Monthly Archives: September 2014

If analysts don’t ask questions, expect stock declines: study

Traders work on the floor of the New York Stock ExchangeBy Yasmeen Abutaleb NEW YORK (Reuters) – Earnings conference calls that inspire little more than silence are not a great sign for the company's shares in the days that follow, according to a study released on Wednesday. Researchers from the University of Texas at Austin found that when executives did not receive questions or significant feedback on earnings calls, the company could expect to see its market capitalization fall between $4.3 million and $6.1 million in the next five days. …

U.S. orders airlines to replace cockpit displays on 1,300 Boeing airplanes

The Boeing logo is seen at their headquarters in Chicago(Reuters) – The U.S. Federal Aviation Administration is requiring airlines to replace cockpit displays on more than 1,300 Boeing Co airplanes to avoid interference from Wi-Fi and cellular devices. Airlines will need to replace certain cockpit display units made by Honeywell International Inc used on Boeing's 737 and 777 jets within five years, according to an FAA document. (http://bit.ly/1qTpOYb) The FAA said the display units were susceptible to interference from Wi-Fi frequencies. …

Amazon, Disney appear close to settling dispute over movies: WSJ

A part of the signage at the main gate of The Walt Disney Co. is pictured in Burbank(Reuters) – Amazon.com Inc  appears to be close to settling a nearly two-month dispute with Walt Disney Co during which Amazon stopped offering Disney DVDs for preorder, the Wall Street Journal reported on Tuesday. Upcoming Disney DVD releases including "Guardians," "Maleficent," "Million Dollar Arm," "Planes: Fire and Rescue" and "The 100-Foot Journey" were back on Amazon last week, the WSJ said, citing a person with knowledge about the issue. …

U.S. lawmakers rebuke Secret Service over White House breach

U.S. Secret Service Director Julia Pierson testifies on Capitol Hill in WashingtonBy David Lawder WASHINGTON (Reuters) – The head of the U.S. Secret Service faced scathing criticism on Tuesday for the agency allowing an intruder with a knife to run into the White House, while details emerged of a separate security lapse involving an armed contractor who rode an elevator with President Barack Obama. Secret Service Director Julia Pierson acknowledged the agency charged with protecting Obama had failed on Sept. …

Traveler from Liberia is first Ebola patient diagnosed in U.S

CDC Director, Dr. Thomas Frieden, speaks at the CDC headquarters in AtlantaBy Julie Steenhuysen and Sharon Begley (Reuters) – A man who flew from Liberia to Texas has become the first patient infected with the deadly Ebola virus to be diagnosed in the United States, health officials said on Tuesday, a sign the outbreak ravaging West Africa may spread globally. The patient sought treatment six days after arriving in Texas on Sept. 20, Dr. Thomas Frieden, director of the U.S. Centers for Disease Control and Prevention (CDC), told reporters. He was admitted two days later to an isolation room at Texas Health Presbyterian Hospital in Dallas. U.S. …

California bans political fundraising parties at lobbyists’ homes

SACRAMENTO Calif. (Reuters) – Lobbyists in California will be banned from throwing lavish fundraising parties at their homes and offices for state candidates under a bill signed Tuesday by Democratic Governor Jerry Brown, who vetoed other proposals introduced in the wake of a series of ethics scandals. The law prohibiting residence or office-based fundraisers was introduced after a prominent lobbyist was fined $133,500 for throwing lavish parties for candidates, despite a law limiting such events to “meetings” that cost less than $500. …

Larry Ellison still the top draw at Oracle’s mega-convention

Oracle's Executive Chairman of the Board and Chief Technology Officer Larry Ellison gestures while giving a demonstration during his keynote address at Oracle OpenWorld in San FranciscoBy Noel Randewich and Bill Rigby SAN FRANCISCO (Reuters) – Larry Ellison was the main draw for tens of thousands of technology professionals at Oracle Corp's annual conference in San Francisco on Tuesday, where he joked about losing his name after relinquishing his role as the company's CEO. Ellison, who this month gave up his position as chief executive of the enterprise software behemoth he co-founded 37 years ago, stuck to his tradition of delivering the main presentation at Oracle OpenWorld. Oracle surprised Wall Street on Sept. …

JPMorgan to face U.S. class action in $10 billion MBS case

JP Morgan Chase & Co sign outside headquarters in New YorkBy Jonathan Stempel NEW YORK (Reuters) – A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis. U.S. District Judge Paul Oetken in Manhattan certified a class action as to JPMorgan's liability but not as to damages, saying it was unclear how investors could value the certificates they bought, given how the market was "not particularly liquid. …

White House moves to deal with child migrant issue

U.S. President Obama pauses while he hosts a meeting with El Salvador's President Sanchez Ceren, Guatemala's President Perez Molina and Honduras' President Orlando Hernandez in the Cabinet Room of the White House in WashingtonWASHINGTON (Reuters) – The White House announced its intention on Tuesday to establish refugee processing in Honduras, El Salvador and Guatemala to try to deter unaccompanied children from resorting to crossing the U.S.-Mexico border on their own. The announcement was made in a memorandum to U.S. Secretary of State John Kerry that also said the admission of up to 70,000 refugees to the United States in fiscal year 2015 is justified by humanitarian concerns. …

Microsoft names next operating system ‘Windows 10’

Microsoft CEO Nadella addresses the media during an event in New DelhiBy Bill Rigby SAN FRANCISCO (Reuters) – Microsoft Corp announced its 'Windows 10' operating system on Tuesday to replace the largely unpopular Windows 8, skipping a number to mark a leap toward unifying the way people work on tablets, phones and traditional computers. The next version of Microsoft's flagship product, which still runs the vast majority of personal computers and is used by 1.5 billion customers worldwide, is aimed at recapturing the lucrative business market, which generally ignored the new-look Windows 8. …