Latest Breaking Business News
RSS-
China HSBC flash PMI hits 7-mth low fans growth fears
The flash HSBC Purchasing Managers' Index (PMI) for May fell to 49.6, slipping under the 50-point level demarcating expansion from contraction for the first since October. The final HSBC PMI stood at 50.4 in ...
-
Investment firms sue exchanges in dispute on improper fee charges
(Reuters) - A group of investment firms including Citadel Securities LLC sued the Chicago Board Options Exchange Inc and four other exchanges on Wednesday for improper charges on millions of options trades over a seven-year ...
-
Home sales prices up during April in Minnesota U.S.
Home sales in Minnesota and across the country posted modest gains last month, while prices increased by double digits, according to a pair of reports released ...
More Breaking Business News
RSS-
Xcel Energy changes top managers in Minnesota
In the face of regulatory challenges in Minnesota, Xcel Energy Inc. on Wednesday assigned a veteran executive to run its division in the state after promoting regional CEO Judy Poferl to corporate ...
-
Koalas have a new hangout at SD Zoo
Designed to mimic the animals' Australian homeland, the $7.4 million exhibit not only includes a brand-new habitat with more enclosures for the tree-perching koalas, but also aviaries and dedicated areas for wallabies and wombats -- all accented with Aussie architecture, plantings and 8-foot-to-15-foot-tall Aboriginal-inspired totem ...
-
Australian Market Declines On Wall Street Cues
The Australian stock market is trading weak on Thursday with investors pressing sales at several counters, tracking cues from Wall Street where stocks tumbled overnight amid doubts about further stimulus from the U.S. Federal Reserve.Financial, consumer staples, industrial and property trusts stocks are trading weak, while mining, energy and healthcare stocks are trading mixed.The benchmark ...
-
James Moore While RBS and Lloyds are just capital speculation starts about the small fry
Is that the conclusion we are supposed to draw from yesterday's unscheduled "we're all OK, honest" announcements from Lloyds and Royal Bank of Scotland? It's rosy in their (capital) gardens, they say, which will grow through a "strongly capital-generative core business" plus a few more disposals (Lloyds) and "delivery against against its business ...
-
QA Microsoft Games boss on Xbox One lineup Spielbergs Halo and more
Microsoft’s unveiling of the Xbox One console on Tuesday mostly showed off the system’s entertainment capabilities. The next big Xbox event, on June 10 in Los Angeles, will be mostly about games. For a preview I buttonholed Phil Spencer, vice president of Microsoft Game Studios,on ...
-
Volatile Trading Day Keeps Focus on Fed Jobs Data
Volatile trading in stocks and bonds could continue as investors sort out what's going on with the Fed and whether markets have come to some sort of inflection point. That makes every bit of economic data even more important, since the Fed has made clear its path will be determined by the progress of the economy, and employment in particular. ...
-
Xbox One Has Microsoft lost the name game in the console war
On Tuesday, before a roomful of panting games journalists and sore-thumbed enthusiasts, Microsoft unveiled its latest games console. The curtain was pulled, and the Xbox One was revealed. As gamers ruminated on the implications of the 'box (not hardcore enough? Better than the forthcoming PlayStation 4?), some of us were left ...
-
Hewlett-Packards slump continues as revenue drops 10
Hewlett-Packard Chief Executive Meg Whitman has repeatedly warned that HP's revenue might not start growing at an acceptable rate for another year or ...
-
HP earnings fall 31 percent but surpass expectations
Hewlett Packard CEO Meg Whitman Hewlett-Packard Co. reported second quarter earnings Wednesday, showing earnings per share of $0.55 or $1.1 billion, a 31 percent decline in earnings from a year ago. Adjusted earnings came in at $0.87 a share or $1.7 billion, exceeding analyst expectations of $0.81 a share. Net revenue fell 10 percent to $27.6 billion, and cash flow came in at $3.6 billion, a 44 ...
-
Wall Street pours cold water on Targets weather excuses
Target blamed the weather for slow sales, but analysts don’t think that’s the whole story. The retailer’s stock fell 4 ...
-
Blu-ray patent group sues Imation over blank discs
Sony Corp. and three other companies that helped invent Blu-ray movie discs sued Imation Corp., claiming the data-storage company broke patent laws by selling blank, recordable versions of the ...
-
HPs slump deepens in second quarter as earnings fall 32 percent
Hewlett-Packard Co. reported Wednesday that quarterly earnings fell 32 percent from a year ago. But the company’s stock rose in extended trading after the company’s forecast came in above analysts’ ...
-
GM recalls more than 27000 Cadillac crossovers with wheel issue
GM said on Wednesday it knows of no crashes or injuries due to the issue and that no wheels have separated from the sport utility vehicles built on car-based ...
-
ICBC Chinas Largest Bank by Assets Promotes Vice President to President
Industrial & Commercial Bank of China Ltd. (1398.HK), China's largest bank by assets, has appointed vice president Yi Huiman as president, replacing Yang Kaisheng who will retire.Mr. Yi, 49, joined the bank in 1985 and was named as vice president in 2008, state-owned ICBC said in a statement to the Shanghai Stock Exchange. The appointment is subject to approval from Chinese regulators, ...
-
AEA Investors Hires Banks for CPG International Sale Sources -Reuters
Building products maker CPG International may be sold by its private equity owner, AEA Investors LP, for between $1 billion and $1.5 billion, the Reuters news agency said Wednesday on its website, citing three unnamed people familiar with the matter.AEA Investors has hired Barclays PLC (BCS) and Deutsche Bank AG (DB) to find a buyer for CPG, the people were quoted as saying in the report.CPG is ...
-
Australia shares down after Wall St drops awaiting China PMI
Wed May 22, 2013 8:27pm EDT (Updates to open) SYDNEY May 23 (Reuters) - Australian shares fell 0.4 percent early on Thursday, after Wall Street retreated over worries that the U.S. Federal Reserve may consider winding back its economic stimulus programme. Investors will watch for HSBC's early manufacturing report on China, Australia's biggest export market, for clues to China's ...
-
UPDATE 1-Ford to close Australia auto plants - reports
Wed May 22, 2013 8:24pm EDT * Ford to end Australia production by 2016 - reports * Strong Australia dollar, cheaper imports hurt local manufacturers * Australian economy at risk as mining boom peaks, other sectors sluggish * Govt previously committed A$5.4 bln to support car manufacturers to 2020 CANBERRA, May 23 (Reuters) - Ford Motor Co is set to announce it is closing its two Australian auto ...
-
Ed Miliband a googly for tax avoiders | Editorial
Ed Miliband is pretty clear about how he would like to distinguish the Labour party he leads from the Labour party that went before. He aims to be readier than Blair and Brown to challenge the powerful in general, and the economically mighty in particular.Over three years, we've seen flashes of both halves of that - in, for example, his determination to take Wapping to task over phone ...
-
Gross Fed Likely to Start Tapering by Fall
Pimco's Bill Gross says an inflection point is approaching and he thinks the Federal Reserve will probably start tapering its bond buying by ...
-
Microsoft caves in cripples YouTube for Windows Phone 8 with the latest update
On Wednesday, Microsoft rolls out an update for its YouTube Windows Phone 8 app which takes away the ability to download content from the popular video-sharing website. The latest iteration arrives one week after Google sent ...
-
UPDATE 1-U.S. House votes to force approval of Keystone pipeline
Wed May 22, 2013 7:53pm EDT By Ros Krasny WASHINGTON May 22 (Reuters) - The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on the project away from the Obama administration. The Republican-controlled House voted 241-175 ...
-
Bernanke comments hit US stocks Australian dollar
United States Wall Street saw its biggest one day swing in six months and the Australian dollar dropped overnight as investors raised concerns that the US Federal Reserve will scale back its stimulus program shortly.Markets initially rose as Federal Reserve chairman Ben Bernankeaddressed Congress saying the quantitative easing program is providing significant benefits to the American economy ...
Brunei Featured
-
New Focus on Brunei's Schools
Brunei has an education system to be proud of, which has made the recent discovery of dirty and badly maintained toilet facilities at 180 schools all the more unacceptable for the Ministry of Education.
Brunei has one of the best systems of education in the region. As a country, Brunei spends over 10% of its government budget on education, among children in the country there is a 99% literary rate, and schooling for all citizens is free (while foreign residents pay only a small charge). Read more
News from around our Network
