Career News 24/7: Business Today: S&P rises for seventh day but 1,500 too steep a climb

Thursday, January 24, 2013

Business Today: S&P rises for seventh day but 1,500 too steep a climb

Click to View in Browser

01/24/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

S&P rises for seventh day but 1,500 too steep a climb

NEW YORK (Reuters) - The smallest of gains gave the Standard & Poor's 500 its seventh straight winning day on Thursday, but the index failed to hold above the 1,500 line, restrained by Apple's worst day in more than four years.

Microsoft profit dips ahead of Office revamp

SEATTLE (Reuters) - Microsoft Corp said its quarterly profit fell as Office software sales slowed ahead of a new launch, offseting a solid start for its new Windows 8 operating system.

Starbucks profit rises on strength in U.S.

(Reuters) - Starbucks Corp reported higher quarterly profit on Thursday, after customers in the United States, its top market, spent more than expected during the economically turbulent winter holiday season.

AT&T revenue, subscriber growth beats estimates

NEW YORK (Reuters) - AT&T Inc's revenue rose faster than expected in the fourth quarter as it added more subscribers due to strong sales of smartphones like Apple Inc's iPhone, sending its shares up 1 percent in late trade.

JPMorgan looks to block shareholder proposal on bank break-up

(Reuters) - A federation of U.S. labor unions is looking to force JPMorgan Chase's board to consider breaking up the company after the disastrous "London Whale" affair, but the bank is trying to ensure that its shareholders do not get to vote on the union's proposal.

U.S. business urges Obama pursue new trade negotiating power

WASHINGTON (Reuters) - A leading U.S. business group urged President Barack Obama on Thursday to build on trade successes of the past two years by seeking legislation that would allow him to submit trade deals to Congress for straight up-or-down votes without amendments.

United, Southwest results top estimates, bookings solid

(Reuters) - United Continental Holdings Inc recorded a bigger quarterly loss and Southwest Airlines Co posted lower profit on Thursday, but results topped expectations and the carriers said current bookings were solid.

Boeing 787 probe far from complete: U.S. regulators

WASHINGTON (Reuters) - U.S. safety regulators are nowhere near finishing an investigation into a battery fire on the Boeing Co 787 Dreamliner, a top official said on Thursday, raising the prospect of a prolonged grounding for the plane.

U.S. appeals court sides with Mattel in latest Bratz fight

SAN FRANCISCO (Reuters) - A U.S. appeals court threw out a jury verdict worth more than $80 million against toy giant Mattel Inc on Thursday over trade secret claims relating to Bratz dolls that had been won by MGA Entertainment.

Bombardier shares fall as rival Embraer scoops big U.S. jet order

(Reuters) - Shares in Bombardier Inc fell on Thursday on news that rival planemaker Embraer had landed a large order to supply regional jets in the U.S. market, traditionally a strong market for Bombardier.