Latest Breaking Business News
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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 ...
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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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More industries becoming data-driven
The story is the same in one field after another, in science, politics, crime prevention, public health, sports and industries as varied as energy and advertising. All are being transformed by data-driven discovery and decisionmaking. The pioneering consumer Internet companies, like Google, Facebook and Amazon, were just the start, experts say. Today, data tools and techniques are used for tasks ...
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Pinnacle Airlines changing name to Endeavor Air
"We're going through the steps necessary to prepare for the change on official government and regulatory documents, thus the Aug. 1 date," said Pinnacle spokesman Joe Williams in an interview ...
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Senate confirms White House aide Froman to be next trade representative
WASHINGTON -- Senior White House economic adviser Michael Froman has been confirmed by the Senate to be the next U.S. trade representative. The law school classmate of President Barack Obama takes over the post as the administration seeks to advance major trade deals with Pacific Rim and European nations. The Senate vote was 93-4 to confirm Froman to succeed Ron Kirk, the former Dallas mayor ...
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Bridgepoint Education seeks to cut staff
San Diego's Bridgepoint Education launched a voluntary buyout program last week to cut staff on the eve of a critical accreditation decision for company-owned Ashford ...
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Illumina ordered to pay $115 million in patent case
SAN DIEGO -; DNA sequencing giant Illumina has been ordered by a federal court to pay Auburn, Wash.-based Syntrix Biosystems $115.1 million in a patent infringement ...
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Want to entice hotel guests Try birds paragliding
Well aware that travelers have an almost limitless choice for where they'll lay their heads down at night, hotels and resorts in San Diego County are stepping up their game to entice visitors to choose them for an overnight ...
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James Gandolfini star of The Sopranos dies in Italy
The Sopranos ," died on Wednesday while vacationing in Rome, the network said. Gandolfini, 51, who began his career in theater in New York, making his Broadway debut in a 1992 revival of "A Streetcar Named Desire," died of a ...
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Tell Sid Public will be offered shares in Lloyds Bank
The prospect of an eventual "tell Sid"-style sale of shares in Lloyds Bank was raised by George Osborne as he claimed Britain's economy had emerged from "intensive ...
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Microsoft has no plans to revisit Xbox Ones $499 price
Even as the company backtracks on its unpopular game-sharing policy, a company executive tells CNET that it won't budge on the price for the console, some $100 more than the rival PlayStation ...
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John McAfee resurfaces as ranting video star mocks McAfee software
John Mcafee, anti-virus software guru, arrives for a news conference outside of the Supreme Court of Justice in Guatemala City, December 4, ...
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George Osborne readies City for Lloyds sell-off
Royal Bank of Scotland , in a move that could delay the bailed-out bank's return to the private sector.In his annual speech to City grandees at Mansion House on Wednesday night, the chancellor said he was "actively considering options for share sales in Lloyds", in which the government has a 39% stake. Speculation is mounting that a partial sell-off of the state's Lloyds ...
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GLOBAL MARKETS-Asian stocks fall on Bernanke comments China data eyed
Wed Jun 19, 2013 8:33pm EDT * MSCI Asia ex-Japan slips 1.2 pct, Nikkei opens down 1.1 pct * Rising U.S. Treasury yields to underpin dollar * China PMI eyed By Chikako Mogi TOKYO, June 20 (Reuters) - Asian shares tracked the overnight drop in U.S. equities after U.S. Federal Reserve Chairman Ben Bernanke confirmed market fears that the Fed would begin reducing its stimulus later this year as the ...
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Nation’s biggest mortgage lenders failing terms of settlement
The nation’s five biggest mortgage lenders have largely satisfied their financial obligations under last year’s $25 billion settlement over mortgage abuses, helping hundreds of thousands of families keep their homes. But four of the five have yet to meet their commitment to end the maze of frustrations that borrowers must navigate to modify their loans, according to a report ...
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Kentucky leaders Urban Outfitters wont sell shot glasses flasks that look like pill bottles
FRANKFORT, Ky. -- Retailer Urban Outfitters Inc. has responded to a multi-state campaign and stopped selling flasks, shot glasses and pint glasses that look like prescription pill bottles, political leaders in drug-plagued Kentucky said Wednesday. The state's top leaders, including Gov. Steve Beshear and Republican U.S. Rep. Hal Rogers, chairman of the powerful House Appropriations ...
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Kim Thompson co-publisher of Fantagraphics Books dies
SEATTLE -- Kim Thompson, co-publisher of influential Seattle-based publisher Fantagraphics Books -- known for celebrated alternative comics, graphic novels and comic strip anthologies -- has died. Fantagraphics announced Thompson's death Wednesday, four months after he was diagnosed with lung cancer. He was 56. Fantagraphics Books has been publishing alternative comics and graphic novels ...
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MediciNova gains 31 percent
I wrote about MediciNova yesterday . Today the market reacted to the news of positive preliminary clinical data for its drug ibudilast, being tested for methamphetamine addiction. Shares of MediciNova surged 31 percent Wednesday, closing at $3.37, up 80 cents for the ...
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Diddy is downright Revolt-ing on TWC
Revolt already has an agreement to launch in around 10 million Comcast homes, as part of a deal Comcast struck with regulators to offer more minority-focused channels. Still, Revolt’s new distribution deal with TWC is a boost to its efforts to get advertisers on board with the music-themed channel. Combs, who has a clothing line and vodka brand, hyped Revolt yesterday at the Cannes Lions ...
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North-south negative equity divide widening
Ratings agency S&P says that 13.5% of mortgage borrowers in north-west England are in negative equity, against 0.9% in London and the ...
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Facebook May Cash In on Vine-Like Vids
Facebook's Instagram May Be Getting Videos Soon ) The social network is hosting a press event at its headquarters Thursday. While Facebook hasn't confirmed what product it will be previewing, it's widely thought that the company will announce a video function for its photo-sharing app Instagram .The video addition is suspected to be similar to Twitter's Vine, a video-sharing ...
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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