Wednesday, November 4, 2009

11/5 Yahoo! News: Business

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Asia shares dip; dollar shaky on cautious Fed (Reuters)
November 5, 2009 at 12:59 am

A man rides an escalator as a stock quotation board is reflected in a window in Tokyo November 2, 2009. REUTERS/Toru HanaiReuters - Asian shares dipped on Thursday, and the dollar fell after the U.S. Federal Reserve vowed to keep rates near zero for "an extended period" and said the recovery of the world's biggest economy would be sluggish.



Google seeks revenue from online retailers (Reuters)
November 5, 2009 at 12:38 am

Reuters - Google Inc is selling a special search product to online retailers, as the Internet giant widens its hunt for new sources of revenue.

Fed sees rates near zero for "extended period" (Reuters)
November 4, 2009 at 9:11 pm

A man walks in front of the U.S. Federal Reserve building in Washington, June 24, 2009. REUTERS/Jim YoungReuters - The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for "an extended period."



Cisco beats forecasts, points to recovery (Reuters)
November 4, 2009 at 7:21 pm

A sign shows the headquarters of Cisco Systems Inc. in San Jose, California May 6, 2008. REUTERS/Robert GalbraithReuters - Cisco Systems Inc posted a stronger-than-expected profit for its fiscal first quarter and said a recovery in business was well under way because customers are investing in network equipment again after cutting back for the past year.



Zumiez Oct. sales comparison drops 8.9 percent (AP)
November 4, 2009 at 6:24 pm

AP - Sports apparel and equipment retailer Zumiez Inc. on Wednesday said sales at stores open at least a year fell 8.9 percent in October.

Senate approves aid for jobless, homebuyers (Reuters)
November 4, 2009 at 6:02 pm

Reuters - U.S. Senate voted on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.

Pulte Homes, Merck, Garmin are big movers (AP)
November 4, 2009 at 4:36 pm

AP - The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:

GMAC posts Q3 loss, hurt by mortgage unit (Reuters)
November 4, 2009 at 4:32 pm

Reuters - GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, posted a third straight quarterly loss on Wednesday, hurt by red ink in its mortgage business.

Study: Alabama income tax on working poor harshest (AP)
November 4, 2009 at 2:56 pm

AP - A national study released Wednesday showed Alabama makes families living in poverty pay higher income taxes than any other state.

Intel hit by NY antitrust suit, kickbacks alleged (Reuters)
November 4, 2009 at 2:28 pm

New York Attorney General Andrew Cuomo in New York June 5, 2008. REUTERS/Chip EastReuters - Intel Corp was sued by New York Attorney General Andrew Cuomo, who accused the world's largest chipmaker of threatening computer makers and paying billions of dollars in kickbacks to maintain its market dominance.



(AP)
November 4, 2009 at 2:19 pm

AP - Fed pledges to hold rates at record-low levels for 'extended period,' says economy picked up.

GMAC Financial Services 3Q loss narrows (AP)
November 4, 2009 at 11:03 am

FILE - In this April 30, 2009 file photo, a GMAC sign is shown at a GM/Chrysler dealership in Oakland, Calif. GMAC Financial Services said on Wednesday, Nov. 4, 2009, its net loss narrowed in the third quarter as its auto-lending unit turned a profit.(AP Photo/Paul Sakuma, file)AP - GMAC Financial Services, the main lender for General Motors Co. and Chrysler Group LLC, said Wednesday its loss narrowed to $767 million in the third quarter, as its auto lending unit made money while its home mortgage unit reported another loss.



Services sector grows, job losses decline (Reuters)
November 4, 2009 at 10:42 am

Workers build the 2010 Ford Taurus at the Ford assembly plant in Chicago, Illinois August 4, 2009. REUTERS/Frank PolichReuters - The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday.



Review: 'SuperFreakonomics' as fun as predecessor (AP)
November 4, 2009 at 9:58 am

AP - "SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance" (William Morrow, 320 pages. $29.99) by Steven D. Levitt and Stephen J. Dubner: In their 2005 book "Freakonomics," economist Steven D. Levitt and journalist Stephen J. Dubner used dozens of interesting anecdotes to prove a simple point: "People respond to incentives."

Time Warner posts lower profit, but raises outlook (Reuters)
November 4, 2009 at 6:26 am

Reuters - Time Warner Inc posted lower quarterly profit, but results surpassed expectations, and the media powerhouse raised its full-year earnings forecast in a sign that advertising sales are showing life.

Makeover for retailer M&S as profits stay flat (AFP)
November 4, 2009 at 6:24 am

A Marks and Spencers retail store in Loughton, east of London. Marks and Spencer will begin selling grocery and household products featuring top brand names across all of its stores in Britain alongside its own-labelled goods, the retailer said Wednesday.(AFP/File/Shaun Curry)AFP - Marks and Spencer will begin selling grocery and household products featuring top brand names across all of its stores in Britain alongside its own-labelled goods, the retailer said Wednesday.



Kraft faces tougher Cadbury pitch after results (Reuters)
November 4, 2009 at 6:09 am

A box of Kraft Macaroni and Cheese is pictured in Burbank, California May 4, 2009. REUTERS/Fred ProuserReuters - Kraft faces a tougher task winning over Cadbury shareholders in its bid battle after disappointing results late Tuesday cut analyst estimates of what it could afford to pay for Cadbury.



Stock futures signal gains ahead of Fed decision (Reuters)
November 4, 2009 at 5:48 am

Traders work on the floor of the New York Stock Exchange, October 29, 2009. REUTERS/Brendan McDermidReuters - Stock index futures pointed to a higher opening on Wall Street on Wednesday as investors awaited the Federal Reserve's statement on interest rates and the economy.



Toyota to quit Formula one: report (Reuters)
November 4, 2009 at 1:47 am

A man walks past a promotional panel bearing a picture of Toyota Formula One driver Timo Glock at its showroom in Tokyo November 4, 2009. REUTERS/Kim Kyung-HoonReuters - Toyota Motor (7203.T) is set to announce its withdrawal from Formula One racing after this year, Japan's Mainichi newspaper reported Wednesday.



Fed seen staying on easy-money path (Reuters)
November 4, 2009 at 1:14 am

A man walks in front of the U.S. Federal Reserve building in Washington, June 24, 2009. REUTERS/Jim YoungReuters - The Federal Reserve on Wednesday is expected to reaffirm its intention to keep U.S. interest rates at ultra-low levels for a long time to support the economy, even as signs of recovery accumulate.



Dollar edges down, Asia stocks up before Fed (Reuters)
November 4, 2009 at 1:06 am

A man rides an escalator as a stock quotation board is reflected in a window in Tokyo November 2, 2009. REUTERS/Toru HanaiReuters - The dollar lost ground on Wednesday after hitting a one-month high against a basket of currencies, while Asian stocks edged higher in muted trade ahead of central bank meetings that kept investors wary.



October sales improve but remain tepid (AP)
November 4, 2009 at 12:01 am

AP - U.S. retail sales figures from a key data service show signs of a rebound in October from last year's plunge.

Buffett joins Goldman bid for Fannie Mae tax credits (Reuters)
November 3, 2009 at 9:44 pm

Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) has joined Goldman Sachs Group Inc in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.
 

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