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Business News

Location American Business News for 30 October 2012

Wall Street closes for Hurricane Sandy

CNN - 30 Oct 2012 04:04
The New York Stock Exchange closes for the first time in 27 years because of weather.
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(Reuters) - Dow Chemical Co will take a fourth-quarter charge of up to $1.1 billion related to last week's announcement it will close 20 plants, write down the value of its lithium ion battery business and lay off thousa...
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LOS ANGELES (Reuters) - Walt Disney Co has agreed to buy filmmaker George Lucas's Lucasfilm Ltd and the "Star Wars" franchise for $4.05 billion in cash and stock, a blockbuster deal that includes the surprise promise of ...
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Canada sees G20 talks pressuring Europe, U.S

Reuters - 30 Oct 2012 23:37
OTTAWA (Reuters) - This weekend's meetings of the Group of 20 leading nations are likely to keep pushing Europe and the United States to confront their debt troubles, Canadian Finance Minister Jim Flaherty said on Tuesda...
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The price of tea in China does matter. Even to the Greek pizza shop owner in Pennsylvania.
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Crocs to run fewer holiday season promotions

Reuters - 30 Oct 2012 23:36
(Reuters) - Crocs Inc , known for its namesake clogs, said it will offer fewer discounts during the all-important U.S. holiday season this year as the shoemaker focuses on promoting a new line of products.
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Borrowers hit by Sandy may get relief

Market Watch - 30 Oct 2012 23:34
Government-seized housing giants Fannie Mae and Freddie Mac outline relief options for borrowers with homes damaged or destroyed by hurricane Sandy.
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Deal Professor: The Risks of Tapping Your Retirement Fund for an Alternative Use Individual retirement accounts and 401(k)'s are being used increasingly to invest in start-ups or commodities, but such maneuvers can leave users penniless in retirement.
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Gerald McSwiggan: Hurricane Sandy: 5 Tips for Business Donors

The Huffington Post - 30 Oct 2012 23:31
Gerald McSwiggan: Hurricane Sandy: 5 Tips for Business Donors While the Eastern Seaboard starts to assess the impact and needs that follow in Sandy's wake, your company might also be thinking about the storm -- such as how you might choose to assist with response efforts.
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InvestmentNews is open for business --- there is something to be said, from a technology standpoint, for occupying the high ground --- the same cannot be said for the markets however.
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Romney back to campaigning, Obama hunkers down

Market Watch - 30 Oct 2012 23:25
After a lull forced by Hurricane Sandy, Mitt Romney returns to the campaign trail Wednesday while President Barack Obama remains at the White House.
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Apple keeps analyst support with shake-up

Market Watch - 30 Oct 2012 23:22
A handful of analysts said Tuesday that Apple’s high-level shake-up should not pose a long-term problem for the company.
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Stock Market Could Be Crazy When It Opens Again

The Huffington Post - 30 Oct 2012 23:10
Stock Market Could Be Crazy When It Opens Again If and when U.S. stock trading starts up again on Wednesday, the crowd waiting to trade will be like those Black Friday masses busting down...
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A while back, I shared a story about gambling in the stands during South Florida Youth Football League games -- as in, grown people betting money on contests involving kids ages 5 to 15. On Oct. 29, the Broward County (F...
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With U.S. stock markets to reopen on Wednesday following two days of closure, General Motors, MetLife and MasterCard are among major companies planning to report quarterly earnings as scheduled.
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2012 Audi TT RS

Forbes - 30 Oct 2012 22:50
2012 Audi TT RS The 2012 Audi TT RS surprised my socks off. With a base price of $56,850 ($61,125 as tested), the TT RS carries Audi’s 4-year/50,000-mile warranty with roadside assistance and an EPA fuel economy estimate of 18 mp...
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2012 Audi TT RS Test Drive And Review - The Power To Surprise I can't remember the last time I was genuinely surprised by a car. Surprised in a good way, that is.
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Arnold Greenberg, a Founder of Snapple, Dies at 80

The New York Times - 30 Oct 2012 22:49
Along with two partners, Mr. Greenberg, a Brooklyn native, started a company that became one of the first to offer a line of beverages made with natural ingredients.
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Obama win would mean green light for DOL proposal; Romney, red
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Stock Market to Reopen After Sandy

ABC News - 30 Oct 2012 22:27
Stock Market to Reopen After Sandy Hurricane Sandy‘s winds and rains subsided today, and the New York Stock Exchange announced it will open for normal operations on Wednesday.  This was the first time since 1888 that weather shut down stock tradi...
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No More Impulse Buys: How To Teach Your Kids About Money No matter where you are, it seems like there is something for your child to want. At the mall, it's a video game or $.50 rides that last 45 seconds; at the zoo, an adorable stuffed animal; at the supermarket checkout, a ...
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(Reuters) - Citigroup Inc said it is ready for markets to re-open on Wednesday despite power outages in the waterside neighborhood around its trading floors and flood damage in a building where its investment bankers are...
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