94.71 a barrel. In other energy futures, heating oil is up $0.10 at $2.89 a gallon while natural gas is up $0.04 at $3.61 per million British thermal units. In energy ETFs, the United States Oil ...
| Nixon seeks moratorium in 'border war' with Kansas Northwest Cable News |
KANSAS CITY, Mo. (AP) — Missouri Gov. Jay Nixon is calling for a moratorium with neighboring Kansas on efforts to lure companies across the border. In a speech to the Greater Kansas City Chamber of Commerce, Nixon said economic incentives should be ...
| Negotiators already stake out positions on budget Washington Times |
No tax increases, no major cuts to Social Security or other entitlements, and no big jump in federal spending. As House and Senate negotiators meet Wednesday to try to hammer out a unified 2014 federal budget, what's most striking is how many options ...
| Investors await Macy's holiday outlook The Augusta Chronicle |
Macy's is one of a group of retailers planning to open on Thanksgiving evening for the first time this year. Investors will be looking for an updated outlook on the critical holiday season when the department store chain reports third-quarter results Wednesday.
| Polls finds blocking solar in Arizona is political suicide PV-Tech |
Arizona has plenty of solar potential but the state utility firm is concerned about unfair grid costs for non-solar users. Source: SunEdison. A poll in Arizona has found that 77% of people would be less likely to vote for an election candidate if they proposed ...