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  Home > Finance > Business News
 Latest Business and Finance News
Worried EU leaders call jobs, growth summit for October 7: draft [Reuters]
BRUSSELS (Reuters) - European Union leaders are set to hold an emergency summit on promoting growth ...Detail
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Exxon Mobil unit to pay $1.4 million penalty for Louisiana oil spill  [Reuters] 26 Aug, 2014
WASHINGTON (Reuters) - An Exxon Mobil Corp unit has agreed to pay $1.4 million to resolve U.S. government claims over a 2012 crude oil spill in Louisiana, the U.S. Justice Department said on Tuesday.
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BNY Mellon sucked into center of Argentine debt storm  [Reuters] 26 Aug, 2014
BUENOS AIRES/NEW YORK (Reuters) - Bank of New York Mellon found itself front and center of Argentina's debt battle on Tuesday after the South American country stripped its authorization to operate there and bondholders seekin ...
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Apple planning 12.9-inch iPad for 2015: Bloomberg  [Reuters] 26 Aug, 2014
SAN FRANCISCO (Reuters) - Apple Inc is preparing to roll out a larger, 12.9-inch version of its iPad for 2015, with production set to begin in the first quarter of next year, Bloomberg cited people with knowledge of the matter as ...
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Schwab loses $15 million arbitration case against Morgan Stanley  [Reuters] 26 Aug, 2014
(Reuters) - Charles Schwab Corp. has lost a $15 million arbitration case against Morgan Stanley, which it accused of improperly recruiting brokers from a Schwab San Francisco branch who left with confidential trade secrets.
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RadioShack shareholder negotiating rescue package: Bloomberg  [Reuters] 26 Aug, 2014
(Reuters) - RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people wi ...
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RBS to get 15m mortgage advice fine  [BBC News] 26 Aug, 2014
Royal Bank of Scotland is to receive a 15 fine from the Financial Conduct Authority on Wednesday - the latest in a series of fines for the troubled bank.
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Wall St. rises but Dow, S&P 500 retreat from record highs  [Reuters] 26 Aug, 2014
NEW YORK (Reuters) - U.S. stocks advanced modestly on Tuesday as both the Dow and S&P 500 backed off after hitting fresh intraday records on the heels of strong consumer data, which suggested that the market's long-runnin ...
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Fund managers look to make room for Alibaba  [Reuters] 26 Aug, 2014
SAN FRANCISCO/NEW YORK (Reuters) - Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc's market debut next month - and that means some less attractive stocks that funds a ...
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Best Buy says sales to fall as more shoppers buy online  [Reuters] 26 Aug, 2014
(Reuters) - Best Buy Co Inc, the largest U.S. consumer electronics retailer, said same-store sales were expected to fall and higher discounting would erode margins in the second half of the year.
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Detroit, hold-out creditors must go to bankruptcy mediation: judge  [Reuters] 26 Aug, 2014
(Reuters) - Detroit and its major hold-out creditors were ordered on Tuesday into mediation, just a week before a key federal court hearing is to start in the city's historic bankruptcy case.
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Hewlett-Packard recalls 6 million power cords over fire hazard  [Reuters] 26 Aug, 2014
WASHINGTON (Reuters) - Hewlett-Packard Co is recalling about 6 million computer power cords after 29 reports of the cords melting or charring, the U.S. Consumer Product Safety Commission said on Tuesday.
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Argentina strips BNY Mellon's authorization to operate  [Reuters] 26 Aug, 2014
BUENOS AIRES (Reuters) - Argentina said on Tuesday it has stripped Bank of New York Mellon's authorization to operate in the country, its latest move against the bank, which blocked an Argentine government debt payment on the ...
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Ann Taylor parent taps JPMorgan to weigh potential sale: sources  [Reuters] 26 Aug, 2014
NEW YORK (Reuters) - Ann Inc has hired JPMorgan Chase & Co to explore strategic alternatives, including a potential sale of the women's retailer, according to people familiar with the matter.
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Consumer Reports says Ram top pickup; Highlander top mid-size SUV  [Reuters] 26 Aug, 2014
DETROIT (Reuters) - The Chrysler Group's Ram 1500 EcoDiesel was named the top full-size pickup truck in the U.S. market and Toyota's Highlander the top mid-size SUV by Consumer Reports, the magazine said on Tuesday.
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Best Buy revenue drops as more shoppers prefer to buy online  [Reuters] 26 Aug, 2014
(Reuters) - Best Buy Co Inc , the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected revenue for the third straight quarter, as fewer people bought PCs and electronics, and those who did increasi ...
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Burger King to buy Canada's Tim Hortons for $11.5 billion  [Reuters] 26 Aug, 2014
TORONTO, Aug 26 (Reuters) - Burger King Worldwide Inc announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc for C$12.64 billion ($11.53 billion) in a cash-and-stock deal that would create the world's third ...
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Argentina revokes Bank of New York Mellon's authorization to operate  [Reuters] 26 Aug, 2014
BUENOS AIRES (Reuters) - Argentina said on Tuesday it had stripped Bank of New York Mellon's authorization to operate in the South American country, its latest move against the financial institution which obeyed a U.S. court ...
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Aircraft demand spurs record gain in U.S. durable goods orders  [Reuters] 26 Aug, 2014
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July on strong international demand for aircraft, but the underlying trend remained consistent with a steady pace of eco ...
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Wall Street opens flat, S&P 500 near record  [Reuters] 26 Aug, 2014
NEW YORK (Reuters) - U.S. stocks opened little changed on Tuesday, with investors finding few reasons to buy after a rally in the previous session that took the S&P 500 index above 2,000 for the first time.
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China to impart training to Punjab doctors, paramedics: CM  [Business Recorder] 26 Aug, 2014
LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said that China is a sincere friend of Pakistan which realizes the problems of Pakistani people and is ready to impart training to doctors and paramedics of Punjab. He was ...
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PTI divided over resignation issue, many MNAs refused to resign: Amir Muqam  [Business Recorder] 26 Aug, 2014
SWAT: Advisor to Prime Minister and central Vice President PML-N Engr. Amir Muqam has said that PTI stands divided over the issue of resignation as many of its legislators have refused to tender resignation from the national assem ...
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Futures point to flat Wall St. open; S&P 500 near record  [Reuters] 26 Aug, 2014
NEW YORK (Reuters) - U.S. stock index futures pointed to very slight gains at the open on Tuesday, with investors finding few reasons to buy after a rally in the previous session that took the S&P 500 index above 2,000 for the ...
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Burger King to buy Canada's Tim Hortons  [Reuters] 26 Aug, 2014
(Reuters) - Burger King Worldwide Inc BKW.N plans to buy Canadian coffee and doughnut chain Tim Hortons Inc THI.N THI.TO, the companies said on Tuesday, in a cash and stock deal to create the world's third-largest fast food r ...
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Aircraft demand spurs record U.S. durable goods orders gain  [Reuters] 26 Aug, 2014
WASHINGTON, Aug 26 (Reuters) - Orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July on strong international demand for aircraft, but the underlying trend remained consistent with a steady pac ...
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Euro, bond yields dip as looser ECB policy eyed  [Reuters] 26 Aug, 2014
LONDON (Reuters) - The euro hit its lowest level against the dollar in nearly a year and euro zone government bond yields fell to record lows on Tuesday on expectations the European Central Bank might ease monetary policy as soon ...
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Euro under pressure after weak German data  [Geo TV] 26 Aug, 2014
TOKYO: The euro was stuck around $1.32 in Asia Tuesday after falling to an 11-month low against the dollar on a we
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Burger King and Tim Hortons to merge  [BBC News] 26 Aug, 2014
Burger King confirms that it plans to merge with Tim Hortons, the Canadian coffee and doughnut chain.
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Best Buy revenue misses estimates as customers shift online  [Reuters] 26 Aug, 2014
(Reuters) - Best Buy Co Inc , the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected quarterly revenue for the third straight quarter, citing a drop in traffic in its stores as more people shop o ...
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Burger King signs deal to buy Canada's Tim Hortons  [Reuters] 26 Aug, 2014
(Reuters) - Burger King Worldwide Inc agreed to buy Canadian coffee and doughnut chain Tim Hortons Inc in cash and stock to create the third-largest quick service restaurant group with sales of about $23 billion.
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Best Buy quarterly revenue falls 4 percent  [Reuters] 26 Aug, 2014
(Reuters) - Best Buy Co Inc , the largest U.S. specialty retailer of consumer electronics, reported a 4 percent drop in quarterly revenue due to lower traffic in its stores.
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