Latest Breaking Business News
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Killer Tornado Scenes From Oklahoma
Monster. That's what they're calling the tornado that barreled through the Oklahoma City area on a spring afternoon Monday, flinging houses and cars into the air, demolishing a school and flattening neighborhoods during a 40-minute romp on the ground. Scores were killed and injured, and rescuers searched desperately for survivors, including children at the devastated Plaza Towers ...
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Baucus Vows Crackdown on IRS Targeting
A leading Senate Democrat says the Internal Revenue Service's targeting of conservative groups was intolerable, and he is promising to get to the bottom of how it happened. Senate Finance Committee Chairman Max Baucus made his remark Tuesday as his panel began Congress' second hearing on the extra scrutiny the IRS gave tea party and other conservative groups seeking tax-exempt status. ...
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Sprint Sweetens Clearwire Buyout Offer
Sprint Nextel raised its buyout offer for wireless service provider Clearwire to $3.40 per share, though some investors and analysts said the new bid was still not enough to overcome staunch ...
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Watch Microsofts next-gen Xbox announcement live HERE
Microsoft is set to take the wraps off the next generation of its Xbox games, TV and entertainment console at a special event held at the Microsoft Xbox campus. But don't worry, you won't need to rush there and bribe your way in (you left it too late anyway, the fun starts at 10AM Pacific Time) as we'll be streaming it live right here. It will be interesting to see what Microsoft ...
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Microsoft baits PhoneGap developers with Surface Pro and Windows Phone 8 devices
Despite what some folks would lead you to believe, sheer numbers are actually meaningless when it comes to app stores. That's just a marketing ploy. It's the quality that matters and not the quantity. After all, if you can't get the software that you need, does it really matter if there are 100,000 more apps out there? I'm inclined to believe that the answer is a resounding ...
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Wall Street Journal Supports Ridiculous Idea For Keeping Obama’s Judges Off The Bench
ridiculous idea of reducing the number of judges in the D.C. Circuit. Sen. Grassley is the ranking Republican on the Senate Judiciary Committee and introduced legislation proposing this move. While it would add one seat each to the ...
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Microsoft unveiling new Xbox
Microsoft is set to reveal the next generation of its Xbox entertainment console during a presentation today at its headquarters in Redmond, Washington at 10 a.m. PT. Tuesday's event will give Microsoft the opportunity to address several questions about the rumored hardware, including what it will cost, whether it can play used games or Blu-ray discs and if it will require a constant ...
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Apple Boss Tim Cook Grilled Over Tax
Apple boss Tim Cook is giving testimony to a US senate committee over claims the company has used Irish subsidiaries to avoid billions in taxes. He said Apple complied with both the spirit and the letter of the law and did not use tax "gimmicks". Mr Cook said he recommended a "dramatic simplification" of corporate tax to encourage companies to bring more of their money ...
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Inmarsat gains on hopes Dish-LightSquared deal will boost revenue
A spokesman for Inmarsat said: "Inmarsat is a supplier to LightSquared and is not party to these discussions, and we await the outcome with ...
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Exclusive Intel CEO shakes up units creates new devices group - source
Intel Chief Operating Officer Brian Krzanich is seen during an interview with Reuters at Intel headquarters in Santa Clara, California March 13, ...
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Exclusive Glencores top aluminum exec to leave first exit since takeover-sources
GLEN.L ) head of aluminum, Gary Fegel, is set to leave the company, three sources said, the first high-profile departure since commodity trading giant Glencore closed its purchase of miner Xstrata this ...
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Two Denso Corp executives to plead guilty to price fixing U.S.
6902.T ) have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said on ...
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SACs Martoma says U.S. impedes defense in fraud case
Former SAC Capital employee Mathew Martoma exits Manhattan Federal court following an appearance on insider trading charges in New York November 26, ...
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Embraer books milestone SkyWest deal worth up to $8.3 billion
A worker rides a bicycle around the hangars next to a private jet at the Embraer headquarters in Sao Jose dos Campos, 100 km (62 miles) from Sao Paulo May 14, ...
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Best Buy earnings slump on turnaround costs Super Bowl shift
Best Buy CEO Hubert Joly celebrates the opening of the Samsung Experience Shop at a Best Buy in New York on April 24. The electronics retailer reported slumping first-quarter profit and sales on ...
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Xbox 720 Microsoft to reveal new console – live blog
It's a rainy, overcast morning in Redmond, and the world's gaming press is arriving on the Xbox Campus in a convoy of coaches, here to finally discover the future of Microsoft's console. Somehow, the company has managed to keep the contents of this enormous 'reveal' event secret – even the name of the machine still eludes us. Current guess are Infinity, Fusion or ...
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Trading Executive Shane Swanson Rejoins Citigroup
Shane Swanson, an executive who helped build Citigroup Inc.'s (C) equity-trading business before starting a high-frequency trading firm, has rejoined the bank.Mr. Swanson returned to Citigroup April 29 as president of its Automated Trading Desk unit, which trades shares with online brokerages, according to an internal bank memo reviewed by Dow Jones.Mr. Swanson, along with his brother Steve ...
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LONDON MARKETS U.K. Stocks Extend Gains To 13-year High
LONDON – U.K.'s benchmark stock index closed at a more than 13-year high on Tuesday, with mining firms recouping parts of the prior day's losses and Burberry Group PLC rallying after a well-received earnings report.The FTSE 100 index rose 0.7% to 6,803.87, marking the highest closing level since December 1999, according to data from FactSet.Luxury retailer Burberry Group PLC ...
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MARKET COMMENT Zurich Stocks Close Slightly Higher
SMI ends 0.5% higher at 8318.42. Transocean is one of the day's biggest losers, dropping 2.6% after shareholders reject a proposed $4/share dividend in favor of a smaller distribution at Friday's annual general meeting. Banks slide - Julius Baer down 2.8%, Credit Suisse off 1.5% - after Switzerland's finance minister says the country is nearing a deal with US authorities over ...
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Refinery Status Compressor at Citgo Lemont -2-
The following table lists planned and unplanned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and does not purport to be a comprehensive list.Citgo Petroleum Corp. said May 20 that a compressor at its Lemont, Ill. refinery has been shut for planned repairs.Phillips 66 (PSX) said May 20 that ...
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Embraer Lands Another Major Order As U.S. Air Travel Improves
Brazilian aircraft manufacturer Embraer SA (ERJ, EMBR3.BR) on Tuesday unveiled its third major contract this year to sell jets to a U.S.-based aircraft operator, providing the world's fourth-largest aircraft manufacturer with breathing room for the coming years.SkyWest Inc. (SKYW) has agreed to buy as many as 200 jets, worth as much as $8.3 billion in coming years if all the orders are ...
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Market Snapshot U.s. Stocks Up Slightly On Feds Qe Hints
NEW YORK – U.S. stocks edged higher Tuesday, as investors monitored speeches by three Federal Reserve officials that might hint at when the central bank will start to scale back its bond-buying program.The Dow Jones Industrial Average (DJI) edged up 30 points, or 0.2%, to 15,365. The blue-chip index and the other main stock averages have all bounced back moderately after trading in ...
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Mexicos Antitrust Authority Endorses Financial Reform Proposal
Mexico's antitrust authority recommended Tuesday that Congress approve the government's proposed financial reform in an "expedited manner," as it sees the proposal benefiting consumers.The measure, drafted by a multiparty effort known as the Pact for Mexico and presented this month by President Enrique Pena Nieto, offers greater protection for consumers of financial service ...
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Senate panel hammers Apple over offshore tax strategies
1 of 7. Apple CEO Tim Cook (C), CFO Peter Oppenheimer (L) and Apple Head of tax operations Philip Bullock appear before a Senate homeland security and governmental affairs investigations subcommittee hearing on offshore profit shifting and the U.S. tax code, on Capitol Hill in Washington, May 21, ...
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Fitch Releases J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10 New Issue Report
Accounting Rules May Encourage Short-Term Leases The latest lease-accounting proposals from international and U.S. standard-setters, designed to aid transparency and consistency, may encourage companies to shift to short-term leases or structure agreements as service contracts, Fitch Ratings says. This could mean that fewer leases than originally anticipated will be brought onto the balance ...
Missouri Feature
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Missouri just as good for travelling as far away places
Missouri is known as the Show-Me State, and although the exact origins of this odd term are as varied as they are uncertain, there certainly is much that the state of Missouri has to show tourists, both local and out-of-state alike. During these times of recession, when distant travel is prohibitive, now might be the time for Missourians to turn their attention to destinations closer to home.
Missouri is a tourist destination of diversity; it may not rank up there with Florida, California, New York and Louisiana, but it home to two of the largest metropolitan areas in the country (Kansas City Metropolitan Area and Greater St Louis). There are also interesting smaller towns that have made a name for themselves as being visitor friendly, while several significant natural areas make the state a popular destination for nature lovers. Read more
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