Latest Breaking Business News
RSS-
Housing recovery boosts Home Depot results outlook raised
Home Depot Inc reported higher-than-expected quarterly results and raised its sales and profit outlook for the year as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market. The news on Tuesday boosted Home Depot shares by 3.9 percent to $79.75 in premarket trading. A bubble in the U.S. housing market was at the core of the 2007-2009 ...
-
Bank Indonesia Allows DBS to Buy 40 of Danamon
Bank Indonesia Tuesday approved the sale of 40% of PT Bank Danamon to DBS Group, but Governor Darmin Nasution said DBS would be allowed to acquire additional stake only if Indonesian banks get the green light to open full-fledged branches in Singapore.Mr. Nasution told a parliamentary committee that Bank Indonesia has permitted DBS to buy up to 40% in Indonesia's sixth-largest lender by ...
-
Best Buy profit tops estimates sales miss
(Reuters) - Best Buy Co Inc reported weaker-than-expected quarterly sales on Tuesday and warned that a slew of investments to win back shoppers could squeeze profits in the near ...
More Breaking Business News
RSS-
Eight years later Microsoft prepares to unveil new Xbox that’s more than just a gaming console
SAN FRANCISCO/SEATTLE -- Microsoft Corp is set to make a splash Tuesday with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the US$65-billion a year global computer gaming industry. But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting ...
-
In complex world investing should be simple
Conventional Investing in a Complex World " (Journal of Investing, Spring 2013), cautions investors who are thinking about abandoning traditional investment plans. He advocates "policies that are simple, transparent, and focused rather than the increasingly popular alternative tactics, such as illiquid instruments and vehicles, leverage, and complex, opaque investment ...
-
Crucial resume advice for new college grads
(MoneyWatch) My daughter is graduating from college in just a few weeks, and she has been peppering me with questions about how to find her first real job as a college graduate. (She completed her associates degree while still in high school, and thus is graduating two years early. OK, enough bragging.) The first job search with a degree in hand but little or no experience can be daunting, and ...
-
Top five 529 college plans
(MoneyWatch) For those of us saving for our children's college expenses, finding the best 529 plan available is a top priority. Since my son's college money is in the Utah 529 plan, and I can have those funds moved once a year, I do an annual assessment of the best 529 college plans around to ensure his money is parked at the right place. Here's my assessment for this year. My ...
-
Report Kentucky at bottom of muni bond market Indiana 17th
Kentucky and Rhode Island are the two lowest-ranked states in the municipal bond market. According to The Wall Street Journal, those are the findings of a recent report done by asset manager Conning. North Dakota and South Dakota top the list. Indiana comes in at No. 17. The report shows that the economic recovery is stronger in some places than others, the Journal ...
-
US STOCKS-Futures little changed as market drifts near record high
Tue May 21, 2013 7:52am EDT * Home Depot raises outlook, shares jump * Carnival guides lower once more, shares tumble * JPMorgan shareholders to decide on Dimon's chairmanship * Futures: Dow up 4 pts, S&P off 2 pts, Nasdaq off 3 pts NEW YORK, May 21 (Reuters) - U.S. stock index futures slipped on Tuesday after the S&P 500 hit yet another intraday record in the previous session, with markets ...
-
Best Buy reports 1Q loss on restructuring costs
Best Buy Co. is reporting a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores. The electronics retailer says net loss for the three months ended May 4 after paying preferred dividends totaled $81 million, or 24 cents per share. That compares with net income of $158 million, or 46 cents per ...
-
Assault on Wall Street - A Review
Assault on Wall Street glorifies the revenge killing of Wall Street big wigs by a seemingly decent man who lost everything, including his wife, due to the manipulation and fraud of those he gunned down. Combat veteran and armored car driver, Jim Baxford reaches a hefty body for this sort of thing. He's got nothing on the last three presidents of the United States who bear ...
-
Corrections U.K. stocks extend gains to 12-year high
A previous headline for this story stated that the FTSE 100 was heading for a 12-month high, although the index is on track for a 12-year high. The story has been ...
-
Why falling inflation matters
Inflation falls in April 2013. There is still a gap between what individuals are earning and the price of goods and services they are purchasing; it is just that this gap is getting smaller. Photograph: Dominic ...
-
Mortgage lending up 4 – the highest level for four years
Mortgage lending increased by 4% in April to the highest level in more than four years, but the Council of Mortgage Lenders said the average value of new home loans was "still barely half" what it was before the financial crisis.The CML's gross lending figures, which reveal the value of loans advanced during the month without taking into account repayments, showed 12.1bn worth ...
-
Homeserve jumps 12 after it unveils lower than expected mis-selling provision
, the insurance and household repairs business, has set aside 6m to cover the costs of an investigation into past mis-selling, including any potential fines.The company said an investigation by ...
-
Transforming finance What would a democratic financial system look like - video
Speakers from the Transforming Finance conference - including James Featherby of the Church of England Ethical Investment Advisory Group and Louis Brookes of the Move Your Money campaign offer a variety of perspectives on what it means to 'democratise finance' and how we might go about ...
-
Home Depot Beats Helped by Housing
Home Depot reported higher-than-expected quarterly results and boosted its sales and profit outlook for the year, as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market. Shares of the company rose 4.1 percent to $79.90 in trading before the market opened. Despite cooler-than-usual weather in many parts of the United States at the start of ...
-
US Economy Is on the Move—And So Are We
Map: Tracking the US Real Estate Recovery ) "In the single family construction market, they're out there building those houses for a reason. They think people are going to buy them and move into them," said John Bisney, a spokesman for the American Moving and Storage Association. If you are planning to join the thundering herds of relocating Americans, you can take a variety of ...
-
IBMs Watson The Consumer Answer
IBM computing system that won Jeopardy!, Big Blue is aiming to help businesses not just to answer customers' questions, but to maintain a conversation with the Watson Engagement ...
-
Carnival lowers earnings forecast after Triumph disaster
Carnival Corp. has lowered earnings forecasts in a turbulent year for the cruise line. Carnival Corp. has lowered its earnings forecast for 2013 in what continues to be a rough year for the cruise company. Miami-based Carnival cited a need to lower its ticket prices in order to entice customers to take cruises amid a string of negative news events, The Miami Herald reported. The company has ...
-
Home Depot quarterly profit sales rise
HD.N ) report higher quarterly sales and earnings on Tuesday, prompting the world's largest home improvement chain to boost its sales outlook for the ...
-
Therese Polettis Tech Tales H-P investors ignore dour view on Wall Street
Hewlett-Packard CEO Meg Whitman faces a downbeat mood on Wall Street, but investors have still sent the tech giant's shares up more than 80% over the last six ...
-
CIMB Group 1Q Net MYR1.39 Billion Vs MYR1.01 Billion
CIMB Group Holdings Bhd (1023.KU), Malaysia's second-largest bank by assets, said Tuesday that net profit in the first three months of the year surged 38%, boosted by a one-time gain from its sale of a stake in a joint venture.Net profit for the quarter ended March was 1.39 billion ringgit ($461.6 million) compared with MYR1.01 billion a year earlier, CIMB Group said in a statement to the ...
-
VTB SPO Will Make Banks Capital Sufficient For Next 3 Years - Report
Russia's second-largest bank (VTBR.RS) will have sufficient capital for the next three years after it conducts a secondary public offering, the lender's first deputy president said Tuesday, Interfax news agency reported.VTB is planning to issue 2.5 trillion new ordinary shares worth 102.5 billion rubles ($3.23 billion) this year to meet capital adequacy targets and provide funding for ...
-
Lanxess S Africa Mine Security Disperse Striking Employees With Rubber Bullets
Security officials used rubber bullets to help disperse a crowd of striking miners at the South African Lanxess chrome Mine Tuesday, where employees have been on strike since last week.A spokeswoman for Lanxess said between 200 and 400 employees out of its roughly 700 workforce embarked on a wildcat strike last Thursday over a bonus dispute at its Rustenburg mine, northwest of Johannesburg.On ...
Fiji Feature
-
Fiji needs to focus more on needs of the poor
Fiji is facing a major problem with informal housing or ‘squatter colonies’, especially on the outskirts of major cities such as Savu, which draw people in with the promise of jobs and prosperity. An ongoing effort by government to provide affordable housing for low-income earners is hampered by mismanagement, a lack of funds and the reluctance to evict non-payers from their homes.
Fiji is one of the more developed countries of the South Pacific island nations, but a large proportion of the population remain in poverty and exist through subsistence means rather than through formal integration with the national economy. Read more
News from around our Network
