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by rushabh

Sheryl Sandberg of Facebook, Staying on Message

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Sheryl Sandberg, Facebook’s No. 2 executive, considers herself a role model for women. But her call isn’t simply about mentoring and empowering, it’s also a business strategy.

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by rushabh

Deutsche Boerse board member wants CEO out: paper (Reuters)

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photoFRANKFURT, Feb. 4, 2012 (Reuters) -- Deutsche Boerse's <DB1Gn.DE> chief executive Reto Francioni should step down following the collapse of its $7.4 billion plan to merge with NYSE Euronext <NYX.N>, a member of the German exchange operator's supervisory board told a newspaper. ... > read full story


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by rushabh

Hungary seeks 15-20 billion euro IMF/EU credit line: official (Reuters)

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photoBUDAPEST, Feb. 4, 2012 (Reuters) -- Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying. ... > read full story


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by rushabh

Jobless Rate Falls to 8.3%, Altering Face of Campaign

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Two dueling realities — an improving economy that remains very weak — create serious political risks for top advisers to President Obama and Mitt Romney.

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by rushabh

India cricket team loses chief sponsor

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

NEW DELHI: Indian cricket was hit by a major crisis on Saturday when the long-time sponsor of the national team pulled out over its differences with the Board of Control for Cricket in India.

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by rushabh

Micron CEO dies in plane crash

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

LOS ANGELES: Steve Appleton, the chief executive of leading semiconductor maker Micron Technology, died at the age of 51 when a small plane he was piloting crashed at an Idaho airport, his company said.

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by rushabh

Looking Forward, Fiji Turns to Its Canoeing Past

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The traditional canoe is at the center of several projects aimed at reducing Fiji’s energy consumption, providing cheaper transport, keeping local traditions alive and giving a boost to tourism.

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by rushabh

Eurozone ministers to discuss Greece

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

ATHENS: Eurozone finance ministers were to confer by telephone on Saturday after 12 hours of talks in Athens failed to produce a breakthrough on a Greek bailout deal, the Greek finance minister said.

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by rushabh

Business Briefing | Company News: Tyson Foods’ Profit Falls but Beats Estimates

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Tyson Foods said its profit fell to $156 million, or 42 cents a share, in its fiscal first quarter; that was down from $298 million, or 78 cents a share, a year earlier.

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by rushabh

Wealth Matters: Advantages and Risks of Gingrich’s S Corporation

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Newt Gingrich set up his speaking and consulting business as an S corporation, which exempted this portion of his income from Medicare taxes, an unusual move for a business based on services.

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by rushabh

New York Sues 3 Banks Over MERS Mortgage Database

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The state attorney general asserted that fraudulent use of the tracking system allowed Bank of America, Wells Fargo and JPMorgan Chase to avoid the need for recording mortgage transfers.

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by rushabh

Caterpillar to Close Assembly Factory in Canada

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The company planned to move locomotive production to other operations in North and South America after contract talks with unionized workers soured.

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by rushabh

January Jobs Report Reflects Hope a Recovery Is Blooming

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The front wheels have lifted off the runway. Now, Americans are waiting to see if the economy can truly get aloft.

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by rushabh

Off the Charts: A Long-Term Slide in Growth for Industrialized Economies

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The major developed countries are all experiencing slowdowns in growth, a trend the International Monetary Fund’s new projections indicate will continue.

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by rushabh

Steve Appleton, Micron Technology C.E.O., Dies in Plane Crash

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Steve Appleton, whose death was considered a major loss for the struggling company, was piloting the small craft in Boise, Idaho.

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by rushabh

Business Briefing | Legal and Regulatory News: S.E.C. Settles With Former Qwest Executive

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The Securities and Exchange Commission has reached a settlement with the former chief financial officer of Qwest Communications International, Robert Woodruff, regarding a civil fraud suit.

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by rushabh

Corporate Tax Break on Equipment May Have Silver Lining

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

A tax break added billions to the federal government’s current deficit, but the government says it should recoup 80 percent of the shortfall in the future.

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by rushabh

Business Briefing | Legal and Regulatory News: William J. Baer Nominated to Lead Antitrust Division

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

William J. Baer, a lawyer at Arnold and Porter, was nominated by President Obama to head the Justice Department’s antitrust division.

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by rushabh

Your Money: Want Better Car Insurance Rates? You Have to Make the Call – Your Money

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

A retiree qualified for lower car insurance premiums, but found that out only after a chance piece of mail prodded him to call his insurer.

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by rushabh

Common Sense: At 102%, His Tax Rate Takes the Cake – Common Sense

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

In submissions of tax burdens from readers, James Ross, founder and managing member of the investment firm Rossrock, was on a perch all his own.

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by rushabh

Zuckerberg’s Big Tax Bill May Benefit Facebook

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Mark Zuckerberg plans to exercise stock options with an estimated value of $5 billion ahead of Facebook’s initial public offering, which will translate into a big tax benefit for the company.

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by rushabh

Obama’s Magic Number May Be 150,000 Jobs Per Month

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

With 243,000 jobs created in January, the economy is starting to look more positive. That might be a plus for the president in the November election.

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by rushabh

DealBook: Goldman Gives Blankfein $7 Million Stock Award

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

With a $2 million base salary, the 2011 pay package for Lloyd Blankfein, the chief executive of Goldman Sachs, so far totals $9 million. Goldman has not yet disclosed the size of his cash bonus.

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by rushabh

Budweiser: ‘Eternal Optimism’ Ad

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Watch Budweiser's 'Eternal Optimism' Super Bowl Ad.


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Pepsi: Elton John in ‘King’s Court’s Ad

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Watch Pepsi's Super Bowl XVLI ad titled "King's Court" featuring Elton John and X Factor winner Melanie Amaro.


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by rushabh

Strong US jobs growth spurs recovery hopes

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

WASHINGTON: US businesses shifted into hiring gear in January, creating jobs at the fastest clip in nine months, official data showed Friday amid signs the recovery from deep recession is gaining traction.

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by rushabh

Gianpiero Moretti, Modernizer of Racecar Steering Wheels, Dies at 71

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Mr. Moretti started his automotive accessories company Momo in 1966, and it expanded to make an array of racing products.

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by rushabh

War Torn: An Iraq War Veteran’s Story

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Ian Welch was on his first combat tour in Iraq, waiting to storm across the Diyala Bridge and seize Baghdad, when an artillery round exploded behind him--changing his life forever. Now he and his girlfriend Katie are hoping love can change it back.


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by rushabh

Met Life: ‘Fortunate’ Ad

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Watch Met Life's "Fortunate" ad for Super Bowl XLVI.


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by rushabh

E-Trade: ‘Fatherhood’ Ad

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

A new father contemplates his future in E-Trade's Super Bowl XLVI ad.


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by rushabh

Coca-Cola: ‘Superstition’ Ad

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Coca Cola's new ad for Super Bowl XLVI features a superstitious polar bear watching the ballgame.


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Coca Cola: ‘Slippery Catch’ Ad

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Watch Coca Cola's Super Bowl ad featuring a polar bear who almost loses a slippery bottle of cola.


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Century 21: ‘Smarter, Bolder, Faster’ Ad

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Watch Century 21's ad for Super Bowl XLVI featuring Donald Trump, Deion Sanders and Apolo Ohno.


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by rushabh

Kia: ‘Drive the Dream’ Ad

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Watch Super Bowl XLVI Kia ad "Drive the Dream".


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by rushabh

Nasdaq core profit tops expectations (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

, Feb. 3, 2012 (Reuters) -- Nasdaq OMX Group Inc's <NDAQ.O> core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment. ... > read full story

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by rushabh

U.S. Jobs Report Gives Stocks a Lift

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The Dow industrials closed at the highest point since 2008, and the Nasdaq composite regained a level last seen in 2000.

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by rushabh

Gadgetwise Blog: App Smart Extra: Super Bowl Apps

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Most football fans will be forced to spend at least part of the weekend away from televised Super Bowl coverage. For those not willing to endure that sort of pain, the N.F.L. this week released three apps to help.

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by rushabh

Wall Street analysts struggle to predict Apple (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photoSAN FRANCISCO, Feb. 3, 2012 (Reuters) -- By day, Robert Leitao manages a Catholic church in Southern California. By night, he indulges his other passion: predicting Apple Inc's <AAPL.O> results. ... > read full story


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by rushabh

F.B.I. Admits Hacker Group’s Eavesdropping

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The group known as Anonymous listened in on a call between the bureau, Scotland Yard and other foreign police agencies about their joint investigation of the group and its allies.

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by rushabh

Hungary’s Malev Airline Halts Flights

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The money-losing airline was placed under control of a bankruptcy trustee, prompting creditors to begin seizing its planes outside the country.

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by rushabh

Economix Blog: Uwe E. Reinhardt: Health-Care Payers Push Back Against Costs

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The opacity surrounding prices and the practice of charging different buyers different prices for identical goods or services contribute mightily to the cost of health care, but at the least the former may be on the way out, an economist writes.

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by rushabh

Will Obama Get a Big Lift as Job Picture Improves?

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The good jobs report is good news for Obama, but how good, really? Jon Hilsenrath on The News Hub looks at how this stage of the recovery compares to the one Reagan had going in 1984 and how far there is to go. Photo: AFP/Getty Images


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by rushabh

Factory Orders Rise, and Jobs Increase in Service Industries

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Factory orders rose 1.1 percent in December, and the Institute for Supply Management said employment in the service sector rose.

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by rushabh

US stocks cheer strong jobs data

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

NEW YORK: A strong January jobs report on Friday sent US stocks soaring, pushing the Dow to pre-crisis levels, as investors celebrated a surge in job growth that pointed to new vitality in the fragile recovery.

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Stanford had secret fund for bribes, yacht: witness (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photoHOUSTON, Feb. 3, 2012 (Reuters) -- Texas financier Allen Stanford drew on a secret Swiss bank account for personal expenses like yacht maintenance and to pay bribes, the government's top witness said at Stanford's fraud trial on Friday. ... > read full story


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by rushabh

Super Bowl: Touchdowns and Privare Jets

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Sunday is the Super Bowl of professional football, and as WSJ Wealth Report editor Robert Frank reports on Mean Street, it's the Super Bowl of private jet rentals as well. Photo: AP.


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by rushabh

Will Facebook’s IPO Billions Ruin its Future?

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

How will billions in IPO cash affect Facebook's future? SmartMoney reporter Quentin Fottrell visits Mean Street to discuss how the company's future could significantly change. Photo: AP.


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by rushabh

BUSINESS: Business Day Live | February 3, 2012

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Glenn Hutchins of Silverlake discusses January’s positive employment data and the prospects for long-term job growth. ‘Common Sense’ columnist James B. Stuart on a man with higher taxes than income.

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Global Economy: Should We Be Worried?

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

WSJ's Thorold Barker makes a stop on Mean Street to look at the world economy and the idea of whether the U.S. can be optimistic about 2012. Photo: Reuters.


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January Jobs Data: Put Away the Champagne

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

WSJ's Rolfe Winkler looks beyond the unemployment headlines and tells Mean Street host Evan Newmark things aren't as rosy as they seem. In fact, they're not rosy at all. Photo: Reuters.


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by rushabh

DealBook: Carlyle Drops Arbitration Clause From I.P.O. Plans

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The clause would have prohibited the company's shareholders from filing class-action lawsuits, forcing them into a confidential arbitration process instead.

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by rushabh

E.U. Presses Google to Delay Privacy Policy Changes

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The European Union justice commissioner supported a request by E.U. governments that Google delay changes in its privacy policy while consumer implications are investigated.

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by rushabh

Analysis: Stock-picking makes a comeback as macro tides fade (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photoNEW YORK, Feb. 3, 2012 (Reuters) -- Stock-picking once again matters on Wall Street. ... > read full story


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by rushabh

New York sues major banks

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

WASHINGTON: The state of New York sued major US banks on Friday for fraudulently foreclosing on thousands of homeowners in the state, in the wake of the nationwide housing crash.

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by rushabh

French aviation unions urge strike

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

PARIS: Unions representing French aviation workers, including pilots, flight attendants and baggage handlers, voted Friday for strike action on February 6-9 that is expected to disrupt air travel.

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by rushabh

Micron CEO Appleton dies in plane crash (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photo, Feb. 3, 2012 (Reuters) -- Chipmaker Micron Technology said chief executive Steve Appleton died in a plane crash in Boise, Idaho. ... > read full story


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by rushabh

Huffington Post to Debut Video Network Next Year

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The Huffington Post unveiled plans to stream 16 hours of live video on its site daily, Lauren Goode reports on digits. Photo: Getty Images.


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by rushabh

H-P CEO Whitman Earned $1 + $16 Milllion in 2011

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

H-P CEO Meg Whitman may have taken only a $1 salary upon taking the job, but her stock-based compensation totaled more than $16 million last year, Arik Hesseldahl reports on digits. Photo: AP.


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Mark Zuckerberg Remains the Undisputed Boss at Facebook

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Mark Zuckerberg’s success is a lesson in what works in Silicon Valley: Stay in charge, stave off potential predators and expand the company so quickly that no one can challenge the boss.

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by rushabh

Citi Hit in Latest Wave of Hack Attacks

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

A computer hacker group continued a wave of attacks against Brazilian financial websites, hampering the sites of Citigroup and other prominent institutions, Colin Barr reports on digits. Photo: AP.


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by rushabh

Facebook and Zynga: Sharing Ain’t Easy

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The symbiotic relationship between Facebook and Zynga is creating riches for both companies, but their co-dependency also raises questions for both businesses, Shayndi Raice reports on digits.


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by rushabh

The Man Behind Facebook’s Marketing

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The task of proving that marketing on Facebook is different from everywhere else on the Internet falls David Fischer, Shayndi Raice reports on digits. Photo: AP.


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by rushabh

Rivals swoop in as Hungary’s Malev stops flying (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photoBUDAPEST, Feb. 3, 2012 (Reuters) -- Hungarian flag-carrier Malev <MALV.UL> ceased operating early on Friday after its planes were held overseas for unpaid debts, leaving a gap in the market that low-cost competitors were quick to exploit. ... > read full story


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by rushabh

Warren Buffett Shows His Funnier Side in Photos

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

When it comes to investing, Warren Buffett is a serious man. But put Mr. Buffett in front of a camera with a future generation of business leaders and the Oracle of Omaha turns into quite a funny guy. Robin Sidel explains on Lunch Break.


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by rushabh

Sallie Mae to Change Forbearance Fee Policy

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

A petition on Change.org helped bring about the lender’s new rule on forbearance fees.

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by rushabh

DealBook: Private Exchanges Losing Goose That Laid Golden Egg

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Private exchanges, which oversee trading in private shares of Internet start-ups, will lose a lucrative client when Facebook holds its public offering.

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by rushabh

Komen Reverses Planned Parenthood Funding Cut

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Breast-cancer charity Susan G. Komen for the Cure on Friday reversed its decision to stop funding grants to Planned Parenthood, following four days of controversy. Louise Radnofsky has details on Lunch Break.


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by rushabh

Jobs Data Show Sustained Growth

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The labor market grew in January at its most robust pace since last spring, adding 243,000 jobs, in a sign that the economy's momentum carried into the new year. Phil Izzo has details on Lunch Break.


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by rushabh

Toyota: ‘Camry Reinvented’ Ad

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Watch Toyota's 'Camry Reinvented' ad for Super Bowl XLVI.


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by rushabh

Go Daddy’s: ‘Cloud’ Ad

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Dreams come true for two young techies when Go Daddy Girl Danica Patrick & The Pussycat Dolls entertain in Go Daddy's Internet Cloud.


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by rushabh

What Happens on Wall Street if the Giants Win

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Reggie Browne, an ETFs trader with Knight Capital, previews how traders are likely to react to a Giants win (or loss). He discusses with Paul Vigna on MarketsHub. Photo: Getty.


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by rushabh

Dealogic league table roundup, Feb 3

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Asia's equity capital markets are having the weakest start to a year since 2003, with the region's debt markets picking up the slack.


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by rushabh

Stocks Jump on Upbeat Jobs Report

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Stocks moved higher after a closely watched government payrolls report showed the economy added more jobs than expected and the unemployment rate edged lower in January. Steven Russolillo reports on Markets Hub. Photo: AP.


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by rushabh

New Treasury Rules Ease Purchase of Annuity With 401(k)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

New regulations are intended to make it easier for retirees to transfer money from their 401(k)s into an annuity that would guarantee payments until they die.

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by rushabh

The Powerful Resist Change to Greek Tax System

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The Greek government is proving powerless to transform an inefficient public administration that has served as a power base for the same political leaders now being asked to dismantle it.

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by rushabh

Detroit automakers say ‘no’ to Japan joining trade talks (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

WASHINGTON, Feb. 3, 2012 (Reuters) -- Detroit automakers are urging President Barack Obama to reject Japan's bid to join talks on a regional free trade agreement, the head of an automotive group representing GM, Ford and Chrysler said on Thursday. ... > read full story

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by rushabh

U.S. Companies Posting High Profits, Paying Little

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

U.S. companies are booking higher profits than ever. Yet corporate tax receipts as a share of profits are at their lowest level in at least 40 years. Damien Paletta reports on Markets Hub. Photo: AFP.


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by rushabh

Wegelin, a Swiss Bank, Is Indicted Over Tax Evasion

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The indictment follows charges against three Wegelin bankers accused of conspiring to help American clients hide more than $1.2 billion in assets.

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by rushabh

Jobs Data Shows Sustained Growth

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The labor market grew in January at its most robust pace since last spring, adding 243,000 jobs, in a sign that the economy's momentum carried into the new year. Kathleen Madigan reports on Markets Hub. Photo: REUTERS.


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by rushabh

S.E.C. Is Avoiding Tough Sanctions for Large Banks

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Even as the Securities and Exchange Commission has stepped up its investigations of Wall Street, the agency has repeatedly allowed the biggest firms to avoid punishments.

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by rushabh

Advertising: Some Super Bowl Ads Being Seen Long Before the Game – Advertising

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Advertisers placed many Super Bowl spots on YouTube or social media well ahead of the game, hoping to start a conversation and generate follow-up interest.

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by rushabh

Greece’s Hazardous Road to Restructuring

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Weeks before deadline, the shape of Greece's coming debt restructuring is still unknown, Stephen Fidler reports on Markets Hub. Photo: REUTERS


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by rushabh

New York sues banks over electronic mortgage system (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

NEW YORK, Feb. 3, 2012 (Reuters) -- New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices, including false documents in foreclosure proceedings. ... > read full story

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by rushabh

Central bank liquidity tap to stay open (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photoLONDON, Feb. 3, 2012 (Reuters) -- After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money. ... > read full story


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by rushabh

Army Studies Workout Supplements After 2 Deaths

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The military has removed dietary supplements containing the ingredient dimethylamylamine from stores on its bases, though the products are widely available elsewhere in the country.

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by rushabh

Goldman to face mortgage debt class-action lawsuit (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photo, Feb. 3, 2012 (Reuters) -- Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of misleading investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. ... > read full story


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by rushabh

High and Low Finance: In Rise of Gold Bugs, History Repeats Itself

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Newt Gingrich’s call for a commission to examine a return to the gold standard has a familiar ring. Ronald Reagan did the same more than 30 years ago.

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by rushabh

Bits Blog: Amazon Has Tried Everything to Make Shopping Easier. Except This.

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

Amazon wants to eliminate the distance between its customers and its products. One way to do this would be to open up its own stores.

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by rushabh

Caterpillar to close London, Ont. locomotive plant (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

, Feb. 3, 2012 (Reuters) -- Caterpillar Inc has decided to close its Electro-Motive locomotive plant in London, Ontario, and lay off at least 450 workers following several months of unsuccessful contract negotiations with the Canadian Auto Workers union. ... > read full story

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by rushabh

Ex-Partner Says Stanford Was ‘Dictatorial’ in Fraud Case

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

James Davis, former chief financial officer of the Stanford Financial Group, testified against R. Allen Stanford, the Texas financier accused of defrauding investors in a $7 billion Ponzi scheme.

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by rushabh

Economix Blog: Wow. But Is the Number Real?

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

This is a recovery led by the private sector. And while seasonal adjustments may have made January look better than it really was, job growth appears strong.

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by rushabh

January service sector growth highest in nearly a year: ISM (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

NEW YORK, Feb. 3, 2012 (Reuters) -- The pace of growth in the U.S. services sector accelerated in January to its highest level in nearly a year as new orders and employment jumped, an industry report showed on Friday. ... > read full story

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by rushabh

Factory orders up, business spending rises (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

WASHINGTON, Feb. 3, 2012 (Reuters) -- New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed. ... > read full story

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by rushabh

Labor Market Seeing Sustained Growth

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

The News Hub panel provides comprehensive coverage of the improving U.S. employment picture. The Labor Department reported 243,000 non-farm payroll jobs were added in January. AP Photo/The Roanoke Times, Stephanie Klein-Davis


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by rushabh

Eurozone private sector rebounds: PMI survey

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

BRUSSELS: Eurozone private sector activity bounced back in January after four months of contraction, a key survey showed on Friday, with notable increases in the two biggest economies, Germany and France.

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by rushabh

Walgreen sales hit by exit from Express Scripts (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

, Feb. 3, 2012 (Reuters) -- Walgreen Co <WAG.N> is being hit by its withdrawal from the Express Scripts Inc <ESRX.O> pharmacy network and by a much weaker-than-expected flu season, leading it to temper its expectations for the number of prescriptions it will fill this year. ... > read full story

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by rushabh

US jobless rate falls to 8.3% as jobs surge

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

WASHINGTON: The US unemployment rate fell to 8.3 percent in January, its lowest level in more than two years, thanks to an unexpected surge in hiring, government data showed on Friday.

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by rushabh

Investors worry where to put cash as banks wobble (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

LONDON, Feb. 3, 2012 (Reuters) -- Investors are holding more cash than at any time since the Lehman Brothers collapse to protect themselves against volatile financial markets, presenting them with a dilemma - where to hold that money when banks are looking shaky. ... > read full story

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by rushabh

Aon posts higher Q4 profit (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

, Feb. 3, 2012 (Reuters) -- Aon Corp <AON.N>, the world's largest insurance broker, posted a higher quarterly profit that narrowly beat market estimates on higher revenues from its human resources segment. ... > read full story

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by rushabh

A tale of two technocrats: paths diverge for Greece and Italy (Reuters)

February 3, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh

photoROME/ATHENS, Feb. 3, 2012 (Reuters) -- Greek Prime Minister Lucas Papademos and Italy's Mario Monti were appointed within days of each other last November to replace politicians who took their countries to the brink of financial collapse. ... > read full story


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