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Jumat, 07 Desember 2012

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Stock index futures fall, focus on jobs data
Reuters
LONDON | Fri Dec 7, 2012 4:01am EST. LONDON (Reuters) - Stock index futures pointed to a lower open on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.1 to 0.2 percent. U.S. non-farm employment, due at ...
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Stocks: Attention turns to jobs report
CNN
The monthly jobs report will take center stage Friday, but concerns about the fiscal cliff will continue to linger. European shares and the euro were hit with another growth downgrade, this time in Germany. The closely watched jobs report is due out at 8:30 a.m. ...
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Bundesbank Slashes 2013 German Growth Forecast to 0.4% on
Bloomberg
The Bundesbank sliced more than 1 percentage point off its forecast for economic expansion in Germany next year after the sovereign debt crisis pushed the euro area into recession and global growth slowed. The Bundesbank cut its 2013 projection to 0.4 ...
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Bloomberg
HUD secretary defends efforts to stabilize FHA finances
Los Angeles Times
WASHINGTON — A top Obama administration official said a key government agency that has helped stabilize the housing market might be able to stay afloat next year, but he couldn't guarantee it wouldn't need a taxpayer bailout. He warned lawmakers ...
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China State-Driven Rebound at Risk as Small Firms Suffer
Bloomberg
China's growth rebound, forecast to have gathered pace in November, is bypassing smaller businesses in a sign the government may need to step up policy support to secure a more broad-based recovery. Industrial production growth probably accelerated ...
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Mayor: NYC working on storm, climate prep
Wall Street Journal
NEW YORK — The city will work on upgrading building codes and evacuation-zone maps, hardening power and transportation networks and making sure hospitals are better prepared for extreme weather after Superstorm Sandy, Mayor Michael Bloomberg ...
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How to read the Sandy-impacted jobs report
MarketWatch
WASHINGTON (MarketWatch) — The highly anticipated monthly U.S. jobs report is rarely treated as minor sideshow, but November is a different story. Economists believe the disruption caused by Hurricane Sandy slashed net job growth in November by ...
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UPDATE 4-China insurer PICC debut shines through Hong Kong IPO gloom
Reuters
Fri Dec 7, 2012 3:49am EST. * PICC's 7 pct gain outperforms benchmark index drop. * Retail investor demand totalled 17.5 times number of shares offered. * PICC surge unlikely to revive Hong Kong IPO markets. By Elzio Barreto and Denny Thomas ...
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China Shares End Higher; Shanghai Index Resumes Its Rise
Wall Street Journal
SHANGHAI--China's shares ended higher Friday, capping a week in which the local market bounced back strongly after hitting a near four-year low Monday thanks to expectations that the country's new leadership may be preparing fresh reforms.
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Netflix rebuked for Facebook post
BBC News
US regulators have threatened the head of Netflix with legal action for posting information about the company's performance on Facebook rather than though official channels. Netflix chief executive Reed Hastings announced on the site that monthly viewing ...
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BBC News
Starbucks may pay higher taxes in UK
Boston Globe
A Starbucks worker offered hot chocolate samples in London. The US company has more than. Karel Prinsloo/European Pressphoto Agency. A Starbucks worker offered hot chocolate samples in London. The US company has more than 700 shops in Britain.
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Boston Globe
Japan to Intercept Any Falling North Korea Missile
Wall Street Journal
Japanese Prime Minister Yoshihiko Noda, second from left, stands before PAC-3 as he delivers a speech in Tokyo Friday. TOKYO—Japanese Prime Minister Yoshihiko Noda said Friday that his administration has ordered the nation's military to intercept any ...
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Wall Street Journal
Germany Leads Resurgence in Europe Stocks
CNBC.com
Germany's benchmark Dax share index closed at a near five-year high on Thursday, near the end of a year in which European equities have outpaced global and US rivals for the first time since the depths of the global economic crisis. The resurgence in ...
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CNBC.com
Noble Energy has big plans for domestic shale drilling
Bizjournals.com (blog)
Noble Energy told investors and members of the media about its plans to increase production in the coming years. Deon Daugherty: Reporter- Houston Business Journal: Email | Twitter. In what seems like a first for a high-profile energy company in Houston, ...
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Congressional committee criticizes pace of high-speed rail development
TheDay.com
Washington - Members of the U.S. House Transportation and Infrastructure Committee acknowledged Thursday that bringing high-speed rail to the United States has been a slow-moving process. But they reaffirmed the high-speed rail goal and vowed to look ...
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Smithfield's packaged-meat, international profits surge
The Virginian-Pilot
Smithfield Foods Inc. announced Thursday that it earned $10.9 million, or 7 cents per share, in the second quarter of its fiscal year. That was dramatically less than its earnings of $120.7 million, or 74 cents per share, in the same quarter last year. But the latest ...
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Bombardier appoints SA Express as authorized service facility in Africa
Equities.com
Dec 07, 2012 (Datamonitor via COMTEX) -- Bombardier Aerospace, a division of Bombardier Inc., has appointed South African Express Airways, or SA Express, as its first commercial aircraft authorized service facility in Africa, after giving it authorization to ...
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Diamondback Is Shutting Down
Wall Street Journal
Hedge fund Diamondback Capital Management LLC told investors Thursday that it plans to close and wind down its funds after receiving redemptions requests totaling more than a quarter of its assets. Enlarge Image. image. Close. image. Bloomberg News ...
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Wall Street Journal
Future of NC Wind Industry at Stake
Public News Service
WILMINGTON, N. C. – The future of wind energy in North Carolina and beyond is in the hands of Congress, as lawmakers decide whether to extend the Production Tax Credit (PTC) for wind energy, set to expire at the end of this year. It's estimated as many as ...
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Cheap natural gas changes generation dispatch in Southeast
Electric Light & Power
The electric power industry in the southeastern U.S. has undergone changes over the past three years. While coal-fired power plants continue to generate more than half of electricity in the region, coal-fired generation has declined since 2010, and production ...
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Banks help short sales rise across South Florida, report says
Sun-Sentinel
More lenders are approving short sales before the homes even get to foreclosure, a new survey shows. So-called non-foreclosure short sales jumped about 60 percent in Broward County from July through September compared with the same period a year ...
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AMD Cuts Chip Orders to Globalfoundries Amid PC Slump
Bloomberg
Advanced Micro Devices Inc. (AMD), the second-largest maker of personal-computer processors, reduced chip orders from supplier Globalfoundries Inc. as it tries to cut costs to preserve cash amid a PC-market slump. AMD estimates it will purchase wafers ...
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Harris Communications has buyer for broadcast communications business
Rochester Democrat and Chronicle
The parent company of Harris RF Communications has found a buyer for its broadcast communications business. Harris Corp. said Thursday that it had struck a deal with investment firm Gores Group LLC, which will pay $225 million for the business.
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Palo Alto Networks First-Quarter Sales Misses Highest Estimates
Bloomberg
Palo Alto Networks Inc. (PANW) fell after reporting fiscal first-quarter sales that failed to meet analysts' most bullish estimates, a sign of lofty projections for growth at the maker of firewalls and other security technologies. Sales during the three months that ...
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A New Tradition
ChicagoNow (blog)
I have been a big fan of the Ugly Christmas Sweater trend. I even won last year for my 25 year old sweatshirt that has Tweety Bird on it and says "Fa Wa Wa Wa Waaa." Good stuff. Christmas sweaters were always bordering on ugly anyway, even when ...
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ChicagoNow (blog)
Chicago truck company owner pleads guilty to minority contracts scheme
The Republic
CHICAGO — An owner of a Chicago dump truck company certified as a minority-owned business has pleaded guilty to a fraud charge involving a scheme to use his business as a front to win a multimillion-dollar sewer cleaning contract. Jesse Brunt, who ...
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Macy's offers continuous shopping for 48 hours
Tribune-Review
Macy's customers will be able to wrap up their shopping this year in a two-day, pre-Christmas marathon at all stores nationwide. The department store chain's final One Day Sale before the holiday will start at 7 a.m. on Friday, Dec. 21, and run for two days ...
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Superstorm utility crews complain of payroll delay
Houston Chronicle
MINEOLA, N.Y. (AP) — Thousands of utility workers from New York, Rhode Island and Massachusetts say many are still waiting to be fully compensated for their efforts to restore power after Superstorm Sandy. National Grid spokesman Patrick Stella says a ...
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UH OH...Jersey City residents to protest cut to weekend PATH service that is ...
The Hudson Reporter
Hoboken residents are clamoring to have their PATH service back, and the Port Authority announced on Thursday that it will halt service to midtown for the next two weekends in order to expedite repairs. But that means cutting service from Journal Square to ...
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Fire factory lost safety approval
Herald.ie
A Bangladesh garment factory producing clothes for Wal-Mart, Disney and other major Western companies lost its fire safety certification in June, five months before a blaze killed 112 workers, fire officials have said. The owner of the Tazreen factory also ...
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Nikkei edges up to 7-month high ahead of US jobs data
Reuters
Thu Dec 6, 2012 10:05pm EST. * Nikkei adds 0.2 pct, further into "overbought" territory * Topix up 0.3 pct in active trade * Sharp extends gains on short-covering By Dominic Lau TOKYO, Dec 7 (Reuters) - Japan's Nikkei share average rose to a seven-month ...
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Yum Brands Says The Chinese Still Love KFC
Wall Street Journal (blog)
Yum Brands Inc. executives vigorously defended their business in China at an investor conference on Thursday after the stock fell last week on news that the company's same-store sales there would drop 4% in the fourth quarter, after rising 21% in the ...
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Wall Street Journal (blog)
Va. governor plans for some federal cuts in next budget, even without 'fiscal cliff'
Washington Post
RICHMOND, Va. — Even if Congress reaches a deficit-reduction agreement to avert the end-of-year "fiscal cliff," Gov. Bob McDonnell said Thursday his amended budget will include some of the $130 million in cuts state agency chiefs recommended a week ...
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Tax filing delay looms if no fix for minimum tax: IRS
Reuters
By Patrick Temple-West. WASHINGTON | Thu Dec 6, 2012 5:38pm EST. WASHINGTON (Reuters) - The top U.S. tax collector warned on Thursday of a delayed start to 2013's tax season if Congress fails to reset the alternative minimum tax (AMT) on ...
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PokerStars in Talks to Buy Casino
Wall Street Journal
PokerStars is in advanced talks to buy an Atlantic City casino, a move that could position the one-time gray-market online poker company to benefit should New Jersey legalize online gambling. The company is discussing a deal to buy the struggling Atlantic ...
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Sirius Returns Cash to Shareholders
Wall Street Journal
After months of waiting, John Malone's Liberty Media has convinced Sirius XM Radio Inc. to open its piggy bank. The satellite-radio company on Thursday announced a $2 billion stock repurchase program and a special dividend of 5 cents a share that will ...
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Two Pinoys killed, five others survive North Sea mishap – DFA
GMA News
Two Filipinos were killed but five others survived the sea mishap where a ship carrying 1,400 new cars sank off Dutch waters in the North Sea, the Department of Foreign Affairs (DFA) said on Friday. Rescue workers are still locating three other Filipino ...
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Zynga Antes Up on Gambling
TheStreet.com
NEW YORK (TheStreet) -- Zynga (ZNGA) is anteing up, having filed for an application to the Nevada Gaming Control Board. More on ZNGA. Sirius, Zynga, Apple: Tech Premarket · Apple Faces Samsung in Court Again: Hot Trends. Zynga's Chief Revenue ...
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Superstorm Sandy dents small business hiring in November
Reuters
WASHINGTON | Thu Dec 6, 2012 4:58pm EST. WASHINGTON (Reuters) - Small business employment slipped in November as Superstorm Sandy shut businesses along the East Coast, the National Federation of Independent Business said on Thursday.
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Stocks finish modestly higher
USA TODAY
5:19PM EST December 6. 2012 - Stocks ended the day up Thursday after a trading session marked by changes in direction throughout the day. Investors seem to be continuing their focus on negotiations in Washington over avoiding the tax increases and ...
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Darden won't slash full-timers' hours to cut 'Obamacare' costs [Google+ Hangout]
Los Angeles Times
Darden Restaurants Inc., the parent of eateries such as Olive Garden and Red Lobster, said it will not bump any of its full-time employees down to part-time status to save on healthcare costs once President Obama's reforms go into effect. Come 2014, when ...
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What's next for Thruway toll increase?
Rochester Democrat and Chronicle
LinkedIn; Tumblr; StumbleUpon; Reddit; Del.icio.us; Digg. A; A. Thruway toll. Purchase Image. The Thruway authority has scheduled and subsequently postponed various meetings in the past three months regarding a toll increase. / Kris Murante/File photo ...
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Chicago's religious leaders fight water fee
Chicago Tribune
A yearlong dispute about water fees between Mayor Rahm Emanuel and dozens of the city's religious leaders reached a climax this week. With congregations suddenly threatening to close their doors to free public programs if the city continues to charge them ...
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Chicago Tribune
Metro says safety behind Silver Line extension, turnaround track short near ...
Washington Post
WASHINGTON — Metro says safety is behind a decision to extend the Silver Line. The transit agency says track near the Stadium-Armory stop that was planned to turn around trains is short. And it can't be retrofitted with switches federal regulators are ...
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News Summary: Average rate on US 30-year mortgage at 3.34 pct.; still near 40 ...
Washington Post
RATES STAY LOW: Average U.S. rates on fixed mortgages ticked up this week to just slightly above their record lows, keeping home-buying and refinancing attractive to consumers. THE NUMBERS: Mortgage buyer Freddie Mac says the average 30-year ...
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LA finds yet another way to take the joy out of parking
Los Angeles Times
I admit it: I am a parking Scrooge. I hate to pay for parking. How cheap am I? Visiting the L.A. Auto Show this week, I parked farther away because my lot charged $7 while the lot one block closer charged $10. Which may explain why I'm even more outraged ...
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Garmin Rallies; To Be Added To S&P 500 Stock Index
Forbes
Garmin shares are trading higher Thursday morning after Standard & Poor's announced that the company's shares will be added to the S&P 500 stock index, replacing R.R. Donnelley, which drops down into the S&P MidCap 400 index. Stocks added to the ...
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Foreign Carmakers Ship More Made-In-USA Cars Overseas
Forbes
When Honda Motor first started producing cars in the United States 30 years ago, the idea was to build vehicles closer to its customers and to show that American-built cars could match the quality of those assembled in Japan. Now, after building its one ...
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Forbes
Python bounty hunters are latest tool in Florida eradication effort
Chicago Tribune
... 2012. * Python Challenge to be launched in January * Winners will receive up to $1,500 for longest snakes. By Michael Peltier TALLAHASSEE, Fla., Dec 6 (Reuters) - Florida wildlife officials are looking for a few good snake slayers as they enlist the public ...
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All Hail, here comes Vail
Boston.com (blog)
Vail Resorts, Inc. announced today that it has entered into agreements to purchase Afton Alps in Minnesota and Mount Brighton in Michigan, for total cash consideration of $20 million. This brings Vail Resorts collection to 11 ski resorts in four states.
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