Latest Breaking Business News
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Japan finance minister wants BOJ to have thorough dialogue with government bond market
Reuters © Japan's Deputy Prime Minister and Finance Minister Taro Aso smiles as he adjusts his headphones during a seminar at the Asian Development Bank's (ADB) 46th annual board meeting in Greater Noida, on the outskirts of New Delhi May 3, 2013. REUTERS/Adnan ...
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ASX falls at open after Wall St closes lower
UPDATE 8.35am: The Australian sharemarket has opened lower after Wall Street closed in the red overnight.At 8.30am, the benchmark S&P/ASX200 index was down 34.2 points, or 0.7 per cent, at 5174.8, while the broader All Ordinaries index was down 33.8 points, or also 0.7 per cent, at 5151.6.More to ...
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Supreme Court to review Sarbanes-Oxley case
WASHINGTON - The Supreme Court will rule on the reach of the 2002 Sarbanes-Oxley investor-protection law, agreeing to decide whether the law's whistleblower protections cover the employees of a publicly traded entity's contractors. The justices Monday said they will hear an appeal from two former employees of a privately held company that provides investment advice and management ...
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Acadia raises $115 million
raised $115 million in gross proceeds from its secondary public offering. The biotech company said it sold $9.2 million shares, including 1.2 million sold under a fully exercised option to buy additional ...
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Nuclear commission silent on public hearings issue
Allison M. Macfarlane, the chair of the Nuclear Regulatory Commission, talks about her tour of the troubled San Onofre Nuclear Power Station on Monday Jan. 14, 2013 in San Juan Capistrano, Calif. The plant located between Los Angeles and San Diego hasn't produced electricity in nearly a year, after a tiny radiation leak led to the discovery of excessive wear on hundreds of tubes that carry ...
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170-foot blade breaks off wind turbine
A fallen wind turbine blade at Ocotillo, 70 miles east of San Diego, has curtailed operations worldwide of similar equipment manufactured by ...
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Will park bridge close this weekend
But indications are that the bridge will not close every weekend, starting this week, and perhaps not for months to come because of legal and implementation roadblocks in its ...
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Clearwire shareholder vote postponed
Clearwire will postpone a shareholder vote on whether to approve Sprint’s $2.2 billion takeover that was set for today, The Post has learned.Shares of Clearwire rose 1.9 percent yesterday to $3.26, above Sprint’s $2.97 a share, suggesting that shareholders expect a higher price. Clearwire declined comment. ...
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Google faces new pressure over tax claims
Google's data centre in Dublin: by booking all UK sales through Ireland, the internet company handed HMRC only about 10m in corporation tax over the period 2006-11. Photograph: Niall ...
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Hawaii stocks close mixed on a slightly lower day for Wall Street
Barnwell Industries stock gained 2.5 percent to lead Hawaii stocks in gains Monday as the broader markets closed lower. The Dow Jones Industrial Average lost 19.12 points, or 0.12 percent, to close at 15,335.28. The Nasdaq lost 2.53 points, or 0.07 percent, to close at 3,496.43. Gainers: Alexander & Baldwin Inc. (NYSE: ALEX) closed at $35.74, up 44 cents, or 1.25 percent; Barnwell Industries ...
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Wal-Mart ordered to provide more documents
A U.S. judge ordered attorneys for Wal-Mart Stores to turn over more information to shareholders seeking records on how the company responded to allegations of bribery involving its operations in ...
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U.S. court ruling favors Cubist in patent case versus Hospira
The ruling, in U.S. District Court in Delaware, is a positive development for Cubist in the ongoing case, which is scheduled to go to trial in February 2014, said Cubist spokeswoman Julie DiCarlo. Cubicin, an antibiotic injection used in hospitals to treat bacterial skin infections, is the company's primary revenue ...
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Raytheon to sign $2.1 billion arms sale to Oman U.S. officials
SAN FRANCISCO/NEW YORK - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. ...
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Gas Prices Spike Ahead of Holiday
May 20, 2013 7:43pm It’s almost Memorial Day and the price of driving for the first holiday weekend of the summer just got a bit higher. The weekly average price of a gallon of regular gas is $3.67, up 7 cents from a week earlier, according to the Department of Energy. Minnesota is ground zero for the high prices with a record high of $4.28, a rise of 44 cents in the just the last week, ...
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Citigroup names Jane as new head of mortgage biz
The number two in Chinese leadership offered New Delhi a "handshake across the Himalayas" and said the world's most populous nations could become a new engine for the global ...
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Caterpillar Milwaukee workers union to resume contract talks
CHICAGO | Mon May 20, 2013 7:48pm EDT CHICAGO May 20 (Reuters) - Caterpillar Inc said late on Monday that it would resume contract talks with the union representing about 800 Milwaukee workers who make specialized mining machinery. The company said the two sides would reconvene on Thursday, May 23, ending a two-week hiatus in discussions. The existing contract covering the workers, who ...
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Alcoa warns of scammer claiming to collect utility payments
Alcoa is warning residents about a scammer who is calling residents and asking to collect money on an account. The city says it does not call customers to collect utility payments, and if there are issues with any payments, it will either come via an automated message or through an online payment system. The city asks that anyone who receives a call demanding immediate payment should ...
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Microsoft to build Australian cloud computing centres
SYDNEY (Reuters) - Microsoft Corp is expanding its services for hosting and processing online data in Australia with the establishment of two new "cloud" computing data centres in the country.The world's biggest software company said on Tuesday it was expanding its Windows Azure business to include a major new region in Australia.Data centres, renting out technology resources such ...
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JPMorgans Dimon faces push to drop chairmans title
NEW YORK - A major shareholder vote this week has Wall Street abuzz over the power and future of Jamie Dimon, leader of the country's biggest bank. As chairman and chief executive of JPMorgan Chase & Co., Dimon burnished his reputation by steering the bank through the financial crisis virtually unscathed. Charismatic and articulate, Dimon emerged as Wall Street's most public face, ...
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Cool key to urban upsurge
Is a parade cool? It was one of the highlights of the Holiday Bowl in December but Gaslamp Quarter's rents are beyond new "cool" bars and restaurants and the coolness/rent rate figure into how an urban pocket turns itself ...
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Hispanic group asks FTC to probe Herbalife
A Hispanic consumer group has asked the Federal Trade Commission to investigate the Herbalife, citing concerns that the controversial company is targeting minorities. "It is our understanding that the company’s marketing materials promise richness for a few hours of work from home," wrote Hispanic Federation President Jose Calderon in a March 17 letter to FTC Chairwoman Edith ...
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Carnival Corp. lowers 2013 earnings forecast
The news just keeps getting worse for Carnival Corp. Late Monday afternoon, the Miami-based cruise giant lowered its earnings forecast for the year, citing the low ticket prices that have been needed to drive cruise demand while the company had endured months of negative publicity. The 24-ship Carnival Cruise Lines and its parent company, Carnival Corp., have taken a beating since mid-February, ...
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Former Apple CEO on Offshore Cash
Some explosive words were exchanged on Capitol Hill with Sen. Carl Levin, (D-MI) accusing Apple of using tax havens in Ireland to avoid paying U.S. taxes. John Scully, former Apple CEO, shares his view on the ...
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Dimon Exit Could Be ‘All Downside’ Pro
Ahead of a vote on separating JPMorgan's CEO and chairman roles that could push out Jamie Dimon, Brad Hintz of Sanford Bernstein says that a departure would have no benefit for the company's stock ...
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Stocks Dollar Move Up Is a Good Thing
The stock market and the U.S. dollar have are moving higher in tandem again, which analysts say could be a positive for U.S.-centric companies. "[The rising dollar] is one of the reasons this market is more a U.S.-focused one," said Quincy Krosby, market strategist at Prudential Financial. "Economic data in the U.S. have gained traction against other economies and with the ...
Sacramento Featured
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Sacramento vulnerable to massive disaster
If a major earthquake were to occur tomorrow, Sacramento could potentially be devastated by massive flooding on-par with that seen in New Orleans during Katrina. The state’s major fresh water systems would be destroyed and 25 million would be without fresh water, while millions would lose their homes, but for all this, funding to upgrade the city’s levees is hard to come by.
When Hurricane Katrina barreled into US states along the Gulf Coast in 2005 it caused chaos and devastation in a part of the world considered among the most developed and stable. Read more
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