Global Business News for 11 Sep 2013
SEOUL, South Korea (AP) -- North and South Korea agreed Wednesday to restart operations at a jointly run factory park that Pyongyang shut down in April during a torrent of threats, the latest sign of... easing animosity between the rivals.
History is not on the side of people who make snide remarks about the United Kingdom as Marshal Philippe Petain, leader of French occupied Germany discovered in the 1940s, and as the Russian... Government might also discover if it checked current economic facts, and the surprise views of big Swiss investment bank.
California has finally fixed an 1872 law that led a court to throw out a rape conviction on the basis that the female victim wasn't married at the time of her rape. Earlier this year, California's... Second District Court of Appeals granted a retrial for a man, Julio Morales, who snuck into a woman's bed, pretended to be her boyfriend, and raped her. Because the woman wasn't married at the time, the court "reluctantly" held that it wasn't legally defined as rape. Here's an excerpt from the court's ruling, courtesy of LA Weekly: A man enters the dark bedroom of an unmarried woman after seeing her boyfriend leave late at night, and has sexual intercourse with the woman while pretending to be the boyfriend. Has the man committed rape? Because of historical anomalies in the law and the...
?How should we get started?? I?m asked that question all the time. It?s clear that by now, most marketers recognize the link between data-driven marketing and business value. But many remain stumped... about how to actually begin putting data-driven marketing to work. ?What should we do first?? ?Is there a right way? A wrong way? A best way?? Over the next few weeks, I?ll walk you through my five-step plan around big data marketing. I?ll break it down and show you how your company can really dig into the issue, make decisions and make data-driven marketing a reality. For today, let?s explore Step One: Get Smart, Get Strategic.
A recently ended strike that hit automakers in South Africa resulted in production revenue losses of 20 billion rand ($2 billion) over four weeks, the local industry said on Wednesday.
This picture, posted to Weibo, shows two cans of Chinese Red Bull. One is fake — can you tell which one? Here's another shot, showing the Red Bull after it was poured: If you can't tell the... difference, you may be in for a little bit of trouble when visiting China. The South China Morning Post reports that that police have detained 13 people across 10 provinces in China this week, part of an effort to clamp down on the fake Red Bull trade. Police have confiscated 3,820 boxes of cans and other materials worth a total of 25 million yuan ($4 million). The fake Red Bull is apparently a profitable business, earning 3.7 yuan (60 cents) profit on each fake can sold. However, it may have a downside for consumers — posts on Chinese Weibo reportedly show someone receiving hospital treatment after...
City investors and investment banks are at loggerheads over restrictions on company share sales, Sky News understands.
Hedge fund that allied with Carl Icahn on Dell is No. 2 shareholder in Murdoch's firm.
BANGKOK (AP) -- The price of oil dropped Wednesday after President Barack Obama said he asked U.S. lawmakers to postpone a vote authorizing the use of military force against Syria.
BEIJING (AP) -- A billionaire Chinese real estate developer who bought one of the biggest U.S. cinema chains last year has emerged as the country's new richest tycoon.
MSCI Asia ex-Japan stock index on track for 10th day of gains; safe-haven yen pressured, oil prices stay soft
Netflix is launching its video streaming service in the Netherlands Wednesday, making good on plans it announced three months ago. It also set a price: 7.99 euros ($10.63) per month. The first month... is free.
IT'S a lesson on what never, ever to do online. A Business Insider boss has been forced to resign after his expletive-laden Twitter account attracted plenty of unwanted attention.
Blythe Masters, the chief of JP Morgan's commodities unit, could leave the bank in a deal to exit JPM from the physical commodities business, a person close to her told the Wall Street Journal.... Masters, an economist, is widely credited with creating the credit default swap, and was the youngest woman to become a managing director at the bank at age 28. JP Morgan only got into the physical commodities business by chance, during the financial crisis. That's when it inherited Bear Stearns' commodities units and then bought RBS' for a song. The problem is that according to bank regulation dating bank to the 1960s, bank-holding companies like JPM are not supposed to hold these assets anyway. Now the Fed gets to decide whether JPM, and all the other major banks, will keep these businesses. JPM...
The chocolatier made pre-tax profits of £5.2million last year, compared to a loss of £2.2million the year before, as sales ticked up 1.8 per cent to £221.1million.
Royal Caribbean Cruises Ltd. said Wednesday that its board of directors had agreed to get rid of staggered terms, instead moving to annual elections for directors.
The process of selling off a majority stake Royal Mail will begin on Thursday morning, the BBC's Newsnight programme has learned.
The move is the latest initiative being used by retailers who have exhausted ways to operate the space themselves.
New borrowing facilities will be disclosed alongside details of the historic privatisation, Sky News learns.
Tina Brown, the ex-editor of Vanity Fair, the New Yorker and Talk magazines, is leaving The Daily Beast, the online news site she founded in 2008.
When it comes to the digital future of Kansas City, Google Fiber, the super-fast Internet service from Google, automatically comes to mind. But it is not the only revolutionary new Internet service... provider in town. The KC Freedom Network aims to one-up Google Fiber by bringing truly affordable Internet to the city, according to The Verge. But, wait, isn't one of the amazing things about Google Fiber that it offers a free Internet option? Well, "free" has some strings attached. Interested customers must pay a $300 construction fee for the service, which can be paid either all at once or in $25 installments for a year. So, enter the truly free KC Freedom Network. Six Kansas City organizations began building the nonprofit wireless Internet service because many poor residents could not...
'I could see it being 2018 before you actually see what we produce as a country going back to where it was ten years earlier,' says Darling (pictured).
The company reported a 73.7 per cent jump in full-year profits to £192.3million on the back of a 12.2 per cent surge in revenues to £2.6billion.
Conditions in the labour market are improving so fast that there is a growing belief that bank rate will not be sustained at that level until 2016.