Latest Breaking Business News
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George Osborne to outline plan for RBS Lloyds
The fate of Britain's two state-controlled banks will become clearer today, with the country’s finance minister George Osborne likely to start the clock ticking for the sale of the government's stakes. Britain's previous government pumped £66bn of public money into Royal Bank of Scotland and Lloyds Banking Group in 2008 to save them from collapse at the height of the ...
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Metals Stocks Gold extends losses as Bernanke update nears
LOS ANGELES (MarketWatch) -- Gold futures fell Wednesday, remaining near one-month lows as the market braced for possible indication by the U.S. Federal Reserve that it will pull back the pace of monetary ...
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Federal Reserve meeting dominates the markets - eurozone crisis live
After weeks of anticipation, Federal Reserve chairman Ben Bernanke will speak about the US stimulus package tonight. Photograph: Manuel Balce ...
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First-rate customer care is key to making your business a success
Customers are the most important asset to your business and looking after them is essential to your success. All businesses, whatever their size, should have a carefully considered customer care plan and treat it as a core value. This means bearing your customers or clients in mind when making decisions and ensuring that they have positive experiences when dealing with your company.Offering ...
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Would the threat of jail be enough to end bankers reckless behaviour
Jail threat for reckless bankers to help clean up system Commission led by Andrew Tyrie recommends jailing bankers for 'reckless misconduct' and enforcing a wait for ...
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Deloitte banned from Wall Street consultancy work
The state of New York announced on Tuesday, that Deloitte, a Big 4 accounting firm, has been banned for a year from accepting Wall Street consultancy work - - in effect from hundreds of financial institutions in New York City and fined $10m for "misconduct, violations of law, and lack of autonomy during its consulting work at Standard Chartered on anti-money laundering ...
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Smithfield CEO could make about $46.6 million from Shuanghui deal
SFD.N ) Chief Executive Larry Pope could receive nearly $46.6 million in merger-related payments as part of a planned takeover by China's Shuanghui International, a securities filing ...
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Asian markets tense before Fed Nikkei outperforms
"It's merely a technical rebound," said Mitsushige Akino, chief fund manager at Ichiyoshi Asset Management. He said that with the market still vulnerable to selling, "most investors want to see the outcome before they take long ...
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Obama to call for U.S.-Russia nuclear arms cuts
Barack Obama 's foreign-policy speech in Berlin Wednesday will call for additional U.S.-Russia nuclear-arms cuts, administration officials said. He is expected to say Washington and Moscow can shrink their nuclear arsenals by up to one-third beyond cuts mandated under the 2010 New Start, or Strategic Arms Reduction Treaty, without hurting deterrence or capabilities, the officials told The ...
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UPDATE 1-Aegon cuts average earnings growth target for 2010-2015
Wed Jun 19, 2013 2:54am EDT (Releads with lower average growth target) AMSTERDAM, June 19 (Reuters) - Dutch life insurer Aegon on Wednesday lowered its average growth target for underlying earnings before tax, blaming the low interest rate environment. As recently as June 5, Aegon had stuck to its ambition of increasing underlying earnings before tax by between 7 and 10 percent on average over ...
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UPDATE 1-HM earnings down more than expected in second quarter
Wed Jun 19, 2013 2:47am EDT * March-May pretax 6.1 bln SEK vs consensus 6.3 bln * Gross margin 61.1 pct, matching consensus * Says June 1-17 local-currency sales +17 pct * Inventories higher than planned end-Q2 * Says situation challenging in many big markets (Adds detail, background) STOCKHOLM, June 19 (Reuters) - H&M, the world's second-largest fashion retailer, posted a bigger than ...
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Bankroller to roll film
Legendary Entertainment, the company that financed "Man of Steel" and the "Dark Knight" movies, is talking to "everybody" in Hollywood about a new production alliance, including incumbent Warner Bros. The company, led by founder and Chief Executive Officer Thomas Tull, expects to reach a decision in 60 days, the CEO said yesterday in a meeting with reporters. The ...
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Rupert Murdochs hived-off newspaper company makes ASX debut
News Corporation’s split into two companies resulted in a debut share price of $15 for its publishing division, which encompasses many of Australia’s newspapers, but it began falling almost immediately. The media corporation has divided into New News Corp (NNC) and 21st Century Fox, with the latter still trading as News Corporation (NWS). NNC was valued at $15.00 per share as it ...
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Bankers guilty of reckless misconduct should be jailed -- UK report
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
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US Treasury Secretary Upgrades Signature
US Treasury Secretary Jacob Lew has upgraded his famously squiggly signature. Mr Lew's new John Hancock - which will be stamped on all newly printed paper bills - was unveiled by the Treasury Department on Tuesday. It is a marked improvement from the loopy scribble made public a few months ago when he took the post in President Barack Obama's ...
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US intelligence director defends surveillance program says plot against Wall Street thwarted
WASHINGTON - The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence led by lawmakers sympathetic to the spying. The House Intelligence Committee hearing provided a venue for officials to defend the once-secret ...
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Fed seen keeping options open on pace of bond buying
Reuters © Federal Reserve Board Chairman Ben Bernanke testifies before the Joint Economic Committee in Washington in this May 22, 2013 file photo. REUTERS/Gary ...
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‘Candy’ is dandy IPO at hand-y
The UK-based makers of "Candy Crush Saga" are reportedly planning a sweet deal for investors.King, the online gaming company also known as Midasplayer, has hired bankers and is planning a US public offering, according to a report.The price and timing of the offering have not been determined.The London company has 70 million daily users and its "Candy Crush Saga" is the most ...
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Sotheby’s auctions off its headquarters
Going once, going twice, sold - and leased back. At least that’s the plan, we’ve learned, for Sotheby’s current Upper East Side world headquarters. We hear investment sales ...
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Dish exits Sprint for Clearwire
Charlie Ergen’s Dish Network said yesterday it would abandon its pursuit of wireless provider Sprint and instead focus on a tender offer for Clearwire. Dish said that it wouldn’t make last night’s deadline to submit a revised offer for Sprint, leaving Japan’s SoftBank as the lone contender to acquire the mobile carrier. That means can Sprint go ahead with a June 25 vote ...
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Stars light up Eden Roc terrace
Proving that Madison Avenue still has much to roar about, the hottest party of the Cannes Lions festival went off in style last night at the Hotel du Cap Eden Roc in Antibes. Stars of the advertising and media industry mingled at sunset on the hotel terrace before being treated to a performance by Michael Buble and the band Fun. The MediaLink and Clear Channel VIP dinner included co-host ...
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Police shoot kill man holding child hostage inside Wal-Mart store www.privateofficer.com
-- A man was shot and killed by a Midwest City police officer Monday afternoon after holding a toddler hostage for more than half an hour inside a grocery store, authorities said. No names were released Monday. About 3:10 p.m., a man walked into the dairy section of the Walmart Market, 7520 E Reno Ave., grabbed a 2-year-old girl and held her at knife point, Midwest City Assistant Police Chief ...
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Canadian economy may see turn of fortunes in second half of 2013
OTTAWA -- If there is going to be a significant and extended recovery in the global economy, it will need to continue forming in the second half of this year and solidify in ...
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Bankroller to roll film
Legendary Entertainment, the company that financed "Man of Steel" and the "Dark Knight" movies, is talking to "everybody" in Hollywood about a new production alliance, including incumbent Warner Bros. The company, led by founder and Chief Executive Officer Thomas Tull, expects to reach a decision in 60 days, the CEO said yesterday in a meeting with reporters. The ...
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Fresh Prince of W. 15th St.
BETWEEN THE BRICKS The last remaining unfettered development site in the Meatpacking District is going to morph from wood to wow. We’ve learned the Prince Lumber Co. at 61 Ninth Ave., on the southwest corner of West 15th St., will soon relocate to Clinton so its current valuable site can host a brand new 12-story glass office tower.Designed by Kohn Pederson Fox, the swirling glass ...
Portland Digest
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Portland animal shelters need every bit of help available
Animal abandonment remains a problem across the United States and Portland is no different, the Oregon Humane Society in Portland and Multnomah County Animal Services, routinely receive hundreds of animals each year, many of which are brought to them by the public or authorities who have found the animals wandering the streets.
In 2008, Portland became the buzz of the web when Portland news media reported that a pit-bull had boarded a city bus without anyone accompanying him and went for a ride. On the web, Portland became known as a pet-friendly city because the bus driven had allowed the dog to ride the bus. Read more
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