- US new-home sales close to flat in September
Daily Oklahoman, Friday - 10/24/2014 - 10:49 AM
U. S. sales of new homes were essentially flat in September, after the government sharply revised downward what was initially an August surge in buying.
The Commerce Department says new-home sales edged up 0.2 percent last month to a seasonally adjusted annual rate of 467,000. More | Talk | Read It Later | Share
- Chiquita holders reject plans to merge with Fyffes
St. Louis Post-Dispatch, Friday - 10/24/2014 - 09:40 AM
Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world's largest banana supplier.More | Talk | Read It Later | Share
- More earnings gains send US stocks higher
Daily Oklahoman, Friday - 10/24/2014 - 09:37 AM
Stocks are opening slightly higher as U. S. companies report more earnings gains.
UPS and Microsoft were among the early winners Friday. More | Talk | Read It Later | Share
- UPS expects double-digit surge in Dec shipments
Kansas City Star, Friday - 10/24/2014 - 09:17 AM
UPS is expecting an 11 percent jump in December shipments as the holiday shopping season heats up. … More | Talk | Read It Later | Share
- Amazon's loss makes holidays a question mark
Seattle Post-Intelligencer, Friday - 10/24/2014 - 12:01 AM
The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.
Investors are increasingly irked by Amazon's strategy of investing heavily in new products and services to spur revenue growth while reporting quarter after quarter of losses or thin profit.
The company's splashy launch of its Fire phone was quickly followed by mediocre reviews and a steep price cut to entice buyers.
Amazon said it took a charge of $170 million related to "inventory evaluation and supplier commitment costs" for the Fire, although it did not give further details.
"The market was looking for more in terms of revenue and operating income and the fourth-quarter outlook," said Morningstar analyst R.More | Talk | Read It Later | Share
- Rajaratnam brother barred for 5 years in SEC deal
St. Louis Post-Dispatch, Thursday - 10/23/2014 - 06:11 PM
The brother of a jailed former hedge fund boss will be barred for at least five years from the securities industry and pay about $841,000 to settle a civil insider trading ca…More | Talk | Read It Later | Share
- Gauge of US economy posts solid 0.8 percent gain
Seattle Post-Intelligencer, Thursday - 10/23/2014 - 10:15 AM
A gauge designed to predict the economy's future health posted a solid increase in September after no gain in the previous month.
The Conference Board says its index of leading indicators rose 0.8 percent last month following a flat reading in August which originally had been reported as a small 0.2 percent gain.
Economists expect that continuing strong gains in employment should boost incomes and help support solid economic growth in the United States in coming quarters despite a weaker outlook overseas.More | Talk | Read It Later | Share
- American Airlines tops 3Q net income expectations
Daily Oklahoman, Thursday - 10/23/2014 - 08:20 AM
American Airlines Group Inc. (AAL) on Thursday reported third-quarter earnings of $942 million.
The Fort Worth, Texas-based company said it had profit of $1.28 per share. More | Talk | Read It Later | Share
- Coal-rich Poland ready to block EU climate deal
Associated Press, Thursday - 10/23/2014 - 07:31 AM
European Union leaders meeting in Brussels to stamp their new, ambitious greenhouse gas emissions plan should prepare for unyielding opposition from coal-reliant Poland and some other East European countries who say their developing economies and electricity bills would suffer too much from the new target.More | Talk | Read It Later | Share
- GM 3Q profit nearly doubles, led by N. America
Seattle Post-Intelligencer, Thursday - 10/23/2014 - 07:25 AM
General Motors says its third-quarter profit nearly doubled as strong earnings in North America and China outweighed struggles in Europe and South America.
Without $331 million in one-time items, GM would have made 97 cents per share, exceeding Wall Street's expectations.More | Talk | Read It Later | Share
- Tax settlement boosts Comcast 3rd-quarter results
Seattle Post-Intelligencer, Thursday - 10/23/2014 - 07:00 AM
Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service.
Cable providers have been consolidating as more viewers shift to watching video on mobile tablets, computers and smartphones rather than through traditional cable TV stations.
 channels like HBO and CBS have announced standalone streaming services, signaling the industry is undergoing a sea change.
Excluding a hefty one-time tax settlement, net income totaled 73 cents per share, beating analyst expectations of 71 cents per share, according to FactSet.More | Talk | Read It Later | Share
- India picks up pace on economic overhaul
Daily Oklahoman, Thursday - 10/23/2014 - 02:19 AM
After months of criticism for not moving aggressively enough on promises of an economic overhaul, India's new prime minister has announced a string of policies designed to kick-start Asia's third-largest economy.
Over the past week, Prime Minister Narendra Modi has unveiled an overhaul of India's archaic labor laws, freed diesel prices from state control and signed an executive order promising to open India's coal industry to private companies.More | Talk | Read It Later | Share
- Zuckerberg speaks Chinese; Beijing students cheer
Daily Oklahoman, Thursday - 10/23/2014 - 12:56 AM
China may ban Facebook, but not its co-founder Mark Zuckerberg, and he entertained an audience of students with a 30-minute chat in his recently learned Mandarin Chinese at a prestigious Beijing university.
There was no explicit discussion of the ban or any Facebook effort to enter the China market during Wednesday's question-and-answer session at Tsinghua University.
But Facebook CEO Zuckerberg noted during his talk that the social media giant already helps some Chinese companies gain customers abroad.More | Talk | Read It Later | Share
- 'Silicon Beach' brings tech boom to Los Angeles
San Francisco Chronicle, Wednesday - 10/22/2014 - 01:32 PM
"Historically, Silicon Valley has been the center of gravity for tech and startups but I think more and more, these types of companies can be built anywhere," says Erik Rannala, who moved from San Francisco to Los Angeles with his entrepreneurial partner William Hsu several years ago.
Social media software maker Epoxy TV, founded by Juan Bruce and Jason Ahmad, is located in a Venice complex formerly owned by the late actor Dennis Hopper.
What's happening here is part of a growing movement of U.More | Talk | Read It Later | Share
- EPA: Gas mileage inflated on 4 Mini Cooper models
Daily Oklahoman, Wednesday - 10/22/2014 - 10:56 AM
The U. S. government has told BMW to reduce the gas mileage estimates on window stickers of four Mini Cooper models.
Testing by the Environmental Protection Agency lab in Ann Arbor, Michigan, discovered the overstated mileage.
The vehicles affected are the 2014 Mini Cooper three-door and Mini Cooper three-door S models with manual and automatic transmissions.More | Talk | Read It Later | Share
- Asia needs policy coordination amid slower growth
Associated Press, Wednesday - 10/22/2014 - 07:50 AM
Asia-Pacific economies need to recalibrate financial policies in the face of slowing global growth, U. S. Deputy Treasury Secretary Sarah Bloom Raskin said Wednesday, following a meeting of regional financial officials to prepare for next month's Asia-Pacific Economic Cooperation forum.More | Talk | Read It Later | Share