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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Stock Markets Watch Bernanke
Top officials of the U.S. central bank are discussing how much and how soon to reduce their efforts to speed up economic growth. The chairman of the Federal Reserve will report their decisions Wednesday afternoon at 2:30 p.m. Ben Bernanke has previously said the bank will cut stimulus efforts if the unemployment situation improves further or inflation rises strongly. Stock markets have ...
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Senators seek cost cuts for F-35 fighter jet Pentagon says its priciest program improving
WASHINGTON -- Senators sought cost-cutting opportunities Wednesday in the Pentagon's $400 billion program for the next-generation F-35, a fighter jet with a troubled testing record that military leaders said America couldn't afford not to build. Chairing the hearing, Sen. Dick Durbin lamented that the F-35 already has cost taxpayers billions more than what Congress signed up for more ...
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Grand Forks Herald publisher to retire after 35-year career with Pulitzer-winning newspaper
GRAND FORKS, N.D. -- The publisher of North Dakota's Grand Forks Herald plans to retire next year. Mike Jacobs has been with the newspaper for 35 years and has been publisher since 2004. He was the Herald's editor when the newspaper won a Pulitzer Prize for Public Service for its coverage of the 1997 Red River flood. The Herald reports (http://bit.ly/1bVlH7z ) that he plans to step ...
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Israel decides to export 40 percent of its natural gas remainder for local market
JERUSALEM -- Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than expected. The figure, announced by Prime Minister Benjamin Netanyahu on Wednesday, is lower than the 53 percent recommended by an inter-ministerial committee last year. The remainder should provide Israel with enough gas for 25 years. The ...
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Company submits sampling plan pre-application notification for mine to Wis. DNR
MADISON, Wis. -- A company looking to dig a huge iron mine just south of Lake Superior has filed new papers with the Wisconsin Department of Natural Resources outlining a bulk sampling plan and notifying the agency it plans to seek a mining permit. Gogebic Taconite filed the papers Monday. They include a plan that calls for sampling rock from five sites to assess the quality of the iron ...
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Mortgage settlement monitor says banks still falling short on helping struggling homeowners
WASHINGTON -- A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers. Such delays can plunge borrowers deeper in debt. Joseph A. Smith, the independent monitor of last year's national mortgage settlement, said Wednesday that while the banks are doing a better job ...
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Dolce Gabanna designers convicted of $1.3B tax evasion sentenced to 20 months in jail
My son Maddox gets shot in head during 'World War Z,' says Brad Pitt Adults were left terrified at the end of Brad Pitt’s zombie thriller ...
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OECD says Ireland must apply 12.5 corporate tax rate not 2
OECD says Ireland must apply 12.5% corporate tax rate not 2% By Michael Hennigan, Finfacts founder and editor Jun 19, 2013 - 4:48 PM ...
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Microsoft touts Windows 8 apps momentum heading into Build
Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Janet I. ...
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Telecommuters Beware Boss is Watching
Even if you are thousands of miles away from the office and wearing your pajamas, your boss could still be watching you just as closely as if you were sitting in the next cubicle over. Some companies are monitoring employees' every keystroke no matter where they are working, and that's leading to more than just sniffing out who is stealing company secrets. It's also giving some ...
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Cramer Too Many Fed Parlor Games
Stop trying to pick who Ben Bernanke's successor will be and start picking stocks, CNBC's Jim Cramer said Wednesday. "There are too many parlor games," Cramer said of speculation about the next Fed chairman. Instead, Cramer wants to see the market more concerned with individual stocks, adding that a tapering announcement by the Federal Reserve will be a "hiccup" for ...
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Tesla Motors Issues Recall
Tesla Motors said it is recalling 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 because of a defect in the mounting bracket of the rear seat. "This reduces our confidence that the left hand seat back will be properly retained in the event of a crash," Tesla founder and Chief Executive Elon Musk said in a statement on Wednesday posted on the company's ...
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HBO GO and ESPN App Come to Apple TV
Apple TV just got more interesting. The tech giant announced that the HBO GO and WatchESPN applications are now available on its Apple TV platform. However, to use both apps on the Apple TV platform, users must already have a subscription to the services via their cable service ...
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Banks Eye Fed Decision on Rates
David Trone, JMP Securities analyst, and Jason Goldberg, Barclays analyst, explain how the Fed's decision on interest rates will impact the financial ...
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Fed Matters I Cant See Clearly Now
CNBC's Steve Liesman takes a look at whether a new era of transparency at the Fed really has made things clearer. Jeffrey Kleintop, LPL Financial, and Jim Dunigan, PNC Wealth Management, weigh in on the Fed's next move and whether it's time for ...
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What the Fed Justin Bieber Have in Common
Neil Irwin, Washington Post economics columnist, explains why he thinks our obsession with the Fed is synonymous to a teenager's obsession with idol Justin ...
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FedEx Trades Higher After Q4 Earnings Beat
Shares of the economic bellwether are up after its earnings beat but revenue miss. Brandon Oglenski, Barclays analyst, and Christian Wetherbee, Citi analyst, break down the results and provide a play on the transportation ...
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President Obama Speaks in Germany
President Obama, speaking in Berlin, proposes deep cuts to America's nuclear weapons and addressed the NSA surveillance program. He also discussed Ben Bernanke, reports CNBC's John ...
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BlackBerry shares fall as analyst downgrades stock ahead of earnings
TORONTO (Reuters) - BlackBerry shares fell nearly 4 percent on Tuesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next ...
Scotland Feature
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Scotland's waterways seeing revival
Scotland’s waterways, the canals used to transport bulky goods and vast quantities of coal in the days before the development of the railways, are of great significance in terms of their role in the development of the country, new projects are making sure they remain so.
Scotland recently began investing heavily in its canal system with the introduction of the Millennium Link, a project to restore the Union Canal and Forth and Clyde Canals for use by recreational boaters, tourists and to encourage investment in the tourism, retail and commercial sectors. Read more
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