Latest Breaking Business News
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Gilders Knowledge and Power
Texas Gov. Rick Perry will be CNBC's Larry Kudlow's guest on Wednesday night. Also, George Gilder, author of "Knowledge and Power," discusses the gap between knowledge and power, and how to solve the "paralysis of our ...
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DuckDuckGo Search Engine Surges 33
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and ...
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Chrysler agrees to recall 1.56 million Jeeps
The NHTSA's concerns over older-model Jeep Grand Cherokees and Libertys has prompted a recall after investigations found a crash from behind could puncture the fuel tank, possibly causing a fire. NBC's Brian Williams ...
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Ex-Lockheed official joins board of Norwegian titanium firm
LMT.N ) incoming CEO after having an affair with a subordinate, said he has joined the board of directors of a Norwegian titanium producer that works closely with Spirit AeroSystems Inc ...
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United Dreamliner lands safely after possible oil filter problem
SEATTLE (Reuters) - United Airlines said on Tuesday that a Boeing Co 787 on its way to Tokyo from Denver was diverted to Seattle after an indication of a problem with an oil filter, but said the plane landed without ...
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Tinkler gives up half of Whitehaven stake to lender
The U.S. fund, Farallon Capital Management picked up a 9.9 percent stake from Tinkler and entities associated with him, taking its holding in Whitehaven to 16.6 percent, it said in a shareholding notice to the Australian stock ...
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Vodafone raises Kabel Deutschland offer after rival bid report
The logo of Germany's biggest cable operator, Kabel Deutschland, is written on a door bell at the Kabel Deutschland playout center in Frankfurt February 25, ...
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Quake studies cut short by nuke shutdown
The operator of the San Onofre Nuclear Generating Station is likely to scale back a robust slate of earthquake studies as it moves forward with retiring the coastal power ...
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We were not leaned on over branch sale says Lloyds
The bosses of Lloyds Banking Group have denied that they were told by politicians to favour the sale of more than 600 branches to the Co-op over rival ...
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Banking reform after the crash
Today's parliamentary report on the flaws and failure of banking and banking regulation is nearly 600 pages long and the product of months of work, but it needs to be read in the light of one big fact. At the height of the banking crisis, every man, woman and child in Britain stuck 19,271 each behind the banking sector. According ...
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Andrew Tyrie carves out role as inquisitor-in-chief of financial crisis
Andrew Tyrie, a former adviser to Conservative chancellors Nigel Lawson and John Major, joined parliament in 1997. Photograph: Kirsty ...
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Pay cuts imposed on top civil servants could lead to exodus of talent – auditor
pay and conditions of senior civil servants have deterred private sector managers from taking up Whitehall jobs and could result in an exodus of talent, the government's independent auditor has warned.A report by the National Audit Office concludes that there are "clear capability gaps" in the ...
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Jail threat for reckless bankers among proposals to clean up banking system
George Osborne is facing pressure to radically overhaul Britain's banks by introducing a new law to jail bankers for "reckless misconduct" and force bankers to wait up to 10 years to receive their bonuses.The proposals, among the key measures recommended in a major report by the parliamentary commission on banking standards, also include a call on him to consider breaking up the ...
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Jo Swinson proposes streamlined appeals system for businesses
regulators from introducing consumer-friendly measures will be curbed under proposals published by the government on Wednesday.The Business minister, Jo Swinson, is proposing a streamlined appeals system for challenging decisions by the UK's economic regulators, which ...
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Food packaging traffic lights to signal healthy choices on salt fat and sugar
Research found consumers ignored food labels when more than one system was used, such as traffic lights and guideline daily amounts. Photo: Press ...
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Microsoft Dynamics ERP software now available on the Azure cloud
IDG News Service - Microsoft is upping the stakes in the growing market for cloud-based ERP, with its Dynamics GP 2013 and NAV 2013 products now available for deployment on its Azure service. The launch, announced Tuesday, gives customers another option for cloud-based ERP (enterprise resource planning) services besides NetSuite, SAP Business ByDesign and others. It's a bit late in coming, ...
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Fed May Not Be Able to Tame Volatile Trading
"That's how I see it. Tomorrow is dangerous," said Art Cashin, director of NYSE floor operations at UBS. Financial markets always watch the Fed, and they always hang on every word of Fed policy. But the Fed's ...
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Thomas Jackson Judge who tried to split up Microsoft
Thomas Penfield Jackson, who died of cancer on 16 June at the age of 76, was a federal judge in Washington who presided over a Microsoft antitrust case and ordered the software giant to be split up. He also presided over the the drug possession trial of the former Mayor of Washington, Marion ...
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REFILE-PM Abe says G8 welcomed Japans economic policies
BELFAST, June 18 (Reuters) - Japanese Prime Minister Shinzo Abe said on Tuesday G8 leaders expressed strong support for his "Abenomics" economic policies and he has heard no concerns about Japan's radical monetary ...
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UKs Osborne to unveil future of state-controlled banks
Britain's Chancellor of the Exchequer George Osborne speaks at the Confederation of British Industry (CBI) annual dinner in London May 15, ...
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Dolce and Gabbana face verdict on alleged tax evasion
MILAN (Reuters) - An Italian court is expected to rule on Wednesday on whether legendary fashion duo Domenico Dolce and Stefano Gabbana should be sent to prison for allegedly hiding hundreds of millions of euros from the tax ...
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Dish abandons Sprint bid to focus on Clearwire
Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas, Nevada January 4, ...
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The equity markets have been in a seesaw recently
The appetite for risk improved cautiously in the US on Tuesday, as the market hunted for clues from the Fed meeting ending Wednesday. The equity markets have been in a seesaw recently while trying to gauge the Fed's pace of tempering its quantitative easing.The foreign currencies ended divergently again on Tuesday. Euro and franc ended higher, and the yen, pound and the commodity currencies ...
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Fewer Canadian businesses forecasting more losses Conference Board
OTTAWA -- Many Canadian businesses are still struggling to turn a profit, although fewer are forecasting more losses, according to the Conference Board of Canada. The Ottawa-based think-tank said Tuesday its profitability index rose by 0.1 points in May -- the smallest increase in nine months. The board said profit increases, while meager, are being supported by "stronger performances in ...
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Scotia ‘failed to comply with trading supervision obligations’ IIROC settlement
Scotia Capital Inc., the capital markets division of Bank of Nova Scotia, has agreed to pay a fine of $150,000 to settle allegations it failed to implement policies and procedures to prevent and detect potential wash trades and artificial pricing transactions related to high closing. Scotia "admitted that it failed to comply with its trading supervision obligations," according to a ...
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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