7 Feb 2014 - Global
Mere months from its 100th anniversary, the Panama Canal is facing some serious drama. The eagerly awaited expansion it has been undertaking since 2009 has come to a halt because of disagreements... among contractor companies -- and it does not look like the issue will be resolved any time soon.
Thought the 111 million people tuning into the Super Bowl was a lot? Think again.
One of the quickest ways you can rise to the top in business is to establish a distinct and attractive personal brand.
Budweiser has reportedly dropped its traditional Olympics party spot because the company is uncomfortable with the situation in Sochi. A representative for Anheuser-Busch confirmed to TMZ that... Budweiser's Club Bud party spot will not be in Sochi. While the rep would not give a specific reason for the cancellation, TMZ reported "the company is not comfortable with the situation in Russia" and does not want U.S. brand reps there because "the terrorist threat is simply looming too large." A media contact for Anheuser-Busch was not immediately available for further comment. The company has brought Club Bud to several Olympics in the past. A new CNN/ORC poll revealed 57 percent of Americans think a terrorist attack at the Sochi Games is likely. Of the 1,000-plus people polled, 55 percent said...
Last month, we took a look back at the cast of "Mean Girls" to mark the film's 10-year anniversary this spring. For the occasion, Vulture has a great
If You're Fudging On Your Taxes, Beware Today's Harsh Climate on Tax Evasion and President Obama's Big Push in Tax Prosecutions.
Apple released a new thirty-second ad for the iPhone 5s today that "features footage from the Burberry fashion show combined with behind-the-scenes footage of the iPhones used to document the event,"... 9-to-5 Mac reports. A few months ago, Apple and Burberry partnered up to shoot an entire fashion show using 14 different iPhones. Here is the ad they created from all of the footage: Join the conversation about this story »
BILLIONAIRE investor Sam Zell says the richest people in society earn more money because they work harder than everybody else, and that poor people should take note.
Deep discounts are everywhere on Ralph Lauren fashions -- and on the company's stock, too. Shares of the New York-based apparel giant fell to a 52-week low Wednesday after execs...
Apple has removed popular Bitcoin wallet Blockchain from the App Store without any clear reason given, Wired reports. The removal of the Blockchain app, which allows users to send and receive... Bitcoin quickly and easily, means iOS users are left with no native Bitcoin wallet option, according to Coindesk. (Apple previously banned Coinbase and CoinJar). The closest Blockchain received to an explanation was an email from Apple saying it was removed "due to an unresolved issue," Wired reports. From Wired: Some believe that Apple may be dumping bitcoin wallets because of the emerging, somewhat confusing international regulations surrounding bitcoin. But like others, Blockchain’s Cary argues that his app was pulled because Apple sees bitcoin as a potential competitor. “I think that...
General Dynamics plans to close its Sunrise facility, eliminating 56 jobs.
The Kentucky House has passed a bill to raise the state's minimum wage for the first time since 2009.
Former SAC Capital portfolio manager Mathew Martoma was found guilty of insider trading after failing to settle with federal investigators, netting another victory for US attorney Preet Bharara,... putting billionaire Steve Cohen in the spotlight.
When Standard and Poor's downgraded the U.S. AAA rating, on August 5, 2011, the Dow dropped 2000 points and gold soared to $1,895 an ounce. Are we at the brink of another downgrade by Fitch Ratings?... In a press release issued on February 5, 2014, Fitch Ratings criticized the political showdown over the debt ceiling, writing, "Repeatedly casting uncertainty over the full faith and credit of the U.S. risks undermining confidence in the role of the U.S. dollar." While this is not the only consideration in the AAA credit rating, it could be the straw that broke the camel's back. Should the U.S. Remain AAA Rated? Below are some of the pluses and minuses that Fitch Ratings will be considering. Pluses: Global Reserve Currency. The U.S. dollar is still the most liquid currency in the world. 61.4...
After a weak holiday season and rough winter weather that kept shoppers away in January, retailers were dealt another dose of sobering news Thursday. The nation's biggest retail group issued a modest... growth forecast for sales in 2014, and warned of economic headwinds that could influence how shoppers spend their money this year.
Washington is failing the long-term unemployed. And it's mostly the GOP's fault.
Cruise lines are offering bargains following the recent onboard norovirus outbreak.
IN EVERY profession there are people who fail to practise what they preach: dentists with mouths full of rotten teeth, doctors who smoke 40 a day, accountants who forget to file their tax returns. But... it is a rare profession where failure to obey its own rules is practically a condition of entry. Business schools exist to teach the value of management. They impart some basic principles--like setting clear goals and managing risk. They also teach how dangerous the business world has become. The most fashionable phrase today is "disruptive innovation": professors solemnly warn people that entire industries face powerful new forces and that comfortable incumbents are at the mercy of swift-footed challengers. But when it comes to their own affairs, business schools flout their own rules and...
NEW YORK (AP) -- Advertising growth is helping lift New York Internet company AOL Inc., although costs associated with its former local news unit Patch weighed on fourth-quarter profit.
RICHMOND, Va. (AP) -- Philip Morris International says its fourth-quarter profit dropped 5 percent as cigarette sales fell in most of its markets and it was hurt by foreign exchange rates for the U.S.... dollar.
Attention: Announcing 2014, the third annual “year of mobile.” Yes, we have been hearing this line since 2012, but it seems that 2014 is poised to finally be the year that mobile becomes a... mainstream marketing solution. Consumer adoption of smartphones and tablets is now ubiquitous. Take for example my parents, considered part of the “Silent Generation” (precursor to the Baby Boom generation). Both retired prior to widespread adoption of computers and now lay claim to four Apple computers, one PC, two iPads, one mini-iPad, and two Android phones. The result of such broad acceptance of computing and communication devices can be directly attributed to the explosion in mobile.
CNN's Randi Kaye rides along with a DEA agent in a Philadelphia neighborhood where heroin is prevalent.
The Prime Minister has declared he wants to make Australia the "affordable energy capital" of the world and says the system of promoting renewable energy is pushing up power prices.
Pipes are bursting at The Mouse House -- and that's a good thing. Spurred by its surprise movie hit, "Frozen," an animated movie about two sibling princesses trying to reconnect...
By Lisa Baertlein and Phil Wahba
South Koreans will have the option to insure themselves against the school bully.
Twitter reveals user growth in the fourth quarter was its slowest yet and expects only a modest improvement in revenue this year.SAN FRANCISCO — Back when Twitter crashed frequently, users were... shown the "fail whale," a flock of Twitter birds lifting an apologetic marine mammal.
Your instantaneous and automatic answer should be an emphatic and uncompromising YES! That is, if you are at least a little bit smart about that hard-earned money in your wallet. Don't you find it... fascinating that in most other countries around the world, bargaining and negotiating for the best deal is normal, even expected? Unfortunately, here in the U.S. there seems to be some hesitancy -- a reluctance or even outright refusal to ask for a better price. Is this some sort of screwed up social conditioning Americans have adopted as a standard? Or is it simply because most Americans have not even considered that there might be a better way? What Works In Bangkok Will Work In Best Buy! Hello! Bargaining or asking for a better price really works, according to our granddaddy of all consumer...
"Trading Faces," an online series for the cosmetics retailer Ulta, features women from different regions swapping fashion and makeup tips.
John Packard of Long Beach and Michael Stewart of Phoenix are arrested after being indicted by a federal grand jury.FBI agents arrested the owners of a now-closed Southern California real estate... investment firm on an indictment accusing them of using the business to run a Ponzi scheme that cost victims more than $110 million.
Damage to power station in shooting last year prompts worries over terrorism.Shooters armed with assault rifles and some knowledge of electrical utilities have prompted new worries on the... vulnerability of California's vast power grid.
The company earned $3.8 million, or 3 cents a share, down 67 percent from $11.5 million, or 10 cents a share, a year earlier.
NEW YORK (AP) -- A lawsuit challenging the security plan for the World Trade Center was dismissed Thursday, as a judge rejected nearby residents' arguments that a system of barriers would burden their... neighborhood with fortress-like security.
A cellphone company turned over more than 50,000 text messages in a divorce case in which a protection order was in place, violating federal privacy law, a state supreme court justice concluded.
The changes require that the companies meet so-called good manufacturing practices, which include testing for contamination from pathogens.
A drought has hit supplies of the prized beans, particularly the high quality Arabica, with the result Britons could face higher prices for their daily pick-me-up.
Lawmakers must find about $150 billion to pay for the proposal, which would replace a widely criticized system that limited annual increases in physicians' reimbursements. WASHINGTON — In a rare... bipartisan agreement, congressional leaders have settled on a plan to fix Medicare's system for paying physicians, potentially ending years of uncertainty that often held up fees for doctors who care for the nation's senior citizens.
Ten former Racing Queensland officials have been referred to the Australian Securities and Investments Commission after an inquiry into the management of the industry.
American labor groups, airlines and pilots say Norwegian Air Shuttle's expansion plans take unfair advantage of a U.S.-Europe open-skies agreement.
Gov. Pat McCrory demanded Thursday that Duke Energy, his former employer, control a coal ash pond spill that has leaked contaminants into the Dan River for five days.
The move comes after state regulators complained that there could be holes in the coverage that Lyft and its competitors provide.SACRAMENTO — Ride-sharing company Lyft is improving its insurance... coverage for drivers and passengers after state regulators complained that there could be holes in the coverage that Lyft and its competitors provide.
The husband of former Arizona congresswoman Gabrielle Giffords, Mark Kelly, appeared before Oregon legislators on Thursday to speak in favor of expanded background checks for gun sales, as Republicans... contended the Democrat-proposed legislation is "political posturing" as Oregon's May primary nears.
Shares of professional networking service LinkedIn fall by as much as 15% after it posts a weaker-than-expected outlook.
AUSTRALIA'S economic growth is expected to pick up pace in the coming years, thanks to stronger activity in the non-mining sectors, the RBA says.
Spending an estimated $1 billion to sponsor and advertise during the Olympics in Sochi, Russia, marketers hope that multiple issues threatening to overshadow the Games won't repel consumers.
LOS ANGELES (AP) -- Californians were urged to voluntarily cut their electricity use Thursday in a rare mid-winter conservation alert, after frigid weather across the U.S. and Canada caused a shortage... of natural gas at Southern California power plants.
The congressman says a meeting with Tribune executives fails to ease his worries that the L.A. Times and other papers would be hobbled financially after the spinoff.WASHINGTON — Rep. Henry A.... Waxman, after a 30-minute meeting with Tribune Co. Chief Executive Peter Liguori, said he still was concerned about the company's plans to spin off the Los Angeles Times and seven other newspapers into a separate unit.
Here’s a grown-up way to settle a long-standing border dispute FOR more than a century, Peru’s collective psyche has been scarred by its defeat in the War of the Pacific of 1879-83 and Chile’s... subsequent stalling in implementing the terms of a peace treaty. So when Peru’s government asked the International Court of Justice (ICJ) in The Hague to redraw the maritime boundary between the two countries, many Peruvians saw a chance to heal wounded national pride. In its long-awaited ruling on January 27th the court duly awarded Peru control of some 50,000 sq km of ocean but confirmed Chile’s hold over inshore waters rich in fish. The decision was arbitrary but broadly fair--less than Peru had hoped for, but less bad than Chile had feared. It offers both countries a chance to move on...
THE latest statement from the RBA provides a bleak outlook for workers, with unemployment expected to rise this year.
Want to improve customer service in your business? Braintree and Rackspace are two companies that understand how it should be done.
There's less congressional appetite for brinkmanship this time, but the government has only a few weeks' worth of cash left.
Norwegian Cruise Line brought its latest ship to Miami Thursday, with plans to christen the South Florida-themed vessel Friday.
Forget about the NSA and the phone networks. There's another secret network you should know about. I call it "special excess," though it's known in the telecom industry as "special access." You won't... hear about these secret wires. For example, when AT&T and Verizon tell us they are losing lines, the special access wires are not part of the accounting, even though they represent the majority of access lines in America. Or when you hear that local service is losing money, the secret is that much of the revenues from these "special" networks are not being added to that calculation and are hidden from sight. Some analysts estimate that they are overcharging the competitors and businesses that use these networks by more than $12 billion annually. Or worse, this network has obscene profit...
Following a 28% rise to all-time highs in 2013, the S&P 500 has fallen 4% in 2014. Naturally, everyone wants to know what is driving the sell-off. Ian Lyngen, a senior government bond strategist at... CRT Capital, relays the results of a survey of clients conducted this week that sought to answer this question. Respondents were pretty split in their views. "Our special questions asked if the recent risk sell-off vs. Treasury rally was a short-term profit-taking event or more thematic," says Lyngen. "40% said profit-taking with the balance, 60%, saying thematic." The chart shows what themes respondents perceive to be at work in the marketplace. "When asked what themes were at hand, we got the most votes for weakness in global markets — EM and China specifically cited — with 36% of the...
MONTPELIER, Vt. (AP) -- More than 200 Vermonters gathered at the Statehouse on Thursday to tell two Vermont Senate committees they want food containing genetically modified products to be labeled as... such.
WHAT a dreamboat. First he fires someone on a conference call now the AOL boss has blamed the company's losses on "distressed babies" of two employees.
Need a little help this Valentine's Day? Don't worry; PayPal has your back. The site is offering a free poem service just in time for the holiday, no creativity required on your part. You can chat... with a poet to give him or her a little information about yourself — poets are available to chat from 8 a.m. until 8 p.m. PT. Or if it's after hours (or you just don't feel like chatting), you can fill out a form with your name, email address, and a few tidbits about you and your loved one, to give the poet a frame of reference. When you're done, you can tip your poet, using a credit card or, of course, your PayPal account. All the tips go directly to one of the 12 poets who helped you out. And that's it! Your poem should arrive 24 to 48 hours later. If you're in the Bay Area, the poets will...
Several countries signed a pact to start replacing diesel generators, the most common means of producing electricity on islands, with other sources.
THEY sit on the other side of the world and you've probably never heard of then, but a tiny group are controlling your financial future. And things could be about to get messy.
Unless you are on the DMV website, you could face a significantly higher total from firms licensed by the DMV to provide the same online services but with fees attached.Chester Specht recently went... online to renew his car registration. He Googled "DMV renewal" and clicked on the top listing.
More than 200 Vermonters gathered at the Statehouse on Thursday to tell two Vermont Senate committees they want food containing genetically modified products to be labeled as such.
Snowpack levels are about 15% of the season average. To draw skiers and snowboarders to the slopes, some resorts are offering two-for-one ticket deals and $1 beers.While the East Coast braces for... another series of frigid storms, California ski resort operators are cursing Mother Nature for a winter of unseasonably warm temperatures and persistent blue skies.
When the Olympic skier Steve Mahre remarried, he decided to build his own home on a bluff in Washington state; he bought a Caterpillar, drafted his family to help and poured the savings into deluxe... materials
The RBA is satisfied that inflation in on track and will be consistent over the coming few years.
A steep rise in the Reserve Bank's inflation forecasts to above its target range is the clear reason its board shifted decisively away from further rate cuts at Tuesday's meeting. The change in the... RBA's expectations come in response to a surprise lift in the official December quarter inflation numbers released a fortnight ago. The RBA cites the fall in the Australian dollar as one factor driving consumer prices higher at an uncomfortably fast pace.
THE Reserve Bank has warned inflation could breach its target band by mid-year, reducing the likelihood of further interest rate cuts.
Sony's restructuring move involving Vaio computers surprises some analysts. The firm plans to accelerate its shift to high-end TV models.Sony Corp., a struggling electronics maker trying to regain its... once stalwart status, is undertaking a major restructuring that includes the sale of its PC division, a spinoff of its TV business and layoffs of thousands of employees.
US President Barack Obama said Thursday that Vladimir Putin's bored, tough guy act was just a 'shtick' designed to boost his domestic political image. Obama and his Russian counterpart have become... known for stilted photo ops during bilateral meetings at various global summits, in which they stare straight ahead and share little warmth or sympathetic body language. But Obama said in excerpts of an interview with NBC, timed to coincide with the start of the Sochi Olympics, that appearances can be deceptive. He denied his relationship with his Russian president was "icy." "The truth of the matter is that when we are in meetings there are a lot of exchanges, there's a surprising amount of humor, and a lot of give and take," Obama said in the excerpts due to air later Thursday. "He's always...
GLENVIEW, Ill. (AP) -- Illinois Tool Works is selling its packaging division to The Carlyle Group for $3.2 billion and plans to use the money to buy back shares.
Just two days after it was launched, a bully proves the need for such campaigns
A complete ban on children in tanning beds won initial approval Thursday in the Colorado Legislature, where a House committee voted 6-5 to support a bill that would bar anyone under 18 from using the... devices.
Even before the start of the 2014 Winter Olympics, records were falling in Sochi. The Games will be the most expensive in history, projected to come in at a whopping 50 billion dollars -- 4 times more... than Russian President Vladimir Putin's original proposed price. To put the astronomical spending into perspective, the Russian Olympics could cost more than all the previous winter Olympics -- combined. Watch Vice news reporter Simon Ostrovsky go into Sochi to explore why these games are so outrageously expensive. "In Russia, corruption isn't really a side effect of big spending projects, it's the reason," Ostrovsky said. "So the Olympics are actually just a side effect of the corruption." Between the new infrastructures, venues, roads, the most expensive ski jump in the world, the biggest...
Vice President Joe Biden isn't happy with the state of American infrastructure. While giving a speech on the topic in Philadelphia, Biden said that New York's LaGuardia Airport is like a "third world... country" compared to more-modern airports such as Hong Kong International. "If I blindfolded someone and took him at two o'clock in the morning into the airport in Hong Kong and said, 'where do you think you are?'" the person would say "'This must be America, it's a modern airport.'" With that same scenario presented but at LaGuardia, Biden said the person would think "'I must be in some third-world country.'" Much of the focus of Biden's speech was on Amtrak, but his comments on LaGuardia came as he also stressed the importance of upgrading the nation's ports and airports, AP reports. NBC New...
Hundreds of new products were on display this week at the annual International Builders' Show in Las Vegas
A former legislator who reported Oregon's troubled health exchange to the FBI in 2012 says he has no proof of the allegations that federal officials were intentionally misled about progress in setting... up the exchange.
Australia's economic growth is expected to pick up pace this year thanks to a lower exchange rate.
The maker of Rice Krispies and Corn Flakes is losing customers to foods deemed healthier, more convenient
Partners are likely to lose a significant portion of their capital
Tokyo stocks opened 1.64 per cent higher buoyed by gains on Wall Street and the dollar's rise.
The US Export-Import Bank says it will start offering credit for trade with Myanmar.
Eduardo Vivas is on a roll. On Thursday, LinkedIn announced that it was acquiring his startup, Bright.com, for $120 million. That would make Bright LinkedIn's biggest-ever acquisition, edging out... Slideshare, which LinkedIn bought for $119 million in 2012. For Vivas, it's a two-in-a-row home run, according to his bio on Bright.com. His previous startup, Social Hour, was bought in 2012 for $51.5 million by mobile game network PlayPhone, VentureBeat's Dean Takahashi reported at the time. Vivas had left Social Hour before the acquisition, in 2011, to start Bright.com with another serial founder, Steve Goodman. (Goodman founded PacketTrap, acquired by Quest Software; Lasso Logic acquired by SonicWALL – both now part of Dell; and Learning Productions acquired by SkillSoft.) We've reached out...
Interior designer Jaime Beriestain skillfully uses lighting to set a mood in a space; his work has attracted clients as diverse as hotels and a rock star to his Barcelona-based office.
WANT to pick a suburb where you have the best chance of making a profit?
Every four years, the Winter Olympics come around to give athletes all over the world a chance at sporting glory. Throughout the years, audiences have seen not only incredible athletic feats, but more... than a few mishaps, scandals, and tragedies. From the inspiring story of the 1988 Jamaican bobsled team (which inspired the film, "Cool Runnings) to the U.S.' "Forgotten Miracle" hockey win over Canada in the 1960 games, there's been no shortage of drama. With the 2014 Sochi Winter Olympics set to take off in the coming weeks, we take a look back at the iconic Olympic moments that have come before it. The first Winter Olympics were held in Chamonix, France in 1924. This is the U.S. team during the opening ceremonies. Eleven-year-old Sonja Henie stands with world champion figure skater...
Charles Schwab Corp. said Thursday it is planning to move about 1,000 jobs out of San Francisco over the next three to five years.
Rupert Murdoch's News Corp reports a 4 per cent slide in second-quarter revenue as newspaper advertising declines.
Rupert Murdoch's News Corp posts better-than-expected profits, even as advertising revenues continue to fall at its newspaper businesses.
The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed... homes and therefore show what's really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here's the scoop on where prices and rents are headed. Asking Prices Up 1.1% Month-over-Month in January In January, asking home prices rose 1.1% month-over-month, the largest monthly gain since June 2013. But the quarter-over-quarter price increase of 2.1% remains below spring 2013 levels, when asking prices accelerated at their fastest rate in the recovery. Year-over-year,...
Google debuted its latest "doodle" on Thursday evening, just one day before the Sochi Olympics opening ceremonies, and the company seems to be taking a stand against Russia's anti-gay "propaganda"... law. Featuring silhouettes of athletes above the letters, the coloring is the same pattern as the rainbow gay-pride flag. Clicking the image takes you to the search result of "Olympic Charter." The main point the company wants to make, it seems, is being against discrimination. Below the search box, Google has this text taken from the Olympic Charter: "The practice of sport is a human right. Every individual must have the possibility of practicing sport, without discrimination of any kind and in the Olympic spirit, which requires mutual understanding with a spirit of friendship, solidarity and...
Packaging firm Amcor has been unsuccessful in its attempt to acquire some assets of Constar Holdings.
Ventriloquist Terry Fator used his earnings after his 'America's Got Talent' success to buy a 7,500-square-foot, Mediterranean-style home for $1.5 million; the property gives a sense of privacy and... the feel of a Hawaiian retreat.
It is unclear what will happen to new positions in Tasmania's Environment Department if the forest peace deal is scrapped after next month's election. 42 Forestry Tasmania staff are now working for... Parks and Wildlife as part of a major restructure of the loss-making state-owned business. The department says forest peace deal funding is paying for the new field staff.
SHARES in Aurora Oil and Gas rose by more than 56cp after it received a $1.84bn takeover offer from Canada's Baytex Energy.
AURORA Oil and Gas has received a $1.84 billion cash takeover offer from Canada's Baytex Energy.
News Corp's fiscal second-quarter earnings rise 9% even as revenue slips 4% on weaker income from advertising and subscriptions.
Ford's decision to bring forward the axing of 300 jobs could signal the end of the car components industry.
A former manager at SAC Capital, a major US hedge fund founded by billionaire Steven Cohen, is found guilty of insider trading.
SHE probably didn't sign up for personal insults along with her bank account, but that's what this customer got when she received a shocking letter in the post.
DO YOU work with someone annoying you wish was in another building? Don't get fired up, use one of these six ways to deal with an exasperating co-worker.
Minnesota is probably the last place you would think of surfing, but a group of diehard surfers is making it happen on Lake Superior in the freezing winter, when the waves are biggest. Photographer... and Minnesota-native John Haynes captured the chilly scene last year and shared some photos here. Most surfers go out to Lake Superior to surf, two and half hours from Minneapolis. Picking which day to go is the trickiest part. In order for there to be good waves, there needs to be a very specific type of wind blowing, which usually happens around strong weather systems like snowstorms. The weather can be so unpredictable that surfers will see an ideal wind forecast the night before a trip and then wake up in the morning to find out that the wind changed and everything is calm. See the rest of...
Don't have the right software? Write your own!
Bonds have done their defensive job as stocks have tumbled. This turnabout from 2013 is a stark reminder that your investment portfolio should never become overly dependent on the new, new thing.
Lions Gate Entertainment Corp.'s holiday quarter results topped Wall Street forecasts, helped by the strong box office haul from "The Hunger Games: Catching Fire."
These highly groomed, highly expensive Long Island villages are experiencing a sales boom that is transforming many areas--even those north of the highway.
How New York's billboard artists are staging a comeback
Hand-painted outdoor advertising is slowly appearing once again in the New York City landscape, as this labour-intensive craft skill has a renaissance.
-- "Deep in my heart, I hungered for a mahogany man-killer who would avenge me on the slopes and forever banish my Winter Olympics-induced shame." -- "Law & Order, in contrast with CSI, tends to give... a pretty realistic portrayal of our technological capabilities."
A study of late-night smartphone use suggests that employees are less productive and focused the following day
Trulia's Chief Economist Jed Kolko releases a special edition of Trulia’s Price and Rent Monitors which looks at affordability in housing markets with local tech industries. Prices today are 82%... higher in tech hubs than in other large metros, but most of this gap existed before the modern Internet era. Furthermore, housing markets differ radically among tech hubs: the most affordable, Raleigh, costs one-fifth as much as San Francisco and has ten times as much new housing construction.
Quarterback Russell Wilson said to his team: 'Why not us?' Leaders need to do the same
PARIS -- Sanofi, the French drug maker, said its earnings soared in the fourth quarter as lower restructuring costs offset a hefty charge related to one of its key multiple sclerosis treatments....
BOSTON (AP) -- The Massachusetts Senate has approved a bill that would make changes in the state's unemployment insurance system that supporters say will lower costs for businesses.
QANTASLINK will bid for the Moree-Sydney route left vacant by the collapse of Brindabella Airlines.
Australian stocks have opened higher following strong gains on international markets overnight.
Economists expect the report for January to bounce back to recent norms after a big dip in December, but several factors complicate forecasting.
President Obama on Thursday rebutted the general perception that he has an "icy" relationship with Russian President Vladimir Putin. "He does have a public style where he likes to sit back and look a... little bored during the course of joint interviews. I think that's where some of these perceptions come up," Obama told NBC News in an interview airing Friday. "My sense is that's part of his shtick back home politically as wanting to look like the tough guy. U.S. politicians have a different style. We tend to smile once in a while."
LITTLE ROCK, Ark. (AP) -- Arkansas' plan for expanding Medicaid by buying private insurance policies for the poor instead of adding them to the rolls was heralded as a model for convincing more... Republican-leaning states to adopt a key part of President Barack Obama's health care overhaul. But now, as Republican lawmakers face election season and step up attacks on what they deride as Obamacare, the state that pioneered the private option is on the brink of abandoning it. The plan has lost two supporters in the Senate, leaving backers worried that they won't have enough votes to keep it alive after the Legislature convenes Monday. Rejecting the program could jeopardize the state's budget and reverberate through other states considering similar options for expanding Medicaid as the federal...
The media company's poor showing stems from costly films that underperformed and declining ratings for 'American Idol' and 'The X Factor.' Media company 21st Century Fox's fiscal second-quarter profit... dropped 12%, largely because big-ticket feature films landed with a thud at the box office and singing competitions on the Fox TV network have been hitting sour notes.
Local stocks are extending yesterday's rally, as global mood brightens after Wall Street posted its biggest jump of the year and less downbeat ECB rhetoric.
Local stocks are extending yesterday's rally, as global mood brightens after Wall Street posted its biggest jump of the year and less downbeat ECB rhetoric.
News Corp shares opened 5.5 per cent higher after it reported a 9 per cent rise in EBITDA to $US327 million for the second quarter.
MONEY can buy many things: luxury, influence, security--and even time. How frustrating, then, to be vastly rich but never quite to get what you want. Such is the dilemma faced by the world's richest... family, the Al Sauds of Saudi Arabia. Their kingdom has sold the rest of the world around $1 trillion-worth of oil in the past three years alone, accumulating a hoard of sovereign assets nearly as big as its GDP of $745 billion. Immense new investments in infrastructure, industry, health care and education are spreading that wealth by the shovelful. A new underground-railway system for the capital, Riyadh, is to be dug, not one line at a time but all at once, with six full lines due to open by 2018. And this is just one rail project among many. The kingdom is to spend around $30 billion on mass...
Baptist Health South Florida and Bethesda Health in Palm Beach County have agreed to explore potential affiliations.
ABC News' Rebecca Jarvis and Eric Noll report: Todd Gibbons may look like an ordinary shopper but he's not. He walks the aisles of stores, snapping photographs of shampoo bottles, laundry detergent... and hair dye -- and he gets paid to do so. Gibbons is...
Australian-owned New Zealand supermarket chain Countdown is experiencing a backlash from customers.
Senate Minority Leader Mitch McConnell's (R-KY) job approval rating is almost the same as President Barack Obama's in Kentucky, a new poll found. The Herald-Leader/WKYT Bluegross poll released... Thursday evening found 32 percent of those surveyed said they approve of McConnell's job performance while 60 percent said they disapproved of the job the top Senate Republican has done. That rating is almost the same as Obama's approval rating in the state, which is 34 percent and his disapproval is about 60 percent.
Advertisers are tapping into national pride to plan their Olympic marketing messages
The New Mexico Supreme Thursday upheld a tribal cultural designation that protects hundreds of thousands of acres on Mount Taylor.
Representatives from 10 firms set to visit Iraq, Jordan and Turkey in bid to open trade doors
SAN FRANCISCO (AP) -- LinkedIn finished last year with a strong showing, but the online professional networking service rattled already jittery investors by indicating its performance will weaken this... year as management ramps up spending while revenue growth slows.
The Massachusetts Senate has approved a bill that would make changes in the state's unemployment insurance system that supporters say will lower costs for businesses.
World Cup organizers say there is a need to increase the number of workers at the delayed stadium in danger of being dropped from soccer's showcase event in June.
So, once again, AOL CEO Tim Armstrong is having a rough day because of something he said on a conference call with thousands of employees. In August, Armstrong got in hot water for firing an employee... during a conference call. Today, in another conference call with lots of employees, it sounded like Armstrong was cutting a benefit and blaming it all on Obamacare and two little babies. But that's not what he meant to say, according to sources close to senior management. Here's the story as those sources see it. Last October, AOL human resources toured the company giving a presentation on how benefits would change in the new year. About 75% of AOL employees attended these sessions. During the sessions, which included online videos and town halls, HR told employees that AOL was changing the...
Magazine industry auditors say that total average U.S. circulation for 386 magazines fell 1.7 percent in the final six months of the year to 284.9 million.
SO MUCH for smashing the glass ceiling. GM's first woman CEO is being paid less than her male predecessor is as a consultant to the company.
DETROIT (AP) -- A group of scientists at Michigan State University huddled around a computer screen earlier this week -- not poring over scientific data but watching a webcast of the U.S. Senate.... Among them was Rufus Isaacs, an entomologist who leads a team of U.S. and Canadian scientists working to enhance bee pollination of crops. Isaacs was anxious to see if the Senate would approve the long-delayed farm bill, and with it continue the $8.6 million federal grant critical to his pollen project's survival. The Senate passed the legislation and Congress sent it to President Barack Obama, who is expected to sign the bill Friday on Isaacs' campus in East Lansing. "It was a great relief and celebration in my lab," Isaacs said of the rare moment when pollen took a backseat to politics. "It's...
Gaming the H-1B: A shady network of interconnected tech staffing companies in Virginia is preying on foreign graduates desperate for American work visas. Just days after Vishrut Kanoria graduated from... a top American university on the East Coast this year, he thought he hit the job jackpot. The 22-year-old economics major, who had moved to the U.S. from India in 2009 on a student visa, knew he had to find a job at a company that would sponsor him for a work visa--or he'd be forced to move back to Bangalore. He found Concepts Information Technology Inc., a tech staffing company that provides IT industry professionals to larger businesses, through his school's on-campus recruitment program. While many of his friends struggled to find employment, Kanoria packed up his stuff and drove four...
Charles Shrem is a charismatic salesman who thinks Bitcoin can transform the future, but his digital vision collided with the real world, and now his own future is in jeopardy.
(Reuters) - News Corp, publisher of the Wall Street Journal, reported a 4 percent decline in quarterly revenue on weaker advertising at its newspapers, but cost cuts helped push profit well ahead of... analysts forecasts.
Republicans in the House of Representatives are in disarray over what to do about paying the nations bills, with the deadline looming and the party divided on whether to demand concessions from... the White House in return for raising the borrowing authority needed to fund the government.
FORT MCMURRAY, Alta. - The federal government is investigating an allegation that several dozen Canadians working in Alberta's oilpatch were laid off this week and replaced with foreign workers. A... spokeswoman with Employment Minister Jason Kenney's office said Thursday that he has asked for an urgent review. The Alberta Federation of Labour said that 65 of its ironworkers were laid off on Tuesday. The workers' paystubs say they were being paid by a company called Pacer Promec Joint Venture. Federation president Gil McGowan said the employees were immediately dismissed from their jobs at Imperial Oil's (TSX:IMO) Kearl oilsands mine. "They called the guys into an office, told them that they were gone, and they literally walked past the replacements on the way out," McGowan said. He alleged...
ARLINGTON HEIGHTS, Ill. (AP) -- Magazine industry auditors say that total average U.S. circulation for 386 magazines fell 1.7 percent in the final six months of the year to 284.9 million.
NEW YORK (AP) -- NBC comes close to gold in delivering the Winter Olympics online from Sochi, Russia.
A federal judge on Thursday restricted the release of documents obtained by the prosecution and defense in the corruption trial of former Virginia Gov. Bob McDonnell (R) and his wife Maureen... McDonnell, the Richmond Times-Dispatch reported. The McDonnells were charged in January for illegally accepting gifts from a political donor.
The Daily Mirror in the United Kingdom has taken note of David Beckham’s love for Miami.
Shares of Eleven Biotherapeutics Inc. advanced 8.5 percent in their opening day of trading on the Nasdaq stock exchange Thursday after the Cambridge-based developer of protein drugs to treat eye... diseases raised $50 million in an initial public offering.
WOODSIDE Petroleum has signed a non-binding $US2.5 billion-plus deal to enter the big Leviathan gas field in offshore Israel.
Vermont lawmakers balked Thursday at a demand from the office of the U.S. trade representative to conduct secret talks over the impacts of a proposed international trade agreement.
By Douwe Miedema WASHINGTON, Feb 6
If you live in New York City, it might not be long until you come across an interesting and kinda creepy sign of the times. According to a new report from VentureBeat, the New York Police Department... is currently testing out the "Explorer" edition of Google's Glass headset. The company claims that it is not directly cooperating with the tests and that the headsets were acquired through the same "Explorer" process that everyone else has to go through. While this isn't the first case of Google Glass being tested for public service — one of Google's examples of the kind of people testing its headset is a firefighter in North Carolina, and a police force in Georgia already ran a trial with it last year — neither of the previous cases have the tech-savvy reputation of the NYPD. This is...
US oil prices have risen modestly bolstered by an upbeat jobs report and stronger demand for heating oil.
Australian bond futures prices are weaker ahead of the central bank's monetary policy statement.
The IRS offer in compromise program has been around for decades. In theory, the program serves the best interests of all concerned,
Petroleum industry lobby group attacks think tank's credibility, accusing it of working with a 'foregone conclusion in mind'
He started out in a garage and created a gadget now used by millions worldwide: Tim Leatherman is the Steve Jobs of the tool world.
This sounds like an April Fool's joke but isn't. The military's tech research organization, DARPA, wants to invent a network of computers, sensors and other devices that will vanish on command. By... vanish, they mean press a button and the thing goes "poof," with every component turning itself into dust, preferably biodegradable dust. Alternatively the network should be able to self destruct after so many hours or at a specific time. DARPA just awarded a $3.5 million contract to IBM to try and invent it. DARPA calls the technology "Vanishing Programmable Resources" or "VAPR," which means those in the tech industry can't help calling it "VAPR ware," like ZDNet's Liam Tung, who first spotted this story. Vaporware is a term techies use to describe a product a tech company has announced but not...
If you want the best English pale ale, go to England. If you want a perfect glass of sake, go to Japan. And if you want a mouthwatering pint of any other kind of beer, your best bet might be the... Midwest. In the last few days, RateBeer.com has released awards for the world's best beers, brewers, retailers and new releases, compiled from 2013 reviews of more than 240,000 beers from over 16,000 brewers worldwide. What might surprise some is how well beers from Michigan, Wisconsin and other Midwest locales fared. Of RateBeer's awards for the best beer in the world in each of 21 styles, Midwestern brews won quite a few, including best IPA, stout, amber ale, sour and top beer in the country. Many of the winning brewers -- like Bell's Brewery, Rogue Ales or Hair of the Dog Brewing Company --...
AiG's performance of construction index fell in January, but remained above its 12-month average.
Reputation is everything. That's especially true in America, a country where tourists spend $166 billion annually, lured by the image of the American lifestyle, according to The Atlantic. But what... is the image we have of our own biggest cities? Real estate listing site Movoto wanted to find out. They enlisted the help of marketing agency Fractl to conduct an online survey that got more than 13,000 responses from across the nation. The survey presented people online with one of the 16 biggest cities in America, based on population density, and asked a range of questions about their perceptions of that city — from how clean they thought the city was to how easy they thought it would be to "get laid" there. Respondents ranked cities on a scale of 1 to 4, and the cities with the...
Treasury moves against companies, individuals aiding Iran.
“It’s so unnecessary. That’s the part that upsets me,” Roy Heenan, 78, said during an interview at his downtown Montreal home
The iconic comedian speaks with HBR's Adi Ignatius about work, life, and, yes, comedy.
Australian listed Aurora Oil and Gas is the subject of a $1.8 billion takeover offer from Canadian oil company Baytex Energy
It would be easier to sympathize with rich tech entrepreneurs who don't want to be criticized simply because they are successful if they weren't also actively trying to make their workers poorer. I'm... referring, of course, to Tom Perkins, the founder of venture capital fund Kleiner Perkins Caufield & Byers, who said recently that progressives are waging a "war on the American 1 percent" that had parallels to "fascist Nazi Germany." Perkins' company famously backed both Google and Intuit. Both those companies have been sued by the Department of Justice in a class-action lawsuit that alleges they conspired to suppress the salaries of their staff by agreeing not to recruit from each other's companies — thus reducing price competition. (Perkins himself isn't accused of having any link to the...
Twitter's apparent sputtering growth trigged a rash of analyst downgrades on Twitter shares and an exodus of investors Thursday.
NEW YORK (AP) -- The stock market had its best day this year, nearly erasing the steep losses from early this week.
Advanced Capital Securities, a Latin American investment bank based in Miami, said it has acquired Latmark Asset Management, a Miami-based boutique investment firm.
NEW YORK (AP) -- The Associated Press named broadcast executive David Gwizdowski as its senior vice president responsible for revenue in the Americas and promoted Karen Kaiser to senior vice... president, general counsel and corporate secretary.
Horse-drawn carriage rides may evoke a bygone era, but they could soon be history on the streets of Chicago. Powerful long-time Chicago Alderman Ed Burke (14th) introduced a proposal Wednesday that... would stop the city from renewing licenses for horse-drawn carriages, which would effectively end the practice on the city's streets. "They're a nuisance, they're a traffic hazard, it's cruel to the animals, and we should be able to beat New York City to the punch," Burke said, according to the Tribune. The debate over horse-drawn carriages reached new heights in recent months after then-New York City mayoral candidate Bill de Blasio vowed to banish the practice "within the first week on the job." De Blasio's ban, which stalled in NYC Tuesday, was cheered by animal welfare activists but jeered...
Social Insider is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today.... TWITTER'S FOURTH QUARTER: Twitter posted strong financials for the fourth quarter of 2013, but analysts are concerned about slow user growth and declining engagement on the social network. Ad revenue in the fourth quarter reached $220 million, up 44% from the previous quarter. Twitter averaged 241 million monthly active users in the fourth quarter, which is an increase of just 4% from the previous quarter and 30% over the fourth quarter of 2012. The total number of times users viewed their timeline (Twitter's news feed and core product) declined from the previous quarter for the first time...
New commercial satellite imagery hints that North Korea is almost done building a tower capable of launching long-range missiles — probably, further than the ones they've already launched into... space, reports 38 North, the blog of U.S.-Korea Institute at SAIS. The tower, located at the Sohae Satellite Launching Station in the North Pyongan Province, now has an eleventh level which gives North Korean the ability to fire a 164-foot missile — if desired. Back in 2012, North Korea raised eyebrows after the launch of a Unha-3 space launch vehicle (SLV).Claiming the launch was necessary to put an earth-monitoring satellite into orbit and therefore, justified the launch as peaceful, and purely scientific. Soon after, the United Nations imposed new sanctions on Pyongyang, in efforts...
The number of new claims for unemployment benefits fell more than expected last week, but the trade deficit widened by 12 percent in December.
DETROIT (AP) -- A group of scientists at Michigan State University huddled around a computer screen earlier this week -- not poring over scientific data but watching a webcast of the U.S. Senate....
Jeremy Grantham, whose GMO LLC investment firm manages $117 billion in assets, says the Great American Shale Boom is a dangerous waste of time and money. Grantham, who started his career as an... economist at Shell, recently contemplated attending an anti-Keystone Pipeline demonstration in front of the White House. In his new letter to clients, Grantham explains why any country, from the U.S. to China, still going down the path of developing fossil fuels is walking into a trap. First, he argues we are overstating the benefits of switching to natural gas: “Fracking gas,” like all natural gas, is basically methane. Methane unfortunately is an even more potent greenhouse gas than CO2: at an interval of 100 years it is now estimated to be 32 times as bad, and at 20 years to be 72 times...
The most-played PC game in the world isn't the Sims or SimCity or even World of Warcraft. It's League of Legends, and it's a lot of fun. Part of this game's success is that players can compete in... tournaments against other players from around the world. At the 2013 championships, the top two teams gathered in front of thousands at the Staples Center in Los Angeles. A team from Korea, called SK Telecom T1, took home the $1 million prize. In 2013, it had 70 million registered users, up from 15 million in 2010, according to IGN. And of those 70 million registered users, it had 32.5 million active users. Together, they played a massive 1.3 billion hours each month. The company's success comes in part due to its business model: It doesn't charge people to play. Once you're in the game, however,...
By Lewis Krauskopf
MISSOULA, Mont. (AP) -- The University of Montana and other schools have lifted lockdowns prompted by the armed robbery of two Missoula businesses Thursday morning, but the suspect remains at large,... police said.
WASHINGTON (AP) -- Four years after a powerful earthquake devastated Haiti, President Barack Obama on Thursday praised the rebound taking place in the impoverished Caribbean nation but said there is... more work to be done. He pledged that America will remain a partner in that process.
Glenview-based Illinois Tool Works has agreed to sell its industrial packaging segment to the Carlyle Group, a private equity firm, for $3.2 billion.
As parents we tell our children that the key to success and prosperity lies in a good education. We feel we have to. Why? Thirty-five years of globalization and technological revolution have resulted... in a rapid decline of the manufacturing and blue-collar jobs that were once the backbone of our economy. These were union jobs that offered good wages, superb health benefits and the security of a pension at retirement. But those jobs are vanishing. With that in mind, we needed our kids to get a college degree so they could find skilled work that paid well. The state of organized labor in America is changing. And it's not looking good. Now, millions of un- and underemployed graduates have discovered that a college degree doesn't guarantee a good job. Coupled with the extraordinary spike in...
Since Chris Hyman jumped ship last year, Serco has been adrift at sea with no captain. On Thursday the rats were frantically donning life-jackets and diving headlong out of the stock in droves.
In a recent New York Review of Books article Judge Jed S Rakoff examines why none of the bank chieftains involved in the Great Panic has been brought to justice.
Partners at Heenan Blaikie LLP chose to dissolve the venerated national law firm in spite of a highly profitable year.
The outcome of the referendum later this year could have a major impact on the Scottish financial services industry.
A big push repackaging wallets and scarves as festive gifts helped SuperGroup post a 1.3 per cent rise in sales for the 13 weeks to January 26.
Two WA engineering outfits are among companies that have been running ruler over Forge.
What do the brands like Coca-Cola, Dove, Subaru, MTV, Proctor and Gamble, American Express and Saint Laurent Paris have in common? Though they span various industries, they share one major... commonality: They've nurtured their brand through content marketing and have ended up on top. Brands today face an existential crisis. Nearly 250 retail brands have gone out of business in the last five years according to Retail Research. In my opinion, this comes down to two concepts: time-ignorant promotion or time-ignorant product. Now is the time to call for marketing reform. We, as marketers, are responsible for not having a time-ignorant promotion. Our industry needs to lessen their traditional marketing budget and spend time, energy and money where our customers live: online. Developing a brand is...
Vodafone could launch pay-TV in Britain after its chief executive admitted it wanted to be 'a player' in the wider market.
NEW YORK, N.Y. - New York welcomed Mercedes-Benz Fashion Week Thursday amid icy sidewalks, crosswalks piled high with slush and temperatures in the 20s. Even dedicated fashionistas mostly wore boots... to attend the shows rather than stiletto pumps. And since designers were showing their fall-winter collections in the tents at Lincoln Center and other venues around town, it made sense that boots and inviting outerwear -- from bathrobe coats at Richard Chai to purses that looked like fur muffs at BCBG Max Azria -- were in abundance on the runways. ___ ORANGE IS THE NEW -- WELL, YOU KNOW The strapless jumpsuit actress Samira Wiley wore Thursday to the BCBG Max Azria runway show was quite different from the one she might wear as Poussey Washington, her character on the Netflix prison-themed...
Sumitomo signals it is on hunt for major agricultural, food processing assets in Australia.
HARTFORD, Conn. (AP) -- The chief financial officer of United Technologies Corp. declined to comment Thursday about a report that the conglomerate could sell or spin off Sikorsky, but said the... helicopter maker has a "very bright future."
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. The Fallacy Of Buying Individual Bonds Over Bond Funds (Morningstar) Many... investors think they will be protected in the event of interest-rate rises if they buy individual bonds (and hold them to maturity) over bond funds. But Sam Lee, a strategist and editor of Morningstar ETFInvestor, thinks this is "absolutely false": "If you buy an individual bond and interest rates rise, the market price of that bond will fall. And just because you ignore the market price doesn't change that fact. When you invest in a bond when interest rates are low, you basically have locked in a stream of payments at that low interest rate. When interest rates rise, you can now actually get same...
The stock market had its best day of the year Thursday following encouraging news on the U.S. job market and solid earnings from Disney and other companies. The gains nearly erased steep losses from... early in the week.
Mobile Insights is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today. MORE... MOBILE DOLLARS: Yesterday was a big day for mobile numbers, as some of the biggest companies on the consumer Internet announced their results for the last three months of 2013. Twitter said mobile accounted for more than 75% of the company's total ad revenue. At Internet music service Pandora, revenue per thousand listener hours on mobile and other connected devices showed steady improvement, jumping more than 10$ year-over-year to $34.98. Meanwhile, Yelp reported 53 million unique visitors on its mobile apps and mobile websites in the fourth quarter and said about 30% of its reviews were...
Telethon Speech and Hearing has reached an equality mile- stone, with half its board now women.
Clive Palmer wins latest round in his running legal battle with China's CITIC Pacific.
E-commerce technology company ChannelAdvisor posted a 28 percent jump in revenue in the fourth quarter as the company continued to add customers and boost average sales per customer.
The topic of a growing generation gap is like the tide at the beach -- it comes in, it goes out. But everyone now and then the waves get a little rough. We seem to be experiencing one of those rough... periods right now. During the past few days, I've received a multitude of email notifications and print publications about tension in the workplace caused by the co-existence of four generations working side by side. Differing opinions and attitudes between older and younger generations is hardly new. But never in our history have there been four and soon to be five generations working together. Thanks to a quality of life now extending for many people into their 80s and even 90s, great-great-grandparents are supervising and are often times being supervised by workers 60 or more years younger....
Today, Google spends hundreds of millions of dollars on space, power, and bandwidth for its hundreds of thousands of servers hosted in its own data centers. But Google's infrastructure wasn't always... so vast.
News Corp has reported second quarter earnings of $US150 million but falling newspaper ad revenue in Australia continues to bite into its bottom line.
LITTLE ROCK, Ark. (AP) -- Arkansas' plan for expanding Medicaid by buying private insurance policies for the poor instead of adding them to the rolls was heralded as a model for convincing more... Republican-leaning states to adopt a key part of President Barack Obama's health care overhaul.
NEW YORK (AP) -- News Corp., the publishing company controlled by Rupert Murdoch, reported second-quarter earnings that exceeded Wall Street forecasts while revenue declined as expected, reflecting... slower advertising sales.
The life for a manager inside an organization has an unrelenting pace, with very few occasions where there is uninterrupted time. As a result, relationship building and development opportunities may... fall by the wayside.
The Mount Isa Hospital says a new lead testing regime in the north-west Queensland mining city will significantly increase the number of children tested each year.
"Cool Runnings" is one of the most popular Olympics movies of the past few decades, and it's mostly made up. It's based on a true story, but a member of the unlikely Jamaican bobsled team that... inspired the popular Disney film says it's largely fiction. Dudley "Tal" Stokes, who was on the 1988 Olympic team that inspired "Cool Runnings," took to Reddit in October to set the record straight about what the movie got wrong. "It's a feature Disney film, not much in it actually happened in real life," Stokes said on Reddit. "Cool Runnings" has a cast of fictional characters who don't bear much resemblance to the real-life Jamaican bobsledders. The Jamaican bobsled team that competed at the 1988 Winter Olympics in Calgary, Canada was not composed of track sprinters, as the movie might lead you to...
Home or away, Expedia investors will sleep soundly tonight.
DEERFIELD, Ill. (AP) -- Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, said Thursday that it will close a Philadelphia bakery by 2015 as part of a plan to restructure its... supply chain and save money.
Former SAC Capital Advisors fund manager Mathew Martoma was found guilty Thursday in the most lucrative insider trading scheme ever as federal prosecutors racked up a seventh conviction in their…
LinkedIn Corp. shares fall, continuing the theme of volatile Internet-based company earnings this season, as the outlook falls short of Wall Street estimates.
Jon Shafeei, a former mechanic who runs half marathons and lifts weights regularly, had a hard time doing a 30-minute circuit training routine at a 9Round fitness and kickboxing gym.
Australian bonds are weaker as investors wait to learn more about the Reserve Bank of Australia's cash rate bias.
America's most famous load of yogurt -- a shipment intended to feed U.S. Olympians in Sochi, but blocked by Russian authorities -- remained in storage in New Jersey on Thursday, despite the best... efforts of a senator and the Department of Agriculture to spring it loose.
LinkedIn announced its Q4 earnings. The stock is tanking in after-hours trading, and has been down as much as 10%. Here's what the company delivered: Revenue: $447.2 million vs. $437.84 million... expected Earnings per share: $0.39 vs. $0.38 expected LinkedIn now has 277 million members. The revenue is up 47% compared to $303.6 million in for the same quarter in 2012. LinkedIn also announced that it has signed an agreement to buy a company called Bright, which helps connect job seekers with employers. The transaction is valued at approximately $120 million. Here's a chart of LinkedIn's revenues: Business Insider Intelligence made this chart of LinkedIn's revenue sources: Here's a look at LinkedIn's member and unique visitor growth: Here's a chart of LinkedIn's engagement: Join the...
NEW YORK (AP) -- The Associated Press is naming broadcast executive David Gwizdowski as its senior vice president responsible for revenue in the Americas region and promoting Karen Kaiser to senior... vice president, general counsel and corporate secretary.
As a marketer, I am always thinking about ways to do something different. An example of this is when I review materials online or offline. I often think about ways to enhance the message through a... re-design, new imagery, new font styles, and re-writing the editorial message to make it fresh. You would be surprised at how simple changes can make a huge difference. Now you are probably thinking, If I where to do this, where do I start? Here are a few tips to help you think a little different and kick start your next new idea. This idea can be used with print material and can even be adapted to websites and graphic design usage. 1. Start gathering print samples from anywhere. It really doesn't matter. Weed out the yucky ones and keep the ones that capture your interest. 2. Make note of which...
On Tuesday, the National Institutes of Health announced a partnership of breathtaking scope. Ten drug companies had agreed to collaborate on curing four of the world's most devastating diseases, which... will affect millions of people in the coming years and have proven largely resistant to cures: Alzheimer's, Type 2 diabetes, lupus and rheumatoid arthritis.
GMO's Jeremy Grantham just put out his latest quarterly newsletter to GMO clients. And in it he has some high praise for Tesla. In a section titled "Fossil Fuels: Is Tesla a Tease or a Triumph?" he... writes that he recently took a drive in Tesla and it was his "#1 car experience ever." From Grantham: "I recently took a drive in a GMO colleague’s Tesla from New York to Boston. Now, I am about as far from a car freak as you will easily find. I just turned in a 12-year-old Volvo that unfortunately had been sideswiped, for otherwise it was good for years more. But I have to say that my recent Tesla journey was my #1 car experience ever. "Three years ago I test drove a Tesla in Boston and it was a tinny, rattly, super-expensive toy. Its battery alone cost $50,000! Last month, its chief...
Connected TVs are on pace to take over the television viewing experience. There will be more than 759 million televisions connected to the Internet worldwide by 2018, more than double 2013's number,... according to Digital TV Research. The first wave of connected TVs, called "Web TVs," failed because they assumed that people would use their televisions as a computer, by browsing the Internet and reading email. Now, a new generation of Internet-enabled TVs is succeeding. These connected televisions enhance the everyday experience of watching television by offering a better viewing experience for your favorite programs and movies, as well as an alternative way to interact with music and photos. In a new report from BI Intelligence, we dissect the connected TV landscape, analyzing the factors,...
Soybean prices edged higher on Thursday as U.S. export sales increased. Corn and wheat prices were down, while coffee futures fell sharply.
NEW YORK (AP) -- The price of oil rose Thursday as a positive report on the U.S. labor market and more cold temperatures boosted expectations of higher demand for fuel.
Luxury retailer's new store included shaves, free facials, even a private apartment.
The chief financial officer of United Technologies Corp. declined to comment Thursday about a report that the conglomerate could sell or spin off Sikorsky, but said the helicopter maker has a "very... bright future."
New Hampshire lawmakers reached a deal Thursday to make their state the latest to expand Medicaid under Obamacare. The Associated Press reported that the Republican and Democratic state Senate leaders... announced the decision. The state plans to adopt a privatized version of the expansion, using Medicaid dollars to pay for residents to buy private coverage on HealthCare.gov. The Obama administration has already allowed Arkansas to adopt the same proposal.
The financial talk, that is. Millennials are better at discussing their finances with significant others than older people in relationships, according to a new study from NerdWallet. Young people... between the ages of 25 and 29 are more likely to talk about important financial issues with their partners and to prioritize this conversation before moving in together. From a survey of 544 never-married adults, personal finance site NerdWallet found that 98% of millennial respondents said they had discussed finances at some point in their lives. That far exceeded the 13% of respondents ages 30 to 44 who said they have never discussed money at all. "The emphasis on money varies with age and circumstances," Anisha Sekar, a credit card analyst at NerdWallet, said in a release. "Millennials may want...
DAYTONA BEACH, Fla. (AP) -- Toyota Motor Corp. on Thursday became the first company to land a naming rights deal at the revamped Daytona International Speedway.
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
LOS ANGELES, Calif. - Californians were urged to voluntarily cut their electricity use Thursday in a rare mid-winter conservation alert, after frigid weather across the U.S. and Canada caused a... shortage of natural gas at Southern California power plants. "While the natural gas shortage is only impacting Southern California power plants, statewide electricity and gas conservation will help free up both electricity and gas supplies for Southern Californians," the California Independent System Operator, which runs the state's power grid, said in a statement. Requests for Californians to curtail their power use typically occur in summer, when temperatures soar and air conditioners roar, especially across Southern California. The so-called Flex Alert, in which residents are asked to turn off...
The professional social network doused any excitement about its financial results with a lower than expected guidance for the first quarter, due to increased spending on growth and pledges that it... will be "investing aggressively" sparking fears that it is facing slower growth.
Deal gets Calgary-based Baytex prime acreage in the oil-rich Eagle Ford shale in Texas
A high level of short interest in Green Mountain shares is likely contributing to a rally in the company's shares. This short squeeze is likely painful for hedge fund manager David Einhorn, who has... been shorting and criticizing the company for over two years.
AOL is changing the way it matches employee contributions to their 4o1(k)s. Instead of contributing through the year, AOL will now contribute a lump sum at the end of the year. This upset employees,... who describe the move as a pay cut. This morning, AOL CEO Tim Armstrong got on a conference call to explain the move. He said that AOL healthcare costs were up and that the company had to figure out how to pay for them somehow. In an attempt to describe how expensive employee healthcare can be, Armstrong said that in 2012 AOL paid $2 million to keep alive two "distressed" babies born from AOL employees. This explanation angered lots of AOL employees. So Armstrong just sent out this memo: AOLers - As we discussed at the town hall, we care about you and the company – a lot. This morning, I...
Advisors suggest young Canadians think carefully before they pile money into RRSPs, especially if they're in unstable jobs or have lingering debts
Local stocks are expected to extend yesterday's rally after Wall Street posted its biggest jump of the year and European stocks were lifted less downbeat ECB rhetoric.
A better-than-expected US employment report and some strong company earnings have boosted confidence on Wall Street.
"Selfie" may have been the Oxford English Dictionary's Word of the Year, but according to The New York Times, the new buzzword zooming around the workplace these days is "creativity." "Once... considered the product of genius or divine inspiration," writes Laura Pappano, "creativity — the ability to spot problems and devise smart solutions — is being recast as a prized and teachable skill." Colleges across the country are offering courses and credentials in Creative Studies, says Pappano, while "creative" has been the most-used adjective in LinkedIn profiles two years running. “Improving creative thinking skills is the key to improving business performance,” says management consultant John Canfield. “What differentiates great and not-so-great organizations is if and how they...
Agriculture Minister Barnaby Joyce has held talks with all the nation's banks as he develops a drought-relief package for farmers.
Energy company's crude departing from new loading facility near Edmonton
Brazil is confronting numerous challenges this year, from international investors fleeing developing nations to the slowing economy in China – a major trade partner – to local protests over... Brazil’s preparations to host the World Cup in June.
Société Générale economist Brian Jones predicts only 280,000 workers were added to nonfarm payrolls in January, well above the 180,000 consensus estimate. Jones doesn't stop at a prediction for... how many payrolls were created in January, though. He also predicts exactly how markets will move immediately following the release. "The SG forecast is substantially above consensus and hence a positive intraday impact for risky assets is expected if our estimate materialises," says Jones. "We expect [the S&P 500] to move up by 0.6% and the [10-year] USD swap rate by 5 basis points up in the first half-an-hour after the release." Jones says there is a statistical relationship between the deviation of the actual nonfarm payroll print from the consensus forecast and the market's reaction. "The...
WASHINGTON (AP) -- Senate Republicans narrowly blocked the advance of legislation to restore benefits for the long-term unemployed on Thursday for the second time in less than a month, and Democrats... said they intended to call yet another vote on the issue.
CONCORD, N.H. (AP) -- New Hampshire's Attorney General says a former budget director at Southern New Hampshire State University will be sentenced on two felony counts of siphoning college funds to pay... personal debts.
SAN FRANCISCO - LinkedIn finished last year with a strong showing, but the online professional networking service rattled already jittery investors by indicating its performance will weaken this year... as management ramps up spending while revenue growth slows. The projection released Thursday with LinkedIn's fourth-quarter results triggered an 8 per cent drop in the company's stock price during extended trading. The shares shed $17.91 to $206.54. LinkedIn Corp. also announced it is spending $120 million to buy Bright, a startup that makes data-analysis tools matching job hunters with employers. The acquisition could foreshadow a year of heavy investment that crimps LinkedIn's earnings. CEO Jeff Weiner emphasized the Mountain View, Calif., company will be spending "significantly" on data...
SAN FRANCISCO - LinkedIn finished last year with a solid financial performance, but the online professional networking service spooked investors with a forecast indicating that its growth is starting... to slow down. The projection released Thursday along with LinkedIn Corp.'s fourth-quarter results triggered a 10 per cent drop in the company's stock price in extended trading. The sell-off came a day after Twitter Inc., another Internet service that connects people with common interests, let down Wall Street with a slowdown in its user growth. LinkedIn's fourth-quarter earnings and revenue topped analyst estimates. The Mountain View, Calif., company earned $3.8 million, or 3 cents per share. That was down 67 per cent from $11.5 million, or 10 cents per share, a year earlier. Revenue climbed...
CVS Caremark made a bold decision to "walk the talk" when it announced that it would no longer sell cigarettes in its pharmacies. The announcement means that the shelves of CVS won't offer any tobacco... products in any of its 7600 pharmacies around the country after October 1, 2014. Larry Merlo, CVS Caremark President and CEO, was straightforward. In his own words, "Put simply, the sale of tobacco products is inconsistent with our purpose." While there are some who would wish that CVS didn't wait until the fall to get rid of all those cigarettes, the announcement was met with far ranging support. Print and broadcast media put the story front and center, above the fold and on headline news. The world of social media was filled with comments applauding the decision. CVS Caremark's description...
The next iPhone may come equipped with scratch proof glass. A new report from Mark Gurman at 9to5Mac says Apple has purchased equipment to make 100-200 million sapphire glass iPhone screens. Gurman... has import and export records to support his case. The equipment is going to a factory in Arizona where Apple partner GT Advance is expected to make the screens. Gurman worked with Matt Margolis, an analyst and investor in GT Advance to track down the import/export information. Margolis has written about sapphire glass in the past. Here's his previous explanation of why this is a big deal for Apple: "A sapphire screen will also allow Apple to take full advantage of their Authentec acquisition and allow them to add Touch ID technology underneath their entire screen instead of just the...
Boston.com readers voted, and they love puppies, Clydesales, and American soldiers.
Baupost Group, Boston's largest hedge fund firm, with $26 billion under management, had investment returns averaging 15 percent in 2013, its best year since 2009, according to Institutional Investor's... Alpha report. Baupost, run by Seth Klarman, returned $4 billion to customers last year, according to a person briefed on the matter. The firm kept a lot of its money in cash last year -- about 40 percent, according to the trade publication, even as the stock market surged. Baupost is known for seeking out unusual and overlooked investments.
Correcting and recasting a section on the economic predictions of Jim Rogers.
By Karen Jacobs
GLENVIEW, Ill. - Illinois Tool Works Inc. is selling its packaging division to The Carlysle Group for $3.2 billion and plans to use the money to buy back shares. Carlysle says the packaging division... has 88 manufacturing sites on six continents. Carlysle said in the announcement on Thursday that it will run the packaging group as a standalone company. ITW says it will use the money from the sale to buy back 50 million of its shares, which will offset the profit impact of losing the division. Illinois Tool Works had announced a year ago that it was reviewing options for the business, which had 2012 revenue of $2.4 billion, compared to $14.79 billion for the whole company. ITW didn't break out the division's 2013 revenue in its earnings report last week.
By Andrea Shalal-Esa WASHINGTON, Feb 6
Five years into Obama's presidency 44 percent of Americans still blame former President George W. Bush and the Republican Party for the country's economic woes, while 34 percent blame President Obama... and Democrats, according to a CNN/ORC International poll released Thursday. While more Americans fault Bush for the state of the economy, blame on the former president and Republicans has dipped since 2012, when 57 percent held Bush responsible compared to 35 percent who viewed Obama more culpable.
NEW YORK (AP) -- The nation's largest retail trade group expects retail sales will increase at a slightly faster pace this year than last as continued improvements in jobs and housing should help... shoppers feel more confident about spending.
CALGARY - Baytex Energy Corp. is expanding into the lucrative Eagle Ford shale through its $2.6-billion acquisition of Aurora Oil & Gas Ltd. The deal, which was announced Thursday, includes $744... million in Aurora's debt and gets Calgary-based Baytex nearly 9,000 net contiguous hectares in the Sugarkane Field in South Texas in the core of the oil-rich Eagle Ford. Aurora's production during the last three months of 2014 averaged 24,678 barrels of oil equivalent per day, which was mostly light, high-quality crude oil. The formation's proximity to the U.S. Gulf Coast -- a massive refining market -- means crude from there fetches strong prices. "Baytex will acquire premier acreage in the core of the Eagle Ford, one of the leading shale oil plays in the U.S. The acquisition is an excellent fit...
LinkedIn finished last year with a strong showing, but the online professional networking service rattled already jittery investors by indicating its performance will weaken this year as management... ramps up…
News Corp., the publishing company controlled by Rupert Murdoch, reported second-quarter earnings that exceeded Wall Street forecasts while revenue declined as expected, reflecting slower advertising... sales.
"When I reflect on the last 10 years, one question I ask myself is: why were we the ones to build this?" Mark Zuckerberg asked in a recent open letter he posted to Facebook. "We were just students."... When Facebook launched on February 4, 2004, Mark Zuckerberg was a 19-year-old sophomore at Harvard. Today he isn't even 30 and he's worth billions of dollars. It's hard to believe how young he was when he got started. Here are some photos of young Zuckerberg for Throw Back Thursday (Twitter and Instagram slang fondly known as #TBT, where people post old photos of themselves). Join the conversation about this story »
Restaurant manager Tony Posnanski was working a busy shift when a customer stopped him to complain about a loud child at a nearby table. But as he went to confront the woman, she asked him a... question that stopped him in his tracks. Posnanski wrote an open letter to the family he posted on his blog The Anti-Jared. He shared it with Business Insider: "To the woman and child who sat at table 9, I did not introduce myself to you. My name is Tony Posnanski. I have been a restaurant manager for fifteen years now. My day consists of making sure my restaurant runs well. That could mean washing dishes, cooking and sometimes even serving tables. I have also dealt with every guest complaint you can imagine. A few weeks back you came into my restaurant. I was very busy that night. I was running...
Earlier this week, I wrote about the much-talked-about television advertisement from Coca-Cola that aired during the Super Bowl, featuring "America the Beautiful" in many languages. The ad stirred... America's melting pot in more ways than one. Many of the reactions were negative, but many were also positive. To follow up, a company spokesperson from Coca-Cola reached out with the company's official statement: For centuries America has opened its arms to people of many countries who have helped to build this great nation. "It's Beautiful" provides a snapshot of the real lives of Americans representing diverse ethnicities, religions, races and families, all found in the United States. All those featured in the ad are Americans and "America The Beautiful" was sung by bilingual American young...
Tyler Gedelian, the manager of a Goodwill outlet in Monroe, Mich., says he's used to finding loose change, used tissues, and old grocery lists in the pockets of donated clothes. But last Wednesday, he... found an envelope with more than $43,000 in it stuffed inside the pocket of a robe, the Detroit News reported. The 29-year-old didn't hesitate to do the right thing with his find, though. He called the police and returned the money, according to the Monroe News. "My biggest concern was getting the money back to the rightful owner," he told the paper. "I certainly can't imagine losing that kind of money. I was so nervous having so much of someone else's money." Police tracked down the money's owner, who then paid Gedelian a visit to personally thank him for his honesty, Local 4 news reported....
A Kentucky Senate committee has approved a bill aimed at preventing the sale of student digital data by technology companies.
U.S. skier Bode Miller told the Associated Press that construction work where the ski team is staying isn't finished yet. Unlike the vast majority of athletes in Sochi, the ski team made its own... accommodations for the Olympics rather than staying in the athletes' village. While the village is 100% built, many of the hotels aren't, and it's leading to some horror stories. "My experience so far has been good. I mean, our area is not quite finished, I wouldn't say," he said. He continued by saying the work going on "was very rushed, is what you get the impression of; that everything isn't quite done; they could use a little bit more time." Miller also mentioned that late-stage construction work was going on in Salt Lake City in 2002. He doesn't seem too up in arms. Join the conversation about...
Ever since the federal government took control of Fannie Mae and Freddie Mac, Congress has put several plans on the table to "fix" them -- with the exception of one: Let them operate the way they... always have, only this time, regulate them properly and ensure they have sufficient capital reserves. This is largely what Congress did to "fix" the nation's biggest banks that had much more to do with the subprime mortgage crisis than the government-sponsored enterprises, also known as GSEs. The only difference between now and then is that now the private sector is doing nothing to help low-to-middle income people with good credit become homeowners, and the federal government has actually done things to harm this sector of the housing marketplace. Young families, military families and low-income...
On State Street in downtown Chicago this week, a man trudged through the slush outside a soon-to-be-shuttered Sears, wearing a yellow signboard that read, “Store Closing Sale/Everything Must Go.”... Across the street, inside a thriving Target store, shoppers thronged the checkout lanes. A block north, women were digging fistfuls of coupons out of their purses to buy discounted housewares and winter boots on clearance at Macy’s. Which of these scenes is a metaphor for the American middle class? A front-page article in the Times this week chose Sears, pointing to its decision to close the State Street flagship in its hometown after thirteen years. The article also cited J. C. Penney, which is abandoning thirty-three stores and laying off two thousand employees, and Loehmann’s, the...
New York Fashion Week is officially under way, and this year's shows and after-parties are bound to be more exclusive than ever. Like any high-profile event, it's inevitable that someone will try to... crash the front door. But crashers be warned: A new crop of apps that act as "virtual guest lists" will make entry more difficult for the uninvited. Apps like Zkipster, Fashion GPS, and Splash use cloud-based guest lists that bouncers and event organizers can access on a tablet or phone. According to The New York Times, a new addition to Zkipster's app called zFace will be used to control Fashion Week crowds. ZFace uses Microsoft Bing to put a face to a name, making it more likely bouncers will be able to instantly identify wannabes. ZFace debuted in December at Art Basel Miami Beach,...
Olympic success can lead to a career as a pitchman or pitchwoman, and we examine which Canadians are best equipped to make the leap.
U.S. Attorney Preet Bharara has a perfect track record in insider trading convictions since the government's massive crackdown began in the fall of 2009. Today, Bharara, also known as "The Sheriff... Of Wall Street", convicted former SAC Capital portfolio manager Mathew Martoma in what the DOJ says is the "most lucrative" insider trading scheme of all time. So far, he's 79-0 for convictions. Of those convicted, 58 have been sentenced, while others are waiting. What's more is there's still a handful of cases still pending. Here's a rundown of all the folks he's convicted to date: Join the conversation about this story »
Market strategist David Rosenberg is upbeat about U.S. economic growth. In fact, he wouldn't be surprised if U.S. unemployment came in at 6.5% when the jobs report is released on Friday. And that... worries him.
The gun control group Moms Demand Action on Thursday issued a statement calling Texas state Sen. Wendy Davis' (D) support of a "open carry" law "disappointing and dangerous."
Treasury prices fall Thursday, sending yields higher for the third-consecutive session, as investors make last-minute trades ahead of a much-watched payrolls report in the following session.
NEWS Corp has reported earnings of $327m for the second quarter, up 9pc as expenses from the UK hacking scandal decrease.
Google and Asus today released a new device for business videoconferences called Chromebox For Meetings. The device costs $999, which might sound like a lot considering how low-cost other Google... devices called "Chrome" are (like Chromebooks and Chromecast). But that's really a lot less expense than many business-class videoconference systems, which can run thousands of dollars. The device includes a high-definition camera, a combined microphone and speaker unit, a remote control and a Chromebox. A Chromebox is a Chrome PC that requires you to bring your own monitor and keyboard. Until now, Samsung was the company that made the Chromebox, priced at $329. Google says that in addition to Asus, HP and Dell will soon announce these Chromebox videoconferencing devices. Up to 15 participants can...
Overall, the News Corps' revenue dropped 4% from the same quarter last year.
Global air passenger traffic rose by 5.2 per cent in 2013 compared with the previous year.
Private equity firm said to have prevailed over consortium in the final stretch of the auction
If Mario Draghi was a kindergartner, he'd be sitting outside the sandbox watching the other kids get dirty. At a high school dance, he'd be the loner against the wall. From Janet Yellen at the Federal... Reserve to Raghuram Rajan in India, the world's central bankers have entered an active phase shaping strategies and buying bonds and hiking interest rates (and even arguing in public!) to mold a post-crisis monetary policy. Faced with massive unemployment in some parts of the euro zone and an acknowledged threat of deflation, European Central Bank president Draghi on Thursday announced that the ECB's response would be to wait for more data.
Last week, three GOP senators--Tom Coburn of Oklahoma, Richard Burr of North Carolina, and Orrin Hatch of Utah--unveiled the latest "repeal and replace" Obamacare plan. One of the key questions... people are asking is whether this plan (dubbed the "Patient Care Act") is a net tax cut, a net tax hike, or revenue-neutral.
NEW YORK, N.Y. - The stock market had its best day this year, nearly erasing the steep losses from early this week. The gains came after encouraging news on the U.S. job market and Disney and other... companies reported solid earnings. The Dow Jones industrial average jumped 188 points, or 1.2 per cent, to close at 15,628 Thursday. The Standard & Poor's 500 index rose 21 points, also 1.2 per cent, to 1,773. It was the best gain for both indexes since Dec. 18. Both are still down about half a per cent for the week following a steep drop on Monday. The Nasdaq composite gained 45 points, or 1.2 per cent, to 4,057. Disney jumped 5 per cent after the media company reported earnings that beat analysts' estimates, thanks partly to its box-office hit "Frozen."
Netflix has famously claimed that it wants to “become HBO faster than HBO can become us." But his company has a long way to go to reach HBO's fat profit margins, which were revealed for the first... time by parent company Time Warner in an earnings report Wednesday (TIME is also owned by Time Warner.) The media giant announced that its HBO division, which includes the eponymous flagship channel and Cinemax, generated $4.9 billion in revenue in 2013, a 4 percent increase from the year before. The division had an operating income of nearly $1.7 billion for the year, up 8 percent from the year before. The two channels combined added 2 million U.S. subscribers in 2013, Time Warner CEO Jeff Bewkes said in an earnings call with investors. It was the largest growth figure in 17 years. "HBO remains...
LinkedIn's stock took a pounding after the company announced that its current quarter results won't live up to Wall Street's expectations.
What would James Bond say? Luxury British car maker Aston Martin says tomorrow it will notify more than 5,000 U.S. drivers of its Coupes, Roadsters, Volantes, and Rapides that the cars are being... recalled. Their defect: A Chinese-made part, fabricated with counterfeit material, could cause them to crash, according to Jennifer Tim
The Obama administration is considering an extension of the president's decision to let people keep their individual insurance policies even if they are not compliant with the health care overhaul,... industry and government officials said Thursday. Avalere Health CEO Dan Mendelson said Thursday that the administration may let policyholders keep that coverage for as long as an additional three years, stressing that no decision has been made. Policymakers are waiting to see what rate hikes health insurers plan for the insurance exchanges that are key to the overhaul's coverage expansions.
The office of Benjamin Lawsky, the superintendent of New York's Department of Financial Services, has halted the transfer of about $39 billion in servicing rights to Ocwen from Wells Fargo.
Adding lowfat yogurt to your diet can cut diabetes risk by 28 percent, new research shows.
The State Department's top official for Europe was allegedly caught on tape saying, "F— the E.U.," in what was an apparent a bout of frustration toward the European Union's lack of action in solving... Ukraine's political crisis. Assistant Secretary of State for European Affairs Victoria Nuland allegedly made the inflammatory remarks, which were posted on YouTube on Feb. 4 and first reported by The Kyiv Post on Thursday. Nuland was reportedly speaking to U.S. Ambassador to Ukraine Geoffrey Pyatt. The U.S. pointed a finger at Russia for having a role in the call's leak. The publication reported that the conversation took place after Ukrainian President Viktor Yanukovych made an offer on Jan. 25 to opposition leader Arseniy Yatseniuk. Under the deal, he would become prime minister, while...
BOSTON - The Boston Athletic Association has launched an app that aims to allow runners who can't participate in the 2014 Boston Marathon to feel like a part of it.
U.S. exports reached a record $2.27 trillion in 2013, and the overall trade deficit narrowed. Yet the United States still bought a gargantuan amount of stuff from China last year a record amount of... red ink on the trade accounts. And despite the strong export performance, growth over the year was anemic.
Ford is being urged to make its future intentions clear after the company announced it would start cutting 300 jobs in June.
President Barack Obama's upcoming visit to Michigan State University to sign the sweeping farm bill underscores the legislation's importance to the East Lansing school and other research and... agriculture-focused institutions.
The government is studying options to issue a compulsory licence on life-saving anti-cancer drug dasatinib, which could bring down its price by over 90%.
Sun Life Investment Management Inc. will offer pooled funds focused on private fixed-income investments, commercial mortgages and real estate.
The Games are often billed as a boon for the host, a bonanza of tourism and television time. But host countries don't always benefit economically.
Billionaire miner Clive Palmer has accused Chinese company Citic Pacific of effectively "stealing Australian resources" after the its president made a rare public statement warning other potential... Chinese investors were carefully watching the warring partners' legal battle over mining royalties.
NEW YORK (AP) -- A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about... the testing of a potential breakthrough Alzheimer's drug.
AOL is changing the way it matches the money its employees are socking away in their 401(k)s. Instead of matching contributions throughout the year, AOL will now wait until the year is over. This... change has some AOL employees very upset. They've written an open letter to CEO Tim Armstrong complaining that the lump sum payment is an "unnecessarily risky investment strategy and deprive[s] workers who leave the company of retirement benefits they have earned. " These employees complain that management did not aggressively inform them that the change was coming. "Significant changes in compensation, especially changes that result in effective pay reductions, should not be buried in fine print, but discussed openly with employees by a company manager. We all love this company and enjoy...
Grain futures were mixed Thursday on the Chicago Board of Trade.
In fit of genius, California school decided to celebrate Black History Month with menu of friend chicken, cornbread and watermelon.
It was nice to see a healthy amount of green in the stock markets today. First, the scoreboard: Dow: 15,628.5 (+188.3, +1.2%) S&P 500: 1,773.4 (+21.7, +1.2%) Nasdaq: 4,057.1 (+45.5, +1.1%) And now the... top stories: There was quite a bit of company-specific news today. Leading the way was Twitter, which crashed after the company published its quarterly financial results. The company's earnings were actually stronger than expected, but management indicated that Twitter users' timeline views were actually on the decline. Shares of Green Mountain Coffee exploded after Coca-Cola announced it would be taking a 10% stake in the company. "With The Coca-Cola Company as a global strategic partner in our multi-brand at-home Keurig Cold beverage system, we believe there is significant opportunity to...
British fashion brand Topshop said Wednesday it would open a flagship New York store on Fifth Avenue, its second largest branch worldwide. The brand also announced plans to open four more stores in... the United States: in San Diego, Washington DC, Houston and Atlanta. The new Manhattan store will be located on Fifth Avenue, on the corner of 49th Street, adjacent to the Rockefeller Center. Second only in size to Topshop's branch on London's Oxford Street, it will open this autumn. British tycoon Philip Green, the chairman of Topshop's parent company the Arcadia Group, sold a 25-percent stake in the Topshop/Topman brand to Leonard Green and Partners, a US private equity firm, in a bid to fuel the brand's international expansion. Green said: "Following the investment of Leonard Green and...
'Refusal is simply deferring the inevitable,' the Illinois Commerce Commission saysComEd customers who refuse smart meters will be charged $21.53 a month, regulators decided Wednesday.
Two of the more vocal Republican critics of efforts to unionize the Volkswagen assembly plant in Tennessee are taking opposing approaches to a pending vote on the issue next week.
Fourth-quarter revenue fell 5.2 per cent to $443.9-million (U.S.), beating analysts' estimates for $441-million
A new disaster: by ending job lock, Obamacare will likely boost entrepreneurship.
You may drink, and you may party, but do you get My Drunk Kitchen wasted? Well, it seems that drunk cooking video host Hannah Hart's learned her fair share from her series — she hosted Mental... Floss's weekly video list laying out 29 common misconceptions about alcohol. Here are the 9 biggest alcohol-related myths, and why they are false. Check out the full 29 on Mental Floss or below. 1. Liquor before beer never fear, beer before liquor never sicker. There's no magical order of drinking that will save you from a hangover the next day. The order you drink certain types of alcohol in doesn't matter — even switching between beer, wine, and liquor throughout the night won't make a difference. Bottomline: all that matters is how much you drink, not if you saved the beer for last. 2. Breaking...
TORONTO - The pressure of RRSP season can be relentless, but advisors suggest young Canadians think carefully before they pile money into the long-term savings plan, especially if they're in unstable... jobs or have lingering debts. The instability of the modern workplace has made it more complicated than simply tossing money into a savings plan, locked away for years to come. People in their mid-20s to early 30s are increasingly working part-time or contract jobs that leaves them with an uncertainty about the future that would have been unheard of a few decades ago. So the advice from financial advisors is to weigh whether it makes sense to contribute to an RRSP given your financial situation, especially if you have student loans or a home mortgage. Hamilton resident Rikesh Modi faced that...
TORONTO - The pressure of RRSP season can be relentless, but advisors suggest young Canadians think carefully before they pile money into the long-term savings plan, especially if they're in unstable... jobs or have lingering debts. The instability of the modern workplace has made it more complicated than simply tossing money into a savings plan, locked away for years to come. People in their mid-20s to early 30s are increasingly working part-time or contract jobs that leaves them with an uncertainty about the future that would have been unheard of a few decades ago. So the advice from financial advisors is to weigh whether it makes sense to contribute to an RRSP given your financial situation, especially if you have student loans or a home mortgage. Hamilton resident Rikesh Modi faced that...
The entry version of the 998-cc Celerio comes for Rs 4.29 lakh (ex-showroom Delhi) and this is only Rs 39,000 dearer than the manual version, against a much higher price difference (of up to Rs 1... lakh) in several models.
A Manhattan jury convicted former SAC Capital Advisors portfolio manager Mathew Martoma on Thursday of what prosecutors described as the most lucrative insider-trading scheme ever, adding to the... troubles of the beleaguered hedge fund and its billionaire owner, Steven A. Cohen.
SAN FRANCISCO - In a story Jan. 27 about the California Supreme Court's denial of a law license to former journalist Stephen Glass, The Associated Press relying on information from the court reported... erroneously the publisher of a key article fabricated by Glass. The article "Hack Heaven" was published in The New Republic, not George magazine. A corrected version of the story is below: Court: Disgraced ex-journalist can't practice law California high court denies law license to ex-journalist who fabricated stories in magazines By PAUL ELIAS Associated Press The California Supreme Court on Monday denied a law license to a disgraced former journalist who was caught fabricating dozens of stories for major national magazines. The unanimous seven-judge court ruled that Stephen Glass had...
NASA's Curiosity rover caught a glimpse of Earth and its moon on Jan. 31. Earth appears as a bright "evening star" in photos:
The U.S. Bureau of Labor Statistics releases the January jobs report on Friday morning at 8:30 AM ET. The median estimate of 92 market economists polled by Bloomberg is that 180,000 workers were hired... to nonfarm payrolls in January after last month's report revealed only 74,000 hires, well below everyone's estimates. Meanwhile, economists predict 185,000 workers were hired to private-sector payrolls, implying a net 5,000 reduction in government employee headcount. The big question is whether the weather effects that appeared to drag down the December number will also weigh on the January report. The consensus view seems to be that this is not likely to be the case due to the fact that temperatures were actually relatively warm over the period in which the January survey was conducted. "The...
Republicans have had a field day with the Congressional Budget Office report released this week, claiming it shows Obamacare will destroy the American work ethic and force people to rely on the... government. Never mind that reality is a bit more complicated than that. You could argue that the GOP should actually embrace the law because it could do the opposite: give Americans the freedom to start their own businesses.
Russian hockey player Alex Ovechkin thinks Sochi is being unfairly criticized for its lack of preparedness for the Olympics. In a press conference on Thursday, Ovechkin said that reporters are giving... Russia tougher treatment than they did Torino in 2006, even though construction work was ongoing in that city as well. His message: Just settle down. Here's what he said (via the Washington Post): "I’ve been in three Olympic games. I remember Turin and Vancouver and nobody said something bad about Vancouver and Turin. Why you guys always try to find some bad things in Sochi? Sometimes it’s just funny to see how people try to find – they have lights in the toilets or they have bathroom on tour. "It’s Olympics, guys, come on. Everybody have to be enjoy and don’t find bad stuff out...
NBC comes close to gold in delivering the Winter Olympics online from Sochi, Russia.
Several years of budget battles and a government shutdown last year captured headlines but amounted to fights over the easy stuff. A new projection for the U.S. fiscal outlook over the next decade... makes it clear the hard choices are still ahead as the baby boom generation retires.
A college president and New York City's former comptroller are among three members appointed to the state board that will select casino operators.
Rupert Murdoch's 21st Century Fox has reported a drop in quarterly profits while revenues rose.
The maker of Cornflakes and Special K said sales in its flagship US breakfast unit declined four per cent.
Car manufacturer Daimler AG has finished 2013 strongly after a rough start including a profit warning.
Tobacco giant Philip Morris International says its fourth-quarter profit has dropped five per cent.
Energy firm expects total capital expenditure at $5.2-billion (U.S.) to $5.6-billion
STRONG earnings from Disney helped drive US stocks sharply higher, putting the Dow close to its best gain of the year.
I see it often: Businesses hire a blogger, or rely on an existing employee to spearhead their content strategy. They have high hopes for increased website traffic, email subscribers and sales.
In a first after becoming the chairman of Tata Group over a year ago, Cyrus Mistry is taking on an operational role in a group company.
NEW YORK, N.Y. - The prices of oil rose Thursday as a positive report on the U.S. labor market and more cold temperatures boosted expectations of higher demand for heating oil. Benchmark West Texas... Intermediate crude for March delivery rose 46 cents to close at US$97.84 a barrel on the New York Mercantile Exchange, after earlier rising near US$99. The U.S. Labor Department said the number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects. Those figures came a day before a widely anticipated report on January employment. With chilly temperatures across the middle of the United States and into the U.S. Northeast, demand for heating oil remains strong. That should boost...
Alix Gould-Werth and Alexander Hertel-Fernandez show us the real problem with unemployment insurance ... in one chart. Read about their thoughts on how to fix it and see the chart, below:
ON FRIDAY morning, the Australian dollar was trading at 89.71 US cents while the local market looks set to open higher following strong gains on Wall Street.
The strong trend started from smaller towns and cities and has been rapidly spreading to metros.
If your home is your castle, the bathroom undoubtedly holds the throne. Since people spend, on average, a year and a half of their lives in the bathroom, it should be a nice place to be, especially... if you're plunking down a million or more for your house. The experts at the real estate listing site Estately helped us find the homes on the market right now with the most luxurious bathrooms you can imagine. We're talking everything from sitting rooms equipped with flatscreen TVs to marble statues and golden fixtures. By far, California plays home to some of the most extravagant loos across the country. This cool bathroom fits into its Western locale. Address: 6427 East El Sendero Road, Carefree, Arizona Price: $2.2 million As seen on HGTV, this remodeled home takes advantage of its...
As part of Miami-Dade County Schools’ massive digital transformation project, Superintendent Alberto M. Carvalho announced Thursday a rollout of 100,000 HP and Lenovo Windows 8 devices by August.... Beginning this spring, 13,000 elementary school students, along with 15,000 7th grade civics students and 9th grade world history students will get devices. Additionally, more than 10,000 interactive boards will be added to classrooms across the district.
TOKYO (AP) -- The ghostwriter of famous musical scores credited to Mamoru Samuragochi says he saw no evidence the deaf Japanese composer was unable to hear.
House Minority Leader Nancy Pelosi (D) won't be appearing on "The O'Reilly Factor" anytime soon.
WASHINGTON (AP) -- Some flood insurance premiums required under a 2012 law now won't be raised until the fall of 2015 at the earliest.
THE Australian market looks set to open higher following strong gains on Wall Street ahead of a much-watched US labour market report and amid mixed trade and labour data.
PARIS (AP) -- French President Francois Hollande says during his U.S. trip next week he'll broach the thorny issue of getting Internet companies to pay the tax man like smaller companies do.
Someone spent 241,500 euros on Pope Francis' Harley-Davidson.
The Senate on Thursday voted unanimously to confirm Sen. Max Baucus (D-MT) as the next U.S. Ambassador to China. The vote was 96-0.
Firms are pitching this week to work on the sale of a 40% stake in the cross-Channel service, Sky News understands.
Here's a preview of this week's IBTimes Magazine: Investors Flock To Islamic Bonds Western investors are getting into Islamic bonds (which adhere to Shariah law) because the returns are often higher.... Does that mean we'll see secret Shariah cattle farms in the American heartland, and Wall Street types in Muslim attire? Kathleen Caulderwood investigates. Congo Mountain Gorillas, Advocates Face Uphill Climb
The company beat analyst expectations in the fourth quarter as its net losses were cut to $3-million (U.S.), from $45-million a year earlier
While on the promotional trail for his upcoming film "The Monuments Men," Matt Damon took some time to stop by Reddit for an AMA (Ask Me Anything) with fans. The film, which opens Friday, has a huge... ensemble cast of stars from George Clooney to Bill Murray, so while a lot of the questions had to do with Damon, there was also a bunch dealing with his co-stars, his friends in Hollywood, and their antics. While some celebrities answer questions with brief responses, Damon spoke very candidly to fans about roles. We've compiled some of the best highlights below. You can check out the full AMA here. What the best prank his "Monuments Men" and "Ocean's 11" co-star, George Clooney ever pulled on him: "I got these giant fruit baskets in the mail from Tina Fey and Amy Poehler. They had just made...
THE Australian dollar has rallied to 89.71 US cents on better-than-expected trade figures.
Republicans have blocked legislation from advancing in the Senate to restore benefits for the long-term unemployed.
Cotton futures No. 2 closed $1.15 to $4.20 a bale higher Thursday.
We all think our local innovation scene is pretty awesome but, for a reality check, it's always good to get an outsider's perspective. So I was eager to hear what Avecto co-founder Paul Kenyon had to... say about the decision by his Manchester technology company -- Manchester, England, that is -- to open an office in Cambridge last week.
The 2014 Sochi Winter Olympics start tonight. But if you're among the 9 percent of U.S. households who have broadband but don't subscribe to paid television, it will be nearly impossible to (legally)... watch the games online this year.
There is one small thought that is often forgotten at the end of nearly every meeting. Can you guess what that is?
Sen. Elizabeth Warren (D-MA) on Thursday called on President Obama to nominate fewer judges who have represented corporate interests and more with backgrounds working for public interest groups.... "Power is becoming more and more concentrated on one side," she said at an event organized by the left-leaning Alliance for Justice. "Well-financed corporate interests line up to fight for their own privileges and resist any change that would limit corporate excess."
Senate Republicans narrowly blocked the advance of legislation to restore benefits for the long-term unemployed on Thursday for the second time in less than a month, and Democrats said they…
The National Science Board's 2014 set of indicators, which tracks the state of science-related funding, public attitudes, and education in the U.S. and abroad, just dropped, in all its 600-page glory.... There are a ton of interesting bits scattered throughout the report, but the big takeaway is how America's doing in relation to the rest of the world: Not great, at least in terms of the percentage of the world's research funding comes from here.
New Hampshire emerged Thursday as the latest state that appears poised to expand Medicaid. The Associated Press reported that after months of private meetings, Granite State Senate negotiators reached... a bipartisan deal. The agreement would expand health insurance access to just under 50,000 poor adults. "The bipartisan nature of this agreement shows what can happen when we work together to focus on the issues critical to the well-being of our state," Senate President Chuck Morse (Salem-R) told the AP. "At the end of the day, this is about expanding coverage for tens of thousands of mostly working, low-income citizens, supporting our providers, helping our state budget, and helping our economy. Our bill will do all of these things," Senate Democratic Leader Sylvia Larsen (D-Concord) added....
India's car makers are optimistic despite falling sales
Sahil Kapur brings TPM readers the Massachusetts gubernatorial candidate -- Obama's first Affordable Care Act CEO -- who wants to bring single payer health care to his state. Just call him Bernie... Sanders Donald Berwick.
21ST Century Fox has reported a drop in quarterly profits while revenues rose at the film and TV conglomerate.
MOUNTAIN VIEW, Calif. (AP) -- Google is introducing a videoconferencing tool designed to make it easier and less expensive to hold face-to-face business meetings even if the participants are scattered... in different locations.
MONTGOMERY, Ala. (AP) -- Alabama's chief justice, known on the national stage for fighting to display the Ten Commandments in a judicial building, is jumping into the gay marriage debate with his push... for a states-led constitutional amendment defining the institution as a union between one man and one woman.
Toyota Motor Corp. on Thursday became the first company to land a naming rights deal at the revamped Daytona International Speedway.
The Australian market looks set to open higher following strong gains on Wall Street.
Mathew Martoma helped Cohen's firm earn more than $250-million illegally, jury finds
Quebec’s information technology industry has become a dynamic and essential piece of the provincial economy, but many of the smaller players are concerned about their future.
One proposal would bring back pensions while a plan by the Obama administration would give younger people a break on market risk.
The Australian sharemarket looks set to open higher.
Phishers are finding novel methods to bait people into sharing their banking details - the latest is an email using details of a 'closed-door meeting' at the Reserve Bank of India.
Over the next decade, the individual income tax will be the fastest growing source of federal revenue, according to new estimates by the Congressional Budget Office. In fact, the individual income tax... will pretty much be the only revenue source likely to increase significantly over the next decade. As a result, it will generate more than half of all federal revenue for the first time since the turn of the 21st century.
Local stocks appear likely to open higher on optimism that the US economy is headed in the right direction.
The Australian dollar continues to rally on better-than-expected trade figures.
Local stocks appear likely to open higher on optimism that the US economy is headed in the right direction.
Greek yogurt destined for the breakfast tables of American Olympic athletes in Sochi remains caught up in a bureaucratic web of international trade negotiations.
I have spent decades "being educated" -- in college, graduate school, numerous professional certifications, and now a Ph.D. program. All of that schooling and training helped shape the person I am... today, but at no point in my life has there been a more profound education than my time working for Enver Yucel and Oprah Winfrey. Enver and Oprah are two extraordinary people. And on top of that, they're both billionaires. On the surface, they appear to be totally different people. They are in different industries, have different family structures, practice different religions, and speak different languages. However, once you get past their written biographies and dig deeper, you will notice they possess many of the same successful habits. I had the opportunity to work with both Oprah and Enver...
A jury found former SAC Capital portfolio manager Mathew Martoma guilty of insider trading, a verdict that burnishes prosecutors' trial record but doesn't directly affect the firm's founder, Steven A.... Cohen.
NEW YORK — A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about the... testing of a potential breakthrough Alzheimer's drug.
DAYTONA BEACH, Fla. - Toyota Motor Corp. on Thursday became the first company to land a naming rights deal at the revamped Daytona International Speedway. The Japanese automaker and International... Speedway Corp., which owns the famous Florida track, announced the sponsorship deal at the Chicago Auto Show. The 11-year agreement, which begins in 2015, will provide Toyota with naming rights to one of the five massive fan entrances at the redesigned speedway. Toyota will have more than 20,000 square feet with which to work, giving the company plenty of space to showcase its automotive lineup and promote affiliated race teams. "This is a unique opportunity for Toyota to elevate our brand in the motorsports community," said Bob Carter, senior vice-president of automotive operations of Toyota...
Three pooled funds designed to attract defined-benefit pension plan investment by offering higher yields
Republican senators on Thursday blocked a three-month revival of long-term unemployment compensation for 1.7 million Americans out of work. Democrats fell just one vote short of the 60 needed to break... a filibuster. Four Republicans voted with Democrats -- Sen. Dean Heller (NV), Kelly Ayotte (NH), Lisa Murkowski (AK) and Susan Collins (ME). Senate Majority Leader Harry Reid (D-NV) changed his vote at the last minute to preserve the option of bringing up the bill in the future. The final vote was 58-40. It's the latest move in a six-week game of cat and mouse where Democrats try to find a way to revive the emergency jobless benefits and Republicans say the proposal that Democrats come up with is not good enough.
Illinois is investing approximately $4 million for a new Chicago center designed to help start medical technology companies, state officials announced Thursday.
Sun Life's initial product suite aimed at institutional investors includes three pooled funds
SOCHI, Russia (AP) -- They're designed to celebrate a millennium of Russian might and this country's modern rebound, and kick off two weeks of extraordinary human endeavors and planetary... sportsmanship. But the ceremony opening the Sochi Olympics on Friday, more than anything, will be about one man: Vladimir Putin.
Melissa Johnson, a 38-year-old mother of three, had worked as an administrative assistant at the same metro-Detroit law firm for 15 years--her co-workers were like family. But when the Great Recession... hit in 2007, Melissa was laid off. Devastated, she signed up for unemployment benefits, and when no work appeared, she began retraining to become nurse. Unemployment insurance paid Melissa a portion of her former salary for the duration of her training. Without those benefits, her home would have gone into foreclosure. When we spoke with Melissa in summer 2013, she remained in her home and was happily working as a nurse.
A new paper finds that fast-food restaurants are more likely to close when the minimum wage increases. The good news? New ones swoop right in to take their place.
The Australian dollar is trading strongly after the nation posted two consecutive trade surpluses while America's trade deficit widens.
Early this morning, my inbox was hit with one of the most amazing pieces of reader feedback I've received in my tenure at The Post, starting with the subject line "you and doge." Hi, great work at WP,... thanks.
Amateur athletes from the around the world have descended on Sochi with one goal in mind: to bring home the ever-elusive Olympic gold medal. (Or several, if they're lucky.) But just how gold are those... gold medals? The answer might surprise you.
Mathew Martoma, the former hedge fund trader charged with what federal prosecutors called the most lucrative insider trading scheme in U.S. history, was found guilty on Thursday. Martoma, who once... earned millions of dollars working for Steven A. Cohen’s hedge fund SAC Capital, faces decades in prison, but will likely serve less than that. The guilty verdict, which was delivered by a 12-member jury in a federal court in lower Manhattan, is the latest blow for SAC Capital, which last fall pleaded guilty to fraud charges and agreed to pay a $1.8 billion in the largest insider trading fine in U.S. history. As part of a settlement with the government, SAC agreed to shut down its investment advisory business and turn itself into a so-called “family office” to manage Cohen’s...
Twitter said Thursday it is pressing the Justice Department for permission to disclose more information about government data requests on its customers. The company said if doesn't get approval, it... would consider legal action in order to more specifically disclose to the public how many court orders and subpoenas they receive from the National Security Agency and other law enforcement authorities.
NEW YORK (AP) -- A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about... the testing of a potential breakthrough Alzheimer’s drug. The verdict capped a three-week trial that featured testimony from two prominent doctors who confessed spilling secrets to Mathew Martoma during lucrative consultations with financiers. Martoma sat expressionless as the jury forewoman announced he had been found guilty of two counts of securities fraud and conspiracy to commit securities fraud. Tears streamed down the face of his wife, who sat with her hands folded on her yellow dress. The trial also contained frequent mentions of SAC Capital’s billionaire founder, Steven A. Cohen....
There’s an event going on today at Union Station in Kansas City, Missouri called The Resilient Summit. It is described as an examination of the “Collaborative Economy,” which is being called ... “a key trend that’s redefining established business models, empowering consumers and driving the next phase of social.” How can Collaborative Economy have anything to do with Intellectual Property?
WASHINGTON (AP) -- Large food companies are trying to head off state efforts to enact mandatory labeling of genetically modified ingredients by proposing new voluntary labels nationwide. The food... industry and farm groups are pushing Congress to pass legislation that would require the Food and Drug Administration to create guidelines for the new labels, which food manufacturers could use. A federal standard for voluntary labels would get food manufacturers off the hook if any states pass laws requiring mandatory labeling. Recent ballot initiatives in California and Washington failed, but several state legislatures are considering labeling requirements and opponents of engineered ingredients are aggressively pushing new laws in several states. There's very little science that says...
By Nate Raymond NEW YORK
In far too many outlets and at water-cooler discussions, people discuss “culture” in the workplace, especially at startup workplaces, incorrectly. Most people, in referencing culture, think of a... “rah rah” grouping of employees, hugs, laid-back vibe and dress code, maybe free perks – our office has popcorn and slushies – or even a weekly happy hour outing. All of this stuff is great, but it’s not culture. These elements can be fun and enjoyable – I don’t want to be a Scrooge here – but they’re not accurate when culture is the main point up for debate. These factors contribute to a strong morale. The distinction between culture and morale can sometimes be blurry, so let’s talk about what culture is – and how a strong sense of it within your team can impact your...
Another one bites the dust. Former SAC Capital Advisor portfolio manager Mathew Martoma was found guilty of insider trading on Thursday -- bringing US Attorney Preet Bharara's record in his...
NEW YORK, N.Y. - A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about... the testing of a potential breakthrough Alzheimer's drug. The verdict capped a three-week trial that featured testimony from two prominent doctors who confessed to spilling secrets to Mathew Martoma during lucrative consultations. When prosecutors announced the case in November 2012, they said it may be the most lucrative insider trading scheme of all time. Martoma watched the jury without expression as the jury forewoman announced he was guilty of two counts of securities fraud and conspiracy to commit securities fraud. Tears streamed down the face of his wife, Rosemary, whose hands were...
Thomas Jefferson famously wrote in the Declaration of Independence that "We hold these truths to be self evident that all men are created equal." Only three divine "inalienable" rights were then... named, those being "Life, Liberty and the pursuit of Happiness." Ever since the Occupy Wall Street events of a couple of years ago there seems to be a clamoring for an additional sacred right to add to the original troika -- that being income equality. The mantra of income equality was recited to great effect by then candidate and now New York City Mayor Bill DeBlasio and has subsequently been picked-up by President Obama. It is true that the overwhelming majority of Americans are not rich. The U.S. Census Bureau reports that in 2010 per capita income was $40,584 nationwide. Even affluent states...
SAA has entered into an agreement with Virgin Australia that would see the airline expand its access in the country.
Ask Delhi govt to release pending subsidy of Rs 262 cr to stave off crisis; Tata Power rejects reports of taking over BSES areas
Experts say a turnaround may happen after the general elections
Tata Housing plans the country's most expensive gated villas in Delhi
NEW YORK, Feb 6
Wine offers inspirational quotes about purpose, passion, and fighting the uphill battles that define the work of our lives. Here are ten favorite inspirational quotes I've heard as I've reported on... the world of wine.
A Virginia man pleaded guilty Thursday to selling stolen military smoke grenades, gas masks, and 200 rounds of ammunition while he was an active duty Navy SEAL, according to The Norfolk... Virginian-Pilot.
It's 2014, and yet moldy old formulas for career success are lingering well past their expiration dates. But as I'm planning to elaborate on in a commencement speech I'll be giving later this year, I... finally see an end to that antiquated career path (find a big company, get your foot in the door, play by the rules, work long and hard, climb patiently up the ladders, and be sure and make nice with all the gatekeepers). That path is crumbling, so why waste time and energy following it? Busting economies and booming tech innovations are breaking up the old systems and opening the way for new ones. What's the point of loading up on debt and sweating your way through the well-worn rut of college when more dynamic and creative approaches can produce better outcomes faster? Fellowships,...
A former SAC Capital Advisors portfolio manager was convicted Thursday of helping the company owned by billionaire Steven A. Cohen earn more than a quarter-billion dollars illegally through trades... based…
Eight telecom companies participating in the auction bid for around 70% of the spectrum available in the 1,800 MHz band, said DoT
Co-authored by Mike Bellamente, the director of Climate Counts, a consumer outreach organization that rates corporations on how well they measure, reduce and report their greenhouse gas (GHG)... emissions. As individuals and families, we buy insurance for a lot of fairly unlikely things, like casualty insurance to cover the loss of a home in a severe storm, or automobile insurance to cover damage from car accidents. The odds that these things will actually happen vary depending on where you live or how you drive, but few actually expect these things to happen to them. After the release of the Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) in 2013, we now know that our own actions have caused the climate to warm, and that its effects are virtually certain to...
I know, far it be for me to write an article which brings together music and branding. I kid of course for by now you surely know of my love affair with the concept of marrying and meshing the worlds... of advertising, marketing and branding with that of pop culture - in this case, music specifically.
A 'risk-on' session sent the FTSE 100 up 1.6pc and weighed on Randgold Resources and Fresnillo
Vodafone Plc will buy out the minority shareholders, who together own 35.62% of the equity
The economic offences wing has informed the enforcement directorate about the money flow to Dubai
Plans pan-India multi-speciality clinics named HCL Avitas
Private all-girls school in Northern California serves watermelon and fried chicken to commemorate Black History month.
To deliver on strategy that late Slym was executing
Before taking a step into fast-growth emerging markets, smaller firms must first have the capabilities to succeed, says the Conference Board of Canada
Much ink has been spilt on the recent renaissance of hardware. The Pebble Smartwatch raised over $10m dollars in 30 days, more than 10 times its fundraising goal, Ouya launched a $99 game console, and... Nest recently sold to Google for over $3.2bn. At Hipmob we work with a few
Novo's decision to continue to add reps while the competition is moving in the exact opposite direction would make sense if they actually had something new to sell.
To also complete sale of land parcel in a week
AIM wrote to the MRUC on February 5, citing alleged anomalies in the survey's data on magazines
The European Central Bank has held its key interest rates steady as largely expected.
Canadian builders will likely reduce housing starts in 2014 and 2015 as they adjust to rising interest rates and a slowdown in demand.
The nation's largest retail trade group says it expects retail sales will be increase 4.1 percent in 2014 amid a still slowly recovering economy.
Colbert: "People should be chained by the need for health insurance to jobs they hate.That's what built this country!"
This is the latest in a series exploring HIPAA and its impact on medical practice and compliance, patients’ rights, business and related topics. If you have a question about HIPAA and your... business, please let us know.
Google is introducing a videoconferencing tool designed to make it easier and less expensive to hold face-to-face business meetings even if the participants are scattered in different locations.
There are undercurrents India may not end up being so generous in doling out visas to boost tourism when time comes to walk the talk
Company has not been able to carry out drilling in this belt owing to growing tension between India and Pakistan
The company posts 13.2% increase in service revenue at Rs 9,541 cr
NEW YORK (AP) -- Subway says it's in the process of removing a chemical from its bread as part of an ongoing effort to improve its recipes. The announcement comes after a popular food blogger launched... a petition this week asking the sandwich chain to stop using the ingredient, called azodicarbonamide. A representative for Subway says the change was underway before the petition was launched, but did not immediately provide details on when it started or when it would be complete. "The complete conversion to have this product out of the bread will be done soon," Subway said in a statement, without providing further details. Vani Hari, who runs FoodBabe.com, has targeted other food companies including Kraft and Chick-fil-A for the chemicals in their products. In the latest petition targeting...
Model priced at Rs 3.9-4.96 lakh; company hopes to sell 10,000 units a month
Interview with ED (engineering), Maruti Suzuki India Ltd
US stocks have opened higher ahead of US labour market report but shares of Twitter plummeted.
Twitter shares have gone into a nosedive after the company's first earnings report shook up investors.
What do NCP leader Supriya Sule, Bajaj Finserv MD Sanjiv Bajaj and actors Salman Khan and John Abraham have in common? Reportedly, all of them own Giant bicycles
Patel has written to the finance minister to cut excise duty on commercial vehicles from 12% to 8% immediately
WASHINGTON (AP) -- U.S. officials say they suspect Russia is behind a leak of an apparently bugged phone conversation between two senior American diplomats in which they make disparaging comments... about the European Union.
Interview with president & CEO, KTM Sportmotorcycle AG
(Kitco News) - Gold prices ended the U.S. day session not far from unchanged in quieter trading Thursday, ahead of Friday’s all-important U.S. employment report from the Labor Department. April... gold was last steady at $1,256.90 an ounce. Spot gold was last quoted down $0.30 at $1,257.75. March Comex silver last traded up $0.12 at $19.925 an ounce.
“It’s so unnecessary. That’s the part that upsets me,” Roy Heenan, 78, said during an interview at his downtown Montreal home
BOSTON (AP) -- The Boston Athletic Association has launched an app that allows runners around the world to be a part of the 2014 Boston Marathon experience.
The crowd on Day Two of Auto Expo 2014 took many exhibitors and the media by surprise
The 900-MHz spectrum band price soared 78% from the base rate on Day-4 of auction
When it comes to head lice, there's an inescapable ick factor.
The Subway sandwich restaurant chain said Thursday that it would remove an ingredient used in the production of foamed plastics such as yoga mats and rubber-soled shoes from its bread.
MERC receives only three EoIs -- from Tata Power, MahaVitaran and India Power Corp
MONTREAL - Canadian dairy processor and cheesemaker Saputo Inc. says its net profit increased nearly 11 per cent to $144.1 million in the third quarter of its fiscal year on a boost in revenues mainly... resulting from a large acquisition in the United States. The Montreal-based company said it earned 73 cents per diluted share for the period ended Dec. 31. That's up from 65 cents per share a year earlier when it earned $130 million. Revenues were $2.34 billion, up 30 per cent from $1.8 billion a year earlier. Saputo (TSX:SAP) was expected to earn 74 cents per share on $2.26 billion of revenue, according to analysts polled by Thomson Reuters. The company said its results benefited from higher selling prices and sales volumes in Canada and international locations outside the United States. The...
MONTREAL - Canadian dairy processor and cheesemaker Saputo figured it won a very public battle to acquire Australia's oldest dairy during a third trip Down Under by the company's chief executive... before the Christmas holidays. Lino Saputo Jr. said he sensed people were more receptive while efforts by rivals Bega Cheese and Murray Goulburn appeared to be stalling. "With Bega's less traction they tendered their shares to us and I think the writing was on the wall after that," Saputo said in an interview Thursday after releasing the company's third-quarter results. After a decade of pursuing Warrnambool, Saputo said it was successful because it was able to adapt to challenges and convince Australian dairy farmers, government officials and shareholders of its long-term intentions. "I think...
The retirement fund manager is up $22-billion year over year
All launches by Hero MotoCorp, Triumph, Hyosung, Honda, Suzuki, Mahindra, Bajaj Auto and Harley-Davidson are priced above Rs 150,000
The Yash Birla-Group company diverted Rs 214 cr into other group companies
Sinha, who took charge in 2011, will continue to head Sebi till 2016
With a blog post on Tuesday, A.T. & T. became the first major advertiser connected to the Olympic Games to take a strong stand against a Russian law passed last June that makes it illegal to... “propagandize” on matters related to “nontraditional sexual relations”—by discussing gay rights, for example—in venues where minors might be present. While A.T. & T. is not one of the main corporate sponsors for the Sochi Games, which begin Friday, it is a sponsor of the U.S. Olympic Committee. “We support L.G.B.T. equality globally and we condemn violence, discrimination and harassment targeted against L.G.B.T. individuals everywhere,” the blog post said. “Russia’s law is harmful to L.G.B.T. individuals and families, and it’s harmful to a diverse society.” That statement...
In Q3 last year, the profit was Rs 728 crore as against Rs 450 cr this year
Global information technology giant IBM's Indian subsidiary has filed a suit in the high court here, challenging an income tax demand of Rs 5,357 crore for assessment year 2009.The income tax... department on October 28 slapped a notice on the company, ...
Currently, there was no circuit filter on stocks, which are components of an index, traded in the F&O segment
Since the retail market in Canada is highly developed and competitive, it makes sense for Wal-Mart to leverage the strongest aspect of its business. The retailer offers its groceries at the lowest... prices in the market, and this non-discretionary product category is somewhat resilient to the weak economic environment.
The Bank of England has voted to freeze its main interest rate at a record-low level of 0.50 per cent.
General Motors has reported a modest increase in quarterly profits but badly missed analyst expectations.
Sanofi says its earnings soared in the fourth quarter as lower restructuring costs offset a hefty charge.
New claims for US unemployment insurance benefits fell back to the longer-term trendline last week.
Based on their labels, and even by the long histories detailed on their websites, you’d never know some seemingly independent, seemingly craft beers are owned by gigantic corporations. Thanks to... rounds of industry buyouts, combined with marketing that’s been declared by beer enthusiasts as misleading--or “crafty”--it’s sometimes difficult to tell which beer brands are truly the indie craft operations they present themselves to be. Here are a few examples: Blue Point. The company’s story began in Long Island more than ten years ago, when a pair of home-brewing enthusiasts decided to open a microbrewery--reportedly Long Island’s first. The timing coincided with the rapid expansion of craft brewing around the country, and eventually the Blue Point Brewing Company worked its way...
Fashion brands are discovering that the Indian customers are not particularly fashion conscious
The company saw overall revenue growth of 8.5% and earnings growth of 32%, primarily driven by the success of movies Frozen and Thor: The Dark World.Higher attendance and per capita guest spend at... theme parks and encouraging sales of Infinity further boosted Disney's revenue and operating income
Gov. Deval Patrick apologized Thursday to frustrated Massachusetts residents who have struggled to sign up for health coverage because of a problem-plagued state website and outlined a series of steps... aimed at correcting the glitches.
Cognizant on Wednesday announced a profit of $324.3 million, up 16.3% from the year-ago quarter.
Emerging market stocks had a difficult year in 2013. They're having a rougher year in 2014. The usual suspects are being blamed: rising interest rates, fears of a global economic slowdown, bubbling... real estate prices in parts of the world coupled with a looming bank crisis, political turmoil in some countries, and the list goes on. In the words of the late Yogi Berra, "It's déjà vu all over again."
While the bank's decision to hike dividends by 67% and its exceptionally strong balance sheet stand out in support of the boost in UBS's share value, a closer look at the results show that the bank... hasn't really seen much of an improvement on the operating front when compared to the previous quarter.
This despite a three-year delay in delivery of 787 Dreamliner planes by US plane maker Boeing
WASHINGTON (AP) -- The Senate was preparing Thursday to confirm longtime Sen. Max Baucus as ambassador to China, handing the job to a lawmaker who is familiar with U.S. trade policy but has little... expertise about military and other issues that have caused tensions in recent years with Beijing.
CONCORD, Calif. (AP) -- Officials at a Northern California private school are apologizing after a controversial lunch menu option to celebrate Black History Month.
Given this positive macro outlook, Delta with its ongoing revenue and cost initiatives will likely continue to post growth in its results in 2014. In our opinion, the carrier's passenger traffic will... rise this year, from the last year, driven by capacity expansion. The implementation of its Virgin Atlantic joint venture during the year will provide additional upside to its top line.
Twitter’s stock took a tumble Thursday after news the company’s user growth slowed last quarter, adding only 9 million new people in the last quarter of 2013. That’s the company’s slowest... growth period since 2010, while its biggest competitor, Facebook, already has five times Twitter’s user numbers and is continuing to grow consistently year-over-year. Why the drop-off in users? Twitter’s well-documented high barrier to entry is certainly a big reason for that. It’s just too difficult for some newbies to learn how to use the platform, pick accounts to follow and get the hang of the customs and inside jokes with which hardcore users are familiar. On Wednesday’s earnings call, Twitter CEO Dick Costolo acknowledged its difficulty problem and said the company’s working on...
Acquisition of a U.S. dairy producer also adds to bottom line
WASHINGTON (AP) -- House Speaker John Boehner said Thursday it will be difficult to pass immigration legislation this year, dimming prospects for one of President Barack Obama's top domestic... priorities.
NEW YORK, N.Y. - Twitter's stock is sinking on worries that the short online messaging service is not popular enough.
FIIs have invested Rs 3,277 cr ($532 mn) in Indian equity market till January 27, 2014: Prabhakar R Patil
WASHINGTON (AP) -- The House has approved a wide-ranging bill that speeds logging of trees burned in last year's massive Rim Fire in California. The measure also allows vehicular access to North... Carolina's Cape Hatteras National Seashore, extends livestock grazing permits on federal land in the West and lifts longstanding restrictions on canoes, rafts and other "hand-propelled" watercraft in Yellowstone and Grand Teton national parks.
A look at the steps taken by DGCA after its US counterpart's observations on Indian aviation
The head of the huge asset manager believes the recent market upheaval is due to hedge funds changing positions
Rep. Steve Stockman (R-TX) started out his campaign for Senate arguing that incumbent Sen. John Cornyn (R-TX) is actually a liberal. Now a Cornyn's campaign spokesman is using National Journal... rankings to peg his primary opponent as the "3rd least conservative" House member in Texas. Cornyn spokesman Drew Brandewie tweeted out facts about National Journal's 2013 House rankings as they apply to Stockman.
Labor is promising to secure an international container shipping service by the second half of the year if it retains government at next month's election.
A rare opportunity to buy within a protected area led to this contemporary beach home with views of the ocean.
It's crunch time for two Triangle biotechnology companies - Argos Therapeutics and NephroGenex - that are banking on raising tens of millions of dollars with initial public offerings of stock.
WASHINGTON (AP) -- House Speaker John Boehner promised Thursday that the GOP-controlled House won't miss a late-February deadline to increase the government's borrowing cap.
An overwhelming majority of Canadians believe income inequality has worsened in the past five years, making society "less fair," according to new research. The authors warn that the public's... perception of growing inequality could be undermining faith in government. The study from York University's Institute for Social Research found nearly eight in 10 Canadians -- 77.7 per cent -- believe inequality has worsened in recent years. Forty per cent say it has become "much" larger. The researchers were evidently surprised at how universal this opinion is. While there was some difference based on people's political beliefs, religion and region of the country, at least 70 per cent of any group agreed with this view. "There are few social or political issues in Canada where so many Canadians from...
Share tanks nearly 18% in after-hours trading as investors digested the company's first financial report since its IPO on November 7
HARTFORD, Conn. (AP) -- Gov. Dannel P. Malloy unveiled a revised budget Thursday that proposes a gas and sales tax refund to taxpayers, provides more funding for homeless veterans and puts Connecticut... on the path to providing universal pre-kindergarten; a legislative package that observers said positions the one-term Democrat for a re-election bid in November.
This piece comes to us courtesy of Stateline, where it was originally published. Training students in the skills that industry needs and expanding early childhood education could be the big winners in... education funding this year, if governors get their way. After years of state cuts to education, governors of both parties are presenting lawmakers with long wish lists for schools. "2014-15 looks like it's going to be a good year for education," said Mike Griffith, school finance consultant for the Education Commission of the States, a Denver-based education policy nonprofit organization. "Increases in sales and income tax revenue have really helped to boost state budgets." The question that remains, Griffith said, is where to spend new dollars -- on new programs, or to make up for past...
NEW YORK (AP) -- The New York Times Co. said Thursday its fourth-quarter net income tumbled 63 percent, hurt by comparisons with the same period a year earlier that saw a hefty one-time gain and an... extra week of revenue. The company's earnings still beat Wall Street predictions.
Hirai expanded his reorganisation after failing to meet a pledge to end TV losses this year and spur a revival
By William James LONDON
Total income of the bank has reported a 14% growth
There may come a day when theme park companies see a backlash among vacationers, who refuse to pay ever-high admissions prices. But that day hasn’t come yet. Late last spring, in what’s become an... annual event timed to coincide roughly with the end of the school year, the nation’s big theme parks hiked admissions prices. Universal Studios acted first, raising the price of a one-day adult ticket to $92 (“just” $86 for kids), and Disney soon followed, increasing a single day’s park admission from $89 up as high as $95 for adults. Those prices don’t include taxes; once they’re tacked on, entrance to Walt Disney World’s Magic Kingdom costs over $100 per adult, without factoring in parking, food, lodging, or any other costs. The price hikes have come to be expected, but that...
Gross NPA rises to 3.32% compared to 2.41% in the year ago period
DAVENPORT, Iowa (AP) -- Lee Enterprises says its fiscal first-quarter net income fell 18 percent as revenue slipped.
The political nonprofit group Tea Party Patriots told The Hill on Monday that it was launching a super PAC to target Republican incumbents. Problem is, the group actually launched the PAC, the Tea... Party Patriots Citizens Fund, a year ago. Jenny Beth Martin, head of both groups, told The Hill that the super PAC would focus on the 2014 Senate races in South Carolina, Kentucky and Mississippi. After the super PAC's 1.0 launch, it raised $6.4 million in 2013 and spent more than $5.3 million. The vast majority of that spending did not go toward supporting candidates or organizing the grassroots, but instead went into raising more money through direct mail, telemarketing and list rentals. Overall, the group spent $3.4 million on these fundraising activities and nothing on independent...
MONTREAL - The arctic cold that swept across North America last month froze pipes, caused equipment breakdowns and dramatically raised power use at Resolute Forest Products' facilities in Canada and... the southern U.S.
In this Age of Empowerment, a time when connective technologies such as Facebook, Twitter and Change.org enable consumers to hold companies increasingly accountable for their actions, companies need... to take bold steps to demonstrate their commitment to their communities. In recent days, three companies have done just that, taking big risks to be on the right side of topical issues. Coca-Cola's much heralded (and much attacked) "It's Beautiful" SuperBowl ad made a courageous statement about our nation's rich history as a melting pot. With a soundtrack of "America the Beautiful" sung in a variety of languages, the ad presented a series of short vignettes of a highly diverse group of Americans. The edgiest one, perhaps, showed two fathers holding hands as they skated with a young girl, and...
My father's drug store was the only pharmacy in our small North Carolina town when I was growing up. I worked there during the summers and after school from junior high throughout my college years.... The store was typical of independent pharmacies of the era -- soda fountain, toiletries, gifts, magazines and the like -- before huge chains shut most of them down. That's not bitterness, just the facts. A paradox I recall from my youth was the juxtaposition of a cigarette machine at the front of the store and medicine to treat smoking-related diseases housed at the rear. The pull-lever machine just inside the store's entrance sold smokes for 35 cents a pack when I was a kid. The store also sold lighters and cigars. It didn't make sense to me then and it doesn't make sense to me now to sell...
What was supposed to be a crowning moment for Russia and President Vladimir V. Putin is coinciding with a significant slowdown in Russia's economy.
A slump in growth and rampant retail inflation are forcing middle-class India to cut back on spending, switch to cheaper variants consumer products
Deutsche Bank head of Asia rates and currency research on the challenges ahead for emerging markets and what lies in store for the Indian rupee in 2014
Traditional recruiting loses something special: feedback. With few exceptions, external recruiters are an un-revered bunch. Among talented engineers they're known for cold emails and little patience.... Among hirers they're known for high fees and fly-by-night service. But these middlemen of hiring are also in a unique position to dramatically improve candidates' competitiveness. The problem is that neither external recruiters nor internal hiring managers are incentivized to do so. If you talk to hiring managers you'll hear that they wish there was a way to provide feedback to rejected job applicants. And when you talk with job applicants they would love to have coaching on how to improve their chances. Unfortunately, there is no moment in a traditional hiring process to provide this...
VANCOUVER - Civil liberties activists in B.C. have filed complaints against Canada's spy agency and the RCMP for allegedly snooping on opponents of the Northern Gateway pipeline. Josh Paterson with... the BC Civil Liberties Association alleges the spying activities include illegal searches of private information, and he says some of the details were shared with oil and energy companies and the National Energy Board. Paterson says it's illegal for police and spy agencies to gather information on the activist groups, as none of them pose any threat to public safety or energy board hearings. ForestEthics Advocacy is one of the groups that alleges it was spied on, and campaign director Ben West says speaking out about environmental issues is part of the democratic process. The allegations stem...
MONTREAL - The arctic cold that swept across North America last month froze pipes, caused equipment breakdowns and dramatically raised power use at Resolute Forest Products' facilities in Canada and... the southern U.S. Resolute chief executive Richard Garneau says temperatures plummeted in some locations to -50C, conditions he hasn't seen during his long career in the forestry sector. "Normally you see it in the boreal forest, but you have to go pretty far north. But we saw that in Thunder Bay and also in northern Quebec, so it's pretty difficult to operate under these very cold conditions," he said Thursday in an interview. Garneau, who spoke after Montreal-based Resolute (TSX:RFP) released its fourth-quarter and 2013 results, said production at a mill was affected because it couldn't...
Europe's carbon-permit trading system remains a global model. But prices are too low to create incentives for adopting cleaner energy sources.
A new analysis of Chinese media suggests the country is becoming more hostile to democratic ideas, despite hopes that recently announced reforms indicated a path towards greater openness and... progress. Over the last year, Chinese media — consisting of state-run outlets and independent outlets monitored by the government — have increased attacks on democratic concepts, according to an analysis by Qian Gang at the China Media Project. Meanwhile these outlets have started using more party propaganda language, that analysis found. The trend indicates an intensifying anti-reformist political climate and suggests there may be increased censorship and editorial intervention by the Communist Party. To perform the analysis, Gang used the Chinese search engine Baidu to graph the presence of key...
ATLANTA (AP) -- A little more than a week after snow trapped commuters in cars and children on school buses in metro Atlanta, state officials say they overreacted to information from federal... forecasters and posted incorrect information on giant message boards over freeways, warning drivers of a new storm watch.
The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labour market outlook and the broader economy.
Does a public union belong in the most private of workplaces? Thousands of personal care workers in Illinois who tend to elders and people with disabilities at home wouldn't have it any other way. For... years, they've relied on the Service Employees International Union (SEIU) to negotiate their contracts. But a radical anti-union movement has gone to the Supreme Court to challenge care providers' right to organize -- putting hard-won labor gains in serious danger. The case now before the court, Harris v. Quinn, started with a class-action lawsuit filed in 2010 by several care providers in a state Medicaid-financed program for people with disabilities. The plaintiffs argue that their automatic incorporation into a public sector union -- with the requirement to pay dues -- violates their free...
The home carbonation market is getting more competitive, but two players aren't too many.
Human Rights Watch has a disturbing report on America's little-known offender-funded probation industry. That report claims a destitute Georgia man was hounded relentlessly by a for-profit company... after his arrest for stealing a $2 can of beer. Thomas Barrett pleaded guilty to his April 2012 beer theft in an Augusta, Ga. court, and he was given 12 months probation and ordered to pay a $200 fine. Barrett was also ordered to wear an alcohol monitoring bracelet, a service provided by Sentinel Offender Services LLC. That Augusta court, like more than 1,000 other courts throughout the United States, uses an offender-funded model of privatized probation. This privatized model provides little government oversight over probation and can burden low-level offenders — many of whom don't have a lot...
The volume of messages you receive is ever-expanding. Your time is not.
In choosing the academic life, most teachers expect to be part of a community committed to freedom, fairness, and justice. It's the rare academic who does not take pride in belonging to an honorable... profession. I was a young college president during the turmoil of the '60s and early '70. Within a few years, students, faculty, and administrators at virtually all our institutions of higher learning were serving on committees charged with aligning institutional policy with emergent values of racial diversity and gender equality. By century's end, most colleges and universities had taken steps to disallow discrimination based on race, gender, age, disability, and sexual orientation. Once again, we find ourselves in a moral predicament. In educational institutions of every kind, adjunct faculty...
Klout, a startup that measures social influence, has spent the past year trying to turn its initial buzz into a lasting business. Now, after four months of testing, it thinks it has found a solution.... Today Klout is launching a platform that lets users dictate their level of influence for the first time. When Klout launched, it stirred up controversy because it told people how influential they were or weren't based on a score of 1 to 100. It also told them which topics they were most influential on. Klout didn't offer a lot of insight into how scores were calculated. "The question I get asked most frequently is, 'How do I increase my Klout score?'" founder and CEO Joe Fernandez tells Business Insider. The new platform helps answer that question, and it looks a lot like a social news reader....
Fox News has signed Democratic strategist James Carville to be a contributor, the network announced Thursday. The network said that Carville will appear on "various programming offering political... commentary on the news of the day." "James’ successful and storied career in politics over several decades is an enormous asset to Fox News," Bill Shine, Fox News' executive vice president of programming, said in a statement. "We are privileged to have him lend his breadth of experience, wit and dynamic perspective on the network." Carville's contract at CNN was not renewed last year after a long stint with the network. Carville was a co-host of the first incarnation of "Crossfire," from 2002 until its cancellation in 2005. Carville is perhaps best known for his role on the 1992 campaign of...
Most of us have Facebook friends who feel the need to constantly post pointless statuses about their day. You could simply block these people, but they might be a friend or family member you don't... want to offend. Fortunately, Facebook has a way for you to hide people without unfriending them. Here's how. Go to your Facebook. Find an update you don't want to see on your News Feed. Scroll the cursor over to the right to see this drop-down menu. Click "I don't want to see this" to make sure the status doesn't keep appearing on your News Feed and then click "Unfollow" so that person won't pop up on your feed ever again. Now, go the chat section of Facebook. At the bottom of the screen, click the options icon and go to advanced settings. This menu should appear. Go to "Turn Off Chat For Only...
The Boston Athletic Association has launched an app that allows runners around the world to be a part of the 2014 Boston Marathon experience.
House Speaker John Boehner said Thursday it will be difficult to pass immigration legislation this year, dimming prospects for one of President Barack Obama's top domestic priorities.
House Speaker John Boehner promises that the GOP-controlled House won't miss a late-February deadline to increase the government's borrowing cap.
Here are Nibletz, where it’s our job to know what’s going on, we spend a lot of time reading. A lot. We hit all the normal spots, just like you do. Fred Wilson, Brad Feld, and the Andreesen... Horowitz crew are all in our feed readers. But, we’ve also found some fantastic VC and founder […]
At the InContext Conference in San Francisco yesterday, Mozilla and EverythingMe announced an Android phone launcher that could, among everything, turn your phone into a sushi phone. Now that doesn't... mean you can eat your phone. But let's say you're in a new city. And let's say you want to find where the closest sushi restaurant is. With the Firefox Launcher, the answers could be at the tip of your fingers, before you even decide to ask. "We’re working together to deliver the best mobile Web experience to people everywhere — regardless of location, platform or device," Mozilla said in a blog post. "We are happy to expand our work together with this new product to give people more smart, easy and innovative ways to personalize their Web experience and meet their needs in any context."...
They are calling for a boycott of IRS after some really awry results in its latest report. Is there more to these anomalies than just faulty data?
"There was a trigger that I ignored and I'm not really sure what that trigger was. I guess maybe boredom," shared a focus group participant. She'd been a senior marketing guru in a company for 11... years. She was one of a dozen women who I pulled together one evening to talk about women's transitions. Ever had one? She told us that she had run a complex multi-year project. You couldn't miss her excitement and enthusiasm as she talked about it. When the project ended ,she went back to doing what she had always done. In hindsight, this was her mistake. She ignored her instincts about moving on at that point. Complacency overtook her desire to reach, to meet new people and to explore new opportunities. The missed signals weren't from her boss or employer. They were her own. Her own voice. She...
WASHINGTON (AP) -- Fears of an economic slowdown are heightening anticipation of what Friday's U.S. jobs report for January might reveal.
Prominent Canadian law firm never made a big impact on corporate side
BERLIN (AP) -- The treasurer for German Chancellor Angela Merkel's party says he is resigning his position amid questions over money he kept abroad.
The North Korean war machine has become slightly more intimidating. A report released Tuesday claims that North Korea has modified Chinese trucks into mobile intercontinental ballistic missile... platforms. Jeffrey Lewis, Melissa Hanham and Amber Lee at the James Martin Center for Nonproliferation Studies claimed in an article on the website 38 North: North Korea paraded what appeared to be six road-mobile missiles, quickly identified in the media as KN-08 intercontinental ballistic missiles (ICBM), through Kim Il Sung Square in Pyongyang. Attention immediately focused on these unusual vehicles, after Chinese bloggers identified them as Chinese-manufactured transporter-erector-launchers (TELs) used by Beijing’s strategic missile forces. China claims that it was unaware that its trucks would...
While consumer mobile apps get tons of buzz, there is also a mobile-first megatrend in the enterprise space. And one company that is leading the charge is GetFeedback. It certainly helps that the... founders are former executives at Salesforce.com.
Ghana defends its decision to limit foreign exchange withdrawals in a bid to halt the slide in its currency the cedi.
... and, perhaps, about the rest of social media, too: "Mobile company" is not an oxymoron.
... and, perhaps, about the rest of social media, too: "Mobile company" is not an oxymoron.
The Obama administration is considering an extension of the president's decision to let people keep their individual insurance policies even if they are not compliant with the health care overhaul....
Apple has removed another Bitcoin application from the App Store. Blockchain, a Bitcoin wallet, says that Apple evicted it "due to an unresolved issue." The founder of Blockchain told Wired, "I... think that Apple is positioning itself to take on mobile payments in a way they haven’t described to the public and they’re being anti-competitive." This doesn't make much sense, really. If Apple was anti-mobile payments it would ban PayPal, Square, and all the apps of banking companies. So, what is the real reason Apple is banning Bitcoin wallets? It's because Bitcoin remains a murky proposition from a legal perspective. In December Apple removed apps that were using Bitcoin for transactions. At the time, Bitcoin startup Gliph wrote a long post about Apple and Bitcoin. In that post, it...
NEW ORLEANS (AP) -- Mayor Ray Nagin has taken the stand in his federal corruption trial.
Encouraging news about the job market and strong earnings from Disney helped drive U.S. stocks sharply higher in afternoon trading Thursday. The market was rebounding a day after posting small losses....
TORONTO – Typo Products says BlackBerry is trying to hold a monopoly over smartphone...
TransCanada Corp.'s Energy East project will boost greenhouse gas emissions by 32 million tonnes a year, says the Pembina Institute
American business has long led the way in high tech density or the proportion of businesses that engage in activities such as Internet software and services, hardware and semiconductors. The US is... fertile ground for tech start-ups with access to capital and a culture that celebrates risk taking. Other countries have made their mark on the world stage, competing to be prominent tech and innovation hubs. Israel has been lauded as a start-up nation with several hundred companies getting funded by venture capital each year. A number of these companies are now being acquired by the likes of Apple, Facebook and Google. Finland and Sweden have attracted notice by bringing us Angry Birds and Spotify among others. But a new start-up powerhouse is on the horizon – South Korea.
Las Vegas is a lot of fun. But every part of the Vegas Strip is designed to confuse tourists into parting with their cash. The casinos have no windows or clocks, they're designed like mazes so you... can't find the exits, and it's difficult to get from one venue to the next without taking a taxi. Even crossing the street sometimes requires a half-mile walk to and from a pedestrian bridge. Go straight to the photo gallery > In short, The Strip can make you feel stupid for being there, like you're a sheep getting shorn by the casino resorts. Zappos' CEO Tony Hsieh has created an inspiring shopping and dining experience in Downtown Las Vegas — six miles form The Strip that most tourists stay on — and it's the complete opposite of The Strip. It's small-scale, walkable, neighborhood-y and...
More lenders are introducing fees on checking accounts, just as consumers and business are pouring record amounts into the most basic of banking services.
Dozens of tribes around the world have managed to survive outside of the modern world, though their existence is perpetually at risk. British photographer Jimmy Nelson tried to record them as they... exist today, traveling to thirty one tribes from 2009 to 2012. “My dream had always been to preserve our world’s tribes through my photography,” Nelson told Business Insider. "Their lifestyle is one of much more purity and beauty than ‘ours.’ It is free of corruption and greed. I want the tribes to be proud of their authenticity and defend it in order to preserve it.” Nelson shared photos of some tribes, from the Tsaatan people of northern Mongolia to the Maasai people of Kenya. For the rest, check out his Web site and his book, "Before They Pass Away." When Nelson first made contact...
The Obama administration is considering an extension of the president's decision to let people keep their individual insurance policies even if they are not compliant with the health care overhaul.
It’s no secret that China’s domestic consumption is rising rapidly. Chinese consumers are buying more of everything (from apparel and white goods to luxury items and home ware) and as they buy... more, from more channels, including online, at single brand stores and from large specialty chains, domestic and foreign owned companies have to re-asses their supply chain infrastructure in China for both selling and making goods
Groundwater levels declined significantly across Nebraska after the 2012 drought when farmers and cities pumped more water and less rain fell.
CVS has finally realized that an aging generation is taking more drugs and smoking fewer cigarettes so the big money is with Big Pharma, not Big Tobacco, writes Al Lewis.
Google promises to make "significant" changes to how rivals appear in search results in an attempt to avoid a multi-billion euro fine.
Obamacare's narrow networks might be about to get a little bit wider. In a letter to health plans, the Centers for Medicare and Medicaid Services has proposed new rules that would more aggressively... regulate the number and type of health care providers that insurance plans include in their networks.
The Canadian Association of Petroleum Producers seems to be everywhere these days, selling the idea that the rapid development of the tar sands without federal emissions regulations constitutes a... "balanced" approach. The group represents big oil companies operating in Canada, so there's no shortage of money to spend to try and shape the debate about Canada's energy and environmental policies.
I believe that 2014 will mark the third time in the last six years that the January Barometer effect will be proven wrong.
Federal regulators are investigating for-profit college chain Corinthian Colleges Inc. for falsifying job-placement rates, adding to at least a dozen other state and federal investigations into the... company's business practices, Corinthian disclosed in an earnings statement Wednesday.
The elegant 500-year-old British sport of cricket is one of the most popular athletic endeavors in the world - that is, outside of the United States. With hundreds of millions of fanatical followers... in the former British Commonwealth nations spanning the globe, the gentleman's game has yet to capture the imagination of Americans.
There have been reports out of Sochi that the Russian government hired a company to kill all of the stray dogs ahead of the Olympics. While journalists have seen dead dogs laying in the streets, some... of the strays are still around, and one wandered on to the cross country skiing course and started barking at the athletes (video via Sport Express): Join the conversation about this story »
PowerGrid likely to be dropped from the proposed government ETF
Bleaching agent used in Subway sandwiches in Canada and the U.S., but not Europe or Australia.
FIIs have sold shares to the tune of about Rs 4,400 cr over the previous seven sessions
Investors, particularly those focused on tech, tend to have a lot of misconceptions about consumer products in general. They assume profit margins are low, pay back is slow and growth is stagnant.... Those assumptions could not be more flawed, especially with respect to the personal care industry, which is overflowing with great investment opportunities at the moment. Why personal care and why now? A few factors have converged to make it easier than ever for companies—even small or new companies—to establish themselves in the space and build a loyal following. The five key factors currently making personal care an attractive investment space are outlined below:
In a first after becoming the chairman of Tata Group over a year ago, Cyrus Mistry is taking on an operational role in a group company.
While wage arrears and higher costs impacted profits, analysts expect earnings to grow 15%
With the anticipated release of “Star Wars: Episode VII,” StarWars.com released part of a classic interview with George Lucas. In it, Lucas recounts how his “space opera” was a tough sell... with United Artists and Universal turning him down. When 20th Century Fox finally said yes, it wasn’t because the studio believed “Star Wars” could be a hit, but rather because the company loved Lucas’ previous film “American Graffiti.” Lucas remembers a 20th Century Fox head telling him, "I don't understand this, but I loved ‘American Graffiti,’ and what ever you do is okay with me.” Lucas continued that if it wasn’t for Fox, he doesn’t think the pop culture phenomena would have been made. “It was crazy — spaceships, and wookies, and robots. It was just...
Native apps are those built expressly for a single mobile operating system, and made available through proprietary app stores. They dominate mobile usage, account for the lion's share of developer... revenue, and perhaps not surprisingly, spark the most interest among those same developers. In contrast, HTML5, the newest cross-platform version of the Web's publishing language, allows developers to create mobile Web apps that exist online and can be accessed and used from any kind of phone or tablet. And, despite getting scant attention, HTML5 has become the third-most widely used mobile development platform, after iOS and Android. In a recent report from BI Intelligence, we explain why in the long run we believe mobile Web apps will carve out an influential role in mobile, and...
Speaker John Boehner on Thursday all but ruled out passage of immigration legislation before this fall's elections, saying it would be difficult for the Republican-led House to act on the…
Interview with CMD, PowerGrid Corporation of India
TORONTO - Typo Products says BlackBerry is trying to hold a monopoly over smartphone keyboards, and that it shouldn't have to take its new iPhone case off the market. The Los Angeles-based company,... co-founded by "American Idol'' host Ryan Seacrest, filed documents Wednesday in a California court defending itself against a patent infringement lawsuit. BlackBerry (TSX:BB) accuses Typo of copying its keyboard design in an effort to capitalize on the smartphone maker's "commercial recognition and goodwill.'' The company is seeking numerous rulings, including damages from Typo, all of Typo's profits and a stop to future sales of the keyboard technology. The suit was filed in January and none of the allegations have been tested in court. Typo disputes the claims made by BlackBerry, saying...
Mineral Resources Minister, Susan Shabangu has called for a probe into the death of miners at Harmony Gold's Doornkop mine, west of Johannesburg.
Currently, most PSB stocks are trading at a discount of 40-60% to their 52-week highs
The defence industry hasn't lived up to promises to invest in Canada's economy, and essentially owes the country nearly $6 billion, Public Works Minister Diane Finley said Wednesday -- before running... away from cameras with a cabinet colleague. Finley and Defence Minister Rob Nicholson appeared at an event at Ottawa's Chateau Laurier to announce changes to the federal government's military procurement policy. The changes -- which the CBC describes as being "small and incremental" -- are intended to make the process of handing out defence contracts more accountable. Among the things the changes are intended to address is the problem of defence contractors not living up to their obligations to invest in Canada. Defence contractors are required to spend as much in Canada as their contracts are...
Higher volumes came on the back of improving market share in private ports, rebates and higher exports
Over the past few months, the enterprise tech market has seen its share of successful IPOs and billion-dollar valuations. People have suddenly decided that enterprise software is "sexy." The Harvard... Business Review boldly proclaimed "data scientist" to be the sexiest job of the 21st century. Although Box CEO Aaron Levie and others have been calling enterprise tech sexy for years, it’s great to see these founders and startups get some much-deserved recognition. That's because, as New York enterprise startup founder Ben Sesser notes, "It's damn hard to build an enterprise startup." In New York City alone this past year, we’ve seen the government launch a B2B accelerator, the New York Enterprise Tech Meetup doubling to over 2,500 members, and MongoDB raising an enormous $150 million...
Balanced in the true sense
The spot month contract for light sweet crude was $98.16 per barrel at 12 p.m. Thursday on the New York Mercantile Exchange.
The NASCAR Sprint Cup race at Texas is going to the ducks this spring.
The amount payable to FTIL by both companies together is about Rs 27 crore a year per company
Brokers with no say in board or management may be allowed to trade
Pope Francis was presented with a life-size chocolate statue of himself on Wednesday from 20 amateur chocolatiers, according to The Daily Mail. Here is a photo of Pope Francis marveling at the statue,... via The Associated Press: Here's a better look at the statue itself. It was made of 1.5 tons of cocoa from Atitlan, in Guatemala: Join the conversation about this story »
Timely sowing, new and more weather-resistant varieties, with timely rain, have triggered hopes for a higher crop and larger procurement
The correctional services department says it will study a judgment forcing it to abide by an earlier ruling on employment equity before planning its next step.
Restrictive policies by state and central governments, curbs on import of rough granite blocks affecting the industry
Stocks are sharply higher on Wall Street as investors reacted to encouraging news on unemployment gains and a strong earnings report from Disney.
Currently, traders are demanding Indian pellets at $140 a tonne at ports
The world is totally different in slow motion. Huffington Post's Sara Boboltz compiled a collection of gifs of animals doing stuff in slow motion. One we found particularly horrifying was of this... crocodile breaching the water to grab a piece of raw meat. It comes from this YouTube video. The action really gets crazy at the 0:20 mark: Join the conversation about this story »
Large food companies are trying to head off state efforts to enact mandatory labeling of genetically modified ingredients by proposing new voluntary labels nationwide.
Though lackluster movie releases contribute to a nearly 50 percent drop in profit, improvements in other divisions of the company bolster revenue.
The key is a question-centric culture.
We're covering the stock market live on Thursday.
The in-app mobile video advertising startup Vungle announced Thursday that it received $17 million in Series B funding. The round was led by Thomvest Ventures, with participation from existing... investors Crosslink Capital, Google Ventures, AOL Ventures, SoftTech VC, and Webb Investment Network. If you're not familiar with Vungle, the company gives app developers tools for creating mobile video ads to run in other people's apps, and helps the developers make money by creating inventory for Vungle video ads to run inside their own apps. According to the company's website, 100 million people see a Vungle ad each month. What's particularly interesting about Vungle is that it's currently in the process of building an in-app mobile video advertising exchange, which will allow demand-side buyers...
Records obtained by TPM show George Washington Bridge traffic was a major factor in recent years as local officials and developers discussed a billion-dollar real estate project in Fort Lee, N.J. In... recent weeks, some have wondered whether the project was somehow linked to lane closures on the bridge in September, which snarled traffic for days in Fort Lee and have sparked multiple investigations into the administration of New Jersey Gov. Chris Christie (R).
An index of 55 food items dropped to 203.4 points last month from 206.2 in December
NEW YORK (AP) -- Kellogg's cereals keep getting pushed aside at the breakfast table.
For everyone from politicians to pundits to late-night comics, this week's Congressional Budget Office report on the long-term impact of the Affordable Care Act on the American workforce proved even... better than a Caribbean vacation at enlivening the mid-winter doldrums. Fueled by new ammunition and fulminating with righteous indignation, the usual suspects had a field day in reacting to the latest estimate that health insurance subsidies will lead to declining labor force participation. With Republicans gloating that Obamacare will cost millions of jobs and Democrats protesting that the reduction in work hours will be voluntary, righteous indignation abounds on all sides. "People should be chained by the need for health insurance to jobs they hate -- that's what built this country!"...
The number of non-academic administrative and professional employees at U.S. colleges and universities has more than doubled in the last 25 years, vastly outpacing the growth in the number of students... or faculty, according to an analysis of federal figures. The disproportionate increase in the number of university staffers who neither teach nor conduct research has continued unabated in more recent years, and slowed only slightly since the start of the economic downturn, during which time colleges and universities have contended that a dearth of resources forced them to sharply raise tuition. In all, from 1987 until 2011-12--the most recent academic year for which comparable figures are available--universities and colleges collectively added 517,636 administrators and professional...
You won't have to dig too deep into January's jobs report to ferret out the most important number when the data is released Friday. In fact, I basically just told you what it is. This month, it's all... about how many jobs were created. Seems sort of obvious, except for the fact that the government's numbers on hiring and unemployment have been acting in odd ways lately. December was particularly weird. The economy created only 74,000 jobs that month -- less than half the average pace of job growth during the rest of the year. Meanwhile, the unemployment rate dropped from 7 percent to 6.7 percent -- but much of that was due to people leaving the labor force rather than finding work.
Those of us who advocate for greater sustainability in business rail against the fact that financial markets don't take into account externalities -- impacts to people and planet. The metrics and... values by which we construct business success comprise what we believe to be a false narrative of the world, which means serious risks to the world's most vulnerable communities. On the other hand, market fundamentalists believe that free markets are the ultimate solution. Where is the truth? Is there anything we can learn from how other disciplines find truth? Last week, I attended a panel entitled "Truth Be Told: Separating Fact from Fiction" at Baruch College that provided some food for thought. Noble Laureate and director of the National Cancer Institute Harold Varmus talked about the...
North Carolina business recruiters assembled the largest package of tax breaks and other sweeteners in state history in a failed bid to land as many as 7,250 Boeing aircraft manufacturing jobs.
Soon you may be able to edit the generally lame and embarrassing "Look Back" videos that Facebook rolled out for its 10th anniversary. Hopefully, this will make them all less awful. On the support... page for "A Look Back," there is an explanation of how to edit your movie and a mention of an "Edit Your Movie" button that doesn't exist yet. "How can I edit my movie?" asks the support page. "Click Edit Your Movie below the video player. Use the checkmarks on your photos and other stories to adjust whether they appear in your movie." Facebook told TechCrunch that the edit feature is coming "soon." Right now, Facebook's algorithm just chooses from your top posts over the years and turns them into a 62-second slideshow over music. If you're unhappy with the photos and status updates that Facebook...
2013 was a year of big success-and hard lessons--for Dwolla founder Ben Milne.
Many companies now are hopping on the "made-in-America" bandwagon. But David MacNeil is driving the thing. He has been nothing short of messianic about manufacturing his company's WeatherTech... high-quality automotive floor liners in the good ol' U.S. of A. and telling other companies they should adopt his philosophy.
The index gains 0.25%
Last month, I finally booked myself a weekend behind the wheel of the the Chevrolet Corvette Stingray, fully loaded with Z51 performance package and painted a dazzling bright yellow. With a base price... of $53,800 (including the Z51) and loaded up with just about every feature available, my ride came with a $71,960 sticker. I had planned several non-driving activities for that weekend, which I regretted as soon as I climbed into the Stingray (this requires the same muscles you use to get into a crawl space). Simply put, I've never had more fun in a car. The Stingray is hugely powerful. Frills are limited, everything is designed to keep you focused on the road. And people absolutely love it. Even in January, I kept the window down, because so many people caught me at red lights and wanted to...
The stock, which debuted at $26 in November, hit a low of $50 in early trading
Tata Sons Chairman Cyrus P. Mistry will chair the committee, which will comprise all the current members of the company's executive committee, the company said in a statement on Thursday.
People who want to know more about genetically modified ingredients in their food would be able to get it on some packages, but not others, under a plan the industry…
One of the big advertising trends leading up to this year's Super Bowl was the increase in the number of brands releasing their Super Bowl ads online prior to the big game. The strategy works because... it allows brands to get their messages to the public before consumers are bombarded with a ton of pitches Super Bowl Sunday, and it extends the time period during which people will talk about their ad campaigns. New research from the online marketing company Kontera, however, suggests that there is also some value left in waiting for the game to share your message with everyone at the same time. The company tracked online consumption, which it defines as the frequency people see a given brand online, before and after the Super Bowl, and found that late releasers Chrysler and Coca-Cola enjoyed...
It was only a matter of time before a Russian official said something about western journos and their portrayal of Sochi hotel rooms — but no one could guess that it would be such a foot-in-mouth... moment. Responding to the western campaign of "deliberate sabotage" in the media, Paul Sonne of WSJ reports, Russian deputy prime minister Dmitry Kozak said, "We have surveillance video from the hotels that shows people turn on the shower, direct the nozzle at the wall and then leave the room for the whole day." Then an aide whisked Kozak away before he could answer any follow-up questions, Sonne reports. Business Insider contributor and former NSA operative John Schindler has some counter-surveillance advice for Sochi's shower users: How is FSB watching you in your hotel bathroom? Shut door &...
Buffalo Bills coach Doug Marrone has drawn on his Syracuse connections once again by hiring Rob Moore to take over as receivers coach.
If top shelf liquor is what it takes to expand Medicaid in Virginia, then everyone wins, right?
KKR is an existing investor in group company Avantha Power Infrastructure Ltd . Other group companies include Crompton Greaves Ltd and Ballarpur Industries Ltd .
Globe business reporter Jacqueline Nelson breaks down Twitter's latest quarterly numbers and looks at the company's strengths and weaknesses
Russia's Evgeni Plushenko made a triumphant return to the world figure skating stage on Thursday, delivering a fantastic routine in the men's portion of the team competition. Plushenko is... 31-years-old. Since winning the 2012 European championships, he has been sidelined with multiple back injuries. According to the New York Times, he has only competed at a small event in Latvia and the Russian national championships in the last two years, where he finished second to an 18-year-old. Plushenko was given Russia's lone Olympic spot anyway, largely because of his legendary status. Amid the doubters, he dropped a score of 91.39 to give Russia an early lead in the team event (they're currently in second-place behind Japan). He even beat out Canada's Patrick Chan, the best skater in the world. The...
"As far as BHEL divestment is concerned we are not going to have any offering in the public... We may follow the pattern of ONGC and OIL India buying into Indian Oil. If that is possible, we may... consider it," Patel told PTI at a CII-ACMA event.
Shares of Canadian Solar Inc. rise Thursday on news the solar-panel manufacturer has agreed to sell an Ontario power plant to a BlackRock Inc. fund, a fourth solar project bought by the money-managing... company.
Bloggers possess significant First Amendment protections against "prior restraint" through injunctions. A Florida Court of Appeals reversed an injunction against "... defamatory blogs in the future"... in a lawsuit involving a blogging former tenant and a commercial landlord (Chevaldina v. R.K./FL Management, Inc.). The landlord obtained the name of the anonymous blogger in court ordered discovery from an Internet service provider. The landlord then sued the blogger alleging defamation per se, libel, tortious interference with contractual relationships, tortious interference with advantageous business relationships, invasion of privacy, trespass, civil conspiracy, and additionally sought an injunction. A second lawsuit alleged copyright infringement from the blogger's use of a published...
Sen. Tom Coburn (R-OK), who announced in January his decision to retire at the end of the current session of Congress, plans to devote some of his time out of public office pushing for a... constitutional convention so states can ratify an amendment that would limit the scope of the federal government. "I'm going to be involved with the Convention of States. I'm going to try to motivate so that that happens. I think that's the only answer," he told the Huffington Post. "I'm just going to go around and talk about why it's needed, and try to convince state legislatures to do it."
Tech companies didn't push real estate prices higher. They were drawn to already expensive places, a Trulia study says.
Several schools in the Charleston, W.Va. area have dismissed students amid ongoing concerns over water quality, nearly a month after a massive chemical spill in the Elk River. Students at Riverside... High School in Belle were sent home early on Wednesday, according to the Wall Street Journal. Several students reported burning sensations in their noses and eyes and two people were sent to a local hospital, including one teacher who fainted. A nearby elementary school was also closed early on Wednesday. Students' reported symptoms are consistent with exposure to 4-Methylcyclohexanemethanol, or MCHM, which was released in the Jan. 9 spill and contaminated the drinking water for about 300,000 residents for over a week. The chemical, which is used to process coal, has a strong licorice-like...
Unlike other video games straddling the line between entertainment and political commentary, Ubisoft's Watch Dogs has managed to reach beyond the typical gamer audience with a focus on NSA-style... hacking and spying.
Green Mountain shares soar on deal with Coca-Cola
The environment ministry has finalised its report on 61 non-performing coal blocks. CNBC-TV18 learns that as many as 20 coal blocks could face the axe.
Even though stocks continued lower on Wednesday, there seemed to be less selling pressure as the market internals were not as negative as they had been earlier in the week. European markets are... showing nice gains early Thursday, and if the gains hold into close of trading, it could be an early sign of a stronger rally. The US markets are nervously awaiting the jobs report on Friday and a better-than-expected number could cause some short covering. On the other hand, a weaker-than-expected number will increase the growing skepticism over the US economic recovery. As noted on Tuesday, the weekly and daily charts show that prices are already approaching more important support. There were some extreme oversold readings from the short-term indicators Monday as the Arms Index (TRIN) closed at...
Vehicle-to-vehicle technology (V to V) is being tested by Ford which becomes the first major American carmaker to try and get cars and trucks to "talk" to each other. Transportation Secretary, Anthony... Foxx recently announced a favorable attitude to the development of V to V, which is the next step in car communication before we see truly autonomous cars which can "drive themselves" as a regular feature on roadways. We're already seeing the beginnings of V to V in cars which use advanced radar systems to sense, for instance, when a car in front of ours is rapidly stopping or "see" something behind us while we're backing and automatically apply our car's brakes. V to V makes a jump over these systems and allows vehicles to recognize each other on the road, at speed, and make predictions...
U.S. stocks rose sharply in morning trading Thursday as investors cheered new unemployment data and strong earnings from Disney. The market was rebounding a day after posting small losses.
Rep. Cathy McMorris Rodgers (R-Wash.) could face an ethics investigation over allegations that she illegally combined funds during her 2012 House race, Politico reported Thursday. According to the... report, the Office of Congressional Ethics is recommending a probe, and the House Ethics Committee could announce as early as Thursday its timing on deciding whether or not to carry out the recommendation. McMorris Rodgers has denied any wrongdoing and cooperated with OCE's movement on the claim, Politico added. "As has become an unfortunate rite of passage for many Members of Congress, the OCE regularly refers matters to the House Ethics Committee for further review," McMorris Rodgers' attorney Elliot Berke said in a statement obtained by Politico. "Such reviews are virtually automatic, and as...
merging-market currencies from South Africa’s rand to Turkey’s lira are set to rebound as market volatility decreases.
(Kitco News) - The European Central Bank will remain alert to risks of a prolonged period of low inflation but there is not enough evidence to loosen its monetary policy, said ECB President Mario... Draghi Thursday.
It's not often in Washington that you see wealthy, conservative investor types and their lawyers sitting down with professional affordable housing advocates. But on Wednesday morning, consumer... crusader Ralph Nader -- now stooped and gray, nearing his 80th birthday -- brought them together.
The number of people who applied to receive unemployment benefits in the last week of January fell by 20,000, reversing the increase from the week before and signaling that the U.S. labor market... continues to gradually improve. Initial jobless claims fell to a seasonally adjusted 331,000 in the seven-days ended Feb. 1 from a revised 351,000 in the prior week.
It's a challenge to be a true youth brand today
And so, with this latest decision by the U.S. Federal Reserve to pare down monthly asset purchases by another 10 billion dollars the tenure of chairman Ben Bernanke is finally over. After 8 tumultuous... years the baton now passes to Janet Yellen. Outwardly at least, the transition will be seamless. As vice-chair of the Board of Governors, Janet Yellen has participated and voted for all Open Market Committee decisions in recent years. Recent Fed statements likely also reflect many of her views about the state of the economy and the preferred courses of action. Superficially, Janet Yellen's background is remarkably similar to Bernanke's. Each holds a PhD from a prestigious Ivy League university. Both spent most of their early careers in academia, rising to the top echelons of their profession....
Firm confirms core group of lawyers from Toronto, Calgary offices working on deal with U.S. firm DLA Piper
This post is in partnership with 24/7 Wall Street. The article below was originally published on 247wallst.com. Cars, smartphones, jewelry and cash are among the many valuable items most people expect... thieves to target. As a result, Americans take precautions to keep such possessions safe. Not many, however, would think to lock up their Nutella, pregnancy tests or Tide laundry detergent. Yet, these everyday, ordinary household products are among the most commonly stolen goods. Some stolen items seem unusual because their value is not easily visible. For example, thieves steal catalytic converters for the platinum. Frank Scafidi of the National Insurance Crime Bureau (NICB) gave the example of manhole covers, as well as a variety of other metal objects, that are often stolen to be resold as...
After nearly two decades of study, the Food and Drug Administration proposed rules Thursday designed to make sure that infant formula is safe and nutritious.
A real estate fund has acquired the Burt's Bees warehouse in Morrisville for $26.85 million, according to property records.
AOL chief executive Tim Armstrong has an explanation for why his company pulled back its 401(k) benefits for employees this year: Obamacare. Starting this year, AOL will distribute its 401(k) match... after the end of the year in a lump sum, as first reported by the Washington Post. The benefit is only available to employees who are still active on Dec. 31.
There's no guarantees, but the economy and stocks should do well in 2014.
When power plants burn coal, they leave behind plenty of waste. Each year, coal plants across the United States produce more than 100 million tons of "coal ash," which can contain toxic elements and... is either recycled or stored in landfills and ponds. And, every now and again, these storage sites can leak or spill.
(Reuters) - AOL Inc on Thursday reported a better-than-expected 13 percent rise in quarterly revenue, helped by higher ad sales and cited its best growth in a decade.
NUM, Alternative Mining Indaba protest against treatment of workers, lack of transparency, with NUM march cut short
Independent directors' appointment norms need an overhaul
Money expert Martin Lewis and industry representative Leonie Greene discuss whether solar panels are a good investment.
Prime central London rents rose for the first time in 21 months in January, as UK economic sentiment continued to improve, according to the latest lettings index. Rents for London’s best residential... properties rose 0.2% in January, which was the highest monthly increase since September 2011, says the report from Knight Frank. Rents fell 2% versus January 2013, which was the lowest annual decline since August 2012, and the firm expects annual growth to return by the end of this year. ‘More senior executives from industries like banking, insurance, shipping and mining are searching for rented property than last year and relocation agents are increasingly prevalent in the central London lettings market as more employees move to the capital from overseas. This trend helped to push the...
Dow Jones rises 0.86%, S&P 500 gains 0.77%, Nasdaq adds 0.97%
Marketers must seek watertight celebrity contracts
Weaker signals from the housing markets sent mortgage rates lower for the fifth week in a row, with Freddie Mac reporting that lenders were offering 30-year fixed home loans to solid borrowers at an... average of 4.23%, down from 4.32% a week ago.
Rebuilding America's infrastructure, as President Obama emphasizes, is a top national priority. The benefits include several million jobs, enhanced competitiveness, and a greener footprint. But it... can't happen, as I and others have written, until America fixes its broken legal approval process. Approvals drag on for years, sometimes decades. This past week, another lawsuit was filed to try to stop a project to raise the roadway of the Bayonne Bridge. The project has undeniable environmental and economic benefits -- allowing a new generation of cleaner, more efficient post-Panamax ships access to Newark Harbor. (See Sam Roberts' "High Above the Water, but Awash in Red Tape.") Nor does the project involve any of the usual new infrastructure dislocation -- the bridge's foundations are...
With no rise in cement demand and realisations, earnings will remain under pressure in the near term
A kerfluffle last January over the use of inaccurate estimates apparently hasn't stopped Florida Governor Rick Scott (R) from doing it again. A state-wide sales tax holiday proposal has been stalled... after it was discovered Scott decided not to use recent estimates he'd been given in favor of old, inflated savings calculations. Scott claimed in a statement that a 15-day tax holiday on hurricane readiness supplies would save Floridians $20 million. But according to the Florida Current, that number was gleaned from an estimate made all the way back in 2007 -- and Scott had been given a new, updated -- and less generous -- estimate by the state's Office of Economic and Demographic Research at a meeting in November. The updated estimate Scott was given but chose not to use or promote was much,...
Before you whip out your debit card, consider this: if some crafty thief hacks the store terminal and goes on a shopping spree using your data, you could be held responsible for $500 in charges.... That's because debit cards do not share the same consumer protections as credit cards. This week's series of data security hearings on Capitol Hill, an outgrowth of the recent rash of retail data breaches, highlighted the unequal treatment.
Former CEO of now-defunct Livent Inc. lost an attempt in Federal Court last month to reclaim the honour, which was stripped away as he served his prison sentence for fraud
Either you are part of the problem, or a part of the solution. It's your choice. Competition is the old business mindset. Collaboration is taking over. Stronger value connections are forming with... customers, as loyalty increases and customer evangelists want to see the success of the company. So-called competitors are sharing the market because they understand that they are there to serve their customers and the market and do not have fear that they will lose business by doing so. It's time to create amazing companies as the standard, not the exception! True employee engagement revolves around the people, their passions and their purpose. It leads to a higher productivity level, profits are a natural result and the company is able to have a greater positive impact. 1. Employees tend to...
JEFF ZUCKER, boss of CNN Worldwide, a cable-news firm, likes to start his morning with a shot of numbers. Every weekday at 9am he confers with his teams in New York, Atlanta, Washington, DC, and other... bureaus to discuss ratings and web traffic, and to decide what news to cover. On February 4th a story reconstructing the final day of Philip Seymour Hoffman, an actor who died of a heroin overdose (see obituary), boosted CNN's website. Mr Zucker wanted to "push it" on TV too. As producers pitch the stories they plan to cover, Mr Zucker pitches them his own, including more on Hillary Clinton's election prospects, how bad weather affects America's economy and whether drinking two fizzy drinks a day will actually kill you.Previous bosses at the channel rarely attended morning news meetings, but...
Amazon is a retailing juggernaut, but its revenues are still a fraction of those of Walmart, whose tills ring up about $900,000 a minute. The bricks-and-mortar colossus turns in a modest profit... margin, whereas Amazon is still being run on a basis of growth now, profits later. Comparing the revenues and net profits of companies commonly regarded as peers shows their relative commercial power. Google is often chided for its dominance, though Apple is far larger (and their profit margins are similar). Coca-Cola's sales are less than PepsiCo's but its margins are almost twice those of its arch-rival. In energy and aerospace, the sales of American and European giants are roughly similar yet the Americans earn more. And Goldman Sachs has long been the media's whipping boy, but JPMorgan Chase is...
Nadella, a head from the cloud IN AN episode of "Father Ted", a television comedy about three priests living on a windswept Irish island, another cleric turns up unannounced, claiming to be an old pal... of the title character. Mrs Doyle, the priests' housekeeper, tries to guess the visitor's name. She reels off a litany that proceeds from the plausible ("Father Andy Riley") via the ludicrous ("Father Peewee Stairmaster") before somehow reaching the right answer ("Father Todd Unctious"). "I was just amazed that she got it in--wow--well under an hour," grimaces Ted.Divining the identity of Microsoft's next chief executive has been a little like Mrs Doyle's guessing game. After Steve Ballmer said last August that he would step down, the Redmond rumour mill churned out name after name, from Alan...
Or wait 80 years and buy it online CUFF-TO-CUFF combat has broken out in the buttoned-down business of selling suits to American men. Jos. A. Bank started the needle match in October, offering $2.3... billion for its bigger rival, Men's Wearhouse. When that failed to measure up, Men's Wearhouse offered to buy Jos. A. Bank, first for $1.5 billion, then for $1.6 billion. Which can tailor a deal?There is little growth in the suit market so both firms are under pressure to trim costs and either lead the consolidation of their industry or return money to investors. Men's Wearhouse has announced plans to run two candidates for election to the board of Jos. A. Bank, which in turn has boosted its "poison pill" anti-takeover defences and, it was reported on February 2nd, is now exploring buying Eddie...
SHAREHOLDERS in BP used to be a complacent bunch. Now they are battle-hardened. The company has taken a pounding since the Deepwater Horizon disaster in 2010. In the aftermath of the explosion in the... Gulf of Mexico its share price fell by half. The company froze dividends and had to sell assets worth $38 billion, including half of all its offshore platforms and refineries, to help meet a $42 billion charge for the clean-up, compensation and other costs. Litigation is likely to go on for many years and the payouts could rise well beyond that total.Against that background, the quarterly results announced on February 4th looked positively cheerful. BP has raised its dividend and will continue with a vigorous programme of share buy-backs, paid for in part by a further $10 billion in sell-offs....
ON FEBRUARY 4TH 1889 the French Compagnie Universelle du Canal Interocéanique de Panama was declared bankrupt, marking the first catastrophic failure to build the Panama Canal. On the same date this... year (the centenary year of its completion in 1914) talks collapsed on how to finish the canal's expansion. Seafarers, a superstitious bunch, will not interpret this as a good omen.After weeks of negotiations between the Panama Canal Authority (PCA) and a consortium led by Sacyr, a Spanish builder, and its Italian counterpart, Salini Impregilo, the two sides have failed to reach agreement on who pays for $1.6 billion of cost overruns on their $3.2 billion portion of the project to widen the waterway. The consortium, GUPC, said the endeavour was on "the brink of failure".The PCA's head, Jorge...
IN NOVEMBER 2009 Foundem, a price-comparison website, first complained to the European Commission about Google. The American company, Foundem argued, was exploiting its dominance of online search to... the detriment of both competitors and consumers. The commission began an investigation a year later. On February 5th Joaquín Almunia, Europe's competition commissioner, said that he and Google, which carries out more than 90% of online searches in Europe, had reached an agreement. (Google's chairman, Eric Schmidt, is a member of The Economist Group's board of directors.) This is Mr Almunia's third attempt at a settlement in just under a year. He is confident that this one will stick.The commissioner had four main worries, which he laid out in May 2012. The most important was that Google...
Performance alone won't get you the support you need.
Woolworths is set to regain its crown as Australia's fastest growing food and liquor retailer.
Optimism surrounds Sigma-Aldrich, as it gets ready to report its fourth quarter results on Thursday, February 6, 2014. Analysts are expecting the company to book a profit of $1.01 a share, up from 96... cents a year ago.Analysts are projecting earnings of $4.12 per share for the fiscal year. Revenue
Nifty, Bank Nifty, DLF & Coal India
House Republican Conference Chairwoman Cathy McMorris Rodgers (R-WA) faces a possible House Ethics Committee probe over allegations from a former staffer who said McMorris Rodgers improperly combined... campaign and Congressional funds to win her 2012 leadership race.
Global business leaders finalising a range of proposals such as improving trade handling procedures.
Analysts expect higher profit for Teradata when the company reports its fourth quarter results on Thursday, February 6, 2014. The consensus estimate is calling for profit of 79 cents a share,... reflecting a rise from 74 cents per share a year ago.Analysts are expecting earnings of $2.50 per share for
Analysts expect higher profit for Republic Services when the company reports its fourth quarter results on Thursday, February 6, 2014. The consensus estimate is calling for profit of 46 cents a share,... reflecting a rise from 37 cents per share a year ago.For the fiscal year, analysts are expecting earnings
Wall Street is expecting lower profit for New York Times Company when the company reports its fourth quarter results on Thursday, February 6, 2014. Analysts are expecting earnings per share of 16... cents after the company booked a profit of 32 cents a share a year earlier.The consensus estimate hasn't
Analysts expect higher profit for Beam when the company reports its fourth quarter results on Friday, February 7, 2014. The consensus estimate is calling for profit of 72 cents a share, reflecting a... rise from 67 cents per share a year ago.Analysts are expecting earnings of $2.59 per share for
Wall Street is optimistic about FMC Technologies, which is slated to report its fourth quarter results on Thursday, February 6, 2014. Analysts project a profit of 65 cents a share, a rise from 57... cents per share a year ago.The consensus estimate has fallen over the past three months, from
Despite an expected dip in profit, analysts are generally optimistic about Activision Blizzard as it prepares to reports its fourth-quarter earnings on Thursday, February 6, 2014. The consensus... earnings per share estimate is 70 cents per share.The consensus estimate is down from three months ago when it was 77 cents,
PPL reports its fourth-quarter earnings on Thursday, February 6, 2014, and the consensus earnings per share estimate is 51 cents per share.For the fiscal year, analysts are projecting earnings of... $2.36 per share. A year after being $3.22 billion, analysts expect revenue to fall 24% year-over-year to $2.44 billion for
Twitter tumbled as much as 24 percent in its worst-ever intraday decline.
The number of newly-unemployed workers seeking unemployment benefits fell last week by 20,000 to a seasonally-adjusted 331,000, the Labor Department said Thursday. That was below economists’... expectations of 335,000 and lifted hopes that Friday’s jobs report will show strong growth. Last month’s job’s report was disappointing, showing that the economy added just 74,000 jobs in December. Employment data, however, can be highly volatile, and many economists predict that last month’s numbers will be revised upwards as other economic data--like GDP growth figures--point to a stronger economy. “The sharp slowing in payrolls in the December employment report was not due to a weaker trend,” Jim O’Sullivan, Chief U.S. Economist at Hi Frequency Economics, wrote in a note to clients...
The companies are looking to invest more than Rs1,000 crore each to set up diesel engine plants with a capacity of about 100,000 engines a year
The Committee on Public Undertakings (COPU), which went into CAG's audit objections over January 2009 acquisition of Imperial Energy, in a report tabled in Parliament said the Cabinet Committee on... Economic Affairs had approved the buyout of the firm on the condition that it would yield at least 10 percent return on investment.
Gross NPAs as a percentage of the bank's loan book rose to 3.32%, up 90 basis points from three months earlier
A year ago, if you were Jack Massimino, CEO of Corinthian Colleges, you might have been feeling pretty good. Despite extensive evidence from congressional and media investigations that Corinthian,... along with other big for-profit colleges, has been abusing students -- luring them with deceptive recruiting, offering high-priced, low-quality programs, and often leaving them without jobs and deep in debt -- you seemed to be getting away with it. Almost 90 percent of the revenue for the schools you operated -- Everest, Heald and WyoTech colleges -- was easy money: federal taxpayer dollars from student grants and loans, about a billion dollars a year. You yourself were taking home more than $3 million a year in compensation some years. The Obama administration had tried to tighten up...
Indiana University Health and insurer UnitedHealthcare said Thursday they have ended a more than monthlong stalemate and reached a contract agreement that affects up to 400,000 Hoosiers with insurance... through the Minnesota-based company.
The fourth day of 2G spectrum auctions has drawn to a close and the numbers has the government grinning from ear-to-ear.
US stocks opened higher but shares of social networking high-flyer Twitter plummeted on disappointing user growth.
It has tied up with US-based Johns Hopkins Medicine International for knowledge sharing and training. The initial focus will be on the Delhi NCR region.
TORONTO - Garth Drabinsky wants to know why he was stripped of his Order of Canada, but disgraced sprinter Ben Johnson and a priest convicted of assault were not. The former theatre mogul has started... a new round in court as he battles to reclaim the honour, which was stripped away while he served his prison sentence for fraud. The Federal Court last month dismissed Drabinsky's bid for judicial review, in which he had asked the court to declare the decision of the Order of Canada advisory council unlawful. The ex-CEO of the now-defunct Livent Inc. has filed a notice of appeal, seeking to overturn that decision. He argues it's unfair that he didn't have a proper opportunity to make submissions to the Order of Canada advisory council, since he was still in prison when the council informed him...
In East Baton Rouge Parish, Louisiana, middle-class and wealthy neighborhoods want an educational divorce from a neighboring community where four out of 10 families live in poverty.
Grain alcohol, the cheap, potent booze that has been a staple at college parties for generations, could be outlawed in Maryland as university presidents press lawmakers to ban it. Maryland senators... voted Wednesday to forbid the sale of grain alcohol that's at least 190-proof, which contains 95 percent alcohol. A key committee chairman expects to move the bill to the full House of Delegates for a vote, giving the bill its best shot at passage in years. Sometimes marketed as moonshine, colorless grain alcohol can be twice as strong as vodka and has been outlawed in at least a dozen other states. It's long been a mixer for the high-octane fruity concoctions whipped up by young drinkers, but in recent years has become a target of efforts to curb binge drinking on college campuses. "It really...
Liberty Mutual Insurance, the large Boston-based insurance company, is getting ready to air new TV ads tied to its Olympic sponsorship of Team USA. The ads, which were created by the company's... long-time ad agency Hill Holliday of Boston, feature Olympic athletes from the past who overcame personal setbacks to go on to later triumphs. A subplot of the ads is that Liberty Mutual can help its customers come back from their own setbacks, such as natural disasters and car accidents, so they can move on with their lives. "For every setback, there's a chance to come back and rise," Paul Alexander, the company's chief communications officer, said. "And insurance can be the bridge between the setback and the comeback."
The ANC and mining bosses are to blame for the death of eight miners at Harmony Gold's Doornkop mine, the EFF said.
Operations at Harmony Gold's Doornkop mine will stop until it has been declared safe, says Mineral Resources Minister Susan Shabangu.
The panel's recommendations come barely a couple of months after the government allowed power companies to pass on cost of imported coal to consumers, a move that is likely to raise electricity... tariff.
Pope Francis stood face to face with a giant chocolate statue of himself Wednesday at the Vatican.
At $169 million -- or 85 cents per share -- the results included a period of ice storms and power outages in Ontario, where Shoppers has its main retail base
WASHINGTON (AP) -- Average U.S. rates for fixed mortgages fell this week as the latest data continued to indicate a pause in the housing market's recovery.
Philip Morris International Inc. said Thursday its fourth-quarter profit dropped 5 percent as cigarette sales fell in most of its markets despite commanding higher prices.
Virginia Gov. Terry McAuliffe (D) is planning to liven up the governor's house in an effort to woo Republicans and forward his agenda, and he has some special ingredients: top-shelf liquor and craft... beer. The Washington Post reported that the governor wanted to throw "Sixty parties in 60 days!" during the two-month legislative session, which ends in early March. He's personally paid for and stocked up on better booze and microbrews at the governor's house; he's also catering daily breakfasts for the non-drinkers.
As American workers, we spend at least 1,700 hours a year working, according to the Federal Reserve’s Economics Data. If you think that is a lot, consider our Eastern neighbors: workers in... Singapore, Korea and Hong Kong each spend more than 2,200 hours a year on the job!
Look for two coupon inserts -- one Red Plum and one Smart Source -- in this Sunday's home-delivered Final Edition of The News & Observer. Plus, there are four restaurant…
Global air passenger traffic rose by 5.2% in 2013 compared with the previous year, the International Air Transport Association (IATA) said on Thursday.
Shares in Twitter plunged about 22 percent in early trading on Thursday amid concerns that the social network not adding new users fast enough. Twitter opened trading on Thursday at $50.61 a share,... after closing at $65.97 on Wednesday. Shares were trading at just under $53 by 10:30 a.m. The stock, which began public trading in November, is down from a closing high of $73.31 in late December. Twitter said Wednesday in its first earnings report as a public company that it had $243 million in revenue during the fourth quarter of 2013, up 116 percent from last year and beating analyst estimates. But the company also said it added only nine million monthly active users in that time, the smallest figure since late 2010, jolting investors and sending the stock down in after-hours trading....
At least 15 Indian-made electric, hybrid vehicles are on display at the Delhi Auto Expo, a radical shift from the previous editions
Historical data suggests that the market is not going to have a good year.
General Motors Co. posted a small increase in fourth-quarter profit but its results for the period disappointed Wall Street as business deteriorated in Asia and South America and the costs of... restructuring operations in Europe mounted.
Kristina Laferne Roberts, a best-selling author, whose titles include "Zane's The Sex Chronicles: Shattering the Myth," leads this year's list of Maryland's top individual tax evaders. Roberts owes... the state almost $341,000 in back taxes and owes the IRS almost $541,000, according to court records and state officials, reports DeNeen L. Brown of The Washington Post.
Around 200 NUM members marched to the Mining Indaba in Cape Town to protest against the alleged ill-treatment of Rio Tinto miners in other countries.
BCE Inc, Canada's biggest telecommunications company, posted a 17% rise in adjusted quarterly profit and raised its dividend on Thursday, helped by strong growth in its media wing and ongoing strength... in wireless.
ANKARA, Turkey (AP) -- New Internet restrictions approved by parliament are raising concerns the government is trying to control the flow of information amid a corruption scandal, and a senior... European official on Thursday called the measures "a step back" for media freedom.
US car giant General Motors reports a 22% drop in profits for 2013 after a disappointing performance outside North America.
By Robin Emmott and Philip Blenkinsop BRUSSELS
The number of Americans filing new claims for unemployment benefits fell more than expected last week.
Twitter awoke with a huge hangover on Thursday as investors at the market open scrambled to decide what about the companies first earnings announcement was positive. Shares tumbled 23 percent...
The European Central Bank holds off from cutting rates, keeping the benchmark rate at a record low of 0.25%, as it rejects worries about deflation.
LONDON (AP) -- Stocks around the world were on Thursday having one of their better days of late as investors prepared for a key U.S. jobs report, while the euro spiked higher after the European... Central Bank decided to not cut interest rates as some traders had been expecting.
The Office of Fair Trading (OFT) had decided on November 25, 2013 to have a fresh look at the USD 2 billion deal, after Diageo offered to divest bulk of Whyte Mackay (WM) business to address... anti-competition concerns posed by this merger.
South African white-corn futures rose the most in a week with stockpiles falling.
South Africa's Richards Bay Coal Terminal will resume production on February 8 after a power outage forced the world's largest export coal terminal to shut down for a week, company spokesman Alan... Waller said.
Cool new crater on Mars, shot soon after asteroid's impact.
Some supporters might have been confused by recent campaign websites that appear to be soliciting donations to support a candidate, while the literal text of the site is actually about defeating the... candidate. It's a trick that's been popping up more frequently, and it's perfectly legal -- even if it looks deceiving. Earlier this week, the National Republican Congressional Committee set up quasi-campaign websites for House Democrats facing tough re-election battles, including Ann Kirkpatrick (AZ), Amanda Renteria (CA), Martha Robertson (NY), Kyrsten Sinema (AZ) and John Tierney (MA). There was also a site for Alex Sink, the Democrat hoping to recapture the late Rep. C.W. Bill Young's (R) seat in Florida. The websites were nearly carbon copies of a campaign website to support the candidate...
NEW YORK (AP) -- Twenty-First Century Fox said Thursday that its fiscal second-quarter net income dropped 49 percent, largely as a result of acquisition costs, but still matched Wall Street... predictions.
Sony Corp. slashed its annual outlook to a loss, and said it would sell its struggling personal-computer unit, as it fights to stem red ink at its core electronics business....
The bogus GOP line of attack on Obamacare based on this week's CBO report makes it into its first political ad against a vulnerable Democrat.
BRUSSELS (AP) -- Europe is set to upgrade its ties with Cuba in a bid to broaden economic cooperation and demand more progress on respecting human rights and fundamental freedoms, a senior European... Union official said Thursday.
For many people early internet memories include a little orange man running across their computer screen as it dialed-in to AOL.
The Non-Disclosure Agreement (NDA) is an extremely common form of "protecting" entrepreneurs' ideas from being stolen. Each day on matchist, people looking for developers ask me how they can ensure... their idea is protected. They ask me whether developers will sign an NDA.
WHO has the fastest internet connection speeds in Europe? At country level it is the Dutch, with the fastest average speeds of 22Mbps, according to network analyst Akamai's new State of the Internet... report.
Weekly unemployment filings were lower than expected, and world markets were higher after the European Central Bank kept interest rates unchanged.
What will Pope Francis do about pedophile priests and the higher ups who covered for them?
One of the many companies gearing up for the Olympics is Gillette, the Boston-based grooming and razor brand. Gillette's US athlete ambassador for the 2014 Olympic Winter Games is Ryan Suter, a... defenseman for the Minnesota Wild when not playing Olympic hockey. Suter is the son of Bob Suter, who won a gold medal at the 1980 Olympics. This recent photo shows the two Suters participating in a Gillette "ceremonial shave and send-off to Sochi." The photo shoot was to promote Gillette's new Raising an Olympian short film titled "Keep Your Head Up." The film seeks to "bring to life the daily lessons all dads teach their children and highlights how Ryan, through failures and successes, learned to always keep his head up and maintain a positive attitude," Gillette said.
After a rocky start to the week, U.S. stocks roared back on Thursday, giving major stock indexes their biggest gain of the year.
Amazon Studios, the division responsible for creating original shows for Amazon Instant Video, released 10 new pilots to compete today. Viewers can stream the first episode of each series for free.... People can vote on which show should become a series and Amazon will stream a full season of it later this year. Last year, Amazon tested this crowdsourcing strategy with a slew of original comedies. "Alpha House" and "Betas" were the two shows that made it through the first round, but Amazon trying something different this year. Five kids shows and five dramas are posted for 2014. There are also two hour-long dramas including "Bosch," which is based on the best-selling series of novels from Michael Connely, and "The After," which is a mysterious apocalypse drama from the creator of "The...
Getting what you want in business (and life) is a whole lot easier when you learn this one little phrase.
U.S. stocks open higher as investors welcome a higher-than-expected drop in weekly jobless claim and upbeat earnings from companies such as Walt Disney Company and L Brands.
Despite the consistent refutation of their claim that the Congressional Budget Office said Obamacare would cost the country 2 million jobs -- even from within their own party -- Republicans are now... putting the attack in congressional ads. A new web ad by Rep. Thom Tillis (R-NC), who is trying to unseat Democratic Sen. Kay Hagan in North Carolina, blasts Hagan for "2 million lost jobs" because of her support for the health care reform law, the Washington Post reported.
Since its launch in 2007, Myntra has raised close to USD 75 million from investors, including Accel Partners and Tiger Global. Myntra said: "...raised USD 50 million (about Rs 300 crore) in a... financing round led by Premji Invest along with new and existing investors."
Mary Barra, the newly installed CEO of General Motors, says she never asked for a promotion or a raise in her 30-year career with the automaker. FORTUNE just named Barra number one on its list of the... 50 Most Powerful Women in Business. In an interview that accompanied the list, Barra explained how she made it to the top without asking to be bumped up: What I always say is, "Do every job you're in like you're going to do it for the rest of your life and demonstrate that ownership of it." You deliver and produce results and you do it with high integrity and teamwork, and it'll all work out. You don't have to ask for different jobs, and you don't have to ask for raises. That's the opposite of the tactic promoted by Facebook COO Sheryl Sandberg, who argues that women often hold themselves back...
(WASHINGTON) -- The number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects. The... Labor Department said the four-week average, a less volatile measure, ticked up 250 to 334,000. That remains near pre-recession levels and serves as evidence that job losses have waned. A total of 3.47 million Americans received benefits as of Jan. 18, down from 3.58 million the week before. Ian Shepherdson, chief economist at Pantheon Macroeconomics, described the decline in benefit claims as “something of a relief.” Cold weather in January caused work stoppages, leading the number of unemployment benefits applications to swing from week to week. The Labor Department said it had to estimate,...
On yesterday's Q4 earnings call, Twitter CEO Dick Costolo was asked how many people try Twitter and then abandon it because they don't like it. The number is Twitter's "dark pool," and Twitter never... talks about it. But we know the number. Officially, Twitter only reveals its monthly active users — those people who are on Twitter and use it during the previous month. That, in fact, is the most useful guide to a social media platform's health. But because Twitter said yesterday that its active user base is only growing slowly, attention is being turned to why that is. Only 1 million people in the U.S. joined in Q4, and Twitter added only 9 million users globally, for a monthly active total of 241 million. Those numbers drove the stock down more than 20% over night. On the earnings call,...
When physicists at CERN - the European Organisation for Nuclear Research – required help in managing the terabytes of information gathered in the course of their ground-breaking research work, they... turned to young, London-based company, Big Data Partnership. “We provided training to about 100 of their scientists,” says Pinal Ghandi, who founded the business along with Mike Merritt-Holmes and Tim Seears .
HAL is expected to come out with its initial share sale to offload 10 percent stake in the current fiscal ending March.
In an interview with Wired, Apple co-founder Steve Wozniak makes the seemingly counterintuitive case for Apple to design an Android phone. (Wozniak is an Apple cofounder alongside Steve Jobs and the... often-forgotten Ron Wayne, but it bears mentioning that he has nothing to do with the company's day-to-day operations.) "There’s nothing that would keep Apple out of the Android market as a secondary phone market," he told Wired. "We could compete very well. People like the precious looks of stylings and manufacturing that we do in our product compared to the other Android offerings. We could play in two arenas at the same time." There's nothing legally preventing Apple from creating a phone designed to run Android software. It's an open-source platform available to anyone who wants it. But...
Weak economic data pushed mortgage rates down for the fifth straight week, according to the latest data released Thursday by Freddie Mac. The 30-year fixed-rate average sank to 4.23 percent with an... average 0.7 point. It was 4.32 percent a week ago and 3.53 percent a year ago. The 30-year fixed rate has remained below 4.5 percent for the past month.
Rep. Louie Gohmert (R-TX) has issued some pretty dramatic charges at President Obama, but the two shelved their differences on Thursday morning in the name of prayer.
A case study in how to assess the full impact of a potentially disruptive innovation.
Recent turmoil in emerging markets has caused several central banks — including the Reserve Bank of India, the Central Bank of the Republic of Turkey, and the South Africa Reserve Bank — to... implement emergency rate hikes as their currencies tumbled. The results of a new Banamex survey released yesterday showed that economists believe the Bank of Mexico's next move will be a 25 basis-points rate hike as well. Russ Certo, head of rates at Brean Capital, passes along an interesting statistic: if you include Mexico, central banks in economies accounting for roughly 10% of global GDP are now hiking rates. "Ironically, all these moves are designed to counter the consequence and capital flow results of previous central bank policy," says Certo. "Remarkable, that all of these banks are...
Posts Rs 1,010 cr profit, revenue up by 33.5% to Rs 4,898.5 cr
TWITTER shares went into a tailspin after the company's first earnings report shook up investors expecting strong growth at the messaging platform.
Here's the most definitive proof yet that Apple is working on something related to health and exercise. It has a new job listing for "User Studies Exercise Physiologist." Mark Gurman at 9to5Mac... first spotted the listing. The job description: "Design and run user studies related to cardiovascular fitness & energy expenditure, including calories burned, metabolic rate, aerobic fitness level measurement/tracking and other key physiological measurements." It seems that this is the first public confirmation from Apple that it is working on some sort of fitness-oriented product. Gurman believes this is further proof that Apple is working on the iWatch, which would be a wearable gadget on your wrist that collects health data. Even without an iWatch, Apple could probably collect plenty of...
How the Olympic host nation went from next big thing to fool's gold medalist.
Total income jumps 36% to Rs 2,144 cr
Total income witnesses a dip of 2% to Rs 11,360 cr
NEW YORK (AP) -- Twitter's stock is sinking on worries that the short online messaging service is not popular enough.
The e-tolls system is cracking due to the sheer weight of what is a cumbersome system, fraught with maladministration and complex relationships, says Outa.
Resolution of regulatory issues and Reliance Power sticking to its guidance are key to the movement of the stock
Lots of people have great ideas for medical devices, but it's hard and expensive to bring them to market. Edison Nation Medical is fixing that.
SodaStream shares were up as much as 10% in pre-market trading to $39.48. In the first few minutes of trading they pared some of those gains going to $37.59. And are up about 5.6%. The stock was down... as much as 13% after hours on Wednesday, after Coca-Cola announced that it is taking a 10% stake in Green Mountain Coffee Roasters. Here's the line in the press release that had investors freaking out: "With The Coca-Cola Company as a global strategic partner in our multi-brand at-home Keurig Cold beverage system, we believe there is significant opportunity to premiumize and accelerate growth in the cold beverage category by empowering consumers with an innovative, convenient way to freshly prepare their favorite cold beverages at the push of a button,” said Brian P. Kelley CEO of GMCR....
By Katharina Bart ZURICH
The Office of the Inspector General explored the idea of having the U.S. Postal Service provide financial services to those underserved by the nation's banking structure. Namely, the poor.
The award will be presented during AIMA's 58th Foundation Day and National Management Day
The national carrier earned a total revenue of Rs 20,259.24 crore and incurred total expenses of Rs 24248.82 crore in 2013-14. The airline incurred an estimated loss of Rs 3989.58 crore for 2013-14,... which was lower than Rs 5490.16 crore in 2012-13
After this, Vodafone India will be the first telecom operator in the country to be fully owned by a foreign company.
Rupee is not expected to gain much strength and will likely trade around Rs63.00 to the US dollar by the end of April
NEW YORK (AP) -- The U.S. stock market is recovering in early trading after slight losses the day before.
The Buckle Inc. said Thursday that sales at stores open at least a year fell 6.6 percent in January, a larger drop than Wall Street analysts had expected.
Forget about the big screen, the small screen and even the second screen.
Norwegian snowboarder Kjersti Buaas was the first rider to call victim to Sochi's ultra-intense slopestyle course during competition. The course was called "sketchy" and "dangerous" by riders earlier... this week, and Shaun White pulled out of the competition with safety concerns. On her first qualifying attempt of the day, Buaas lost her balance going off one of the kickers and slammed head-first into the hill (via r/olympics): After the fall, she said on Instagram that she ruptured a muscle and had severe back pain. "Oh snap...That was a real scare!!! Good news is that I only ruptured a muscle... I am so grateful it's nothing worse, even though I have some severe pain in my stomach and back.." Join the conversation about this story »
(Reuters) - Icahn Enterprises L.P. , activist investor Carl Icahn's publicly traded investment vehicle, said on Thursday that Keith Cozza will take over as president and chief executive o...
Markets are in the green early in the U.S. trading session. The Dow is up 84 points. The S&P is up 8 points. The Nasdaq's up 26 points. In an encouraging sign for the U.S. labor market, initial weekly... unemployment claims fell to 331,000 from 351,000 a week ago. While we can't completely rule out the possible distortive affects of weather, this week's number was nevertheless lower than the 335,000 expected by economists. "According to MNI, the Labor Department reported no special factors but noted that data for Kansas were estimated. as an ice storm forced state offices to close," said Barclays' Cooper Howes. Weather is likely to mess with upcoming data as well. "After last week's unexpected spike, this is something of a relief, though the latest bout of severe weather could easily push...
U.S. stocks are opening higher on Thursday but Twitter is down more than 20% after dropping an earnings bomb.
Credit Suisse posted weaker-than-expected fourth-quarter profit as the result was weighed down by legal expenses.
Everyone wants tax reform. The problem is that tax reform means different things to different people, and that actual support of specific proposals is very weak. That's why Republicans are making a... serious mistake if they're thinking of tying tax reform to the debt ceiling debate.
Subway says it is removing from its bread a chemical reportedly found in Yoga mats, following a petition pressuring it to nix the ingredient. "We are already in the process of removing... azodicarbonamide from our bread as part of our bread improvement process,” Subway said on Facebook on Wednesday, responding to angry comments. “While the ingredient is approved by the USDA and FDA, it will be removed from all our breads soon," More than 66,000 people have signed a petition on the popular food blog foodbabe.com to remove the chemical, which is used only in North American restaurants and is said to be found in yoga mats and shoe rubber. A Subway representative told the Associated Press that the process began before the petition, but did not say when it will be complete. “The complete...
Was it mid-September? Oct. 1? Another date altogether? Chris Christie's answer on when he first learned about the George Washington Bridge lane closings has, well, evolved. Here's the timeline.
In December, we told you about Distiller, a web-based whiskey discovery portal for the dabbler and connoisseur alike. Well, it's officially an app now available for iOS. Distiller helps you navigate... the ongoing whiskey renaissance by prompting you with questions — How much are you willing to spend? Are you a beginner or an expert? — and then making bottle recommendations. "If you don't have the expert level of knowledge," founder Mikael Mossberg told Business Insider back in December, "How do you choose?" Distiller makes the choice for you. It employs a cast of whiskey Iron Chefs — everything from bar owners to bourbon bloggers — to give tasting notes. It pumps your answers through an algorithm that organizes whiskey based on price point, availability, and flavor profile. Then you...
The second part of the 1936 Dale Carnegie classic book, "How to Win Friends and Influence People," is called “Six Ways to Make People Like You.” All these years later, connecting with... new people remains a vital skill for any entrepreneur hoping to grow her network. But that doesn’t mean it’s easy, especially for introverts. Not long ago entrepreneur Scott Dinsmore formed a list of the habits he’s observed in skillful connectors. In the spirit of Carnegie’s “Six Ways,” here are six habits from Dinsmore’s list, supplemented with timeless tidbits from "How to Win Friends." 1. Smile. "Smiles are contagious and the simple act makes people feel better,” writes Dinsmore. Carnegie goes one step further: “The expression one wears on one’s face is far more important...
WASHINGTON -- In a positive sign heading into Friday's unemployment report, initial jobless claims dropped sharply last week, offsetting a surprising jump the previous week.
Twitter shares are down more than 20% this morning following the release of the social media network's first quarterly earnings statement since its initial public offering. Although the company... reported earnings of $0.02 per share — above analysts' consensus estimate of a loss of $0.02 per share — and revenues came in at $242.7 million (also above expectations), investors are honing in on weak user growth. Monthly active users were 241 million, up only 9 million from the previous quarter. In the U.S., Twitter grew its user base by only 1 million. Today's drop sees shares trading at the lowest level since December 12.
Gaurav will report to David Chin and Matthew Hanning, Co-Heads of CCS Asia and Aashish Kamat, CEO India
TORONTO - Shoppers Drug Mart Corp. (TSX:SC) reported Thursday its fourth-quarter profit slipped to $169 million compared with a year ago as sales crept higher. The pharmacy chain, which continues to... operate independently pending a takeover by Loblaw (TSX:L), said the profit amounted to 85 cents per share for the quarter compared with $175 million or 85 cents per share a year ago. Excluding costs related to Loblaw's $12.4-billion deal to buy the company, Shoppers said it earned $172 million or 86 cents per share. Analysts had expected earnings of 86 cents per share of earnings under both measures. Revenue for the quarter that ended Dec. 28 totalled $2.747 billion, up from $2.72 billion a year earlier, while its same-store sales were up 1.2 per cent. The results included a period of ice...
Chinese cross border investment into global real estate markets has risen rapidly since the global financial crisis of 2008, according to a new analysis from Savills. It says that wealthy Chinese... individuals, with limited investment opportunities at home, have increased their overseas investment...
(Reuters) - January was a tough end to a tough holiday season for U.S. retailers.
OTTAWA - The federal budget watchdog says public servants take an average of 11.5 paid sick days a year, compared with 18 days reported by Treasury Board President Tony Clement. The parliamentary... budget office says in a new report that Clement's number includes time missed due to workplace injuries and unpaid sick leave. It estimates the salary paid for sick days amounted to $871 million in 2011-12, about 68 per cent higher than the estimate 10 years prior, which includes inflation. But it says growth in the size of the public service, wages and number of paid sick days available all contributed to the doubling of sick-leave costs in the last decade and the use of sick leave between departments varies significantly. The report comes as Clement prepares for a battle with public-sector...
By decree of Mayor Rob Ford, Feb. 6 will forevermore be designated "Bob Marley Day" in Toronto.
About 200 NUM members have marched to the Mining Indaba in Cape Town to protest against the alleged ill-treatment of Rio Tinto miners in other countries.
As expected, the ECB elected to leave its benchmark refinancing rate unchanged at 0.25% in February. The deposit facility and marginal lending facility rates were also left unchanged at 0% and 0.75%,... respectively. Many are concerned about disinflation in the eurozone — the latest data released last week revealed an unexpected drop in year-on-year inflation to 0.7% — but cutting rates to combat it probably isn't worthwhile. "It is hard to make an argument for the decidedly marginal improvement that a 0.1-0.15 percentage point change would make," says Lorcan Roche Kelly, a strategist at Agenda Research. "It also would do very little to improve the one short-term problem the ECB is more likely to be worried about — liquidity." In his monthly press conference and Q&A with reporters...
WASHINGTON (AP) -- The U.S. trade deficit widened in December after hitting a four-year low in November. But for 2013, the gap reached its lowest point since 2009 as exports rose to a record.
The new disclosure will tell us the percentage of group company investments to the fund house's overall assets under management
Seth D. Michaels dives in to why we should be worried that Olive Garden and Red Lobster are struggling while luxury retailers like Neiman Marcus are growing.
When you're running the show, it can feel like there are never enough hours in the day to get everything done. You can be up at the crack of dawn or plugging away when everyone else is in bed, but no... matter how many extra hours you carve out, you still find yourself behind on projects. Instead of skimping on valuable sleep time (which you probably don't get enough of anyway), Executive Management Advisor Jim Alampi suggests taking a hard look at your schedule to figure out where you're wasting time that could be better spent elsewhere. "You’d be shocked by how much unnecessary work you do each day," says Alampi, author of "Great to Excellent; It's the Execution!" "By eliminating superfluous tasks from our to-do lists, executives and employees free up time for more important projects and...
Profitability was further hit as costs during the quarter, mainly on freight and power, rose
Ghana’s central bank increased its benchmark rate by 2 percentage points, a day after it announced curbs on foreign-currency trading to halt a slide in the cedi.
WASHINGTON - The U.S. trade deficit widened in December after hitting a four-year low in November. But for 2013, the gap reached its lowest point since 2009 as exports rose to a record. Analysts said... the larger-than-expected trade deficit for December would likely reduce estimates of growth in the October-December quarter. The government had initially estimated fourth-quarter growth at a 3.2 per cent annual rate. But economists at Barclays say the bigger December gap could reduce that estimate to a 2.8 per cent rate. The trade deficit rose to $38.7 billion in December, a 12 per cent increase over November, the Commerce Department said Thursday. Exports slipped 1.8 per cent to $191.3 billion. Imports rose 0.3 per cent to $230 billion. For all of 2013, the deficit dropped 11.8 per cent to...
Russian billionaire Oleg Deripaska is financing a dog shelter's effort to stop the culling of strays as the Olympics begin, says the NYT. Thousands of stray dogs live in Sochi, and government... authorities say they are wild and dangerous. That is why, according to animal rights activists, authorities have ramped up efforts to exterminate them ahead of Friday's opening ceremony. From the NYT: “We were told, ‘Either you take all the dogs from the Olympic Village or we will shoot them,’ ” said Olga Melnikova, who is coordinating the rescue effort on behalf of a charity called Volnoe Deloe (roughly, Good Will), which is financed by Oleg V. Deripaska, one of Russia’s billionaire oligarchs. Deripaska has already used his resources to finance the Olympics to the tune of $1.38 billion,...
Twitter fourth quarter and full-year earnings are out. The company posted solid revenues, but user growth continues to slow, and engagement is declining. Worldwide, the total number of monthly... active users in the fourth quarter averaged 241 million — an increase of just 4% from the previous quarter and 30% over the fourth quarter of 2012. Audience growth in the U.S. has slowed to a crawl. Download the charts and data in Excel. Timeline views, which are an important metric for measuring user engagement on Twitter, declined for the first time ever. Specifically, users viewed the Twitter timeline 11 billion fewer times than they did in the previous quarter, about a 7% fall off. We predicted this worrying trend in a chart we published last month. Declining timeline views means users are...
Ambuja Cements, part of Swiss cement giant Holcim, has posted a rise of 49.31 per cent in its net profit at Rs 316.5 crore compared with Rs 211.97 crore in the corresponding previous quarter. The... company's net sales during the quarter stood at Rs ...
A giant storm has hit the U.K., causing widespread flooding and prompting evacuations of some areas. People have been warned to stay away from coastal areas as high tides, wind, and heavy rains are... causing towns to flood. In Cork, Ireland, a town on the River Lee, one man took a canoe to the ATM because the streets were submerged in water. Check out the photo: Unreal in Cork last night pic.twitter.com/IGtPAvDZ09 — Lawrence Mullaney (@LarMullaney) February 6, 2014 BBC News has video of people paddling canoes through the streets of the town. Thousands of homes in the U.K. have lost power because of the flooding, and the Environment Agency has issued severe flood warnings for much of southwest England, according to The Guardian. Train services has stopped in some areas. Drivers have been...
(Reuters) - Kellogg Co , the world's largest maker of breakfast cereals, reported lower-than-expected quarterly revenue as sales for cereals fell for the third time in a row in North Americ...
The bank is expected to say that it is paying out close to £2.5bn in bonuses for 2013 despite a £6bn share sale, Sky News learns.
After 26 rounds of bidding that began on Monday, bids for all the 22 circles or regional zones totalled to about Rs 52,500 crore, officials in the Department of Telecom (DoT) said.
The move is aimed at protecting stocks against excessive volatility risks
FRANKFURT, Germany — European Central Bank head Mario Draghi has declined to announce any further stimulus for the eurozone economy despite saying that it suffers from "broad-based weakness" and... will recover only "at a slow pace."
A look at some of the "quirkiest" tax laws of 2013:
The company gave their new CEO enough time and support to make the leap.
The offer made by IBA is not in line with the rising inflation, says UFBU convener M.V. Murali
According to recent data published by the Royal Institution of Chartered Surveyors, the world's major markets are showing clear signs of recovery. How has the US commercial real estate industry faring... in this respect? The US market in context During 2013, the markets that experienced the most obvious...
The FRP, which is the minimum price that mills need to pay to cane farmers, stands at Rs 210 per quintal in the ongoing 2013-14 marketing year (October September).
General Motors Co. posted fourth- quarter profit that missed analysts' estimates as the automaker lost money in Asia outside of China, faced higher taxes and restructured in Europe.
Twitter is sinking Thursday as investors express disappointment with the latest earnings report. Akamai shares surge after strong growth last quarter, while Green Mountain Coffee Roasters also enjoys... strong gains.
While people are willingly sharing personal information on social media sites like Facebook, "people finder" sites like Spokeo.com are aggregating personal information about people to the point of... being "harmful" to one Virginia man's attempt to find a job, he said in his lawsuit.
In the first quarter for the new chief executive, Mary Barra, the nation's largest automaker said restructuring charges held back its earnings.
The court also asked both the parties not to seek any adjournments during the hearings.
Texas state Sen. Wendy Davis (D) is backing a proposed "open carry" law that would allow licensed Texans to wear a pistol on their hips in public, the Associated Press reported Thursday.
By Lucia Mutikani WASHINGTON
The Olympic downhill skiing course is 2.2 miles long, with a 3,205-foot height difference between the start house and the finish line. The course starts at the top of the Aibiga Ridge and finishes... near the Rosa Khutor ski resort that's the hub of the mountain events in Sochi. You're basically at the high point of the Caucasus Mountains at the start of this thing. In the clouds: View from the top of Rosa Khutor downhill skiing course in @Sochi2014 pic.twitter.com/3lPJ7qpks0 — David Bond (@DavidBondBBC) February 4, 2014 .@DougMillsNYT rolls into #Sochi and about an hour later he's on top of the Aibiga Ridge, home of the downhill. pic.twitter.com/7Grd50WxIC — NYT Sports (@NYTSports) February 3, 2014 The New York Times ran a nifty graphic yesterday that puts it in perspective: For more...
WASHINGTON (AP) -- U.S. productivity growth slowed in the fourth quarter while labor costs kept falling. For the year, productivity turned in another weak gain.
The trade deficit climbed 12% in December to $38.7 billion -- reversing the sharp drop in November -- mainly because the U.S. sold fewer heavy-duty goods such as airplanes to other countries. American... exports of petroleum hit another record high, however.
Average selling price of existing homes changing hands will rise by 2.1 per cent in 2014, then slow to an increase of 1.7 per cent next year, agency says
College Humor has a hilarious video about how Cinderella met her prince charming on social dating app Tinder. In the video, Cinderella is appropriately named "Tinderella," and Prince Charming goes by... "Princeton." Check it out, and be sure to watch until the end for the kicker. SEE ALSO: Dating App Tinder 'Very Briefly' Exposed User Location Data Join the conversation about this story »
Politicians love giving money to companies to create jobs, but the benefits are fleeting, at best The post Why corporate welfare doesn’t boost employment appeared first on Macleans.ca.
Europe is set to upgrade its ties with Cuba in a bid to broaden economic cooperation and demand more progress on respecting human rights and fundamental freedoms, a senior European…
Rising markets helped the private equity firm Kohlberg Kravis Roberts reap big gains from its investments.
By Randall Palmer OTTAWA
WASHINGTON (AP) -- The number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects....
Good morning, AdLand. Here's what you need to know today: A new report from YouGov's BrandIndex finds that while people loved Budweiser's "Puppy Love" Super Bowl ad, it didn't make them want to buy... more Budweiser. In fact, its survey found that people were actually marginally less likely to say they'd thought about buying a Budweiser in the days after the Super Bowl than they were during the pre-Super Bowl period. On the other hand, YouGov found that people were 6.6% more likely to say they'd thought about buying M&M's after the brand's less-heralded ad featuring the Yellow M&M getting kidnapped. Levi's announced its marketing needs will be met by a newly formed, customized agency team from Draftfacb Worldwide and The House Worldwide. The jeans giant split with Wieden+Kennedy this past...
The U.S. trade deficit increased in December after hitting a four-year low in November. But for the year, the deficit fell to its lowest point since 2009 as exports rose to an all-time high.
Two major studies have been launched to assess how community leaders can best prepare Southwest Louisiana for the multibillion-dollar industry expansions planned for the next decade.
General Motors Co. reports a decrease in profits as declines in the company's financial performance outside North America, especially the international and South America operations, erodes earnings.
Ferran Adri is a molecular gastronomer, avant-garde chef and multi-sensory food artist. As a current exhibition at The Drawing Center reveals, the man can also produce a pretty enchanting sketch. A... show titled "Ferran Adrià: Notes on Creativity" explores Adri 's less edible masterpieces -- the ones on paper -- exploring how drawing serves as the link between thinking and cooking. Plating Diagram, ca. 2000-2004, Colored pen on graph paper, Courtesy of elBullifoundation Adri made a name for himself as Chef de partie of the Spanish food mecca elBulli, where he worked from 1984 until 2011, when he closed the restaurant to transform it into a foundation. Throughout this period, Adri bewitched diners with his trademark conceptual dishes, incorporating unexpected elements like spoons, skewers,...
The chief executive of a mobile security company says leaders have to discuss small issues as well as big ones, lest employees jump to conclusions.
Amcu says salary negotiations are still on track two weeks into a strike at platinum mines, contradicting an announcement by producers that talks are deadlocked.
Families on low incomes are spending up to a third of their disposable income on their car, RAC figures suggest.
Donald Trump figured prominently in "Double Down," the gossipy chronicle of the 2012 presidential election, and the reality television star thought the authors were pretty good to him.
The number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects.
Twenty-First Century Fox says its fiscal second-quarter net income dropped 49 percent, mainly as a result of acquisition-related costs.
BERLIN (AP) -- German Chancellor Angela Merkel says she would be happy to see the former prime minister of Luxembourg as the conservative candidate to head the European Commission.
If you're using CSR to offset damage your company does, you're doing it wrong.
It's easy to make fun of startup branding in 2014. It's also easy to forget how impactful branding can be on a given startup's fate.
In the three months through December, Apple gained 1.2 percentage points of smartphone market share in the U.S., according to new comScore data, bolstered by sales of Apple's new iPhone lineup, the... 5S and 5C. Every other competing platform lost market share to Apple during the quarter. Apple now holds about 41.8% market share, up from 40.6% in September. Across the board, growth in U.S. smartphone penetration is slowing, and the market is becoming more static. So while Apple didn't increase its market share hugely, the company still outperformed competitors. Since September, Apple's U.S. user base has grown about 9% to just over 65 million users, from 60 million in September. That outpaces the rate of growth in smartphone users for the entire U.S. market, which increased 5% between...
Dr. Jeff Wilson, aka "Professor Dumpster," will live in a trash bin for one year to prove Americans need to downsize.
VATICAN CITY (AP) -- Pope Francis came under new pressure Wednesday to punish bishops who covered up for pedophile priests when a U.N. human rights panel accused the Vatican of systematically... protecting its reputation instead of looking out for the safety of children.
Microsoft just announced a new CEO. He's Satya Nadella, a 22-year Microsoft veteran, and he takes over from Steve Ballmer, who became CEO in January, 2000. It's unclear whether Nadella will make any... radical changes at Microsoft. But there's one thing I'd love to see him do right away, and that is drop the nutso anti-Google "Scroogled" campaign that Microsoft has been running for the past two years. For good measure Nadella should boot Mark Penn, the political hatchet man and Ballmer appointee who orchestrated this idiotic crusade. The Scroogled campaign has been silly, pointless and, worst of all, completely ineffective. It has made Microsoft look worse instead of better. It is by far the stupidest and most embarrassing marketing campaign I've ever seen in a career of covering technology....
General Motors posted a weaker-than-expected fourth-quarter profit as results in North America, Asia and South America disappointed.
Sparklines are word-sized charts that live in individual cells. This great feature was added to Excel in 2010 but still remains massively underutilized. Produced by Sara Silverstein NOW... WATCH: These Excel Text Tricks Will Save Your Life When Cleaning Up Disorganized Data Follow BI Video: On Facebook Join the conversation about this story »
State lawmakers are wading into the debate over drones this year with proposals to encourage development of the technology while also setting limits for government use.
Vodafone to buy nearly 11% stake in India unit from Piramal Enterprises and rest held by investors to own 100%
WASHINGTON (AP) -- Climate change is already hurting American farmers and rural residents, Agriculture Secretary Tom Vilsack said Wednesday, warning that the U.S. would regret any failure to adapt and... prepare for shifting weather realities. Unveiling a new effort to coordinate the government's response, Vilsack said extreme weather events have already taken the U.S. by surprise, putting ranchers and others out of business. He pointed to the intensity and frequency of recent storms, long droughts, snowstorms and subzero weather as evidence that climate change is no longer hypothetical or in the future. "The combination of all those factors convinces me that the climate is changing, and it's going to have its impact, and will have its impact, and is having its impact on agriculture and...
Dong Nguyen, developer behind 'Flappy Bird' has admitted that he basically just "got lucky". Nguyen Ha Dong, the mind behind the inexplicably popular iOS and Android game, said that he was shocked to... see the game rise to the top of virtually every App Store chart going, almost overnight. Dong, who is from Hanoi, Vietnam, has two other titles in the App Store top 10 free apps chart, making for an unprecedented three places for a small-scale publisher. And while they're free, don't think he's not making money - all of the games carry advertising, and all are doing well. He told Techcrunch: "I don't know how my games can be so popular. Most of my players are kids in schools. I would like to thanks them for playing my game and sharing it to other people." Dong's other games - Super Ball...
Sub-Saharan Africa attracted $1.6 billion of private equity investment in 2013, the most in five years.
Statistics Canada reports the trade deficit widened to $1.7-billion in December, from $1.5-billion in November
Diesel Loco Modernization Works had filed a complaint in the matter following which a case was registered
Statutory recognized agency does not register cases against individuals but only takes up investigations
Ssangyong will use the engine in its X100 compact sport utility vehicle to be launched next year, says Pawan Goenka
OTTAWA - Statistics Canada says the country's trade deficit widened to $1.7 billion in December from $1.5 billion in November. The increase came as merchandise imports grew 1.2 per cent and exports... increased 0.9 per cent in December. Imports grew to $41.4 billion, with higher imports of energy products leading the way. Exports rose to $39.7 billion as increases in most sectors were slightly offset by declines in energy products, farm, fishing and intermediate food products and motor vehicles and parts. Exports to the United States rose 1.2 per cent to $30 billion, while imports declined 0.4 per cent to $27.1 billion. Canada's trade surplus with the U.S. rose to $2.9 billion from $2.4 billion in November. Imports from countries other than the United States rose 4.3 per cent to $14.2 billion...
SOCHI, Russia (AP) -- Russia's deputy prime minister has confirmed the Kremlin's view on gay rights in Sochi, asking athletes to "leave the kids alone."
(Reuters) - Rupert Murdoch's 21st Century Fox, the television and film company that split from News Corp last June, posted higher December quarter revenue, driven by advertising growth at its sports... channels and European satellite business.
WASHINGTON - The number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects. The Labor... Department said the four-week average, a less volatile measure, ticked up 250 to 334,000. That remains near pre-recession levels and serves as evidence that job losses have waned. A total of 3.47 million Americans received benefits as of Jan. 18, down from 3.58 million the week before. The January employment report being released Friday by the Labor Department will show whether hiring has improved. A scant 74,000 jobs were added in December, the fewest in three years. Most economists forecast that hiring will rebound in January to roughly match the monthly average of 185,000 jobs gained over...
December trade deficit widened to $1.7-billion, from $1.5-billion in November
TORONTO - The Canadian dollar advanced late morning Thursday even as government data showed the country's international trade position worsened in December. The loonie shed early losses to move up... 0.17 of a cent to 90.42 cents US after Statistics Canada reported the trade deficit was $1.7 billion in December. That was up from a revised deficit figure for November, which StatsCan increased to $1.5 billion from $900 million. The agency reported that merchandise imports grew by 1.2 per cent in December while exports increased 0.9 per cent. The loonie gained while the greenback weakened after European Central Bank president Mario Draghi said he didn't expect deflation to take hold in Europe because there was no downward price spiral feeding on itself. Earlier in the day, the ECB opted to leave...
TORONTO - The Canadian dollar was slightly lower Thursday as Canada's trade position worsened in December. The loonie was down 0.08 of a cent to 90.15 cents US as Statistics Canada reported that the... trade deficit widened to $1.7 billion in December, from $1.5 billion in November. The agency reported that merchandise imports grew by 1.2 per cent in December while exports increased 0.9 per cent. Traders are now focused on Canadian employment data for January which comes out Friday. Economists looked for a gain of about 20,000 jobs. The U.S. government's employment report for January also comes out Friday. Economists expect that 183,000 jobs were created during the month following a meagre 57,000 gain in December that was largely blamed on the weather. On Thursday, traders took in the latest...
While it is too early to speculate on the strategy the company might adopt going forward, this appointment signals Microsoft's strong commitment to business growth through its cloud offering, which... registered over 100% growth last fiscal.
U.S. productivity slowed in the fourth quarter while labor costs kept falling. For the year, productivity turned in another weak gain.
US stock index futures advanced, ahead of a rate decision by the European Central Bank, as well as US labour market data.
Although we expect strong growth from LinkedIn in the upcoming quarterly results, the figures may come down sequentially. The expenses are likely to remain on the higher side, which puts the market... valuation under doubt. Several research houses have neutral rating on LinkedIn especially after the recent pullback in the stock. Here is what you can e
TORONTO - The Toronto stock market was higher Thursday, supported in part by a well-received earnings report from telecom giant BCE Inc. (TSX:BCE) and positive U.S. jobs data. The S&P/TSX composite... index ran ahead 78.85 points to 13,638.54 as BCE posted quarterly adjusted net earnings of $540 million or 70 cents a share, beating estimates by a penny. BCE also upped its dividend six per cent to $2.47 a year and its shares gained 66 cents or 1.45 per cent to $46.03. The Canadian dollar was down 0.03 of a cent to 90.22 cents US as Statistics Canada reported the trade deficit widened from $1.5 billion in November to $1.7 billion in December. U.S. indexes were also positive as jobless insurance claims, viewed as a proxy for layoffs, fell by a greater than expected 20,000 to 331,000 for last...
I vividly recall my hunt for a newspaper job in 1974 after getting an undergrad degree in journalism. I went to school in Iowa City, so the natural choices were The Cedar Rapids Gazette or The Des... Moines Register, but after four years in Iowa I wanted out. Instead, I mailed a dozen or more resumes to once great papers like The Baltimore Sun, The Times Picayune and The Miami Herald. Actually, my sights were set on The Milwaukee Journal. I got an interview, nothing more. The others sent rejection letters that I hung on my bedroom wall. A last-minute visit to The Wall Street Journal on LaSalle Street in Chicago (a bastion for Midwest grads) led to an editing test at Dow Jones in New York City -- and my first job as a newswire copy editor for $12,500.
Over the last year, Hartford has been restructuring its business to focus on P&C insurance, and the division accounted for 80% of the company's earnings from continuing operations in P&C insurance,... group benefits and mutual funds. Lower catastrophe related losses and underwriting discipline helped Hartford expand margins; catastrophe losses for the quarter were $28 million, down substantially from $335 million in the prior year.
The European Central Bank left interest rates unchanged, holding off fresh policy action to combat the threat of deflation.
Passenger cars to be introduced with advanced technologies within 2015
Israel's 90-year-old president, a Nobel Peace Prize winner, has added another title to his extensive repertoire: holder of a Guinness record.
User engagement is fading, and so are the company's shares.
Citigroup Inc has agreed to pay $110 million US to thousands of homeowners who were forcibly charged expensive property insurance premiums, a court filing showed, as several U.S. banks and insurers... were criticized by regulators over such practices.
Initial claims for state unemployment benefits declined 20,000 to a seasonally adjusted 331,000
For the full year, the medical device maker's revenues grew 2% y-o-y to $7.143 billion on a constant currency basis, driven by 7% growth in Endoscopy and 6% growth in Peripheral Interventions. The... company gained from increasing acceptance of its new products and expansion in emerging markets. Boston Scientific expects its sales to grow to $7.3-$7.5 billion in 2014, an increase of 3-5% over 2013 on a constant currency basis.
Trade gap increased 12 per cent to $38.7-billion, Commerce Department says
Govt has constituted an inter-ministerial committee to investigate the matter after a media report alleged of hacking by the China telecom company
The Bank of England kept its monetary policy unchanged.
WASHINGTON - U.S. productivity slowed in the fourth quarter while labour costs kept falling. For the year, productivity turned in another weak gain. The Labor Department says productivity grew at an... annual rate of 3.2 per cent in the October-December period, down slightly from a 3.6 per cent growth rate in the third quarter. Labor costs fell at a 1.6 per cent rate in the fourth quarter after an even bigger 2 per cent rate of decline in the third quarter. For the year, productivity rose a slight 0.6 per cent, down from a 1.5 per cent increase in 2012, and the weakest performance since an 0.5 per cent rise in 2011. Labor costs edged up a slight 1 per cent in 2013, continuing a trend of modest gains in labour costs.
General Motors' fourth-quarter profit rose 2 percent from a year ago, but the company fell short of Wall Street expectations as it spent heavily to restructure outside the U.S.
The number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects.
The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labour market outlook and the broader economy.
The company had suffered a production loss of 10.8 million barrels and had failed achieve the stipulated 10% internal rate of return.
Welcome to Wonkbook, Wonkblog's morning policy news primer by Evan Soltas. To subscribe by e-mail, click here. Send comments, criticism, or ideas to Wonkbook at Washpost dot com. To
U.K. tech and venture could use a boost to measure up to Silicon Valley or even Silicon Dragon levels.
What cool new products are you using? We all ask this question. It's a common conversation starter, especially in the startup community. I'm particularly fond of this topic--I enjoy geeking out about... products, writing design deconstructions, and swapping discoveries with smart folks. But these conversations provide more than just entertainment value: They are also a great […]
MOSCOW (AP) -- When the Sochi Winter Olympics begin Friday, many will be watching to see whether Russia will enforce its law banning gay "propaganda" to minors if athletes, fans or activists wave... rainbow flags or speak out in protest.
Wet Seal expects to report a bigger fourth-quarter loss than previously projected due to lower-than-expected sales and more promotional activity than it had anticipated.
Kellogg is profitable again this fourth quarter, buoyed by the repricing of some assets based on market conditions.
An interview with Stephen Wetmore The post Canadian Tire’s CEO on going high-tech and beating back Target appeared first on Macleans.ca.
Drugstore operator says fourth-quarter profit fell to $169.4-million, from $174.7-million a year earlier
Businesses should aim high or low and not get stuck in the middle.
MONTREAL - BCE Inc. (TSX:BCE) is raising its quarterly dividend and predicting its 2014 adjusted earnings will be up more than three per cent compared with last year, building on growth at its Bell... subsidiary.
Mumbai developers are rushing in big time with pre-launch of residential apartments, in a move to energise a dull real estate market
Kellogg is profitable again this fourth quarter, buoyed by the repricing of some assets based on market conditions. The maker of Frosted Flakes, Pop Tarts, Eggo waffles and other items earned $818... million, or $2.24 per share, for the period ended Dec. 28. That compares with a loss of $32 million, or 9 cents per share, a year earlier. This quarter included a $1.83 per share benefit from repricing certain assets, so-called "mark-to-market adjustments." Those adjustments were driven by the impact that asset returns and changes in interest rates had on pension plans, according to Kellogg. Removing the benefit and other items, earnings were 83 cents per share, still a penny better than what analysts polled by FactSet had expected. Revenue for the Battle Creek, Mich. company dipped 2 per cent to...
On the 40th anniversary of his career as one of Australia's most trusted economic commentators, Ross Gittins nominates the 10 reforms that helped transform Australia from closeted financial backwater... to one of the most prosperous countries in the world.
On the 40th anniversary of his career as one of Australia's most trusted economic commentators, Ross Gittins nominates the 10 reforms that helped transform Australia from closeted financial backwater... to one of the most prosperous countries in the world.
Analysts say Cummins will do well once the market recovers; most brokerages keep rating on the stock unchanged
3 new bikes launched at Auto Expo
The offer is part of Govt plan to garner Rs 40,000 cr through disinvestment in the current fiscal
(Kitco News) - It was the “flash crash” of May 2010 that woke Eric Scott Hunsader to the idea that high-frequency trading might have a hand in trading disruptions.
January was a volatile month for equity markets
(Kitco News) - Gold prices are modestly higher in early U.S. trading Thursday, on some mild safe-haven demand and on more technical buying. Trading could be quieter Thursday ahead of Friday’s... all-important U.S. employment report from the Labor Department. April gold was last up $4.30 at $1,261.10 an ounce. Spot gold was last quoted up $4.10 at $1262.25. March Comex silver last traded up $0.225 at $20.03 an ounce.
The ability to manage your emotions and remain calm under pressure has a direct link to your performance. TalentSmart has conducted research with more than a million people, and we’ve found that 90%... of top performers are skilled at managing their emotions in times of stress in order to remain calm and in control. If you've followed my work, you’ve read some startling research summaries that explore the havoc stress can wreak on one’s physical and mental health (such as the Yale study, which found that prolonged stress causes degeneration in the area of the brain responsible for self-control). The tricky thing about stress (and the anxiety that comes with it) is that it’s an absolutely necessary emotion. Our brains are wired such that it’s difficult to take action until we feel at...
Value investors will look for stocks that are trading at a price below their fundamental value
After five years of double-dip recession, Spain's economy seems to have stopped sinking. But the recovery will be a prolonged one. Despite having fallen almost 40 percent since the housing bubble... burst in late 2007, home prices in the euro zone's fourth-largest economy are expected to drop by another 10 percent to 15 percent before they stabilize. "Recovery in the housing sector in Spain hinges on an improvement in employment and access to credit, both of which are prey to uncertainty," Souheir Asba, an analyst at Societe Generale, said in a note.
As the world digs out from the economic downturn of 2009, it seems that annual growth in global defense spending is back. Total global defense spending rose 0.6 percent from $1.538 trillion to $1.547... trillion, according to a forecast released Tuesday in London from IHS Jane's Aerospace, Defence & Security. If the forecast proves accurate, it will be the first time since 2009 that the world grew spending on military hardware and armies since 2009.
After a decade-long love affair with emerging markets, investors turned to "frontier markets" as the latest in investment chic, pinpointing markets where both risks and rewards were substantial. But... recent troubles in Argentina, once a common example of a promising frontier market, may make frontier market specialists rethink their strategies.
The Mexican region of Michoacán has not had the best of months -- or even years. The state, bordering the Atlantic ocean in the west of the country, has spent the last year, particularly the last... four weeks, in a deeply violent riot between drug traffickers, Mexican police and armed residents, in an effort to control one of the most impoverished, crime-ridden parts of the country.
Consumers are skeptical of using alternative forms of currency like Bitcoin, a five-year old digital currency, a recent nationwide survey by TheStreet (Nasdaq: TST) found. Seventy-nine percent of... consumers said they would never consider using an alternative currency like Bitcoin. Most consumers (76 percent) are not familiar with Bitcoin, and 80 percent would rather own gold than Bitcoin, the survey, which was released Wednesday, found.
India's economic growth is likely to accelerate 5.6 per cent in 2014-15 from the projected growth of less than five per cent in the current fiscal ending March, according to economic think-tank NCAER....
The Swiss bank's net income increased nearly 2 percent, after setting aside funds to cover costs for mortgage litigation and a tax dispute.
Extension gives Sinha more time to continue pursuing reforms aimed at bringing more transparency to bourses
While coming as little surprise, economists said the latest verdict would set the scene for the demise of forward guidance, which has only been in place since last August.
Imagine your insurance company paying you for healthier behavior, such as taking your vitamins or medications as directed, going for daily walks, or not eating that second dessert. That day may not be... very far away. The healthcare industry is moving from a "fee for service" to a "fee for outcome" model. With the emphasis shifting to preventive care, your insurance company will want to encourage you to do things that keep you healthy and out of hospitals, because it will save them money in the long run.
Despite an absence of new titles during the September quarter, the company was able beat market expectations and its own guidance, earning more than 60% of its non-GAAP revenues from digital streams.
Postal workers have voted overwhelmingly to accept what their trade union called "a ground-breaking" pay deal.
By CALVIN WOODWARD, THE ASSOCIATED PRESS WASHINGTON (AP) -- New estimates that President Barack Obama's health care law will encourage millions of Americans to leave the workforce or reduce their work... hours have touched off an I-told-you-so chorus from Republicans, who've claimed all along that the law will kill jobs. But some aren't telling it straight. The analysis by the nonpartisan Congressional Budget Office predicts the law will give several million people an opportunity to work less or not at all, because they won't be stuck in jobs just for the sake of keeping the health insurance they get from employers. To some Republicans, that amounts to "wreaking havoc on working families," ''dire consequences for workers" and a shower of pink slips across the land -- conclusions unsupported...
The rupee on Thursday appreciated 20 paise to end at 62.37, its highest in two weeks, on positive trends in local equities and fresh dollar selling by exporters.
GVK Power and Infra attributes loss to stoppage of gas supply for two of its power plants and reduced supply to one plant
The latest terror threat around the Sochi Olympics, which began competition Thursday, could lie in a tube of toothpaste.
WASHINGTON (AP) -- Defense Secretary Chuck Hagel wants military leaders to inject more urgency into ensuring "moral character and moral courage" in a force suffering a rash of ethical lapses.
Disinvestment Department hare sale in says HAL would be the last divestment this financial year
DANGJIN, South Korea (AP) -- Several bears lie on top of each other, as still as teddy bears, as they gaze out past rusty iron bars. Others pace restlessly. The ground below their metal cages is... littered with feces, Krispy Kreme doughnuts, dog food and fruit. They've been kept in these dirty pens since birth, bred for a single purpose: to be killed for their bile.
Investec said it’s considering the sale of its London-based mortgage business after a recovery in the British home-loan market.
Despite the decorum of calm in capital markets, event risk is to become the order of the day. For the next two-trading sessions, central bank interest rate and North American employment announcements... are capable of setting a 'new' market tone and direction for the foreseeable future. This morning, North America will wake to the thoughts of the Bank of England (BoE) and the European Central Bank (ECB), with mainland Europe particularly in focus. Central banks' views on their own rates to combat domestic inflation and encourage growth will eventually filter throughout the whole capital system network and provide investors with a choice of trading opportunities. For too long the collective decision that led to the global low-rate environment -- dictated to investors by policymakers -- has...
County commissioners have agreed to buy MacBook Air laptop computers for all students in grades 6 through 12 in the Iredell-Statesville Schools.
"It was kind of like being endorsed by Charles Manson." That's how City Councilman Chris Turner of Coralville, Iowa described the support of the Koch brothers in his small town election on Wednesday's... "Daily Show." Correspondent Jason Jones headed to the city of 20,000 to investigate why the Koches and their Americans for Prosperity super PAC have been propping up conservative candidates in small towns. Mayor John Lundell told Jones that most citizens of the town felt that the presence of AFP had brought "an air of ugliness" to the typically well-mannered city. Councilman Turner, who told Jones that he tied for last, agreed that their election methods were "reprehensible." Vice President Joe Biden even gave Lundell a congratulatory phone call last November when Koch-run campaigns were...
Turkey's new Internet restrictions are raising concerns the government is trying control the flow of information amid a corruption scandal, and a senior European official on Thursday called the... measures "a step back" for media freedom.
Clear Lake officials have been working on landing a regional warehouse and distribution project that could bring more than 160 new jobs to the area.
Although the company has not yet revealed the time frame for these investments
The company is aiming business expansion in Africa and Latin America.
What happens when your credit card information is among the millions stolen from a major retailer? Nothing good.
Mozambique is close to finalising a new fiscal regime for its mining and petroleum sectors and may raise royalty taxes for coal, its key export commodity, the deputy mines minister said.
NEW YORK (AP) -- Instead of singing, Madonna and Pussy Riot spoke with passion about human rights issues at a concert for Amnesty International.
The benchmark 10-year bond yield ends 1 basis point higher at 8.72%
It's not what business you are in today, but what business you should be in tomorrow.
When it comes to picking a place to start your company, it can helpful to know a region’s strengths. If you’re working on a political or education startup, DC is a great place to be. Adtech finds... a great home in New York, and there are various cities around the country that support healthcare or […]
Truck maker AB Volvo said it plans to lay off 4,400 employees this year as it revealed a 37 percent slide in fourth quarter profits.
FLEXIGROUP has signalled more acquisitions are off the cards as chief Tarek Robbiati turns his focus to integrating its recent deal.
WOOLWORTHS' food and liquor has reported its strongest quarterly sales growth in more than two years despite cutting prices.
Councilman Jose Huizar says new real estate guidelines will allow for full revitalization of historic Broadway buildings that have sat mostly empty for decades.Broadway, the sparkling entertainment... district of mid-20th-century Los Angeles, had a long fall.
ASCIANO will push back the completion date of its Port Botany project after crucial automation equipment was damaged.
WESTFIELD Group is facing resistance to its break-up plan from investors in Westfield Retail Trust
THE competition watchdog has flagged that it will block AGL Energy from buying big Hunter Valley coal-power stations.
REAL estate company CBRE's Pacific business has reported a 22 per cent jump in gross revenue in the fourth quarter of 2013.
JOE Hockey has issued a clarion call for the world's 20 biggest economies to cut regulation and shrink government.
TABCORP Holdings is turning to the rollout of its gaming machine services business in NSW for growth.
County commissioners have agreed to buy MacBook Air laptop computers for all students in grades 6 through 12 in the Iredell-Statesville Schools.
TONY Sage says he is being personally investigated because of an "oversight" in which he failed to declare share options.
BHP Billiton chief executive Andrew Mackenzie has declared that "an evangelism" is required to resist protectionism.
THE big banks have "materially" loosened lending standards to homeowners and large companies in the past six months, a survey has found.
AUSTRALIA'S fifth-largest grain trading company Emerald Grain has been wholly acquired by Japan's massive Sumitomo Corporation.
CBS is ready for some more football.
Computers built on the principles of quantum physics--as opposed to ‘classical’ physics--promise a revolution on the order of the invention of the microprocessor or the splitting of the atom.... D-Wave, a small Canadian company backed by Jeff Bezos, NASA, and the CIA among others, is the first firm to sell a so-called quantum computer--at roughly $10 million a pop. The vast increase in power could revolutionize fields as disparate as medicine, space exploration, and artificial intelligence. In this week’s TIME cover story, Lev Grossman writes that D-Wave’s machines are “so radical and strange, people are still trying to figure out what it's for and how to use it.” We live in the age of Big Data, burying ourselves in information--search queries, genomes, credit-card purchases,...
MONTREAL - Bombardier Inc. (TSX:BBD.B) is in line to get a US$1.6-billion contract to supply trains and a depot for London's transportation system. The British government announced Thursday that it... intends to award a billion-pound contract to Bombardier, after a 10-day waiting period. Under the deal, Bombardier's rail division will supply 65 trains and a maintenance depot for Crossrail. Bombardier confirmed it has been notified of the Crossrail decision and said its Aventra trains have been designed and developed in the U.K. The trains will be manufactured and assembled at a Bombardier plant in Derby, England, a long-time centre of rail manufacturing. Bombardier says it has 1,600 employees doing design, engineering and manufacturing work at its Derby location. The U.K. transportation...
UK house prices in the three months to January were 1.9% higher than in the previous three months, taking the average price of a home to £175,546, according to the latest figures from the Halifax... published today (Thursday 06 February). On an month on month basis prices increased by 1.1% in January while prices in the three months to January were 7.3% higher than in the same three months a year earlier. This was marginally lower than December’s figure of 7.5%. The report points out that a lack of supply coming on to the market is adding upward pressure on prices at a time when the number of home owners providing instructions to put their property on the market for sale has increased only marginally. ‘With the supply of properties being slow to respond to more buoyant market conditions,...
Published every weekday, the Switchboard highlights five tech policy stories you need to read. Turkey lawmakers adopt 'Orwellian' Internet curbs. "The text notably permits a government agency, the... Telecommunications Communications Presidency (TIB), to block access to websites without court authorization if they are deemed to violate privacy or with content seen as 'insulting,'" AFP reports.
Sony warned it would book a $1.08 billion annual loss and cut 5,000 jobs while exiting the stagnant PC market this year.