Insurers Oppose Obamacare Extension as Danger to Profits

Allowing Americans more time to enroll for health coverage under Obamacare may raise premiums and cut into profits, insurers are telling members of Congress in a bid to stop such a move.
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Boeing Said to Near 777X Order Haul of Up to $87 Billion

Boeing Co. is in talks with four airlines on orders for its redesigned 777X jetliner valued at as much as $87 billion ahead of next month’s Dubai Airshow, people familiar with the matter said.
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Fed Keeps $85 Billion QE Pace Looking For Stronger Growth

The Federal Reserve decided to press on with $85 billion in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve.
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Doctors Use Euphemism for $2.4 Billion in Needless Stents

The American College of Cardiology is changing its guidelines for when implanting coronary stents is appropriate -- by banishing the term “inappropriate.”
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Health Policies Canceled in Latest Hurdle for Obamacare

The Obamacare rollout is leading to the cancellation of hundreds of thousands of health insurance plans nationwide, contradicting President Barack Obama’s repeated pledge that people who like their coverage can keep it.
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Christie Confounded as Padded Services Send New Jersey Taxes Soaring

At the height of tourist season, 150,000 people vacation on Long Beach Island, an 18-mile stretch of New Jersey shore. The crowds are gone by October, when the traffic signals blink amber along the main boulevard.
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Cuomo Casino Push Seeks to Return Catskills to Past Glory

Governor Andrew Cuomo’s push to amend New York’s constitution to allow Las Vegas-style casinos may end a 59-year wait for Jackie Horner, whose story of her student “Baby” inspired the 1987 movie “Dirty Dancing.”
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BlackRock’s Fink Says There Are ‘Bubble-Like Markets Again’

BlackRock Inc. Chief Executive Officer Laurence D. Fink, whose company is the world’s largest money manager with $4.1 trillion in assets, said Federal Reserve policy is contributing to “bubble-like markets.”
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Deutsche Bank Profit Falls 94% on 1.2 Billion Euro Charge

Deutsche Bank AG, Europe’s largest investment bank by revenue, said third-quarter profit slid 94 percent after it set aside 1.2 billion euros ($1.65 billion) to cover potential legal costs and income from debt trading fell.
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U.K. Storm Brings Power Cuts, Snarls Transport in South

Millions of U.K. commuters were advised to stay at home today as the worst storm for five years forced rail operators across southern Britain to cancel morning rush-hour services.
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King Urges Obama to Stop Apologizing for NSA Phone Taps

President Barack Obama should “stop apologizing” for the National Security Agency’s telephone- surveillance program that has “saved thousands of lives,” according to Republican U.S. Representative Peter King.
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China Signals ‘Unprecedented’ Policy Changes on Agenda at Plenum

Chinese Politburo member Yu Zhengsheng said reforms to be discussed at a Communist Party meeting next month will be unprecedented, adding to signs that leaders are resolved to spur far-reaching policy changes.
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Lou Reed, ‘Walk on the Wild Side’ Rocker, Dies at 71

Lou Reed, a New York-based rock musician who co-founded the Velvet Underground and wrote and sang “Walk on the Wild Side,” has died. He was 71.
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Republicans After Shutdown Seen Losing Again on Immigration

Shortly after the U.S. government shutdown ended, President Barack Obama declared that he wanted immigration legislation back on Congress’s agenda, with the goal of passage by year’s end. Some fellow Democrats are in no hurry.
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Families Blocked by Investors From Buying U.S. Homes

Home purchases by institutional buyers reached a record high in September and all-cash buyers accounted for almost half of sales as investors responded to rising demand from renters.
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The Cardiologist Who Spread Heart Disease

Mehmood Patel still wakes up early, just as he did when he was a popular heart specialist seeing patients who waited hours for minutes of his time.
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Musk Scorns Hydrogen Vehicles Seen as Tesla Credit Threat

Elon Musk, the outspoken co-founder of electric-car maker Tesla Motors Inc., is turning his sharp tongue toward a new target: hydrogen fuel-cell vehicles.
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Ending World’s Longest Nonstop Flight Adds Five Hours

The end of the world’s longest nonstop commercial flight, a 19-hour slog between Singapore and New York, is bad news for Chia Teck Fatt.
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Yankees Among 10 MLB Teams Valued at More Than $1 Billion

The average value of a Major League Baseball team is $1 billion, more than 35 percent higher than previous estimates, according to data compiled by Bloomberg.
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Apple Bets on Fan Devotion in IPad Debut at Higher Price

Apple Inc. is responding to growing competition in tablet computers by holding firm to a strategy of selling iPads at a premium.
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Apple Preparing 65-Inch TV for Release in 2014, Analyst Says

Apple Inc. will probably start selling ultra-high definition televisions with 65- and 55-inch screens during the fourth quarter of next year, according to a Tokyo-based analyst at Advanced Research Japan Co.
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Payrolls in U.S. Rise Less Than Forecast

Employers in the U.S. added fewer workers to payrolls than projected in September, indicating the world’s largest economy had little momentum leading up to the federal government shutdown.
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Top China Banks Triple Debt Write-Offs as Defaults Loom

China’s biggest banks tripled the amount of bad loans written off in the first half, cleaning up their books ahead of what may be a fresh wave of defaults.
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Magnetar Goes Long Ohio Town While Shorting Its Tax Base

Thousands of brick houses line the streets of Huber Heights, a leafy suburb of Dayton, Ohio, named for the builder who developed it in the 1950s and nurtured its growth. Until this year, his family was the town’s biggest landlord, with a third of all rental housing. Now the tenants’ payments are being routed to a $9 billion hedge fund.
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Poor Sleep Linked to Alzheimer’s in Study of Brain Scans

Sleeping poorly or not getting enough rest may result in a type of brain abnormality associated with Alzheimer’s disease, a study showed.
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Apple to Refresh IPads Amid Challenges for Tablet Share

Apple Inc. is upgrading its iPad lineup to fend off a growing list of competitors, which are introducing their own tablets at lower prices with snazzier features.
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BIITS Replacing BRICs as Emerging Markets Not a Blanket Buy

Emerging markets risk shattering into BIITS.
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Shutdown Hit Boehner’s Favorite Diner as $24 Billion Lost

Gum Tong owns a diner in Washington, D.C., and Matt Bellinger charters fishing boats in the Florida Everglades. They have this in common: The shutdown of the U.S. government cost them money they will never get back.
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Jobs Right as Apple Customers Prefer 5s to Cheaper IPhone

Apple Inc. co-founder Steve Jobs, who emphasized high-end consumer gadgets over cheaper ones, may have been right all along.
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London’s Low Taxes Lure Foreign Companies as Banks Retrench

The Swiss town of Baar boasts clean air, easy access to ski slopes and some of Europe’s lowest personal taxes. London? Traffic and perpetual drizzle.
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Ryan Budget Plans Ignored as Lawmakers Craft Debt-Limit Deal

Representative Paul Ryan wanted big policy changes to lift the U.S. debt ceiling: a revamp of Social Security and Medicare, a framework for tax-code changes and approval of the $5.3 billion Keystone XL pipeline.
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Senate Leaders Reach Agreement to End Fiscal Impasse

The bipartisan leaders of the U.S. Senate reached an agreement to end the fiscal impasse and to increase U.S. borrowing authority. The Senate and House plan to vote on it later today, and the White House press secretary said President Barack Obama supports the deal.
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Congress Set to End Fiscal Impasse as Boehner Concedes

Congress is poised to end the 16-day government shutdown and raise the U.S. debt limit after the leaders of the Senate reached a bipartisan agreement to end the nation’s fiscal impasse.
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Senate Leaders Resume Fiscal Talks as House Scraps Vote

U.S. Senate leaders are rushing to lock up an agreement to end the fiscal impasse, stepping in after House Republicans’ last-minute plan to avert a U.S. government default collapsed.
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Bodies Double as Cash Machines With U.S. Income Lagging: Economy

Hair, breast milk and eggs are doubling as automated teller machines for some cash-strapped Americans such as April Hare.
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Putin Builds North Korea Rail to Circumvent Suez Canal

Vladimir Putin is inching closer to his goal of turning Russia into a major transit route for trade between eastern Asia and Europe by prying open North Korea, a nuclear-capable dictatorship isolated for half a century.
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Senate Debt-Limit Deal Emerging With Time Running Short

Senate leaders are poised to reach an agreement as early as today to bring a halt to the fiscal standoff, and now must race the clock to sell the plan to lawmakers before U.S. borrowing authority runs out this week.
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Fama, Shiller, Hansen Win Nobel Prize for Asset-Price Work

Eugene F. Fama, Robert J. Shiller and Lars Peter Hansen shared the 2013 Nobel Prize in Economic Sciences for at times conflicting research on how financial markets work and assets such as stocks are priced.
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Patients Pay Before Seeing Doctor as Deductibles Spread

When Barbara Retkowski went to a Cape Coral, Florida, health clinic in August to treat a blood condition, she figured the center would bill her insurance company. Instead, it demanded payment upfront.
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Lew’s Vow Not to Shift on Debt Limit Frustrates Republicans

When Treasury Secretary Jacob J. Lew told the Senate Finance Committee last week that the Obama administration would never bargain over raising the nation’s debt limit, it was a declaration the lawmakers had heard before.
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Central Banks Gaming Out U.S. Default as Deadline Nears

Central banks have begun making contingency plans on how they would keep financial markets working if the U.S. defaults on the world’s benchmark debt.
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Golfer McIlroy Sues Agent After Paying $6.8 Million Fees

Two-time golf major winner Rory McIlroy sued his former agent in a bid to end what he called an “unconscionable” contract which cost him $6.8 million in fees.
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U.S. May Join Germany of 1933 in Pantheon of Defaults

Reneging on its debt obligations would make the U.S. the first major Western government to default since Nazi Germany 80 years ago.
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London Wealthy Leave for Country Life as Prices Rise

It took more than a year for Mark Hudson to find his six-bedroom home in the English countryside. Within weeks of moving in, he got a bid that topped the 1.75 million pounds ($2.8 million) the property cost.
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Senators Struggle to End U.S. Shutdown as Default Looms

Senate leaders struggled to draft an accord that averts a U.S. default and restores full government operations, as the shutdown entered its 13th day with a lapse in borrowing authority four days away.
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Big Banks Can Be Dismantled, Say U.S. and U.K. Regulators

Even one of the largest global banks could be taken apart safely by U.S. government authorities if it were to fail today, according to banking regulators from the U.S. and U.K.
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Obama Hard-Line Debt Stance Rooted in Anger Over '11 Impasse

Shortly before President Barack Obama was re-elected, he confided to John Podesta, an informal adviser, a vow he was making for his second term: He would never again bargain with Republicans to extend the U.S. debt limit.
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U.S. Stocks Jump Most Since January on Debt-Deal Optimism

U.S. stocks jumped, with benchmark indexes rallying the most since January, as lawmakers moved toward an agreement to increase the debt ceiling and avoid a default.
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Jobless-Claims Jump Flashes U.S. Shutdown Warning: Economy

Claims for U.S. jobless benefits jumped last week to the highest level in six months, providing the first statistical warning that the damage from the partial federal shutdown is starting to ripple through the economy.
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Mother Dies Amid Abuses in $110 Billion U.S. Stent Assembly Line

Najam Azmat snaked a catheter on a guide wire into Judi Gary’s groin as he tried to insert a stent in an artery supplying blood to her pelvis and right leg.
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Recession Looms If Treasury Uses Tools to Prevent a Default

The U.S. Treasury has the means to avoid a debt default even if Congress fails to raise the government’s $16.7 trillion borrowing limit. The bad news is that it can’t prevent a recession.
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Reid Urges Boehner to Act While Speaker Calls for Talks

In simultaneous challenges to one another, U.S. congressional leaders said the other party must move first to resolve the partial government shutdown and raise the U.S. debt ceiling.
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Apple Is Said to Debut New IPads at Oct. 22 Event

Apple Inc. will update its lineup of iPads at an Oct. 22 event, a person with knowledge of the plans said, as the company works to remain ahead of rivals in the increasingly crowded tablet market.
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Robot Surgery Damaging Patients Rises With Marketing

Porter Adventist Hospital in Denver announced last year that Warren Kortz, a general surgeon on the medical staff, was the first in the Rocky Mountain region to use a technique known as robotic surgery to remove gall bladders through one incision in the belly button.
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Billionaire Cannibals Erase $4 Billion in Son-Mikitani Fight

Billionaire Masayoshi Son, Japan’s second-richest person, mounted an attack on the next wealthiest, Hiroshi Mikitani, wiping out a combined $4.3 billion in their companies’ market values.
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A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall

Anyone who remembers the collapse of Lehman Brothers Holdings Inc. little more than five years ago knows what a global financial disaster is. A U.S. government default, just weeks away if Congress fails to raise the debt ceiling as it now threatens to do, will be an economic calamity like none the world has ever seen.
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Obama Repeats No-Talks Stance as Democrats Plan Debt Bill

President Barack Obama reiterated that he won’t negotiate with Republicans over the partial government shutdown and the U.S. debt limit as Senate Democrats began preparing for a test vote on a clean debt-ceiling bill.
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Obamacare Seen Straining Clinics With Medicaid Expansion

They start showing up at the St. John’s Well Child and Family Center in Los Angeles at 5 a.m. By the time the doors open at 8 a.m., as many as 60 patients are queued up in a line that stretches down the street.
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Congress Looks for Elusive Way Out of Government Shutdown

The way out of the political morass in Congress remains elusive as the U.S. enters the second week of a partial government shutdown and with a potential lapse in U.S. borrowing authority just 10 days away.
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Boehner Says House Won’t Vote on Clean Debt Limit Bill

U.S. Speaker John Boehner said the House can’t pass an increase to the U.S. debt ceiling without packaging it with other provisions -- something President Barack Obama has labeled a nonstarter.
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Gold Befuddles Bernanke as Central Banks’ Losses at $545 Billion

Ben S. Bernanke, the world’s most- powerful central banker, says he doesn’t understand gold prices. If his peers had paid attention, they might have stopped expanding reserves that lost $545 billion in value since bullion peaked in 2011.
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U.S. to Default If Debt Ceiling Not Raised, Lew Says

Treasury Secretary Jacob J. Lew said Congress needs to pass a debt-ceiling increase by Oct. 17 or the U.S. will be “dangerously low” on cash and risk defaulting on its payments.
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Supreme Owner Made a Billionaire Feeding U.S. War Machine

Chemical warfare and car bombings are just a few of the hazards working in war-torn countries such as Iraq and Syria. For Supreme Group BV, it’s the cost of doing business.
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Some Tea Party-Backed Lawmakers Yield in Obamacare Fight

The first cracks are appearing in the Tea Party’s push to dismantle the nation’s health law as three House lawmakers with ties to the movement said they’d back a U.S. spending bill that doesn’t center on Obamacare.
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Troops Forage for Food While Golfers Play On in Shutdown

Grocery stores on Army bases in the U.S. are closed. The golf course at Andrews Air Force base is open.
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Frustrated Republicans Pressure Boehner to End Shutdown

More than a dozen House Republicans who want to drop attempts to undermine the health-care law and reopen the government are meeting among themselves and with House Speaker John Boehner -- and he’s listening.
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FBI Snags Silk Road Boss With Own Methods

From an Internet café in San Francisco, a 29-year-old free-market evangelist who called himself “Dread Pirate Roberts” allegedly used untraceable web services, an international network of servers and anonymous digital currency to run a global online exchange of cocaine and heroin.
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Boehner Debt Limit Option Said to Be Democratic Votes

U.S. House Speaker John Boehner has been telling fellow Republicans that he won’t allow the U.S. to default on its debt, even if that requires Democratic votes, according to two Republican congressional aides.
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Bipartisan House Group Offers Compromise to End Shutdown Impasse

A bipartisan group of lawmakers is proposing to House Republican and Democratic leaders a compromise to end the government shutdown by repealing a medical device tax and maintaining across-the-board spending cuts.
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Obama Says He’s Exasperated With House Republican Faction

President Barack Obama, declaring himself “exasperated,” said he won’t negotiate with Republicans on the U.S. budget until they reopen the government and raise the debt ceiling without conditions.
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U.S. Government Shut Down With No Quick Resolution Seen

The partial shutdown of the U.S. government showed no signs of ending quickly, as lawmakers stiffened their positions and sought to shift blame to the other side.
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Alaska Hunts Oil as Arctic Damage Shows Most Change From Climate

When Jerry Otto started hunting for Alaskan oil in 1980, his tractor-trailers barreled along ice roads as much as 10 feet thick for 180 days every year.
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House Offer to Blunt Impasse Criticized by Democrats

A Republican proposal to approve spending for a handful of federal agencies was swiftly criticized by Democrats, extending the impasse that forced the first partial U.S. government shutdown in 17 years.
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Government Shutdown Begins as Deadlocked Congress Flails

The U.S. government began its first partial shutdown in 17 years, idling as many as 800,000 federal employees, closing national parks and halting some services after Congress failed to break a partisan deadlock by a midnight deadline.
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Debt Ceiling Wall of Worry Another Reason for Investing

The U.S. congressional standoff that shut down the government for the first time in 17 years is a buying opportunity for stock investors, if history is any guide.
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Americans by 72% Oppose Shutdown Tied to Health Care Cuts

In a rejection of congressional Republicans’ strategy, Americans overwhelmingly oppose undermining President Barack Obama’s health-care law by shutting down the federal government or resisting an increase in the nation’s debt limit, according to a poll released today.
Read more: Bloomberg news