Latest Breaking Business News
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North-south negative equity divide widening
Ratings agency S&P says that 13.5% of mortgage borrowers in north-west England are in negative equity, against 0.9% in London and the ...
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Facebook May Cash In on Vine-Like Vids
Facebook's Instagram May Be Getting Videos Soon ) The social network is hosting a press event at its headquarters Thursday. While Facebook hasn't confirmed what product it will be previewing, it's widely thought that the company will announce a video function for its photo-sharing app Instagram .The video addition is suspected to be similar to Twitter's Vine, a video-sharing ...
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After the Fed—Whats the Markets Next Move
stocks spiraling downward, as the markets adjusted to the idea of a higher rate environment. The 10-year yield reached 2.35 percent, its highest level since March, 2012. The Dow fell 206 points to 15,112 and the S&P 500 was off 22 to ...
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Fed economic statement drives fall on Wall Street
Australia Comments by the chairman of the US Federal Reserve have driven a sharp fall on Wall Street overnight.After the Fed issued its eagerly awaited policy statement, giving an upbeat assessment of the US economy and the labour market, Ben Bernanke said during a press conference that the central bank's stimulus measures may be scaled back later this year.He said the bond-buying ...
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Microsoft backtracks on Xbox One online games policies
Microsoft is pressing reset on policies related to its Xbox One video game console.The company announced it is dropping two major features of its next-generation console: regular online authenticity checks required to play video games offline and restrictions on what players can do with games after ...
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Microsoft reverses course on Xbox One restrictions
The original plan was to have the Xbox One console check in with its central servers at least once a day (and more frequently if users were accessing their account from a different system). If the console were not able to do so, users would not be able to continue using the Xbox ...
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Microsoft Xbox One policy switch makes user forums explode
After the tech giant announces that it's backtracking on its much-derided Internet connection requirement, social media, comment threads, and gaming forums light ...
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Ex-Kleiner partner wants day in court in discrimination lawsuit
SAN FRANCISCO (Reuters) - A high profile sex discrimination lawsuit in Silicon Valley should be taken private via arbitration, lawyers for venture capital firm Kleiner Perkins Caufield & Byers argued on Wednesday, but the plaintiff, former partner Ellen Pao, wants the chance to tell her story before a ...
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Sony spin-off plan off agenda but looms over shareholder meet
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new ...
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Analysis Sprint should raise Clearwire bid to avoid Dish tension
NEW YORK (Reuters) - Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie ...
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New bookkeeping rule to priprizese open insurers black box accounts
LONDON (Reuters) - An international bookkeeping regime being unveiled on Thursday will iron out national variants in insurers' "black box" balance sheets although the transition will take several years and the United States will keep its own, very different ...
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Report Microsoft and Nokia talked acquisition but no dice
Microsoft and cellphone maker Nokia were in advanced talks about an acquisition of the Finnish company's device business, but the discussions have broken down, according to a report in The Wall Street Journal. Such a deal might have improved both companies' ability to compete in a world dominated by smartphones offered by Apple, which makes both hardware and software, and by Google, ...
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Kodak will keep some ops in Rochester
NEW York state and Eastman Kodak Co have reached a deal that will keep some of the troubled company's operations in Rochester and provide $US49 million ($A53.07 million) for environmental cleanup at the once bustling Eastman Business ...
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Video Federal Reserve raises its predictions for growth and jobs
Ben Bernanke said the economy is doing well enough that the Federal Reserve is likely to ease back on a bond-buying program that has kept interest rates at record-low rates. The prospect of higher interest rates sent the Dow down more than 200 points. Anthony Mason ...
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Xbox One Eighty Microsoft fails to sell the future retreats to the past
Some day, far down the road, we'll be sitting with our grandchildren at our feet, rocking in our holochair, watching the virtual sun set in our Googlezon immersi-room, and we'll get all nostalgic. We'll look back on the period of May to June 2013 fondly, remembering all those memes we posted and those angry diatribes we wrote. We'll look down fondly at those tiny children, ...
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Photos 7 of the Biggest Celebrity Pets Around
These furry pets have the world in their paws. From movie deals to brand sponsorships and book deals, these animals are taking center stage and represent a new world of pet ...
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US stocks tumble on Fed announcement
US stocks have fallen sharply after Federal Reserve chairman Ben Bernanke said the Fed may begin to taper bond purchases later this year. The Dow Jones Industrial Average sank 206.04 (1.35 per cent) to ...
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Microsoft mulled buying Nokia unit
SAN FRANCISCO (AFP) - Microsoft was in talks to boost its position in the mobile phone market by buying the devices business from Nokia but failed to seal a deal, the Wall Street Journal reported Wednesday.The Journal cited unnamed sources as saying the US technology titan and the pioneering Finnish mobile phone company were involved in serious talks that recently faltered.Microsoft has been ...
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Stocks slide and Treasury yields spike after Bernanke says Fed could slow its bond purchases
NEW YORK -- Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of 2014. The reaction by investors -- the Dow Jones industrial average fell more than 200 points and the yield on the 10-year Treasury note rose to its highest in 15 months -- showed just how much investors have ...
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Obama to tap executive powers to curb emissions blamed for global warming
WASHINGTON -- President Barack Obama is planning a major push using executive powers to tackle the pollution blamed for global warming in an effort to make good on promises he made at the start of his second term. Obama's energy and climate adviser, Heather Zichal, said Wednesday the plan would boost energy efficiency of appliances and buildings, expand renewable energy and use the ...
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Merging OfficeMax Office Depot want Ill. and Fla. to vie for combined HQ though tax breaks
CHAMPAIGN, Ill. -- OfficeMax Inc. and Office Depot Inc. want Illinois and Florida to compete to be the home of their combined headquarters if their proposed merger is approved by offering the best package of tax breaks that they can. Naperville-based OfficeMax made its pitch to Illinois lawmakers Tuesday when executives testified before a state Senate Executive Committee hearing in ...
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Porsche GMC top annual survey of vehicle quality but results dragged down by tech features
DETROIT -- Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail. The top complaints in J.D. Power's closely-watched survey of new vehicle owners, released Wednesday, involved technologies that drivers are clamoring for. Voice recognition systems either didn't recognize ...
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Woody Harrelson behind company making environmentally friendly paper that saves virgin trees
LOS ANGELES -- Woody Harrelson is putting his paper where his passions are. The 51-year-old actor is the co-founder of Prairie Pulp & Paper Inc., which launched its brand of environmentally friendly paper Wednesday. The company spent 15 years researching and developing its Step Forward Paper. It's made of wheat-straw waste and wood fiber rather than virgin trees. The company says ...
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Microsoft Responds To Fan Outcry Changes Xbox One Policies
Don Mattrick, president of Interactive Entertainment Business at Microsoft, greets the crowd at the Xbox One reveal event in Redmond, Wash., last ...
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Microsoft Says XBox is no Big Brother
Microsoft manager Marc Whitten doesn't think a lot of the recent criticisms from data security advocates about Microsoft's new XBox One gaming console are fair. "The player controls the system, not the other way around," says the man who has become known as the Father of the XBox One, speaking to dpa on the sidelines of the E3 gaming convention in Los Angeles. Critics ...
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