News Archive
National | Wed, Feb 27, 2013

Daimler AG, the world’s third-biggest maker of luxury cars, nominated former Avon Products Inc. (NYSE: AVP) Chief Executive Officer Andrea Jung to the supervisory board in an effort to increase female representation.

The fight for women's equality first had to argue that it was a fight worth having.

Wal-Mart Stores Inc. (NYSE: WMT), the world’s largest retailer, was sued by five Wisconsin women who claim the company denied them and other female employees equal pay and equal opportunities.

Apple Inc. shareholders re-elected the company’s board and approved a non-binding measure on the company’s executive compensation policy.

Contracts to purchase previously owned U.S. homes climbed in January, a sign the industry will keep strengthening this year.

Stocks rose, sending the Dow Jones Industrial Average to the highest level in five years, as better-than-estimated housing data bolstered economic optimism and European shares rebounded amid gains in Italian bonds.

After eight years as a guidance counselor at Scotts Valley High School and more than 14 years with the district in Santa Cruz County, Calif., Kimberly Frey says she lost her job in June as part of budget cuts.

The Dow came within 60 points of its all-time high Wednesday as it rose sharply for a second straight day.

Herbert Crockett called Cairo, Geneva and New Delhi home in his four decades as a human resources executive with the World Health Organization.

Orders for durable goods excluding transportation equipment climbed in January by the most in a year, showing companies are planning to expand capacity as they look beyond the budget impasse in Washington.

Small businesses across the country can expect to feel some pain if $85 billion in federal budget cuts go into effect on Friday.

Feb. 27 (Bloomberg) -- West Texas Intermediate oil rose in New York as U.S. durable goods and housing data exceeded forecasts, signs an economic rebound may spur fuel demand.

Markets rebounded on Wednesday as the immediate fallout from the inconclusive Italian elections faded and investors greeted a raft of positive economic news from both sides of the Atlantic.

Feb. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said recent increases in some interest rates may signal the economy is gaining vigor.

First Solar Inc., the largest maker of thin-film solar panels, said its “expected revenue” fell 15 percent last year and its goal for this year is to avoid slipping further.

Some Republicans haven’t gotten to the first step: the one where you admit there’s a problem. In a roundup of reactions to the 2012 U.S. presidential election by the magazine Commentary, for example, conservative writer Wilfred McClay says Republican worriers are “wildly overwrought” because the 2012 election was “close.”

The life of Park Geun Hye, South Korea’s just-inaugurated first female president, has so far been bookended by two larger-than-life men of debatable success.

The White House conceded Wednesday that efforts to avoid automatic budget cuts are unlikely to succeed before they kick in and is initiating new talks with congressional leaders to confront seemingly intractable tax-and-spend issues.

Top European Union officials are holding eleventh-hour discussions on a package of financial laws that would include a firm cap on bankers' bonus payments.

Target's Neiman Marcus collaboration did not turn out to be a holiday gift to the retailer.

Feb. 27 (Bloomberg) -- As erstwhile smartphone leader Nokia Oyj fails to gain much headway on Apple Inc. and Samsung Electronics Co., the Finnish company is setting its sights on a weaker rival: BlackBerry.

Feb. 27 (Bloomberg) -- Inc., the biggest online travel agency by market value, rose the most in a month after revenue growth in international markets pushed fourth- quarter profit past analysts’ estimates.

Feb. 27 (Bloomberg) -- Microsoft Corp. and Google Inc. have no intention of leaving wireless customers in emerging markets to the new Firefox operating system, which phone companies said they hope to establish as a rival platform.

Feb. 27 (Bloomberg) -- Victories by Connecticut and Illinois in lawsuits against Standard & Poor’s over ratings on securities will bolster other state cases, attorneys general for those two states said.

Auto parts supplier Federal-Mogul's fourth-quarter loss narrowed as it dealt with ongoing softness in Europe.

Feb. 27 (Bloomberg) -- Inc., provider of an online marketplace for video advertising, is in discussions with investment bankers for a potential initial public offering, according to two people familiar with the matter.

Feb. 27 (Bloomberg) -- Billionaire Carlos Slim overpriced his most recent initial public offering, said Mark Mobius, executive chairman of Templeton Emerging Markets Group.

Feb. 27 (Bloomberg) -- Zogenix Inc., the drugmaker seeking to bring the first pure hydrocodone painkiller to market, rose the most ever on increased investor expectations of U.S. regulatory approval.

Feb. 27 (Bloomberg) -- The two busiest U.S. airports may have to close runways and limit arriving flights if automatic budget cuts cause furloughs of air-traffic controllers, Federal Aviation Administrator Michael Huerta said.

Wonder bread is one step closer to returning to school lunchboxes.

Facing criticism from Republican lawmakers, Chairman Ben Bernanke stood behind the Federal Reserve's low-interest-rate policies Wednesday and sought to reassure Congress that the central bank has a handle on the risks.

Indiana Gov. Mike Pence has signed into law a one-year delay on new calculations for property taxes on farmland.

Experts at the Federal Aviation Administration are expected to say next week whether they recommend accepting Boeing's plan to fix its troubled 787 Dreamliners so the planes can resume flying, the agency head said Wednesday.

Feb. 27 (Bloomberg) -- Dorothee Blessing, who rose to become co-head of investment banking for Germany and Austria at Goldman Sachs Group Inc. in a career spanning two decades, is leaving the U.S. investment bank and securities firm.

Feb. 27 (Bloomberg) -- Fast Retailing Co., Asia’s largest apparel seller, and Nissan Motor Co. are among the Japanese companies that do the most to empower female employees, according to the Tokyo Stock Exchange.

Feb. 26 (Bloomberg) -- German industry groups representing thousands of companies and small businesses voiced their opposition to gender quotas imposed by the European Union, which they say would impinge on shareholder rights and be illegal.

Japanese manufacturing showed signs of recovery in January, with industrial production up 1 percent from the month before but down 5.1 percent from a year earlier.

The Supreme Court says the federal government doesn't get more time to sue for securities fraud.

A court in the northern Greek city of Thessaloniki has convicted three of the city's former top officials, including a former mayor, and sentenced them to life imprisonment for embezzling more than (euro) 17 million from the municipality.

China's first aircraft carrier has docked at its new permanent base in the northern port of Qingdao, where it will be responsible for operations in waters surrounding Japan and the Korean Peninsula, media reports said Wednesday.

TJX, parent company of TJ Maxx and Marshalls clothing stores, said Wednesday that its net income climbed 27 percent in the fourth quarter as more shoppers headed to its stores during the crucial holiday season.

The European Union's antitrust authority on Wednesday blocked Ryanair's renewed bid to take over rival Irish carrier Aer Lingus, ruling that it would undermine competition and drive up ticket prices.

The nation's crude oil supplies rose last week, the government said Wednesday.

Orders for U.S. factory goods that signal business investment plans jumped last month by the most in more than a year, suggesting companies are confident about their business prospects.

Recent mass shootings like the massacre of first-graders and staffers at a Connecticut elementary school and the increasing deadliness of assault weapons makes a ban on those firearms more urgent than ever, the Senate author of a proposal to prohibit them said Wednesday.

ITT Corp. said Wednesday that it posted fourth-quarter net income of $32.4 million in contrast to a loss a year ago that included hefty charges related to its split into three separate companies.

A measure of the number of Americans who signed contracts to buy homes rose in January from December to the highest level in more than 2 { years. The increase suggests sales of previously occupied homes will continue rising in the coming months.

Feb. 27 (Bloomberg) -- Last week, the Federal Reserve’s quantitative easing was about to undergo some quantitative adjustment. At least that was the take-away from the minutes of the Jan. 29-30 meeting, suggesting that Fed policy makers were starting to view the costs of long-term asset purchases as outweighing the benefits.

Carter's fourth-quarter net income rose 40 percent, driven by strong sales of its namesake brands and strength overseas during the critical holiday season. Its performance beat Wall Street's expectations.

The tale of a mysterious Nevada recluse's gold has reached a new chapter when a portion of the trove raked in more than $3.5 million at auction.

What could possibly go wrong?

Discount retailer Dollar Tree Inc. said Wednesday its net income increased nearly 22 percent in the fiscal fourth quarter as consumers spent more at its stores, which sell goods for $1 or less, and it benefited from an extra week of sales.

Clearwire's main asset is its wireless spectrum _ space on the airwaves -- that could be used to provide high data download speeds. Those are a crucial competitive factor in today's wireless industry. But Clearwire's frequencies are difficult to use. They require many cell towers to cover an area, and the signals don't penetrate well into buildings.

Pope Benedict XVI basked in an emotional send-off Wednesday from an estimated 150,000 people at his final general audience in St. Peter's Square, recalling moments of “joy and light” during his papacy and also times of difficulty when “it seemed like the Lord was sleeping.”

The United States is looking for more tangible ways to support Syria's rebels and bolster a fledgling political movement that is struggling to deliver basic services after nearly two years of civil war, U.S. Secretary of State John Kerry said Wednesday.

The newly elected Democratic nominee to replace disgraced former Rep. Jesse Jackson Jr. vowed to become a leader in the fight for federal gun control and directly challenged the National Rifle Association in her victory speech.

Taliban insurgents poisoned, then shot and killed 17 people as they slept at a local police post in eastern Afghanistan, one of two attacks in as many days targeting Afghan security forces, an official said Wednesday.

Feb. 27 (Bloomberg) -- “Searching for Sugar Man,” a movie about a musician from the 1970s who was a celebrity without knowing it, is a deserving winner of this year’s Oscar for best documentary. As much as I loved it, though, this week I’ve another documentary on my mind and make no apologies for drawing your attention to it.

A grove of ancient giant sequoias in Yosemite National Park is no place for a tram ride, gift shop and asphalt parking lots, say officials who are looking to have them removed.

Feb. 28 (Bloomberg) -- West Texas Intermediate oil traded near the highest level in two days after rising for the first time this week. U.S. crude stockpiles increased for a sixth week, according to a government report.

Wed, Feb 27, 2013