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Coverage: Let the holiday wars begin

Talking Biz News - 39 min 37 sec ago
The holiday wars are on, and it looks like Wal-Mart is fighting online rivals. The company is experimenting with matching prices, a move that could cut profit during a critical earning season. The Wall...

Talking Biz News Today — Oct. 31, 2014

Talking Biz News - 42 min 20 sec ago
Some of Friday’s top business news stories: The New York Times Japan’s central bank unexpectedly moves to stimulate economy, by Jonathan Soble R.B.S. profit weighed down by $1.25 billion for legal costs, by Chad...

Futures rally after BOJ ramps up stimulus

Breaking Business News - 53 min 24 sec ago
NEW YORK (Reuters) - U.S. stock index futures rallied on Friday alongside most markets globally after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives.






Argentina default spreads to Par bonds, raising acceleration risk

Breaking Business News - 55 min ago
BUENOS AIRES/NEW YORK (Reuters) - Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt.

Euro zone inflation edges up to dim chance of new ECB action

Breaking Business News - 57 min 6 sec ago
BRUSSELS (Reuters) - Inflation in the 18 countries sharing the euro edged up slightly in October, reinforcing the view that the European Central Bank will hold fire on any additional policy action at its meeting next week.






Exxon quarterly profit rises 3 percent on refining

Breaking Business News - 59 min 55 sec ago
(Reuters) - Exxon Mobil Corp , the world's largest publicly traded oil company, on Friday reported a 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses.

Trial of former UBS executive dredges up Swiss banks' shady past

Breaking Business News - 1 hour 7 min ago
By Francisco Alvarado, Zachary Fagenson and Joshua Franklin

Italy says private capital will meet Monte Paschi, Carige needs

Breaking Business News - 1 hour 50 min ago
ROME (Reuters) - Banca Monte dei Paschi di Siena and Carige will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday.






Futures rally after BOJ ramps up stimulus

Breaking Business News - 1 hour 54 min ago
NEW YORK (Reuters) - U.S. stock index futures rallied on Friday after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives.

Continental AG CEO says Audi recall no threat to guidance

Breaking Business News - 2 hours 34 min ago
MUNICH (Reuters) - Continental said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.

Japan's central bank shocks markets with more easing as inflation slows

Breaking Business News - 2 hours 50 min ago
TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.






RBS takes $640 million forex charge and warns of more to come

Breaking Business News - 2 hours 53 min ago
LONDON (Reuters) - State-backed Royal Bank of Scotland has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.

BNP shakes off impact of U.S. fine, returns to profit

Breaking Business News - 2 hours 58 min ago
PARIS (Reuters) - France's No. 1 bank BNP Paribas returned to net profit in the third quarter, recovering from a costly U.S. legal settlement to publish what it called a "rock solid" balance sheet, sending its shares up over 4 percent.






Wal-Mart to expand discounts as retail price war heats up

Breaking Business News - 3 hours 9 min ago
(Reuters) - Wal-Mart Stores Inc said it will expand its offering of discounted products during the holiday season and may broaden a price-matching scheme to include online rivals, in the latest sign of an escalating price war among big U.S. retailers.

Global shares jump, yen slumps as BOJ cranks up stimulus

Breaking Business News - 3 hours 21 min ago
LONDON (Reuters) - World shares jumped and the yen fell to a seven-year low against the dollar on Friday as the Bank of Japan surprised financial markets by significantly expanding its massive stimulus program.

Starbucks Americas sales disappoint on softer traffic

Breaking Business News - 5 hours 36 min ago
(Reuters) - Starbucks Corp's early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company's shares down almost 5 percent.

Samsung Electronics seeks China comeback with first metallic smartphones

Breaking Business News - 5 hours 38 min ago
SEOUL (Reuters) - Samsung Electronics Co Ltd unveiled two mid-tier handsets with a premium design as it prepared to deliver a riposte to its low-priced Chinese rivals and reclaim its title as the top brand in the world's biggest smartphone market.






Sony reports narrower second-quarter loss than estimated on strong PlayStation 4 sales

Breaking Business News - 6 hours 4 min ago
TOKYO (Reuters) - Japan's Sony Corp reported a second-quarter operating loss on Friday that was narrower than analysts had estimated, as blockbuster sales of its PlayStation 4 games console reduced the impact of a sluggish smartphone division.

Fed's Williams: inflation targets work, but room for improvement

Breaking Business News - 6 hours 16 min ago
(Reuters) - A top Federal Reserve policymaker on Friday said global central banks have had good success with inflation-targeting, but should consider other methods that may work better in the face of low interest rates and the risk of asset bubbles.






Orlando Business Journal publisher resigns

Talking Biz News - Thu, 10/30/2014 - 21:08
Martin Lewis has stepped down as publisher of Orlando Business Journal effective Thursday in order to pursue other opportunities. A story on the paper’s website states, “Lewis was named publisher of OBJ in December...