Latest Breaking Business News
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Asia stock markets edge up after big sell-off
Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary ...
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Microsoft brushes off claim Xbox Live accounts were compromised
IDG News Service - Microsoft brushed off a dubious hacker's claim on Thursday that he stole 47 million account credentials for Microsoft's Xbox Live gaming service. The hacker, who goes by the Twitter handle ...
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US ITC refuses to ban Microsofts Xbox at Googles request
The U.S. International Trade Commission has turned down a request for a ban on Microsoft's Xbox after finding that the gaming device did not infringe a patent owned by Google's Motorola Mobility unit.The ITC's ruling Thursday has essentially confirmed an initial ruling by administrative law judge David P. Shaw in March that the Xbox did not infringe a Motorola patent relating to ...
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Microsoft did not violate Google patent ITC
Xbox is related to the larger smartphone patent war between Apple, Microsoft and the mobile phone makers who use Google's Android software, including its subsidiary Motorola ...
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Japan Bulls Unwavered by Stock Market Rout
A day after Japanese equities witnessed their sharpest one-day drop in more than two years, investor optimism over the outlook for the country's stock market remains unshaken. "The market was very right for a correction. [But] longer term there is a lot of potential in Japan. Obviously markets don't move in a straight line," David Dietze, president and chief investment ...
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Market Wrap for Thursday May 23 Wall Street Shrugs Off Global Slump
Thursday's trading session may have been the most glaring example of just how powerful the bull market in U.S. stocks is right now. Even though all of the major averages closed slightly lower on the day, the U.S. market was able to shrug off a global rout in stock prices that began with a 7.3 percent crash in the Nikkei. The catalyst for the sell-off in Japan centered on concerns ...
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Worry not Less help from Fed would be good economic news
As the Federal Reserve slows its drive to keep interest rates low, it should be cause for celebration: It would mean policymakers think the economy is strong enough to accelerate with less help from the ...
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Japan Nikkei Plunge Wont Derail Abenomics
The biggest plunge in Japanese stock prices since a 2011 earthquake and tsunami was a temporary pullback that will not derail the government's "Abenomics" policy of loose money and fiscal stimulus, officials said on Thursday. "It's a temporary adjustment after the rapid gains seen recently," Yasutoshi Nishimura, senior vice-minister of the Cabinet Office, told ...
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Procter Gamble brings back former CEO to fix company
PG.N ) on Thursday brought back A.G. Lafley to run the world's largest household products maker, replacing Bob McDonald immediately in the midst of a major ...
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Google like Facebook in talks to buy Waze for about $1 billion report
(Reuters) - Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported, citing people familiar with the ...
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Wall St. bucks global slump
Nikkei plunged 7.3% on Thursday. Investor jitters then spilled over into Europe, where major stock indexes dived 2%. Wall Street opened deep into the red, with major indexes initially falling about 1%. The Dow Jones industrial average sunk more than 100 points shortly after the opening bell on the New York Stock Exchange. But as trading continued, investors flocked back, paring the day's ...
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Rio Tinto Begins Cutting Jobs at Utah Copper Mine After Slide
Rio Tinto PLC (RIO.LN) has cut about 100 jobs at its copper operation in Utah and warned further positions will be cut later this month as it moves to reduce operating costs after a large part of the pit wall collapsed at its Bingham Canyon mine last month.The London-based company's Kennecott Utah Copper unit in a statement Thursday said it continues to take steps to reduce the impact on ...
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ASIA MARKETS Japan Stocks Recover Modestly After Steep Sell-off
HONG KONG – Japanese stocks jumped Friday to stage a modest recovery, with relief buying emerging after the extreme losses they suffered the previous day, amid expectations that the rally that began late last year may have further to go.The Nikkei Stock Average climbed 3% after diving 7.3% in the previous session, while the broader Topix advanced 2.6% after Thursday's 6.9% ...
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RPT-Hong Kong shares to open flat Lenovo jumps after earnings
Thu May 23, 2013 9:28pm EDT HONG KONG May 24 (Reuters) - Hong Kong shares are set to open flat on Friday, with PC maker Lenovo Group Ltd up 4 percent to be the top percentage gainer among Hang Seng Index components, extending gains after it reported a forecast-beating quarterly profit. The Hang Seng Index was set to open flat at 22,679.36. The China Enterprises Index of the top Chinese listings ...
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Hamlin takes Coca-Cola 600 pole with record lap
Danica Patrick looks on as crew members work on her 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, ...
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Hewlett-Packard profit down 32
Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations , as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent ...
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In risky new tack Microsoft stacks Surface against iPad
(Credit: Microsoft) Microsoft's "iPad vs. Windows" campaign now includes iPad vs. Surface RT. Is Microsoft picking the right fight? On the back ...
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Sears losses mount weighs sale of unit to shore up liquidity
Some on Wall Street saw D'Ambrosio's departure as adding to Sears' risks, and worried that Lampert's lack of retail sales experience could hurt the company's attempt to turn around its core Sears department stores and Kmart ...
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U.S. options clearer moves to end trade type dominated by Nasdaq
SAN FRANCISCO (Reuters) - The clearinghouse for all stock options said Thursday it will adopt a policy aimed at abolishing a dividend-linked trading strategy that critics say could destabilize markets if left ...
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Salesforce.coms quarterly results disappoint Wall Street
Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower. Under Marc Benioff, Salesforce's CEO and founder, the company's fast revenue growth has made it a favorite with investors eager to own part of the growing trend among businesses to outsource their information technology needs - from ...
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Fed Fears Shake Global Markets but Fade on Wall St.
Investors are contemplating a future without support from one of the biggest engines of the global economy in recent years: the Federal Reserve. Fears that the Fed is about to reduce its stimulus helped send stock, bond and currency prices on a wild ride on Wednesday and Thursday, with Japanese stocks experiencing their worst one-day decline since the 2011 tsunami and United States ...
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GLOBAL MARKETS-Asian stocks shaky Nikkei still seen vulnerable
Fri May 24, 2013 12:22am EDT * Nikkei down 0.6 pct, erases earlier gains * Asian stocks outside Japan dip to 1-month lows * Yen rises vs USD and euro as Nikkei trims gains By Ian Chua SYDNEY, May 24 (Reuters) - Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger ...
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Hot property Trace Water addition Savage
Details: The Savage City Council has approved plans for a third addition to the Trace Water subdivision, paving the way for 40 custom homes starting at ...
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Kahne embraces long races like the Coca-Cola 600
Kasey Kahne climbs into his car for 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/Mike ...
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Art Laffers tax fix for California
Economist Arthur Laffer, known for advocating supply-side economics while advising former President Ronald Reagan, discusses Kansas Gov. Sam Brownback's income tax plan with reporters, Thursday, Jan. 19, 2012, at the Statehouse in Topeka, Kan. Laffer, of Nashville, Tenn., also advised the Brownback administration and calls its tax plan "beautiful." (AP Photo/John ...
In-Depth Dublin
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Dublin and Cork are finally linked by motorway
The National Transport authority recently announced to Dublin news media that upgrades to the final stretch of motorway between Cork and Dublin will be opened in 2010, brining to completion a massive infrastructure investment.
The massive upgrade of 250 kilometers of motorway and highway between Dublin and Cork is almost complete, linking the capital with the second largest city in the country. Read more
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