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 Latest Business and Finance News
Tokyo Court orders bankruptcy trustee to begin Mt. Gox liquidation [Reuters]
TOKYO (Reuters) - Tokyo District Court ordered liquidation to begin at failed bitcoin exchange Mt. G ...Detail
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Facebook earnings surge on mobile ads  [BBC News] 24 Apr, 2014
Facebook founder Mark Zuckerberg Social networking giant Facebook reports better than expected profits, as a surge in mobile advertising helps boost its revenues.
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Apple shares reach 2014 highs, Asian stocks lag  [Reuters] 24 Apr, 2014
SYDNEY (Reuters) - Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer on the news. ...
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Gold prices edge up for the first time in a week  [Geo TV] 24 Apr, 2014
NEW YORK: Gold prices settled higher for the first time in a week as tensions between Russia and Ukraine give the
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Governments clash over pension costs  [BBC News] 24 Apr, 2014
The Scottish government disputes UK government claims about future pension costs in an independent Scotland.
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Exclusive: Marubeni says Chinese authorities detain three staff at grain unit  [Reuters] 24 Apr, 2014
TOKYO/BEIJING (Reuters) - Three employees at one of Marubeni Corp's grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move sources told Reuters was prompted by alle ...
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Apple expands buybacks by $30 billion, OKs 7-for-1 stock split  [Reuters] 24 Apr, 2014
SAN FRANCISCO (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening ...
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Buffett: moving oil by rail safely major industry concern  [Reuters] 24 Apr, 2014
NEW YORK (Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway , said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport o ...
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Apple shares jump 8 percent, Asian stocks lag  [Reuters] 24 Apr, 2014
SYDNEY (Reuters) - Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a muted cheer on the news.
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Qualcomm faces China bribery allegations from U.S. regulator  [Reuters] 24 Apr, 2014
SAN FRANCISCO (Reuters) - Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned companies in China.
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Tech sector brightens as Apple jumps 8 percent  [Reuters] 23 Apr, 2014
SYDNEY (Reuters) - Asian markets could get a lift on Thursday after tech heavyweights Apple and Facebook beat Wall Street expectations, sending their stock up sharply and boosting Nasdaq futures.
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Apple profits beat expectations  [BBC News] 23 Apr, 2014
image of Richard Taylor Technology giant Apple plans a share buyback after it reports profits of $10.2bn, selling a more than 43 million iPhones in the second quarter of 2014.
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Exclusive: White House considers former banking lawyer for Fed board - sources  [Reuters] 23 Apr, 2014
NEW YORK/WASHINGTON (Reuters) - A former lawyer with the American Bankers Association is being considered by the White House as a possible nominee to the board of the Federal Reserve, according to sources familiar with the efforts ...
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Qualcomm's quarterly revenue growth dwindles, shares fall  [Reuters] 23 Apr, 2014
SAN FRANCISCO (Reuters) - Qualcomm Inc on Wednesday posted its smallest quarterly revenue increase since 2010 as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.
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Ex-Nvidia manager settles U.S. SEC charges on illegal tips  [Reuters] 23 Apr, 2014
NEW YORK/WASHINGTON (Reuters) - A former accounting manager for Nvidia Corp has settled with the U.S. Securities and Exchange Commission over allegations he leaked non-public information about the chipmaker that allowed a group of ...
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Wall Street snaps six-day run; Apple to split stock  [Reuters] 23 Apr, 2014
NEW YORK (Reuters) - U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.
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Bipartisan group slams U.S. SEC for resisting email privacy reform  [Reuters] 23 Apr, 2014
WASHINGTON (Reuters) - A coalition of liberals and conservatives is lashing out at the U.S. Securities and Exchange Commission for pushing back against legislation that would force government agencies to get warrants before they a ...
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U.S. regulators to propose new net neutrality rules in May  [Reuters] 23 Apr, 2014
WASHINGTON (Reuters) - U.S. regulators are expected to vote on May 15 on a new set of so-called "net neutrality" rules aimed at making certain that broadband providers do not slow down or block consumers' access to legal Inte ...
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Wall Street slips to snap six-day rally; biotechs weak  [Reuters] 23 Apr, 2014
NEW YORK (Reuters) - U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.
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Buffett says abstained from voting on Coca-Cola's compensation plan: CNBC  [Reuters] 23 Apr, 2014
(Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway , said on Wednesday he thinks Coca-Cola's controversial equity compensation plan was excessive, but that Berkshire Hathaway abstained in the shareholders ...
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Qualcomm's second-quarter revenue misses estimates  [Reuters] 23 Apr, 2014
SAN FRANCISCO (Reuters) - Qualcomm Inc posted fiscal second-quarter revenue on Wednesday that missed expectations as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.
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Facebook first-quarter revenue grows 72 percent on rising mobile ads  [Reuters] 23 Apr, 2014
SAN FRANCISCO (Reuters) - Facebook Inc's mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target.
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Apple expands buybacks by $30 billion, OKs seven-for-one stock split  [Reuters] 23 Apr, 2014
SAN FRANCISCO (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening ...
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U..S consumer bureau to test electronic mortgage closings  [Reuters] 23 Apr, 2014
WASHINGTON (Reuters) - Borrowers seeking to buy a new home say they often do not have time to read final mortgage documents and sometimes find mistakes in their paperwork, the U.S. consumer watchdog said in a report on Wednesday. ...
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U.S. new home sales hint at prolonged housing weakness  [Reuters] 23 Apr, 2014
WASHINGTON (Reuters) - Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.
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Buffett says abstained from voting on Coca-Cola's compensation plan  [Reuters] 23 Apr, 2014
(Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway , on Wednesday said he thinks Coca-Cola's controversial equity compensation plan was excessive, but that Berkshire Hathaway abstained in the shareholders ...
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Zynga's Pincus withdraws further from operations  [Reuters] 23 Apr, 2014
SAN FRANCISCO (Reuters) - Zynga Inc co-founder Mark Pincus will relinquish the last of his operational duties at the social gaming company starting Wednesday, taking on an advisory role as chief executive Don Mattrick pushes throu ...
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Qualcomm posts higher second-quarter revenue but misses Street  [Reuters] 23 Apr, 2014
SAN FRANCISCO (Reuters) - Qualcomm Inc , the leading mobile chipmaker, posted higher fiscal second-quarter revenue but missed analysts' expectations as it faces a smartphone market that is losing steam and shifting to China. ...
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Facebook first-quarter revenue grows 72 percent  [Reuters] 23 Apr, 2014
SAN FRANCISCO (Reuters) - Facebook Inc's mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target.
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Wall Street slips; six-session winning streak ends  [Reuters] 23 Apr, 2014
NEW YORK (Reuters) - U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.
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Pakistan raises $1.1 billion with 3G, 4G licence auction  [Geo TV] 23 Apr, 2014
ISLAMABAD: Pakistan on Wednesday raised more than $1.1 billion in its long-delayed auction of next-generation tele
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