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Commerzbank To Cut 60-70 Jobs In Fixed Income, FX Division: Sources
Date:  Wednesday, October 01, 2014
Title:  Commerzbank To Cut 60-70 Jobs In Fixed Income, FX Division: Sources
Description:  Several sources familiar with the matter said on Wednesday that Germany's second biggest lender Commerzbank is cutting 60-70 jobs in its fixed income and currencies division in Frankfurt. Commerzbank is offering severance packages and is aiming to carry out redundancies through voluntary layoffs, the lender said. Commerzbank last year combined the sales and trading arms of its fixed income and cur...
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Ireland Gave state Aid To Apple
Date:  Tuesday, September 30, 2014
Title:  Ireland Gave state Aid To Apple
Description:  The European Commission has told Ireland it believes it gave illegal state aid to Apple. It has published a letter, originally sent to the country in June, accusing it of helping the computer giant through special tax arrangements. Apple says it has received 'no selective treatment'. In a statement, the company said: Our success in Europe and around the world is the result of hard work and innovat...
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AT&T Expects Customer Usage Of NEXT To Reach 50 Percent In Third Quarter
Date:  Tuesday, September 30, 2014
Title:  AT&T Expects Customer Usage Of NEXT To Reach 50 Percent In Third Quarter
Description:  AT&T said in a regulatory filing on Tuesday that it expects that customer use of its equipment installment plan will have reached 50 percent in the third quarter. Last year, faced with growing competition from rivals, AT&T debuted its NEXT equipment financing plan, which decouples the cost of service from the cost of devices. In July, AT&T said it expected two-thirds of its customers to be on the ...
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AMC Theatres Boycotting Crouching Tiger 2 In Major Blow For Netflix, Imax
Date:  Tuesday, September 30, 2014
Title:  AMC Theatres Boycotting Crouching Tiger 2 In Major Blow For Netflix, Imax
Description:  AMC Theatres has joined the country's two other largest chains in slamming a plan to release the Crouching Tiger, Hidden Dragon sequel directly on Netflix and in select Imax locations, saying it won't play the film in any of its Imax venues. AMC's boycott is especially problematic because it operates 146 locations in the U.S., the most of any circuit. Regal follows with 86.
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Tag Heuer Cuts Management, Production Jobs: LVMH Watch Head
Date:  Monday, September 29, 2014
Title:  Tag Heuer Cuts Management, Production Jobs: LVMH Watch Head
Description:  Tag Heuer, the biggest watch brand in French luxury group LVMH , has cut some management and production jobs in Switzerland in response to the industry slowdown, the head of watches said on Monday. Jean-Claude Biver said Tag Heuer had cut 46 managerial and production positions, and placed 49 people on temporary unemployment from Sept. 1 until the end of the year.
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Ford Lowers 2014 Pre-tax Profit Forecast To $6 Billion
Date:  Monday, September 29, 2014
Title:  Ford Lowers 2014 Pre-tax Profit Forecast To $6 Billion
Description:  Ford Motor Company's chief financial officer told investors on Mondaythat the car company has lowered its expectation for pre-tax profit this year to $6 billion, from its previous forecast of $7 billion to $8 billion. Chief Financial Officer Bob Shanks said at a briefing near company headquarters that Ford expects pre-tax profit to rise in 2015 to between $8.5 billion and $9.5 billion.
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Airbus Set To Win A350 Certification On Tuesday
Date:  Monday, September 29, 2014
Title:  Airbus Set To Win A350 Certification On Tuesday
Description:  Airbus looks set to win European safety certification for its newest airliner, the A350, on Tuesday. The roughly 300-350 seat A350 was developed at an estimated cost of $15 billion to compete with the Boeing 787 Dreamliner. After more than year of flight trials, the European Aviation Safety Agency and the U.S. Airbus officials said last week the certification could take place in coming days. The c...
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Businesses Wont Have To Return BP Spill Payouts
Date:  Thursday, September 25, 2014
Title:  Businesses Wont Have To Return BP Spill Payouts
Description:  A federal judge has ruled that BP must stand by the agreement made with the companies it compensated for losses after the 2010 Gulf oil spill despite the oil giant saying some claims were overestimated. BP argued that a flawed funding formula enabled nearly 800 businesses to overestimate their spill-related claims. Attorney Kevin Downey argued about 150 claimants should return a total of $185 mill...
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Wal-Mart Launching Mobile Checking Account
Date:  Wednesday, September 24, 2014
Title:  Wal-Mart Launching Mobile Checking Account
Description:  Wal-Mart is launching a mobile checking account for its customers that will eliminate some of the fees charged by banks. The company said Wednesday that the GoBank checking account has no minimum balance requirements or overdraft fees. A monthly membership charge of $8.95 is waived if a direct deposit of $500 is made each month. Daniel Eckert, senior vice president of services for Walmart U.S.
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Apple Sells More Than 10 Million New IPhones In First Three Days
Date:  Tuesday, September 23, 2014
Title:  Apple Sells More Than 10 Million New IPhones In First Three Days
Description:  Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays. Chief Executive Tim Cook said the company could have sold even more iPhone 6 and iPhone 6 Plus models if supplies had been available. Analysts had estimated first-weekend sales of up to 10 million iPhones, after Apple book...
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Deaths Linked To GM Ignition-switch Defect Rise To 21
Date:  Monday, September 22, 2014
Title:  Deaths Linked To GM Ignition-switch Defect Rise To 21
Description:  The number of deaths linked to a faulty ignition switch in General Motors vehicles rose by two last week to 21, according to a report Monday from a lawyer overseeing a program to compensate victims of accidents caused by the recalled part. Since Aug. 1, 675 claims for serious injuries or deaths said to have been caused by the switch had been received by the program, which is being overseen by lawy...
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Alibaba IPO Ranks As Worlds Biggest After Additional Shares Sold
Date:  Monday, September 22, 2014
Title:  Alibaba IPO Ranks As Worlds Biggest After Additional Shares Sold
Description:  Alibaba's initial public offering now ranks as the world's biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares. The fees are equivalent to 1.2 percent of the total deal, with Alibaba paying $121.8 million in commissions. Selling shareholders are set to pay another $178.6 million, a...
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Airbus Sales Chief Cautious On Jet Output Increases
Date:  Monday, September 22, 2014
Title:  Airbus Sales Chief Cautious On Jet Output Increases
Description:  Airbus adopted a cautious stance on aircraft output on Monday, telling the airline and leasing industry that it would examine supply chain and other conditions before deciding further increases in output of its popular A320 narrowbody series. The comments by sales chief John Leahy at an industry event came after both Airbus and its rival Boeing said recently that they were studying further increas...
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Hundreds queue for new iPhones in Australia
Date:  Friday, September 19, 2014
Title:  Hundreds queue for new iPhones in Australia
Description:  Hundreds of people queue in Sydney are among the first in the world to get their hands on the new Apple iPhone 6 models with the large-screen handsets drawing keen interest. Duration: 00:42
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Nasdaq 100 Movers: MU, AMZN
Date:  Friday, September 19, 2014
Title:  Nasdaq 100 Movers: MU, AMZN
Description:  In early trading on Friday, shares of Amazon. om (AMZN) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.1%.
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BlackBerry Tries Again With The Porsche Design P’9983 Smartphone
Date:  Thursday, September 18, 2014
Title:  BlackBerry Tries Again With The Porsche Design P’9983 Smartphone
Description:  Not to be outdone by the new iPhones or Galaxy Notes, BlackBerry is shouting “me too!” with the introduction of a new smartphone. Meet the Porsche Design P’9983, a slightly re-skined and re-worked BlackBerry Q10 with a 3.1-inch touchscreen. However Blackberry threw buyers a bone and upped the storage to 64GB. According to the product page, the P’9983 rocks a slightly redesigned physical keyboard. ...
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Preorders for the iPhone 6 Sold Out
Date:  Monday, September 15, 2014
Title:  Preorders for the iPhone 6 Sold Out
Description:  Apple says it had more than 4 million pre-orders of its new iPhone 6 and iPhone 6 Plus in 24 hours, exceeding its initial pre-order supply.
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Analyst:  Apple Pay is safer than credit cards
Date:  Monday, September 15, 2014
Title:  Analyst: Apple Pay is safer than credit cards
Description:  According to analyst the technology used makes it safer than using credit cards.
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GM begins payouts
Date:  Monday, September 15, 2014
Title:  GM begins payouts
Description:  (NBC News) The attorney overseeing the compensation fund set up in the wake of General Motors' massive ignition switch recall says so far 19 of the 125 wrongful death claims are eligible for payments.
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Nasdaq 100 Movers: GRMN, LBTYA
Date:  Thursday, September 11, 2014
Title:  Nasdaq 100 Movers: GRMN, LBTYA
Description:  In early trading on Thursday, shares of Liberty Global (LBTYA) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.4%. Year to date, Liberty Global has lost about 5.2% of its value.
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Nevada Lawmakers To Consider Huge Tax Breaks For Tesla
Date:  Wednesday, September 10, 2014
Title:  Nevada Lawmakers To Consider Huge Tax Breaks For Tesla
Description:  Nevada lawmakers on Wednesday will consider controversial tax breaks estimated at up to $1.3 billion for Tesla Motors to build its $5 billion battery factory in the state. Assembly Speaker Marilyn Kirkpatrick promised scrutiny of the legislation, which has drawn criticism from both ends of the political spectrum, at a special session. Kirkpatrick, a North Las Vegas Democrat said, It's exciting tha...
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Futures Tick Higher After Recent Weakness
Date:  Wednesday, September 10, 2014
Title:  Futures Tick Higher After Recent Weakness
Description:  U.S. stock index futures were a touch higher on Wednesday, suggesting investors found few reasons to jump back into the market even after a recent string of weakness. The weakness came on concerns the Federal Reserve could raise interest rates sooner than some investors had expected, worries that took the yield on the benchmark 10-year U.S. Treasury note to 2.5 percent, its highest in a month. The...
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Peer-To-Peer Airport Car Rental Startup FlightCar Raises Another $13.5M Led By GGV Capital
Date:  Wednesday, September 10, 2014
Title:  Peer-To-Peer Airport Car Rental Startup FlightCar Raises Another $13.5M Led By GGV Capital
Description:  FlightCar wants to enable its users to rent out their cars at airports all around the country, and today is announcing that it has raised an additional $13.5 million to help fund that expansion. The new financing comes from GGV Capital, whose managing partner Hans Tung will be joining the company’s board.
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Twitter Reactions To The Apple Watch
Date:  Tuesday, September 09, 2014
Title:  Twitter Reactions To The Apple Watch
Description:  The Apple Watch is finally here — bask in all its high tech glory. The Apple Watch — or the iWatch as the rumor mill called it — is likely to be this year's must-have wrist accessory. The highly anticipated wearable was a hot topic of discussion on Twitter both before and after its reveal at the iPhone 6 launch event. It's clear that the sexy timepiece is the cutting edge in technology. It's also ...
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Apple Smartwatch Unveiled
Date:  Tuesday, September 09, 2014
Title:  Apple Smartwatch Unveiled
Description:  Apple has unveiled a smartwatch -- a wearable device that marks the company's first major entry in a new product category since the iPad's debut in 2010.
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