Sreeni Meka
Explore the unknown
WallSt News
Earnings News
Top Stories
Business News
Recent Articles
State of Economy
CFA ® Level 1
CFA ® Level 2
CFA ® Level 3
Market Wizards
Market Scanner
Great Books
Media Directory
Contact Us
Seeking Alpha Certified
TalkMarkets Certified
Financial News
Business News Headlines - Yahoo! News
Wall St. ends lower after shooting at Canadian parliament
Wed, 22 Oct 2014 17:03:48 -0400 -

Traders work on the floor of the New York Stock ExchangeBy Yasmeen Abutaleb NEW YORK (Reuters) - U.S. stocks erased earlier gains to close lower on Wednesday as a shooting at the Canadian parliament unnerved investors, Boeing and Biogen sold off following results, and energy stocks fell along with oil prices. 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. ...

AT&T revenue lower than expected as customers bring in their own phones
Wed, 22 Oct 2014 18:15:50 -0400 -

An AT&T building is pictured in Los AngelesBy Marina Lopes WASHINGTON (Reuters) - AT&T Inc said on Wednesday its quarterly revenue rose but by less than Wall Street anticipated as a wave of subscribers plugged into the network using pre-purchased devices. The company cut its full-year consolidated revenue growth outlook for 2014 to 3-4 percent from 5 percent. AT&T said 400,000 subscribers brought their own devices when signing up for service this quarter, instead of purchasing one at an AT&T store. ...

U.S. prosecutors probe Takata Corp over statements: WSJ
Wed, 22 Oct 2014 17:28:32 -0400 - NEW YORK (Reuters) - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd, The Wall Street Journal reported on Wednesday. Word of the investigation follows a notice on Tuesday from the U.S. auto regulator, the National Highway Traffic Safety Administration, which increased the number of cars potentially affected by defective air bags made by Takata to at least 7.8 million, up from the roughly 4. ...
U.S. inflation muted in September as energy costs drop
Wed, 22 Oct 2014 12:07:46 -0400 -

Current gas prices are shown at a Shell gas station in Encinitas, CaliforniaBy 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 -

The Boeing logo is seen at their headquarters in ChicagoBy 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 -

File photo of the Takata logo at its factory near MonclovaBy 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 -

Thierry Desmarest, Chairman of French oil company Total, speaks during the company's annual shareholders meeting in ParisBy 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 -

A sign for the SEC is pictured in the foyer of the Fort Worth Regional Office in Fort WorthBy 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. ...

Dow Chemical to cut $1 billion in costs over three years
Wed, 22 Oct 2014 11:39:32 -0400 -

Dow Chairman and CEO Liveris participates in discussion during the second day of the Clinton Global Initiative 2012 (CGI) in New YorkBy 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. ...

Wall St. boosted by earnings, S&P posts best week in nearly two years
Fri, 24 Oct 2014 16:28:08 -0400 -

A woman carries an umbrella as she passes by the New York Stock Exchange on Broad St. in New York's financial district during the morning rushBy Yasmeen Abutaleb NEW YORK (Reuters) - U.S. stocks closed out their best week in nearly two years on Friday, helped by earnings from Microsoft and Procter & Gamble and as concerns eased over the possible spread of Ebola in the United States. The S&P 500 was up 5.5 percent from its low on Oct. 15 and had its best weekly gain in nearly two years, boosted by solid corporate earnings reports. News of the first case of Ebola diagnosed in New York City hit futures late on Thursday, but the markets shook off those concerns on Friday. ...

Social Security benefits to go up by 1.7 percent
Tue, 16 Oct 2012 10:56:07 -0400 -

FILE - This Feb. 2005 file photo shows trays of printed social security checks, in Philadelphia, waiting to be mailed from the U.S. Treasury. More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year. The increase, which starts in January, is tied to a measure of inflation released Tuesday. It shows that inflation has been relatively low over the past year _ despite the recent surge in gas prices _ resulting in one of the smallest increases in Social Security payments since automatic adjustments were adopted in 1975. (AP Photo/Bradley C. Bower, File)More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year.

Got a new iPad and want to switch carriers? Turns out it's not so easy
Fri, 24 Oct 2014 19:05:25 -0400 -

Promo thumbnail for iPad Air 2 video.So much for a universal Apple SIM. AT&T and T-Mobile both lock down iPad SIM cards in their stores. The difference is a T-Mobile iPad purchased at an Apple store will remain open.>

Breaking open iPads, Groupon's quest to be Yelp
Fri, 24 Oct 2014 17:18:45 -0400 -

Breaking open iPads, Groupon's quest to be YelpThe iFixit team reveals the secrets inside the new iPads, Groupon mimics Yelp, and Microsoft kills the free version of Xbox Music.>

The 404 Show 1,570: Superhero movie overkill? Christian Bale to play Steve Jobs (podcast)
Fri, 24 Oct 2014 16:54:14 -0400 -

The 404 Show 1,570: Superhero movie overkill? Christian Bale to play Steve Jobs (podcast)We're finishing up the week with the question: is Hollywood's superhero factory comic book overkill? Plus we'll talk about Christian Bale's confirmed role as Steve Jobs in a new biopic, Uber flu shot delivery and confirmation that Google Glass people still freak us out.>

Awww: A whole subreddit filled with baby-elephant GIFs
Fri, 24 Oct 2014 16:30:47 -0400 -

Awww: A whole subreddit filled with baby-elephant GIFsIt's Friday, which means we've all made it through another long week. Celebrate in the best way possible by checking out this subreddit dedicated to GIFs of baby elephants.>

Lady Gaga's 'Cheek to Cheek' coming to Amazon Instant 4K, PBS
Fri, 24 Oct 2014 16:26:27 -0400 -

Joe Sinnott/THIRTEEN Productions​If you're a fan of Lady Gaga, Tony Bennett or changing outfits every three minutes then 'Cheek to Cheek Live' will be televised on PBS tonight, and Amazon Instant 4K later in the year.>

The scariest games to play this Halloween
Fri, 24 Oct 2014 16:16:47 -0400 -

The scariest games to play this HalloweenJeff Bakalar picks the scariest video games to play this Halloween. Player beware!>

College students more prone to thoughtless social posts than high schoolers, study says
Fri, 24 Oct 2014 15:53:34 -0400 -

College students more prone to thoughtless social posts than high schoolers, study saysA new survey -- conducted for a firm that recently brought its private social-networking app to the US -- also shows that teens are tired of the lack of reality on sites like Facebook.>

Low Latency 112: Back to the drawing board
Fri, 24 Oct 2014 15:46:30 -0400 -

Low Latency 112: Back to the drawing boardThis week the Internet's attention was transfixed on a hoverboard, while ignoring Apple's newest iPad.>

Huh? Mini phone attaches to the phone you already have
Fri, 24 Oct 2014 15:23:57 -0400 -

Huh? Mini phone attaches to the phone you already haveOne company thinks you need a small phone that hitches a ride on your larger phone -- and the idea actually might not be as crazy as it sounds.>

Aereo barred from retransmitting broadcast TV
Fri, 24 Oct 2014 15:07:27 -0400 -

Aereo barred from retransmitting broadcast TVA judge grants broadcasters' request for a temporary injunction against the embattled video streaming service, which has sought to reclassify itself as a cable provider.>

This is what a 'Star Wars' blaster bolt would look like in real life
Fri, 24 Oct 2014 13:42:45 -0400 -

IPC PASA team of physicists has created a film that shows what a real-life "laser bullet" would look like in action. Hint: it's not like in "Star Wars.">

Sprint's 'iPhone for Life' plan to offer annual upgrade
Fri, 24 Oct 2014 13:33:02 -0400 -

CNETThe carrier ups the ante again with its iPhone-leasing program that starts at $30 a month and allows customers to swap in a new device each year. The offer takes effect on November 14.>

Investors snub Amazon, but Wall Street analysts remain loyalists
Fri, 24 Oct 2014 13:19:00 -0400 -

CNETFinancial analysts continue to focus on Amazon's long-term growth, despite back-to-back quarters of losses.>

iPad Mini 3 teardown's biggest surprise? The glue, iFixit finds
Fri, 24 Oct 2014 12:44:28 -0400 -

The iPad Mini 3 got the teardown treatment and not much has changed compared to the iPad Mini 2.Apple's latest tiny tablet is tough to repair, says iFixit, and any fixes to the screen could result in a non-functioning Touch ID.>

A new 'Harry Potter' story will unfold on Halloween
Fri, 24 Oct 2014 12:21:20 -0400 -

J.K. Rowling adds to the Harry Potter roster of characters -- a singer with special abilities.J.K. Rowling's Pottermore site reveals that a new short story focused on the mischievously malicious Dolores Umbridge will debut for free this Halloween.>

Apple CEO had 'very open' talks with China on privacy, security
Fri, 24 Oct 2014 11:43:48 -0400 -

Apple CEO Tim Cook had 'open talks' in China.Tim Cook met with a Chinese official to talk online security amid allegations that the country tried to hack Apple's iCloud service.>

Deezer buys Stitcher, a stab at marrying talk and tunes online
Fri, 24 Oct 2014 11:37:21 -0400 -

Deezer buys Stitcher, a stab at marrying talk and tunes onlineThe Spotify rival acquires the Pandora of talk radio, aiming to set itself apart from bigger competitors as it makes a quiet entrance into the US.>

Most People Shouldn't Give To Charity And Don't Have To Feel Guilty About It
Fri, 24 Oct 2014 11:31:44 -0400 -

Most People Shouldn't Give To Charity And Don't Have To Feel Guilty About ItFacebook CEO Mark Zuckerberg and his wife Priscilla Chan recently made headlines for their $25 million donation to the Centers for Disease Control Foundation to help fight Ebola.The young Zuckerbergs aren’t the only ones giving back in a big way: Bill and Melinda Gates have donated billions of dollars of their fortune to make the world a...

The Queen puts the RT in royalty with first tweet
Fri, 24 Oct 2014 11:26:21 -0400 -

The Queen puts the RT in royalty with first tweetElizabeth II has sent her first tweet -- or has she? It's a right royal mystery...>

Get a 3-month subscription to Loot Crate for $39.99
Fri, 24 Oct 2014 10:12:43 -0400 -

Loot CrateGeeks and gamers, this one's for you: three boxes of gear and goodies delivered right to your door. Plus: a $99 Windows 8.1 tablet?!>

Early Influences Can Open Up the Future
Fri, 24 Oct 2014 09:36:28 -0400 -

Early Influences Can Open Up the FutureEntrepreneurs not only provide us with critical innovation and keep us at the forefront of global markets, they also create ways to gain financial independence. So why has the percentage of start-ups in the U.S. dropped significantly in the last 35 years? This is particularly worrisome in light of the healthy state of the stock market and the...

Listen to music and track runs on Android Wear, no phone needed
Fri, 24 Oct 2014 09:07:05 -0400 -

Listen to music and track runs on Android Wear, no phone neededWith new Android Wear updates, you no longer need your phone to listen to music or use GPS on your smartwatch. But some restrictions apply.>

LG G3 Screen powered by in-house 'Nuclun' processor launches in Korea
Fri, 24 Oct 2014 09:06:10 -0400 -

LGLG Electronics has launched its new G3 Screen phablet, powered by its long-awaited, self-designed "Nuclun" application processor in South Korea.>

Amazon losses widen as it braces for rocky holiday quarter
Fri, 24 Oct 2014 07:58:46 -0400 -

Amazon losses widen as it braces for rocky holiday quarterThe e-commerce company misses Wall Street expectations and reports a third-quarter loss of $437 million. More critically, it warns that its fourth-quarter revenue will also disappoint.>

iMessage spam deluge traced to knock-offs in China
Fri, 24 Oct 2014 07:00:03 -0400 -

A knock-off Michael Kors handbag that Cloudmark researcher Tom Landesman got in the mail when he followed a spam link to its logical conclusion.Text message spam is best ignored, but when a security researcher followed a trail of deception laid out on Apple's iMessage he became the proud owner of cheap designer accessories from China.>

Microsoft Lumia device 'coming soon', but cheap phones keep Nokia name
Fri, 24 Oct 2014 06:42:25 -0400 -

MicrosoftMicrosoft is a step closer to ditching the Nokia name from its Lumia Windows Phones, but will keep the name for entry-level devices.>

Tomorrow Daily 074: VR moon tours, an 'Avengers 2' trailer analysis, and a real-life Transformer
Fri, 24 Oct 2014 06:17:40 -0400 -

Tomorrow Daily 074: VR moon tours, an 'Avengers 2' trailer analysis, and a real-life TransformerOn today's show, we discuss virtual reality tours of the moon using Oculus Rift, all the crazy things we spotted in the "Avengers 2: Age of Ultron" trailer, and a real-life Transformer that changes from humanoid to car (just like Optimus Prime).>

Amazon takes $170M charge on Fire Phone
Fri, 24 Oct 2014 05:39:13 -0400 -

Amazon takes $170M charge on Fire PhoneThe company discloses that it had $83 million worth of unsold Fire Phones at the end of the third quarter.>

Friday Poll: How do you like Apple Pay so far?
Fri, 24 Oct 2014 02:00:03 -0400 -

Friday Poll: How do you like Apple Pay so far?Apple Pay has arrived and Touch ID-device owners have had a shot at trying it out. Let us know if you're loving it, hating it or feeling totally indifferent.>

Copyright © 2012 Sreeni Meka. All rights reserved.