Latest Breaking Business News
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Microsoft Uses Siri to Mock Apple in New Ad
featured the Heart and Soul duet ? Sure you do. Well, Microsoft is taking inspiration from it – but not to make their own musical ad, but to bash Apple’s iPad’s lack of real, useful features. The new ad for Windows 8 is called ';Less talking, more doing'; and it makes fun of Siri, who is rendered useless. ';Sorry, I don’t update like that,'; says ...
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Need small scale tapering of bond buys when it starts Feds Bullard
LONDON – Federal Reserve policymaker James Bullard said on Thursday that the bank should wind back its support slowly when it starts the process. Speaking to reporters after a speech in London, Bullard said the Fed was likely to start tapering its bond purchases if the economy continued to improve and inflation picks up, and that he would be happy with reducing the buying slowly, by $15-20 ...
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Futures Slide as Weak China Data Add to Fed Gloom
FOX Business: Capitalism Lives Here U.S. stock-index futures joined a global selloff Thursday after an unexpected contraction in China's manufacturing sector added to concerns about when the Fed will begin tapering its bond-buying program. Today's Markets As of 8:36 a.m. ET, Dow Jones Industrial Average futures fell 119 points to 15200, S&P 500 futures dropped 15.3 points to ...
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Factory activity slips to seven-month low in May Markit
NEW YORK (Reuters) - Manufacturing slowed for a second straight month in May as weak overseas demand and government belt-tightening at home led to the sector's most sluggish rate of growth since October, a survey showed on ...
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Jobless claims data suggests labor market strength
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by ...
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Eastern pipelines needed to revive Quebec refinery and petrochemicals industry
TORONTO -- Moratoriums and new regulations in Quebec are sending a signal to the investment community to take their business elsewhere, Franoise Bertrand, president and CEO of Fdration des chambres de commerce du Qubec said Wednesday. Ms. Bertrand was in Toronto to push her 1,200 members' pro-pipeline message as Quebec's minority government under Premier Pauline Marois takes a tough ...
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Warning signs for China as factory activity shrinks for first time in 7 months
LONDON -- Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the eurozone's downturn tempered slightly in May, business surveys showed on Thursday. World stock markets tumbled after the Chinese data and also in response to U.S. Federal Reserve Chairman Ben Bernanke, who hinted on Wednesday the Fed could soon pare back its bond-buying with ...
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Global stock markets slump
Investors worldwide sold shares on Thursday. That was because they were spooked by unexpected weakness in China’s economy, with factory activity there falling in May. In addition business activity surveys for the same month showed the eurozone headed for a second quarter of economic contraction. That followed on from the head of the US central bank, Ben Bernanke, signalling that it ...
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Smart ways to slash your weekday lunch tab
(MoneyWatch) Eating healthy -- let alone losing weight -- while putting in long days at the office isn't a piece of cake. Buying sandwiches, wraps and super-sized salads drenched in dressing at the corner cafe can add unwanted padding to your waistline as well as your credit card statement. But you don't necessarily have to pack your lunch every day to eat better, especially since ...
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Jobless claims fall to 340K
WASHINGTON The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health. Applications for unemployment aid declined to a seasonally adjusted 340,000 in the week ending May 18, the Labor Department said Thursday. That's down from 363,000 the previous week and a level consistent with solid job gains. ...
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U.S. equities sell-off goes on futures slump
NEW YORK The momentum of a late sell-off on Wall Street is carrying through for a second day, with U.S. futures and global stock markets in retreat. Dow Jones industrial futures are down 102 points to 15,218. S&P futures have lost 13.2 points to 1,642.40. Nasdaq futures are down 23.25 points to 2,977.75. U.S. stocks began selling off late Wednesday when minutes from the Federal Reserve left ...
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Japans Nikkei stock index dives 7.3 percent
LONDON Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3 percent fall in the Nikkei index to 14,483.98, including a spike in Japanese government bond yields and unexpectedly weak Chinese manufacturing figures. Mixed ...
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US STOCKS-Wall St to drop at open on stimulus plan worry China data
Thu May 23, 2013 9:12am EDT * HP jumps after raising 2013 outlook * China manufacturing data shows contraction * Futures off: Dow 128 pts, S&P 15.8 pts, Nasdaq 22.5 pts By Chuck Mikolajczak NEW YORK, May 23 (Reuters) - U.S. stocks were set for a lower open on Thursday, with the S&P 500 on track for its first back-to-back daily drop in a month, amid investor concerns the U.S. Federal ...
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UPDATE 1-Nigerias NNPC and Exxon unit to tap bond market by 2016
Thu May 23, 2013 8:59am EDT * NNPC funding problems holding back oil projects * Exxon and NNPC joint venture has 550,000 bpd oil capacity By Joe Brock and Emma Farge ABUJA/GENEVA, May 23 (Reuters) - Nigeria's state-oil company and a local unit of Exxon Mobil plan to tap the bond market by 2016 to fill a funding shortfall in developing oil exploration projects, the companies have said. The ...
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Argentina Repsol struggle to bridge gap over YPF compensation
, there seems little prospect of a quick deal on compensation despite signs that both sides would rather avoid a costly, drawn-out legal battle.The Latin American country's lack of funds and its limits on the control private firms have over their investments - which could deter Repsol from accepting other assets in any settlement - pose major obstacles to a deal, according to ...
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Currencies Dollar tumbles vs. yen as Japan leads global rout
NEW YORK (MarketWatch) -- The U.S. dollar slumped on Thursday, with the yen soaring as Japanese stocks plunged in the wake of disappointing Chinese data and fears the U.S. Federal Reserve could soon begin to reduce its bond ...
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Earnings Outlook Pandora expected to report sales gains
SAN FRANCISCO (MarketWatch) -- Pandora Media Inc. is set to deliver its first-quarter results after the close of trading Thursday, and the results come at a time of rising competition and executive change at the online radio ...
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Movers Shakers Thursday’s movers Hewlett-Packard AMD
NEW YORK (MarketWatch) -- Shares of Hewlett-Packard Co. led gainers in the Standard & Poor's 500 Index in premarket trade on Thursday while shares of Advanced Micro Devices fell. Apple Inc. trended ...
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Tesco checkout staff see bonus pot halved as profits slump
Checkout staff at Tesco have seen their annual shares bonus pot halved after the supermarket giant slumped to its first annual profits fall in nearly 20 ...
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Microsoft boosts Japan Azure offering adds data centers
IDG News Service - Microsoft will boost its Azure cloud offering in Japan, adding two domestic data centers to speed response times and improve reliability in the face of natural disasters. The software giant said Thursday that it would add cloud-based hosting services in two regions, one near Tokyo and one in the Kansai region further south. Redundancy is a priority in earthquake-prone Japan, ...
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Jobless Claims Get Better but Remain at High Level
Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 340,000, the Labor Department said on Thursday, pushing back below the 350,000 mark that economists normally associate with a firming job market. Claims for the prior week were revised to show 3,000 more applications received than previously reported. Economists polled by Reuters had expected first-time ...
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Bernanke Confused Everybody Dennis Gartman
Dennis Gartman, founder and editor of The Gartman Letter, says tapering is still up for debate following Bernanke's Congress address and adds that as the underlying economy gets stronger, capital will come out of the equity ...
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House to Vote on Student Loan Plan
Facing a deadline in which federal loan rates would double for 7 million college students, House lawmakers on Thursday are ready to pass legislation that links student loan rates to the financial markets. President Barack Obama has threatened to veto the measure. Under the legislation introduced by Republican Reps. John Kline of Minnesota and Virginia Foxx of North Carolina, subsidized and ...
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Twitter Ups Security to Prevent Further Hacking
Following a spate of high-profile security breaches, Twitter has introduced an optional two-step login for users in an attempt to combat further attacks which it said has cleared the way for tougher security measures in the future. The social media website said users will be asked to register a phone number, which will be verified, and confirm their email address in an effort to prevent accounts ...
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Microsoft recruits Siri to highlight the iPad’s failings
Scroogled " campaign, because Microsoft is just attacking Google rather than focusing on selling its own products. It's a negative campaign dressed up as consumer championing, and I don't think it does the software giant any favours. However, I do like the new Windows 8 commercial which is a clever attack on the Apple iPad (a device I own and ...
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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