Latest Breaking Business News
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Merger Monday on Wall Street
Bernanke's testimony on economic outlook "will be the highlight in a week where we may learn more about the Fed's intentions with regards to potential [quantitative easing] tapering," said Deutsche Bank analyst Jim Reid. Also on merger ...
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Regional Newspaper Boss Prepares To Step Down
One of the British newspaper industry's top bosses is poised to step down as the sector contends with an accelerating consumption shift away from printed titles towards digital media. I understand that Newsquest, which is owned by the American media giant Gannett and publishes titles such as the Oxford Mail and the Northern Echo, is hunting a successor to Paul Davidson, its veteran ...
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Google Tax Cameron Not To Confront Schmidt
David Cameron will not confront Google directly about its tax arrangements at a meeting with the search engine's boss this afternoon. Asked whether the PM would specifically raise the concerns about Google's tax affairs at a meeting in Downing Street with the internet giant's chairman Eric Schmidt, a No 10 spokesman said: "We don't talk about individuals' or ...
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Ex-Goldman banker Thornton steps down from HSBC board
Thornton, who heads HSBC's remuneration committee, will not seek re-election to the bank's board at its annual shareholder meeting on Friday in view of "recent expanded responsibilities within his other business interests," HSBC ...
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Indonesian Mine Still Closed Hopes Fade for Trapped
JAKARTA, Indonesia – PT Freeport Indonesia's massive mining operations in Papua remained closed Monday, with labor unions demanding the shutdown continue until remaining bodies are recovered in Indonesia's worst mine disaster, a tunnel collapse last week that appears to have claimed 28 lives.Markets remain unaffected by the news, with traders saying the shutdown appears temporary ...
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Goldman Sachs Raising $1.1 Billion From Sale of Remaining Stake in ICBC -Term Sheet
Goldman Sachs Group Inc. (GS) is selling its remaining stake in Industrial & Commercial Bank of China Ltd. (1398.HK) for around US$1.1 billion, exiting an investment it made in China's biggest bank seven years ago.The stake in the bank, which was one of the first Chinese lenders to accept foreign investors as shareholders, has been lucrative for Goldman. If the current sale is ...
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5.20.13 More melting for gold
will be the focus for investors this week, especially after last week’s mauling that saw gold bears maul the yellow metal, pushing it ever closer to its longest slump in four ...
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How do leaders respond to email
(MoneyWatch) I was recently asking for some background on a senior executive at a major firm. The first insight I was given was striking: I was told that he often didn't reply to emails. A few days later, listening to a profile of a leading scientist and university president, I noted that one of her colleagues commented that if you send her an email, you will get an answer almost instantly. ...
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How long should you keep tax returns
How long to keep bank records I find that in the case of tax returns, many people are afraid to discard them or confused as to how long they should keep them. The result is that they keep them all. One client told me he kept every tax return he filed going back over 30 years! Keeping all of your financial papers that long is not a good strategy. For one thing, the result is an accumulation ...
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Photos Doritos Girl Lists Home
Ali Landry, whose first claim to fame was a 1998 Super Bowl Doritos ad, listed her 4-bed home for $1.925 million. Landry bought the home in the Los Angeles area in 2004. She's married to director Alejandro Monteverde, and they have two children. Built in 1927, the 3,700-sq. ft. home has Spanish detailing including tiles, stained glass windows, and an "authentic Mexican patio with ...
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US stocks edge lower
US stocks have edged lower in opening trade amid a flurry of merger and acquisition news, including the Yahoo! takeover of blogging platform Tumblr. Five minutes into Monday's trade, the Dow Jones Industrial Average was down 7.27 points (0.05 per cent) at 15,347.13. The tech-rich Nasdaq Composite Index slipped 1.87 (0.05 per cent) to 3497.10 and the broad-market S&P 500 dipped 0.48 (0.03 per ...
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Yahoo buying Tumblr for $1.1-billion vows won’t ‘screw it up’
This Wednesday, Oct. 17, 2012, photo, shows a sign in front of Yahoo! headquarters in Sunnyvale, Calif., Wednesday, Oct. 17, 2012. (Marcio Jose Sanchez/The Associated ...
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Sanders hires policy exec for chamber
Aimee Faucett, Sanders' former deputy chief of staff and director of policy, will now work for him in a new capacity, as vice president of domestic and international public policy and member ...
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Report NetApp cutting hundreds of jobs ahead of Tuesday earnings
NetApp is reportedly preparing to cut 10 percent of its global workforce. Sunnyvale-based NetApp is reportedly cutting as many as 1,200 jobs worldwideroughly 10 percent of its workforceahead of its earnings report on Tuesday. Last week, Piper Jaffray issued a private analysts note warnings investors of the impending layoffs. The Times of India today reported that the company was cutting 300 jobs ...
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Yahoo promises not to screw it up over $1.1bn Tumblr deal
internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old founder, to his staff, in which he said "We're not turning purple" - Yahoo's corporate colour - and rounded it off "Fuck yeah."The deal, which is expected to complete in the second half of the year, is almost all cash, is equal in value to Yahoo's ...
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How should a long-serving chief executive decide if it is time to go | Jill Treanor
Martin Gilbert, one of the longest serving chief executives of any FTSE 100 company, found himself mulling over his longevity as he spoke to a conference in London on Monday.He was there to ...
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British workers feeling less secure – and more stressed
pay cuts and diminished control over their jobs among the biggest concerns, according to a national survey of employees' wellbeing.More than 3,000 workers aged between 20 and 60 were interviewed in 2012 for the latest in a six-yearly Skills and Employment survey, funded by the Economic and Social Research Council and the UK Commission for Employment and Skills.The first findings from the ...
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Chesapeake Taps Anadarko Exec as New CEO
Anadarko Petroleum as chief executive, filling the post vacated by co-founder Aubrey McClendon.Lawler, who is senior vice president of international and deep-water operations at Anadarko Petroleum, will join Chesapeake on June 17, the company said.McClendon's departure on April 1 came after a tumultuous year in which a series of Reuters investigations led to civil and criminal probes of the ...
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Power Rundown Lotteries a Tax On the Foolish
CNBC's Robert Frank and Bob Pisani discuss new rules for carry-on bags; the Buycott app, which helps you boycott a company's products; and are lotteries a tax on the ...
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Credit Suisse CEO Talks Regulation
Credit Suisse is among the first nanks to de-leverage to meet the demands of today's stricter regulatory environment. Brady Dougan, CEO, Credit Suisse, weighs in on the transition with CNBC's Maria ...
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Wall Street advances for fourth straight week
Insight on the market action, with Mark Luschini, Janney Montgomery Scott; Dan Veru|Palisades Capital Management; Peter Costa, Empire Executions; and Andrew Keene, Keene on the Markets. Stocks closed out the week with strong gains, with the Dow and S&P 500 hitting fresh highs and all three major averages logging their fourth-straight weekly advance, boosted by a pair of positive economic ...
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Crime at sea The worlds most pirate-infested waters
Where are the most pirate-infested waters in the world? CNBC gives the rundown. Like the Caribbean of old, the waters near Somalia used to be the most heavily pirated in the world. Now there's a new king of the pirates that's quickly become a headache for governments, shipping companies, cruise lines, energy firms, global conglomerates ...
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Jennifer Aniston From Friend to Entrepreneur
Jennifer Aniston is one of Hollywood's leading stars. Aniston spoke exclusively with CNBC's Maria Bartiromo about what motivated her to get into the hair care ...
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Restaurants fear tough drunk-driving law will be buzzkill for light drinkers
Diners have alcohol with their dinner at Paci Restaurant in Southport, Conn. on Friday, May 17, 2013. Imagine having a drink with dinner at a restaurant only to be pulled over on the way home and slapped with a DUI. That could happen under a proposed plan to toughen the drunk driving laws across the country, and it has restaurateurs alarmed.The National Transportation Safety Board wants states ...
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Tim Cook Says Corporate Taxes Too High
Seema Mody reports on Apple CEO Tim Cook's statement that corporate taxes are too high, ahead of his Congressional testimony next week. With Dean Garfield, Information Technology Industry Council, and Arthur Laffer, Laffer Associates ...
Turkmenistan Featured
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Turkmenistan's new olympic development could be blessing or curse
Work has finally begun on the massive Ashgabat Olympic complex development, a US $5 billion project that aims to enhance the standing of the capital city when Turkmenistan makes a bid to host the Olympic Games.
The sports complex being built in Ashgabat will be the largest and most state-of-the-art of its kind in Central Asia, underscoring Turkmenistan’s position as a regional power due to the country’s extensive natural gas and oil reserves, while its completion will also illustrate the growing presence of the country in the international community. Read more
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