Latest Breaking Business News
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Exclusive Parmalat should cut LAG price by $151 million report to court says
PARMA, Italy (Reuters) - A court-appointed commissioner has recommended Italian dairy group Parmalat cut the price it paid to its parent company Lactalis to acquire its North American cheesemaking division by $151 million, a move that will please minority ...
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U.S. judge limits ex-Goldman Sachs executives defense in fraud case
GS.N ) vice president Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense against charges that he misled ...
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Full text of U.S. Fed statement
The Federal Reserve said Wednesday it will maintain the pace of its program to keep long-term interest rates at record lows, but offered a slightly more optimistic outlook for the U.S. economy and job market. Read ...
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Fed gives no indication it’s ready to scale back QE
WASHINGTON -- The U.S. Federal Reserve on Wednesday said it would keep buying US$85-billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close. Describing the economy as expanding moderately, Fed officials cited further improvement in labour market conditions, and noted ...
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Loblaw tests out smaller discount grocery store format in Calgary
Canada's largest grocer is trying out a new discount small-store format in a bid to attract more customers in urban areas. Loblaw Cos. Ltd. (TSX:L) said it opened the new 10,000-square foot store a few weeks ago in Calgary. The location, named The Box by No Frills, offers "hard discounts and an everyday low price" on groceries and other merchandise, Sarah Davis, Loblaw's ...
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Bombardier books $297-million regional jet order from African carrier
Bombardier Inc. booked an order Wednesday for its regional jets and turboprops from African carrier, Arik Air. The Lagos, Nigeria-based carrier order three of the manufacturer’s CRJ1000s and four Q400 turboprops, valued at $297-million based on list price. It was a welcomed addition to Bombardier’s order book at the Paris Air Show. Until Wednesday, the plane maker had sold three ...
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Microsoft Launches Security Bounty Programs for Windows 8.1 and IE 11 Preview
IDG News Service - Microsoft will pay security researchers for finding and reporting vulnerabilities in the preview version of its Internet Explorer 11 (IE 11) browser, for finding novel techniques to bypass exploit mitigations present in Windows 8.1 or later versions and for coming up with new ideas to defend against exploits. The monetary rewards will be paid ...
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GM nabs two of top five spots in J.D. Power ranking
(MoneyWatch) General Motors won two of the top five brand rankings for the fewest new-car problems, with GMC second and Chevrolet fifth in the annual J.D. Power Initial Quality Study. That is an unusual showing for a Detroit-based company in a list traditionally dominated by import models, especially Honda and Toyota. Porsche was the top brand, Lexus third and Infiniti fourth. In addition to ...
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Best Toilet Papers Wipe Out Top Brands
(Image credit: Amazon.com) Consumer Reports revisited its toilet paper ratings after testing more than two dozen products, naming the worst and best brands. The results may be a surprise to those who think the top national brands are always preferred. Three Walmart products were named in its top five winner’s circle: White Cloud, which is sold only in its stores, and Walmart’s Great ...
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Watch Olympian Lolo Jones Complains About Bobsledding Pay
She may have been joking but Allenby and -- -- -- video about her bobsledding paycheck has sparked some backlash. Jones who is a track and field hurdler is also a member of the USA national ...
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RBS Lloyds Barclays account for most of UK capital gap
Apollo Tyres battled bankruptcy that had wiped out its entire capital base when the co started operations in the late 70s followed by a series of broken tech pacts. Read ...
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Microsoft offers bounties for novel hacker tactics
SAN FRANCISCO (AFP) - Microsoft on Wednesday posted bounties of up to $100,000 for "truly novel" ways to hack the latest version of its Windows software for powering computers."For the first time ever, Microsoft is offering direct cash payouts in exchange for reporting certain types of vulnerabilities and exploitation techniques," the US software titan said in a blog ...
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US STOCKS SNAPSHOT-Wall Street slips after Fed statement
NEW YORK, June 19 | Wed Jun 19, 2013 2:08pm EDT NEW YORK, June 19 (Reuters) - U.S. stocks hit session lows on Wednesday shortly after the Federal Reserve said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the stimulus program. The Dow Jones industrial average fell 51.38 points or 0.34 percent, to 15,266.85, the S&P ...
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Microsoft offers hefty bounties to thwart hackers
By Jim FinkleBOSTON (Reuters) - Microsoft Corp is looking to recruit computer geeks in its ongoing efforts to protect Windows PCs from attacks, offering rewards of as much as $150,000 (95,822.15 pounds) to anybody who helps identify and fix major security holes in its software.Microsoft unveiled the rewards program, one of the most generous in the high-tech industry to date, on Wednesday as it ...
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Western Pa. guardsman sues claiming Target fired him as no show during 2-week training stint
Target Corp., saying he was wrongly fired from one of the chain's Pittsburgh-area stores for violating its "no-call, no-show" policy while he was on a two-week training assignment in Virginia. Andrew Lanier claims in the federal lawsuit filed Wednesday in Pittsburgh that he told his supervisors about the training duty in October 2011 only to be told when he returned that he was ...
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World Food Prize goes to 3 biotech researchers who made genetically modified plants possible
DES MOINES, Iowa -- This year's World Food Prize is going to a Belgian scientist and two researchers in the United States for their innovations that brought the world genetically modified crops. The prize organizers say the technology that allows for the stable transfer of genes into plant cells has improved yields, resistance to insects and disease, and tolerance of extreme climate ...
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FBI director urges caution by Congress before making any changes to NSA programs
WASHINGTON -- FBI Director Robert Mueller is cautioning Congress to give careful consideration before making any changes to the National Security Agency programs for mass collection of people's phone records and information from the Internet. In an appearance before the Senate Judiciary Committee, the FBI director says there are 10 or 12 cases in which the phone records program contributed ...
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Porsche GMC top survey of vehicle quality overall scores hit by glitches with tech features
DETROIT -- Porsche is the top performer in an annual survey of new vehicle quality. J.D. Power questioned more than 83,000 U.S. car owners about problems with their 2013 vehicles in the first 90 days of ownership. In the results released Wednesday, Porsche, GMC, Lexus, Infiniti and Chevrolet owners reported the fewest problems. The worst performing brands were Scion, Fiat, Mitsubishi, Nissan ...
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Currencies Dollar broadly lower ahead of Fed outlook
NEW YORK (MarketWatch) -- The U.S. dollar fell against most rivals, including the Japanese yen, on Wednesday ahead of highly anticipated guidance from the U.S. Federal Reserve on what it plans to do with its bond-buying ...
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Bond Report Treasurys edge lower ahead of Fed meeting
NEW YORK (MarketWatch) -- Treasurys took a weaker tone on Wednesday as investors waited for the Federal Reserve's policy statement and Fed Chairman Ben Bernanke's news ...
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Ian Livingstons government career may be short-lived
Why does Livingston want to be an unpaid trade minister ? We will have to take him at his word: he regards the post as an honour and he is tempted by the chance to try something new. Fair enough. The interesting question is what he does after being trade minister, especially if he's out of job after the election in May 2015. He is 48 and clearly ambitious. A quiet life in ...
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United Utilities and Severn Trent hit by downgrades as markets await Bernanke
, 69p lower at 16.96, saw their shares go ex-dividend. But both were also hit by negative comments from RBC Capital Markets.On United, analyst John Musk issued an underperform rating and cut his target price from 680p to 650p, suggesting its dividends were at risk and it was facing a harsher regulatory environment. He ...
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Microsoft Bug Bounty Program Puts Big Bucks On The Line
new bug bounty program that could pay as much as $150,000 for a single exploit. Last year, Microsoft launched a novel approach to the bounty concept with ...
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Microsoft Finally Offers To Pay Hackers For Security Bugs With $100000 Bounty
Vasilis Pappas claiming his $200,000 reward for developing a new hacking defense at Microsoft's Blue Hat Prize event last year. Now Microsoft is adding ongoing bounties for offensive hacking techniques, too. For years, Microsoft has refused to offer financial rewards to researchers who tell the company about security flaws in its software, even ...
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Bulls Bet On Micron Before Earnings Bears Smell More Blood In Mens Wearhouse
Options traders were snapping up out of the money call options on Micron Technology this morning ahead of the company's third-quarter earnings report after the closing bell today. Shares in the name kicked off the trading session in rally mode, rising as much as 2.6% to a six-year high of $14.11 in the early going, but have since cooled off to $13.80 as of 1:10 p.m. ET. Micron's shares ...
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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