Latest Breaking Business News
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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 ...
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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 ...
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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 ...
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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 ...
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Vintage Apple 1 computer sold for $668000 at auction
BERLIN - An auctioneer says one of Apple's first computers - a functioning 1976 model - has been sold for a record 516,000 euros ($668,000).German auction house Breker said Saturday an Asian client, who asked not to be named, bought the so-called Apple 1, which the tech company's founders Steve Jobs and Steve Wozniak built in a family garage.Breker claims it is one of only six known ...
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Herbalife suspends cult distributor
Herbalife - the controversial nutritional products company caught in a Wall Street tug-of-war - has suspended a distributor accused of running a cult-like operation in Israel. Tzachi Gozali, 46, has been accused of using humiliation, threats and sexual abuse to recruit an obedient group of followers who sell and use Herbalife’s diet protein shakes, according to a bombshell report.The ...
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Abercrombie Fitch posts ugly sales stock drops 8
Abercrombie & Fitch’s svelte customers are also starved for clothing. The pricey teen retailer - whose CEO Mike Jeffries lately has come under fire for saying he doesn’t want fat people in his stores - posted an embarrassing quarterly sales drop that was made worse by kinks in its supply chain.Abercrombie’s sales at stores open at least a year, or same-store sales, a ...
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John Rice vice chairman of General Electric talks global business
John Rice, vice chairman of General Electric Co., discusses the demands his business faces with $150 billion in revenue last year and more than 300,000 ...
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Lamprell takes the heat off by meeting in Dubai
management , here is a public relations quandary. How does a London-listed company best stage an annual general meeting as shareholders reflect on a year in which (a) their investment has slumped by more than 60%; (b) the company has issued five (count 'em) profit warnings; and (c) one of those profit warnings came just a fortnight after two executives sold substantial stakes in the ...
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Space the fiscal frontier government looks to the skies for rebalancing
Major Tim Peake will be the first Briton to go to the International Space Station, but the government has great hopes for the wider UK space industry. Photograph: Will Oliver/AFP/Getty ...
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Boden tries foreigners for size as label goes for growth
fashion brand whose fans include David and Samantha Cameron. But now the label, known for its stripy T-shirts and sunny prints, is gearing up to challenge TopShop and Gap for international profile.It already has dedicated websites and catalogues in the US, Germany, France and Austria as well as the UK, and shoppers from more than 50 countries buy the brand through those channels. Over the next ...
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Mark Carney Canadas rock-star banker faces four bars to success
Few decisions in British economic policymaking have been so acclaimed in recent years as George Osborne's appointment of Canada's rock-star central ...
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Why worrying about food miles is missing the point
Getting your lamb from New Zealand isn't hurting the planet and buying your potatoes from the other end of the country is fine. Jay Rayner says food miles are not the problem and, below, visits an ...
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Corporate tax our mainstream parties all fawned over multinationals | the big issue
How our tax inspectors fell in love with tycoons ", Nick Cohen).Britain's mainstream parties pretend to differ on the taxation of multi-nationals yet were happy with Revenue & Customs cutting sweetheart deals. They also pretend to differ on the EU, yet are committed, as are many Eurosceptic Tory MPs, to the free movement of labour within an ever expanding, albeit looser, EU.This is ...
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5-time Sprint Cup champ Jimmie Johnson seeking to make history at the Coca-Cola 600
Matt Kenseth looks on as crew members work on his car during practice for Sunday's NASCAR Sprint Cup series Coca-Cola 600 auto race at Charlotte Motor Speedway in Concord, N.C., Thursday, May 23, 2013. (AP Photo/Nell ...
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Protesters to March Against Monsanto across US around globe in collective anti-GMO rally
FILE - This Aug. 31, 2011 file photo shows the Monsanto corporate logo at their exhibit booth during the Farm Progress Show, in Decatur, Ill. Marches and rallies against seed giant Monsanto are getting under way across the U.S. and in dozens of foreign countries Saturday, May 25, 2013. ';March Against Monsanto'; protesters say they want to call attention to the dangers posed by ...
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Blackstone Notifies Cohens SAC It Intends to Pull Funds
May 25 (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.A pension consultant, in a May 21 letter to clients, said Blackstone has notified Cohen that it intends to "fully ...
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Why PBR beer prices have increased
USA Contributor Regina Lewis breaks down the week's "3 Big Money Headlines" with MSNBC's Alex Witt. She explains why fewer people are hitting the road this Memorial Day weekend. Lewis reports the good news from the housing market and the importance of smart inventory. She reveals why the prices of Pabst Blue Ribbon ...
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Migrant jobs squeeze alarms UK fruit farmers
The rise of Ukip is having unexpected consequences for Britain's countryside. Farmers fear that the political upstart's success has the government running scared on immigration, with the result that foreign workers could soon be absent from Britain's fields."We can see there's a toxic mix brewing," says Alastair Brooks, who employs 200 temporary foreign workers to ...
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Microsoft Reveals The Xbox One
Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...
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WPP Wins Crucial Backing Over Pay Reforms
WPP, the world's biggest marketing services group, is poised to escape a repeat of last year's shareholder revolt despite paying its chief executive more than 17m in 2012. Sky News understands that two key shareholder advisory bodies have decided not to oppose WPP's remuneration report ahead of the company's annual meeting on June 12. Their decisions follow a sharp ...
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Microsoft cleared of Xbox patent violation Saudi Press Agency
(Saudi Press Agency (Saudi Arabia) Via Acquire Media NewsEdge) San Francisco, Rajab 14, 1434, May 24, 2013, SPA -- Days after it unveiled the newest version of its Xbox gaming system, Microsoft has been cleared of violating a wireless patent in current versions of the popular console. Motorola ...
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Recovery Return of the Opportunity Entrepreneur
small businesses . It was a bittersweet accomplishment for many new moms and pops, who became known as necessity entrepreneurs. Now five years later as the recovery gains traction, new data shows the tables have turned. Instead of necessity-driven new businesses, more U.S. entrepreneurs are launching ventures based on perceived opportunities, growth ambitions and a broad optimistic outlook--a ...
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Walt Disney One man and his mouse... and how they blighted our world
If you wanted to nominate the most influential Americans of the 20th century, you could begin with politicians and artists. But those choices misunderstand the country and the way it regards desire, and irrational desire, as human rights. Americans call that the pursuit of happiness. And feeling good about yourself depends on services, facilities, panaceas, and shopping. So you'd have to ...
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Video Rent your car while youre out of town
The premise of a startup in northern California is to put your car to work, while you take a vacation. Travelers can leave their cars at the airport and visitors then can rent them for a minimal daily rate. "Flightcar" doesn't promise a payout, but if you leave your car you don't have to pay for parking. Julie Watts ...
Brazil Focus
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Brazil fighting the good fight?
Brazil’s recent victory in a trade dispute with the US, which was resolved through the WTO is a victory, not just for the biggest economy in South America, but also for developing nations around the world, showing that the mechanisms of the WTO can be used to further their interests – although it will take years of fighting and unrelenting effort…
Brazil’s ongoing dispute with the United States over the subsidizing of cotton for producers in the US, looks like it may soon be resolved, as Brazil recently indicated it would hold off on slapping a range of 102 US goods with sanctions, if the US agreed to certain measures put forth by the South American country. Read more
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