Latest Breaking Business News
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Workers demand more action from Italian government
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 ...
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Americans find happiness in household wealth
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 ...
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Construction begins on new island off Jumeirah Beach in Dubai
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 ...
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Hackers take on Financial Times web site
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 ...
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Digital world creeps up on Target
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 ...
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Hackers get into important Saudi websites
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 ...
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At the open Wall St starts lower after record highs
U.S. stocks dipped in early trading on Monday, with investors scrambling for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains Friday.Deals including Yahoo Inc.'s $1.1-billion (U.S.) bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record highs, a bullish sign for ...
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Minnesota drivers paying highest average gas prices in Lower 48
Minnesota drivers are paying the highest gas prices in the 48 contiguous states, with the average price statewide running at $4.27 per ...
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Stock prices are mixed investors wait on the Fed as indexes hold close to record levels
NEW YORK - Stocks were mixed in early trading on Wall Street after investors pushed indexes to record levels Friday. Investors will be watching the Federal Reserve this week for clues about what its plans to do next with its economic stimulus program. On Wednesday Federal Reserve Chairman Ben Bernanke will appear before Congress and the central bank will release minutes of its most recent ...
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Seamless and Grubhub set to combine forces
CHICAGO - Seamless North America and GrubHub say they're combining to create an online food ordering service covering more than 20,000 restaurants in 500 cities across the U.S.Financial terms were not disclosed. Matt Maloney, GrubHub's co-founder and CEO, will become CEO of the combined company. Seamless CEO Jonathan Zabusky will serve as president.Brian McAndrews, an independent ...
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Stocks open slightly lower on Wall Street
NEW YORK -- Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains.The Dow Jones industrial average fell 21 points to 15,332 shortly after the opening bell Monday, a loss of 0.1 percent.The Standard & Poor's 500 index was off a point at 1,665, or 0.1 percent. The Nasdaq composite fell less than a point to 3,498, or less than ...
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Bond Report Treasurys rise as investors jump into fray
NEW YORK (MarketWatch) -- Treasury prices moved higher Monday, as investors used a familiar yield threshold to jump into the market after three weeks of ...
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Market Snapshot U.S. stocks waver deal news Fed in focus
NEW YORK (MarketWatch) -- U.S. stocks wavered on Monday after surging to record highs last week, with Yahoo Inc.'s acquisition of Tumblr and other deal news dominating investor ...
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Wall St set to dip after records
New York - U.S. stocks were set to dip at the open on Monday as investors search for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains ...
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All rosy in the garden for Eden Research as EU approves key product
about EU approval for its key product.And it has duly arrived. The Aim-listed agrochemical company said that the three active substances in its lead product 3AEY had been approved by the European Commission for use in plant protection. Eden's products use environmentally friendly agrochemicals to kill bugs. In particular 3AEY treats botytis which is a fungal disease causing mould on fruit ...
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Five Things To Watch For During Microsofts Xbox Announcement Tomorrow
At 10 AM PDT tomorrow, Microsoft will announce its next generation Xbox mere weeks ahead of E3, where such a reveal would normally take place. It's an effort to get on equal footing with Sony, who premiered the PS4 months ago, and presumably there's so much to talk about with each system, that two full-length presentations still probably won't be enough. Look for plenty of ...
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Markets Elan tries to assure market that its more than shell operation
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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Farm Troubles We Face a Grim Future
Jim Schriver has been farming since he graduated from Ohio State University in 1963. The 72-year-old grandfather of two grows corn, soybeans and livestock on his 1,600-acre farm in north central Indiana. Like most farmers, Schriver has dealt with drought, freezing temperatures and the uncertainty that comes with toiling in the fields.But Schriver says he's worried about a new threat to his ...
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Top Court to Hear Whistleblower Case
In a case involving whistleblowers at Fidelity Investments, the Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as those who work for publicly traded companies.Two Fidelity whistleblowers asked the court to decide whether the Sarbanes-Oxley Act provision that prevents employers from retaliating against whistleblowers ...
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Tech stocks Yahoo Microsoft on front burner
Technology companies, many of which are in the Nasdaq 100, will be the focus of a lot of investor attention today and throughout the week. The biggest news this week in tech stock is Yahoo's $1.1 ...
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Whats Leading Markets to New Heights
Thomas Lee, Chief U.S. Equity Strategist at JPMorgan, discusses whether the markets have room to run, and explains why he believes the tech, health care and financials sectors are cheap ...
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Sen. Gregg Gets New Gig
Former Sen. Judd Gregg, (R-NH), discusses his new job as president & CEO at the Securities Industry and Financial Markets Association, better known as ...
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Detroit roars back after years of quality issues
Detroit automakers such as Chrysler are enjoying improved reviews and ratings -- a sign that Motor City may be catching up with imports. Isaac Davis, a salesman from the Detroit suburb of Southfield says he would love to buy a car from his home state. "But," he lamented, "I just don't think the quality is there."Davis isn't alone. In recent decades, millions of ...
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Lebenthal With QE3 Investor Exit Strategy
Alexandra Lebenthal, President and CEO of Lebenthal & Co, provides a strategy for investors to bank profits when the Fed begins winding down its bond-buying ...
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IRS Scandal Continues to Pressure White House
U.S. lawmakers are getting ready for a second week of scrutinizing the circumstances surrounding the IRS targeting of conservative groups, reports CNBC's John ...
Nevada Digest
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Veer Towers showcase Nevada spirit
The Veer Towers represent Nevada’s contribution to the world of modern design and architecture and a trend that has emerged out of places like Dubai to push the boundaries of construction.
Nevada’s skyline or the skyline of Las Vegas at least, has more in common with the skylines of Dubai or Macau than the rest of the United States. The gleaming modern casinos and skyscrapers, the glittering lights of The Strip, the flashing neon signs of various hotel-casino resorts, these are the quintessential images of the city and they’re the perceptions that market the state throughout the US and indeed the world. The newly developed Veer Towers are no different, although their design certainly is. Read more
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