Latest Breaking Business News
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SUV passengers more likely to survive crashes
Passengers in SUVs are now known to be more likely to survive a serious crash. A new study conducted by the University of Buffalo in the US has found the driver of the SUV is as much as 10 times more likely to survive in a head-on collision where a passenger car is involved. While automakers have taken steps to improve safety in normal passenger cars, such as changing bumper designs on ...
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Spain sees rise in surplus
Spain has reported a trade surplus, the first since 1971. With imports slumping due to austerity measures, the first monthly trade surplus for more than 40 years is being seen as a positive development. However, the country is still suffering from an economic downturn with unemployment in Spain now running at 26.7%. The surplus of 634.9 million euros in March reflects a 15% plunge in ...
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Letta says perks will be stopped
Italy's coalition government has promised to abolish some salaries and perks which are handed out to government ministers. A controversial property tax will also be abolished, or frozen, by the new government of Enrico Letta, who has also promised to do away with the double salary received by some parliamentarians. Before the election, it had been mooted by Letta's coalition partners that ...
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Famous artists bring big money at auction
Paintings by Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat smashed all previous auction records at Christie's in New York during the week. In fact, several works by popular artists brought extraordinary prices. The items made $495 million for their owners at the valuable sale of postwar and contemporary art at Christie's. However, a single Andy Warhol Painting of Marilyn ...
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Lower charges expected for Thai 3G users
3G operators in Thailand have all agreed to cut their tariffs. The Thai National Broadcasting and Telecommunications Commission has been pressuring providers to lower all their 2G and 3G tariffs by 15%. The three 3G mobile operators, Advanced Info Service, Total Access Communication and True Move have said they will launch new 3G tariff packages to reflect the request by government. It ...
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Microsoft to announce new Xbox
After eight years and over 77 million units sold, Microsoft looks set to announce the successor to the Xbox 360 video game console next ...
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Kuwait replaces oil officials at KPC after $2.2 billion Dow payment
KUWAIT (Reuters) - State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co ...
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Microsoft holds NGOs Connection Day in Accra
The event organised on the theme, "Technology for Social Good" was to help NGOs harness the power technology in the delivery of their social ...
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Microsoft poised to invest in promising ICT experts in Ghana
Accra, May 18, GNA - Microsoft is poised to invest in the young and promising Information Communication Technology (ICT) experts who are willing to transform Ghana through the power of ...
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Green Deal debt may have to be repaid before property sold
energy efficiency improvements in their home with no, or little, upfront cost; instead, these are funded by a loan repaid through their electricity bill.Crucially, the "golden rule" of Green Deal is that you should not pay back more in loan repayments than you are saving on your energy bill - but this can mean that, depending on the cost of the improvement, you could be making loan ...
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Winning ticket for $590.5 million Powerball jackpot sold in Florida
(Reuters) - One winning ticket for a record U.S. Powerball lottery jackpot worth $590.5 million was sold in Florida, organizers said late on ...
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Market to take cues from FIIs inflows corporate earnings
Fifteen touch-screen smartphones to consider below Rs 15,000 Within the huge list, we take a look at fifteen touch-screen smartphones that have been ...
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Weak yen helps drive Japan earnings but no cure-all
Japan's earnings season has drawn to a close with the sharply weaker yen helping inflate profits at some of the nation's top exporters, but, warn some commentators, the drop is not all good news. Sony booked its first annual profit in five years, Toyota more than tripled its earnings in the fiscal year to March and the head of rival automaker Nissan hailed the taming of the currency. ...
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Fed up with ben
"We don’t have to worry about a recession - we are in a depression," says James Rickards."If you take the classic definition of a sustained, long-term downturn with economic growth below trend, then we are in the midst of a depression," says the senior managing director of Tangent Capital and author of "Currency Wars."Rickards doesn’t see Fed Chairman ...
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France Must Take Deficit Cuts Seriously Bundesbank head
France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on ...
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These Cloud Stocks Can Fly Pros
cloud computing , which allows consumers and businesses to access data and applications anywhere, anytime. "You have to focus on cloud as a tech investor at this point," Ken Allen, technology portfolio manager at T. Rowe Price, told CNBC this week. "It cuts across the industry, across subsectors." Given cloud computing's potential, Wall Street analysts remain bullish on ...
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Google Faces Fresh Claims On Tax Avoidance
A former Google executive has accused the company of cheating the taxpayer out of hundreds of millions of pounds. Barney Jones claims the firm has been running an "immoral" tax avoidance scheme for the past decade. The 34-year-old, who worked at the company between 2002 and 2006, made his allegations to The Sunday Times. "The real victims are ordinary taxpayers in Britain ...
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Wall Street needs to pay its fair share
I read with interest the letter by Congressman McKinley bemoaning the jobless recovery saying that " what's happening on Wall Street is not translating to Main Street across America." So true. Since he asked "What can Congress do to help?" I'd like to make some commonsense suggestions to our representative that would help our local Main Street businesses, struggling ...
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Sharp CEO California is what I know
May 14, 2013-SAN DIEGO, CA Sarah Cleary, right, a Sharp Rees-Stealy licensed vocational nurse at the Sorrento Mesa clinic takes measurements of 11-month-old Lili Ayson, center, during a visit with her father, Jeremy Ayson, left, of Mira ...
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The Star Tribune 100 This year its a top-heavy list
The Star Tribune 100 is getting thinner at the bottom and heavier up top. The 10 firms at the top of our list of the state’s biggest public companies brought in 79 percent of the revenue generated by the whole index in 2012. Ten years ago, their share was 71 percent. Many factors have combined to thin the ranks of up-and-comers. Going public has become more difficult and costly, ...
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Star Tribune 100 Comings and goings
Deals The biggest additions to the Star Tribune 100 this year are not new companies but acquisitions by some of our biggest companies. The biggest deals last year include: ...
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Best Buy is selling the countrys first 60-watt equivalent LED light bulb for $10
Best Buy is waiting for you. The Richfield-based electronics retailer quietly introduced 40- and 60-watt equivalent LED bulbs late last year for $15 and $18, but a subsidy ...
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Rebalancing is a simple but effective way to manage your money
Q: Is there a preferred way to rebalance a portfolio? My bond funds need an infusion. It seems like it might be good to harvest some of those stock increases by moving money from equity funds to bond funds. Dawn A: Rebalancing a portfolio is a simple but effective money management technique. The essence of investing is uncertainty. For example, I'm an optimist on equities and the ...
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Higher sales hiring and spending signal robust business optimism
For the third consecutive year, most executives at Minnesota's biggest public companies say the next 12 months are going to be strong for sales, hiring and capital investment. Our 22nd annual Star Tribune 100 survey of Minnesota's largest publicly held companies found: o Eighty-six percent of the responding firms expect their 2013 sales to improve from last year's. Another 13.5 ...
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Getting the full picture on annuities and insurance
Life insurance and annuities are supposed to accomplish straightforward goals: life insurance provides for your family if you die unexpectedly and annuities guarantee a steady stream of income in retirement. But right now, both are being promoted for their tax benefits. Money put into these products grows on a tax-deferred basis just as it does in retirement accounts. In the case of annuities, ...
Cincinnati Close-up
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Cincinnati’s streetcar named bureaucracy
Cincinnati once had a streetcar system that carried 100 million people each year, but it was scrapped in favor of the bus in the mid-twentieth century. Today, just 25 million people use the bus network in Cincinnati, which has led to a proposal for a new streetcar line, but red-tape is blocking the tracks.
Cincinnati, throughout the first half of the twentieth century, had over 200 miles of streetcar tracks and the system carried over 100 million people per year. By the 1950’s the system was deemed unfeasible and was dismantled, with the last streetcar being retired in 1951. Several decades later, the faith that everyone had in the efficiency and convenience of busses has proven unfounded. Read more
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