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Business News

Location American Business News for 18 October 2012

New York bank 'bomb plot' foiled

BBC - 18 Oct 2012 01:00
New York bank 'bomb plot' foiled FBI agents arrest a Bangladeshi man for plotting to detonate what he thought was a massive bomb in front of the Federal Reserve building in New York.
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France's 'rich tax' means Paris mansions for sale France’s new 75 percent income tax on the rich may not be popular with millionaires. But it’s being cheered by another group: Paris real-estate buyers.
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Ted Harro: Three Reasons Unrealistic Goals Create a Culture of Failure Great organizations know that people are motivated by fully achieving challenging goals on a regular basis. Here are a few ways you can foster that kind of high-achievement atmosphere as you do your planning this year.
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VIDEO: Google shares suspended after error Trading in Google shares was suspended for two-and-a-half hours after the internet giant released its third-quarter results early by mistake.
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Nick Gidwani: Making the Exception the Rule

The Huffington Post - 18 Oct 2012 23:46
Nick Gidwani: Making the Exception the Rule Too many Americans looking for work are enrolled in costly, ineffective and time-consuming degree programs.
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Keystone Pipeline Shut Temporarily Due To 'Possible Safety Issues' KANSAS CITY, Mo. (AP) — TransCanada Corp. has temporarily shut down its existing 2,100-mile Keystone pipeline after tests showed possible safety issues, a federal agency...
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Cerian Jenkins: Women in Business: Their Own Worst Enemy?

The Huffington Post - 18 Oct 2012 23:35
Cerian Jenkins: Women in Business: Their Own Worst Enemy? For years there has been talk of 'men keeping women down,' but is it the bitter truth that women remain their own worst enemies?
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French-German Disputes Could Mar European Summit

The New York Times - 18 Oct 2012 23:35
With market pressure on the euro zone easing for now, experts worry that a meeting of European Union leaders will bog down in bickering that delays promised reforms.
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India Opens Inquiry Into Wal-Mart

The New York Times - 18 Oct 2012 23:34
Regulators are looking into whether a nearly $100 million investment Wal-Mart Stores made in Bharti Retail violated foreign investment laws.
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Drug Makers Stalled in a Cycle of Quality Lapses and Shortages Government warnings have led to plant overhauls, but drug shortages have often been the result.
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Merkel’s Rival, Peer Steinbrück, Strikes Early

The New York Times - 18 Oct 2012 23:20
A year before general elections, Peer Steinbrück asserted that Chancellor Angela Merkel had failed to convince Germans about the benefits of euro membership.
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Microsoft Profit Falls as PC Sales Shrink

The New York Times - 18 Oct 2012 23:12
In a grim market for personal computers, the software company’s net income and revenue both declined, and the misses also fell short of analysts’ expectations.
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Error sees Google stock suspended

BBC - 18 Oct 2012 22:47
Error sees Google stock suspended Trading in Google shares was suspended for over two hours after it released financial results early by mistake, showing a 20% profit fall.
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Rosneft Said to Have Deal for BP’s Russian Venture

The New York Times - 18 Oct 2012 22:27
Rosneft is likely to conclude a deal or deals to take effective control of TNK-BP, and its plans could be announced Thursday.
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Google snafu drags Wall Street lower

NBC News - 18 Oct 2012 22:25
A sharp drop in Google's stock dragged the Nasdaq composite down 1 percent after a weak earnings report for the company was inadvertently released hours ahead of schedule. Other indexes closed with smaller losses Thursda...
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NEW YORK (Reuters) - JPMorgan Chase & Co apologized to the U.S. energy regulator on Thursday for providing misleading information about California electricity markets, saying it was inadvertent.
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China’s Sluggish Economy Shows Slight Uptick

The New York Times - 18 Oct 2012 21:58
The latest data show a slow third quarter ending with some positive news in September about retail sales and industrial output.
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Goldman Sachs Tell-All Leaked

ABC News - 18 Oct 2012 21:47
Goldman Sachs Tell-All Leaked Greg Smith, the former Goldman Sachs vice president made famous for his scathing op-ed/resignation letter in the New York Times, is in the news again–this time for his 276-page book,  “Why I Left Goldman ...
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Tax powers decision 'now with PM'

BBC - 18 Oct 2012 21:27
Tax powers decision 'now with PM' A decision on whether to grant Northern Ireland power over corporation tax now rests with David Cameron, and could be made within weeks.
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NEW YORK (Reuters) - Just days before publication of a book promising to expose a rampant culture of greed at Goldman Sachs Group Inc , the Wall Street company is writing its own story about the book's author.
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NEW YORK (Reuters) - A U.S. trial has been set for next fall in a Chevron Corp lawsuit that accuses Ecuadorean residents, their lawyers, and advisers of fraud in obtaining a $19 billion pollution award against the U.S. o...
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Shell falls as FTSE 100 reaches seven-month high

Telegraph - 18 Oct 2012 21:13
Shell falls as FTSE 100 reaches seven-month high The oil giant was on the back-foot during trading today.
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