Latest Breaking Business News
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Dreamliner gets Chinese go-ahead
China has told Boeing it can once again offer its 787 jets for commercial use. The Chinese government has granted the craft an airworthiness certificate. Some of the country's major airlines are currently updating their older planes to meet growing passenger demand. Chinese airlines, including Hainan Airlines and its rival China Southern Airline, have already ordered ten 787s each. ...
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Virgin Atlantic to shuttle-share with Delta
Delta Airlines will enter into an agreement with Virgin Atlantic for a shuttle service between New York's JFK T4 and London Heathrow Terminal 3. While approvals still need to be received from the EU, Britain and the US, the airlines have every intention of starting the service as soon as possible. The joint Delta / Virgin shuttle will mean the companies can coordinate schedules, network ...
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Bad liquor found in New Jersey
Twenty-nine New Jersey bars and restaurants have been accused of selling unadulterated liquor. According to Gawker, bars have been selling mixtures that include cheap booze, while labelling them as premium products. At one bar, a bottle, being sold as scotch whisky, was found to contain rubbing alcohol and caramel colouring. In another, premium liquor bottles were refilled with tap ...
More Breaking Business News
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CEO returns to Procter Gamble
The former CEO for Procter Gamble is making a return to the company. A.G. Lafley has been recalled in a surprise move to replace current CEO Bob McDonald, effective immediately. McDonald, who will retire June 30th, has served as CEO since 2009. Lafley, 65, will also take on the titles of President and Chairman. He will be required to improve the results of the world's largest ...
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Dubai ready to restructure debt
Dubai is currently facing the maturity of some near-term debt which was taken out during pre-crisis years. The total debt amounts to 100 percent of its gross domestic product. The International Monetary Fund has told AFP it believes Dubai can manage the obligation but will have to be careful to pro-actively manage the process. Dubai restructured billions of dollars of debt in 2009 when ...
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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 ...
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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 ...
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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 ...
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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 ...
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Brussels Probes Apple’s iPhone Tactics
Brussels is investigating whether Apple is muscling out rival smartphone makers from the European market with anti-competitive iPhone sales tactics and technical restrictions on the handset, according to documents seen by the Financial Times. The scrutiny adds to the pressure Apple is facing from government regulators, coming in the week that US senators questioned Apple chief executive Tim Cook ...
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Charmed Kanaan Takes Indy 500 Crown
With a good luck charm he had given to a sick child back in his pocket, Brazilian Tony Kanaan won his first Indianapolis 500 on Sunday to end a decade of disappointment at the famed Brickyard. The former IndyCar champion captured the crown jewel of North American motor racing in his 12th attempt to complete his resume, taking the checkered flag under caution after defending champion Dario ...
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Microsoft reveals Xbox One console
Microsoft has unveiled its next generation video games console, Xbox One. At an event at its US headquarters in Redmond, Washington, which was streamed around the world, the electronics giant said the new voice and motion-controlled device was an "all-in-one system" for games, live television, films and music. Don Mattrick, president of the interactive entertainment business at ...
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Bank of Japans April 26 meeting saw rift over ambitious price goal
TOKYO (Reuters) - The minutes of the Bank of Japan's April 26 meeting showed a rift developing within the board over its ambitious stimulus plan, as a few policymakers opposed targeting 2 percent inflation in two years and called for more flexibility in guiding monetary ...
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BOJs Kuroda Urges Lending
Bank of Japan Gov. Haruhiko Kuroda is calling on commercial banks with solid capital positions to be more aggressive in lending, something the central bank sees as crucial to getting the economy out of deflation."The process to overcome deflation is also the process for the financial system to recover its vigor," Mr. Kuroda said Sunday at a gathering of academics in Tokyo.The BOJ ...
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Coca-Cola 600 delayed after cable snaps fans hurt
Coca-Cola 600 Sunday night, forcing race officials to stop the race for nearly a half-hour to clean up the debris and allow pit crews to fix the damage on some cars. Charlotte Motor Speedway officials said 10 spectators were injured for minor injuries. Three fans were treated and released at a local hospital. The most painful hit suffered by a driver ...
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Cable falls on to track delays NASCARs Coca-Cola 600 at Charlotte
Kyle Busch, going for a sweep at Charlotte Motor Speedway after winning the Nationwide and Truck series races, was leading when he incurred damage to his No. 18 Toyota coming off the fourth ...
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Asian stocks still shaky as Nikkei slides 3 percent
.N225 slid 3.0 percent in early trade on Monday, following on from a 3.5 percent slide last week in breath-taking volatility that no doubt left many investors ...
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Trimble banks on high-tech farming Barrons
TRMB.O ) is moving into new markets like railroads, water management, and electric utilities to improve productivity and cut costs with its positioning technology, Barron's said in its May 27 ...
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New Minnesota solar mandate law will give power companies a jolt
Large solar arrays are likely to sprout in Minnesota after lawmakers required Xcel and other big utilities to get 1.5% of their power from the sun by ...
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Minnesota has increasing number of veterans owning businesses
Minnesota outpaces other states in growth of verified veteran-owned companies, which can be eligible for preferences in state and federal ...
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St. Anthony Pine River takes on housing bust as investor and landlord
The sharp guys who run Minnetonka-based Pine River Capital Management dove early into the depressed mortgage-backed securities market in 2009 through their publicly traded Two Harbors investment trust. In less than four years, the trust delivered a whopping 130 percent total return to ...
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IBM wants to mine tweets to better tailor advertising
In a test of the new system, Haber analyzed three months’ worth of data from 90 million users of Twitter. His software was able to parse someone’s presumptive personality reasonably well from just 50 tweets, and very well indeed from ...
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Retailers highlight service convenience to fight showrooming
Gorman’s President Tom Lias said his five furniture stores in Michigan compete in the Internet culture with customer service and competivie ...
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Business forum Most solutions create other problems
"No problem exists in complete isolation,’’ Ackoff writes. "Every problem interacts with every other problem and is therefore part of a set of interrelated problems. Solutions to most problems produce other problems; a financial problem, a maintenance problem and conflict among family members for its ...
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Ask the consultant Whats a good way to bring products to market
I am the children’s book author of "Saving Up Smiles for a Rainy Day" and the owner/designer of a small business called the Bibocks with Lapkins Co. We specialize in Bibocks with Lapkins. It’s a bib. It’s a smock. It’s a Bibock! We have one patent and one patent pending. If one is interested in bringing more products to market is it best to weave them all ...
Las Vegas Focus
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Healthcare building has contraversial design in Las Vegas
Among architectural enthusiasts and professionals it is one of the most controversial creations Las Vegas has seen in years, and most surprisingly it is not a flashy casino built to resemble a cruise ship or the Sydney Opera Houses, but a health clinic that specializes in treatment for brain ailments.
Opened to the public in 2009, the Lou Ruvo Center for Brain Health, which is a Las Vegas branch of the Cleveland Clinic, was designed by Frank Gehry of Santa Monica-based Gehry Partners and resembles a half-finished assortment of steel facades and outlandish patterns, presenting the viewer with an intense sense of irony. Read more
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