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| Oil company owes billions in clean-up costs CNN |
A natural gas filtration system sits on top of a gas well drilled by Anadarko Petroleum Corporation in Mifflin Township, Penn. NEW YORK (CNNMoney). Oil driller Anadarko has been ordered to pay billions of dollars in clean-up costs after a judge ruled that the ...
| Tesla Motors' $40000 car set to debut in early 2015 Los Angeles Times |
Tesla Motors plans to unveil an electric car in early 2015 that could sell in the $40,000 range, a mainstream offering that will be key to the automaker's future. The electric car maker known for its Roadster two-seat sports car and the current Model S sedan, ...
| Government Rests Case Against Ex-SAC Trader New York Times |
After three weeks and 13 witnesses, the government on Friday rested its insider trading case against Michael S. Steinberg, a former fund manager at SAC Capital Advisors. The defense's case will take considerably less time. It said it might call one witness on ...
| Billionaire Drops Plan For Casino In Spain New York Times |
MADRID — Sheldon G. Adelson, the billionaire casino magnate, on Friday abandoned his plans to build a $30 billion gambling and leisure resort on the outskirts of Madrid after failing to win financial concessions and other favors from the Spanish government ...
| Dow Jones index slightly higher after 3-day downturn Houston Chronicle |
A record-breaking rally in stocks paused this week as investors contemplate what's next for the market. Stocks closed slightly higher on Friday, but not enough to avoid a second losing week in a row. Indexes reached record highs as recently as Monday, but ...
| Toyota, in settlement mode, reaches deal in W. Virginia acceleration case Los Angeles Times |
A day after opening talks to resolve hundreds of sudden-acceleration cases in federal and state court in California, Toyota Motor Corp. has settled a separate lawsuit, filed in West Virginia. On Friday, the Japanese automaker reached a confidential agreement ...
| Eyes on Fed Stimulus, Investors Take a Hiatus New York Times |
The rally that has driven stocks to records paused this week as investors tried to figure out where things are headed. Stocks were mixed on Friday and posted their second weekly loss in a row. Indexes reached records as recently as Monday, but then ...
| Chinese Military Ship Confronts US Cruiser Amid Tensions (1) Businessweek |
A U.S. Navy guided-missile cruiser had a confrontation with a Chinese military ship on Dec. 5 in the South China Sea, underscoring rising tensions in the region over China's newly declared air-defense zone. The USS Cowpens, operating in international ...
| McClendon works with IPO to raise up to $2bn Financial Times |
A partnership linked to Aubrey McClendon, one of the pioneers of the US shale gas revolution, is seeking to raise up to $2bn from investors but warning that it involves "a high degree of risk". American Energy Capital Partners, a newly-formed firm that will be ...
| Report asserts the Vatican should police its bank better Boston Globe |
VATICAN CITY — The Vatican has made significant efforts to implement financial reforms complying with international transparency and antimoney-laundering standards, but the Holy See's internal watchdog agency needs to step up its controls of the ...
| Regulators close bank in Texas Houston Chronicle |
WASHINGTON (AP) — Regulators have closed a small bank in Texas, bringing the number of U.S. bank failures to 24 this year. The Federal Deposit Insurance Corp. said Friday it has taken over Texas Community Bank NA, based in The Woodlands, Texas.
| Quinn backs tax review Chicago Tribune |
Gov. Pat Quinn is backing a review of tax breaks he and lawmakers have granted to nearly a dozen businesses the last several years, saying the state needs to take a comprehensive look at the incentives and must consider changing how much corporations ...
| Amazon said to launch Pantry to take on Costco, Sam's USA TODAY |
SAN FRANCISCO — Amazon.com is working on a new business called Pantry that will help it expand further into the giant consumer package goods market and take on warehouse club stores Costco and Wal-Mart's Sam's Club, according to three people ...
| BlackBerry Extends Purchase Option Deadline for Additional Convertible ... Wall Street Journal |
WATERLOO, ONTARIO--(Marketwired - Dec. 12, 2013) - BlackBerry Limited (NASDAQ:BBRY)(TSX:BB), a world leader in mobile communications, announced today that it has agreed with Fairfax Financial Holdings Limited and the holders of a requisite ...
| Amazon pressed on gun accessory sales, a year after Newtown Reuters Canada |
By Ross Kerber. BOSTON (Reuters) - Activist investors have asked Amazon.com Inc to review its sales of firearms accessories, concerned that the online retailer offers products that could be used to convert semi-automatic rifles into weapons that fire too ...
| US stocks fall for a third straight day Businessweek |
The stock market fell to its lowest level in a month Thursday as investors worried that the end may be nearing for the Federal Reserve's support for the economy. The Fed's stimulus efforts have been a key factor in the bull market that has pushed the Standard ...
| Oil futures lose ground as Libyan news weighs MarketWatch |
HONG KONG (MarketWatch) -- Oil futures struggled to make progress on Friday as expectations of a resumption of Libyan oil exports still weighed on the market. Crude oil for January (NMN:CLF4) fell 1 cents to $97.50 a barrel in electronic trading. The drop ...
| Most Americans Don't Know Bitcoin While Some Guess Xbox Businessweek |
A pile of Bitcoins that were just made are arranged for a photograph in Sandy, Utah. Introduced in 2008 by a programmer or group of programmers under the name Satoshi Nakamoto, Bitcoin gained credibility after law enforcement and securities agencies ...
| US Import Prices Down 0.6% in November Wall Street Journal |
WASHINGTON–Prices of goods imported into the U.S. fell in November for the second straight month, the latest sign of falling energy prices and slow growth overseas keeping inflation subdued at home. Overall import prices fell by 0.6% from a month earlier, ...
| Texas Industries working with Citi on possible sale: Bloomberg Reuters |
(Reuters) - Construction material supplier Texas Industries Inc's (TXI.N) owners are exploring a sale of the company and are working with Citigroup to find a buyer, Bloomberg reported on Thursday, citing three people with knowledge of the matter.
| Nimble Storage Announces Pricing of Initial Public Offering MarketWatch |
SAN JOSE, Calif., Dec. 12, 2013 /PRNewswire via COMTEX/ -- Nimble Storage, Inc. (NYSE:NMBL) , a leading provider of flash-optimized hybrid storage solutions, today announced the pricing of its initial public offering of 8,000,000 shares of its common stock ...
| Greek banks' ECB funding falls in November, ELA rises Reuters |
ATHENS Dec 12 (Reuters) - European Central Bank funding to Greek banks fell by 1.79 billion euros ($2.47 billion) in November, while emergency liquidity assistance (ELA) from the country's central bank rose by 1.47 billion euros, the Bank of Greece said on ...
| Wall Street dips on taper uncertainty, Facebook rallies Reuters India |
NEW YORK (Reuters) - U.S. stocks dipped on Thursday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus. Profit-taking also played a part in the ...
| Carolinas, Other States To Boeing: Oh Oh, Pick Me! WFAE |
In its factory in Monroe, Cyril Bath produces U-shaped parts for the Boeing 787 Dreamliner. "We've got just what you need." That's basically what Boeing is hearing this week from leaders in the Carolinas, Missouri, California and about a dozen other places.
| Staff Changes Lead To Some Restructuring At The FHFA Mortgageorb |
Due to the retirement of Jeffrey Spohn, deputy director of the office of conservatorship operations for the Federal Housing Finance Agency (FHFA), next month, the FHFA will be combining two offices managing conservatorship-related matters into a new ...
| Berkshire lawmakers seek federal help to reverse Time Warner's NECN decision Berkshire Eagle |
The region's legislative delegation is calling on federal lawmakers for help in their push to reverse Time Warner Cable's decision to cut New England Cable News from Berkshire County's channel lineup. In a letter to U.S. Sens. Elizabeth Warren and Edward ...
| Central Bank Cancels 3 More Bank Licenses The Moscow Times |
The Central Bank revoked the licenses of three mid-sized Russian lenders Friday, as the authorities ratchet up regulation of the country's banking sector. The operations of Investbank, the country's 84th largest bank by assets according to banking website ...
| The Case For A December Taper Just Got A Whole Lot Stronger Business Insider |
A sign language interpreter translates remarks by U.S. Federal Reserve Chairman Ben Bernanke (R) at the National Economists Club annual dinner at the U.S. Chamber of Commerce in Washington, November 19, 2013.
| Three-dimensional policy drives steady growth ecns |
A three-dimensional policy focusing on the macro economy, micro economy and social security has led to steady growth of the Chinese economy in 2013 amid uncertain post-crisis recovery worldwide. China's macroeconomic data released this week show ...