Latest Breaking Business News
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Xbox One Eighty Microsoft fails to sell the future retreats to the past
Some day, far down the road, we'll be sitting with our grandchildren at our feet, rocking in our holochair, watching the virtual sun set in our Googlezon immersi-room, and we'll get all nostalgic. We'll look back on the period of May to June 2013 fondly, remembering all those memes we posted and those angry diatribes we wrote. We'll look down fondly at those tiny children, ...
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Photos 7 of the Biggest Celebrity Pets Around
These furry pets have the world in their paws. From movie deals to brand sponsorships and book deals, these animals are taking center stage and represent a new world of pet ...
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US stocks tumble on Fed announcement
US stocks have fallen sharply after Federal Reserve chairman Ben Bernanke said the Fed may begin to taper bond purchases later this year. The Dow Jones Industrial Average sank 206.04 (1.35 per cent) to ...
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Microsoft mulled buying Nokia unit
SAN FRANCISCO (AFP) - Microsoft was in talks to boost its position in the mobile phone market by buying the devices business from Nokia but failed to seal a deal, the Wall Street Journal reported Wednesday.The Journal cited unnamed sources as saying the US technology titan and the pioneering Finnish mobile phone company were involved in serious talks that recently faltered.Microsoft has been ...
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Stocks slide and Treasury yields spike after Bernanke says Fed could slow its bond purchases
NEW YORK -- Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of 2014. The reaction by investors -- the Dow Jones industrial average fell more than 200 points and the yield on the 10-year Treasury note rose to its highest in 15 months -- showed just how much investors have ...
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Obama to tap executive powers to curb emissions blamed for global warming
WASHINGTON -- President Barack Obama is planning a major push using executive powers to tackle the pollution blamed for global warming in an effort to make good on promises he made at the start of his second term. Obama's energy and climate adviser, Heather Zichal, said Wednesday the plan would boost energy efficiency of appliances and buildings, expand renewable energy and use 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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Merging OfficeMax Office Depot want Ill. and Fla. to vie for combined HQ though tax breaks
CHAMPAIGN, Ill. -- OfficeMax Inc. and Office Depot Inc. want Illinois and Florida to compete to be the home of their combined headquarters if their proposed merger is approved by offering the best package of tax breaks that they can. Naperville-based OfficeMax made its pitch to Illinois lawmakers Tuesday when executives testified before a state Senate Executive Committee hearing in ...
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Porsche GMC top annual survey of vehicle quality but results dragged down by tech features
DETROIT -- Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail. The top complaints in J.D. Power's closely-watched survey of new vehicle owners, released Wednesday, involved technologies that drivers are clamoring for. Voice recognition systems either didn't recognize ...
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Woody Harrelson behind company making environmentally friendly paper that saves virgin trees
LOS ANGELES -- Woody Harrelson is putting his paper where his passions are. The 51-year-old actor is the co-founder of Prairie Pulp & Paper Inc., which launched its brand of environmentally friendly paper Wednesday. The company spent 15 years researching and developing its Step Forward Paper. It's made of wheat-straw waste and wood fiber rather than virgin trees. The company says ...
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Microsoft Responds To Fan Outcry Changes Xbox One Policies
Don Mattrick, president of Interactive Entertainment Business at Microsoft, greets the crowd at the Xbox One reveal event in Redmond, Wash., last ...
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Microsoft Says XBox is no Big Brother
Microsoft manager Marc Whitten doesn't think a lot of the recent criticisms from data security advocates about Microsoft's new XBox One gaming console are fair. "The player controls the system, not the other way around," says the man who has become known as the Father of the XBox One, speaking to dpa on the sidelines of the E3 gaming convention in Los Angeles. Critics ...
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Long-term transport plan urgently needed say engineers
Engineers have warned that a lack of strategy, patchy maintenance and uncertain funding is undermining Britain's infrastructure, and have called for an independent commission to create a long-term transport plan.The Institution of Civil Engineers (ICE) said that the short-term political cycle and spending decisions were leaving necessary work undone and delaying big projects.ICE said ...
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Mervyn King goodbye to the governor | Editorial
Bank of England governor steps down at the end of this month. Unsurprisingly, Sir Mervyn's recent interventions have had a allowable tinge of sepia. Yesterday's address was no different. "A game of two halves," ran a trademark sporting metaphor. "Full of incident, with a red card or two and a passionate and at times justifiably angry crowd."A better summary might be ...
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Oddworld Inhabitants Founder Lorne Lanning Believes Microsoft Will Right Xbox One Ship
Lorne Lanning, founder of Oddworld Inhabitants, launched Oddworld: Abe's Oddysee on Sony PlayStation in 1997. After developing a sequel for Sony and publisher GT Interactive, Oddworld: Abe's Exodus in 1998, the independent developer opted for Microsoft's Xbox platform with Oddworld: Munch's Oddysee in 2001. Lanning found himself back in Sony's camp, on the stage during ...
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Report Microsoft and Nokia talked acquisition
IDG News Service - Microsoft and cellphone maker Nokia were in advanced talks about an acquisition of the Finnish company's device business, but the discussions have broken down, according to a report in The Wall Street Journal. Such a deal might have improved both companies' ability to compete in a world dominated by smartphones offered by Apple, which makes both hardware and ...
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Wall Streets Taper Dance
Taper, taper, taper! You know you're doing it. It's the newest dance craze among the Fed-obsessed on Wall Street who hang on to every single word uttered by the Chairman. Gyrating wildly not knowing if the central bank would relax its quantitative easing or not, traders have been doing the taper twist and turn for what feels like weeks.Wednesday - finally - The ...
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Taco Bell Tries New Protein-Packed Menu
Taco Bell plans to test a "Power Protein" menu that it's hoping will eventually be hit with its core audience --young men. The chain says it will start testing the menu July 25 at about 40 locations in Dayton, Ohio. The burritos and bowls will have double portions of chicken or steak, and toppings such as corn, guacamole and reduced fat sour cream. They'll be made with ...
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New York to Get Vegas-Style Casinos
The agreement will allow Las Vegas-style resort casinos in the Southern Tier near Binghamton, the Hudson Valley-Catskills area and the Albany area. One region may get two casinos and that will likely be in the Catskills, which has a tradition of resort development. The deal also authorizes two video slot centers of 1,000 machines each on Long Island run by the off-track betting agencies of ...
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Jeffrey Katzenberg Scales Up DreamWorks
CNBC's Julia Boorstin speaks to DreamWorks Animation CEO Jeffrey Katzenberg about the company's partnership with the Chinese government and its deal with ...
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NY State to privatize Long Island utility freeze rates Governor Cuomo
NEW YORK (Reuters) - New York lawmakers announced a deal on Wednesday to privatize utility operations on Long Island and revamp the Long Island Power Authority, a state-owned New York utility company that was criticized for its response during last year's Superstorm ...
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Ally deal draws limited objections from ResCap creditors
(Reuters) - Ally Financial Inc's proposed $2.1 billion agreement reached last month with creditors of its bankrupt Residential Capital LLC subsidiary cleared a key court deadline with only one vigorous objection, though several warning shots were ...
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UPDATE 1-Microsoft reverses position on Xbox One Internet game sharing
Wed Jun 19, 2013 6:55pm EDT SEATTLE, June 19 (Reuters) - Microsoft Corp said on Wednesday that users of its forthcoming Xbox One game console will be able to play games offline without establishing an Internet connection, and will be able to lend or sell used disc-based games. The announcement reverses the company's position when it unveiled the console in May, causing consternation among ...
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Warnings of REITs demise may be premature
The old adage that opportunity arises from adversity seems apt for the evolution of real estate investment trusts (REITs) in Canada. Marking a 20-year milestone this month, the collective real estate ownership investments have evolved into a market with at least 37 TSX-listed trusts, a market capitalization worth at least $72-billion, and assets worth more than $100-billion. Despite a recent ...
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Quebec sets two-week deadline for construction strike
MONTREAL - The Quebec government has set an informal two-week deadline to resolve the province’s construction sector strike as reports surface of union brigades pressing non-unionized workers to put down their tools. ';If, in two weeks, no agreement has been reached, at a certain point we’ll have to take more drastic action,'; Premier Pauline Marois told reporters ...
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UPDATE 2-Britain to look at RBS split start Lloyds sale soon
Wed Jun 19, 2013 6:48pm EDT By Matt Scuffham and David Milliken LONDON, June 19 (Reuters) - Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland, Finance Minister George Osborne said on Wednesday, after acknowledging the re-privatisation of RBS remains a long way off. The government is keen to show Britain's ...
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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