Dec 17, 2013

Google Alert - Business

News 44 new results for Business
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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NCIS agent pleads guilty in bribery scandal, may get 20-year sentence Los Angeles Times
SAN DIEGO -- A Naval Criminal Investigative Service senior agent pleaded guilty Tuesday to two counts of bribery in a contracting scandal involving U.S. ships in the Asia-Pacific region. The two counts could lead to a sentence of 20 years in prison.
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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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NPR
Low Inflation Tests World's Central Banks Wall Street Journal
Inflation is slowing across the developed world despite ultralow interest rates and unprecedented money-printing campaigns, posing a dilemma for the Federal Reserve and other major central banks as they plot their next policy moves. U.S. consumer prices ...
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William Morris Endeavor Nears Deal to Buy IMG Wall Street Journal
One of the oldest names in the Hollywood talent business is close to a deal that would combine it with one of the premier companies representing sports stars and fashion models, the latest consequence of a rapid shift in the economics of Hollywood. William ...
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Federal Consumer Agency Sues Over Online Loans New York Times
It sounds like something from a movie: A $10,000 loan with an annual interest rate of nearly 90 percent, that costs more than $60,000 to repay. But borrowers actually paid those kind of costly terms, sometimes with triple-digit interest rates, for loans managed ...
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ADM to move headquarters to Chicago Chicago Tribune
Archer Daniels Midland Co. is expected to announce Wednesday that it will move its headquarters to Chicago without the state tax incentive the Decatur-based agriculture giant sought, the Chicago Tribune has learned. ADM will shift 60 to 75 jobs to Chicago ...
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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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HP's Whitman Gets Annual Pay Raise to $1.5 Million Wall Street Journal
Hewlett-Packard Co. said its board has approved an increase in Chief Executive Meg Whitman's base salary, bumping the computer maker leader's annual pay up to $1.5 million from $1. The move brings Ms. Whitman's salary to a competitive level among the ...
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GSK First Pharma Company to Stop Paying Doctors to Endorse Its Products TIME
GlaxoSmithKline has become the first major pharmaceutical company to quit the industry's decades-long practice of paying doctors to promote drugs to other doctors. Making the announcement on Monday, chief executive Andrew Witty denied that the move ...
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Japan exports rise 18.4% on year in November CNBC.com
Japan reported a trade deficit of 1.292 trillion yen ($12.56 billion) in November, slightly narrower than expectations for a 1.319 trillion yen deficit in a Reuters poll, data on Wednesday showed. Exports rose 18.4 percent on year marking their ninth consecutive ...
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AMC Entertainment IPO at $18 a Share Bloomberg
Dec. 17 (Bloomberg) –- Bloomberg's Paul Sweeney reports on the price per share of AMC Entertainment's stock, raising $331M in its public offering and the challenges the company faces. He speaks to Mark Crumpton on Bloomberg Television's "Bottom Line.
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GM to cut South Korean jobs as Chevy pullout looms in Europe Reuters
SEOUL (Reuters) - General Motors Co (GM.N) 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 ...
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Australia central bank: Rate cut still possible MarketWatch
SYDNEY--Australia's central bank said interest rates may still be cut again next year as the local currency remains "uncomfortably high," hindering a shift away from mining-dependent growth as a long resources boom slows. In minutes of its Dec. 3 policy ...
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Many Detect End of Line for Stimulus by the Fed New York Times
WASHINGTON — The beginning of the end probably will not come on Wednesday, but it is coming soon. The Federal Reserve has made clear that its bond-buying campaign will not continue at the present pace for much longer.
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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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ASEAN Leaders Caught Between Tokyo, Beijing Wall Street Journal
A nuanced joint statement from leaders of the Association of Southeast Asian Nations following their meeting in Tokyo, illustrated the difficulty Prime Minister Shinzo Abe faces in trying to attract more support for Japan in a region heavily influenced by China.
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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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US Stocks End Higher Wall Street Journal
U.S. stocks surged, boosted by positive economic data and expectations that the Federal Reserve isn't likely to pull back on its stimulus program at its highly anticipated policy meeting this week. The Dow Jones Industrial Average climbed 129 points, or 0.8%, ...
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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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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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Five Biggest Social Media Lessons of 2013 Bloomberg
It was a big year for social media. Twitter made its successful debut on the stock market while Facebook recovered from its troubled IPO a year earlier. We also saw the launch of Vine, the rise of Snapchat and the acceptance of social media by the SEC, which ...
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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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Global Car Sales Seen Rising to 85 Million in 2014 Wall Street Journal
By 2018 sales are forecast to break 100 million, according to the unit of business-information provider IHS Inc. This global growth is driven by rising wealth in emerging markets as well as relatively moderate gasoline prices. "In every major economy in the ...
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Bank Stocks Rise Ahead of Fed TheStreet.com
NEW YORK (TheStreet) -- KeyCorp (KEY) of Cleveland led bank stocks higher on Monday, with shares rising 1.8% to close at $13.26, following a better-than-expected report on U.S. manufacturing growth from the Federal Reserve. The Dow Jones Industrial ...
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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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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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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 Businessweek
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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European New Car Sales Growth Slows In November RTT News
European new car registrations rose at a slower pace in November, according to the latest data released Tuesday by the European Automobile Manufacturers' Association or ACEA. New passenger car registrations rose 1.2 percent year-on-year in November, ...
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Stocks: Fed decision around the corner CNN
Investors and traders are in no mood for major risk-taking Monday morning as the next Federal Reserve meeting approaches. U.S. stock futures were modestly higher ahead of the opening bell. Investors are treading cautiously as they wait to see whether the ...
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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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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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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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Turkish police detain 18 in bribery probe - media Chicago Tribune
ISTANBUL, Dec 17 (Reuters) - Turkish police detained 18 people including well-known businessmen on Tuesday in an. investigation into alleged bribery linked to public tenders, Turkish media reported. Police carried out dawn raids in Istanbul and the ...
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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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Intentions Seekers -T-Mobile US Inc (NYSE:TMUS), Anadarko Petroleum ... eMarketsDaily
Intentions Seekers -T-Mobile US Inc (NYSE:TMUS), Anadarko Petroleum Corporation (NYSE:APC), Amgen, Inc. (NASDAQ:AMGN). Share This. Add to Delicious · Share on FriendFeed · Digg · submit to reddit. Tags. AmgenAMGNAnadarko Petroleum ...
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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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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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JPMorgan plans instant messaging ban for traders IDG News Service
JP Morgan plans to block its staff from using online messaging services following investigations into trading practices by regulators. Latest news from Business Issues · United Utilities signs 10-year data centre deal with Fujitsu (16.12.2013 kl 19:17); JPMorgan ...
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