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Workers demand more action from Italian government

Sun, 19 May 2013 10:41:41 -0400

Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job creation ...

Americans find happiness in household wealth

Sun, 19 May 2013 10:39:30 -0400

Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...

Hackers get into important Saudi websites

Sun, 19 May 2013 10:36:20 -0400

The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...

Digital world creeps up on Target

Sun, 19 May 2013 10:34:21 -0400

Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...

Hackers take on Financial Times web site

Sun, 19 May 2013 10:37:49 -0400

Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...

New Xbox will be star of show at Microsoft event

Mon, 20 May 2013 01:12:38 -0400

The video-game industry’s health meter is blinking red, and its ammo belt is nearly depleted. Industry players are crawling through the darkness, frantically looking for first-aid kits and new weapons to get back into the action. Down one path a pulsing green light beckons, promising resuscitation, new capabilities and another round of fun. The light is coming from Redmond, where on ...

SAC Capitals Cohen gets subpoena to testify NY Times

Mon, 20 May 2013 01:03:17 -0400

Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, responds to a question during a one-on-one interview session at the SkyBridge Alternatives (SALT) Conference in Las Vegas, Nevada May 11, ...

A Look Ahead This Weeks ETFs to Watch

Mon, 20 May 2013 00:59:50 -0400

Sell in May and go away? Try again next year. After last week's gains, the S&P 500 is sitting on a 4.4 percent gain for the month heading into Monday's trading session. The benchmark U.S. index now resides less than 40 points away from the lofty 1,700 level. Indeed, this rally has plenty of critics, but talk from the naysayers has proven to be cheap and, more importantly, wrong. In ...

Insight The fight for North Dakotas fracking-water market

Mon, 20 May 2013 00:59:21 -0400

WATFORD CITY, North Dakota (Reuters) - In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for ...

Analysis At margins of shale oil boom a tempered euphoria

Mon, 20 May 2013 00:59:20 -0400

HOUSTON/NEW YORK (Reuters) - For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced to secure space in new pipelines to get their crude to ...

Dreamliner Back in Action After Hiatus

Mon, 20 May 2013 00:21:53 -0400

United Airlines 787 will fly from Houston to Chicago Monday morning carrying more than 250 passengers including the CEO's of United and Boeing. Given the massive amount negative publicity, including video of one Dreamliner with smoke drifting out of it in January, there are many wondering if people will be afraid to fly the plane. "There may be some who are concerned about flying on the ...

Should You Pay Off Your Exs Debt

Mon, 20 May 2013 00:06:01 -0400

and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks. In other words, divorces can get messy -- sometimes really messy -- and it should come as no surprise that money is often at the root of the problem. Getting through the divorce is hard enough, but the money problems don't always end when the papers are signed. In fact, joint credit ...

Stem cell tech may help mitochondrial disease

Sun, 19 May 2013 23:38:26 -0400

production of genetically matched human embryonic stem cells holds potential for treating mitochondrial disease, because the matching is not precise. Somatic cell nuclear transfer, the method that produced Dolly the sheep, duplicates nuclear DNA from the donor nucleus, but not the mitochondria, which are those of the egg cell receiving the ...

Japanese Market Trades Higher On Wall Street Lead Weaker Yen

Sun, 19 May 2013 23:37:53 -0400

The Japanese stock market hit a new five-and-a-half year high on Monday, buoyed by Wall Street's gains on Friday and a weaker yen.In late-morning trades, the benchmark Nikkei 225 Index is trading at 15,323.49, up 185.37 or 1.22 percent, after climbing to 15,297.73, the highest intraday level since December 28, 2007.In the banking space, Mitsubishi UFJ Financial (MTU) is adding 0.29 percent ...

Grill and beer it

Sun, 19 May 2013 23:36:03 -0400

When you celebrate Memorial Day by throwing some dogs on the grill, you’ll need something to wash them down. That’s where these mags can come in.If you prefer your beers micro, fruity, infused with chocolate or laced with the heat of a thousand fire-kissed jalapenos, ...

Turness in furnace Hot day at NBC News

Sun, 19 May 2013 23:36:02 -0400

Incoming NBC News boss Deborah Turness better be a quick learner - her to-do list is already overflowing.While dealing with a recently cooled MSNBC and a faltering "Meet the Press" is enough to keep the first woman to head the Peacock network’s news division busy, the hugely underperforming "Today" show is certainly at the top of the list.Ad sales at the division are ...

Park it right there

Sun, 19 May 2013 23:36:02 -0400

When Barrel, a Little Italy-based digital agency, moved and designed its new office space from scratch in August, its brass envisioned a work environment tailored to the tastes of the growing company, and at the same time lent itself well for collaboration.The company’s new work space features small purple stools scattered throughout the office so co-workers can park quickly at each ...

Oil Holds Above $96 on US Economic Data

Sun, 19 May 2013 23:29:36 -0400

U.S. crude futures were steady in early Asian trading on Monday, holding above $96 a barrel after rallying last week on positive economic data in top oil consumer the United States. U.S. consumer sentiment in early May rose more than economists had expected, with more Americans giving favorable views about their financial and economic prospects, particularly among upper-income ...

Woah Time to Slow That Yen Fall

Sun, 19 May 2013 23:29:35 -0400

steep decline and Japan's policymakers are starting to voice their concern about the pace of the currency's move. The yen pulled back from four-and-a-half year lows against the dollar on Monday following a report in the Wall Street Journal that cited Japanese economy minister Akira Amari as saying the yen's excessive strength has now been largely corrected and further weakness in ...

Goldman Sachs to Invest in Japan Green Energy

Sun, 19 May 2013 23:15:07 -0400

TOKYO – Goldman Sachs plans to pour about Y300 billion ($2.9 billion) into Japanese renewable energy projects over the next five years, having determined that a long-term scheme here to buy renewables at fixed rates will provide a stable source of income, the Nikkei reported in its Monday morning edition.The U.S. investment bank recently set up a wholly owned renewable energy management ...

BOJ may seek ways to calm bond market policy on hold

Sun, 19 May 2013 22:46:40 -0400

By Leika KiharaTOKYO (Reuters) - The Bank of Japan is expected to stand pat on monetary policy this week despite jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.The central bank may front-load bond purchases or offer funds via market operations more frequently if the bond market turbulence persists, which are ...

Minnesotas struggling ethanol makers hope to snap back this year

Sun, 19 May 2013 22:44:45 -0400

Dwayne Ehlert, 70, stands outside the shuttered Biofuels Energy Corp. ethanol plant in Fairmont, Minn. Ehlert, 70, who has been farming since 1964, sold a truckload of corn to the plant last August for a record $8.16 per bushel as last year‚Äôs drought drove up prices. A few weeks later, the plant stopped production, citing high corn prices. Although corn had dropped in price, ...

Bernanke’s Testimony Critical to Oil Prices

Sun, 19 May 2013 22:35:39 -0400

The U.S. dollar and its reaction to the Federal Reserve Chairman Ben Bernanke's Congress testimony on Wednesday will prove central for crude oil price direction this week, according to CNBC's weekly survey of market sentiment. Nine out of 13 respondents, or about 69 percent, expect prices to soften this week while two forecast gains and the remaining two are neutral on the market. ...

Has Hollywood Sold Out On Tibet

Sun, 19 May 2013 22:35:39 -0400

If there's one lingering sore point between Hollywood and China, it's Tibet. For years, celebrity activists have annoyed Beijing by organizing charity concerts for Tibetan independence, shouting "Free Tibet" at awards ceremonies, and palling around with the Dalai Lama, whom the People's Republic regards as a "jackal" and "a wolf in sheep's ...

Yen edges up from lows Asian shares firmer

Sun, 19 May 2013 22:25:19 -0400

SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further steady drop in the yen could have negative effects on households, pushing the dollar to a low of ...

Suncorp Mulls Selling Non-Core Bank - Report

Sun, 19 May 2013 22:21:18 -0400

Suncorp Group Ltd. (SUN.AU) is looking at ways to sell the "non-core" bank unit that houses its sour property loans, in a move that would free up capital and could mean higher payouts for investors, The Australian Financial Review said Monday.The regional bank and insurance group set up the unit in 2009 to house 17.5? billion Australian dollars (US$17.1 billion) of loans that could no ...

Australia shares up in broad rally Wall St underpins market

Sun, 19 May 2013 21:45:01 -0400

Sun May 19, 2013 9:45pm EDT (Adds details, comments, stocks on the move) SYDNEY May 20 (Reuters) - Australian shares climbed 1.1 percent on Monday in a broad rally after upbeat U.S. economic data pushed Wall Street to record highs and as stocks with large exposure to the U.S. market gained on a weaker Australian dollar. "It's a broadbased rally, the overnight news was very positive and ...

BOEs King Says More Steps Needed for Growth

Sun, 19 May 2013 21:29:54 -0400

The U.K. economy is in recovery but policy makers need to do more to lift growth, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. But it's only a modest recovery, and we certainly can't be satisfied with it," Mr. King said in an interview with Sky News.The U.K. economy expanded 0.3% between January and March and the BOE expects it to grow 0.5% in the ...

Aust stocks higher after Wall St record

Sun, 19 May 2013 21:27:07 -0400

The Australian share market is higher as another Wall Street record buoys mining and banking stocks.IG market strategist Chris Weston says the strongest University of Michigan consumer sentiment reading since 2007 spurred the Dow Jones Industrial Average and the S&P 500 to reach fresh highs, helping Australian stocks."It's a question of a good lead from Wall Street and people buy on ...

Yahoo reportedly agrees to buy Tumblr for $1.1 billion

Sun, 19 May 2013 21:01:00 -0400

Yahoo's board has agreed to buy Tumblr, the popular blogging service, for about $1.1 billion in cash, a person with knowledge of the agreement said on Sunday. The deal, sealed at a meeting of Yahoo's board, is expected to be announced as soon as Monday, said the person, who was not authorized to speak ahead of the announcement. The acquisition is the biggest yet under Yahoo's ...

Seoul shares up Wall St overshadows North Korea missile tests

Sun, 19 May 2013 20:12:40 -0400

SEOUL | Sun May 19, 2013 8:12pm EDT SEOUL May 20 (Reuters) - Seoul shares edged up on Monday after the rally on Wall Street boosted sentiment and helped to overcome worries about North Korea's firing of short-range missiles at the weekend. Technology heavyweights led the gains, with SK Hynix rising 2 percent and LG Electronics gaining 0.5 percent. The Korea Composite Stock Price ...

Scottish bank customers warned over deposit protection scheme

Sun, 19 May 2013 20:03:10 -0400

A Treasury report has analysed the impact of Scottish independence on the deposit protection scheme that guarantees up to 85,000 to UK bank customers. Photograph Carl Court/AFP/Getty ...

Empty shops hit record high retail study shows

Sun, 19 May 2013 20:03:08 -0400

The number of empty shops on Britain's high streets and malls has hit a record high on the back of a struggling economy and changing shopping habits, industry data released on Monday showed.Across the UK almost one in eight shops lay vacant in April 2013, according to the British Retail Consortium, the highest since it began collecting such data in July 2011. Almost one in five shops in ...

New Co-operative Group head endures rocky start at annual general meeting

Sun, 19 May 2013 20:03:08 -0400

the group's beleaguered bank .Around 250 delegates from across the country filed into New Century House to meet Euan Sutherland, the one-time head of the Kingfisher group they hope will guide them to safety.The meeting at New Century House, Manchester, was held behind closed doors, with delegates unusually tight-lipped as they arrived. A significant absentee was the Co-operative's ...

Share market set for gains on Wall St record

Sun, 19 May 2013 19:58:46 -0400

Australia The Australian dollar remains well below parity with the greenback, after positive US economic data pushed the value of its currency higher on Friday. Around 9:00am (AEST), an Aussie dollar was worth 97.42 US cents.The local currency was also fetching just under 76 euro cents, 100.25 Japanese yen and 64.23 British pence. Futures trade indicates the share market will rise today, with ...

Companies launch cyber war games to prepare for hackers

Sun, 19 May 2013 19:19:36 -0400

Clusters of corporate techies hunched over their laptops one recent evening in Mountain View, Calif., feverishly trying to figure out how RK Industries hacked into and stole critical information from its rival, EntraDyn. It’s a common occurrence, but in this case the firms were fictitious, and the event - a simulated exercise put on by security firm Symantec - featured rock music, a buffet ...

Edina boutique fulfills designers dream

Sun, 19 May 2013 19:19:35 -0400

Edina women’s boutique, a reality. Fortunately, Roth had been preparing for the opportunity for much of her life. She got her start working in her father’s textile factories and selling fashions in their native India, and for the last decade has designed and manufactured wholesale clothing, jewelry and accessories for major department stores as head ...

Trial of Petters associate to open Monday

Sun, 19 May 2013 19:19:33 -0400

The federal trial of the last foreseeable defendant in Minnesota’s largest criminal fraud begins Monday. James Fry, a dentist-turned-hedge-fund-manager from Spring Park, faces 12 counts accusing him of securities and wire fraud and making false statements to the Securities and Exchange Commission in his role as a financial conduit in the Tom Petters-directed Ponzi scheme that bilked ...

Twin Cities at center of hearing aid growth

Sun, 19 May 2013 19:19:32 -0400

Plymouth -based Miracle-Ear, which says it sells America’s most popular hearing aid, is turning up the volume for its Italian parent, Amplifon. Moreover, the Twin Cities hearing aid trade, which boasts several firms, appears to be growing thanks to aging baby boomers who need hearing help, powerful digital products and the willingness of some health insurers to cover at least some of the ...

Bloomberg terminals opened world of information to reporters

Sun, 19 May 2013 19:19:31 -0400

Today, what really connects the financial world? Money, intellect and ideology are candidates. But the best answer may be: the Bloomberg terminal. More than 315,000 of these data cockpits are in use around the world, leased for $20,000 a year. To locate a shared terminal in an office one merely needs to follow the deepest footpath in the carpeting. "Smart money" cannot live without ...

Business forum For medtech a new model is needed

Sun, 19 May 2013 19:19:29 -0400

The realities of the Affordable Care Act, longer FDA approval times and reimbursement challenges require new ways to finance medical technology ...

Movers Shakers Kyle OKeefe Robert Half International

Sun, 19 May 2013 19:19:28 -0400

Robert Half International Title: Regional vice president Age: 35 Kyle O’Keefe, who has a decade of experience at Robert Half International, has been promoted to regional vice president for the specialized staffing firm’s Twin Cities market. O’Keefe will oversee operations for Robert Half’s Accountemps and OfficeTeam staffing divisions ...

Outside consultant Exercise-product start-up needs laser focus

Sun, 19 May 2013 19:19:27 -0400

Question My start-up company has a product, the (4-in-1) Trans4mer, that was invented after my own experience with in-home physical therapy. That therapy had me using multiple exercise balls, bells and weights, which are both costly and space-consuming. Our product is a market disrupter but we have start-up financing problems. How do you effectively take advantage of this situation as a ...

Australia shares seen firmer on Wall St. records soft currency

Sun, 19 May 2013 19:05:46 -0400

SYDNEY, May 20 (Reuters) - Australian shares are seen starting firmer on Monday, after better economic data in the United States pushed Wall Street to fresh record highs and as the local dollar remains below parity against the greenback. * Local share price index futures rose 0.4 percent to 5,212.0, a 31.2-point premium to the underlying S&P/ASX 200 index close. The benchmark ended 0.3 percent up ...

Ryder System shares could rise 20 percent Barrons

Sun, 19 May 2013 18:12:45 -0400

(Reuters) - Ryder System <R.N), a truck rental and supply chain management company, could see its shares rise as much as 20 percent, according to a Barron's ...

Analysis High speed trading a stiff challenge for U.S. regulators

Sun, 19 May 2013 18:12:42 -0400

CHICAGO (Reuters) - Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown ...

Analysis Little sign Abe can shake up Japans inbound FDI

Sun, 19 May 2013 17:26:56 -0400

By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with ...

Insight Despite curbs Chinas vast hot money triangle flourishes

Sun, 19 May 2013 17:20:52 -0400

ZHUHAI, China/HONG KONG (Reuters) - In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling ...

Exclusive Bangladesh factory banned by Wal-Mart still makes Wrangler shirts

Sun, 19 May 2013 17:20:52 -0400

GAZIPUR, Bangladesh (Reuters) - A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF ...

Reports Yahoo to acquire Tumblr for $1.1B

Sun, 19 May 2013 17:19:32 -0400

YHOO ) may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, California, company's board of directors met Sunday and approved a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer ...

Expectations run high for Microsofts next-gen Xbox

Sun, 19 May 2013 17:18:26 -0400

Microsoft unveiled the Xbox 360, double the amount of time between the original Xbox debut in 2001 and its high-definition successor's launch in 2005. With the next-generation Xbox expected to be revealed Tuesday, anticipation for the entertainment console's latest evolution is running high. ``People get excited about new consoles because consoles represent the future,'' ...

On fleeting Hong Kong trips Chinese make frugal fashionable

Sun, 19 May 2013 17:00:00 -0400

By Donny Kwok and Lavinia Mo HONG KONG | Sun May 19, 2013 5:00pm EDT HONG KONG May 20 (Reuters) - Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour. Wealthy Chinese used to stop over in Hong Kong ...

Yahoos board approves $1.1 billion Tumblr acquisition WSJ

Sun, 19 May 2013 16:54:20 -0400

SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr ...

Gasoline prices at US pumps 11 cents over past 2 weeks

Sun, 19 May 2013 16:52:18 -0400

CAMARILLO, Calif. - The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is $3.98. Diesel held steady at $3.93 gallon. Of the cities surveyed in the Lower 48 states, Tucson, Ariz., has the ...

Ahead of shareholder meeting JPMorgan CEO Dimon is under pressure fighting for chairman job

Sun, 19 May 2013 16:02:36 -0400

NEW YORK - Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs. It's been just more than a year since his bank, JPMorgan Chase, revealed a surprise trading loss that tarnished its usually stellar reputation in Washington and on Wall Street, and what a difference it has made. ...

Central bank watch on Wall St this week

Sun, 19 May 2013 15:29:16 -0400

Wall Street seems destined to push to fresh highs again this week as investors continue to bet on both an improving economic outlook and a solid commitment from the US Federal Reserve to counter any weakness. On Friday, the Dow Jones industrial average rose 0.80 per cent to close at a record 15,354.40, while the Standard & Poor's 500 Index added 0.95 per cent to finish at a record ...

Delta CEO plans to add jobs in NE Minnesota

Sun, 19 May 2013 15:10:20 -0400

Delta Air Lines says he plans to add jobs at the carrier's reservation center in the northeastern Minnesota city of Chisholm. CEO Richard Anderson tells the Mesabi Daily News of Virginia, Minn., ...

TalkTalk extends X Factor deal

Sun, 19 May 2013 15:03:33 -0400

James Arthur performs in The X Factor final in December - the ITV show remains a part of TalkTalk's media strategy. Photograph: Ken Mckay/Rex ...

Star Trek Into Darkness makes $70.6 million over weekend falling short of last movie

Sun, 19 May 2013 14:14:38 -0400

LOS ANGELES - "Star Trek Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.The latest voyage of the starship Enterprise fell short of its predecessor, 2009's "Star Trek," which opened with $75.2 million.Since ...

Marks Spencer under fire over online tax arrangements

Sun, 19 May 2013 14:11:05 -0400

Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing the its sales operation as similar to that of the internet retail giant Amazon.The British retailer has been expanding its online operations to several countries across Europe with a ...

Can Farm Waste Save Biofuels

Sun, 19 May 2013 14:08:56 -0400

Imagine a world where leftover corn, wheat and wood chips can be used to power your car. That's the aim of cellulosic ethanol, a budding sector of the renewable fuel industry that finds itself struggling to reassert itself in a world of renewed popularity for oil and gas. The process aims to transform agriculture waste, most of which would normally be discarded, into a renewable source of ...

Euro Tax To Decimate Pensions Report Says

Sun, 19 May 2013 14:02:28 -0400

The trading of government bonds would be rendered uneconomic and pensioners would find their savings hit under proposals for a Europe-wide financial transactions tax, according to one of the financial sector's most influential trade bodies. In a report to be published on Monday by the Association for Financial Markets in Europe (AFME), the European Commission will be warned that its ...

Yahoo board approves $1.1B deal to buy Tumblr report

Sun, 19 May 2013 13:23:42 -0400

The Yahoo board has approved a massive $1.1 billion all-cash deal to buy Tumblr, sources said.Sources close to the board said the deal was a foregone conclusion and was an unanimous vote by the Silicon Valley Internet giant.The deal will be announced Monday morning, said numerous sources.AllThingsD.com initially broke the story of the acquisition efforts and later followed up with details of the ...

Debenhams backs fair treatment of models

Sun, 19 May 2013 13:20:27 -0400

models , with the chief executive, Michael Sharp, calling on others to follow suit.The decision to offer fair treatment to the women and men it uses in its advertising comes a month after Vogue also signed the 10-point plan agreed with the models' union Equity.Sharp said: "Fair treatment of everyone who models for us has always been a priority. The code firmly cements our ambition. We ...

Yahoo Agrees to Buy Tumblr Report

Sun, 19 May 2013 13:17:47 -0400

, according to a report in The Wall Street Journal. According to the report, the transaction will be made in all cash. Neither Yahoo nor Tumblr released official statements. A Yahoo spokeswoman, contacted by CNBC, would neither confirm nor deny the ...

Stocks on a roll Yahoo Microsoft stoke appetite

Sun, 19 May 2013 13:12:43 -0400

) is holding an event in New York City on Monday evening, at which many are speculating the company could announce a deal with the social blogging platform Tumblr. Reports surfaced last week that Yahoo CEO Marissa Mayer is said to ...

South Africa Mine Union Submits Demand for Higher Wages

Sun, 19 May 2013 13:05:52 -0400

South Africa's National Union of Mineworkers said Sunday that it had submitted a demand for upcoming gold and coal-sector wage talks, kick-starting what is likely to be a fraught process.The union said it's demanding a 15% wage increase for skilled mine workers and for entry level miners, who work underground and on the surface, to have wages raised to between 7,000 rand and 8,000 rand ...

Tesco clothing brand to expand

Sun, 19 May 2013 12:29:53 -0400

The clothing brand sold by Britain's biggest retailer Tesco said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.F&F, which opened its first franchise store in Saudi Arabia last year, said it would open shops across the Middle East and in Kazakhstan, Georgia, Armenia and Azerbaijan.Up to six stores will be opened this year, with the first ...

BUSINESS Full Page Bankia compensation qualms signal loss of faith in Spains banks

Sun, 19 May 2013 12:27:52 -0400

MADRID - Many duped savers at Spanish lender Bankia are shunning a state-monitored compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system. The disputes over mis-selling at Bankia and other nationalized ...

UK lawmakers consider probe into transparency of mining firms

Sun, 19 May 2013 12:17:48 -0400

LONDON (Reuters) - Britain's parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which lawmakers fear have dented the stock market's ...

RPT-Wall St Week Ahead Correction talk gets old as rally sails along

Sun, 19 May 2013 11:28:14 -0400

Sun May 19, 2013 11:28am EDT By Angela Moon NEW YORK May 19 (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerated in May - the ...

Goldman Sachs Chief Confident Euro will Survive - Report

Sun, 19 May 2013 11:24:18 -0400

The chief executive of Goldman Sachs (GS), Lloyd Blankfein, is confident the euro will survive despite the debt crisis, he said in an interview with newspaper Welt am Sonntag."Naturally we are looking at a very difficult situation, but the euro has always been a political project, and that remains intact," Mr. Blankfein said. "Of course I believe in the euro. The risk that euro ...

Video Work spaces Past and present

Sun, 19 May 2013 11:22:42 -0400

Richard Schlesinger visits Herman Miller, the creator of iconic chairs and furniture, as well as the dreaded work cubicle. So what's in store for the workplace going ...

Analysis Airline emissions deal may not come before EU deadline

Sun, 19 May 2013 10:36:20 -0400

(Reuters) - Hope is fading for a global deal to regulate the airline industry's greenhouse gas emissions ahead of a fall deadline, even though failure could push the industry back to the brink of a trade war over the European Union's emissions trading ...

Analysis Frontier Markets booming but risks mounting

Sun, 19 May 2013 09:46:26 -0400

NEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track ...

German minister calls EU move on China solar grave mistake

Sun, 19 May 2013 09:15:20 -0400

Reuters © Germany's Vice Chancellor and Free Democratic Party (FDP) Chairman Philipp Roesler attends the second day of an extraordinary FDP Party meeting in Nuremberg May 5, 2013. REUTERS/Kai ...

Tesco clothing brand plans international expansion

Sun, 19 May 2013 09:15:11 -0400

said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.F&F, which opened its first franchise store in Saudi Arabia last year, said it would open shops across the Middle East and in Kazakhstan, Georgia, Armenia and Azerbaijan.Up to six stores will be opened this year, with the first in the Kazakh capital Astana next month.F&F gave no details ...

EU ridiculed for banning olive oil jugs from restaurants

Sun, 19 May 2013 09:07:55 -0400

EU bureaucrats have been ridiculed for shifting their focus from fighting the eurozone's debt crisis to impose strict rules on how restaurants serve olive oil.From 1 January eateries will be banned from serving oil to diners in small glass jugs or dipping bowls and forced instead to use pre-sealed, non-refillable bottles that must be disposed of when empty.The European commission said the ...

U.S. job market gains could lead Fed to taper QE3 early

Sun, 19 May 2013 08:55:16 -0400

By Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labour market do not prove fleeting. Much will ...

Greece to sell Postbank Proton in July stress-test big banks

Sun, 19 May 2013 08:54:49 -0400

ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection ...

MARKET SNAPSHOT Stock Rallys Breadth Is A Sign Of Strength Froth

Sun, 19 May 2013 08:52:41 -0400

The S&P 500 Index (SPX) rose 2.1% last week to close at a record of 1,667.47 Friday, its 16th record close this year. Similarly, the Dow Jones Industrial Average (DJI) rose 1.6% on the week to 15,354.40, its 21st record of the year. The major benchmarks, including the Nasdaq Composite (RIXF), have made a nearly unchecked 16%-17% gain for the year.It's not just the indexes that are ...

Stocks to Watch Stocks to watch Campbell Soup Qihoo

Sun, 19 May 2013 08:19:31 -0400

SAN FRANCISCO (MarketWatch) -- Expectations are running high for Campbell Soup going into the food company's earnings report Monday ...

Market Snapshot Stock rally’s breadth is a sign of strength froth

Sun, 19 May 2013 08:19:30 -0400

"The bulls don't have to try too hard because previous bearish forces are adding fuel to the fire, propelling the market higher," Wilkinson ...

Sir Mervyn King dont demonise bankers

Sun, 19 May 2013 08:17:12 -0400

Mervyn King said on Sunday that the failings of the financial and regulatory system were the root cause of the turmoil which struck the world economy almost six years ago.King, who leaves the Bank this summer, told Sky News's Murnaghan programme that there was widespread risk-taking in the runup to ...

Bank of Englands King sends message to successor Carney

Sun, 19 May 2013 08:04:37 -0400

Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, ...

Microsoft to announce new Xbox

Sun, 19 May 2013 08:02:38 -0400

DURANGO, Infinity, 720, whatever the name, it seems clear Microsoft will launch the next generation Xbox console on May 21. It's been nearly eight years since the Xbox 360 was launched and while it's had its ups and downs, there can be no doubt it's one of the most successful game consoles of all time. Microsoft has remained tight lipped on the mere existence of a new console and, ...

Shell Had Lobbied against Tighter Regulation - Report

Sun, 19 May 2013 08:02:22 -0400

Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) last year argued against proposed European rules designed to tighten scrutiny of commodity markets, according to documents obtained by the Sunday Telegraph.Last week, European regulators conducted probes of oil companies, including Shell, BP PLC (BP, BP.LN), and Statoil ASA (STO, STL.OS), as well as Platts, a price-reporting agency. EU ...

EU decision to lift Syrian oil sanctions boosts jihadist groups

Sun, 19 May 2013 07:26:10 -0400

oil sanctions in an effort to aid the opposition has accelerated a scramble for control over wells and pipelines in rebel-held areas and helped consolidate the grip of jihadist groups over the country's key resources.Jabhat al-Nusra, affiliated ...

The Irish Times Timidity in turbulent economic times

Sun, 19 May 2013 07:25:39 -0400

The newspaper was first published on March 29, 1859 on a thrice weekly basis. Daily publication began on June 8, 1859. The current editor of The Irish Times terms his daily publication "a newspaper of reference," in place of the label "newspaper of record," which has been made redundant in the Internet age. However, while the appetite to take on the forces of social ...

Exclusive South Africas NUM seeks 15-60 percent wage hikes from gold coal producers

Sun, 19 May 2013 07:14:18 -0400

JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said on Sunday it would seek pay hikes of up to 60 percent from the country's gold and coal producers in upcoming wage talks which are expected to be among the toughest ...

BoE governor King warns of euro risk to British recovery

Sun, 19 May 2013 06:23:26 -0400

Governor of the Bank of England Mervyn King speaks to employees during the opening of the Prudential Regulation Authority, in central London April 2, ...

BOEs King More Needs to Be Done for U.K. Recovery - TV

Sun, 19 May 2013 06:21:04 -0400

More needs to be done to secure the U.K.'s economic recovery, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. It's only a modest recovery, and we certainly can't be satisfied with it," Mr. King said in excerpts of an interview to be broadcast on Sky News at 0900 GMT.He added policy makers need to do more to drive recovery and ensure idle resources ...

Abuse of women and children – even nice guys are guilty of looking away

Sun, 19 May 2013 05:44:15 -0400

Suzanne Moore leads a phalanx of angry women with a lot to say about the flood of abuse cases, but men have signally failed to rise to the ...

Microsoft to launch new Xbox game console this week

Sun, 19 May 2013 05:32:45 -0400

Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market.Gamers are gravitating to ...

Independent Scotland open to Cyprus-style bank risks says Britain

Sun, 19 May 2013 05:00:37 -0400

Reuters © Scotland's Finance Secretary John Swinney gestures during his draft budget address in the debating chamber of the Scottish Parliament in Edinburgh, Scotland September 20, 2012. REUTERS/David ...

Winning ticket for 590-mln-dollar Powerball jackpot sold in Florida

Sun, 19 May 2013 03:59:57 -0400

The winning ticket was sold at a supermarket in Zephyrhills, Florida. No further details on the lone winner was available. The numbers drawn Saturday were: 10, 13, 14, 22 and 52 with a Powerball number of ...

Kuwait replaces oil officials at KPC after $2.2 billion Dow payment

Sun, 19 May 2013 03:50:21 -0400

KUWAIT (Reuters) - State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co ...

Microsoft holds NGOs Connection Day in Accra

Sun, 19 May 2013 03:10:29 -0400

The event organised on the theme, "Technology for Social Good" was to help NGOs harness the power technology in the delivery of their social ...

Microsoft poised to invest in promising ICT experts in Ghana

Sun, 19 May 2013 03:10:29 -0400

Accra, May 18, GNA - Microsoft is poised to invest in the young and promising Information Communication Technology (ICT) experts who are willing to transform Ghana through the power of ...

Green Deal debt may have to be repaid before property sold

Sun, 19 May 2013 02:21:17 -0400

energy efficiency improvements in their home with no, or little, upfront cost; instead, these are funded by a loan repaid through their electricity bill.Crucially, the "golden rule" of Green Deal is that you should not pay back more in loan repayments than you are saving on your energy bill - but this can mean that, depending on the cost of the improvement, you could be making loan ...

Market to take cues from FIIs inflows corporate earnings

Sun, 19 May 2013 02:03:22 -0400

Fifteen touch-screen smartphones to consider below Rs 15,000 Within the huge list, we take a look at fifteen touch-screen smartphones that have been ...

Weak yen helps drive Japan earnings but no cure-all

Sun, 19 May 2013 01:22:09 -0400

Japan's earnings season has drawn to a close with the sharply weaker yen helping inflate profits at some of the nation's top exporters, but, warn some commentators, the drop is not all good news. Sony booked its first annual profit in five years, Toyota more than tripled its earnings in the fiscal year to March and the head of rival automaker Nissan hailed the taming of the currency. ...

Fed up with ben

Sun, 19 May 2013 00:43:33 -0400

"We don’t have to worry about a recession - we are in a depression," says James Rickards."If you take the classic definition of a sustained, long-term downturn with economic growth below trend, then we are in the midst of a depression," says the senior managing director of Tangent Capital and author of "Currency Wars."Rickards doesn’t see Fed Chairman Ben ...

France Must Take Deficit Cuts Seriously Bundesbank head

Sun, 19 May 2013 00:37:39 -0400

France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on ...

These Cloud Stocks Can Fly Pros

Sun, 19 May 2013 00:37:39 -0400

cloud computing , which allows consumers and businesses to access data and applications anywhere, anytime. "You have to focus on cloud as a tech investor at this point," Ken Allen, technology portfolio manager at T. Rowe Price, told CNBC this week. "It cuts across the industry, across subsectors." Given cloud computing's potential, Wall Street analysts remain bullish on ...

Google Faces Fresh Claims On Tax Avoidance

Sun, 19 May 2013 00:31:15 -0400

A former Google executive has accused the company of cheating the taxpayer out of hundreds of millions of pounds. Barney Jones claims the firm has been running an "immoral" tax avoidance scheme for the past decade. The 34-year-old, who worked at the company between 2002 and 2006, made his allegations to The Sunday Times. "The real victims are ordinary taxpayers in Britain ...

Wall Street needs to pay its fair share

Sun, 19 May 2013 00:18:41 -0400

I read with interest the letter by Congressman McKinley bemoaning the jobless recovery saying that " what's happening on Wall Street is not translating to Main Street across America." So true. Since he asked "What can Congress do to help?" I'd like to make some commonsense suggestions to our representative that would help our local Main Street businesses, struggling ...

Sharp CEO California is what I know

Sat, 18 May 2013 23:54:14 -0400

May 14, 2013-SAN DIEGO, CA Sarah Cleary, right, a Sharp Rees-Stealy licensed vocational nurse at the Sorrento Mesa clinic takes measurements of 11-month-old Lili Ayson, center, during a visit with her father, Jeremy Ayson, left, of Mira ...

The Star Tribune 100 This year its a top-heavy list

Sat, 18 May 2013 23:03:37 -0400

The Star Tribune 100 is getting thinner at the bottom and heavier up top. The 10 firms at the top of our list of the state’s biggest public companies brought in 79 percent of the revenue generated by the whole index in 2012. Ten years ago, their share was 71 percent. Many factors have combined to thin the ranks of up-and-comers. Going public has become more difficult and costly, ...

Star Tribune 100 Comings and goings

Sat, 18 May 2013 23:03:36 -0400

Deals The biggest additions to the Star Tribune 100 this year are not new companies but acquisitions by some of our biggest companies. The biggest deals last year include: ...

Best Buy is selling the countrys first 60-watt equivalent LED light bulb for $10

Sat, 18 May 2013 23:03:34 -0400

Best Buy is waiting for you. The Richfield-based electronics retailer quietly introduced 40- and 60-watt equivalent LED bulbs late last year for $15 and $18, but a subsidy ...

Rebalancing is a simple but effective way to manage your money

Sat, 18 May 2013 23:03:33 -0400

Q: Is there a preferred way to rebalance a portfolio? My bond funds need an infusion. It seems like it might be good to harvest some of those stock increases by moving money from equity funds to bond funds. Dawn A: Rebalancing a portfolio is a simple but effective money management technique. The essence of investing is uncertainty. For example, I'm an optimist on equities and the economy. ...

Higher sales hiring and spending signal robust business optimism

Sat, 18 May 2013 23:03:32 -0400

For the third consecutive year, most executives at Minnesota's biggest public companies say the next 12 months are going to be strong for sales, hiring and capital investment. Our 22nd annual Star Tribune 100 survey of Minnesota's largest publicly held companies found: o Eighty-six percent of the responding firms expect their 2013 sales to improve from last year's. Another 13.5 ...

Getting the full picture on annuities and insurance

Sat, 18 May 2013 23:03:30 -0400

Life insurance and annuities are supposed to accomplish straightforward goals: life insurance provides for your family if you die unexpectedly and annuities guarantee a steady stream of income in retirement. But right now, both are being promoted for their tax benefits. Money put into these products grows on a tax-deferred basis just as it does in retirement accounts. In the case of annuities, ...

Motivation is their business at MotivAction of Plymouth

Sat, 18 May 2013 23:03:29 -0400

The recession is over. Just ask the folks at MotivAction, which helps companies pump up workforce motivation with incentive programs that drive sales, improve service and make customers happy. MotivAction, which has been in business since 1976, has added 15 new clients in each of the last two years while revenues increased by 17 percent in both 2011 and 2012. "We’re mostly a leading ...

Legal Aid fights to close the justice gap for societys most vulnerable

Sat, 18 May 2013 23:03:27 -0400

Cathy Haukedahl, a veteran Minnesota deputy attorney general and business lawyer at Felhaber, Larson, Fenlon & Vogt, was a longtime volunteer at Mid-Minnesota Legal Aid before she joined the nonprofit as deputy director in 2002. She was named executive director in 2011. She’s spent a lot of time at the Minnesota Legislature recently, lobbying for more funding for an agency that’s ...

The skinny on who’s back in NYC

Sat, 18 May 2013 23:00:59 -0400

Why slave away at the gym when you can go to Club Fed and melt the pounds away like Danielle Chiesi?The 47-year-old equities analyst, who pleaded guilty to securities fraud in history’s biggest insider-trading case, is back in town, looking fit and trim.The newly svelte Chiesi was transferred to a federal halfway house in the Bronx last week after serving only 15 months at a West Virginia ...

Fed up with ben

Sat, 18 May 2013 23:00:58 -0400

AF takes hit on fat

Sat, 18 May 2013 23:00:58 -0400

is a rude man. But is he simply rude and crude, or is he rude and shrewd?The 69-year-old preppy clothier last week shrugged off an old quote he gave to Salon.com."Candidly, we go after the cool kids," he told the blog in 2006. "A lot of people don’t belong [in our clothes], and they can’t belong. Are we exclusionary? Absolutely."Jeffries said the quote, which ...

Big Apple is hard on small startups

Sat, 18 May 2013 23:00:57 -0400

"If you can make it here . . ."That’s the refrain of small businesses trying to make a go of it in the Big Apple.But according to recent polls looking at entrepreneurship, there are many huge hurdles facing small startups, starting with a state and local tax rate of almost 16 percent, compared with the US average of 6.8 percent."While sales in New York are higher than in ...

FreedomFest returning to Alcoa

Sat, 18 May 2013 21:11:30 -0400

While the city's recession-strapped budget dictated that city leaders cancel the event several years ago, a new partnership with Alcoa, Inc., is helping bring it back for its 32nd year, according to a city of Alcoa news ...

An Independent Scotland More Vulnerable to Financial Shocks - UK Treasury

Sat, 18 May 2013 20:00:09 -0400

An independent Scotland would have an exceptionally large banking sector, compared with the size of the rest of its economy, making it vulnerable to financial shocks and putting Scottish taxpayers at significant risk in the event of the country being hit by another banking crisis, the U.K. Treasury said Sunday.In an analysis paper, the third in a series the U.K. government is releasing ahead of ...

Video Final countdown to record Powerball jackpot

Sat, 18 May 2013 19:58:24 -0400

Excitement is growing as the drawing nears for the record-setting Powerball jackpot. Carter Evans reports from California, the latest player to join the multi-state lottery, where residents are buying up 10,000 tickets every ...

Hamish McRae Share price increase shows Lloyds Bank is healing – but only just

Sat, 18 May 2013 19:20:41 -0400

One of the country's most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006 at the British Press ...

One tax law for us and another for Amazon | Nick Cohen

Sat, 18 May 2013 19:20:04 -0400

On the edge of Rugeley stands Amazon's largest distribution centre in Britain. Life for the workers who trudge around the 800,000 sq ft warehouse is not as bad as it was for the men who once worked in the pits of the Staffordshire coalfield, but that is not saying much. They must carry satnavs, which direct their movements round the stacks and flash warnings from managers to stop dawdling or ...

UK exporters whistle up success in a thriving new market America

Sat, 18 May 2013 19:20:03 -0400

When the New York Philharmonic needed cuckoo and nightingale sounds for a performance of Haydn's Toy Symphony, it was a whistle factory in Birmingham that took the call.Acme Whistles dispatched the various bird call whistles from its factory in Birmingham's jewellery quarter. It was one of the more unusual deliveries from what has become a multimillion-pound US order book for the ...

If everyone knew the oil market was open to rigging why did no one act

Sat, 18 May 2013 19:20:01 -0400

petrol companies a clean bill of health after a cursory examination barely four months ago, the competition authorities in Brussels have just knocked down the corporate doors in their first move on alleged market ...

Should John Humphrys have won an award for savaging his own boss

Sat, 18 May 2013 19:20:00 -0400

BBC mandarin too mighty to escape a Humphing good towsing. You don't get much more independent and award-worthy than that.Which is what the judges obviously thought. Any alternative? Just, perhaps, that it's slightly odd to bestow such accolades for unseating a boss who hadn't done anything much wrong except fail to get a grip on swift-moving events in his earliest weeks in office ...

Amazons tax arrangements are nothing short of a work of art. Bravo

Sat, 18 May 2013 19:19:58 -0400

Amazon has come in for plenty of stick for paying so little tax in the UK. But its actions display such impish wit that it's hard not to revel in the majesty of a terrible thing well ...

Three reasons why the US got itself out of an economic mess

Sat, 18 May 2013 19:19:57 -0400

America's economic structure, its leaders' ability to make rapid political decisions and cultural memories of the Great Depression have been the engine of its ...