Thursday, October 22, 2009

10/23 Yahoo! News: Business

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Amazon soars above Street view, shares skyrocket (Reuters)
October 22, 2009 at 7:03 pm

A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. REUTERS/Rick WilkingReuters - Amazon.com Inc on Thursday posted quarterly profit that handily beat Wall Street estimates and said holiday sales could come in far above expectations, sending its shares up 15 percent to their highest level in nearly a decade.



Messier, Bronfman told to stand trial in Vivendi case (Reuters)
October 22, 2009 at 5:28 pm

Jean-Marie Messier the former head of French media and telecoms giant Vivendi Universal leaves the Elysee Palace in Paris, January 18, 2008. REUTERS/Charles PlatiauReuters - Former Vivendi boss Jean-Marie Messier and the head of Warner Music Group Edgar Bronfman Jr have been told to stand trial on various charges of financial wrong doing, according to a court document obtained by Reuters.



Wal-Mart projects store growth (AP)
October 22, 2009 at 3:11 pm

AP - Wal-Mart Stores Inc., the world's largest retailer, has pledged to investors solid revenue growth for the current fiscal year and faster growth next year. It also said it will concentrate on emerging markets when it opens new stores.

U.S. takes aim at executive pay (Reuters)
October 22, 2009 at 3:00 pm

A man protests outside the New York Stock Exchange, October 13, 2008. REUTERS/Shannon StapletonReuters - U.S. officials on Thursday took aim at generous executive pay packages, saying it was offensive that firms receiving substantial taxpayer aid paid their officers and other top employees so lavishly.



Jobless claims, future gauge of economy rise (Reuters)
October 22, 2009 at 2:09 pm

Transportation Security Administration (TSA) recruiter Terry Melvin (L) speaks with a prospective employee as other job hunters line up behind her at a job fair in a Washington hotel August 6, 2009. REUTERS/Jason ReedReuters - A bigger-than-expected rise in the number of U.S. workers filing new claims for jobless aid last week signaled the labor market remained fragile, even as a measure of economic prospects hit a two-year high last month.



The Right Insurance Policy for You (The Motley Fool)
October 22, 2009 at 1:49 pm

The Motley Fool - If you are single, or one-half of a two-income, no-dependents household, you probably won't need much life insurance, if any. With a little planning, you can establish a low-risk savings fund to cover funeral costs, and invest the money you would have paid for insurance premiums.

Rates on 30-year loans inch up to 5 percent (AP)
October 22, 2009 at 12:17 pm

AP - Rates for 30-year home loans have inched up, hitting 5 percent for the first time in nearly a month after bond yields edged up.

Cost cuts at Big Pharma fail to excite (Reuters)
October 22, 2009 at 11:52 am

Reuters - Cost cuts helped drugmakers shore up profits in the third quarter, but concerns over sustainable revenue growth continues to worry investors.

Stock futures point to lower open (Reuters)
October 22, 2009 at 9:10 am

A trader sits outside the New York Stock Exchange October 6, 2008. REUTERS/Shannon StapletonReuters - Stock futures were poised for a slightly lower open on Thursday after the government said new jobless claims rose more than expected and a slew of big corporate earnings reports, including UPS, 3M, Dow Chemical and Merck.



Rise in new jobless claims signals soft labor market (Reuters)
October 22, 2009 at 9:00 am

Transportation Security Administration (TSA) recruiter Terry Melvin (L) speaks with a prospective employee as other job hunters line up behind her at a job fair in a Washington hotel August 6, 2009. REUTERS/Jason ReedReuters - The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, data showed on Thursday, indicating the labor market remains fragile despite signs of economic revival.



AT&T results top estimates with iPhone help (Reuters)
October 22, 2009 at 8:41 am

Reuters - AT&T Inc reported stronger-than-expected third quarter profit as the wildly popular iPhone helped it land a record number of new wireless customers for the period, sending its shares up 3.7 percent.

J. Crew boosts profit outlook as sales improve (AP)
October 22, 2009 at 8:11 am

AP - Clothing retailer J. Crew Group Inc. significantly boosted its fiscal third-quarter profit forecast on Thursday, citing better-than-expected sales and margins.

World markets drop on China growth worrries (AP)
October 22, 2009 at 6:38 am

A trader works on the floor of the New York Stock Exchange, October 14, 2009. REUTERS/Brendan McDermidAP - World stock markets fell sharply Thursday as investor optimism was dented by a broker downgrade of U.S. bank Wells Fargo and concerns about future Chinese economic growth.



Microsoft launches Windows 7 (Reuters)
October 22, 2009 at 5:05 am

Reuters - Microsoft Corp launched Windows 7 on Thursday in its most important release for more than a decade, aiming to win back customers after the disappointing Vista and strengthen its grip on the PC market.

Credit Suisse upbeat after topping Q3 forecasts (Reuters)
October 22, 2009 at 3:54 am

Reuters - Credit Suisse Group AG said it was upbeat about its prospects after exceeding third-quarter net profit forecasts by a wide margin thanks to a solid investment banking performance and good client inflows.

Top pay at bailed out companies to be cut (Reuters)
October 22, 2009 at 2:47 am

Reuters - Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday.

Asia shares fall, dollar gains after China data (Reuters)
October 22, 2009 at 2:29 am

Employees work at the assembly line at Anhui Jianghuai Automobile Co. Ltd. in Hefei, Anhui province, October 21, 2009. REUTERS/StringerReuters - Asian shares fell on Thursday amid disappointment that robust Chinese growth data offered few surprises, but the dollar gained some respite as an expected shift to higher-yielding currencies failed to materialize.



JAL's net loss may balloon to $5.5 billion: media (Reuters)
October 22, 2009 at 1:17 am

Reuters - Japan Airlines' (JAL) (9205.T) net loss may balloon to about 500 billion yen ($5.5 billion) for the year to March as the heavily indebted carrier, Asia's largest by revenue, plans to book hefty restructuring charges, the Yomiuri newspaper reported on Thursday.
 

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