Business News

California Lottery Sales Top $5B for First Time

Posted: 10/19/2014 - California Lottery officials say they have had a winning year with annual ticket sales surpassing $5 billion for the first time in the state lottery's 30-year history.

Apple Unveils New Thin iPad

Posted: 10/16/2014 - Apple unveiled a thinner iPad Thursday with a faster processor and a better camera as it tries to drive excitement for tablets amid slowing demand.

El Dorado County Wineries Making a Comeback

Posted: 10/15/2014 - Though winemakers say they will have to adjust their yields, they are still boastful about their small case production of varietals like syrah and grenache.
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Economic News

  • China Growth Slows to 7.3%
    China’s economy grew at its slowest pace for five years in the third quarter, suggesting the government’s targeted easing measures to boost economic growth haven’t yielded expected results.
  • France Pressures Berlin for Stimulus Plan
    French ministers urged Germany to put in place a three-year, €50 billion stimulus program, deepening the confrontation over economic policy between Paris and Berlin.
  • Italian Minister Urges Patience on Economic Measures
    Italy’s Economy Minister Pier Carlo Padoan rebuffed criticism that the country is moving too slowly in liberalizing its economy, stressing that a mix of economic overhauls and budget measures recently unveiled by Rome could help boost growth by 2015.
  • Regulator: Pact With Lenders Could Expand Mortgage Access
    A top federal housing regulator in a speech Monday said Fannie Mae, Freddie Mac and lenders had reached an agreement in principle that could expand access to mortgages for many Americans.
  • Fed to Banks: Shape Up or Risk Breakup
    Federal Reserve officials told bank executives they must do more to curb excessive risk-taking and improve behavior at their firms or face stiff repercussions, including being broken into smaller pieces.
  • RBA Frets Over Housing Loans
    Australia’s central bank stressed the importance of maintaining rigorous standards on loans to property investors, reflecting its rising concern that speculators are dominating the housing market.
  • Despite Uncertainty, Fed Holds Steady
    The Fed is likely to end its bond-buying program this month even as market volatility and uncertainties about the global economy have rattled investors and led to some mixed messages from central-bank officials.
  • Pension Funds Eye Reducing Hedge-Fund Investments
    Pension-fund managers across the U.S. are rethinking their investments in hedge funds in the wake of a retreat by the California Public Employees’ Retirement System.

US Business News

  • IPhone 6 Recharges Apple's Growth
    Apple said its quarterly profit rose 13%, and it predicted record holiday sales, as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales.
  • IBM Woes Point to a Fresh Overhaul
    IBM, two decades after successfully shifting its emphasis to software and computer services from hardware, is showing signs of needing another overhaul.
  • CVS Plays Hardball With Rival Drug Chains
    CVS is offering a prescription-drug plan that charges patients more if they buy their medications at pharmacies that sell tobacco products, a plan that could benefit the company’s own network of drugstores.
  • CEO of French Oil Giant Total Dies in Moscow Plane Crash
    French oil company Total SA said Chairman and Chief Executive Christophe de Margerie died Monday in a plane crash at a Russian airport.
  • How Big Data Is Tracking City Life
    Researchers are bringing big data into the public sphere, aiming to improve quality of life, save money, and understand cities in ways that weren’t possible only a few years ago.
  • Sears Seeks New Cash Via Two Paths
    Sears is again turning to billionaire CEO Edward Lampert for funds, as the struggling retailer shores up its balance sheet ahead of the holiday season and seeks to reassure vendors worried about its health.
  • Adidas CEO Faced With Choice on Reebok
    Adidas CEO Herbert Hainer needs to decide if it’s better to welcome an unsolicited bid for the Reebok unit and cash out now on a nascent recovery in the brand or double down on a more pronounced rebound.
  • Staples Warns of Possible Data Breach
    Staples may be the latest retailer to be hacked, as the office-supply chain said it is investigating a possible card data breach.
  • AbbVie, Shire Terminate Deal
    AbbVie and Shire terminated their $54 billion deal, killing the year’s biggest agreed-upon merger amid a U.S. government push against so-called inversion deals.
  • Toyota Recalling 247,000 Vehicles for Air Bags
    Toyota Motor recalled another 247,000 vehicles that have an air bag that can rupture and send shrapnel into the passenger compartment, bringing the number of affected vehicles from six auto makers to 2.4 million vehicles.
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