Latest Breaking Business News
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MARKET SNAPSHOT U.S. Stocks Break Four-week Winning Streak
NEW YORK – U.S. stocks fell for the first week in five as the prospects of the Federal Reserve starting to reduce its bond-buying stimulus rattled a market trading at historic highs.Friday's losses, however, were mild as investors found some support from a stronger-than-forecast report on demand for big-ticket purchases and after the prior session's improvement in jobless ...
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Argentinas Stocks End Lower Blue Dollar Strengthens
Argentine stocks fared poorly Friday in light trading while the black-market dollar continued to strengthen on media reports that banks will further restrict the ability of customers to withdraw cash while overseas.The Merval index fell 1.34% to 3,509.72 in volume totaling ARS31.3 million ($5.9 million).The power company Pampa Energia SA (PAM, PAMP.BA) led the declines, sliding 3.4% to ARS1.14. ...
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Shareholders are flexing muscles over issue of high executive pay packages
A consultant advised shareholders to vote “no” this year on Coca-Cola CEO Muhtar Kent’s $30.5 million pay package. The company responded with a plan to cap bonus awards if stock returns are ...
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Top UCSD center named Qualcomm Institute
A University of California San Diego institute that's emerged as a leader in finding better ways for people to communicate, stay healthy and protect the environment was named Friday after its largest benefactor, chipmaker ...
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Stocks to Watch Stocks to watch Tiffany United Natural Foods
SAN FRANCISCO (MarketWatch) -- Tiffany & Co. and United Natural Foods will be among the stocks to watch Tuesday after the three-day holiday ...
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Should You Pay Someone to Manage Your 401
Fidelity says the average 401(k) balance topped $80,000 for the first time in Q1, reports CNBC's Sharon Epperson. Niall Gannon, The Gannon Group, and Patricia Powell, Powell Financial Group, ...
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Visa Mastercard ask U.S. court to declare card fees are lawful
An employee stands behind a MasterCard logo during the launch of the international credit card issuer's first ATM transaction in Myanmar, in Yangon November 15, ...
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Man at centre of SNC-Lavalin fraud allegations was key hire by company
MONTREAL - When SNC-Lavalin Group Inc. chief executive Jacques Lamarre met a hot-shot engineer named Sami Bebawi for dinner in mid-1998, he was looking for someone who could help turn around the company’s money-losing construction unit after years of ...
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Take A Secret Look Inside The Cocoon As A Caterpillar Transforms To A Butterfly
0 The transformation of a lowly caterpillar into a graceful butterfly is the kind of shocking fact of nature that's used to get children excited about science, so visible is the transformation, so tangible are the lessons. But what's actually going on inside the cocoon? Typically, scientists have had to dissect them to find out, killing the organism inside as a result, a casualty of ...
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Stocks trade flat market ends week lower for the first time since April
Traders gather at the post of specialist Ronnie Howard, center, on the floor of the New York Stock Exchange Monday, April 29, 2013. Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday May 15, 2013. But lower-than-expected German economic growth disappointed investors elsewhere. (AP Photo/Richard ...
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Metals and agricultural futures prices slip energy futures end mostly lower
Metals prices ended slightly lower Friday, as did agricultural futures. Crude oil ended the week down 2 percent as traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. Gold for June delivery fell $5.20 to $1,386.60 an ounce. Other metals prices also fell. July silver fell 1.2 cents to $22.496 ...
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Energy Stocks Energy stocks fall end week off 0.5
SAN FRANCISCO (MarketWatch) -- Energy stocks fell Friday, ending the week with a loss of 0.5% as gains earlier in the week cushioned heavy losses in recent trading ...
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Iceberg Picnic Goes Wrong in Iceland
A group of American tourists have been rescued from a drifting Icelandic iceberg that broke off from land as they were trying to picnic upon it, complete with folding chairs and table. The five imperiled picnickers are safe, plucked by a small rescue boat from the ice slab floating atop deathly frigid waters of the Fjallsrln glacial lagoon in Iceland, five-and-a-half hours east of Reykjavik. ...
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Bridge Collapse Will Slam Local Economy
The collapse of a bridge on a major West Coast highway could cost the state of Washington at least $47 million in lost economic output, as well lost jobs and tax revenues similar to the impact of a flood five years ago that also shut down another section of the road, officials said Friday. Brian Bonlender, director of the State Department of Commerce, said it would be difficult to pinpoint the ...
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Wal-Mart to sell Fatburger patties
NEW YORK (AP) -- Fatburger, a chain with a devoted following on the West Coast, said Friday it will sell its branded frozen beef patties in Walmart stores nationwide.The Beverly Hills, Calif.-based chain said the beef patties are in select stores now and will roll out nationally over the next several weeks.Fatburger, which was founded in 1952, has about 150 locations globally; half of those are ...
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Infoblox profit forecast beats estimates shares rise
BLOX.N ) reported a better-than-expected quarterly profit on higher demand for its network automation products and forecast current-quarter earnings above analysts' ...
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Justice Department opposes AMRs $20 million severance for CEO Horton
LCC.N ) is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom ...
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Bausch Lombs Ista pleads guilty over kickbacks
(Reuters) - Ista Pharmaceuticals Inc WPRISI.UL pleaded guilty on Friday to charges it used kickbacks and improper marketing to boost sales of a drug meant to treat eye pain and agreed to pay $33.5 million to settle criminal and civil liability, the U.S. Department of Justice ...
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Tech Stocks Salesforce Google losses hit tech stocks
SAN FRANCISCO (MarketWatch) -- A sharp drop in shares of Salesforce.com sparked a slump across the corporate-software-vendors group and led the broader tech sector into the red ...
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Markets Post Weekly Loss Snap Four-Week Streak
FOX Business: Capitalism Lives Here The S&P 500 slid more than 1% this week in its first weekly loss in five amid worries about when the Fed will begin tapering its vast asset-purchase program. Today's Markets The Dow Jones Industrial Average rose 8.6 points, or 0.06%, to 15303, the S&P 500 dipped 0.91 point, or 0.06%, to 1650 and the Nasdaq Composite slipped 0.28 point, or ...
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Colombia Stocks Rise Led by Banco de Bogota Peso Weakens
BOGOTA, Colombia – Colombian stocks rose Friday, led by a rise in banking stocks, while the peso plunged to a 16-month low.The Colcap index, a benchmark for the Colombian Stock Exchange, rose 0.3% to end at 1,704.66 points. Shares of financial firm Banco de Bogota rose 2.8% to COP70,000.Colombia's currency, the peso, ended at COP1,878.95 for a dollar, from COP1,865.99 a day earlier. ...
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Norway Oil Fund Voted to Separate J.P. Morgan Posts
The leadership of Norway's $740 billion oil fund voted at J.P. Morgan Chase's (JPM) annual meeting to separate the roles of chief executive and chairman at the bank, Norges Bank Investment Management chief executive Yngve Slyngstad said Friday.After facing some criticism in national media for keeping his voting secret on whether Jamie Dimon should remain as both CEO and chairman of the ...
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US stocks flat as bulls get cautious
NEW YORK (AFP) - US stocks closed flat Friday, reeling in early losses but showing caution following Japan's Thursday plunge and ahead of the three-day US Memorial Day holiday weekend.At the closing bell, the Dow Jones Industrial Average added 9.06 points (0.06 percent) at 15,303.56.The broad-based S&P 500 was down 0.88 (0.05 percent) at 1,649.63, while the tech-rich Nasdaq Composite ...
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The close TSX slightly higher Wall Street mixed
The Toronto Stock Exchange closed slightly higher, pulled down by declines in most sectors, particularly gold, but boosted by a 13 per cent spike in shares of Valeant Pharmaceuticals International.The S&P/TSX composite index finished up 9.13 points at 12,667.22. The Canadian dollar was down 0.25 of a cent to 96.89 cents ...
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Stocks fade on Wall Street post their first weekly loss in a month
NEW YORK - Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month. The Dow Jones industrial average edged up eight points to 15,303 Friday, a gain of 0.1 percent. The Dow was supported by a big gain in Procter & Gamble. The Standard & Poor's 500 fell a point to 1,649, or 0.1 percent. The market had its first weekly loss in five ...
Spain Feature
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Spain drags its feet on cloud computing
Cloud computing, a new computing model seen by many as a major advancement in information technology, has been catching on in many developed parts of the world due to the significant benefits the new system offers, but in Spain, where experts say it may be most useful, it has failed to find a home.
Spain is traditionally known as a country that does not like to take risks and likes to maintain the status quo, for this reason other new technologies such as 3-D televisions and the like have not caught on either. But, whereas 3-D TV is a service that is marketed as enhancing one’s viewing pleasure and therefore costs more, cloud computing is a new service that offers real-world savings financially. Read more
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