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Asia stocks boast biggest rise in 15 months, BOJ brightens
Fri, 19 Dec 2014 00:16:19 -0500 -

A man stands next to a stock quotation board displaying Japan's Nikkei average at the Tokyo Stock Exchange in TokyoBy Wayne Cole SYDNEY (Reuters) - Asian shares enjoyed their best day in 15 months on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to withdraw stimulus from the U.S. economy. The gains came even as oil stayed under pressure, suggesting equity investors were beginning to see the positives in lower fuel costs and increased consumer spending power. Japan's Nikkei climbed 2.0 percent to erase most of it's recent losses, while Australia's main index romped ahead by 2.1 percent . ...


Brent steady below $60, heads for fourth weekly decline as oversupply persists
Thu, 18 Dec 2014 23:06:20 -0500 -

A customer holds a nozzle to fill up his tank in a gasoline station in NiceBy Jacob Gronholt-Pedersen SINGAPORE (Reuters) - Brent crude held below $60 a barrel near a 5-1/2-year low on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production in response to a drop of nearly 50 percent in prices since late June. Brent crude for February delivery was up 4 cents at $59.31 a barrel by 0341 GMT (10:41 p.m. EST). The contract had settled down $1. ...


Russian ruble weakens as traders see no major measures in Putin speech
Thu, 18 Dec 2014 05:17:34 -0500 -

A board showing currency exchange rates is on display in VladivostokMOSCOW (Reuters) - The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference. At 0954 GMT (04:54 a.m. EST), the ruble was around 3 percent weaker against the dollar at 62.04 after opening more than 1 percent higher. The rouble was also around 2 percent weaker versus the euro at 76.50 on the Moscow Exchange. ...


Amazon's cloud business a harder sell in post-Snowden era
Fri, 19 Dec 2014 01:09:45 -0500 -

A just-delivered Amazon box is seen on a counter in Golden, ColoradoSAN FRANCISCO/SEATTLE (Reuters) - This spring, Taser International Inc won a small but high-profile contract to supply body cameras to the London police. But the deal nearly collapsed over one issue: where the video footage would be stored.


JPMorgan report to outline improved controls: activist
Fri, 19 Dec 2014 01:03:42 -0500 -

JP Morgan Chase & Co sign outside headquarters in New YorkBy Ross Kerber BOSTON (Reuters) - JPMorgan Chase & Co will soon issue a report outlining improved controls it has been enacting in the wake of recent missteps, including its role in the 2008 financial crisis, according to a shareholder activist who has seen a draft. The report could add pressure on other banks to show tangible changes to policies after a slew of scandals tainted the industry, according to the activist, Seamus Finn, chair of the board of the Interfaith Center on Corporate Responsibility. ...


U.S. to sell final $1.25 billion shares of Ally Financial from bailout
Thu, 18 Dec 2014 21:48:47 -0500 -

Ally Financial CEO Michael Carpenter gives an interview following his company's IPO on the floor of the New York Stock Exchange(Reuters) - The U.S. Treasury Department will sell its remaining 54.9 million shares of Ally Financial Inc acquired under the government's bailout of the auto lender, Ally said on Thursday. The stake is worth about $1.25 billion, based on Ally's Thursday closing price of $22.75 on the New York Stock Exchange. Separately, Ally said in a regulatory filing that it had received a subpoena from the Department of Justice for information related to its subprime automotive finance lending practices. ...


China 2013 GDP revision won't affect growth this year
Thu, 18 Dec 2014 22:45:56 -0500 -

Labourers work at a construction site for a new building in BeijingBEIJING (Reuters) - China has revised up the estimated size of its economy for 2013 by 3.4 percent to 58.8 trillion yuan ($9.5 trillion), the National Bureau of Statistics said on Friday, but said the revision will not affect economic growth this year.


Unilever drops mayonnaise suit against Just Mayo maker
Thu, 18 Dec 2014 21:36:59 -0500 -

Unilever CEO Polman addresses the Climate Summit at the U.N. headquarters in New YorkBy Kanika Sikka (Reuters) - Unilever Plc's U.S. division said it has withdrawn its lawsuit against food startup Hampton Creek over false advertising and unfair competition related to its Just Mayo product. Unilever, famous for its mayonnaise brand Hellmann's, had filed a suit against Hampton Creek earlier this year accusing the company of advertising Just Mayo, an eggless spread, as mayonnaise. Unilever alleged that the spread could not be defined as mayonnaise under the U.S. Food and Drug Administration's definition as it did not contain eggs. ...


American Apparel approached for possible buyout: WSJ
Thu, 18 Dec 2014 21:00:49 -0500 -

The American Apparel factory headquarters is pictured in Los Angeles, California(Reuters) - Clothing manufacturer American Apparel Inc has been approached by private equity firm Irving Place Capital for a possible takeover, The Wall Street Journal reported, citing sources. The Los Angeles-based retailer received an expression of interest from Irving Place in the last couple of weeks, people familiar with the matter told the Journal, adding that the approach was initially rebuffed because of the low price. Irving Place then raised its price range to $1.30 to $1.40 per share. The board has yet to respond, the sources told the Journal. ...


Thai Union Frozen to buy U.S. tuna firm Bumble Bee for $1.5 billion
Fri, 19 Dec 2014 00:25:41 -0500 -

Thiraphong Chansiri, the president of the worlds biggest canned tuna maker TUF, talks to Reuters reporters in his office in BangkokBy Khettiya Jittapong BANGKOK (Reuters) - Thai Union Frozen Products , the world's largest canned tuna producer, is buying U.S. tuna major Bumble Bee Seafoods for $1.5 billion from a private equity firm as part of a plan to double revenue to $8 billion by 2020 through overseas purchases. Thai Union, which makes "Chicken of the Sea" brand tuna and counts Wal-Mart Stores Inc and Costco Wholesale Corp among its clients, said on Friday its biggest-ever purchase will give it North America's largest seafood brands like Bumble Bee, Brunswick and Sweet Sue. ...


General strike shuts down services across Greece
Wed, 06 Nov 2013 08:55:42 -0500 -

Members of pro-communist union PAME take part in an protest during a general strike in Athens, on Wednesday, Nov. 6, 2013. Services across Greece shut down Wednesday as unions held a 24-hour general strike to protest further austerity cuts in the cash-strapped country. (AP Photo/Petros Giannakouris)ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.


Unemployment rates fall in two-thirds of US states
Fri, 18 May 2012 11:34:11 -0400 - Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
US stocks edge higher in afternoon trading
Thu, 22 May 2014 15:04:30 -0400 -

FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. U.S. stocks edged higher in early trading Thursday, May 22, 2014, extending gains from a day earlier. Investors cheered earnings news from several retailers, including Best Buy, Dollar Tree and L Brands. Sears fell sharply after reporting disappointing results. (AP Photo/Richard Drew, File)Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.


US stocks edge higher in midday trading
Thu, 22 May 2014 12:33:25 -0400 -

FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. U.S. stocks edged higher in early trading Thursday, May 22, 2014, extending gains from a day earlier. Investors cheered earnings news from several retailers, including Best Buy, Dollar Tree and L Brands. Sears fell sharply after reporting disappointing results. (AP Photo/Richard Drew, File)Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.


US stocks are mixed in early trading
Thu, 30 Oct 2014 09:40:57 -0400 -

FILE - This Aug. 9, 2011 photo shows a Wall Street street sign near the New York Stock Exchange, in New York. U.S. stocks are opening slightly higher Friday, Aug. 8, 2014 as investors weigh gains in productivity against worsening geopolitical concerns. (AP Photo/Mark Lennihan, File)NEW YORK (AP) — U.S. stocks are opening mixed as investors look over more earnings reports from big companies.


Google accuses Hollywood of 'trying to censor the Internet'
Thu, 18 Dec 2014 23:46:12 -0500 -

Google accuses Hollywood of 'trying to censor the Internet'Using information from alleged documents leaked by the Sony hackers, Google said the Motion Picture Association of America and Mississippi's attorney general conspired to limit free speech on the Internet.>


Tomorrow Daily 103: Man's bionic arms make history, NASA proposes cloud cities on Venus and more
Thu, 18 Dec 2014 23:45:10 -0500 -

Tomorrow Daily 103: Man's bionic arms make history, NASA proposes cloud cities on Venus and moreOn today's show, we tell you how one man is making history with dual bionic arms, why a team at NASA thinks we should look into sending astronauts to Venus instead of Mars, and when you might be able to purchase animated statues of your favorite characters.>


Flickr ends sale of prints uploaded under Creative Commons
Thu, 18 Dec 2014 22:48:41 -0500 -

Flickr ends sale of prints uploaded under Creative CommonsThe photo-sharing site apologizes for offering professional quality reprints of images uploaded for free use.>


Judge May Toss 4 Guilty Pleas In Insider-Trade Case
Thu, 18 Dec 2014 21:25:07 -0500 -

Judge May Toss 4 Guilty Pleas In Insider-Trade CaseNEW YORK (AP) — A judge said Thursday he's leaning toward tossing out four guilty pleas in an insider-trading case, the latest fallout from a recent appeals court ruling criticizing prosecutors' tactics.U.S. District Judge Andrew L. Carter Jr. notified attorneys of his plans in separate proceedings for five defendants. He said he believes...


You're asking the wrong questions about Serial
Thu, 18 Dec 2014 19:26:40 -0500 -

You're asking the wrong questions about SerialCommentary: The super popular Serial podcast has concluded its first season, but was there a conclusion? Crave's Eric Mack draws a few, including some you probably haven't heard. Warning: spoilers.>


Uber agrees to suspend service in Portland after lawsuit
Thu, 18 Dec 2014 19:25:24 -0500 -

Uber agrees to suspend service in Portland after lawsuitRide-sharing service plans to pause operations for three months while the city takes time to craft new taxi regulations.>


Man fined for crashing drone over police operation in Melbourne
Thu, 18 Dec 2014 18:55:30 -0500 -

Man fined for crashing drone over police operation in MelbourneA man has been fined for flying a drone over police during a nine-hour siege in Melbourne after the remotely piloted aircraft hit power lines and almost injured police below.>


Best Life/Career Advice: Relationships Trump Jobs!
Thu, 18 Dec 2014 18:37:13 -0500 -

Best Life/Career Advice: Relationships Trump Jobs!My name is Mark Wayman and for the last ten years I have owned an Executive Recruiting company focused on gaming and high tech. Over 600 successful placements, salary range of $100,000 to $2,000,000, with an average compensation package of $200,000+. That includes seven executives north of a million dollars in 2014. Work exclusively by...


Why the BlackBerry Classic is critical to the new BlackBerry
Thu, 18 Dec 2014 18:08:39 -0500 -

Why the BlackBerry Classic is critical to the new BlackBerryHint: It's not about smartphone sales volume or market share.>


Diagnose your kid's ear infection with your iPhone
Thu, 18 Dec 2014 17:51:11 -0500 -

Diagnose your kid's ear infection with your iPhoneMeet the Oto Home, a portable otoscope that attaches to your iPhone's camera to send a video of your kid's ear to a licensed physician for a cheaper diagnosis.>


Claman on Call: A (Dow) Rally to Remember
Thu, 18 Dec 2014 17:50:29 -0500 - Welcome to Claman on Call. The markets might be closed but FOX Business is always on call.
2014: The Year of the Hack
Thu, 18 Dec 2014 17:35:56 -0500 -

2014: The Year of the HackWe ended this year the same way we rang it in - reeling from cyberattacks. Meanwhile, tech experts forecast doom for the future of privacy.>


Should the Fed Be Worried About Deflation?
Thu, 18 Dec 2014 17:28:01 -0500 -

Should the Fed Be Worried About Deflation?The Labor Department reported Consumer Price Index (CPI) figures for November this morning. The sequential headline drop of 0.3% compared to October was the biggest decline since the 0.8% decline reported for December, 2008. As the table below shows, the MoM drop was largely due to a 3.8% decrease in energy prices during the month. Prices...


Connecticut communities join together for gigabit broadband
Thu, 18 Dec 2014 17:18:58 -0500 -

Connecticut communities join together for gigabit broadbandConnecticut takes the first step toward launching a gigabit broadband network that officials hope will spur competition and lead to higher-speed service at lower prices.>


Icahn Offers $20M to Keep A.C. Trump Casino Open
Thu, 18 Dec 2014 17:04:24 -0500 - Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast.
Beyond the Sony hack: How companies can clamp down on cyberattacks
Thu, 18 Dec 2014 17:04:03 -0500 -

Beyond the Sony hack: How companies can clamp down on cyberattacksData breaches are on the rise, but cybersecurity experts say employees and companies can still make broad changes to cut back on hacks.>


Two Responsibilities a CEO Should Not Delegate
Thu, 18 Dec 2014 17:03:41 -0500 -

Two Responsibilities a CEO Should Not DelegateThe only way to ensure your company thrives and that you remain sane, is to delegate responsibilities and authorities. If you take on the entire to-do list, you end up doing everything but your job. You agonize over how to get the myriad tasks and projects done. By delegating, you decide who will get them done, and let them go. Just don't let...


Cadillac virtual mirror improves vision
Thu, 18 Dec 2014 17:01:17 -0500 -

Cadillac virtual mirror improves visionCadillac announces today that its new CT6 model, due out next year, will incorporate a virtual rearview mirror, increasing rear visibility by 300 percent.>


FBN to Debut 'Strange Inheritance' in January
Thu, 18 Dec 2014 16:26:40 -0500 - FOX Business Network announced Thursday it will debut 'Strange Inheritance,' a new primetime story-driven reality series hosted by Jamie Colby, on Monday, Jan. 26, 2015, at 9 p.m. ET.
Dovish Fed Continues to Fuel Street Rally
Thu, 18 Dec 2014 16:07:00 -0500 - After a Fed-fueled rally from a dovish FOMC statement Wednesday, Wall Street continued its run higher Thursday, with the Dow gaining more than 400 points and all ten S&P sectors in the green.
What VR needs next
Thu, 18 Dec 2014 16:01:40 -0500 -

What VR needs nextVirtual reality is actually real, and it's finally here. But there's a lot of work that needs to be done before it's ready to be experienced by everyone.>


Cop allegedly objects to proof of insurance on phone, gets law wrong
Thu, 18 Dec 2014 15:35:17 -0500 -

Cop allegedly objects to proof of insurance on phone, gets law wrongIn more than half the states, drivers are allowed to show proof of car insurance electronically. One driver, allegedly pulled over for playing "F--- Tha Police," says the cop who stopped him didn't know the law.>


We Need You to Step Into Your Spotlight (Here's Why)
Thu, 18 Dec 2014 15:28:04 -0500 -

We Need You to Step Into Your Spotlight (Here's Why)Image credit: Chris SardegnaGuess what? When you don't play full out in your business, it isn't just limiting your bottom line. You're also missing an opportunity to inspire others to make their own business goals go from doubtful to inevitable. And that can have incredible power. I saw the magnitude of this kind of impact during an...


Why You Are Wasting Your Time on Social Media (and How to Fix It!)
Thu, 18 Dec 2014 14:29:38 -0500 -

Why You Are Wasting Your Time on Social Media (and How to Fix It!)Does this sound like your schedule? Do you spend your days floundering around the various social networks posting, commenting, sharing, and liking? How are entrepreneurs supposed to get any actual work done if they are spending every waking moment on social media?We can't.Just like with traditional advertising, you get better results when you...


Internet Explorer 'browser ballot' ends, takes market share with it
Thu, 18 Dec 2014 14:04:18 -0500 -

Internet Explorer 'browser ballot' ends, takes market share with itMicrosoft's browser was the dominant force in 2009 when the EU required the company to offer consumers a choice of browsers. But that has changed dramatically over the past several years.>




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