Latest Breaking Business News
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Sub sandwich chain Jersey Mikes plans Twin Cities takeover
Jersey Mike’s, a chain of East-Coast-style sandwich shops, plans to open about 10 new stores in the Twin Cities in the next year and a half. Eventually, the plan is to have 50 locations here, area franchisee John Griparis ...
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Dakotas are wooing Minnesota workers companies
The states are appealing directly to workers and businesses in Minnesota, asking them to head for the border. This spring, when Minnesota lawmakers hiked the cigarette tax, created a higher top-tier individual income tax and expanded the sales tax to a handful of industries, a fresh round of interstate wooing ...
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Megaupload founder Kim Dotcom in tears after European firm deletes files from shuttered site
WELLINGTON, New Zealand -- Megaupload founder Kim Dotcom said Thursday he was "in tears" after a European company deleted all the data it was hosting from his shuttered file-sharing site. Netherlands-based LeaseWeb announced it had deleted all Megaupload files from 630 servers. LeaseWeb said in a statement it hosted the data for over a year at its own expense without receiving any ...
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Bernanke No big interest rate hikes coming soon
Ben Bernanke appeared nervous and took frequent sips of water, but the world's most powerful central banker tried to be loud and clear at a Wednesday news conference: Everybody can relax, because there's almost no way the Federal Reserve is going to crank up interest rates anytime ...
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Some gamers mourn Microsofts Xbox One DRM reversal
IDG News Service - There was a largely euphoric reaction online in the hours after Microsoft reversed its policies for the upcoming Xbox One game console, which had restricted resales of used games and required a constant Internet connection. A ...
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Tips Every Car Owner Should Know
You don't have to know that much about cars, as long as you know the rules of car repair. Here are some key pieces of knowledge that will smooth your ...
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ITEX Toronto wins award for outstanding performance
Toronto, Ontario – June 19, 2013 ITEX in Toronto, Canada'se leading business bartering network, announced Wednesday it has earned three awards for outstanding performance, leadership ...
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Goodyear Responds to ABCs The Lookouts Report Undercover Mechanic
Jun 19, 2013 10:00pm ABC’s The Lookout went undercover to Goodyear’s Commack, N.Y. location. Here is the company’s response to our ...
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Wall St dips more than 1 after Fed hints at slowing bond buying
US stocks are closing sharply lower and bond yields are rising after Fed Chairman Ben Bernanke said the central bank could slow its massive bond purchases this ...
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REPEAT-GLOBAL MARKETS-Asian stocks tumble on weak China PMI Fed policy plan
Wed Jun 19, 2013 11:03pm EDT * MSCI Asia ex-Japan slides 2.8 pct to 9-month low * U.S. Treasury yields hit 15-mth high, underpin dollar * China "flash" PMI hit 9-month lows * Asian credit market spreads widen 23 points By Chikako Mogi TOKYO, June 20 (Reuters) - Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already ...
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Voices from Brazils protests
Some comments by Brazilians participating in protests across South America's biggest country: ___ "I'm here because I depend on public transportation which is terrible. Public transportation should not be for profit. I'm here to say we need better buses and better service." -- Maira Zenon, graphic designer, 27, attending protest in Brasilia. ___ "We're out ...
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NY Kodak commits to keeping some operations in Rochester providing $49M for cleanup
ROCHESTER, N.Y. -- New York state and Eastman Kodak Co. have reached a deal that will keep some of the troubled company's operations in Rochester and provide $49 million for environmental cleanup at the once bustling Eastman Business Park. Local media outlets report Wednesday that Kodak will keep advanced manufacturing and its research center at the 1,200-acre site and lease property there ...
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Federal Reserve policymaking group has power over economy through control of interest rates
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Here is a look at how the FOMC operates. Q: What is the FOMC's primary role? A: Its mission is to keep the economy, inflation and employment on a healthy track. When the economy weakens, Fed policymakers cut interest rates or ...
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Digital River to help Adobe sell subscription software
E-commerce firm Digital River Inc. has expanded its sales relationship with Adobe Systems to include marketing subscriptions to Adobe’s cloud-based desktop PC software in 19 areas ...
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Business briefs Dish drops offer for Sprint turns to Clearwire
Dish Network said it was "impracticable" to make a new offer for Sprint Nextel by the mobile-phone carrier's deadline, leaving Softbank as the main contender to acquire the wireless company. Sprint's actions "have made it impracticable for Dish to submit a revised offer by the June 18th deadline," Englewood, Colo.-based Dish said in a statement. "We will ...
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Alzheimers compound repairs damaged neurons
Brain cells harmed by Alzheimer's disease can be repaired by a newly invented compound, according to a study led by Sanford-Burnham Medical Research Institute scientists. The compound, called NitroMemantine, is ready for human clinical trials, said Stuart A. Lipton, the Sanford-Burnham scientist who headed the ...
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Japanese Market Tumbles On Wall Street Lead
Stocks tumbled in early trades in the Japanese market on Thursday, with investors indulging in some heavy selling following Wall Street's weak close overnight on the back of a negative reaction to the Fed's statement about an end to its asset purchase program by mid-2014.However, with some front line stocks bouncing back on strong support at lower levels, the market regained some lost ...
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US stocks trade nearly flat before FOMC announcement
US stocks traded nearly flat in midday Wednesday after a wobbly morning session, as investors stayed on the sidelines before the release of the Federal Open Markets Committee's (FOMC) policy meeting announcement this afternoon.With no major US data due on Wednesday, all eyes are on the announcement and what Fed Chairman Ben Bernanke would say in his press conference for any hint of a ...
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Microsoft retreats on rules for
The Xbox One will not require a regular Internet connection. Gamers will continue to be able to use, trade, sell or loan their games just as they have been on earlier versions. Those announcements, made Wednesday, represent a reversal for Microsoft on two key decisions about its upcoming Xbox One console that had infuriated many gamers. "Since unveiling our plans for Xbox One, my team ...
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China June Flash HSBC PMI Falls to 9-Month Low
Activity in China's vast factory sector decelerated further in June, a private survey of Chinese manufacturers showed on Thursday. The closely-watched flash estimate of the HSBC China purchasing manager's index (PMI) fell to a nine-month low of 48.3, worse than ...
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Xbox One take two -- Microsoft kills the hated DRM
demoed the Windows 8.1 interface, which included the return of the iconic start button. The lack of that button was a pain-point for some users and Microsoft responded by bringing it back. However, this did not signal defeat for the company's Modern UI -- it signaled that the company was listening to users. Yesterday, Microsoft continued this trend as ...
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Ex-Citigroup exec Froman becomes US trade rep
(14 mins ago) The US Senate confirmed White House adviser Michael Froman as the new US trade representative, just as Washington launches free trade talks with the European Union. Froman is a former managing director at Citigroup, which received a US$45 billion government rescue package in 2008 during the financial crisis, and his tenure at the too-big-to-fail bank has raised eyebrows. Some ...
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Rockets Lazada gets $100 million in bid to be Southeast Asias Amazon
(Reuters) - Lazada, the Southeast Asian online retail company founded by Germany's Rocket Internet Gmbh, has secured another $100 million from investors in its bid to lift the region from its status as an e-commerce ...
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Sony to consider Third Points proposal Sony CEO Hirai
Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to ...
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Euro ministers to decide direct bank recapitalization rules on Thursday
BRUSSELS (Reuters) - Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic ...
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Report Medtronics DF4 defibrillator wire fractured
Medtronic Inc. DF4 defibrillator wire used to connect the lifesaving device to the heart inexplicably fractured after 18 months in a 52-year-old man, raising questions about how quickly doctors should embrace new technology, researchers ...
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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