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Updated 8 minutes ago
Business

Pay Cuts, but Little Headway in What Matters Most

New York Times - Joe Nocera - ‎11 minutes ago‎
And then the country's pay czar descended from the mountaintop, or at least from his Washington law office, and handed down his rulings.

Stocks rally on earnings optimism

CNNMoney.com - ‎3 hours ago‎
Better-than-expected results from Travelers, AT&T, McDonald's and 3M push the Dow past 10000 again, sparking a bigger rally.

Amazon profit surges 69%

CNNMoney.com - Hibah Yousuf - ‎3 hours ago‎
E-commerce giant blows past Wall Street's expectations, with growth attributed to sales of the Kindle. Amazon reduces prices of the e-reader to $259.

Strong Profit at American Express

New York Times - ‎1 hour ago‎
By REUTERS Net income fell to $640 million, or 53 cents a share, from $815 million, or 70 cents a share, a year earlier, the company said.

MEMC posts 3Q loss; to pay $200 mln for SunEdison

The Associated Press - ‎18 minutes ago‎
ST. PETERS, Mo. - Silicon wafer manufacturer MEMC Electronic Materials Inc. said Thursday it fell to a third-quarter loss, reversing a year-ago profit, as sales plummeted 43 percent.

Court Shakes Up New York Landlords

Wall Street Journal - Lingling Wei, Dawn Wotapka - ‎33 minutes ago‎
New York's highest court ruled Thursday that owners of one of New York City's largest apartment complexes improperly raised rents on thousands of units removed from the city's rent-regulation program.

Netflix reports 48% profit jump, lifts forecasts

MarketWatch - David B. Wilkerson - ‎18 minutes ago‎
CHICAGO (MarketWatch) -- Online DVD rental pioneer Netflix Inc. said Thursday that its third-quarter profit rose 48% on greater subscriptions to its services, with the company raising its subscriber and revenue ...

UPDATE 4-Wal-Mart shrinks US supercenters, sees tepid sales

Reuters - Nicole Maestri - ‎49 minutes ago‎
Wal-Mart Stores Inc (WMT.N) fueled its aggressive US expansion this decade by opening supercenters that on average have more square footage than three American football fields.

China's Growth Picks Up Speed but Raises Concerns

New York Times - Andrew Jacobs - ‎2 hours ago‎
BEIJING - The Chinese economy, already one of the fastest-growing in the world, picked up more speed during the third quarter, adding fuel to a debate over whether, and when, the Chinese authorities might start reining in stimulus ...
The China Hype BusinessWeek

Dole Food's IPO Prices at $12.50 a Share

Wall Street Journal - Lynn Cowan - ‎45 minutes ago‎
Dole Food Co.'s initial public offering of 35.7 million shares priced at $12.50 a share Thursday, below the expected price range of $13 to $15.

Synaptics shares jump on strong 1Q results

The Associated Press - ‎18 minutes ago‎
SANTA CLARA, Calif. - Touchscreen technology maker Synaptics said Thursday its first-quarter net income fell 23 percent as a one-time tax charge offset growth in demand for mobile phone screens.

UPDATE 3-Broadcom questions if Santa will come this holiday

Reuters - Sinead Carew - ‎1 hour ago‎
CHICAGO, Oct 22 (Reuters) - US chip maker Broadcom Corp (BRCM.O) warned that the economy may not be out of the woods yet and expressed concerns about the holiday season, after reporting lower profits and revenue in the third quarter.

UPDATE 2-State Street's Logue to retire in March

Reuters - Svea Herbst-Bayliss - ‎1 hour ago‎
BOSTON, Oct 22 (Reuters) - State Street Corp (STT.N) chief executive Ronald Logue, who helped grow the company into one of the world's biggest institutional money managers, said on Thursday that he plans to retire on March 1.

Home Tax Credit Audit Shows Abuses

New York Times - Jackie Calmes - ‎38 minutes ago‎
WASHINGTON - Just as Congressional leaders are calling for an extension of a popular $8000 tax credit for first-time homebuyers, or even an expansion to all home purchasers, government investigators reported Thursday that their audits ...

Nucor sees weak steel demand continuing in Q4

Reuters - Carole Vaporean, David Gregorio - ‎3 hours ago‎
NEW YORK, Oct 22 (Reuters) - US steelmaker Nucor Corp. (NUE.N) said on Thursday, demand from service centers improved somewhat along with output in the third quarter, but it did not see increased end use demand, and operating rates ...
Nucor Swings to Loss Wall Street Journal

CORRECTED - UPDATE 4-Juniper outlook beats, CEO passive on M&A

Reuters - Ritsuko Ando - ‎49 minutes ago‎
NEW YORK, Oct 22 (Reuters) - Network equipment maker Juniper Networks Inc's (JNPR.O) quarterly results and outlook exceeded Wall Street estimates, adding to hopes that a recovery in telecommunications spending was underway.

The New York Times: The Bad News About The Good News

Forbes - Evan Hessel - ‎2 hours ago‎
Leadership at this old-media bellwether seems truly confused by what to do next. Not a good sign for the news business. For a news business short on good business news, The New York Times Co.

Eastman Chemical 3Q net income edges higher

The Associated Press - ‎1 hour ago‎
KINGSPORT, Tenn. - Eastman Chemical Co. said Thursday its third-quarter net income inched higher as lower raw material costs helped offset a 26 percent drop in revenue.

UN suggests 2020 climate goals for poor

Reuters - Krittivas Mukherjee - ‎9 hours ago‎
NEW DELHI, Oct 22 (Reuters) - A top UN official suggested a 2020 greenhouse gas goal for developing nations on Thursday as part of a new UN climate pact as China and the United States sought common ground to fight global warming.

Xerox, AT&T, Kimberly-Clark are big movers

The Associated Press - ‎1 hour ago‎
NEW YORK - The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange: NYSE: Xerox Corp.

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