Latest Breaking Business News
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Appeals court directs Ex-Im Bank to explain rationale for loan guarantee to Air India
WASHINGTON - A U.S. appeals court has upheld a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Indian state-owned carrier Air India in a legal challenge brought by Delta Air Lines to the loan guarantee. The court has however directed the government-run bank to better explain its rationale for providing loan guarantee, which Delta claimed as a ...
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Google renews efforts wipe out child porn images from internet
LONDON - Internet giant Google said it is spending $5 million to wipe images of child abuse off the Internet and another $2 million to create tools to find the images and eradicate them. "We're in the business of making information widely available, but there's certain 'information' that should never be created or found," wrote Jacqueline Fuller, director of Google Giving, in a blog post. ...
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GSK negotiating sale of thrombosis drug and plant to Aspen
DURBAN / LONDON - South Africa's biggest generic drug maker Aspen Pharmacare and its subsidiary Aspen Global Incorporated have made an offer to acquire thrombosis drugs and their associated manufacturing site at Notre Dame de Bondeville, France, from GlaxoSmithKline (GSK). "AGI will acquire from GSK the Arixtra and Fraxiparine/Fraxodi brands and business worldwide, except in China, Pakistan ...
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Carbon trading to begin in Shenzhen in bid to cut emission
BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...
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Rise in transportation costs push up UK inflation to 2.7pc
LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...
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Yahoo follows Facebook and Microsoft in publishing US govt sought snoop data
Internet corporation Yahoo has followed the league of technological companies in publishing reports about 'snoop data' requests made by the US government. According to the Guardian, Yahoo has revealed that it had received 12,000-13,000 requests, inclusive of criminal, Foreign Intelligence Surveillance Act (FISA), and other requests by the government between 1 December 2012 and 31 May ...
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Average earnings up 0.5 in 2012
Average annual earnings for Irish workers rose by 0.5% last year to €36,079. Earnings were up in 9 of the 13 sectors covered by the CSO statistics for 2012. The sector which showed the biggest increase was "professional, scientific and technical" where average earnings rose 5.2% to just under ...
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No NSA Spying Did NOT Prevent a Terror Attack on Wall Street
June 19, 2013 In response to the revelation that the NSA has been illegally spying on all Americans for more than a decade, NSA chief General Keith Alexander claimed that the spying prevented a terrorist attack on Wall Street and the New York subway. There's only one problem: the claim is completely false. The Christian Science ...
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Indications Stock futures higher but jittery ahead of Fed
MADRID (MarketWatch) -- U.S. stock market futures moved cautiously higher on Wednesday as markets awaited the main event: a monetary-policy decision from the Federal Open Market Committee, with a press conference to follow from Federal Reserve Chairman Ben ...
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Conventional markets could cure capital concern
The relationship between co-ops and capital has never been straightforward. While in theory co-ops fund their capital needs from their members' own capital and from retained profits, in practice co-ops have frequently needed to bring in external capital. ...
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Savings rates lag inflation ... what are your options
savings account paying 3.38% a year, while those on a higher rate need an interest rate of at least 4.5%. And the bad news is that not a single standard savings account delivers big enough returns. Even if you do not pay tax, you will struggle to beat inflation: ...
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Mervyn King outvoted on QE in his 194th and final MPC meeting
Bank of England rate-setting meeting.Minutes of the monetary policy committee (MPC) confirmed that the governor bowed out with one last call for another 25bn ...
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Berkeley reports 26 jump in profits
property market in London and the south-east.Berkeley reported revenues of 1.4bn for the year ending April 2013, up more than 30% on last year, helped by advance sales of its riverside flats and detached houses.The housebuilder said activity outside the south-east had not recovered since the 2008 downturn, but was likely to pick up as a result of the government's "help to buy" ...
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Wednesday Newspaper Review - Irish Business News and International Stories - - June 19 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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Airbus wins A350 order from Air France-KLM
Air France-KLM has been at loggerheads with suppliers over issues mainly including maintenance of the plane's Rolls-Royce engines ever since the deal was first mooted in 2011. Air France and Rolls had clashed over conflicting ideas for engine supply ...
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German cartel court takes on Porsche lawsuit source
Reuters © A logo is seen on a Porsche 911 Carrera 4S displayed ahead of the annual news conference at the Porsche headquarters in Stuttgart March 15, 2013. REUTERS/Lisi ...
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Asian Stocks Fall On Uncertainty Over Fed Policy
Asian stocks fell broadly on Wednesday as investors adopted a cautious stance ahead of the outcome of the two-day policy meeting of the U.S. Federal Reserve. With Fed Chairman Ben Bernanke scheduled to hold a press conference shortly after the meeting, investors wait to hear what he has to say about possible tapering of bond purchases and the future course of Fed policy. Japanese shares bucked ...
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Stocks to Watch FedEx Micron are Wednesday’s stocks to watch
SAN FRANCISCO (MarketWatch) -- Among the shares expected to see active trade in Wednesday's session are those of FedEx Corp., Micron Technology Inc. and Red Hat ...
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ITV buys US production company Thinkfactory Media
ITV has made its third foray into the US TV production sector, paying $30m (19m) for a controlling stake in the company behind Kevin Costner drama Hatfields & McCoys.The UK broadcaster is buying 65% of Los ...
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Bankers banged up They need to return to planet Earth first | Polly Toynbee
Bang up the bankers! That has a nice ring to it, like the rioter's line in Henry VI (part two) that always gets a roar of approval, "let's kill all the lawyers". But does anyone really think any of them will land in the clink? The degree of personal recklessness would have to be extreme.The parliamentary commission on banking standards ...
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Rio Tinto rises after Australian job cuts as markets await Bernanke
has moved higher after job cuts and a broker recommendation.The mining giant is cutting more than 40 office jobs in its Australian iron ore division, to reflect changing market conditions. Chief executive Sam Walsh unveiled plans earlier this year to save $5bn of costs over the next two years.Meanwhile Citigroup added the miner to its most favoured stock list, helping its shares climb 52p to ...
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Dreamliner Diverted In Latest Boeing Setback
A Boeing 787 Dreamliner has landed safely after being diverted when pilots were made aware of a potential oil filter problem. In the latest of a series of setbacks for the new model, United Airlines said a Dreamliner on its way to Tokyo from Denver was forced to land in Seattle as a precaution. The planes were only recently returned to the skies after regulators grounded them worldwide due ...
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Cable Presses For RBS Bonus Link To Lending
Vince Cable is to push for the new boss of Royal Bank of Scotland (RBS) to have his pay more closely-tied to its small business lending amid intensifying debate about its future. Speaking to Sky News, the Business Secretary said he was also considering the case for reinstigating formal lending targets for the state-backed bank for the first time since 2010. "I am keen for RBS to have ...
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New Eurofighter chief aims to make jet cheaper
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once ...
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Europe Markets European stocks drop as Fed statement eyed
LONDON (MarketWatch) -- European stock markets dropped on Wednesday, with what is likely to be a volatile day ahead as investors wait for the much anticipated monetary-policy decision from the U.S. Federal ...
Los Angeles Feature
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LAX gets a facelift
Los Angeles International Airport has decided to go under the knife again; the sixth busiest airport in the world is in the final stages of a multi-million dollar face lift of its international terminal, aimed at bringing the airport back up to world class standards in design and service and now there is talk of even further redevelopment for the domestic terminals as well.
LAX was once considered a pioneering facility in the early days of the jet age, the famous Theme Building, built to resemble a flying saucer that has just landed is testament to this period of advancement and modernism. The building features a circular restaurant below four concentric spider-like legs, in-keeping with the space-age theme of the building, this restaurant is called Encounters. Read more
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