Dec 30, 2013

Google Alert - Business News

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Mass. AG: Countrywide to pay $17.3M in settlement Boston.com
BOSTON (AP) — The Massachusetts state employees' pension fund will receive more than $11 million as part of a settlement with Countrywide Securities Corp., state Attorney General Martha Coakley said Monday. The settlement was announced as part of ...
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Warren Buffett's firm buying Phillips 66 unit USA TODAY
OMAHA, Nebraska (AP) — Warren Buffett's company has agreed to trade roughly $1.4 billion of its stock in Phillips 66 for one of the refiner's chemical businesses. Houston-based Phillips 66 said Monday that Berkshire Hathaway will give up about 19 million ...
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Oil Futures Supported by Bullish US Oil Data Wall Street Journal
Crude-oil futures edged up in Asian trading hours on Monday as investors considered bullish weekly U.S. oil inventory data and developments in Libya and South Sudan. On the New York Mercantile Exchange light, sweet crude futures for delivery in February ...
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Walgreen offers month of prescriptions to backlogged Obamacare enrollees Chicago Tribune
Walgreen Co said on Monday it will provide a month's supply of certain prescriptions at no upfront cost to U.S. participants who have not yet received a plan identification number under President Barack Obama's signature healthcare law. The offering comes ...
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GLOBAL MARKETS-World stock index hits 6-year high, euro gains Reuters
... slideshows. * S&P index set for biggest annual rise in 16 years * Japanese stocks on track for best year since 1972 * Euro near 5-year high vs yen, two-year high vs dollar * U.S. benchmark yields slip below 3 percent By Richard Leong NEW YORK, Dec 30 ...
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Wall St. closes mostly flat, but Dow hits record Reuters
NEW YORK (Reuters) - Stocks closed mostly flat on Monday, with the Dow edging up to another record closing high and the S&P 500 index's advance stalling in response to light trading volume and weaker-than-forecast housing data. The benchmark S&P ...
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GM Starts Record 1.46 Million China Recall Since Tougher Law Bloomberg
A General Motors Co. Buick Excelle stands on display at the GM Buick Yongda dealership in Shanghai. A General Motors Co. Buick Excelle stands on display at the GM Buick Yongda dealership in Shanghai. Close. Close. Open. Photographer: Qilai Shen/ ...
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Ford to be 2013's best-selling car brand in US USA TODAY
Ford has sold more than 2.4 million vehicles this year and expects to retain for 2013 its title over Toyota as the best-selling vehicle brand in North America. The Dearborn-based automaker expects to widen its lead with record sales of the Fusion, Escape and ...
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Legal pot sales begin amid uncertainty in Colo. The Seattle Times
Legal pot sales begin amid uncertainty in Colo. A gleaming white Apple store of weed is how Andy Williams sees his new Denver marijuana dispensary. By KRISTEN WYATT. Associated Press. Related. Most Popular Comments. Hide / Show comments.
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Chinese official: Soil pollution hurts farming Washington Post
BEIJING — A Cabinet official says more than 8 million acres of China's farmland is too polluted with heavy metals and other waste to be used for growing food. The comments Monday by Wang Shiyuan, a deputy minister of the Ministry of Land and Resources, ...
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Mondelez to Sell Snackwell's Stake to Private-Equity Firm Wall Street Journal
Brynwood Partners said it will combine SnackWell's with its Back to Nature cookies and granola business. It acquired a controlling stake in that business last year through a similar transaction with Mondelez, the snacks business spun out of Kraft Foods Inc.
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China, South Korea alarmed as yen slide threatens exporters Reuters
SEOUL (Reuters) - China and South Korea's anxiety over the rapidly falling yen came to the fore on Monday as senior officials said their exporters could be hurt by Japan's attempts to pull its moribund economy out of a two-decade slump. Beijing and Seoul ...
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Wells Fargo to pay $591 million to Fannie Mae in mortgage settlement Los Angeles Times
WASHINGTON — Wells Fargo & Co. said Monday it has agreed to pay $591 million to Fannie Mae to settle disputes over soured mortgages the bank sold to the seized housing finance giant during the subprime housing boom. The agreement covers loans ...
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Swiss stocks - Factors to watch on Dec 30 Reuters
ZURICH Dec 30 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Monday: SWATCH GROUP. A fire has destroyed one workshop and damaged another at Swatch Group's watch mechanism subsidiary, the Swiss firm ...
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Mass-Transit Commuters Face a Hit Wall Street Journal
WASHINGTON—An expiring tax-code provision means commuting by mass transit will cost some people more when the new year begins Wednesday. The maximum monthly tax exemption for transit riders is set to drop to $130 in 2014, while the benefit for ...
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POWER OUTAGE: MidAmerican Employees Working Outside whotv.com
While most stayed inside on Sunday, some people had to brave the elements so others could stay warm. MidAmerican Energy Company employees said they frequently have to work outside during the worst weather, because bad weather is often the cause ...
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Business Highlights Businessweek
The average amount of electricity consumed in U.S. homes has fallen to levels last seen more than a decade ago, back when the smartest device in people's pockets was a Palm pilot and anyone talking about a tablet was probably an archaeologist or a ...
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UPDATE 1-European Factors to Watch-Shares set to pause at 5 year highs Reuters
LONDON Dec 30 (Reuters) - European stocks were seen steadying on Monday after two weeks of strong gains that have pulled markets to five-year highs, with a risk that Italian lender Monte Paschi could be nationalised in focus in what could otherwise be a ...
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FOREX-Yen slides to 5-yr low, euro near 2-yr high vs dlr Reuters
... slideshows. * Investors optimistic on 2014 global economy, positive on risks. * Yen hampered by expectations of more BOJ easing. * Euro helped by year-end buying, ECB comments. By Hideyuki Sano. TOKYO, Dec 30 (Reuters) - The yen dropped to ...
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What Social Media Managers Need To Know About Facebook In 2014 Forbes
For many of us, it's hard to believe that 2013 is almost over. It was a big year for social media, as Twitter went public, Snapchat rejected a $3B offer from Facebook and the emergence of mobile as a primary device caused advertisers to scramble to reach their ...
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Stocks: Break out the champagne! CNN
It's been a terrific year for stocks and investors are hoping 2013 goes out on a high note. The final two weeks of the year are typically good for stocks, a phenomena known on Wall Street as the Santa Claus rally. Over the past 100 years, the Dow has gained in ...
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Drone enthusiasts, FAA on legal collision course San Francisco Chronicle
Well before Amazon.com introduced the idea of commercial drone deliveries to the public imagination, U.S. regulators were telling people flying these unmanned devices to ground their gadgets and to file for a permit. The Federal Aviation Administration has ...
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US 10-year notes in longest losing streak during 6 months Economic Times
US treasury 10-year notes fell for a sixth straight week, the longest stretch since June, as signs of a quickening economic recovery boosted speculation the Federal Reserve will keep cutting debt purchases. ET SPECIAL: Save precious time tracking your ...
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Ex-Labor secretary Reich holds court San Jose Mercury News
Former Labor Secretary Robert B. Reich, who served in the Clinton administration, warned during an interview of the perils of widening income inequality in the United States, excessive executive compensation and the future of labor. Reich is promoting his ...
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14 Haunting Portraits of Life After Nuclear Disaster Mother Jones
On April 26, 1986, an explosion at the Chernobyl nuclear power plant changed history, sending radiation and political shockwaves across Europe. Radioactive fallout contaminated 56,700 square miles of Ukraine, Belarus, and Russia, a region larger than ...
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Bob's Discount Furniture in Stoughton evacuated after bomb scare Enterprise News
An unidentified man went into Bob's Discount Furniture on Sunday making claims that a nuclear bomb had gone off, leading authorities to evacuate the store, police said. The man was sent by ambulance to a local hospital for a mental health evaluation, ...
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International markets roundup Sydney Morning Herald
AAP. A roundup of trading on major world markets: NEW YORK - US stocks closed slightly lower as the market paused after a torrid multi-day rally that repeatedly set new records. The Dow Jones Industrial Average lost a scant 1.47 (0.01 per cent) at 16,478.41 ...
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People who absolutely, positively don't give a damn Athens NEWS
Last week there were reports that United Parcel Service fell far behind in its delivery of Christmas packages. That is a sad thing, but I believe I know why it took place and am here to defend the people in the ubiquitous brown trucks. The reason, I think, ...
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Mixed messages on China debt The Australian
LOCAL government debt in China reached 20 trillion yuan ($3.7 trillion) at the end of 2012, almost doubling over two years, and it has kept rising. This is one finding from new official Chinese reports that reveal the reasons behind Beijing's growing anxiety ...
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This Man Wants Cracker Barrel. Will He Ever Stop Trying to Gobble It Up? DailyFinance
The ownership conflict behind the scenes at Cracker Barrel Old Country Store and Biglari Holdings is heating up as the calendar moves closer to 2014. In a letter sent on Christmas Eve to the Board of Directors at Cracker Barrel, Sardar Biglari, the Chairman ...
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Zim relaxes indigenisation laws iAfrica.com
President Robert Mugabe's government appears to have gone back on a threat to arrest foreign business owners still operating after the New Year saying that in fact they will be allowed to stay on. The controversial regulations, which were part of the ...
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3 Numbers to Watch: SP Retail, IT Conf., US pending home sales TradingFloor.com
Today's updates on retail sales for Spain and confidence in Italy's manufacturing sector will provide the year's final data points for evaluating macro conditions in the Euro zone. Later, we'll also see an update on the Pending Home Sales Index for the US.
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