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Large rally places job demands on Italian government

Sun, 19 May 2013 10:41:41 -0400

Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job creation ...

Americans happier with economic figures

Sun, 19 May 2013 10:39:30 -0400

Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...

Work starts on creation of new Dubai island

Mon, 20 May 2013 04:26:18 -0400

Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

Financial Times allegedly hacked by Syrians

Sun, 19 May 2013 10:37:49 -0400

Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...

Target looks for new ideas from digital world

Sun, 19 May 2013 10:34:21 -0400

Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...

Hackers target important Saudi websites

Sun, 19 May 2013 10:36:20 -0400

The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...

United Airlines resumes 787 flights after 4-month halt with flight from Houston to Chicago

Mon, 20 May 2013 12:51:21 -0400

United Airlines is getting its 787s back in the air. The planes are flying again after being grounded for four months because of smoldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another. Federal authorities lifted the grounding order on April 19 but it has taken Boeing, which makes the plane, and the airlines a few more ...

Oil rises on higher US stocks falling dollar

Mon, 20 May 2013 12:51:08 -0400

Oil moved higher as U.S. stock markets reversed early losses. At midday, the Dow Jones industrial average showed a gain of 19.82, or 0.1 ...

Smashburger Why more burger joints

Mon, 20 May 2013 12:51:01 -0400

While Prokupek's background is in the technology field, he was a savvy enough businessman to know that his partners in the culinary world had tapped into a niche that still had plenty of room for innovation. In this case, smashing, searing and seasoning the beef patties on the grill, he learned, was the key to a tastier burger that was still ...

Byetta may ease Parkinsons study says

Mon, 20 May 2013 12:51:00 -0400

according to a study released Monday in the Journal of Clinical Investigation. Symptoms worsened in a control group not given Byetta, generically known as ...

Broadway’s Foxwoods Theater sold to UK’s Ambassador in $65M deal

Mon, 20 May 2013 12:48:20 -0400

Live Nation has reached a $65 million deal to sell Foxwoods Theater - one of Broadway’s biggest houses - to Britain’s Ambassador Theater Group, The Post has learned. Live Nation is expected to announce the deal later today for the 1,932-seat West 42nd Street theater, the current home of "Spider-Man: Turn Off The Dark." "The owner wants to be hugely respectful to the ...

Bauxite Resources new chief executive officer takes the reins

Mon, 20 May 2013 12:47:12 -0400

(MENAFN - ProactiveInvestors - Australia) Bauxite Resources' (ASX: BAU) new chief executive officer and executive director Peter Canterbury has commenced employment today.Canterbury joins Bauxite Resources from Sundance Resources (ASX: SDL), where he had been the chief financial officer for the past six years.He played a key role in rebuilding the company as acting chief executive following ...

Scottish independence could threaten thousands of banking jobs

Mon, 20 May 2013 12:44:00 -0400

Scottish independence would most seriously impact upon banks and insurers, warns Sajid Javid, left, with Michael Moore. Photographs: Jeff J Mitchell/Getty ...

Supermarkets summoned to explain confusing pricing policies

Mon, 20 May 2013 12:43:59 -0400

supermarkets have been asked to explain their confusing and inconsistent use of "unit prices" on food and drink products in the first step of a new government drive to help cash-strapped consumers work out which are ...

Contactless cards how safe is your money

Mon, 20 May 2013 12:43:57 -0400

Marks & Spencer customers complained that they unwittingly paid twice when their contactless cards were activated. How can you prevent charging ...

Sony Releases PS4 Teaser Trailer As It Battles Microsoft For Gamers Attention

Mon, 20 May 2013 12:43:24 -0400

has released a blurry teaser trailer for its Playstation 4 just one day ahead of its rival's big Xbox reveal. There are a lot of closeups and difficult-to-decipher geometry, but the intent here is clear -- Sony is going to show us what the PS4 actually looks like. The company got some flack for holding its big reveal in February without actually revealing the console, and now it's ...

Wall Street trade group taps ex-senator Gregg as CEO

Mon, 20 May 2013 12:36:21 -0400

The top trade and lobbying group for the securities industry on Monday snagged two ex-members of Congress for high-level jobs. Former senator Judd Gregg, a New Hampshire Republican, is the new CEO of ...

Death cross brewing in bond market

Mon, 20 May 2013 12:34:53 -0400

The short-term average has been moving lower and the long-term average has been creeping up over the past few weeks as yields move higher. On Friday, the 50 day moving average was 1.82%, compared with 1.78% for the 200 day moving average. If history is any guide, hitting the death cross could lead to more bond buying, a sharp drop in yields and a correction in stock prices, according to Abigail ...

European stocks close higher

Mon, 20 May 2013 12:27:49 -0400

EUROPE'S leading stock markets have closed higher, with London's FTSE 100 index of leading shares adding 0.48 per cent to 6755.63 ...

Bank Analyst Michael Mayo Doesnt Want the `Jamie Show at J.P. Morgan Meeting

Mon, 20 May 2013 12:26:08 -0400

When veteran bank analyst Michael Mayo heads to Tampa, Fla. to attend J.P. Morgan Chase & Co.'s (JPM) annual meeting Tuesday, he will be looking for more than just the "Jamie Show."With shareholders pushing for changes to the board and the separation of the chairman and chief executive roles, Mr. Mayo said he is hoping to get a better sense of the bank's directors--the ...

MARKET SNAPSHOT U.S. Stocks Grind Higher To All-time Highs

Mon, 20 May 2013 12:26:08 -0400

SAN FRANCISCO – U.S. stocks traded slightly higher, grinding further into all-time high territory after a slow start Monday with Yahoo Inc.'s acquisition of Tumblr and other deal news dominating investor attention.The S&P 500 index (SPX) rose 2.6 points, or 0.2%, to 1,670.07, with energy posting the biggest gains of its 10 major industry groups, while consumer staples was the ...

How Coca-Cola Used Vending Machines To Try To Unite The People Of India And Pakistan

Mon, 20 May 2013 12:24:47 -0400

Specially-designed Small World Machines placed in both countries in March served as live communications portals. Now, Coke has released a video that allows everyone to witness the joyous ...

Colgate Planning Caffeinated Toothbrush

Mon, 20 May 2013 12:21:04 -0400

Image credit: U.S. Patent and Trademark Office News reports suggest Colgate-Palmolive applied to patent a caffeinated toothbrush, but the actual patent application only referred to a proposed device that hypothetically could release caffeine or any other substance or flavoring, and create sensations in a user’s mouth. So maybe they did plan a caffeinated toothbrush. Maybe not. ...

Watch Yahoo Buys Tumblr for $1.1 Billion

Mon, 20 May 2013 12:21:04 -0400

At noon Wall Street little changed deals provide support

Mon, 20 May 2013 11:48:08 -0400

U.S. stocks were little changed on Monday as acquisition activity gave support but investors were reluctant to rush into the market with indexes hovering around record levels.Deals including Yahoo Inc.'s $1.1-billion (U.S.) bid for Tumblr Inc. indicate that companies continue to search for growth through acquisitions, a bullish sign for stocks. Yahoo was up 0.8 per cent at ...

Financial Stocks Bank of America leads financials higher

Mon, 20 May 2013 11:42:24 -0400

NEW YORK (MarketWatch) - Financial stocks were up in early trades on Monday, continuing their winning streak ahead of Fed Chief Ben Bernanke's testimony to Congress on ...

Tech Stocks Yahoo shares edge up after Tumblr deal

Mon, 20 May 2013 11:42:23 -0400

SAN FRANCISCO (MarketWatch) -- Yahoo Inc.'s $1.1 billion acquisition of blogging-service operator Tumblr claimed the tech sector's spotlight on Monday, with the deal seen as a potential gamble by Chief Executive Marissa Mayer in her attempts to reinvigorate the one-time Internet ...

Wall St dips but deals lend support

Mon, 20 May 2013 11:40:53 -0400

Deals including Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record highs, a bullish sign for ...

David Cameron told to stop moralising to multinationals over tax

Mon, 20 May 2013 11:39:33 -0400

David Cameron , calling on him to stop "moralising" on how multinational corporations should be taxed.Roger Carr, flanked by some of the country's most powerful global business leaders, trooped into Downing Street on Monday for a 3pm meeting of the prime minister's business advisory group. Around the table were chief executives of the UK ...

Tesco eyes China JV

Mon, 20 May 2013 11:39:29 -0400

Tesco, Britain's largest retailer, plans to establish a joint venture in China, a bid to control its capital expenditure in global expansion, the Financial Times reported Monday. The supermarket chain that came here in 2004 is seeking partners in China for the venture, the report said, citing three sources close to the matter. Analysts said China Resources Company is the most suitable ...

Local stocks extend run-up following Wall Street rally

Mon, 20 May 2013 11:39:19 -0400

Stock markets in Shanghai and Shenzhen carried their recent winning-streak into Monday as Wall Street's rising tide buoyed most A-shares.The benchmark Shanghai Composite Index added 0.75 percent, or 17.12 points, to close at 2,299.99; while the Shenzhen Component Index added 0.66 percent, or 60.87 points, to finish at 9,307.15.The gains came after upbeat US economic data lifted the Dow Jones ...

Wal-Mart Fattens Up On Poor America With 25 Of U.S. Grocery Sales

Mon, 20 May 2013 11:39:01 -0400

in my May 1 blog , sits atop the mountain. But if limits on a family purse trump the desire for fancier and healthy organic and fresh farm items, what choices remain? For most Americans the answer is one of the greatest growth stories in capitalist history, a company whose growth metronomic remains solid in virtually all economic conditions. As they increasingly shop there, they contribute to ...

Can Best Buys Turnaround Efforts Lift Earnings

Mon, 20 May 2013 11:38:59 -0400

Best Buy will announce its Q1 results on May 20. We expect the company to report better year-over-year revenues largely due to its price matching policy. However, margins could come in lower due to aggressive pricing, which will weigh on ...

Google Microsoft and Yahoo are secret backers behind European Privacy Association

Mon, 20 May 2013 11:37:05 -0400

IDG News Service - After being accused of a lack of transparency by an independent watchdog, the European Privacy Association (EPA) has confirmed that Google, Microsoft and Yahoo are backers. The Corporate Europe Observatory (CEO), which works to expose privileged access in E.U. policy making, said in a complaint Thursday that the European Privacy Association is working to represent industry ...

Citi names new heads of mortgages private bank Citi Holdings

Mon, 20 May 2013 11:35:08 -0400

C.N ) Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday ,as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal ...

Stocks open mixed as investors eye Federal Reserve

Mon, 20 May 2013 11:31:24 -0400

CNBC's Jim Cramer explains why Yahoo is "desperate' to become part of the technical "firmament." Stocks were narrowly mixed Monday, as investors seemed to take a breather after major averages finished higher for the fourth-consecutive week and amid ongoing concerns ...

Wildcat strike hits Mercedes South African plant

Mon, 20 May 2013 11:24:51 -0400

DAIGn.DE ) said on Monday workers at its South African assembly plant had gone on an illegal strike at the end of last week but had agreed to resume operations on ...

U.S. justices rule for PPL Corp in overseas tax case

Mon, 20 May 2013 11:24:50 -0400

The court ruled on a unanimous vote that Pennsylvania-based PPL can claim $39 million in U.S. foreign tax credits against a 1997 British windfall ...

US stocks edge lower

Mon, 20 May 2013 11:23:57 -0400

US stocks have edged lower in opening trade amid a flurry of merger and acquisition news, including the Yahoo! takeover of blogging platform ...

Qihoo 360 Technology up 7 after earnings beat

Mon, 20 May 2013 11:23:17 -0400

Critical Alerts For Blackberry, Pandora Media, Green Mountain Coffee Roasters, Barnes & Noble, and Qihoo 360 Technology Released By ...

Morgan Stanley Selling India Wealth Management Assets

Mon, 20 May 2013 11:22:25 -0400

Morgan Stanley (MS) Monday said it will sell its wealth-management business in India to Standard Chartered PLC (STAN.LN) for an undisclosed amount.The deal comes a month after the U.S. investment bank sold its European wealth-management business to Credit Suisse. In November, a senior executive said Morgan Stanley was reviewing its wealth-management business in India because it hadn't grown ...

CME Halted Silver Trading 4 Times Sunday as Prices Slid 9

Mon, 20 May 2013 11:22:25 -0400

Exchange operator CME Group Inc. (CME) said it halted silver trading four times Sunday evening due to highly volatile markets, a spokesman told Dow Jones Newswires.The trading halts came as silver futures slumped 9.4% to a low of $20.250 a troy ounce in the first few minutes following the open of electronic trading on the Comex division of the New York Mercantile Exchange.Silver trading was ...

Copper Inches Up As Supply Disruptions Offset Demand Worries

Mon, 20 May 2013 11:22:24 -0400

Copper futures are slightly higher Monday as traders weigh the supportive impact of supply disruptions against worries that higher property prices in China will force the world's top copper consumer to tighten its monetary policy and curb demand for the metal.The most actively traded contract, for July delivery, was recently up 1 cent, or 0.3%, at $3.3330 a pound on the Comex division of the ...

Group Led by Blackstone Launches Bid for Pactera

Mon, 20 May 2013 11:22:24 -0400

A consortium led by U.S. private equity firm Blackstone Group L.P. (BX) has launched a bid for U.S.-listed Chinese outsourcing firm Pactera Technology International Ltd. (PACT) in a deal that values the company at around $662.3 million.The take-private offer by the private equity firm and several company officials values Pactera at $7.50 a share, a 42.5% premium to where the shares closed Friday ...

Plot Thickens Hedge Fund Owner Gets Subpoenaed

Mon, 20 May 2013 11:22:24 -0400

The legal battle surrounding SAC Capital Advisors appears to be ramping up as the U.S. is now considering criminal charges against the embattled hedge fund and has slapped the firm's founder, Steve Cohen, with a subpoena. The developments in the long-running insider-trading probe come after SAC warned investors in a Friday letter that ...

U.S. stocks little changed after four-week rally

Mon, 20 May 2013 11:21:09 -0400

U.S. stocks were little changed, after the Standard & Poor's 500 Index climbed for four straight weeks to an all-time high, as investors weighed corporate acquisitions. Yahoo! Inc. rose 0.5% after agreeing to buy blogging network Tumblr Inc. for about US$1.1-billion. Actavis Inc. rallied 3.1% as it reached a deal to acquire Warner Chilcott Plc. Websense Inc. jumped 29 after agreeing to ...

Microsofts new Xbox to challenge Apple to Facebook in games

Mon, 20 May 2013 11:19:11 -0400

Amazon.com Inc. , which are introducing new software and devices for gaming. Microsoft's updated Xbox will use its Kinect sensor that can recognize faces and movements. The deice will also recommend content based on users' interests. The new Xbox will be in stores by the year's ...

BRIEF-Citigroup says Fraser to head CitiMortgage

Mon, 20 May 2013 10:59:02 -0400

Mon May 20, 2013 10:59am EDT May 20 (Reuters) - Citigroup Inc : * CEO Corbat says Jane Fraser, CEO of private bank, to become CEO of CitiMortgage-memo * CEO Corbat says Francesco Vanni D'archirafi, former head of transaction services business, will become the new CEO of Citi ...

At the open Wall St starts lower after record highs

Mon, 20 May 2013 10:45:03 -0400

U.S. stocks dipped in early trading on Monday, with investors scrambling for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains Friday.Deals including Yahoo Inc.'s $1.1-billion (U.S.) bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record highs, a bullish sign for ...

Minnesota drivers paying highest average gas prices in Lower 48

Mon, 20 May 2013 10:43:29 -0400

Minnesota drivers are paying the highest gas prices in the 48 contiguous states, with the average price statewide running at $4.27 per ...

Stock prices are mixed investors wait on the Fed as indexes hold close to record levels

Mon, 20 May 2013 10:43:28 -0400

NEW YORK - Stocks were mixed in early trading on Wall Street after investors pushed indexes to record levels Friday. Investors will be watching the Federal Reserve this week for clues about what its plans to do next with its economic stimulus program. On Wednesday Federal Reserve Chairman Ben Bernanke will appear before Congress and the central bank will release minutes of its most recent ...

EMERGING MARKETS-Brazil stocks sink following weak earnings

Mon, 20 May 2013 10:42:06 -0400

* Brazilian companies posted avg 12.3 pct drop in Q1 income * Expiration of share options leaves Bovespa volatile * Brazil Bovespa falls 0.76 pct, Mexico IPC down 0.38 pct By Danielle Assalve SAO PAULO, May 20 (Reuters) - Brazilian stocks dropped on Monday as investors reevaluated their positions in local shares following a disappointing first-quarter earnings season. Mexico's IPC index ...

Seamless and Grubhub set to combine forces

Mon, 20 May 2013 10:40:31 -0400

CHICAGO - Seamless North America and GrubHub say they're combining to create an online food ordering service covering more than 20,000 restaurants in 500 cities across the U.S.Financial terms were not disclosed. Matt Maloney, GrubHub's co-founder and CEO, will become CEO of the combined company. Seamless CEO Jonathan Zabusky will serve as president.Brian McAndrews, an independent ...

Stocks open slightly lower on Wall Street

Mon, 20 May 2013 10:39:35 -0400

NEW YORK -- Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains.The Dow Jones industrial average fell 21 points to 15,332 shortly after the opening bell Monday, a loss of 0.1 percent.The Standard & Poor's 500 index was off a point at 1,665, or 0.1 percent. The Nasdaq composite fell less than a point to 3,498, or less than 0.1 ...

Bond Report Treasurys rise as investors jump into fray

Mon, 20 May 2013 10:39:19 -0400

NEW YORK (MarketWatch) -- Treasury prices moved higher Monday, as investors used a familiar yield threshold to jump into the market after three weeks of ...

Market Snapshot U.S. stocks waver deal news Fed in focus

Mon, 20 May 2013 10:39:18 -0400

NEW YORK (MarketWatch) -- U.S. stocks wavered on Monday after surging to record highs last week, with Yahoo Inc.'s acquisition of Tumblr and other deal news dominating investor ...

Wall St set to dip after records

Mon, 20 May 2013 10:37:45 -0400

New York - U.S. stocks were set to dip at the open on Monday as investors search for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains ...

All rosy in the garden for Eden Research as EU approves key product

Mon, 20 May 2013 10:36:28 -0400

about EU approval for its key product.And it has duly arrived. The Aim-listed agrochemical company said that the three active substances in its lead product 3AEY had been approved by the European Commission for use in plant protection. Eden's products use environmentally friendly agrochemicals to kill bugs. In particular 3AEY treats botytis which is a fungal disease causing mould on fruit ...

Five Things To Watch For During Microsofts Xbox Announcement Tomorrow

Mon, 20 May 2013 10:35:55 -0400

At 10 AM PDT tomorrow, Microsoft will announce its next generation Xbox mere weeks ahead of E3, where such a reveal would normally take place. It's an effort to get on equal footing with Sony, who premiered the PS4 months ago, and presumably there's so much to talk about with each system, that two full-length presentations still probably won't be enough. Look for plenty of coverage ...

Markets Elan tries to assure market that its more than shell operation

Mon, 20 May 2013 10:35:52 -0400

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...

Farm Troubles We Face a Grim Future

Mon, 20 May 2013 10:33:58 -0400

Jim Schriver has been farming since he graduated from Ohio State University in 1963. The 72-year-old grandfather of two grows corn, soybeans and livestock on his 1,600-acre farm in north central Indiana. Like most farmers, Schriver has dealt with drought, freezing temperatures and the uncertainty that comes with toiling in the fields.But Schriver says he's worried about a new threat to his ...

Top Court to Hear Whistleblower Case

Mon, 20 May 2013 10:33:57 -0400

In a case involving whistleblowers at Fidelity Investments, the Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as those who work for publicly traded companies.Two Fidelity whistleblowers asked the court to decide whether the Sarbanes-Oxley Act provision that prevents employers from retaliating against whistleblowers ...

Tech stocks Yahoo Microsoft on front burner

Mon, 20 May 2013 10:28:53 -0400

Technology companies, many of which are in the Nasdaq 100, will be the focus of a lot of investor attention today and throughout the week. The biggest news this week in tech stock is Yahoo's $1.1 ...

Whats Leading Markets to New Heights

Mon, 20 May 2013 10:28:35 -0400

Thomas Lee, Chief U.S. Equity Strategist at JPMorgan, discusses whether the markets have room to run, and explains why he believes the tech, health care and financials sectors are cheap ...

Sen. Gregg Gets New Gig

Mon, 20 May 2013 10:28:32 -0400

Former Sen. Judd Gregg, (R-NH), discusses his new job as president & CEO at the Securities Industry and Financial Markets Association, better known as ...

Detroit roars back after years of quality issues

Mon, 20 May 2013 10:28:30 -0400

Detroit automakers such as Chrysler are enjoying improved reviews and ratings -- a sign that Motor City may be catching up with imports. Isaac Davis, a salesman from the Detroit suburb of Southfield says he would love to buy a car from his home state. "But," he lamented, "I just don't think the quality is there."Davis isn't alone. In recent decades, millions of ...

Lebenthal With QE3 Investor Exit Strategy

Mon, 20 May 2013 10:28:28 -0400

Alexandra Lebenthal, President and CEO of Lebenthal & Co, provides a strategy for investors to bank profits when the Fed begins winding down its bond-buying ...

IRS Scandal Continues to Pressure White House

Mon, 20 May 2013 10:28:25 -0400

U.S. lawmakers are getting ready for a second week of scrutinizing the circumstances surrounding the IRS targeting of conservative groups, reports CNBC's John ...

Merger Monday on Wall Street

Mon, 20 May 2013 10:27:39 -0400

Bernanke's testimony on economic outlook "will be the highlight in a week where we may learn more about the Fed's intentions with regards to potential [quantitative easing] tapering," said Deutsche Bank analyst Jim Reid. Also on merger ...

Regional Newspaper Boss Prepares To Step Down

Mon, 20 May 2013 10:26:12 -0400

One of the British newspaper industry's top bosses is poised to step down as the sector contends with an accelerating consumption shift away from printed titles towards digital media. I understand that Newsquest, which is owned by the American media giant Gannett and publishes titles such as the Oxford Mail and the Northern Echo, is hunting a successor to Paul Davidson, its veteran ...

Google Tax Cameron Not To Confront Schmidt

Mon, 20 May 2013 10:26:12 -0400

David Cameron will not confront Google directly about its tax arrangements at a meeting with the search engine's boss this afternoon. Asked whether the PM would specifically raise the concerns about Google's tax affairs at a meeting in Downing Street with the internet giant's chairman Eric Schmidt, a No 10 spokesman said: "We don't talk about individuals' or ...

Seamless and GrubHub to combine no terms revealed

Mon, 20 May 2013 10:23:32 -0400

CHICAGO (AP) -- Seamless North America and GrubHub on Monday announced plans to combine and create an online food ordering service covering more than 20,000 restaurants in 500 cities across the ...

Ex-Goldman banker Thornton steps down from HSBC board

Mon, 20 May 2013 10:21:31 -0400

Thornton, who heads HSBC's remuneration committee, will not seek re-election to the bank's board at its annual shareholder meeting on Friday in view of "recent expanded responsibilities within his other business interests," HSBC ...

Indonesian Mine Still Closed Hopes Fade for Trapped

Mon, 20 May 2013 10:18:53 -0400

JAKARTA, Indonesia – PT Freeport Indonesia's massive mining operations in Papua remained closed Monday, with labor unions demanding the shutdown continue until remaining bodies are recovered in Indonesia's worst mine disaster, a tunnel collapse last week that appears to have claimed 28 lives.Markets remain unaffected by the news, with traders saying the shutdown appears temporary ...

Goldman Sachs Raising $1.1 Billion From Sale of Remaining Stake in ICBC -Term Sheet

Mon, 20 May 2013 10:18:53 -0400

Goldman Sachs Group Inc. (GS) is selling its remaining stake in Industrial & Commercial Bank of China Ltd. (1398.HK) for around US$1.1 billion, exiting an investment it made in China's biggest bank seven years ago.The stake in the bank, which was one of the first Chinese lenders to accept foreign investors as shareholders, has been lucrative for Goldman. If the current sale is ...

5.20.13 More melting for gold

Mon, 20 May 2013 10:17:29 -0400

will be the focus for investors this week, especially after last week’s mauling that saw gold bears maul the yellow metal, pushing it ever closer to its longest slump in four ...

How do leaders respond to email

Mon, 20 May 2013 10:16:33 -0400

(MoneyWatch) I was recently asking for some background on a senior executive at a major firm. The first insight I was given was striking: I was told that he often didn't reply to emails. A few days later, listening to a profile of a leading scientist and university president, I noted that one of her colleagues commented that if you send her an email, you will get an answer almost instantly. ...

How long should you keep tax returns

Mon, 20 May 2013 10:16:32 -0400

How long to keep bank records I find that in the case of tax returns, many people are afraid to discard them or confused as to how long they should keep them. The result is that they keep them all. One client told me he kept every tax return he filed going back over 30 years! Keeping all of your financial papers that long is not a good strategy. For one thing, the result is an accumulation ...

Photos Doritos Girl Lists Home

Mon, 20 May 2013 10:14:21 -0400

Ali Landry, whose first claim to fame was a 1998 Super Bowl Doritos ad, listed her 4-bed home for $1.925 million. Landry bought the home in the Los Angeles area in 2004. She's married to director Alejandro Monteverde, and they have two children. Built in 1927, the 3,700-sq. ft. home has Spanish detailing including tiles, stained glass windows, and an "authentic Mexican patio with ...

Yahoo buying Tumblr for $1.1-billion vows won’t ‘screw it up’

Mon, 20 May 2013 09:41:21 -0400

This Wednesday, Oct. 17, 2012, photo, shows a sign in front of Yahoo! headquarters in Sunnyvale, Calif., Wednesday, Oct. 17, 2012. (Marcio Jose Sanchez/The Associated ...

Sanders hires policy exec for chamber

Mon, 20 May 2013 09:39:45 -0400

Aimee Faucett, Sanders' former deputy chief of staff and director of policy, will now work for him in a new capacity, as vice president of domestic and international public policy and member ...

Report NetApp cutting hundreds of jobs ahead of Tuesday earnings

Mon, 20 May 2013 09:35:22 -0400

NetApp is reportedly preparing to cut 10 percent of its global workforce. Sunnyvale-based NetApp is reportedly cutting as many as 1,200 jobs worldwideroughly 10 percent of its workforceahead of its earnings report on Tuesday. Last week, Piper Jaffray issued a private analysts note warnings investors of the impending layoffs. The Times of India today reported that the company was cutting 300 jobs ...

Yahoo promises not to screw it up over $1.1bn Tumblr deal

Mon, 20 May 2013 09:33:28 -0400

internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old founder, to his staff, in which he said "We're not turning purple" - Yahoo's corporate colour - and rounded it off "Fuck yeah."The deal, which is expected to complete in the second half of the year, is almost all cash, is equal in value to Yahoo's ...

How should a long-serving chief executive decide if it is time to go | Jill Treanor

Mon, 20 May 2013 09:33:27 -0400

Martin Gilbert, one of the longest serving chief executives of any FTSE 100 company, found himself mulling over his longevity as he spoke to a conference in London on Monday.He was there to ...

British workers feeling less secure – and more stressed

Mon, 20 May 2013 09:33:25 -0400

pay cuts and diminished control over their jobs among the biggest concerns, according to a national survey of employees' wellbeing.More than 3,000 workers aged between 20 and 60 were interviewed in 2012 for the latest in a six-yearly Skills and Employment survey, funded by the Economic and Social Research Council and the UK Commission for Employment and Skills.The first findings from the ...

Chesapeake Taps Anadarko Exec as New CEO

Mon, 20 May 2013 09:30:52 -0400

Anadarko Petroleum as chief executive, filling the post vacated by co-founder Aubrey McClendon.Lawler, who is senior vice president of international and deep-water operations at Anadarko Petroleum, will join Chesapeake on June 17, the company said.McClendon's departure on April 1 came after a tumultuous year in which a series of Reuters investigations led to civil and criminal probes of the ...

Power Rundown Lotteries a Tax On the Foolish

Mon, 20 May 2013 09:25:40 -0400

CNBC's Robert Frank and Bob Pisani discuss new rules for carry-on bags; the Buycott app, which helps you boycott a company's products; and are lotteries a tax on the ...

Credit Suisse CEO Talks Regulation

Mon, 20 May 2013 09:25:37 -0400

Credit Suisse is among the first nanks to de-leverage to meet the demands of today's stricter regulatory environment. Brady Dougan, CEO, Credit Suisse, weighs in on the transition with CNBC's Maria ...

Wall Street advances for fourth straight week

Mon, 20 May 2013 09:25:36 -0400

Insight on the market action, with Mark Luschini, Janney Montgomery Scott; Dan Veru|Palisades Capital Management; Peter Costa, Empire Executions; and Andrew Keene, Keene on the Markets. Stocks closed out the week with strong gains, with the Dow and S&P 500 hitting fresh highs and all three major averages logging their fourth-straight weekly advance, boosted by a pair of positive economic ...

Crime at sea The worlds most pirate-infested waters

Mon, 20 May 2013 09:25:32 -0400

Where are the most pirate-infested waters in the world? CNBC gives the rundown. Like the Caribbean of old, the waters near Somalia used to be the most heavily pirated in the world. Now there's a new king of the pirates that's quickly become a headache for governments, shipping companies, cruise lines, energy firms, global conglomerates ...

Jennifer Aniston From Friend to Entrepreneur

Mon, 20 May 2013 09:25:30 -0400

Jennifer Aniston is one of Hollywood's leading stars. Aniston spoke exclusively with CNBC's Maria Bartiromo about what motivated her to get into the hair care ...

Restaurants fear tough drunk-driving law will be buzzkill for light drinkers

Mon, 20 May 2013 09:25:23 -0400

Diners have alcohol with their dinner at Paci Restaurant in Southport, Conn. on Friday, May 17, 2013. Imagine having a drink with dinner at a restaurant only to be pulled over on the way home and slapped with a DUI. That could happen under a proposed plan to toughen the drunk driving laws across the country, and it has restaurateurs alarmed.The National Transportation Safety Board wants states to ...

Tim Cook Says Corporate Taxes Too High

Mon, 20 May 2013 09:25:21 -0400

Seema Mody reports on Apple CEO Tim Cook's statement that corporate taxes are too high, ahead of his Congressional testimony next week. With Dean Garfield, Information Technology Industry Council, and Arthur Laffer, Laffer Associates ...

The IRS Takes a Grilling

Mon, 20 May 2013 09:25:19 -0400

CNBC contributor Robert Costa discusses the outgoing IRS chief's testimony in front of the House today. And Rep. Peter Roskam (R-IL), offers his take on the IRS scandal and today's testimony. With Jay Sekulow, American Center for Law & ...

Retiring baby boomers are selling their small businesses

Mon, 20 May 2013 09:25:16 -0400

Roberta Bonoff, new owner of Creative Kidstuff, a toy store chain based in Minneapolis. Bonoff said the previous owner was tired and ready to sell. Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions.In the first three months of this year, ...

How to prepare for your parents retirement

Mon, 20 May 2013 09:25:14 -0400

It may be tough, but we have to consider our parents' retirement as part of our own future. When Eileen Crehan thinks about her parents' retirement plans, she worries.The 27-year-old PhD candidate, like many young adults, knows that her parents' future finances aren't only a source of concern for them--they directly impact her life as well."They are careful spenders and ...

Big reason for stock boom Companies buying back stocks

Mon, 20 May 2013 09:25:13 -0400

Arthur Laffer, Chairman, Laffer Associates, and Dan Greenhaus, BTIG, discuss the Obama economy in light of tepid profits. Seema Mody weighs in on why the market is still the place to be. It's the narcissist rally.Sure, there are plenty of forces pushing stocks higher -- record corporate earnings, small investors finally buying again, signs the U.S. economy may be strengthening, central banks ...

Boeing Dreamliners back in the air after lengthy grounding

Mon, 20 May 2013 09:25:12 -0400

A newly delivered Boeing 787 Dreamliner touches down at the Haneda International airport in Tokyo on May 16, 2013. After 123 days being grounded and then repaired to ensure its battery systems do not catch ...

Farm waste may demand return of biofuels

Mon, 20 May 2013 09:25:12 -0400

A combine hitched with a Cob Caddy gathers corn and cobs while blowing stover back into the field on a farm near Hurley, S.D. in this October 2007 file photo. The equipment was being tested by Poet as part of the company's effort to make cellulosic ethanol out of corn cobs. Imagine a world where leftover corn, wheat and wood chips could power your car.That's the aim of cellulosic ...

Yahoo Buys Tumblr As David Karp Stays As CEO

Mon, 20 May 2013 09:23:06 -0400

Internet giant Yahoo! has bought micro-blogging site Tumblr in a deal thought to be worth around $1.1bn (723m). Yahoo! chief Marissa Mayer confirmed the anticipated takeover in a statement posted on the site - in which she also said Tumblr founder David Karp would stay on as chief executive. "I'm delighted to announce that we've reached an agreement to acquire Tumblr," ...

Former GOP Senator Judd Gregg named CEO of lobbying group SIFMA

Mon, 20 May 2013 09:18:30 -0400

NEW YORK (Reuters) - The Securities Industry and Financial Markets Association named former Republican Senator Judd Gregg as its chief executive officer, the lobbying group said ...

Campbell earnings rise on ready-made soup sales

Mon, 20 May 2013 09:16:48 -0400

-0.46% reported its third-quarter profit rose to $181 million, or 57 cents a share, from $177 million, or 55 cents a share, a year earlier. Adjusted earnings per share were at 62 cents per share, compared with 56 cents per share a year earlier. Revenue rose to $2.09 billion, from $1.82 billion a year earlier, the food company said Monday. Analysts had expected earnings of 56 cents a share on ...

Plains Exploration to Pay $3 Special Dividend if Freeport-McMoRan Deal Closes

Mon, 20 May 2013 09:16:01 -0400

Plains Exploration & Production Co.'s (PXP) board declared a special dividend of $3 a share, which is conditioned upon the oil company's completed merger with Freeport-McMoRan Copper & Gold Inc. (FCX).Plains Exploration shareholders are scheduled to vote on the deal Monday.Freeport-McMoRan agreed in December to pay the cash-and-stock equivalent of $50 a share for Plains ...

HSBC John Thornton to Resign Chairmanship Of HSBC North America

Mon, 20 May 2013 09:16:01 -0400

Banking and financial services provider HSBC Holdings PLC (HSBA.LN), said Monday that John L. Thornton has decided not to seek re-election to the board of HSBC at the Annual General Meeting on May 24, and to resign his Chairmanship of HSBC North America Holdings Inc. with effect from the same date.MAIN FACTS:-John L. Thornton, an independent non-executive Director of HSBC Holdings PLC has decided ...

Stock Futures Tick Lower

Mon, 20 May 2013 09:15:57 -0400

FOX Business: Capitalism Lives Here U.S. stock-index futures fell mildly on Monday as traders mulled a smattering of corporate news and braced for a week full of headlines on the Fed's monetary-policy stance. Today's Markets As of 8:00 a.m. ET, Dow Jones Industrial Average futures fell 11 points to 15304, S&P 500 futures dipped 1.3 points to 1662 and Nasdaq 100 futures slumped 4 ...

Cybercrime that starts with a phone call

Mon, 20 May 2013 09:13:53 -0400

phishing attacks are getting more sophisticated. And the latest trend in cybercrime appears to include a preparatory phone call. Security software company Symantec is reporting a variation on such schemes that it calls "spear phishing." The targeted company still gets a malware-packed email disguised as a legitimate business message, but the twist is that the criminal calls ahead to let ...

Yahoo Tumblr deal a play for young mobile users

Mon, 20 May 2013 09:13:53 -0400

Yahoo announced the acquisition of the blogging site Tumblr , after the Yahoo board approved the $1.1 billion purchase on Sunday. The Tumblr acquisition is said to be part of Yahoo CEO Marissa ...

Chesapeake names Robert Douglas Lawler as new CEO

Mon, 20 May 2013 09:13:52 -0400

CHK ) has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO. The appointment of the 46-year-old Lawler comes after a tough year for Chesapeake. Its former ...

Long-term care Ignore it at your own peril

Mon, 20 May 2013 09:13:50 -0400

Will good health save you money in retirement? If you've done a good job with this difficult task, congratulations! But you're not finished yet. There's one more step to this task: Protect your good plans from getting blown up by potentially ruinous long-term care expenses. Welcome to Week 14 of my ...

Video Yahoo reportedly buying Tumblr for more than $ $1.1B

Mon, 20 May 2013 09:13:49 -0400

Reports indicate Marissa Mayer-led Yahoo is going to buy blogging service Tumblr for $1.1 billion. CBS News contributor and analyst Mellody Hobson discusses the move and what it could mean to the tech ...

Yahoo buys blogging forum Tumblr for $1.1 billion in boldest move yet under CEO Marissa Mayer

Mon, 20 May 2013 08:40:12 -0400

SAN FRANCISCO - Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday represents Mayer's boldest move yet since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks Yahoo's most expensive acquisition since the Sunnyvale, Calif., ...

In survey economists says consumers poised to boost spending offset government cuts

Mon, 20 May 2013 08:40:11 -0400

WASHINGTON - Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists. The economists predict that the U.S. economy will grow 2.4 percent this year and 3 percent next year. That's unchanged from their forecast in February. But they are more bullish on consumer spending and housing than they were ...

Consumer Spending to Pick Up Survey

Mon, 20 May 2013 08:31:31 -0400

Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists. The economists predict that the U.S. economy will grow 2.4 percent this year and 3 percent next year. That's unchanged from their forecast in February. But they are more bullish on consumer spending and housing than they were three months ago, ...

Actavis to Buy Warner Chilcott

Mon, 20 May 2013 08:31:30 -0400

Actavis , which has been the subject of intense takeover speculation, said on Monday that it had struck a deal to buy specialty pharmaceuticals ...

GE Capital to Pay Big Dividend to GE

Mon, 20 May 2013 08:31:30 -0400

General Electric , will return $6.5 billion worth of dividends back to its parent company over the course of the year, the company announced on Monday. In a statement, GE Capital said that the big dividend would constitute 30 percent of its total 2013 earnings, having already paid $447 million back to GE in the first quarter. The company also plans to pay $4.5 billion in special dividends back to ...

Dell to Icahn Cannot disclose more information

Mon, 20 May 2013 08:28:27 -0400

Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael ...

FirstGroup Shares Plunge Amid 87 Profit Drop

Mon, 20 May 2013 08:23:14 -0400

Shares in the transport company FirstGroup have plunged dramatically after it announced a 615m fund-raising rights issue in a bid to reduce its heavy debt burden. During midday trading the shares had dropped more than 20% to 179p. The move comes after the bus and train company's latest results showed that pre-tax profits dropped by a massive 87% to £37m last year. First Group ...

Actavis to buy Warner Chilcott in $8.5 billion stock deal

Mon, 20 May 2013 08:19:05 -0400

SAN FRANCISCO - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on ...

Stock futures little changed after records acquisitions eyed

Mon, 20 May 2013 08:19:04 -0400

NEW YORK (Reuters) - Stock index futures were little changed in light volume on Monday as investors search for catalysts after major equity indexes closed Friday for a fourth consecutive week of ...

Unclear whether Feds bond buying has helped economy Fisher

Mon, 20 May 2013 08:19:04 -0400

Federal Reserve Bank of Dallas President Richard Fisher speaks about the concept of breaking up 'too big to fail' banks to a breakout group at the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, March 16, ...

Europe Markets Europe stocks slip as miners slump

Mon, 20 May 2013 08:17:06 -0400

LONDON (MarketWatch) -- European stock markets tracked U.S. stock futures lower in choppy trade on Monday, with mining firms dropping after broad-based losses in metals ...

Campbell Soup 3Q Profit Rises

Mon, 20 May 2013 08:16:24 -0400

M – Campbell Soup Co reported higher quarterly earnings on Monday, after the company worked to improve its soup products. The world's largest soup maker said net income was $181 million, or 57 cents per share, in the fiscal third quarter ended April 28, up from $177 million, or 55 cents per share, a year ...

Banco do Brasil to Post One-Time Gain of BRL4.7 Billion in Second Quarter Due to BB Seguridade IPO

Mon, 20 May 2013 08:16:24 -0400

Banco do Brasil (BDORY, BBA3.BR), Latin America's largest bank in terms of assets, on Monday said it will post a one-time gain worth 4.7 billion Brazilian reais ($2.35 billion) in the second quarter as a result of the initial public offering of its pensions and insurance company.Earlier this year, state-run Banco do Brasil SA said it raised BRL11.47 billion in the spinoff of BB Seguridade ...

Chinas Fosun Eyes $1 Billion Private-Equity Fund

Mon, 20 May 2013 08:16:24 -0400

Chinese conglomerate Fosun International Ltd. (0656.HK) is raising a $1 billion private-equity fund that will invest in Europe and international companies seeking to expand in China, according to a person familiar with the situation.The company, which has made investments in companies like French resort operator Club Mediterranee S.A. (CU.FR), will have the first close of the China Momentum Fund ...

European Shares Stall at Five-Year High

Mon, 20 May 2013 08:16:16 -0400

European shares extended gains to set a new five-year high for a fourth straight session on Monday, with investors flocking to buy riskier assets such as equities on fresh signs of a recovery in the global economy. At 0707 GMT, the FTSEurofirst 300 index of top European shares was 0.2 percent firmer at 1,250.68 points, the highest since the middle of 2008. The index is up more than 10 percent so ...

Microsoft to unveil new Xbox Tuesday

Mon, 20 May 2013 08:16:15 -0400

Microsoft will unveil its new Xbox on Tuesday. What's underneath the hood of the latest videogame console represents a multiyear odyssey of trying to figure out how to keep the machine "cool" in the age of smartphones and tablets. Since the last Xbox debuted in 2005, Microsoft has produced multiple prototypes for a new console and experimented with different technologies for it, ...

Seeking solutions to the student aid mess

Mon, 20 May 2013 08:14:27 -0400

financial aid system in this country is broken. There are many reasons why the system needs to be overhauled, but let's start with this one: the federal government is profiting tremendously when it lends money to college students and their parents. According to a report released earlier this year by ...

Student loans -- public or private

Mon, 20 May 2013 08:14:27 -0400

(MoneyWatch) Need to borrow to finance college? You've got plenty of company. Roughly two-thirds of students do. However, it's important to understand that there are two distinct student loan ...

LinkedIn 3 tips for building a better profile

Mon, 20 May 2013 08:14:26 -0400

LinkedIn profile should constantly evolve along with your experience and interests. Frequent updates keep the content current, and new activity enables you to stay on people's digital radar. If you've already mastered the basics of LinkedIn -- ...

Can a rise in crime increase your property value

Mon, 20 May 2013 08:14:26 -0400

(MoneyWatch) It may seem strange, but crime could actually make your home more valuable. A new study reveals that when crime goes up, property values can too -- as long as the crime is happening in the next town over. It should come as no surprise that safety is a vital factor when buying a new home. For 20,000 home shoppers surveyed by researchers at John Burns Real Estate Consulting, a ...

Is Yahoo Paying Too Much for Tumblr

Mon, 20 May 2013 08:13:03 -0400

Morning Business Memo… Yahoo is spending $1.1 billion to buy the six-year-old blogging site Tumblr. The acquisition is the biggest yet for Yahoo CEO Marissa Mayer, and is part of her continuing push to give Yahoo credibility with a younger crowd, and make it a big player in the rapidly expanding world of social media and mobile devices. Tumblr is a popular site with an estimated 100 ...

Effector Therapeutics raises $45 million

Mon, 20 May 2013 07:40:58 -0400

Effector was founded on technology licensed from UC San Francisco. The company is developing small-molecule drugs to block protein synthesis mechanisms required for cancers caused by certain malfunctioning oncogenes. Effector will also use the protein synthesis technology later in other areas, Worland ...

Wall Street Turns Cautious As It Awaits Fresh Catalysts

Mon, 20 May 2013 07:40:23 -0400

Trading in the major U.S. index futures suggest a cautious start by Wall Street stocks on Monday following their record run in the previous weeks. Earlier in the global trading day, armed with optimism concerning the ...

Eliminating neglected tropical diseases how to reach the targets

Mon, 20 May 2013 07:34:31 -0400

Create synergies with other disease-specific advocates: Broadening the NTD community reach should include working with other disease-specific advocates to look at the synergies between NTDs and other diseases with high global burdens such as TB, malaria, HIV & Aids, and diarrhoea? If we can get other health advocates talking about NTDs, we stand a greater chance of increasing the pressure on ...

QE Halt Too Violent for Market Feds Fisher

Mon, 20 May 2013 07:32:09 -0400

Federal Reserve should not go from "wild turkey" monetary policy to "cold turkey" overnight, Dallas Fed President Richard Fisher told CNBC on Monday, saying that when to dial back is the key because stopping would be "too violent for the market." Fed ...

Goldman Sachs to Exit ICBC Report

Mon, 20 May 2013 07:32:09 -0400

Goldman Sachs on Monday launched the sale of about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, offering to sell its entire remaining stake in the world's biggest bank by market value. The sale by Goldman would be the final chapter in the Wall Street bank's investment into China's ICBC. Prior to its 2006 IPO, ICBC was a technically ...

Bison Eyes London Float Amid US Fracking Boom

Mon, 20 May 2013 07:25:10 -0400

UK stock market investors are poised to gain their first exposure to the fracking boom sweeping the US energy market through the flotation of Bison Energy Services. I understand that Bison, whose operations are focused solely on the US, has begun gauging the appetite of investors to invest about £40m in the company, which would list on the junior AIM market. Bison would be the first ...

EU law key to ending too big to fail banks BoEs Tucker

Mon, 20 May 2013 07:24:42 -0400

View Photo Reuters/Reuters - The Deputy Governor of the Bank of England, Paul Tucker, addresses the International Association of Deposit Insurers Annual Conference in London October 25, 2012. REUTERS/Neil ...

Shrinking U.S. deficit reduces pressure for budget deal

Mon, 20 May 2013 07:21:41 -0400

By Jason Lange and David Lawder WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the U.S. tax system, trim government spending and reform safety net spending programs appear to be fading. ...

GE Capital plans to pay $11 billion in dividends to GE

Mon, 20 May 2013 07:21:15 -0400

(Reuters) - GE Capital Corp's board has approved a plan to pay $6.5 billion in dividends and a further $4.5 billion in special dividends to parent General Electric Co ...

Monster machines fan out on U.S. farms facing slow sow

Mon, 20 May 2013 07:21:15 -0400

SHERIDAN, Illinois (Reuters) - With the U.S. spring planting season off to a historically slow start, an increasing number of farmers are counting on powerful tools to catch up: Monster machines that sow 36 rows of corn at once and feature high-tech innovations like computer-guided directional ...

Gulf wealth funds raising private equity investments study

Mon, 20 May 2013 07:21:14 -0400

DUBAI (Reuters) - Sovereign wealth funds in the Gulf Arab region are raising their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco ...

Vodafone withdraws from BT mobile partner talks sources

Mon, 20 May 2013 07:21:14 -0400

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new ...

HSBC Chairman Premature to Review UK Domicile

Mon, 20 May 2013 07:19:04 -0400

HSBC Holdings PLC (HBC) Chairman Douglas Flint said Monday that it's premature to review its decision to be based in London before global regulations are settled."The regulation landscape is changing, still...quite significantly," he said during a shareholders' meeting."Until that is done, it is very difficult" to decide where an international bank should be based, ...

UK Business Minister RBS Lloyds Too Risk-Averse on Loans to Firms

Mon, 20 May 2013 07:19:01 -0400

The Royal Bank of Scotland Group PLC (RBS) and Lloyds Banking Group PLC (LYG) are still detering smaller British companies from borrowing due to overly strict conditions, hindering an economic recovery, Business Secretary Vince Cable said Monday.The government controls RBS and has a minority stake in Lloyds, two of the biggest banks in the U.K., but Mr. Cable said "there isn't a simple ...

Chinese Communist Party Expels Former Agricultural Bank Executive -Xinhua

Mon, 20 May 2013 07:18:59 -0400

A former vice president of Agricultural Bank of China Ltd. (601288.SH), the country's third-largest lender by assets, has been expelled from the Chinese Communist Party for taking bribes, the state-controlled Xinhua News Agency reported Monday.Yang Kun, a former executive director and vice president of the bank, was found to have taken bribes, Xinhua reported, citing the results of an ...

Gold Slump Hits Silver

Mon, 20 May 2013 07:18:57 -0400

Gold's longest slump since the financial crisis extended for an eighth day, with the tumble spilling over into silver, which fell to its lowest level since 2010.Falling appetite for the safe haven of gold has pushed the metal down 20% since the start of the year as inflation fears faded and global growth improved. In Asia, investors have zeroed in, especially on Japan where the central ...

UK Business Leaders Say Economic Case For UK Staying In EU Is Overwhelming

Mon, 20 May 2013 07:18:57 -0400

A group of top U.K. business leaders Monday said the financial case for Britain staying within the European Union was overwhelming and accused lawmakers promoting an exit from the bloc as putting "politics before economics".In a letter to The Independent newspaper, the group called for the government to fight to deliver a more competitive Europe in order to combat the criticisms of ...

UPI Thoroughbred Racing Roundup

Mon, 20 May 2013 07:11:38 -0400

There will be no Triple Crown winner again this year, but Orb's defeat in the Preakness Stakes does tee up an interesting summer of racing. Meanwhile, some other potential stars, including Last Gunfighter and Fiftyshadesofhay, emerged from the weekend of racing at Pimlico. Hong Kong horses ran off with both of Singapore's International Group 1 races, Farhh provided a bright spot for ...

RPT-New Xbox more than a game console for Microsoft

Mon, 20 May 2013 06:59:56 -0400

Mon May 20, 2013 6:59am EDT * Microsoft set to unveil new Xbox Tuesday * Renews contest with Sony, Nintendo for $65 bln game market * Xbox key to Microsoft's broader push into consumers' lives By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE, May 18 (Reuters) - Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight ...

Markets solid despite Fed policy speculation

Mon, 20 May 2013 06:44:15 -0400

A man under an umbrella walks past an electronic stock board of a securities firm in Tokyo Monday, May 20, 2013. Japan's Nikkei 225 index jumped 1.4 percent to 15,352.84 as evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. (AP Photo/Koji ...

Market Snapshot Stock futures flat no data Fed’s Evans to speak

Mon, 20 May 2013 06:40:47 -0400

MADRID (MarketWatch) -- U.S. stock market futures pointed to a flat open on Monday, with investors seen taking a breath after a blockbuster prior week. There's no data on the calendar, though Chicago Federal Reserve President Charles Evans is due to ...

How going pop-up helped us sell our ponchos

Mon, 20 May 2013 06:38:27 -0400

Katy Isaacs and Julia Wonke, co-founders of poncho company Rainwave, started online but jumped at the opportunity to use a pop-up space on the King's Road. Here Katy tells their ...

Monday Newspaper Review - Irish Business News and International Stories - - May 20 2013

Mon, 20 May 2013 06:38:00 -0400

Stocks Getting Scarce as Rally Sees No End

Mon, 20 May 2013 06:35:42 -0400

Federal Reserve and other central banks is limiting supply of stocks, as well as fueling asset bubbles, analysts warned on Monday. "We do not think investors fully grasp the degree to which the Fed's easy money policies are helping limit the supply of shares and boost the demand for shares," said David Santschi, the CEO of TrimTabs Investment Research, in a note on Monday. He ...

Help Your Kids Get A in Money Matters

Mon, 20 May 2013 06:19:23 -0400

It's graduation season. Did your teenager have to take a financial literacy course to don that cap and gown? Probably not. According to the Council for Economic Education, as of 2011, 22 states required high school students to take an economics class --the "supply and demand" type, not the "how to balance your checkbook type." Only 14 states offered personal finance as a ...

Asian Stocks Rise On Growth Optimism

Mon, 20 May 2013 05:47:16 -0400

Asian stocks rose on Monday, extending a two-week rally, as an upbeat reading on U.S. consumer confidence bolstered optimism about the economic recovery in the world's ...

FTSE 100 on course for best level since 2000

Mon, 20 May 2013 05:42:04 -0400

currently on course for its best level since 2000.If the trend in early trading continues, the index is set to beat its 2007 peak of 6732, with the next test the 6752 achieved in September 2000.At the moment the index is 12.37 points higher at 6735.43, as investors continue to take heart from the continuing actions by central banks to stimulate the global economy. Worries about what happens when ...

Chelsea Flower Show bankers network among the narcissi

Mon, 20 May 2013 05:42:01 -0400

Chelsea Flower Show is where the City hopes to cultivate new business.While the TV cameras will be trained on the Queen's visit and gardening royalty such as Alan Titchmarsh and Carol Klein for the horticultural event's centenary year, big corporates rule the rudbeckias after 7pm.The show's gala dinner attracts some of the top names in business, politics and banking, the highlight ...

Google’s chief supports corporate tax reform

Mon, 20 May 2013 05:41:37 -0400

Eric Schmidt, Google's executive chairman, on Sunday gave support to corporate tax reform - - quite a change from last December when he dismissed critics of tax ...

Scotland Risks Cyprus-Style Crisis UK Report

Mon, 20 May 2013 05:39:53 -0400

An independent Scotland is at risk of a Cyprus-style banking crisis, as its banking sector would be "exceptionally large" compared to the size of its economy, a U.K. government report has said. "An independent Scotland would have an exceptionally large banking sector compared to the size of its economy - with banking assets of more than 1250 percent of Scottish [gross domestic ...

Empty Stores In Malls And Retail Parks Spread

Mon, 20 May 2013 05:33:32 -0400

A surge in shopping centre vacancies means almost one in every eight British stores is now empty, according to a new survey. Empty shops now account for 11.9% of retail space, after failures including Comet and Jessops knocked holes in the shopping hubs and out-of-town retail parks. The percentage of UK shop vacancies in April worsened from 10.9% in January and was the highest rate since ...

EU Eurosceptic MPs Warned By Business Leaders

Mon, 20 May 2013 05:33:32 -0400

Some of Britain's most successful business leaders have accused eurosceptic politicians of abandoning the national interest to push for an EU exit. Sir Martin Sorrell, chief executive of WPP Group, told Sky News that the business community felt "very uncomfortable" about talk of Britain leaving the European Union and that the anti-European rhetoric was "fundamentally a ...

Xbox 720 five key points about Microsofts new generation

Mon, 20 May 2013 05:27:56 -0400

Xbox machine, which still doesn't have a name - although Infinity is a frontrunner once again. Taking place at the Microsoft HQ in Redmond, the event will be live-streamed across the globe, and should ...

LONDON MARKETS U.K. Stocks Extend Gains As Banks Rise

Mon, 20 May 2013 05:27:27 -0400

LONDON – Banks led U.K. stocks higher in an upbeat session on Monday, while resource firms added pressure after oil and metals prices showed broad-based losses.The FTSE 100 index added 0.2% to 6,737.26, building on gains from Friday, when the index climbed to the highest closing level since October 2007.Shares of budget airline EasyJet PLC jumped 4.6%, after peer firm Ryanair Holdings PLC ...

Cathay Financial Signs Cooperation Pact With China Merchants Bank

Mon, 20 May 2013 05:27:27 -0400

Taiwan's Cathay Financial Holdings Co. (2882.TW) said Monday it signed a pact with China Merchants Bank (3968.HK) on possible cooperation in the future.Cathay Financial said in a statement this is the company's seventh such pact with a Chinese lender, as it is driving to expand outside its saturated home market.The pact is a framework agreement that for future cooperation in or exchange ...

ENRC Unveils Details Of Consortiums Rejected Cash and Shares Offer

Mon, 20 May 2013 05:27:27 -0400

U.K.-listed, Kazakhstan-focused miner Eurasian Natural Resources Corp. PLC (ENRC.LN) Monday unveiled the details of the indicative cash and shares offer that a consortium of buyers proposed but which ENRC rejected on the grounds that it materially undervalues the business.The consortium of buyers, which includes the company's three founding shareholders--Alexander Machkevitch, Alijan ...

Eurozone crisis live Economic optimism drives markets higher

Mon, 20 May 2013 04:46:58 -0400

higher than in February, a somewhat encouraging sign for the future . Industrial sales (as opposed to future orders) tumbled 7.6% year-on-year, and were down 0.9% on a monthly ...

How to design your ideal life

Mon, 20 May 2013 04:46:56 -0400

Martin Bjergegaard with his daughter Mynte, when she was younger. 'I wanted to show my dad that being successful didn't mean you couldn't have a good life ...

Will Pinterest Ruin Your Wedding

Mon, 20 May 2013 04:43:55 -0400

There are certain things no one tells you when you start planning a wedding. No one mentions that much of the process - booking vendor appointments, e-mailing color swatches, creating complex Excel spreadsheets of guest lists, sending out piles of mail - is a lot like having a second job as a receptionist. No one tells you that the economics of buying a wedding dress are roughly the same as ...

North Korea fires fifth missile in three days

Mon, 20 May 2013 04:43:27 -0400

North Korea fired another short-rangemissileinto the Sea of Japan on Monday, the latest in a series ofmissiledrills that have been condemned by South Korea and UN chief Ban ...

Obama to address Guantanamo prison drone program

Mon, 20 May 2013 04:23:12 -0400

Obama will address the U.S. secret drone program's legality and his pledge to shut the Guantanamo Bay detention camp, a White House official said. Obama will address them in a speech Thursday at the Defense Department's National Defense University in Washington -- a speech that will focus on how he intends to bring his counter-terrorism policies in line with the legal structure and ...

India Resource Center Coca-Cola Plant Shut Down in India

Mon, 20 May 2013 04:21:04 -0400

Chinta Dewi, Coca-Cola Bhagao, Krishi Bachao Sangharsh Samiti +91 94507 79325 (Hindi) Nandlal Master, Lok Samiti +91 94153 00520 (Hindi) Amit Srivastava, India Resource Center +91 98103 46161 (India) +1 415 336 7584 ...

American Rights At Work Formal Complaint for FEC Investigation of Wal-Marts Unlawful Federal Election Activity

Mon, 20 May 2013 04:21:04 -0400

Formal Complaint for FEC Investigation of Wal-Mart's Unlawful Federal Election Activity WASHINGTON - August 14 - Today American Rights at Work, the AFL-CIO, Change to Win, and WakeUpWalmart.com will hand ...

WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation

Mon, 20 May 2013 04:21:03 -0400

WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation WASHINGTON - August 14 - WakeUpWalMart.com today, along with American Rights at Work, Change to Win, and the American Federation of Labor and Congress of Industrial Organizations, jointly filed an official complaint with the Federal Election Commission. The groups filed the complaint of ...

Microsoft office goes cloud to join cloud war with Google Docs

Mon, 20 May 2013 04:16:41 -0400

The war on cloud intensified as Microsoft Office announced its decision on Tuesday to go cloud in an attempt to compete with its immediate but not last competitor, Google Docs.Microsoft holds a virtual monopoly on office productivity software. Most computer users in the world use the Office software for word processing, spreadsheet, presentation and other purposes. However, Microsoft Office faces ...