Latest Breaking Business News
RSS-
Sony chief says time needed to study proposal from US hedge fund promises investors revival
TOKYO -- Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday. Sony Chief Executive Kazuo Hirai was speaking to a Tokyo hall packed with thousands of investors for an annual general shareholders' meeting, where the proposal from Third ...
-
Diddy is downright Revolt-ing on TWC
"P. Diddy" and Time Warner Cable CEO Glenn Britt get down on the news that the cable giant will be carrying the rapper’s new channel. Revolt’s new distribution deal with TWC is a boost to its efforts to get advertisers on board with the music-themed channel. "It is rare in this time to be able to get carriage and to get a company as prestigious as Time Warner to ...
-
Irish Economy 2013 Bad loans ratio at 25 in Ireland and Greece 11 in Spain
Irish Economy 2013: Bad loans ratio at 25% in Ireland and Greece; 11% in Spain By Michael Hennigan, Finfacts founder and editor Jun 20, 2013 - 6:22 AM ...
More Breaking Business News
RSS-
Asia assets hammered on China fears Fed upset
TOKYO/SYDNEY (Reuters) - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as factory activity in the world's second largest economy hit a nine-month ...
-
SNB welcomes UBS Credit Suisse capital steps warns on housing market
"Over the past year, the Swiss big banks have substantially increased their risk-weighted capital ratios," the SNB said in its annual financial stability report published on ...
-
Micron calls change hands at a clip ahead of earnings after the close
MU - Micron Technology, Inc. - Options traders appear to be snapping up out of the money call options on Micron Technology this morning ahead of the company's third-quarter earnings report after the closing bell today. Shares in the name kicked off the trading session in rally mode, rising as much as 2.6% to a six-year high of $14.11 in the early going, but have since turned negative to ...
-
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 ...
-
The Asian stock markets plunged in line with the US markets
The appetite for risk remained subdued in the Far East after imploding late Wednesday, when the Federal Reserve maintained its bond-buying program, but Chairman Ben Bernanke hinted that the FOMC plans to moderate purchases later this year. The foreign currencies remain under pressure after tanking. The Asian stock markets plunged in line with the US markets. The short-term outlook for the ...
-
The community college payoff New site reveals earnings of California graduates by program
California's community colleges have published the median earnings of graduates who went straight into the workforce after earning a certificate or associate degree -- pay that varies widely by the field of study.Students interested in studying dramatic arts, for instance, can check the college system's Salary Surfer website and see the median earnings of degree holders were just ...
-
Wipro shares gain on Citigroup order win
Citigroup . According to reports, the tenure of the contract is five years. As a part of the contract, Wipro will be responsible for application development and maintenance, as well as providing IMS services, for Citi's global operations. The contract also requires Wipro to set up a large offshore delivery centre in Bangalore. The large contract comes at a time when ...
-
Emeco cuts earnings forecast again
Shares in mining equipment supplier Emeco Holdings have fallen sharply today to a four-and-a-half year low after the company downgraded its profit forecast for the second time in two months. The company said it expects to report an operating profit after tax in the range of $35 to $36 million, for the year to June ...
-
Minnesota Poll Confidence in personal finances up sharply
A new Minnesota Poll shows that 61 percent of Minnesotans rated their financial situation as good or excellent in June, a huge jump from February, when 45 percent gave their finances positive marks. An additional 29 percent rated their finances as fair, while 8 percent said their finances are ...
-
$1000 genome a mirage
Years of talk about cutting the price of sequencing a human genome to $1,000 has made one prominent genomics guru more than a little cranky. Mick ...
-
2 3Ds now 1 Stratasys buys MakerBot
Brooklyn-based MakerBot hit the jackpot.The 3D-printer maker, which just opened fancy waterfront industrial digs, was acquired by another giant in the industry, Stratasys.MakerBot, co-founded by Bre Pettis, sold for more than $400 million. Stratasys is paying for the merger by issuing 4.76 million new shares.The deal includes incentives for another $200 million in earn-outs.MakerBot, which is ...
-
Morgans urged to sell out
It’s baptism by fire for the new board of Morgans Hotel.A shareholder in the 13-unit hotel chain is expected today to urge the newbie board - on the job for less than a week - to put the company on the block, The Post has learned.Manhattan hedge fund Kerrisdale Capital will also announce it has amassed a 4.3 percent stake in Morgans, owner of the Mondrian Soho and the Delano in ...
-
Metals Stocks Gold prices drop as Fed signals stimulus slowdown
LOS ANGELES (MarketWatch) -- Gold futures dropped Thursday, stung after the Federal Reserve signaled that it may reduce the amount of monetary stimulus it provides as early as this ...
-
Asian stocks down as Fed sees slower bond buys
A visitor is seen at Tokyo Stock Exchange during a morning trading in Tokyo Monday, June 17, 2013. Asian stocks edged up Monday amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program. Tokyo's Nikkei 225, the regional heavyweight, jumped 2.2 percent to 12,960.81, extending Friday's 2.4 percent ...
-
Britain France face EU action over high Eurostar charges
Four members of the Scot's Guards pose for a photograph next to a new Eurostar train, during a media event, in central London, October 7, ...
-
Microsoft Reverses Decision to Impose Restrictions on Used Games for Xbox One
E3: Xbox One to Launch in November for $499 Last week at E3, Microsoft had said it would put restrictions in place to limit the sale of used games for Xbox One. Later that same day, Sony received enthusiastic applause at its press conference when, in previewing its competing PlayStation 4, it said it would instead allow players to lend, trade or resell used disc-based games as they choose. ...
-
Coca-Cola names Lucie Austins replacement
Coca-Cola South Pacific has recruited Chris Johnston to fill the shoes of award-winning marketer Lucie Austin. Johnston has been with Coca-Cola in various roles since 2002 according to his LinkedIn profile. Coke Zero, Coke Red and Diet Coke now fall under his remit as do Fanta, Glaceau Vitamin Water and a team of 50. Austin was behind ‘Share a Coke’, which Coca-Cola’s ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
Toronto Digest
-
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
News from around our Network
