Latest Breaking Business News
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El Centro Border Patrol agent dies in Hawaii
Gungon died at Waimea Falls, on the island of Oahu, said Jessica Lani Rich, president of the Visitor Aloha Society of Hawaii, a nonprofit group that provides assistance to visitors in ...
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Fantastic Holdings issues earnings downgrade
AAP reports that the downgrade reflects the weak retail sector as well as the costs of "strategic initiatives" that the company has pursued. The group said in a statement to the Australian Securities Exchange that it expects to report a net profit after tax (NPAT) in the range of $13.5 million to $15.5 million, compared to FY2012 underlying earnings of $21 million. "The ...
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Your Smartphone Under Attack Pros
Apple CEO Tim Cook told Congress on Tuesday, smartphone growth around the world has spurred the growth of an app economy worth billions of dollars, created jobs and sparked innovation. But it has also been the catalyst for a new wave of cybercrime targeted at mobile devices. ...
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Chinas Bird Flu Outbreak Breaks Bank
The H7N9 virus appears to have been brought under control in China largely due to restrictions at bird markets, but caused some $6.5 billion in losses to the economy, U.N. experts said on Tuesday. Health authorities worldwide must be on the lookout to detect the virus, the experts said, which could still develop the ability to spread easily among humans and cause a deadly influenza pandemic. The ...
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Australian shares rise after Wall St hits new all-time highs
Tue May 21, 2013 8:20pm EDT (Updates with movements in early trade) SYDNEY May 20 (Reuters) - Australian shares rose 0.4 percent on Wednesday, led by blue-chip miners after comments from U.S. Federal Reserve officials eased some concerns that the central bank might scale back its stimulus programme, helping Wall Street close at all-time highs. Bellwether miners BHP Billiton Ltd and Rio Tinto Ltd ...
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Scandal or not one SAC investor cant get enough of Steve Cohen
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 in this May 11, 2011, file ...
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Mexican tycoon Slim seeks funding details of U.S. protest group
People protest holding masks printed with the face of Mexican telecommunications and retail tycoon Carlos Slim as he attends the Meeting of Latin American Businessmen at a hotel in Lima May 3, ...
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Denso executives to plead guilty to price fixing in Toyota case
6902.T ) have agreed to plead guilty to conspiring to fix prices of electronic auto parts sold to Toyota and will cooperate with an ongoing criminal investigation, the U.S. Justice Department said on ...
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U.S. prosecutors consider using racketeering law against SAC source
NEW YORK – U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Prosecutors may use the Racketeer Influenced and Corrupt Organizations Act, most commonly associated with prosecutions against the mafia, to move against Cohen's ...
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Italys RCS MediaGroup Asks Banks to Revise Terms of Refinancing Deal
RCS MediaGroup SpA (RCS.MI) said Tuesday it has asked the financial entities involved in a refinancing deal with the Italian publisher to revise some of the terms and conditions of the agreement following the recent improvement seen in financial markets.The company, which publishes one of Italy's most influential daily newspaper, Corriere della Sera, in mid-April approved the terms of a ...
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UK opposition party leader says Google tax behavior wrong
By Andrew OsbornLONDON (Reuters) - Google Inc's tax affairs will come under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labor party accuses the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax.In comments designed to politically outflank Prime Minister David Cameron ahead of next month's G8 summit on what has ...
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New Xbox faces wider range of competition
Microsoft sees the Xbox One as an all-in-one gaming and entertainment system. It’s set to go on sale in time for the holidays Microsoft ...
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Qualcomm and USAID expand collaboration
A police officer in El Salvador, where Qualcomm and the U.S. Agency for International Development have collaborated on a crime-reduction project, equipping agencies with smart phones that have a special app that connects them to a ...
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Microsoft touts Xbox One as all-in-one entertainment
(Editor's note: I am, at best, confused by a lot of the decisions Microsoft has made with the Xbox One. No backwards compatibility? Fees to share games and play used games? We're talking about paywalls here. And the whole thing has shifted -- or seems to have shifted -- away from gaming and onto Television. That is pretty stupid, if true. -- William ...
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RBS and Lloyds stakes should be sold says IMF
Britain will be advised to sell off the state's holdings in the Royal Bank of Scotland and Lloyds Bank by the International Monetary Fund (IMF) in a move that will embolden George Osborne as he attempts to justify his economic ...
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Tax lost offshore could end world poverty says Oxfam
Oxfam estimates almost $18.5tn is being held for individuals in tax havens around the world, such as the Cayman Islands. Photograph: David Rogers/Getty ...
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Microsoft Reveals The Xbox One
Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...
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UPDATE 4-Microsoft unveils Xbox One with Spielberg Activision tie-up
Tue May 21, 2013 7:18pm EDT By Bill Rigby and Malathi Nayak REDMOND, Wash. May 21 (Reuters) - Microsoft Corp unveiled the "Xbox One" on Tuesday, its first new gaming console in eight years, and its strongest push so far to dominate consumers' living rooms with an array of exclusive media content. The Xbox One took four years to develop and will be the launchpad for a "Halo" ...
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Australia shares seen edging up on Wall St miners may cap gains
SYDNEY | Tue May 21, 2013 7:16pm EDT SYDNEY May 22 (Reuters) - Australian shares are seen edging higher on Wednesday, after comments from Federal Reserve officials eased some concerns that the central bank might scale back its stimulus programme, helping Wall Street close at all-time highs. But mining stocks may fall on weaker copper prices . * Local share price index futures fell 0.1 ...
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Detour Gold returns to the market
Talk about a blot on its copybook. For about three and a half years ended mid-2012, Detour Gold Corp. could do no wrong in the eyes of its employees who were beavering away on building what is slated to be the country's largest gold mine located in northeastern Ontario. Detour's investors were also more than happy over the same time period as their investments continued to grow in ...
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Canada’s banking sector can’t get ‘too complacent’ says Scotiabank chief
There’s plenty of avenues for growth in the banking sector despite the challenging economy and regulatory environment, says the head of Canada’s third biggest ...
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Gold space now a ‘buyer’s market’ Barrick chief says
TORONTO o Gold mining stocks have been decimated in recent months, but Jamie Sokalsky does not think investors should expect any corresponding uptick in M&A activity. Speaking at the Bloomberg Canada Economic Summit, the chief executive of Barrick Gold Corp. said there is a general "anti-M&A" mood in the gold space right now, and that investors don't even ask him about it ...
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US Treasury bond market at a glance
Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 ...
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The Irish loophole behind Apples low tax bill
By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. ...
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Bank of Japan may seek to ease bond market jitters policy seen on hold
Reuters © Bank of Japan Governor Haruhiko Kuroda arrives at the G7 Finance Ministers meeting in Aylesbury, southern England May 10, 2013. REUTERS/Alastair ...
Orlando Focus
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Some residents of Orlando unthrilled by new theme park plan
Tourism is essential to the economy of Orlando, to such an extent that The City Beautiful has become something of the capital city of amusement parks, not necessarily because of their number, but because of the calibre of amusement parks that are located within Orlando. A new theme park proposal for the city, however, has courted the ire of residents.
The three major amusement parks, or theme parks in Orlando are Walt Disney World Resort, SeaWorld Orlando and Universal Studios Orlando, all of which are massive in size and comprise of several different huge parks within themselves. Read more
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