Latest Breaking Business News
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Workers demand more action from Italian government
Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...
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Americans find happiness in household wealth
Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...
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Construction begins on new island off Jumeirah Beach in Dubai
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
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Hackers take on Financial Times web site
Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...
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Digital world creeps up on Target
Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...
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Hackers get into important Saudi websites
The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...
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Sanders hires policy exec for chamber
Aimee Faucett, Sanders' former deputy chief of staff and director of policy, will now work for him in a new capacity, as vice president of domestic and international public policy and member ...
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Yahoo promises not to screw it up over $1.1bn Tumblr deal
internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old founder, to his staff, in which he said "We're not turning purple" - Yahoo's corporate colour - and rounded it off "Fuck yeah."The deal, which is expected to complete in the second half of the year, is almost all cash, is equal in value to Yahoo's ...
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How should a long-serving chief executive decide if it is time to go | Jill Treanor
Martin Gilbert, one of the longest serving chief executives of any FTSE 100 company, found himself mulling over his longevity as he spoke to a conference in London on Monday.He was there to ...
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British workers feeling less secure – and more stressed
pay cuts and diminished control over their jobs among the biggest concerns, according to a national survey of employees' wellbeing.More than 3,000 workers aged between 20 and 60 were interviewed in 2012 for the latest in a six-yearly Skills and Employment survey, funded by the Economic and Social Research Council and the UK Commission for Employment and Skills.The first findings from the ...
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Chesapeake Taps Anadarko Exec as New CEO
Anadarko Petroleum as chief executive, filling the post vacated by co-founder Aubrey McClendon.Lawler, who is senior vice president of international and deep-water operations at Anadarko Petroleum, will join Chesapeake on June 17, the company said.McClendon's departure on April 1 came after a tumultuous year in which a series of Reuters investigations led to civil and criminal probes of the ...
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Power Rundown Lotteries a Tax On the Foolish
CNBC's Robert Frank and Bob Pisani discuss new rules for carry-on bags; the Buycott app, which helps you boycott a company's products; and are lotteries a tax on the ...
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Yahoo says buying Tumblr for $1.1B vows not to screw it up
Yahoo's board has agreed to buy Tumblr for $1.1 billion cash. Yahoo CEO Marissa Mayer has acquired several social media sites, presumably to attract a younger audience. Yahoo said Monday it will buy blogging website Tumblr for $1.1 billion cash, in a bold move to make itself more relevant amid the explosion in social media on the Internet.Yahoo said it "promises not to screw it ...
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Credit Suisse CEO Talks Regulation
Credit Suisse is among the first nanks to de-leverage to meet the demands of today's stricter regulatory environment. Brady Dougan, CEO, Credit Suisse, weighs in on the transition with CNBC's Maria ...
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Wall Street advances for fourth straight week
Insight on the market action, with Mark Luschini, Janney Montgomery Scott; Dan Veru|Palisades Capital Management; Peter Costa, Empire Executions; and Andrew Keene, Keene on the Markets. Stocks closed out the week with strong gains, with the Dow and S&P 500 hitting fresh highs and all three major averages logging their fourth-straight weekly advance, boosted by a pair of positive economic ...
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Crime at sea The worlds most pirate-infested waters
Where are the most pirate-infested waters in the world? CNBC gives the rundown. Like the Caribbean of old, the waters near Somalia used to be the most heavily pirated in the world. Now there's a new king of the pirates that's quickly become a headache for governments, shipping companies, cruise lines, energy firms, global conglomerates ...
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Jennifer Aniston From Friend to Entrepreneur
Jennifer Aniston is one of Hollywood's leading stars. Aniston spoke exclusively with CNBC's Maria Bartiromo about what motivated her to get into the hair care ...
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Restaurants fear tough drunk-driving law will be buzzkill for light drinkers
Diners have alcohol with their dinner at Paci Restaurant in Southport, Conn. on Friday, May 17, 2013. Imagine having a drink with dinner at a restaurant only to be pulled over on the way home and slapped with a DUI. That could happen under a proposed plan to toughen the drunk driving laws across the country, and it has restaurateurs alarmed.The National Transportation Safety Board wants states ...
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Tim Cook Says Corporate Taxes Too High
Seema Mody reports on Apple CEO Tim Cook's statement that corporate taxes are too high, ahead of his Congressional testimony next week. With Dean Garfield, Information Technology Industry Council, and Arthur Laffer, Laffer Associates ...
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The IRS Takes a Grilling
CNBC contributor Robert Costa discusses the outgoing IRS chief's testimony in front of the House today. And Rep. Peter Roskam (R-IL), offers his take on the IRS scandal and today's testimony. With Jay Sekulow, American Center for Law & ...
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Retiring baby boomers are selling their small businesses
Roberta Bonoff, new owner of Creative Kidstuff, a toy store chain based in Minneapolis. Bonoff said the previous owner was tired and ready to sell. Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions.In the first three months of this ...
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How to prepare for your parents retirement
It may be tough, but we have to consider our parents' retirement as part of our own future. When Eileen Crehan thinks about her parents' retirement plans, she worries.The 27-year-old PhD candidate, like many young adults, knows that her parents' future finances aren't only a source of concern for them--they directly impact her life as well."They are careful spenders and ...
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Big reason for stock boom Companies buying back stocks
Arthur Laffer, Chairman, Laffer Associates, and Dan Greenhaus, BTIG, discuss the Obama economy in light of tepid profits. Seema Mody weighs in on why the market is still the place to be. It's the narcissist rally.Sure, there are plenty of forces pushing stocks higher -- record corporate earnings, small investors finally buying again, signs the U.S. economy may be strengthening, central ...
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Boeing Dreamliners back in the air after lengthy grounding
A newly delivered Boeing 787 Dreamliner touches down at the Haneda International airport in Tokyo on May 16, 2013. After 123 days being grounded and then repaired to ensure its battery systems do not catch ...
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Farm waste may demand return of biofuels
A combine hitched with a Cob Caddy gathers corn and cobs while blowing stover back into the field on a farm near Hurley, S.D. in this October 2007 file photo. The equipment was being tested by Poet as part of the company's effort to make cellulosic ethanol out of corn cobs. Imagine a world where leftover corn, wheat and wood chips could power your car.That's the aim of cellulosic ...
Taiwan Focus
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Taiwan investing in biotech sector
Taiwan’s economy has seen massive growth in the last few decades, but one industry has been in decline and a development project by the Academia Sinica is expected to reverse that decline, once environmental issues have been cleared up.
Taiwan is one of the Four Asian Tigers; this little island off the coast of mainland China has experienced rapid development in just a few decades and has become a major hub of manufacturing, high-tech industry, shipping and tourism. Read more
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