Latest Breaking Business News
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Futures Movers Oil prices decline break away from $96
LOS ANGELES (MarketWatch) -- U.S. crude-oil futures slipped Monday, pulling back from gains in the previous session after a firmer view of the economy by consumers raised prospects for energy ...
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Tesco’s clothing brand plans expansion
London - The clothing brand sold by Britain's biggest retailer Tesco said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five ...
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Microsoft organises information technology workshop for students
Accra, May 20, GNA - Microsoft, a global ICT giant, has organised an information technology workshop, to motivate Ghanaian students to develop applications that can be used to solve real life problems in Ghana and the African ...
More Breaking Business News
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Why This Week Could See Start of of Risk-Off
We have seen bouts of reality emerging in phases, which have subsequently been washed over by the relentless search for yield, Slovenia's bond issue last week being a classic example. However, the deteriorating economic and political triggers in Europe appear likely to cause a bout of serious risk-off, starting early this ...
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No Love for Metals - Silver Gets Slammed
. The metal fell victim to heavy selling on Monday, dragging gold down with it, on U.S. dollar strength and as investors turned more cautious on precious metals as an alternate investment, said experts. "We feel silver weakness has been a liquidation trade as investors grow increasingly wary of precious metals and traders are forced to close positions to meet margin calls elsewhere," ...
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Chesapeake Energy hires Anadarko executive as CEO WSJ
APC.N ) as chief executive, filling the post vacated by co-founder Aubrey McClendon, the Wall Street Journal reported, citing people familiar with the ...
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Analysis Shrinking deficit reduces pressure for budget deal
WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be ...
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Insight The road to a greener America is littered with road-kill
Apart from the relative success of Tesla Motors Inc in putting nearly 10,000 of its pricey luxury electric cars on the road, the electric vehicle sector has been among the biggest duds in clean ...
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Expectations high for Microsofts next Xbox game system
In this June 18, 2012 photo, Microsoft CEO Steve Ballmer comments on Microsoft Xbox before unveiling its new Surface. With the next Xbox expected to finally be revealed Tuesday at Microsoft's headquarters in Redmond, Wash., anticipation for what the company is planning for the next iteration of its gaming console is higher than Master Chief's last spaceship. (Damian ...
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PRESS DIGEST - Wall Street Journal - May 20
Mon May 20, 2013 1:38am EDT May 20 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * New York's top financial regulator subpoenaed a handful of Wall Street investment firms about their entries into a corner of the insurance industry that guarantees steady payments to hundreds of thousands ...
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New Xbox will be star of show at Microsoft event
The video-game industry’s health meter is blinking red, and its ammo belt is nearly depleted. Industry players are crawling through the darkness, frantically looking for first-aid kits and new weapons to get back into the action. Down one path a pulsing green light beckons, promising resuscitation, new capabilities and another round of fun. The light is coming from Redmond, where on ...
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SAC Capitals Cohen gets subpoena to testify NY Times
Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, responds to a question during a one-on-one interview session at the SkyBridge Alternatives (SALT) Conference in Las Vegas, Nevada May 11, ...
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A Look Ahead This Weeks ETFs to Watch
Sell in May and go away? Try again next year. After last week's gains, the S&P 500 is sitting on a 4.4 percent gain for the month heading into Monday's trading session. The benchmark U.S. index now resides less than 40 points away from the lofty 1,700 level. Indeed, this rally has plenty of critics, but talk from the naysayers has proven to be cheap and, more importantly, wrong. In ...
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Insight The fight for North Dakotas fracking-water market
WATFORD CITY, North Dakota (Reuters) - In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for ...
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Analysis At margins of shale oil boom a tempered euphoria
HOUSTON/NEW YORK (Reuters) - For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced to secure space in new pipelines to get their crude to ...
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Dreamliner Back in Action After Hiatus
United Airlines 787 will fly from Houston to Chicago Monday morning carrying more than 250 passengers including the CEO's of United and Boeing. Given the massive amount negative publicity, including video of one Dreamliner with smoke drifting out of it in January, there are many wondering if people will be afraid to fly the plane. "There may be some who are concerned about flying on ...
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Should You Pay Off Your Exs Debt
and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks. In other words, divorces can get messy -- sometimes really messy -- and it should come as no surprise that money is often at the root of the problem. Getting through the divorce is hard enough, but the money problems don't always end when the papers are signed. In fact, joint ...
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Stem cell tech may help mitochondrial disease
production of genetically matched human embryonic stem cells holds potential for treating mitochondrial disease, because the matching is not precise. Somatic cell nuclear transfer, the method that produced Dolly the sheep, duplicates nuclear DNA from the donor nucleus, but not the mitochondria, which are those of the egg cell receiving the ...
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Japanese Market Trades Higher On Wall Street Lead Weaker Yen
The Japanese stock market hit a new five-and-a-half year high on Monday, buoyed by Wall Street's gains on Friday and a weaker yen.In late-morning trades, the benchmark Nikkei 225 Index is trading at 15,323.49, up 185.37 or 1.22 percent, after climbing to 15,297.73, the highest intraday level since December 28, 2007.In the banking space, Mitsubishi UFJ Financial (MTU) is adding 0.29 percent ...
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Grill and beer it
When you celebrate Memorial Day by throwing some dogs on the grill, you’ll need something to wash them down. That’s where these mags can come in.If you prefer your beers micro, fruity, infused with chocolate or laced with the heat of a thousand fire-kissed jalapenos, ...
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Turness in furnace Hot day at NBC News
Incoming NBC News boss Deborah Turness better be a quick learner - her to-do list is already overflowing.While dealing with a recently cooled MSNBC and a faltering "Meet the Press" is enough to keep the first woman to head the Peacock network’s news division busy, the hugely underperforming "Today" show is certainly at the top of the list.Ad sales at the division are ...
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Park it right there
When Barrel, a Little Italy-based digital agency, moved and designed its new office space from scratch in August, its brass envisioned a work environment tailored to the tastes of the growing company, and at the same time lent itself well for collaboration.The company’s new work space features small purple stools scattered throughout the office so co-workers can park quickly at each ...
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Oil Holds Above $96 on US Economic Data
U.S. crude futures were steady in early Asian trading on Monday, holding above $96 a barrel after rallying last week on positive economic data in top oil consumer the United States. U.S. consumer sentiment in early May rose more than economists had expected, with more Americans giving favorable views about their financial and economic prospects, particularly among upper-income ...
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Woah Time to Slow That Yen Fall
steep decline and Japan's policymakers are starting to voice their concern about the pace of the currency's move. The yen pulled back from four-and-a-half year lows against the dollar on Monday following a report in the Wall Street Journal that cited Japanese economy minister Akira Amari as saying the yen's excessive strength has now been largely corrected and further weakness in ...
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Goldman Sachs to Invest in Japan Green Energy
TOKYO – Goldman Sachs plans to pour about Y300 billion ($2.9 billion) into Japanese renewable energy projects over the next five years, having determined that a long-term scheme here to buy renewables at fixed rates will provide a stable source of income, the Nikkei reported in its Monday morning edition.The U.S. investment bank recently set up a wholly owned renewable energy management ...
Lebanon Explored
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Lebanon on the up despite uncertainty over future conflicts
Lebanon has seen strong economic growth since the 2006 war between Israel and Lebanon and the tourism sector, along with construction is experiencing strong signs of confidence from investors. If all goes well, the country may be able to shake off perceptions in the international community of a war-torn and politically unstable country.
The war in 2006 between Hezbollah and Israel had a severe impact on Lebanon. Tourism in 2006 plummeted as international holidaymakers shied away from a country seen as unstable, plagued by an internal lack of security and on the verge of another war, as Israel warned of future military action if the government did not do more to disarm Hezbollah. While some progress has been made in this regard, the greater achievement is the country’s resurgence in the areas of investment, construction and tourism even as the global economy quivers at the edge of a possible second downturn in Europe. Read more
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