|News||29 new results for Business|
| Taxpayers Don't Have Government Motors To Kick Around Any More Forbes |
The U.S. Treasury today announced that it has sold all of the remaining shares of General Motors General Motors common stock, ending four-and-a-half years of government ownership. Taxpayers recouped about $39 billion of the $50.1 billion pumped into ...
| Alibaba Invests $360 Million in Logistics Deal with Haier New York Times |
HONG KONG–In a major push into the logistics business, Alibaba Group, the Chinese e-commerce giant, said Monday it would invest around $360 million in Haier Group, one of China's biggest manufacturers and distributors of household appliances.
| Banks, regulators moving to thwart cyberattacks USA TODAY |
WASHINGTON — Financial regulators and industry officials said Monday they have made progress in efforts to safeguard financial institutions from the kind of cyberattacks that disrupted large-bank websites last year but much work remains. The government ...
| U.S.-Owned Mortgage Backers' Guarantee Fees Increased by FHFA Bloomberg |
Fannie Mae (FNMA) and Freddie Mac, the U.S.- owned mortgage-finance companies, will raise the fees they charge lenders to guarantee loans as part of an effort to shrink their presence in the mortgage market, the Federal Housing Finance Agency said.
| US Household Net Worth Rose 2.6% in 3rd Quarter New York Times |
WASHINGTON — The wealth of Americans reached a nominal record high during the summer, buoyed by surging stock prices and a healthy recovery in home values. The Federal Reserve said on Monday that household net worth in the United States rose ...
| Fed's Fisher wants December taper, clear path to end of QE3 Reuters |
CHICAGO (Reuters) - The Federal Reserve should start to trim its massive bond-buying program next week, and spell out a clear path for phasing it out altogether, a top Fed official said on Monday. "It is time to taper," Dallas Federal Reserve Bank President ...
| Budget deal expected this week amounts to a cease-fire as sides move to avert a ... Boston.com |
WASHINGTON — House and Senate negotiators were putting the finishing touches Sunday on what would be the first successful budget accord since 2011, when the battle over a soaring national debt first paralyzed Washington. The deal expected to be ...
| Twitter Inc (TWTR) Shares Spike On New Ad Products TheStreet.com |
Investors are starting to believe Twitter Inc TWTR really could grow into its valuation thanks to new advertising products. Shares of Twitter Inc (TWTR) rose more than 9% today after the company announced it is enhancing its advertising offerings. The most ...
| General manager of Atlanta airport to retire Washington Post |
ATLANTA — The general manager of the world's busiest airport in Atlanta has announced plans to retire early next year. A spokesman for Mayor Kasim Reed said Monday that Louis Miller is planning to retire on Jan. 3. Miller has worked as general manager ...
| State's tenants burdened more heavily by rent San Francisco Chronicle |
Almost 56 percent of California renters paid more than 30 percent of their gross household income in rent in 2011, more than in any state except for Florida, according to a report issued Monday by Harvard University's Joint Center for Housing Studies.
| News Summary: S&P 500 index ekes out record Businessweek |
RECORD CLOSE: The Standard & Poor's 500 index eked out another record close after stocks built on a solid gain from Friday, when the government reported strong hiring in November. Stocks have been marching higher this year on a combination of rising ...
| Germany's Trade Surplus Narrows Wall Street Journal |
FRANKFURT--Germany's trade surplus was lower than expected in October, as imports sharply rose from September, outpacing a modest increase in exports, data from the federal statistics office showed Monday. The trade surplus, adjusted for seasonal and ...
| Connecticut foreclosure rate 5th highest in US New Haven Register |
Connecticut had the nation's fifth highest inventory of homes in foreclosure in October as a percentage of all mortgaged homes, according to the latest data from a California-based business analytics company. Only Florida, New Jersey, New York and Maine ...
| Cerberus offers investors way out of gunmaker Freedom Group Financial Times |
Cerberus is offering its investors a way to sell their interest in the maker of the gun used in the Newtown school shootings a year ago after the US private equity group failed to deliver on its promise to dispose of the company. Freedom Group's Bushmaster rifle ...
| FOREX-Euro in favour as brisk US jobs data lifts risk appetite Reuters |
... slideshows. * Euro hits six-week highs vs USD, five-year peak on yen. * Strong payrolls data boosts risk sentiment. * Tapering of Fed stimulus expected by March. * Aussie also firmer due in part to strong China trade data. By Hideyuki Sano and Ian Chua.
| Europe's Morning MoneyBeat: Strong Tailwinds Blow European Stocks Into New ... Wall Street Journal |
Local mainboards seem set for gains from the bell Monday as some perky Chinese export data over the weekend add to the good vibes, most of which had emanated from the U.S. labor market after Friday's consensus-thrashing rise in non-farm payrolls.
| Week Ahead: Let's Avoid A Friday 13th Fright For Markets Forbes |
Will Washington spoil the end of year party for investors? The S&P 500 is on track for its best year since 1998, but it still has to navigate Friday, December 13. That's the unfortunate deadline the politicians in D.C. gave themselves to come up with a tentative ...
| First China Default Seen as Record $427 Billion Debt Due Bloomberg |
A man exercises in Guangzhou, China. Bond sales by Chinese companies are down 24... Read More. A man exercises in Guangzhou, China. Bond sales by Chinese companies are down 24 percent to 1.55 trillion yuan this half-to-date compared with the first ...
| Covidien buys camera-in-a-pill maker Given Imaging for $860 mln Reuters |
TEL AVIV Dec 8 (Reuters) - Medical device maker Covidien PLC will acquire Israeli camera-in-a-pill maker Given Imaging for $30.00 per share in cash, or a total of $860 million, the companies said on Sunday. Given Imaging has developed technology for ...
| EADS Prepares to Emerge as Airbus Wall Street Journal |
Top EADS executives Monday will meet with labor representatives to unveil their restructuring plans, according to people familiar with the discussions. Elements are likely to include cutting middle managers, moving production staff and selling office buildings, ...
| Finding Safety in Shale if Oil Weakens Wall Street Journal |
With apologies to Warren Buffett, when the tide of oil washes in, investors will discover who can and can't swim. The U.S. exploration-and-production sector faces a tricky 2014, largely due to its own success. Rising domestic and Canadian output is leading to ...
| Comcast Hires JPMorgan as Adviser for Possible Time Warner Cable Bid New York Times |
The hiring of JPMorgan suggests that Comcast is seriously considering Time Warner Cable's invitation to combine William Thomas Cain/Getty Images The hiring of JPMorgan suggests that Comcast is seriously considering Time Warner Cable's invitation to ...
| French finance minister hopeful EU bank union deal clinched before year-end Reuters |
PARIS (Reuters) - France hopes a deal will be clinched on a European banking union before the end of 2013, the country's Finance Minister Pierre Moscovici said on Sunday. In Berlin on Friday European finance ministers and senior EU officials met to try to ...
| Paris Stocks Seen Opening Up -- Market Talk Wall Street Journal |
0744 GMT [Dow Jones]--France's CAC-40 stock index is likely to open +0.3% at 4,141.76 points following a strong equity market in New York on Friday and rising Asian shares on Monday morning, a Paris-based trader says. The Dow Jones Industrial Average ...
| Sensex hits record high as BJP wins state polls Reuters India |
MUMBAI (Reuters) - The BSE Sensex shares rose to a record high on Monday after the main opposition party BJP, widely seen by investors as being more business friendly, swept recent state elections, even as doubts persist about how long the rally can last.
| November Jobs Report Has Implications For Fed Policy HispanicBusiness.com |
Chicago, IL (PRWEB) December 08, 2013 The U.S. Bureau of Labor Statistics released its November jobs report , showing strong gains in employment. For homeowners who have been enjoying a low-rate mortgage over the last year, higher interest rates ...
| Abercrombie & Fitch Investors: Looking to Oust the CEO? DIY Fashion |
Abercrombie & Fitch has been no stranger to controversy, and in an effort to boost the label's negative image, investors are calling for CEO Mike Jeffries to step down. The condescending-statement slinging figurehead drug A&F into a world of trouble earlier ...
| Federal Reserve Bond Buying Program Predictions From LoanLove.com Sacramento Bee |
SAN DIEGO, Dec. 9, 2013 -- /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that sidesteps the stuffy professional language of most mortgage advisors and gives detailed and in-depth loan advice and info in a clear, easy to understand, ...
| Microsoft mum as Nokia struggles to resolve tax dispute Financial Express |
Even as the Delhi High Court resumes hearing on the Nokia tax dispute on Monday, Microsoft, eager to settle the acquisition row without any hassles, is keeping its fingers crossed. The software major does not want to meddle with the legal tangle Nokia ...