Latest Breaking Business News
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McDonalds wins Temecula burger war
The Temecula City Council last week rejected an appeal of the Planning Commission's March approval of plans for a new McDonald's in the Palomar Village shopping center at the corner of Rancho California and Margarita ...
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Wal-Mart told to provide more info in bribe case
WILMINGTON, Del. -; A judge in Delaware ordered attorneys for Wal-Mart Stores Inc. to turn over more information to shareholders seeking records on how the company responded to allegations of bribery involving its operations in ...
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EXCLUSIVE First look at Staten Islands Empire Outlets
These exclusive images offer a dramatic first look at Empire Outlets, the huge shopping/dining/hotel complex planned for the Staten Island waterfront near the St. George Ferry terminal.The 340,000 square-foot project by Brooklyn-based BFC Partners will rise next to the proposed New York Wheel, the world's tallest ferris wheel, which is to be built by a different developer. Renderings ...
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FirstGroup shares plunge after rights issue and sharp fall in profits
Tim O'Toole, FirstGroup's chief executive, said the proceeds from the rights issue would provide the flexibility and capital confidence to work on the creation of long-term value for shareholders. Photograph: FirstGroup ...
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Up to 60 of whiplash claims are fraudulent or exaggerated MPs told
Up to 60% of the whiplash claims brought by car drivers or passengers after accidents are either fraudulent or exaggerated, MPs have been told.David Powell, a manager at Lloyd's Market Association, told the transport select committee investigation examining the size and number of whiplash payouts, that 10-60% of claims were probably not entirely genuine.The adviser to underwriters told MPs ...
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Multinational tax avoiders had better beware the unappreciative taxpayer | Simon Bowers
tax professionals, the president of the CBI clearly feels a growing sense of frustration at the direction of the public debate over multinationals and their tax ...
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Vacation Home Sales Sizzle Rentals Booking Fast
In the kitschy community of St. Michaels, on the Maryland shore, businesses are gearing up for the official start of the season, Memorial Day weekend. Trucks carrying dozens of bicycles are unloading into waterside racks and shopkeepers are moving their bright-colored wares out onto the sidewalks. For real estate rental agents, however, the hard work is largely done. The biggest houses are ...
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United 787 Makes Uneventful Return
Carrying 186 passengers, including the Chairmen and CEO's of United Airlines and Boeing, the Dreamliner made an uneventful return to service in the United States. "It's great to have the Dreamliner back in service," said United CEO Jeff Smisek as he sat in United's Economy Plus section of seats ...
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Tumblr’s Karp Not About the Money Dad
As of today, David Karp is one of the richest, 20-something entrepreneurs in America. But his dad says the sudden wealth--his 26-year-old son stands to make more than $200 million on the sale of the blogging website ...
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Tumblr Deal Gives Yahoo Mobile Boost
With the $1.1 billion acquisition of Tumblr, Yahoo is putting a serious claim in for the future of social and mobile technology. Whether it turns out to be a boon or a bust for Yahoo shareholders, the deal will be one of the biggest tests for chief executive Marissa Mayer's ...
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GrubHub Seamless Will Merge
Rival online takeout services Seamless North America and GrubHub announced plans Monday to combine and create a company covering more than 20,000 restaurants in 500 cities across the country. Financial terms were not disclosed. GrubHub CEO Matt Maloney and Seamless CEO Jonathan Zabusky will become CEO and president, respectively, the companies said in a joint statement. Brian McAndrews, an ...
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US Oil Boom a Shock Absorber From Dollar
The energy boom in the world's largest economy is providing a shock absorber for major U.S. oil companies, helping to hedge a strong dollar as the increase in domestic production buffers them from from currency volatility that can pinch earnings. The relationship between oil prices and the greenback-which on Monday hovered close to near a two-year high against ...
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End Too Big to Fail Fisher vs. Gregg
Dodd-Frank Act is "horribly complex" and doesn't solve the problem of banks being "too big to fail," Dallas Fed President Richard Fisher told CNBC on Monday. In a separate interview, former Sen. Judd Gregg--new CEO of the Securities Industry and Financial Markets Association--agreed but said he'd go in a different direction to fix it. Let's start with the ...
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Britains Cameron tells Google and others to play fair on tax
LONDON (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax ...
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Caterpillar machinery sales down 9 percent in April led by Asia
CAT.N ) said on Monday that retail demand for its construction and mining equipment continued to be sluggish in April, though the sales picture appeared to be improving in almost every market outside North ...
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GM gearing up for big ad push for crucial new pickups executive
GM.N ) redesigned Chevrolet Silverado, the most important since the automaker's bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on ...
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Market Snapshot U.S. stocks slip after hitting all-time highs
SAN FRANCISCO (MarketWatch) -- U.S. stocks tested new session lows Monday, after grinding further into all-time-high territory, as Yahoo Inc.'s acquisition of Tumblr and other deal news dominated investor ...
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Essar Likely to Sign Pact with Chinese Bank for $1 Billion Loan
Essar Oil Ltd. (500134.BY) will likely sign an initial agreement with a Chinese bank Tuesday for a $1 billion loan as part of the Indian company's efforts to tap overseas funds to refinance expensive local debt, a person with direct knowledge of the matter said Monday.The likely deal with China Development Bank will be supported by an agreement to supply fuel products from Essar's ...
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JPMorgan Dimon’s set to face shareholder reckoning over dual roles
Jamie Dimon and the 10 other directors of JPMorgan Chase take the stage in Tampa, Fla., on Tuesday, to face shareholders who can take comfort in a rising stock price and a prospering bank. But those same shareholders may also deliver a humbling rebuff to Dimon and the ...
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Seamless and GrubHub to merge
NEW YORK Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the ...
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Ad of the Day Coca-Cola
the smartphone app that earned Coca-Cola the inaugural Mobile Grand Prix at Cannes last year-which let users buy unsuspecting strangers around the world cans of soda. While that campaign lacked the explicit political theme of this one, both are built around making a gesture of kindness to someone you don't know, and are rooted in the global Kumbaya spirit of the brand's classic Hilltop ...
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US STOCKS-Wall St hovers near record levels as investors hesitate to jump in
Mon May 20, 2013 2:18pm EDT * U.S. Fed has right monetary accommodation in place: Fed's Evans * Dow, S&P briefly hits new session highs * Yahoo's board approves $1.1 bln Tumblr acquisition * Indexes: Dow off 0.2 pct, S&P off 0.2 pct, Nasdaq 0.3 pct By Angela Moon NEW YORK, May 20 (Reuters) - U.S. stocks slipped by afternoon trade on Monday as indexes struggled to break above their record ...
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Online takeout companies GrubHub and Seamless to merge
By Sarah McBrideSAN FRANCISCO (Reuters) - Two of the nation's biggest online food delivery businesses said they are merging in a deal that they hope will drive more orders, in more cities, through their platforms.GrubHub and Seamless, which allow consumers to easily order online from various restaurants, are part of a group of fast-growing businesses that standardize local services under a ...
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Medtronic Boston Scientific patent case heads to Supreme Court
Medtronic and Boston Scientific is headed for the U.S. Supreme Court, the high court announced Monday. The two patents involved cover cardiac resynchronization therapy, or CRT, which gives the heart an electrical shock when its two blood-pumping chambers, or ventricles, get out of sync with each other. Last September, a federal appeals court reversed the ruling of a federal court judge in ...
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Los Angeles jeweler pleads guilty in KPMG case
LOS ANGELES -; The owner of a Los Angeles jewelry store pleaded guilty Monday for his role in an insider-trading case involving a former senior partner at accounting firm ...
India Digest
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Tensions raised over translocation plans for Asiatic lions
In the tranquil wilderness of the Gir forest sanctuary one would never think a political storm was raging over a proposal to move some of the endangered lions that inhabit the reserve.
As the sun sets over the lush, sprawling forest in Gujarat where India’s only Asiatic lions live, they wander majestically through the wild, unaware of the conflict they are creating between Gujarat, the central government and other states that want to share in some of their success. Read more
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