Items by By BLOOMBERG NEWS
NYT > Health
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Accretive Denies Claims It Pressured Patients to Pay
Posted: April 30th, 2012, 2:50pm EDT by By BLOOMBERG NEWS
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Accretive Health said allegations by the Minnesota attorney general’s office “grossly distort and mischaracterize” the company’s revenue cycle services.
NYT > Business
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Fed Chief Call for Bolstering Money Market
Posted: April 9th, 2012, 10:52pm EDT by By BLOOMBERG NEWS
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The growth of “shadow banking” creates more potential channels for shocks through the financial system and the economy, Ben S. Bernanke said.
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Shares Fall on Concerns of a Slowdown in China
Posted: March 20th, 2012, 10:45pm EDT by By BLOOMBERG NEWS
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Stock market indexes faltered after reports out of China raised concerns about its growth and amid worries over the high price of oil.
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Oracle Exceeds Estimates for Third Quarter
Posted: March 20th, 2012, 10:42pm EDT by By BLOOMBERG NEWS
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Oracle’s profit excluding certain one-time costs rose to 62 cents a share, topping 56 cents, the average estimate of analysts.
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Fuel Expense Is Forecast to Erase 62% of Profit for Airlines
Posted: March 20th, 2012, 9:28am EDT by By BLOOMBERG NEWS
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Carriers' net income is forecast to fall to $3 billion in 2012 from $7.9 billion last year, with the profit margin coming in at 0.5 percent of sales, the International Air Transport Association said.
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Home Prices Fall in Chinese Cities, Report Says
Posted: March 18th, 2012, 11:00pm EDT by By BLOOMBERG NEWS
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In February, home prices were lower in 27 of 70 Chinese cities surveyed compared with a year earlier, the country’s statistics bureau said.
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Jury Told to Keep Talking in Stanford Fraud Trial
Posted: March 6th, 2012, 8:50am EST by By BLOOMBERG NEWS
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The jurors in the trial of R. Allen Stanford have been unable to reach a unanimous verdict on 14 counts of financial fraud after four days.
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Jury Told to Keep Talking in Stanford Fraud Trial
Posted: March 6th, 2012, 8:50am EST by By BLOOMBERG NEWS
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The jurors in the trial of R. Allen Stanford have been unable to reach a unanimous verdict on 14 counts of financial fraud after four days.
NYT > Home Page
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New Jobless Claims Remain at Four-Year Low
Posted: February 23rd, 2012, 5:05pm EST by By BLOOMBERG NEWS
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The Labor Department said the number of people applying for benefits for the week ending Feb. 18 stayed at 351,000, an indication of an improving job market.
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New Jobless Claims Remain at Four-Year Low
Posted: February 23rd, 2012, 5:05pm EST by By BLOOMBERG NEWS
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The Labor Department said the number of people applying for benefits for the week ending Feb. 18 stayed at 351,000, an indication of an improving job market.
NYT > Business
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MetLife’s Profit Increases to $1.16 Billion
Posted: February 14th, 2012, 10:21pm EST by By BLOOMBERG NEWS
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The company said that fourth-quarter profit surged on earnings from derivatives.
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Business Briefing | Finance: Failed Takeover Hurts Results at NYSE Euronext
Posted: February 11th, 2012, 2:23am EST by By BLOOMBERG NEWS
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NYSE Euronext, which was prevented by European regulators last week from merging with Deutsche Börse, reported 19 percent decline in fourth-quarter profit.
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Diamond Foods to Restate Earnings and Replace Executives
Posted: February 9th, 2012, 1:20am EST by By BLOOMBERG NEWS
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Diamond said it would replace its chief executive and chief financial officer after its board found the company booked payments to walnut growers in the wrong periods.
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Wegelin, a Swiss Bank, Is Indicted Over Tax Evasion
Posted: February 3rd, 2012, 1:40am EST by By BLOOMBERG NEWS
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The indictment follows charges against three Wegelin bankers accused of conspiring to help American clients hide more than $1.2 billion in assets.
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Business Briefing | Regulatory News: U.S. Investigates Trade Complaint on Washers
Posted: January 21st, 2012, 1:17am EST by By BLOOMBERG NEWS
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The Commerce Department agreed to investigate a trade complaint by Whirlpool that said residential washing machines made in South Korea and Mexico were being sold below cost in America.
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Business Briefing | Legal News: Probation for a Former Galleon Group Employee
Posted: January 21st, 2012, 12:40am EST by By BLOOMBERG NEWS
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David R. Slaine, a former Galleon Group employee who helped the authorities investigate the hedge fund’s co-founder, Raj Rajaratnam, was sentenced to probation for three years for securities fraud.
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U.S. Halts Imports of Orange Juice
Posted: January 12th, 2012, 1:19am EST by By BLOOMBERG NEWS
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The imports have been stopped after a banned fungicide was used on trees by growers for the Coca-Cola Company, which owns the Minute Maid brand.
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MetLife to Close Mortgage Unit
Posted: January 11th, 2012, 1:03am EST by By BLOOMBERG NEWS
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Wanting to avoid further federal oversight, MetLife will no longer originate home mortgages.
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Stanley Kwan, Hang Seng Index Creator, Dies at 86
Posted: January 11th, 2012, 12:13am EST by By BLOOMBERG NEWS
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Mr. Kwan worked with his staff at the Hang Seng Bank to devise a widely used gauge for the Hong Kong Stock Exchange.
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Olympus Sues Executives Involved in Cover-Up
Posted: January 10th, 2012, 3:09am EST by By BLOOMBERG NEWS
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An independent panel advised the camera maker to seek more than $1.2 billion from current and past executives over a cover-up that lasted more than a decade.
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Stocks and Bonds: Daily Stock Market Activity
Posted: January 10th, 2012, 2:29am EST by By BLOOMBERG NEWS
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Wall Street market indexes inched ahead as investors prepared for the start of corporate earnings season.
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I.R.S. Renews Disclosure Program for Offshore Assets
Posted: January 10th, 2012, 1:13am EST by By BLOOMBERG NEWS
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The program is part of the government’s efforts to crack down on tax evasion worldwide.
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Business Briefing | Company News: Whirlpool Files Antidumping Complaint on Washers
Posted: December 31st, 2011, 1:00am EST by By BLOOMBERG NEWS
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Whirlpool asked the United States to impose duties on washing machine imports made by LG Electronics and Samsung Electronics.
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Stocks & Bonds: World Markets Climb as Dollar’s Losses Continue
Posted: December 26th, 2011, 9:28pm EST by By BLOOMBERG NEWS
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Many markets were closed on Monday for Christmas and Boxing Day, but most of those that were open showed gains.
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Baby Formula Is Called Safe
Posted: December 26th, 2011, 12:07am EST by By BLOOMBERG NEWS
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Mead Johnson Nutrition said it tested the same batch of powdered baby formula as public health authorities, confirming the safety results.
NYT > Health
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Baby Formula Is Called Safe
Posted: December 26th, 2011, 12:07am EST by By BLOOMBERG NEWS
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Mead Johnson Nutrition said it tested the same batch of powdered baby formula as public health authorities, confirming the safety results.
NYT > Business
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France Télécom to Sell Orange Switzerland to Apax Partners
Posted: December 25th, 2011, 1:05am EST by By BLOOMBERG NEWS
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The deal is the first major step in the chief executive’s plan to unload slow-growing European operations to focus on faster-growing markets.
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Congress Considers New Limits on Insider Trading
Posted: December 7th, 2011, 1:00am EST by By BLOOMBERG NEWS
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The House and Senate could tighten laws on illegal trades to improve the public’s faith following a report by CBS on stock bets that were made by some members of Congress.
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Congress Considers New Limits on Insider Trading
Posted: December 7th, 2011, 1:00am EST by By BLOOMBERG NEWS
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The House and Senate could tighten laws on illegal trades to improve the public’s faith following a report by CBS on stock bets that were made by some members of Congress.
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Business Briefing | Finance: Irish Life Suspends an Effort to Sell a Unit
Posted: November 25th, 2011, 11:11pm EST by By BLOOMBERG NEWS
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Irish Life and Permanent, the mortgage lender controlled by Irish taxpayers, said it had suspended efforts to sell its life assurance unit after bids were too low.
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Business Briefing | Manufacturing: Panasonic Plans a Plant for Solar Equipment
Posted: November 25th, 2011, 11:11pm EST by By BLOOMBERG NEWS
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Panasonic said on Friday that it would invest 45 billion yen ($582 million) to build a plant for solar cells and modules in Malaysia in a move to increase its share of the global market.
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Postal Service Predicts Record Loss for 2012
Posted: November 16th, 2011, 1:08am EST by By BLOOMBERG NEWS
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The service, which is delivering fewer letters and packages, would have posted billions more in losses if not for a delay in a benefits payment, which will be made in 2012.
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Dell’s Profit Improves as Sales Miss Expectations
Posted: November 16th, 2011, 1:06am EST by By BLOOMBERG NEWS
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Dell reported revenue that was slightly lower than Wall Street expectations, hurt by lower sales to consumers.
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Steve Jobs’s Cause of Death Is Released by Coroner
Posted: October 11th, 2011, 1:10am EDT by By BLOOMBERG NEWS
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The death certificate for Steven P. Jobs says he died at home of respiratory arrest caused by a pancreatic tumor.
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Wall Street Rises as Bank Fears Ease in France
Posted: September 13th, 2011, 10:01pm EDT by By BLOOMBERG NEWS
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All 10 main industries in the S.& P. 500 advanced, and gains were led by industrial, raw material and technology companies.
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Prices for Imports to U.S. Fall Again
Posted: September 13th, 2011, 9:10pm EDT by By BLOOMBERG NEWS
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The cost of oil and food dropped, while autos stabilized, the Labor Department said.
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Chiefs of Wendy’s and Costco to Step Down
Posted: September 1st, 2011, 9:41pm EDT by By BLOOMBERG NEWS
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Roland Smith is quitting as chief executive at Wendy’s later this month, and Jim Sinegal is leaving Costco after more than two decades.
NYT > Health
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Johnson & Johnson to Settle Charge Over Drug’s Marketing
Posted: August 10th, 2011, 4:02am EDT by By BLOOMBERG NEWS
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An agreement in principle was reached on a misdemeanor criminal charge related to the marketing of the antipsychotic drug Risperdal.
NYT > Business
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Business Briefing | CONSUMER GOODS: Emerging Markets Lift Results at Procter & Gamble
Posted: August 5th, 2011, 11:40pm EDT by By BLOOMBERG NEWS
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The Procter & Gamble Company said Friday that its quarterly profit rose 15 percent as sales gained in emerging markets, and forecast annual revenue that topped some analysts’ estimates.
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Business Briefing | FINANCE: Fannie Mae Seeks More Help as Its Loss Grows
Posted: August 5th, 2011, 11:39pm EDT by By BLOOMBERG NEWS
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Fannie Mae, the mortgage-finance company under government conservatorship, reported a $2.9 billion second-quarter loss on Friday and said it would seek $5.1 billion in Treasury Department aid to balance its books.
NYT > Health
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Sales of Pain Drugs Help Pfizer’s Profit Beat Forecasts
Posted: August 3rd, 2011, 1:30am EDT by By BLOOMBERG NEWS
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Sales of the company’s Lyrica pain pill and its Enbrel arthritis medicine topped analysts’ predictions.
NYT > Business
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Galleon Case Figure Settles With S.E.C.
Posted: July 13th, 2011, 9:20pm EDT by By BLOOMBERG NEWS
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Danielle Chiesi, convicted in the Galleon Group insider trading case, is resolving a suit filed by the Securities and Exchange Commission.
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Armor Settles Claims Over Bribery
Posted: July 13th, 2011, 9:20pm EDT by By BLOOMBERG NEWS
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Armor settled United States government claims that it bribed a United Nations official to win contracts related to peacekeeping missions.
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Federal Reserve Will Require More Banks to Submit Capital Plans
Posted: June 11th, 2011, 1:20am EDT by By BLOOMBERG NEWS
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The Federal Reserve said it wanted the 35 largest banks to submit plans to increase dividends or to buy back stock for its approval, beginning early next year.
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Facebook ‘Face Recognition’ Feature Draws Privacy Scrutiny
Posted: June 9th, 2011, 1:55am EDT by By BLOOMBERG NEWS
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Facebook faces an investigation in the European Union over privacy protections for its new “face recognition” photo feature, and a privacy group plans to file a complaint in the U.S.
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Judge to Determine if RICO Act Can Be Used by Madoff Trustee
Posted: June 9th, 2011, 1:20am EDT by By BLOOMBERG NEWS
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The trustee in the Madoff case is using the RICO Act to sue UniCredit, but the Italian bank questioned whether it could be used against non-American firms.
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U.S. Orders Review of Risks of Some Birth Control Pills
Posted: May 31st, 2011, 10:05pm EDT by By BLOOMBERG NEWS
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The review will focus on the hormone drospirenone, which is found in Bayer’s Yaz, Yasmin, Beyaz and Safyral products.
NYT > Health
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U.S. Orders Review of Risks of Some Birth Control Pills
Posted: May 31st, 2011, 10:05pm EDT by By BLOOMBERG NEWS
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The review will focus on the hormone drospirenone, which is found in Bayer’s Yaz, Yasmin, Beyaz and Safyral products.
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Business Briefing | Health: Backing for Multiple Sclerosis Drug Lifts Stock
Posted: May 21st, 2011, 12:50am EDT by By BLOOMBERG NEWS
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Acorda Therapeutics won the backing of European Union regulators for a drug it makes with Biogen Idec to improve walking in multiple sclerosis patients, setting off a 14 percent gain in its share price.
NYT > Business
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Two 9/11 Flight Numbers Retired
Posted: May 18th, 2011, 9:50pm EDT by By BLOOMBERG NEWS
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United Continental said the designations 93 and 175, which had reappeared in its reservation system, would no longer be used.
NYT > Health
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Drug Study a Setback for Abbott
Posted: May 18th, 2011, 1:00am EDT by By BLOOMBERG NEWS
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The study showed no significant reduction in heart attacks, strokes and cardiac deaths in people taking TriCor along with simvastatin, compared with those taking simvastatin alone.
NYT > Business
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Madoff Trustee Readies First Payout for Investors
Posted: May 5th, 2011, 1:12am EDT by By BLOOMBERG NEWS
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Irving Picard, the trustee, said that with a judge’s approval he would make a first payout, of $272 million, to former Madoff investors.
NYT > Health
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Jury Rejects Missouri Hospitals’ Case Against Tobacco Firms
Posted: April 30th, 2011, 1:40am EDT by By BLOOMBERG NEWS
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Tobacco companies were found not liable for money spent on patients with smoking-related illnesses who could not pay their medical bills.
NYT > Business
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Guilty Plea in Fraud Case Tied to TARP
Posted: March 15th, 2011, 2:20am EDT by By BLOOMBERG NEWS
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Raymond E. Bowman, the former president of Taylor, Bean & Whitaker Mortgage, was part of a scheme to steal $1.9 billion from the Troubled Asset Relief Program.
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Guilty Plea in Fraud Case Tied to TARP
Posted: March 15th, 2011, 2:20am EDT by By BLOOMBERG NEWS
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Raymond E. Bowman, the former president of Taylor, Bean & Whitaker Mortgage, was part of a scheme to steal $1.9 billion from the Troubled Asset Relief Program.
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Business Briefing | Energy: Chevron Reports Disappointing Sales
Posted: January 28th, 2011, 9:33pm EST by By BLOOMBERG NEWS
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The Chevron Corporation reported fourth-quarter sales and refining profits that failed to meet analysts’ estimates on Friday.
NYT > Health
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Amgen Buys a Cancer Drug Maker
Posted: January 25th, 2011, 1:33am EST by By BLOOMBERG NEWS
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Amgen will pay $425 million and perhaps $575 million in milestone payments to BioVex, a maker of experimental cancer drugs.
NYT > Business
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Amgen Buys a Cancer Drug Maker
Posted: January 25th, 2011, 12:03am EST by By BLOOMBERG NEWS
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Amgen will pay $425 million and perhaps $575 million in milestone payments to BioVex, a maker of experimental cancer drugs.
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Stocks and Bonds: Wall Street Weighed Down by Bank Earnings
Posted: January 20th, 2011, 1:11am EST by By BLOOMBERG NEWS
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Goldman Sachs reported a drop in profit and American Express announced job cuts. Investors are also closely following Apple and I.B.M. shares.
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Stocks and Bonds: Euro Slips Against Dollar, and Futures Lose Ground
Posted: January 18th, 2011, 1:40am EST by By BLOOMBERG NEWS
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United States stock futures declined abroad after Apple said that its chief executive was taking a medical leave. Apple shares tumbled 6.2 percent in Germany.
NYT > Health
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Judge Accepts Guilty Plea by Guidant
Posted: January 14th, 2011, 7:50pm EST by By BLOOMBERG NEWS
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Guidant, a unit of Boston Scientific, was placed on three years’ probation and will pay $296 million for hiding defects in heart defibrillators.
NYT > Business
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Wall Street Manages to Close Higher
Posted: January 11th, 2011, 8:40pm EST by By BLOOMBERG NEWS
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The S.& P. 500-stock index has gained 88 percent since its March 2009 low.
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Volkswagen Extends Chief’s Pact
Posted: January 2nd, 2011, 10:16pm EST by By BLOOMBERG NEWS
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In prolonging Martin Winterkorn’s tenure through 2016, Volkswagen sought continuity at the top.
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Car Licenses in Demand in Beijing
Posted: January 2nd, 2011, 7:40pm EST by By BLOOMBERG NEWS
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The government is setting a monthly quota of 20,000 new vehicle licenses for the Chinese capital.
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Blockbuster Creditor Sues Icahn
Posted: December 24th, 2010, 1:20am EST by By BLOOMBERG NEWS
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The creditor said Mr. Icahn had improperly converted his stock to debt to take control of the company after it emerged from bankruptcy.
NYT > Sports
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N.B.A. Roundup: Nets Owner Sees Upside In Down Year
Posted: December 9th, 2010, 3:20am EST by By BLOOMBERG NEWS
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Mikhail D. Prokhorov said having the Nets (6-16) miss the playoffs for the fourth straight season would give them the chance to add top talent in the draft.
NYT > Business
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Madoff Relatives Sued for $69 Million
Posted: November 28th, 2010, 2:40am EST by By BLOOMBERG NEWS
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The trustee seeking to recover money for people who were defrauded by Bernard L. Madoff filed lawsuits against investors, employees and Madoff family members.
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Business Briefing | Legal News: Court Rules Against Candy Labeled ‘Pure Chocolate’
Posted: November 26th, 2010, 1:39am EST by By BLOOMBERG NEWS
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Italian rules allowing candy makers including Nestlé to label their products as “pure chocolate” breach European Union law, the bloc’s highest court in Luxembourg said.
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Medtronic to Buy the Rest of Ardian
Posted: November 23rd, 2010, 1:10am EST by By BLOOMBERG NEWS
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Medtronic said it would pay $800 million in cash plus milestones based on Ardian’s revenue through 2015.
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Children’s Benadryl Tablets Recalled
Posted: November 23rd, 2010, 1:10am EST by By BLOOMBERG NEWS
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Some flavored Benadryl allergy tablets and bottles of junior-strength Motrin were recalled at the wholesale level because of manufacturing problems.
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Cost Cuts Help Merck to Avert Revenue Losses
Posted: October 30th, 2010, 1:30am EDT by By BLOOMBERG NEWS
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The drug maker exceeded analysts’ third-quarter estimates by 2 cents.
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Business Briefing | Medicine: Drug For Neurological Disorders Cleared By F.D.A.
Posted: October 30th, 2010, 1:20am EDT by By BLOOMBERG NEWS
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Avanir Pharmaceuticals won approval for a drug that curbs bouts of uncontrolled laughing or crying in patients with neurological disorders, regulators said
NYT > Health
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Thomas’s Wife Is Off Memo List
Posted: October 22nd, 2010, 3:07pm EDT by By BLOOMBERG NEWS
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A memorandum that calls the health care law unconstitutional addresses an issue that could come before the Supreme Court.
NYT > Business
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H&R Block May Not Provide Loans
Posted: October 18th, 2010, 9:20pm EDT by By BLOOMBERG NEWS
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A dispute with HSBC Holdings was cited as the reason refund loans won’t be available.
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U.S. Shuts Banks in Midwest
Posted: October 16th, 2010, 1:00am EDT by By BLOOMBERG NEWS
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The F.D.I.C. and the federal Office of Thrift Supervision closed lenders in Missouri and Kansas on Friday, bringing the total for the year to 132.
NYT > Health
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Medtronic to Settle Lawsuits Over Devices Tied to Deaths
Posted: October 15th, 2010, 12:50am EDT by By BLOOMBERG NEWS
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The maker of heart devices agreed to pay $268 million to settle “virtually all” claims in the United States over defective defibrillator wires.
NYT > Business
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Father and Son Found Guilty of Tax Evasion
Posted: October 7th, 2010, 1:50am EDT by By BLOOMBERG NEWS
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Mauricio Cohen Assor and Leon Cohen Levy were found guilty of conspiring to defraud the Internal Revenue Service and filing false tax returns.
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S.E.C. Is Sued Over Board Nomination Rule
Posted: September 30th, 2010, 2:00am EDT by BY BLOOMBERG NEWS
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A suit by the Chamber of Commerce and Business Roundtable seeks to overturn a rule that makes it easier for investors to oust corporate directors.
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Spanish Builder Makes Bid for Control of German Rival
Posted: September 16th, 2010, 5:25pm EDT by By BLOOMBERG NEWS
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ACS, which owns just under 30 percent of Hochtief stock, wants to increase that stake to more than 50 percent without paying a premium.
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V.A. Agreed to Withholding of Benefits, Documents Say
Posted: September 14th, 2010, 1:30am EDT by By BLOOMBERG NEWS
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The department allowed the insurer Prudential Financial to keep death benefits in an account to earn interest income for itself instead of paying out lump sums to soldiers’ survivors.
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Iceland Considers Charges in Nation’s Banking Collapse
Posted: September 12th, 2010, 1:14am EDT by By BLOOMBERG NEWS
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A special committee has recommended that top leaders during the 2008 crisis be indicted on negligence charges.
NYT > Health
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Court Denies Class-Action Status in Lilly Drug Case
Posted: September 11th, 2010, 2:40am EDT by By BLOOMBERG NEWS
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A federal appeals court overturned a ruling that had granted class-action status in a case on Lilly’s top-selling schizophrenia drug.
NYT > Business
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Court Denies Class-Action Status in Lilly Drug Case
Posted: September 10th, 2010, 6:19pm EDT by By BLOOMBERG NEWS
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A federal appeals court overturned a ruling that had granted class-action status in a case on Lilly’s top-selling schizophrenia drug.
NYT > Health
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Bristol-Myers Agrees to Acquire ZymoGenetics for $885 Million
Posted: September 8th, 2010, 1:30am EDT by By BLOOMBERG NEWS
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The two companies agreed in January to jointly develop ZymoGenetics’s hepatitis C drug and share the profits.
NYT > Business
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Vodafone to Sell Its Stake in China Mobile for $6.6 Billion
Posted: September 7th, 2010, 9:50pm EDT by By BLOOMBERG NEWS
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About 70 percent of the proceeds of the $6.6 billion sale will be returned to shareholders through a stock repurchase
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Analyst Sees Securities Firms Slashing Jobs and Pay
Posted: September 7th, 2010, 9:38pm EDT by By BLOOMBERG NEWS
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Up to 80,000 jobs will be lost in the next 18 months as revenue growth begins to slow, according to Meredith Whitney.
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Bristol-Myers Agrees to Acquire ZymoGenetics for $885 Million
Posted: September 7th, 2010, 9:15pm EDT by By BLOOMBERG NEWS
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The two companies agreed in January to jointly develop ZymoGenetics’s hepatitis C drug and share the profits.
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3M Will Buy Cogent, Maker of Fingerprint ID Systems
Posted: August 31st, 2010, 1:40am EDT by By BLOOMBERG NEWS
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In purchasing Cogent, 3M hoped to tap into a $4 billion global biometric market that it said was projected to grow more than 20 percent annually.
NYT > Health
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Stryker Settles Case That Claimed Deception
Posted: August 27th, 2010, 1:00am EDT by By BLOOMBERG NEWS
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Martha Coakley, the Massachusetts attorney general, said Stryker “promoted uses of its products that were not shown to be safe or effective.”
NYT > Business
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Chinese Company in Talks on South Africa Rail Project
Posted: August 25th, 2010, 1:00am EDT by By BLOOMBERG NEWS
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The China Railway Group, a construction company, said it was in talks with South Africa’s government for a $30 billion high-speed rail project between Johannesburg and the eastern port city of Durban.
NYT > Health
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National Briefing | Health Care: Insurers Feeling Pain of Dog Bites
Posted: August 18th, 2010, 11:09pm EDT by By BLOOMBERG NEWS
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Dog bites cost American home insurers 6.4 percent more in 2009 than in the previous year, with the average claim exceeding $24,000 for the third straight year, an industry group said Wednesday.
NYT > Business
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Judge Not Ready to Decide on Citigroup-S.E.C. Settlement
Posted: August 16th, 2010, 11:00pm EDT by By BLOOMBERG NEWS
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Approval from a federal judge is needed for a $75 million settlement on claims that Citigroup misled investors on its subprime holdings.
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Bernanke Says Rising Wages Will Lift Spending
Posted: August 3rd, 2010, 2:10am EDT by By BLOOMBERG NEWS
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Federal Reserve Chairman Ben S. Bernanke said rising wages would probably spur household spending in the next few quarters, even as weak job gains dragged down consumer confidence.
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G.E and Intel Form Health Care Joint Venture
Posted: August 2nd, 2010, 11:20pm EDT by By BLOOMBERG NEWS
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The venture will focus on products that help the elderly and those with chronic diseases to live independently.
NYT > Health
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G.E and Intel Form Health Care Joint Venture
Posted: August 2nd, 2010, 11:20pm EDT by By BLOOMBERG NEWS
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The venture will focus on products that help the elderly and those with chronic diseases to live independently.
NYT > Business
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Motorola’s Profit Beats Estimates
Posted: July 30th, 2010, 1:20am EDT by By BLOOMBERG NEWS
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Strong demand for a line of smartphones using Google’s Android operating system helped sales.
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Fallen Soldiers’ Families Are Denied Cash as Insurers Profit
Posted: July 29th, 2010, 1:50am EDT by By BLOOMBERG NEWS
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At least $28 billion owed to survivors of fallen soldiers is held by insurers that are receiving interest on the money.
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Spain Debt Auction Succeeds but Downgrade Looms
Posted: July 1st, 2010, 7:01am EDT by By BLOOMBERG NEWS
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Spain sold 3.5 billion euros of five-year bonds at an auction, even as its borrowing costs rose after Moody’s Investors Service said it may cut Spain’s top credit rating.
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Kenneth I. Starr Is Indicted in $59 Million Fraud
Posted: June 11th, 2010, 12:20am EDT by By BLOOMBERG NEWS
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An indictment of Kenneth I. Starr raised the number of victims to 11 and the amount of money involved to $59 million, from $30 million,
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Business Briefing | Finance: Agricultural Bank of China to Sell Shares
Posted: June 4th, 2010, 11:46pm EDT by By BLOOMBERG NEWS
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The Agricultural Bank of China, one of the nation’s biggest lenders, will sell a 15 percent stake in what may be the world’s largest initial public offering on record.