Latest Breaking Business News
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Al Jazeera to launch US channel in August
WASHINGTON - Al Jazeera's new American channel coming in summer hopes to be different with lesser focus on celebrities or other tabloid fodder found on U.S. television news. Al Jazeera America hopes to stand out with a diet heavy on "fact-based, in-depth, long-format news." According to Ehab Al Shihabi, executive director of international operations for Al Jazeera Media Network, Al Jazeera ...
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Private drug firm Aragon being acquired by Johnson and Johnson
WASHINGTON - Healthcare products conglomerate Johnson Johnson is buying privately-held Aragon Pharmaceuticals in a near $1 billion deal to gain control of its experimental drugs for prostate cancer. The acquisition of Aragon Pharmaceuticals includes its androgen receptor antagonist program targeting the treatment of prostate cancer, including its primary product candidate in phase 2 ...
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No direct access provided to servers, says Apple
WASHINGTON Technology giant Apple Monday revealed that over the last six months it had received between 4,000 to 5,000 requests for customer data from U.S. law enforcement authorities relating to criminal investigations and national security matters. The disclosure comes on the heels of similar statements and data from the Microsoft and Facebook Inc last week after reaching a deal about ...
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Australian consumer body reports $94mn losses due to shopping scams
SYDNEY - Australian consumers were fleeced of nearly $94 million last year due to various marketing scams, with the majority being perpetrated using text messages and direct calls, Australian Competition and Consumer Commission said in its latest report. The actual number of losses due to scams could be much higher because many go unreported, stated ACCC Deputy Chair Delia Rickard. The ...
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Chevron begins production and shipment from Angola LNG
SAN RAMON, California - Production and shipment of liquefied natural gas (LNG) from Angola by Chevron Corporation's subsidiary Cabinda Gulf Oil Company Limited has commenced with the first consignment being sent to Brazil, the global energy giant has confirmed. Angola LNG is one of the largest energy projects on the African continent. "First gas at Angola LNG is an important milestone in ...
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Ford Motors to increase car exports out of India CEO
Global automobile major Ford Motor Company considers India as a major market for it to grow as well as ship out more cars to other markets even as it is bringing down production in line with the demand in Europe, said a top company official. Betting big on the 'B' or compact car platform/chassis, the company also hopes to generate higher sales volume from the Asia Pacific region in few years ...
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Best Buy founder Richard Schulze plans billion-dollar foundation
Best Buy Co. Inc. and its single-largest shareholder, plans to gradually expand the size of his $100 million family foundation to about $1 billion and donate most of the money in hopes of "meaningful, transformational change," primarily in K-12 education and medical ...
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Facebook CEO Mark Zuckerberg SKorean president discuss South Korean startups
SEOUL, South Korea -- Facebook CEO Mark Zuckerberg has met South Korean President Park Geun-hye in Seoul to discuss ways to stimulate entrepreneurship and venture firms in Asia's fourth-largest economy. Park's office said Zuckerberg assured the South Korean leader that Facebook would continue to invest in the country, and he invited South Korean firms to jump on Facebook to reach ...
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Oil prices nearly unchanged as traders wait for results from US central bank policy meeting
BANGKOK -- The price of U.S. benchmark oil rose slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. Benchmark oil for July delivery rose 5 cents to $97.82 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. On Monday, the contract fell slightly after it climbed to $98.74, its ...
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Drying out on Water Street
REALTY CHECK Although the Water Street and Front Street office tower corridors look much closer to normal than they did a few months ago, several buildings are still not yet 100 percent restored after Superstorm Sandy, and some stores and cafes remain closed.But one address that’s mostly recovered is Jack Resnick & Sons’ 199 Water St., which just signed two full-floor leases ...
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Dow balloon really pinata
Mortgage rates have risen to an average of 3.49 percent during that same period, up from 2.93 percent. And there are ominous signs for the months ahead. For one thing, foreign investors in April sold a record $30.8 billion in Treasury debt. If foreigners lose faith in Washington’s IOUs, then, well, it’s all over. But Wall Street doesn’t seem to mind. Yesterday, the Dow Jones ...
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USTA isn’t feelin’ the love for Williams doc
Don’t slam professional tennis. That’s the message being served by the United States Tennis Association, which is suing the makers of a new documentary on Venus and Serena Williams for copyright infringement, claiming they used unflattering footage - including Serena’s infamous outburst during the 2009 US Open - without permission."The USTA declined [the] request to ...
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Lib Dems under pressure to support Robin Hood tax in break with coalition
Liberal Democrats will on Tuesday face pressure to break ranks with their coalition partners by voting in favour of the principle of a financial transaction ...
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Cavalier shares fall after carpet-maker warns earnings will be at bottom of guidance
Source: Photos.com Shares in Cavalier Corp fell 1.8% after the carpet-maker warned annual earnings will be at the bottom end of guidance, and signalled a $1 million cash hit as it consolidates its tufting operation. The Australian operating environment "remains very subdued" and normalised earnings will be at the bottom end of the $6 million to $10 million forecast for the year ...
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Court appoints lead plaintiff in shareholder lawsuit against SAC
Pension fund City of Birmingham Retirement and Relief System has been named as the lead representative party, who will act on behalf of other co-litigants in directing the lawsuit, according to a court order on ...
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Chrysler expected to formally refuse governments request to recall older Jeeps for fire risk
DETROIT -- Chrysler is expected to file papers Tuesday explaining its refusal to recall 2.7 million older Jeep SUVs. The U.S. government asked Chrysler earlier this month to recall Grand Cherokees and Libertys because the position of the fuel tank leaves it susceptible to rupture in a rear-end crash. The ruptured tank can spill gasoline, which can ignite if an ignition source is present. The ...
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Report Teacher training programs not selective enough do not prepare educators for classroom
WASHINGTON -- The nation's teacher-training programs do not adequately prepare would-be educators for the classroom, even as they produce almost triple the number of graduates needed, according to a survey of more than 1,000 programs released Tuesday. The National Council on Teacher Quality review is a scathing assessment of colleges' education programs and their admission standards, ...
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Report Slowdown in US health care costs may turn into a trend not a pause
WASHINGTON -- There's good news for most companies that provide health benefits for their employees: America's slowdown in medical costs may be turning into a trend, rather than a mere pause. A report Tuesday from accounting and consulting giant PwC projects lower overall growth in medical costs for next year, even as the economy gains strength and millions of uninsured people receive ...
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Health Care Inflation Slowing Down
Already sluggish health-care inflation is expected to slow down even more in 2014 as consumers, employers and the federal government continue looking to cut medical costs, a new report said Tuesday. And the rate of health-care inflation--as distinct from total medical spending--could drop further in future years as Obamacare rolls out and employers and consumers pay greater attention to costs, ...
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Asia Markets Most Asian stocks drop in choppy trade before Fed
HONG KONG (MarketWatch) -- Most Asian markets retreated Tuesday in choppy trade as investors pondered whether the U.S. Federal Reserve will maintain its monthly bond purchases, with Hong Kong stocks dragged lower by a drop in mainland Chinese property and banking ...
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Obama says Bernanke has stayed a lot longer than he wanted at Fed
U.S. President Barack Obama meets with Chairman of the Federal Reserve Ben Bernanke in the Oval Office of the White House in Washington, in this June 29, 2010 file ...
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NTSB urges backup system to protect track work crews after Metro-North foreman killed in Conn.
HARTFORD, Conn. -- The National Transportation Safety Board has issued an urgent safety recommendation after a railroad track foreman was struck and killed by a passenger train last month in Connecticut. The agency Monday urged the Metro-North Railroad to provide backup protection for track maintenance crews that now depend on train dispatchers. Foreman Robert Luden was killed May 28 in West ...
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Microsoft swaps Outlook.com linked accounts for aliases
"It's a new world" out there in terms of digital identity and security, Microsoft said Monday. And, this world is far more dangerous than it used to be. In order to mitigate e-mail infiltration by hackers and wrongdoers, Microsoft has announced that it's tossing linked accounts for ...
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China May home prices rise at fastest pace this year
BEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing ...
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Japan says G8 stance is sign of approval for Abenomics
British Prime Minister David Cameron (L) welcomes Japanese Prime Minister Shinzo Abe for the first plenary session of the G8 Summit at Lough Erne in Enniskillen, Northern Ireland June 17, ...
Albuquerque News Digest
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Albuquerque leading the way in sustainable development
The Global Warming debate over whether humans or natural processes are to blame for rising temperatures, is far from settled. But for many environmentalists and conservation groups there is a concern that the debate may detract from the fact that something must still be done about the unsustainable way in which humans currently live.
Albuquerque is leading many cities in the United States, and even the world, in efforts to develop a sustainable development program by which future generations will not have to suffer for the industry and economic growth of the present. Read more
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