Latest Breaking Business News
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Lowes Q1 earnings $540mln vs. year-ago $527mln
A Forward Look, The Year Ahead - Research Report on Honeywell International Inc., Liberty Global Inc., Charter Communications, Inc., The Home Depot, Inc. and Lowe's Companies, ...
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Petronas Defers $20 Billion Petrochemical Plant Decision to 2014
KUALA LUMPUR, Malaysia – Malaysia's Petroliam Nasional Bhd. has deferred for another three quarters a decision to proceed with what the government describes as one of the country's most important oil-and-gas projects.A decision about building the $20 billion petrochemical complex in the southern state of Johor has been deferred until the first quarter of 2014, Petronas Chief ...
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Larsen Toubro Posts Lower January-March Profit
Larsen & Toubro Ltd. (500510.BY), India's biggest engineering and construction company by sales, Wednesday posted a 7% fall in its January-March net profit as a slowdown in the economy affected new infrastructure projects.Net profit for the period, the company's fiscal fourth quarter, fell to 17.88 billion rupees ($322 million) from 19.20 billion rupees a year earlier. Sales rose ...
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Uganda Students to Compete for Microsoft Spot
Kampala - Two Ugandan secondary school students will compete in this year's Certport Microsoft Office Specialist World Championship set to begin on July 31 and end on August 3 in Washington D.C. Majaso Limited, a long standing partner of Certport Inc the lead organizers, said students from twelve secondary schools will sit a qualifying Microsoft Office Specialist exam in Microsoft W0rd ...
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Mercedes dealer review opens home front in luxury war
Reuters © Dieter Zetsche, CEO of German carmaker Daimler, poses in a new Mercedes-Benz S-class car during a presentation in Hamburg, May 15, 2013. REUTERS/Fabian ...
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Asian Stocks Rise On Fed Speculation
Asian stocks rose broadly on Wednesday, encouraged by a positive lead from Wall Street, after comments from two Federal Reserve officials suggested the Federal Reserve is unlikely to taper its $85 billion-per-month bond-buying program anytime soon. Investors look forward to a speech from the Fed Chairman Ben Bernanke and the release of FOMC May minutes due out later in the day for clues on the ...
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Stocks to Watch H-P Target Saks are Wednesday’s stocks to watch
SAN FRANCISCO (MarketWatch) -- Dow component Hewlett-Packard Co. and Target Corp. are among the high-profile companies in the queue to report quarterly results on Wednesday. But the scene stealer may be Saks Inc,. which reportedly hired Goldman Sachs to shop the luxury ...
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Britvic to close two factories and warehouse with loss of up to 400 jobs
Britvic in the UK and Ireland are under threat, after the maker of Robinsons squash and R White's lemonade said it would close two factories and a warehouse.The company, which employs some 3,300 people, is reducing its staff by up to 15% as part of an attempt to cut annual costs by 30m over the next three years.Britvic's chief executive, Simon Litherland, said: "It's always ...
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Xbox One unveiled by Microsoft – video
Microsoft gives customers their first look at its Xbox One, which comes eight years after the release of the Xbox 360. The company is hoping to draw in non-games fans with extra features such as television, Skype calling and heartbeat measuring. The Xbox One is expected to go on sale by the end of ...
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JP Morgan CEO Jamie Dimon remains the Indiana Jones of corporate America | Heidi Moore
needn't have suffered any trepidation . Like a roomful of capitalist Beliebers, the shareholders that came to the microphone often had nice things to say. The few critical stockholders - who argued about LIBOR interest-rate setting ...
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Wednesday Newspaper Review - Irish Business News and International Stories - - May 22 2013
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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Property Drives Wealth of China’s Rich Women
Real estate in China is the main source of wealth for China's wealthiest women, a sign that the sector remains one with huge growth potential even as it contends with cooling measures, shows a survey by research firm Wealth-X released Wednesday. Total wealth attributed to real estate accounts for more than 60 percent of the combined net worth of the 15 wealthiest women in China, which is ...
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Hedge Funds Ditch News Corp for Boeing
The world's largest hedge funds have bolstered their equity holding so far this year, increasing their exposure by over 5 percent and adding more ...
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Cold Weather Puts Freeze On Retail Sales
Retail sales suffered their biggest monthly drop in a year in April as cold weather and restricted household budgets combined to damage demand on the high street. The Office for National Statistics (ONS) said retail sales volumes including automotive fuel fell 1.3% during the month compared to March, compounding economists' forecasts for a flat performance. Compared with a year ...
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Airbus wins Oman Air order for three A330 planes
A visitor looks at replica aircrafts on the Airbus booth during the Annual European Business Aviation Convention & Exhibition (EBACE) at Cointrin airport in Geneva May 21, ...
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London Markets U.K. stocks drop from 13-year high
LONDON (MarketWatch) -- U.K. stocks retreated from a 13-year high on Wednesday, after minutes from the Bank of England's latest meeting showed only a minority of members wanted to increase the bank's asset ...
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Hong Kong Regulator Says Former Deutsche Bank Trader Violated Code of Conduct
The Securities and Futures Commission said late Tuesday a former trader at Deutsche Bank AG violated the regulator's code of conduct, which resulted in a sudden fall in the price of HSBC Holdings PLC's (0005.HK) Hong Kong-listed shares four years ago.The regulator's statement follows a multi-year investigation that aimed to uncover whether there was any market manipulation ...
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Swedish Riksbank Appoints New Deputy Governors
The Swedish Riksbank said Wednesday it has decided to appoint Martin Floden and Cecilia Skingsley as new deputy governors of the central bank's executive board, succeeding Lars E.O. Svensson and Barbro Wickman-Parak whose terms of office expired May 20."We are very pleased to be able to present another two such highly qualified people as members of the executive board. The General ...
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Wal-Marts S.Africa unit Massmart cautions on soft sales growth
Wed May 22, 2013 5:20am EDT JOHANNESBURG May 22 (Reuters) - South Africa's Massmart Holdings said on Wednesday it expects lacklustre sales growth this year, as the unit of Wal-Mart Stores Inc battles with weak consumer demand in Africa's top economy. Massmart, majority owned by the world's largest retailer, said comparable store sales increased by 5.6 percent for the first 21 weeks ...
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UPDATE 2-Lloyds says to meet capital demands without extra funds
Wed May 22, 2013 5:09am EDT * To meet requirements from cash generation, non-core sales * Lloyds informed of regulator's requirements this week * RBS, regulator to issue statements later on Wednesday * Lloyds reaffirms targets for core tier 1 ratio * Lloyds shares up 1.6 pct, outperform rivals By Matt Scuffham and Steve Slater LONDON, May 22 (Reuters) - State-backed Lloyds Banking Group ...
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Metals Stocks Gold edges higher ahead of Bernanke’s testimony
HONG KONG (MarketWatch) -- Gold prices edged higher on Wednesday as the U.S. dollar weakened in the run-up to Federal Reserve Chairman Ben Bernanke's testimony before Congress later in the ...
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IMF to give verdict on UK economy - live
George Osborne, Britain's chancellor of the exchequer, could face criticism over his handling of the UK economy. Photograph: ANDREW COWIE/AFP/Getty ...
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Lloyds and RBS no need to tap investors for fresh capital
There is mounting speculation the government is preparing to kickstart a sell-off of part of its 39% Lloyds stake. Photograph: Stefan ...
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Big banks are still gaming the state but whos got the courage to say it | Richard Paton
A demonstration by Occupy Economics in Canary Wharf, London, last week. 'Who do [banks] think we are? This is money they're only able to make at our expense.' Photograph: Ben Stansall/AFP/Getty ...
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German economy set to improve Spanish jobless offered jobs apprenticeships
Germany's Bundesbank on Tuesday said it expects the economy to improve markedly in the second quarter. Also on Tuesday, Germany agreed to provide jobs or apprenticeships to about 5,000 young unemployed Spaniards each year under a deal signed by labour ministers from both countries in ...
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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