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Latest business news
Tuesday October 21st 2014: Latest financial news from the worldWall St. gains on Apple; S&P up for fourth straight day
By Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with the S&P 500 on track for a fourth straight session of gains as Apple and Texas Instruments rallied after their results. The results lifted the tech-heavy Nasdaq index up more than 1 percent, while the Dow's gains were limited following disappointing results from Coca-Cola. The S&P 500 has gained 3.2 percent over the past four sessions, rebounding after a four-week decline that took the benchmark index down nearly 10 percent from its intraday record. ...
Total CEO de Margerie killed in Moscow as jet hits snow plow
By Vladimir Soldatkin and James Regan MOSCOW/PARIS (Reuters) - Christophe de Margerie, the charismatic and outspoken chief executive of the French oil company Total , was killed when his private jet hit a snow plow as it was taking off from Moscow's Vnukovo airport on Monday night. His death leaves a void at the top of one of the world's biggest listed oil firms at a difficult time for the industry as oil prices fall and state-backed competitors keep them out of some of the best oil exploration territory. ...
Coca-Cola Co profit falls; company expands cost-cutting
By Anjali Athavaley (Reuters) - Coca-Cola Co said on Tuesday that its quarterly profit fell 14 percent as sales of carbonated beverage volumes in North America declined. The company, whose shares fell 4 percent, also said it expected to miss its long-term earnings growth target in 2014, due in part to currency fluctuations. It forecast a 6 percentage point impact from currency on full-year operating income, which is on the high end of the outlook the company gave last quarter. The world's largest beverage maker said net income for the third quarter ended Sept. 26 declined to $2. ...
U.S. existing home sales hit one-year high, prices up
By Lucia Mutikani WASHINGTON (Reuters) - U.S. home resales jumped to their highest level in a year in September, the latest indication that the housing market recovery is gradually getting back on track. The National Association of Realtors said on Tuesday existing home sales rose 2.4 percent to an annual rate of 5.17 million units, the strongest reading since September of last year. Economists polled by Reuters had forecast sales rising to a 5.10 million unit pace last month from August's 5.05 million unit pace. Sales, however, were down 1.7 percent compared to September of last year. ...
Staples says probing possible payment card data breach
(Reuters) - Staples Inc is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyberattack. "Staples is in the process of investigating a potential issue involving credit card data and has contacted law enforcement," company spokesman Mark Cautela said in a statement late Monday. The office-supply retailer disclosed the investigation after security reporter Brian Krebs reported on his blog Krebsonsecurity. ...
EU fines JPMorgan, UBS, Credit Suisse total $120 million
BRUSSELS (Reuters) - The European Commission fined JPMorgan , UBS and Credit Suisse a total of 94 million euros ($120 million) on Tuesday for taking part in cartels in the financial sector. JPMorgan received a 61.7 million euro fine for rigging the Swiss franc Libor benchmark interest rate between March 2008 and July 2009. It was also fined 10.5 million euros for participating in a cartel on Swiss franc interest rate derivatives. UBS' penalty in the derivatives cartel came to 12.7 million euros and that of Credit Suisse was 9.2 million euros. ...
Tough U.S. rivalries, China food scandal pound McDonald's
(Reuters) - McDonald's Corp's - which has not given investors many reasons to sing the fast-food chain's "I'm lovin' it" jingle - on Tuesday said quarterly profit dropped by nearly one-third and warned that global restaurant sales will fall again in October. Stock in the company, which attracted fewer customers during the third quarter, was off 0.6 percent at $91.05 in early trading. McDonald's net income slid 30 percent to $1.07 billion, or $1.09 per share, for the quarter ended Sept. 30. ...
NY Fed spotted JPMorgan 'Whale' risks four years before scandal: report
WASHINGTON (Reuters) - The New York Federal Reserve knew about risks J.P. Morgan faced from certain credit derivative exposure as early as 2008, but failed to act properly to head them off, the central bank's inspector general said on Tuesday. The Fed's Office of Inspector General said one of the key flaws it uncovered in its probe of the so-called London Whale case was the New York Fed's over-reliance on certain personnel, who left the supervisory team in 2011. That created a "significant loss of institutional knowledge" within the New York Fed team assigned to inspecting J.P. ...
Verizon posts higher revenue, falls short of profit estimates
By Marina Lopes WASHINGTON (Reuters) - Verizon Communications Inc on Tuesday posted lower-than-expected quarterly earnings, but revenue rose as it added customers to its wireless business. Verizon reported third-quarter profit of 89 cents per share, up from 78 cents per share a year earlier. Revenue rose 4.3 percent to $31.6 billion. Analysts, on average, expected a profit of 90 cents per share on revenue of $31.58 billion, according to Thomson Reuters I/B/E/S. In the quarter, Verizon, the largest U.S. wireless carrier, added 1. ...
Apple seen riding higher on strong iPhone demand, iPad rebound
(Reuters) - Strong global demand for Apple Inc's iPhone 6 will drive revenue growth through 2015, while updated models should help reverse three straight quarters of declining iPad sales, analysts said. Apple shares were set to open 2.4 percent higher on Tuesday. The company posted better-than-expected revenue on Monday on the back of a record iPhone launch that saw 39 million of the smartphones sold in the September quarter. ...
Verizon misses Q3 mark as it shrugs off rivals' promotions
Verizon misses Q3 expectations as it shirks off rival promotional offers
The 80/20 View of the Unconscious
Have you ever had the experience of finding a problem insoluble, giving up, and then having the answer come back to you when you were not thinking about it and least expected it? Henri Poincaré, the great French mathematician, solved a particular tricky issue, that had eluded him for years, while boarding a bus. Bertrand Russell reached a...
What Apple isn't telling us anymore
Tomorrow Daily 071: Ashes in space, a big 'Avengers' prop for RDJ, and nuclear fusion reactors
On today's show, we're discussing a new, 17-mile-high way to scatter your loved one's ashes, how Robert Downey Jr. ended up with a huge "Avengers" prop, and Lockheed Martin's progress on compact nuclear fusion.>
Dish loses 7 channels in contract dispute with Turner Broadcasting
Note the Features of the GALAXY Note 4: S Pen
If you haven’t tried the S Pen yet, you might think it’s an acquired taste. Well … you’re right in the sense that once you get a taste of the S Pen, it will be …
Asia-based taxi booking app GrabTaxi raises $90 million in funding
Staples probes potential theft of customer credit card data
Professor Wozniak takes on new role at Australian university
Robot can perform brain surgery through the patient's cheek
Build a Movement, Not a Brand
Crowds are never a good thing for business unless it's outside your front door. How do you stand out in today's tech drenched smartphone in hand world full of noisy content?It's about the Truth. Ignore the "too much information" syndrome.Huddle the team and have someone write this stuff down.How does our product make the customer's life...
Apple clarifies Spotlight Suggestions data collection practices
Amazon strikes new e-book deal with Simon & Schuster
Apple Watch most exciting wearable on the horizon, consumers say
Samsung donates 3,000 smartphones in support of the fight against Ebola
Samsung donates 3,000 smartphones in support of the fight against Ebola Donated smartphones to be used in UN project for three worst-hit African countries Samsung Electronics announced that the company will donate 3,000 smartphones, worth about USD 1 million, to …
LG to launch new phone with its own 'Odin' AP
Drone captures stunning footage of killer whales
Sen. Feinstein urges San Francisco not to pass 'Airbnb law'
Samsung Electronics Starts Mass Production of Industry’s First 8-Gigabit DDR4 Based on 20 Nanometer Process Technology
Summary: • Samsung begins to mass produce the industry’s most advanced 8-gigabit (Gb) DDR4 memory and 32-gigabyte (GB) module, manufactured based on a new 20-nanometer (nm) process technology, for use in enterprise servers. Samsung Electronics Starts Mass Production of …
Samsung Galaxy Devices based on KNOX platform are the First Consumer Mobile Devices NIAP-Validated and Approved for U.S. Government Classified Use
Samsung Galaxy Devices based on KNOX platform are the First Consumer Mobile Devices NIAP-Validated and Approved for U.S. Government Classified Use Samsung’s entry onto the Commercial Solutions for Classified Program Components List proves that …
Microsoft CEO Nadella: Company has no pay gap between men, women
Man falls into sea on live TV while possibly taking selfie
Pokémon teams up with manga horror legend Junji Ito to ruin your childhood
Could robots aid in the Ebola fight?
Apple's role reversal: 'Mature' Mac outpaces iPad in revenue
Guy says his iPhone 6 bent -- and caught on fire
Readers' reactions: Why are cell phone batteries so behind the times?
How to get started with Apple Pay
iPhone 6, iPhone 6 Plus may be tough to find through the holidays
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