Online

How Google joined the $US1000 club

In some ways, Google’s investors are betting that quantity can beat quality.

Government

Lew fires warning over future US showdowns

The recent US government shutdown and debt limit showdown have bruised the nation's economy and "can never happen again", Treasury Secretary Jack Lew says.

Courts

JPMorgan set for record $13b settlement with US Justice Department

JP Morgan, America’s biggest bank, has reached a $US13 billion ($13.4 billion) deal with US regulators to settle claims that it mis-sold bundles of toxic mortgage debt to investors in the build up to the financial crisis.

Mortgages

JPMorgan reach $4b deal with US housing agency

JPMorgan Chase has reached a tentative $US4 billion deal with the US Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold them during the housing boom, according to a person familiar with the matter.

Banking

UK finance minister considers breaking up RBS

British finance minister George Osborne said his ministry was actively looking at breaking up the state-backed Royal Bank of Scotland to create a "bad bank" to house its problem loans, the Daily Telegraph newspaper reported on Friday.

Finance

Morgan Stanley profit beats expectations

Morgan Stanley posted a higher-than-expected quarterly profit on Friday as stock trading revenue jumped 31 per cent, surprisingly strong performance in a quarter when rivals posted smaller gains or even declines in that business.

Tea Party wisdom

Tea Party “wisdom”, as forwarded to those receiving fund manager Michael Mangan’s daily missive.

GDP

China's economic growth gains pace

China’s economy grew 7.8 per cent in the third quarter of 2013 from a year earlier, while industrial production jumped 10.2 per cent.

Telcos

Lenovo joins list of potential BlackBerry suitors

Chinese computer maker Lenovo faces regulatory obstacles if it bids for all of BlackBerry and will likely pursue just parts, sources say.

Technology

Google quarterly revenue jumps by 23%

Google beat Wall Street's revenue and profit expectations as its advertising business expanded, while losses deepened at its Motorola mobile phone business.

Computing

IBM shares dive after worse-than-expected result

IBM shares fell mas much as 7 per cent overnight after a surprisingly steep drop in hardware sales in China fueled concerns the company is struggling to sustain growth through its emerging markets business.

Banking

'Mortal' Goldman flags cuts to bonuses

Goldman Sachs' bond-trading revenue plunged and the bank slashed pay costs - an unusual step that signals its concern about performance for the rest of the year.

Europe

German economy set for 2014 rebound

Germany’s leading economic think tanks have halved their 2013 growth forecast to 0.4 per cent, but say domestic demand and investment will help drive a strong rebound next year.

Mobiles

Being ahead caused Nokia’s failure: Ex-CEO

Nokia realised the significance of smart phones ‘‘too early’’, the Finnish company’s former chief executive says in a new book, countering the view that the brand’s failure to remain a world leader was due to it being late to spot the market shift.

US standoff

Counting the costs of gridlock

Containers of goods idling at ports. Reduced sales at sandwich shops. Cancelled vacations. Reduced earnings forecasts. The US debt standoff may be over but its costs run into the billions.

Debt

S&P; says shutdown has hurt US growth

The partial US government shutdown has taken $US24 billion ($A25.24 billion) out of the economy and will cut growth in the fourth quarter significantly, ratings firm Standard & Poor's says.

Standoff

Congress approves US debt deal

The US Congress approved an 11th-hour deal to end a partial government shutdown and pull the world's biggest economy back from the brink of a historic debt default that could have threatened financial calamity.

Debt

US faces financial Armageddon: Rogoff

Kenneth Rogoff, one of the US’s leading economists, compares US debt talks with the Cuban missile crisis, as talks to end the political standoff teeter on the edge.

Results

Intel profit tops estimates, revenues flat

Intel, the world's biggest computer chipmaker, says its quarterly profit dipped 0.7 per cent from a year ago to $US2.95 billion ($A3.12 billion), but it managed to beat Wall Street estimates.

Legal

Class action launched against BlackBerry

BlackBerry shareholders have launched a class-action lawsuit against the company, alleging its optimistic sales forecasts for its new smartphones cost them hundreds of millions of dollars.

Technology

Twitter rejects Nasdaq, will list on NYSE

Social networking website Twitter said it would list its stock on the New York Stock Exchange, dealing a blow to the tech-heavy Nasdaq which bungled rival Facebook's initial public offering.

Banking

Citigroup hit by bond trading slowdown

Citigroup has posted weaker-than-expected third-quarter earnings on Tuesday as bond market trading volume dropped.

Debt

US rating placed on 'negative watch' by Fitch

US stock index futures fell after Fitch Ratings placed the country's 'AAA' rating on rating watch negative, citing the impasse in Washington over raising the debt ceiling.

Executives

Apple poaches Burberry CEO Angela Ahrendts to reverse retail slide

Burberry CEO Angela Ahrendts rebuilt the British luxury brand after excessive exposure of its trademark checkered pattern alienated wealthy clientele. Now Apple is hoping she can do the same at the world's most valuable technology company.

Washington

Fresh hopes of US debt deal

Democratic and Republican leaders in the US Senate could announce a deal late on Tuesday to extend the government's borrowing authority until February 7 and quickly re-open federal agencies that have been closed since October 1, a Senate aide said.

Float

Royal Mail shares surge as trading begins

Shares in British postal operator Royal Mail have rallied further when formal trading of the stock began following a controversial part-privatisation.

White House dismisses latest US shutdown offer by House Republicans

House Republican leaders on Tuesday floated a plan to fellow Republicans to counter an emerging Senate deal to reopen the government and forestall an economy-rattling default on US obligations.