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Business News

Location American Business News for 11 November 2012

Investors Turn Cautious on Crude

Wall Street Journal - 11 Nov 2012 23:55
Hedge-fund managers are losing faith that persistently strong crude-oil prices will hold amid a fragile macroeconomic backdrop and an adequate oil supply.
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Euro Zone Finance Ministers to Wrestle With Greek Debt

The New York Times - 11 Nov 2012 23:32
The officials are unlikely to sign off on a long-delayed tranche of aid for Greece until they receive a report on the country's progress in meeting its fiscal goals.
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SRIPERUMBUDUR, India/SEOUL (Reuters) - Running around the clock and selling everything it can build, Hyundai Motor's Indian factory is bursting at the seams. But as demand grows and rivals scale up, the car maker has cho...
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The latest James Bond movie, “Skyfall,” not only beat rivals at the box office this weekend, but also had the best North American opening for a Bond movie in the franchise’s history.
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Indianapolis explosion, fire kills 2

Market Watch - 11 Nov 2012 21:15
An explosion in a residential area of Indianapolis that killed two people on Saturday night is under investigation, according to the Indianapolis Star.
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12 feared dead after Myanmar quake

Market Watch - 11 Nov 2012 21:11
As many as 12 people are feared dead after a 6.8 magnitude earthquake hit northern Myanmar on Sunday.
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SYDNEY/HONG KONG (Reuters) - Once darlings of the Australian mining boom, small and middle-tier prospectors are now running low on cash as commodities markets lose their lustre, pushing miners to look near and far for fu...
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PARIS (Reuters) - French advertising group Publicis said on Sunday that demand for advertising rebounded in October, as it reported more than 7 percent organic growth in group sales on strength in the United States, emer...
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10 Companies That Are Hiring Veterans

The Huffington Post - 11 Nov 2012 20:00
10 Companies That Are Hiring Veterans After coming home from war many veterans still face the challenge of unemployment. In 2011, 12.1 percent of recently active U.S. military veterans were jobless....
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Small businesses struggle to recover from  Sandy After filling dumpsters with ruined inventory, many owners of New York City's shops and restaurants find themselves waiting on emergency loans and insurance companies or trying to personally finance their recovery from S...
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Nitin Nohria: Protecting the American Dream Should Be the President's Top Priority Many people equate the American Dream with the attainment of a set of possessions -- a car and a home or a rising standard of living. Those are certainly desirable, but the more important element differentiating the U.S....
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Petraeus affair found during email inquiry

Market Watch - 11 Nov 2012 19:47
An investigation into harassing emails led to the FBI’s discovery of CIA Director David Petraeus’s extramarital affair, which ultimately resulted in his resignation, according to news reports.
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Currency Focus Is Back on Euro Zone

Wall Street Journal - 11 Nov 2012 19:41
The robustness of euro zone economic data this week could dictate how the euro trades.
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Hiding $8 Billion In Trading Losses Apparently Doesn't Hurt Your Job Prospects It took Matthew Marshall Taylor less than three months to land a job at Morgan Stanley (MS) after Goldman Sachs Group Inc. (GS) disclosed in...
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Bond Investors Take Solace in a Secure Fed

Wall Street Journal - 11 Nov 2012 19:33
Steady monetary policy will provide an anchor to help ride out the fiscal tumult expected through the rest of the year.
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Fiscal cliff blues may lead to correction

NBC News - 11 Nov 2012 19:26
Wall Street's post-election sell-off may gather steam in the coming weeks as worries mount about the looming fiscal cliff and technical weakness suggests a possible correction ahead.
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The U.S. economy entered the fourth quarter on solid footing, but the aftershocks of hurricane Sandy and the looming “fiscal cliff” could make for some shakier moments soon.
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ABUJA (Reuters) - Shell shut its Imo River oil pipeline in Nigeria on October 31 due to damage caused by thieves and deferred 25,000 barrels per day (bpd) of production, the company's local unit said on Sunday.
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12 Ways To Score On Cheap Airfare

The Huffington Post - 11 Nov 2012 17:48
12 Ways To Score On Cheap Airfare MoneyTalksNews: Airfares are taking off. According to Travelocity, the average round-trip domestic airfare this Thanksgiving is $386, up 9 percent from last year. But if...
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Despite Bipartisan Efforts, Veteran Homelessness Remains Unsolved CHULA VISTA, Calif. — Arthur Lute's arduous journey from his days as a U.S. Marine to his nights sleeping on the streets illustrates the challenge...
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DUBAI (Reuters) - French oil company Total still hopes to restart gas production at the Elgin Franklin platform in the North Sea by year end but it may not be possible until early next year, a senior executive said on Su...
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MILAN (Reuters) - Finmeccanica SpA chief Giuseppe Orsi reiterated that he would not step down from Europe's third-biggest defense group but said in a newspaper interview that he favored separating the roles of chairman a...
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