Latest Breaking Business News
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Financial Stocks Bank of America leads financials higher
NEW YORK (MarketWatch) - Financial stocks were up in early trades on Monday, continuing their winning streak ahead of Fed Chief Ben Bernanke's testimony to Congress on ...
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Tech Stocks Yahoo shares edge up after Tumblr deal
SAN FRANCISCO (MarketWatch) -- Yahoo Inc.'s $1.1 billion acquisition of blogging-service operator Tumblr claimed the tech sector's spotlight on Monday, with the deal seen as a potential gamble by Chief Executive Marissa Mayer in her attempts to reinvigorate the one-time Internet ...
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Wall St dips but deals lend support
Deals including Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record highs, a bullish sign for ...
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David Cameron told to stop moralising to multinationals over tax
David Cameron , calling on him to stop "moralising" on how multinational corporations should be taxed.Roger Carr, flanked by some of the country's most powerful global business leaders, trooped into Downing Street on Monday for a 3pm meeting of the prime minister's business advisory group. Around the table were chief executives of the UK ...
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Tesco eyes China JV
Tesco, Britain's largest retailer, plans to establish a joint venture in China, a bid to control its capital expenditure in global expansion, the Financial Times reported Monday. The supermarket chain that came here in 2004 is seeking partners in China for the venture, the report said, citing three sources close to the matter. Analysts said China Resources Company is the most suitable ...
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Local stocks extend run-up following Wall Street rally
Stock markets in Shanghai and Shenzhen carried their recent winning-streak into Monday as Wall Street's rising tide buoyed most A-shares.The benchmark Shanghai Composite Index added 0.75 percent, or 17.12 points, to close at 2,299.99; while the Shenzhen Component Index added 0.66 percent, or 60.87 points, to finish at 9,307.15.The gains came after upbeat US economic data lifted the Dow ...
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Wal-Mart Fattens Up On Poor America With 25 Of U.S. Grocery Sales
in my May 1 blog , sits atop the mountain. But if limits on a family purse trump the desire for fancier and healthy organic and fresh farm items, what choices remain? For most Americans the answer is one of the greatest growth stories in capitalist history, a company whose growth metronomic remains solid in virtually all economic conditions. As they increasingly shop there, they contribute to ...
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Can Best Buys Turnaround Efforts Lift Earnings
Best Buy will announce its Q1 results on May 20. We expect the company to report better year-over-year revenues largely due to its price matching policy. However, margins could come in lower due to aggressive pricing, which will weigh on ...
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Google Microsoft and Yahoo are secret backers behind European Privacy Association
IDG News Service - After being accused of a lack of transparency by an independent watchdog, the European Privacy Association (EPA) has confirmed that Google, Microsoft and Yahoo are backers. The Corporate Europe Observatory (CEO), which works to expose privileged access in E.U. policy making, said in a complaint Thursday that the European Privacy Association is working to represent industry ...
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Citi names new heads of mortgages private bank Citi Holdings
C.N ) Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday ,as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal ...
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Stocks open mixed as investors eye Federal Reserve
CNBC's Jim Cramer explains why Yahoo is "desperate' to become part of the technical "firmament." Stocks were narrowly mixed Monday, as investors seemed to take a breather after major averages finished higher for the fourth-consecutive week and amid ongoing concerns ...
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Wildcat strike hits Mercedes South African plant
DAIGn.DE ) said on Monday workers at its South African assembly plant had gone on an illegal strike at the end of last week but had agreed to resume operations on ...
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U.S. justices rule for PPL Corp in overseas tax case
The court ruled on a unanimous vote that Pennsylvania-based PPL can claim $39 million in U.S. foreign tax credits against a 1997 British windfall ...
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US stocks edge lower
US stocks have edged lower in opening trade amid a flurry of merger and acquisition news, including the Yahoo! takeover of blogging platform ...
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Qihoo 360 Technology up 7 after earnings beat
Critical Alerts For Blackberry, Pandora Media, Green Mountain Coffee Roasters, Barnes & Noble, and Qihoo 360 Technology Released By ...
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Morgan Stanley Selling India Wealth Management Assets
Morgan Stanley (MS) Monday said it will sell its wealth-management business in India to Standard Chartered PLC (STAN.LN) for an undisclosed amount.The deal comes a month after the U.S. investment bank sold its European wealth-management business to Credit Suisse. In November, a senior executive said Morgan Stanley was reviewing its wealth-management business in India because it hadn't grown ...
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CME Halted Silver Trading 4 Times Sunday as Prices Slid 9
Exchange operator CME Group Inc. (CME) said it halted silver trading four times Sunday evening due to highly volatile markets, a spokesman told Dow Jones Newswires.The trading halts came as silver futures slumped 9.4% to a low of $20.250 a troy ounce in the first few minutes following the open of electronic trading on the Comex division of the New York Mercantile Exchange.Silver trading was ...
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Copper Inches Up As Supply Disruptions Offset Demand Worries
Copper futures are slightly higher Monday as traders weigh the supportive impact of supply disruptions against worries that higher property prices in China will force the world's top copper consumer to tighten its monetary policy and curb demand for the metal.The most actively traded contract, for July delivery, was recently up 1 cent, or 0.3%, at $3.3330 a pound on the Comex division of ...
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Group Led by Blackstone Launches Bid for Pactera
A consortium led by U.S. private equity firm Blackstone Group L.P. (BX) has launched a bid for U.S.-listed Chinese outsourcing firm Pactera Technology International Ltd. (PACT) in a deal that values the company at around $662.3 million.The take-private offer by the private equity firm and several company officials values Pactera at $7.50 a share, a 42.5% premium to where the shares closed Friday ...
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Plot Thickens Hedge Fund Owner Gets Subpoenaed
The legal battle surrounding SAC Capital Advisors appears to be ramping up as the U.S. is now considering criminal charges against the embattled hedge fund and has slapped the firm's founder, Steve Cohen, with a subpoena. The developments in the long-running insider-trading probe come after SAC warned investors in a Friday letter that ...
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U.S. stocks little changed after four-week rally
U.S. stocks were little changed, after the Standard & Poor's 500 Index climbed for four straight weeks to an all-time high, as investors weighed corporate acquisitions. Yahoo! Inc. rose 0.5% after agreeing to buy blogging network Tumblr Inc. for about US$1.1-billion. Actavis Inc. rallied 3.1% as it reached a deal to acquire Warner Chilcott Plc. Websense Inc. jumped 29 after agreeing to ...
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Microsofts new Xbox to challenge Apple to Facebook in games
Amazon.com Inc. , which are introducing new software and devices for gaming. Microsoft's updated Xbox will use its Kinect sensor that can recognize faces and movements. The deice will also recommend content based on users' interests. The new Xbox will be in stores by the year's ...
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BRIEF-Citigroup says Fraser to head CitiMortgage
Mon May 20, 2013 10:59am EDT May 20 (Reuters) - Citigroup Inc : * CEO Corbat says Jane Fraser, CEO of private bank, to become CEO of CitiMortgage-memo * CEO Corbat says Francesco Vanni D'archirafi, former head of transaction services business, will become the new CEO of Citi ...
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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 ...
France Featured
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Mutual importance of Sino-Franco relations
China and France, two major regional powers in Asia and Europe respectively, have long had steady economic relations. Cultural ties have seen a disparity, however, which is perhaps due to the recently unsteady diplomatic relations between the two countries. In the last few months though, there has been a significant improve in this area.
France was one of the first western powers to recognize the People’s Republic of China as a legitimate country and established an embassy in the country before Great Britain, Germany or the United States. Since 2008, however, France has found itself often at odds with the emerging superpower, especially over its One China policy. Read more
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