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Business News

Location American Business News for 23 September 2012
(Reuters) - Unionized workers at Ford Motor Co's Canadian operations have voted in favor of a four-year labor agreement with the company, the Canadian Auto Workers union and Ford said on Sunday.
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Buying into companies seeking bankruptcy protection often ends badly.
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News From the Advertising Industry

The New York Times - 23 Sep 2012 21:50
Account assignments, executive appointments and miscellaneous news from advertising agencies.
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Economy Is Failing One FedEx Shipment At A Time

The Huffington Post - 23 Sep 2012 20:56
Economy Is Failing One FedEx Shipment At A Time NEW YORK -- FedEx Corp. says the global economy is stalling, and it's going to get worse next year. The conditions are shrinking earnings at...
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HOUSTON (Reuters) - The U.S. Environmental Protection Agency is investigating possible criminal violations by Chevron Corp at its SanFrancisco Bay-area refinery in Richmond, California, according to a report by the San F...
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PARIS (Reuters) - Societe Generale has set itself a target to increase profits at its retail banking arms in Russia and Romania, the chief executive of France's No. 2 listed bank has told the Financial Times.
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Beef Recall Expanded For The Sixth Time: Twitter Reacts

The Huffington Post - 23 Sep 2012 19:49
Beef Recall Expanded For The Sixth Time: Twitter Reacts The recall of ground beef from Edmonton-based producer XL Foods has been expanded for the sixth time. It also includes unlabelled ground beef products...
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SAO PAULO (Reuters) - BSG Resources, a mining company operating in Guinea with Brazil's Vale , may sue investment bank BTG Pactual over the latter's role as an adviser to the West African country's government, O Estado d...
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Douglas Kantor: A Year After Debit Reform, Consumers Benefit Even as Banks Cast False Blame While the average American is making less and the income gap widens, profits in the banking industry are higher than they were pre-recession.
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Disruptions: Will Apple Be the First to Break $1 Trillion?

The New York Times - 23 Sep 2012 18:34
If Apple continues on its current trajectory, it might break a barrier on April 9, 2015, that no company has ever touched.
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F1: Vettel triumphs in Singapore

CNN - 23 Sep 2012 18:02
Sebastian Vettel took advantage of Lewis Hamilton's gearbox problems to claim victory at the Singapore Grand Prix for the second consecutive year.
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Slow Box Office Led By 'End Of Watch,' 'House At The End Of The Street' Counting "The Master," which expanded to 788 theaters on Friday, moviegoers had five new releases to choose from over the weekend. Perhaps not surprisingly, parity...
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Detroit: Start-Up Dreams And Dark Euphoria

The Huffington Post - 23 Sep 2012 17:48
Detroit: Start-Up Dreams And Dark Euphoria Where I live in the Bay Area, there's a certain glamour to Detroit. It's the heart of what Bruce Sterling termed "dark euphoria." "Dark Euphoria...
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TEL AVIV (Reuters) - Israel's parliamentary finance committee on Sunday approved a Finance Ministry proposal for the handling of "trapped profits" earned by multinational firms that is expected to add 3 billion shekels (...
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LAGOS (Reuters) - Nigeria's central bank has banned loans to 113 firms, including the country's two major airlines, which have failed to repay debts after a 2009 financial crisis that nearly brought down the banking syst...
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Electric car tax breaks cost $7.5B

USA Today - 23 Sep 2012 17:18
A plug-in electric will cost up to $19,000 more over its lifetime
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NEW YORK (Reuters) - Stocks could struggle to stay close to nearly five-year highs this week as worries mount about third-quarter earnings and the market appears primed for a pullback from recent stimulus-driven gains.
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WASHINGTON (Reuters) - When Daniel McCune graduated from college three years ago, he was optimistic his good grades would earn him a job as an intelligence analyst with the government.
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Police: Flight Attendant Stole Passenger's Gadget

The Huffington Post - 23 Sep 2012 17:00
Police: Flight Attendant Stole Passenger's Gadget OREGON CITY, Ore. (AP) — Police say a Nevada man who lost his iPad on an airplane used an app called Find My iPad to...
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The Major Issue 'Totally Missing' From The Presidential Campaign The issue: People love to talk about the weather, especially when it's strange like the mercifully ended summer of 2012. This year the nation's weather...
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'Some People Thought It Was Stupid'

The Huffington Post - 23 Sep 2012 16:13
'Some People Thought It Was Stupid' PITTSBURGH (AP) — It sounds like a free-market success story: a natural gas boom created by drilling company innovation, delivering a vast new source of...
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Why The Jobs Crisis Is Worse Than We Think

The Huffington Post - 23 Sep 2012 15:59
Why The Jobs Crisis Is Worse Than We Think By Lucia Mutikani WASHINGTON, Sept 23 (Reuters) - When Daniel McCune graduated from college three years ago, he was optimistic his good grades would earn...
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