Latest Breaking Business News
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Yahoo board approves $1.1B deal to buy Tumblr report
The Yahoo board has approved a massive $1.1 billion all-cash deal to buy Tumblr, sources said.Sources close to the board said the deal was a foregone conclusion and was an unanimous vote by the Silicon Valley Internet giant.The deal will be announced Monday morning, said numerous sources.AllThingsD.com initially broke the story of the acquisition efforts and later followed up with details of the ...
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Debenhams backs fair treatment of models
models , with the chief executive, Michael Sharp, calling on others to follow suit.The decision to offer fair treatment to the women and men it uses in its advertising comes a month after Vogue also signed the 10-point plan agreed with the models' union Equity.Sharp said: "Fair treatment of everyone who models for us has always been a priority. The code firmly cements our ambition. We ...
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Yahoo Agrees to Buy Tumblr Report
, according to a report in The Wall Street Journal. According to the report, the transaction will be made in all cash. Neither Yahoo nor Tumblr released official statements. A Yahoo spokeswoman, contacted by CNBC, would neither confirm nor deny the ...
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Stocks on a roll Yahoo Microsoft stoke appetite
) is holding an event in New York City on Monday evening, at which many are speculating the company could announce a deal with the social blogging platform Tumblr. Reports surfaced last week that Yahoo CEO Marissa Mayer is said to ...
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South Africa Mine Union Submits Demand for Higher Wages
South Africa's National Union of Mineworkers said Sunday that it had submitted a demand for upcoming gold and coal-sector wage talks, kick-starting what is likely to be a fraught process.The union said it's demanding a 15% wage increase for skilled mine workers and for entry level miners, who work underground and on the surface, to have wages raised to between 7,000 rand and 8,000 rand ...
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Tesco clothing brand to expand
The clothing brand sold by Britain's biggest retailer Tesco said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.F&F, which opened its first franchise store in Saudi Arabia last year, said it would open shops across the Middle East and in Kazakhstan, Georgia, Armenia and Azerbaijan.Up to six stores will be opened this year, with the ...
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BUSINESS Full Page Bankia compensation qualms signal loss of faith in Spains banks
MADRID - Many duped savers at Spanish lender Bankia are shunning a state-monitored compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system. The disputes over mis-selling at Bankia and other nationalized ...
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UK lawmakers consider probe into transparency of mining firms
LONDON (Reuters) - Britain's parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which lawmakers fear have dented the stock market's ...
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RPT-Wall St Week Ahead Correction talk gets old as rally sails along
Sun May 19, 2013 11:28am EDT By Angela Moon NEW YORK May 19 (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerated in May - the ...
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Goldman Sachs Chief Confident Euro will Survive - Report
The chief executive of Goldman Sachs (GS), Lloyd Blankfein, is confident the euro will survive despite the debt crisis, he said in an interview with newspaper Welt am Sonntag."Naturally we are looking at a very difficult situation, but the euro has always been a political project, and that remains intact," Mr. Blankfein said. "Of course I believe in the euro. The risk that euro ...
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Video Work spaces Past and present
Richard Schlesinger visits Herman Miller, the creator of iconic chairs and furniture, as well as the dreaded work cubicle. So what's in store for the workplace going ...
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Analysis Airline emissions deal may not come before EU deadline
(Reuters) - Hope is fading for a global deal to regulate the airline industry's greenhouse gas emissions ahead of a fall deadline, even though failure could push the industry back to the brink of a trade war over the European Union's emissions trading ...
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Analysis Frontier Markets booming but risks mounting
NEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track ...
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German minister calls EU move on China solar grave mistake
Reuters © Germany's Vice Chancellor and Free Democratic Party (FDP) Chairman Philipp Roesler attends the second day of an extraordinary FDP Party meeting in Nuremberg May 5, 2013. REUTERS/Kai ...
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Tesco clothing brand plans international expansion
said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.F&F, which opened its first franchise store in Saudi Arabia last year, said it would open shops across the Middle East and in Kazakhstan, Georgia, Armenia and Azerbaijan.Up to six stores will be opened this year, with the first in the Kazakh capital Astana next month.F&F gave no details ...
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EU ridiculed for banning olive oil jugs from restaurants
EU bureaucrats have been ridiculed for shifting their focus from fighting the eurozone's debt crisis to impose strict rules on how restaurants serve olive oil.From 1 January eateries will be banned from serving oil to diners in small glass jugs or dipping bowls and forced instead to use pre-sealed, non-refillable bottles that must be disposed of when empty.The European commission said the ...
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U.S. job market gains could lead Fed to taper QE3 early
By Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labour market do not prove fleeting. Much will ...
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Greece to sell Postbank Proton in July stress-test big banks
ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection ...
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MARKET SNAPSHOT Stock Rallys Breadth Is A Sign Of Strength Froth
The S&P 500 Index (SPX) rose 2.1% last week to close at a record of 1,667.47 Friday, its 16th record close this year. Similarly, the Dow Jones Industrial Average (DJI) rose 1.6% on the week to 15,354.40, its 21st record of the year. The major benchmarks, including the Nasdaq Composite (RIXF), have made a nearly unchecked 16%-17% gain for the year.It's not just the indexes that are ...
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Stocks to Watch Stocks to watch Campbell Soup Qihoo
SAN FRANCISCO (MarketWatch) -- Expectations are running high for Campbell Soup going into the food company's earnings report Monday ...
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Market Snapshot Stock rally’s breadth is a sign of strength froth
"The bulls don't have to try too hard because previous bearish forces are adding fuel to the fire, propelling the market higher," Wilkinson ...
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Sir Mervyn King dont demonise bankers
Mervyn King said on Sunday that the failings of the financial and regulatory system were the root cause of the turmoil which struck the world economy almost six years ago.King, who leaves the Bank this summer, told Sky News's Murnaghan programme that there was widespread risk-taking in the runup to ...
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Bank of Englands King sends message to successor Carney
Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, ...
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Microsoft to announce new Xbox
DURANGO, Infinity, 720, whatever the name, it seems clear Microsoft will launch the next generation Xbox console on May 21. It's been nearly eight years since the Xbox 360 was launched and while it's had its ups and downs, there can be no doubt it's one of the most successful game consoles of all time. Microsoft has remained tight lipped on the mere existence of a new console and, ...
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Shell Had Lobbied against Tighter Regulation - Report
Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) last year argued against proposed European rules designed to tighten scrutiny of commodity markets, according to documents obtained by the Sunday Telegraph.Last week, European regulators conducted probes of oil companies, including Shell, BP PLC (BP, BP.LN), and Statoil ASA (STO, STL.OS), as well as Platts, a price-reporting agency. EU ...
Denmark Discussion
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Denmark's Russian relationship
Danish relations with Russia have existed for several centuries, with the first recorded diplomatic relations dating from 1493, when King Hans and Ivan III signed a treaty aimed at planning an offensive against Sweden and Lithuania. Since then the relations between the two countries have grown closer, frayed, become tense, reconciled and stagnated at different points throughout the history of their respective political development.
Denmark and Russia have always been economically and politically important to one another though. Denmark, since the end of the Cold War, has acted as a bridge between the east and west, and during much of the tumultuous politics of the post-war and Cold War period, remained largely neutral in many affairs concerning Russia. In 1939 the country refused to support measures to expel Russia from the then-League of Nations, and resisted attempts by Nordic countries to set up a defense alliance for the region. Read more
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