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Carl Icahn raises stake in car rental company Hertz

Breaking Business News - 1 hour 21 min ago
(Reuters) - Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.

HP fourth-quarter revenue drops on weak enterprise demand

Breaking Business News - 1 hour 39 min ago
(Reuters) - Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.

U.S. Fed plans enhanced capital standards for GE unit

Breaking Business News - 2 hours 36 min ago
WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system.

Wall Street ends little changed after mixed data batch

Breaking Business News - 3 hours 15 min ago
NEW YORK (Reuters) - U.S. stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range.

Chesapeake Energy loses in $1.3 billion bond dispute appeal

Breaking Business News - 5 hours 32 min ago
NEW YORK (Reuters) - A divided federal appeals court said Chesapeake Energy Corp had no right to redeem $1.3 billion of notes early at a favorable price, saying the second-largest U.S. natural gas company waited too long to tell investors of its plans.

Falcone steps down as CEO from Harbinger

Breaking Business News - 5 hours 47 min ago
BOSTON (Reuters) - Philip Falcone, once one of the world's most closely watched investors, is stepping down as chairman and chief executive of Harbinger Group Inc. next month to focus on his hedge fund and another publicly traded company.

Details emerge on Orman’s new show

Talking Biz News - 5 hours 48 min ago
Cynthia Littleton of Variety has the details on personal finance guru Suze Orman‘s new show “Suze Orman’s Money Wars,” with Warner Bros.’ Telepictures Prods. that is designed to air weekdays. Littleton writes, “It’s not...

A PR person’s perspective of the Financial Follies

Talking Biz News - 6 hours 15 min ago
This past Friday marked my second Financial Follies. The black tie affair took place at the Marriott Marquis in Times Square, hosted by the New York Financial Writers’ Association. According to financial media lore,...

Delta's breakaway pilots' union struggles in attempt to replace existing union

Breaking Business News - 6 hours 15 min ago
(Reuters) - A group of Delta Air Lines pilots seeking to replace the current pilots' union at the U.S. carrier are struggling to win enough support.

Wal-Mart U.S. chief merchandiser departs just before Black Friday

Breaking Business News - 6 hours 25 min ago
(Reuters) - Wal-Mart Stores Inc said its U.S. chief merchandising officer was leaving the company in a management shuffle just as the crucial holiday shopping season kicks into gear.

Deadline approaching for McGraw Fellowship in Business Journalism

Talking Biz News - 6 hours 28 min ago
The deadline is approaching for fall applications for The McGraw Fellowship for Business Journalism, a new initiative of the CUNY Graduate School of Journalism designed to support ambitious coverage of critical issues related to U.S. business and the economy. The Fellowships...

Reuters names West Coast top news editor

Talking Biz News - 6 hours 31 min ago
Martin Howell, top news editor and deputy editor of Americas for Reuters, sent out the following announcement on Tuesday: I am very pleased to announce that Sue Horton, who has been Op Ed and...

U.S. economy resilient in Q3 as global growth cools

Breaking Business News - 6 hours 45 min ago
WASHINGTON (Reuters) - The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand.

Suze Orman leaving CNBC for new show

Talking Biz News - 8 hours 9 min ago
CNBC president Mark Hoffman sent out the following announcement on Tuesday: Suze Orman is one of the leading voices in personal finance.  For 14 years and 621 episodes to date, Suze has been a...

Oil futures fall as Venezuela says no output cut from Tues meeting

Breaking Business News - 8 hours 56 min ago
(Reuters) - Crude oil futures extended their losses on Tuesday after Venezuela said officials at a meeting with Saudi Arabia's oil minister did not agree on any output cut.

U.S. regulators close probes into about 600,000 Ford, GM vehicles

Breaking Business News - 9 hours 15 min ago
DETROIT (Reuters) - U.S. safety regulators have closed investigations into about 500,000 Ford Motor Co and about 100,000 General Motors Co vehicles without calling for recalls, the National Highway Traffic Safety Administration said on Tuesday.

Wal-Mart chief merchandiser departs just before Black Friday: memo

Breaking Business News - 9 hours 18 min ago
(Reuters) - Wal-Mart Stores Inc Chief Merchandising Officer Duncan Mac Naughton has decided to leave the retailer to pursue new opportunities, according to a company memo provided to media.

WSJ to post on Flipboard

Talking Biz News - 9 hours 39 min ago
Dow Jones & Co. announced Tuesday that The Wall Street Journal and Factiva will be available on Flipboard. Flipboard readers can access content from the Journal starting Tuesday, while Factiva alerts will be available...

U.S. consumer confidence falls in November to lowest since June

Breaking Business News - 9 hours 46 min ago
(Reuters) - U.S. consumer confidence fell in November to its lowest level since June as optimism waned in the short-term outlook for business conditions and jobs, according to a private sector report released on Tuesday.

Insight: Covering Black Friday — The new Olympics

Talking Biz News - 10 hours 16 min ago
We previously described earnings season as a business journalist’s version of Christmas. Well if it’s Christmas, then Black Friday is a business journalist’s Olympics. Black Friday and the days that follow force retail reporters to...