Feed aggregator

Bloomberg News seeks economics reporter in Mumbai

Talking Biz News - 32 min 24 sec ago
Bloomberg News seeks experienced reporters in India to join its South Asia economy and government team. The successful candidate will cover breaking news from India’s central bank and be able to immediately transform this into real-time headlines and stories for trading clients. The reporter will work within a high-pressure team environment, in which the delay

Bloomberg News seeks Fed reporter

Talking Biz News - 33 min 59 sec ago
Bloomberg News is looking for an energetic reporter with sharp news judgment to cover the world’s most important central bank, the Federal Reserve. This demanding and high-profile beat calls for excellence in a wide range of skills, from deadline reporting to enterprise. You must be able to develop sources and break news while also spotting

Bloomberg’s QuickTake analyzes the news, succinctly

Talking Biz News - 42 min 7 sec ago
The media are falling all over themselves to roll out new websites that give long-winded explanations of the news. Since the beginning of the year, such websites have been launched, or announced, by The New York Times, The Washington Post, ESPN and others. Bloomberg News is taking a different approach to the trend with its

Settlement time for U.S. trades closer to being shortened

Breaking Business News - 51 min ago
NEW YORK (Reuters) - The Depository Trust & Clearing Corporation, which processes all U.S. stock and fixed income trades, said on Wednesday it supports shortening the settlement cycle for U.S. equities, corporate and municipal bonds, and unit investment trust trades.

Procter & Gamble quarterly profit rises on home care sales

Breaking Business News - 57 min 14 sec ago
(Reuters) - Procter & Gamble Co , the world's largest household products maker, reported a higher than expected quarterly profit on Wednesday, helped by an increase in home care products sales and better cost control.

GM said it has shipped thousands of replacement ignition switches

Breaking Business News - 57 min 58 sec ago
DETROIT (Reuters) - General Motors Co on Wednesday said it has shipped "thousands" of kits needed to repair the defective ignition switches linked to at least 13 deaths.

Futures imply lower open after recent rally

Breaking Business News - 1 hour 12 min ago
NEW YORK (Reuters) - U.S. stock index futures pointed to a slightly lower open on Wednesday as the latest corporate earnings failed to inspire investors to keep pushing equities higher following six straight days of gains on both the S&P 500 and Nasdaq.

Chinese bidder for Forbes may have dropped out

Talking Biz News - 1 hour 14 min ago
Speculation is rampant that the auction of Forbes Media has hit a bump and that the one-time front runner, China’s Fosun International, has dropped out, reports Keith Kelly of the New York Post. Kelly writes, “Fosun did not return an e-mail on Monday seeking comment. If Fosun has dropped out of the bidding, it’s unclear

Boeing posts higher adjusted profit, lifts 2014 forecast

Breaking Business News - 1 hour 20 min ago
(Reuters) - Rising jet production helped Boeing Co post a 14 percent rise in adjusted net profit in the first quarter, beating estimates, and the company notched up its full-year forecast.

Dow Chemical profit tops estimates on strong margins

Breaking Business News - 1 hour 42 min ago
(Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, reported a better-than-expected rise in quarterly profit as cost controls helped to boost margins in businesses that make coatings, plastics and crop-protection products.

Valeant CEO 'disappointed' in Allergan poison pill: CNBC

Breaking Business News - 1 hour 48 min ago
(Reuters) - The chief executive officer of Valeant Pharmaceuticals, which made a $47 billion unsolicited offer for competitor Allergan Inc. on Tuesday, said during an interview on CNBC that he was "disappointed" with Allergan's so-called poison pill.

China to allow private investment in 80 projects

Breaking Business News - 1 hour 59 min ago
BEIJING (Reuters) - China will allow private investment in 80 projects spanning the energy, information and infrastructure sectors as part of reforms to increase privatization, Premier Li Keqiang said on Wednesday.

AOL PR chief leaves – again

Talking Biz News - 2 hours 1 min ago
Peter Land, head of communications at AOL, is leaving his job, marking the third public relations guru to get chopped in just over three years. The news is likely unwelcome for those covering the company as they’ll have to start relationship building all over again. Ad Age’s Alex Kantrowitz broke the story: AOL and Peter Land,

ECB's Hansson: Must keep an eye on euro exchange rate

Breaking Business News - 2 hours 46 min ago
TALLINN (Reuters) - The European Central Bank must keep an eye on the euro exchange rate to assess whether it poses a risk to the medium-term inflation outlook, ECB Governing Council member Ardo Hansson said on Wednesday.

BlackRock cut stake in Monte Paschi to 3.23 percent

Breaking Business News - 2 hours 48 min ago
MILAN (Reuters) - U.S. investment fund BlackRock has lowered its stake in Italian lender Banca Monte dei Paschi di Siena to 3.23 pct from 5.75 percent, according to a filing published by market regulator Consob on Wednesday.

U.S. mortgage applications fell last week: MBA

Breaking Business News - 2 hours 51 min ago
NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said on Wednesday.

Global share rally peters out, euro lifted by PMI boost

Breaking Business News - 3 hours 13 sec ago
LONDON (Reuters) - European shares edged down on Wednesday after three days of gains as signs of a still stuttering Chinese economy and rising worries about Ukraine offset a reassuring set of European economic numbers.

Primark targets U.S. with first store openings

Breaking Business News - 3 hours 6 min ago
LONDON (Reuters) - Primark, the fast-growing clothing chain owned by Associated British Foods , is to enter the United States, it said on Wednesday, becoming the latest British retailer to attempt to crack the American market after success in Europe.

Goldman loses four Asia prime brokerage execs to rivals- sources

Breaking Business News - 3 hours 8 min ago
HONG KONG (Reuters) - At least four mid-level executives are leaving Goldman Sachs Group's Asia prime brokerage unit to join rival banks, people familiar with the matter said, just as the regional hedge fund industry is starting to pick up.

Chinese factories stalling as euro zone business picks up

Breaking Business News - 3 hours 9 min ago
LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday.