Most interesting finance and busines news.
Google has bought about 1,000 issued and pending patents from IBM in its quest to shore up its defenses against suits by other technology companies, according to documents filed with the U.S. Patent and Trademark Office.
Google Inc. and IBM Corp. spokesmen wouldn’t reveal how much Google paid or why IBM was selling the patents.
The patents […]
Filed under: finance, management by Guru
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House Speaker John Boehner hastily rewrote his stalled emergency debt-limit bill yet again Friday as Senate Democratic leader Harry Reid signaled he’s ready to push ahead with his own version. President Barack Obama declared “we’re almost out of time” in a wrenching political standoff that has heightened fears of a market-rattling government default.
“The power to […]
Filed under: Uncategorized, management by Guru
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Shares of Panera Bread Co. fell 10 percent today after the bakery cafe chain announced slower sales growth at company-owned stores during the past year.
After markets closed on Tuesday, the Sunset Hills-based company reported that its second-quarter net income rose 34 percent, though a key revenue comparison fell short.
Panera, among the stronger performers in the restaurant […]
Swiss bank UBS AG lowered its annual earning forecasts and announced fresh job cuts Tuesday after posting sharply diminished second-quarter net profits of 1.02 billion Swiss francs ($1.2 billion).
UBS said net profit fell almost 50 percent from 2 billion francs in last year’s April-June period and was below analysts’ predictions of more than 1.3 billion […]
Filed under: Canada, management by Guru
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A few Greek entrepreneurs perch in front of laptops in bare offices above a ground-floor supermarket, five minutes’ walk from the Athens square convulsed by riots last month over the country’s economic crisis.
“Innovate,” a wall slogan exhorts. “Originate.” A bowl of fist-sized plastic balls sits on a table, ripe for the plucking.
Sure, the touches are […]
Filed under: online, technology by Guru
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Stocks are falling after heavy-equipment maker Caterpillar Inc. reported weak results in the second quarter, sowing doubts about the pace of the global recovery.
The weaker results from Caterpillar and a continuing deadlock over raising the U.S. borrowing limit pushed stocks lower. Overseas markets rose after European leaders reached a deal aimed at containing the region’s […]
Whirlpool Corp. is reporting a second-quarter loss largely due to the settlement of Brazilian collection dispute, but its adjusted results topped Wall Street’s expectations.
But world’s biggest appliance company said Thursday that it now expects full-year earnings at the low end of its previously reported range and shares dipped 3 percent in premarket trading.
Whirlpool lost $161 […]
Filed under: legal, technology by Guru
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After dipping its toes with a handful of St. Louis area stores, Target is now taking the plunge and converting the rest of its stores in this region to its expanded grocery format known as “PFresh.”
As it do so, the traditional grocers around the region are no doubt letting out a collective groan.
Target’s expanded grocery […]
The next step in the weeks-long saga over how to increase the government’s borrowing cap is to let House tea party forces try it their way.
A Republican “cut, cap and balance” plan set for a House vote Tuesday would condition a $2.4 trillion increase in the so-called debt limit on an immediate $100 billion-plus cut […]
Filed under: business, technology by Guru
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Minnesota’s Democratic Gov. Mark Dayton and Republican legislators struck a deal Thursday to end a budget impasse that led to the longest state government shutdown in recent history.
The deal came after a three-hour negotiating session that followed major concessions by Dayton. If details are worked out and approved by state legislators, it would end a […]