Dec 10, 2013

Google Alert - Business News

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LA private-equity firm to buy Lucky Brand Jeans for $225 million Los Angeles Times
Lucky Brand Jeans is coming home again. Los Angeles private-equity firm Leonard Green & Partners has agreed to pay $225 million to acquire Lucky from New York fashion company Fifth & Pacific Cos. The acquisition means that Lucky, founded in Vernon ...
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GM shakes up auto industry men's club, naming first woman CEO Reuters
DETROIT (Reuters) - General Motors Co CEO Dan Akerson will step down next month and be replaced by GM "lifer" and global product chief Mary Barra, a sign that the development of new vehicles will be the paramount focus of the company that emerged ...
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US hearing to probe autopilot reliance in Asiana crash Reuters
WASHINGTON (Reuters) - U.S. safety investigators are looking closely at whether an over-reliance on autopilot systems in modern aircraft has degraded human flying skills, increasing the risk of accidents. At a two-day hearing that starts on Tuesday, the ...
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US Gun Sales Show Signs of Cooling Wall Street Journal
Smith & Wesson Holding Corp. said late Tuesday that its profit in the three months ended Oct. 31 fell 20% from the year-earlier quarter as sales rose just 2%. That follows rival Remington Outdoor Co.'s forecast a day earlier for sales growth between about ...
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Consumer bureau hits medical financing company CareCredit with $34.1 million ... Washington Post
Patients who signed up for a credit card to pay for braces or eye surgery through CareCredit, an arm of General Electric, were given no warning of the high fees tied to the loans and racked up thousands of dollars in debt as a result, the Consumer Financial ...
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DiGiorno, supplier drop dairy farm over abuse Houston Chronicle
MILWAUKEE (AP) — Top-selling frozen pizza brand DiGiorno and its cheese supplier cut ties with a Wisconsin dairy farm Tuesday after an animal rights group released undercover video showing workers beating, kicking, stabbing and whipping sick and ...
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Carney Pushes Guidance Message as He Warns Against Early Exit Businessweek
Mark Carney, governor of the Bank of England, pauses while speaking to the Economic Club of New York in New York on Dec. 9, 2013. Photographer: Jin Lee/Bloomberg. Bank of England Governor Mark Carney said Britain's recovery will need to be ...
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Rising Job Openings Show US Companies Poised to Hire Businessweek
Job openings in the U.S. climbed in October to the highest level in more than five years, showing employers were looking beyond the budget impasse in Washington amid growing confidence in the economic expansion. The number of positions waiting to be ...
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JPMorgan Said to Have No Plans for Currency Challenging Bitcoin Businessweek
JPMorgan Chase & Co. (JPM:US) has no plans to introduce a competing product to Bitcoin, the digital money created as an alternative to currencies controlled by nations and banks, according to a person familiar with the matter. JPMorgan, the biggest U.S. ...
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MasterCard's Raises Dividend 83%, Announces 10-for-1 Split (1) Businessweek
MasterCard Inc. raised its quarterly divided to $1.10 a share and authorized repurchasing as much as $3.5 billion of stock, according to a statement from Purchase, New York-based MasterCard distributed by Business Wire. Photographer: Andrew Harrer/ ...
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Pakistan, Iran agree to speed up gas pipeline project Reuters
ISLAMABAD Dec 10 (Reuters) - Pakistan announced on Tuesday it had agreed with Iran to speed implementation of a much-delayed gas pipeline project designed to link Iran's giant South Pars gas field with consumers in South Asia. The United States ...
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Office Depot picks Florida over Illinois for new headquarters Chicago Tribune
Office Depot said Tuesday it has chosen Boca Raton, Fla. for its new headquarters over Naperville. Office Depot completed its merger with Naperville-based OfficeMax last month, but the pair hadn't yet announced where the combined company would be ...
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S&P 500 floats up to record close in quiet day on Wall St. Reuters
NEW YORK (Reuters) - Stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S. central bank would soon begin winding down its economic stimulus. Volume was ...
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UPDATE 1-Japan Oct core machinery orders rise, bode well for capex Reuters
... Print. * Oct core orders +0.6 pct, matching f'cast. * Data shows better chance of sustained economic recovery. * Some analysts cautious of outlook on tax hike pain. By Leika Kihara. TOKYO, Dec 11 (Reuters) - Japan's core machinery orders rose 0.6 percent ...
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Lululemon Founder Chip Wilson Will Give Up Chairman Role Bloomberg
Athletic apparel sits on display at a Lululemon Athletica Inc. retail store in New York. Athletic apparel sits on display at a Lululemon Athletica Inc. retail store in New York. Close. Close. Open. Photographer: Benjamin Norman/Bloomberg. Athletic apparel sits on ...
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IPotty and iPad Tot Seat Ignite Controversy: Brilliant or "Destructive"? DailyTech
It may sound like an April Fool's joke or a fake news story from The Onion, but with children using tablets at younger ages, toymaker CTA Digital has offered up a unique and controversial new accessory for Apple, Inc. (AAPL) fans -- a toddler toilet that allows ...
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California among states vying for Boeing jet plant Houston Chronicle
LONG BEACH, Calif. (AP) — California is one of at least a half-dozen states vying for Boeing's attention as the aircraft giant selects a production site for its new 400-seat 777X jetliner. A deal to bring the facility to California could create thousands of jobs and ...
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Regional Fed president hints at early taper USA TODAY
James Bullard, president of the Federal Reserve Bank of St. Louis, opened up the possibility of a small reduction in the Fed's bond-buying program, another sign the central bank may soon shrink its 15-month-old monetary stimulus. Speaking at the CFA ...
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SL Green Expects New Midtown New York Rezoning Plan in Next Year Bloomberg
SL Green Realty Corp. (SLG), New York's largest office landlord, expects there to be a new plan in place for rezoning the east side of midtown Manhattan in the next year, President Andrew Mathias said. Mayor-elect Bill de Blasio's administration has told SL ...
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Twitter Rises Most Since IPO on Advertising Product Optimism Bloomberg
Twitter Inc. (TWTR) rose the most since its initial public offering to a record close as new advertising products spurred optimism about the social-networking company's future sales growth. Twitter shares gained 9.3 percent to $49.14 at the close in New York for ...
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India reports positive hiring plans for Q1 of 2014: Survey Times of India
NEW DELHI: The new year is likely to usher in good news for job seekers in India as the country has emerged one of the most optimistic nations in the world in terms of hiring plans for the next three months. According to the employment outlook survey ...
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Swiss bank Valiant is first to bow to US tax probe Reuters
ZURICH (Reuters) - Valiant Holding AG has become the first Swiss bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts. The Swiss regional bank said it would participate in the ...
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UPDATE 2-Google bus blocked in San Francisco gentrification protest Reuters
By Sarah McBride. SAN FRANCISCO Dec 9 (Reuters) - A Google Inc commuter bus was blocked in San Francisco's Mission district for about a half hour Monday morning, highlighting many residents' growing concern that an influx of affluent technology ...
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For Bitcoin, Square Peg Meets Round Hole Under the Law New York Times
The advent of a new medium to conduct business inevitably means avenues for criminals to swoop in to take advantage. The development of Bitcoin, the virtual currency that is not issued by any government, presents challenges for the authorities to use laws ...
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Madoff Victims Recount the Long Road Back Wall Street Journal
Some called him "Uncle Bernie," others barely knew his name. But collectively, Bernard L. Madoff's thousands of victims world-wide saw billions of dollars in savings—retirement money, college funds; in many cases the rewards of a life's work—vanish on the ...
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RPT-Fitch Affirms China's 5 State Banks at 'A'; Outlook Stable Reuters
Dec 9 (Reuters) - (The following statement was released by the rating agency). Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer Default Ratings (IDRs) of China's five state-owned commercial banks at 'A' with Stable Outlooks.
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The Gift That Keeps on Giving: This Euro Bet Bloomberg
This trade has consistently made money for Citigroup clients who've paid attention to the the firm's FX strategist Valentin Marinov. Once again today he's advising clients to sell the euro, based on three relationships suggesting it is overvalued. We first ...
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Pension Crisis Endangers Chicago's Future ABC News
It's not the vision of a world-class city that Chicago Mayor Rahm Emanuel typically likes to portray. More teachers losing their jobs, thousands fewer police and firefighters on duty, less frequent trash collection and miles of potholed roads going unrepaired ...
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Yahoo Gives More Detail on Revenue Composition After SEC Inquiry Businessweek
Yahoo! Inc. (YHOO:US) agreed to disclose more details on its revenue tied to search and display advertising after the U.S. Securities and Exchange Commission sent letters to the company asking for clarification. The company outlined the portion of revenue it ...
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Costs Still Keep 30% of Americans From Getting Treatment Gallup.com
WASHINGTON, D.C. -- As the Affordable Care Act's deadline for getting health insurance approaches, 30% of U.S. adults still say that they, or a family member, have put off medical treatment in the past year because of the cost. This figure has been stable ...
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In Rare Trip, Cuomo Does Washington Wall Street Journal
WASHINGTON—Never mind the black-tie soiree at the John F. Kennedy Center for the Performing Arts, the fundraiser at a top lobbying firm costing up to $25,000 a ticket or the closed-door strategy session with some of the biggest names in gubernatorial ...
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California citrus industry expects modest damage from cold Los Angeles Times
California's citrus growers are expecting some damage to their fruit after six consecutive nights of freezing temperatures, but an industry representative said conditions are not as severe as catastrophic winters in years past. "While damage is expected, it is ...
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Europeans open marathon talks on bank rescues Fremont Tribune
Finance ministers of the European Union on Tuesday held marathon talks on how to create a central agency that can rescue banks without using taxpayer money. One major hitch holding up agreement has been how to finance a fund for banks that are in ...
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How the Dow Jones industrial average did on Monday Businessweek
The Dow Jones industrial average edged higher on Monday as the stock market extended its rally from Friday, when the government reported strong hiring for last month. The Standard & Poor's 500 index eked out another record close after a big acquisition in ...
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AFP
Let Federal Reserve drop money into your bank account instead of raining it ... Sky Valley Chronicle
Attorney and author Ellen Brown writes on matters of money and the economy. Her work is published globally. News & Opinion by Ellen Brown. (NATIONAL) -- The Federal Reserve is the only central bank with a dual mandate. It is charged not only with ...
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Finnish Industrial Output Falls For 12th Month, New Orders Drop Further RTT News
Finland's industrial production decreased for the twelfth successive month in October, and at a faster pace than in September, preliminary data released by Statistics Finland revealed Tuesday. Industrial production fell a working-day adjusted 3.4 percent ...
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Barclays Reiterates "$500.00" Price Target for AutoZone (AZO) North Fork Vue
AutoZone Inc. logo Stock analysts at Barclays set a $500.00 price target on shares of AutoZone (NYSE:AZO) stock in a report issued on Thursday, American Banking News reports. The firm currently has a an "overweight" rating on the stock. Barclays' price ...
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Madoff Spied on SEC Investigators Says Star Witness International Business Times UK
Bernard Madoff who was convicted in connection with a multibillion-dollar Ponzi scheme had spied on two US Securities and Exchange Commission investigators assigned to probe his firm, according to a courtroom testimony. Former Madoff chief financial ...
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RBS and directors' responsibilities Financial Times
Sir, Last week, the chief executive of Royal Bank of Scotland stated that there had been "decades" of under-investment in computer systems by RBS ("report", Companies, December 4). Section 172 of the Companies Act 2006 requires directors to have regard ...
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