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Jumat, 21 September 2012

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Exclusive: Spain eyes pension reform with aid package in sight
Reuters
By Julien Toyer | MADRID (Reuters) - Spain is considering freezing pensions and speeding up a planned rise in the retirement age as it races to cut spending and meet conditions of an expected international sovereign aid package, sources with knowledge ...
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Oil Trims Biggest Drop Since June as Losses Considered Excessive
Businessweek
By Grant Smith on September 21, 2012 Oil advanced in New York as optimism that central bank stimulus will revive the global economy fanned speculation that crude's biggest weekly decline in more than three months was excessive. November futures rose as ...
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States With Highest and Lowest Household...
ABC News
Just about everyone has some kind of feeling about the US Census, which asks all sorts of intrusive questions about your cohabitation preferences, your finances and your housing situation. Annoying. Invasive. Time-consuming.
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South Africa Unrest Spreads in Gold Sector
Wall Street Journal
By DEVON MAYLIE JOHANNESBURG—Unrest spread in South Africa's gold sector Friday as workers went on an illegal strike at a mine owned by the country's biggest gold producer, fueling worries over lost output and further strain on the country's economy.
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Bank of America CEO just can't win
MarketWatch
Four years after it was bailed out, the bank is again looking to slash costs. This time it's aiming to cut 16000 jobs it had promised to eliminate by the end of the year. Chief Executive Brian Moynihan has the unenviable task of scaling down the sprawl ...
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Sensex pares early gains, still 390 points up
New York Daily News
Mumbai, Sep 21 — A benchmark index of Indian equities markets was trading 390 points higher in late afternoon session Friday, paring early day gains on profit booking. Power, capital goods and banks were the best performers.
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Fight or Flight? Spat Between American Airlines Flight Attendants Delays Plane ...
TIME
By Samantha Grossman | @sam_grossman | September 21, 2012 | + As travelers, flight delays are something we simply must accept. But those minutes — or hours — of waiting are usually the result of inclement weather, mechanical problems, security scares ...
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TIME
ECB Says Cost of New Frankfurt Skyscraper Soars by 41%
Businessweek
By Stefan Riecher on September 20, 2012 The European Central Bank said the cost of its new Frankfurt headquarters will jump by as much as 41 percent due to higher prices for construction materials and "a number of unforeseen challenges.
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Madoff victims receive $2.5 billion
Wall Street Journal
AP NEW YORK — A court-appointed trustee in New York has mailed out $2.5 billion in checks to victims of Bernard Madoff's massive fraud. Irving Picard announced the distribution on Thursday. He said it means that he's so far satisfied nearly half of all ...
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Adidas Cuts Reebok Revenue Forecast; Brand Dampens Growth
Businessweek
By Julie Cruz on September 21, 2012 Adidas AG (ADS), the world's second- biggest sporting-goods maker, lowered its 2015 forecast for sales at the Reebok brand, taking the shine off increased revenue goals in all other parts of the business.
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Greece hopes to finalise negotiations on fresh austerity deal with ...
Economic Times
ATHENS: AFP Greek Finance Minister Yannis Stournaras is hoping to finalise negotiations on fresh austerity measures with international lenders on Friday, a source from his ministry told AFP. "There are serious possibilities that the plan would be ...
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At forum, Obama, Romney proxies tout shale gas
Gas Business Briefing
Surrogates for the Obama and Romney presidential campaigns sought to score points Thursday by insisting their candidates have the best interests of the shale gas industry in mind. "The Obama administration has been advocating an energy policy that ...
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Mortgage Rates Drop To Record-Low 3.49%
The Mortgage Reports
Another week, another drop in mortgage rates. Nationwide, the 30-year fixed rate mortgage is averaging 3.49% nationwide, and the 15-year fixed rate mortgage is averaging 2.77%. Both are all-time lows. At the beginning of each week, Freddie Mac asks ...
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Wal-Mart will stop selling Kindles
San Francisco Luxury News
NEW YORK — Wal-Mart Stores is phasing out selling Amazon.com's Kindle tablet and e-readers, the world's largest retailer said Thursday. Wal-Mart says the decision was made as part of its overall merchandising strategy to offer a broad assortment of ...
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Oracle net rises, but sales weaker-than-expected
MarketWatch
SAN FRANCISCO (MarketWatch) - Oracle Corp. (US:orcl) on Thursday reported a fiscal first-quarter profit of $2.03 billion, or 41 cents a share, compared with a profit of $1.84 billion, or 36 cents a share, for the year-earlier period.
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Microsoft Avoided Billions in U.S. Tax, Senate Memo Says
Bloomberg
Steffi Loos/dapd/AP Photo The IFA in Berlin. A US Senate committee memo said Microsoft Corp. (MSFT) used aggressive international tax maneuvers to avoid billions of dollars in taxes over the past three years. The committee memo, released for a hearing ...
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Bloomberg
Fed's Kocherlakota surprises with dovish stance
MarketWatch
WASHINGTON (MarketWatch) — A senior Federal Reserve official thought to be in the hawkish camp surprised Fed watchers Thursday by suggesting the central bank can keep rates low until the unemployment rate falls below 5.5% as long as inflation stays ...
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Canadian Auto Workers Union and GM Agree on Contract
New York Times
OTTAWA — General Motors of Canada and the Canadian Auto Workers Union announced a tentative contract on Thursday night, about 72 hours after the union settled with the Ford Motor Company of Canada. But the union and Chrysler Canada appeared far apart ...
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UPDATE 3-Bank group warns of heightened risk of cyber attacks
Reuters
* Group cites 'credible intelligence' of possible attack * JPMorgan Chase is second US bank in two days with issues * Bank of America problems followed threat on Internet * Comes in wake of FBI warning on cyber attacks By Jim Finkle and David Henry ...
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Norfolk Southern Falls as Profit Echoes FedEx Slowdown
Businessweek
By Tim Catts on September 20, 2012 Norfolk Southern Corp. (NSC) tumbled the most in more than three years after saying quarterly profit will fall short of analysts' estimates as volumes dwindle at the second-largest eastern US railroad.
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China, euro-zone PMI data highlight global fears
MarketWatch
By William L. Watts, MarketWatch FRANKFURT (MarketWatch) — Fears of a rapidly slowing global economy trumped bullish enthusiasm over monetary stimulus on Thursday, after data from China's manufacturing sector and the euro zone signaled a further ...
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BREAKINGVIEWS - India's striking shopkeepers' fears are overblown
Reuters
By Jeff Glekin | MUMBAI, Sept 20 (Reuters Breakingviews) - India's striking shopkeepers needn't worry so much. New reforms proposed by Prime Minister Manmohan Singh will eventually open the door to global retailers like Wal-Mart(WMT.N), Carrefour(CARR.
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Nexen Shareholders Approve Cnooc Deal
Wall Street Journal
By BEN DUMMETT And PAUL VIEIRA TORONTO—Nexen Inc. shareholders overwhelming approved Cnooc Ltd.'s proposed $15.1 billion acquisition, clearing an early hurdle in what is still expected to be a long road toward final approval. At a shareholder meeting ...
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Facebook To Start Charging Businesses To Run Offers
Forbes
After launching Offers several months ago, Facebook now is switching the retail and local merchant deals service into money-making mode. The No. 1 social network, under pressure to prove that it can juice revenue growth to justify its $50 billion-plus ...
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Why CIOs Should Be Wary of Salesforce's Pace of Innovation
Wall Street Journal (blog)
This, most observers agree, is the year that cloud based technology services — software and hardware assets delivered via the Internet — are gaining mainstream acceptance in corporate IT departments. It's also the year that cloud software vendor ...
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Italy Cuts GDP Outlook; Ups Deficit Target
RTT News
(RTTNews) - The Italian government on Thursday slashed the economy's growth forecasts, while sharply hiking its budget deficit targets. The government led by Prime Minister Mario Monti now forecasts the economy to contract 2.4 percent this year, ...
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Walmart expects to open first India outlet in 12 to 18 months
Daily Bhaskar
PTI | Sep 21, 2012, 14:45PM IST New York: Walmart Stores Inc has said it is capable of opening stores within 12 to 18 months in India, a media report says. "The company is capable of opening stores within 12 to 18 months and would be seeking permission ...
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Grassley: Failure of leadership jeopardizes wind energy tax credit
Waterloo Cedar Falls Courier
2012-09-20T07:20:00Z 2012-09-20T07:24:24Z Grassley: Failure of leadership jeopardizes wind energy tax creditBy JAMES Q. LYNCH, Lee-Gazette Des Moines Bureau wcfcourier.com CEDAR RAPIDS, Iowa --- The lack of an agreement on extending the wind energy ...
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DEC commish rejects outside health study
Corning Leader
By Derrick Ek State DEC Commissioner Joe Martens has rejected calls for an independent health impact study to be included in his agency's fracking review. "I believe deferring to an outside group or entity would be an inappropriate delegation of a ...
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