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China blamed for most intellectual theft

Sat, 25 May 2013 20:04:55 -0400

Intellectual property theft is supposedly costing the United States more than US$300 billion each year. A study in the US has shown this is equivalent to all US exports to Asia. The 11-month study by a Congressional Commission found that software and other product theft was on an unprecedented scale. Commission co-chair Jon Huntsman, the former US ambassador to China, told reporters the ...

Venezuela vows to solve toilet paper problem

Sat, 25 May 2013 20:06:52 -0400

The Venezuelan government has vowed to end a toilet paper shortage in the country. With the commodity in high demand, Venezuela's National Assembly has said it will agree to the importation of 39 million rolls of toilet paper. Toothpaste and soap are also on the Venezuelan shopping list following a chronic shortage brought on by currency controls, which have restricted the landing of ...

Forbes magazine praises powerful women

Sat, 25 May 2013 20:08:18 -0400

Forbes has listed the world's most powerful woman for 2013 as Angela Merkel. She has become Forbes' number one for the 8th time. This year the list featured 8 heads of state, including the German Chancellor. Other women listed were two new billionaires to the list, women's clothing designer Tory Burch and Spanx's Sara Blakely, who both own their own companies. They were two of 24 ...

June 28 to see News Corp split into two companies

Fri, 24 May 2013 16:56:04 -0400

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 ...

Vatican Bank seen to be more controlled

Sat, 25 May 2013 20:03:01 -0400

The Vatican Bank has been the subject of a 10 page report from its newly formed financial watchdog agency. The report has revealed that there were some attempts last year to use the bank to launder money. In 2012 there were six suspicious transaction reports, two of which were passed on to Vatican prosecutors for investigation. Autorita Informazione Finanziaria, the watchdog, was created ...

High-end lake homes are now hot property

Sat, 25 May 2013 23:24:36 -0400

In Cass, St. Louis, Otter Tail and Aitkin counties -- the most active lake home markets in the state -- the average price has increased 3 to 5 percent since last spring, according to Trulia, a national real estate research and listings firm. But it's the high-end vacation home that is seeing the biggest increase in ...

Tim Cook gets the job done

Sat, 25 May 2013 23:21:59 -0400

to replace him as CEO has had many people questioning his judgment - that is, until last week. Although Jobs groomed Cook for years, Cook’s public persona often fell flat: His attempts at mimicking Jobs’ much-watched keynotes came off as one-notes.The fact that Apple stock has skidded 21 percent in the past year added to the perception that Cook might not be up to the job. That image ...

Use data plan more but pay carrier less

Sat, 25 May 2013 23:21:59 -0400

TECH CORNER Are you constantly going over the limit of your cellphone’s data plan and then having to pay for the overages? You might want to check out Onavo Extend, a mobile app that compresses your data, allowing you to do five times more with your phone on your current plan.The app takes data you receive from the Internet and compresses it in Onavo’s cloud-based service. That ...

Mr. Chairman who will take Fed’s place

Sat, 25 May 2013 23:21:58 -0400

Jonathon M. Trugman If not Fed chief Ben Bernanke, then who will provide the more than $1 trillion liquidity the global financial markets need to continue making record highs?The Fed giveth, but given last week’s testimony and minutes from the central bank and its leader, it could taketh it away.And as with the charge levied against JPMorgan CEO ...

Everybody’s streaming so where’s the money

Sat, 25 May 2013 23:21:58 -0400

The fat lady has yet to sing, and the competition to capitalize on the digital music-streaming industry is far from over, especially with the likes of Google and Apple joining the ranks in the wake of pioneers like Spotify’s Daniel Ek.The number of users and amount of revenue in the industry are on the rise. Music-industry source IFPI reports that global revenue from digital music for ...

Tescos supply chain shake-up to cut out middlemen

Sat, 25 May 2013 23:17:46 -0400

TESCO is undertaking a 'forensic' examination of its entire supply chain in the wake of horse-gate and will remove anyone in the chain who it does not believe is adding value. The retailer's technical manager Tim Smith said its supply chain was too often confused by middlemen.Mr Smith told a seminar organised by analysts Shore Capital in London: "If I cannot explain what value ...

Kasey Kahne of Enumclaw is eager to defend his Coca-Cola 600 title | Auto racing

Sat, 25 May 2013 23:16:36 -0400

CONCORD, N.C. — The Coca-Cola 600 is a long day that bleeds into a long night. Drivers can either fight that reality or embrace it. Count defending champion Kasey Kahne of Enumclaw as someone who loves the longest race of the NASCAR Sprint Cup Series season. "I've always really liked the longer races," Kahne said. "It gives you more time to work on your car, more time ...

General Mills rides snack boom

Sat, 25 May 2013 22:29:22 -0400

Green Giant is synonymous with vegetables, from broccoli to beans. But General Mills is expanding its venerable brand to the burgeoning "veggie chip" ...

Plymouth company helps hospitals get cash for old equipment

Sat, 25 May 2013 22:29:20 -0400

Peter Robson has built a thriving business based on his simple prescription for hospitals and clinics: “Only buy what you ...

Big ideas small office

Sat, 25 May 2013 22:29:19 -0400

The small operation still works with big clients such as Best Buy, Lowe's, Burger King, Macy's and Apple as well as smaller ones such as Nice Ride in Minneapolis. The firm recently attracted the attention of Fast Company magazine and biz whiz authors Dan and Chip Heath in their book "Decisive: How to Make Better Choices in Life and Work." Both were interested in Hughes' ...

Levin A template can lead to better decisions

Sat, 25 May 2013 22:29:18 -0400

We make decisions all the time. Do I move? Change jobs? Have kids? Eat out? Get my prerequisites at a junior college and transfer to a university to finish my degree? Get out of the market? Buy long-term care ...

Home remodeler Whole Builders has thrived in Minneapolis by offering thrift flexibility

Sat, 25 May 2013 22:29:17 -0400

Left to right, Leilani Hotaling and Kaaren Howe, both owners of Minnetonka Animal Hospital, and Marcia Bethke, Mary Jane Heinen and Keith Savaire of Whole Builders in the lobby of Minnetonka Animal Hospital last week. Whole Builders carried out the renovation of the animal hospital in ...

U.S.-South Korea trade deal produces weak first-year results

Sat, 25 May 2013 22:29:15 -0400

More than a year after it took effect, a highly touted trade deal with South Korea has failed to produce as expected for the United States. Exports are down, imports are up and the trade deficit with the Asian economic powerhouse has ...

Retirement could be bummer for many boomers

Sat, 25 May 2013 22:29:14 -0400

The Great Recession saw unemployment rates double and a housing bust that proved far stronger and lasted much longer than anyone had expected. Through it all, retirement savings plans took a major ...

Neurotech industry is putting its mind to video games

Sat, 25 May 2013 22:29:13 -0400

In the past decade, video games have helped push cutting-edge technologies such as sensor-based computing - Nintendo’s Wii - and gesture-based computing - Microsoft’s Kinect - into the mainstream. Neurotech boosters hope video games can do the same for their budding ...

Gadgets Plyr1 gaming headset

Sat, 25 May 2013 22:29:12 -0400

Like other headsets in this line, the Plyr1 (pronounced "player one") is designed for casual gamers. At $180, it's more expensive than rivals, but it does offer a few ...

Direct antibody injection boosts cancer therapy

Sat, 25 May 2013 21:29:49 -0400

William B. Coley , proposed in the 1890s that a substance in bacteria stimulated the immune system to attack cancer as well as infection. While Coley achieved some success in treating patients, he was opposed by close-minded ...

Google Boss Urges Reasonable Debate On Tax

Sat, 25 May 2013 21:15:19 -0400

The executive chairman of Google has said there should be a "reasonable debate" about how Britain taxes multinational companies and "we'll do whatever you guys decide". Eric Schmidt was speaking at a question-and-answer session at the Hay Festival where he calmly rebuffed criticism of the amount of tax paid by the internet search giant in the UK. Last week Mr ...

Former head of United Properties loved adventure family

Sat, 25 May 2013 20:20:24 -0400

Stensby, 73, the former president and CEO of Bloomington-based United Properties, died May 5 after a fall while hiking in California's Yosemite National ...

Lee Schafer Target Corp.s strategy is to extend the Target experience

Sat, 25 May 2013 20:20:22 -0400

Flip through the analysts' comments that followed Target's first-quarter earnings release last week, and it looks like Target is having a tough time fending off competitors coming from all ...

Sanimax plans to build biogas plant in South St. Paul

Sat, 25 May 2013 20:20:21 -0400

Dan Ostrenga, director of organic solutions for Sanimax, said the company is seeking financing, grants and permits for the project, and that construction could begin by the end of this year or early in 2014 He said the facility would charge a fee to accept waste from food processors, restaurants and other sources, and sell the methane as a replacement for natural gas. The electricity would be ...

Fracking energy revolution begins to rock the world

Sat, 25 May 2013 20:19:48 -0400

FILE - In this March 29, 2013 file photo, workers tend to a well head during a hydraulic fracturing operation at an Encana Oil & Gas (USA) Inc. gas well outside Rifle, in western Colorado. The Obama administration is proposing a rule that would require companies that drill for oil and natural gas on federal lands to publicly disclose chemicals used in hydraulic fracturing operations. The new ...

Vintage Apple 1 computer sold for $668000 at auction

Sat, 25 May 2013 20:17:13 -0400

BERLIN - An auctioneer says one of Apple's first computers - a functioning 1976 model - has been sold for a record 516,000 euros ($668,000).German auction house Breker said Saturday an Asian client, who asked not to be named, bought the so-called Apple 1, which the tech company's founders Steve Jobs and Steve Wozniak built in a family garage.Breker claims it is one of only six known ...

Herbalife suspends cult distributor

Sat, 25 May 2013 20:17:12 -0400

Herbalife - the controversial nutritional products company caught in a Wall Street tug-of-war - has suspended a distributor accused of running a cult-like operation in Israel. Tzachi Gozali, 46, has been accused of using humiliation, threats and sexual abuse to recruit an obedient group of followers who sell and use Herbalife’s diet protein shakes, according to a bombshell report.The ...

Abercrombie Fitch posts ugly sales stock drops 8

Sat, 25 May 2013 20:17:11 -0400

Abercrombie & Fitch’s svelte customers are also starved for clothing. The pricey teen retailer - whose CEO Mike Jeffries lately has come under fire for saying he doesn’t want fat people in his stores - posted an embarrassing quarterly sales drop that was made worse by kinks in its supply chain.Abercrombie’s sales at stores open at least a year, or same-store sales, a closely ...

John Rice vice chairman of General Electric talks global business

Sat, 25 May 2013 20:14:28 -0400

John Rice, vice chairman of General Electric Co., discusses the demands his business faces with $150 billion in revenue last year and more than 300,000 ...

Lamprell takes the heat off by meeting in Dubai

Sat, 25 May 2013 19:29:08 -0400

management , here is a public relations quandary. How does a London-listed company best stage an annual general meeting as shareholders reflect on a year in which (a) their investment has slumped by more than 60%; (b) the company has issued five (count 'em) profit warnings; and (c) one of those profit warnings came just a fortnight after two executives sold substantial stakes in the ...

Space the fiscal frontier government looks to the skies for rebalancing

Sat, 25 May 2013 19:29:07 -0400

Major Tim Peake will be the first Briton to go to the International Space Station, but the government has great hopes for the wider UK space industry. Photograph: Will Oliver/AFP/Getty ...

Boden tries foreigners for size as label goes for growth

Sat, 25 May 2013 19:29:05 -0400

fashion brand whose fans include David and Samantha Cameron. But now the label, known for its stripy T-shirts and sunny prints, is gearing up to challenge TopShop and Gap for international profile.It already has dedicated websites and catalogues in the US, Germany, France and Austria as well as the UK, and shoppers from more than 50 countries buy the brand through those channels. Over the next 12 ...

Mark Carney Canadas rock-star banker faces four bars to success

Sat, 25 May 2013 19:29:04 -0400

Few decisions in British economic policymaking have been so acclaimed in recent years as George Osborne's appointment of Canada's rock-star central ...

Why worrying about food miles is missing the point

Sat, 25 May 2013 19:29:03 -0400

Getting your lamb from New Zealand isn't hurting the planet and buying your potatoes from the other end of the country is fine. Jay Rayner says food miles are not the problem and, below, visits an ...

Corporate tax our mainstream parties all fawned over multinationals | the big issue

Sat, 25 May 2013 19:29:02 -0400

How our tax inspectors fell in love with tycoons ", Nick Cohen).Britain's mainstream parties pretend to differ on the taxation of multi-nationals yet were happy with Revenue & Customs cutting sweetheart deals. They also pretend to differ on the EU, yet are committed, as are many Eurosceptic Tory MPs, to the free movement of labour within an ever expanding, albeit looser, EU.This is ...

5-time Sprint Cup champ Jimmie Johnson seeking to make history at the Coca-Cola 600

Sat, 25 May 2013 19:20:53 -0400

Matt Kenseth looks on as crew members work on his car during practice for Sunday's NASCAR Sprint Cup series Coca-Cola 600 auto race at Charlotte Motor Speedway in Concord, N.C., Thursday, May 23, 2013. (AP Photo/Nell ...

Protesters to March Against Monsanto across US around globe in collective anti-GMO rally

Sat, 25 May 2013 18:39:25 -0400

FILE - This Aug. 31, 2011 file photo shows the Monsanto corporate logo at their exhibit booth during the Farm Progress Show, in Decatur, Ill. Marches and rallies against seed giant Monsanto are getting under way across the U.S. and in dozens of foreign countries Saturday, May 25, 2013. ';March Against Monsanto'; protesters say they want to call attention to the dangers posed by ...

Blackstone Notifies Cohens SAC It Intends to Pull Funds

Sat, 25 May 2013 17:20:12 -0400

May 25 (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.A pension consultant, in a May 21 letter to clients, said Blackstone has notified Cohen that it intends to "fully ...

Why PBR beer prices have increased

Sat, 25 May 2013 15:05:04 -0400

USA Contributor Regina Lewis breaks down the week's "3 Big Money Headlines" with MSNBC's Alex Witt. She explains why fewer people are hitting the road this Memorial Day weekend. Lewis reports the good news from the housing market and the importance of smart inventory. She reveals why the prices of Pabst Blue Ribbon ...

Migrant jobs squeeze alarms UK fruit farmers

Sat, 25 May 2013 14:27:41 -0400

The rise of Ukip is having unexpected consequences for Britain's countryside. Farmers fear that the political upstart's success has the government running scared on immigration, with the result that foreign workers could soon be absent from Britain's fields."We can see there's a toxic mix brewing," says Alastair Brooks, who employs 200 temporary foreign workers to ...

Microsoft Reveals The Xbox One

Sat, 25 May 2013 14:27:19 -0400

Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...

WPP Wins Crucial Backing Over Pay Reforms

Sat, 25 May 2013 14:18:45 -0400

WPP, the world's biggest marketing services group, is poised to escape a repeat of last year's shareholder revolt despite paying its chief executive more than 17m in 2012. Sky News understands that two key shareholder advisory bodies have decided not to oppose WPP's remuneration report ahead of the company's annual meeting on June 12. Their decisions follow a sharp ...

Microsoft cleared of Xbox patent violation Saudi Press Agency

Sat, 25 May 2013 13:40:21 -0400

(Saudi Press Agency (Saudi Arabia) Via Acquire Media NewsEdge) San Francisco, Rajab 14, 1434, May 24, 2013, SPA -- Days after it unveiled the newest version of its Xbox gaming system, Microsoft has been cleared of violating a wireless patent in current versions of the popular console. Motorola ...

Recovery Return of the Opportunity Entrepreneur

Sat, 25 May 2013 13:40:12 -0400

small businesses . It was a bittersweet accomplishment for many new moms and pops, who became known as necessity entrepreneurs. Now five years later as the recovery gains traction, new data shows the tables have turned. Instead of necessity-driven new businesses, more U.S. entrepreneurs are launching ventures based on perceived opportunities, growth ambitions and a broad optimistic outlook--a ...

Walt Disney One man and his mouse... and how they blighted our world

Sat, 25 May 2013 13:32:20 -0400

If you wanted to nominate the most influential Americans of the 20th century, you could begin with politicians and artists. But those choices misunderstand the country and the way it regards desire, and irrational desire, as human rights. Americans call that the pursuit of happiness. And feeling good about yourself depends on services, facilities, panaceas, and shopping. So you'd have to ...

Video Rent your car while youre out of town

Sat, 25 May 2013 13:25:20 -0400

The premise of a startup in northern California is to put your car to work, while you take a vacation. Travelers can leave their cars at the airport and visitors then can rent them for a minimal daily rate. "Flightcar" doesn't promise a payout, but if you leave your car you don't have to pay for parking. Julie Watts ...

Video Money can buy happiness if spent properly

Sat, 25 May 2013 13:25:19 -0400

Can money buy happiness? Anthony Mason speaks with Harvard Business School associate professor and author of "Happy Money" Michael Norton about how certain spending can bring ...

Automaker Tesla takes fight to North Carolina mulls what could be tough national battle

Sat, 25 May 2013 12:46:05 -0400

RALEIGH, N.C. - Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling directly to consumers online. It's the latest such battle for California-based Tesla, which like other car manufacturers must navigate a patchwork of state ...

Microsoft knuckles under yanks YouTube app for Windows Phone

Sat, 25 May 2013 12:37:05 -0400

Computerworld - Microsoft has bowed to pressure from Google and pulled the YouTube app from its Windows Phone Store that earlier this month triggered a cease-and-desist letter from the search giant. The two companies will instead collaborate on a YouTube app that abides by the Google-owned video site's terms of service. "Microsoft and YouTube are working together to update the new ...

States With The Most Americans On Disability 247 Wall St.

Sat, 25 May 2013 12:23:50 -0400

The number of Americans receiving Social Security Disability Insurance (SSDI) more-than doubled over the past two decades, from 5.2 million to 11.7 million by the end of ...

Blackstone notifies Cohens SAC it intends to pull money pension consultant

Sat, 25 May 2013 12:23:09 -0400

Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, listens to a question during a one-on-one interview session at the SkyBridge Alternatives (SALT) Conference in Las Vegas, Nevada May 11, ...

Video The economy and summer travel

Sat, 25 May 2013 12:21:48 -0400

With many Americans planning a summer vacation, how they travel says a lot about the U.S. economy. USA Today national business travel correspondent Charisse Jones discusses the recovery and the kick-off of the summer travel ...

Apple Loop Macs Made In Texas iOS 7 Goes Black And White Microsoft Mocks Siri

Sat, 25 May 2013 11:38:41 -0400

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. ...

Billionaire under fire after suggesting motherhood destroys ambition

Sat, 25 May 2013 11:31:46 -0400

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 ...

Memorial Day shopping do’s and don’ts

Sat, 25 May 2013 11:31:46 -0400

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 ...

Girl Who Scolded McDonalds CEO Not Impressed

Sat, 25 May 2013 11:19:21 -0400

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 ...

Fed Concerns Contribute To Lackluster Session On Wall Street - U.S. Commentary

Sat, 25 May 2013 10:45:16 -0400

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 ...

Sony Microsoft or Nintendo Were In A Console Rut

Sat, 25 May 2013 10:39:31 -0400

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 ...

BP Shell Statoil in U.S. Lawsuit Over Alleged Oil Manipulation -FT

Sat, 25 May 2013 09:23:23 -0400

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 by ...

Proxy firms still powerful and free

Sat, 25 May 2013 08:19:56 -0400

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 ...

Stephen Poloz ‘The smartest guy in the room’

Sat, 25 May 2013 08:19:55 -0400

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 ...

America’s HENRYs driving luxury goods boom

Sat, 25 May 2013 08:19:55 -0400

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 ...

WWII Medals Back After Mistaken Donation

Sat, 25 May 2013 08:17:07 -0400

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. Ron ...

How Credit Scores Predict Your Behavior

Sat, 25 May 2013 08:16:59 -0400

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 ...

France begins withdrawing from Mali

Sat, 25 May 2013 08:12:26 -0400

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 ...

Why Jelly is good for small businesses

Sat, 25 May 2013 07:32:20 -0400

The Jelly support group for small businesses started when two freelances saw the benefits of teaming up with other home-workers. Photograph: Andrew ...

Finfacts v Irish Status Quo Corporate tax and property bubble taboos

Sat, 25 May 2013 07:31:39 -0400

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 ...

In Tornados Wake Look For Insurance Rate Hikes

Sat, 25 May 2013 07:29:32 -0400

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 ...

Danica Patrick From Race to Sponsorships

Sat, 25 May 2013 07:29:31 -0400

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 ...

Muni Strategy Buy High Sell Low

Sat, 25 May 2013 07:29:31 -0400

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, ...

Airline Stocks Taking Flight

Sat, 25 May 2013 07:24:35 -0400

Everyone is hitting the roads ahead of Memorial Day weekend. CNBC's Phil LeBeau reports on Delta's new terminal at JFK, and the airline index is up more than 50 percent this ...

Mayer on Potential Yahoo Acquisitions

Sat, 25 May 2013 07:24:31 -0400

Yahoo! CEO Marissa Mayer addresses whether the company has any immediate plans to acquire other companies. This interview originally aired May 21, 2013, on "Squawk on the ...

The Week That Was Dimons Good Week

Sat, 25 May 2013 07:24:30 -0400

CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Bernanke's comments concerned investors. There was good housing news and Apple's Tim Cook faced the Senate's music. Also, Jamie Dimon held on to his dual ...

Sprint Deal a Matter of National Security

Sat, 25 May 2013 07:24:26 -0400

New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs ...

Do Babies Destroy a Womans Ambition

Sat, 25 May 2013 07:24:24 -0400

Hedge fund billionaire Paul Tudor Jones made a comment in regards to female traders losing ambition after having children. Say What? Karen Finerman, Metropolitan Capital and CNBC's Michelle Caruso-Cabrera, share their ...

Summer Investing Advice From the Pros

Sat, 25 May 2013 07:24:23 -0400

David Darst, Morgan Stanley Wealth Management and Jeff Kleintop, LPL Financial, discuss market opportunities to help kick off your summer investing. "Buy some health care, and get some energy into the portfolio," says ...

Solutions to Bridge Road Woes

Sat, 25 May 2013 07:24:19 -0400

Thursday's collapse of a bridge in Washington has brought more attention to other bridges and roads that are in dire need of repair. David Doll, Sequent Asset Management, and Adam Babson, Russell Global Infrastructure, discuss what opportunities exist ...

Beef Prices Concern Traders

Sat, 25 May 2013 07:24:17 -0400

Beef demand is up, and supplies are down, reports CNBC's Jane Wells. One California rancher Bud Sloan is having to buy feed because of the drought, and has cut his herd nearly in ...

IRS Scandal The Political Fallout

Sat, 25 May 2013 07:24:11 -0400

Discussing the politics surrounding the IRS Scandal, with Noelle Nikpour, author of "Branding America"; Mark Levine, Democratic Policy analyst; Robert Costa, National Review; and Scott Rasmussen, Rasmussen ...

Lois Lerner Taking the 5th or Not

Sat, 25 May 2013 07:24:07 -0400

Discussing what's next for IRS official Lois Lerner, and whether it's time for an IRS special counsel, with Tom Curran, Peckar & Abramson and John Eastman, Chapman ...

Vogue of the speedway How motorsports improve what we drive

Sat, 25 May 2013 07:24:03 -0400

The rally car has allowed carmakers to conduct endurance testing on everything from engines to breaks. When the field lines up on the Indianapolis Motor Speedway track this weekend, they'll begin with a pace lap behind a 2014 Chevrolet Corvette Stingray driven by San Francisco 49ers coach Jim Harbaugh.Although Harbaugh might be more used to a gridiron than starting grid, he should feel at ...

Oddie Confronts HSBC Over Forest Desecration

Sat, 25 May 2013 07:21:52 -0400

Bill Oddie has accused HSBC of funding the desecration of forests in a passionate speech at the bank's annual general meeting in London. The naturalist used his position as shareholder to challenge the bank’s bosses over its links with firms operating in Borneo and Malaysia. Oddie, 71, who won fame in The Goodies, backs campaigners who say that HSBC is funding the destruction of ...

Photos A-Rod Sells Home for $30 Million

Sat, 25 May 2013 06:43:22 -0400

The New York Yankees third baseman sold his home in Miami Beach on Friday morning, according to ESPN.com reported. The home sold for $30 million and is one of the highest purchase prices for a home in Miami. It was previously listed for $38 million. A nearby home in a private island in Miami-Dade County sold for a record-breaking $47 million in Aug. ...

Video NYC tech tour Foursquare BuzzFeed MakerBot

Sat, 25 May 2013 06:21:14 -0400

Telescopes from NASA's Solar Dynamics Observatory captured video of two large solar flares erupting off of the sun, one of which was the largest of the ...

American Rights At Work Formal Complaint for FEC Investigation of Wal-Marts Unlawful Federal Election Activity

Sat, 25 May 2013 04:33:48 -0400

Formal Complaint for FEC Investigation of Wal-Mart's Unlawful Federal Election Activity WASHINGTON - August 14 - Today American Rights at Work, the AFL-CIO, Change to Win, and WakeUpWalmart.com will hand ...

India Resource Center Coca-Cola Plant Shut Down in India

Sat, 25 May 2013 04:33:47 -0400

Chinta Dewi, Coca-Cola Bhagao, Krishi Bachao Sangharsh Samiti +91 94507 79325 (Hindi) Nandlal Master, Lok Samiti +91 94153 00520 (Hindi) Amit Srivastava, India Resource Center +91 98103 46161 (India) +1 415 336 7584 ...

WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation

Sat, 25 May 2013 04:33:47 -0400

WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation WASHINGTON - August 14 - WakeUpWalMart.com today, along with American Rights at Work, Change to Win, and the American Federation of Labor and Congress of Industrial Organizations, jointly filed an official complaint with the Federal Election Commission. The groups filed the complaint of ...

Microsoft office goes cloud to join cloud war with Google Docs

Sat, 25 May 2013 04:29:21 -0400

The war on cloud intensified as Microsoft Office announced its decision on Tuesday to go cloud in an attempt to compete with its immediate but not last competitor, Google Docs.Microsoft holds a virtual monopoly on office productivity software. Most computer users in the world use the Office software for word processing, spreadsheet, presentation and other purposes. However, Microsoft Office faces ...

Wall Street betting on last-minute debt deal

Sat, 25 May 2013 03:17:48 -0400

With no political deal in Washington on raising the U.S. debt limit just days before a crucial deadline, investors are increasingly worried about a downgrade of the country's top-notch credit rating, or even an actual governmnent debt default. The U.S. Treasury Department has said the Congress must act before Aug.2 to avoid a catostropic default. With the dealine drawing close fast,political ...

Doomsayers warn of approaching bear market

Sat, 25 May 2013 02:45:52 -0400

As share prices soared across the globe this week - before crashing down in Tokyo - one group of doomsayers consistently stuck to their message: the market boom is on shallow foundations and the crash will be worse than ever.Albert Edwards, Britain's most persistent "Dr Doom" - and one closely connected to the heart of the financial system through his job as strategist at ...

How to buy and sell shares … come boom or doom

Sat, 25 May 2013 02:45:50 -0400

stock markets recently hit levels not seen since the dotcom boom of 2000, then tumbled after a dramatic sell-off in Tokyo. What should investors do? Pick up some bargains marked down in the sell-off? Or junk ...

Car insurance one bump and your old car could be on the scrapheap

Sat, 25 May 2013 02:45:48 -0400

car insurance following a minor bump. The warning comes after one London motorist had her vehicle written off following the smallest of accidents, in which just the side light on her ageing Toyota was broken.Lesley Hall, who lives in London, was told by her insurer, Cova, that it would send her a cheque for just 40 for her perfectly usable and very reliable L-registration Corolla, after an ...

Downtown East in Minneapolis poised for second chance

Fri, 24 May 2013 23:32:47 -0400

The $400 million project and the $975 million stadium now in the works have created a buzz that maybe -- finally -- Downtown East will attract residential development that could help transform the area in a way that the Metrodome never did more than 30 years after its ...

China sees wider role for private business

Fri, 24 May 2013 23:32:46 -0400

Chinese Prime Minister Li Keqiang reacts at the end of a press conference after the signing ceremony of several agreements between Switzerland and China, in Kehrsatz near Bern, Switzerland, Friday, May 24, 2013. Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation ? the first comprehensive agreement his country has reached with a major western economy. Li ...

St. John’s sells NYC campus

Fri, 24 May 2013 23:29:55 -0400

St. John’s University agreed to sell its lower Manhattan campus to a group including developer Steven Witkoff and property investor Fisher Brothers, which plan to build condominiums there. Selling the property at 101 Murray St. will give the university a "major infusion of capital," President Donald Harrington said yesterday. Proceeds will be used for student financial aid, ...

Kid gloves for hedgie

Fri, 24 May 2013 23:29:55 -0400

Women working in the hedge-fund world know how hard it is for them to get ahead.That could explain why so few of them were willing to speak out against hedge fund legend Paul Tudor Jones, whose recent comments that having babies turns women into lousy traders kicked off a storm of controversy on Thursday. Hedgie women sprang to the defense of Jones, 58, who founded Tudor Investment Corp. in 1980, ...

News Corp. bd. OKs split

Fri, 24 May 2013 23:29:55 -0400

News Corp. said its board approved a plan to split the company’s entertainment and publishing assets into separate companies. The company expects to complete the split by June 28. The board also authorized a $500 million stock-repurchase program for the new publishing company, which will retain the News Corp. name. News Corp. owns The Post. The company said it would book a pretax charge of ...

No InterOil delivery could burn Paulson

Fri, 24 May 2013 23:29:54 -0400

While he’s still licking his wounds from the Sino-Forest scandal, hedge-fund titan John Paulson has waded into another controversial stock. The founder of $18 billion Paulson & Co. scooped up 1.87 million shares of InterOil Corp. in the first quarter, making him the company’s eighth-largest shareholder, with a stake worth roughly $160 million. InterOil has been touting its access ...

$20M pay won’t fly

Fri, 24 May 2013 23:29:54 -0400

The US is opposing American Airlines’ proposal for $20 million severance pay to CEO Tom Horton as part of its merger with US Airways Group. It violates bankruptcy law, the Justice Dept. said yesterday in a New York court ...

Yahoo joins the $1B hunt for Hulu

Fri, 24 May 2013 23:29:54 -0400

Yahoo! has jumped into the bidding for Web video destination Hulu, The Post has learned. Sources close to the process say the bid from Yahoo!, along with offers from a handful of other suitors, value Hulu at upward of a billion dollars. If Yahoo prevails, it would be CEO Marissa Mayer’s second $1 billion deal inside a month. The company just acquired micro-blogging service Tumblr for $1.1 ...

US stocks remain weak on track for weekly loss

Fri, 24 May 2013 23:25:04 -0400

US stocks remained weak in midday trading on Friday, extending losses for the third straight day despite better-than-expected US durable goods data for April.The three major indices are on track for its first weekly decline after four weeks of gains.In the previous trading day, the major stock indices closed lower for a second consecutive day following a dramatic slump in the Japanese stock ...

Working Americans turn down pay raise to avoid ‘cliff effect’

Fri, 24 May 2013 23:17:24 -0400

NBC News' Lester Holt investigates a double bind for a growing number of Americans. Some hard-working people are grappling with an economic "cliff effect" where a pay raise can actually make them worse off while also costing taxpayers at the same ...

Key Government Projects At Risk Of Failure

Fri, 24 May 2013 23:15:01 -0400

Dozens of major Government projects including the High Speed 2 rail line, Universal Credit welfare reform and the rollout of high-speed broadband are at serious risk of failure, Whitehall documents reveal. There are 23 schemes which have had amber/red warning flags raised against them in the report, meaning successful delivery of the project is in doubt and urgent action needs to be taken to ...

YouTube Users Turning Clicks Into Cash

Fri, 24 May 2013 23:15:01 -0400

Not long ago, a Top 10 hit on iTunes wouldn't have been possible without the backing of a major record company, but social media has changed the rules. Lanzarote-based Irish singer-songwriter Rory Gallagher embraced this change and made it to number one in the charts after one of his songs was leaked online. Jimmy's Winning Matches became an overnight viral sensation on YouTube, ...

Chinese premier criticizes EU move on trade measures

Fri, 24 May 2013 23:10:48 -0400

Chinese Premier Li Keqiang speaks during a joint news conference with Pakistan's President Asif Ali Zardari (not in picture) at President House in Islamabad May 22, ...

Minnesota farmers recover from late planting start

Fri, 24 May 2013 22:25:58 -0400

Despite a winter that never seemed to end, Minnesota farmers are going into Memorial Day weekend with a good percentage of their crop planted -- a better outcome than feared a month ...

Target other retailers sue credit card firms

Fri, 24 May 2013 22:25:57 -0400

NEW YORK - Target Corp., Macy's Inc. and 15 other retailers sued Visa Inc. and MasterCard Inc. over credit card and debit card fees after dropping out of a multibillion-dollar settlement of a similar case. The biggest U.S. payment card firms illegally restrained competition for interchange fees by setting default rates and imposing almost identical rules for accepting cards, the retailers ...

Insurers submit plans for Minnesota health care exchange

Fri, 24 May 2013 22:25:56 -0400

Consumers buying health care coverage this fall on Minnesota's new insurance exchange likely will have more choices than are currently available, bringing a spark of competition as health reform rolls out in the months ...

Wall Street snaps four-week winning streak

Fri, 24 May 2013 22:15:29 -0400

U.S. stocks were traded almost flat Friday to end the week lower, snapping a four-week gaining streak amid worries that the Federal Reserve may reduce its stimulus program in ...

Lobbying in American-US Airways deal focuses on small cities

Fri, 24 May 2013 22:03:40 -0400

AAMRQ.PK ), seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told ...

As grocers restaurants bicker many U.S. menus still lack calorie counts

Fri, 24 May 2013 21:17:38 -0400

The Food and Drug Administration hopes to have the regulations in place later this year. Restaurants would likely have six months from then to ...

Stalking the wildly cute koala

Fri, 24 May 2013 21:17:11 -0400

Opening just in time for Memorial Day weekend, the San Diego Zoo's new Conrad Prebys Australian Outback exhibit has twice as much space as the old koala exhibit, with room for bulldozing wombats, cackling kookaburra and snoozy wallabies. Not to mention more koalas and many more places to watch them do what koalas ...

Slacker Internet radio picks up the pace

Fri, 24 May 2013 21:17:11 -0400

Internet radio outfit Slacker detected a touch of gray in its service last year. The retro/biker dashboard player for Web and mobile listeners essentially had gone unchanged since the San Diego company was founded in ...

Market Snapshot Bears cite performance chasing as stocks rise

Fri, 24 May 2013 21:13:03 -0400

"My experience is when managers are overly focused on performance on a near-term basis, and worried they're missing out, it means they're buying stocks for the wrong reasons," said Brian Belski, chief investment strategist at BMO Capital ...

Source Xbox Ones Heart-Sensing Tech Not Microsofts Idea

Fri, 24 May 2013 21:09:30 -0400

has baked into the forthcoming Xbox One is the new Kinect sensor's ability to read your heart rate, which it does optically using a system similar to (or even based ...

Scorecard Hows Bill Ackman Doing

Fri, 24 May 2013 21:07:11 -0400

(Around the time the consumer products giant announced that Mr. McDonald would retire, Mr. Ackman was speaking with a class of University of Chicago business school students, with his phone off. When he turned it back on, his voice mail in-box was overflowing with ...

Visa and MasterCard Seek Fee Approval

Fri, 24 May 2013 21:07:11 -0400

MasterCard , opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. The lawsuit seeks to give the card companies legal ammunition against some retailers who are trying to opt out a proposed settlement under which they would receive a share of $7.2 billion in cash and fee ...

News Corp to take charge of up to $1.4 billion this quarter

Fri, 24 May 2013 20:11:32 -0400

said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion (925.4 million pounds), as the company prepares to split its business between its newspaper and entertainment operations.The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows ...

After San Onofre ruling nuke-safety group presses advantage

Fri, 24 May 2013 20:09:00 -0400

Spurred on by a ruling on the significance of safety problems at the San Onofre Nuclear Generating Station, the international environmental group Friends of the Earth has redoubled efforts to establish trial-like public hearings on a proposal to restart the power ...

Coast Highway improvements nearly complete

Fri, 24 May 2013 20:08:58 -0400

A nearly yearlong overhaul of Coast Highway 101 in Solana Beach is heading down the home stretch, and local merchants -- at least those who survived a drastic drop in business during the construction -- couldn't be ...

Why Democrats Cant be Trusted to Control Wall Street

Fri, 24 May 2013 20:07:18 -0400

Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown. According to ...

Top Ten MarketWatch’s top 10 stories May 20-24

Fri, 24 May 2013 20:05:18 -0400

-2.61% shares soared after the company reported financial results that outpaced analyst expectations, but those analysts warned that the "turnaround" tale at the high-tech giant may not have a happy ...

Jersey Shore Ready for Summer After Sandy

Fri, 24 May 2013 19:59:44 -0400

Almost seven months after being devastated by super storm Sandy, the Jersey Shore is looking to rebound as the summer season gets underway this Memorial Day weekend, reports CNBC's Kayla ...

Microsoft still stamping out used games fire

Fri, 24 May 2013 19:57:58 -0400

Xbox reveal , though the company did not unveil every bit of information that customers were waiting for. For instance, we still do not know pricing or release date. However, the biggest urbanlegend in circulation -- that of used games -- is under attack from the console maker. On the day of the big reveal, Larry Hrybtook to his blog to assure users "While there have been many potential ...

Wall Street Week Ahead Investors look for signs in the rallys break

Fri, 24 May 2013 19:47:43 -0400

NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward ...

Ex-Virginia bank executives guilty in financial crisis case

Fri, 24 May 2013 19:47:42 -0400

(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday on bank fraud conspiracy and other charges for concealing loan losses in a scheme that contributed to he bank's 2011 ...

Visa MasterCard Strike Back at Swipe-Fee Settlement Foes

Fri, 24 May 2013 19:44:35 -0400

Visa Inc. (V) and MasterCard Inc. (MA) are firing back at retail trade groups trying to derail a pending $7.25 billion settlement over so-called merchant swipe fees.The world's largest payment networks asked a federal judge Friday to rule that their practices for setting fees paid by merchants that accept credit and debit cards aren't anticompetitive, which could limit the type of ...

MARKET SNAPSHOT U.S. Stocks Break Four-week Winning Streak

Fri, 24 May 2013 19:44:34 -0400

NEW YORK – U.S. stocks fell for the first week in five as the prospects of the Federal Reserve starting to reduce its bond-buying stimulus rattled a market trading at historic highs.Friday's losses, however, were mild as investors found some support from a stronger-than-forecast report on demand for big-ticket purchases and after the prior session's improvement in jobless ...

Argentinas Stocks End Lower Blue Dollar Strengthens

Fri, 24 May 2013 19:44:34 -0400

Argentine stocks fared poorly Friday in light trading while the black-market dollar continued to strengthen on media reports that banks will further restrict the ability of customers to withdraw cash while overseas.The Merval index fell 1.34% to 3,509.72 in volume totaling ARS31.3 million ($5.9 million).The power company Pampa Energia SA (PAM, PAMP.BA) led the declines, sliding 3.4% to ARS1.14. ...

ACC leads good economic news at National party convention

Fri, 24 May 2013 19:24:28 -0400

The Accident Compensation Corporation's Earners and Work Accounts are now fully funded ACC Minister Judith Collins has told National Party members at their Northern Regional Conference today. Ms Collins' gave party members the "very good news" shortly after Associate Finance Minister Jonathan Coleman gave an opening speech exhorting them to explain to the public how last week's Budget ...

Wal-Mart turns to green dots to ensure stores stay stocked

Fri, 24 May 2013 19:03:19 -0400

Wal-Mart Stores Inc. is seeking to address its stocking problem by linking it to executive pay while developing a green-dot program to let workers know which items to focus on.The retail giant, which has reduced the number of workers at its stores, has struggled recently to keep shelves fully stocked. That, in turn, has hurt sales and driven away frustrated shoppers -- a black eye for a company ...

Shareholders are flexing muscles over issue of high executive pay packages

Fri, 24 May 2013 19:02:42 -0400

A consultant advised shareholders to vote “no” this year on Coca-Cola CEO Muhtar Kent’s $30.5 million pay package. The company responded with a plan to cap bonus awards if stock returns are ...

Top UCSD center named Qualcomm Institute

Fri, 24 May 2013 19:02:14 -0400

A University of California San Diego institute that's emerged as a leader in finding better ways for people to communicate, stay healthy and protect the environment was named Friday after its largest benefactor, chipmaker ...

Stocks to Watch Stocks to watch Tiffany United Natural Foods

Fri, 24 May 2013 18:58:55 -0400

SAN FRANCISCO (MarketWatch) -- Tiffany & Co. and United Natural Foods will be among the stocks to watch Tuesday after the three-day holiday ...

Should You Pay Someone to Manage Your 401

Fri, 24 May 2013 18:53:02 -0400

Fidelity says the average 401(k) balance topped $80,000 for the first time in Q1, reports CNBC's Sharon Epperson. Niall Gannon, The Gannon Group, and Patricia Powell, Powell Financial Group, ...

Visa Mastercard ask U.S. court to declare card fees are lawful

Fri, 24 May 2013 18:40:41 -0400

An employee stands behind a MasterCard logo during the launch of the international credit card issuer's first ATM transaction in Myanmar, in Yangon November 15, ...

Man at centre of SNC-Lavalin fraud allegations was key hire by company

Fri, 24 May 2013 18:36:35 -0400

MONTREAL - When SNC-Lavalin Group Inc. chief executive Jacques Lamarre met a hot-shot engineer named Sami Bebawi for dinner in mid-1998, he was looking for someone who could help turn around the company’s money-losing construction unit after years of ...

Take A Secret Look Inside The Cocoon As A Caterpillar Transforms To A Butterfly

Fri, 24 May 2013 18:36:34 -0400

0 The transformation of a lowly caterpillar into a graceful butterfly is the kind of shocking fact of nature that's used to get children excited about science, so visible is the transformation, so tangible are the lessons. But what's actually going on inside the cocoon? Typically, scientists have had to dissect them to find out, killing the organism inside as a result, a casualty of ...