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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Hewlett-Packard moves printer PC executive Bradley into new job
on Tuesday named Todd Bradley, the head of its largest unit, printing and personal computers, to take on the new job of improving the company's China business and extending distribution partner relationships around the world.Bradley, who was among the people considered for the chief executive post after the ouster of Mark Hurd in 2010, will also work with CEO Meg Whitman to identify ...
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Microsoft says it freed millions of computers from criminal botnet
Reuters © People visit the Microsoft booth at the 2013 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 4, 2013. REUTERS/Pichi ...
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Survey CRE professionals still leery about recovery
Commercial real estate folks are just a tiny bit hesitant to call the recent recovery a hearty one in their business. That, according to the seventh semi-annual Minnesota Commercial Real Estate Survey, which was released by the University of St. Thomas' Shenehon Center for Real Estate on Tuesday. The results, tallied from a group of 50 CRE experts locally who work in development, finance ...
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Fallon loses Cadillac account
Minneapolis ad agency and the iconic American luxury vehicle maker have parted ways after a nearly three-year relationship when Cadillac decided to go in a different marketing ...
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Coca-Cola Leveraging Social To Drive Leadership in Social Media Marketing
Coca-Cola.FM and live-streaming music events, Coca-Cola has shown the world how revolutionary they can be and how this type of marketing evokes emotional, long-lasting customer engagement. ...
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‘Full-Speed Ahead’ Before Fed Meeting
S&P 500 appears poised to post gains, StockMonster's Guy Adami said Tuesday. "I don't think there's going to be any taper talk at all," he said. "They've come this far, the Fed, why would they back off now? So, I think it's going to be full-speed ahead. Technically, the market's intact. I think we make a push up to that 1,687 level." On ...
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Obama ‘Essentially Fired’ Bernanke Meyer
President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer ...
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Google Puts Consumers at Risk AGs Say
Google to change the way its search engine displays results. Mississippi Attorney General Jim Hood hasn't filed any charges against the search giant,but he has accused Google of helping facilitate the sale of illegal goods--from prescriptions to counterfeit music. Frustrated with the company's inaction, Hood announced on Tuesday that he will subpoena Google's business records to ...
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In praise of older workers Carlos Slim
Mexican tycoon Carlos Slim, among the richest people in the world with a fortune of $73 billion, says that workers in developed countries reach their prime at 60. Billionaire Carlos Slim, age 73, says workers--those in developed economies, anyway--are at their prime in their 60s and there is no reason for them to retire. "When you have an industrial economy like in the past where ...
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FBR Co. CEO Higher Rates May Slow US Growth
Are mergers & acquisitions ready to take off? Richard Hendrix, FBR & Co. chairman and CEO, explains why there will need to be different valuation and growth environments before private equity firms will get more ...
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CNBC Fed Survey When Will Fed Taper
CNBC's Steve Liesman discusses the results of the latest CNBC Fed Survey; and what impact tapering QE might have on the economy, with David Jones, DMJ Advisors, and CNBC's Rick ...
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Stocks close higher as all eyes focus on Fed meeting
2 hours ago The Dow soared nearly one percent on Tuesday, as the Federal Reserve kicked off a two-day meeting to discuss the future of the central bank's bond-buying program."All eyes are on the Fed," said John Fox, co-manager of the FAM Value Fund. "Economic news has been fine and continues the trend that we've been on, but tomorrow's going to have much bigger ...
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Chrysler backs down agrees to recall 2.7 million older-model Jeeps
3 hours ago After a public disagreement that threatened to blow up into a larger battle, Chrysler said Tuesday that it agreed to recall 2.7 million Jeep vehicles that a government safety watchdog said could potentially erupt into fire if rear-ended.Chrysler had been expected to file papers Tuesday refusing to comply with a National Highway Traffic Safety Administration's voluntary recall ...
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Exclusive SunGard explores $2 billion data unit sale - sources
NEW YORK (Reuters) - SunGard Data Systems Inc, the computer software maker that was taken private in 2005 for $11.4 billion, is exploring a sale of its data managing operations that could fetch up to $2 billion, several people familiar with the matter said on ...
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Google challenges surveillance court on First Amendment grounds
SEATTLE (Reuters) - Google Inc asked the U.S. Foreign Intelligence Surveillance Court on Tuesday to allow it to publish aggregate numbers of national security requests it receives separately from criminal requests, on First Amendment ...
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Adobe profit beats as Creative Cloud subscriptions soar
Shantanu Narayen, president and chief executive officer of Adobe Systems Inc., speaks during the Reuters Global Technology, Media and Telecom Summit in New York May 21, ...
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US stocks surge ahead of Fed decision
US stocks have risen decisively as investors bet the Federal Reserve will stay the course the next day on its economic stimulus ...
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Precious Metals Struggle as Inflation Numbers Remain Weak
SLV ) futures for July decreased 8 cents to finish at $21.68.Both precious metals declined as government inflation numbers continue to remain weak. The latest consumer price index report, released by the U.S. Bureau of Labor Statistics, showed an increase in the average price of goods and ...
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Behind Valeant’s US$1.75-billion common shares offering
At regular intervals, a transaction comes along that shows no matter how often reference is made to the North American capital markets, the reality is there are two: theirs and ours. A planned US$1.75-billion offering of common shares by Valeant Pharmaceuticals International, a Canadian-headquartered company whose shares are listed on both the TSX and the NYSE, is the latest example that ...
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USDA to spend $38M to support sugar prices
The U.S. government will intervene in the sugar market for the first time in more than a decade, spending up to $38 million in an effort to forestall a later bailout of sugar producers -- including those in Minnesota -- that could cost over $300 ...
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