Latest Breaking Business News
RSS-
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 ...
-
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 ...
-
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 ...
More Breaking Business News
RSS-
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 ...
-
Prime central London property prices inflate bubble fears
now comfortably through the half-a-million pound mark, at 515,243 . It sounds a lot, but in some parts of the capital it is small change.Land Registry figures show the most expensive areas of the country - and those that have seen some of the biggest increases in prices - are the neighbourhoods that estate agents like to call "prime central London".The property boom in these places - ...
-
Chinas manufacturing PMI dips to nine-month low in June
China's manufacturing PMI (purchasing managers' index) dipped to a nine-month low in June as output and new orders both fell. As Beijing seeks to rebalance the economy from high spending on investment to consumer spending, it is faced by a glut in many manufacturing sectors as overcapacity has been boosted by big public subsidies to undercut the prices of Western ...
-
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 ...
-
Irish Economy Average earnings rose slightly in 2012 after 3 straight years of falls
Irish Economy: Average earnings rose slightly in 2012 after 3 straight years of falls, figures from the Central Statistics Office issued on Wednesday, ...
-
Public will be offered shares in Lloyds Bank says George Osborne
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 ...
-
Fate of Microsofts tablet OS in question -- again
(Credit: Microsoft) Reports that Windows RT is headed for the dustbin of failed Microsoft operating systems has become a month -- if not weekly -- ritual for Asia-based sources. This time ...
-
SandRidge ousts CEO Ward Bennett takes the helm
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 ...
-
Kuwait Finance House says 20 percent capital increase oversubscribed
KFIN.KW ) (KFH), the Gulf Arab state's largest Islamic bank, said on Thursday its 20 percent capital increase had been oversubscribed by shareholders, without providing specific ...
-
Intrepid Mines board survives coup over lost Indonesia mine
IAU.AX ) backed their board and its attempt to reclaim rights to a $5 billion copper and gold project in Indonesia, defeating a plan by a private equity investor to oust the board on ...
-
Indonesian mine ownership disputes
Intrepid Mines is battling to win back an 80 percent stake in the Tujuh Bukit copper and gold project in Indonesia's East Java, where its partners sold its interest to powerful businessmen. It is the latest victim of ownership fights in Indonesia, a minerals-rich country that global group Transparency International ranked 118 out of 174 on perceptions of public corruption. Following are ...
-
Alcoa Announces Completion of Aluminum Lithium Capacity Expansion at UK Facility
Alcoa today announced it has completed the expansion of aluminum lithium capacity at its Kitts Green facility in the United Kingdom to serve the growing demand for the Company’s 3rd generation aluminum lithium alloys. Alcoa projects its aluminum lithium revenues will quadruple over the next six years to nearly $200 ...
-
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 ...
-
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 ...
-
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 ...
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
