Feed aggregator

CEO Doctoroff bids farewell to Bloomberg

Talking Biz News - 56 min 56 sec ago
Dan Doctoroff, the CEO of Bloomberg LP, bid farewell to the employees in a note on Friday, reports Joe Pompeo of Capital New York. Pompeo writes, “‘I love this company, and there’s a part...

EU widens trade row with new Boeing subsidy claim

Breaking Business News - 1 hour 13 min ago
GENEVA (Reuters) - The European Union opened a new front in a decade-old dispute over aircraft subsidies on Friday, launching a complaint at the World Trade Organization alleging illegal tax breaks in Boeing's home state of Washington.

Wall Street ends up for third day; energy shares rise

Breaking Business News - 1 hour 29 min ago
NEW YORK (Reuters) - U.S. stocks extended their gains to a third session on Friday, giving the S&P 500 its best weekly performance in about two months as energy shares continued to rebound.

Obama vows U.S. response to North Korea over Sony cyber attack

Breaking Business News - 1 hour 37 min ago
WASHINGTON (Reuters) - President Barack Obama vowed on Friday to respond to a devastating cyber attack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for caving in to what he described as a dictator trying to impose censorship in the United States.

Oil jumps 5 percent second time in week on short-covering

Breaking Business News - 1 hour 54 min ago
NEW YORK (Reuters) - Oil prices jumped more than 5 percent on Friday for a second time in a week as short-covering alleviated pressure in a market dominated by sellers the past six months, and lighter-than-usual pre-holiday volume exaggerated the move higher.

Oil, stocks go their separate ways

Breaking Business News - 2 hours 6 min ago
NEW YORK (Reuters) - Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

Exclusive: GM develops contingency plans in case Takata recalls widen

Breaking Business News - 2 hours 48 min ago
DETROIT(Reuters) - General Motors Co has developed contingency plans in case recalls of potentially lethal Takata-made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday.

SF Biz Times begins publishing restaurant inspections

Talking Biz News - 3 hours 25 min ago
The San Francisco Business Times has started publishing lists of restaurants and other food establishments in its coverage area that have been cited for high-risk violations of the local health code. Marlize van Romburgh...

U.S. NLRB files labor violations complaints against McDonald's

Breaking Business News - 3 hours 32 min ago
(Reuters) - The U.S. National Labor Relations Board on Friday filed complaints against McDonald's Corp and its franchises for alleged labor violations, including the illegal firing and intimidation of staff who protested working conditions.

Fed's Williams sees June 2015 'reasonable' for rates liftoff

Breaking Business News - 3 hours 54 min ago
SAN FRANCISCO (Reuters) - U.S. inflation will likely still be "well below" the Federal Reserve's 2-percent target next year, but that won't stop the central bank from raising interest rates, a top policymaker said on Friday.

USA Today hires Whitehouse to cover Wall Street

Talking Biz News - 4 hours 24 min ago
Kaja Whitehouse, who covered business for the New York Post for seven years, has joined USA Today  in a newly-created position of Wall Street reporter. “I’ve followed her career since she was at Dow...

Tennessean hires two new business reporters

Talking Biz News - 4 hours 29 min ago
Stefanie Murray, executive editor of The Tennessean in Nashville, announced that the paper has hired two new business journalists. They are: Holly Fletcher started in early December covering Nashville’s massive health care industry. Holly...

Yes, a PR person and a biz journalist can get along

Talking Biz News - 5 hours 34 min ago
Roxana Janka, a public relations specialist at The Phelps Group, writes about her working relationship with New York Times advertising reporter Stuart Elliott, who is leaving the paper on Friday. Janka writes, “I once...

Thai Union Frozen to buy U.S. tuna firm Bumble Bee for $1.5 billion

Breaking Business News - 5 hours 50 min ago
BANGKOK (Reuters) - Thai Union Frozen Products PCL , the world's biggest producer of canned tuna, has agreed to buy U.S. competitor Bumble Bee Seafoods for $1.5 billion as part of a plan to double revenue through overseas acquisitions.

Capital Business to move inside Washington Post

Talking Biz News - 5 hours 58 min ago
The Washington Post announced Friday that Capital Business, The Post’s standalone publication focused on the D.C.-area’s business and development, will move into the main newspaper throughout the week and no longer be a separate...

Family Dollar to delay shareholder vote on Dollar Tree deal: CNBC

Breaking Business News - 6 hours 1 min ago
(Reuters) - Family Dollar Inc will delay a shareholder vote on the potential acquisition by Dollar Tree Inc , CNBC said, citing sources.

Sears Canada speeding up investments in turnaround effort: CEO

Breaking Business News - 6 hours 6 min ago
TORONTO (Reuters) - Sears Canada Inc is stepping up spending on areas like its website and profitable merchandise categories, while looking to exit unprofitable product lines as part of its turnaround plan, the retailer's new acting chief executive said on Friday.

Washington closes out last big position in Wall Street bailout

Breaking Business News - 6 hours 53 min ago
WASHINGTON (Reuters) - The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors, the U.S. Treasury said on Friday.

BlackBerry third-quarter revenue falls more than expected, shares drop

Breaking Business News - 7 hours 52 sec ago
TORONTO (Reuters) - BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again.

Consumers can sue Target Corp over data breach: judge

Breaking Business News - 7 hours 24 min ago
(Reuters) - A U.S. judge has cleared the way for consumers to sue Target Corp over the retailer's late 2013 data breach that they say compromised their personal financial information.