Latest Breaking Business News
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Appeals court directs Ex-Im Bank to explain rationale for loan guarantee to Air India
WASHINGTON - A U.S. appeals court has upheld a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Indian state-owned carrier Air India in a legal challenge brought by Delta Air Lines to the loan guarantee. The court has however directed the government-run bank to better explain its rationale for providing loan guarantee, which Delta claimed as a ...
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Google renews efforts wipe out child porn images from internet
LONDON - Internet giant Google said it is spending $5 million to wipe images of child abuse off the Internet and another $2 million to create tools to find the images and eradicate them. "We're in the business of making information widely available, but there's certain 'information' that should never be created or found," wrote Jacqueline Fuller, director of Google Giving, in a blog post. ...
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GSK negotiating sale of thrombosis drug and plant to Aspen
DURBAN / LONDON - South Africa's biggest generic drug maker Aspen Pharmacare and its subsidiary Aspen Global Incorporated have made an offer to acquire thrombosis drugs and their associated manufacturing site at Notre Dame de Bondeville, France, from GlaxoSmithKline (GSK). "AGI will acquire from GSK the Arixtra and Fraxiparine/Fraxodi brands and business worldwide, except in China, Pakistan ...
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Carbon trading to begin in Shenzhen in bid to cut emission
BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...
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Rise in transportation costs push up UK inflation to 2.7pc
LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...
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Yahoo follows Facebook and Microsoft in publishing US govt sought snoop data
Internet corporation Yahoo has followed the league of technological companies in publishing reports about 'snoop data' requests made by the US government. According to the Guardian, Yahoo has revealed that it had received 12,000-13,000 requests, inclusive of criminal, Foreign Intelligence Surveillance Act (FISA), and other requests by the government between 1 December 2012 and 31 May ...
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George Osborne to outline plan for RBS Lloyds
The fate of Britain's two state-controlled banks will become clearer today, with the country’s finance minister George Osborne likely to start the clock ticking for the sale of the government's stakes. Britain's previous government pumped £66bn of public money into Royal Bank of Scotland and Lloyds Banking Group in 2008 to save them from collapse at the height of the ...
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Metals Stocks Gold extends losses as Bernanke update nears
LOS ANGELES (MarketWatch) -- Gold futures fell Wednesday, remaining near one-month lows as the market braced for possible indication by the U.S. Federal Reserve that it will pull back the pace of monetary ...
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Federal Reserve meeting dominates the markets - eurozone crisis live
After weeks of anticipation, Federal Reserve chairman Ben Bernanke will speak about the US stimulus package tonight. Photograph: Manuel Balce ...
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First-rate customer care is key to making your business a success
Customers are the most important asset to your business and looking after them is essential to your success. All businesses, whatever their size, should have a carefully considered customer care plan and treat it as a core value. This means bearing your customers or clients in mind when making decisions and ensuring that they have positive experiences when dealing with your company.Offering ...
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Would the threat of jail be enough to end bankers reckless behaviour
Jail threat for reckless bankers to help clean up system Commission led by Andrew Tyrie recommends jailing bankers for 'reckless misconduct' and enforcing a wait for ...
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Deloitte banned from Wall Street consultancy work
The state of New York announced on Tuesday, that Deloitte, a Big 4 accounting firm, has been banned for a year from accepting Wall Street consultancy work - - in effect from hundreds of financial institutions in New York City and fined $10m for "misconduct, violations of law, and lack of autonomy during its consulting work at Standard Chartered on anti-money laundering ...
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Smithfield CEO could make about $46.6 million from Shuanghui deal
SFD.N ) Chief Executive Larry Pope could receive nearly $46.6 million in merger-related payments as part of a planned takeover by China's Shuanghui International, a securities filing ...
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Asian markets tense before Fed Nikkei outperforms
"It's merely a technical rebound," said Mitsushige Akino, chief fund manager at Ichiyoshi Asset Management. He said that with the market still vulnerable to selling, "most investors want to see the outcome before they take long ...
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UPDATE 1-HM earnings down more than expected in second quarter
Wed Jun 19, 2013 2:47am EDT * March-May pretax 6.1 bln SEK vs consensus 6.3 bln * Gross margin 61.1 pct, matching consensus * Says June 1-17 local-currency sales +17 pct * Inventories higher than planned end-Q2 * Says situation challenging in many big markets (Adds detail, background) STOCKHOLM, June 19 (Reuters) - H&M, the world's second-largest fashion retailer, posted a bigger than ...
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Bankroller to roll film
Legendary Entertainment, the company that financed "Man of Steel" and the "Dark Knight" movies, is talking to "everybody" in Hollywood about a new production alliance, including incumbent Warner Bros. The company, led by founder and Chief Executive Officer Thomas Tull, expects to reach a decision in 60 days, the CEO said yesterday in a meeting with reporters. The ...
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Rupert Murdochs hived-off newspaper company makes ASX debut
News Corporation’s split into two companies resulted in a debut share price of $15 for its publishing division, which encompasses many of Australia’s newspapers, but it began falling almost immediately. The media corporation has divided into New News Corp (NNC) and 21st Century Fox, with the latter still trading as News Corporation (NWS). NNC was valued at $15.00 per share as it ...
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Bankers guilty of reckless misconduct should be jailed -- UK report
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 ...
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US Treasury Secretary Upgrades Signature
US Treasury Secretary Jacob Lew has upgraded his famously squiggly signature. Mr Lew's new John Hancock - which will be stamped on all newly printed paper bills - was unveiled by the Treasury Department on Tuesday. It is a marked improvement from the loopy scribble made public a few months ago when he took the post in President Barack Obama's ...
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US intelligence director defends surveillance program says plot against Wall Street thwarted
WASHINGTON - The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence led by lawmakers sympathetic to the spying. The House Intelligence Committee hearing provided a venue for officials to defend the once-secret ...
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Fed seen keeping options open on pace of bond buying
Reuters © Federal Reserve Board Chairman Ben Bernanke testifies before the Joint Economic Committee in Washington in this May 22, 2013 file photo. REUTERS/Gary ...
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‘Candy’ is dandy IPO at hand-y
The UK-based makers of "Candy Crush Saga" are reportedly planning a sweet deal for investors.King, the online gaming company also known as Midasplayer, has hired bankers and is planning a US public offering, according to a report.The price and timing of the offering have not been determined.The London company has 70 million daily users and its "Candy Crush Saga" is the most ...
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Sotheby’s auctions off its headquarters
Going once, going twice, sold - and leased back. At least that’s the plan, we’ve learned, for Sotheby’s current Upper East Side world headquarters. We hear investment sales ...
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Dish exits Sprint for Clearwire
Charlie Ergen’s Dish Network said yesterday it would abandon its pursuit of wireless provider Sprint and instead focus on a tender offer for Clearwire. Dish said that it wouldn’t make last night’s deadline to submit a revised offer for Sprint, leaving Japan’s SoftBank as the lone contender to acquire the mobile carrier. That means can Sprint go ahead with a June 25 vote ...
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Stars light up Eden Roc terrace
Proving that Madison Avenue still has much to roar about, the hottest party of the Cannes Lions festival went off in style last night at the Hotel du Cap Eden Roc in Antibes. Stars of the advertising and media industry mingled at sunset on the hotel terrace before being treated to a performance by Michael Buble and the band Fun. The MediaLink and Clear Channel VIP dinner included co-host ...
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