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Business News for Wednesday February 8, 2012
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NEW YORK -- NBC fired back at Conan O'Brien Wednesday as negotiations between the outgoing host of "The Tonight Show" and the network stalled over how much O'Brien's staff would be paid under a potential severance deal. "It was Conan's decision to leave NBC that resulted in nearly 200 of his staffers being out of work," a network representative said in an e-mailed statement. "We have already agr.. more
NEW YORK Americans have donated over $275 million dollars to the Haiti relief efforts but money isn't the only thing you can give. Here are some ideas on how to help out if you don't have readily available cash. 1. Plan to go overseas Volunteers without disaster relief experience are generally not sent to disaster zones. That said this may be the time to prepare yourself for service in a futur.. more
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NEW YORK -- Starting Thursday, investors will be able to bet on famed investor Warren Buffett's company without breaking the bank. Shareholders of Buffett's Berkshire Hathaway (BRKA, Fortune 500) met Wednesday to approve a stock split covering one class of Berkshire shares. Effective Thursday morning, the split will cut the price of these shares to around $66 each, from a recent $3,300. The mo.. more
NEW YORK -- Health care stocks rallied Tuesday in anticipation of a Republican victory in the Massachusetts Senate race. Well, now it's official. Scott Brown has defeated Martha Coakley. So what's next for health care stocks? Is the Obama reform plan dead? And if so, can health care shares continue to gain ground? Most health care stocks took a breather Wednesday. But they didn't fall as much .. more
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NEW YORK -- IBM posted a fourth-quarter profit Tuesday that beat Wall Street expectations. The tech giant also pointed to an improved outlook for 2010. The Armonk, N.Y.-based company reported a profit of $4.81 billion, or $3.59 per share, which was 9% higher than what IBM reported last year. Analysts polled by Thompson Reuters expected $3.47 per share. Sales rose a modest 1% to $27.2 billion,.. more
NEW YORK -- It's going to be harder to get a government-backed mortgage from now on. Looking to shore up its weakening finances, the Federal Housing Administration is set to announce stricter standards on Wednesday. The agency, which insured nearly a third of new mortgages in 2009, will increase the premium it charges for its mortgage insurance and require those with weaker credit scores to co.. more
-- Last year was one of the grimmest on record for small business lending, which begs the question: Will 2010 be any better? To kick off the new year, we asked the Small Business Administration to find us the first business to receive funding this year through an SBA loan. The agency came back with Lawlor's Custom Sportswear in Omaha, which had its loan application approved Jan. 7 and received a .. more
Washington Despite knowing Senate Democrats will lose their filibuster-proof majority after Tuesday night's political upset in Massachusetts, House Democrats across the political spectrum largely rejected the idea of passing the Senate health care bill. Liberal New York Democrat Anthony Weiner predicted the Senate bill wouldn't have the votes to pass the House. Weiner ridiculed House Democratic .. more
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