Latest Breaking Business News
RSS-
Analysis Shrinking deficit reduces pressure for budget deal
WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be ...
-
Insight The road to a greener America is littered with road-kill
Apart from the relative success of Tesla Motors Inc in putting nearly 10,000 of its pricey luxury electric cars on the road, the electric vehicle sector has been among the biggest duds in clean ...
-
Expectations high for Microsofts next Xbox game system
In this June 18, 2012 photo, Microsoft CEO Steve Ballmer comments on Microsoft Xbox before unveiling its new Surface. With the next Xbox expected to finally be revealed Tuesday at Microsoft's headquarters in Redmond, Wash., anticipation for what the company is planning for the next iteration of its gaming console is higher than Master Chief's last spaceship. (Damian ...
More Breaking Business News
RSS-
PRESS DIGEST - Wall Street Journal - May 20
Mon May 20, 2013 1:38am EDT May 20 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * New York's top financial regulator subpoenaed a handful of Wall Street investment firms about their entries into a corner of the insurance industry that guarantees steady payments to hundreds of thousands ...
-
New Xbox will be star of show at Microsoft event
The video-game industry’s health meter is blinking red, and its ammo belt is nearly depleted. Industry players are crawling through the darkness, frantically looking for first-aid kits and new weapons to get back into the action. Down one path a pulsing green light beckons, promising resuscitation, new capabilities and another round of fun. The light is coming from Redmond, where on ...
-
SAC Capitals Cohen gets subpoena to testify NY Times
Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, responds to a question during a one-on-one interview session at the SkyBridge Alternatives (SALT) Conference in Las Vegas, Nevada May 11, ...
-
A Look Ahead This Weeks ETFs to Watch
Sell in May and go away? Try again next year. After last week's gains, the S&P 500 is sitting on a 4.4 percent gain for the month heading into Monday's trading session. The benchmark U.S. index now resides less than 40 points away from the lofty 1,700 level. Indeed, this rally has plenty of critics, but talk from the naysayers has proven to be cheap and, more importantly, wrong. In ...
-
Insight The fight for North Dakotas fracking-water market
WATFORD CITY, North Dakota (Reuters) - In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for ...
-
Analysis At margins of shale oil boom a tempered euphoria
HOUSTON/NEW YORK (Reuters) - For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced to secure space in new pipelines to get their crude to ...
-
Dreamliner Back in Action After Hiatus
United Airlines 787 will fly from Houston to Chicago Monday morning carrying more than 250 passengers including the CEO's of United and Boeing. Given the massive amount negative publicity, including video of one Dreamliner with smoke drifting out of it in January, there are many wondering if people will be afraid to fly the plane. "There may be some who are concerned about flying on ...
-
Should You Pay Off Your Exs Debt
and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks. In other words, divorces can get messy -- sometimes really messy -- and it should come as no surprise that money is often at the root of the problem. Getting through the divorce is hard enough, but the money problems don't always end when the papers are signed. In fact, joint ...
-
Stem cell tech may help mitochondrial disease
production of genetically matched human embryonic stem cells holds potential for treating mitochondrial disease, because the matching is not precise. Somatic cell nuclear transfer, the method that produced Dolly the sheep, duplicates nuclear DNA from the donor nucleus, but not the mitochondria, which are those of the egg cell receiving the ...
-
Japanese Market Trades Higher On Wall Street Lead Weaker Yen
The Japanese stock market hit a new five-and-a-half year high on Monday, buoyed by Wall Street's gains on Friday and a weaker yen.In late-morning trades, the benchmark Nikkei 225 Index is trading at 15,323.49, up 185.37 or 1.22 percent, after climbing to 15,297.73, the highest intraday level since December 28, 2007.In the banking space, Mitsubishi UFJ Financial (MTU) is adding 0.29 percent ...
-
Grill and beer it
When you celebrate Memorial Day by throwing some dogs on the grill, you’ll need something to wash them down. That’s where these mags can come in.If you prefer your beers micro, fruity, infused with chocolate or laced with the heat of a thousand fire-kissed jalapenos, ...
-
Turness in furnace Hot day at NBC News
Incoming NBC News boss Deborah Turness better be a quick learner - her to-do list is already overflowing.While dealing with a recently cooled MSNBC and a faltering "Meet the Press" is enough to keep the first woman to head the Peacock network’s news division busy, the hugely underperforming "Today" show is certainly at the top of the list.Ad sales at the division are ...
-
Park it right there
When Barrel, a Little Italy-based digital agency, moved and designed its new office space from scratch in August, its brass envisioned a work environment tailored to the tastes of the growing company, and at the same time lent itself well for collaboration.The company’s new work space features small purple stools scattered throughout the office so co-workers can park quickly at each ...
-
Oil Holds Above $96 on US Economic Data
U.S. crude futures were steady in early Asian trading on Monday, holding above $96 a barrel after rallying last week on positive economic data in top oil consumer the United States. U.S. consumer sentiment in early May rose more than economists had expected, with more Americans giving favorable views about their financial and economic prospects, particularly among upper-income ...
-
Woah Time to Slow That Yen Fall
steep decline and Japan's policymakers are starting to voice their concern about the pace of the currency's move. The yen pulled back from four-and-a-half year lows against the dollar on Monday following a report in the Wall Street Journal that cited Japanese economy minister Akira Amari as saying the yen's excessive strength has now been largely corrected and further weakness in ...
-
Goldman Sachs to Invest in Japan Green Energy
TOKYO – Goldman Sachs plans to pour about Y300 billion ($2.9 billion) into Japanese renewable energy projects over the next five years, having determined that a long-term scheme here to buy renewables at fixed rates will provide a stable source of income, the Nikkei reported in its Monday morning edition.The U.S. investment bank recently set up a wholly owned renewable energy management ...
-
BOJ may seek ways to calm bond market policy on hold
By Leika KiharaTOKYO (Reuters) - The Bank of Japan is expected to stand pat on monetary policy this week despite jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.The central bank may front-load bond purchases or offer funds via market operations more frequently if the bond market turbulence persists, which are ...
-
Minnesotas struggling ethanol makers hope to snap back this year
Dwayne Ehlert, 70, stands outside the shuttered Biofuels Energy Corp. ethanol plant in Fairmont, Minn. Ehlert, 70, who has been farming since 1964, sold a truckload of corn to the plant last August for a record $8.16 per bushel as last year’s drought drove up prices. A few weeks later, the plant stopped production, citing high corn prices. Although corn had dropped in price, ...
-
Bernanke’s Testimony Critical to Oil Prices
The U.S. dollar and its reaction to the Federal Reserve Chairman Ben Bernanke's Congress testimony on Wednesday will prove central for crude oil price direction this week, according to CNBC's weekly survey of market sentiment. Nine out of 13 respondents, or about 69 percent, expect prices to soften this week while two forecast gains and the remaining two are neutral on the market. ...
-
Has Hollywood Sold Out On Tibet
If there's one lingering sore point between Hollywood and China, it's Tibet. For years, celebrity activists have annoyed Beijing by organizing charity concerts for Tibetan independence, shouting "Free Tibet" at awards ceremonies, and palling around with the Dalai Lama, whom the People's Republic regards as a "jackal" and "a wolf in sheep's ...
-
Yen edges up from lows Asian shares firmer
SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further steady drop in the yen could have negative effects on households, pushing the dollar to a low of ...
-
Suncorp Mulls Selling Non-Core Bank - Report
Suncorp Group Ltd. (SUN.AU) is looking at ways to sell the "non-core" bank unit that houses its sour property loans, in a move that would free up capital and could mean higher payouts for investors, The Australian Financial Review said Monday.The regional bank and insurance group set up the unit in 2009 to house 17.5? billion Australian dollars (US$17.1 billion) of loans that could no ...
Seoul City Focus
-
Seoul World Design Capital
In 2010, Seoul held the title of World Design Capital for the year, a coveted acknowledgment of the city’s progress in the development of its design-oriented industries and a foundation for the implementation of further development projects in preparation for 2010.
Seoul is a thriving global city of over 12 million people and the capital of South Korea, a country that has seen rapid development over the last few decades to become one of the newly emerged first world countries of the late 20th century. Read more
News from around our Network
