Daily Archives: January 24, 2013

Starbucks praises ‘loyal’ UK customers

Fall in the average amount spent by each customer at the coffee chain more than offsets a 2 per cent rise in customer numbers  More »

Boeing battery fire ‘unprecedented’

Battery on Boeing aircraft spewed out hot, molten electrolytes, despite presence of numerous systems meant to prevent such an event, says NTSB chief  More »

President’s choice for SEC has daunting task

Mary Jo White will join the SEC as it strives to recover its footing as Wall Street’s top enforcer, if confirmed by the Senate  More »

Morgan Stanley chief to take pay cut

While investors responded enthusiastically when the bank reported fourth-quarter profits of $481m, it is still working its way through restructuring  More »

Noble Corp. says structural defects not at fault in jackup tilt

Investigators have ruled out structural defects as a cause in the listing of the newbuild Noble Regina Allen jackup last month, Noble Corp. officials said.  More »

Seaway Pipeline capacity cut by ‘unforeseen constraints’

Enterprise Products Partners LP told shippers today that capacity was limited on its expanded Seaway Pipeline due to “unforeseen constraints in outbound takeaway” at the Jones Creek terminal.  More »

Lawmakers urge exports of U.S. natural gas

More than 100 lawmakers are urging Energy Secretary Steven Chu to permit more exports of natural gas.  More »

S&P 500 briefly breaches 1,500

Manufacturing figures point to further acceleration of China’s recovery, but technology stocks come under pressure after Apple’s disappointing results  More »

Microsoft price cuts hint for Windows PCs

Revenues at software company barely rise and earnings fall amid a series of important product launches that dent short-term performance  More »

Barclays top brass face fresh Libor heat

UK court told that email evidence suggests top executives knew the bank was lowballing its submissions to the rate-setting process  More »

Obama names White to head SEC

Nominee worked for nearly nine years as US attorney in Manhattan, where she gained recognition prosecuting white-collar crime and terrorism cases  More »

Italian PM under fire over bank crisis

Supervision of Monte dei Paschi di Siena by the Bank of Italy while Mario Draghi was governor has come under attack as a fierce political outcry erupts  More »

IBM develops gel to fight infections

Gel’s goal is to replace antibiotics as their overuse creates drug resistance that costs the US an estimated $20bn a year in healthcare costs  More »

Twitter launches six-second video service

With popularity of the Instagram and Snapchat showing the importance of images, Twitter is hoping to leapfrog its rivals by adding simple video service  More »

Fears over ECB longer-term funding scheme

With strong banks expected to repay and weaker ones in need of funds, bankers fear early repayment window will hasten advent of two-tier banking market  More »
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