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Latest Business News...  (search above)

US Stocks Join Global Retreat as Dell Slumps, Dollar Advances

Bloomberg - Elizabeth Stanton - ‎34 minutes ago‎
Nov. 20 (Bloomberg) -- US stocks fell, joining a global retreat, as earnings at Dell Inc. and DR Horton Inc. trailed analysts' estimates and concern grew that European Central Bank policy makers will phase out economic stimulus ...

Twitter Sales Top $4 Million; Ad Business Planned

Bloomberg - Brian Womack - ‎1 hour ago‎
Nov. 20 (Bloomberg) -- Twitter Inc., the social-networking company valued at $1 billion by venture capitalists, is generating sales of more than $4 million a year.

Oct. unemployment down in Mo., up in Ill.

Bizjournals.com - ‎1 hour ago‎
Missouri's unemployment rate was 8.9 percent in October, down from 9.3 percent in September but up from 6.3 percent in October 2008, the US Bureau of Labor Statistics said Friday.

OIL FUTURES: Nymex Crude Down 1% On Equities, Stronger Dollar

Wall Street Journal - Edward Welsch - ‎31 minutes ago‎
OTTAWA (Dow Jones)--Crude oil futures declined 1% Friday as US equities faltered, reviving concerns about the pace of economic recovery and oil demand.

Confessions of a Black Friday Shopper

CNBC - Chris Morris - ‎2 hours ago‎
While the majority of Americans who have the day after Thanksgiving off will sleep in, flushing the last of the tryptophan out of their system, I'll be waking up at the ungodly hour of 3 am - to go shopping.

Delaware: Big Economic Impact From Valero Closure

Wall Street Journal - ‎16 minutes ago‎
NEW YORK (Dow Jones)--Valero Energy Corp. (VLO) will be shuttering its Delaware City refinery by the end of shift Sunday, and that will have a total impact of $882 million lost for the state's economy, according to Delaware officials.

Boeing Breaks Ground on South Carolina Dreamliner Plant

Wall Street Journal - Peter Sanders - ‎2 hours ago‎
Boeing Co. on Friday broke ground in North Charleston, SC, on a second assembly facility for its long-delayed 787 Dreamliner—across the country from its traditional plane-making hub in Seattle.

S&P, Moody's and Fitch Are Sued by Ohio Over Ratings

Bloomberg - Andrew M. Harris - ‎1 hour ago‎
Nov. 20 (Bloomberg) -- Standard & Poor's, Moody's Corp. and Fitch Inc. were sued by Ohio Attorney General Richard Cordray, who said the three companies disregarded their responsibility to provide “accurate credit ratings of ...

Fair Isaac Loses Antitrust Suit

Wall Street Journal - Kathy Shwiff - ‎1 hour ago‎
A federal jury ruled for the defendants in Fair Isaac Corp.'s lawsuit accusing credit-scoring firm VantageScore Solutions and national credit-reporting agencies Experian PLC and TransUnion LLC of trademark infringement and unfair ...
FICO loses credit score trademark fight Twin Cities Business Journal

Terra Investors Elect CF Nominees Amid Proxy Fight

Bloomberg - Christopher Donville - ‎1 hour ago‎
Nov. 20 (Bloomberg) -- Terra Industries Inc. shareholders elected a slate of three board nominees backed by CF Industries Holdings Inc., advancing CF's bid to acquire the nitrogen- fertilizer producer.

Sellers Scuttle Treasury Rally Before $118 Bln Supply

Wall Street Journal - Min Zeng - ‎32 minutes ago‎
NEW YORK (Dow Jones)--Selling returned to the Treasury market Friday afternoon as investors prepared for next week's record $118 billion government note supply.

European Bank Easing Off Emergency Moves

New York Times - ‎1 hour ago‎
By BLOOMBERG NEWS The European Central Bank tightened the rules for the collateral it accepts against loans on Friday as it tries to restore the “proper functioning” of markets and prepares the ground to unwind emergency liquidity measures.

Shareholders demand Goldman bonuses

guardian.co.uk - ‎2 hours ago‎
Protesters at the Washington office of Goldman Sachs this week demand that the bank's bonuses and compensation go to help prevent foreclosures.

Dell Shares Slump On Fears Of Being Left Behind In PC Market

Wall Street Journal - Jennifer Cummings - ‎5 hours ago‎
NEW YORK (Dow Jones)--Shares of Dell Inc. (DELL) slumped Friday as analysts say the company's fiscal third-quarter miss implies the computer giant is being left out of the nascent recovery in the ...

US gold up despite dollar rise; sentiment strong

Reuters - ‎1 hour ago‎
NEW YORK, Nov 20 (Reuters) - US gold futures ended higher for a sixth straight session on Friday despite a dollar rise, and a late session rally in the face of a stronger dollar could boost sentiment early next week, traders said.

Fed Audit Legislation Progresses

Atlantic Online - Daniel Indiviglio - ‎1 hour ago‎
Yesterday, another interesting amendment (.pdf) to the House's financial regulation bill made it through committee. It would require an audit of the Federal Reserve.

U.S. electric carmaker Tesla preparing IPO-sources

Reuters - Poornima Gupta, Derek Caney - ‎45 minutes ago‎
SAN FRANCISCO, Nov 20 (Reuters) - US electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

HealthCor Urges Biogen Board Consider Number Of Changes

Wall Street Journal - Thomas Gryta - ‎41 minutes ago‎
NEW YORK (Dow Jones)--HealthCor Management, a hedge fund that owns a 1.3% stake in Biogen Idec Inc. (BIIB), sent a letter to the biotech's board criticizing its spending and executive compensation and urging it to ...

Sector Snap: Homebuilders drop on DR Horton loss

Forbes - ‎1 hour ago‎
AP , 11.20.09, 03:13 PM EST NEW YORK -- Shares of homebuilders slid Friday after DR Horton Inc. said revenue plunged, while analysts said the company wrote down more inventory than anticipated and expectations for the industry were unrealistically high ...

JP Morgan Chase Drops Card Arbitration Clauses

Wall Street Journal - Jay Miller - ‎1 hour ago‎
JP Morgan Chase & Co. agreed to drop arbitration clauses from its credit-card agreements as it reached a tentative settlement of a suit that accused the bank and other lenders of unlawfully conspiring to require cardholders to resolve ...
jpmorgan Chase Ends Credit Card Arbitration American Banker (subscription)
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