Latest Breaking Business News
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Stocks surge on latest hopes for Fed
NEW YORK It's all about the Fed. Still. U.S. stocks moved higher Tuesday, helped by news of a pickup in home building and low inflation. But the Federal Reserve loomed large, with investors trying to guess what the central bank will say Wednesday about how long it plans to keep stimulus programs in place. For many, Tuesday was just a holding pattern as they waited for Wednesday's ...
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Time to make the doughnuts ad is over
NEW YORK Don't expect to see Dunkin' Donuts revive its famous "Time to make the doughnuts" ad campaign anytime soon. Paul Carbone, chief financial officer for Dunkin' Brands Group Inc. ...
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United adds spending threshold for frequent fliers
CHICAGO United Airlines is making it a little harder to get a higher frequent-flier status. The company's MileagePlus program used to require flying 25,000 miles per year to gain elite status. Now United is adding a requirement for at least $2,500 in spending, too, to qualify for the ...
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Facebook Friends Welcome at Bar Others Maybe Not
Facebook users in or around the Stockton, Calif., area may be getting a new friend. A local business owner has made it his mission to friend every bar patron as a precautionary measure to keep the good patrons in and the bad ones out. Finnegan’s Irish Pub and Grill ...
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$A opens weaker despite Wall St surge
The Australian dollar is weaker despite a firmer finish on Wall Street.At 0632 AEST on Wednesday, the local unit was trading at 94.81 US cents, down from 94.92 cents on Tuesday.US stocks closed firmer, as the US Federal Reserve kicked off its Federal Open Market Committee meeting that will decide whether to continue its stimulus measures.Investors in recent weeks have speculated the Fed will ...
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Google asks U.S. surveillance court permission to publish request data
Reuters © The Google logo is seen on the top of its China headquarters building behind a road surveillance camera in Beijing January 26, 2010. REUTERS/Jason ...
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Adobe Systems profit beats as Creative Cloud subscriptions grow
Reuters © Shantanu Narayen, president and chief executive officer of Adobe Systems Inc., speaks during the Reuters Global Technology, Media and Telecom Summit in New York May 21, 2008. REUTERS/Brendan ...
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Chrysler recall avoids showdown with government over Jeep models for fire risk
DETROIT -- Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant posture and avoiding a possible public relations nightmare over fuel tanks that can catch fire in a rear-end collision. In deciding on the recall, Chrysler avoided a showdown with government safety regulators that could have led to public hearings with witnesses giving details of deadly ...
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Turkeys economy is still strong but vulnerable
After a volatile 1990s and a huge bust in 2001, his Justice and Development government has presided over steady high growth and modest inflation. In 2010 and 2011 the economy grew by a China-like 9 percent, leading to serious fears of ...
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Foreclosures fall to nearly 7-year low
San Diego County foreclosures have plummeted to a nearly seven-low year -- in light of rising home values, the effects of government intervention and new protections for California consumers, said real estate tracker DataQuick on ...
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Amid Security Concerns Microsoft Drops Linked Outlook Accounts For Aliases
While Microsoft has long supported linked accounts for its Hotmail and Outlook email services, the Redmond-based software giant recently noted these can be tempting targets for hackers. In a surprising move, the company has opted to sever those links entirely. On Monday, Microsoft announced it would drop linked accounts for ...
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US STOCKS-Wall St extends rise investors see no change in Fed policy
Tue Jun 18, 2013 4:33pm EDT * Fed expected to try to soothe markets over stimulus * Industrial and tech shares rally, 3M at 52-week high * Boeing shares hit 5 1/2-year high * Indexes up: Dow 0.9 pct, S&P 0.8 pct, Nasdaq 0.9 pct By Ryan Vlastelica NEW YORK, June 18 (Reuters) - U.S. stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements ...
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Microsoft slashes Surface RT prices by 60 for schools
Computerworld - Microsoft today confirmed that it has heavily discounted the Surface RT tablet to universities and K-12 schools, cutting the price of the entry-level model by 60%. It was the third time within a month that Microsoft has launched a Surface RT promotion, hinting at an impending refresh of the tablet. On Monday, Ryan Lowdermilk, a Microsoft technical evangelist, published details ...
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Adobes Earnings Beat Stokes Shares
Adobe Systems reported quarterly earnings that beat Wall Street's expectations on Tuesday on revenue that came in on target. The software maker's shares rose nearly 4 percent after the bell, following the ...
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Summer of Discontent Coming Ferguson
Discussing the mass protests in Brazil and Indonesia and the silent vigils held in Turkey after protesters clashed with police, with CNBC's Michelle Caruso-Cabrera, and Niall Ferguson, Harvard ...
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Jack Lews New Less Crazy Signature
Am I the only one who finds it disappointing that Jack Lew has decided to sign U.S. dollars with a pretty normal signature?When Lew was nominated to succeed Tim Geithner as Secretary of Treasury, attention immediately turned to his crazy signature. It looked like a series of loops rather than anything resembling letters found in our alphabet. Putting this on our currency would have added a bit ...
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United Elite Status For a Higher Price
United Airlines . Think total dollars spent.United announced Tuesday that beginning in 2014, members of the airline's MileagePlus program will be required to achieve an annual spending requirement, in addition to miles or segments flown, to enjoy the perks of Premier elite ...
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Millionaires on the Rise
A report from Capgemini and RBC shows 12 million millionaires worldwide, whose fortunes grew 10 percent to a record $46 trillion, reports CNBC's Robert Frank. Janet Engles, RBC Wealth Management, weighs ...
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Talking Numbers Is Sony a Buy
Third Point's Dan Loeb has upped his stake in Sony. Is the stock now a buy? Richard Ross, Auerbach, says the stock makes a compelling buy, and Steve Cortes, Veracruz, thinks there are problems for ...
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EasyJet plane order rekindles Airbus-Boeing subsidy row
EasyJet announced the $10 billion order for 100 A320neo medium-haul jets, together with 35 current-generation A320 aircraft worth $3 billion at list prices, on Tuesday, day two of the Paris ...
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La-Z-Boy options active ahead of earnings
- La-Z-Boy, Inc. - Shares in furniture producer, La-Z-Boy, Inc., increased as much as 3.9% to $19.80 at the start of the session, the highest level since 2004, ahead of the company's fourth-quarter earnings report after the closing bell today. Options volume is up ahead of the report, with roughly 400 contracts in play this afternoon versus average daily volume of around 80 contracts. ...
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Even if approved Keystone seen failing to relieve Canada’s oil glut
Even if U.S. President Barack Obama approves the Keystone XL pipeline, Canadian crude oil probably will remain the cheapest in the world, hampering expansion of the country's largest export industry. Canadian oil prices are forecast to fall compared with world benchmarks because production from oil sands, fields of sand coated with heavy oil beneath about 90,000 square kilometers (34,749 ...
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Walmart Canada accepted clothing shipments from banned Bangladesh factory
Since the Rana Plaza building collapse killed more than 1,100 people in April, retailers have faced mounting pressure to improve safety at Bangladesh garment factories and to sever ties with manufacturers that don’t measure up. The world’s largest retailer, Walmart, last month released a list of more than 200 factories it said it had barred from producing its merchandise because of ...
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Cenovus to triple amount of crude moved by rail by end of next year
CALGARY -- Cenovus Energy Inc. is looking to triple the amount of crude it ships by rail between the end of this year and next. The Calgary-based oil company is expecting to finish 2014 by moving 30,000 barrels by rail -- up from the 10,000 it's anticipating by the end of ...
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Expecting a rise in market volatility There’s an ETF for that
Where the global economy may or may not go, what the Federal Reserve and other central banks may or may not do, whether "Abenomics" in Japan works - all fodder these days for those who expect volatility to come back to the financial markets. And it has come back. While nowhere close to the 70, 80 and higher levels seen at the height of the 2008 market meltdown or at the peak of the ...
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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