Latest Breaking Business News
RSS-
China blamed for most intellectual theft
Intellectual property theft is supposedly costing the United States more than US$300 billion each year. A study in the US has shown this is equivalent to all US exports to Asia. The 11-month study by a Congressional Commission found that software and other product theft was on an unprecedented scale. Commission co-chair Jon Huntsman, the former US ambassador to China, told reporters the ...
-
Venezuela vows to solve toilet paper problem
The Venezuelan government has vowed to end a toilet paper shortage in the country. With the commodity in high demand, Venezuela's National Assembly has said it will agree to the importation of 39 million rolls of toilet paper. Toothpaste and soap are also on the Venezuelan shopping list following a chronic shortage brought on by currency controls, which have restricted the landing of ...
-
Forbes magazine praises powerful women
Forbes has listed the world's most powerful woman for 2013 as Angela Merkel. She has become Forbes' number one for the 8th time. This year the list featured 8 heads of state, including the German Chancellor. Other women listed were two new billionaires to the list, women's clothing designer Tory Burch and Spanx's Sara Blakely, who both own their own companies. They were two of 24 ...
More Breaking Business News
RSS-
June 28 to see News Corp split into two companies
WASHINGTON - Rupert Murdoch's News Corporation Friday announced the planned separation of the $76-billion conglomerate into two distinct publicly traded companies, with one to be renamed 21st Century Fox and the publishing firm to retain the News Corp brand. The split has been formally approved by the Board of Directors. The Company announced appointments to the Boards of Directors of both ...
-
Vatican Bank seen to be more controlled
The Vatican Bank has been the subject of a 10 page report from its newly formed financial watchdog agency. The report has revealed that there were some attempts last year to use the bank to launder money. In 2012 there were six suspicious transaction reports, two of which were passed on to Vatican prosecutors for investigation. Autorita Informazione Finanziaria, the watchdog, was ...
-
Audit records of Chinese firms to be made accessible to US regulators
BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...
-
Investments being sought by Croatia for oil exploration in Adriatic Sea
ZAGREB/LONDON - Croatia, soon to become the 28th member of the European Union,- is looking to undiscovered oil and gas fields in the Adriatic Sea to revive its ailing economy, according to the country's president. Ivo Josipovic told CNN that Croatia is searching for partners in the energy sector to help reveal oil and gas "green fields" in the waters that separate the Balkan nations and ...
-
Fan fiction authors to find platform on Amazon
WASHINGTON - Amazon, the largest online retailer of books, movies, music and games, Friday offered its Kindle e-book platform to fan fiction authors to sell some of their work. Fan fiction is literature inspired by popular books, shows, movies, comics, music, and games. Publication outside of blogs and online fanzines is often difficult because of copyright issues. Amazon Publishing has ...
-
Central bank of China to push forward market oriented reforms
BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...
-
IMF warns UK against continuing austerity programme
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
-
General Mills rides snack boom
Green Giant is synonymous with vegetables, from broccoli to beans. But General Mills is expanding its venerable brand to the burgeoning "veggie chip" ...
-
Plymouth company helps hospitals get cash for old equipment
Peter Robson has built a thriving business based on his simple prescription for hospitals and clinics: “Only buy what you ...
-
Big ideas small office
The small operation still works with big clients such as Best Buy, Lowe's, Burger King, Macy's and Apple as well as smaller ones such as Nice Ride in Minneapolis. The firm recently attracted the attention of Fast Company magazine and biz whiz authors Dan and Chip Heath in their book "Decisive: How to Make Better Choices in Life and Work." Both were interested in Hughes' ...
-
Levin A template can lead to better decisions
We make decisions all the time. Do I move? Change jobs? Have kids? Eat out? Get my prerequisites at a junior college and transfer to a university to finish my degree? Get out of the market? Buy long-term care ...
-
Home remodeler Whole Builders has thrived in Minneapolis by offering thrift flexibility
Left to right, Leilani Hotaling and Kaaren Howe, both owners of Minnetonka Animal Hospital, and Marcia Bethke, Mary Jane Heinen and Keith Savaire of Whole Builders in the lobby of Minnetonka Animal Hospital last week. Whole Builders carried out the renovation of the animal hospital in ...
-
U.S.-South Korea trade deal produces weak first-year results
More than a year after it took effect, a highly touted trade deal with South Korea has failed to produce as expected for the United States. Exports are down, imports are up and the trade deficit with the Asian economic powerhouse has ...
-
Retirement could be bummer for many boomers
The Great Recession saw unemployment rates double and a housing bust that proved far stronger and lasted much longer than anyone had expected. Through it all, retirement savings plans took a major ...
-
Neurotech industry is putting its mind to video games
In the past decade, video games have helped push cutting-edge technologies such as sensor-based computing - Nintendo’s Wii - and gesture-based computing - Microsoft’s Kinect - into the mainstream. Neurotech boosters hope video games can do the same for their budding ...
-
Gadgets Plyr1 gaming headset
Like other headsets in this line, the Plyr1 (pronounced "player one") is designed for casual gamers. At $180, it's more expensive than rivals, but it does offer a few ...
-
Direct antibody injection boosts cancer therapy
William B. Coley , proposed in the 1890s that a substance in bacteria stimulated the immune system to attack cancer as well as infection. While Coley achieved some success in treating patients, he was opposed by close-minded ...
-
Google Boss Urges Reasonable Debate On Tax
The executive chairman of Google has said there should be a "reasonable debate" about how Britain taxes multinational companies and "we'll do whatever you guys decide". Eric Schmidt was speaking at a question-and-answer session at the Hay Festival where he calmly rebuffed criticism of the amount of tax paid by the internet search giant in the UK. Last week Mr ...
-
Former head of United Properties loved adventure family
Stensby, 73, the former president and CEO of Bloomington-based United Properties, died May 5 after a fall while hiking in California's Yosemite National ...
-
Lee Schafer Target Corp.s strategy is to extend the Target experience
Flip through the analysts' comments that followed Target's first-quarter earnings release last week, and it looks like Target is having a tough time fending off competitors coming from all ...
-
Sanimax plans to build biogas plant in South St. Paul
Dan Ostrenga, director of organic solutions for Sanimax, said the company is seeking financing, grants and permits for the project, and that construction could begin by the end of this year or early in 2014 He said the facility would charge a fee to accept waste from food processors, restaurants and other sources, and sell the methane as a replacement for natural gas. The electricity would be ...
-
Fracking energy revolution begins to rock the world
FILE - In this March 29, 2013 file photo, workers tend to a well head during a hydraulic fracturing operation at an Encana Oil & Gas (USA) Inc. gas well outside Rifle, in western Colorado. The Obama administration is proposing a rule that would require companies that drill for oil and natural gas on federal lands to publicly disclose chemicals used in hydraulic fracturing operations. The new ...
South Carolina Feature
-
Nuclear waste in South Carolina causing financial headache for federal government
South Carolina is home to the Savannah River Site, a facility which was used by the US government for the production of tritium and plutonium for use in nuclear weapons. In 2008 the U.S. Department of energy and the Site signed a contract for nuclear waste to be cleared, it was expected to cost $3.2 billion, but will, now cost over $4.6 billion.
From the 1950’s tritium and plutonium was used to produce component for the Department of Defense’s production of nuclear weapons, primarily producing tritium and plutonium. The nature of producing these substances meant that considerable waste by-produce was created, 37 million gallons of liquid waste to be exact. Read more
News from around our Network
