- Wall St. turns lower after shooting at Canadian parliament
- Wed, 22 Oct 2014 14:22:21 -0400 -
By Yasmeen Abutaleb NEW YORK (Reuters) - U.S. stocks turned lower in afternoon trading on Wednesday, with major indexes erasing earlier gains as a shooting at the Canadian parliament unnerved investors and Boeing and Biogen sold off following results. Indexes had traded in positive territory for much of the session, putting the S&P 500 on track for a fifth straight day of gains. Earnings initially drove the move higher, with technology and material shares up on the back of strong results. ...
- U.S. inflation muted in September as energy costs drop
- Wed, 22 Oct 2014 12:07:46 -0400 -
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices. ...
- Boeing profit jumps 18 percent; raises 2014 earnings view
- Wed, 22 Oct 2014 10:09:27 -0400 -
By Alwyn Scott (Reuters) - Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business. But shares of the Chicago-based aerospace and defense giant slipped 1.5 percent in early trading, as analysts viewed the profit gain as a given and raised concern about signs that the costs of the 787 Dreamliner were creeping higher. The company earned $1.36 billion, or $1.86 per share, for the third quarter ended Sept. 30, up from $1. ...
- U.S. regulators expand number of vehicles affected by Takata recalls
- Wed, 22 Oct 2014 11:47:08 -0400 -
By Ben Klayman DETROIT (Reuters) - U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants. The U.S. National Highway Traffic Safety Administration (NHTSA) said in a statement the number of vehicles from 10 automakers covered by recalls this year and in 2013 is now 7.8 million, up 28 percent from the 6.1 million announced on Tuesday. ...
- Total names refining boss to replace de Margerie
- Wed, 22 Oct 2014 11:40:34 -0400 -
By Michel Rose PARIS (Reuters) - French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week. Pouyanne, 51, head of refining, had been considered as possible candidate to succeed de Margerie in the past and has a reputation as a shrewd cost-cutter. The world's fourth largest oil company also named Thierry Desmarest, a former Total CEO, as non-executive chairman. The appointments came less than 48 hours after de Margerie's death. ...
- Divided U.S. SEC adopts mortgage rule, decries lax lending
- Wed, 22 Oct 2014 12:37:37 -0400 -
By Sarah N. Lynch WASHINGTON (Reuters) - U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called "risk retention" rule by a 3-2 vote, while the U.S. Federal Reserve is expected to approve it later Wednesday. The rule requires banks to keep at least 5 percent of the risk on their books when they securitize loans. ...
- Toyota executive stands by Takata as supplier despite air bag troubles
- Wed, 22 Oct 2014 10:06:40 -0400 -
By Maki Shiraki TOKYO (Reuters) - A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants. U.S. safety regulators on Wednesday expanded the number of vehicles in the United States affected by recalls for this problem by 28 percent to 7.8 million vehicles. Toyota has the second largest number of vehicles affected by the U.S. recalls at 877,000, trailing only Honda Motor Co's 5.1 million vehicles, according to the U.S. ...
- Dow Chemical to cut $1 billion in costs over three years
- Wed, 22 Oct 2014 11:39:32 -0400 -
By Swetha Gopinath (Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins. Shares of the company, which reported a better-than-expected profit for the fourth straight quarter, rose nearly 4 percent. Rival Dupont has said it plans to shave off $1 billion of annual costs by 2019. Dow, which said it had been cutting fixed costs annually by 3 percent since 2012, did not elaborate on the latest cost cuts. ...
- UK's Lloyds to cut 9,000 jobs over next three years: sources
- Wed, 22 Oct 2014 14:37:54 -0400 -
LONDON (Reuters) - Lloyds Banking Group will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on Wednesday. The cuts amount to about 10 percent of Lloyds' workforce and will be announced as part of Chief Executive Antonio Horta-Osorio's strategy review next Tuesday, the sources said. Horta-Osorio's new three-year plan is expected to include the closure of some branches as the bank responds to a growing number of transactions being executed online, and the automation of some back-office functions. ...
- ECB cools speculation over bank health checks ahead of results
- Wed, 22 Oct 2014 14:43:09 -0400 -
By Sarah White and Michael Shields MADRID/VIENNA (Reuters) - The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria's Erste Group rejected the report from Spanish newswire Efe, which said that it along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but it gave no details of the size of the capital holes at the banks. ...
- Social Security benefits to go up by 1.7 percent
- Tue, 16 Oct 2012 10:56:07 -0400 -
More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year.
- Apple Pay sees problems as users get charged twice
- Wed, 22 Oct 2014 17:09:18 -0400 -
Bank of America apologizes for a glitch that's causing duplicate Apple Pay charges. Also, Google creates a new app for organizing email, and Google users can give their accounts extra protection with USB security keys.>
- Apple defeats GPNE's $94M patent-infringement claim
- Wed, 22 Oct 2014 17:05:36 -0400 -
A San Jose jury rules against the nonpracticing entity, which had accused Apple of infringing its mobile device technology.>
- AT&T third-quarter profit falls short even as it adds 2M wireless customers
- Wed, 22 Oct 2014 17:00:54 -0400 -
The company's growth was driven largely by connected devices like the connected car, but there was also a healthy mix of smartphone and tablet growth.>
- Will You Be Ready for the Next Recession?
- Wed, 22 Oct 2014 16:32:36 -0400 - In the years leading up to December 2007 there was a growing chorus declaring the end of business cycles. Clearly, business cycles have not gone away, and new research shows that the nature of recessions has changed in troubling ways. We can't predict when the next one will come, but those who fall in its wake will face a tough road to...
- Beyond tweets: Twitter weaves new approach to mobile apps
- Wed, 22 Oct 2014 16:31:38 -0400 -
The social network wants developers to use its tools to make mobile apps, while also integrating its service along the way.>
- I Tried the Next Level in Wearable Tech
- Wed, 22 Oct 2014 16:22:40 -0400 - Wearable Tech is probably one of the hottest phrases out right now. Companies on both the fashion and tech side are racing to get into the game, each entrant hoping that it has the ticket to mass consumer adoption. Microsoft just announced this week that it will introduce a product shortly, and even the mighty LVMH has said that one of its...
- Samsung enables 1-click purchases for app store
- Wed, 22 Oct 2014 16:15:05 -0400 -
Smartphone giant now lets users pay via their phone bills. No credit card necessary.>
- Sprint undercuts AT&T, Verizon with $20, 1GB family data plan
- Wed, 22 Oct 2014 16:12:46 -0400 -
At $20, Sprint is offering twice as much data as Verizon and more than three times the data as AT&T.>
- The 404 Show 1,569: ApplePay double-charging, Hendo hoverboard, Breaking Bad toys (podcast)
- Wed, 22 Oct 2014 16:05:12 -0400 -
Bridget Carey returns to the show to talk about ApplePay double-charging some Bank of America customers, a new Kickstarter for a company that created a working hoverboard and the recent controversy over Toys R Us selling Breaking Bad action figures.>
- This is how NASA banishes odors in space
- Wed, 22 Oct 2014 16:02:04 -0400 -
How do space agencies keep the International Space Station from smelling like a sweaty locker room? NASA engineer Robert Frost and retired astronaut Clayton C. Anderson reveal a few secrets.>
- Once You THINC It, INC It: Great Scott's Modern-Day Guide for Young Entrepreneurs on Growing and Navigating as a Brand
- Wed, 22 Oct 2014 15:39:19 -0400 -
"Do not follow your dreams -- follow your efforts. Follow the things that you do organically."--THINCMarketer and social media strategist Scott "Great Scott" McKenzie has released his third book (and very first audio book), titled THINC: Once You THINC It, INC It, produced by Sirius XM associate producer Jameson Bennett. Scott is a seasoned...
- Business and Youth: Advice for Young Entrepreneurs
- Wed, 22 Oct 2014 15:39:11 -0400 -
As a 24-year-old entrepreneur behind several fast-growing startups with multiple employees, I've encountered many struggles and roadblocks that I've had to overcome over the past few years. Phone calls with small companies looking to grow their business are part of my daily routine, and surprisingly, many of their struggles are tantamount to my...
- Google unveils Gmail alternative: 'Inbox'
- Wed, 22 Oct 2014 15:24:10 -0400 -
Google revitalized webmail in 2004 when it debuted Gmail, and now it's trying to do it again with a new take on the old Web stalwart, called Inbox.>
- Pioneering procedure helps paralyzed man walk again
- Wed, 22 Oct 2014 15:22:26 -0400 -
Cells harvested from a patient's nose helped return function to a damaged spinal cord. Now he is able to walk with help from ropes and guide bars.>
- PreTweet saves you from looking like an idiot on social media
- Wed, 22 Oct 2014 14:55:06 -0400 -
No more "amazeballs"! Avoid looking like a twit on Twitter by using the PreTweet service to scrub out overused words everybody is tired of seeing on social media.>
- Torch through stuff on the fly with portable laser cutter
- Wed, 22 Oct 2014 14:46:57 -0400 -
Crave writer Michael Franco catches up with one of the creators of the Origami laser cutter, now blasting through a campaign on Kickstarter.>
- Almost half of adults on the Net have experienced online harassment -- survey
- Wed, 22 Oct 2014 14:37:40 -0400 -
A new study from Pew Research shows just how widespread online abuse has become.>
- Get an HP Pocket Playlist for $19.99
- Wed, 22 Oct 2014 14:31:37 -0400 -
Could you use an extra 32GB of media storage for your phone or tablet? This handy gizmo slings over Wi-Fi.>
- Unexpected Cost of Ethical Behavior
- Wed, 22 Oct 2014 14:15:39 -0400 -
In pursuit of my college degrees, work at Fortune 500 companies, and memberships in professional organizations, I was directed and trained to ensure ethical compliance --- as it's a personal, organizational, and company responsibility.This training provided examples of unethical activities and many times required participants to analyze case...
- Fund 3D horror film, get rare 'Texas Chainsaw Massacre' rewards
- Wed, 22 Oct 2014 14:10:23 -0400 -
Crowdfund fear with an indie horror film that wants to scare you in more than one dimension. Backers of the film are offered "Texas Chainsaw Massacre" collectibles from the co-creator himself.>
- Meet the robot actor starring in a play inspired by Kafka
- Wed, 22 Oct 2014 13:50:15 -0400 -
Up-and-coming android performer Repliee S1 stars alongside well-known French actors in a piece based on Franz Kafka's absurdist classic "The Metamorphosis.">
- Flying car crashes and burns in Florida
- Wed, 22 Oct 2014 13:44:47 -0400 -
Police in Marion County say two people were hurt after a Maverick flying car crashed and caught fire.>
- Form a new political party, fight zombies with the CraveCast crew
- Wed, 22 Oct 2014 13:39:19 -0400 -
Halloween and elections are approaching, and sometimes it's tough to tell which is scarier. Join the CraveCast cabal Wednesday at noon Pacific when we'll talk about remaking democracy in our own image and siccing bears on the undead.>
- Microsoft Garage gives early look at emerging apps
- Wed, 22 Oct 2014 13:38:22 -0400 -
Now consumers can see what's coming from folks tinkering on apps inside Microsoft -- on everything from Android Wear to Xbox One.>
- Sony to slash its smartphone forecast, again -- report
- Wed, 22 Oct 2014 13:38:20 -0400 -
The company had planned to ship 50 million smartphones this year, but that figure has been falling and will drop even more, according to Bloomberg.>
- British comedy 'IT Crowd' gets another shot at US remake
- Wed, 22 Oct 2014 13:34:29 -0400 -
Geeky Brits Moss, Roy and Jen will return to TV -- but this time as unappreciated American computer nerds. Can Internet, soccer and quizmaster jokes translate from across the pond?>
- This is how to pop the question if you're a 'Doctor Who' fan
- Wed, 22 Oct 2014 13:19:38 -0400 -
This redditor and fan of BBC series "Doctor Who" figured out the perfect way to propose to his girlfriend. Of course, she said yes.>
- Apple CEO meets with Chinese official following iCloud attacks
- Wed, 22 Oct 2014 13:13:22 -0400 -
The meeting follows a notice from Apple that iCloud has been targeted by network attacks in an attempt to gain user information. But are the Chinese behind it?>
- Apple Pay needs US credit card but can work elsewhere -- report
- Wed, 22 Oct 2014 12:53:50 -0400 -
A video posted by blog site TechSmartt shows how to "trick" Apple Pay into working on NFC terminals outside the US.>