Latest Business News Wires - Business Headlines
More
-
*Brown turning his attention to education funding reforms. SACRAMENTO, Calif., Jan 24- Governor Jerry Brown, hailing what he described as a hard-fought rebound in California's fortunes, used his annual State of the State address on Thursday to urge fiscal discipline to avoid a return to budget deficits and cycles of "boom and bust."
-
WASHINGTON, Jan 24- The United States and Japan on Thursday signed an amended tax treaty that includes a tax dispute resolution process that benefits multinational corporations. The deal, signed by Treasury Deputy Secretary Neal Wolin and Japanese Ambassador Kenichiro Sasae, must be ratified in both countries.
-
WASHINGTON, Jan 24- Several Democratic lawmakers on Thursday urged President Barack Obama to use his broad powers to curb carbon emissions through federal agencies, saying Congress may be unable to agree on action to address climate change.
-
*Lenovo says has talked to RIM about strategic ventures. TORONTO, Jan 24- A senior Lenovo executive said on Thursday that the Chinese computer maker may consider Research in Motion as a takeover target, sending the Blackberry maker's shares up 2 percent just a week before it launches a make-or-break line of redesigned smartphones.
-
*In recent private practice, White represented Wall Street. WASHINGTON, Jan 24- The White House on Thursday nominated former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, selecting a hard-nosed enforcer who also has experience defending Wall Street figures.
-
NEW YORK, Jan 24- Billionaire investor George Soros said on Thursday that he favors U.S. monetary easing policy, but warned of a "currency war" because of differences in how countries manage national deficits. "I think the policy, basically, pioneered by Bernanke is actually the right policy," Soros told CNBC in an interview from Davos, Switzerland.
-
*Opposition to cuts in education, Social Security, Medicare. WASHINGTON, Jan 24- Most Americans want President Barack Obama and Congress to reduce the federal deficit without cutting Medicare, Social Security and education, according to polling data released Thursday.
-
*Doug Whitman convicted on Google, Marvell, Polycom trades. NEW YORK, Jan 24- California hedge fund manager Doug Whitman was sentenced on Thursday to two years in prison, after he had become the first defendant in a broad U.S. crackdown on insider trading to take the stand to convince jurors of his innocence.
-
*Apple needs China more than ever, but obstacles aplenty. HONG KONG, Jan 25- Apple Inc's third straight disappointing quarter signals an urgent need for the global technology leader to drum up new revenue- and China may provide the answer.
-
NEW YORK, Jan 24- The yen tumbled 2 percent against the dollar to hit a 2-1/ 2- year low on Thursday after a Japanese economic official said the government has no problem with the dollar hitting 100 yen.
-
WASHINGTON, Jan 24- A top U.S. The massacre galvanized public support for tougher gun laws, but also rallied pro-gun rights groups like the National Rifle Association to oppose such action. 'The answer is we don't know, "said Feinstein, who asked Americans to pressure Congress.
-
PARIS, Jan 24- France, which is studying ways of curbing legal tax avoidance by big Internet firms, has decided to go after all of them to seek payment of back taxes, Industry Minister Arnaud Montebourg said on Thursday.
-
Jan 24- Starbucks Corp reported higher quarterly profit on Thursday, after customers in the United States, its top market, spent more than expected during the winter holiday season, when consumers worried about the budget standoff in Washington. Overall revenue jumped almost 11 percent to $3.80 billion during the quarter, which is Starbucks' biggest for sales.
-
NEW YORK, Jan 24- The smallest of gains gave the Standard& Poor's 500 its seventh straight winning day on Thursday, but the index failed to hold above the 1,500 line, restrained by Apple's worst day in more than four years.
-
SEATTLE, Jan 24- Microsoft Corp said its quarterly profit fell as Office software sales slowed ahead of a new launch, offseting a solid start for its new Windows 8 operating system. Overall sales rose 3 percent to $21.5 billion, Microsoft said on Thursday, in line with analysts' estimates.
-
The proposal presented to the Washington Metropolitan Area Transit Authority's board includes a second tunnel under the Potomac River and a new rail tunnel in the center of the District of Columbia. The new plan does not outline how to fund the upgrade, much of which would take place outside the district in Maryland and Virginia.
-
Northeast pushed regional New York natural gas prices to their highest level in nine years intraday on Thursday, but prices ended the day at their loftiest mark in five years, Reuters data showed.
-
WASHINGTON, Jan 24- Jill Sommers, a Republican, said on Thursday she is stepping down as a commissioner of the U.S. Commodity Futures Trading Commission, leaving the main U.S. derivatives regulator firmly in Democratic hands as it puts in place the last building blocks of a Wall Street overhaul.
-
Jan 24- Facebook CEO Mark Zuckerberg and his wife, Priscilla, will host a fundraiser for New Jersey Republican Governor Chris Christie at their California home on Feb. 13, the social networking site said on Thursday.