Latest Breaking Business News
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Huawei might consider buying Nokia report
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once ...
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Spain Garners a Bull Call
It was just over a year ago that yields on Spanish 10-year sovereign bonds surged over 7.6 percent. Investors fretted that the "S" in the infamous PIIGS acronym was headed for collapse and a subsequent epic bailout. Spain, the eurozone's fourth-largest economy, offered little in the way of bullish investment themes, that is unless one enjoys crippled banks and the region's ...
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D23 releases new photos of Walt Disney on revamped website
This photo of Walt Disney, taken with his personal camera, was made at his home in California. More rarely seen photos are now available for free on the website of D23, the official Disney fan ...
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6 alternatives to summer internships
(MoneyWatch) Motivated high school and college students often spend their summers working at low-paying or even nonpaying internships. In view of the competition for prime positions, they should apply for them as early as post-Christmas break. The difficulty in landing one is borne out by the fact that 52 percent of college students reported their school didn't provide them with enough ...
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Medical cost inflation to ebb in 2014
(MoneyWatch) Medical cost inflation will rise less in 2014 than in any point in recent history, according to a new report by PwC's Health Research Institute. A host of trends -- from corporate wellness programs to moving care out of emergency rooms and into less expensive retail locations -- is expected to hold back the rapid rise in the amount Americans spend on health care even as an ...
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A second look at travel insurance
(MoneyWatch) I have written in the past that trip cancellation insurance is not a necessity, since most people can afford to self-insure against the risk of vacation plans gone awry. It is important, for example, that you do business with a reputable travel agency and look into a cancellation waiver. But recent policy changes by airlines may shock unaware travelers who have to cancel or change ...
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US Wall St. plot foiled
The director of the National Security Agency said Tuesday the U.S. government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange, in a forceful defense of the spy operations. Army Gen. Keith Alexander said the two recently disclosed programs -- one that gathers U.S. phone records and another that is designed ...
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US STOCKS SNAPSHOT-Wall St extends gains Dow up more than 1 pct
NEW YORK, June 18 | Tue Jun 18, 2013 2:19pm EDT NEW YORK, June 18 (Reuters) - U.S. stocks extended gains on Tuesday with the Dow up more than 1 percent, as investors took an optimistic view that the Federal Reserve will temper recent statements pointing to the future reduction of U.S. monetary support. The Dow Jones industrial average was up 147.16 points, or 0.97 percent, at 15,327.01. ...
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European car sales lowest since 1993
The slump in European car sales has reached a fresh nadir with the worst figures for May in 20 years, eroding manufacturers' faint hopes of a recovery after more than five years of decline.The European Automobile Manufacturers' Association said demand for new cars in the European Union was down 5.9% on the same month last year. Just over a million cars were registered in the lowest ...
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Before You Invest Google
Google . Seriously? Seriously. Even in the post-Bernie Madoff era, individuals still haven't learned to do something as simple as Google a financial advisor before entrusting the advisor with their assets. ...
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Icahn Calls for Dell Tender
CNBC's Josh Lipton reports breaking news on Dell. Billionaire Carl Icahn proposed that Dell commence a tender offer for $1.1 billion at $14/share. He also announced a purchase of 72 million Dell shares from Southeastern Asset ...
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Job Hunting Gifts for Graduates
Wondering what to get your favorite graduate? Chances are he or she could use some help getting started in the world of work. Unemployment among college graduates is under 4 percent, but a significant share of those employed are not working in their chosen fields. Whether for a graduate heading to a hot job or for one hunting for career gratification, these accouterments will come in handy. ...
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Home Builders Slow Starts Raise Prices
CNBC's Diana Olick reports housing starts rebounded more than 6 percent in May after a large drop the previous month. David Goldberg of UBS and Deutsche Bank's Nishu Sood provide their insight on how to play the home builder space ...
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Plot against Wall Street foiled US spy chief
National Security Agency said Tuesday the US government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange, in a forceful defense of the spy operations. Army Gen. Keith Alexander said the two recently disclosed programmes, one that gathers US phone records and another that is designed to track the use of ...
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If Chrysler refuses Jeep recall what can owners do
Chrysler introduced the all-new 1999 Jeep Grand Cherokee in Detroit's Cobo Center in Detroit, Michigan in this June 16, 1998, file photo. While Chrysler and the federal government wrangle over whether a Jeep recall is warranted, owners of the 2.7 million affected vehicles may find their options haven't stalled. Chrysler is expected to file papers Tuesday formally refusing a National ...
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May Housing Starts Up 6.8
Multi-family starts rose 25 percent month-to-month in May, and single-family starts were up just 0.3 percent month-to-month. CNBC's Diana Olick, offers insight. Jade Mills, Coldwell Banker; Al Goldstein, Pangea Properties CEO; and Niall Ferguson, ...
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CNBC Fed Survey Tale of the Taper
CNBC's Steve Liesman discusses the results of the latest CNBC Fed Survey, saying participants see one of the biggest threats to the economy is tax and regulation ...
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Billionaires Real Estate Playbook
Colony Capital's Tom Barrack, reveals where he is finding housing plays in the real estate sector. Taper talks began and REITs were hammered as a result, he ...
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A million new millionaires 2012 was a good year for wealthy
There were one million new millionaires in the world last year, according to a survey, the World Wealth Report. The population of millionaires worldwide surged by 9 percent last year, growing to 12 million, according to a report. The World Wealth Report, from Capgemini and RBC Wealth Management, said rising stock markets and stronger real estate helped create 1 million new millionaires ...
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Plane war pits Boeings new Dreamliner vs. Airbus A350
Boeing fought back Tuesday with plans for a larger version of the Dreamliner, just four days after its competition, the Airbus A350, grabbed the headlines by taking to the skies for the first time.The trans-Atlantic battle between the world's biggest airplane makers ratcheted up a notch at the Paris Air Show where cost-conscious airlines are shopping for wide-body planes that can carry more ...
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Stocks move up as all eyes focus on Fed meeting
1 hour ago Stocks rose over 120 points on Tuesday, adding to the previous day's gains, as investors focused on the Federal Reserve's two-day meeting to discuss the future of the central bank's bond-buying program. "All eyes are on the Fed," said John Fox, co-manager of the FAM Value Fund. "Economic news has been fine and continues the trend that we've been ...
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Wall Street rises on hopes of Fed status quo
NEW YORK - U.S. stocks rose on Tuesday, led by growth-oriented sectors, as Federal Reserve policymakers gathered for a two-day meeting to discuss the future of the Fed's bond-buying to stimulate the economy. With the Fed expected to maintain the current level of purchases, shares of industrial, technology and consumer discretionary companies rallied. General Electric gained 1% to $24.02 ...
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City Investors Vow Fight Over RBS Break-Up
Some of the City's most prominent institutional investors are vowing to oppose any attempt to break up Royal Bank of Scotland (RBS), claiming it would undermine attempts to recover the taxpayer's 45.5bn of rescue funding. Sky News can reveal that institutions including Royal London Asset Management and Standard Life Investments have begun to express profound concerns about a ...
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Tax Evasion G8 Leaders Vow Tougher Stance
Leaders of the G8 nations have signed an agreement to crack down on the "scourge" of tax evasion at the end of a two-day summit in Northern Ireland. The leaders also vowed to tackle tax avoidance by multinationals such as Google, Amazon and Starbucks that costs taxpayers billions in lost revenues. Summit host Prime Minister David Cameron has made clamping down on secret flows of ...
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U.S. court lets stand Ex-Im Bank loan for Air India
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once ...
Europe Focus
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US nuclear missles in Europe remain poised for a war that will never come
The United States and Russia recently signed a new landmark nuclear non-proliferation treaty called START in March and the US in early May followed up its non-proliferation goals by making the unprecedented step of publicly declaring how many nuclear weapons it had – just over 5,113 in total, though many of them are in storage and would take time to be deployed.
That is a vast reduction compared to the total arsenal the country possessed at the height of the Cold War in 1967, the number at that time was 31,225, according to reports by European news media. Read more
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