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Rajaratnam's brother loses bid to dismiss insider trading charges

Breaking Business News - 26 min 12 sec ago
(This story from April 18 corrects the number of counts the judge called "inconsistent" from four to two in 3rd, 16th and 17th paragraphs)

VW has agreed budget car concept, design: manager

Breaking Business News - 27 min 13 sec ago
BEIJING (Reuters) - Volkswagen has agreed the basic concept and design of a budget car for emerging markets, a VW manager told Reuters, nearing the project's completion after a long struggle to meet cost targets for the vehicle.

Comcast in talks with Charter over divestitures: source

Breaking Business News - 46 min 12 sec ago
(Reuters) - Comcast Corp is in talks with Charter Communications over selling or spinning off roughly 3 million subscribers worth approximately $18 billion to $20 billion as part of the divestitures related to its $45.3 billion takeover of Time Warner Cable , according to a source familiar with the matter.

Fiat Chrysler strikes deal to produce Jeeps in China

Breaking Business News - 3 hours 27 min ago
MILAN (Reuters) - Fiat Chrysler has reached an agreement to start producing Jeep vehicles in China with partner Guangzhou Automobile Group Co , the companies said on Saturday, as Fiat tries to catch up with competitors in a fast-growing market.

Making business news and information light and approachable

Talking Biz News - Fri, 04/18/2014 - 21:19
San Francisco Chronicle designer Christopher T. Fong chatted with Matt Petty, creative director of the San Francisco Business Times, which launches their redesign today. Petty joined the weekly business publication in December 2013 after spending 13 years with the San Francisco Chronicle as art director and, most recently, head of design for an S.F. marketing/advertising firm,

Telling the story behind the headlines

Talking Biz News - Fri, 04/18/2014 - 21:13
Mary Huss, the publisher of the San Francisco Business Times, writes about the redesign of the paper. Huss writes, “This is much more than a redesign. It is a re-imagination of our news products and our organization, how we report and deliver the news, and how we connect with you, our reader. “Because news doesn’t

AMR loses bid to terminate retiree benefits

Breaking Business News - Fri, 04/18/2014 - 20:23
NEW YORK (Reuters) - A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees.

Rajaratnam's brother loses bid to dismiss insider trading charges

Breaking Business News - Fri, 04/18/2014 - 17:10
NEW YORK (Reuters) - Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year.

Bartiromo speaks to Forbes about leaving CNBC

Talking Biz News - Fri, 04/18/2014 - 16:27
Fox Business Network anchor Maria Bartiromo reveals why she left CNBC, how she deals with critics in the social media age and how she defines success in an interview with Moira Forbes of Forbes Women posted Friday. “I had been at CNBC for 20 years, and I loved every minute of it,” said Bartiromo. “But

Deadline Club names business reporting finalists

Talking Biz News - Fri, 04/18/2014 - 16:03
The Deadline Club, the largest chapter of the Society of Professional Journalists, announced the finalists in the 2014 Annual Awards Contest, representing excellence in journalism from newspapers, magazines, radio, television and the internet. There were more than 90 judges and a record 547 entries. Here are the finalists in the business journalism categories: Business Feature

Exclusive: Biogen prices hemophilia drug on par with older therapies

Breaking Business News - Fri, 04/18/2014 - 15:05
(Reuters) - Biogen Idec Inc is pricing its newly approved long-acting hemophilia drug, Alprolix, to cost U.S. patients, and insurers, about the same per year as older, less convenient therapies whose price can reach about $300,000 annually.

Crain’s Cleveland names McIntyre its new editor

Talking Biz News - Fri, 04/18/2014 - 14:21
Elizabeth McIntyre is the new editor of Crain’s Cleveland Business. Jay Miller of Crain’s Cleveland writes, “She replaces Mark Dodosh, who joined Crain’s as managing editor in June 1985 and was named editor in October 1988. “‘Anyone who has worked alongside Elizabeth knows she is a fountain of ideas, a brilliant editor and a leader

Brazilian tycoon Batista investigated for financial crimes: reports

Breaking Business News - Fri, 04/18/2014 - 14:20
RIO DE JANEIRO (Reuters) - Brazil´s federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.

Inside Tucson Business is sold to newspaper chain

Talking Biz News - Fri, 04/18/2014 - 13:47
Wick Communications Thursday announced a deal in principle to sell Tucson Weekly and Inside Tucson Business to 1013 Communications, a Colorado-based newspaper chain, for an undisclosed amount. A story on the Inside Tucson Business website states, “Wick CEO Tom Yunt made the announcement to employees at a company-wide staff meeting, saying the deal is expected

Amazon's tax-free European profits drop after IRS clamp-down

Breaking Business News - Fri, 04/18/2014 - 13:06
LONDON (Reuters) - The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as European sales jumped, after the U.S. tax authority tightened rules it felt were being abused to shift profits.

Auto airbag maker Continental named in GM recall suit

Breaking Business News - Fri, 04/18/2014 - 12:51
(Reuters) - Plaintiffs' lawyers are seeking to draw Continental Automotive Systems U.S., the maker of airbag systems in recalled General Motors Co vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths.

Talking Biz News Today — April 18, 2014

Talking Biz News - Fri, 04/18/2014 - 11:52
Friday’s top business news stories: The New York Times Cost of treatment may influence doctors, by Andrew Pollack Walmart will enter cash wiring business, by Elizabeth A. Harris The Wall Street Journal What’s Barnes and Noble’s survival plan? by Jeffrey A. Trachtenberg The Associated Press Venture investments highest since 2001, by Barbara Ortutay China says

Lululemon yoga pants lawsuits in U.S. win final dismissals

Breaking Business News - Fri, 04/18/2014 - 11:41
NEW YORK (Reuters) - A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc and various company officials of defrauding shareholders by concealing defects in yoga pants.

Monte Paschi approves plan to increase cash call to 5 billion euros

Breaking Business News - Fri, 04/18/2014 - 10:19
MILAN (Reuters) - The board of Italian bank Monte dei Paschi di Siena on Friday approved a proposal to boost the size of a share sale it is planning to 5 billion euros ($6.9 billion) to help cover any gaps a Europe-wide bank check might find in its finances.

Virtu IPO pulled

Talking Biz News - Fri, 04/18/2014 - 10:11
The fall-out from Michael Lewis’s new book on high speed trading was too much for Virtu Financial Inc. The company postponed its initial public offering Thursday. The move came as other recent IPOs have gotten off to rocky starts. Bloomberg had this story by Leslie Picker and Sam Mamudi: Virtu Financial Inc., the high-frequency trader