Latest Breaking Business News
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First flight nears A350 could make Paris show flypast
EAD.PA ) could steal the Paris air show with a flypast of its newest passenger jet, the A350, as confidence grows over a maiden flight some four weeks ...
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Blackstone Pactera insiders make $680 million offer
BX.N ), together with the company's management, made a $680.3 million non-binding proposal to take China's largest technology outsourcing firm ...
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New Xbox may keep Microsoft in the game
SAN FRANCISCO (MarketWatch) -- Microsoft Corp. is expected to unveil a new Xbox videogame console on Tuesday, nearly eight years since the company launched its last gaming device into a market that was far more certain than it is ...
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Piraeus Bank Posts First-Quarter Net Profit After Merger Deals
Piraeus Bank (TPEIR.AT), one of Greece's largest lenders, on Monday reported a first-quarter net profit of 3.62 billion euros ($4.64 billion), largely due to a one-off capital gain of EUR3.4 billion relating to a negative goodwill contribution following the acquisition of the Greek units of troubled Cypriot banks.As part of a rapid consolidation taking place in Greek banking, Piraeus Bank ...
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London Markets Ftse 100 Jumps To Highest Close Since 2000
LONDON – U.K.'s benchmark stock index ended at the highest closing level since September 2000 on Monday, boosted by banking shares and a rally for budget airline EasyJet PLC.The FTSE 100 index added 0.5% to close at 6,755.63, building on gains from Friday, when the index climbed to the highest closing level since October 2007.Shares of budget airline EasyJet PLC jumped 4% to 12.35 ...
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EUROPE MARKETS Europe Stocks Extend Rally Track U.S. Higher
LONDON – European stock markets extended gains in choppy trade on Monday, with car makers in the driver's seat after a broker upgrade, while the broader sentiment tracked the U.S. higher.The U.K.'s FTSE 100 jumped to the highest close since September 2000.Volume was low as several markets across mainland Europe was closed for Whit Monday.The Stoxx Europe 600 index rose 0.3% to ...
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Kellogg re-inventing Special K brand
NEW YORK Special K was once just a line of cereals. Today, it's a diet food empire. The brand first hit shelves in 1955 as a no-frills breakfast alternative but now caters to dieters who see its airy chips and pastries as a way to beat cravings and lose weight. And this summer, Kellogg Co. ...
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United Airlines resumes 787 Dreamliner flights
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 more ...
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Liveblog Microsoft’s “Next Xbox” reveal at 10am Pacific May 21
Microsoft isn't waiting until E3 to pull back the curtain on its follow-up to the Xbox 360; the company has scheduled a presentation for select press at its Redmond campus mere weeks before the big industry confab. The fun starts at 10am Pacific on Tuesday, May 21 ...
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Wall Street inches up as deals provide support for rally
US stocks rose slightly as acquisition activity gave support, but investors were hesitant to rush into the market with indexes hovering around record ...
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Biggest traders helping EU oil probe not in it - sources
, Vitol and Gunvor to help with a probe into oil price manipulation, while not suggesting they are under investigation, industry sources said on Monday.Last week, European Commission authorities raided the London bureau of pricing agency ...
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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 rise in muted trading
European stock markets rose in muted holiday trading on Monday amid weak Italian economic data despite a strong start to the new week for Asian equity prices. London's FTSE 100 index of leading shares added 0.48 percent to 6,755.63 points, while in Frankfurt the DAX 30 index set a fresh record high close after climbing 0.69 percent to 8,455.83 points, and in Paris the CAC 40 rose 0.54 ...
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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 ...
Focus on Bombay
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Mumbai as a city must look to a progressive future
Homosexuality was only decriminalised last year in India, so it is natural that some old ways of thinking will linger, but the recent discrimination against a transgender individual in the city is an ugly reminder of the work yet to be done.
Mumbai is a massive city of over 11 million people, it is the capital of the world’s largest democracy, and is home to a cosmopolitan mix of people from all over the country and the world. Yet some in Mumbai remain, in many ways, social backward in many of their views toward traditional taboo issues such as homosexuality, bisexuality, transgender and cross-dressing. Read more
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