Latest Breaking Business News
RSS-
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 ...
-
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. ...
-
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 ...
More Breaking Business News
RSS-
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 ...
-
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 ...
-
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 ...
-
Atul Singh Coca-Colas new deputy president Pacific Group
New Delhi, June 19 : Atul Singh, Coca-Cola's president and CEO (India and Southwest Asia), will take over as deputy president (Pacific Group) from July 1, the company said ...
-
Supreme court quashes Iran bank sanctions and criticises secret hearings
Supreme court president, Lord Neuberger, said: 'Having held a closed hearing, it turned out that there had been no point in the supreme court seeing the closed judgment.' Photograph: David Levene for the ...
-
Ed Balls calls for reform to curb bankers recklessness – video
The shadow chancellor, Ed Balls, says a report on banking standards shows the sector needs to change to dissuade bankers from 'reckless misconduct'. The report by the parliamentary commission on banking standards, suggests a new law to jail careless bankers and a 10-year delay on receiving ...
-
AstraZeneca suffers diabetes drug disappointment
has suffered another drug trial setback.Its diabetes drug Onglyza, developed with Bristol-Myers Squibb, failed to reduce heart risks or strokes in a large scale clinical trial. Despite investor hopes, the Savor trial showed the drug was no better than placebo or standard treatments.Panmure Gordon analyst Savvas Neophytou issued a hold recommendation on the shares, which have dipped 2.5p to ...
-
Ocado climbs on talk of possible interest from Amazon
reports that Boots and Amazon may be interested in Ocado.The Amazon suggestion, which is not completely out of the blue, comes from Cantor Fitzgerald. US analyst Youssef Squali said Amazon should buy Ocado, or at least consider a joint venture, as it begins its food delivery service in the US.Ocado's shares, which have been on the rise in recent months, have added another 2.7p to ...
-
Markets Markets wait for Federal Reserve policy meeting
Conall Mac Coille, chief economist Davy, commented -- "US indices rose on Tuesday, benefitting from a rebound in housing starts to 914,000 in June. The S&P500 rose 0.8%. But a rise in the German ZEW investor sentiment was not sufficient to buoy European markets - the Euro Stoxx 50 fell 0.1%. Ahead of the Fed's policy decision this evening, the minutes of the Bank of ...
-
Microsoft Samsung HP join to stop Windows piracy
IDG News Service - Hewlett-Packard and Samsung Electronics will now ensure that their PCs in China are installed with licensed Windows and Office software as part of new agreements signed with Microsoft meant to fight ...
-
The Real Reason Fed Will Taper Pro
Noted Nomura bear Bob Janjuah believes he knows the reason why the Federal Reserve will begin pulling back its easing program, and it's not about unemployment, inflation or anything else directly related to the economy. Instead, he believes the central bank is worried that it is creating an asset bubble that will only get worse if it keeps following the current ...
-
Fed Likely to Keep Options Open on Bond Buying
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 despite the drag of tax ...
-
IRS to Pay $70 Million in Bonuses
The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator. Sen. Chuck Grassley of Iowa says his office has learned that the IRS is executing an agreement with the employees' union on Wednesday to pay the bonuses. ...
-
Should Reckless Bankers Go to Jail
The UK parliamentary banking standards report calls for jailing reckless senior bankers and handing regulators the power to claw back bonuses. Helia Ebrahimi has ...
-
DuckDuckGo Gets Boost from NSA Scandal
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes ...
-
Bernankes Decision Likely Data Driven Expert
Catherine Mann, Brandeis International Business School, and Julia Coronado, BNP Paribas, share their perspective on what will likely be revealed from today's FOMC minutes, and the future of the Fed's bond-buying ...
-
Global Markets Europe Higher in Choppy Trade
CNBC's Ross Westgate reports on all the market moving events from Europe, as investors await the Fed's policy statement following its two-day ...
-
Google putting consumers at risk state AGs say
Google is being accused of "assisting in the sale of prescription drugs without a prescription and intentionally ignoring reports of rogue pirate sites selling stolen music, movies, software and video ...
-
Chinese Go On UK Luxury Spending Spree
A Chinese conglomerate is to spend 1bn to buy British yacht maker Sunseeker and develop an upmarket London hotel. Dalian Wanda Group is taking a 91.8% stake in Sunseeker for £320m. The yacht builder, which employs 2,300 staff in Dorset, has been told its base in Poole and the workforce will be retained. Management are to purchase the remaining ...
-
Chancellor Orders RBS To Accelerate US Sale
George Osborne is putting pressure on Royal Bank of Scotland (RBS) to accelerate its exit from the US retail banking market, Sky News understands. People familiar with discussions between the RBS board and the Chancellor say he has urged the bank in recent weeks to accelerate a stock market flotation of Citizens, one of the largest retail banks in the US, which has been pencilled in for ...
-
HM says new collections selling well
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once ...
-
Chinas Wanda aims to launch $1 billion NY hotel project this year chairman
Wang Jianlin, chairman of Dalian Wanda Group, poses for a photo during an interview at his office in the company's headquarters in Beijing December 3, ...
Looking at El Salvador
-
El Salvadorian village getting outside help with water needs
A non-profit organization, the Minnesota State Mankato chapter of Engineers Without Borders (EWB) has set their sights on El Salvador and will be travelling to a small village in Piedras Azules to help the local community with their water access needs.
The problem is that in the village in Piedras Azules there is just one water source with unreliable water access as the water table changes depending on the time of year and the weather. This leads to long queues at the well, with some residents sometimes waking up at midnight to beat the water rush. Read more
News from around our Network
