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Showing posts from December 21, 2012

NYT Business Afternoon Update (December 21, 2012).: Retailers Try to Adapt to Device-Hopping Shoppers

  Business Afternoon Update Retailers Try to Adapt to Device-Hopping Shoppers By CLAIRE CAIN MILLER and STEPHANIE CLIFFORD Online merchants are trying to figure out how to tie together the several methods a customer may use on the way to buying something. Wall Street Slides After Fiscal Setback By NATHANIEL POPPER Stocks slumped, depressed by the setback late Thursday in Washington on progress toward a budget deal. Media Decoder Blog Murdoch Publishing Wing Shows Loss of $2.1 Billion By AMY CHOZICK News Corporation's regulatory filing gave potential investors a peek at the challenges facing the new entity. Gene-Altered Fish Moves Closer to Federal Approval By ANDREW POLLACK The Food and Drug Administration concluded that a genetically engineered salmon would have "no significant impact" on the environment. Ex-SAC Fund Manager Indicted in Insider Trading Scheme By REUTERS A federal grand jury in New York returned an ind

DealBooK P.M. Edition (December 21, 2012).: Breakup Fees in NYSE's Deal With ICE Show Lessons From Past

Friday, December 21, 2012 TOP STORY Breakup Fees in NYSE's Deal With ICE Show Lessons From Past If the $8.2 billion sale falls apart on antitrust grounds, ICE will owe NYSE Euronext a breakup fee of $750 million. That's about a 9.1 percent breakup fee, on the high side for major deals. DEALBOOK »   DEALBOOK HIGHLIGHTS Weighing the Consequences of a Money Fund Overhaul As regulators press to overhaul money market funds, investors may have to find alternative places to park their cash. Such a shift could have important consequences for the financial system. DEALBOOK » Apollo Unit to Buy Aviva's U.S. Unit for $1.8 Billion A unit of Apollo Global Management agreed on Friday to buy the American operations of Aviva, the British insurer, for about $1.55 billion in cash. DEALBOOK » Pinnacle to Buy Ameristar Casinos for $869 Million Pinnacle Entertainment agreed on Friday to buy Ameristar Casinos for $869 million in cash,

BIV | Today's Business News (December 21, 2012.2): Exclusive: Government deliberately left LDB bidders in dark over privatization cancellation.

Politics and Policy Exclusive: Government deliberately left LDB bidders in dark over privatization cancellation Bureaucrats were given detailed instructions not to tell shortlisted liquor distribution bidders why the privatization was suddenly ...  READ MORE Technology   How much would it cost to use Facebook ad-free? A Vancouver digital marketing agency has uncovered some surprising results in its search to answer that question ...  READ MORE Retail and Manufacturing   Headline-hitting B.C. brewery hires former VBOT boss Fast-growing and controversy-prone brewery PWB has appointed Darcy Rezac, former longtime head of the Vancouver Board of Trade, as its vice-president of ...  READ MORE More News...     Carl’s Jr. set to open first of 25 Metro Vancouver restaurants B2Gold to merge with CGA Mining Engineer sues golf course for $529,000

MarketWatch | Wall Street at Close Report (December 21, 2012).: U.S. stocks slide as budget hopes dim

By Kate Gibson , MarketWatch  NEW YORK (MarketWatch) — U.S. stocks fell sharply on Friday, denting weekly gains, after a Republican proposal to avert the fiscal cliff did not find support, reducing hopes for a budget deal before 2012 ends. ”If there is any policy maker that is not taking the fiscal cliff seriously, he should check with the Congressional Budget Office or check with any economist you can name, because it is very serious and it will lead to a recession if we go off the cliff,” said Hugh Johnson, chairman of Hugh Johnson Advisors LLC. “It’s for real.”  The CBO forecasts a recession in the first half of next year should the White House and Congress fail to reach a deal.  After falling as much as 189 points, the Dow Jones Industrial Average DJIA -0.91%  shed 120.88 points, or 0.9%, at 13,190.84, a level that has it up 0.

ADVFN III World Daily Markets Bulletin (December 21, 2012).

ADVFN I I I World Daily Markets Bulletin   Daily world financial news Friday, 21 December 2012 US Market Stocks Sell Off At The Open Amid Fiscal Cliff Worries Stocks moved sharply lower at the start of trading on Friday amid renewed concerns about the looming fiscal cliff. The major averages showed notable moves to the downside, more than offsetting the modest gains posted in the previous session. The major averages have recently bounced off their lows for the young session but remain firmly negative. The Dow is down 123.44 points or 0.9 percent at 13,188.28, the Nasdaq is down 44.14 points or 1.5 percent at 3,006.25 and the S&P 500 is down 14.65 points or 1 percent at 1,429.04. The sell-off at the open came after House Speaker John Boehner, R-Ohio , scrapped plans to hold a House vote on his "Plan B" legislation due to a lack of support among members of his own party. The legislation would have extended the Bush-era tax cuts for peopl

ADVFN III Evening Euro Markets Bulletin (December 21, 2012).

ADVFN I I I Evening Euro Markets Bulletin Daily world financial news Friday, 21 December 2012 London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Investors take profits ahead of Christmas     Market Movers     techMARK 2,126.82 -0.24%     FTSE 100 5,939.99 -0.31%     FTSE 250 12,362.38 -0.49% While stocks managed to stage a small comeback in afternoon trade, the UK market finished the week on a dull note, with ‘fiscal cliff’ fears dampening the festive cheer ahead of Christmas. “Traders have spent much of the day taking profits ahead of the weekend as the last full trading week of 2012 draws to a close,” said senior sales trader Toby Morris from CMC Markets. “With uncertainty about the outcome of the fiscal cliff talks higher than ever after the fiasco of last night’s cancellation of the Republican vote, investors have adopted a safety first approach

BBC NEWS | Business (December 21, 2012).: Bank reform plans should be tougher, Banking Commission says

Bank reform plans should be tougher, Banking Commission says   The government is moving ahead with legislation to ring-fence banks' retail and investment arms Continue reading the main story Big Banking Explaining the Libor scandal Timeline: Libor-fixing scandal Global banking scandals explained How British banking broke down Government plans to ring-fence the banks - protecting retail banking from the riskier investment side - "fall well short of what is required", a report has warned. The Banking Standards Commission wants the government to "electrify" the fence so banks won't try to "game" the rules. That means regulators having the power to fully break up a bank if it does not follow the ring-fence proposals. The bank reforms will go before Parliament early next year. 'Electrification'   The Parliamentary Commission on Banking Standards, kn