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Wall St flat as Ukraine offsets Apple rally

Breaking Business News - 22 min 7 sec ago
NEW YORK (Reuters) - U.S. stocks were flat in volatile trading on Thursday, with indexes cutting early gains on a resurgence of concerns related to Ukraine, though Apple jumped following its results.

Talking Biz News Today — April 24, 2014

Talking Biz News - 33 min 1 sec ago
Some of Thursday’s top stories: The New York Times F.D.A. will propose new regulations for e-cigarettes, by Sabrina Tavernise Facebook profit tripled in first quarter, by Vindu Goel The Wall Street Journal GM profit falls 82%, hurt by recalls, but results not as bad as feared, by Jeff Bennett FCC to propose new ‘net neutrality’

Nasdaq not yet subpoenaed in N.Y. high frequency trading probe: CEO

Breaking Business News - 34 min 15 sec ago
NEW YORK (Reuters) - Nasdaq OMX Group Inc has not to date received a subpoena from the New York attorney general as part of its industrywide probe into allegedly unfair technological advantages on Wall Street, Nasdaq Chief Executive Officer Robert Greifeld said on Thursday.

GM posts lower profit after recall; core outlook on target

Breaking Business News - 49 min 21 sec ago
DETROIT (Reuters) - General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pickup trucks in North America and improvement overseas.

Forbes strikes deal for Philippines edition

Talking Biz News - 1 hour 8 min ago
Forbes Media LLC and Summit Media announced a partnership to launch Forbes Philippines, a monthly magazine published in English. The first issue of Forbes Philippines will be published in early 2015. Forbes Philippines will have access to Forbes stories from around the world and will feature local content from the Forbes Philippines editorial team. The

Lavelle, former Businessweek B-school editor, lands new job

Talking Biz News - 1 hour 16 min ago
Louis Lavelle, business schools editor for Bloomberg Businessweek from 2005 until he was fired late last year, has found a new job. Lavelle started this week as editor of TopMBA.com and QS Rankings at QS Quacquarelli Symonds. His responsibilities include managing the QS Rankings of the top 200 MBA programs in the world and overseeing

Strong durable goods orders buoy U.S. growth outlook

Breaking Business News - 1 hour 21 min ago
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter.

ISS recommends votes for 2 Loeb nominees to Sotheby's board

Breaking Business News - 1 hour 28 min ago
BOSTON (Reuters) - A prominent investor shareholder advisory firm recommended that Sotheby's investors should vote for two of the three board candidates suggested by activist investor Daniel Loeb.

Apple's China success sets stage for iPhone 6, new products

Breaking Business News - 1 hour 28 min ago
(Reuters) - Strong sales of iPhones in China and emerging markets sets the stage for Apple Inc to reap even higher profits after it launches the next iPhone and other new products, analysts said.

Sale of Forbes is in doubt

Talking Biz News - 1 hour 37 min ago
Forbes Media LLC’s effort to find a buyer is running into trouble, with one potential bidder officially out of the running and two others no longer in active talks, reports Alex Sherman, Stefania Bianchi and Cornelius Rahn of Bloomberg News. Sherman, Bianchi and Rahn write, “Germany’s Axel Springer SE, which publishes the Russian edition of

Caterpillar posts higher first-quarter profit, raises outlook

Breaking Business News - 1 hour 42 min ago
(Reuters) - Caterpillar Inc on Thursday posted a quarterly profit that topped analysts' estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry.

Verizon EPS fall short of Wall Street estimates

Breaking Business News - 2 hours 7 min ago
NEW YORK (Reuters) - Verizon Communications Inc profit fell short of Wall Street expectations on Tuesday, even as the company's revenue rose 4.8 percent, its highest growth rate in five quarters.

U.S. durable goods orders rise broadly, boost growth outlook

Breaking Business News - 2 hours 16 min ago
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter.

American Airlines posts first quarter profit

Breaking Business News - 2 hours 27 min ago
(Reuters) - American Airlines Group , the world's largest carrier formed in a late 2013 merger, on Thursday reported a profit of $480 million, or 65 cents a diluted share, for the first quarter.

Alstom shares jump on report of GE bid

Breaking Business News - 2 hours 41 min ago
PARIS (Reuters) - Shares in Alstom jumped more than 14 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.

UPS's quarterly profit hurt by severe winter

Breaking Business News - 2 hours 49 min ago
(Reuters) - United Parcel Service Inc , the world's biggest courier company, reported a 12 percent fall in quarterly profit due to higher costs related to a severe winter in the United States.

JetBlue posts lower quarterly profit as expenses rise

Breaking Business News - 2 hours 56 min ago
(Reuters) - JetBlue Airways reported a lower quarterly profit on Thursday as increases in salaries boosted operating expenses.

FCC considers new net neutrality rules

Talking Biz News - 2 hours 58 min ago
The battle for streaming content seems to be heating up. Amazon is planning a partnership with HBO; Yahoo is looking for TV shows, and Aereo is pulling network TV out of the air and offering it online. Now, the Federal Communications Commission is considering new rules on how the Internet is accessed. The Wall Street

Time Warner Cable profit beats as demand for data services rises

Breaking Business News - 3 hours 2 min ago
(Reuters) - Time Warner Cable Inc , the second-largest U.S. cable operator, reported first-quarter profit above analysts' estimates as it added more residential subscribers than expected for its high-speed data services.

Frankie Flack: Don’t ignore PR people; tell them to get lost

Talking Biz News - 3 hours 5 min ago
When I talk to business journalists about flacks, they all have the same complaint: too much contact. Too much email. Too many phone calls. Especially from junior folks who haven’t learned the rules of the road. I’m going to tell you all how to mitigate that problem. Listen up, hacks. If you heed my advice,