Latest Breaking Business News
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Analysis German economy to pick up but fall short of traditional pace
BERLIN (Reuters) - Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and ...
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EU risks too big to cooperate bank supervision
Former Bank of France and IMF director Jacques de Larosiere, whose recommendations to tighten financial supervision in Europe were largely endorsed by the European Commission, reacts to the G20 Pittsburgh summit outcome during an interview with Reuters in Paris September 28, ...
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Raiffeisen CEO quits over offshore deals
RBIV.VI ) Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny by the lender and ...
More Breaking Business News
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EUROPE MARKETS Europe Stocks Fall With U.S. Futures Ahead Of Data
LONDON – European stock markets dropped on Friday, adding to the prior day's sharp losses, as investors looked to the U.S., where stock futures pointed to a lower open ahead of durable-goods orders data that are expected to show little improvement.The Stoxx Europe 600 index lost 0.5% to 302.41, after sinking 2.1% on Thursday.Shares of BT Group PLC dropped 2%, after J.P. Morgan ...
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Futures Pare Losses on Strong Goods Data
FOX Business: Capitalism Lives Here U.S. stock-index futures trimmed losses Friday on a much stronger-than-expected report on durable goods orders, however, worries remained about when the Federal Reserve's QE exit strategy. Today's Markets As of 8:37 a.m. ET, Dow Jones Industrial Average futures fell 34 points to 15255, S&P 500 futures dipped 6.5 points to 1644 and Nasdaq 100 ...
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5.24.13 National Bank beats Street
National Bank of Canada announced a dividend increase and share buyback Friday along with financial results that beat analyst estimates. National Bank says its adjusted earnings hit a record $369 million -- up 6% from the same time last year. The adjusted earnings equalled $2.08 per share, which was above a consensus estimate. Net income was down year-to-year, however, due to an unusual gain ...
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Oil price falls on weak outlook for demand
BANGKOK The price of oil was knocked lower Friday by a combination of ample supplies and lukewarm demand. Benchmark oil for July delivery was down 40 cents to $93.85 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 3 cents to close at $94.25 a barrel in New York on Thursday. The price sank as low as $92.21 in the morning after weak ...
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Stop Tricking Us Kid Tells McDonalds CEO
Morning Business Memo… A 9 year-old girl has chewed out the top executive at McDonald’s for ';tricking kids into eating your food.'; The rare confrontation happened as CEO Don Thompson answered shareholders’ questions at the fast food company’s annual meeting in Oak Brook, Ill., Thursday. Hannah Robertson, whose mother Kia blogs about how parents can make ...
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Big Gas Ad Is Kmarts Latest Promotion to Play on Words
Throughout the spot, customers praise the ';big gas'; savings and ';big gas'; prices, but their repeated, rapid use of the phrase makes it sound as though they’re saying ';big a**.'; The ad starts out with customers getting gas at the pump. ';Ugh, I hate these big gas prices,'; one woman says. Another woman chimes in: ';Sounds like you could ...
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Photos Katy Perrys Hollywood Home
Katy Perry has reported bought three adjoining pieces of property for $11.2 million, according to The Real Estalker blog, one of which holds a modern home previously owned by Conan O'Brien's band leader Max Weinberg. The Weinberg home was purchased for $3 million by a trust held by Katy Perry's manager. Built in 1953, the home has 5 bedrooms and 3 ...
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US STOCKS SNAPSHOT-Futures trim declines after durable goods
NEW YORK | Fri May 24, 2013 8:37am EDT NEW YORK May 24 (Reuters) - U.S. stock index futures trimmed declines on Friday after data showed orders for durable goods rose more than expected last month, providing an encouraging sign for the factory sector. S&P 500 futures were down 5.7 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, ...
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Immigration Bill Could Create DMZ
Immigration reform took a big step when a bipartisan bill passed through the Senate Judiciary Committee this week. The 844-page measure--which also gained the endorsement of a group of pro-business economists--goes to the full Senate for consideration. While traditionally pro-immigration analysts and business interests applaud the effort, the current measure as it stands has set off alarms over ...
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Judge Favors US in Apple E-Books Case
Apple engaged in a conspiracy with publishers to increase e-book prices.U.S. District Judge Denise Cote, who is set to oversee a trial on June 3, gave her view during a pretrial hearing on Thursday.While she stressed that the view was not final and that she had read only some of the evidence so far, her comments could add to pressure on Apple to settle the lawsuit, in which the Justice ...
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Tory MP Garnier Challenges Barclays Reforms
A member of the Parliamentary Commission on Banking Standards has launched a blistering attack on Barclays' efforts to rehabilitate its reputation under its new chief executive, Antony Jenkins. In comments to Sky News, Mark Garnier, a Conservative MP whose earlier career included a stint as an investment banker, said the bank was failing to deliver on a pledge to become a more ...
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New Indonesian Central Bank Chief To Focus on Inflation Amid Political Pressure
Former Finance Minister Agus Martowardojo began a five-year term as Indonesia's central bank governor Friday, taking the reins as Southeast Asia's biggest economy faces the prospect of higher inflation and political uncertainty ahead of general elections scheduled for next year.Mr. Martowardojo's immediate priority will be maintaining price stability as the government prepares to ...
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World stocks stabilize after big sell-off
MOSCOW (AP) -- World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary ...
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New PG CEO to get base salary of $2 million
Former Chairman of the Board, President and Chief Executive Officer of Procter & Gamble A.G. Lafley speaks during the World Business Forum in New York October 6, ...
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Global shares steady but stimulus fears still present
LONDON (Reuters) - World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank stimulus may ...
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Abercrombie shares slide after earnings disappoint
+0.48% reported a first-quarter loss of $7.2 million, or $0.09 a share, narrower than the loss of $21.3 million, or $0.25 a share, a year earlier. Revenue fell 9% to $838.8 million, from $921.2 million a year earlier, the retailer said Friday. Analysts had expected a loss of $0.05 a share on revenue of $938 million, according to FactSet. The retailer said it expects second-quarter EPS of $0.28 ...
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EU to Restrict 3 Pesticides Suspected of Killing Bees
European Union authorities Friday announced broad restrictions on three insecticides suspected of causing mass bee deaths.The insecticides--clothianidin and imidacloprid, made mainly by German chemical giant Bayer AG (BAYN.XE), and thiamethoxam, made by Syngenta (SYNN.VX)--will be restricted for use on crops and seeds that attract bees. The crops include corn, cereals, sunflower and oilseed ...
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European Shares Slump Amid C-Bank Worries
World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank stimulus may curtailed. MSCI's world equity index, which shed 1.4 percent for its second biggest daily loss of the year on Thursday, was virtually unchanged, with losses in Europe cancelling out a rise of nearly one ...
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Cathay Financial to Sell up to 400 Million Shares in Rights Issue
Cathay Financial Holdings Co. (2882.TW) said Friday that it plans to sell up to 400 million shares in a rights issue and estimates the transaction to be completed by the third quarter, pending regulatory approval.In a statement, the company said the purpose of the sale is to inject fresh capital into its banking unit.Cathay, the biggest financial conglomerate by listed assets in Taiwan, is one ...
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HSBC Actively Supporting Regulators to Improve Financial Stability
Financial services company HSBC Holdings PLC (HSBA.LN) Friday said it is actively supporting governments and regulators to improve financial stability, and reaffrirmed its expectation to generate a further $2 billion to $3 billion in savings over the next three years.MAIN FACTS:-Continues to manage costs and streamline processes and procedures.-Refined cost efficiency target to focus on ensuring ...
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Online learning gets fresh look from a heavyweight
digital badges want to know. So far, these institutions have gotten away with their leave-us-alone position, but hungry high-tech entrepreneurs and venture capitalists have trained their sites on the college classroom. An online learning revolution? A potentially revolutionary change that has garnered the most interest is online education. The biggest gorilla in this space are the MOOCs, ...
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How to take a serious bite out of corporate tax avoidance | Prem Sikka
gnash their teeth and the corporate merry-go-round continues.It is time to completely revamp the global corporate tax system and I've got an ...
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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