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 Latest Business and Finance News
Deutsche Bank lawyer found dead in apparent NY suicide: WSJ [Reuters]
BERLIN (Reuters) - Calogero Gambino, a senior Deutsche Bank regulatory lawyer, has been found dead i ...Detail
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50th death anniversary of Khawaja Nazimuddin observed  [Business Recorder] 22 Oct, 2014
ISLAMABAD: The 50th death anniversary of second Governor-General of Pakistan Khawaja Nazimuddin was observed on Wednesday.He played an important role in Pakistan's independence movement.Nazimabad and North Nazimabad locali ...
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Bomb attack on polio team injuries three in Bajaur Agency  [Business Recorder] 22 Oct, 2014
PESHAWAR: Three persons including two levy personnel injured when a polio eradication team vehicle was targeted with a bomb attack in Bajur Agency on Wednesday.According to political administration of Bajaur Agency, two Levies off ...
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City administration fines 79 shopkeepers for profiteering  [Business Recorder] 22 Oct, 2014
KARACHI: The divisional and district administration Karachi has challaned 79 shopkeepers and fine of Rs.109,800/- were imposed for profiteering and violating officially approved price list.According to a statement issued here on W ...
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Karachi in need of Vital Installations' Security Force: Commissioner  [Business Recorder] 22 Oct, 2014
KARACHI: Karachi is in need of "Vital Installation Security Force, on the pattern of Airport Security Force for foolproof security of all vital installations in the ever expanding city, said Commissioner of Karachi, Shoaib Ah ...
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Pakistan calls for resumption of Mideast peace talks to end conflict  [Business Recorder] 22 Oct, 2014
UNITED NATIONS: Pakistan has stressed the urgency of reviving Middle East peace negotiations aimed at resolving the decades-old conflict in that region."Whether it is Palestine or Syria, dialogue and diplomacy need to be purs ...
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Malala bags yet another prestigious award for promoting girls' education  [Business Recorder] 22 Oct, 2014
NEW YORK: Close at the heels of her Nobel Peace Prize, Malala Yousafzai, the young Pakistani girls' education activist, was in Tuesday honoured with the Liberty Medal, a prestigious American award."I ask all countries ...
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Faulty airbags warning expanded to 6.1. million U.S. cars: NHTSA  [Reuters] 22 Oct, 2014
WASHINGTON (Reuters) - The U.S. highway safety regulator, NHTSA, expanded its warning on Tuesday about faulty airbags made by Japanese auto-part maker Takata to 6.1 million vehicles in the United States.
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Asian shares bask in glow of U.S. tech earnings  [Reuters] 22 Oct, 2014
TOKYO (Reuters) - Asian shares pulled ahead on Wednesday, taking their cue from Wall Street's strong performance as upbeat results from two technology bellwethers offset recent concerns about the outlook for the global econom ...
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Wind farms outstrip nuclear power  [BBC News] 21 Oct, 2014
The UK's wind farms generated more power than its nuclear power stations on Tuesday, the National Grid says.
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Cities need more power, says study  [BBC News] 21 Oct, 2014
Allowing UK cities to make their own decisions on tax and spending could boost economic growth by 79bn a year by 2030, a year-long study concludes.
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McDonald's CEO acknowledges image problems after tough results  [Reuters] 21 Oct, 2014
(Reuters) - McDonald's Corp Chief Executive Officer Don Thompson owned up to some corporate image problems on Tuesday after it posted a nearly one-third drop in quarterly profit and warned that its global restaurant sales wou ...
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Yahoo ekes out third quarter revenue gain despite display ad weakness  [Reuters] 21 Oct, 2014
SAN FRANCISCO (Reuters) - Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company's online display advertising business continued to struggle ...
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Michigan becomes fifth U.S. state to thwart direct Tesla car sales  [Reuters] 21 Oct, 2014
DETROIT (Reuters) - Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers.
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Broadcom third-quarter results beat views, stock jumps  [Reuters] 21 Oct, 2014
SAN FRANCISCO (Reuters) - Broadcom posted third-quarter results on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and smartphone chips, sending its shares 5 percent higher.
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After huge jet orders, budget airlines eye rich seam of aircraft leasing  [Reuters] 21 Oct, 2014
SINGAPORE/PARIS (Reuters) - From Scandinavia to Southeast Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Now they plan to lease out scores of their new planes, re-orderi ...
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Yahoo profits surge on Alibaba sale  [BBC News] 21 Oct, 2014
Technology giant Yahoo reports profits of $6.8bn for the third-quarter, buoyed mostly by earnings from the firm's stake in Chinese firm Alibaba.
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More lawsuits filed against Honda, Takata over air bags  [Reuters] 21 Oct, 2014
DETROIT (Reuters) - The recall crisis is growing involving Takata-made air bags exploding with too much force and spraying vehicle occupants with metal shrapnel, with two more lawsuits filed over accidents in older Honda cars.
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Yahoo's revenue rises 1 percent  [Reuters] 21 Oct, 2014
SAN FRANCISCO (Reuters) - Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company's online display advertising business continued to struggle ...
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Broadcom's third-quarter revenue exceeds expectations  [Reuters] 21 Oct, 2014
SAN FRANCISCO (Reuters) - Broadcom posted higher third-quarter revenue on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and broadband chips.
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Wall St. jumps after earnings, ECB report  [Reuters] 21 Oct, 2014
NEW YORK (Reuters) - U.S. stocks jumped on Tuesday following upbeat earnings and a report that the European Central Bank was looking at buying corporate bonds.
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New Total boss must overhaul exploration strategy, pursue cost cuts  [Reuters] 21 Oct, 2014
PARIS (Reuters) - The sudden death of Total's top executive may make it even trickier for the French oil major to overhaul its expensive exploration strategy while simultaneously cutting costs to please shareholders as oil pr ...
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Wall St. extends bounce-back; S&P above key levels  [Reuters] 21 Oct, 2014
NEW YORK (Reuters) - U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains boosted by strong corporate results, including Apple's.
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U.S. existing home sales at one-year high, prices up  [Reuters] 21 Oct, 2014
WASHINGTON (Reuters) - U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track.
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U.S. Fed awards record amount of term deposits  [Reuters] 21 Oct, 2014
NEW YORK (Reuters) - The Federal Reserve awarded a record amount of seven-day term deposits to banks at a test auction held on Monday, it said in a statement on Tuesday.
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Wall St. extends bounce-back; S&P above key averages  [Reuters] 21 Oct, 2014
NEW YORK (Reuters) - U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains boosted by strong corporate results, including Apple's.
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Coca-Cola announces growth plan as profit falls 14 percent  [Reuters] 21 Oct, 2014
(Reuters) - Coca-Cola Co on Tuesday announced new cost-cutting measures and a timeline for selling its bottling operations after its quarterly profit slumped 14 percent and the world's largest beverage maker struggles to find ...
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Totals 'Big Mustache'- bon vivant, deal-maker and risk-taker  [Reuters] 21 Oct, 2014
PARIS (Reuters) - Christophe de Margerie, the head of French oil and gas giant Total who died when his jet crashed in Moscow, was a gregarious bon vivant with a passion for risk-taking and deal-making.
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EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels  [Reuters] 21 Oct, 2014
BRUSSELS (Reuters) - JPMorgan , UBS and Credit Suisse were fined a total of 94 million euros ($120 million) by the European Commission for taking part in cartels in the financial sector.
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Two more lawsuits filed against Honda, Takata for air bag defect  [Reuters] 21 Oct, 2014
DETROIT (Reuters) - The recall crisis involving Takata-made air bags exploding with too much force and spraying occupants with metal shrapnel continues to grow, with two more lawsuits filed concerning accidents in older Honda cars ...
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Wall St. rallies 1 percent; S&P up for fourth straight day  [Reuters] 21 Oct, 2014
NEW YORK (Reuters) - U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains as Apple and Texas Instruments jumped following their results.
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