Business News
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Streamlining costs dent Deutsche Bank in Q3
Tweet Share on Facebook 5:21AM October 30, 2012 CommentFRANKFURT, Germany (AP) — Deutsche Bank saw profits slip 3 percent in the third quarter from a year ago, as higher costs for streamlining its business and from credit writeoffs offset better revenues from investment banking and trading stocks and bonds.
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Eni gets Q3 Libya boost
Tweet Share on Facebook 5:17AM October 30, 2012 CommentMILAN (AP) — Eni SpA, Italy's largest natural gas and oil company, says third quarter earnings have risen on the back of higher production in Libya.
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Spain's economy shrinks for 5th quarter in a row
Tweet Share on Facebook 4:45AM October 30, 2012 CommentMADRID (AP) — Official figures show Spain's economy shrank for the fifth quarter in a row.
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Asia stocks up slightly despite US superstorm
Tweet Share on Facebook 10:39PM October 29, 2012 CommentBANGKOK (AP) — Asian stock markets treaded upward Tuesday, kept afloat by expectations that Japan's central bank will announce action to help the country break out of its economic slump. But trading was subdued as a massive storm hobbled New York and much of the rest of the U.S. northeast.
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2 Top Executives Leaving Apple
Tweet Share on Facebook 8:52PM October 29, 2012 Comment
Phil Schiller, Apple's senior vice president of worldwide product marketing, introduces the iPad Mini in San Jose, Calif.
NEW YORK (AP) — Apple Inc. shook up its executive ranks Monday, saying the head of its store operations is leaving after just six months on the job and the long-serving head of its iPhone software development operations is exiting next year.
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In Vietnam, US relies on pirate site to network
Tweet Share on Facebook 8:41PM October 29, 2012 CommentHO CHI MINH CITY, Vietnam (AP) — It's a wildly popular website laden with unlicensed songs and Hollywood movies, a prime exhibit of the digital piracy that is strangling the music industry in Asia and eroding legitimate online sales around the world.
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Media, advertisers ready for audience surge
Tweet Share on Facebook 8:04PM October 29, 2012 CommentSometimes it's not the size of the storm, it's where it hits. As Hurricane Sandy raged through one of the country's most densely populated regions, it created a surge in online traffic Monday as people sought weather-related news and various forms of online entertainment.
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Hurricane Sandy shuts stock trading for 2 days
Tweet Share on Facebook 7:24PM October 29, 2012 CommentNEW YORK (AP) — Remember when President Grover Cleveland ran for a second consecutive term, Jack the Ripper spread terror in London and Kaiser Wilhelm II became German emperor?
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Refineries scale back as storm moves in; oil falls
Tweet Share on Facebook 7:01PM October 29, 2012 CommentThe biggest refineries in the Northeastern United States shut down or throttled back sharply on Monday as Hurricane Sandy moved in. Oil prices fell as it appeared the massive storm will reduce demand by keeping drivers off the road and shutting businesses.
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Microsoft: Windows Phone to catch up in apps
Tweet Share on Facebook 6:46PM October 29, 2012 CommentNEW YORK (AP) — Microsoft launched a new version of its Windows Phone software with broad support from smartphone makers, cellphone carriers and app developers as the software company tries to position new Windows gadgets as strong alternatives to Apple and Android devices.
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Verizon to sell Nokia phone
Tweet Share on Facebook 6:33PM October 29, 2012 CommentNEW YORK (AP) — Verizon Wireless, the largest cellphone carrier in the U.S., on Monday said that it will sell a Nokia phone for the first time in years, lending support to the embattled Finnish company's turnaround effort.
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Sandy unlikely to damage US economy, analysts say
Tweet Share on Facebook 6:21PM October 29, 2012 CommentWASHINGTON (AP) — Airlines have canceled thousands of flights, stranding travelers around the globe. Insurers are bracing for possible damages of $5 billion. Retailers face shrunken sales.
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Storm leads companies to postpone earnings reports
Tweet Share on Facebook 6:20PM October 29, 2012 CommentNEW YORK (AP) — A number of major U.S. companies postponed quarterly earnings reports scheduled for Monday and Tuesday, as Hurricane Sandy barreled into the East Coast and caused the first unplanned shutdown of financial markets since 2001.
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Google unveils another phone, larger Nexus tablet
Tweet Share on Facebook 6:03PM October 29, 2012 CommentSAN FRANCISCO (AP) — Google is cramming a few more gadgets on to already crowded holiday shopping lists.
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Toyota on top in latest Consumer Reports survey
Tweet Share on Facebook 5:44PM October 29, 2012 CommentDETROIT (AP) — And the winner is ... Japan.
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Hurricane Sandy grounds air travel in Northeast
Tweet Share on Facebook 5:20PM October 29, 2012 CommentNEW YORK (AP) — Hurricane Sandy brought air travel to a halt in the Northeast Monday, grounding thousands of flights and upending travel plans across the globe. Planes and passengers are likely to remain stranded Tuesday and it could be a number of days before airport operations are back to normal.
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Facebook, Twitter abuzz with hurricane chatter
Tweet Share on Facebook 5:10PM October 29, 2012 CommentWhether you call it Frankenstorm, Stormpocalypse or simply Hurricane Sandy, the giant weather system barreling into the East Coast is a favorite topic of conversation on social media from Facebook to Twitter. As people post updates to friends and family, relay emergency information and lighten the mood with humor, it's clear that discussing natural disasters on social media has become as much a part of the experience as stocking up on bread and batteries.
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Superstorm Sandy takes aim at Atlantic coast
Tweet Share on Facebook 4:45PM October 29, 2012 CommentATLANTIC CITY, N.J. (AP) — A furious Hurricane Sandy began the westward lurch that forecasters feared and took dead aim at New Jersey and Delaware on Monday, washing away part of the Atlantic City boardwalk, putting the presidential campaign on hold and threatening to cripple Wall Street and the New York subway system with an epic surge of seawater.
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Storm will keep financial markets closed Tuesday
Tweet Share on Facebook 4:39PM October 29, 2012 CommentNEW YORK (AP) — Stock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading will also be closed.
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Deutsche Boerse profits halve on weak trading
Tweet Share on Facebook 4:10PM October 29, 2012 CommentFRANKFURT, Germany (AP) — Deutsche Boerse AG says its third-quarter net profit almost halved to €159.9 million ($206.3 million) from €317 million in the same period last year.
