Latest Breaking Business News
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Microsoft Held Talks With Nokia
Nokia 's device business, according to a report in the Wall Street Journal. The talks have faltered, according to people familiar with the negotiations, and one person said talks took place as recently as this month but aren't likely to be revived. Read the full Wall Street Journal ...
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New US Climate Strategy Brewing
Barack Obama will target carbon emissions from power plants as part of a second-term climate change agenda expected to be rolled out in the next few weeks, his top energy and climate advisor said on Wednesday. Obama will take several steps to make tackling climate change a "second-term priority" that builds on first-term policies, Heather Zichal, deputy assistant to the president for ...
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Treasury considering Lloyds sale
Libor rate-rigging scandal. Senior bankers should be personally responsible for malpractice, with a new criminal offence of reckless misconduct in the management of a bank that carries a custodial sentence, the commission concluded. It also called for bankers to be licensed and to sign up to a set of banking standards rules.A Treasury spokesman said the report was a "very impressive piece ...
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US stocks bonds drop after Fed announcement
Wall Street declines after Fed releases minutes Wall Street declined, as did US Treasuries, after Federal Reserve Chairman Ben Bernanke said the central bank may begin tapering its US$85 billion-a-month bond-buying program later this year if the economy strengthens in line with its expectations. Bernanke, who spoke at a press conference after a scheduled two-day meeting of the Federal Open ...
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Stocks skid 200 points as Fed hints at stimulus slowdown
41 minutes ago Stocks accelerated their selloff in the final hour of trading on Wednesday to close over 200 points lower, after the Federal Reserve said it will maintain its bond-buying program, although Chairman Ben Bernanke hinted that the FOMC plans to moderate purchases later this year. "They don't tie themselves officially into anything but it's clearly what they're ...
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Italian designers Dolce Gabbana convicted of tax evasion
By Claudio Lavanga, Correspondent, NBC News MILAN, Italy - Fashion designers Domenico Dolce and Stefano Gabbana were given a suspended jail sentence of one year and 8 months Wednesday after being found guilty of hiding $1.3 billion in income from tax authorities.The men were convicted by a court in Milan but given a suspended sentence, which means they will avoid prison as long as they commit no ...
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Cheapism Best free jobs sites
1 hour ago If only prospective employers sought you out as aggressively as some career sites do. You could just sit back and wait for your dream job to show up on a Super Bowl commercial or banner ad. With so many websites vying for job seekers' attention, it's easy to while away precious hours trying them all. Instead, pick your spots. Experts suggest spending most of your time ...
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Consumer group says student loan debt relief firms misleading borrowers
By Bob Sullivan, Columnist, NBC News Struggling student loan debtors are being tricked into paying up to $1,600 in fees to private firms offering "debt relief" that they could get for ...
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Wall Street falls sharply on Bernanke comments
U.S. stocks fell 1% in a volatile session on Wednesday, with losses accelerating after Federal Reserve Chairman Ben Bernanke said a reduction in the rate of stimulus could occur this year if the economy continues to improve. Shortly before Bernanke spoke at a news conference, stocks fell modestly after Fed policymakers said in a statement the Fed would keep buying $85 billion in bonds per month ...
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Chancellor Unveils Plan For State-Owned Banks
Shadow chancellor Ed Balls has said the review into the future of RBS is welcome but the Government must look at all options, including splitting it ...
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Microsoft had flirted with buying Nokia WSJ says
Wall Street Journal . With such a deal, Microsoft would gain direct control over the mobile device maker, which has been the marquee partner for the software giant's fledgling Windows Phone operating system. CNET contacted Microsoft and Nokia for comment, and we will update the story when the companies respond. More to ...
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Harvard hires Xia from Morgan Stanley as chief risk officer
BOSTON (Reuters) - Harvard University said on Wednesday that it had hired Wall Street veteran Jake Xia as its chief risk officer to analyze and monitor investment exposure in its $30.7 billion ...
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Microsoft offers cash for hacker tactics
MICROSOFT has posted bounties of up to $US100,000 ($A106,000) for "truly novel" ways to hack the latest version of its Windows software for powering ...
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Microsoft Nokia had device acquisition talks WSJ
-0.26% that nearly led to the software giant acquiring the Finnish telecom company's mobile device business, according to a report in the Wall Street Journal. The Journal said that the two companies made "significant progress" toward a deal, but talks broke down due to a final price and Nokia's market position, as it trails behind Apple ...
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Instant View Fed to keep buying bonds boosts 2014 forecasts
The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close. KEY POINTS: * Describing the economy as expanding moderately, Fed officials cited further improvement in labor market conditions, and noted inflation ...
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Kodak Bankruptcy Company Seeks Court Approval for $406 Million Rights Offering
Antonio M. Perez, Kodak's chairman and CEO While members of the theatrical exhibition community are gathered at next week’s CineEurope conference, Kodak will be in a New York courtroom on June 25 for a key hearing in the company’s effort to emerge from chapter 11 bankruptcy and continue to produce film ...
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Griffiths International has more modest going-public ambitions
Despite a series of ongoing obstacles, the gang at Caracal Energy, the new name for the former Griffiths Energy International, is pressing ahead with plans to go public. The reality is that those plans keep getting pushed back - and narrowed in scope. This week, Caracal filed a 274-page non-offering prospectus with regulatory authorities in Canada designed to enable Caracal "to become a ...
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Keystone XL denial won’t block oil sands ambassador
Heavy oil from Alberta will be developed with or without the proposed Keystone XL pipeline, though the fuel will be delivered to market using less efficient means, Canada's ambassador to the U.S. said. Speaking at a Bloomberg Government breakfast in Washington Wednesday, Gary Doer said he supported the U.S. State Department's finding in March that blocking the TransCanada Corp. ...
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Men’s Wearhouse ousts founder George Zimmer who told millions ‘You’re going to like the way you look’
NEW YORK -- Apparently, Men's Wearhouse Inc. doesn't like the way its founder looks anymore. In a terse release issued Wednesday, Men's Wearhouse said it has fired the face of the company and its executive chairman, George Zimmer, who appeared in many of its TV commercials with the slogan "You're going to like the way you look. I guarantee it." In a statement ...
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Video Bernanke The fundamentals look a little better
Federal Reserve Chairman Ben Bernanke says the fundamentals of the U.S. economy "look a little better to us," particularly the housing sector, which had been a drag on growth during the ...
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Rumor Microsoft set to reverse controversial game licensing policies
changed certain policies for Xbox One "as a result of feedback from the Xbox community." More to come. ORIGINAL STORY Take this with a grain of salt for now, but Giant Bomb news writer Patrick Klepek ...
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Gay Couples Face Rental Bias HUD Says
Same-sex couples face greater discrimination when looking for a place to rent than do heterosexual couples, a new federal study finds. ...
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US STOCKS SNAPSHOT-Wall St ends sharply lower after Bernanke comments
NEW YORK, June 19 | Wed Jun 19, 2013 4:05pm EDT NEW YORK, June 19 (Reuters) - U.S. stocks fell sharply on Wednesday, with losses accelerating in afternoon trading after Federal Reserve Chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures later this year. The Dow Jones industrial average was down 205.66 points, or 1.34 percent, at 15,112.57. The ...
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Nvidias stock jumps on license plan Wall Street eyes Apple
By Noel Randewich(Reuters) - Shares of chipmaker Nvidia surged nearly 6 percent on Wednesday after the company said it plans to license its graphics technology, opening the door to new business with Apple, Samsung Electronics and other mobile device makers.Chief Executive Officer Jen-Hsun Huang told the Reuters Global Technology Summit in San Francisco on Tuesday that licensing graphics cores ...
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Best Buy recalls 5100 replacement batteries for MacBook Pro due to fire risk
Best Buy is recalling 5,100 replacement batteries for the MacBook Pro due to a fire risk. The U.S. Consumer Product Safety Commission said Wednesday that there have been 13 reports that the battery caught fire. One consumer suffered a serious burn on the leg. Best Buy Co. is voluntarily recalling both black and white ATG lithium-ion replacement batteries for the notebook computers. The ...
Feature on Bangkok
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Bangkok’s reputation under threat
Bangkok has long-been the site of political instability for the country, but this has rarely escalated into full-scale violence, now as talks between government and protests breakdown, and acts of violence increase, the city faces a difficult situation.
There is currently a days-long standoff between the government and anti-government protestors who claim the present government headed by Prime Minister Abhisit Vejajjiva was supported by the military when they came to power fifteen months ago. Read more
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