Latest Breaking Business News
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N. Huntingdon road near Wal-Mart remains private — for now
Developers Robert W. Shuster and Donald Tarosky said the delay will affect decisions by national firms looking at other properties between the Wal-Mart and Pennsylvania Turnpike ...
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Gold plunges to 2-12 year low and silver is getting slammed too
LONDON -- Gold prices tumbled to their lowest in more than 2-1/2 years on Thursday and silver fell more than 6% after the U.S. Federal Reserve gave its most explicit signal yet that it plans to bring the era of easy money to an end. Gold plunged after Fed Chairman Ben Bernanke said on Wednesday the U.S. economy was expanding strongly enough for the central bank to begin slowing the pace of its ...
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Global markets succumb to sell-off after Fed signals end to stimulus
LONDON -- The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp falls in bonds, shares and commodities on ...
More Breaking Business News
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Financial protection from ruinous medical conditions
last post described lifestyle steps you should take to protect yourself from a major health crisis, while this post describes the financial protections you need to put in place. As mentioned in my previous post, you probably already know what these are; hopefully, this post gives will spur you to ...
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New interns 5 things your boss hopes youll do
(MoneyWatch) In an ideal world, summer interns would receive tons of training before beginning their jobs and adequate feedback once the season started. The problem is that many hiring managers don't have a lot of time to teach their new hires. In fact, the shortest-staffed companies may be more likely to hire interns in order to pick up the slack from downsizing. So while it may seem as if ...
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Is now the time to buy a home
(MoneyWatch) Buying a home appears to be one of this summer's biggest trends. Bidding wars, jacked-up prices and swamped open houses: There are horror stories around the country of buyers in search of real estate. Buying a house in the midst of a feeding frenzy may not be the wisest strategy. But if you wait only a few months, conditions may change and you can get a better ...
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Achieve the optimal - not highest - credit score
(MoneyWatch) If you're a smart consumer, you probably keep an eye on your credit score. At least one annual peek can tell you if your score is healthy enough to support a new mortgage or car loan, for example. You might also know that the scale tops out at 850. That begs the question: What do you need to do to achieve the highest score? And what number is actually good enough? After all, ...
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Photos Home in Governator Affair Sold
Arnold Schwarzenegger's former 9-bedroom home in the Pacific Palisades neighborhood of Los Angeles sold for $12.9 million. The former California governor and his wife, Maria Shriver, lived in the house from 1986 to 2003, according to the Los Angeles Times. They sold it then for just under $18 million. The housekeeper who had an affair with him and had his child, worked in the home for 20 ...
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World Bank pledges to ensure developing countries dont suffer from tighter monetary policy
BERLIN -- The head of the World Bank is pledging to ensure that financing for developing countries doesn't suffer when central banks in rich nations wind down monetary stimulus programs and raise interest rates. The U.S. Federal Reserve said Wednesday that it could start scaling back later this year its huge bond-buying program -- aimed at keeping long-term interest rates low to boost ...
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Ahead of the Bell Investors ready to find out if Oracle bounced back in fiscal 4th quarter
SAN FRANCISCO -- Oracle's end-of-quarter report should give investors a better handle on whether a disappointing performance earlier this year by the business software maker was a hiccup, or a symptom of problems that are more deep-seated. The Redwood Shores, Calif. company disillusioned much of Wall Street in the third quarter, it's most recent, and the final report of its fiscal ...
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Glitzy Dubai looks back to time of Quran for new theme park
DUBAI, United Arab Emirates -- Dubai has added a new item to its top ambitions such as building the world's largest Ferris wheel and bidding for an Angry Birds theme park -- a site honoring the Quran. The estimated $7.3 million project will include a garden with plants mentioned in the Islamic holy book and an air-conditioned tunnel depicting events from the Quran. Dubai media quoted the ...
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Microsoft Launches Security Bounty Program Will Pay Up To $100k For Exploits
security bounty program that pays as much as $100,000 to anyone that exposes flaws, bugs and security vulnerabilities in its software before and after the products are released. The program will officially kick off on June 26, the same day that Windows 8.1 Preview begins shipping. While companies such as Mozilla, Google and Facebook have similar bounty programs already in place, Microsoft has ...
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Asian stocks tumble on Fed easing China PMI
Asian stocks received a double blow on Thursday, falling the most in almost two years, after the U.S. Federal Reserve Chairman Ben Bernanke hinted that asset-purchases could end later this year if the economy continues to improve while China’s PMI ...
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Indications Stock futures slide as Fed triggers global rout
MADRID (MarketWatch) -- U.S. stock futures tumbled on Thursday as global markets dug into a selloff begun by Wall Street a day prior, after the Federal Reserve signalled that its bond-buying program could be scaled back later this year. Downbeat China manufacturing data added to investor ...
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Ahead of the Bell Oracles 4Q earnings coming out
SAN FRANCISCO - Oracle's end-of-quarter report should give investors a better handle on whether a disappointing performance earlier this year by the business software maker was a hiccup, or a symptom of problems that are more deep-seated.The Redwood Shores, Calif. company disillusioned much of Wall Street in the third quarter, it's most recent, and the final report of its fiscal year, ...
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Mortgage lending up 21 in May
The CML said the recent surge in mortgage lending may reflect sales delayed due to poor weather earlier in the year. Photograph: Nigel ...
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Online shopping drives UK retail sales higher than expected
UK retail sales jumped far more than economists expected in May, supporting hopes that a modest economic recovery is gaining momentum.The volume of sales rose 1.9% compared with a year earlier, and 2.1% compared with April, largely driven higher by internet shopping, according to the Office for National Statistics.The value of sales was 27.1bn, up 3.1% on an annual basis and 2.1% on a monthly ...
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Microsoft tacks up first wanted poster debuts temp bounty for IE11 bugs
Computerworld - Microsoft on Wednesday backpedaled from a long-standing refusal to pay bug bounties when it announced a temporary program for the beta of Internet Explorer 11 (IE11). The Internet Explorer 11 Preview Bug Bounty will start June 26, the day the browser launches alongside Windows 8.1 at the BUILD developer conference, and will run until July 26. During the 30 days, Microsoft will ...
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Wells Fargo CEO Interest Rates Need to Normalize
David Blitzer, S&P 500 Index Committee chairman, and Carl Riccadonna, Deutsche Bank senior economist, discuss the impact of the Fed's expected tapering process on stocks and bonds. And John Stumpf, Wells Fargo chairman & CEO, weighs in on the housing ...
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How Shale Is ‘Fracking’ the Old Order
Bakken Shale tripled in 2007. Crude oil was trading at a mere $60 a barrel, though, so not many people noticed. The state finished a mere 13th. By last year, ...
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Summer Car Deals Pedal to the Metal
After a few years of late-starting, lackluster deals, the summer auto sale may be back in full force. Light vehicle sales were up 8.2 percent in May compared to the previous year, according to research firm Autodata Corp. Sales year-to-date are 7.3 percent higher than in 2012. That demand, paired with fairly lean inventory on lots, should have put automakers in the driver's seat as it did ...
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Red Hat Beats on Top Bottom Line
Jim Whitehurst, Red Hat president & CEO, discusses the company's better-than-expected first quarter results, and weighs in on what's driving economic ...
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Highlights From the Paris Airshow
Paris Airshow , which kicked off this week, has already seen Airbus and Boeing announce multi-billion dollar orders for their new aircraft. Airbus has been out touting its next generation plane, the A350, ...
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Microsoft Xbox The damage has been done
stunning reversal , the technology giant made an abrupt about-face on some of the controversial features of its upcoming Xbox One console. The company scrapped requirements that would have prevented users from playing offline games and made it difficult to sell used games in response to fierce online criticism. Don Mattrick, president of Microsoft's ...
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Mortgage Lending Surges 21 In A Month
Further evidence has emerged that the housing market is growing at a stronger than expected pace amid fears of a new 'bubble', driven by Government funding schemes. The Council of Mortgage Lenders (CML) said that lending soared by 21% in May compared with April, with an estimated £14.7bn worth of mortgages advanced in the month. It was, the CML said, the highest level of ...
Discussing Liberia
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Liberia gaining the world's attention for the right reasons
When members of the international community, and even many Africans themselves, think of Africa one of a few stereotypes come to mind; poverty, crime, corruption and political instability. Africa is seen as a haven for everything nefarious in the global community, terrorists are trained here, rebels attack their governments, drugs are grown in, and exported from, African soil and many African heads of state preside over a government whose authority does not extend beyond their capital city.
Liberia, not often in the international news for doing well, seems to be making a concerted effort to redress this trend, suggesting that a period of integrity may be ahead for the continent as a whole; South Africa is hosting the FIFA World Cup, Egypt is cooperating with the international community in opening up its border with Gaza and Liberia’s government is holding its own as an example of the far-reaching effects of good governance and rooting out corruption. Read more
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