Latest Breaking Business News
RSS-
Forbes Earnings Preview Ship Finance International Limited
announcement of its first quarter earnings on Thursday, May 23, 2013, analysts have become more bullish as expectations have improved over the past month from 28 cents per share to the current projection of earnings of 30 cents per share. Current Wall Street estimates reflect a 33.3% decline from the year-ago quarter, when the company reported earnings of 45 cents per share. The consensus ...
-
Bernankes Figure Eight on Ending QE
If it sounds like Federal Reserve Chairman Ben Bernanke is dancing in his testimony, it's because he is doing rhetorical figure eights in trying to signal where the Fed is going. Here are the cones he is attempting to skate ...
-
Homes Selling at Fastest Pace Since Boom
Strong demand and still limited supply mean homes are now selling nearly three times as fast as they normally would. The average number of days a listing stayed on the market in April was 46, down from 62 in March, and down from the normal pace of 90-120 days, according to the National Association of Realtors. "I have a seller, his house came on, he got a full price offer, and he refused to ...
More Breaking Business News
RSS-
Pisani Traders Overreact to Bernanke
Federal Reserve Chairman Ben Bernanke's comments. Mr. Bernanke, in his Q and A, essentially reiterated what New York Fed President William Dudley said yesterday: that any change in the flow of bond purchases will depend on the incoming data. A question about whether the Fed might reduce bond purchases before Labor Day elicited the same reply: the Fed could reduce bond purchases in the next ...
-
Lutz Sees Stripped Down Fisker as Potential Gem
General Motors , who now plays a leaders a leadership role with VL Automotive, is teaming up with Wanxiang Group, a Chinese auto parts supplier, in a bid to buy the ailing Fisker. CNBC has been unable to reach Lutz for a comment on the bid, but sources confirm the VL Automotive/Wainxing bid is one of three offers to buy Fisker. No other details have been revealed about how much Lutz and his ...
-
Bill Targets Rental Car Companies
By law, a car dealer cannot sell you a vehicle that's under a safety recall until it's been repaired. But a company can rent you that vehicle or give it to you as a loaner. "This doesn't make any sense," said Rosemary Shahan, president of Consumers for Auto Reliability and Safety, who has been pushing Congress to close the rental car loophole. "There's a weird ...
-
Clearwire Board Say Yes to Sprint
Sprint upped its bid by 14 percent to $2.5 billion Tuesday for the wireless data network operator. Some shareholders have opposed the deal, including Crest ...
-
Staying Charged When Disaster Strikes
When disaster strikes, communication can be a lifeline. That's made phone chargers a new addition to the emergency preparedness kit. Even disaster relief organizations are taking note. Linda Auck, a volunteer with the American Red Cross, was at the CTIA wireless show in Las Vegas this week with the organization's new prototype emergency response ...
-
Microsoft releases a new training brochure for Windows 8
Download Center . Unlike the video, the 36-page PDF guide is definitely new (there's a screenshot from April 2013) and will prove a godsend for anyone struggling to get to grips with Windows 8 or Surface. Each of the multi-colored pages clearly and concisely explains how to use a particular element of the operating system, with the aid of large, friendly ...
-
Spain banks may need to raise money to meet provisions Rajoy
BRUSSELS (Reuters) - Spain's Prime Minister Mariano Rajoy on Wednesday said the country's banks may have to raise capital on the financial markets to meet higher provisioning ...
-
Vatican financial body investigating possible money laundering
1 of 4. Rene Bruelhart, director of the Vatican's Financial Information Authority (FIA), leaves at the end of a news conference at the Vatican May 22, ...
-
Exclusive Carrefour to divest 25 pct stake in Middle East venture - sources
CARR.PA ), Europe's largest retailer, is in advanced talks to divest its remaining 25-percent stake in its Middle Eastern joint venture to local partner Majid Al Futtaim (MAF), two sources familiar with the matter ...
-
Analysis As economy strengthens a bonds sell-off may beckon
NEW YORK (Reuters) - The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended ...
-
Fiat Industrial says 500 million euro tax loss reports false
FIA.MI ) said reports that Italy would lose more than 500 million euros in tax receipts as a result of its moving fiscal domicile to the UK after a merger with unit CNH ...
-
Target earnings disappoint retailer cuts full-year forecast
Target Corp. , like many other retail rivals, was laid low in its first fiscal quarter by cold spring temperatures that discouraged seasonal shopping and caused the chain to underperform by even its own ...
-
Societe Generale Starts Dismissal Process of Russian Unit Rosbank CEO
French bank Societe Generale SA (GLE.FR) said Wednesday that it has initiated the dismissal process of Vladimir Golubkov, chief executive officer of its Russian unit Rosbank, a week after he became the target of a probe into alleged bribery in the country.Societe Generale said that Rosbank is now operating under the management of acting CEO Igor Antonov with the supervision of Didier Hauguel, ...
-
CEO of Puerto Ricos Popular Declares IOC Presidency
Popular Inc. (BPOP) Chairman and Chief Executive Richard Carrion wants to make his pastime a full-time job, declaring on Wednesday his candidacy to become president of the International Olympic Committee.If elected in September, Mr. Carrion, 60 years old, would step down as CEO of Puerto Rico's largest bank by assets and deposits, but remain its chairman.The decision is setting off a search ...
-
Barrick Gold may shed mines to boost profits
Barrick Gold Corp., the biggest miner of the metal by sales, is considering shrinking in size as the company focuses on returns over production volumes, Chief Executive Officer Jamie Sokalsky said. "Being more profitable is better than being bigger," Sokalsky said yesterday at the Bloomberg Canada Economic Summit in Toronto. "If we divested of some of those smaller, higher-cost ...
-
Debt financing by pension funds a steadily growing business
One day after OPB Finance Trust raised $250-million of nine year debt at 2.90%, more information has emerged about the borrowings by some of the country's leading public sector pension funds. For instance: -- According to DBRS, the total debt outstanding for OMERS is about $4.43-billion. That debt has been issued by three different entities: OMERS Realty Corp., OMERS Realty CTT Holding and ...
-
U.S. home sales tick up to highest in 3 12 years
WASHINGTON Sales of previously occupied U.S. homes ticked up last month to the highest level in 3 1/2 years, helped by a jump in the number of houses for sale. The National Association of Realtors said Wednesday that sales rose to a seasonally adjusted annual rate of 4.97 million, up from 4.94 million in ...
-
Microsofts Xbox One Is Its Own Second Screen
Microsoft hopes the new Xbox One-its first console in eight years-will become a hub for entertainment. In addition to live TV, the device will offer exclusive media content, including a live-action Halo video series produced by Steven ...
-
Financial Stocks J.P. Morgan leads financial stocks higher
Gupta was convicted of fraud and passing on insider secrets about Goldman Sachs to now felon Raj Rajaratnam. Rajaratnam is serving 11 years in prison for gaining insider tips for financial ...
-
Futures Movers Oil falls ahead of U.S. government supply data
SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell Wednesday as traders braced for a U.S. government update on petroleum inventories following a trade group report that showed an unexpected rise in weekly crude ...
-
Tesco closes Shanghai superstore owner refused to renew lease
A 10-year-old Tesco store in Shanghai will be closed in the end of May, the UK retailer Tesco Group announced Wednesday, shortly after rival Wal-Mart Stores Inc shut down three superstores in the Chinese mainland in April. The property owner has no intents of renewing the lease contract, so the firm decided to close the supermarket on May 31, an PR representative with Tesco China, who wished to ...
-
Wall Street opens higher ahead of Bernanke
New York - US stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary ...
Amsterdam in Focus
-
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
News from around our Network
