Latest Breaking Business News
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Empty shops hit record high retail study shows
The number of empty shops on Britain's high streets and malls has hit a record high on the back of a struggling economy and changing shopping habits, industry data released on Monday showed.Across the UK almost one in eight shops lay vacant in April 2013, according to the British Retail Consortium, the highest since it began collecting such data in July 2011. Almost one in five shops in ...
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New Co-operative Group head endures rocky start at annual general meeting
the group's beleaguered bank .Around 250 delegates from across the country filed into New Century House to meet Euan Sutherland, the one-time head of the Kingfisher group they hope will guide them to safety.The meeting at New Century House, Manchester, was held behind closed doors, with delegates unusually tight-lipped as they arrived. A significant absentee was the Co-operative's ...
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Share market set for gains on Wall St record
Australia The Australian dollar remains well below parity with the greenback, after positive US economic data pushed the value of its currency higher on Friday. Around 9:00am (AEST), an Aussie dollar was worth 97.42 US cents.The local currency was also fetching just under 76 euro cents, 100.25 Japanese yen and 64.23 British pence. Futures trade indicates the share market will rise today, with ...
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Companies launch cyber war games to prepare for hackers
Clusters of corporate techies hunched over their laptops one recent evening in Mountain View, Calif., feverishly trying to figure out how RK Industries hacked into and stole critical information from its rival, EntraDyn. It’s a common occurrence, but in this case the firms were fictitious, and the event - a simulated exercise put on by security firm Symantec - featured rock music, a ...
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Edina boutique fulfills designers dream
Edina women’s boutique, a reality. Fortunately, Roth had been preparing for the opportunity for much of her life. She got her start working in her father’s textile factories and selling fashions in their native India, and for the last decade has designed and manufactured wholesale clothing, jewelry and accessories for major department stores as head ...
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Trial of Petters associate to open Monday
The federal trial of the last foreseeable defendant in Minnesota’s largest criminal fraud begins Monday. James Fry, a dentist-turned-hedge-fund-manager from Spring Park, faces 12 counts accusing him of securities and wire fraud and making false statements to the Securities and Exchange Commission in his role as a financial conduit in the Tom Petters-directed Ponzi scheme that bilked ...
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Twin Cities at center of hearing aid growth
Plymouth -based Miracle-Ear, which says it sells America’s most popular hearing aid, is turning up the volume for its Italian parent, Amplifon. Moreover, the Twin Cities hearing aid trade, which boasts several firms, appears to be growing thanks to aging baby boomers who need hearing help, powerful digital products and the willingness of some health insurers to cover at least some of the ...
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Bloomberg terminals opened world of information to reporters
Today, what really connects the financial world? Money, intellect and ideology are candidates. But the best answer may be: the Bloomberg terminal. More than 315,000 of these data cockpits are in use around the world, leased for $20,000 a year. To locate a shared terminal in an office one merely needs to follow the deepest footpath in the carpeting. "Smart money" cannot live without ...
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Business forum For medtech a new model is needed
The realities of the Affordable Care Act, longer FDA approval times and reimbursement challenges require new ways to finance medical technology ...
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Movers Shakers Kyle OKeefe Robert Half International
Robert Half International Title: Regional vice president Age: 35 Kyle O’Keefe, who has a decade of experience at Robert Half International, has been promoted to regional vice president for the specialized staffing firm’s Twin Cities market. O’Keefe will oversee operations for Robert Half’s Accountemps and OfficeTeam staffing divisions ...
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Outside consultant Exercise-product start-up needs laser focus
Question My start-up company has a product, the (4-in-1) Trans4mer, that was invented after my own experience with in-home physical therapy. That therapy had me using multiple exercise balls, bells and weights, which are both costly and space-consuming. Our product is a market disrupter but we have start-up financing problems. How do you effectively take advantage of this situation as a ...
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Australia shares seen firmer on Wall St. records soft currency
SYDNEY, May 20 (Reuters) - Australian shares are seen starting firmer on Monday, after better economic data in the United States pushed Wall Street to fresh record highs and as the local dollar remains below parity against the greenback. * Local share price index futures rose 0.4 percent to 5,212.0, a 31.2-point premium to the underlying S&P/ASX 200 index close. The benchmark ended 0.3 percent ...
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Ryder System shares could rise 20 percent Barrons
(Reuters) - Ryder System <R.N), a truck rental and supply chain management company, could see its shares rise as much as 20 percent, according to a Barron's ...
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Analysis High speed trading a stiff challenge for U.S. regulators
CHICAGO (Reuters) - Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown ...
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Analysis Little sign Abe can shake up Japans inbound FDI
By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with ...
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Insight Despite curbs Chinas vast hot money triangle flourishes
ZHUHAI, China/HONG KONG (Reuters) - In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling ...
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Exclusive Bangladesh factory banned by Wal-Mart still makes Wrangler shirts
GAZIPUR, Bangladesh (Reuters) - A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF ...
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Reports Yahoo to acquire Tumblr for $1.1B
YHOO ) may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, California, company's board of directors met Sunday and approved a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer ...
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Expectations run high for Microsofts next-gen Xbox
Microsoft unveiled the Xbox 360, double the amount of time between the original Xbox debut in 2001 and its high-definition successor's launch in 2005. With the next-generation Xbox expected to be revealed Tuesday, anticipation for the entertainment console's latest evolution is running high. ``People get excited about new consoles because consoles represent the future,'' ...
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On fleeting Hong Kong trips Chinese make frugal fashionable
By Donny Kwok and Lavinia Mo HONG KONG | Sun May 19, 2013 5:00pm EDT HONG KONG May 20 (Reuters) - Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour. Wealthy Chinese used to stop over in Hong Kong ...
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Yahoos board approves $1.1 billion Tumblr acquisition WSJ
SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr ...
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Gasoline prices at US pumps 11 cents over past 2 weeks
CAMARILLO, Calif. - The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is $3.98. Diesel held steady at $3.93 gallon. Of the cities surveyed in the Lower 48 states, Tucson, Ariz., has the ...
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Ahead of shareholder meeting JPMorgan CEO Dimon is under pressure fighting for chairman job
NEW YORK - Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs. It's been just more than a year since his bank, JPMorgan Chase, revealed a surprise trading loss that tarnished its usually stellar reputation in Washington and on Wall Street, and what a difference it has made. ...
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Central bank watch on Wall St this week
Wall Street seems destined to push to fresh highs again this week as investors continue to bet on both an improving economic outlook and a solid commitment from the US Federal Reserve to counter any weakness. On Friday, the Dow Jones industrial average rose 0.80 per cent to close at a record 15,354.40, while the Standard & Poor's 500 Index added 0.95 per cent to finish at a record ...
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Delta CEO plans to add jobs in NE Minnesota
Delta Air Lines says he plans to add jobs at the carrier's reservation center in the northeastern Minnesota city of Chisholm. CEO Richard Anderson tells the Mesabi Daily News of Virginia, Minn., ...
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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