Latest Breaking Business News
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Workers demand more action from Italian government
Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...
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Americans find happiness in household wealth
Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...
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Construction begins on new island off Jumeirah Beach in Dubai
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
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Hackers take on Financial Times web site
Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...
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Digital world creeps up on Target
Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...
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Hackers get into important Saudi websites
The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...
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United Airlines resumes 787 flights after 4-month halt with flight from Houston to Chicago
United Airlines is getting its 787s back in the air. The planes are flying again after being grounded for four months because of smoldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another. Federal authorities lifted the grounding order on April 19 but it has taken Boeing, which makes the plane, and the airlines a few ...
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Oil rises on higher US stocks falling dollar
Oil moved higher as U.S. stock markets reversed early losses. At midday, the Dow Jones industrial average showed a gain of 19.82, or 0.1 ...
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Smashburger Why more burger joints
While Prokupek's background is in the technology field, he was a savvy enough businessman to know that his partners in the culinary world had tapped into a niche that still had plenty of room for innovation. In this case, smashing, searing and seasoning the beef patties on the grill, he learned, was the key to a tastier burger that was still ...
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Byetta may ease Parkinsons study says
according to a study released Monday in the Journal of Clinical Investigation. Symptoms worsened in a control group not given Byetta, generically known as ...
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Broadway’s Foxwoods Theater sold to UK’s Ambassador in $65M deal
Live Nation has reached a $65 million deal to sell Foxwoods Theater - one of Broadway’s biggest houses - to Britain’s Ambassador Theater Group, The Post has learned. Live Nation is expected to announce the deal later today for the 1,932-seat West 42nd Street theater, the current home of "Spider-Man: Turn Off The Dark." "The owner wants to be hugely respectful to the ...
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Bauxite Resources new chief executive officer takes the reins
(MENAFN - ProactiveInvestors - Australia) Bauxite Resources' (ASX: BAU) new chief executive officer and executive director Peter Canterbury has commenced employment today.Canterbury joins Bauxite Resources from Sundance Resources (ASX: SDL), where he had been the chief financial officer for the past six years.He played a key role in rebuilding the company as acting chief executive following ...
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Scottish independence could threaten thousands of banking jobs
Scottish independence would most seriously impact upon banks and insurers, warns Sajid Javid, left, with Michael Moore. Photographs: Jeff J Mitchell/Getty ...
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Supermarkets summoned to explain confusing pricing policies
supermarkets have been asked to explain their confusing and inconsistent use of "unit prices" on food and drink products in the first step of a new government drive to help cash-strapped consumers work out which are ...
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Contactless cards how safe is your money
Marks & Spencer customers complained that they unwittingly paid twice when their contactless cards were activated. How can you prevent charging ...
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Sony Releases PS4 Teaser Trailer As It Battles Microsoft For Gamers Attention
has released a blurry teaser trailer for its Playstation 4 just one day ahead of its rival's big Xbox reveal. There are a lot of closeups and difficult-to-decipher geometry, but the intent here is clear -- Sony is going to show us what the PS4 actually looks like. The company got some flack for holding its big reveal in February without actually revealing the console, and now it's ...
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Wall Street trade group taps ex-senator Gregg as CEO
The top trade and lobbying group for the securities industry on Monday snagged two ex-members of Congress for high-level jobs. Former senator Judd Gregg, a New Hampshire Republican, is the new CEO of ...
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Death cross brewing in bond market
The short-term average has been moving lower and the long-term average has been creeping up over the past few weeks as yields move higher. On Friday, the 50 day moving average was 1.82%, compared with 1.78% for the 200 day moving average. If history is any guide, hitting the death cross could lead to more bond buying, a sharp drop in yields and a correction in stock prices, according to Abigail ...
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European stocks close higher
EUROPE'S leading stock markets have closed higher, with London's FTSE 100 index of leading shares adding 0.48 per cent to 6755.63 ...
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Bank Analyst Michael Mayo Doesnt Want the `Jamie Show at J.P. Morgan Meeting
When veteran bank analyst Michael Mayo heads to Tampa, Fla. to attend J.P. Morgan Chase & Co.'s (JPM) annual meeting Tuesday, he will be looking for more than just the "Jamie Show."With shareholders pushing for changes to the board and the separation of the chairman and chief executive roles, Mr. Mayo said he is hoping to get a better sense of the bank's directors--the ...
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MARKET SNAPSHOT U.S. Stocks Grind Higher To All-time Highs
SAN FRANCISCO – U.S. stocks traded slightly higher, grinding further into all-time high territory after a slow start Monday with Yahoo Inc.'s acquisition of Tumblr and other deal news dominating investor attention.The S&P 500 index (SPX) rose 2.6 points, or 0.2%, to 1,670.07, with energy posting the biggest gains of its 10 major industry groups, while consumer staples was the ...
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How Coca-Cola Used Vending Machines To Try To Unite The People Of India And Pakistan
Specially-designed Small World Machines placed in both countries in March served as live communications portals. Now, Coke has released a video that allows everyone to witness the joyous ...
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Colgate Planning Caffeinated Toothbrush
Image credit: U.S. Patent and Trademark Office News reports suggest Colgate-Palmolive applied to patent a caffeinated toothbrush, but the actual patent application only referred to a proposed device that hypothetically could release caffeine or any other substance or flavoring, and create sensations in a user’s mouth. So maybe they did plan a caffeinated toothbrush. Maybe not. ...
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Watch Yahoo Buys Tumblr for $1.1 Billion
External links are provided for reference purposes. ABC News is not responsible for the content of external Internet sites. Copyright © 2013 ABC News Internet Ventures. Yahoo! - ABC News ...
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At noon Wall Street little changed deals provide support
U.S. stocks were little changed on Monday as acquisition activity gave support but investors were reluctant to rush into the market with indexes hovering around record levels.Deals including Yahoo Inc.'s $1.1-billion (U.S.) bid for Tumblr Inc. indicate that companies continue to search for growth through acquisitions, a bullish sign for stocks. Yahoo was up 0.8 per cent at ...
Guatemala Feature
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One survivor of the civil war masacres represents the injustice suffered by millions
Almost three decades ago, a young boy, Ramiro Cristales, watched as his family was killed by the Guatemalan army during the most tragic and shameful time in the nation’s history, the brutal civil war that last several decades and would ultimately claim the lives of over 200,000 people – men, women and children. Now, Cristales plans to testify in a humanitarian case against one of the soldiers involved in the massacre that saw his family killed. He represents the unfulfilled justice for those whose remains are still buried in mass graves around the country.
From 1960 to 1996 Guatemala was torn apart by the longest, and one of the most brutal, civil wars in the history of Latin America. To this day, the country is still trying to recover from the weighty and far-reaching effects it had on the country. During the civil war, the dictatorship-leaning government used all forms of repression and power at its disposal to remain in power. Read more
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