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News 27 new results for Business

Fed Should Fine Law-Defying Mortgage Servicers, Raskin Says BusinessWeek By Joshua Zumbrun and Alex Kowalski Jan. 7 (Bloomberg) -- Federal Reserve Governor Sarah Bloom Raskin said the central bank should fine mortgage servicing companies that broke the law and are partly to blame for the current "foreclosure crisis" in US ... See all stories on this topic »

Bristol-Myers Agrees to Acquire Inhibitex for $2.5 Billion BusinessWeek By Jim McDonald Jan. 8 (Bloomberg) -- Bristol-Myers Squibb Co. agreed to buy Inhibitex Inc. for about $2.5 billion to expand its development of antiviral drugs and treatments for infectious disease. Both boards approved the transaction, the companies ... See all stories on this topic »

Enough already! Surveys cause feedback fatigue Detroit Free Press AP NEW YORK -- As inboxes fill with more and more requests to appraise holiday purchases and trips, Americans are suffering feedback fatigue. With e-mailed appeals for comments on commonplace transactions, consumers are being pinged for opinions at a ... See all stories on this topic »

Entergy's Palisades plant offline for maintenance BusinessWeek Entergy Corp.'s Palisades nuclear power plant in southwestern Michigan is being shut down temporarily for maintenance. Spokesman Mark Savage said in a statement that control room operators removed the plant from service Thursday night. ... See all stories on this topic »

19000 rebates paid in Tenn. for energy appliances BusinessWeek More than 19000 rebates totaling more than $4.5 million have been paid to Tennesseans this year for using Energy Star appliances. The rebates ranged from $40 to $250 for using room air conditioners, central air conditioners, air source heat pumps and ... See all stories on this topic »

Commuter rail to stay in private control The Boston Globe By Martine Powers Massachusetts Bay Transportation Authority officials have decided they will not take over direct management of the commuter rail when their contract with Massachusetts Bay Commuter Railroad Co. expires next year. ... See all stories on this topic »

The final demise of a once-revered supermaket chain | Philadelphia Inquirer ... Philadelphia Inquirer By Maria Panaritis and Sandy Bauers In 2003, Genuardi's official Don Ciotti shows off gourmet sandwiches. Within months of Safeway's taking over in 2001, customers began complaining about changes to products and service. Before there was Wegmans, ... See all stories on this topic »

New Zealand shipping warning as container ship breaks up Telegraph.co.uk A grounded container ship has split in two off New Zealand after being battered by a storm, spilling up to 300 containers into the sea. By Paul Chapman in Wellington Maritime New Zealand issued a navigation warning to shipping around Tauranga, ... See all stories on this topic » Telegraph.co.uk

Retiring LA County workers get $48 million for unused time off Los Angeles Times Of 3900 who collected compensation for unused vacation and sick days, comp time and holiday credits in 2010, 64 received checks for more than $100000. Gov. Jerry Brown has maintained the state's 80-day cap on vacation in all but one of six union ... See all stories on this topic » Los Angeles Times

Olympus mulls suing executives Economic Times TOKYO: Scandal-hit Olympus said Sunday it was considering lodging law suits against current and former executives for damages caused by their decision to hide massive investment losses. The statement came after the firm's in-house panel investigated ... See all stories on this topic »

Reedsburg's Pamida to become Shopko Essentials Reedsburg Times Press Reedsburg-area residents soon will have a new place to shop for clothing and other name-brand items. Green Bay-based Shopko Stores and Pamida announced Wednesday they will merge and spend $80 million to convert existing Pamida stores to Shopko Hometown ... See all stories on this topic »

Pipeline's future Fairbanks Daily News-Miner The best way to increase the life expectancy of the trans-Alaska oil pipeline and to preserve the Alaska economy is to produce more oil. There is no question about that. However, Alaskans deserve straightforward information about the long-range ... See all stories on this topic »

Greenbrier Companies (GBX) 1Q 2012 Results, Doubles Revenue YOY The Star-Ledger - NJ.com By jetstocks Welcome to CRWENewswire, Stocks to Watch. I am Shalika Jayasekera. On its first quarter fiscal 2012, The Greenbrier Companies - GBX - posted Revenue of $398.2 million, double the Revenue realized in the same period the prior year, ... See all stories on this topic »

Chrysler resurgence a boon for Motor City Appleton Post Crescent DETROIT — Chrysler plans to add 1100 jobs at a plant in Detroit to build a diesel version of the Jeep Grand Cherokee, another sign that the automaker is gaining confidence in its recovery. The decision to add a third shift at the plant gives a much ... See all stories on this topic »

The Macerich Company Announces Fourth Quarter 2011 Earnings Release and ... Bradenton Herald /PRNewswire/ -- Macerich (NYSE: MAC) today announced that it will release fourth quarter 2011 earnings results before the market opens on Friday, February 3, 2012. Management will hold a conference call at 1:30 pm ET on February 3, 2012 to discuss ... See all stories on this topic »

About 50 tons of trash cleaned up after Rose Parade Los Angeles Times A team of 80 workers scrubs the streets and sidewalks after Pasadena's largest event, which draws hundreds of thousands of spectators. The Rose Parade is Pasadena's largest event, attracting hundreds of thousands of spectators, who leave behind a ... See all stories on this topic » Los Angeles Times

Belgium says will freeze spending to appease EU AFP BRUSSELS — Belgium will freeze more than a billion euros ($1.3 billion) in spending for several months after the European Commission raised concerns, the country's budget minister said on Saturday. The commission, the European Union's executive body, ... See all stories on this topic » AFP

Target Recalls LED Flashlights Daily Green By Dan Shapley Target is recalling about 55000 six-piece LED flashlight sets made in China after receiving four reports from users who had sustained minor burns to their hands, according to the Consumer Product Safety Commission. ... See all stories on this topic » Daily Green

Historic US penny sells for $1.38 million at Florida auction, setting new record New York Daily News The coin was made at the Mint in Philadelphia in 1793, the first year that the US made its own coins. By The Associated Press This undated photo provided by Heritage Auctions shows the front and back of one of the first pennies struck at the United ... See all stories on this topic » New York Daily News

Wall Street watchers thrown off forecasting game Financial Post NEW YORK – With the new year comes a new round of bold predictions for financial markets. Blackstone vice chairman Byron Wien, among Wall Street's best known prognosticators, on Tuesday unveiled his latest crop of 10 "surprises" for the coming year, ... See all stories on this topic » Financial Post

Euro Area Crisis Presents Significant Risk for South Africa, Lagarde Says Bloomberg Enlarge image IMF Managing Director Christine Lagarde IMF Managing Director Christine Lagarde Tomohiro Ohsumi/Bloomberg Christine Lagarde, managing director of the International Monetary Fund. South Africa has become increasingly integrated into the ... See all stories on this topic » Bloomberg

Kit Digital Acquires Sezmi APP Market On December 30, 2011, KIT digital acquired certain assets and liabilities of Sezmi Corporation, a leading global provider of broadband-broadcast hybrid TV solutions based in Belmont, California. KIT digital paid consideration of approximately $27 ... See all stories on this topic »

Sears culls network Inside Retailing By Robert Stockdill Sears, America's worst department store chain, is to close another 120 stores in what must be a last gasp bid to stay alive. That's a whole 110 more stores than the company previously forecast it would have to close and is the ... See all stories on this topic »

References, not certification, best for finding good contractors NJ.com (blog) By Letters to the Editor/The Star-Ledger Division of Consumer AffairsThe interior of a flood-damaged house in Lyndhurst used as part of a Division of Consumer Affairs sting. I was amused by the Jan. 5 article, "State's flooded house sting yields ... See all stories on this topic » NJ.com (blog)

IBM to Acquire Green Hat Software Testing in the Cloud Helps Customers Reduce ... VAdvert Press Center (press release) Armonk : IBM (NYSE: IBM) today announced a definitive agreement to acquire Green Hat, a leader in software quality and testing solutions for the cloud and other environments. Financial terms were not disclosed. Founded in 1996, Green Hat is jointly ... See all stories on this topic »

Mobile ad firm Millennial Media files for $75 mn IPO Indiantelevision.com MUMBAI: US-based mobile advertising company, Millennial Media, has filed for a $75 million initial public offering (IPO). The company intends to use the funds to expand its operations overseas and go head-on against Google and Apple. ... See all stories on this topic »

Shareholders in Chinese hot pot chain approve Yum! takeover proposal Xinhua GUANGZHOU, Jan. 7 (Xinhua) -- Shareholders of China's leading domestic hot pot chain, Little Sheep Group Ltd. (Little Sheep), have approved a takeover proposal by Yum! Brands Inc. (Yum!), Yum! said in a press release on Friday. ... See all stories on this topic »

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