Jobs says no to tethered iPad

Apple Inc. CEO Steve Jobs has reportedly quashed the hopes of prospective iPad buyers who thought they might be able to access the Internet with the new devices using their iPhone data plan.
Swedish record producer Jezper Soderlund reports that he asked Jobs about the practice known as tethering in an e-mail:
"I'll keep it short.
I'm Jezper […]

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King Says Hedge Funds Didn’t Cause Him to Lose Sleep in Crisis

Bank of England Governor Mervyn King said officials didn’t lose sleep during the financial crisis worrying about the failure of hedge funds, whose model provides a potential solution in regulating the banking system.
“After the failure of Lehman Brothers and the need to recapitalize the banking system, it became very clear that hedge funds, […]

Roth IRAs for teens pay off at tax time

Saving for a teenager’s retirement might sound far-fetched, especially with college costs looming. Who’s got time or money to be planning for the 2060s?
Yet setting up a Roth individual retirement account for your teen can be a smart and rewarding move to consider at tax time. You don’t have to be rich, either.
[…]

Bernanke Lays Groundwork for Exit, Avoids Timetable

Federal Reserve Chairman Ben S. Bernanke laid more groundwork for exiting his record expansion of credit without saying when he’ll take the first step.
Bernanke yesterday described how the Fed might use tools such as interest it pays on banks’ deposits to tighten credit “at some point.” In congressional testimony, he said a potential […]

New Phoenix Coyotes owners commit to long-term lease

The prospective new owners of the Phoenix Coyotes are willing to sign a long-term lease to keep the team in Arizona, but they also are looking at playing some “home” games in western Canada to boost revenue and attendance.
Ice Edge Holdings Inc. also is talking about parking charges at the Glendale-owned Jobing.com Arena to help […]

Home Prices in 20 U.S. Cities Rose for Fifth Month

Home prices in 20 U.S. cities rose in October for a fifth consecutive month, putting the housing market and economy farther along the path to recovery.
The S&P/Case-Shiller home-price index increased 0.4 percent from the prior month on a seasonally adjusted basis, after a 0.2 percent rise in September, the group said today in […]

Fry’s, Safeway workers approve contracts

Grocery workers at Fry’s Food stores and Safeway supermarkets have approved a new labor deal with management.
Fry’s parent company Kroger Co. and the United Food and Commercial Workers Union announced results of grocery employee votes Friday.
The deal resolved disputes regarding health care premiums and pay levels. Fry’s has 13,000 employees in Arizona. Safeway has about […]

Amazon says Kindle sales hit monthly record in November

Amazon.com Inc said on Monday that its Kindle electronic book reader posted its best sales yet in the month of November, as rivals struggle with fulfilling their customer orders.
The online retailer said shoppers were buying several Kindles at once as holiday gifts, while businesses and organizations were buying the device “in large quantities” for […]

California AG in billion-dollar settlement with bank

California Attorney General Edmund Brown said he has reached a billion-dollar settlement with a major bank over securities fraud charges.
Brown said in an advisory he will hold a news conference at 1 p.m. eastern time. He did not name the bank.
The settlement is expected to recoup hundreds of millions of dollars for California investors, […]

ADB’s Zveglich Sees ‘Clear Sign’ of China Credit Tightening

China is likely to tighten credit to avoid bubbles in the fastest growing major economy, the Asian Development Bank’s assistant chief economist said.
There is a “clear sign that the expansion of credit seen in the first half of this year will be reined in,” Joseph Zveglich said in an interview in Tokyo yesterday. […]