Latest Breaking Business News
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June 28 to see News Corp split into two companies
WASHINGTON - Rupert Murdoch's News Corporation Friday announced the planned separation of the $76-billion conglomerate into two distinct publicly traded companies, with one to be renamed 21st Century Fox and the publishing firm to retain the News Corp brand. The split has been formally approved by the Board of Directors. The Company announced appointments to the Boards of Directors of both ...
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Audit records of Chinese firms to be made accessible to US regulators
BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...
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Investments being sought by Croatia for oil exploration in Adriatic Sea
ZAGREB/LONDON - Croatia, soon to become the 28th member of the European Union,- is looking to undiscovered oil and gas fields in the Adriatic Sea to revive its ailing economy, according to the country's president. Ivo Josipovic told CNN that Croatia is searching for partners in the energy sector to help reveal oil and gas "green fields" in the waters that separate the Balkan nations and ...
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Fan fiction authors to find platform on Amazon
WASHINGTON - Amazon, the largest online retailer of books, movies, music and games, Friday offered its Kindle e-book platform to fan fiction authors to sell some of their work. Fan fiction is literature inspired by popular books, shows, movies, comics, music, and games. Publication outside of blogs and online fanzines is often difficult because of copyright issues. Amazon Publishing has ...
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Central bank of China to push forward market oriented reforms
BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...
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Irish biotech firm Elan rejects revised Royalty Pharma bid
DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...
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IMF warns UK against continuing austerity programme
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
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After San Onofre ruling nuke-safety group presses advantage
Spurred on by a ruling on the significance of safety problems at the San Onofre Nuclear Generating Station, the international environmental group Friends of the Earth has redoubled efforts to establish trial-like public hearings on a proposal to restart the power ...
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Coast Highway improvements nearly complete
A nearly yearlong overhaul of Coast Highway 101 in Solana Beach is heading down the home stretch, and local merchants -- at least those who survived a drastic drop in business during the construction -- couldn't be ...
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Why Democrats Cant be Trusted to Control Wall Street
Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown. According to ...
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Top Ten MarketWatch’s top 10 stories May 20-24
-2.61% shares soared after the company reported financial results that outpaced analyst expectations, but those analysts warned that the "turnaround" tale at the high-tech giant may not have a happy ...
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Jersey Shore Ready for Summer After Sandy
Almost seven months after being devastated by super storm Sandy, the Jersey Shore is looking to rebound as the summer season gets underway this Memorial Day weekend, reports CNBC's Kayla ...
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Microsoft still stamping out used games fire
Xbox reveal , though the company did not unveil every bit of information that customers were waiting for. For instance, we still do not know pricing or release date. However, the biggest urbanlegend in circulation -- that of used games -- is under attack from the console maker. On the day of the big reveal, Larry Hrybtook to his blog to assure users "While there have been many potential ...
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Wall Street Week Ahead Investors look for signs in the rallys break
NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward ...
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Ex-Virginia bank executives guilty in financial crisis case
(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday on bank fraud conspiracy and other charges for concealing loan losses in a scheme that contributed to he bank's 2011 ...
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Visa MasterCard Strike Back at Swipe-Fee Settlement Foes
Visa Inc. (V) and MasterCard Inc. (MA) are firing back at retail trade groups trying to derail a pending $7.25 billion settlement over so-called merchant swipe fees.The world's largest payment networks asked a federal judge Friday to rule that their practices for setting fees paid by merchants that accept credit and debit cards aren't anticompetitive, which could limit the type of ...
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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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Microsoft Compliant YouTube Windows Phone 8 app coming meanwhile take the dreadful old version back
sent by Google little over a week ago, today, Microsoft reaches out to me and announces a new update for its homebrew YouTube Windows Phone 8 app. You might want to contain that burning desire to hit the "Update" button though. "Microsoft and YouTube are working together to update the new YouTube for Windows Phone app to enable compliance with YouTube's API terms of service, ...
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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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