Feed aggregator

Siew among those laid off at Reuters

Talking Biz News - 48 min 26 sec ago
Longtime business journalist Walden Siew is among those who are being laid off from Reuters. Siew, who most recently has been an editor of the Reuters Global Markets Forum, will work at Reuters through...

Dan Lyons named new Valleywag editor

Talking Biz News - 52 min 30 sec ago
Dan Lyons, the former Forbes tech reporter best known for his fake Steve Jobs blog, has been hired to be the next editor in chief of tech news site Valleywag, reports Peter Kafka of...

Wall Street edges up after upbeat U.S. data, Intel outlook

Breaking Business News - 1 hour 9 min ago
NEW YORK (Reuters) - U.S. stocks edged higher on Thursday afternoon as data showed further strength in the U.S. economy and Intel gave an upbeat forecast.

Arizona is first U.S. state to sue GM over delayed recalls

Breaking Business News - 1 hour 18 min ago
(Reuters) - In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls.

Henrik Fisker is back with a souped up Mustang

Breaking Business News - 1 hour 19 min ago
LOS ANGELES (Reuters) - A year after the government-backed electric car company bearing his name filed for bankruptcy, Henrik Fisker is back.

Takata, auto execs face Senate over deadly air bag scandal

Breaking Business News - 1 hour 36 min ago
WASHINGTON/DETROIT (Reuters) - Executives from Japan's Takata Corp and two automakers faced tough scrutiny from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into cars.

Goldman rebuts U.S. Senate probe into commodity manipulation

Breaking Business News - 2 hours 16 min ago
WASHINGTON (Reuters) - Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages.

Burger chain Habit Restaurants' shares double in debut

Breaking Business News - 2 hours 46 min ago
(Reuters) - Shares of Habit Restaurants Inc , known for its charburgers, doubled in their first day of trading, making it the most successful debut by a fast casual restaurant chain in the United States this year.

Best Buy profit beats estimates as costs fall

Breaking Business News - 2 hours 50 min ago
(Reuters) - Best Buy Co Inc , the largest U.S. consumer electronics chain, reported a better-than-expected profit as cost cutting paid off and revenue increased after seven quarters of decline, even as it expected its current quarter earnings to remain under pressure.

CNNMoney’s Backman joins Quartz

Talking Biz News - 3 hours 5 min ago
Quartz editor in chief Kevin Delaney sent out the following staff announcement on Thursday: Melvin Backman starts today as the newest edition to the finance and markets reporting team. He joins from CNN Money...

Ebola becomes latest stock scam, U.S. SEC says

Breaking Business News - 3 hours 18 min ago
WASHINGTON (Reuters) - U.S. regulators on Thursday suspended trading in four small over-the-counter stocks of companies that they said have been touting the development of products to prevent or treat the Ebola virus, and warned investors to beware of similar scams.

GoDaddy aims to list next year, seeks $4.5 billion valuation: NY Post

Breaking Business News - 3 hours 27 min ago
(Reuters) - GoDaddy Inc is planning an initial public offering early next year that would value the world's biggest provider of web addresses at roughly $4.5 billion, the New York Post said.

Dollar Tree says expects fewer merger-related store divestitures

Breaking Business News - 4 hours 2 min ago
(Reuters) - Discount retailer Dollar Tree Inc said it was confident it would need to divest fewer stores than anticipated to win antitrust approval to buy Family Dollar Stores Inc .

U.S. underlying inflation rising; economy firming broadly

Breaking Business News - 4 hours 11 min ago
WASHINGTON (Reuters) - Underlying inflation pressures rose in October, even as falling gasoline prices kept overall U.S. consumer prices in check, bolstering expectations of a mid-2015 interest rate hike from the Federal Reserve.

SEC official: Stop spending time writing rules to protect millionaires

Breaking Business News - 4 hours 28 min ago
WASHINGTON (Reuters) - A top U.S. regulator on Thursday decried a push by some investor advocates to change the rules that define who can qualify to invest in riskier private security deals, saying it is straining resources and that "millionaires can fend for themselves."

Truckmakers face fines as EU steps up cartel investigation

Breaking Business News - 4 hours 37 min ago
BRUSSELS (Reuters) - The European Commission has stepped up a wide-ranging cartel investigation that could lead to heavy fines for some of the world's biggest truckmakers.

Bloomberg Pursuits wants to grab reader’s attention

Talking Biz News - 5 hours 32 sec ago
Andrew Weber of Capital New York interviewed Bloomberg Pursuits editor Ted Moncreiff about the magazine’s strategy. Here is an excerpt: CAPITAL: Magazines have traditionally been very strategic about the way they release new covers...

Creaking euro zone, China sound warnings for global growth

Breaking Business News - 5 hours 7 min ago
LONDON/BEIJING/NEW YORK (Reuters) - Surveys sounded warning bells for the global economy on Thursday as euro zone businesses grew less quickly than any forecaster expected, and China and U.S. factories lost momentum.

Floyd Norris taking buyout from New York Times

Talking Biz News - 5 hours 10 min ago
Floyd Norris, the chief financial correspondent of The New York Times who writes a two columns a week for the business section, is taking the newspaper’s buyout offer and leaving the paper after 26...

GM to build Opel SUV, invest 500 million euro in engine plants

Breaking Business News - 5 hours 15 min ago
FRANKFURT (Reuters) - General Motors will build a sports utility vehicle (SUV) at the Opel factory in Ruesselsheim, Germany, and invest 500 million euros ($626 million) in engine production in Europe, Chief Executive Mary Barra said on Thursday.