Latest Breaking Business News
RSS-
Al Jazeera to launch US channel in August
WASHINGTON - Al Jazeera's new American channel coming in summer hopes to be different with lesser focus on celebrities or other tabloid fodder found on U.S. television news. Al Jazeera America hopes to stand out with a diet heavy on "fact-based, in-depth, long-format news." According to Ehab Al Shihabi, executive director of international operations for Al Jazeera Media Network, Al Jazeera ...
-
Private drug firm Aragon being acquired by Johnson and Johnson
WASHINGTON - Healthcare products conglomerate Johnson Johnson is buying privately-held Aragon Pharmaceuticals in a near $1 billion deal to gain control of its experimental drugs for prostate cancer. The acquisition of Aragon Pharmaceuticals includes its androgen receptor antagonist program targeting the treatment of prostate cancer, including its primary product candidate in phase 2 ...
-
No direct access provided to servers, says Apple
WASHINGTON Technology giant Apple Monday revealed that over the last six months it had received between 4,000 to 5,000 requests for customer data from U.S. law enforcement authorities relating to criminal investigations and national security matters. The disclosure comes on the heels of similar statements and data from the Microsoft and Facebook Inc last week after reaching a deal about ...
More Breaking Business News
RSS-
Australian consumer body reports $94mn losses due to shopping scams
SYDNEY - Australian consumers were fleeced of nearly $94 million last year due to various marketing scams, with the majority being perpetrated using text messages and direct calls, Australian Competition and Consumer Commission said in its latest report. The actual number of losses due to scams could be much higher because many go unreported, stated ACCC Deputy Chair Delia Rickard. The ...
-
Chevron begins production and shipment from Angola LNG
SAN RAMON, California - Production and shipment of liquefied natural gas (LNG) from Angola by Chevron Corporation's subsidiary Cabinda Gulf Oil Company Limited has commenced with the first consignment being sent to Brazil, the global energy giant has confirmed. Angola LNG is one of the largest energy projects on the African continent. "First gas at Angola LNG is an important milestone in ...
-
Ford Motors to increase car exports out of India CEO
Global automobile major Ford Motor Company considers India as a major market for it to grow as well as ship out more cars to other markets even as it is bringing down production in line with the demand in Europe, said a top company official. Betting big on the 'B' or compact car platform/chassis, the company also hopes to generate higher sales volume from the Asia Pacific region in few years ...
-
Fear corruption economic woes cause low vaccination rates in Ukraine _ stirring polio fears
KIEV, Ukraine -- When the time came to vaccinate her 4-year-old daughter, Yelena Hlushko hesitated, spooked by widespread fears in Ukraine about vaccines and by a boil her older child developed after an immunization shot. Eventually she decided to follow the government's recommendation -- only to find her local health clinic was out of the vaccine. A combination of suspicion, funding ...
-
Devils looking at angel investors
EXCLUSIVE The New Jersey Devils must have a guardian angel.The National Hockey League is in talks with two investors about taking a minority stake in the money-losing team, The Post has learned. The deal under discussion with ex-Tampa Bay Lightning owner Oren Koules and former pro hockey player Brian Lawton would allow the pair to take eventual ownership of the cash-strapped franchise if they ...
-
Pork ‘chop’ squeal Starboard objects to a company move
Move over, Carl Icahn: There’s a new troublemaker in town. Jeff Smith, the CEO of $1 billion hedge fund Starboard Value - while much more low-key than the tough-talking, Far Rockaway-bred Icahn - is nonetheless fast becoming one of the most aggressive Wall Street saber-rattlers.The 41-year old investor proved that yesterday when he urged the board of Smithfield Foods to abandon its $4.7 ...
-
Glamour gains a new boss
Connie Anne Phillips, a star publisher at Time Inc.’s InStyle until just recently, is returning to Conde Nast, where she will take over for Bill Wackermann as publisher of Glamour magazine. Wackermann - a "Mr. Fix It" who didn’t quite get the job done this time - will move to Conde Nast Traveler as executive vice president and publications director. Last week, ...
-
Apple beat up publisher US
Apple threatened to keep the books from one publisher off its iPad because the company wouldn’t agree to all of its demands, a federal court judge was told yesterday.Random House, the last holdout among major publishers in 2010, had its app killed as part of the tech titan’s hardball tactics while negotiating e-book prices, government lawyers argued.The publisher only agreed to ...
-
Metals Stocks Gold futures dip as Fed tapering questions linger
LOS ANGELES (MarketWatch) -- Prices for gold futures moved lower Tuesday, a cautious direction for the market as investors faced the possibility that the U.S. Federal Reserve will decide to slow the pace of its stimulus ...
-
Coca-Cola and BET Networks Join Forces to Preview Talented Teens
Coca-Cola and BET Networks said they are heating up the season for talented teens by offering an exclusive opportunity to perform with young hip-hop star Diggy on the No. 1 video countdown show on TV. According to a release, for the fifth year, Coca-Cola will be the exclusive on-air and digital sponsor of BET Network's "106 & PARK's Wild Out Wednesdays," setting the stage ...
-
Forget the excuses heres how Britain can tax the rich | Polly Toynbee
Tax is the root of all politics. What parties think about tax defines them. Tories are always low-tax by nature, by creed and by greed, eager to brand Labour the high-tax party. In office Labour ducked and weaved, adopting Tory language where all tax is a "burden", and all tax cuts good. But at least in theory, all parties agree tax should be collected.David Cameron ...
-
Irish Pensions Burton refuses to rule out new raid on private pension funds
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
-
Airlines performance improves lags other industries U.S. poll
(Reuters) - U.S. consumers are more satisfied with airlines in recent years but the industry still gets relatively low marks, mainly due to the onboard experience, according to a new customer poll released on ...
-
Analysis Companies may turn to courts on U.S. natural gas export push
WASHINGTON (Reuters) - U.S. companies hoping to export natural gas are frustrated by lengthy delays and rule changes as they await U.S. Department of Energy approval of their applications and may turn to the courts to speed up the ...
-
Insight Why Citi wants to rack up U.S. taxes
The third-largest U.S. bank tried to buy the foundering Wachovia Corp in the fall of 2008 in part because the deal would have brought it more taxable domestic income, a person familiar with the matter ...
-
Best Buy founder Richard Schulze plans billion-dollar foundation
Best Buy Co. Inc. and its single-largest shareholder, plans to gradually expand the size of his $100 million family foundation to about $1 billion and donate most of the money in hopes of "meaningful, transformational change," primarily in K-12 education and medical ...
-
Facebook CEO Mark Zuckerberg SKorean president discuss South Korean startups
SEOUL, South Korea -- Facebook CEO Mark Zuckerberg has met South Korean President Park Geun-hye in Seoul to discuss ways to stimulate entrepreneurship and venture firms in Asia's fourth-largest economy. Park's office said Zuckerberg assured the South Korean leader that Facebook would continue to invest in the country, and he invited South Korean firms to jump on Facebook to reach ...
-
Oil prices nearly unchanged as traders wait for results from US central bank policy meeting
BANGKOK -- The price of U.S. benchmark oil rose slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. Benchmark oil for July delivery rose 5 cents to $97.82 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. On Monday, the contract fell slightly after it climbed to $98.74, its ...
-
Drying out on Water Street
REALTY CHECK Although the Water Street and Front Street office tower corridors look much closer to normal than they did a few months ago, several buildings are still not yet 100 percent restored after Superstorm Sandy, and some stores and cafes remain closed.But one address that’s mostly recovered is Jack Resnick & Sons’ 199 Water St., which just signed two full-floor leases ...
-
Dow balloon really pinata
Mortgage rates have risen to an average of 3.49 percent during that same period, up from 2.93 percent. And there are ominous signs for the months ahead. For one thing, foreign investors in April sold a record $30.8 billion in Treasury debt. If foreigners lose faith in Washington’s IOUs, then, well, it’s all over. But Wall Street doesn’t seem to mind. Yesterday, the Dow Jones ...
-
USTA isn’t feelin’ the love for Williams doc
Don’t slam professional tennis. That’s the message being served by the United States Tennis Association, which is suing the makers of a new documentary on Venus and Serena Williams for copyright infringement, claiming they used unflattering footage - including Serena’s infamous outburst during the 2009 US Open - without permission."The USTA declined [the] request to ...
-
Cavalier shares fall after earnings warning – layoffs likely
Shares in Cavalier Corp fell 1.8 percent after the carpet-maker warned annual earnings will be at the bottom end of guidance and signalled a $1 million cash hit as it consolidates its tufting operation. The Australian operating environment "remains very subdued" and normalised earnings will be at the bottom end of the $6 million to $10 million forecast for the year ending June 30, ...
Africa Featured
-
Three major African airlines to launch new regional player
West and central Africa may soon have a regional airline to connect the countries of the region and feed the three largest airlines in Africa, especially South African Airways, which has dominance on the continent, although it has indicated it will not provide financial support to such a venture.
There are exciting plans afoot in the African aviation industry the continent’s three largest airlines, South African Airways, Egypt Air and Ethiopian Airlines, considering the establishment of a regional airline in central and West Africa that would feed the larger airlines on loner routes or what they call ‘truck routes’. Read more
News from around our Network
