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| CEO insists Herbalife is no pyramid scheme Los Angeles Times With investors punishing his company's stock for a third consecutive day, the top executive of Herbalife Ltd. sought to reassure shareholders Friday that his company is not a pyramid scheme. Working from the firm's tony headquarters in downtown Los Angeles ... See all stories on this topic » | ||
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| UPDATE 3-Ex-SAC fund manager indicted in insider trading scheme Reuters Fri Dec 21, 2012 5:56pm EST. * Martoma is seventh former SAC employee charged or implicated. * Indictment means he is not likely to be a cooperating witness (Updates with details on class action lawsuit against SAC). By Emily Flitter and Nate Raymond ... See all stories on this topic » | ||
| Obama urges smaller deal Financial Times President Barack Obama urged congressional leaders to craft a smaller package to avert the fiscal cliff, including an extension of tax rates for households with income below $250,000, after the breakdown of talks on a broader deficit reduction plan. See all stories on this topic » | ||
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| TEXT - Fitch rates Mecklenburg, NC GOs 'AAA' Reuters Fri Dec 21, 2012 4:40pm EST. Dec 21 - Fitch Ratings has assigned the following ratings to Mecklenburg County, North Carolina (the county) general obligation (GO) bonds and limited obligation bonds (LOBs): --$122 million GO refunding bonds, series 2013A ... See all stories on this topic » | ||
| Dish seeks more time to fight Sprint's Softbank, Clearwire deals Fox Business NEW YORK – Dish Network has asked the U.S. telecom regulator for more time to file an objection to wireless service provider Sprint Nextel's proposed sale of a controlling stake to Japan's SoftBank Corp <9984.T> due to Sprint's announcement this week of a ... See all stories on this topic » | ||
| Accounting board trustee quits following US SEC charges Reuters By Sarah N. Lynch. WASHINGTON | Fri Dec 21, 2012 4:38pm EST. WASHINGTON (Reuters) - A trustee of the foundation that governs the U.S. accounting standard-setting board has resigned, the foundation said on Friday, after the U.S. Securities and ... See all stories on this topic » | ||
| EPA issues air pollution standards for boilers and cement plants Los Angeles Times After a decade of legal and regulatory fights, the Environmental Protection Agency has finalized how it will crack down on highly toxic pollution from industrial boilers and cement plants. But the regulations will give owners of industrial boilers and cement kilns ... See all stories on this topic » | ||
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| Micron Falls Most in Six Months as Quarterly Loss Widens Bloomberg Micron Technology Inc. (MU), the largest U.S. maker of memory chips, fell the most in six months after reporting a wider fiscal first-quarter loss as a slump in demand for personal computers led to a supply glut, weighing down prices. Micron tumbled 6.9 ... See all stories on this topic » | ||
| Judge Clears BP Payout to Businesses, Individuals Wall Street Journal A federal judge in New Orleans approved a $7.8 billion settlement between BP PLC and Gulf Coast businesses and residents over damages related to the 2010 offshore oil spill. The settlement, which was widely expected, will resolve more than 100,000 ... See all stories on this topic » | ||
| Massachusetts pension fund has about $28 million invested in the US gun industry Boston.com State treasurer Steve Grossman said the Massachusetts pension fund has about $27.8 million invested in the gun industry. The Globe reported earlier this week that Grossman had asked for an accounting of gun-related investments following last Friday's ... See all stories on this topic » | ||
| Consumers Energy: Winter storm knocks out power to 50000 in Michigan Detroit Free Press Consumers Energy officials said about 50,000 Michigan customers remained without power Friday night as a nasty winter storm was just beginning to subside. More than 150,000 customers of the utility were hit by weather-related outages since 4 a.m. ... See all stories on this topic » | ||
| Hostess Brands likely to sell breads, sweets to separate buyers Dallas Morning News Twinkies, Wonder Bread and other products from Hostess Brands Inc. are likely to return to grocers' shelves in the coming months, but probably not under the same owners, an investment banker said in court Friday. The Irving-based snack maker, which is in ... See all stories on this topic » | ||
| Consumer spending on the rebound Boston Globe Consumers are not so worried about the fiscal cliff and political uncertainty in Washington that they are staying away from stores. The US Commerce Department reported Friday that consumer spending rebounded in November, up 0.6 percent after falling 0.2 ... See all stories on this topic » | ||
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| TJX Cos. pays $200 million for online Wyoming retailer Sierra Trading Post Boston Globe TJX Cos. Inc., the Framingham-based owner of T.J. Maxx and Marshalls stores, said it bought discount online retailer Sierra Trading Post for about $200 million. The privately-held Sierra Trading Post, which launched in 1999 and is headquartered in ... See all stories on this topic » | ||
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| Jobless rate falls below 10% in California Los Angeles Times California's unemployment fell below 10% in November for the first time in almost four years, thanks in part to a holiday hiring surge by retailers. The jobless rate fell to 9.8% from 10.1% in October, according to data in an overall jobs report released Friday by ... See all stories on this topic » | ||
| Chicago Board of Trade bans wheat broker for 25 years Reuters Fri Dec 21, 2012 6:18pm EST. * Broker engaged in prohibited prearranged trades. * Transactions occurred from April 2009 to March 2010. * No admittance of guilt as part of settlement deal. CHICAGO, Dec 21 (Reuters) - The Chicago Board of Trade on Friday ... See all stories on this topic » | ||
| Dominion, EnCap firm in JV for Utica midstream Bizjournals.com (blog) Dominion (NYSE: D) and Caiman Energy II have formed a $1.5 billion joint venture to provide midstream services for Utica Shale producers in Pennsylvania and West Virginia. The JV will be called Blue Racer Midstream LLC and should close before Jan 1. See all stories on this topic » | ||
| Wall Street ends lower after "fiscal cliff" setback Reuters By Gabriel Debenedetti. NEW YORK | Fri Dec 21, 2012 7:37pm EST. NEW YORK (Reuters) - U.S. stocks finished lower on Friday after a Republican plan to avoid the "fiscal cliff" failed to gain sufficient support on Thursday night, draining hopes that a deal ... See all stories on this topic » | ||
| Crane Buys MEI Conlux for $820 Million Motley Fool On Thursday, industrial conglomerate Crane (NYSE: CR ) announced it will pay $820 million to acquire 100% of the equity interests in MEI Conlux Holdings (U.S.), and its affiliate MEI Conlux Holdings (Japan), from private equity firms Bain Capital and ... See all stories on this topic » | ||
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| UPS Driver Caught on Tape Stealing iPad Meant for Little Girl's Christmas ... Latinos Post A UPS delivery driver is under arrest, after being caught on video stealing an iPad destined to be a Christmas present for a little girl. Like Us on Facebook. Al Alverson had ordered two Christmas presents, both of which were scheduled to be delivered on the ... See all stories on this topic » | ||
| Holiday Shopping Traffic abc40 TRAFFIC HOLYOKE, Mass. (WGGB) — Shoppers tackled the crowds and traffic to pick up those last minutes gifts before Christmas Friday night. Both the Barnes and Noble Plaza and the Holyoke Mall were swarming with people. "It took 15 minutes to get from ... See all stories on this topic » | ||
| Tibco Software shares rise on 4Q earnings beat NBCNews.com NEW YORK — Shares of Tibco Software Inc. rose Friday after the company posted better-than-expected fiscal fourth-quarter profit. THE SPARK: For the quarter ended Nov. 30, Tibco earned $48.8 million, or 29 cents per share, down 6 percent from $51.9 ... See all stories on this topic » | ||
| Greenbrier Shares Drop After Icahn Backs Off Bid OPB News Shares in the Oregon railcar manufacturer Greenbrier dropped significantly on Friday after investor Carl Icahn appeared to back-off an offer to buy the company. It's been a tumultuous week for Greenbrier. A sweetened offer of $22 a share from Icahn's ... See all stories on this topic » | ||
| U.S. Stocks Advance for Week as Investors Watch Budget Talks Bloomberg U.S. stocks climbed this week, sending the Standard & Poor's 500 Index to its biggest advance in a month, as reports signaled stronger economic growth and investors weighed prospects for a budget deal in Washington. The S&P 500 pared its rally on the ... See all stories on this topic » | ||
| TEXT - Fitch affirms Pinnacle Entertainment 'B' rating Reuters Fri Dec 21, 2012 5:33pm EST. Dec 21 - Fitch Ratings has affirmed Pinnacle Entertainment, Inc's (Pinnacle) Issuer Default Rating (IDR) at 'B' following Pinnacle's announcement that it entered into an agreement to acquire Ameristar Casinos, Inc. (Ameristar) for ... See all stories on this topic » | ||
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| Parks department audit finds two decades of accounting discrepancies Los Angeles Times The California parks department had accounting problems for longer than previously revealed, according to an audit from Gov. Jerry Brown's Department of Finance. The audit report found that department officials were inaccurately reporting the balances held ... See all stories on this topic » | ||
| Officials: Still no signs of oil spill from stranded tanker WNYT STUYVESANT - The Coast Guard gave NewsChannel 13 an update today on the oil tanker that is stranded on the Hudson River near Stuyvesant. They say there are still no signs of a spill. And divers are conducting a thorough inspection of the damaged hull. See all stories on this topic » | ||
| Tax and economy hit French joie de vivre Financial Times The French are popping fewer champagne corks and spending less on toys as higher taxes, a deteriorating economy and an exodus of national icons sap the country's joie de vivre . "There is a moroseness, a sadness among the French population at the ... See all stories on this topic » | ||
| Cargo Shipments at Risk as Strike Looms at U.S. Ports Bloomberg Shipments of clothing, auto parts and frozen food risk being gridlocked at U.S. ports from Maine to Texas as about 15,000 dock workers prepare to strike. The International Longshoremen's Association is vowing to walk out if a deal isn't reached before the Dec ... See all stories on this topic » | ||
| Dear Washington: A holiday wishlist from small business owners Washington Post Tis the holiday season, and all through the land, small businesses are stirring about what Washington has planned. They've lobbied their leaders, as tax changes loom near, in hopes that their rates will go down next year. Loading... Comments · Weigh In ... See all stories on this topic » | ||
| BOJ Move to Weaken Yen Risks Stirring Resentment Wall Street Journal TOKYO—Faced with strong political pressure, the Bank of Japan is resorting to an "unprecedented" lending program in the hopes it would rein in the yen's strength, but combined with aggressive monetary easing the move risks inviting resentment from other ... See all stories on this topic » | ||
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| Red Hat Announces Earnings Forbes Red Hat (RHT) shares are higher on Friday after the company announced solid earnings and also announced it was acquiring cloud computing company ManageIQ for $104 million in cash. The company earned 29 cents per share for its fiscal third quarter, ... See all stories on this topic » | ||
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| Bernanke's Excuse for Mass Looting Money Morning Australia Bernanke said that to remedy the unemployment problem he will continue the Fed's program of asset purchases. Specifically, the Fed will continue to buy and hold mortgage-backed securities (yes, they are still sloshing around the banking system) and US ... See all stories on this topic » | ||
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| National Mortgage Rates for Dec. 20, 2012 Fox Business Mortgage rates jumped this week as investors bet Congress is close to an agreement to avert the "fiscal cliff." The 30-year fixed-rate mortgage rose 10 basis points to 3.62%. A basis point is one-hundredth of 1 percentage point. The 15-year fixed-rate ... See all stories on this topic » | ||
| Maine home sales outpace national rate November Morning Sentinel Sales of existing single-family homes in Maine surged 23.6 percent in November, outpacing national gains, as buyers took advantage of low interest rates and a large inventory of homes on the market. The increase from November 2011 built on a similar jump ... See all stories on this topic » |
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