NEWS ARCHIVE
NATIONAL | Tue, Oct 30, 2012

While its caramel frappuccinos and pound cake haven’t helped Americans’ waistlines, Starbucks Corp. says its juice can.


A decade after George Lucas said “Star Wars” was finished on the big screen, a new trilogy is destined for theaters after The Walt Disney Co. announced Tuesday that it was buying Lucasfilm Ltd. for $4.05 billion.


U.S. equity markets are scheduled to reopen todat after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York on Monday.


Apple Inc. said mobile software head Scott Forstall and retail chief John Browett are departing as Chief Executive Officer Tim Cook embarks on a sweeping management overhaul at the world’s most valuable company.


Millions of people from Maine to the Carolinas waited wearily for the power to come back on Tuesday, and New Yorkers found themselves all but cut off from the modern world as the U.S. death toll from Superstorm Sandy climbed to 40, many of the victims killed by falling trees.


Hurricane Sandy knocked out a quarter of the cell towers in an area spreading across ten states, and the situation could get worse, federal regulators said Tuesday.


The U.S. Supreme Court raised questions about the multibillion-dollar trade in goods outside authorized distribution channels, hearing arguments in the case of a graduate student sued for selling foreign-edition textbooks in the U.S. at discount prices.


Several U.S. Supreme Court justices suggested that a group of lawyers and civil rights activists should have the right to challenge a federal law allowing government surveillance of international phone calls and email.


Europe may have lost its appetite for new cars, but buyers in America and China propelled Ford to a better-than-expected profit in the third quarter.


(Bloomberg) -- Simon Property Group Inc. (NYSE: SPG), the largest mall owner in the United States, and Brookfield Office Properties Inc. (NYSE: BPO) said Atlantic superstorm Sandy appears to have caused minimal damage to their properties.


The price of gasoline fell Tuesday after Hurricane Sandy left a wide swath of flooding, power outages and disrupted transportation in the eastern U.S.


Concentradora Fibra Hotelera Mexicana SA, which is poised to become the second real-estate investment trust traded in Mexico, will seek to raise about 3.5 billion pesos ($272 million) in an initial public offering this year, according to two people familiar with the transaction.


Residential real-estate prices increased in the year ended August by the most in two years, a sign housing will continue to boost U.S. economic growth.


Oct. 30 (Bloomberg) -- Ford Motor Co., the second-largest U.S. automaker, said third-quarter profit exceeded estimates, slipping 1.1 percent, as its North America unit delivered record profits that made up for higher taxes and losses in Europe.


HCP Inc., a real estate investment trust which invests in health care facilities, said Tuesday its funds from operations improved in the third quarter as it received more revenue from resident fees and services.


The U.S. real estate recovery that’s gained strength this year faces a setback from flooding and property damage inflicted by Hurricane Sandy, the biggest tropical gale to hit the Atlantic seaboard.


Former Gov. Bill Richardson, who championed development of New Mexico's spaceport, is going to work for California's spaceport.


(Bloomberg) -- Home sales in Mumbai, India’s most expensive property market, fell in the quarter ended September as record prices crimped affordability, according to Liases Foras Real Estate Rating & Research Pvt.


(Bloomberg) -- The rally that sent real estate company bond yields in Dubai to record lows risks petering out because the emirate’s property recovery may not be broad enough to justify further price gains.


Who would you rather weather a storm with?


(Bloomberg) -- U.S. residential vacancy rates fell in the third quarter as the growth in households outpaced construction, the Census Bureau reported.


Couldn’t the San Francisco Giants, representatives of the second-wealthiest U.S. metropolitan area, manage to lose at least one World Series game to the Detroit Tigers, the standard-bearers for one of the most troubled U.S. urban areas?


One-issue voters have always seemed like cranks to me. It’s natural enough to have priorities, but who thinks one of them is more important than all the other political issues combined?


Oct. 29 (Bloomberg) -- The U.S. Supreme Court agreed to decide whether three energy companies are entitled to more than $500 million in tax credits for payments their subsidiaries made to the U.K. government during the 1990s.


Oct. 30 (Bloomberg) -- European stocks rose and the euro strengthened after results from BP Plc and Deutsche Bank AG beat analyst estimates. U.S. equity-index futures pared declines as Hurricane Sandy shut equity trading for the longest weather- related interruption since 1888.


Oct. 30 (Bloomberg) -- Oil traded near the lowest level in almost four months in New York and headed for the biggest monthly decline since May after refiners reduced operations on the U.S. East Coast because of Atlantic storm Sandy.


Oct. 30 (Bloomberg) -- Treasury futures traded near a two- week high as cash bond markets were closed due to the risk posed by tropical cyclone Sandy.


Oct. 30 (Bloomberg) -- World wine production is forecast to fall 6.1 percent in 2012, with smaller crops in France, Argentina, Hungary and New Zealand, the International Organisation of Vine and Wine said.


Oct. 30 (Bloomberg) -- International Business Machines Corp. increased its stock repurchase fund by 75 percent to $11.7 billion and said it plans to ask the board to authorize more in April as it seeks to improve shareholder returns.


Oct. 30 (Bloomberg) -- UBS AG, Switzerland’s biggest bank, boosted its profitability goal and announced plans for about 10,000 job cuts as Chief Executive Officer Sergio Ermotti moved to shrink the investment bank and focus on wealth management.


Fresh Del Monte Produce Inc. said Tuesday its net income nearly doubled in the third quarter after it took control of the marketing, sales and distribution of its products in southern Europe.


Oct. 30 (Bloomberg) -- Federal Reserve Chairman Ben Bernanke calculates that the benefits of a third round of quantitative easing will outweigh the negatives.


Warren Buffett's company said Tuesday that it is buying the Prudential and Real Living real estate franchise and launching a new brokerage brand for those agents.


Oct. 30 (Bloomberg) -- Bayer AG agreed to buy Schiff Nutrition International Inc. for $1.1 billion to add a faster- growing vitamins and nutritional supplements business to the German drugmaker’s consumer-health unit.


Oct. 30 (Bloomberg) -- New York’s subway system may take weeks to be restored to full service as officials assess the toll from floods, hurricane-force winds and electrical damage that crippled the most populous U.S. city’s transportation hub.


American Airlines said Tuesday that the first flight of its newest plane will be delayed seven weeks because of a production problem in the first-class cabin.


Earthlink Inc.'s third-quarter profit fell sharply but the company boosted its full-year outlook as it made progress in shifting its focus toward information technology services.


Oct. 30 (Bloomberg) -- Google Inc. announced a new lineup of mobile devices, using alliances with South Korean electronics makers Samsung Electronics Co. and LG Electronics Inc. to step up a challenge to Apple Inc. tablets and smartphones.


Former Anheuser-Busch CEO August Busch IV will pay $1.75 million to settle a wrongful death lawsuit filed over his ex-girlfriend's accidental drug overdose death under an agreement approved Tuesday.


The sleek, white superyacht glistens under a gray autumnal sky, a posthumous testament to the design aesthetic of Steve Jobs.


Scarred by scandals and losses, Swiss bank UBS unveiled Tuesday a plan to overhaul its global operations that will see it cut thousands of jobs as it drops risky trading activities and restructures its investment banking unit.


Oct. 30 (Bloomberg) -- An indicator of stress in short- term, unsecured euro loans between banks rose, extending its first weekly increase since June.


Oct. 30 (Bloomberg) -- Danske Bank A/S reported a third- quarter profit as Denmark’s largest lender unveiled plans to cut 3,000 jobs and sell 7 billion kroner ($1.2 billion) in shares in order to boost capital buffers.


Oct. 30 (Bloomberg) -- Novartis AG’s Seebri drug for smoker’s cough may be more effective when given twice a day, a finding that could put it at a disadvantage to Boehringer Ingelheim GmbH’s once-daily Spiriva lung treatment.


Oct. 30 (Bloomberg) -- Porsche SE’s victory in fending off the first two investor lawsuits in Germany over allegations the company lied about its failed Volkswagen AG takeover plan haven’t been appealed, a German court said.


Oct. 30 (Bloomberg) -- The European Central Bank and the Bank of Russia have signed a memorandum of understanding to continue their cooperation.


Oct. 30 (Bloomberg) -- Fiat SpA reported a 12 percent gain in third-quarter profit as demand for vehicles made by its Chrysler Group LLC affiliate offset wider losses in Europe.


Oct. 30 (Bloomberg) -- UBS AG is putting about 100 traders at the fixed-income unit in London on special leave today as Switzerland’s largest lender shrinks its investment bank, a person briefed on the plan said.


Oct. 30 (Bloomberg) -- Oil rose from the lowest level in almost four months in New York on speculation that demand will soon rebound after Atlantic superstorm Sandy made landfall on the U.S. East Coast.


Oct. 30 (Bloomberg) -- The dollar fell the most in almost two weeks against the euro amid speculation damage from Atlantic Ocean tropical cyclone Sandy will be less severe than earlier anticipated, damping demand for safer assets.


Oct. 30 (Bloomberg) -- The Labor Department is striving to issue its monthly report on employment in the U.S. in three days as scheduled, a spokesman said today.


Oct. 30 (Bloomberg) -- Superstorm Sandy knocked out power to about 8 million homes and businesses in the U.S. Northeast and forced three nuclear power units to shut, the Energy Department said.


Oct. 30 (Bloomberg) -- The Atlantic storm Sandy left “absolute devastation” in New Jersey, tearing apart seaside resort towns, ripping houses from foundations and littering the state’s turnpike with rail cars and debris, said Governor Chris Christie.


The head of Apple's iPhone software development was asked to resign after he refused to sign a letter apologizing for the flaws of Apple's mapping application, according to a published report.


Oct. 30 (Bloomberg) -- Gasoline stockpiles on the U.S. East Coast may sink to the lowest level since at least 1990 as Hurricane Sandy moves ashore, curtailing fuel production and distribution, based on Energy Department data.


Oct. 30 (Bloomberg) -- The New York Times Co., struggling with shrinking demand for print media and advertising, got a boost from digital subscriptions over the past six months, helping it post a 40 percent increase in weekday circulation.


Oct. 31 (Bloomberg) -- PetroChina Co., the nation’s biggest oil and gas producer, posted its lowest third-quarter profit in at least five years because of refining losses and natural-gas import costs.


Oct. 30 (Bloomberg) -- As Mercedes-Benz falls further behind rivals Bayerische Motoren Werke AG and Audi, it’s looking to a unit that makes sports cars and souped-up versions of its staid sedans to squeeze it back into the fast lane.


Oct. 29 (Bloomberg) -- British lawyer David Doble held a conference at a Frankfurt hotel this month to tell an audience of German Landesbank executives they had good reason to seek punishment for those who rigged interest rates.


Republican presidential candidate Mitt Romney collected relief supplies in Ohio on Tuesday in an attempt to strike the right tone after superstorm Sandy.


The act of Congress is in the books, the bills are paid, the sculptures are being cast, and one of the biggest parades in the world will start a glory tour and countdown to dedication.


A media industry group says U.S. newspaper circulation was almost unchanged in the six months that ended in September.


Evoking harrowing memories of Hurricane Katrina, 300 patients were evacuated floor by floor from a premier hospital that lost generator power at the height of superstorm Sandy.


NEW YORK (AP) _ Stripped of its bustle and mostly cut off from the world, New York was left wondering Tuesday when its particular way of life _ carried by subway, lit by skyline and powered by 24-hour deli -- would return.


MINNEAPOLIS (AP) _ Mitt Romney is suddenly plunging into traditionally Democratic-leaning Minnesota and Pennsylvania, and his GOP allies are trying to put Michigan into play. It's forcing President Barack Obama to defend his own turf _ he's pouring money into television ads in the states and dispatching top backers -- in the campaign's final week.






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Tue, Oct 30, 2012
 

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