Latest Breaking Business News
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SUV passengers more likely to survive crashes
Passengers in SUVs are now known to be more likely to survive a serious crash. A new study conducted by the University of Buffalo in the US has found the driver of the SUV is as much as 10 times more likely to survive in a head-on collision where a passenger car is involved. While automakers have taken steps to improve safety in normal passenger cars, such as changing bumper designs on ...
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Spain sees rise in surplus
Spain has reported a trade surplus, the first since 1971. With imports slumping due to austerity measures, the first monthly trade surplus for more than 40 years is being seen as a positive development. However, the country is still suffering from an economic downturn with unemployment in Spain now running at 26.7%. The surplus of 634.9 million euros in March reflects a 15% plunge in ...
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Letta says perks will be stopped
Italy's coalition government has promised to abolish some salaries and perks which are handed out to government ministers. A controversial property tax will also be abolished, or frozen, by the new government of Enrico Letta, who has also promised to do away with the double salary received by some parliamentarians. Before the election, it had been mooted by Letta's coalition partners that ...
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Famous artists bring big money at auction
Paintings by Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat smashed all previous auction records at Christie's in New York during the week. In fact, several works by popular artists brought extraordinary prices. The items made $495 million for their owners at the valuable sale of postwar and contemporary art at Christie's. However, a single Andy Warhol Painting of Marilyn ...
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Lower charges expected for Thai 3G users
3G operators in Thailand have all agreed to cut their tariffs. The Thai National Broadcasting and Telecommunications Commission has been pressuring providers to lower all their 2G and 3G tariffs by 15%. The three 3G mobile operators, Advanced Info Service, Total Access Communication and True Move have said they will launch new 3G tariff packages to reflect the request by government. It ...
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Energy Department gives nod for more US LNG exports
WASHINGTON - The Energy Department Friday gave a conditional nod authorizing Freeport LNG Expansion, L.P. and FLNG Liquefaction, LLC (Freeport) to set up a second facility for export of domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States. The approval means that gas-hungry markets like Japan and India could start ...
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Minor setback reported on Nippon's test flight of Dreamliner
TOKYO - Japan's All Nippon Airways said Friday a modified Dreamliner had suffered a "minor" setback while conducting a test flight of an aircraft this month, but assured it was not due to overheating of lithium batteries. All Nippon Airways, the Japanese airline that is the largest operator of Boeing's beleaguered Dreamliner, said an electric distribution panel overheated and blackened during ...
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Three days after closure Bangladesh factories reopen
DHAKA - Bangladesh has re-opened hundreds of garment factories after just three days of closure following protests over pay and poor work conditions. The Bangladesh Garment Manufacturers and Exporters Association had called for the re-opening on Friday. The shutdown of factories this week was prompted by worker protests over low pay and poor working conditions sparked by the country's ...
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Developing nations set to dominate global investments says World Bank
WASHINGTON - The share of developing countries led by China and India in global investment is expected to triple by 2030 to three-fifths, from one-fifth in 2000, says the latest edition of the World Bank's Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades. Seventeen years from now, ...
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Morrisons signs deal to use Ocado logistics facility
LONDON - Morrisons Supermarkets, one of the major British retail chains, has entered into a 170 million pounds and 25-year agreement with Ocado Group plc ("Ocado"), to acquire its recently opened Dordon Customer Fulfilment Centre (CFC) in the Midlands, and lease it back with commitment to use its logistics and distribution facilities to start grocery deliveries to customers by January ...
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Microsoft warns about rise in computer viruses worldwide
A Microsoft security expert said that computer viruses are on a rise worldwide once again after years of being less popular amongst computer attackers. In a report by Fox news, the security expert Tim Rains said that although viruses were less chosen to attack systems by hackers nowadays as they used other forms of threats, but recently Microsoft security has observed that viruses are on a rise ...
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Microsoft wants you to get to know Windows 8
Speaking to the New York Times a couple of weeks ago, Tami Reller, Windows division CFO, admitted that the Windows 8 "learning curve is real" and said that Microsoft will be addressing the issue ...
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US Airways plane makes unusual belly landing at Newark airport
(Fotolia) NEWARK, N.J. - A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane’s landing gear failed to deploy, but no one was injured, airline and government officials said. Piedmont Airlines flight 4560, operating for US Airways from Philadelphia with 34 passengers and three crew members, landed safely at 1 ...
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Hey techies BarCamp Orlando is underway at Wall Street Plaza
BarCamp Orlando, an annual technology event, is back in downtown Orlando today. BarCamp is a series of 20-minute talks mostly focused on technologies like Ruby, PHP, Java and C with additional presentations on graphic design, music, photography and other new media for nondevelopers in the audience. The daylong event at Wall Street Plaza is free and open to the public and "to bring people ...
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Switzerland close to deal in U.S. tax dispute finance minister
ZURICH (Reuters) - Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on ...
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Bernanke in commencement address upbeat on innovation outlook
Reuters © Chairman of the Federal Reserve Bank Ben Bernanke attends the Treasury Department's Financial Stability Oversight Council in Washington April 25, 2013. REUTERS/Gary ...
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LATAM Airlines to resume Argentina flights later Saturday
SANTIAGO (Reuters) - LATAM Airlines Group SA LAN.SN said on Saturday it will resume flights to, from and within Argentina by 1530 GMT after state company Intercargo unilaterally decided on Friday to stop providing services to the ...
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Video How do you know youre buying the right home
When buying a home, the golden rule has always been "location, location, location," but there's more to it than that. And to talk about that author of "Just the Right Home: Buying, Renting, Moving or Just Dreaming -- Find the Perfect Match," Marianne Cusato joins in studio ...
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New Xbox more than a game console for Microsoft
Reuters © Visitors play with Microsoft's Xbox 360 consoles at the Tokyo Game Show in Chiba, east of Tokyo, September 15, 2011. REUTERS/Kim ...
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Stocks Firmly Positive On Upbeat Economic Data - U.S. Commentary
markets have benefited from some upbeat economic data after a disappointing batch of data helped drag stocks lower on Thursday.The major averages have moved roughly sideways in recent trading, hovering firmly in positive territory. The Dow is up 59.65 points or 0.4 percent at 15,292.87, the Nasdaq is up 16.18 points or 0.5 percent at 3,481.42 and the S&P 500 is up 7.87 points or 0.5 percent ...
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Bloomberg ‘independent’ adviser mayor’s pal
The latest move by Bloomberg LP to clean up its Spygate scandal doesn’t pass the smell test.The data and news giant said yesterday that it has appointed Sam Palmisano, the former IBM chief executive, as an independent adviser to head an internal review of its compliance measures - but the 61-year-old executive is a pal of Mike Bloomberg, the founder and owner of the company.Palmisano sits ...
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Of Course The PlayStation 4 Has More Buzz Than Microsofts New Xbox
ony PlayStation 4 Riding Wave Of Twice The Social Media Buzz Of New Microsoft Xbox ." In it, he speaks to social media tracking expert Jen Handley of Fizziology, who says that across sites from Twitter to Tumblr ...
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China Spreads Alternative To US GPS System
Pakistan is set to become the fifth Asian country to use China's domestic satellite navigation system, which was launched as a rival to the US satnav system. The Beidou or Compass system started providing services to civilians in the region in December and is expected to provide global coverage by 2020. Like the US global positioning system (GPS), the Beidou system can be shut down or ...
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Googles wearable Glass gadget cool or creepy
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google staged four discussions expounding on the finer points of its "Glass" wearable computer during this week's developer conference. Missing from the agenda, however, was a session on etiquette ...
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Earnings policy moves to define course of market Alchemy Capital
Nikunj Dalmia: Characterise the market environment for us. week ago or I would say 10 days ago everyone had written an obituary for Indian markets. Now looks like the carnival has ...
Knox Focus
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Development projects plod on despite downturn
Knoxville has been hit hard by the recession like every other major city across the country and the world, but innovative planning and adaptation by city leaders seem to be helping the local economy recovery, while laying the ground work for a strong economic future as well.
Knoxville, like any major city, suffers from its fair share of social ills, inner city violence, a concerning crime rate, dilapidated areas of the city that breed nefarious anti-social behavior like drug abuse and drug dealing and a lack of funds to properly stamp out these problems. Read more
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