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Business News - The Last 24 Hours

Media Decoder Blog: Verizon Teaming With Redbox for DVD and Streaming Service
New York Times - 1 hour 58 sec ago
The two companies will combine to try to give customers more access to video on the Web, and possibly position the new venture as an alternative to Netflix.
RELATED:
BusinessWeek - Verizon, Redbox to Challenge Netflix - 3 hours 18 min ago
Wall Street Journal - Verizon, Redbox Plan Online Video Service - 4 hours 29 min ago
COMMENTARY:
MarketWatch - MarketWatch First Take: Verizon, Redbox give Netflix a new worry - 3 hours 6 min ago
TechCrunch - Verizon And Redbox Taking On Netflix With New Joint Venture - 4 hours 42 min ago
AllThingsD - Verizon Teams With Redbox for a Netflix-Style Video Service - 4 hours 59 min ago
24/7 Wall St. - Coinstar Ventures With Verizon Against Netflix (CSTR, NFLX, VZ) - 5 hours 12 min ago



Citi gets approval to issue credit card in China
AP - 1 hour 21 min ago
NEW YORK (AP) -- Citigroup Inc.'s Chinese subsidiary is set to become the first U.S.-based bank to issue its own credit cards in China....
RELATED:
BusinessWeek - Citigroup Said to Cut Bonuses in Investment Bank By About 30% - 1 hour 55 min ago
Wall Street Journal - Citigroup to Issue China Credit Cards - 6 hours 30 min ago
Indiatimes - Citigroup downgrades Thermax to sell - 12 hours 50 min ago



Swiss bank Julius Baer expects fine in US tax case
AP - 1 hour 21 min ago
GENEVA (AP) -- Swiss bank Julius Baer Group said Monday that it might have to pay a fine to settle allegations it helped American clients cheat on their taxes, but cautioned investors that the final outcome of the case was still uncertain....
RELATED:
BBC - P45 tax form is given a reprieve - 5 hours 35 min ago
Indiatimes - Budget 2012 likely to increase tax exemption limit to Rs 2 lakh - 7 hours 51 min ago
France24 - CHINA: Chinese airlines to shun EU carbon tax - 9 hours 41 min ago
BusinessWeek - Baer Says It Has Resources for U.S. Tax Matter as Net Drops 27% - 11 hours 37 min ago
AP - China bars its airlines from paying EU carbon tax - 13 hours 51 min ago
COMMENTARY:
Curious Capitalist - The Corporate Tax Rate Is Lowest in Decades; Is Business Paying It’s Fair Share? - 7 hours 20 min ago
Der Spiegel - Emissions Scheme Dispute: China Bans Airlines from Paying EU Carbon Tax - 9 hours 7 min ago



Boeing shares slip as it addresses 787 issues
Reuters - 1 hour 47 min ago
(Reuters) - Boeing Co shares slipped on Monday, the day after the plane maker said it must correct a fuselage support structure problem on some of its carbon-composite 787s, a glitch experts said could slow production.
RELATED:
Indiatimes - Boeing faces new problem with Dreamliner - 4 hours 9 min ago
France24 - Boeing faces new problem with Dreamliner: report - 15 hours 10 min ago
BusinessWeek - Boeing Orders Checks of Dreamliners on Fuselage Delamination - 16 hours 57 min ago
Reuters - Boeing to correct 787 Dreamliner fuselage issue - 21 hours 35 min ago



Euro zone worries stall US stocks after 5-week rally
Indiatimes - 1 hour 55 min ago
US stocks dipped as a delay by debt-ridden Greece in accepting the terms of bailout gave investors little reason to buy equities after a five-week rally.
RELATED:
Indiatimes - Eurozone official public debt eases - 7 hours 58 min ago
BBC - Euro crisis 'could damage China' - 8 hours 53 min ago
Reuters - Analysis: Euro zone strugglers lack innovative knack - 9 hours 59 min ago
COMMENTARY:
Seeking Alpha - Worried About Europe? Investors Aren't - 1 hour 20 min ago
Zero Hedge - Greek PM Demands Report On Default, Eurozone Exit Consequences - 2 hours 16 min ago
VIDEO:
Reuters Video - Europe Day Ahead: Tuesday - 2 hours 51 min ago



GREECE: Greek leaders delay crucial talks on EU/IMF bailout
France24 - 2 hours 2 min ago
The Greek government has delayed crisis talks on tough reforms required before lenders release €130 billion in new rescue funds for a second time until Tuesday. Without the new bailout, Greece would default on its debt in March.
RELATED:
Indiatimes - Greek parties face EU bailout deadline - 9 hours 14 min ago
BBC - Bailout talks to resume in Greece - 17 hours 1 min ago
Reuters - Greek parties face Monday EU bailout deadline - 19 hours 4 min ago
New York Times - Greece Fights on Two Fronts to Secure New Bailout - 22 hours 36 min ago
COMMENTARY:
Minyanville - Pre-Market Primer: Greece Bailout Concerns Throw Off Rally - 6 hours 6 min ago
VIDEO:
Reuters Video - Crunch time in Greek bailout talks - 4 hours 6 min ago



Data Show Greece’s Debt Ratio Growing as Economy Shrinks
New York Times - 2 hours 14 min ago
Eurostat put Greece's debt at 159.1 percent of gross domestic product in the third quarter of 2011, as austerity measures crimp economic growth.
RELATED:
China Daily - China's economy to expand 8.1% in 2012: economist - 3 hours 34 min ago
AP - Oil near $97 amid signs US economy improving - 13 hours 51 min ago



Fed should raise rates in 2013, Bullard says
Reuters - 2 hours 36 min ago
CHICAGO (Reuters) - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that even if rates stay near zero for many years, U.S. economic output will not bounce back to pre-recession levels.
RELATED:
BusinessWeek - India Prepared for Rate Cut on Visible Easing Inflation: Economy - 6 hours 28 min ago
Sydney Morning Herald - Westpac slow to pass on rate cuts - 22 hours 57 min ago
COMMENTARY:
Seeking Alpha - Introducing The Global Monetary Policy Rate Index - 3 hours 20 min ago



Noble Names Former Goldman Asia Chief Yusuf Alireza as New CEO
BusinessWeek - 2 hours 57 min ago
Noble Group Ltd. named Yusuf Alireza, formerly co-president of Goldman Sachs Group Inc.’s Asia- excluding-Japan unit, as chief executive officer to lead Asia’s biggest commodity supplier.
RELATED:
BusinessWeek - Noble Names Former Goldman Asia Chief Alireza as New CEO - 8 hours 30 min ago
COMMENTARY:
BusinessInsider - Goldman Sachs' CEO Speaks Up For Same-Sex Marriage - 13 hours 39 min ago



Oil to stay below $115 barring surprises: Kuwait
Indiatimes - 3 hours 16 sec ago
Earlier, a top Kuwaiti oil executive said oil prices could soar to as high as $160 a barrel if tension over an Iranian oil embargo persists or in the event of conflict.
RELATED:
France24 - Oil may hit $160 amid tension: Kuwait official - 11 hours 25 sec ago
Indiatimes - Cairn India up tracking gains in crude oil - 13 hours 41 min ago



Mitsubishi Motors to Stop Europe Production End of This Year
BusinessWeek - 3 hours 7 min ago
Mitsubishi Motors Corp. will stop making cars in Europe at the end of this year, underlining growing excess capacity in the region as demand slackens amid the government-debt crisis.
RELATED:
AP - Mitsubishi to stop making cars in Western Europe - 6 hours 21 min ago
BBC - Mitsubishi to close Europe plant - 11 hours 27 min ago
Reuters - Mitsubishi Motors to stop making cars in western Europe - 12 hours 44 min ago
France24 - Mitsubishi to end European production: reports - 15 hours 10 min ago
COMMENTARY:
Zacks - Zacks Bull and Bear of the Day Highlights: Aetna, JAKKS Pacific, U.S. Bancorp, Mitsubishi UFJ Financial Group and UMB Financial - Press Releases - 5 hours 51 min ago



Wall Street falls as Greece concerns weigh again
Indiatimes - 3 hours 34 min ago
US stock fell after a five-week rally on concerns Greece may be unable to avoid a chaotic default as it struggles to reach terms on a new bailout package.
RELATED:
Reuters - Stock index futures signal lower Wall Street open - 10 hours 8 min ago
COMMENTARY:
BusinessInsider - Jamie Dimon Says Wall Street's Going The Way Of Wal-Mart — And It's A Good Thing - 1 hour 46 min ago
Curious Capitalist - Wall Street: Doom and Gloom After No-Good, Very-Bad Year - 1 hour 47 min ago
The Big Picture - Magazine Cover Indicator: New York “End of Wall Street” - 3 hours 42 min ago
Zacks - Ahead of Wall Street - February 6, 2012 - Ahead of Wall Street - 5 hours 45 min ago
Seeking Alpha - Wall Street Breakfast: Must-Know News - 6 hours 20 min ago
VIDEO:
Reuters Video - Trading at Noon: Wall St. eases as investors eye Greece - 1 hour 47 min ago



VIDEO: Greece restarts debt crisis talks
BBC - 3 hours 43 min ago
The BBC's Aaron Heslehurst on the resumption of Greece's debt crisis talks and China's refusal to pay a new EU airline tax.
RELATED:
BusinessWeek - Greece Seeking Second Rescue Faces Battle to Stay in Euro - 6 hours 6 min ago
Indiatimes - Greece already 'past deadline' for debt deal: EU - 6 hours 11 min ago
AP - Sarkozy: Greece should create fund to pay debt - 6 hours 50 min ago
Reuters - Asian stocks rise, U.S. jobs gain outweighs Greece - 13 hours 17 min ago
BBC - VIDEO: Greece talks to resume - 14 hours 53 min ago
New York Times - Greece Agrees to Harsh New Spending Cuts - 15 hours 24 min ago
COMMENTARY:
Zero Hedge - Greece has No Idea What It's Gotten Itself Into - 29 min 3 sec ago
BusinessInsider - LIVE: Negotiations And Crisis In Greece - 2 hours 9 min ago
Morningstar - Stocks Lower on Greece Concerns - 2 hours 21 min ago
Der Spiegel - Delayed Austerity Talks: Merkel Demands that Greece Take Quick Action - 2 hours 24 min ago
Seeking Alpha - Monday Market Madness: What's This Greece Thing? - 3 hours 20 min ago
Zacks - Feb 6: Greece back in the news Again - Economic Highlights - 5 hours 26 min ago
Wall Street Pit - Absence of Greece Debt Deal Weighs on Market - 5 hours 39 min ago
The Big Picture - Greece’s hourglass running out of sand - 5 hours 53 min ago
Credit Writedowns - Euro Dragged Lower on Greece Uncertainty - 6 hours 45 min ago
24/7 Wall St. - A Tie Between the Fates of Greece and China - 7 hours 34 min ago
VIDEO:
CNN Video - Greece may need Eli Manning - 4 hours 9 min ago
Reuters Video - Markets fall on critical Greece - 5 hours 7 min ago



China bans airlines into EU carbon scheme
China Daily - 4 hours 2 min ago
China's airlines are not allowed to pay a charge on carbon emissions imposed by the Europe Union, and neither to hike freights nor to add other fees accordingly in absence of government permission, the Civil Aviation Administration of China said.
RELATED:
Wall Street Journal - China Bans Airlines From Paying EU Emissions Fees - 7 hours 25 min ago
BusinessWeek - China Bans Airlines From Joining EU Carbon Levies System - 9 hours 26 min ago
BBC - Qantas CEO warns on airline laws - 13 hours 37 min ago
France24 - China bans airlines from paying EU carbon charges: Xinhua - 18 hours 25 min ago
COMMENTARY:
Curious Capitalist - Is American the Worst-Managed Airline in America? - 9 hours 20 min ago



Daily Stock Market Activity
New York Times - 4 hours 18 min ago
Declines in early trading on Monday followed big gains on Friday on the heels of good employment figures in the United States.
RELATED:
BusinessWeek - Stocks Least Loved Since '80s as U.S. Scales Wall of Worries - 13 hours 37 min ago
COMMENTARY:
Seeking Alpha - Obama's Re-Election Odds Rise With The Stock Market - 20 min 47 sec ago
BusinessInsider - Oppenheimer: Stock Market Correlations Have Plummeted To 25-Year Lows - 2 hours 30 min ago
Zacks - Stock Market News for February 6, 2012 - Market News - 5 hours 15 min ago



Target at Post-Bailout GM: $10 Billion a Year
Wall Street Journal - 4 hours 19 min ago
The auto maker is expected to report 2011 net income of more than $8 billion and has set its sights on a once-unthinkable goal: make more than $10 billion a year.
RELATED:
Reuters - GM aims for 10 percent profit margin over next few years: report - 13 hours 33 min ago
AP - Ford asks GM to pull Super Bowl ad - 21 hours 21 min ago
COMMENTARY:
WSJ Blogs - Deal Journal : Deals of the Day: GM Aims to Reach $10 Billion Profit - 3 hours 43 min ago
24/7 Wall St. - What’s Important in the Financial World (2/6/2012) Greek Settlement, GM Profit Target - 7 hours 36 min ago
VIDEO:
WSJ Video - Post-Bailout GM Targets a $10 Billion Year - 2 hours 27 min ago



Google, Facebook remove content in India
France24 - 4 hours 46 min ago
Online giants Google and Facebook said Monday they had removed allegedly offensive content on their Indian sites as part of a court case seen as a test for Internet control and censorship.They have been named alongside another 19 Internet firms in private criminal and civil cases being heard in a New Delhi court which will determine whether they can be held responsible for obscene material generated online by users.
RELATED:
Indiatimes - Have removed objectionable content, say Facebook, Google - 11 hours 48 min ago
BusinessWeek - Google Sponsors Conservative Conference CPAC - 18 hours 36 min ago
COMMENTARY:
AllThingsD - Facing Lawsuit, Google Drops Some Content in India - 50 min 35 sec ago
BusinessInsider - Here's How Everyone Used Google During The Super Bowl (GOOG) - 54 min 5 sec ago
TechCrunch - Google Launches “Solve For X” Website, The New Home For Its Global Innovations Conference - 3 hours 3 min ago
Zacks - The Zacks Analyst Blog Highlights: Apple, Microsoft, Google, Oracle and Cisco - Press Releases - 5 hours 51 min ago
Seeking Alpha - Don't Miss The Google Train, It's Taking Off Soon - 11 hours 20 min ago



IMF Urges Beijing to Ready Bold Moves
Wall Street Journal - 5 hours 3 min ago
The International Monetary Fund urged China to run a federal deficit of 2% of GDP rather than looking to reduce the country's deficit as planned, given the uncertainty in the global economy.
RELATED:
Reuters - China growth could halve if Europe crisis worsens: IMF - 7 hours 31 sec ago
Indiatimes - IMF warns EU downturn could cut China growth - 10 hours 33 min ago
AP - IMF warns Europe downturn could cut China growth - 10 hours 51 min ago
BusinessWeek - China May See Deeper Slowdown If Crisis Worsens, IMF Says - 13 hours 37 min ago



Foreclosure Deal Deadline Arrives as States Consider Releases
BusinessWeek - 6 hours 6 min ago
States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they’ll give up.
RELATED:
BusinessWeek - Wall Street Split as Money Managers Fault Bank Foreclosure Deal - 6 hours 26 min ago
Wall Street Journal - Foreclosure Deal Gets Closer - 16 hours 45 min ago
COMMENTARY:
The Big Picture - Investing in Foreclosures: How One Company Does It - 50 min 52 sec ago



Motorola Mobility Wins Second German Ruling Against Apple
BusinessWeek - 6 hours 28 min ago
Motorola Mobility Holdings Inc. won a German patent ruling over Apple Inc.’s iCloud service that may allow the company to block sales of devices including iPhone and iPad in the country if they use the software that accesses it.
RELATED:
Indiatimes - Wall Street analysts struggle to predict Apple - 6 hours 42 min ago
COMMENTARY:
Seeking Alpha - Apple Will Follow Schumpeter's Innovation To $1,000 - 1 hour 20 min ago
BusinessInsider - THE APPLE INVESTOR: Apple Takes 75% Of The Mobile Phone Profits (AAPL) - 1 hour 53 min ago
Wall Street Pit - Three Key Products That Will Drive Apple (AAPL) in 2012 - 4 hours 35 min ago
TechCrunch - Apple Schooled Music Execs Then, Here Are The Lessons Online Video Should Learn Now - 21 hours 59 min ago



After Twitter, PMO looking at Facebook account
Indiatimes - 6 hours 38 min ago
Within days of its debut on the Twitter, the PMO is exploring the possibility of having an account on the highly popular Facebook as well.
RELATED:
BusinessWeek - Twitter Vies With YouTube for Super Bowl Fans Surfing IPads - 17 hours 37 min ago
COMMENTARY:
TechCrunch - Early Twitter Product Head Anamitra Banerji Becomes An EIR At Foundation Capital - 46 min 9 sec ago
BusinessInsider - Reuters New Tool Mines Twitter, Facebook And LinkedIn And Reveals What People Are Saying About Companies - 2 hours 8 min ago
AllThingsD - Twitter CEO Dick Costolo: The Full Dive Into Media Interview (Video) - 3 hours 51 min ago
Mike Shedlock - Country Specific Blog Censorship by Google; Twitter Employs Censorship as Well; Echo Comments Not Working on Redirects - 20 hours 28 min ago



U.S. Futures Drop
Wall Street Journal - 6 hours 59 min ago
U.S. stock futures dropped as party leaders in Greece struggled to agree on another dose of painful austerity measures and the threat of default loomed large once again.
RELATED:
BusinessWeek - European Stock Futures, Euro Drop Before Greece’s Debt Deadline - 10 hours 26 min ago
Indiatimes - Unitech rises on long positions in futures - 13 hours 50 min ago
COMMENTARY:
24/7 Wall St. - Morning Wire — US Stock-Index Futures Sliding - 5 hours 52 min ago



Glencore, Xstrata hammer out premium as deal nears
Reuters - 7 hours 34 min ago
LONDON/CAPE TOWN (Reuters) - Top executives at Glencore and Xstrata are hammering out the final details of a proposed $80 billion merger, including the premium on offer by the commodities trading giant to secure approval from the miner's shareholders.
RELATED:
France24 - Glencore 'ready to pay premium to acquire Xstrata' - 7 hours 45 min ago
BusinessWeek - Glencore Debt Shows Merger Will Reduce Rates: Corporate Finance - 18 hours 57 min ago
Reuters - Glencore offers 8 percent premium to Xstrata to seal merger: FT - 19 hours 11 min ago



Zuckerberg May Sell Stock to Pay Taxes
BusinessWeek - 7 hours 42 min ago
Shares worth $1.67 billion could be used to pay off taxes he'll owe when he exercises options
RELATED:
Indiatimes - Zuckerberg's 'Hacker Way' helped Facebook - 8 hours 55 min ago



Eastwood Calls ‘Halftime in America’ in Chrysler Super Bowl Ad
BusinessWeek - 8 hours 35 min ago
It’s “halftime in America,” and people who are out of work need look no farther than Detroit to see a way to recovery, Oscar-winning director Clint Eastwood said in a Super Bowl commercial for Chrysler Group LLC.
RELATED:
BusinessWeek - Chrysler Continues to Seek U.S. Energy Loans, Marchionne Says - 9 hours 16 min ago
Reuters - Chrysler's "Halftime" ad: a roadmap for America? - 11 hours 49 min ago
COMMENTARY:
WSJ Blogs - Washington Wire : Chrysler's Eastwood Ad: Pro Obama? - 2 hours 15 min ago
Wall St. Cheat Sheet - Chrysler’s “Halftime in America” Spot Touches a Chord - 3 hours 39 min ago
VIDEO:
WSJ Video - Chrysler: 'Seduction' Ad - 17 hours 36 min ago



Asian Stocks Advance as U.S. Jobs Data Boosts Economic Optimism
BusinessWeek - 10 hours 15 min ago
Asian stocks rose, with a regional benchmark index set to extend its longest streak of weekly advances since 2010, after U.S. unemployment unexpectedly fell, boosting the earnings outlook for Asian exporters.
RELATED:
BusinessWeek - Asia Stocks Climb on U.S. Jobs Data; Euro Drops on Debt Concern - 17 hours 38 min ago
Wall Street Journal - Jobs Data Show Growth Is Sustained - 22 hours 49 min ago



China Suffers From Lowest Lunar Sales Growth Since 2009: Retail
BusinessWeek - 13 hours 44 min ago
Chinese shoppers on their Lunar New Year holiday were less lavish than expected at Hong Kong jewelers, curbed spending on beauty brands and slowed spending at South Korean stores. They may keep that pace in the coming year of the dragon.
RELATED:
Sydney Morning Herald - Retail's annus horribilis - 15 hours 45 min ago



Record 10,000 tweets per second at Super Bowl
France24 - 14 hours 30 min ago
Twitter said users were firing off a record 10,000 tweets per second in the final three minutes of the Super Bowl.Madonna's half-time performance during the New York Giants 21-17 victory over the New England Patriots also saw a surge in Twitter activity with users tapping out an average of 8,000 tweets per second for five minutes, the San Francisco-based short-messaging service said on its Twitter feed.
RELATED:
New York Times - Advertising: Super Bowl Commercials, From Charming to Smarmy - 15 hours 57 min ago
Reuters - GM, Ford feud over Super Bowl ad - 19 hours 55 min ago
COMMENTARY:
Seeking Alpha - Super Bowl Indicator: A 'Giant' Bull Market? - 20 min 47 sec ago
TechCrunch - Brands Scored 2X Facebook Likes By Posting About Super Bowl - 30 min 16 sec ago
BusinessInsider - The TRUTH About Spending Thousands Of Dollars To Go To The Super Bowl - 1 hour 41 min ago
MarketWatch - Jon Friedman's Media Web: Super Bowl ‘only’ third-biggest TV crowd - 2 hours 9 min ago
AllThingsD - A Super Social Bowl - 15 hours 21 min ago
VIDEO:
WSJ Video - Super Bowl Best and Worst Engaging Ads - 48 min 3 sec ago
Reuters Video - Super bowl Sunday? Try Breakfast Bowl Monday! - 16 hours 28 min ago



Asian stocks rise after US unemployment falls
AP - 15 hours 51 min ago
BANGKOK (AP) -- Asian stock markets climbed Monday after U.S. unemployment fell to its lowest in three years, suggesting a stronger recovery in the world's No. 1 economy that could benefit the region's exporters....
RELATED:
New York Times - Asian Stocks Rise After U.S. Unemployment Falls - 15 hours 59 min ago
COMMENTARY:
WSJ Blogs - Real Time Economics : Secondary Sources: Manufacturing, Unemployment, Economic Confidence - 1 hour 56 min ago



Facebook Valued at $94 Billion in Auction on Private Market
BusinessWeek - 16 hours 16 min ago
Facebook Inc., the social-networking company that’s preparing for an initial public offering, had a valuation of at least $94 billion yesterday in an auction of its shares on the private market.
RELATED:
Reuters - As Facebook grows up, it courts Madison Avenue - 18 hours 1 min ago
New York Times - Facebook’s Mobility Challenge - 18 hours 53 min ago
Indiatimes - India is second fastest growing market: Facebook - 21 hours 3 min ago
COMMENTARY:
WSJ Blogs - Deal Journal : Facebook IPO Filing Didn't Help Last Week's IPOs - 23 min 5 sec ago
BusinessInsider - Why Ad Execs Are FURIOUS After P&G CEO Said Hits On Facebook Are 'Free' (PG) - 54 min 19 sec ago
Minyanville - Has There Ever Been a Higher Valuated Company With Fewer Employees Than Facebook? - 5 hours 21 min ago
Seeking Alpha - For Investors Who 'Like' Facebook: 3 Buys And 2 Sells - 9 hours 20 min ago
Naked Capitalism - Philip Pilkington: Facebook – The Second Birth of a Mighty Titan or the Withering of a Weary Giant? - 11 hours 50 min ago
MarketWatch - John Shinal's Tech Investor: Facebook and the future of public markets - 14 hours 19 min ago
NY Post - Facebook tells IPO banks not to talk about stock offering - 14 hours 27 min ago
TechCrunch - Facebook Could Jumpstart HTML5 Platform With App Bookmarks On News Feed - 20 hours 58 min ago
VIDEO:
CNET Video - Deleted Facebook photos still viewable - 2 hours 25 min ago
Reuters Video - Morning Briefing: Facebook mobile plan, Blankfein's push - 4 hours 18 min ago



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