Latest Breaking Business News
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Police shoot kill man holding child hostage inside Wal-Mart store www.privateofficer.com
-- A man was shot and killed by a Midwest City police officer Monday afternoon after holding a toddler hostage for more than half an hour inside a grocery store, authorities said. No names were released Monday. About 3:10 p.m., a man walked into the dairy section of the Walmart Market, 7520 E Reno Ave., grabbed a 2-year-old girl and held her at knife point, Midwest City Assistant Police Chief ...
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Canadian economy may see turn of fortunes in second half of 2013
OTTAWA -- If there is going to be a significant and extended recovery in the global economy, it will need to continue forming in the second half of this year and solidify in ...
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Bankroller to roll film
Legendary Entertainment, the company that financed "Man of Steel" and the "Dark Knight" movies, is talking to "everybody" in Hollywood about a new production alliance, including incumbent Warner Bros. The company, led by founder and Chief Executive Officer Thomas Tull, expects to reach a decision in 60 days, the CEO said yesterday in a meeting with reporters. The ...
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Fresh Prince of W. 15th St.
BETWEEN THE BRICKS The last remaining unfettered development site in the Meatpacking District is going to morph from wood to wow. We’ve learned the Prince Lumber Co. at 61 Ninth Ave., on the southwest corner of West 15th St., will soon relocate to Clinton so its current valuable site can host a brand new 12-story glass office tower.Designed by Kohn Pederson Fox, the swirling glass ...
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Let’s make a DELL
Icahn doesn’t know how to quit. The billionaire activist yesterday suddenly switched tactics in his high-stakes bid to upend an effort by Michael Dell and partner Silver Lake Management to take PC maker Dell Inc. private for $24.4 billion.The 77-year-old investor demanded that Dell Inc. launch a $14-a-share tender offer for about 60 percent of the PC maker’s outstanding shares. The ...
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Eyes to focus on European economic data Eurogroup meeting and G8 summit
This week, the main focus will be on economic data as investors try to get clues regarding central bank stimulus which rattled markets over the previous few weeks. Meanwhile, we are at an important phase as central banks will decide on their non-standard measures according to the improvement they see at their economies. ...
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Wall Street opens higher boosted by New York manufacturing data
U.S. stocks opened broadly higher Monday, as investors awaited Wednesdays Fed policy meeting, with increasing confidence that the Fed wont start tapering in super-easy ...
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Wall Street close in green ahead of the Feds meeting tomorrow
U.S. stocks closed higher Tuesday after U.S. housing starts and consumer inflation rose below estimates last month as investors await the end of the Federal Open Market Committee meeting ...
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European stocks gain Fed policy outcome in spotlight
European stocks opened higher on Monday, rebounding from last weeks losses as investors were waiting for clues on whether the Federal Reserve might exit its quantitative easing program this ...
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European stocks set another weekly loss despite ending higher for the day
European stocks finished modestly higher Friday, yet posting the fourth straight week in losses, looking ahead for U.S. Federal Reserve policy meeting next week. The Stoxx Europe 600 index closed 1.5% lower on the week, with investors worrying a reduction in central liquidity will give financial markets a heavy blow. Investors also looked to the U.S. to gauge if fresh data could strengthen or ...
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Asian stocks extend losses as BoJ woes continue to weigh
Asian stocks slid further on Wednesday as Bank of Japan’s (BoJ) latest monetary policy decision revived fears that other central banks, including the U.S. Federal Reserve, could scale back stimulus ...
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Asian stocks mixed ahead of Fed meeting
Asian stocks were mixed on Tuesday as caution is rising ahead of the U.S. Federal Reserve two-day convening Tuesday, which might give clues on when the central bank could start tapering monetary stimulus amid recovery ...
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Asian stocks jump as Nikkei recovers some losses following strong U.S. data
Asian stocks jumped Friday as strong U.S. data lifted confidence about the ability of the U.S. economy to withstand any cut in stimulus. The upbeat retail sales and jobless claims triggered a rally on Wall Street and soothed the panicking Asian markets ahead of next weeks Federal Reserve policy ...
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Bankers Should Face Jail Terms Report Says
A new criminal offence punishing bankers for "reckless misconduct" while running their institutions is the centrepiece of proposals unveiled by a group of MPs and peers aimed at reforming the industry. The Parliamentary Commission on Banking Standards (PCBS), which was set up after last summer's Libor-manipulation scandal led to Barclays being fined £290m, said in its ...
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Empire State Building gets left-field $2 billion offer to sell
NEW YORK (Reuters) - A New York City real estate company offered to buy the Empire State Building for $2 billion, a written offer showed, significantly below the skyscraper's appraisal price and about three weeks after investors in the iconic building approved a plan to take the tower public in a real-estate investment ...
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GM aims for 10 percent of Chinas luxury car market by 2020
GM.N ) said on Wednesday it aims to quadruple its share of China's luxury auto market to 10 percent by 2020 as the U.S. automaker launches new Cadillac models and expands its distribution network in the world's largest car ...
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Asia business sentiment rises in second quarter global growth risk still dominates
SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey ...
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Wells Fargo securities lending case goes to trial
A group of 11 jurors will decide whether Wells Fargo & Co. grossly mismanaged a former securities lending program and lied about its safety, or whether the financial calamity that followed the boom was to blame for millions of dollars in ...
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Amazon drops blogger affiliates in Minnesota to avoid sales tax
The move, which parallels those by other Internet retailers, is a response to an upcoming change in the state’s tax law that applies to ...
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City Deli to get new owner new name
The planned change in ownership was disclosed on Tuesday to the deli's two dozen employees, who were told that the new owners plan to keep them on through the ...
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Dish Focuses on Clearwire
SoftBank Corp , which is also trying to buy Sprint. Satellite TV provider Dish said in a statement that it was not practical for it to submit a revised offer by the June 18 deadline imposed by Sprint even though it "continues to see strategic value in a merger with Sprint." ...
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What if Wall Street doesnt like what Fed says
One analyst's take: 'We are so screwed' when bond buying eases NEW YORK -- Ever since it began injecting cash into the financial system in 2008, the Federal Reserve has been compared to a drug dealer by critics. The Fed's bond-buying and zero-interest-rate policy, they say, is akin to a performance-enhancing, steroid-like drug with the addictive quality of crack cocaine. ...
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REFILE-WRAPUP 1-Asian stocks to lead the way to years end Fed seen pulling back - poll
Member Benefits Manage your personalised Watchlist. Set up an online Virtual Portfolio. Participate in Share Chat. See more trades and director dealings. Play the Fantasy Share Trading ...
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Mexican oil producer Pemex evacuates headquarters after bomb threat
MEXICO CITY, June 18 | Tue Jun 18, 2013 10:12pm EDT MEXICO CITY, June 18 (Reuters) - Mexico's state oil producer, Pemex, on Tuesday evacuated its Mexico City headquarters, the site of a deadly explosion in January that killed at least 37 people, after a bomb threat, a company spokesperson said. "In the face of the threat, we're applying security measures at the Pemex tower ...
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Kodak prepares $406 million offering as it eyes bankruptcy exit
on Tuesday said it will seek court approval for a $406 million (259.7 million pounds) rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection.Kodak said creditors agreed to backstop an offering that would let the Rochester, New York-based company issue 34 million common shares at $11.94 each, equal to about 85 percent of ...
Kyrgyzstan Featured
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Kyrgyzstan must stick to long-term development plans
While news of the political unrest and government change in early 2010 dominates the world headlines, Kyrgyzstan faces an uncertain future as long-term plans for infrastructure development are thrown into disarray and uncertainty.
Kyrgyzstan is one of the poorest countries in Central Asia and stands to benefit greatly from long-term development plans initiated under the auspices of the Central Asian Regional Economic Cooperation (CAREC) Program, if the interim government can move on from the current political crisis and stabilize the country’s economy and political future. Read more
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