Latest Breaking Business News
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GLOBAL MARKETS-Asian stocks steadier Nikkei bounces back
Thu May 23, 2013 8:29pm EDT * Nikkei up 3 pct in early trade, following 7.3 pct fall * Asian stocks outside Japan steadier after drop * Yen softer, reversing Thursday's gains * MSCI ex-Japan edges up By Ian Chua SYDNEY, May 24 (Reuters) - Asian shares opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh ...
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Hot property Trace Water addition Savage
Details: The Savage City Council has approved plans for a third addition to the Trace Water subdivision, paving the way for 40 custom homes starting at ...
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Kahne embraces long races like the Coca-Cola 600
Kasey Kahne climbs into his car for practice for Sunday's NASCAR Sprint Cup series Coca-Cola 600 auto race at Charlotte Motor Speedway in Concord, N.C., Thursday, May 23, 2013. (AP Photo/Mike ...
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Art Laffers tax fix for California
Economist Arthur Laffer, known for advocating supply-side economics while advising former President Ronald Reagan, discusses Kansas Gov. Sam Brownback's income tax plan with reporters, Thursday, Jan. 19, 2012, at the Statehouse in Topeka, Kan. Laffer, of Nashville, Tenn., also advised the Brownback administration and calls its tax plan "beautiful." (AP Photo/John ...
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UCSD gets $6.4 million to hire stem cell researcher
Ahrens studies cellular biology with nuclear magnetic resonance tools that let him examine the activities of living cells, including stem cells. The cells can be tracked inside whole animals, helping to establish their roles in diseases and how they respond to ...
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Boy Scouts to Admit Gay Youth
The Boy Scouts of America on Thursday ended its longstanding policy of forbidding openly gay youths to participate in its activities, a landmark step its chief executive called "compassionate, caring and kind."The decision, which followed years of resistance and wrenching internal debate, was widely seen as a milestone for the Boy Scouts, a symbol of traditional America. More than ...
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PG Brings Back Lafley to Replace CEO
Procter and Gamble is bringing A.G. Lafley out of retirement to be its Chairman and CEO, effective immediately. He had been CEO from 2000 to 2009. He succeeds Bob McDonald, who is retiring at the end of June after 33 years with the company. In 2009, McDonald took over the CEO job from Lafley. Share of the Dow component were up slightly shortly after the surprise ...
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Google Boss Fears Digital Ethnic Cleansing
Two of Google's most senior executives have used a lecture in London to press their belief in the transparency of the internet and warned of the dangers of "digital ethnic ...
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Microsoft cleared in Xbox patent spat with Google
The U.S. International Trade Commission on Thursday said it won't review a final ruling that found Microsoft to be in the clear of infringing on patents held by Motorola Mobility, which Google acquired last year. The ruling ...
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UPDATE 3-Former Goldman banker settles SEC pay-to-play charges
WASHINGTON/CHICAGO, May 23 (Reuters) - A former Goldman Sachs Group Inc. investment banker has agreed to a five-year securities industry ban and a record fine to settle U.S. Securities and Exchange Commission charges that he broke rules against influence peddling to win bond underwriting business in ...
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Fed Study Rebuts Banks on Swipe Fees
A Federal Reserve study on debit-card transactions undercuts complaints from the banking industry that a government cap on the fees large lenders charge merchants would result in a drop in the payments for all banks.Small banks and credit unions last year were able to charge slightly more than double the average fee of large lenders for debit-card transactions in which the customer has to sign a ...
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Brazil Raises FGC Bank Deposit Guarantee Coverage to BRL250000
Brazil's National Monetary Council authorized on Thursday an increase of the coverage of the country's FGC bank deposit guarantee fund to provide greater protection to depositors and align the country's policies with deposit guarantee practices abroad, the council said.The move had previously been approved at a board meeting of institutions participating in the FGC fund, which is ...
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OMERS considering proposal to reduce pension payouts
Faced with a $10-billion pension-funding deficit, one of Canada’s largest pension funds is considering a drastic proposal that would reduce benefits paid to retiring workers -- or force them to work years longer for the same retirement ...
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Campbell Soup buys Plum Organics
NEW YORK Campbell Soup said it's buying Plum Organics, which makes food for babies and kids, for an undisclosed amount as it looks to move into faster-growing categories. The company, which also makes Prego pasta sauces and Pepperidge Farm cookies, had been struggling to grow sales of its canned soups in recent years as people increasingly look for foods with a fresher feel. To diversity ...
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Cheaper Store-Brand Sunscreens Protect Better Than Costly Counterparts
Image credit: Getty Images You might think that a costly sunblock would be better at blocking UVA and UVB rays than a store brand at, say, Walgreens. However, according to Consumer Reports’ annual ...
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Hewlett-Packard Rue21 Buckle are big movers
NYSEHewlett-Packard Co., up $3.63 at $24.86The computer company's second-quarter results beat Wall Street expectations. It also boosted its full-year earnings forecast.Ralph Lauren Corp., down $4.37 at $183.69The luxury company posted a 35 percent jump in its fourth-quarter profit, but economic challenges in the U.S. and abroad cut into sales.The Buckle Inc., down $1.72 at $55.42The ...
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UPDATE 2-Goldman unveils checks on conflicts in bid to fix image
Thu May 23, 2013 7:15pm EDT By Lauren Tara LaCapra SALT LAKE City May 23 (Reuters) - After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc's Lloyd Blankfein claimed success in putting the bank and his legacy as CEO back on track. At Goldman's annual meeting on Thursday, Blankfein ...
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US stocks end slightly lower
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Intersection of Louisiana Avenue and Hwy. 7 to be rebuilt in St. Louis Park
The busy intersection of Louisiana Avenue and Hwy. 7 will become an interchange with on- and off-ramps. The city hopes it will spur ...
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Stocks recover from an early swoon as investors reassess fears that Fed will slow stimulus
NEW YORK - Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. U.S. markets plummeted immediately after the opening bell Thursday following a global slump prompted partly by an unexpected slowdown in Chinese manufacturing. Concern that the Federal Reserve might ease back on its economic stimulus program sooner than expected had also ...
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Merck ends development of Parkinsons disease drug preladenant based on study results
WHITEHOUSE STATION, N.J. - Merck & Co. says it is ending development of an experimental Parkinson's disease drug because the drug wasn't working. Merck says it reviewed initial data from three late-stage clinical trials and did not find evidence preladenant was more effective than a placebo. The company says it doesn't plan to file for marketing approval of the drug. It ...
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Inside View Chris Garcia of CGC Commercial
Garcia left a stable, eight-year gig as an industrial broker at Bloomington-based Cushman & Wakefield /NorthMarq, one of the Twin Cities' largest commercial real estate brokerage firms. Despite the unsettled economic climate, he was ready to strike out on his ...
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Long-term unemployed ready to work
All but one in the group was over 50 and had been unemployed 27 weeks or longer. They represent the part of unemployment that hasn't fallen with the rest of it -- long term joblessness. While the U.S. jobless rate has declined from a high of 10 percent in 2009 to 7.5 percent in the last four years, the percentage of people who are unemployed for six months or longer has hovered around 40 ...
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Microsofts Interactive Xbox One Debuts
Microsoft thinks it has the one. The company unveiled the Xbox One, an entertainment console that promises to be the one system households will need for games, television, movies and other entertainment. It will go on sale later this year, for an undisclosed price. For the past two years, Microsoft has led the gaming industry in console sales with the Xbox 360. But it's been eight ...
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Shakeup at Embroiled IRS Unit
Lois Lerner, the IRS official whose unit is at the center of the investigation into alleged Tea Party targeting, has been placed on administrative leave and a replacement has been named. Ken Corbin was named acting director of exempt organizations during Lerner's leave. He is currently deputy director of submission processing in the wage and investment division. Lerner invoked her Fifth ...
St Petersburg Featured
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The Pier in danger after decades of memories and pictures
Advocates for The Pier want it to be renovated and restored in its current form, kept as the tourist attraction it is, while city officials feel it would be more economical and feasible to tear it down and replace it with a new structure. The advocates for The Pier want us to decide.
The Pier, as it is called by St Petersburg residents, or the St Petersburg Pier, as it is known nationally and even internationally, is one of the major landmarks of the city and a seminal tourist attraction and has been visited by tens of millions of people during the course of its existence, but it may soon be demolished and replaced, which has courted the anger of many residents. Read more
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