Latest Breaking Business News
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Barroro voices concern over estimated one trillion euro tax evasion
BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...
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German central bank sees signals of economic pick up in Q2
FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...
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HNL cancer drug trial discontinued by Pfizer
NEW YORK - Pharma major Pfizer has discontinued the development of cancer candidate inotuzumab ozogamicin, which is part of a class of therapies called antibody-drug conjugates (ADCs), in the haematological cancer non-Hodgkin lymphoma after it failed to show benefit in overall survival during phase III trials. Pfizer has notified the study investigators and appropriate regulatory authorities ...
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Merger pact by GrubHub and Seamless to stave off rivals
WASHINGTON - GrubHub Inc. and Seamless North America LLC, two of the biggest online services for food-delivery in the U.S., have entered into a definitive agreement to combine their companies to take on rivals in the growing market for online meal orders. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry ...
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Mortgage lending in UK rises highest in four years
LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...
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Construction begins on new island off Jumeirah Beach in Dubai
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
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Microsoft launches all-in-one home entertainment system Xbox One
Microsoft has unveiled its latest video gaming console 'Xbox One' which is believed to transform games, TV and entertainment for the 21st century living room. The latest console reportedly promises a vision of the future. According to a report by the Mirror, 'Xbox One' will allow users to turn on the device with words like "Xbox On", and "snap" will allow users to watch two things at ...
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Microsoft unveils new all-in-one Xbox console
Microsoft unveiled a new Xbox console Tuesday that represents a major upgrade on the US-market-leading Xbox 360 model. The president of the IT giant's Interactive Entertainment Business, Don Mattrick, revealed the hi-tech Xbox One entertainment and gaming console during an event at Microsoft's Redmond, Washington, campus. The Xbox One was presented as an all-in-one system for gaming, watching ...
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Microsoft Unveils New Xbox One Game Console
REDMOND, WASHINGTON Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the Xbox One will attract existing video game fans while also becoming a hub for living room entertainment. The third-generation Microsoft console, coming eight years after the Xbox 360, was unveiled by games unit chief Don Mattrick at an event at the software company's campus ...
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Wall St. extends gains after Bernanke comments
U.S. stocks extended gains on Wednesday immediately following prepared testimony from Federal Reserve Chairman Ben Bernanke before a congressional panel.The head of the central bank said monetary stimulus is helping the economy recover, and the Fed needs to see further signs of traction before taking its foot off the ...
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First Look Microsoft introduces an elegant Xbox with sharper Kinect but much unknown
Microsoft Corp.'s Don Mattrick unveils the next-generation Xbox entertainment and gaming console system, Tuesday, May 21, 2013, at an event in Redmond, ...
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Bernanke warns that premature ending of Feds stimulus efforts would carry substantial risks
Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, March 20, 2013, following the Federal Open Market Committee ...
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Judge considers injunction after ruling Abercrombie Fitch Hollister unfriendly to disabled
DENVER - A federal judge in Denver is considering an injunction after ruling that nearly 250 Abercrombie & Fitch Co. and J.M. Hollister LLC clothing stores are unfriendly to the disabled. Judge Wiley Daniel agreed in March with the Colorado Cross-Disability Coalition that the retailers that cater to a hip, young clientele limited access for customers in wheelchairs. Daniel says the only ...
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Tech Stocks NetApp Apple rise Microsoft Oracle slide
SAN FRANCISCO (MarketWatch) -- Apple Inc. and NetApp Inc. led the tech sector higher Wednesday, but the group was weighed down by declining shares of Oracle Corp. and Microsoft ...
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Currencies Dollar falls as investors await Bernanke
NEW YORK (MarketWatch) -- The U.S. dollar fell Wednesday as investors waited to hear Federal Reserve Chairman Ben Bernanke's view of the U.S. economy and what that may mean for the Fed's bond-buying ...
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Market Snapshot U.S. stocks creep up before Bernanke testifies
NEW YORK (MarketWatch) -- U.S. stocks moved up modestly in Wednesday's early going before Federal Reserve Chairman Ben Bernanke's much-anticipated appearance in front of ...
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FTSE 100 would sit at 9200 if dividend payments are included
is, as we know, close to its all time highs reached on the last trading day of December 1999.The index is current up 8.65 points at 6812.52, compared to the peak of 6930.But the rise in the index is only part of the story, as Mike Ingram at BGC Brokers points out. UK companies also pay out dividends to investors, something which pension funds and the like rely on.According to Ingram's ...
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Paint it red artists find new life in west Cumbrias disused iron ore mine
Alan Cleaver on how four artists in Egremont, west Cumbria, are breathing new life into a disused iron ore mine by using the haematite to produce high-quality ...
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Nationwide profits leap 56 amid acquisition speculation
Nationwide has revealed plans to raise up to 500m of extra capital, prompting speculation that it may go shopping for acquisitions. However, Britain's biggest building society also admitted it had doubled its provisions relating to problem commercial property loans to 493m, and warned that these "continue to pose challenges to our short-term profitability".Announcing a 56% leap in ...
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House of Fraser online sales jump by 53
House of Fraser's flagship Oxford Street store in London. Online sales accounted for 10.9% of total sales in the year to end of January. Photograph: Martin Godwin for the ...
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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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Wal-Marts Worth $80 Despite Soft Quarter
Wal-Mart 's Q1 fiscal 2014 results were disappointing as its U.S. comparable store sales declined by 1.4%. This can be mainly attributed to weak consumer spending during the quarter due to the payroll tax increase and delayed tax refunds. Also, the unusually long winter impacted sales of weather-sensitive products. However, there were some underlying positives for the retailer, including ...
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Markets Total Produce confirms earnings target for 2013
a statement today that it was confirming its previously announced target adjusted earnings per share in the range of 8.00 cent to 8.80 cent remains ...
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Microsofts Kinect for Xbox One What It Can Do And Why Its Special
The Xbox One will sit on top of other living room devices, and the new Kinect will sit on top of the Xbox One. There's been plenty of positive Xbox One coverage since yesterday's launch, not least here on Forbes -- and it's entirely ...
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Bernanke Too Soon to Taper Bond Buys
Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.In testimony to the Joint Economic Committee, Bernanke notes the economy is growing moderately this year and unemployment has fallen to a four-year low of 7.5 percent. Still, unemployment remains well above levels consistent ...
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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