Latest Breaking Business News
RSS-
Former Goldman trader surrenders to authorities
NEW YORK - Matthew Marshall Taylor, a former Goldman Sachs trader, has pleaded guilty of defrauding the Wall Street investment bank and handed himself in to the FBI in New York on Wednesday morning. Entering the guilty plea Wednesday in a federal court in Manhattan, Taylor admitted he took a trading position 10 times larger than what he would have been allowed, to score profits that would ...
-
Egyptian government begins parleys with IMF team for $4.8bn loan
CAIRO - Egyptian government Wednesday began tough talks with officials of the International Monetary Fund (IMF) officials for sanctioning a $4.8billion (3.2billion pounds) loan for the country. Hit by low foreign currency reserves and the weak Egyptian pound, Egypt needs the money to help lift the economy which has been hit by the political turmoil. To get the funds from IMG, Egypt must ...
-
Cook apologises to Chinese Apple customers
NEW YORK - Apple CEO Tim Cook issued a letter on Apple's Chinese website, apologizing to Chinese customers for misunderstandings about its repair and warranty policy in the country. Cook, who became CEO of Apple in August 2011, issued a similar apology letter on Apple's website after releasing its flawed Maps app. "In the past two weeks, we have received a lot of feedback about Apple's ...
More Breaking Business News
RSS-
Social media use permitted by SEC for sharing corporate information
WASHINGTON - The Securities and Exchange Commission has allowed US listed companies to use social media outlets like Facebook and Twitter to make key announcements so long as investors have been alerted about which social media will be used to disseminate such information. Stating that the usage of social media outlets should meet with the requirements of the Regulation Fair Disclosure ...
-
IMF receives Cyprus nod for reforms to get bailout
Nicosia - Cyprus has reached an agreement with the International Monetary Fund (IMF), the European Union and the European Central Bank on a set of reform measures that will release a 10 billion-euro (8.5billion pounds; $12.8billion) international bailout. The International Monetary Fund (IMF), which is contributing 1billion euros towards the bailout package, stated that they are "challenging" ...
-
Eagan leader of real estate fraud scheme gets prison
Described as the ringleader in the Cloud 9 Sky Flats mortgage fraud case, an Eagan man was sentenced Wednesday to a year and a day in prison for his role in the scheme. Joseph Steven Meyer, 48, was the former vice president of St. Paul developer Jerry Trooien’s real estate firm, JLT Group. Last year, he pleaded guilty to a charge of mail fraud in a plea agreement with the government, and ...
-
Frost damage soggy fields spur surge in wheat prices
Wheat in a field in Argentina in December looked healthy despite excess rain, heat and plant diseases, but farmers across the Northern Hemisphere are running into problems that have sent futures ...
-
CEO Pay Watch James Dolan Dolan Co.
Dolan Co. James Dolan, chairman, president, CEO Total compensation: $582,947 for the year ended Dec. 31 Salary: $561,600 Other compensation: $21,347 New stock options: ...
-
Dorsey Whitney adds three partners
The Minneapolis law firm Dorsey & Whitney said Wednesday that prominent former federal prosecutor R.J. Zayed is joining its trial group as the firm attempts to fill gaps across its system. Zayed, who leaves the Minneapolis firm Carlson, Caspers, Vandenburgh, Lindquist & Schuman after 8 ½ years, joins Dorsey as a partner along with recently hired Brian Moore from Fredrikson ...
-
Japanese Market Down Sharply On Wall Street Lead Stronger Yen
The Japanese market opened lower Thursday, as the overnight weak close on Wall Street and the yen's surge against the U.S. dollar prompted investors to press sales at several counters. The mood is also somewhat cautious ahead of the outcome of Bank of Japan's two-day policy board meeting.Automobile, banking, retail, chemicals, real estate, railway and pharmaceuticals stocks declined ...
-
A vine grows in Brooklyn
If it weren’t for the thick, dead vine coiled around a pole on the property of the building next to mine, I would have an unobstructed view of the Statue of Liberty from my bedroom. Is there a mannerly way for me to free up that vista? - Genevieve C., Park ...
-
PMs Case For Union With Defence Jobs Warning
David Cameron will travel to Scotland later to reinforce the importance of the defence industry to jobs and the wider Scottish economy. "Defence matters and defence jobs matter," he will say in one of his regular PM Direct sessions that will be held at a defence manufacturer. "Scotland has a world renowned and highly skilled defence sector that employs over 12,600 people and ...
-
ASIA MARKETS Asia Stocks Slump With Japan Weak On Rising Yen
Asian markets traded lower Thursday, tracking a negative lead from Wall Street, with the Japanese market underperforming amid a stronger yen.Investors took a cue from Wednesday's losses in the U.S. following lower-than-expected readings on the U.S. non-manufacturing sector and private-sector jobs growth.Focus was on the Bank of Japan's policy meeting outcome due later Thursday. ...
-
MARKET COMMENT Philippine Shares May Retreat On Overseas Cues
Philippine shares are tipped to open lower, with investors likely taking their cue from Wall Street's weak performance overnight Wednesday. The bellwether PSEi may slide to its immediate support of 6750 after closing Wednesday 1.0% higher at 6815.30. "Heightened tensions in Korea might also take its toll on investor sentiment," says Freya Natividad, an analyst at 2TradeAsia.com. ...
-
A brighter day for LED bulbs
Cree’s new LED bulb wa made to look like an incandescent. The 40 and 60 watt bulbs are dimmable and can be used in enclosed fixtures. They’re sold at Home Depot for $9.97 to ...
-
More bonuses sought by Petters receiver
Michael O'Shaughnessy, a former executive with Polaroid and other corporate entities owned by Tom Petters, is on the hook for another $670,000 that he allegedly received as fees and bonuses from the convicted former Wayzata businessman while Petters ran a crooked $3.65 billion Ponzi scheme. In a lawsuit filed earlier this week in federal court in Minneapolis, court-appointed receiver Doug ...
-
Facebook expected to unveil HTC phone with Googles Android software
SAN FRANCISCO – Get ready for the Facebook phone. The company is close to unveiling a smartphone whose software keeps the social network front and center. It is part of an overall strategy to advance Facebook’s ambitions to dominate mobile devices the way it has desktop computers. Facebook Inc. has scheduled a news conference Thursday at its Menlo Park, Calif., headquarters to show ...
-
Microsoft and Embraer resolve licensing dispute under new Washington state law
Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Janet I. ...
-
Its Spring So Time for Economy Stocks to Dip
A string of weaker-than-expected economic reports has traders wondering whether the economy will lose its spring, taking the stock market down with it. Economists expect the second quarter to be weaker than the first, but they see a pick up later in the year. At the same time, stock strategists have also been looking for a pull back so traders are talking about the coincidence of a weaker market ...
-
Asian shares ease on weak U.S. data yen firms before BOJ
TOKYO (Reuters) - Asian stocks eased on Thursday after weak data stoked concerns the key American jobs report due later in the week will signal slowing U.S. growth, while the yen remained firm ahead of the Bank of Japan's policy decision this ...
-
MARKET COMMENT Malaysia Shares Biased Down 1670 Support - Dealer
Malaysia shares are likely biased down tracking weak U.S. equities Wednesday. The benchmark KLCI ended flat at 1685.40 Wednesday after a choppy session that saw the index fall as much as 3.1% before recouping all of its losses. "Buying in dips (by funds) will help cushion any sharp decline," a local dealer says, tipping support at 1670. Stocks likely in focus include SapuraKencana ...
-
Taiwan Pay TV Operator Targets S$1 Billion IPO in Singapore
One of Taiwan's biggest pay TV operators is poised to go public within months, in a move that could raise more than 1 billion Singapore dollars (US$807 million), a person familiar with the matter said Thursday.Funds managed by Australia's Macquarie Group (MQG.
AU ), which own Taiwan Broadband Communications, have hired four investment banks for the initial public offering of stock on the ... -
Is the Currency of Last Resort in Trouble
Should goldbugs be scared about falling gold prices?The "currency of last resort" that was supposed to be a bastion of safety has spiraled right alongside the euro ...
-
Oak Park High freshman earns Microsoft Master certificate
Freshman Benjamin Porat works on Java programming during class recently at Oak Park High School. Porat is a Certified Microsoft Office 2010 Specialist Master after having completed and passed the tests provided by ...
-
Detroit Electric unveils $135000 battery-powered sports car
By Paul LienertDETROIT, April 3 (Reuters) - Detroit Electric, a startup electric-car maker reviving a brand that dates back more than a century, unveiled its first model on Wednesday: a $135,000, battery-powered sports car that is to go into limited production in August.Founded more than five years ago, Detroit Electric enters a still-nascent market that is struggling to find buyers. One ...
San Diego Digest
-
San Diego home to important wildlife refuge and treatment group
San Diego is home to an important wildlife group helping to balance the disorder created through the city’s rapid growth over the last few years in a part of the country that previously belonged to the wild, but it needs the constant help of the public.
San Diego is a major city, the eighth biggest in the US and second largest in California and the County Seat of San Diego County. Its economy is supported by several major industries such as defense, manufacturing, real estate and tourism and yet the 1.3 million people who live here share their city with a number of species of wildlife that have been displaced, endangered and disrupted in various ways by the ongoing growth and development in the city. Read more
News from around our Network
