Latest Breaking Business News
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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 ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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6-month-old shot at home on Alcoa Hwy.
Officers are investigating the shooting of a six-month-old child, the Knox County Sheriff's Office has confirmed. It happened Wednesday afternoon at a home on Alcoa Hwy. The child has been transported to UT Medical Center. We have a crew on the way and will have updates as soon as they are ...
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Mens Wearhouse fires chairman who told millions Youre going to like the way you look
FILE - In this Thursday, May 6, 1999 file photo, George Zimmer, second from left, gestures in a meeting in Oakland, Calif. Men's Wearhouse Inc. says it has dismissed Zimmer, its founder and executive ...
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Federal Reserve foresees lower US unemployment and inflation this year and next
WASHINGTON -- The Federal Reserve expects the U.S. unemployment rate to fall faster this year and next than it did in March. The Fed now predicts unemployment will fall to 7.2 percent or 7.3 percent at the end of 2013 from 7.6 percent now. It thinks the rate will be between 6.5 percent and 6.8 percent by the end of 2014, better than its previous projection of 6.7 percent to 7 percent. The 6.5 ...
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Highlights of state budget passed by Assembly
MADISON, Wis. -- The two-year state budget passed by the Republican-controlled Assembly on a 55-42 vote now heads to the state Senate for an expected vote on Thursday. If it passes there in identical form, it then heads to Gov. Scott Walker who can sign it, veto all of it, or veto any individual items he opposes. The Legislature has the option to override Walker's vetoes. Here are some ...
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Voters support growth control in Encinitas
Guerin said her two groups --- Encinitas Residents, Business & Taxpayers Opposing Prop. A and Homeowners to Preserve Encinitas --- made a big push in the final days before the election to encourage people to come vote at the ...
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KCSO investigating shooting off Alcoa Highway
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No Taper Tipoff Fed Keeps the Easing Going
The Federal Reserve will keep its version of the monetary printing press running a while longer, and provided few hints Wednesday that the days of extreme easing are coming to a close. In a decision eyed with a surgeon's precision on Wall Street, the central bank's Open Markets Committee tiptoed around the vaunted "tapering" question, saying it will continue watching the ...
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Who Will Be the Next Fed Chairman
The question of who the president will nominate to succeed Bernanke will probably be answered sometime this summer. The president will want to make sure the Senate has plenty of time to consider and confirm his nominee--and that the markets have time to digest the ...
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Kiss and Tell Hersheys SP Prediction
Brian Stutland of the Stutland Volatility Group believes that chocolate sales can tell us a great deal about where the market will go next. "Your basic thing that everybody loves is chocolate," Stutland said. "If chocolate sales are falling--if you hate chocolate--you definitely hate real estate or whatever big-ticket purchases you want to make." So to get a jump on the ...
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Zimmer Doesnt Like the Way This Looks
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the ...
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What to Expect From the Fed
CNBC's Steve Liesman discusses expectations for the Fed; and Kenny Polcari, O'Neil Securities, and CNBC's Bob Pisani, break down how the market is anticipating the ...
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Whats Leon Cooperman Buying Now
Leon Cooperman, Omega Advisors chairman & CEO, discusses what he hopes to hear from the Fed later today, adding there are plenty of stocks out there with more attractive yields than 10-year Treasurys. Cooperman also explains why he filed suit against ...
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DreamWorks CEOs Really Good Arrangement With Netflix
CNBC's Julia Boorstin speaks to DreamWorks Animation CEO Jeffrey Katzenberg, about his company's partnership with the Chinese government, and its deal with ...
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Bernanke wont blow up bond market
The Federal Reserve may not be the big bad wolf of the bond market, despite what some say. FORTUNE -- The last of the economy's Band-Aids are coming off. The question is how much it will hurt. So far, the answer from the bond market has been quite a lot. Ever since Federal Reserve chairman Ben Bernanke indicated about a month ago that the Fed might slow its bond buying stimulus program, ...
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Apple Unveils News Content For TV Service
We no longer check to see whether Sky News displays properly in Internet Explorer version 6 or earlier. To see our content at its best we recommend upgrading if you wish to continue using Internet Explorer or using another browser such ...
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Microsoft offers up a bounty for finding bugs in beta
(Credit: Microsoft) Microsoft on Wednesday announced it will launch a "bug bounty" program, designed to stamp out security vulnerabilities in its software before and after its products are launched. The software giant has previously offered as much as $250,000 for security vulnerabilities ...
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Exclusive Forest interested in bidding for Irish drugmaker Elan - sources
WASHINGTON - The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a ...
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Fed keeps buying bonds at $85 billion monthly pace
WASHINGTON (Reuters) - The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a ...
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U.S. banks failed to follow mortgage standards monitor
WASHINGTON (Reuters) - Four of the largest U.S. mortgage servicers failed to adhere to some of the new standards set out in a landmark settlement meant to help consumers facing foreclosure, a court-appointed monitor said on ...
Latin America Focus
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Latin American unity plagued by tensions
Division and suspicion seem the order of the day in Latin America at present, negating any optimism that the countries of the region may one day move toward a regional integration model based on that of the EU.
Latin America has seen itself become heavily divided over the issue of whether to readmit Honduras to the Organization of American States (OAS) after the 2009 coup, with all the Central American states accepting the new government while big regional players like Brazil and Mexico insist that more must be done before they’ll recognize it. Meanwhile, President Alan Garcia of Peru has told Latin America news providers that there is a quiet arms race occurring in the region. In all, it seems that regional integration along the same lines as the EU remains a long way off at present. Read more
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