Latest Breaking Business News
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Appeals court directs Ex-Im Bank to explain rationale for loan guarantee to Air India
WASHINGTON - A U.S. appeals court has upheld a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Indian state-owned carrier Air India in a legal challenge brought by Delta Air Lines to the loan guarantee. The court has however directed the government-run bank to better explain its rationale for providing loan guarantee, which Delta claimed as a ...
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Google renews efforts wipe out child porn images from internet
LONDON - Internet giant Google said it is spending $5 million to wipe images of child abuse off the Internet and another $2 million to create tools to find the images and eradicate them. "We're in the business of making information widely available, but there's certain 'information' that should never be created or found," wrote Jacqueline Fuller, director of Google Giving, in a blog post. ...
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GSK negotiating sale of thrombosis drug and plant to Aspen
DURBAN / LONDON - South Africa's biggest generic drug maker Aspen Pharmacare and its subsidiary Aspen Global Incorporated have made an offer to acquire thrombosis drugs and their associated manufacturing site at Notre Dame de Bondeville, France, from GlaxoSmithKline (GSK). "AGI will acquire from GSK the Arixtra and Fraxiparine/Fraxodi brands and business worldwide, except in China, Pakistan ...
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Carbon trading to begin in Shenzhen in bid to cut emission
BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...
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Rise in transportation costs push up UK inflation to 2.7pc
LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...
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Yahoo follows Facebook and Microsoft in publishing US govt sought snoop data
Internet corporation Yahoo has followed the league of technological companies in publishing reports about 'snoop data' requests made by the US government. According to the Guardian, Yahoo has revealed that it had received 12,000-13,000 requests, inclusive of criminal, Foreign Intelligence Surveillance Act (FISA), and other requests by the government between 1 December 2012 and 31 May ...
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I like the way you look and Ive been fired. George Zimmer out at Mens Wearhouse
Men's Wearhouse Inc. has dismissed its founder and executive chairman George Zimmer.In a terse release issued Wednesday, the company didn't give a reason for the abrupt firing of Zimmer, who built Men's Wearhouse from one small Texas store using a cigar box as a cash register to one of the nation's largest specialty retailers in men's clothing, with 1,143 locations.In ...
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Financial Stocks Financial stocks retreat ahead of Fed decision
"It's just some last-minute nervousness about exactly what the Fed statement will say and what Bernanke might say at his press conference this afternoon," said David Hilder, analyst at Drexel ...
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Tech Stocks Adobe rises but Apple Microsoft slip
SAN FRANCISCO (MarketWatch) -- Shares of Adobe Systems Inc. jumped Wednesday, but the tech sector was weighed down by sliding shares of Apple Inc. and Microsoft ...
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Movers Shakers Wednesday’s movers Sprint down as Dish drags feet
SAN FRANCISCO (MarketWatch) -- Sprint Nextel Corp. fell on Wednesday after Dish Network Corp. opted not to raise its competing offer for the wireless carrier, all but effectively yielding the field to Japan's SoftBank ...
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US stocks edge lower
New York - US stocks are edging lower in early trading on Wall Street as investors hold back ahead of a policy announcement from the Federal ...
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Delays and high prices leave rail passengers dissatisfied
Passenger satisfaction on the railways is dipping, with value for money and how companies deal with delays being the biggest cause for complaint, according to a survey of thousands of train customers.Just one train company, Great Anglia, improved its overall satisfaction levels between spring 2012 and spring 2013, the poll by rail customer watchdog Passenger Focus found.Nationally, the ...
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Bernanke Ultimate Lame Duck Langone
Whatever Federal Reserve Chairman Ben Bernanke says now is temporary because it looks like he'll be leaving his post, billionaire investor Kenneth Langone told CNBC on Wednesday. In an interview with Charlie Rose that aired Monday, President Barack Obama hinted that Bernanke may be on his way out. ...
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Ask Bernanke What Question Would You Pose
So here's the picture: You're sitting in the psychiatrist's chair, legs crossed and notebook ready. Across from you is Ben Bernanke, the chairman of ...
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Who Will Replace Bernanke Naming Names
Adam Posen, president of the Peterson Institute for International Economics, highlights that while Janet Yellen is a strong candidate to succeed Bernanke, there are a number of other people who could do the ...
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CBO Immigration Plan Would Cut Deficit
Members of United We Dream, an immigrant youth-led organization, wearing caps and gowns hold their fists in the air on the steps of the Senate to call for immigration ...
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Stocks open flat traders wait on Feds policy statement
1 hour ago Stocks opened flat on Wednesday, with global markets trading cautiously, as investors hesitated to jump in ahead of the Federal Reserve's all-important policy statement and Chairman Ben Bernanke's press briefing later in the day. ...
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Microsoft Qualcomm to team up on next round of Surface RTs -- report
(Credit: CNET) Microsoft and Qualcomm will work together on the next generation of Surface RT devices, a new report claims. Microsoft will use Qualcomm's Snapdragon processor in some versions of its Surface ...
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Mens Wearhouse terminates founder Zimmer as executive chairman
MW.N ) ousted Executive Chairman George Zimmer, who founded the company 40 years ago, sending its shares down as much as 6 percent in early ...
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Analysis Half-way to lost decade Europes growth task as tough as ever
LONDON (Reuters) - Half-way towards a lost decade for Europe's economy, pessimism persists about the political will to halt a worrying slide in the region's potential ...
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Britain says reckless bankers could face jail
LONDON (Reuters) - Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back, according to proposals backed by Britain's prime minister on ...
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Market Snapshot U.S. stocks steady Wall Street waits for Fed
NEW YORK (MarketWatch) -- U.S. stocks traded little changed on Wednesday after a two-day rally, with investors on uncertain footing ahead of the Federal Reserve's policy decision later in the ...
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MTU Aero sees at least $1.1 billion of orders at show
German aircraft engine maker MTU Aero Engines said its order intake at this year's Paris Airshow will reach at least $1.1 billion thanks to demand for Pratt & Whitney's geared turbofan model. The figure, which includes options, is well above the 600 million euros ($804 million) booked at the 2011 Paris Airshow but still short of the record 1.3 billion of orders netted at last ...
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Think Twice Before Concluding ETNs are Safe
It's already been five years since the credit crisis turned the world of finance upside down. Are credit backed exchange-traded notes (ETNs) now safe? Let's examine some of the basics about these types of financial ...
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Stocks Waver All Eyes on the Fed
FOX Business: Capitalism Lives Here The markets hovered about a tight range Wednesday as traders braced for the Federal Reserve's policy decision later in the day. Today's Markets As of 10:32 a.m. ET, the Dow Jones Industrial Average fell 10.9 points, or 0.07%, to 15307, the S&P 500 dipped 1.1 points, or 0.06%, to 1651 and the Nasdaq Composite rose 0.8 point, or 0.03%, to 3483. ...
Haiti Feature
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Haitian language offers insight
Grief for Haiti quickly turned to contempt for a country of poverty-stricken victims of the greatest tragedy in the country’s history, but there is more to this nation than destruction and underdevelopment and a Haitian-born teacher, who now lives in the US is doing something to try and show this fact.
Haiti has become a country known only for the devastation that was wrought by the January 12th earthquake, a date now infamous in the media. In the wake of the destruction, there was an outpouring of concern and grief followed by condemnation of the country for its third world ways and the inability of government to deal with the chaos and devastation. Read more
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