Latest Breaking Business News
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Video 787 Dreamliner lands at Chicagos Ohare
United Airlines is again flying the 787, four months after smoldering batteries forced the plane to be grounded worldwide. The incidents included an emergency landing of one plane, and a fire on ...
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US stocks dip in cautious trade
US stocks have closed slightly lower in thin trade ahead of Federal Reserve Chairman Ben Bernanke's testimony on the economic outlook to Congress. At the closing bell on Monday, the Dow Jones Industrial Average was down 18.35 points (0.12 per cent) at 15,336.05. The tech-rich Nasdaq Composite Index edged down 2.53 (0.07 per cent) to 3496.43 and the broad-market S&P 500 lost 1.21 (0.07 per ...
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Defense attorney Petters duped my client
Twin Cities hedge fund manager James Fry was portrayed Monday by his attorney as a victim of the Tom Petters Ponzi that duped small and big investors alike. In his opening statement in Fry's criminal trial, defense attorney Joe Friedberg said his client was "under ether supplied by Tom Petters" and believed he was investing in legitimate transactions involving the sale of ...
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Currencies Dollar falls as Fed’s Evans calls for more time
NEW YORK (MarketWatch) -- The dollar fell on Monday, but still traded at nearly five-year highs against the Japanese yen, as a Federal Reserve president said more time is needed to assess labor-market ...
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Tim Peakes space station mission could put a rocket under Britains economy
Link to video: Tim Peake to become first official British astronaut to visit International Space Station There is the urge to explore the endless heavens, there are the mysteries of the starry cosmos to solve, but above all there is the faltering economy to revive.Of all the reasons nations give for sending their citizens ...
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Apple CEO to Press Senate on Tax Reform
Apple will argue for comprehensive corporate tax reform when it goes before a Senate subcommittee on Tuesday, becoming the latest technology company to face questions over its offshore tax practices. ...
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Fed Right on the Money Chicagos Evans
Federal Reserve has the appropriate level of monetary accommodation in place to let the economy reach "escape velocity" next year, a top Fed official said Monday. "We continue to face powerful headwinds in the fiscal situation and the global ...
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White House Knew of IRS Audit in April
White House spokesman Jay Carney said the counsel, Kathryn Ruemmler, later informed the White House Chief of Staff Denis McDonough and other senior staff members about the politically damaging preliminary findings of inappropriate activity by some IRS employees. ...
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Xbox 720 and PS4 go head to head Speculation rife ahead of Microsoft launch - and rumour mill goes into overdrive
Expectations are high after Sony's dispiriting launch of the new PS4 back in February (a tweaked controller design was on display but little else), and although there seems to be a consensus regarding the hardware specifications, Xbox spokesman Major Nelson is still promising that the Tuesday release will "mark the beginning of a new generation of games, TV and entertainment".Most ...
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Apple to argue for tax reform defend tax practices on Tuesday
Men are silhouetted against a video screen with an Apple logo as they pose with an Apple iPhone 4 smartphone in this photo illustration taken in the central Bosnian town of Zenica, May 17, ...
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U.S. High Court to Hear Fidelity Case to Clarify Worker Protections
The Supreme Court said Monday that it will consider the scope of whistleblower protections written into a 2002 federal law that encourages employees at public companies to report fraud.The case, involving claims made by former employees at Fidelity Investments, was one of three new business cases the high court added to its docket Monday.The justices also agreed to hear a frequent-flyer dispute ...
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Citi Names New CEOs of CitiMortgage Private Bank Citi Holdings
Citigroup Inc. (C) shuffled the top executives of several businesses, including its private bank, its mortgage operation and the unit that houses non-core businesses and assets.Jane Fraser will become the head of CitiMortgage after current leader Sanjiv Das decided to leave the bank for other unspecified opportunities, according to a memorandum Monday from Citi Chief Executive Mike Corbat.Mark ...
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Arcapita Fights $70 Million Claim as Plan Confirmation Nears
Arcapita Bank said an energy company's fraud claim stemming from Arcapita's sale of Texas natural-gas assets should be pushed behind the claims of other creditors.In a filing last week with the U.S. Bankruptcy Court in Manhattan, Arcapita took on Tide Natural Gas Storage LP's contention that Arcapita's bankruptcy plan shouldn't be approved by a judge because of $70 ...
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Plains Exploration Board Approves Merger With Freeport-McMoRan
Plains Exploration & Production Co.'s (PXP) board Monday approved a $6.5 billion merger with Freeport-McMoRan Copper & Gold Inc. (FCX), overcoming earlier pressure to reject the deal.The deal gives Freeport-McMoRan sizeable oil and natural-gas production assets to add to its mining business. Many in the industry questioned whether the two companies would profitably complement each ...
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Are you out of the loop on sales tax changes
Doing business in more than one province, presents a challenge when it comes to dealing with multiple sales tax regimes. To add to the difficulty, several provinces -- British Columbia, Quebec, Manitoba and Prince Edward Island -- recently changed their systems. Keeping up with the latest changes can be difficult but you should not wait for an audit to find out you’ve fallen behind. B.C. ...
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Wall Street near record levels trading choppy
economy to reach "escape velocity" next year. Earlier, the Dow climbed to an all-time intraday high at 15,391.84, while the S&P 500 edged up to a new intraday record high at 1,672.84. Both major indexes are up about 17 per cent for the year so far. The S&P 500 is up more than 1,000 points from March 2009 lows. Analysts say various benchmarks are battling key levels, which could ...
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Wall St hesitancy after new records
Wall Street touched fresh records earlier in the day before giving up gains as investors await clues from the US Federal Reserve on its plans for maintaining stimulus measures. The minutes from the latest Fed's policy committee meeting are due on Wednesday, the same day that Fed Chairman Ben Bernanke will be giving testimony to Congress. In late afternoon trading in New York, the ...
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Websense agrees to private equity buyout
Websense makes Internet security, data protection and Web filtering software mostly for businesses. It released its first products in 1996 and has been a dean of San Diego's Internet security software ...
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Mortgage basics What you dont know could cost you
Near record-low mortgage rates have been luring potential homebuyers to the real estate market. But are you armed with the basics to take on the commitment of a home ...
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Radiation hair loss cut by circadian timing
Hair loss is one of the most visible and distracting effects of cancer radiation therapy. That hair loss can possibly be reduced by giving radiation in the evening, a time in the circadian cycle when hair follicles are resting, according to a new study. Applications may extend to chemotherapy protocols, the study ...
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McDonalds wins Temecula burger war
The Temecula City Council last week rejected an appeal of the Planning Commission's March approval of plans for a new McDonald's in the Palomar Village shopping center at the corner of Rancho California and Margarita ...
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Wal-Mart told to provide more info in bribe case
WILMINGTON, Del. -; A judge in Delaware ordered attorneys for Wal-Mart Stores Inc. to turn over more information to shareholders seeking records on how the company responded to allegations of bribery involving its operations in ...
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EXCLUSIVE First look at Staten Islands Empire Outlets
These exclusive images offer a dramatic first look at Empire Outlets, the huge shopping/dining/hotel complex planned for the Staten Island waterfront near the St. George Ferry terminal.The 340,000 square-foot project by Brooklyn-based BFC Partners will rise next to the proposed New York Wheel, the world's tallest ferris wheel, which is to be built by a different developer. Renderings ...
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FirstGroup shares plunge after rights issue and sharp fall in profits
Tim O'Toole, FirstGroup's chief executive, said the proceeds from the rights issue would provide the flexibility and capital confidence to work on the creation of long-term value for shareholders. Photograph: FirstGroup ...
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Up to 60 of whiplash claims are fraudulent or exaggerated MPs told
Up to 60% of the whiplash claims brought by car drivers or passengers after accidents are either fraudulent or exaggerated, MPs have been told.David Powell, a manager at Lloyd's Market Association, told the transport select committee investigation examining the size and number of whiplash payouts, that 10-60% of claims were probably not entirely genuine.The adviser to underwriters told MPs ...
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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