Latest Breaking Business News
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Spain to Grant Residency to Buyers of High-End Homes
Spain's government approved a plan to grant residency permits to foreigners who buy high-end homes, a step meant to breathe life into the country's moribund housing market.The measure, one of several announced Friday to encourage entrepreneurship, will award residency cards to those who spend at least EUR500,000 ($646,700) for real estate or invest at least EUR2 million in Spanish ...
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BP Reliance NIKO Make Significant Gas Condensate Find In India
BP PLC (BP.LN) and partners Reliance Industries Ltd. (500325.BY) and NIKO said Friday they had made a significant gas and condensate discovery in the KG D6 block in the Krishna-Godavari field off the eastern coast of India where the partners are trying to boost declining gas output.The government of the energy-hungry nation is seeking to reduce dependence on oil and gas imports and is currently ...
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See How Citigroup Wrote a Bill So It Could Get a Bailout
Citigroup lobbyists drafted a bill to allow more risky dealings by taxpayer-backed banks and--what do you know?--the House financial services committee passed nearly identical ...
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RBC issues supplier code of conduct in wake of outsourcing backlash
TORONTO -- The Royal Bank is making a formal commitment that it won't send work offshore just to save on salaries. The bank faced fierce backlash earlier this year over an outsourcing arrangement with a supplier that used temporary foreign workers. The Royal Bank says it will only offshore work to suppliers when their scale, technology or knowledge provides capabilities the bank cannot ...
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Endowment investing is not for everyone
(MoneyWatch) The success of the Yale Endowment has led many endowments, foundations and even individuals to focus on alternative investments and try to capture the liquidity premium available in illiquid investments. However, adopting such a model may be impractical. First, there is the question of liquidity. In addition to heavy exposure to private equity, the strategy often includes ...
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US STOCKS-Wall St slips on Fed stimulus uncertainty PG jumps
Fri May 24, 2013 1:12pm EDT * Stocks decline as investors assess the Fed's next move * P&G shares climb after CEO replacement * Durable goods orders rise more than expected * Dow off 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct By Leah Schnurr NEW YORK, May 24 (Reuters) - U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, ...
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Movers Shakers Friday’s movers Abercrombie Sears not in fashion
Bootstrapping for start-ups When start-up financing is scarce, entrepreneurs should look to bootstrapping. Angel Investor Dale Murray explains what it is and how to attract ...
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Bond Report Treasurys move higher as investors buy cheap
NEW YORK (MarketWatch) -- Investors bought back into Treasurys Friday after a substantial selloff this week, helping the safe-haven debt hold onto gains after a manufacturing report on orders for long-lasting big-ticket items came in better than ...
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Metals Stocks Gold futures retreat pare gains for the week
SAN FRANCISCO (MarketWatch) -- Gold futures posted modest losses on Friday, paring their gains for the week after a nearly 2% climb a day prior, as investors grew wary ahead of a long U.S. holiday ...
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Wall Street drops on uncertainty
"We've had some volatility this week that we really haven't experienced in a month or so, so it's got a little bit of uncertainty here," said Joe Bell, a senior equity analyst at Schaeffer's Investment Research in ...
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Microsoft To Windows 8 Haters Try This Mouse
Windows 8 users have little use for Modern UI apps , and that desktop and laptop users are particularly unengaged. The findings were, to a degree, unsurprising; to many users, the Win8's Live Tile-dominated Start screen hasn't been, ...
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FTSE 100 ends volatile week with a near 1 fall
Leading shares ended a volatile week - even by stock market standards - on a negative note ahead of the long Bank Holiday weekend.In the space of five trading days, the FTSE 100 soared to within 90 points of its all time high of 6930, achieved on 30 December 1999 at the peak of the dotcom boom, and then promptly recorded its worst daily performance for a year.Markets have been driven higher in ...
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Gold price collapse hits pawnbroker profits
Shares in largest British high street gold buyer H&T slide as it warns that every 10% fall in the price of gold would wipe about 2m off its ...
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G4S contract to run sexual assault referral centres damned
G4S , the controversial private security company, is to run services providing medical examinations and counselling for victims of rape and sexual assault in the West Midlands.The company has been awarded a three-year contract to take over two sexual assault referral centres (Sarcs) in Birmingham and Walsall. The national network of 33 centres across England which have developed over the past ...
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How Motorsports Improves What We Drive
General Motors racing program, from the way its 450-horsepower V-8 works to the carbon fiber panels used to reduce the sports car's weight and lower its center of gravity. "Motorsports play a key role for us in improving our street cars and power-trains," explained Jim Campbell, head of the Detroit maker's well-funded motorsports program. And GM isn't alone. Most auto ...
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Soccer Tickets Shocker Two for $21000
German soccer fans desperate to snap up tickets to Wembley's Champions League final on Saturday are being charged up to 14,000 ($21,166) for a pair of tickets on the black market, the Daily Mail reported on Friday. German rivals Borussia Dortmund and Bayern Munich will battle it out for the coveted UEFA Champions League final this weekend, and up to 150,000 German football fans are expected ...
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Meet The People Who Are Subverting Wall Street Reform
Commodity Futures Trading Commissioner Mark Wetjen Three years after Congress passed sweeping reforms of Wall Street, the industry has successfully widened a variety of cracks in the Dodd-Frank law. But credit for the industry's success at watering down the landmark legislation doesn't just go to well-heeled lobbyists - regulators and lawmakers are helping. ...
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European stocks steadier after sharp losses
European stock markets slid modestly on Friday, following sharp losses suffered the previous day, failing to score gains despite positive data from Germany and the US. London's FTSE 100 index of leading shares shed 0.63 percent to 6,654.34 points, while in Frankfurt the DAX 30 index fell 0.56 percent to 8,305.32 points and in Paris the CAC 40 slid 0.26 percent to 3,956.79 points. The ...
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Senator urges extreme caution on Softbank-Sprint deal
WASHINGTON (Reuters) - An influential senator on Friday expressed strong concerns about Japanese company Softbank Corp's plan to buy 70 percent of Sprint Nextel, the No. 3 mobile service provider, warning it could expose the United States to more Chinese cyber ...
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Spains Bankia Close to Selling Florida Bank to Chiles BCI - Sources
Spain's Bankia SA (BKIA.MC) is close to selling City National Bank of Florida to Chilean bank Banco de Credito e Inversiones SA (BCI.SN) for close to $900 million, according to people familiar with the situation.The transaction is expected to be approved by Bankia's directors later Friday, these people said.The sale forms part of Bankia's plan to shed assets to boost capital ...
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Commerzbank CEO to Buy Shares Worth EUR170000
Commerzbank AG (CBK.XE) Chief Executive Martin Blessing, who will fully participate in the bank's capital increase that is under way, will buy new shares worth about EUR170,000, according to a Dow Jones Newswires calculation."I will fully exercise my subscription rights," Mr. Blessing said Friday.Currently, Mr. Blessing holds almost 40,000 shares in Commerzbank.If fully exercising ...
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EUROPE MARKETS Europe Stocks End Choppy Week 1.7 Lower
LONDON – European stock markets added to the prior day's sharp losses Friday, tracking stocks lower in the U.S., with better-than-expected economic data failing to offset concerns about a possible end to the U.S. stimulus program.The Stoxx Europe 600 index lost 0.2% to 303.35, closing out the week 1.7% lower and breaking a four-week winning streak.Earlier in the week, most of ...
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Luxury Brands New Cash Cow Men
PARIS/NEW YORK – Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam and demand in Europe sags. "There is a cultural ...
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Chile blocks Pascua-Lama mine fines Barrick Gold $16 million for serious environmental violation
VALLENAR, Chile -- Chile's environmental regulator has stopped construction and imposed sanctions on Barrick Gold Corp.'s $8.5 billion Pascua-Lama project, citing "serious violations" of its environmental permit. The $16-million fine is the maximum allowable under Chilean law. It was applied Friday because the world's largest gold mining company acknowledged that it ...
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‘We are in economic terms all Japanese’ Paul Krugman
A generation ago, Japan was widely admired – and feared – as an economic paragon. Business best-sellers put samurai warriors on their covers, promising to teach you the secrets of Japanese management; thrillers by the likes of Michael Crichton portrayed Japanese corporations as unstoppable juggernauts rapidly consolidating their domination of world ...
Mexico Feature
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Mexico has more to it than drugs and immigration
As Mexico’s image suffers damage abroad due to increasing levels of violence related to the drug crack-down by government, it may be helpful for Mexicans to remember that there is more to their country than drugs and immigration problems with the US. Some facts may be surprising and even shocking, especially to foreigners.
Mexico has been in the news frequently of late as the government carries out a crack-down on drug cartels and organized crime, the country’s murder rate is up, journalists have been killed for investigative reporting on drug gangs and our image internationally has generally been diminished by the tunnel vision of international news providers. Read more
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