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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Earnings Watch Updates advisories and surprises
+1.09% reported its fourth-quarter profit fell to $303 million, or 95 cents a share, from $550 million, or $1.73 a share, a year earlier. Earnings adjusted for business realignment and an aircraft impairment charge were $679 million, or $2.13 a share, compared with $634 million, or $1.99 a share in 2013. Revenue rose to $11.4 billion, from $11 billion a year earlier, the shipping company said ...
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G8s tough talk on tax avoidance must not ring hollow | Kevin Watkins
G8 leaders and EU delegates at the summit in Lough Erne, Northern Ireland, which has produced a communique on tax evasion. Photograph: Matt Cardy/Getty ...
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Diet Coke man Andrew Cooper on the return of the iconic TV advert - Cannes Lions 2013 video
Cannes Lions International Festival of Creativity to discuss the enduring appeal of the ad's concept on the 30th anniversary of the product's launch. Matthew Charlton of BETC London who produced the ad, says the video is already a social media ...
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BT chief executive exits to become trade minister
Lord Green , who has served as a minister since early 2011 and is approaching retirement.The son of a Glasgow GP, Livingston's talent was spotted early by the Dixons chairman Sir Stanley Kalms, who made Livingston the youngest FTSE 100 finance director at the age of 32. He joined BT in the same role, before becoming chief executive in June 2008 at the age of 43.Having transformed the former ...
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FedEx Sends Wall Street A Surprise $679M Q4 Profit Beats Expectations
(Photo credit: erikleenaars) FedEx made a surprise delivery today, reporting quarterly figures that easily beat expectations. The company earned $303 million, 95 cents a shares, in its fiscal fourth quarter, compared to $550 million, $1.73 a share, a year earlier. Excluding one-time items, FedEx made $679 million, $2.13 a share. That's considerably more than analysts' projection for ...
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FedEx Earnings Blow Past Estimates
FedEx posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices.FedEx, considered an economic bellwether because of the massive volume of goods it moves across the world, had net income of $303 million, or 95 cents a share for its fourth quarter ended May 31, compared with $550 million or $1.73 a share a year ...
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Money for a Squirrel Census Nuts
GoFundMe have become the go-to resource for projects as diverse as starting a business, turning an invention into reality or funding a personal goal or need.Talked-about tech--including the Pebble smartwatch and the vibrating HAPIfork--got a start on crowdfunding sites, and after the Boston Marathon bombings, friends and family of victims used such sites to raise money to help with medical ...
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QE Infinity Now 6 Months Economists
Why Fed Taper Means Tighten in Markets ) "The shift in QE forever to QE for a finite period of time is the thing" the markets are focusing on, agreed Jeff Knight, head of global asset allocation at Columbia Management with $58 billion under management. "Primarily the quantitative easing has had [more of] a financial market impact than a real economy impact." Silvia said the ...
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Working from home Boss may still be peeking over your shoulder
bout 13.4 million people, or about 9.5 percent of workers, were working home at least some of the time in 2010. That's up from about 9.2 million workers in 1997. 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' ...
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Twist-off wine cork may make corkscrews obsolete
research project developed this, a twist off wind cork that could make corkscrews obsolete. it's easy to use. developers hope it's something that wineries might start using soon. i don't know, what do you guys think of ...
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Stock futures hold recent gains as Fed statement looms
NEW YORK (Reuters) - Stock futures were little changed on Wednesday following two days of gains ahead of a highly anticipated Federal Reserve statement and news ...
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Tesla recalls some Model S vehicles due to seat-mount defect
Tesla Motors CEO Elon Musk speaks next to the company's newest Model S during the Model S Beta Event held at the Tesla factory in Fremont, California October 1, ...
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FedEx posts higher than expected profit
Handlers scan and affix a courier route label onto packages moving down the belt at the Marina Del Rey, California FedEx station December 12, ...
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Bank of England still divided flags market impact of Fed uncertainty
LONDON (Reuters) - Bank of England policymakers acknowledged earlier this month that further market volatility could be on the way because of uncertainty about the direction of U.S. monetary policy, but came no closer to shifting their own ...
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Commerzbank to cut around 3000 jobs by 2016 trade union
The trade union was negotiating job cuts in Germany. The 3,000 cuts do not include staff reductions at Hypothekenbank Frankfurt, a unit formerly known as ...
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Mortgage Applications Skid as Interest Rates Jump
Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday. Rates climbed 2 basis points to average 4.17 in the week ended June 14, according to the Mortgage Bankers Association. It was the highest level since March of last year. After hovering around record lows, rates have ...
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European Markets Steady Ahead of Fed
European shares were up by mid-session on Wednesday in light and volatile trade as investors looked to the U.S. Federal Reserve for clues on the duration of its equity-friendly stimulus programme. The possibility the Fed could scale back its bond purchases has spooked global equity markets in recent weeks and, as news of such a move was not expected from the meeting which ends late on ...
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Softbank Inches Closer to Acquiring Sprint
TOKYO/NEW YORK – Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week. SoftBank Chief Executive Masayoshi Son is now a step closer to sealing the largest overseas acquisition by a Japanese company in history, after ...
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Fed Looms Large But No Action Expected
WASHINGTON – Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve. Economic data since the 19 officials met in May has been mixed. Employment growth was steady and consumers kept spending ...
New Hampshire Featured
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Memorial Bridge is falling down, falling down
The Memorial Bridge linking New Hampshire and Maine is a historical landmark, its been there for over 80 years, but the bridge is old and in this age of recession, expensive repair work versus more valuable replacement may soon see the structure razed and replaced.
The Memorial Bridge that links Portsmouth in New Hampshire to Kittery in Maine is ageing. The through truss lift bridge is over 80 years old and has begun to feel its age in recent years, on the 16th of October, 2009 state authorities issued an emergency closure of the bridge due to essential repairs that were needed and its weight limit has steadily been reduced over the last year or so. Read more
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