Latest Breaking Business News
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Sony Microsoft or Nintendo Were In A Console Rut
week's Xbox One announcement . The "best" part of the hour long presentation was near the beginning, when it was demonstrated that the Xbox could flip seamlessly between television and the console with a simple voice or gesture command. The audience cheered as the screen flipped forward between a game and TV, and it did feel vaguely futuristic. But when you stop and think about ...
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BP Shell Statoil in U.S. Lawsuit Over Alleged Oil Manipulation -FT
LONDON – BP PLC (BP.LN), Royal Dutch Shell PLC (RDSA.LN) and Statoil ASA (STL.OS) have been named in the first lawsuit to be filed following a European Commission antitrust investigation into alleged manipulation of oil prices and benchmarks, the Financial Times in London reported Saturday, citing legal documents.The oil majors were named as defendants in a class action filed in New York ...
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Proxy firms still powerful and free
From trouble with securities regulators, to a failed high-stakes attempt to shake upthe board at Wall Street giant JP Morgan Chase & Co. and a rising chorus of complaints they wield too much power -- shareholder proxy firms appear to be under attack. Are these revered investor warriors losing their power to influence boardrooms and critical votes such as takeovers? Advisory firms meekly ...
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Stephen Poloz ‘The smartest guy in the room’
Mr. Poloz, 57, has been president and CEO of credit agency Export Development Canada, based in Ottawa, since 2011. He joined EDC, a self-financing Crown corporation, in 1999 as vice-president and chief economist, and was promoted to senior vice-president and chief economist in 2004. Prior to EDC, he spent five years with Montreal-based Bank Credit Analyst Research, an independent global ...
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America’s HENRYs driving luxury goods boom
PARIS/NEW YORK -- Most men might balk at spending US$600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam and demand in Europe sags. "There is a cultural ...
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WWII Medals Back After Mistaken Donation
Memorial Day , a mystery that started with a surprise discovery by Goodwill in Missouri had a happy ending. A box of World War II medals, awards and other mementos was discovered by MERS/Missouri Goodwill earlier this week. Lewis Chartock, chief executive officer of MERS/Missouri Goodwill, said he believed the box was donated to Goodwill but was likely flagged by a processing person. ...
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How Credit Scores Predict Your Behavior
Credit scores, as with most attempts to make sense of our world, operate on the assumption that the near future will look a lot like the recent past, and that going forward, people can be expected to behave pretty much as they always have. That ...
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France begins withdrawing from Mali
France began the first stage of a withdrawal from Mali Saturday in what it says is a plan to pull out most of its troops and equipment by the end of the year. A convoy carrying unneeded equipment and vehicles left a French base outside the capital, Bamako, headed for Abidjan ...
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Why Jelly is good for small businesses
The Jelly support group for small businesses started when two freelances saw the benefits of teaming up with other home-workers. Photograph: Andrew ...
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Finfacts v Irish Status Quo Corporate tax and property bubble taboos
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 ...
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In Tornados Wake Look For Insurance Rate Hikes
tornado in Moore, Okla., is fixing to expand its reach. While insurance companies don't try to raise rates solely on the basis of a single storm or disaster, a series of disasters can push them to seek higher rates where the events took place. The past five years have seen numerous significant tornadoes, and with the Moore tornado coming shortly after several other serious ones ...
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Danica Patrick From Race to Sponsorships
The Indy 500 runs on Sunday, and then there is the Coca-Cola 600 at the Charlotte Motor Speedway, where Nascar driver Danica Patrick will be racing. Patrick discusses how she prepares for a long ...
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Muni Strategy Buy High Sell Low
Municipal bonds face trouble ahead that one expert compares to lava flowing from a volcano--that will ooze into the fixed-income sector. The $3.4 trillion muni industry faces a multitude of threats, ranging from the high-profile financial problems of big cities to tax challenges resulting from Washington budget negotiations. Consequently, Marilyn Cohen, president of Envision Capital Management, ...
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Airline Stocks Taking Flight
Everyone is hitting the roads ahead of Memorial Day weekend. CNBC's Phil LeBeau reports on Delta's new terminal at JFK, and the airline index is up more than 50 percent this ...
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Mayer on Potential Yahoo Acquisitions
Yahoo! CEO Marissa Mayer addresses whether the company has any immediate plans to acquire other companies. This interview originally aired May 21, 2013, on "Squawk on the ...
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The Week That Was Dimons Good Week
CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Bernanke's comments concerned investors. There was good housing news and Apple's Tim Cook faced the Senate's music. Also, Jamie Dimon held on to his dual ...
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Sprint Deal a Matter of National Security
New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs ...
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Do Babies Destroy a Womans Ambition
Hedge fund billionaire Paul Tudor Jones made a comment in regards to female traders losing ambition after having children. Say What? Karen Finerman, Metropolitan Capital and CNBC's Michelle Caruso-Cabrera, share their ...
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Summer Investing Advice From the Pros
David Darst, Morgan Stanley Wealth Management and Jeff Kleintop, LPL Financial, discuss market opportunities to help kick off your summer investing. "Buy some health care, and get some energy into the portfolio," says ...
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Solutions to Bridge Road Woes
Thursday's collapse of a bridge in Washington has brought more attention to other bridges and roads that are in dire need of repair. David Doll, Sequent Asset Management, and Adam Babson, Russell Global Infrastructure, discuss what opportunities exist ...
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Beef Prices Concern Traders
Beef demand is up, and supplies are down, reports CNBC's Jane Wells. One California rancher Bud Sloan is having to buy feed because of the drought, and has cut his herd nearly in ...
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IRS Scandal The Political Fallout
Discussing the politics surrounding the IRS Scandal, with Noelle Nikpour, author of "Branding America"; Mark Levine, Democratic Policy analyst; Robert Costa, National Review; and Scott Rasmussen, Rasmussen ...
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Lois Lerner Taking the 5th or Not
Discussing what's next for IRS official Lois Lerner, and whether it's time for an IRS special counsel, with Tom Curran, Peckar & Abramson and John Eastman, Chapman ...
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Vogue of the speedway How motorsports improve what we drive
The rally car has allowed carmakers to conduct endurance testing on everything from engines to breaks. When the field lines up on the Indianapolis Motor Speedway track this weekend, they'll begin with a pace lap behind a 2014 Chevrolet Corvette Stingray driven by San Francisco 49ers coach Jim Harbaugh.Although Harbaugh might be more used to a gridiron than starting grid, he should feel at ...
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Oddie Confronts HSBC Over Forest Desecration
Bill Oddie has accused HSBC of funding the desecration of forests in a passionate speech at the bank's annual general meeting in London. The naturalist used his position as shareholder to challenge the bank’s bosses over its links with firms operating in Borneo and Malaysia. Oddie, 71, who won fame in The Goodies, backs campaigners who say that HSBC is funding the destruction of ...
Silicon Valley Focus
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Silicon Valley's Expo ambitions
Moffet Field, a fairly unknown former military airbase in Silicon Valley near Mountain View and Sunnyvale, may become the centerpiece of the 2020 World Expo if Governor Schwarzenegger and other advocated of a California bid get their way.
California wants one of its cities to host the 2020 World Expo, the event is a seminal one on the world calendar and is expected to draw in over 70 million visitors to Shanghai, the city currently hosting the exhibition, which last six months. Read more
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