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Business News

Location American Business News for 17 October 2012

John Hoffman, Developer of Energy Star, Dies at 62

The New York Times - 17 Oct 2012 06:57
John Hoffman, Developer of Energy Star, Dies at 62 Mr. Hoffman developed the government’s Energy Star program and helped shape a treaty to protect the ozone layer.
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How to Tell if a Franchise Chain is Serious About Growth Visit the website of nearly any franchise chain, and you'll get the same message: We want you to buy a franchise!
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Nike, Anheuser-Busch Drops Lance

ABC News - 17 Oct 2012 23:01
Nike, Anheuser-Busch Drops Lance Lance Armstrong may be at the bottom of his uphill battle against doping charges after his biggest sponsor, Nike, announced that it was severing its 16-year relationship with the cycling star as he announced he was stepp...
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Johnson and Johnson Profit Falls, but Beats Estimates

The New York Times - 17 Oct 2012 08:10
Despite a drop in earnings, the health care products giant raised its 2012 outlook.
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Advertising: Cracker Barrel Cheddar Dares to Win Prizes

The New York Times - 17 Oct 2012 08:00
Advertising: Cracker Barrel Cheddar Dares to Win Prizes Cracker Barrel’s new ad campaign highlights cheese competitions that the brand has won.
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Arresting Jill Stein - Stupidest Idea I Ever Heard I am not watching the debates.  Instead I have been entranced by this video of two ladies who are on the ballot in enough states to be elected President and Vice President of the United States.  They are being arre...
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50-Carat Diamond Sells For $9.5 Million

Forbes - 17 Oct 2012 03:30
50-Carat Diamond Sells For $9.5 Million NEW YORK — Big diamonds sparkled during Christie’s sale of Magnificent Jewels in New York on Tuesday. Leading the way was a pear-shaped D color flawless diamond of 50.52 cts., which sold for $9.5 million, o...
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(Reuters) - New Citigroup Inc Chief Executive Officer Mike Corbat set up interim reporting lines for his executive ranks on Wednesday, a day after he was named to the top job at the New York-based global bank.
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BOSTON (Reuters) - A flagging world economy took a toll on much of Corporate America in the third quarter, leading the likes of eBay Inc, American Express, IBM and Textron Inc to miss Wall Street's sales targets or warn ...
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Profits and sales rise at eBay

BBC - 17 Oct 2012 23:37
Profits and sales rise at eBay Online retailer and auction site eBay reports a rise in quarterly sales and profits, as more people used the site and its payment service PayPal.
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Broken banks put eurozone in federal mood Eurozone aims to tighten up supervision of banks
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NEW YORK (Reuters) - One of the first big hedge funds to try to profit from a rebound in the U.S. housing market by investing in foreclosed homes is looking to cash out, even as other institutional investors are still ge...
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MOUNT VERNON, Iowa (Reuters) - President Barack Obama hit rival Mitt Romney hard on women's issues as he headed back on the campaign trail on Wednesday after a spirited debate performance that re-energized his bid for a ...
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SAN FRANCISCO (Reuters) - A White House-ordered review of security risks posed by suppliers to U.S. telecommunications companies found no clear evidence that Huawei Technologies Ltd had spied for China, two people famili...
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Presidents have little control over gas prices

NBC News - 17 Oct 2012 22:22
When you pull up to that gas pump and nearly faint from how much it costs you to fill 'er up, you may be tempted blame the government for not doing enough to keep a lid on prices. Resist the temptation.
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Stocks finish flat amid new data, earnings

NBC News - 17 Oct 2012 22:06
Stocks closed Wednesday flat, as investors digested solid U.S. housing starts and weak results from tech bellwethers pressured the Dow.
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Armstrong leaves foundation to ride rocky road

NBC News - 17 Oct 2012 22:06
Armstrong leaves foundation to ride rocky road Lance Armstrong's Livestrong Foundation may require a substantial rebranding and even a name change because the 16-year-old group is so closely tied to the identity of its disgraced founder.
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Who has a better pension: Romney or Obama?

NBC News - 17 Oct 2012 21:53
When it comes to the presidential candidates' pensions, size matters in more ways than one. Retirement packages sparked one of a series of confrontations during the Tuesday debate between President Obama and Republican c...
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In China, a Move to Tiny Living Space

Wall Street Journal - 17 Oct 2012 21:10
Amid strong unmet demand for low-end homes, China's developers are moving to serve that market, even as the government cools the overheated luxury-home market.
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Tesco added to investors' shopping lists on buy-back speculation The FTSE 100 supermarket group was among the blue-chip risers today.
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Tainted Fish May Swim Onto US Plates

ABC News - 17 Oct 2012 20:20
Tainted Fish May Swim Onto US Plates Seafood raised on pig feces and crawling with flies is being sold to U.S. consumers, according to Bloomberg Markets. The magazine says it is common practice in some parts of Asia, such as Vietnam, to feed fish pig waste.
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VIDEO: UK unemployment falls to 2.53 million Unemployment fell by 50,000 to 2.53 million between June and August, official figures show, as the number of people in work hits a record high.
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