Latest Breaking Business News
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MARKET SNAPSHOT U.S. Stocks Rise After Fed Officials QE Signal
NEW YORK – U.S. stocks rose on Tuesday, with the Dow industrials and S&P 500 finishing at record highs, after comments from two Federal Reserve officials suggested that the central bank is not close to tapering its bond-buying program.The Dow Jones Industrial Average (DJI) gained 52.30 points, or 0.3%, to end at 15,387.58, notching its 19th consecutive Tuesday rise.The S&P 500 ...
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Is the SP 500 Cheap
Factset wrote:"The forward 12-month P/E ratio for the S&P 500 now stands at 14.4, based on yesterday's closing price (1650.47) and forward 12-month EPS estimate ($114.94). This is the highest forward 12-month P/E ratio logged by the S&P 500 in more than three years (April 2010). Given the high values driving the P in the P/E ratio, how does this 14.4 P/E ratio compare to ...
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Xbox One Specifications Revealed at Microsoft Event
The company not only announced the hardware, but also confirmed the name of the system that was previously rumored to be called the Xbox 720 or Durango.The console features 8GB of RAM, an 8-Core CPU, 500GB hard drive, a Blu-ray drive, HDMI in and out ports, USB 3.0, 802.11n wireless, and a built-in Kinect sensor. Microsoft described the Xbox One as an "all in one system" that is made ...
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Best Buy Canada and Winners parent TJX see first-quarter slide
Under pressure from stiff competition, Best Buy Co.'s Canadian same-store sales fell in the first quarter but executives are hopeful a new cost reductions strategy will take hold in the wake of a broad restructuring of its international operations last year. "We are in early innings," chief financial officer Sharon McCollam told investors on a conference call to discuss financial ...
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Unions flag safety concerns at CP Rail as railway ramps up efficiency efforts
Concerns are being raised that efforts to improve efficiency at Canadian Pacific Railway Ltd. are contributing to a series of accidents at the railroad in recent months, including two more this week. The country's second-largest railway is in the midst of a massive restructuring under its new chief executive, Hunter Harrison, aimed at righting the railway's chronic underperformance. ...
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OPB Finance Trust is latest pension fund to issue debt
Less than a dozen years back, pension funds weren't in the habit of raising long-term capital by issuing bonds on a private placement basis. But that changed in late 2001, when Ontrea Inc., a wholly owned real estate subsidiary of The Ontario Teachers’ Pension Plan Board, raised $600-million of 10-year debt at 5.70%. That AAA-rated issue was a hot commodity, so hot that a road show ...
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Stocks turn higher after reassuring words from Fed official Home Depot gains after earnings
NEW YORK, N.Y. - Stocks are closing higher on Wall Street as investors bank on continued support from the Federal Reserve. The Dow Jones industrial average rose 52 points to close at 15,387 Tuesday, an increase of 0.3 per cent. The Standard & Poor's 500 index rose three points to 1,669, or 0.2 per cent. The Nasdaq composite rise five to 3,502, or 0.2 per cent. Stock indexes wobbled ...
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Video Microsoft announces Xbox One
NASA's GOES-13 satellite captured images of the storm system that sparked tornadoes in the middle of the country. The video includes images of the twister left dozens of people dead in Moore, ...
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Watch Apple CEO We Pay All the Taxes We Owe
I am not an unfair person. That's not who we yours accompany Apple's chief executive Timothy Cook this morning. Defending the global technology powerhouse from accusations -- -- tens of billions of dollars from US tax collectors. Apple CEO was adamant it's the tax code that needs fixing and not what he called. Apple sensible corporate behavior we pay all the taxes we -- Every ...
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Nutella Crisis Averted as Maker Caves
Fans of Nutella can once again breathe easy--at least the ones not allergic to nuts. Great had been their disbelief in recent days, following the announcement by Sara Rosso, founder of World Nutella Day and foremost amateur champion of the peanut butter-like hazlenut spread, that she would be cancelling her annual February 5 event and taking down her nut-worshiping website. These steps, ...
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JPMorgans CEO Keeps Dual Role
Jamie Dimon, chairman and CEO of JPMorgan Chase, left, and an unidentified man leave the company's annual shareholders meeting in Tampa, Fla., May 21, ...
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IMF to urge Britain to dump shares in Lloyds and RBS
International Monetary Fund (IMF) is set to tell the British government to dump its stakes in Royal Bank of Scotland and Lloyds following their bail-out during the financial crisis, The Times reported on Tuesday. An IMF report on the state of the ...
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Carlos Slim to sell stake in Philip Morris Mexico
Grupo Carso company is selling its stake in Philip Morris's Mexico unit to the US tobacco giant for $700 million, the firms said Tuesday. Grupo Carso holds a 20 percent stake in Philip Morris Mexico (PMM) and the companies expect to complete the transaction by September 30, ending a three-decade partnership between Slim and the maker of Marlboro cigarettes. Philip Morris holds almost ...
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US stocks rise ahead of Bernanke testimony
US stocks have closed higher after a strong earnings report from Home Depot and as the market anticipates Wednesday's testimony in Congress by Federal Reserve Chairman Ben Bernanke. The Dow Jones Industrial Average finished up 52.30 (0.34 per cent) at 15,387.58 on Tuesday. The broad-based S&P 500 added 2.87 (0.17 per cent) at 1,669.16, while the tech-rich Nasdaq Composite Index increased ...
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You don’t need an Xbox to appreciate Microsoft
tweaking its Windows 8 operating system in response to a poor reception following its launch in October, you could almost hear the collective one-word response from investors who have avoided Microsoft shares: typical.But while the technology company continues to stumble with many of its new products, its share price has been dazzling this year. It has risen more than 30 per cent in 2013, to its ...
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How the Dow Jones industrial average and other major indexes fared Tuesday
Stocks indexes hit new highs on Wall Street as investors bank on continued support from the Federal Reserve. Indexes wobbled between gains and losses in early trading, then took a turn higher after James Bullard, head of the Fed's St. Louis branch, said the Fed should keep buying bonds to support the economic recovery. The Dow Jones industrial average rose 52.30 points, or 0.3 percent, to ...
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Mothers drive family tech boom
By Heather Somerville o San Jose Mercury News At the place where motherhood meets entrepreneur and play dates collide with iPads, a new market for parent- and kid-friendly technology is exploding. Family tech -- Web services and applications for parents and kids -- is a new market driven largely by mothers creating technology to solve problems that have plagued parents for decades, such as ...
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Expect Microsoft’s Xbox One This Holiday Season
Microsoft is going out on top. After eight years, the Xbox 360 - which is currently the top selling video game system for the 28th consecutive month according to retail tracking firm NPD Group -is ...
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Teenagers flocking to Twitter because too many adults on Facebook study
WASHINGTON - Twitter is booming as a social media destination for teenagers who complain about too many adults and too much drama on Facebook, according to a new study published Tuesday about online behavior. It said teens are sharing more personal information about themselves even as they try to protect their online reputations.Teens told researchers there were too many adults on Facebook and ...
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Saks picks Sachs for possible sale
EXCLUSIVE Saks Inc., the owner of Saks Fifth Avenue, has hired Goldman Sachs to explore strategic alternatives including a possible sale of the company, The Post has learned.The New York luxury chain - whose Fifth Avenue flagship in Manhattan alone is believed to be worth more than $1 billion - tapped Goldman in recent weeks, according to a source briefed on the situation.Likely bidders ...
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After Hours Saks shares jump on report of possible sale
SAN FRANCISCO (MarketWatch) -- Saks Inc. shares jumped in heavy volume late Tuesday following a report that the upscale luxury retailer has hired advisers for a possible ...
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Earnings Watch Updates advisories and surprises
-1.51% said Tuesday afternoon that it plans to lay off about 900 of its workers in a cost-cutting move. The announcement was made, which saw earnings slip on a slight increase in revenues. NetApp shares were up 2.1% in after-hours trades on Tuesday following the report. The company also projected a revenue range of $1.48 billion to $1.58 billion for the current quarter, slightly below Wall ...
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Microsofts New Xbox One Offers More
With Microsoft's new Xbox, the next time you yell at your TV it will actually be able to respond. The Xbox One, which the software giant unveiled Tuesday, is a next-generation console that aspires to be more than just a plaything. Not only will Xbox One let users to watch live TV, rent a movie, listen to music and play games, viewers can use their voice and gestures to control the ...
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Xbox One Home Entertainment System Unveiled by Microsoft
Microsoft Corp. unveiled its new Xbox One, an all-in-one gaming and home entertainment system at its headquarters in Redmond, Wash. Tuesday morning Turning on the device with the phrase "Xbox on," executives said they emphasized simplicity in the new device that puts ...
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Fiat Industrial seeks UK tax move
Fiat Industrial paid EUR536m in Italian corporate taxes plus EUR28m in regional taxes in 2012, leaving it with a net profit of EUR921m. Photograph: ...
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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