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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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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Blackstone Notifies Cohens SAC It Intends to Pull Funds
May 25 (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.A pension consultant, in a May 21 letter to clients, said Blackstone has notified Cohen that it intends to "fully ...
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Why PBR beer prices have increased
USA Contributor Regina Lewis breaks down the week's "3 Big Money Headlines" with MSNBC's Alex Witt. She explains why fewer people are hitting the road this Memorial Day weekend. Lewis reports the good news from the housing market and the importance of smart inventory. She reveals why the prices of Pabst Blue Ribbon ...
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Migrant jobs squeeze alarms UK fruit farmers
The rise of Ukip is having unexpected consequences for Britain's countryside. Farmers fear that the political upstart's success has the government running scared on immigration, with the result that foreign workers could soon be absent from Britain's fields."We can see there's a toxic mix brewing," says Alastair Brooks, who employs 200 temporary foreign workers to ...
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Microsoft Reveals The Xbox One
Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...
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WPP Wins Crucial Backing Over Pay Reforms
WPP, the world's biggest marketing services group, is poised to escape a repeat of last year's shareholder revolt despite paying its chief executive more than 17m in 2012. Sky News understands that two key shareholder advisory bodies have decided not to oppose WPP's remuneration report ahead of the company's annual meeting on June 12. Their decisions follow a sharp ...
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Recovery Return of the Opportunity Entrepreneur
small businesses . It was a bittersweet accomplishment for many new moms and pops, who became known as necessity entrepreneurs. Now five years later as the recovery gains traction, new data shows the tables have turned. Instead of necessity-driven new businesses, more U.S. entrepreneurs are launching ventures based on perceived opportunities, growth ambitions and a broad optimistic outlook--a ...
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Walt Disney One man and his mouse... and how they blighted our world
If you wanted to nominate the most influential Americans of the 20th century, you could begin with politicians and artists. But those choices misunderstand the country and the way it regards desire, and irrational desire, as human rights. Americans call that the pursuit of happiness. And feeling good about yourself depends on services, facilities, panaceas, and shopping. So you'd have to ...
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Video Rent your car while youre out of town
The premise of a startup in northern California is to put your car to work, while you take a vacation. Travelers can leave their cars at the airport and visitors then can rent them for a minimal daily rate. "Flightcar" doesn't promise a payout, but if you leave your car you don't have to pay for parking. Julie Watts ...
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Video Money can buy happiness if spent properly
Can money buy happiness? Anthony Mason speaks with Harvard Business School associate professor and author of "Happy Money" Michael Norton about how certain spending can bring ...
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Automaker Tesla takes fight to North Carolina mulls what could be tough national battle
RALEIGH, N.C. - Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling directly to consumers online. It's the latest such battle for California-based Tesla, which like other car manufacturers must navigate a patchwork of state ...
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Microsoft knuckles under yanks YouTube app for Windows Phone
Computerworld - Microsoft has bowed to pressure from Google and pulled the YouTube app from its Windows Phone Store that earlier this month triggered a cease-and-desist letter from the search giant. The two companies will instead collaborate on a YouTube app that abides by the Google-owned video site's terms of service. "Microsoft and YouTube are working together to update the new ...
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States With The Most Americans On Disability 247 Wall St.
The number of Americans receiving Social Security Disability Insurance (SSDI) more-than doubled over the past two decades, from 5.2 million to 11.7 million by the end of ...
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Blackstone notifies Cohens SAC it intends to pull money pension consultant
Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, listens 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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Video The economy and summer travel
With many Americans planning a summer vacation, how they travel says a lot about the U.S. economy. USA Today national business travel correspondent Charisse Jones discusses the recovery and the kick-off of the summer travel ...
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Apple Loop Macs Made In Texas iOS 7 Goes Black And White Microsoft Mocks Siri
Washington , D.C. this week to address a bi-partisan Senate subcommittee that criticized the company for using tax loopholes and keeping the majority of its cash overseas to avoid paying billions of dollars in U.S. taxes. Sen. Carl Levin and Sen. John McCain had harsh words for Apple in their opening statements and in the report assembled by the committee's staff detailing why Cook and co. ...
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Billionaire under fire after suggesting motherhood destroys ambition
Paul Tudor Jones is one of the world's savviest investors, but the hedge fund billionaire and philanthropist is trying to explain comments about motherhood and high finance that are getting a lot of attention for all the wrong reasons. NBC's Andrea Mitchell ...
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Memorial Day shopping do’s and don’ts
memorial day you see big furniture sales at the office superstars. time of year people have more money because they got their tax refund and furniture is one of the things they tend to ...
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Girl Who Scolded McDonalds CEO Not Impressed
Hannah Robertson, 9, flew in with her mom from Kelowna, British Columbia, to attend McDonald's annual shareholder meeting Thursday in Oak Brook, Ill., the company's ...
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Fed Concerns Contribute To Lackluster Session On Wall Street - U.S. Commentary
There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses.The Dow Jones Industrial Average gained 8.6 points, or 0.06 percent, to close at ...
Africa Featured
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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
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