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Business News

Location American Business News for 1 November 2012
General Motors GM October sales
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TOKYO (Reuters) - Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energ...
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Tech Wreck: The Fall Of Social Web Billionaires Meet the nine social networking entrepreneurs and investors whose fortunes dropped as stocks like Facebook, Groupon and Zynga tumbled in value.
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HuffPost Teams Up With Oprah

The Huffington Post - 1 Nov 2012 23:53
HuffPost Teams Up With Oprah The Huffington Post Media Group and the Oprah Winfrey Network are today launching a site the pair of media giants had announced in May, called...
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(Reuters) - U.S. solar companies First Solar Inc and SunPower Corp reported stronger-than-expected quarterly results, defying weak prices and excess supply of solar panels by cutting costs and increasing their focus on b...
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WASHINGTON (Reuters) - A Federal Trade Commission staff report has recommended that the government sue Google for violating U.S. antitrust law because it asked courts to stop sales of some products which infringe on its ...
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NEW YORK (Reuters) - Knight Capital Group said on Thursday it was processing stock orders as usual and that its regular power supply had been restored a day after a backup power generator went down, forcing the brokerage...
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NEW YORK (Reuters) - Nearly 1,200 retailers said on Thursday they will urge a federal judge to reject a proposed $7.2 billion settlement between merchants and Visa Inc and Mastercard Inc over credit card fees, calling it...
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Gil Laroya: Applying Harmony to Your Corporate Environment

The Huffington Post - 1 Nov 2012 23:37
Gil Laroya: Applying Harmony to Your Corporate Environment In today's economy, businesses need to leverage the strengths of their employees to get the most productivity while providing the best environment for their employees to be productive in.
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Can I Deduct Sandy's Wrath?

Forbes - 1 Nov 2012 23:30
Can I Deduct Sandy's Wrath? In the midst of picking up the pieces after the devastation of Hurricane Sandy, taxes probably are not the first thing on your mind.  However, with disasters comes property damage or loss, both partial and total, whic...
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Net income was $24.4 million, up from $19.7 million a year earlier and beating analysts' estimates. Revenue was $186.3 million, up about 16 percent from $160.8 million in the year-earlier quarter.
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(Reuters) - Starbucks Corp reported higher quarterly profit on Thursday, as overall sales at its established coffee shops topped analysts' estimates, and it raised its forecast for fiscal 2013.
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Memo To Mitt Romney: Building Jeeps In China Is Good For America Republican Presidential candidate Mitt Romney purports to be an experienced businessman, as he has told us again and again on the campaign trail. So why doesn't he see that building Jeeps in China is good for America?
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AIG Swings to Profit, Beats Expectations

Wall Street Journal - 1 Nov 2012 23:19
American International Group swung to a third-quarter profit of $1.9 billion, driven by a drop in costs tied to natural disasters and improvements in several lines of business.
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Disney Purchase Boosts George Lucas' Net Worth By More Than $700 Million George Lucas is best known as the guy behind Star Wars but going forward, he'd like to be known for his philanthropy. The mogul has vowed to donate most of the money coming from Disney's $4 billion purchase of his compan...
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Dave Lauer: The Lack of Foresight Report: Why Can't We Do Better? The frustration of those of us arguing for pragmatic reforms and unbiased research should be evident. I am thankful that here in the United States, the SEC has at least begun to realize the need for more independence in ...
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Election 2012: The Decision For Investors

Forbes - 1 Nov 2012 23:11
Election 2012: The Decision For Investors Obama Vs. Romney on taxes, dividends and investment gains.
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'The Economist' Endorses Obama For President London-based magazine, The Economist, endorsed President Barack Obama on Thursday.  It is the second time the world's leading economics-focused magazine has endorsed Obama, this time by a narrow margin over former Mas...
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Blue Nile Sales Up 19.8% Due To Broad Product Appeal And Growth In New Customers Online diamond and jewelry retailer Blue Nile said Thursday its net sales increased 19.8 percent, year-over-year, to $89.8 million for the third quarter due to a increases in all its product categories, including its new...
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Eve Tahmincioglu: Sandy's Impact on the Flexible Workplace

The Huffington Post - 1 Nov 2012 23:10
Eve Tahmincioglu: Sandy's Impact on the Flexible Workplace Unfortunately, sometimes it takes a disaster to change perceptions when it comes to how workers work and what makes sense for employers.
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Does Sandy Have A Silver Lining For Midlife Job Seekers?

The Huffington Post - 1 Nov 2012 23:10
Does Sandy Have A Silver Lining For Midlife Job Seekers? According to Amanda Augustine, job search expert with TheLadders, Hurricane Sandy and the rebuilding effort that will follow may have just given out-of-work midlifers a...
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America's Best Cities For Finding A Job

Forbes - 1 Nov 2012 23:07
America's Best Cities For Finding A Job Juju.com releases a monthly Job Search Difficulty Index, which measures the difficulty of finding employment in 50 major cities around the country. The Index is calculated by dividing the number of unemployed workers in ...
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