Latest Breaking Business News
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Re-privatising East Coast rail makes no sense | Sheila Gilmore
'East Coast has proven refreshingly good at what it does. The trains are clean and punctual and journey times have been cut.' Photograph: ...
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Arm drops on worries about Nvidia competition
is continuing to slide on growing competition worries.Intel is entering its key tablet and smartphone market, with Arm's move into servers not certain to make up the difference. Now a new competitor is emerging in Nvidia, and analyst Anil Doradla at William Blair ...
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Dixons sales rise after collapse of Comet
Dixons Retail, owner of Currys and PC World, ended the year with 42.1m of net cash, having started it with 104m of net debt. Photograph: Rui ...
More Breaking Business News
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Mining shares lead FTSE slump after Bernanke and Chinese disappointments
With commodities plunging in the wake of the US Federal Reserve signalling an end to quantitative easing and poor economic data from China, mining companies are leading markets sharply lower.Fed chairman Ben Bernanke unveiled plans to start scaling back its $85bn a month bond buying programme later this year, depending on economic data, while China's manufacturing sector weakened to a ...
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Eurozone downturn eases as output falls at slowest rate for 15 months
Eurozone downturn in manufacturing and services eased in June as output fell at slowest rate for 15 months. German output rose for second straight ...
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Markets Fed more optimistic on US growth Prepares to wind-down bond programs
Financial markets - - which have been boosted by easy money - - reacted by sending the Dow Jones Industrial Average down 206.04, or 1.35%, at 15112.19. The Standard & Poor's 500-stock index ended the day down 1.39%, or 22.88 points, to 1,628.93 - - its worst performance this month. Yields on 10-year Treasury notes rose 0.126 percentage point to 2.308%, the highest level since March ...
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Chancellor Jeffrey Osborne Obama Makes Gaffe
George Osborne suffered an embarrassing case of mistaken identity this week when US President Barack Obama confused him with a black soul singer. Mr Obama repeatedly referred to the Chancellor as "Jeffrey" as he made a speech on tax avoidance to world leaders at the G8 summit. As Mr Osborne spoke, Mr Obama said three times that he agreed fully with "Jeffrey". The ...
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UK Retail Sales Jump On Discounting
UK retail sales jumped in May as supermarket discounting and online business drove a better than expected performance for the sector. The Office for National Statistics (ONS) said that volumes rose 2.1% in May following a 1.1% fall the previous month - partly blamed on bad weather hitting demand for summer fashions. Today the statisticians pointed to a 3.5% month-on-month rise in food ...
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AIRSHOW-Airbus pieces together air show order finale
The order tallies from both planemakers included major purchases of narrowbody medium-haul jets from Europe's two biggest low-cost carriers, Ryanair ...
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Euro zone business slump eases but second quarter contraction likely PMI
LONDON (Reuters) - The euro zone's private sector slump has eased more than expected this month, business surveys showed on Thursday, but a continued slide in new orders suggested a full recovery is still some way ...
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Asia dominates worlds most expensive office spaces report
NEW YORK (Reuters) - Five of the six most expensive office areas in the world are in Asia, as demand by global companies to locate their outstripped the supply, according to a semiannual report released on Thursday by real estate services company CBRE ...
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European stocks dive at open on Fed news
LONDON (AFP) - European stock markets fell sharply in opening deals on Thursday, in line with a global retreat after the US Federal Reserve signalled it would wind down its massive quantitative easing stimulus programme later this year.In initial trading, London's benchmark FTSE 100 index sank 122.35 points or 1.93 percent to 6,226.47 points at 9:04 am, while Frankfurt's DAX 30 dived ...
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Alcoa Forms Closed-Loop Program with Boeing for Aluminum Aerospace Alloy Recycling
Boeing and Alcoa today announced they have formed a closed-loop program to significantly increase the recycling of internal aluminum aerospace alloys used during the production of Boeing airplanes. The announcement was made at the Paris Air Show at Le Bourget, ...
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House to vote on cuts to crop insurance as part of wide-ranging farm bill
WASHINGTON -- The House will vote Thursday on whether to cut federally-subsidized crop insurance that helps farmers when they lose crops or revenue. The amendment by Rep. Ron Kind, D-Wis., would limit government help for crop insurance paid to wealthy farmers and limit the subsidies the government gives crop insurance companies. A vote on the amendment is one of several expected on the ...
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Microsoft makes u-turn on Xbox One features
Microsoft has reversed plans to implement a number of features on its upcoming Xbox One gaming console after a wave of criticism online. The company has initially suggested that the Xbox One could block the use of second-hand games, stopping users from trading in old games or swapping software with friends. Gamers also expressed distaste for a requirement that the console be connected to the ...
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Xbox One U-turn - has Microsoft done enough
Microsoft has responded to global outcry by abandoning plans to require daily online authentication and to restrict sharing of games on its forthcoming Xbox One console. Xbox president, Don Mattrick, said the decision came after 'candid feedback' from gamers - there had been much outcry and talk of boycotting the console. However Microsoft did not move to address concerns over a price ...
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BIS Government must match rhetoric with action on equal pay
Pay Act enshrined in law the principle that men and women doing the same or comparable work should be paid the same amount. Four decades on, we are still waiting for true ...
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Where pampering pooches is providing business opportunities
In a climate of austerity, people may be resigned to curbing their spending on themselves, but they are not prepared to inflict the same frugality on their pets.According to the latest Mintel Pet Food and Supplies report, sales of dog food reached a record 1bn in 2012, a trend driven by growth in the nation's treat culture. Perhaps more tellingly, 66% of pet owners admitted to ...
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Live QA How to pitch to investors
It can be hard to work out what's important when planning a pitch - for example, how important is buying a new suit for the big day? Photograph: David Sillitoe for the ...
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Shares slide after Bernanke hints at end to stimulus - live
The nine-month low raised new fears over the strength of China's economy, which already appeared to be losing some impetus. The flash HSBC Purchasing Managers' Index fell to 48.3 in June from May's final reading of 49.2, which means a sharper contraction in ...
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Thursday Newspaper Review - Irish Business News and International Stories - - June 20 2013
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
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Microsoft rows back on Xbox One limits
Microsoft has rolled back a much-criticised requirement that its upcoming Xbox One gaming console be regularly connected to the internet, and made clear that there will be no limitations on sharing games.Microsoft has been criticised for vague statements about whether it will allow Xbox One buyers to play secondhand software. Gamers also expressed distaste for a requirement that the console be ...
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Microsoft will pay you to successfully hack Windows
announces that it will be offering direct cash payments"in exchange for reporting certain types of vulnerabilities and exploitation techniques". No, Microsoft has not gone crazy (at least I hope). Companies usually offer such bounty programs for sane reasons -- security and publicity. From a security standpoint, it makes sense for Microsoft to invite people to hack its products. When ...
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UPDATE 2-UK watchdog says Lloyds must raise $13.5 bln capital
Thu Jun 20, 2013 3:59am EDT * Regulator sees 27.1 bln stg capital shortfall at 5 banks * Introduces leverage ratio ahead of global deadline * RBS, Lloyds say no need to issue new shares, debt * Barclays, Nationwide asked to cut leverage By Huw Jones and Matt Scuffham LONDON, June 20 (Reuters) - Lloyds Banking Group must plug a capital shortfall of 8.6 billion pounds ($13.5 billion), ...
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Sony CEO asks for patience as shareholders press on spinoff plan
Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to ...
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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