Latest Breaking Business News
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Ford grows in America shrinks in Australia
Ford Motor Co. is adding production, and 3,500 jobs, in North America as it tries to keep up with Americans’ appetite for new cars and trucks. But the automaker will end production in Australia, cutting 1,200 jobs by 2016, as high costs left it unable to ...
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Metals Stocks Gold falls after Fed talk boosts dollar
LOS ANGELES (MarketWatch) -- Gold futures fell Thursday, weighed by strength in the U.S. dollar after the head of the U.S. Federal Reserve indicated the central bank could start tapering stimulus efforts in the coming ...
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In a 3 a.m. vote Raytown gives green light to downtown Wal-Mart grocery store
After meeting for about seven and a half hours, the Raytown Board of Aldermen voted 6-4 early Wednesday to allow a change that paves the way for a Wal-Mart grocery store in its ...
More Breaking Business News
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Ignore Fed Hawks Bernanke in Driving Seat
Federal Reserve Chairman Ben Bernanke would not risk a premature withdrawl of the stimlus that has underpinned the U.S. economic recovery, former vice chairman of the Fed Alan Binder told CNBC. In a testimony to Congress on Wednesday, Bernanke sounded a dovish tone, remarking that the premature tightening of monetary policy carries a "substantial risk" of slowing the economic recovery. ...
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Hackers Find China Is Land of Opportunity
Name a target anywhere in China, an official at a state-owned company boasted recently, and his crack staff will break into that person's computer, download the contents of the hard drive, record the keystrokes and monitor cellphone communications, too. Pitches like that, from a salesman for Nanjing Xhunter Software, were not uncommon at a crowded trade show this month that brought together ...
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Average U.S. 401 balance tops $80000 up 75 percent since 2009
BOSTON (Reuters) - The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based on a survey of its ...
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SoftBank would appoint security director to Sprint board
S.N ) board if its takeover bid succeeds, and would give the U.S. government the right to approve the nominee, an attempt to address security concerns raised by the proposed ...
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Mitsubishi Motors weighs capital shift dividends sources
7211.T ) is taking steps toward resuming dividend payments after nearly a decade-long turnaround bankrolled by other Mitsubishi group companies, according to people with direct knowledge of the ...
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JGB yields surge markets spooked by Bernanke remarks
SINGAPORE (Reuters) - Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff in bonds globally after Federal Reserve Chairman Ben Bernanke's remarks sparked worries of a reduction in U.S. monetary ...
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Delta will wait for new planes to mature CEO
DAL.N ) is letting a wave of orders for the newest planes on the market roll by, giving the jets time to prove themselves before buying, its chief executive told Reuters on ...
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High costs currency push Ford out of Australia car manufacturing
F.N ) will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers just as the country looks for other sectors of its economy to cushion the end of a mining ...
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US stocks edge higher before Bernanke test
US stocks have opened slightly higher as the market looked ahead to congressional testimony by Federal Reserve Chairman Ben Bernanke. Five minutes into trade on Wednesday, the Dow Jones Industrial Average rose 16.11 (0.10 per cent) to 15,403.69. The broad-based S&P 500 added 1.37 (0.08 per cent) at 1,670.53, while the tech-rich Nasdaq Composite Index increased 0.68 (0.02 per cent) to ...
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BASF To Spend EUR300 Million A Year Globally to Raise Capacity for Agricultural Products
Germany-based chemicals company BASF SE Thursday said it plans to spend an average of EUR300 million annually to build additional production capacity for agricultural products.The company announced plans to set up a new formulation and packaging plant for crop protection products in China. The new plant, which will have an annual production capacity of 10,000 metric tons, will be set up in ...
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Newcrest Says Exploration License to be Reconsidered
Australia's largest listed gold miner, Newcrest Mining Ltd. (NCM.AU), said an exploration license near one of its biggest mines is being reviewed by the state government after a court upheld objections from a small private explorer to it being renewed in full.The New South Wales Land and Environment Court ruled the government hadn't provided sufficient reasons to support the full ...
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Metrobank Gets Central Bank OK for 3-For-10 Stock Dividend
The central bank has approved Metropolitan Bank & Trust Co.'s (MBT.PH) 3-for-10 stock dividend, Metrobank said on Thursday.The country's second-largest lender by assets is now waiting for the securities regulator to approve a plan to double its authorized capital to 100 billion Philippine pesos ($2.4 billion). At present Metrobank has 1.5 billion common and 1 billion preferred ...
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Jennifer Lopez Teams With Verizon to Revolutionize Smartphone Shopping
business venture.The woman of many hats has dipped into smartphone territory, teaming with Verizon Wireless to announce the launch of Viva Movil, a shopping tool designed with Latino consumers in mind, at the company's CTIA 2013 media event."This new company is here to revolutionize the entire mobile experience for Latinos," Lopez said. "There's no specific place for ...
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HP earnings revenues go south
(48 mins ago) Hewlett-Packard said quarter profit was hit by a dramatic slump in sales of personal computers, while maintaining that its reorganization is making progress. The troubled but biggest maker of personal computers said net profit in the second fiscal quarter fell 32 percent from a year ago to US$1.1 billion. The earnings amounted to 87 US cents a share after adjustments, better ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
Jakarta Digest
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Jakarta water issues a reflection of bad planning.
Jakarta residents have little access to fresh water from the city’s water system, a reflection of bad planning on the part of city management rather than a lack of funds.
An article posted on the Jakarta-Indonesia-Urban blog reflects a serious situation facing the capital city of the country, “Already there is more waste water generated and dispersed today than at any other time in the history of our planet: more than one out of six people lack access to safe drinking water, namely 1.1 billion people, and more than two out of six lack adequate sanitation, namely 2.6 billion people.” This is a statement on the world situation, but it hits uncomfortable close to home for many Jakartans, in fact, almost a majority of them. Read more
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