Latest Breaking Business News
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Workers demand more action from Italian government
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 ...
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Americans find happiness in household wealth
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 ...
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Construction begins on new island off Jumeirah Beach in Dubai
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 ...
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Hackers take on Financial Times web site
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 ...
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Digital world creeps up on Target
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 ...
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Hackers get into important Saudi websites
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 ...
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Effector Therapeutics raises $45 million
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 ...
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Wall Street Turns Cautious As It Awaits Fresh Catalysts
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 ...
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Eliminating neglected tropical diseases how to reach the targets
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 ...
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QE Halt Too Violent for Market Feds Fisher
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 ...
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Goldman Sachs to Exit ICBC Report
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 ...
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Bison Eyes London Float Amid US Fracking Boom
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 ...
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GE Capital plans to pay $11 billion in dividends to GE
(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 ...
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Monster machines fan out on U.S. farms facing slow sow
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 ...
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Gulf wealth funds raising private equity investments study
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 ...
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Vodafone withdraws from BT mobile partner talks sources
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 ...
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HSBC Chairman Premature to Review UK Domicile
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, ...
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UK Business Minister RBS Lloyds Too Risk-Averse on Loans to Firms
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 ...
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Chinese Communist Party Expels Former Agricultural Bank Executive -Xinhua
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 ...
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Gold Slump Hits Silver
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 ...
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UK Business Leaders Say Economic Case For UK Staying In EU Is Overwhelming
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 ...
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Market Snapshot Stock futures flat no data Fed’s Evans to speak
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 ...
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How going pop-up helped us sell our ponchos
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 ...
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Monday Newspaper Review - Irish Business News and International Stories - - May 20 2013
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 ...
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Hedge Fund Owner Cohen Gets Subpoena to Testify
SAC Capital Advisors , a development that signals a newly aggressive phase in the multiyear inquiry, according to lawyers and executives briefed on the case.Issued last week, the grand jury subpoena came as part of a broader round of requests from criminal authorities. Other SAC executives were also named in the subpoenas, the lawyers and executives said, and the fund itself received requests ...
Toronto Digest
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Toronto's historical hospital due for upgrade
Toronto East General Hospital is undergoing a massive redevelopment and expansion plan that aims to update the tired facility, which is one of the oldest in the city.
Toronto East General Hospital was opened in 1929 and has been in continual operation ever since, located at 825 Coxwell Avenue in the capital of Ontario, the hospital is a community teaching hospital and has a bed capacity of 470. It treated over 60,000 people in its emergency room last year and provided in-patient care to over 19,000 people. Read more
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