http://businessnewsweblog.com Economic and Business Wed, 08 Feb 2012 07:28:04 +0000 http://backend.userland.com/rss092 en In a letter to investors included in Facebook's IPO filing, CEO Mark Zuckerberg outlined his philosophy for running what has become a multi-billion-dollar business. At core of that philosophy: Love your hackers. "We have cultivated a unique culture and management approach that we call the Hacker Way," Zuckerberg ... http://businessnewsweblog.com/facebook-ipo-highlights-the-hacker-way/ The owner of the Pizza Hut, Taco Bell and KFC chains says its fourth-quarter profit rose 30 percent, thanks to its fast-growing overseas operations and to a strong showing from Pizza Hut in the U.S. Yum Brands Inc. said Monday that Taco Bell had another sluggish quarter in the U.S. ... http://businessnewsweblog.com/yum-brands-posts-30-percent-4th-qtr-profit-rise/ The pace of growth in the U.S. services sector accelerated in January to its highest level in nearly a year as new orders and employment jumped, an industry report showed on Friday. The Institute for Supply Management said its services index rose to 56.8 last month from a ... http://businessnewsweblog.com/january-service-sector-growth-highest-in-nearly-a-year-ism/ Greece http://businessnewsweblog.com/greece-seeks-second-rescue-fights-for-euro-bloomberg/ Inflation in the 17 countries that use the euro was unchanged in the year to January at 2.7 percent, official figures showed Wednesday, reinforcing market expectations that the European Central Bank will decide to keep interest rates unchanged at its next policy meeting. The first estimate for the month from ... http://businessnewsweblog.com/eurozone-inflation-steady-at-27-percent/ Japan's industrial production rebounded 4 percent in December from November and household spending increased for a second month, suggesting the still-weak economy is gaining some steam after last year's tsunami disaster and flooding in Thailand that disrupted manufacturers' supply chains. Output of automobiles, cell phones and semiconductors drove the gains ... http://businessnewsweblog.com/japans-industrial-output-rebounds-4-percent/ Treasury five-year note yields fell to the lowest level ever after Federal Reserve officials unexpectedly said their benchmark interest rate will stay low until at least late 2014. Yields on the securities set three consecutive records after Fed Chairman Ben S. Bernanke said Jan. 25 that the central ... http://businessnewsweblog.com/treasury-five-year-yield-falls-to-record-low-on-fed-strategy-bloomberg/ Cass Informations Systems reported fourth-quarter 2011 net income of $5.5 million, or 53 cents per share, compared with $5.1 milllion, or 48 cents per share, in the corresponding period of 2010. For the year, Cass--a Bridgeton-based provider of invoice payment and information services--reported record net income of $23 million, or ... http://businessnewsweblog.com/cass-reports-record-profit/ One year after Egypt knocked global finance off the agenda at the World Economic Forum, Arab officials returning to Davos may struggle to drum up interest in the region. Across North Africa, where uprisings ended the autocratic rule of three men, economic growth has stalled, stock markets have ... http://businessnewsweblog.com/arab-spring-stumps-davos-investors-year-after-egypt-revolt-bloomberg/ JEFFERSON CITY - The gambling industry will fight Gov. Jay Nixon's proposal to raise casino entrance fees by $1 per patron to help finance the state's veterans homes. Casino lobbyist Mike Winter told the House Veterans Committee on Tuesday that the proposal amounts to "a bottom-line hit of $53 million ... http://businessnewsweblog.com/casinos-will-fight-nixon-on-1-entrance-fees-to-help-veterans-homes/