Career News 24/7: Business Today: Twitter likely to price above expected $25 range: sources

Wednesday, November 6, 2013

Business Today: Twitter likely to price above expected $25 range: sources

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11/6/2013

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

Twitter likely to price above expected $25 range: sources

(Reuters) - Twitter Inc is likely to price its hotly anticipated initial public offering later on Wednesday above an already bumped-up target range, according to sources familiar with the process.

U.S. regulator prepares crackdown on debt collectors

WASHINGTON (Reuters) - Debt collectors using text messages and social media to pursue delinquent borrowers could come under new scrutiny as the U.S. consumer financial watchdog considers new rules as part of a crackdown on the collection industry.

Senators seek to kill tax break for corporate settlement costs

WASHINGTON (Reuters) - Banks and corporations would no longer be able to claim tax deductions for certain payments made under legal settlements with the U.S. government involving alleged business misconduct, under bipartisan legislation offered on Wednesday in the Senate.

Dow, S&P close higher on Microsoft, Europe

NEW YORK (Reuters) - The Dow industrials closed at a record high, led by gains in Microsoft Corp and encouraging European economic data, while the S&P 500 also rose but closed shy of its own record.

Dish Network to close all Blockbuster stores, lay off 2,800

(Reuters) - Dish Network said on Wednesday it will close all 300 or so retail locations of the Blockbuster video rental chain by January, closing a chapter on a brand that failed to compete in the digital world.

Analysis: Park's promise of second South Korea miracle risks ringing hollow

SEOUL (Reuters) - South Korean President Park Geun-hye took office in February pledging a "Second Miracle on the Han River", a reference to her father's rapid 1970s industrialization, but nine months into office little has materialized.

AIG settles with former executive before $274 million pay trial

NEW YORK (Reuters) - American International Group Inc has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008.

GM's new customer-service guru faces big task

DETROIT (Reuters) - Consumers who call to complain about their General Motors Co car or truck should not be surprised if they end up bending the ear of the fast-rising executive in charge of putting a friendlier face on the U.S. automaker.

Exclusive: EU to fine banks billions of euros over rate rigging

BRUSSELS (Reuters) - A number of finance firms, including Royal Bank of Scotland and Rabobank face billions of euros in fines next month from European Union regulators for colluding on global benchmark interest rates, reinforcing Brussels' hard line on the sector after the financial crisis.

Exclusive: Qatari fund invests in BlackBerry debt offer - source

DUBAI (Reuters) - Qatar Holding LLC is among a handful of investors that have put money into BlackBerry's $1 billion convertible debt offering, a source familiar with the financing plan said on Wednesday.