Archive for the ‘Business’ Category
Apple, Samsung CEOs set for U.S. court talks
SAN FRANCISCO (Reuters) – The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Apple’s Tim Cook and Samsung’s Choi Gee-sung, whose companies [...]
Read the rest of: Apple, Samsung CEOs set for U.S. court talks »
Euro zone row gets fat pay rise for German workers
BERLIN (Reuters) – A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe’s biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday. Germany’s largest industrial union IG Metall agreed to [...]
Read the rest of: Euro zone row gets fat pay rise for German workers »
Facebook shares could fall below IPO price: Barron’s
(Reuters) – Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron’s wrote in its May 21 edition. Facebook saw its shares rise a scant 0.6 percent to $38.23 on Friday in the first day of trading. The stock stayed above the $38 IPO price, supported in [...]
Read the rest of: Facebook shares could fall below IPO price: Barron’s »
Insight: China pays high price to spare state firm from bankruptcy
WEIFANG, China (Reuters) – The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant’s owner repay $60 million in commercial paper. The bailout averted what would have been China’s first ever bond default and was good news for [...]
Read the rest of: Insight: China pays high price to spare state firm from bankruptcy »
For NY farmers, fracking means salvation _ or ruin
When Dan Fitzsimmons looks across the Susquehanna River and sees the flares of Pennsylvania gas wells, he thinks bitterly of the riches beneath his own land locked up by the heated debate that has kept hydraulic fracturing, or fracking, out of New York.
Read the rest of: For NY farmers, fracking means salvation _ or ruin »
U.S. banking laws unable to stop JPMorgan loss: Republican Boehner
WASHINGTON (Reuters) – U.S. banking reforms could not have prevented JPMorgan Chase & Co’s trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker John Boehner said in an interview aired on Sunday. “I don’t believe there’s anything in Dodd-Frank (financial reform law) that would’ve [...]
Read the rest of: U.S. banking laws unable to stop JPMorgan loss: Republican Boehner »
Weaker euro zone nations need more support from core: UK
LONDON (Reuters) – The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday. The future of Europe’s 17-country single currency bloc is under threat from a political stalemate in Greece, [...]
Read the rest of: Weaker euro zone nations need more support from core: UK »
Party leaders refuse to budge on debt positions
Republicans and Democrats aren’t budging when it comes to their already hardened positions on spending cuts versus tax increases to deal with the nation’s debt.
Read the rest of: Party leaders refuse to budge on debt positions »
‘Avengers’ sinks ‘Battleship” to remain No. 1
“The Avengers” continues to muscle out everything else Hollywood throws at it, easily sinking naval rival “Battleship” and other new releases.
Read the rest of: ‘Avengers’ sinks ‘Battleship” to remain No. 1 »
Pakistan blocks Twitter over contentious tweets
Pakistan blocked the social networking website Twitter on Sunday because it refused to remove tweets considered offensive to Islam, said one of the country’s top telecommunications officials.
Read the rest of: Pakistan blocks Twitter over contentious tweets »
