Latest Breaking Business News
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Gap willing to sign Bangladesh safety accord if tweaked
GPS.N ) chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor ...
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Wall Street watchdog to review broker bonus disclosure plan in July
WASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on ...
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Sony to assess spin-off proposal for entertainment business Nikkei
(Reuters) - Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei ...
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NetApp earnings slip but in line with estimates
SAN FRANCISCO (MarketWatch) -- NetApp Inc. reported a decline in net income for its fourth fiscal quarter on Tuesday afternoon, coming largely in line with Wall Street's expectations. For the period ended April 26, ...
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Fed officials dampen speculation of imminent bond tapering
FRANKFURT/NEW YORK (Reuters) - Two senior Federal Reserve officials on Tuesday played down chances that the U.S. central bank would signal a readiness to taper bond buying at its meeting next month, dampening speculation the Fed might soon dial back its ultra-easy ...
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Enron no lesson to traders as EU probes oil-price manipulation
Royal Dutch Shell Plc Chief Executive Officer Peter Voser said it's too early to speculate about the European oil-price fixing probe and the company is committed to the "highest standard of corporate behavior." "Since the investigation has just commenced it would be inappropriate to speculate about the outcome," Voser told shareholders at the company's annual ...
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US STOCKS SNAPSHOT-Dow SP end at records on Fed officials remarks
NEW YORK | Tue May 21, 2013 4:04pm EDT NEW YORK May 21 (Reuters) - U.S. stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as comments from Federal Reserve officials eased some concerns that the central bank could start reducing its stimulus program. The Dow Jones industrial average gained 52.30 points, or 0.35 percent, to end unofficially at a record ...
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Xbox One Unveiled Microsoft Promises More Intelligent TV With Snap Mode Voice Commands
Microsoft unveiled the Xbox One during a Tuesday video broadcast streamed on Xbox.com, featuring cameos from Steven Spielberg and the makers of "Halo" and "Call of Duty." Xbox One devices will enter the market sometime later this ...
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Our sky-high gas prices expected to last until June
Heading into the Memorial Day weekend, Minnesota motorists are paying the highest prices ever for gasoline. The rapid run-up in prices in the past week - to a statewide average of $4.28 per gallon Monday - tops the 2008 record of just under $4 per gallon, according to AAA data. Minnesota now has the highest-priced gasoline in the lower 48 states, followed by North Dakota. The Upper ...
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Foreclosures defaults up in April
San Diego foreclosures and mortgage defaults rose in April, but those numbers remain lower than normal in light of an improving economy and rising home prices, suggests a report from real estate tracker DataQuick on ...
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Brown Deer Village Board approves Wal-Mart financials
May 21, 2013 2:41 p.m. | Brown Deer - Trustees on Monday approved the financial dealings underlying the sale of the vacant Lowe's building on Brown Deer Road to Wal-Mart, but not before altering the agreements to grant themselves more power to regulate the retailer. Trustee Andrea Weddle-Henning was the lone Village Board member to vote against the financial deals that allow Lowe's to ...
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Wall St gains on Fed stimulus talk
Wall Street gained, touching records, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should maintain its current bond-buying program to help bolster growth. In a speech in Frankfurt, Germany, Bullard recommended the Fed "continue with the present quantitative easing program, adjusting the rate of purchases appropriately in view of incoming ...
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Microsoft Stumbles Through Xbox One Announcement
my live coverage of the Xbox One reveal, an event that was half as long as most thought it would be, and one hour longer than it should have been. Meaning, this shouldn't have been an event in the first place. The Xbox One announcement was an hour long, though really only 45 minutes if you don't count the 25% of the presentation devoted solely to being a singular ad for the (non-Xbox ...
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Microsoft unveils new generation XBox
ATTEMPTING to replace all your living room devices with a single unit, Microsoft has launched its new gaming console, the Xbox One, at Microsoft HQ in Seattle. The successor to the hugely successful Xbox 360, the Xbox One was unveiled to an audience of a few hundred journalists by Microsoft's president of interactive business Don Mattrick, who outlined the company's plans to take over ...
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Americans Turn Against Web Providers
Americans are not big fans of their cable TV service or their cell phone service. But they really hate their internet service provider, according to a survey released on Tuesday. The new American Customer Service Index (ACSI) report on the information sector should be a wake-up call for the nation's ISP industry. It scored only 65 out of 100 in the annual survey, the lowest score for any of ...
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Microsoft Unveils Latest Xbox
Microsoft unveiled its long-anticipated next generation Xbox, called the "Xbox One," a device that allows users to switch more easily between entertainment options. The company also said Tuesday it is partnering with game makers to produce 15 exclusive games on the console. At the tech giant's Redmond, Wash., headquarters, interactive entertainment business president Don Mattrick ...
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What to Expect from Retail Earnings
Even though more than 90 percent of the S&P 500 have already reported earnings, this week remains a key week for retail with 24 retailers, 12 of which are S&P 500 ...
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Best Buy CEO Turnaround Within His Control
This year will be a transition year as the electronics retailer begins to execute its "renew blue" initiatives. While its first-quarter results are not entirely positive, as the nearly 5 percent decline in its stock price suggests, there are early positive signs that the moves are beginning to resonate with consumers. Online comparable sales in the U.S. are up 16.3 percent for the ...
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Microsoft debuts Xbox One
The Xbox 360 has been around since 2005 and, despite retaining its popularity, the console grows long in the tooth. That changestoday, as Microsoftannounces a new generation of its stealth living room takeover device. Speculation around what was coming has been growing for sometime and reached a crescendo when the company ...
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Wall Street stocks gain
Source: Reuters US stocks have gained today, after Home Depot raised its profit outlook and JPMorgan's chief executive won a vote of confidence from shareholders. Shares of the two companies helped lift the blue-chip Dow as the broader market picked up steam in the early afternoon, sending indexes to fresh intraday records. Comments from a top Federal Reserve official also boosted the ...
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10 killer new features of Microsofts Xbox One
Xbox game console Tuesday, touting a device it claims will revolutionize the experience of using your television. Eight years after the launch of the Xbox 360, which is currently the best-selling games machine in the U.S., Microsoft finds itself the last of the three big game-makers to show off new hardware. The device is due out later this year. No price was announced. Here's a closer ...
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Microsoft unveils Xbox One
From a hardware standpoint, while everything is more powerful, little is radically different from the Xbox 360. Similar to Sony's PlayStation 4, the Xbox One has a custom-built 8-core CPU, with 8 gigabytes of RAM, a 500 gigabyte hard drive, USB 3.0, 802.11n Wi-Fi, and a Blu-ray ...
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Apples Tim Cook is Wall Street hero for a day
AAPL ) for its creative tax policies, investors were cheering on CEO Tim Cook as he defended the company and pushed Congress to overhaul the tax code. The general consensus among traders on StockTwits was that Cook looked like a capable leader compared with the elected officials doing the ...
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The ultimate all-in-one home entertainment system Microsoft finally unveils its Xbox ONE console
Don Mattrick, the software giant's president of Interactive Entertainment, told an audience of gaming journalists at Microsoft HQ in Redmond, Washington, that the new Xbox ONE was not simply a games console, but "The ultimate all-in-one home entertainment ...
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Exclusive EU says Chinese FTA possible but wants market opening
BRUSSELS (Reuters) - The European Union is willing to deepen trade ties with China but wants to see concessions from Beijing first, documents seen by Reuters on Tuesday ...
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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