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Business News

Location American Business News for 18 October 2012
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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David Jensen: The Hiring Guru: Don't Be a Fool on Facebook... While Job-seeking! If you didn't take the time to research the company, the job offering, and the responsible individual handling the hiring, why should that individual waste their time reading your résumé, contacting you, and arrang...
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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 22:38
The company was hurt by a dip in computer sales running its Windows operating system and the deferral of some revenue ahead of upcoming releases of its core Windows and Office products.
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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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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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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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SAN FRANCISCO (Reuters) - Google Inc's quarterly results fell well short of Wall Street expectations after its core advertising business slowed, stunning investors used to consistently solid growth from the Internet gian...
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GM to shift 3,000 Hewlett jobs to its payroll

Reuters - 18 Oct 2012 20:39
(Reuters) - General Motors Co will shift 3,000 Hewlett-Packard Co employees to its payroll as part of a sweeping program to overhaul the automaker's information services, GM said Thursday.
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Google’s 3Q Earnings Leak Early, Stock Plunges (NEW YORK) — Google Inc.’s stock plunged suddenly on Thursday afternoon after a contractor released the search company’s third-quarter earnings report early, by mistake. The stock fell $68.19, ...
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Brothers Claim $5M Lotto 6 Years Later

ABC News - 18 Oct 2012 19:50
Brothers Claim $5M Lotto 6 Years Later Two brothers in central New York have claimed a scratch-off lottery ticket worth $5 million that they purchased at their parent’s convenience store six years ago, just 11 days before the deadline to collect. On...
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Google Stock Halted After Early Earnings Release Google stock (NASDAQ: GOOG) has halted trading as its third quarter earnings and revenue, lower than expected, may have been released prematurely.
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A South Korean competitor of the American chemical company DuPont was indicted in Virginia on Thursday, accused of trying to steal trade secrets on the design and manufacture of Kevlar, a widely used product made by DuPo...
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