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Tuesday, January 1, 2013

Business Today: House Republicans balk at "fiscal cliff" deal

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01/1/2013
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
House Republicans balk at "fiscal cliff" deal
WASHINGTON (Reuters) - Washington's last-minute scramble to step back from a "fiscal cliff" ran into trouble on Tuesday as Republicans in the House of Representatives balked at a deal to avert a budget crisis.
Goldman execs cash in $26.8 million in stock on New Year's Eve
(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein and departing Chief Financial Officer David Viniar both exercised restricted stock units on New Year's Eve that delivered them $4.2 million in cash apiece.
Analysis: Economy would dodge bullet for now under fiscal deal
WASHINGTON (Reuters) - A deal worked out by Senate leaders to avoid the "fiscal cliff" was far from any "grand bargain" of deficit reduction measures.
Insight: How Colombian drug traffickers used HSBC to launder money
(Reuters) - When several Colombian men were indicted in January 2010 on money-laundering charges, the case in Brooklyn federal court drew little attention.
Wall Street ends 2012 riding high on "cliff" deal optimism
NEW YORK (Reuters) - U.S. stocks closed out 2012 with their strongest day in more than a month, putting the S&P 500 up 13.4 percent for the year, as lawmakers in Washington closed in on a resolution to the "fiscal cliff" negotiations.
Sharp considering raising $1.2 billion to beef up capital: media
TOKYO (Reuters) - Struggling Japanese TV maker Sharp Corp is considering raising more than 100 billion yen ($1.2 billion) this spring to bolster its capital base, the Yomiuri newspaper reported on Tuesday.
China official factory PMI points to steady growth revival
BEIJING (Reuters) - China's official manufacturing purchasing managers' index held steady in December at 50.6, matching November's seven-month high, as growth in new orders was unchanged and the pace of output softened marginally.
Best Buy loses two board directors
(Reuters) - Best Buy Co Inc said on Monday that two of its board directors had resigned, including one of its former chief executives, almost seven months after its founder, who is now mounting a bid for the struggling retailer, left the board.
Shaw CEO sells most of stake after shareholders ok CB&I deal
(Reuters) - James Bernhard, chief executive of engineering company Shaw Group Inc , has sold off most of his stake in the company he founded after shareholders approved a sale to Chicago Bridge and Iron Co NV this month.
Live Nation Chairman Azoff resigns; Liberty buys shares
(Reuters) - Irving Azoff, a legendary music manager who helped make stars out of The Eagles and Christina Aguilera, resigned as chairman of Live Nation Entertainment and sold some of his stake in the concert promotion giant to John Malone's Liberty Media Corp.
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