Dec 17, 2013

Google Alert - Business News

News 38 new results for Business News
Report: IRS vendor owed $525M in back taxes USA TODAY
WASHINGTON (AP) — The Internal Revenue Service has been doing business with nearly 1,200 vendors that owe back taxes, including one unnamed contractor that owed a whopping $525 million, a new inspector general's report says. Altogether, 1,168 ...
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Pool of underwater home mortgages shrinks 40% USA TODAY
Rising home prices helped lift 4.2 million U.S. homeowners out of underwater territory on their home loans in the past year, market researcher CoreLogic reports. As of the third quarter, 6.4 million homeowners with a mortgage still owed more on their homes ...
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Hawkier Bernanke should lay groundwork for pullback CNBC.com
It should be a slightly more hawkish Ben Bernanke presiding over his final press briefing Wednesday, even though many Federal Reserve watchers say odds are against a move to taper back on stimulus just now. Certainly Wall Street is prepared to hear the ...
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William Morris Endeavor, Silver Lake near deal for IMG Worldwide Los Angeles Times
Hollywood talent agency William Morris Endeavor along with private equity firm Silver Lake Partners are finalizing a deal to acquire IMG Worldwide Inc., the sports and media entity that represents the likes of NFL star Peyton Manning and pop singer Taylor ...
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Consumer Prices Steady As Fed Weighs Next Move New York Times
WASHINGTON — Consumer prices were unchanged in November, held down by falling gasoline prices. Inflation remained low across the broader economy. The flat reading of the Consumer Price Index last month came after a drop of 0.1 percent in October, ...
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Japan's trade deficit soars on fuel import costs Washington Post
TOKYO — Japan's trade deficit has ballooned 35 percent from a year ago as fuel imports have soared following the 2011 nuclear catastrophe. The government said Wednesday the trade deficit for November totaled 1.29 trillion yen ($12.9 billion) compared to ...
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European Factors to Watch-Shares seen lower, Fed in focus Reuters
LONDON Dec 17 (Reuters) - European shares headed for a weaker open on Tuesday, with some caution ahead of a policy meeting at which the U.S. Federal Reserve could decide to trim its stimulus prompting investors to take profits. A majority of economists ...
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Sources: ADM to open headquarters in Chicago Seattle Post Intelligencer
CHICAGO (AP) — Archer Daniels Midland Company will move its global headquarters to Chicago, two people with knowledge of the decision said Tuesday. They said the company plans to announce the move Wednesday. The two people spoke to The ...
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Private exchanges: Obamacare shopping still not ready CNN International
Washington (CNN) -- Private health insurance exchanges still are not able to directly enroll consumers in subsidized health plans offered through Obamacare even though the government has said problems doing so should have been cleared up weeks ago.
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European auto registrations rise in November MarketWatch
New car registrations in the European Union rose for the third consecutive month in November, as the demand for cars in the region continued to recover from the low levels not seen since the early 1990s. November new car registrations, a mirror of sales, ...
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GM to cut South Korean jobs as Chevy pullout looms in Europe Chicago Tribune
SEOUL (Reuters) - General Motors Co plans to slash its headcount in South Korea next year as it prepares to withdraw its Chevy brand in Europe, a major export market for South Korean-made cars. GM Korea CEO Sergio Rocha has said it plans to launch a ...
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AP Survey: US Income Gap Is Holding Back Economy ABC News
The growing gap between the richest Americans and everyone else isn't bad just for individuals. It's hurting the U.S. economy. So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a ...
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US stocks close sharply higher a day ahead of Fed gathering CNBC.com
U.S. stocks surged on Monday, with the Dow and the S&P 500 bouncing back from two consecutive weekly declines, as Wall Street tried to measure what's ahead for monetary stimulus one day ahead of a two-day Federal Reserve meeting. "Last week's sell ...
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AAA: Year-End Holiday Auto Travel in US Seen Up 0.9% vs. Year Ago Wall Street Journal
NEW YORK--The number of Americans traveling by car over the Christmas and New Year's holiday period will rise 0.9% from a year earlier, travel group AAA said Tuesday. AAA forecast that 94.5 million Americans would be traveling 50 miles or more ...
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Treasuries Are World's Worst Performers as Fed Considers Taper Bloomberg
Treasuries were the world's worst-performing bonds this year before the Federal Reserve starts a two-day meeting today to decide whether to reduce its debt-buying program. U.S. government securities due in a decade and longer have fallen more than 11 ...
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Amazon Prime Offers Free Holiday Shipping through Sunday, December 22 Wall Street Journal
Customers can order as late as midnight EST, Sunday, Dec. 22, to receive delivery before Christmas with Free Two-Day Shipping SEATTLE--(BUSINESS WIRE)--December 16, 2013--. Amazon Prime members can order gifts as late as midnight EST on ...
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Budget Deal Heads for Senate Approval as More Republicans Give Support New York Times
WASHINGTON — Support for a compromise two-year budget deal grew ahead of a Tuesday vote in the Senate as Republicans concluded they could not allow a measure that passed the House with overwhelming bipartisan support to die in Congress's upper ...
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SEC Calls for Stiff Penalties Against Tourre New York Times
Fabrice Tourre, a former Goldman trader, was found liable in August for defrauding investors Justin Lane/European Pressphoto Agency Fabrice Tourre, a former Goldman trader, was found liable in August for defrauding investors. Four months after being ...
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The Outrageously Silly Argument Against Uber's Surge Pricing Reuters
When did getting a ride home become an inalienable right? A Twitter controversy over the weekend involving car service Uber laid bare how far some people have come in misunderstanding privilege and rights. Here's what happened: It snowed in New York ...
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IBM Unveils 5 Smart Technology Trends For The Next 5 Years Forbes
IBM 5 in 5 When technology pioneer Alan Kay said "the best way to predict the future is to invent it," he might as well have been talking about IBM, whose innovations include Silicon Germanium chips, relational databases and most recently, Watson.
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Moody's downgrades Venezuela, warns of economic collapse Reuters
(Reuters) - Moody's Investors Service downgraded Venezuela's credit rating on Monday and warned it could cut them again given what it saw as the growing risk of an economic and financial collapse in the country. It was the second ratings downgrade in just ...
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Insider-Trading Case May Hinge on 2-Minute Phone Call Wall Street Journal
The fate of Michael Steinberg, the SAC Capital Advisors LP portfolio manager accused of insider trading, could come down to what jurors think of one two minute-long phone call. The phone call happened between Mr. Steinberg and former SAC analyst Jon ...
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Boeing Waves a Red Flag at a Union Bull Wall Street Journal
Here's a quick lesson in how to enrage your adversaries, courtesy of America's leading airplane manufacturer. Boeing has had a famously rocky relationship with its biggest union in recent years, and it got even more strained last month when the International ...
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Toys R Us will open 87 straight hours before Christmas Los Angeles Times
Shoppers struck by the urge to purchase Power Rangers action figures at 3 a.m. Tuesday are in luck: Toys R Us will stay open for 87 hours straight from 6 a.m. Saturday through 9 p.m. Christmas Eve. The retailer is just one of many vying for precious ...
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Nigerian Inflation Quickens to 7.9% in November, Agency Says Bloomberg
Nigeria's inflation quickened in November, the first uptick in four months, mainly on higher food prices, the statistics office said. Inflation was 7.9 percent last month, up from 7.8 percent in October, the Abuja-based National Bureau of Statistics said in an ...
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Liquor privatization battle brews in Oregon as grocers file initiative petitions OregonLive.com
Liquor sales in Oregon could be expanded to large grocery outlets, either by legislative action or by a proposed ballot measure that would privatize the industry. (Faith Cathcart / The Oregonian). Print · Harry Esteve | [email protected] By Harry Esteve ...
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HP CEO gets big pay hike after 2013 stock rally Reuters Canada
SAN FRANCISCO (Reuters) - Hewlett-Packard Chief Executive Meg Whitman gave up her symbolic $1 salary and now draws an annual base salary of $1.5 million, reflecting the 93 percent rise in the company's stock so far this year. Whitman, HP's third CEO ...
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Delta challenges Alaska on Seattle-Juneau flights Ktoo
Delta challenges Alaska on Seattle-Juneau flights Delta Air Lines is resuming its long-dormant Seattle-Juneau flights. But they'll only happen once… Economy · Business 218; Energy & Mining 240; Fisheries 35; Tourism 18; RSS Feed ...
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Obama To Meet Tech Execs Over NSA Spying, Obamacare Website TIME
President Barack Obama will meet with many of Silicon Valley's best-known executives Tuesday at the White House to discuss the troubled Healthcare.gov website and controversial surveillance programs run by the National Security Agency, the ...
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Filing claims can double your auto insurance premiums NBCNews.com
Sure, you've had a perfect driving record until now, but a new study warns that putting in a claim on your car insurance can be unexpectedly costly – and you might wind up spending more than you get back. A single "at-fault" claim will result in an average ...
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Remakes of properties, work on Resorts World expected to enliven Las Vegas ... Las Vegas Review-Journal
The stalled Echelon Place construction site and former Stardust site is seen Dec. 2, 2013. Malaysia-based Genting Group bought the 87-acre development from Boyd Gaming Corp earlier this year and plans to build a $2 billion hotel-casino complex.
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Are America's jobless expendable in budget deal? Canton Daily Ledger
A budget agreement has been reached in Congress but it ignores the long-term jobless, and if legisltors don't renew the current extended federal unemployment insurance (UI) program, 1.3 million jobless Americans will be cut off from UI on Dec. 28 and an ...
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NPR
European Economics Preview: Eurozone Inflation, German ZEW Survey Due RTT News
Inflation figures from Eurozone and the U.K. and economic sentiment survey from Germany are due on Tuesday, headlining a hectic day for the European economic news. The European Automobile Manufacturers' Association is slated to release new car ...
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Jabil Circuit Lowered to "Underperform" at Zacks (JBL) WKRB News
Jabil Circuit Inc. logo Zacks downgraded shares of Jabil Circuit (NYSE:JBL) from a neutral rating to an underperform rating in a research note released on Friday morning, ARN reports. They currently have $17.00 target price on the stock. Zacks' analyst wrote ...
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Prediction time: Breaking down 2014 Social media trends - Social TV, Facebook ... WCPO
A Facebook post about the future of social media would probably read "Pics trump the paragraph and get ready for the return of an old friend." Here's our list of #2014SocialMediaTrends: #1 - Show! Don't Tell: Let's face it, Facebook will always have a place in ...
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Who is Moti Ben-Moshe? Haaretz
Who is Moti Ben-Moshe? The 38-year-old businessman who has won creditors' backing to gain control of IDB is all about discounting, not plush corporate suites. By Hagai Amit | Dec. 17, 2013 | 6:26 AM. Tweet. Moti Ben-Moshe. Text size. Comments (0).
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Spotlight on economy: Data may show quiet inflation, optimistic home builders MarketWatch (blog)
The consumer price index has risen just 1.0% in the 12 months ended in October. And it's only up 1.7% excluding food and energy, a number known as the core rate of inflation. Both figures are well below the Federal Reserve's 2% to 2.5% target. The story is ...
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Tokyo: Stocks open 0.91% higher Business Times (subscription)
[TOKYO] Tokyo stocks opened 0.91 per cent higher Tuesday following gains on Wall Street as investors await a key US central bank policy meeting. The Nikkei 225 index gained 137.31 points to 15,290.22 at the start. US stocks Monday jumped following a ...
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