Latest Breaking Business News
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Warnings of REITs demise may be premature
The old adage that opportunity arises from adversity seems apt for the evolution of real estate investment trusts (REITs) in Canada. Marking a 20-year milestone this month, the collective real estate ownership investments have evolved into a market with at least 37 TSX-listed trusts, a market capitalization worth at least $72-billion, and assets worth more than $100-billion. Despite a recent ...
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Quebec sets two-week deadline for construction strike
MONTREAL - The Quebec government has set an informal two-week deadline to resolve the province’s construction sector strike as reports surface of union brigades pressing non-unionized workers to put down their tools. ';If, in two weeks, no agreement has been reached, at a certain point we’ll have to take more drastic action,'; Premier Pauline Marois told reporters ...
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GLOBAL MARKETS-Asian stocks brace for fall China data eyed
Wed Jun 19, 2013 6:41pm EDT * Nikkei futures, Australian stock futures down after Wall St fall * Bernanke confirms market fears of a stimulus withdrawal this year * Dollar higher as U.S. Treasury yields jump By Ian Chua SYDNEY, June 20 (Reuters) - Asian stock markets were braced for a fall on Thursday in line with Wall Street after the U.S. central bank confirmed that it would begin to withdraw ...
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Microsoft reverses position on Xbox One Internet game sharing
Reuters © Xbox One (C) with the Kinect motions sensor (L) and the controller is pictured during a press event unveiling Microsoft's new Xbox in Redmond, Washington May 21, 2013. REUTERS/Nick ...
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Eden Prairie-based Stratasys to buy MakerBot for $403 million
Eden Prairie -based maker of printers that can create three-dimensional objects, agreed to buy MakerBot Industries LLC for at least $403 million, acquiring a start-up competitor in the rapidly growing ...
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Gold ending higher as other metals dip grain contracts rise
Gold is ending higher in Wednesday trading. The August contract is up $7.10 to $1,374 per ounce. Silver and copper are lower with platinum and palladium off by more than 1 percent. Benchmark crude finished 20 cents lower at $98.24 per barrel on the Nymex. Other energy contracts were higher. Wheat, corn and soybeans are up for the ...
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Wisconsin Department of Health Services secretary takes medical leave
MADISON, Wis. -- Wisconsin Department of Health Services Secretary Kitty Rhoades is taking a leave of absence to have hip replacement surgery. DHS released a statement saying Rhoades' leave began on Wednesday. She hopes to return by the end of July. Deputy Secretary Kevin Moore will take over the agency in the interim although Rhoades said she will be involved in decision-making as her ...
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Father sentenced for binding kids outside Wal-Mart
LAWRENCE, Kan. -; A suburban Chicago man was sentenced Wednesday to 30 months in prison for binding and blindfolding two of his children a year ago in a Wal-Mart parking lot in eastern ...
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Stork missing from Safari Park
San Diego Zoo Safari Park officials are searching the North County today for an exotic bird that got caught in a wind gust and flew away Monday ...
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UPDATE 1-Jabil to cut jobs forecasts core earnings below estimates
Wed Jun 19, 2013 6:10pm EDT * Sees 4th-quarter core earnings of $0.50-$0.58/share * Analysts expect core earnings of $0.59/share * Shares down 1 percent after market June 19 (Reuters) - Contract electronics maker Jabil Circuit Inc forecast current-quarter core earnings below analysts' estimates and said it planned to cut an unspecified number of jobs as part of a restructuring plan. Jabil ...
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Bernanke May Have Just Made the Jobs Report More of a Circus
One of the government's most-hyped economic reports may start getting even more scrutiny thanks to Ben Bernanke. That's because the Federal Reserve chairman made some news on ...
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Microsoft changes Xbox One policies after outcry
NEW YORK -- Microsoft is rolling back a much-criticized requirement that its upcoming Xbox One gaming console be regularly connected to the Internet and making clear that there will be no limitations on sharing games.Microsoft Corp. has been criticized for vague statements about whether it will allow Xbox One buyers to play secondhand software. Gamers also expressed distaste for a requirement ...
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After Hours Red Hat Nokia among gainers after hours
SAN FRANCISCO (MarketWatch) -- Linux software developer Red Hat Inc. was among the stocks seeing notable activity in after-hours trading following the company's quarterly ...
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Microsoft Dynamics Apps Hit Azure Cloud
Microsoft announced Tuesday that it's finally offering its Dynamics GP and Dynamics NAV ERP applications on the Windows Azure cloud. The offering comes six months later than originally promised, but it gives customers a "secure, enterprise-class cloud infrastructure [option] from a trusted provider," according to Paul White, senior director, Microsoft Dynamics ERP. ...
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Xbox One Microsoft abandons controversial DRM restrictions
Company responds to global outcry and removes daily online requirements and restrictions to pre-owned sales. Xbox president, Don Mattrick, thanks gamers for "candid ...
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The Federal Reserves dysfunctional relationship with the markets | Heidi Moore
stock markets , the bond markets, the markets for government-supported mortgages, the Fed is both the poison and the medicine.The Fed cured them of their ills. It helped pull those markets out of their doldrums in 2009. The central bank was so good at its job that the Fed is now essentially a market participant itself, influencing the prices in all those markets. As ...
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Next government will have to cut 50 faster to meet deficit target
The next government will have to increase the pace of spending cuts by 50% in the two years after the 2015 election if it is to meet the current deficit target, new research by the Resolution Foundation thinktank shows.The report finds that if the next government decides instead to stick with the current - already punishing - pace of cuts, the deficit target will only be met by raising taxes by ...
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Say what Microsoft offering up to $100000 for novel exploits of Windows 8.1 protections
Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Janet I. ...
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Bernankes Private Exit Strategy
That tension then relaxation was a very interesting physical phenomenon. It's almost as if he realized for the first time, in the middle of the question, that he personally has an exit strategy. He's getting out long before the Fed gets out of QE. And he's keeping it ...
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Microsoft Buckles Sets XBox One Free
Microsoft has announced a major policy change on the most controversial policies of the Xbox One, bowing to growing negative consumer sentiment. In a stunning reversal, the company announced that the system would no longer require an Internet connection (beyond an initial period when users first set up their system), dropped all restrictions on trading and loaning games to friends and did away ...
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SandRidge Energy Ousts Founder
SandRidge Energy 's board of directors on Wednesday said CEO Tom Ward will be replaced by company president James Bennett, citing a need for new leadership at the U.S. oil and gas company.The Oklahoma City, Oklahoma, company has been under fire since last year from activist investor TPG-Axon Capital and another hedge fund for governance lapses and strategic missteps. Current president James ...
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McAfee Tries to Fix His Own Software
spoof on YouTube (Warning: graphic language and images definitely NSFW) aiming to address years of complaints from computer users wanting to remove McAfee software from their devices. Hold onto your mouse pad, because this video is not for the faint of heart. It begins with McAfee explaining that even though he hasn't been affiliated with his namesake firm for 15 years, people keep asking ...
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Major Stores May Mislead With Sales
Bargain shoppers beware: Some major retailers may be misleading consumers with those big sales. We all love a good sale, and when you see that sign--20 percent off, 30 percent off, 50 percent off--you assume you're getting a deal. But we found that the sale price may not be a deal at all. Now, customers are fighting back with class action lawsuits against two of the country's most ...
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Fed will keep pedal to metal on economic stimulus for now
Repairman Jerry Garcia works on an engine on the assembly line at the Ford plant in Brook Park, Ohio. The American auto industry has made a remarkable turnaround. The economy is growing, the labor market is improving and inflation is nothing to worry about. That's the Federal Reserve's widely-anticipated assessment of the economy, released Wednesday after a two-day meeting.The Fed ...
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Federal Reserve Hints At Slowing Bond Purchases
The US Federal Reserve has signalled it is moving closer to slowing its bond-buying programme, which is intended to keep long-term interest rates at record lows. The Fed offered a more optimistic outlook for the US economy and job market, but said it will maintain the pace of its bond purchases for now. Chairman Ben Bernanke said the Federal Reserve could scale back its $85b (£54b) ...
Tokyo in Focus
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Tokyo's new international airport making waves
Haneda airport was renamed Haneda International Airport with the opening of the new International Terminal, which will see several million passengers pass through it each year as the airport regains its status as a global airport with connections to major cities across the world.
When Haneda first opened in 1931 it was the largest civilian airport in the whole country and during the Second World War became a major US Air Base after the invasion of Japan and the country’s surrender. Read more
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