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 Latest Business and Finance News
Gold prices edge up for the first time in a week [Geo TV]
NEW YORK: Gold prices settled higher for the first time in a week as tensions between Russia and Ukr ...Detail
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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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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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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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Buffett says he abstained from Coca-Cola shareholder vote on executive compensation  [Reuters] 23 Apr, 2014
(Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway , told CNBC on Wednesday he thinks Coca-Cola's controversial equity compensation plan was excessive, but Berkshire Hathaway abstained in the shareholders ...
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Amazon grabs rights to stream older HBO shows  [Reuters] 23 Apr, 2014
(Reuters) - Amazon.com's streaming video service will offer some older shows from premium-cable channel HBO starting next month, a deal that intensifies both companies' competition with subscription-video service Netflix ...
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Strong U.S. defense firm profits defy regular gloomy warnings  [Reuters] 23 Apr, 2014
WASHINGTON (Reuters) - U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-c ...
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Boeing cash register rings again, sending shares higher  [Reuters] 23 Apr, 2014
(Reuters) - Rising jet production helped Boeing Co generate substantial cash in the latest quarter, and the company said on Wednesday that it lavished the rewards on shareholders, sending its stock higher.
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Valeant CEO 'disappointed' in Allergan poison pill: CNBC  [Reuters] 23 Apr, 2014
(Reuters) - The chief executive officer of Valeant Pharmaceuticals, which made a $47 billion unsolicited offer for competitor Allergan Inc on Tuesday, said during an interview on CNBC that he was "disappointed" with Allergan' ...
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Wall Street slips after six-day S&P run; biotechs drop  [Reuters] 23 Apr, 2014
NEW YORK (Reuters) - U.S. stocks declined on Wednesday after 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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Amazon's eroding tax advantage, bid to sustain growth in focus in first quarter  [Reuters] 23 Apr, 2014
SAN FRANCISCO (Reuters) - Amazon.com Inc's quarterly results on Thursday may heighten worries that its edge over online and even traditional brick-and-mortar rivals is narrowing as it charges sales tax in more states, curtail ...
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Special Report: For private deals, no one is watching the watchdogs  [Reuters] 23 Apr, 2014
OMAHA, Nebraska (Reuters) - From 2006 to 2009, Provident Asset Management raised $485 million from 7,700 investors who were drawn to its promises of annual returns as high as 18 percent on oil and gas assets. Law firm Mick & A ...
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Telekom Austria proves slippery target for Slim  [Reuters] 23 Apr, 2014
VIENNA (Reuters) - Tycoon Carlos Slim stumbled in his bid for control of Telekom Austria on Wednesday, as a meeting designed to rubber-stamp a co-ownership deal with the Austrian government was boycotted by labor representatives u ...
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IBM unveils new server model to tackle big data, analytics  [Reuters] 23 Apr, 2014
NEW YORK (Reuters) - International Business Machines Corp, in its latest attempt at reviving demand for its hardware products, is launching high-end system servers that it says are 50 times faster than its closest competitor at an ...
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Cost-cutting, share buybacks buoy U.S. defense profits  [Reuters] 23 Apr, 2014
WASHINGTON (Reuters) - The biggest U.S. weapons makers posted higher profits this week and raised their forecasts for 2014 earnings, sending shares higher despite cuts in military spending that have weakened revenues.
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HBO strikes deal with Amazon to stream shows  [Reuters] 23 Apr, 2014
(Reuters) - Some HBO shows and the Internet streaming service HBO Go will be available next month to Amazon Prime customers, the companies said on Wednesday in a move that could lure customers away from Netflix Inc.
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SodaStream shares spike on report of Starbucks talks  [Reuters] 23 Apr, 2014
(Reuters) - Shares in SodaStream International Ltd rose as much as 17 percent on Wednesday after the Israeli business newspaper Globes said Starbucks Corp was in advanced talks to buy 10 percent of the home soft drink maker, citin ...
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Wall St. edges down after six-day S&P rally; AT&T falls  [Reuters] 23 Apr, 2014
NEW YORK (Reuters) - U.S. stocks edged lower on Wednesday as weakness in AT&T and biotech names inspired investors to take profits following six straight days of gains, though a rally in Boeing limited losses.
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Ahead of earnings, Caterpillar dealer data paints mixed picture  [Reuters] 23 Apr, 2014
(Reuters) - Caterpillar Inc released unaudited dealer sales data on Wednesday that showed a deepening deterioration in global demand for its mining equipment but a continued, albeit modest, rebound in sales of construction equipme ...
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Toyota stays at the top in first quarter after outselling GM, Volkswagen  [Reuters] 23 Apr, 2014
TOKYO (Reuters) - Toyota Motor Corp kept its position as the world's best-selling car maker in the first quarter of 2014, beating rivals Volkswagen AG and General Motors Co after it sold record 2.58 million vehicles globally. ...
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