Latest Breaking Business News
RSS-
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 ...
-
Analysis U.S. food labels seen heating up North America meat war
Clayton Colliou, a meat cutter at Bon Ton Meat Market, cuts choice cuts of Alberta beef in Calgary, Alberta in this October 3, 2012 file ...
-
U.S. court studies wiretaps in ex-Goldman directors insider case
Defense lawyer Seth Waxman told the 2nd U.S. Circuit Court of Appeals in New York that wiretaps played for the jury were inadmissible because they amounted to hearsay ...
More Breaking Business News
RSS-
Microsoft reveals Xbox One game console
SAN FRANCISCO (MarketWatch) -- Microsoft Corp. unveiled a new videogame console called the Xbox One on Tuesday, though the company took great pains to tout the device as an "ultimate, all-in-one home entertainment ...
-
Wal-Mart Costco And Other Merchants Push Back Against Swipe-Fee Settlement
A group of 19 large retailers including Wal-Mart Stores Inc. (WMT), Costco Wholesale Corp. (COST) and Starbucks Corp. (SBUX) are opting out of a pending class-action settlement with Visa Inc. (V) and MasterCard Inc. (MA), potentially setting the stage for more battles over transaction-processing fees.The merchants say the pending deal, reached last summer, won't stop so-called swipe fees ...
-
Citigroup Ordered to Pay Investors $1 Million Related to Auction Rate Securities
An arbitration panel has ordered Citigroup Global Markets Inc. to pay more than $1 million to two Texas corporations that claimed the brokerage kept them in auction rate securities when it knew the market was in trouble.Texas PGI and Paragon Reserve accused the subsidiary of Citigroup Inc. of breach of fiduciary duty, among other charges, in their claim made through the Financial Industry ...
-
Microsoft Unveils Xbox One An All-In-One Entertainment Console
Xbox gaming console: Xbox One, a cloud-powered, all-in-one home entertainment system. At a press event on Microsoft's Redmond campus Tuesday, Xbox chief Don Mattrick said Xbox One is an attempt to answer the question, "Can we improve a living room that's become too complex, too fragmented, and too slow by harmonizing your ...
-
Apples Cook says company doesnt use tax gimmicks
AAPL ) CEO Tim Cook, the Senate's bark was far worse than its bite. Cook, testifying on Capitol Hill a day after a congressional panel released a scathing ...
-
ESPN thinning workforce to cut costs
DIS ) division to reduce staff. "We are implementing changes across the company to enhance our continued growth while smartly managing costs," the sports media giant said in a statement Tuesday. "While difficult, we are confident that it will make us more competitive, innovative and productive." The company would not say how many jobs are being eliminated, but they include ...
-
Analysts like Best Buys focus but shares down after earnings
The soap opera is over, but the reconstruction continues at Best Buy. The Richfield-based electronics chain is still in the midst of reinventing itself, which was clear from every element of its first-quarter results released Tuesday, May 21. It lost money, mostly because of restructuring costs. Revenue was down, mostly because of divisions being closed or sold, especially in Europe. It ...
-
EU leaders look to end Apple-style tax avoidance schemes
Reuters © Men are silhouetted against a video screen with an Apple logo as they pose with an Apple iPhone 4 smartphone in this photo illustration taken in the central Bosnian town of Zenica, May 17, 2013. REUTERS/Dado ...
-
Apple CEO We pay all the taxes we owe — every single dollar
Apple CEO Tim Cook testifies on Capitol Hill in Washington, Tuesday, May 21, 2013, before the Senate Homeland Security and Governmental Affairs Permanent subcommittee on Investigations as lawmakers examine the methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code. Lawmakers want to know the tax strategy of how ...
-
Microsoft touts Xbox One as all-in-1 entertainment
Microsoft Corp.'s Don Mattrick unveils the next-generation Xbox entertainment and gaming console system, Tuesday, May 21, 2013, at an event in Redmond, Wash.I t's been eight years since the launch of the Xbox 360. The original Xbox debuted in 2001, and its high-definition successor premiered in 2005. (AP Photo/Ted S. ...
-
Horsman joins Torrey Pines Bank
A long-time San Diego banker, Horsman was previously Chief Executive of San Diego National Bank. In 2009, San Diego National was taken over by federal regulators and sold to U.S. ...
-
San Diegos Cubic to train foreign military
Cubic Simulation Systems division, based in Orlando, Fla., uses digital video projectors, high-definition screens and game-based computer graphics for marksmanship and other ...
-
2 guilty in SDSU mini-dorm case
A real estate broker and a property owner have been sentenced for violating a city of San Diego ordinance that cracks down on mini-dorms, privately owned homes that are rented out to college students. The recent case sheds light again on a long-standing issue around the San Diego State University ...
-
Just because Royal Mail is in a fit state to be sold doesnt mean it should be | Nils Pratley
Royal Mail 's full-year profit numbers were intended to be read as the first draft of a flotation prospectus. Chief executive Moya Greene was in full warm-up mode. "Our strategy is delivering," she declared, as operating profits rose from 152m to 403m.In business terms, her claim is fair. Royal Mail is quite clearly in a fit state to be sold, if the government really is committed ...
-
Bumper SSE results expected to provoke consumer outrage
Accusations that the big energy firms are profiteering at the expense of UK households will be centre stage again on Wednesday if Scottish & Southern Energy, as expected, reveals bumper profits for a second year running.Analysts are predicting the Perth-based company, which supplies 9.6m households with gas and electricity, could announce profits as high as 1.4bn for the last 12 months - a ...
-
Jamie Dimon Crushes Critics
JPMorgan Chase Chairman and CEO Jamie Dimon on Tuesday won a crucial shareholder vote rejecting a proposal to strip him of his chairman title, a big victory for the brash leader of the country's largest ...
-
Feds Dudley Tapering Tied to Economy
bond buying program , New York Fed President William Dudley said he cannot be sure whether policymakers will next lower or increase the amount of purchases, because of the "uncertain" economic outlook. "But at some point, I expect to see sufficient evidence to make me more confident about the prospect for substantial improvement in the labor market outlook," Dudley said in ...
-
Families Need $58000 to Get By Poll
Americans think that a family of four would need to bring in a minimum of $58,000 a year, on average, just to get by in their community, a new Gallup survey finds. That's more than double the 2012 poverty threshold for a family of four, which was around $24,000 a year, according to the latest data from the U.S. Census Bureau. The results are not far off from what Americans told Gallup when ...
-
Home Depot earnings beat expectations
Annual revenue expected to be $76.98 billion ATLANTA (AP) -- Even though the weather was poor, Home Depot posted an 18% increase in its net income for the first quarter thanks to the ongoing housing recovery.Its quarterly results topped Wall Street's view and the world's biggest home improvement chain boosted its full-year earnings and revenue forecasts Tuesday.Shares were up more than ...
-
UPDATE 3-Microsoft unveils Xbox One with Spielberg Activision tie-up
Tue May 21, 2013 3:21pm EDT By Bill Rigby and Malathi Nayak REDMOND, Wash. May 21 (Reuters) - Microsoft Corp gave the world a first look at its new Xbox One on Tuesday, announcing that its first gaming console in eight years will come with exclusive video and software content, including a "Halo" series produced by Steven Spielberg. The Xbox One, which will be available later this year ...
-
Buckley Shortlisted For Top Smiths Job
Sir George Buckley, one of Britain's most seasoned industrialists, has been shortlisted for the top boardroom job at Smiths Group, the FTSE-100 engineering and technology group. I understand that Sir George, who stepped down last year from the helm of 3M, the conglomerate behind Post-It notes, is in talks about taking on the job later this year. He is understood to be one of several ...
-
Microsoft Xbox launch event live blog
Microsoft offers a glimpse Tuesday at a new-generation Xbox as videogame consoles evolve into home entertainment centres and adapt to competition from smartphones and tablets.A tented stage has been set up at the technology giant's headquarters in the city of Redmond in Washington State for an "Xbox Reveal" event to play out just weeks before a major annual E3 videogame conference ...
Rio de Janeiro Digest
-
Rio's uphill battle to host the Games
Rio de Janeiro has many aspects, it is the party capital of Brazil, the internationally recognized face of the country, the most visited city in Brazil, the crime capital of South America, a city with some of the highest drug use statistics and, more recently, the host city of the 2016 Summer Olympics. Winning that particular war has not been easy.
Rio de Janeiro, this bustling city of 6 million people (14 million if one includes the greater metro area) is the second largest city in Brazil and is famous for its statue Christ the Redeemer, which sits atop Corcovado Mountain and has looked down upon the city for almost 100 years. It is also famous for the internationally known Carnivale, the city’s samba schools, the fabulous beaches that grace our shoreline and Sugarloaf Mountain with its ancient cable car. Read more
News from around our Network
