Latest International Business News
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Glow-in-Dark Roach Worlds Smallest Frog Among Top New Species
A cockroach that glows in the dark, a black fungus that's ruining prehistoric cave art and a frog smaller than a child's fingernail. These are three in a top-ten list of newly discovered species for 2012. An international committee of taxonomists announced their annual picks this ...
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Tiger Global invests $50 million in Automattics WordPress
By Sarah McBrideSAN FRANCISCO (Reuters) - Automattic, the company that operates blogging service WordPress, announced a $50 million investment from hedge fund Tiger Global on Friday.The investment comes on the heels of Yahoo's $1.1 billion acquisition of blogging company Tumblr, showing the high prices fast-growing services that targeting Internet users can command. The valuation for ...
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QA The best global real estate opportunities for investors right now
For this week's live discussion at Inside the Market, we're joined by Sam Sahn to discuss the best investing opportunities right now in the global real estate sector. Mr. Sahn is a portfolio manager overseeing real estate for Timbercreek Asset Management. The Timbercreek Global Real Estate Fund gained 26.9 per cent in the one year period up to March 31, 2013, excluding the management ...
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World President fires army chief after leaked letter
Uganda's president has made a major change in the army, removing the chief of the armed forces to the interior ministry and replacing him with a generalin charge of land ...
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News Corporation Board Approves Split of Company
The board at News Corporation approved a proposed split into two companies on Friday, and authorized a $500 million stock buyback for investors in the soon-to-be-formed publishing business. It also announced appointments to the board for both of the ...
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Fitz The Tantrums On World Cafe
. Undeniable songs and exciting concerts led the group to festival dates and other high-profile live appearances around the world. The band formed when L.A. studio engineer and musician Michael "Fitz" Fitzpatrick gathered friends such as fellow vocalist Noelle Scaggs to perform songs he'd written following a breakup. The core of the band convened again in 2012 to record the ...
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Fenech’s ‘speculative allegations baseless harm ongoing negotiations’ – Finance Minister
a press conference given earlier today by the Nationalist MP , during which he asked whether the government had wanted Malta to enter into excessive deficit procedure (EDP) in order not to implement "certain costly electoral promises". "Mr Fenech's statements are worrisome on several counts, not least among them being his suggestion that the Maltese government somehow ...
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JPMorgan Chase CEO Survives Close Vote
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board ...
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L.A. Job Market Boosted by Entertainment Industry Employment
The fastest-growing job sector for the city is the entertainment industry, the Los Angeles Times reported Thursday. The number of jobs slipped slightly from March to April, but that reflected seasonal trends, the Times said. From April 2012 to April 2013, the number of jobs in the city rose 2 percent to 3.9 million. "All indicators in the first part of 2013 suggest that ...
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Flexible Corporate Strategy The Freedom Pipeline Example
reported that the proposed oil pipeline from Texas to California is not finding much interest among the Golden State's refiners. Transportation cost on the pipeline would run about $5 per barrel, compared to $12 for shipping crude in rail cars. So how can it possibly make sense to pay the higher ...
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China Has Growth But Were Tapping The Brakes On Ford At $15
Ford Motors have rallied more than 20% in the past three months on the back of solid North American operations, some improvement in Europe and surging sales in China. Ford's Chinese sales have surged 49% through April, and the world's largest auto market now accounts for about a sixth of the automaker's global sales. Sales have been helped by the Focus and the Kuga, both of which ...
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Manufacturing slump paces Dominican Republic 0.3 1Q growth
Santo Domingo.- Dominican Republic's economy grew barely 0.3% in the first quarter, much slower than forecast, the Central Bank announced Friday. In its preliminary report the monetary authorities noted that in the first quarter of 2012 the economy grew 3.8%, 4.3% in 2011 and 7.5% in 2010. Key sectors with a strong impact on employment have fallen thus far this year, including retail ...
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SABMillers business in emerging markets grows but profit declines
LONDON -- Britain-based brewer SABMiller suffered a drop in annual net profit after exceptional gains the previous year, the firm reported on Thursday but said that underlying performance improved on strong growth in emerging ...
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China manufacturing sees 1st fall in 7 months HSBC
BEIJING -- Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest ...
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Finance body chief urges calm after market drops
TAIPEI -- Chen Yuh-chang, chairman of the Financial Supervisory Commission (FSC), urged investors Thursday to stay calm after the local market took a dive, sending the index below 8,300 points at the end of the trading ...
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Offshore Drilling In Virginia Would Threaten Coastal Economy Environment And Naval Operations
Fleet Composite Squadron 6 conducts boat operations off coast of Naval Station Norfolk, VA. (Credit: U.S. Navy) Yesterday Terry McAuliffe, Virginia's Democratic gubernatorial candidate, ...
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France tries to win back business
THE French government is trying to woo business, amid concerns that it has antagonised the very sector needed to reinvigorate the ...
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Holidays or holy-days are a great time to relearn enchantment with the world | Giles Fraser
Naxos . We are having a few days of half-term father/son bonding and reading Greek myths together. On this island, Dionysus wooed Ariadne away from Theseus, giving her the stars as a wedding crown. Felix has never been this far from home, and so much of the surrounding culture and geography is being experienced as new and extraordinary. Our friend Dimitrios explains to him the Greek alphabet. He ...
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Fitch Affirms 2 Classes and Upgrades 3 Classes of Ford Credit Auto Owner Trust 2011-B
Macao Banks' Rapid China Growth Alters Risk Profiles Macao banks could see their risk profiles weaken as their exposure to China continues to climb.Fitch Ratingsexpects credit growth to accelerate to 30% in 2013 from 26% in 2012, primarily led by China-related trade financing. Generally Chinese exposures are driven by parent referrals and associated risk is adequately mitigated with ...
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Worlds First 3-D-Printed Bullets Join A Growing DIY Arsenal
. That gun, dubbed "The Liberator," was first created by Defense Distributed, a firm that fashioned the weapon almost entirely from ABS plastic, using an $8,000 3-D printer. The Liberator got ...
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Microsoft Explains the Xbox Ones Cloud-Enhanced Graphics
IDG News Service - While Microsoft's next-generation Xbox One will have plenty of power on its own, sometimes it might opt for a little help from the ...
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What we think we know about what Microsoft isn’t saying about the Xbox One
For all of the things Microsoft has revealed about the Xbox One this week, the company has evaded and dismissed just as many important questions and concerns about the console. In an effort to clear the air, we've pieced together the best available information on three of these important issues while we wait for Microsoft to offer more ...
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Its a mixed shopping bag for three big retailers earnings
Foot Locker opened 25 new stores during the quarter and closed 39, for a current total of 3,321 stores in 23 countries, plus 45 franchised stores in the Middle East and South Korea. Retailers Foot Locker Inc. and New York & Co. reported better-than-expected first-quarter earnings but Aeropostale Inc. swung to a loss and said it expects a further loss in its second quarter. Athletic footwear and ...
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Flexjet sees business take off as economy improves
A Challenger private jet. Dallas-based Flexjet reported that new business grew 83 percent in the first quarter. Flexjet, the world's second largest fractional jet ownership services provider, said that sales of fractional shares grew 108 percent in the quarter and that new jet card sales grew by 48 percent. The company offers fractional aircraft ownership, jet card and whole aircraft ...
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Demand Grows for Global Ban on Killer Robots
LONDON -- United Nations’ special rapporteur on executions has joined calls for a moratorium on so-called ‘killer robots’ - automated weapons systems which critics fear may one day operate independently from human commanders. It may sound like something from a sci-fi movie - but campaigners say the threat is real and the robots already exist. A human-sized robot joined ...










