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Business

FAA Revokes Licenses of Northwest Pilots

Wall Street Journal - Andy Pasztor - ‎44 minutes ago‎
Federal aviation regulators revoked the licenses of the two pilots of the Northwest jetliner that failed to respond to radio calls for more than an hour last week during a flight from San Diego to Minneapolis.

UPDATE 2-US home price gains may not be sustainable-Shiller

Reuters - Jennifer Rogers, Leslie Adler - ‎1 hour ago‎
NEW YORK, Oct 27 (Reuters) - The gains in US home prices in recent months may not be sustainable and increases in some areas of the country appear to be in "bubble territory," an economist known for his property market expertise said on Tuesday.

Apollo 4Q Profit Drops 60% On Charges; Shrs Fall On SEC Probe

Wall Street Journal - ‎1 hour ago‎
Apollo Group Inc.'s (APOL) fiscal fourth-quarter profit slumped 60% as the for-profit education company recorded one-time charges for a litigation settlement and a write-off for other assets, which offset a big jump in revenue and higher enrollment ...

Stocks Finish Mixed, with Techs Weak

BusinessWeek - ‎11 minutes ago‎
US stocks closed mixed Tuesday, with gains in blue-chip energy shares Exxon Mobil (XOM) and Chevron (CVX) helping to drive the Dow industrials higher while the Nasdaq slid on a disappointing fourth-quarter forecast from Baidu (BIDU) and overall ...

DreamWorks Animation Net Falls 48% on Late Home-Video Release

Bloomberg - Michael White - ‎52 minutes ago‎
Oct. 27 (Bloomberg) -- DreamWorks Animation SKG Inc., the maker of “Shrek” movies, said third-quarter profit declined 48 percent after its “Monsters vs.

GSI Buys Online Fashion Discounter

New York Times - Brad Stone - ‎1 hour ago‎
SAN FRANCISCO - The idea of holding private Web sales of premium merchandise has gained another convert. GSI Commerce, which manages the Web sites for major retailers like ToysRUs.

E*Trade 3Q Loss Widens On Debt Charge

Wall Street Journal - Brett Philbin - ‎1 hour ago‎
NEW YORK (Dow Jones)--E*Trade Financial Corp.'s (ETFC) third-quarter loss widened on charges related to a vital debt exchange it completed.

Ford links Canada investment to union concessions

Reuters - John McCrank - ‎2 hours ago‎
TORONTO, Oct 27 (Reuters) - Ford Motor Co (FN) told the Canadian Auto Workers that labor costs must come down if the union wants a share of future investment, which the automaker intends to channel to wherever it gets "the biggest bang ...

US House Panel Approves Hedge Fund Adviser Registration At SEC

Wall Street Journal - Fawn Johnson, Sarah N. Lynch - ‎1 hour ago‎
WASHINGTON (Dow Jones)--A bill that would shed more light on hedge funds and other private pools of capital cleared the US House of Representatives' Financial Services Committee Tuesday in a 67-1 vote.

Fisker Automotive to retool GM plant to make electric cars

MarketWatch - Steve Gelsi - ‎2 hours ago‎
NEW YORK (MarketWatch) -- Electric-car start-up Fisker Automotive said Tuesday it'll invest nearly $200 million to buy and retool a former General Motors plant in Wilmington, Del.

Consumer Confidence in US Unexpectedly Fell in October on Job Concerns

Bloomberg - Courtney Schlisserman, Shobhana Chandra - ‎1 hour ago‎
Oct. 27 (Bloomberg) -- Confidence among US consumers unexpectedly fell for a second month in October, reinforcing the views of Federal Reserve policy makers who say household spending will be restrained by ...

News Corp Revamps Wall Street Journal Europe

Wall Street Journal - ‎5 hours ago‎
LONDON (Dow Jones)--The Wall Street Journal Europe, owned by News Corp. (NWS), will be revamped to include new analysis features and columnists as well as a new front page design, in a move to attract more readers and advertisers, executives at the ...

OIL FUTURES: Crude Ends Higher; Eyes Inventory Data

Wall Street Journal - Claire Rangel - ‎1 hour ago‎
NEW YORK (Dow Jones)--Crude futures closed higher Tuesday, breaking a three-day losing streak, with market participants positioning themselves ahead of any surprises in US oil inventory data.

Norfolk Southern 3Q Profit Down On Lower Rev, Volumes

Wall Street Journal - Bob Sechler - ‎10 minutes ago‎
Norfolk Southern Corp.'s (NSC) third-quarter profit declined a less-than-expected 42% as executives of the railroad company expressed optimism that the economy has bottomed and "hopefully" is in recovery.

Dimon defends dollar -- and JPMorgan

CNNMoney.com - ‎2 hours ago‎
The chief executive officer of JPMorgan Chase said the US needs a strong dollar and that job creation is key to a rebound; also says his bank is not 'too big to fail.

Cisco secures a deal for ScanSafe

BloggingStocks (blog) - Tom Taulli - ‎3 hours ago‎
It was perfect timing: Back in 2004, ScanSafe was founded to provide Web security using the SaaS model (that is, using the Net as the platform to deliver the technology).
Cisco to buy ScanSafe The Daily Deal

Visa Sets $1 Billion Stock Buyback Plan After Reporting Profit

Bloomberg - Peter Eichenbaum - ‎52 minutes ago‎
Oct. 27 (Bloomberg) -- Visa Inc., the world's biggest payments network, authorized a $1 billion stock buyback after saying it swung to a profit in its fourth fiscal quarter, aided by an increase in card transactions.

Ford, UAW Struggling To Win Approval Of Concessions -Sources

Wall Street Journal - Jeff Bennett - ‎50 minutes ago‎
DETROIT (Dow Jones)--Ford Motor Co.(F) and the United Auto Workers are struggling to win rank-and-file approval for a set of concessions the auto maker says it needs to remain competitive with Chrysler Group LLC and General Motors Co.

Treasurys hold gains after $44 billion auction

CNNMoney.com - Ben Rooney - ‎1 hour ago‎
Prices rise on a weak consumer confidence report. The government sees strong demand for its $44 billion sale of 2-year notes. By Ben Rooney, cnnmoney.

Galleon Charges Shine Harsh Light On Hedgers

Wall Street Journal - Alistair Barr - ‎3 hours ago‎
Insider-trading charges against billionaire Raj Rajaratnam are rippling through the $1.5 trillion hedge-fund industry because being aggressive about obtaining information is an integral part of many firms' strategies.

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