Latest Breaking Business News
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Workers demand more action from Italian government
Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...
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Americans find happiness in household wealth
Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...
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Hackers take on Financial Times web site
Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...
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Hackers get into important Saudi websites
The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...
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Digital world creeps up on Target
Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...
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SUV passengers more likely to survive crashes
Passengers in SUVs are now known to be more likely to survive a serious crash. A new study conducted by the University of Buffalo in the US has found the driver of the SUV is as much as 10 times more likely to survive in a head-on collision where a passenger car is involved. While automakers have taken steps to improve safety in normal passenger cars, such as changing bumper designs on ...
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Spain sees rise in surplus
Spain has reported a trade surplus, the first since 1971. With imports slumping due to austerity measures, the first monthly trade surplus for more than 40 years is being seen as a positive development. However, the country is still suffering from an economic downturn with unemployment in Spain now running at 26.7%. The surplus of 634.9 million euros in March reflects a 15% plunge in ...
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Ryder System shares could rise 20 percent Barrons
(Reuters) - Ryder System <R.N), a truck rental and supply chain management company, could see its shares rise as much as 20 percent, according to a Barron's ...
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Analysis High speed trading a stiff challenge for U.S. regulators
CHICAGO (Reuters) - Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown ...
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$A higher after Wall St rallies
THE Australian dollar is slightly higher, but has failed to make any significant gains despite US stocks rising to a new all-time record at the end of last week. At 0700 AEST on Monday, the local unit was trading at 97.59 US cents, up from 97.37 cents on Friday. Late on Friday night, the currency fell as low as 97.11 US cents, its weakest level since early June 2012. The US dollar continued to ...
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Analysis Little sign Abe can shake up Japans inbound FDI
By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with ...
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Insight Despite curbs Chinas vast hot money triangle flourishes
ZHUHAI, China/HONG KONG (Reuters) - In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling ...
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Exclusive Bangladesh factory banned by Wal-Mart still makes Wrangler shirts
GAZIPUR, Bangladesh (Reuters) - A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF ...
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Reports Yahoo to acquire Tumblr for $1.1B
YHOO ) may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, California, company's board of directors met Sunday and approved a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer ...
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Expectations run high for Microsofts next-gen Xbox
Microsoft unveiled the Xbox 360, double the amount of time between the original Xbox debut in 2001 and its high-definition successor's launch in 2005. With the next-generation Xbox expected to be revealed Tuesday, anticipation for the entertainment console's latest evolution is running high. ``People get excited about new consoles because consoles represent the future,'' ...
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Yahoos board approves $1.1 billion Tumblr acquisition WSJ
SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr ...
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Gasoline prices at US pumps 11 cents over past 2 weeks
CAMARILLO, Calif. - The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is $3.98. Diesel held steady at $3.93 gallon. Of the cities surveyed in the Lower 48 states, Tucson, Ariz., has the ...
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Ahead of shareholder meeting JPMorgan CEO Dimon is under pressure fighting for chairman job
NEW YORK - Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs. It's been just more than a year since his bank, JPMorgan Chase, revealed a surprise trading loss that tarnished its usually stellar reputation in Washington and on Wall Street, and what a difference it has made. ...
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Central bank watch on Wall St this week
Wall Street seems destined to push to fresh highs again this week as investors continue to bet on both an improving economic outlook and a solid commitment from the US Federal Reserve to counter any weakness. On Friday, the Dow Jones industrial average rose 0.80 per cent to close at a record 15,354.40, while the Standard & Poor's 500 Index added 0.95 per cent to finish at a record ...
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Delta CEO plans to add jobs in NE Minnesota
Delta Air Lines says he plans to add jobs at the carrier's reservation center in the northeastern Minnesota city of Chisholm. CEO Richard Anderson tells the Mesabi Daily News of Virginia, Minn., ...
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TalkTalk extends X Factor deal
James Arthur performs in The X Factor final in December - the ITV show remains a part of TalkTalk's media strategy. Photograph: Ken Mckay/Rex ...
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Star Trek Into Darkness makes $70.6 million over weekend falling short of last movie
LOS ANGELES - "Star Trek Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.The latest voyage of the starship Enterprise fell short of its predecessor, 2009's "Star Trek," which opened with $75.2 million.Since ...
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Marks Spencer under fire over online tax arrangements
Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing the its sales operation as similar to that of the internet retail giant Amazon.The British retailer has been expanding its online operations to several countries across Europe with a ...
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Can Farm Waste Save Biofuels
Imagine a world where leftover corn, wheat and wood chips can be used to power your car. That's the aim of cellulosic ethanol, a budding sector of the renewable fuel industry that finds itself struggling to reassert itself in a world of renewed popularity for oil and gas. The process aims to transform agriculture waste, most of which would normally be discarded, into a renewable source of ...
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Euro Tax To Decimate Pensions Report Says
The trading of government bonds would be rendered uneconomic and pensioners would find their savings hit under proposals for a Europe-wide financial transactions tax, according to one of the financial sector's most influential trade bodies. In a report to be published on Monday by the Association for Financial Markets in Europe (AFME), the European Commission will be warned that its ...
Britain Feature
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Britain losing interest in leading?
Britain was once the most powerful country in the world, it ran an empire that was the envy of every other colonial power, and gave the world a number of modern institutions that are still widely used today, most notable in the realm of political systems and democratic checks and balances. But Britain today is a shadow of what it once was, some might say it is just another country, nothing special.
Perhaps it’s a little harsh to say there’s nothing special about the UK. The United Kingdom remains an influential country in international politics, especially throughout the Commonwealth, and the capital city, London, is headquarters to some of the world’s biggest companies and home to one of the largest stock exchanges in the world. Read more
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