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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USDA to spend $38M to support sugar prices
The U.S. government will intervene in the sugar market for the first time in more than a decade, spending up to $38 million in an effort to forestall a later bailout of sugar producers -- including those in Minnesota -- that could cost over $300 ...
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Goodwill to open in La Jolla
The new store, at 7631 Girard Ave., is just under 1,600 square feet and will feature primarily clothing and accessories, with a smaller-than-average housewares section, said Sharon Corrigan, communications director for Goodwill Industries of San Diego ...
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RSF stock promoter charged with fraud
A Rancho Santa Fe stock promoter has been accused of fraudulently arranging the purchase of $2.5 million worth of shares in a penny stock in an effort to boost its ...
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After Hours Adobe rises La-Z-Boy flat after hours
SAN FRANCISCO (MarketWatch) -- Adobe Systems Inc. and La-Z-Boy Inc. shares were in focus after hours Tuesday following an upbeat trading session that saw the major U.S. stock indexes put in solid ...
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Wall Street Rises on Fed Hopes Dollar Gains on Yen Health-Care Cost Inflation to Stunt in 2014
Wall Street Rises on Hopes for Fed Status Quo, Outcome Uncertain (Reuters) Stocks soared today due to growth-oriented sectors rallying on expectations that the Fed will maintain its current level of bond purchases when it issues its policy statement tomorrow. The Fed began its two-day meeting today, and traders are still debating whether the Fed will begin to wind down its purchases of $85 ...
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US stocks move higher ahead of Fed meeting
This is a bitter lesson to us: In matters concerning Pakistan one should not totally trust the US. They would do anything to ensure that no harm came to Pakistan, said ...
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Wall Street Journal Columnist Calls Allegations Of Sexual Assault ‘A He-SaidShe-Said Dispute’
an op-ed for the Wall Street Journal on Monday night, detailed a set of allegations of sexual assault in the military before concluding that they amounted to a ';he-said/she-said dispute'; that only revealed ';a political campaign against sexual assault in the military that shows signs of becoming an effort to criminalize male sexuality.'; All of it, he argues, amounts to a ...
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Power Lunch Power Summit
Check out "The Power Summit" this Thursday, June 20th, on Power Lunch. CNBC will host investment leaders from 5 big Wall Street firms and answer the question: Where is Wall Street headed in the second half? This Thursday at 1pm ...
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What worried owners can do about Jeep recall
Chrysler and the federal government have finished wrangling over whether a Jeep recall is warranted, with the automaker agreeing Tuesday to a voluntary recall of 2.7 million Jeep models. Earlier this month, the National Highway Traffic Safety Administration asked Chrysler to voluntarily recall Jeep Grand Cherokees in model years 1993 to 2004 and Libertys in model years 2002 to 2007. Based on its ...
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London I Regret Everything Take Full Responsibility
Former KPMG auditor Scott London says he made about $70,000 in the insider trading scheme, and plans to plead guilty to securities fraud, reports CNBC's Jane ...
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Google putting consumers at risk state AG says
Google is being accused of "assisting in the sale of prescription drugs without a prescription and intentionally ignoring reports of rogue pirate sites selling stolen music, movies, software and video games." Three state attorneys general want Google to change the way its search engine displays results. Mississippi Attorney General Jim Hood hasn't filed any charges against the ...
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Millions Of Jeeps Recalled Over Fuel Tank Fears
Chrysler has avoided a showdown with government safety regulators, agreeing to recall 2.7 million older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire. Earlier this month the company defiantly refused the government's request to recall the Jeeps. But Chrysler now says it will go ahead with the recall after getting calls from worried customers. The ...
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Ex-fund managers can remain free during U.S. insider trading appeal
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once ...
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Chrysler relents to recall 2.7 million Jeeps over fuel tanks
DETROIT (Reuters) - Chrysler Group LLC said it would recall 2.7 million older Jeep models after initially fighting a recall request from U.S. regulators in a dispute over crash protection for their fuel ...
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Exclusive Facebook reaches 1 million active advertisers
(Reuters) - Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue ...
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Deloitte to pay $10 million to settle misconduct accusations
NEW YORK (Reuters) - A financial advisory unit of Deloitte LLP has agreed to pay $10 million and accept other New York state penalties to settle accusations of misconduct related to an investigation of money laundering at Standard Chartered ...
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Adobe profit falls but earnings beat Street
SAN FRANCISCO (MarketWatch) - Adobe Systems Inc. on Tuesday reported a fiscal second-quarter profit of $76.55 million, or 15 cents a share, compared with a profit of $223.88 million, or 45 cents a share, for the year-earlier period. Revenue fell to $1.01 billion from $1.12 billion. Adjusted profit was 36 cents a share. Analysts polled by FactSet on average were expecting the business software ...
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Microsoft Makes A Few Advertising Announcements At Cannes Lions
Microsoft has some advertising news today out of Cannes Lions. Last year at Cannes, Microsoft Advertising’s Yarn announced it would be working in partnership with creative agencies and brands on some new ad experiences. Today, they announced a new wave of prototypes they developed with agencies like BMB, Razorfish, Rooster Worldwide, UM, and VML and brands like All Saints clothing, ...
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Facebook says it has one million advertisers
Facebook Inc. has revealed that one million advertisers are now actively advertising on the world’s largest social network - the first time it has made such data on its advertisers public. The Menlo Park, Calif.-based company attributes this growth, not to big brands and marketers who have been using the Facebook platform to advertise for years, but to small, local businesses that have ...
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Orbite strikes deal to sell alumina to Glencore
Emerging alumina company Orbite Aluminae Inc. has secured a top-notch customer for its product. Now it hopes that same customer will provide much-needed capital for its proposed processing plant in Quebec. Montreal-based Orbite announced on Tuesday that commodity giant Glencore Xstrata PLC agreed to buy 100% of its alumina production from the Quebec plant for an initial period of 10 years. ...
Afghanistan Feature
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Why should American troops remain in Afghanistan?
Afghanistan is widely regarded, even by its own people, as a puppet state, and has little hope of breaking away from US influence in the foreseeable future, there is wide-spread resentment toward foreign troops, and increasingly loud calls in the states for a withdrawal of troops. But, like or not, these two countries have been tied together irrevocably, even before the war on terror.
Since the invasion of Afghanistan by allied forces in 2001, the country’s destiny has in many ways not been its own. Read more
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