Latest Breaking Business News
RSS-
EU To Ban Refillable Olive Oil Bottles
Refillable olive oil bottles in eateries across Europe are set to be banned, to stop restaurateurs topping them up with cheaper substitutes. The European Commission said that from 2014, restaurant customers will only be allowed to use oil from non-refillable bottles with proper content labelling. EU spokesman Olivier Bailly said the move is being initiated because consumers often get ...
-
Npower feels the heat after accusations of UK tax avoidance
Npower has become the latest firm to feel the heat of a mass consumer boycott after thousands of its gas and electricity customers said they plan to switch supplier to protest at its tax affairs.In April, chief executive officer Paul Massara revealed in the House of Commons that his company had paid almost no corporation tax between 2009 and 2011.When it later emerged that the energy giant had ...
-
RBS and NatWest fees revamp penalises authorised borrowers
Millions of NatWest and Royal Bank of Scotland current account customers are to be hit with new charges of up to 72 a year - on top of the interest they must pay - if they go overdrawn by more than just a tenner.RBS, which is 82% owned by taxpayers, is introducing an arranged overdraft fee on 12 July. Some customers with such overdrafts might be annoyed to learn that this fee is in effect being ...
More Breaking Business News
RSS-
QA Post Office current accounts
current accounts . It is promising "a fair and transparent way to manage your money", with no hidden charges, and its entry into the market is likely to be welcomed by some of those looking for a more ethical home for their cash.However, ...
-
More reports of Emirates delays
we featured the case of JL, from Sheffield who complained that Emirates airline had failed to compensate her for long delays she suffered on a flight to Australia as a result of changing planes in Dubai. The flight leaving the UK was delayed, causing her to miss the onward Emirates leg to Sydney; she eventually arrived 12 hours late.The problems occur ...
-
Positive economic news extends stock market rally
NEW YORK - Encouraging news about the U.S. economy extended the stock market's rally Friday.Small-company stocks rose the most, a sign that investors are taking on more risk. Two companies soared in their stock-market debuts in the latest indication that the market for initial public offerings is reviving.A gauge of future economic activity rose more than analysts had expected, as did a ...
-
Financial Times Hacked By Syria Group
The website and Twitter account of the Financial Times have been hacked, apparently by activists who support the Syrian government. The Syrian Electronic Army claimed responsibility for the attack, in which the hackers published messages in support of President Bashar al Assad and posted a link to a YouTube video. "Syrian Electronic Army Was Here," the group boasted on one of the ...
-
Exclusive EU cites Chinese telecoms Huawei and ZTE for trade violations
By Daniel BasesNEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behaviour by these Chinese ...
-
Peace plan at Morgans
Billionaire investor Ron Burkle extended an olive branch to a fellow director of Morgans Hotel Group yesterday in hopes of reviving a bungled plan to take over the hotel chain’s posh Delano property in Miami’s South Beach neighborhood. A lawyer for Burkle’s private-equity firm, Yucaipa, laid out a plan to let the angry director, Jason Kalisman, take the lead in a controversial ...
-
Yahoo falls for Tumblr
Yahoo! is considering up to a $1 billion bid for Tumblr, the company that was founded by CEO David Karp and is headquartered in the Flatiron District, according to reports.Word of a potential deal was first reported yesterday by AllThingsD and Adweek.A billion-dollar price tag for the blogging platform that hosts more than 100 million sites would be a reflection of how far New York has come in ...
-
Voice axes Musto Feingold
Turmoil continued to grip the Village Voice yesterday with the bouncing of two of its most well-known columnists - Michael Musto, who had penned the gossipy La Dolce Musto for 20 years, and veteran theater critic Michael Feingold.Feingold, a staffer for 30 years, is expected on Monday to host the Obies, the off-Broadway theater awards sponsored by the Voice. "I’m still trying to ...
-
Cohen clamming up as Feds circle
Steve Cohen and Uncle Sam are no longer going steady.The hedgie’s SAC Capital yesterday said it will no longer "unconditionally" cooperate with the government’s insider-trading probe. In a brief letter to investors, the $15 billion hedge fund described the coming months as critical, saying it expects "substantially more clarity" into the probe’s impact on ...
-
Facebook trying to find its Waze
Facebook’s negotiations to buy mapping firm Waze are being held up by geography, The Post has confirmed.Waze founders are holding out for more money from Facebook because they need some sweetener if they are going to be forced to move from Israel to Silicon Valley as part of the deal, according to a source with knowledge of the negotiations.CEO Mark Zuckerberg has been trying to buy Waze, ...
-
Restaurants Fear Tough Drunk-Driving Law
NTSB Recommends Toughening Drunken Driving Standard ) "It could have a chilling effect on sales," said Paul Gatza, the director of the Brewers Association, a trade group that represents small American brewers. For restaurants that serve alcohol, beer sales generally account for about 10 to 20 percent of their revenue while wine and spirits make up another 10 to 20 percent, Gatza said. ...
-
Big banks provide cash for payday loans
Fast cash is a few clicks away for Minnesotans at the popular CashNetUSA website, where a two-week loan for $100 carries an annual percentage rate of about 390 percent. To many critics, the terms are outrageous and usurious. But they are typical in the world of high-cost short-term consumer loans, or payday lending, and legal in Minnesota. In fact, the business is supported by some of the ...
-
New Microsoft CFOs compensation package disclosed
Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Janet I. ...
-
Open thread for night owls Stephen Lerner on breaking Wall Streets grip
[T]o build a new anti-poverty movement will require the kind of organizing and actions that are as creative, visible and gripping as the Occupy Wall Street movement. Enter Stephen Lerner. Lerner is a labor and community organizer who has spent more than three decades organizing hundreds of thousands of janitors, farm workers, garment workers and other low-wage workers into unions. These ...
-
Oil prices rise on encouraging economic data
Oil prices extended rally Friday on upbeat US economic data as well as positive performance in US commodity markets.US consumer confidence surged to a six-year high in May thanks to a rising stock market and cheaper gas prices, the monthly Thomson Reuters/University of Michigan index of consumer sentiment reported Friday.The preliminary reading of the consumer sentiment rose to 83.7 in May from ...
-
China April home prices rise 4.9 percent Reuters calculation
BEIJING (Reuters) - Average new home prices in China's 70 major cities rose 4.9 percent in April from a year earlier, according to Reuters calculations based on official data published on Saturday, marking the fourth straight month of year-on-year ...
-
St. Paul microlender NDC boosts small entrepreneurs
Daymn Johnson set up his St. Paul barbershop with a microloan from the Neighborhood Development Center. Here, Johnson gave his son Daymn Jr. a ...
-
Wells Fargo leads bank foreclosure halt after OCC guidance
Wells Fargo & Co., the biggest U.S. home lender, halted some foreclosure sales until it can understand new federal guidelines on seizures sent to the nation's large and midsize banks. The rules from the Office of the Comptroller of the Currency dated last month laid out minimum standards that must be met before a foreclosed home can be sold. Citigroup Inc. also said Friday it's ...
-
Donaldson results miss expectations
The dull global economy and falling currencies in Europe and Japan are cutting into sales at Donaldson Co., which reported a lackluster third quarter Friday that missed Wall Street expectations. ...
-
UnitedHealth slow to fix military care backlog Pentagon says
UnitedHealth Group Inc. is failing to meet terms of a $20.5 billion military contract, causing lingering delays to medical care, a Pentagon official said. The backlogs occurred ...
-
Report finds Gen Xers lost almost half their wealth in recession questions retirement savings
NEW YORK - A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession. The study found that members of Generation X, who are now between 38 and 47 years old, lost almost half their wealth between 2007 and 2010. Young baby boomers, who are between ...
-
Bulls Will Drive Market but Bernanke Is Steering
Federal Reserve Board Chairman Ben Bernanke listens during a meeting of the Financial Stability Oversight Council at the Treasury Department in Washington, ...
A Look at Copenhagen
-
Copenhagen leading the eco-charge
Copenhagen has, for many decades, been an extremely influential city in world affairs, most notably in the realm of environmental management and conservation activities. It is in Copenhagen that world leaders meet to agree on eco-friendly policies at the famous Copenhagen Accord, and the city will host mayors from around the world at the Copenhagen Summit. So what is the extent of the city’s leadership on such issues?
Copenhagen has long been considered one of the most environmentally friendly cities in the world. In 1973 Denmark was the first country in the world to implement a national Environmental Law, and this paved the way for a strong combination of national and municipal legislation aimed at limiting the cities carbon footprint. Read more
News from around our Network
