Latest Breaking Business News
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June 28 to see News Corp split into two companies
WASHINGTON - Rupert Murdoch's News Corporation Friday announced the planned separation of the $76-billion conglomerate into two distinct publicly traded companies, with one to be renamed 21st Century Fox and the publishing firm to retain the News Corp brand. The split has been formally approved by the Board of Directors. The Company announced appointments to the Boards of Directors of both ...
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Audit records of Chinese firms to be made accessible to US regulators
BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...
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Investments being sought by Croatia for oil exploration in Adriatic Sea
ZAGREB/LONDON - Croatia, soon to become the 28th member of the European Union,- is looking to undiscovered oil and gas fields in the Adriatic Sea to revive its ailing economy, according to the country's president. Ivo Josipovic told CNN that Croatia is searching for partners in the energy sector to help reveal oil and gas "green fields" in the waters that separate the Balkan nations and ...
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Fan fiction authors to find platform on Amazon
WASHINGTON - Amazon, the largest online retailer of books, movies, music and games, Friday offered its Kindle e-book platform to fan fiction authors to sell some of their work. Fan fiction is literature inspired by popular books, shows, movies, comics, music, and games. Publication outside of blogs and online fanzines is often difficult because of copyright issues. Amazon Publishing has ...
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Central bank of China to push forward market oriented reforms
BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...
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IMF warns UK against continuing austerity programme
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
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Apple Loop Macs Made In Texas iOS 7 Goes Black And White Microsoft Mocks Siri
Washington , D.C. this week to address a bi-partisan Senate subcommittee that criticized the company for using tax loopholes and keeping the majority of its cash overseas to avoid paying billions of dollars in U.S. taxes. Sen. Carl Levin and Sen. John McCain had harsh words for Apple in their opening statements and in the report assembled by the committee's staff detailing why Cook and co. ...
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Billionaire under fire after suggesting motherhood destroys ambition
Paul Tudor Jones is one of the world's savviest investors, but the hedge fund billionaire and philanthropist is trying to explain comments about motherhood and high finance that are getting a lot of attention for all the wrong reasons. NBC's Andrea Mitchell ...
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Memorial Day shopping do’s and don’ts
memorial day you see big furniture sales at the office superstars. time of year people have more money because they got their tax refund and furniture is one of the things they tend to ...
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Girl Who Scolded McDonalds CEO Not Impressed
Hannah Robertson, 9, flew in with her mom from Kelowna, British Columbia, to attend McDonald's annual shareholder meeting Thursday in Oak Brook, Ill., the company's ...
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Fed Concerns Contribute To Lackluster Session On Wall Street - U.S. Commentary
There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses.The Dow Jones Industrial Average gained 8.6 points, or 0.06 percent, to close at ...
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Sony Microsoft or Nintendo Were In A Console Rut
week's Xbox One announcement . The "best" part of the hour long presentation was near the beginning, when it was demonstrated that the Xbox could flip seamlessly between television and the console with a simple voice or gesture command. The audience cheered as the screen flipped forward between a game and TV, and it did feel vaguely futuristic. But when you stop and think about ...
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BP Shell Statoil in U.S. Lawsuit Over Alleged Oil Manipulation -FT
LONDON – BP PLC (BP.LN), Royal Dutch Shell PLC (RDSA.LN) and Statoil ASA (STL.OS) have been named in the first lawsuit to be filed following a European Commission antitrust investigation into alleged manipulation of oil prices and benchmarks, the Financial Times in London reported Saturday, citing legal documents.The oil majors were named as defendants in a class action filed in New York ...
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Microsoft And Google Play For High Stakes over YouTube On Windows Phone
finally received Microsoft's YouTube client for their handset. Developed by Redmond, after Google declined to support their mobile platform, the client has already sparked a war of words (and legal letters) between the two tech companies. The saga of the WP YouTube client is far from over, but it highlights two important areas - Microsoft means business with Windows Phone, and YouTube is ...
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Proxy firms still powerful and free
From trouble with securities regulators, to a failed high-stakes attempt to shake upthe board at Wall Street giant JP Morgan Chase & Co. and a rising chorus of complaints they wield too much power -- shareholder proxy firms appear to be under attack. Are these revered investor warriors losing their power to influence boardrooms and critical votes such as takeovers? Advisory firms meekly ...
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Stephen Poloz ‘The smartest guy in the room’
Mr. Poloz, 57, has been president and CEO of credit agency Export Development Canada, based in Ottawa, since 2011. He joined EDC, a self-financing Crown corporation, in 1999 as vice-president and chief economist, and was promoted to senior vice-president and chief economist in 2004. Prior to EDC, he spent five years with Montreal-based Bank Credit Analyst Research, an independent global ...
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America’s HENRYs driving luxury goods boom
PARIS/NEW YORK -- Most men might balk at spending US$600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam and demand in Europe sags. "There is a cultural ...
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WWII Medals Back After Mistaken Donation
Memorial Day , a mystery that started with a surprise discovery by Goodwill in Missouri had a happy ending. A box of World War II medals, awards and other mementos was discovered by MERS/Missouri Goodwill earlier this week. Lewis Chartock, chief executive officer of MERS/Missouri Goodwill, said he believed the box was donated to Goodwill but was likely flagged by a processing person. ...
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How Credit Scores Predict Your Behavior
Credit scores, as with most attempts to make sense of our world, operate on the assumption that the near future will look a lot like the recent past, and that going forward, people can be expected to behave pretty much as they always have. That ...
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France begins withdrawing from Mali
France began the first stage of a withdrawal from Mali Saturday in what it says is a plan to pull out most of its troops and equipment by the end of the year. A convoy carrying unneeded equipment and vehicles left a French base outside the capital, Bamako, headed for Abidjan ...
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Why Jelly is good for small businesses
The Jelly support group for small businesses started when two freelances saw the benefits of teaming up with other home-workers. Photograph: Andrew ...
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Finfacts v Irish Status Quo Corporate tax and property bubble taboos
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
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In Tornados Wake Look For Insurance Rate Hikes
tornado in Moore, Okla., is fixing to expand its reach. While insurance companies don't try to raise rates solely on the basis of a single storm or disaster, a series of disasters can push them to seek higher rates where the events took place. The past five years have seen numerous significant tornadoes, and with the Moore tornado coming shortly after several other serious ones ...
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Danica Patrick From Race to Sponsorships
The Indy 500 runs on Sunday, and then there is the Coca-Cola 600 at the Charlotte Motor Speedway, where Nascar driver Danica Patrick will be racing. Patrick discusses how she prepares for a long ...
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Muni Strategy Buy High Sell Low
Municipal bonds face trouble ahead that one expert compares to lava flowing from a volcano--that will ooze into the fixed-income sector. The $3.4 trillion muni industry faces a multitude of threats, ranging from the high-profile financial problems of big cities to tax challenges resulting from Washington budget negotiations. Consequently, Marilyn Cohen, president of Envision Capital Management, ...
Amsterdam in Focus
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Amsterdam and the Clash of Civilisations: is this city on the frontline?
There is a polarising pattern of insult and violence going round and round in Europe, and Amsterdam seems to be one of the cities leading the continent down the spiral toward a culture of intolerance toward everyone who isn't European.
The Swedish cartoonist Lars Vilks is frequently in the media for his decisively controversial cartoons that seem to unremittingly try and provoke the Islamic communities across Europe. Just this week alone he was the target of two separate assassination plots that were to be carried out, interestingly, by two women who had converted to the religion he vilifies. Read more
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