Dec 4, 2013

Google Alert - Business News

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Madoff set clients' profits, witness testifies USA TODAY
NEW YORK — Ponzi scheme mastermind Bernard Madoff dictated specific rates of return for his investment clients — and even decreed one should never be stuck with losses — according to trial testimony on Wednesday. Testifying in the fraud case against ...
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Stolen radioactive material in Mexico found, no risk to population, official says Fox News
Stolen radioactive material that was reported missing in Mexico early Wednesday has been recovered and there's no risk to the surrounding population, a Mexican official said. The material had been onboard a truck that was reported stolen from a gas station ...
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Tesco U.K. Sales Fall as Grocer Loses Ground to Discounters Bloomberg
Tesco Plc (TSCO), the largest U.K. retailer, reported a renewed decline in domestic sales as its efforts to stave off discounters and more upscale competitors wavered. U.K. same-store sales fell 1.5 percent, excluding gasoline and value-added tax, in the fiscal ...
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Report: Seven in 10 students graduate from college with loans; average debt on ... Washington Post
More than 70 percent of college graduates in 2012 had student loans, and their average debt surpassed $29,000, according to an independent analysis of federal data made public Wednesday. Both figures were higher than what was found in a comparable ...
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Argentina tries to clean polluted Riachuelo river but 5-year effort shows little ... Fox News
BUENOS AIRES, Argentina – The picturesque La Boca district draws hordes of tourists to stroll its narrow streets lined with colorful buildings and eat at outdoor restaurants. Now it has a new, unwanted claim to fame: The Riachuelo river that flows through the ...
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Carl Icahn scales back demand for Apple to buyback shares Financial Times
Carl Icahn has dropped his demand for Apple to return an extra $150bn of its cash pile to investors, after finding little support among fellow shareholders in the iPhone maker. The activist investor scaled back his requests for a share buyback to about $50bn, ...
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Inside the Fed's Latest `Beige Book' Report Bloomberg
Dec. 4 (Bloomberg) -- Gains in manufacturing, technology and housing fueled "modest to moderate" economic growth from early October through mid-November, the Federal Reserve said today in its Beige Book business survey. Peter Cook has more on ...
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Dashed Adds Christmas Trees to Delivery Service PC Magazine
Online food delivery service Dashed has added the delivery of Christmas trees to customers in three U.S. cities, the company said this week. Dashed, which can be accessed on Foodler.com and delivers food from more than 500 restaurants in the Northeast, ...
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US trade deficit drops to $40.6 billion in October Imperial Valley Press
FILE - In this Wednesday, Oct. 23, 2013, file photo, container ships wait to be off loaded in a thick fog in Oakland, Calif. The government reports on the U.S. trade deficit for October on Wednesday, Dec. 4, 2013. (AP Photo/Ben Margot, File). Posted: Wednesday ...
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One in Four US Uninsured Plan to Remain That Way Gallup.com
PRINCETON, NJ -- Most Americans who currently lack insurance say they are likely to get it for next year, as required by the 2010 Affordable Care Act, also known as "Obamacare." But a substantial minority, currently 28%, say they are more likely to pay the ...
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Newsweek Plans Return to Print New York Times
Newsweek, the struggling weekly magazine that ceased print publication last year, plans to turn the presses back on. Add to Portfolio. IAC/InterActiveCorp · Go to your Portfolio ». The magazine expects to begin a 64-page weekly edition in January or February ...
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Stocks skid for third straight day; Dow drops below 16000 Los Angeles Times
The stock market suffered its first three-day losing streak since late September, an indication that share prices may have gotten ahead of themselves in this year's furious rally. The Dow Jones industrial average slid below 16,000 as portfolio managers ...
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Mayor to review laws after girl, 11, banned from selling mistletoe KATU
Mayor to review laws after girl, 11, banned from selling mistletoe »Play Video Madison Root, 11, shows off her new braces Tuesday. Her family didn't need the money for the braces but Root wanted to chip in by chopping, bagging and selling mistletoe.
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CEOs: ObamaCare Hurting Economic Rebound Fox Business
Uncertain corporate costs for President Barack Obama's healthcare reform law and other regulations continue to stymie U.S. employment and capital spending, business leaders said on Wednesday. Roughly 39 percent of U.S. chief executives cited regulatory ...
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EU Fines in Rate Case Expected Within Days Wall Street Journal
European Union antitrust authorities are set to hit a group of major banks with heavy fines as soon as Wednesday for allegedly colluding to rig interbank lending rates, people familiar with the matter said. The fines to be levied by the European Commission ...
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Diners not biting on KFC's China revival campaign Reuters
NEW YORK/SHANGHAI (Reuters) - Yum Brands Inc's (YUM.N) KFC website in China trumpets the slogan "Trust in every bite". That message is part of the company's new "I Commit" campaign intended to reassure customers in its largest market, who have cut ...
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New home sales surge in October Los Angeles Times
New home sales shot up in October, evidence that buyers nationwide may be absorbing higher mortgage interest rates. Sales of newly built single-family houses rose 25.4% from September to a seasonally adjusted annual rate of 444,000, the Commerce ...
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Sony Said to Begin Talks With Renesas to Acquire Chip Plant (2) Businessweek
A Renesas Electronics Corp. central processing unit (CPU) board and microcontrollers are arranged for a photograph in Soka City, Saitama Prefecture, Japan. Photographer: Kiyoshi Ota/Bloomberg. Sony Corp. (6758) is set to begin formal talks to buy a ...
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FOREX-Dollar slips as investors lock in gains before US jobs data Reuters
... slideshows. * Yen stays off of recent 5-year low vs euro. * Aussie tumbles to 3-month low after GDP disappoints. * Canadian dollar still shaky as BOC policy meeting looms. By Lisa Twaronite and Ian Chua. TOKYO/SYDNEY, Dec 4 (Reuters) - The dollar ...
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Oil Rises Most Since September on Keystone Pipeline Plan Bloomberg
West Texas Intermediate crude gained the most since September after TransCanada Corp. (TRP) said it will begin operating the southern leg of its Keystone XL pipeline to the Gulf Coast in January. Prices jumped to a one-month high, narrowing WTI's ...
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AMC Entertainment Theater Chain Seeks $368 Million in IPO Bloomberg
AMC Entertainment Holdings Inc. (AMC), the U.S. movie chain controlled by China's richest man, plans to raise as much as $368 million in an initial public offering that would value the company at up to $1.9 billion. AMC, based in Leawood, Kansas, will sell ...
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Smaller Mortgage Lenders Lead Field Wall Street Journal
Big banks have been retrenching from the mortgage business recently, leaving smaller players to pick up larger chunks of business. As of the third quarter, smaller mortgage players held a 60% market share of the U.S. origination market, up from 39% in 2009, ...
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US Stocks Drop for Third Day Amid Auto, Retail Reports Bloomberg
U.S. stocks declined for a third day, as investors assessed reports on car and retail sales before economic data this week that may offer clues on when the Federal Reserve will reduce stimulus. Ford Motor Co. lost 2.9 percent, as carmaker stocks slipped amid ...
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Gross's Bond Fund Had Redemptions of $3.7 Billion Last Month (1) Businessweek
Bill Gross's Pimco Total Return Fund (PTTRX:US), which lost its title as the world's largest mutual fund in October, had its seventh straight month of withdrawals in November as investors continued to flee bonds. Clients pulled an estimated $3.7 billion from ...
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India November Service Activity Shrinks Wall Street Journal
NEW DELHI—India's services-sector activity shrank for the fifth month in November as new orders fell, heightening worries about slowing economic growth and high inflation. The seasonally adjusted HSBC Service Sector Business Activity Index, prepared by ...
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Alabama looking to attract Boeing assembly plant Longview Daily News
Gov. Robert Bentley said Alabama will be among the states submitting a proposal next week to build Boeing's new 777X aircraft, and the proposal will stress more than just the money the state is offering. "We are a right-to-work state and that is vitally important ...
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Treasurys Rise As Investors Await Jobs Report Wall Street Journal
Treasury prices strengthened Tuesday, snapping a three-day losing streak, as investors await an update on the U.S. labor market, a key determinant in the Federal Reserve's decision in when to start reducing its quantitative easing program. In recent trade ...
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GLOBAL MARKETS-Asian shares seen pressured by revived Fed tapering talk Reuters
TOKYO Dec 4 (Reuters) - Asian shares could come under pressure on Wednesday after the world's share markets were rattled by fears of an impending reduction in the U.S. Federal Reserve's stimulus following positive U.S. data. European shares suffered ...
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'TipsforJesus' leaves thousands in tips USA TODAY
From San Francisco to Chicago, TipsforJesus is leaving large tips of up to $10,000 at restaurants. According to its Instagram page, the unnamed Good Samaritan(s) is "doing the Lord's work, one tip at time." (By the way, the USA TODAY Network would like ...
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IZEA to participate in FTC Native Advertising Workshop Wall Street Journal
ORLANDO, FL--(Marketwired - Dec 3, 2013) - IZEA, Inc. (OTCQB: IZEA), the leader in Sponsored Social, today announced that the company is attending the Federal Trade Commission's Native Advertising Workshop in Washington D.C. to provide perspective ...
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Tighter fraud filter needed for Obamacare tax credits-IRS watchdog Reuters
WASHINGTON Dec 3 (Reuters) - The Internal Revenue Service needs to be better prepared to stop possibly fraudulent claims for tax subsidies that some Americans will soon be able to get under the Affordable Care Act, the tax agency's inspector general ...
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Euro zone factory prices slump to nearly 4-year low in October Reuters
BRUSSELS (Reuters) - Euro zone producer prices fell more than expected in October, data showed on Tuesday, with the annual inflation rate at a nearly 4-year low in a fresh sign of a sharp fall in inflationary pressures. Prices at factory gates in the 17 ...
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APNewsBreak: Railroads to offer same-sex benefits Seattle Post Intelligencer
SEATTLE (AP) — The nation's largest freight rail carriers have announced they will provide health care benefits to the same-sex spouses of their employees, one day after legally married, gay engineers filed a federal lawsuit in Seattle. Gus Melonas, a ...
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Bombardier Names New Commercial Aircraft Sales Chief Wall Street Journal
Bombardier said Tuesday that Raymond Jones will take over as senior vice president of sales, marketing and asset management for its commercial aircraft unit. Mr. Jones is replacing Chet Fuller, who will leave Bombardier at the end of 2013 "to pursue other ...
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First 2 Wal-Mart stores to open in DC Washington Post
WASHINGTON — The first two Wal-Mart stores in the nation's capital are set to open. The retailer will hold simultaneous ribbon-cutting ceremonies at 7:30 a.m.Wednesday at its stores near Union Station and in the Brightwood neighborhood. The doors will ...
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Snapchat Scoops Up Facebook, Instagram Exec as COO Mashable
Snapchat added Emily White, the director of business operations at Instagram, as the company's new COO on Tuesday, according to AllThingsD. The now-former Facebook exec had been director of mobile partnerships at Facebook beginning in 2011, ...
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Ariz. agency to issue report in Hotshots deaths Houston Chronicle
PHOENIX (AP) — An Arizona agency tasked with investigating workplace violations related to the deaths of 19 firefighters will present its findings Wednesday, along with recommendations for financial penalties and citations against the state Forestry Division.
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Gov. Cuomo: Metro-North's Hudson Line will run 98% of regular service ... New York Daily News
The Metro-North Railroad will resume more than 98% of regular service on the Hudson Line for Wednesday's morning rush hour, Gov. Cuomo announced Tuesday afternoon. Following the deadly derailment near the Spuyten Duyvil Station in the Bronx early ...
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Strong US jobs report keeps markets in check San Francisco Chronicle
LONDON (AP) — A forecast-busting U.S. jobs report kept markets in check Wednesday as investors pondered the likelihood of an imminent monetary tightening from the Federal Reserve. A run of solid economic reports has ratcheted up expectations that the ...
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Moody's boosts Rockland's outlook to 'stable' The Journal News | LoHud.com
With a vote on its 2014 county budget set for Thursday, Rockland County has caught a second important credit rating break. Moody's Investors Service has boosted Rockland's credit rating outlook for borrowing new money to stable, up from negative.
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Congressman Pushes $27 Billion Tax Hike On Drivers TheNewspaper.com
Oregon congressman introduces legislation to boost transit programs by nearly doubling the federal gasoline excise tax. Earl Blumenauer The leading advocate of bicycling in the US Congress wants drivers to pay an extra $27 billion a year at the gas pump.
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Spotlight on economy: ADP jobs release to provide clues on key payrolls report MarketWatch (blog)
Can the U.S. jobs report for November end up as robust as October's surprising 204,000 gain? We'll get a hint with Wednesday's ADP employment report at 8:15 a.m. Eastern. ADP handles the payrolls for thousands of U.S. companies and many workers will ...
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NPR
WEDNESDAY: MoveOn Members in Cities Nationwide Protest McDonald's in ... eNews Park Forest
WASHINGTON--(ENEWSPF)--December 3 - On Wednesday, December 4, MoveOn members will be protesting at McDonald's locations in five cities - Seattle, San Francisco, New York, Los Angeles, and Chicago, and delivering a petition started by Low Pay is ...
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Big banks may ignore new lending standards The Real Deal Magazine (blog)
A number of the big banks will defy the tighter lending standards that are set to kick in next month, and will offer loans that don't meet the definition of a qualified mortgage, a new designation intended to show that borrowers can afford their mortgages.
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