Web Images
Follow Us
Sign In

Business News

31 Oct 2014 - United States
Ex-Apple Supplier Says AA former Apple supplier, GT Advanced Technologies (GTAT), is in the middle of filing Chapter 11 bankruptcy after a potentially lucrative partnership with the tech goliath fell apart. We're now getting... GTAT's take on why the partnership crumbled, thanks to a recent court filing from Daniel Squiller, GTAT's chief operating officer. GTAT was long-rumored to be making sapphire display covers for the iPhone 6. When news broke that Apple wasn't in fact using the sapphire for its main display, shares of GTAT tanked. The company then filed for Chapter 11 bankruptcy, which means it can reorganize and continue doing business. But it isn't a great sign for GTAT. Squiller paints a bleak picture of the company's Apple partnership -- from GTAT's perspective -- suggesting the sapphire furnace...
Read More
3
views
0
likes
Rick Berman Encouraged EnergyRichard Berman, the political consultant called Dr. Evil for his below-the-belt tactics, told energy executives in June that they needed to play dirty to expand areas where they can drill for oil, The... New York Times reported Thursday. Berman, trying to sell a $3 million, pro-drilling campaign to the executives in June, told them that they needed to exploit human fear, love, anger, greed and sympathy to win public support, according to a recording of his remarks provided to the Times. "If you can tap into two of them, you are that much better off," Berman told the executives. "The two that resonate the most with people, and that we're trying to use in this particular campaign, are fear and anger." Berman and a colleague suggested digging up embarrassing information on opponents, then...
Read More
1
view
0
likes
The floor includes the two-bedroom Presidential Suite, which can combine with other rooms for a total of 4,786 square feet.
Read More
1
view
0
likes
In an unexpected move, the Bank of Japan's policy board votes to expand the pace of its quantitative easing, sending Tokyo stocks soaring and the Japanese yen falling sharply.
Read More
1
view
0
likes
(Reuters) - Wal-Mart Stores Inc said it will expand its offering of discounted products during the holiday season and may broaden a price-matching scheme to include online rivals, in the latest sign... of an escalating price war among big U.S. retailers.
Read More
1
view
0
likes
Big banks in the U.S. and Europe are stockpiling billions to pay for a potential trans-Atlantic settlement of allegations that they manipulated foreign-exchange rates as talks heat up with regulators... on both continents.
Read More
1
view
0
likes

High & Low Finance: Inflation? Deflation Is New Risk

The New York Times - 31 Oct 2014 01:44
Some central banks, scarred from old battles with escalating prices, were slow to see their new, real problem.
Read More
1
view
0
likes

7 Ways For Women to Win and Succeed in Business

The Huffington Post - 31 Oct 2014 01:18
7 Ways For Women to Win and1.You Can't Do Or Have It . One of the downfall of many business and professional women is the "Superwoman Complex." Once you hang up the Superwoman cape and the Wonderwoman belt and recognize and... accept this fact, your job will get a whole lot easier. Every successful person needs a dedicated support team or at the very least a wing man or woman. You don't have to do everything yourself! Trust your team to do the work, after all that's what you hired them to do. If you are an entrepreneur or small business owner, a great way to expand your staff is by engaging college students as interns. They can provide that extra help when you need it. Additionally, don't rule out family and friends. And do not wait until a project is in jeopardy or you are on the verge of being burned out or a nervous...
Read More
1
view
0
likes

The Fed's First Rate Hike Is In Sight

Business Insider - 31 Oct 2014 01:06
The Fed's First Rate Hike IsFA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisers.  The End Of QE Suggests That The First Rate Hike Is Close (Charles Schwab)... The Fed officially ended quantitative easing on Wednesday. The committee maintained the near-zero target rate, and once again used the "considerable time" language. However, they also added that the rate hike will now be data-dependent. The end of QE means that there is "one less thing in the way" of the first rate hike, according to Collin Martin. "With the Fed using more qualitative guidance, we think it will be important to pay attention to each release of the economic projections to get an idea of when the Fed might start hiking rates and how high they may got. We still think a hike...
Read More
1
view
0
likes

Ukraine and Russia Reach Accord on Natural Gas Deliveries

The New York Times - 31 Oct 2014 00:22
Ukraine and Russia ReachThe agreement, under European Union auspices, ends a standoff over payments for gas Ukraine had already consumed, and terms for future deliveries.
Read More
1
view
0
likes
The charges include about $640 million to cover potential fines and litigation costs related to an investigation into the potential rigging of currency markets by six big banks.
Read More
0
views
0
likes
10 Things In Tech You Need ToGood morning! It's going to be a rainy day in New York. Here's the tech news you need to know for today. 1. Andy Rubin, the founder of Android, is leaving Google. He has been running Google's robotics... division. 2. Apple CEO Tim Cook has come out as gay. He wrote a touching essay in Businessweek. 3. Yahoo has hired Amazon's top sales executive to be its senior vice president of sales, Americas. She previously headed up Amazon's ad sales. 4. GoPro announced earnings that were better than expectations. Shares jumped 8% on the news. 5. LinkedIn's Q3 earnings were better than expectations. The stock fell initially but then rose 1.7%. 6. Google Glass is now banned in all US movie theaters. The movie industry is scared that people will use the device to illegally record movies. 7. Amazon has...
Read More
0
views
0
likes
European Markets Are ClimbingEuropean stocks are all climbing Friday morning, after a big Asian boost following Japan's unexpected decision to extend its quantitative easing program. Here's the scorecard: France's CAC 40 is up... 1.62% Spain's IBEX is up 1.48% Italy's FTSE MIB is up 1.45% Britain's FTSE 100 is up 0.92% Germany's DAX is up 1.53% Asian markets saw a massive rally. The Nikkei closed up 4.83%. The Hang Seng closed up 1.25%. US futures are climbing too: The S&P is up 16.75 points and the Dow is up 149 points.  This morning, we've already had some terrible retail sales figures for Germany: with a 3.2% drop in September, they are the worst since 2007. From Europe, at 6:00 a.m ET, we have inflation and unemployment numbers. Analysts expect that unemployment stayed basically flat in the eurozone in...
Read More
0
views
0
likes
The average price of gasoline in the U.S. hit $3 a gallon Friday, and should soon drop below the benchmark for the first time since December 2010.
Read More
0
views
0
likes

Q&A: Why Japan's economy needs more juice

News Observer - 31 Oct 2014 10:11
Japan is pumping more money into its lagging economy, expanding an already lavish stimulus effort. The surprise announcement Friday highlights diverging fortunes among the world's top economies.... Earlier this week,
Read More
0
views
0
likes
(Reuters) - Starbucks Corp's early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company's shares down... almost 5 percent.
Read More
0
views
0
likes
Malaysia Airlines, GovernmentKUALA LUMPUR, Malaysia (AP) -- Two Malaysian children sued Malaysia Airlines and the government on Friday over the loss of their father on Flight 370, the first lawsuit filed in the country by... relatives of those aboard the jetliner that mysteriously disappeared eight months ago. Jee Kinson, 13, and Jee Kinland, 11, accused the civil aviation department of negligence for failing to try and contact the plane within a reasonable time after it disappeared from radar while flying from Kuala Lumpur to Beijing on March 8 with 239 people on board. The suit filed at the Kuala Lumpur High Court alleges the airline was negligent and failed to take all due measures to ensure a safe flight. It also named the directors-general of civil aviation and immigration, the country's air force chief and the...
Read More
0
views
0
likes

The 10 Most Important Things In The World Right Now

Business Insider - 31 Oct 2014 09:37
The 10 Most Important ThingsGood morning! Here's what you need to know for Friday. 1. The Bank of Japan unexpectedly announced Friday morning that it would ease monetary policy due to concerns about falling oil prices.  2.... Israel is reopening a holy site in Jerusalem that was closed on Thursday for the first time in many years "after an Israeli counterterrorism unit killed a Palestinian man suspected of trying the night before to assassinate a leading agitator for increased Jewish access to the site," The New York Times explained.  3. Sweden has become the largest European nation to recognize Palestine as a state.  4. A Human Rights Watch report released on Thursday describes a horrific incident in which ISIS militants lined up 600 Shia, Christian, and Yazidi male prisoners and executed them at point blank...
Read More
0
views
0
likes

German Retail Sales Fall Through The Floor

Business Insider - 31 Oct 2014 09:34
German Retail Sales FallGermany's retail sales just hit a wall: they dropped 3.2% in September, the worst monthly decline since May 2008. The eurozone's powerhouse economy didn't see anything this bad during the financial... crisis, or in the years of the euro crisis that followed it.  This all follows the grim news earlier in October that the country's industrial sector seems to be grinding to a halt. There's no doubt that this data point is going in the pile suggesting that Germany might be about to fall into recession. Here's what Claus Vistesen at Pantheon Macroeconomics had to say about the grim numbers: The plunge in German retail sales, the biggest drop since May 2007, indicates that the German economy was very close to a technical recession in Q2 and Q3.Retail sales were on track for a decent quarterly...
Read More
0
views
0
likes
(Reuters) - The Bank of Japan surprised global financial markets on Friday by expanding its massive monetary easing as economic growth and inflation have not picked up as expected after a sales tax... hike in April. The jolt from the BOJ, which had been expected to maintain its level of asset purchases, came as the government signaled its readiness to ramp up spending to boost the economy and as the government pension fund, the world's largest, was set to increase purchases of domestic and foreign stocks.
Read More
0
views
0
likes
Medicare Working To Fix RuleWASHINGTON (AP) -- Call it drugs for the departed: Medicare's prescription program kept paying for costly medications even after patients were dead. The problem was traced back to a head-scratching... bureaucratic rule that's now getting a second look. A report coming out Friday from the Health and Human Services Department's inspector general says the Medicare rule allows payment for prescriptions filled up to 32 days after a patient's death -- at odds with the program's basic principles, not to mention common sense. "Drugs for deceased beneficiaries are clearly not medically indicated, which is a requirement for (Medicare) coverage," the IG report said. It urged immediate changes to eliminate or restrict the payment policy. Medicare said it's working on a fix. Investigators examined claims...
Read More
0
views
0
likes
The Bank of Japan will buy larger quantities of government debt in an effort to battle deflation.
Read More
0
views
0
likes
Japan Just Boosted QE And TheThe Nikkei closed up 4.83%, hitting a seven-year high after the Bank of Japan (BoJ) unexpectedly announced it was expanding its monetary easing policy Friday morning. In a tight vote, the BoJ backed... an 80 trillion yen ($720 billion) target for expanding the monetary base (a measure of the amount of money held by the central bank and in the economy). That's up from a 60-70 trillion yen target before. Analysts were basically not expecting anything today: this one is a genuine surprise. Just as the Fed this week announced the final tapering of QE3 (where the monthly bond purchases the Fed had been making were stopped), the Bank of Japan is hitting the gas.  No prizes for spotting the announcement on this graph of the Nikkei:  This was a major unexpected move by Haruhiko Kuroda, the Bank of...
Read More
0
views
0
likes
(Reuters) - A top Federal Reserve policymaker on Friday said global central banks have had good success with inflation-targeting, but should consider other methods that may work better in the face of... low interest rates and the risk of asset bubbles.
Read More
0
views
0
likes
The Bank of Japan said that it took the step amid concerns that a decline in oil prices could get in the way of its battle against deflation.
Read More
0
views
0
likes