Latest Breaking Business News
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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 ...
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Scott London Speaks Out on Kickbacks
Scott London spoke to CNBC's Jane Wells about the KPMG insider trading scheme and how much he made in kickbacks. London says "nothing like this has ever happened ...
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What to Do With Fannie Freddie
A bipartisan bill is in the works to replace Fannie and Freddie with a new government agency. Larry McDonald, Newedge; Ed Butowsky, Chapwood Investments; and Ron Kruszewski, Stifel Nicolaus, ...
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Snowden I Am Not A Spy
NSA leaker Edward Snowden denied that he is a spy for China, reports CNBC's Eamon Javers; and should tech companies have refused the NSA? Keith Boykin, CNBC Contributor; Heather Higgins, Independent Women's Voice; and Peter Brookes, Heritage ...
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Talking Numbers Netflix DreamWorks Deal
Netflix and DreamWorks struck a huge deal that will offer 300 hours of content to NFLX users. Discussing whether investors should buy either stock on the news, with Carter Worth, Oppenheimer, and Enis Taner, ...
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Sprint sues Dish Clearwire to block tender offer
(Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, escalating a takeover battle that also includes Japanese mobile carrier SoftBank ...
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Third Point raises Sony stake presses entertainment spin-off
TOKYO (Reuters) - New York-based hedge fund company Third Point said on Tuesday that it had raised its stake in Sony Corp and asked for an opportunity to present its proposal for a partial spin-off of the company's entertainment unit to Sony's ...
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Starboards battle with Smithfield over China-deal adds to activist image
NEW YORK (Reuters) - Since Starboard Value LP was spun off as a separate hedge fund just over two years ago it has been fast gaining a reputation for aggressive shareholder activism, pushing for change in household names including AOL ...
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Hedge fund manager used postal box to hide $6 million fraud Feds say
CHICAGO/SAN FRANCISCO (Reuters) - A North Carolina hedge fund manager used a personal post-office box and forged bank statements to hide his theft of about $6 million over a seven-year period, U.S. regulators and prosecutors said on ...
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Couples steamy romance e-books save their home
CBS News Their youngest son had contracted a virus. Jack was forced to leave a teaching program to care for him. Jasinda, a music and theater teacher, saw her income cut when a school program was cancelled. Jasinda said they were probably about 30 days away from losing their house. At that point, they had no idea what they were going to do. "You can't really show up at ...
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Coca-Cola opens Burmese bottling plant
Coca-Cola began bottling its famous soft drink in Myanmar (Burma) as part of a planned five-year, $US200 million ($A205.8 million) investment after having no local production for more than 60 years. The company announced in a press release the ceremonial inauguration of its bottling plant in Hmawbi Township, a suburb of Yangon, the country's biggest city, with local partner Pinya ...
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GLOBAL MARKETS-Asian shares slide as upcoming Fed meeting jangles nerves
Mon Jun 17, 2013 10:46pm EDT * MSCI Asia ex-Japan slips 0.7 pct, Nikkei opens down 0.3 pct * Dollar steady vs yen, choppy against basket of key currencies By Chikako Mogi TOKYO, June 18 (Reuters) - Asian shares slid on Tuesday as investors waited on tenterhooks for news of the U.S. Federal Open Market Committee's plans for its stimulus programme - with the mere suggestion of fine-tuning it ...
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Sprint files lawsuit against Dish and Clearwire
(Reuters) - Sprint Nextel Corp has filed a lawsuit against Dish Network Corp and Clearwire Corp to prevent the completion of Dish's offer for Clearwire's shares.The lawsuit details how Dish has "repeatedly attempted to fool Clearwire's shareholders into believing its proposal was actionable in an effort to acquire Clearwire's spectrum and to obstruct Sprint's ...
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British prosecutor to charge central Libor suspect source
Former Citigroup and UBS trader Thomas Hayes is alleged to have been a central figure in a scam to rig global benchmark interest rates. (Michael ...
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Class-action lawsuit filed in NYC against Warner Music Atlantic over unpaid internships
NEW YORK -- A former intern filed a class-action lawsuit Monday against Warner Music Group and Atlantic Records over his unpaid internship, similar to a spate of recent lawsuits in other industries pushing back against the widespread practice. In the filing in state Supreme Court in Manhattan, plaintiff Justin Henry says he was never paid for the office work he performed from October 2007 ...
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Commuter train from NY to Long Island disabled in tunnel may have derailed no injuries cited
NEW YORK -- A commuter train from New York City to Long Island has become disabled and may have derailed in a tunnel under the East River. No injuries have been reported. Metropolitan Transportation Authority spokeswoman Marjorie Anders says it happened around 6 p.m. The 10-car Long Island Rail Road train was moving slowly as it entered the tunnel. Anders says it probably derailed. Passengers ...
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Ill. governor signs nations toughest fracking regulations could lead to thousands of jobs
CHICAGO -- Illinois Gov. Pat Quinn has signed legislation giving the state the nation's strictest regulations for high-volume oil and gas drilling. In a news release, Quinn's office says the governor signed the bill Monday. Quinn says the law will "unlock the potential" for thousands of jobs in southern Illinois while protecting the environment. Quinn's signature was ...
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Dominican merchants close key border market in protest over Haiti ban of poultry egg imports
SANTO DOMINGO, Dominican Republic -- Merchants in the Dominican Republic have shuttered a large border market in protest over neighboring Haiti's ban on poultry and egg imports. The Dajabon market was closed Monday seeking to pressure Haiti to drop the ban. A Dominican board says the country sells about 25 million eggs and 8 million chickens to Haiti every month. Early in June, Haiti said ...
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Fullscreen YouTube channel gets Chernin-led cash infusion
The picture is getting brighter for YouTube network Fullscreen. The digital media company, which operates thousands of channels on Google’s video-sharing site, is getting an influx of cash to fuel its expansion. The Chernin Group, headed by media veteran Peter Chernin, led the Series A round of funding that included big-media backers Comcast Ventures and WPP Digital.Fullscreen helps brands ...
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SP drops Ford to hold on lower 2013 earnings
A Ford logo stands above the Al Piemonte Ford dealership on June 3 in Melrose Park, Ill. S,P downgraded Ford from a "Buy" to a ...
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Danish regulator tells Danske Bank to set aside more capital
Danske Bank, the country's biggest financial institution, said the order from the Danish Financial Supervisory Authority (FSA) would result over time in a rise in risk-weighted assets of around 100 billion Danish crowns ($17.89 billion) relative to the figure for the first quarter of this year of 797 ...
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Tim Hortons faces pressure from another activist investor
THI.TO ), which recently outlined plans to address the concerns of activist investor Highfields Capital, now faces pressure from another activist ...
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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