04/18/13 The Raw Business News Feed

Comprehensive Real-Time News Feed for Business News.

• Dish tells FCC its Sprint buyout is 'better for national security' _{2013-04-18, 09:20 pm}
  After making a surprise bid of $25.5 billion to acquire Sprint on Monday -- which would snatch the mobile provider from the hands of Japan's SoftBank -- Dish submitted a filing to the Federal Communications Commission on Thursday claiming a SoftBank acquisition of Sprint wouldn't be good for U.S. national security.
• Casino, Obama library floated as possibilities for Michael Reese site _{2013-04-18, 08:56 pm}
  A casino/entertainment complex, a major convention hotel and a Barack Obama presidential library are being floated as possible anchors for a mixed-use redevelopment of the former Michael Reese Hospital site on the Near South Side.
• Recession brought jobs back to city centers, study finds _{2013-04-18, 05:02 pm}
  The Great Recession reversed a decades-long trend of so-called job sprawl -- employers spreading out to the suburbs or beyond a city's central business district -- according to a study released Thursday by the Brookings Institution.
• ComEd ranks low in consumer satisfaction _{2013-04-18, 03:31 pm}
  Commonwealth Edison ranked among the five worst utilities for customer satisfaction in 2012, according to a report by the American Customer Satisfaction Index.
• Video: China Has `Enormous' Appetite for Gold _{2013-04-18, 10:31 pm}
  Nigel Moffatt, treasurer at the Perth Mint, talks about the demand outlook for gold.
• Video: South Korea Can Manage Impact of Weak Yen _{2013-04-18, 10:31 pm}
  Kwon Goohoon, an economist at Goldman Sachs Group Inc. in Seoul, talks about the outlook for South Korea's economy.
• BlackRock Bullish Bonds as Analysts See Rout: Australia Credit _{2013-04-18, 10:26 pm}
  Strategists predict Australian bonds will fall in 2013 for the first time in four years.
• U.S. Carriers Set Up Warnings to Prevent'Bill Shock' _{2013-04-18, 10:22 pm}
  U.S. mobile operators will warn subscribers when they're heading toward a big bill, after most carriers agreed to send email or text alerts when users are about to exceed their monthly usage limits or start using international roaming.
• Market Comment: Lenovo May Ignore Ibm Server Unit News _{2013-04-18, 10:13 pm}
  Lenovo shares for now may not react too much to news that IBM is in advanced discussions to sell its so-called x86 server business to Lenovo; an exact sale price wasn't known, but could be worth billions of dollars, according to one of the people familiar with the matter.
• Lenovo: In Preliminary Negotiations on Potential Acquisition _{2013-04-18, 10:13 pm}
  Lenovo Group Ltd. said Friday that it is in preliminary talks "with a third party in connection with a potential acquisition," after people familiar with the situation said earlier the Chinese PC maker was in talks to buy International Business Machines Corp.'s computer server business.
• U.S. Treasury Official: No Financial Firm Will Be Bailed Out Again _{2013-04-18, 10:13 pm}
  U.S. taxpayers will never again have to bail out a failing financial firm, a top Treasury Department official said Thursday, pushing back at criticism that regulators have failed to appropriately deal with too-big-to-fail banks.
• UBS Industrials Banker Knapp Leaves For Blackstone: Sources - Reuters _{2013-04-18, 10:12 pm}
  Global head of industrial investment banking at UBS AG (UBS) Karl Knapp has left the company to join The Blackstone Group LP's (BX) advisory business, the Reuters news agency reported Thursday on its website, citing two unnamed sources familiar with the matter.
• Media Mogul Lines Up China Funding For Refinery _{2013-04-18, 10:12 pm}
  Canadian media mogul David Black said late Thursday the Industrial & Commercial Bank of China Ltd.
• George Soros "Is Alive and Well" -Spokesman _{2013-04-18, 10:12 pm}
  Thomson Reuters accidentally published a templated version of an obituary of legendary investor earlier this evening.
• Asian Shares Mostly Lower, Australia Rebounds _{2013-04-18, 10:12 pm}
  Poor Chinese growth data, which was released on Monday, set the tone for Asian markets this week.
• Treasury's Miller: No Banks Will Be Bailed Out _{2013-04-18, 10:12 pm}
  No financial institution, regardless of its size, will be bailed out by taxpayers again, Treasury Undersecretary for Domestic Finance Mary Miller said Thursday.
• Japan Stocks Volatile, Face Weekly Loss _{2013-04-18, 10:12 pm}
  Japanese blue-chips were volatile in early trading Friday, with the benchmark Nikkei Stock Average likely to post its first weekly loss in four weeks.
• Hong Stocks Gain, With Lenovo a Standout Riser _{2013-04-18, 10:12 pm}
  Hong Kong stocks rose in early trading Friday, with the move coming after five consecutive sessions of declines.
• FAA May End Dreamliner Grounding Friday: WSJ _{2013-04-18, 10:12 pm}
  The U.S. Federal Aviation Administration may lift its three-month grounding of Boeing Co.'s 787 Dreamliner planes as early as Friday, according to a Wall Street Journal report late Thursday, citing unnamed sources.
• Boston Victim Relief Fund Raises Millions _{2013-04-18, 10:11 pm}
  Former McDonald's USA CEO Ed Rensi on the large amounts of money corporations have already donated to the Boston victim relief fund.