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Workers demand more action from Italian government

Sun, 19 May 2013 10:41:41 -0400

Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job creation ...

Americans find happiness in household wealth

Sun, 19 May 2013 10:39:30 -0400

Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...

Construction begins on new island off Jumeirah Beach in Dubai

Mon, 20 May 2013 04:26:18 -0400

Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

Hackers take on Financial Times web site

Sun, 19 May 2013 10:37:49 -0400

Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...

Digital world creeps up on Target

Sun, 19 May 2013 10:34:21 -0400

Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...

Hackers get into important Saudi websites

Sun, 19 May 2013 10:36:20 -0400

The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...

Market Snapshot Stock futures flat no data Fed’s Evans to speak

Mon, 20 May 2013 06:40:47 -0400

MADRID (MarketWatch) -- U.S. stock market futures pointed to a flat open on Monday, with investors seen taking a breath after a blockbuster prior week. There's no data on the calendar, though Chicago Federal Reserve President Charles Evans is due to ...

How going pop-up helped us sell our ponchos

Mon, 20 May 2013 06:38:27 -0400

Katy Isaacs and Julia Wonke, co-founders of poncho company Rainwave, started online but jumped at the opportunity to use a pop-up space on the King's Road. Here Katy tells their ...

Monday Newspaper Review - Irish Business News and International Stories - - May 20 2013

Mon, 20 May 2013 06:38:00 -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 ...

Hedge Fund Owner Cohen Gets Subpoena to Testify

Mon, 20 May 2013 06:35:43 -0400

SAC Capital Advisors , a development that signals a newly aggressive phase in the multiyear inquiry, according to lawyers and executives briefed on the case.Issued last week, the grand jury subpoena came as part of a broader round of requests from criminal authorities. Other SAC executives were also named in the subpoenas, the lawyers and executives said, and the fund itself received requests for ...

Stocks Getting Scarce as Rally Sees No End

Mon, 20 May 2013 06:35:42 -0400

Federal Reserve and other central banks is limiting supply of stocks, as well as fueling asset bubbles, analysts warned on Monday. "We do not think investors fully grasp the degree to which the Fed's easy money policies are helping limit the supply of shares and boost the demand for shares," said David Santschi, the CEO of TrimTabs Investment Research, in a note on Monday. He ...

Goldman Sachs to exit ICBC with $1.1 billion stake selldown IFR

Mon, 20 May 2013 06:25:00 -0400

SAN FRANCISCO - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on ...

Asian Stocks Rise On Growth Optimism

Mon, 20 May 2013 05:47:16 -0400

Asian stocks rose on Monday, extending a two-week rally, as an upbeat reading on U.S. consumer confidence bolstered optimism about the economic recovery in the world's ...

FTSE 100 on course for best level since 2000

Mon, 20 May 2013 05:42:04 -0400

currently on course for its best level since 2000.If the trend in early trading continues, the index is set to beat its 2007 peak of 6732, with the next test the 6752 achieved in September 2000.At the moment the index is 12.37 points higher at 6735.43, as investors continue to take heart from the continuing actions by central banks to stimulate the global economy. Worries about what happens when ...

Chelsea Flower Show bankers network among the narcissi

Mon, 20 May 2013 05:42:01 -0400

Chelsea Flower Show is where the City hopes to cultivate new business.While the TV cameras will be trained on the Queen's visit and gardening royalty such as Alan Titchmarsh and Carol Klein for the horticultural event's centenary year, big corporates rule the rudbeckias after 7pm.The show's gala dinner attracts some of the top names in business, politics and banking, the highlight ...

Google’s chief supports corporate tax reform

Mon, 20 May 2013 05:41:37 -0400

Eric Schmidt, Google's executive chairman, on Sunday gave support to corporate tax reform - - quite a change from last December when he dismissed critics of tax ...

Scotland Risks Cyprus-Style Crisis UK Report

Mon, 20 May 2013 05:39:53 -0400

An independent Scotland is at risk of a Cyprus-style banking crisis, as its banking sector would be "exceptionally large" compared to the size of its economy, a U.K. government report has said. "An independent Scotland would have an exceptionally large banking sector compared to the size of its economy - with banking assets of more than 1250 percent of Scottish [gross domestic ...

Empty Stores In Malls And Retail Parks Spread

Mon, 20 May 2013 05:33:32 -0400

A surge in shopping centre vacancies means almost one in every eight British stores is now empty, according to a new survey. Empty shops now account for 11.9% of retail space, after failures including Comet and Jessops knocked holes in the shopping hubs and out-of-town retail parks. The percentage of UK shop vacancies in April worsened from 10.9% in January and was the highest rate since ...

EU Eurosceptic MPs Warned By Business Leaders

Mon, 20 May 2013 05:33:32 -0400

Some of Britain's most successful business leaders have accused eurosceptic politicians of abandoning the national interest to push for an EU exit. Sir Martin Sorrell, chief executive of WPP Group, told Sky News that the business community felt "very uncomfortable" about talk of Britain leaving the European Union and that the anti-European rhetoric was "fundamentally a ...

Xbox 720 five key points about Microsofts new generation

Mon, 20 May 2013 05:27:56 -0400

Xbox machine, which still doesn't have a name - although Infinity is a frontrunner once again. Taking place at the Microsoft HQ in Redmond, the event will be live-streamed across the globe, and should ...

LONDON MARKETS U.K. Stocks Extend Gains As Banks Rise

Mon, 20 May 2013 05:27:27 -0400

LONDON – Banks led U.K. stocks higher in an upbeat session on Monday, while resource firms added pressure after oil and metals prices showed broad-based losses.The FTSE 100 index added 0.2% to 6,737.26, building on gains from Friday, when the index climbed to the highest closing level since October 2007.Shares of budget airline EasyJet PLC jumped 4.6%, after peer firm Ryanair Holdings PLC ...

Cathay Financial Signs Cooperation Pact With China Merchants Bank

Mon, 20 May 2013 05:27:27 -0400

Taiwan's Cathay Financial Holdings Co. (2882.TW) said Monday it signed a pact with China Merchants Bank (3968.HK) on possible cooperation in the future.Cathay Financial said in a statement this is the company's seventh such pact with a Chinese lender, as it is driving to expand outside its saturated home market.The pact is a framework agreement that for future cooperation in or exchange ...

ENRC Unveils Details Of Consortiums Rejected Cash and Shares Offer

Mon, 20 May 2013 05:27:27 -0400

U.K.-listed, Kazakhstan-focused miner Eurasian Natural Resources Corp. PLC (ENRC.LN) Monday unveiled the details of the indicative cash and shares offer that a consortium of buyers proposed but which ENRC rejected on the grounds that it materially undervalues the business.The consortium of buyers, which includes the company's three founding shareholders--Alexander Machkevitch, Alijan ...

United Airlines to resume 787 Dreamliner flights

Mon, 20 May 2013 05:25:38 -0400

United Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smoldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another. The incidents never caused any serious injuries. But the January grounding ...

Eurozone crisis live Economic optimism drives markets higher

Mon, 20 May 2013 04:46:58 -0400

higher than in February, a somewhat encouraging sign for the future . Industrial sales (as opposed to future orders) tumbled 7.6% year-on-year, and were down 0.9% on a monthly ...

How to design your ideal life

Mon, 20 May 2013 04:46:56 -0400

Martin Bjergegaard with his daughter Mynte, when she was younger. 'I wanted to show my dad that being successful didn't mean you couldn't have a good life ...

Will Pinterest Ruin Your Wedding

Mon, 20 May 2013 04:43:55 -0400

There are certain things no one tells you when you start planning a wedding. No one mentions that much of the process - booking vendor appointments, e-mailing color swatches, creating complex Excel spreadsheets of guest lists, sending out piles of mail - is a lot like having a second job as a receptionist. No one tells you that the economics of buying a wedding dress are roughly the same as ...

North Korea fires fifth missile in three days

Mon, 20 May 2013 04:43:27 -0400

North Korea fired another short-rangemissileinto the Sea of Japan on Monday, the latest in a series ofmissiledrills that have been condemned by South Korea and UN chief Ban ...

Morgan Stanley To Sell India Wealth Management Assets to Standard Chartered Bank

Mon, 20 May 2013 04:30:21 -0400

Morgan Stanley (MS) Monday said it is selling its Indian wealth management business to Standard Chartered PLC (STAN.LN) for an undisclosed sum."Morgan Stanley will work closely with Standard Chartered over the coming months to ensure a smooth transfer of our wealth management clients currently serviced in India," the U.S. investment bank said in an emailed statement. "This process ...

Obama to address Guantanamo prison drone program

Mon, 20 May 2013 04:23:12 -0400

Obama will address the U.S. secret drone program's legality and his pledge to shut the Guantanamo Bay detention camp, a White House official said. Obama will address them in a speech Thursday at the Defense Department's National Defense University in Washington -- a speech that will focus on how he intends to bring his counter-terrorism policies in line with the legal structure and ...

India Resource Center Coca-Cola Plant Shut Down in India

Mon, 20 May 2013 04:21:04 -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 ...

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

Mon, 20 May 2013 04:21:04 -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 ...

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

Mon, 20 May 2013 04:21:03 -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

Mon, 20 May 2013 04:16:41 -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 ...

Metals Stocks Gold extends losing streak as bearish bets rise

Mon, 20 May 2013 03:55:17 -0400

LOS ANGELES (MarketWatch) -- Gold futures dropped Monday, facing an eighth straight session of losses, with data showing an increase in bearish bets on the precious metal, while silver futures were on track for their steepest decline in a ...

Ryanair profits and customers rise

Mon, 20 May 2013 03:53:03 -0400

Europe will dampen growth this year.The Dublin-based company, which operates on more than 1,600 routes, carried 79.3 million passengers in the year to 31 March, an increase of 5% on a year earlier as revenues improved 13% to EUR4.8bn (4.1bn).Post-tax profits rose to EUR569m and the airline is hopeful of another rise this year, albeit at a slower rate of growth as economic conditions put pressure ...

High inflation here to stay says leading forecaster

Mon, 20 May 2013 03:53:02 -0400

inflation was here to stay.The Ernst & Young Item Club, which uses the Treasury's model of the UK economy for its forecasts, estimates that persistently high inflation has already knocked almost 3% off UK growth in the last three years.It expects inflationary pressures to peak over the summer and said it is unlikely the CPI measure will dip below 2.5% over the next four years.While the ...

Yahoo expected to announce acquisition of Tumblr for $1.1bn

Mon, 20 May 2013 03:52:36 -0400

Marissa Mayer, the former Google executive who is now chief executive of the listing web content company, is signalling a desire to give the company more social media strength and Tumblr, which was founded in 2007 by David Karp, then 21, in a bedroom in his mother's apartment in New York, is the lucky entrepreneur to ...

Some French Households Taxed at 100

Mon, 20 May 2013 03:50:58 -0400

More than 8,000 French households' tax bills topped 100 percent of their income in 2012, a French newspaper reported. Citing data from France's finance ministry, ...

UPDATE 1-Ryanair shares hit record after earnings top forecasts

Mon, 20 May 2013 03:49:53 -0400

Mon May 20, 2013 3:49am EDT * FY net 569 mln eur vs f'cast 558 mln in company poll * Buoyed by 6 pct rise fares, extras up 20 percent * Says profit growth may be flat in year ahead * High fuel, wait for new planes to weigh on profit * Shares up more than 5 pct, high record high (Updates with shares up 5 pct; CFO says guidance 'cautious') By Conor Humphries DUBLIN, May 19 (Reuters) - ...

21 most expensive U.S. zoos

Mon, 20 May 2013 03:05:34 -0400

U-T San Diego surveyed more than 40 public and nonprofit zoos to identify the most expensive in the U.S. Family admission prices, and membership costs, were based on tickets for two adults and two children, 8 and 13. ...

Zoo price is as high as its profile

Mon, 20 May 2013 03:05:34 -0400

The zoo this year costs $44 for adults and $34 for children under 13, after a series of annual increases. Since 2009, the cost of admission has gone up 26 percent for grown-ups and 31 percent for ...

Oil prices down ahead of key economic data

Mon, 20 May 2013 03:04:54 -0400

The price of oil fell today ahead of the release later this week of economic data from the US and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 25 cents to $95.77 a barrel on the New York Mercantile Exchange. The contract rose 86 cents to close at $96.02 a barrel on Friday. Brent crude, a benchmark for many ...

If CDFIs are forced to get ruthless social enterprise will suffer

Mon, 20 May 2013 02:59:18 -0400

I've worked in the social enterprise sector for 15 years and one challenge that's always been there is doing good and doing well - the balance of delivering social and financial returns.And I don't think it's getting any easier.Take community development finance institutions (CDFIs) as an example. They are social enterprises that deliver ethical financial services to those ...

Australian shares trim early rally edge higher on Wall St weak $AU

Mon, 20 May 2013 02:52:23 -0400

Mon May 20, 2013 2:52am EDT (Adds details, comments) SYDNEY May 20 (Reuters) - Australian shares finished the session 0.5 percent higher on Monday, underpinned by a broad rally as upbeat economic data propelled Wall Street to record highs. Stocks with a large exposure to the U.S. gained on the weaker Australian dollar. The Australian dollar steadied after reaching multi-month lows against the ...

Ryanair Profit Up 13 But Expects Slowdown

Mon, 20 May 2013 02:50:31 -0400

Budget carrier Ryanair has posted record full-year earnings but warned profit growth would slow sharply in the coming 12 months. It expects the slowdown to be caused by weakness in the European Union and high fuel and airport costs. Europe's largest budget airline reported net profit of 569m euros (£480m) for the 12 months to the end of March, up 13%. The full-year return beat ...

Tax Havens Cameron Warns Over Transparency

Mon, 20 May 2013 02:50:30 -0400

Britain's offshore tax havens have been warned to enforce regulations and improve transparency to avoid evasion by individuals and companies. The Prime Minister has written to nearly a dozen leaders of the havens, stressing the need to "get our own houses in order" as he pushes for international action to tackle avoidance schemes. In a message to 10 crown dependencies and ...

NY regulator questions investment firms ties to insurers WSJ

Mon, 20 May 2013 02:46:45 -0400

(Reuters) - New York's top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, the Wall Street Journal said on Monday, citing people familiar with the ...

Elan strikes more deals agrees second share buyback

Mon, 20 May 2013 02:46:45 -0400

DUBLIN (Reuters) - Irish drug firm Elan agreed on Monday to buy two private drug firms, spin-off its one experimental drug and buy back more shares to give a firmer idea of how the company will be reconfigured as shareholders weigh up a takeover ...

Weak economic data weigh on yields

Mon, 20 May 2013 02:44:31 -0400

Sovereign debt markets inched down early in the week but rallied at the end of the week after economic data disappointed - Greek and Portuguese yields declined sharply after the positive assessments from the Eurogroup for both countries, and after Fitch upgraded the Greek sovereign rating to B- from CCC. In the week, the Greek 10Y yield fell by 142bps, while the Portuguese decreased by 21 and the ...

Elan eyes more deals this year with $1 billion warchest

Mon, 20 May 2013 02:44:18 -0400

DUBLIN – Elan will still have $1.2 billion of cash left to spend if shareholders approve its first package of acquisitions, and plans to announce more deals in the second half of the year, chief executive Kelly Martin said on Monday. Elan agreed on Monday to buy Austrian rare drug specialist AOP Orphan for 263.5 million euros ($337 million) and pay $40 million for a 48 percent stake in ...

Wall Street betting on last-minute debt deal

Mon, 20 May 2013 02:31:14 -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 ...

Price of oil falls below $96 per barrel as traders await data Fed chief Bernankes speech

Mon, 20 May 2013 02:14:11 -0400

BANGKOK - The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 25 cents to $95.77 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents to close at ...

Asian stocks rise on signs of steady US recovery

Mon, 20 May 2013 02:13:57 -0400

Investors will have a slew of data to sift through this week, including U.S. homes sales and durable goods orders. Analysts are somewhat pessimistic about the strength of China's recovery but are expecting to see solid improvement in the ...

Futures Movers Oil prices decline break away from $96

Mon, 20 May 2013 02:10:13 -0400

LOS ANGELES (MarketWatch) -- U.S. crude-oil futures slipped Monday, pulling back from gains in the previous session after a firmer view of the economy by consumers raised prospects for energy ...

Tesco’s clothing brand plans expansion

Mon, 20 May 2013 02:08:59 -0400

London - The clothing brand sold by Britain's biggest retailer Tesco said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five ...

Microsoft organises information technology workshop for students

Mon, 20 May 2013 02:07:28 -0400

Accra, May 20, GNA - Microsoft, a global ICT giant, has organised an information technology workshop, to motivate Ghanaian students to develop applications that can be used to solve real life problems in Ghana and the African ...

Why This Week Could See Start of of Risk-Off

Mon, 20 May 2013 02:05:29 -0400

We have seen bouts of reality emerging in phases, which have subsequently been washed over by the relentless search for yield, Slovenia's bond issue last week being a classic example. However, the deteriorating economic and political triggers in Europe appear likely to cause a bout of serious risk-off, starting early this ...

No Love for Metals - Silver Gets Slammed

Mon, 20 May 2013 02:05:28 -0400

. The metal fell victim to heavy selling on Monday, dragging gold down with it, on U.S. dollar strength and as investors turned more cautious on precious metals as an alternate investment, said experts. "We feel silver weakness has been a liquidation trade as investors grow increasingly wary of precious metals and traders are forced to close positions to meet margin calls elsewhere," ...

Chesapeake Energy hires Anadarko executive as CEO WSJ

Mon, 20 May 2013 01:55:25 -0400

APC.N ) as chief executive, filling the post vacated by co-founder Aubrey McClendon, the Wall Street Journal reported, citing people familiar with the ...

Analysis Shrinking deficit reduces pressure for budget deal

Mon, 20 May 2013 01:51:07 -0400

WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be ...

Insight The road to a greener America is littered with road-kill

Mon, 20 May 2013 01:51:07 -0400

Apart from the relative success of Tesla Motors Inc in putting nearly 10,000 of its pricey luxury electric cars on the road, the electric vehicle sector has been among the biggest duds in clean ...

Expectations high for Microsofts next Xbox game system

Mon, 20 May 2013 01:48:45 -0400

In this June 18, 2012 photo, Microsoft CEO Steve Ballmer comments on Microsoft Xbox before unveiling its new Surface. With the next Xbox expected to finally be revealed Tuesday at Microsoft's headquarters in Redmond, Wash., anticipation for what the company is planning for the next iteration of its gaming console is higher than Master Chief's last spaceship. (Damian ...

New Xbox will be star of show at Microsoft event

Mon, 20 May 2013 01:12:38 -0400

The video-game industry’s health meter is blinking red, and its ammo belt is nearly depleted. Industry players are crawling through the darkness, frantically looking for first-aid kits and new weapons to get back into the action. Down one path a pulsing green light beckons, promising resuscitation, new capabilities and another round of fun. The light is coming from Redmond, where on ...

SAC Capitals Cohen gets subpoena to testify NY Times

Mon, 20 May 2013 01:03:17 -0400

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

A Look Ahead This Weeks ETFs to Watch

Mon, 20 May 2013 00:59:50 -0400

Sell in May and go away? Try again next year. After last week's gains, the S&P 500 is sitting on a 4.4 percent gain for the month heading into Monday's trading session. The benchmark U.S. index now resides less than 40 points away from the lofty 1,700 level. Indeed, this rally has plenty of critics, but talk from the naysayers has proven to be cheap and, more importantly, wrong. In ...

Insight The fight for North Dakotas fracking-water market

Mon, 20 May 2013 00:59:21 -0400

WATFORD CITY, North Dakota (Reuters) - In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for ...

Analysis At margins of shale oil boom a tempered euphoria

Mon, 20 May 2013 00:59:20 -0400

HOUSTON/NEW YORK (Reuters) - For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced to secure space in new pipelines to get their crude to ...

Dreamliner Back in Action After Hiatus

Mon, 20 May 2013 00:21:53 -0400

United Airlines 787 will fly from Houston to Chicago Monday morning carrying more than 250 passengers including the CEO's of United and Boeing. Given the massive amount negative publicity, including video of one Dreamliner with smoke drifting out of it in January, there are many wondering if people will be afraid to fly the plane. "There may be some who are concerned about flying on the ...

Should You Pay Off Your Exs Debt

Mon, 20 May 2013 00:06:01 -0400

and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks. In other words, divorces can get messy -- sometimes really messy -- and it should come as no surprise that money is often at the root of the problem. Getting through the divorce is hard enough, but the money problems don't always end when the papers are signed. In fact, joint credit ...

Stem cell tech may help mitochondrial disease

Sun, 19 May 2013 23:38:26 -0400

production of genetically matched human embryonic stem cells holds potential for treating mitochondrial disease, because the matching is not precise. Somatic cell nuclear transfer, the method that produced Dolly the sheep, duplicates nuclear DNA from the donor nucleus, but not the mitochondria, which are those of the egg cell receiving the ...

Japanese Market Trades Higher On Wall Street Lead Weaker Yen

Sun, 19 May 2013 23:37:53 -0400

The Japanese stock market hit a new five-and-a-half year high on Monday, buoyed by Wall Street's gains on Friday and a weaker yen.In late-morning trades, the benchmark Nikkei 225 Index is trading at 15,323.49, up 185.37 or 1.22 percent, after climbing to 15,297.73, the highest intraday level since December 28, 2007.In the banking space, Mitsubishi UFJ Financial (MTU) is adding 0.29 percent ...

Grill and beer it

Sun, 19 May 2013 23:36:03 -0400

When you celebrate Memorial Day by throwing some dogs on the grill, you’ll need something to wash them down. That’s where these mags can come in.If you prefer your beers micro, fruity, infused with chocolate or laced with the heat of a thousand fire-kissed jalapenos, ...

Turness in furnace Hot day at NBC News

Sun, 19 May 2013 23:36:02 -0400

Incoming NBC News boss Deborah Turness better be a quick learner - her to-do list is already overflowing.While dealing with a recently cooled MSNBC and a faltering "Meet the Press" is enough to keep the first woman to head the Peacock network’s news division busy, the hugely underperforming "Today" show is certainly at the top of the list.Ad sales at the division are ...

Park it right there

Sun, 19 May 2013 23:36:02 -0400

When Barrel, a Little Italy-based digital agency, moved and designed its new office space from scratch in August, its brass envisioned a work environment tailored to the tastes of the growing company, and at the same time lent itself well for collaboration.The company’s new work space features small purple stools scattered throughout the office so co-workers can park quickly at each ...

Oil Holds Above $96 on US Economic Data

Sun, 19 May 2013 23:29:36 -0400

U.S. crude futures were steady in early Asian trading on Monday, holding above $96 a barrel after rallying last week on positive economic data in top oil consumer the United States. U.S. consumer sentiment in early May rose more than economists had expected, with more Americans giving favorable views about their financial and economic prospects, particularly among upper-income ...

Woah Time to Slow That Yen Fall

Sun, 19 May 2013 23:29:35 -0400

steep decline and Japan's policymakers are starting to voice their concern about the pace of the currency's move. The yen pulled back from four-and-a-half year lows against the dollar on Monday following a report in the Wall Street Journal that cited Japanese economy minister Akira Amari as saying the yen's excessive strength has now been largely corrected and further weakness in ...

Goldman Sachs to Invest in Japan Green Energy

Sun, 19 May 2013 23:15:07 -0400

TOKYO – Goldman Sachs plans to pour about Y300 billion ($2.9 billion) into Japanese renewable energy projects over the next five years, having determined that a long-term scheme here to buy renewables at fixed rates will provide a stable source of income, the Nikkei reported in its Monday morning edition.The U.S. investment bank recently set up a wholly owned renewable energy management ...

BOJ may seek ways to calm bond market policy on hold

Sun, 19 May 2013 22:46:40 -0400

By Leika KiharaTOKYO (Reuters) - The Bank of Japan is expected to stand pat on monetary policy this week despite jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.The central bank may front-load bond purchases or offer funds via market operations more frequently if the bond market turbulence persists, which are ...

Minnesotas struggling ethanol makers hope to snap back this year

Sun, 19 May 2013 22:44:45 -0400

Dwayne Ehlert, 70, stands outside the shuttered Biofuels Energy Corp. ethanol plant in Fairmont, Minn. Ehlert, 70, who has been farming since 1964, sold a truckload of corn to the plant last August for a record $8.16 per bushel as last year‚Äôs drought drove up prices. A few weeks later, the plant stopped production, citing high corn prices. Although corn had dropped in price, ...

Bernanke’s Testimony Critical to Oil Prices

Sun, 19 May 2013 22:35:39 -0400

The U.S. dollar and its reaction to the Federal Reserve Chairman Ben Bernanke's Congress testimony on Wednesday will prove central for crude oil price direction this week, according to CNBC's weekly survey of market sentiment. Nine out of 13 respondents, or about 69 percent, expect prices to soften this week while two forecast gains and the remaining two are neutral on the market. ...

Has Hollywood Sold Out On Tibet

Sun, 19 May 2013 22:35:39 -0400

If there's one lingering sore point between Hollywood and China, it's Tibet. For years, celebrity activists have annoyed Beijing by organizing charity concerts for Tibetan independence, shouting "Free Tibet" at awards ceremonies, and palling around with the Dalai Lama, whom the People's Republic regards as a "jackal" and "a wolf in sheep's ...

Yen edges up from lows Asian shares firmer

Sun, 19 May 2013 22:25:19 -0400

SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further steady drop in the yen could have negative effects on households, pushing the dollar to a low of ...

Suncorp Mulls Selling Non-Core Bank - Report

Sun, 19 May 2013 22:21:18 -0400

Suncorp Group Ltd. (SUN.AU) is looking at ways to sell the "non-core" bank unit that houses its sour property loans, in a move that would free up capital and could mean higher payouts for investors, The Australian Financial Review said Monday.The regional bank and insurance group set up the unit in 2009 to house 17.5? billion Australian dollars (US$17.1 billion) of loans that could no ...

BOEs King Says More Steps Needed for Growth

Sun, 19 May 2013 21:29:54 -0400

The U.K. economy is in recovery but policy makers need to do more to lift growth, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. But it's only a modest recovery, and we certainly can't be satisfied with it," Mr. King said in an interview with Sky News.The U.K. economy expanded 0.3% between January and March and the BOE expects it to grow 0.5% in the ...

Aust stocks higher after Wall St record

Sun, 19 May 2013 21:27:07 -0400

The Australian share market is higher as another Wall Street record buoys mining and banking stocks.IG market strategist Chris Weston says the strongest University of Michigan consumer sentiment reading since 2007 spurred the Dow Jones Industrial Average and the S&P 500 to reach fresh highs, helping Australian stocks."It's a question of a good lead from Wall Street and people buy on ...

Yahoo reportedly agrees to buy Tumblr for $1.1 billion

Sun, 19 May 2013 21:01:00 -0400

Yahoo's board has agreed to buy Tumblr, the popular blogging service, for about $1.1 billion in cash, a person with knowledge of the agreement said on Sunday. The deal, sealed at a meeting of Yahoo's board, is expected to be announced as soon as Monday, said the person, who was not authorized to speak ahead of the announcement. The acquisition is the biggest yet under Yahoo's ...

Seoul shares up Wall St overshadows North Korea missile tests

Sun, 19 May 2013 20:12:40 -0400

SEOUL | Sun May 19, 2013 8:12pm EDT SEOUL May 20 (Reuters) - Seoul shares edged up on Monday after the rally on Wall Street boosted sentiment and helped to overcome worries about North Korea's firing of short-range missiles at the weekend. Technology heavyweights led the gains, with SK Hynix rising 2 percent and LG Electronics gaining 0.5 percent. The Korea Composite Stock Price ...

Scottish bank customers warned over deposit protection scheme

Sun, 19 May 2013 20:03:10 -0400

A Treasury report has analysed the impact of Scottish independence on the deposit protection scheme that guarantees up to 85,000 to UK bank customers. Photograph Carl Court/AFP/Getty ...

Empty shops hit record high retail study shows

Sun, 19 May 2013 20:03:08 -0400

The number of empty shops on Britain's high streets and malls has hit a record high on the back of a struggling economy and changing shopping habits, industry data released on Monday showed.Across the UK almost one in eight shops lay vacant in April 2013, according to the British Retail Consortium, the highest since it began collecting such data in July 2011. Almost one in five shops in ...

New Co-operative Group head endures rocky start at annual general meeting

Sun, 19 May 2013 20:03:08 -0400

the group's beleaguered bank .Around 250 delegates from across the country filed into New Century House to meet Euan Sutherland, the one-time head of the Kingfisher group they hope will guide them to safety.The meeting at New Century House, Manchester, was held behind closed doors, with delegates unusually tight-lipped as they arrived. A significant absentee was the Co-operative's ...

Share market set for gains on Wall St record

Sun, 19 May 2013 19:58:46 -0400

Australia The Australian dollar remains well below parity with the greenback, after positive US economic data pushed the value of its currency higher on Friday. Around 9:00am (AEST), an Aussie dollar was worth 97.42 US cents.The local currency was also fetching just under 76 euro cents, 100.25 Japanese yen and 64.23 British pence. Futures trade indicates the share market will rise today, with ...

Companies launch cyber war games to prepare for hackers

Sun, 19 May 2013 19:19:36 -0400

Clusters of corporate techies hunched over their laptops one recent evening in Mountain View, Calif., feverishly trying to figure out how RK Industries hacked into and stole critical information from its rival, EntraDyn. It’s a common occurrence, but in this case the firms were fictitious, and the event - a simulated exercise put on by security firm Symantec - featured rock music, a buffet ...

Edina boutique fulfills designers dream

Sun, 19 May 2013 19:19:35 -0400

Edina women’s boutique, a reality. Fortunately, Roth had been preparing for the opportunity for much of her life. She got her start working in her father’s textile factories and selling fashions in their native India, and for the last decade has designed and manufactured wholesale clothing, jewelry and accessories for major department stores as head ...

Trial of Petters associate to open Monday

Sun, 19 May 2013 19:19:33 -0400

The federal trial of the last foreseeable defendant in Minnesota’s largest criminal fraud begins Monday. James Fry, a dentist-turned-hedge-fund-manager from Spring Park, faces 12 counts accusing him of securities and wire fraud and making false statements to the Securities and Exchange Commission in his role as a financial conduit in the Tom Petters-directed Ponzi scheme that bilked ...

Twin Cities at center of hearing aid growth

Sun, 19 May 2013 19:19:32 -0400

Plymouth -based Miracle-Ear, which says it sells America’s most popular hearing aid, is turning up the volume for its Italian parent, Amplifon. Moreover, the Twin Cities hearing aid trade, which boasts several firms, appears to be growing thanks to aging baby boomers who need hearing help, powerful digital products and the willingness of some health insurers to cover at least some of the ...

Bloomberg terminals opened world of information to reporters

Sun, 19 May 2013 19:19:31 -0400

Today, what really connects the financial world? Money, intellect and ideology are candidates. But the best answer may be: the Bloomberg terminal. More than 315,000 of these data cockpits are in use around the world, leased for $20,000 a year. To locate a shared terminal in an office one merely needs to follow the deepest footpath in the carpeting. "Smart money" cannot live without ...

Business forum For medtech a new model is needed

Sun, 19 May 2013 19:19:29 -0400

The realities of the Affordable Care Act, longer FDA approval times and reimbursement challenges require new ways to finance medical technology ...

Movers Shakers Kyle OKeefe Robert Half International

Sun, 19 May 2013 19:19:28 -0400

Robert Half International Title: Regional vice president Age: 35 Kyle O’Keefe, who has a decade of experience at Robert Half International, has been promoted to regional vice president for the specialized staffing firm’s Twin Cities market. O’Keefe will oversee operations for Robert Half’s Accountemps and OfficeTeam staffing divisions ...

Outside consultant Exercise-product start-up needs laser focus

Sun, 19 May 2013 19:19:27 -0400

Question My start-up company has a product, the (4-in-1) Trans4mer, that was invented after my own experience with in-home physical therapy. That therapy had me using multiple exercise balls, bells and weights, which are both costly and space-consuming. Our product is a market disrupter but we have start-up financing problems. How do you effectively take advantage of this situation as a ...

Australia shares seen firmer on Wall St. records soft currency

Sun, 19 May 2013 19:05:46 -0400

SYDNEY, May 20 (Reuters) - Australian shares are seen starting firmer on Monday, after better economic data in the United States pushed Wall Street to fresh record highs and as the local dollar remains below parity against the greenback. * Local share price index futures rose 0.4 percent to 5,212.0, a 31.2-point premium to the underlying S&P/ASX 200 index close. The benchmark ended 0.3 percent up ...

Ryder System shares could rise 20 percent Barrons

Sun, 19 May 2013 18:12:45 -0400

(Reuters) - Ryder System <R.N), a truck rental and supply chain management company, could see its shares rise as much as 20 percent, according to a Barron's ...

Analysis High speed trading a stiff challenge for U.S. regulators

Sun, 19 May 2013 18:12:42 -0400

CHICAGO (Reuters) - Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown ...

Analysis Little sign Abe can shake up Japans inbound FDI

Sun, 19 May 2013 17:26:56 -0400

By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with ...

Insight Despite curbs Chinas vast hot money triangle flourishes

Sun, 19 May 2013 17:20:52 -0400

ZHUHAI, China/HONG KONG (Reuters) - In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling ...

Exclusive Bangladesh factory banned by Wal-Mart still makes Wrangler shirts

Sun, 19 May 2013 17:20:52 -0400

GAZIPUR, Bangladesh (Reuters) - A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF ...

Reports Yahoo to acquire Tumblr for $1.1B

Sun, 19 May 2013 17:19:32 -0400

YHOO ) may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, California, company's board of directors met Sunday and approved a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer ...

On fleeting Hong Kong trips Chinese make frugal fashionable

Sun, 19 May 2013 17:00:00 -0400

By Donny Kwok and Lavinia Mo HONG KONG | Sun May 19, 2013 5:00pm EDT HONG KONG May 20 (Reuters) - Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour. Wealthy Chinese used to stop over in Hong Kong ...

Yahoos board approves $1.1 billion Tumblr acquisition WSJ

Sun, 19 May 2013 16:54:20 -0400

SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr ...

Gasoline prices at US pumps 11 cents over past 2 weeks

Sun, 19 May 2013 16:52:18 -0400

CAMARILLO, Calif. - The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is $3.98. Diesel held steady at $3.93 gallon. Of the cities surveyed in the Lower 48 states, Tucson, Ariz., has the ...

Ahead of shareholder meeting JPMorgan CEO Dimon is under pressure fighting for chairman job

Sun, 19 May 2013 16:02:36 -0400

NEW YORK - Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs. It's been just more than a year since his bank, JPMorgan Chase, revealed a surprise trading loss that tarnished its usually stellar reputation in Washington and on Wall Street, and what a difference it has made. ...

Central bank watch on Wall St this week

Sun, 19 May 2013 15:29:16 -0400

Wall Street seems destined to push to fresh highs again this week as investors continue to bet on both an improving economic outlook and a solid commitment from the US Federal Reserve to counter any weakness. On Friday, the Dow Jones industrial average rose 0.80 per cent to close at a record 15,354.40, while the Standard & Poor's 500 Index added 0.95 per cent to finish at a record ...

Delta CEO plans to add jobs in NE Minnesota

Sun, 19 May 2013 15:10:20 -0400

Delta Air Lines says he plans to add jobs at the carrier's reservation center in the northeastern Minnesota city of Chisholm. CEO Richard Anderson tells the Mesabi Daily News of Virginia, Minn., ...

TalkTalk extends X Factor deal

Sun, 19 May 2013 15:03:33 -0400

James Arthur performs in The X Factor final in December - the ITV show remains a part of TalkTalk's media strategy. Photograph: Ken Mckay/Rex ...

Star Trek Into Darkness makes $70.6 million over weekend falling short of last movie

Sun, 19 May 2013 14:14:38 -0400

LOS ANGELES - "Star Trek Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.The latest voyage of the starship Enterprise fell short of its predecessor, 2009's "Star Trek," which opened with $75.2 million.Since ...

Marks Spencer under fire over online tax arrangements

Sun, 19 May 2013 14:11:05 -0400

Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing the its sales operation as similar to that of the internet retail giant Amazon.The British retailer has been expanding its online operations to several countries across Europe with a ...

Can Farm Waste Save Biofuels

Sun, 19 May 2013 14:08:56 -0400

Imagine a world where leftover corn, wheat and wood chips can be used to power your car. That's the aim of cellulosic ethanol, a budding sector of the renewable fuel industry that finds itself struggling to reassert itself in a world of renewed popularity for oil and gas. The process aims to transform agriculture waste, most of which would normally be discarded, into a renewable source of ...

Euro Tax To Decimate Pensions Report Says

Sun, 19 May 2013 14:02:28 -0400

The trading of government bonds would be rendered uneconomic and pensioners would find their savings hit under proposals for a Europe-wide financial transactions tax, according to one of the financial sector's most influential trade bodies. In a report to be published on Monday by the Association for Financial Markets in Europe (AFME), the European Commission will be warned that its ...

Debenhams backs fair treatment of models

Sun, 19 May 2013 13:20:27 -0400

models , with the chief executive, Michael Sharp, calling on others to follow suit.The decision to offer fair treatment to the women and men it uses in its advertising comes a month after Vogue also signed the 10-point plan agreed with the models' union Equity.Sharp said: "Fair treatment of everyone who models for us has always been a priority. The code firmly cements our ambition. We ...

Yahoo Agrees to Buy Tumblr Report

Sun, 19 May 2013 13:17:47 -0400

, according to a report in The Wall Street Journal. According to the report, the transaction will be made in all cash. Neither Yahoo nor Tumblr released official statements. A Yahoo spokeswoman, contacted by CNBC, would neither confirm nor deny the ...

Stocks on a roll Yahoo Microsoft stoke appetite

Sun, 19 May 2013 13:12:43 -0400

) is holding an event in New York City on Monday evening, at which many are speculating the company could announce a deal with the social blogging platform Tumblr. Reports surfaced last week that Yahoo CEO Marissa Mayer is said to ...

South Africa Mine Union Submits Demand for Higher Wages

Sun, 19 May 2013 13:05:52 -0400

South Africa's National Union of Mineworkers said Sunday that it had submitted a demand for upcoming gold and coal-sector wage talks, kick-starting what is likely to be a fraught process.The union said it's demanding a 15% wage increase for skilled mine workers and for entry level miners, who work underground and on the surface, to have wages raised to between 7,000 rand and 8,000 rand ...

Tesco clothing brand to expand

Sun, 19 May 2013 12:29:53 -0400

The clothing brand sold by Britain's biggest retailer Tesco said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.F&F, which opened its first franchise store in Saudi Arabia last year, said it would open shops across the Middle East and in Kazakhstan, Georgia, Armenia and Azerbaijan.Up to six stores will be opened this year, with the first ...

BUSINESS Full Page Bankia compensation qualms signal loss of faith in Spains banks

Sun, 19 May 2013 12:27:52 -0400

MADRID - Many duped savers at Spanish lender Bankia are shunning a state-monitored compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system. The disputes over mis-selling at Bankia and other nationalized ...

UK lawmakers consider probe into transparency of mining firms

Sun, 19 May 2013 12:17:48 -0400

LONDON (Reuters) - Britain's parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which lawmakers fear have dented the stock market's ...

RPT-Wall St Week Ahead Correction talk gets old as rally sails along

Sun, 19 May 2013 11:28:14 -0400

Sun May 19, 2013 11:28am EDT By Angela Moon NEW YORK May 19 (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerated in May - the ...

Goldman Sachs Chief Confident Euro will Survive - Report

Sun, 19 May 2013 11:24:18 -0400

The chief executive of Goldman Sachs (GS), Lloyd Blankfein, is confident the euro will survive despite the debt crisis, he said in an interview with newspaper Welt am Sonntag."Naturally we are looking at a very difficult situation, but the euro has always been a political project, and that remains intact," Mr. Blankfein said. "Of course I believe in the euro. The risk that euro ...

Video Work spaces Past and present

Sun, 19 May 2013 11:22:42 -0400

Richard Schlesinger visits Herman Miller, the creator of iconic chairs and furniture, as well as the dreaded work cubicle. So what's in store for the workplace going ...

Analysis Airline emissions deal may not come before EU deadline

Sun, 19 May 2013 10:36:20 -0400

(Reuters) - Hope is fading for a global deal to regulate the airline industry's greenhouse gas emissions ahead of a fall deadline, even though failure could push the industry back to the brink of a trade war over the European Union's emissions trading ...

Analysis Frontier Markets booming but risks mounting

Sun, 19 May 2013 09:46:26 -0400

NEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track ...

German minister calls EU move on China solar grave mistake

Sun, 19 May 2013 09:15:20 -0400

Reuters © Germany's Vice Chancellor and Free Democratic Party (FDP) Chairman Philipp Roesler attends the second day of an extraordinary FDP Party meeting in Nuremberg May 5, 2013. REUTERS/Kai ...

EU ridiculed for banning olive oil jugs from restaurants

Sun, 19 May 2013 09:07:55 -0400

EU bureaucrats have been ridiculed for shifting their focus from fighting the eurozone's debt crisis to impose strict rules on how restaurants serve olive oil.From 1 January eateries will be banned from serving oil to diners in small glass jugs or dipping bowls and forced instead to use pre-sealed, non-refillable bottles that must be disposed of when empty.The European commission said the ...

U.S. job market gains could lead Fed to taper QE3 early

Sun, 19 May 2013 08:55:16 -0400

By Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labour market do not prove fleeting. Much will ...

Greece to sell Postbank Proton in July stress-test big banks

Sun, 19 May 2013 08:54:49 -0400

ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection ...

MARKET SNAPSHOT Stock Rallys Breadth Is A Sign Of Strength Froth

Sun, 19 May 2013 08:52:41 -0400

The S&P 500 Index (SPX) rose 2.1% last week to close at a record of 1,667.47 Friday, its 16th record close this year. Similarly, the Dow Jones Industrial Average (DJI) rose 1.6% on the week to 15,354.40, its 21st record of the year. The major benchmarks, including the Nasdaq Composite (RIXF), have made a nearly unchecked 16%-17% gain for the year.It's not just the indexes that are ...

Stocks to Watch Stocks to watch Campbell Soup Qihoo

Sun, 19 May 2013 08:19:31 -0400

SAN FRANCISCO (MarketWatch) -- Expectations are running high for Campbell Soup going into the food company's earnings report Monday ...

Market Snapshot Stock rally’s breadth is a sign of strength froth

Sun, 19 May 2013 08:19:30 -0400

"The bulls don't have to try too hard because previous bearish forces are adding fuel to the fire, propelling the market higher," Wilkinson ...

Sir Mervyn King dont demonise bankers

Sun, 19 May 2013 08:17:12 -0400

Mervyn King said on Sunday that the failings of the financial and regulatory system were the root cause of the turmoil which struck the world economy almost six years ago.King, who leaves the Bank this summer, told Sky News's Murnaghan programme that there was widespread risk-taking in the runup to ...

Bank of Englands King sends message to successor Carney

Sun, 19 May 2013 08:04:37 -0400

Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, ...

Microsoft to announce new Xbox

Sun, 19 May 2013 08:02:38 -0400

DURANGO, Infinity, 720, whatever the name, it seems clear Microsoft will launch the next generation Xbox console on May 21. It's been nearly eight years since the Xbox 360 was launched and while it's had its ups and downs, there can be no doubt it's one of the most successful game consoles of all time. Microsoft has remained tight lipped on the mere existence of a new console and, ...

Shell Had Lobbied against Tighter Regulation - Report

Sun, 19 May 2013 08:02:22 -0400

Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) last year argued against proposed European rules designed to tighten scrutiny of commodity markets, according to documents obtained by the Sunday Telegraph.Last week, European regulators conducted probes of oil companies, including Shell, BP PLC (BP, BP.LN), and Statoil ASA (STO, STL.OS), as well as Platts, a price-reporting agency. EU ...

EU decision to lift Syrian oil sanctions boosts jihadist groups

Sun, 19 May 2013 07:26:10 -0400

oil sanctions in an effort to aid the opposition has accelerated a scramble for control over wells and pipelines in rebel-held areas and helped consolidate the grip of jihadist groups over the country's key resources.Jabhat al-Nusra, affiliated ...

The Irish Times Timidity in turbulent economic times

Sun, 19 May 2013 07:25:39 -0400

The newspaper was first published on March 29, 1859 on a thrice weekly basis. Daily publication began on June 8, 1859. The current editor of The Irish Times terms his daily publication "a newspaper of reference," in place of the label "newspaper of record," which has been made redundant in the Internet age. However, while the appetite to take on the forces of social ...

Exclusive South Africas NUM seeks 15-60 percent wage hikes from gold coal producers

Sun, 19 May 2013 07:14:18 -0400

JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said on Sunday it would seek pay hikes of up to 60 percent from the country's gold and coal producers in upcoming wage talks which are expected to be among the toughest ...

BoE governor King warns of euro risk to British recovery

Sun, 19 May 2013 06:23:26 -0400

Governor of the Bank of England Mervyn King speaks to employees during the opening of the Prudential Regulation Authority, in central London April 2, ...

BOEs King More Needs to Be Done for U.K. Recovery - TV

Sun, 19 May 2013 06:21:04 -0400

More needs to be done to secure the U.K.'s economic recovery, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. It's only a modest recovery, and we certainly can't be satisfied with it," Mr. King said in excerpts of an interview to be broadcast on Sky News at 0900 GMT.He added policy makers need to do more to drive recovery and ensure idle resources ...

Abuse of women and children – even nice guys are guilty of looking away

Sun, 19 May 2013 05:44:15 -0400

Suzanne Moore leads a phalanx of angry women with a lot to say about the flood of abuse cases, but men have signally failed to rise to the ...

Microsoft to launch new Xbox game console this week

Sun, 19 May 2013 05:32:45 -0400

Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market.Gamers are gravitating to ...

Independent Scotland open to Cyprus-style bank risks says Britain

Sun, 19 May 2013 05:00:37 -0400

Reuters © Scotland's Finance Secretary John Swinney gestures during his draft budget address in the debating chamber of the Scottish Parliament in Edinburgh, Scotland September 20, 2012. REUTERS/David ...

Winning ticket for 590-mln-dollar Powerball jackpot sold in Florida

Sun, 19 May 2013 03:59:57 -0400

The winning ticket was sold at a supermarket in Zephyrhills, Florida. No further details on the lone winner was available. The numbers drawn Saturday were: 10, 13, 14, 22 and 52 with a Powerball number of ...

Kuwait replaces oil officials at KPC after $2.2 billion Dow payment

Sun, 19 May 2013 03:50:21 -0400

KUWAIT (Reuters) - State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co ...

Microsoft holds NGOs Connection Day in Accra

Sun, 19 May 2013 03:10:29 -0400

The event organised on the theme, "Technology for Social Good" was to help NGOs harness the power technology in the delivery of their social ...

Microsoft poised to invest in promising ICT experts in Ghana

Sun, 19 May 2013 03:10:29 -0400

Accra, May 18, GNA - Microsoft is poised to invest in the young and promising Information Communication Technology (ICT) experts who are willing to transform Ghana through the power of ...

Green Deal debt may have to be repaid before property sold

Sun, 19 May 2013 02:21:17 -0400

energy efficiency improvements in their home with no, or little, upfront cost; instead, these are funded by a loan repaid through their electricity bill.Crucially, the "golden rule" of Green Deal is that you should not pay back more in loan repayments than you are saving on your energy bill - but this can mean that, depending on the cost of the improvement, you could be making loan ...

Market to take cues from FIIs inflows corporate earnings

Sun, 19 May 2013 02:03:22 -0400

Fifteen touch-screen smartphones to consider below Rs 15,000 Within the huge list, we take a look at fifteen touch-screen smartphones that have been ...

Weak yen helps drive Japan earnings but no cure-all

Sun, 19 May 2013 01:22:09 -0400

Japan's earnings season has drawn to a close with the sharply weaker yen helping inflate profits at some of the nation's top exporters, but, warn some commentators, the drop is not all good news. Sony booked its first annual profit in five years, Toyota more than tripled its earnings in the fiscal year to March and the head of rival automaker Nissan hailed the taming of the currency. ...

Fed up with ben

Sun, 19 May 2013 00:43:33 -0400

"We don’t have to worry about a recession - we are in a depression," says James Rickards."If you take the classic definition of a sustained, long-term downturn with economic growth below trend, then we are in the midst of a depression," says the senior managing director of Tangent Capital and author of "Currency Wars."Rickards doesn’t see Fed Chairman Ben ...

France Must Take Deficit Cuts Seriously Bundesbank head

Sun, 19 May 2013 00:37:39 -0400

France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on ...

These Cloud Stocks Can Fly Pros

Sun, 19 May 2013 00:37:39 -0400

cloud computing , which allows consumers and businesses to access data and applications anywhere, anytime. "You have to focus on cloud as a tech investor at this point," Ken Allen, technology portfolio manager at T. Rowe Price, told CNBC this week. "It cuts across the industry, across subsectors." Given cloud computing's potential, Wall Street analysts remain bullish on ...