Latest Breaking Business News
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Irish Pensions Burton refuses to rule out new raid on private pension funds
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
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Airlines performance improves lags other industries U.S. poll
(Reuters) - U.S. consumers are more satisfied with airlines in recent years but the industry still gets relatively low marks, mainly due to the onboard experience, according to a new customer poll released on ...
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Analysis Companies may turn to courts on U.S. natural gas export push
WASHINGTON (Reuters) - U.S. companies hoping to export natural gas are frustrated by lengthy delays and rule changes as they await U.S. Department of Energy approval of their applications and may turn to the courts to speed up the ...
More Breaking Business News
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Insight Why Citi wants to rack up U.S. taxes
The third-largest U.S. bank tried to buy the foundering Wachovia Corp in the fall of 2008 in part because the deal would have brought it more taxable domestic income, a person familiar with the matter ...
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Best Buy founder Richard Schulze plans billion-dollar foundation
Best Buy Co. Inc. and its single-largest shareholder, plans to gradually expand the size of his $100 million family foundation to about $1 billion and donate most of the money in hopes of "meaningful, transformational change," primarily in K-12 education and medical ...
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Facebook CEO Mark Zuckerberg SKorean president discuss South Korean startups
SEOUL, South Korea -- Facebook CEO Mark Zuckerberg has met South Korean President Park Geun-hye in Seoul to discuss ways to stimulate entrepreneurship and venture firms in Asia's fourth-largest economy. Park's office said Zuckerberg assured the South Korean leader that Facebook would continue to invest in the country, and he invited South Korean firms to jump on Facebook to reach ...
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Oil prices nearly unchanged as traders wait for results from US central bank policy meeting
BANGKOK -- The price of U.S. benchmark oil rose slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. Benchmark oil for July delivery rose 5 cents to $97.82 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. On Monday, the contract fell slightly after it climbed to $98.74, its ...
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Drying out on Water Street
REALTY CHECK Although the Water Street and Front Street office tower corridors look much closer to normal than they did a few months ago, several buildings are still not yet 100 percent restored after Superstorm Sandy, and some stores and cafes remain closed.But one address that’s mostly recovered is Jack Resnick & Sons’ 199 Water St., which just signed two full-floor leases ...
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Dow balloon really pinata
Mortgage rates have risen to an average of 3.49 percent during that same period, up from 2.93 percent. And there are ominous signs for the months ahead. For one thing, foreign investors in April sold a record $30.8 billion in Treasury debt. If foreigners lose faith in Washington’s IOUs, then, well, it’s all over. But Wall Street doesn’t seem to mind. Yesterday, the Dow Jones ...
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USTA isn’t feelin’ the love for Williams doc
Don’t slam professional tennis. That’s the message being served by the United States Tennis Association, which is suing the makers of a new documentary on Venus and Serena Williams for copyright infringement, claiming they used unflattering footage - including Serena’s infamous outburst during the 2009 US Open - without permission."The USTA declined [the] request to ...
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Cavalier shares fall after earnings warning – layoffs likely
Shares in Cavalier Corp fell 1.8 percent after the carpet-maker warned annual earnings will be at the bottom end of guidance and signalled a $1 million cash hit as it consolidates its tufting operation. The Australian operating environment "remains very subdued" and normalised earnings will be at the bottom end of the $6 million to $10 million forecast for the year ending June 30, ...
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Lib Dems under pressure to support Robin Hood tax in break with coalition
Liberal Democrats will on Tuesday face pressure to break ranks with their coalition partners by voting in favour of the principle of a financial transaction ...
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Court appoints lead plaintiff in shareholder lawsuit against SAC
Pension fund City of Birmingham Retirement and Relief System has been named as the lead representative party, who will act on behalf of other co-litigants in directing the lawsuit, according to a court order on ...
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Chrysler expected to formally refuse governments request to recall older Jeeps for fire risk
DETROIT -- Chrysler is expected to file papers Tuesday explaining its refusal to recall 2.7 million older Jeep SUVs. The U.S. government asked Chrysler earlier this month to recall Grand Cherokees and Libertys because the position of the fuel tank leaves it susceptible to rupture in a rear-end crash. The ruptured tank can spill gasoline, which can ignite if an ignition source is present. The ...
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Report Teacher training programs not selective enough do not prepare educators for classroom
WASHINGTON -- The nation's teacher-training programs do not adequately prepare would-be educators for the classroom, even as they produce almost triple the number of graduates needed, according to a survey of more than 1,000 programs released Tuesday. The National Council on Teacher Quality review is a scathing assessment of colleges' education programs and their admission standards, ...
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Report Slowdown in US health care costs may turn into a trend not a pause
WASHINGTON -- There's good news for most companies that provide health benefits for their employees: America's slowdown in medical costs may be turning into a trend, rather than a mere pause. A report Tuesday from accounting and consulting giant PwC projects lower overall growth in medical costs for next year, even as the economy gains strength and millions of uninsured people receive ...
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Health Care Inflation Slowing Down
Already sluggish health-care inflation is expected to slow down even more in 2014 as consumers, employers and the federal government continue looking to cut medical costs, a new report said Tuesday. And the rate of health-care inflation--as distinct from total medical spending--could drop further in future years as Obamacare rolls out and employers and consumers pay greater attention to costs, ...
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Asia Markets Most Asian stocks drop in choppy trade before Fed
HONG KONG (MarketWatch) -- Most Asian markets retreated Tuesday in choppy trade as investors pondered whether the U.S. Federal Reserve will maintain its monthly bond purchases, with Hong Kong stocks dragged lower by a drop in mainland Chinese property and banking ...
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Obama says Bernanke has stayed a lot longer than he wanted at Fed
U.S. President Barack Obama meets with Chairman of the Federal Reserve Ben Bernanke in the Oval Office of the White House in Washington, in this June 29, 2010 file ...
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NTSB urges backup system to protect track work crews after Metro-North foreman killed in Conn.
HARTFORD, Conn. -- The National Transportation Safety Board has issued an urgent safety recommendation after a railroad track foreman was struck and killed by a passenger train last month in Connecticut. The agency Monday urged the Metro-North Railroad to provide backup protection for track maintenance crews that now depend on train dispatchers. Foreman Robert Luden was killed May 28 in West ...
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Microsoft swaps Outlook.com linked accounts for aliases
"It's a new world" out there in terms of digital identity and security, Microsoft said Monday. And, this world is far more dangerous than it used to be. In order to mitigate e-mail infiltration by hackers and wrongdoers, Microsoft has announced that it's tossing linked accounts for ...
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China May home prices rise at fastest pace this year
BEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing ...
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Japan says G8 stance is sign of approval for Abenomics
British Prime Minister David Cameron (L) welcomes Japanese Prime Minister Shinzo Abe for the first plenary session of the G8 Summit at Lough Erne in Enniskillen, Northern Ireland June 17, ...
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The Wolf on Wall Street Trailer Shows Leonardo DiCaprio Rolling in Mega-Wealth Debauchery
(Paramount Pictures/YouTube) The newly-released trailer for ';The Wolf of Wall Street,'; starring Leonardo DiCaprio, gives a first glimpse at Martin Scorsese’s new crime thriller about the wealth of Wall Street moguls in the ...
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Targets narrow vote on executive pay suggests shareholder discontent
Despite Target's healthy stock price, investors last week approved the retailer's executive compensation policies with just 52.1 percent of the vote, a stunning rebuke to a company that Wall Street has long regarded as one of the best-run in the ...
Omaha Feature
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Omaha makes move to develop Midtown
TIFs have their critics, but the progress thus far seems to show that incremental tax financing may work in Midtown Omaha and provide the investment that some pockets of the neighborhood need to revitalize the area.
Omaha is the commercial and transport hub of Nebraska, it is the state’s largest city and is the home to five fortune 500 companies and has been named by Forbes as the “Best Bang-For-The-Buck” city in the US and one of those leading the country’s recovery. Read more
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