GM to stop Holden production in Australia CNN General Motors said Wednesday it will close its Holden production facilities in Australia, a move that will cost thousands of jobs and casts doubt on the future of the country's struggling auto sector. The decision to end manufacturing by the end of 2017 will ... | |
Facebook added to S&P 500 and S&P 100 indexes USA TODAY Facebook, the No. 1 social networking company, gained even more status with investors Wednesday after being added to the popular Standard & Poor's 500 index. The company, which sold shares to the public for the first time in 2012, is replacing electronic ... | |
Asian shares lose altitude, bonds underpinned Reuters SYDNEY (Reuters) - Most Asian share markets lurched lower on Wednesday as investors booked profits on a range of once-crowded positions, largely to the benefit of bonds and the detriment of the U.S. dollar. News that U.S. budget negotiators had reached ... | |
UPDATE 3-Israel's Fischer picked to be next Fed vice chair -source Reuters ... Print. * White House offered job to former head of Bank of Israel * Seen as 'very proactive with dovish bias when necessary' * Another chapter in personnel, policy transition at Fed By Steven Scheer and Jonathan Spicer Dec 11 (Reuters) - Stanley Fischer, ... | |
Fortis Agrees To Buy UNS Energy Wall Street Journal The $60.25 per-share offer, which Fortis intends to pay in cash, is a 31% premium to UNS's closing price Wednesday. Investors cheered the news, sending UNS shares up 30% to $59.52 in after-hours trading. Fortis will also assume about $1.8 billion of debt ... | |
Once Sunken Towboat Ready to Move to Repair Docks ABC News A Mississippi River towboat that partially sank slightly more than two weeks ago began a 350-mile trip Wednesday to a St. Louis-area repair facility, a U.S. Coast Guard spokesman said. "She's well on her way," Coast Guard Lt. Colin Fogarty said shortly after 4 ... | |
Detroit's Water Drains Away From Ravaged Pipes ABC News Torrents of water spew from broken pipes in Detroit's Crosman School, cascading down stairs before pooling on the warped tile of what was once a basketball court. No one knows how long the water has flowed through the moldy bowels of the massive ... | |
WTI Oil Swings After Dropping Most in Two Weeks on Fuel Supplies Businessweek West Texas Intermediate crude swung between gains and losses after dropping the most in two weeks as gasoline and distillate inventories rose more than forecast in the U.S., the world's biggest oil consumer. Futures were little changed in New York after ... | |
Pay gains for young women; inequality still seen Seattle Post Intelligencer WASHINGTON (AP) — Young American women are increasingly likely to receive pay nearly equal to their male counterparts, with earnings at 93 percent of men, a new study finds. Still, those women remain as pessimistic as their mothers and grandmothers ... | |
TCF to close a downtown Minneapolis branch San Francisco Chronicle MINNEAPOLIS (AP) — TCF Financial Corp. says it will close a downtown Minneapolis branch and 37 located in grocery stores in the Chicago area. The closings will take place by the end of March. The Wayzata-based bank company says the move comes ... | |
Conventioneers' credit card data stolen in Boston Boston Globe Hundreds of attendees at two large conventions in Boston this fall have reported that their credit card information was stolen and was used to purchase goods around the country and overseas. Though it is unclear how the thefts occurred, many of the victims ... | |
Pilot who crashed at SFO worried about landing TVNZ The pilot of the jet that crash-landed at San Francisco's airport this year worried privately before takeoff about handling the Boeing 777, especially because runway construction meant he would have to land without any help from a common type of guidance ... | |
Illinois trying to land new Boeing facility WICS-TV CHICAGO (AP) -- Illinois is among the states trying to land Boeing's new aircraft manufacturing plant. The Chicago-based company is choosing a location to build its new 400-seat 777X jetliner. The Chicago Sun-Times reports (http://bit.ly/1do7BNP) the state ... | |
Blackstone's Hilton Joins Ranks of Biggest Deal Paydays Bloomberg Dec. 11 (Bloomberg) -- Robert Nardelli, senior advisor at Cerberus Capital Management and Daniel Hurwitz, CEO at DDR Corp., discuss the Hilton IPO and the implementation of the Volcker Rule on Bloomberg Television's "Bloomberg Surveillance." ... | |
Silicon Valley must keep the spies out Financial Times The internet and social network companies of Silicon Valley enjoy one of the world's most attractive business models. Offer a free service, collect personal data, use it to lure advertisers, and expand seamlessly across the US and around the world to millions of ... | |
Inditex 9-Month Net Profit Edges Higher on Strong Expansion Wall Street Journal MADRID--Spanish retailer Inditex SA's (ITX.MC) nine-month net profit rose 1% on year as the company opened more stores and online operations in Russia, it said on Wednesday. Net profit in the nine months ended Oct. 31 rose to 1.67 billion euros from ... | |
The Healthcare.gov Debacle Will Make The Feds More Powerful Forbes The implementation of healthcare.gov has flopped spectacularly. And, recently, the White House shot its other foot when it told 5 million Americans that they can keep their individual policies when, in fact, they can't, and many in and out of government knew ... | |
The Best Companies To Work For In 2014 Forbes Boston-based consulting giant Bain & Co. finds itself at the top of several prestigious rankings. It holds the No. 2 spot on Vault's Consulting 50; it has been named the Best Firm to Work For by Consulting magazine for eleven consecutive years; it ranks among ... | |
Discovery Weighs Bid for Food Network Owner Wall Street Journal Such a deal would combine two cable-channel owners that specialize in nonfiction television and which between them have a market capitalization of about $43 billion. Discovery owns the Discovery Channel, Animal Planet and TLC, while Scripps's channels ... | |
General Motors Names Mary Barra as CEO Wall Street Journal General Motors named Mary Barra as its first female CEO, replacing Dan Akerson, who will retire next year. WSJ's Joe White joins MoneyBeat. DETROIT— General Motors Co. GM -0.63% General Motors Co. U.S.: NYSE $40.14 -0.26 -0.63% Dec. 11, 2013 ... | |
End of Fee Fillip Will Slow Costco's Growth Wall Street Journal Depending on whether you are under 21 or way over, getting carded can be an unpleasant experience or a flattering one. Budget-conscious customers in the checkout aisle at Costco Wholesale Corp. COST -1.33% Costco Wholesale Corp. U.S.: Nasdaq ... | |
World Bank's Kim Says Fed Communication May Offset QE Taper Risk Bloomberg World Bank President Jim Yong Kim said risks to developing nations as the Federal Reserve slows its bond buying will be reduced by clear communication about the exit and offset by a faster U.S. economic expansion. "If the tapering is communicated ... | |
RBS turmoil as finance chief Nathan Bostock heads for the door The Times (subscription) Already reeling amid furious public criticism over its business lending practices and creaking computer systems, Royal Bank of Scotland suffered another blow last night when it emerged that its finance director is departing after only two months in the job. | |
China Auto Sales Gain 16% as Japan Automakers Extend Rebound Bloomberg General Motors Co.'s Cadillac ATS vehicles are displayed at the 11th China (Guangzhou)... Read More. General Motors Co.'s Cadillac ATS vehicles are displayed at the 11th China (Guangzhou) International Automobile Exhibition in Guangzhou. General ... | |
Asia stocks down on prospect of Fed stimulus cut Businessweek MANILA, Philippines (AP) — Asian stocks were mostly down Wednesday as investors factored in the prospect of the Federal Reserve reducing its lavish monetary stimulus this month. Japan's Nikkei 225 fell 1.1 percent at 15,436.50 and Hong Kong's Hang ... | |
Alaska Airlines Enhances Mileage Plan Program, Members Can Earn Elite ... Wall Street Journal SEATTLE, Dec. 10, 2013 /PRNewswire/ -- Starting Jan. 15, 2014, Alaska Airlines Mileage Plan members will be able to earn elite qualifying miles on all 12 of the carrier's international partners, including British Airways, Cathay Pacific, Fiji Airways, Korean Air ... | |
NASA Audit: Google Founders Received Jet-Fuel Discount Wall Street Journal The audit, by NASA Inspector General Paul Martin, called on NASA to explore whether to recoup the money from H211 Inc., a private company that operates aircraft owned by Google co-founders Sergey Brin and Larry Page, along with Google Chairman Eric ... | |
Global Markets: Asian shares dip to 4-week low on Fed tapering worry GMA News TOKYO - Asian shares slipped to a four-week low on Thursday on heightened expectations the Federal Reserve may act sooner than later to unwind its stimulus after a provisional budget deal in Washington eased some of the fiscal drag on the US economy. | |
China should raise retirement age Xinhua BEIJING, Dec. 10 (Xinhua) -- Raising the retirement age in progressive steps is in line with China's labor market realities and should be prioritized, an official said Tuesday. Hu Xiaoyi, deputy head of the Human Resources and Social Security Ministry, told ... | |
Fitch Rates New York Tobacco Settlement Financing Corp State Contingency ... HispanicBusiness.com Fitch Ratings assigns an 'AA-' rating to the following Tobacco Settlement Financing Corp. asset-backed revenue bonds: -- $662,545,000 series 2013A (state contingency contract secured); -- $568,075,000 series 2013B (state contingency contract secured). | |
Tech Recap: BlackBerry Ltd (NASDAQ:BBRY), Twitter Inc (NYSE:TWTR) Market News Call Failing smartphone maker BlackBerry Ltd(NASDAQ:BBRY) has been keeping a low profile since the firm hired turnaround artist John Chen to run the company early in November. Shares of the company's stock are down 11% since Chen's appointment, not ... | |
Amazon drones under attack MobyLives Nicholas Lund argued in Slate this week that Amazon's new drone program has underestimated its most powerful competitors. He's not talking about publishers and collusion: he's talking about birds and collision. According to the Federal Aviation ... | |
GM wins ruling over $450M retiree health dispute The Morning Sun DETROIT (AP) — A judge says General Motors has no legal obligation to make a $450 million payment for medical benefits for certain blue-collar retirees. The payment was part of a 2007 agreement between GM and the United Auto Workers before the old ... | |
The Republican Health Care Plan San Francisco Chronicle (blog) Boosters of the Obamacare plan like to ask: So what's the Republican plan? If Republicans don't have a plan, they seem to think, it's OK that President Obama lied to voters about how his plan would work. (In my Tuesday column, I report on Californians who ... | |
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