Google Alerts - Business News

Saks Jumps After Chain's Quarterly Sales Exceed Estimates

2013-05-22T10:34:27Z

Saks Inc. (SKS) surged today after posting revenue that exceeded analysts' estimates and later on a report that the luxury retail chain hired Goldman Sachs Group Inc. to help it explore alternatives including a possible sale. Saks jumped as much as 21 ...
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BofA, JPMorgan say they have fulfilled mortgage settlement terms

2013-05-22T10:34:27Z

Bank of America Corp. and JPMorgan Chase & Co. say they have satisfied their obligations to help troubled borrowers under last year's landmark mortgage settlement with state and federal officials. Another bank that signed the settlement, Wells Fargo & Co.
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Los Angeles Times

Japan Watchdog: Nuke Plant Sits Atop Active Fault

2013-05-22T10:34:27Z

Japan's nuclear watchdog has endorsed a panel's conclusion that a seismic fault running underneath an atomic plant in western Japan is active, making the plant's restart virtually impossible. The Nuclear Regulation Authority said Wednesday that it agrees ...
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Why Airbnb Should Book a Room in Albany

2013-05-22T10:34:27Z

A man who made a few hundred bucks renting his East Village apartment on Airbnb will end up paying thousands in fines. The $2,400 fine is annoying but not life-altering, said the man, Nigel Warren, when asked by CNET. The stakes are far higher for Airbnb ...
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How Apple scores its lower tax bill

2013-05-22T10:34:27Z

Apple is one of America's most profitable companies. And it pays a substantial income tax bill to the U.S. government -- by its own account, $6 billion in 2012 and an estimated $7 billion this year. But many tax experts and lawmakers say Apple's tax bill should ...
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Vote Strengthens Dimon's Grip

2013-05-22T10:34:27Z

TAMPA, Fla.— James Dimon tightened his grip on the nation's largest bank on Tuesday as shareholders of J.P. Morgan Chase & Co. overwhelmingly endorsed his dual role as chairman and chief executive.
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Why BOJ Was Right Not to Talk Up Bonds

2013-05-22T10:34:27Z

The Bank of Japan (BOJ) ended a two-day meeting on Wednesday with a decision to leave monetary policy unchanged and a promise to monitor volatile bond markets in the wake of its radical monetary policy unveiled last month. Speaking at the central ...
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CNBC.com

Dollar, German bond yields ease before Bernanke

2013-05-22T10:34:27Z

By Richard Hubbard. LONDON | Wed May 22, 2013 5:31am EDT. LONDON (Reuters) - The dollar and benchmark German debt yields eased on Wednesday as expectations hardened that the head of the U.S. central bank will later in the day signal no ...
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Sony Board Considers Breakup

2013-05-22T10:34:27Z

TOKYO — Sony said on Wednesday that its board was considering a proposal from a U.S.-based hedge fund to spin off part of its entertainment business, but stressed that those discussions were preliminary and that the company had set no timetable for a ...
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New York Times

DeWine explains mortgage settlement

2013-05-22T06:00:51Z

If you are a homeowner and have continued to encounter difficulty with loan modifications or difficulty working with mortgage servicers concerning relief opportunities provided in the National Mortgage Settlement, Ohio Attorney General Mike DeWine says you ...
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NASA is funding a 3D food printer, and it'll start with pizza

2013-05-22T06:00:51Z

NASA is funding research into 3D-printed food. As Quartz reveals, Mechanical engineer Anjan Contractor received a $125,000 grant from the agency to build a prototype 3D printer with the aim of automating food creation. It's hoped the system could provide ...
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Google Joins Apple Avoiding Taxes With Stateless Income

2013-05-22T06:00:51Z

U.S. Senate scrutiny of Apple Inc. (AAPL)'s tax strategies turned the spotlight on a unit with $30 billion in profit since 2009 that's incorporated in Ireland, controlled by a board in California, and doesn't pay taxes in either place. Apple officials acknowledged ...
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Dimon Wins as JPM Shareholders Reject CEO-Chairman Split

2013-05-22T06:00:51Z

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon won more investor support this year than in 2012 to remain chairman, weathering a push to divide the roles after the largest U.S. bank suffered a record trading loss. The proposal to split the ...
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Europe Factors to Watch-Shares seen slipping before Bernanke testimony

2013-05-22T06:00:51Z

Wed May 22, 2013 1:22am EDT. PARIS, May 22 (Reuters) - European stocks are expected to inch lower on Wednesday, with the market's month-long rally taking a breather before U.S. Federal Reserve Chairman Ben Bernanke's testimony before Congress.
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Obama's Fannie Mae Pick Watt Faces Fight Imperiling Housing Deal

2013-05-22T06:00:51Z

As a North Carolina congressman, Mel Watt has tried to arm struggling homeowners with a legal “sledgehammer” against lenders and expand the ranks of people eligible to cut their mortgage principal. Those positions help explain why President Barack ...
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4 falcon chicks living on NY-NJ bridge are banded

2013-05-22T06:00:51Z

NEW YORK — Four peregrine falcon chicks roosting high above the Hudson River on the George Washington Bridge were pronounced healthy Tuesday and fitted with tracking bands to help biologists keep tabs on them. Their mother's squawks competed ...
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Sony shares boom on spin off speculation

2013-05-22T06:00:51Z

Shares of Sony spiked to their highest level in two years Wednesday on reports that the company is considering a spin off of its movie and music division. Hedge fund titan Dan Loeb first floated the idea last week, simultaneously announcing that he has ...
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Asian stocks cheered by Fed reassurance; BOJ stands pat

2013-05-22T06:00:51Z

By Masayuki Kitano and Vidya Ranganathan. SINGAPORE | Wed May 22, 2013 1:19am EDT. SINGAPORE (Reuters) - Asian stocks rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a fresh 5-1/2 year high and ...
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Ireland rejects blame for Apple's low tax rate - Business News | TVNZ

2013-05-22T05:36:15Z

Ireland says that it is not to blame for Apple's low global tax payments and had no special rate deal with the company after the US Senate said it pai...
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Market Buzz: Little news, little change — RT Business

2013-05-22T05:36:15Z

Russian floors opened mixed on Tuesday on a relatively neutral international outlook.
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