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Updated: 4 months 1 week ago

Asian Shares Fall Before US Jobs Report

Wed, 12/04/2013 - 8:43pm
Markets edged down, with Australia and Singapore leading the region lower. Qantas plunged over 10% in Sydney after announcing steep first-half losses and job cuts. The S&P/ASX 200 fell 0.6%.
Categories: Financial News

Qantas to Cut 1,000 Jobs, May Sell Assets

Wed, 12/04/2013 - 8:41pm
Qantas Airways forecast a steep first-half loss, potential asset sales and deep spending cuts that will include the axing of another 1,000 jobs.
Categories: Financial News

Samsung Aims to Woo Business Clients

Wed, 12/04/2013 - 7:58pm
Samsung is looking to sell more smartphones to corporate and government clients, but to do so, the technology giant has to address problems with its mobile security platform.
Categories: Financial News

Intuitive Surgical Warns of Problem With Robot Tool

Wed, 12/04/2013 - 7:51pm
Intuitive Surgical warned customers last month that instruments used in its surgical robots can momentarily stall during procedures.
Categories: Financial News

Carl Icahn Softens Stance on Apple's Cash

Wed, 12/04/2013 - 7:06pm
The activist billionaire is softening his approach to getting at Apple's bulging cash pile, now seeking a shareholder vote for a more-modest share buyback than what he proposed earlier this year.
Categories: Financial News

AT&T, T-Mobile Weigh Bids for Wireless Spectrum

Wed, 12/04/2013 - 6:26pm
AT&T and T-Mobile US are considering bids for a block of spectrum licenses held by Verizon Wireless, people familiar with the matter said.
Categories: Financial News

Pump Up in Demand Fuels Gasoline

Wed, 12/04/2013 - 5:43pm
Gasoline prices are rising as the holiday season kicks off, as stronger demand in the U.S. and elsewhere takes a bite out of fuel supplies.
Categories: Financial News

EU Hands Out Record Fine in Rate Probe

Wed, 12/04/2013 - 5:27pm
Six financial institutions were fined $2.32 billion by European Union regulators for colluding in an attempt to manipulate key benchmark interest rates, the EU's largest-ever penalty in a cartel case.
Categories: Financial News

Moody's Raises Spain's Rating Outlook

Wed, 12/04/2013 - 5:22pm
The ratings firm cited "evidence of a sustained rebalancing" in the country's economy that supports its view that public finances are slowly improving.
Categories: Financial News

Rockwell's 'Saying Grace' Fetches $46 Million

Wed, 12/04/2013 - 5:12pm
Norman Rockwell's "Saying Grace," a painting that adorned the cover of the Saturday Evening Post in 1951, sold for $46 million at Sotheby's in New York, setting a record for the American Art category.
Categories: Financial News

Barrick Gold Upends Board

Wed, 12/04/2013 - 4:14pm
Barrick, the world's largest gold miner, announced a raft of boardroom changes and the exit date of founder and chairman Peter Munk, as it looks to ease investors' concerns over corporate governance at the gold-mining giant.
Categories: Financial News

SAC Analyst Describes How Fund Sought Information

Wed, 12/04/2013 - 3:03pm
SAC Capital placed such importance on information gathered from company executives when deciding which stocks to buy or sell that it offered training sessions led by "intelligence professionals" on how to use meetings to extract clues, jurors were told.
Categories: Financial News

Three Wall Street Trade Associations Sue U.S. Regulator

Wed, 12/04/2013 - 2:43pm
Three Wall Street trade groups are suing the Commodity Futures Trading Commission alleging procedural violations at the agency.
Categories: Financial News

Madoff Ex-Exec Details Alleged Forgeries

Wed, 12/04/2013 - 2:43pm
Witness gives account in court of inner-workings of the giant Ponzi scheme, including techniques for forging documents.
Categories: Financial News

Lehman Brothers Estate Shopping 20% Stake in D.E. Shaw

Wed, 12/04/2013 - 2:03pm
Lehman Brothers' estate is shopping its 20% stake in New York hedge-fund D.E. Shaw Group, sources say, with bids expected in December.
Categories: Financial News

Dish to Bid in Spectrum Auction

Wed, 12/04/2013 - 2:02pm
Dish will bid for spectrum in an auction scheduled for next month and won't face competition from the nation's top cellphone carriers, according to an FCC list.
Categories: Financial News

Turquoise Hill Founder to Participate in Rights Issue

Wed, 12/04/2013 - 1:41pm
Robert Friedland will participate in the $2.4 billion rights issue of Turquoise Hill, the mining company that discovered the Mongolian Oyu Tolgoi copper and gold deposit.
Categories: Financial News

Economy Growing at 'Modest to Moderate' Pace

Wed, 12/04/2013 - 1:40pm
The U.S. economy expanded at a "modest to moderate" pace in recent months, with strength coming from the manufacturing sector and consumer spending, according to the Federal Reserve's survey of regional economic conditions.
Categories: Financial News

Gazprom to Address EU Competition Concerns

Wed, 12/04/2013 - 12:21pm
Russian energy company OAO Gazprom will present draft proposals responding to European Union competition concerns.
Categories: Financial News

Super Bowl Ads Are Sold Out

Wed, 12/04/2013 - 11:37am
Commercial time for next year's Super Bowl XLVIII is sold out, according to Fox network. Marketers are paying up to $4 million for 30 seconds during the game.
Categories: Financial News

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