Latest Breaking Business News
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Lib Dems under pressure to support Robin Hood tax in break with coalition
Liberal Democrats will on Tuesday face pressure to break ranks with their coalition partners by voting in favour of the principle of a financial transaction ...
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Court appoints lead plaintiff in shareholder lawsuit against SAC
Pension fund City of Birmingham Retirement and Relief System has been named as the lead representative party, who will act on behalf of other co-litigants in directing the lawsuit, according to a court order on ...
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Chrysler expected to formally refuse governments request to recall older Jeeps for fire risk
DETROIT -- Chrysler is expected to file papers Tuesday explaining its refusal to recall 2.7 million older Jeep SUVs. The U.S. government asked Chrysler earlier this month to recall Grand Cherokees and Libertys because the position of the fuel tank leaves it susceptible to rupture in a rear-end crash. The ruptured tank can spill gasoline, which can ignite if an ignition source is present. The ...
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Report Teacher training programs not selective enough do not prepare educators for classroom
WASHINGTON -- The nation's teacher-training programs do not adequately prepare would-be educators for the classroom, even as they produce almost triple the number of graduates needed, according to a survey of more than 1,000 programs released Tuesday. The National Council on Teacher Quality review is a scathing assessment of colleges' education programs and their admission standards, ...
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Report Slowdown in US health care costs may turn into a trend not a pause
WASHINGTON -- There's good news for most companies that provide health benefits for their employees: America's slowdown in medical costs may be turning into a trend, rather than a mere pause. A report Tuesday from accounting and consulting giant PwC projects lower overall growth in medical costs for next year, even as the economy gains strength and millions of uninsured people receive ...
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Health Care Inflation Slowing Down
Already sluggish health-care inflation is expected to slow down even more in 2014 as consumers, employers and the federal government continue looking to cut medical costs, a new report said Tuesday. And the rate of health-care inflation--as distinct from total medical spending--could drop further in future years as Obamacare rolls out and employers and consumers pay greater attention to costs, ...
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Asia Markets Most Asian stocks drop in choppy trade before Fed
HONG KONG (MarketWatch) -- Most Asian markets retreated Tuesday in choppy trade as investors pondered whether the U.S. Federal Reserve will maintain its monthly bond purchases, with Hong Kong stocks dragged lower by a drop in mainland Chinese property and banking ...
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Obama says Bernanke has stayed a lot longer than he wanted at Fed
U.S. President Barack Obama meets with Chairman of the Federal Reserve Ben Bernanke in the Oval Office of the White House in Washington, in this June 29, 2010 file ...
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NTSB urges backup system to protect track work crews after Metro-North foreman killed in Conn.
HARTFORD, Conn. -- The National Transportation Safety Board has issued an urgent safety recommendation after a railroad track foreman was struck and killed by a passenger train last month in Connecticut. The agency Monday urged the Metro-North Railroad to provide backup protection for track maintenance crews that now depend on train dispatchers. Foreman Robert Luden was killed May 28 in West ...
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Microsoft swaps Outlook.com linked accounts for aliases
"It's a new world" out there in terms of digital identity and security, Microsoft said Monday. And, this world is far more dangerous than it used to be. In order to mitigate e-mail infiltration by hackers and wrongdoers, Microsoft has announced that it's tossing linked accounts for ...
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China May home prices rise at fastest pace this year
BEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing ...
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Japan says G8 stance is sign of approval for Abenomics
British Prime Minister David Cameron (L) welcomes Japanese Prime Minister Shinzo Abe for the first plenary session of the G8 Summit at Lough Erne in Enniskillen, Northern Ireland June 17, ...
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The Wolf on Wall Street Trailer Shows Leonardo DiCaprio Rolling in Mega-Wealth Debauchery
(Paramount Pictures/YouTube) The newly-released trailer for ';The Wolf of Wall Street,'; starring Leonardo DiCaprio, gives a first glimpse at Martin Scorsese’s new crime thriller about the wealth of Wall Street moguls in the ...
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Targets narrow vote on executive pay suggests shareholder discontent
Despite Target's healthy stock price, investors last week approved the retailer's executive compensation policies with just 52.1 percent of the vote, a stunning rebuke to a company that Wall Street has long regarded as one of the best-run in the ...
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In apparel industry advantages of Made in USA label wear thin
Workers sewed T-shirts at Los Angeles apparel firm Venley. Despite the higher production costs, the company’s owner refuses to send work overseas and produces everything ...
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Federal Reserves communication plan is backfiring
Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, March 20, 2013, following the Federal Open Market Committee ...
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Failed Minnesota clean-coal project gets help with its debts
Minneapolis -based company that never delivered on its promise to produce electricity with clean-coal technology, is getting government help to clean up its ...
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Leucadia Pizzeria ripped off for $545000
VISTA -; A Vista bookkeeper accused of embezzling more than $545,000 from the Leucadia Pizzeria chain pleaded not guilty Monday to 26 felony ...
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Wall Street starts week higher on upbeat manufacturing activity
US stocks opened higher on Monday on a strong note after a slide last week, boosted by a better-than-expected manufacturing activity index in the New York area and a rebound in stocks across the world.The June Empire State Manufacturing Survey indicated that conditions for New York manufacturers improved modestly, according to the Federal Reserve Bank of New York. The general business conditions ...
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Sprint Files Lawsuit Against DISH Network Corporation and Clearwire Corporation Citing the Illegality of the DISH Tender Offer for Clearwire
OVERLAND PARK, Kan. -- (BUSINESS WIRE) -- Sprint (NYSE:S) announced today that it has filed a complaint in the Delaware Court of Chancery against DISH Network Corporation (NASDAQ:DISH) and Clearwire Corporation (NASDAQ: CLWR) asking the Court to prevent the consummation of the DISH tender offer for Clearwire. Sprint believes the transaction violates Delaware law and the rights of both ...
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Fed Meets as Faith in Its Bond Program Wanes
There's a wide divide on Wall Street over whether further bond purchases by the Federal Reserve can help lower interest rates, which have been rising since early May. Economists, analysts and fund managers, who participated in the latest CNBC Fed survey, were almost evenly split on the question. Of the 60 respondents, 45.8 percent said further bond purchases could help lower yields, while ...
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Flush with orders aerospace industry retools for future
Reuters © Airbus sales chief John Leahy attend the 50th Paris Air Show, at the Le Bourget airport near Paris, June 17, 2013. REUTERS/Pascal ...
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Apple joins other tech companies in detailing government requests for data
Reacting to recent news reports about government data-gathering from major Internet companies, Apple on Monday joined several other tech companies that have begun reporting how many requests for customer information it receives from U.S. law enforcement and intelligence ...
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Jack in the Box closing 67 Qdoba stores
Jack in the Box announced Monday it will shutter 67 of its Qdoba stores, but as a measure of its faith in the brand, it will open many more of the Mexican Grill outlets in the coming ...
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Wall St. waiting on Bernankes words
Photo credit: Chairman Ben Bernanke (Getty) Since the U.S. economic recovery began, the Federal Reserve has emerged as the biggest power player on Wall Street, with investors hanging on to every comment made by Fed Chairman Ben Bernanke and his team. How powerful is the Fed? After recent comments from Bernanke that his agency might soon start to taper its easy-money policies over the next few ...
Melbourne Featured
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Melbourne will be IT capital of country
Melbourne has been selected by the federal government as the location where the NBN’s operations centre will be headquartered, setting the stage for the city to become the IT, technology and communications capital of Australia.
Melbourne has a long-running rivalry with Sydney and, to a lesser degree, Perth. The two biggest cities in Australia competed intensely to be designated the capital in the early 20th century and Canberra was built from scratch and designated the national capital in large part because of such rivalry, but now Melbourne is set to have something that Sydney will not, the city has been officially chosen as the centre of operations for the ground-breaking National Broadband Network. Analysts and city leaders see the decision as one which will in time make Melbourne the IT hub of the country. Read more
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