Latest Breaking Business News
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House to vote on cuts to crop insurance as part of wide-ranging farm bill
WASHINGTON -- The House will vote Thursday on whether to cut federally-subsidized crop insurance that helps farmers when they lose crops or revenue. The amendment by Rep. Ron Kind, D-Wis., would limit government help for crop insurance paid to wealthy farmers and limit the subsidies the government gives crop insurance companies. A vote on the amendment is one of several expected on the ...
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Microsoft makes u-turn on Xbox One features
Microsoft has reversed plans to implement a number of features on its upcoming Xbox One gaming console after a wave of criticism online. The company has initially suggested that the Xbox One could block the use of second-hand games, stopping users from trading in old games or swapping software with friends. Gamers also expressed distaste for a requirement that the console be connected to the ...
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Xbox One U-turn - has Microsoft done enough
Microsoft has responded to global outcry by abandoning plans to require daily online authentication and to restrict sharing of games on its forthcoming Xbox One console. Xbox president, Don Mattrick, said the decision came after 'candid feedback' from gamers - there had been much outcry and talk of boycotting the console. However Microsoft did not move to address concerns over a price ...
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BIS Government must match rhetoric with action on equal pay
Pay Act enshrined in law the principle that men and women doing the same or comparable work should be paid the same amount. Four decades on, we are still waiting for true ...
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Where pampering pooches is providing business opportunities
In a climate of austerity, people may be resigned to curbing their spending on themselves, but they are not prepared to inflict the same frugality on their pets.According to the latest Mintel Pet Food and Supplies report, sales of dog food reached a record 1bn in 2012, a trend driven by growth in the nation's treat culture. Perhaps more tellingly, 66% of pet owners admitted to ...
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Live QA How to pitch to investors
It can be hard to work out what's important when planning a pitch - for example, how important is buying a new suit for the big day? Photograph: David Sillitoe for the ...
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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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Shares slide after Bernanke hints at end to stimulus - live
The nine-month low raised new fears over the strength of China's economy, which already appeared to be losing some impetus. The flash HSBC Purchasing Managers' Index fell to 48.3 in June from May's final reading of 49.2, which means a sharper contraction in ...
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Thursday Newspaper Review - Irish Business News and International Stories - - June 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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Microsoft rows back on Xbox One limits
Microsoft has rolled back a much-criticised requirement that its upcoming Xbox One gaming console be regularly connected to the internet, and made clear that there will be no limitations on sharing games.Microsoft has been criticised for vague statements about whether it will allow Xbox One buyers to play secondhand software. Gamers also expressed distaste for a requirement that the console be ...
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Microsoft will pay you to successfully hack Windows
announces that it will be offering direct cash payments"in exchange for reporting certain types of vulnerabilities and exploitation techniques". No, Microsoft has not gone crazy (at least I hope). Companies usually offer such bounty programs for sane reasons -- security and publicity. From a security standpoint, it makes sense for Microsoft to invite people to hack its products. When ...
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UPDATE 2-UK watchdog says Lloyds must raise $13.5 bln capital
Thu Jun 20, 2013 3:59am EDT * Regulator sees 27.1 bln stg capital shortfall at 5 banks * Introduces leverage ratio ahead of global deadline * RBS, Lloyds say no need to issue new shares, debt * Barclays, Nationwide asked to cut leverage By Huw Jones and Matt Scuffham LONDON, June 20 (Reuters) - Lloyds Banking Group must plug a capital shortfall of 8.6 billion pounds ($13.5 billion), ...
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Sony CEO asks for patience as shareholders press on spinoff plan
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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Japans Nomura cuts Australian jobs as banks trim costs
Nomura is removing duplication from its equities business after its acquisition of the Instinet trading platform, a source familiar with the process ...
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UK watchdog details bank capital shortfalls
LONDON (Reuters) - Lloyds Bank has a capital shortfall of 8.6 billion pounds, Britain's banking regulator said on Thursday, a day after the UK government signalled plans to return the part-state owned lender to the private sector.The Prudential Regulation Authority said the aggregate capital shortfall at UK five banks at the end of 2012 was 27.1 billion pounds, slightly higher than its 25 ...
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REFILE-UPDATE 1-Intrepid Mines board survives coup over lost Indonesia mine
Thu Jun 20, 2013 3:07am EDT (Refiles to fix link to Factbox in sandwich box; no other changes to text) * Shareholders reject plan to play down legal pursuit * Over 20 pct of Intrepid held by new investors * Intrepid trying to find out who is behind new investors * Intrepid shares fall 8.7 pct after vote supports board MELBOURNE, June 20 (Reuters) - Shareholders of Intrepid Mines backed their ...
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Deputized to provide clarity Bernanke explains Fed plan to scale back bond-buying program
WASHINGTON -- A muddled message from the Federal Reserve has rattled investors for weeks. So Chairman Ben Bernanke tried to set the record straight Wednesday about the Fed's plans to shrink its bond-buying program later this year and end it entirely in 2014 if the economy continues to improve. Wall Street didn't like the content of Bernanke's message -- investors dumped stocks ...
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Prosecutors raid South Koreas nuclear operator as probe widens into fabricated test results
SEOUL, South Korea -- South Korea's sole nuclear operator says investigators raided its offices as part of a probe into nuclear plant cables. Korea Hydro & Nuclear Power Co. spokesman Lee Yoon-dong said Thursday prosecutors seized documents and computer hard drives from offices including its headquarters in southeastern Korea. Prosecutors could not be reached for comment. South Korea ...
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AP PHOTOS For amputees wounds from Bangladesh garment factory collapse will never fade
SAVAR, Bangladesh -- It was the worst disaster in the history of the garment industry. When the Rana Plaza factory building crashed down in April, 1,129 people were killed. But many others had to sacrifice their limbs to survive. Arms and legs were trapped under the building rubble, forcing rescuers with no medical training to perform amputations on the spot to free the victims. No anesthesia ...
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Chinese astronauts twirl gyroscopes strike kung fu poses in students lecture from space
BEIJING -- Astronauts struck floating martial arts poses, twirled gyroscopes and manipulated wobbling globes of water during a lecture Thursday from China's orbiting space station that's part of efforts to popularize the space program among young people. Wang Yaping demonstrated principles of weightlessness and took questions live from among the 330 grade school kids gathered at a ...
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Currencies Dollar climbs in Fed’s wake extends gains vs. yen
LOS ANGELES (MarketWatch) -- The U.S. dollar climbed Thursday, building on gains after the U.S. Federal Reserve said it may slow the pace of bond purchases by the end of the ...
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Futures Movers Oil prices struggle on energy demand Fed worries
LOS ANGELES (MarketWatch) -- U.S. crude-oil futures fell Thursday, as the market grappled with weak manufacturing-activity figures from China, an increase in U.S. oil supply and signaling by the Federal Reserve that a reduction in monetary stimulus is in ...
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Energy Stocks Energy stocks turn lower after Fed decision
SAN FRANCISCO (MarketWatch) -- Energy stocks turned lower after U.S. Federal Reserve Chairman said the Fed tapering, or scaling back on bond buying, could begin later this year if the economy continues to ...
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Wall Street drops on Fed news
Equities have been closely tethered to ultra-loose monetary policy, which has been key to the S&P's climb of more than 14 percent so far this year. Benchmark 10-year US bond yields jumped to a 15-month high on expectations the Fed will reduce its bond ...
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Xbox One Microsoft U-turns on DRM restrictions after gamer outcry
Company responds to global outcry and removes daily online requirements and restrictions to pre-owned sales. Xbox president, Don Mattrick, thanks gamers for "candid ...
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Boot up Microsoft Nokia acquisition talks iPhone passwords security YouTube ad revenues and more
Nokia Corp. about buying its handset business, people familiar with the matter said, as laggards in the fast-moving mobile market struggle to gain ground. The discussions faltered over price and worries about Nokia's slumping market position, among other issues, these people said. One of the people said talks took place as recently as this month but aren't likely to be ...
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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