Latest Breaking Business News
RSS-
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 ...
-
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 ...
-
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 ...
More Breaking Business News
RSS-
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 ...
-
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 ...
-
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 ...
-
Medtronic Boston Scientific patent case heads to Supreme Court
Medtronic and Boston Scientific is headed for the U.S. Supreme Court, the high court announced Monday. The two patents involved cover cardiac resynchronization therapy, or CRT, which gives the heart an electrical shock when its two blood-pumping chambers, or ventricles, get out of sync with each other. Last September, a federal appeals court reversed the ruling of a federal court judge in ...
-
Energy Stocks Energy stocks rally top gainer among SP sectors
SAN FRANCISCO (MarketWatch) -- Energy stocks rose on Monday, the top gainer in the S&P 500 Index, standing head and shoulders above other sectors and up 4.3% on the ...
-
Ryanair reports record profits but warns growth likely to slow this year
Ryanair has unveiled record profits but warned growth was likely to slow this year as a result of the backdrop in Europe and rising fuel costs.The Dublin-based carrier said profits after tax rose 13% to EUR569m (481m) in the year to the end of March, while revenue also rose by 13% to EUR4.9bn.Growth in ancillary revenues - extras on top of ticket prices including paying to reserve a seat - ...
-
Royal Bank of Scotland leads the way as FTSE 100 hits highest level since September 2000
was the day's biggest riser.The bank ended 15.1p higher at 351.9p after analysts at Numis raised their recommendation from hold to buy and their target price from 308p to 410p. The broker said RBS's US business Citizens was undervalued while the profitability of its UK retail operations would be underpinned by its efficiency measures.Overall the FTSE ...
-
Ex-Goldman Sachs boss quits HSBC role
citing his "expanded responsibilities" at other businesses where he has senior roles.His departure leaves a vacancy at HSBC for a chairman of the remuneration committee, and comes weeks after shareholders in Barrick Gold voted against the $12m (7.8m) signing-on fee he received from the Canadian miner after he became co-chairman.HSBC said Thornton's resignation was entirely due to ...
-
Forbes Earnings Preview Hewlett-Packard
is expected to report poor second quarter earnings on Wednesday, May 22, 2013 with analysts expecting a 17.3% drop in earnings from a year ago. The consensus estimate is 82 cents per share, down from earnings of 98 cents per share a year ago. Over the past month, the consensus estimate has fallen from 82 cents, but it's still up from the consensus estimate of 77 cents three months ago. For ...
-
Forbes Earnings Preview Lowes
when the company reports its first quarter results on Wednesday, May 22, 2013. The consensus estimate is calling for profit of 51 cents a share, a rise from 43 cents per share a year ago. The consensus estimate has declined from 52 cents over the past three months. For the fiscal year, analysts are projecting earnings of $2.08 per share. Revenue is expected to be $13.45 billion for the quarter, ...
-
Ex-EA CEO John Riccitiello Warns Sony And Microsoft Not To Forget Gamers
jockey for attention in the upcoming console war, it's easy to see this is a two-horse race. There is a console market, there are two major players releasing next-gen consoles, and one of them will win. There is one point of view that wonders whether both consoles might fail, because the era of dedicated gaming systems is coming to a close. That point of view of talks about the quickly ...
-
Forbes Earnings Preview L Brands
when the company reports its first quarter results on Wednesday, May 22, 2013. The consensus estimate is calling for profit of 46 cents a share, a rise from 41 cents per share a year ago. The consensus estimate has declined from 51 cents over the past three months. Analysts are expecting earnings of $3.10 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of ...
-
Forbes Earnings Preview Staples
when the company reports its results for the first quarter on Wednesday, May 22, 2013. Staples reported profit of 30 cents a year ago, but the consensus estimate calls for earnings per share of 27 cents this time around. The consensus estimate has declined from 31 cents over the past three months. Analysts are expecting earnings of $1.33 per share for the fiscal year. Analysts look for revenue ...
-
Forbes Earnings Preview PetSmart Inc.
, expecting it to report earnings that are up 12.9% from a year ago when it reports its first quarter earnings on Wednesday, May 22, 2013. The consensus estimate is 96 cents per share, up from earnings of 85 cents per share a year ago. The consensus estimate has gone up from 94 cents over the past three months. Analysts are projecting earnings of $3.92 per share for the fiscal year. Revenue is ...
-
Forbes Earnings Preview Target
announcement of its first quarter earnings on Wednesday, May 22, 2013 analysts have become more wary as expectations have fallen over the past month to earnings of 86 cents per share from earnings of 91 cents per share. Analysts' estimates are down 17.3% from the year-ago quarter, when Target reported earnings of $1.04 per share. The consensus estimate has dipped over the past three ...
-
Forbes Earnings Preview American Eagle Outfitters
before it reports its first quarter earnings on Wednesday, May 22, 2013. Analysts are expecting American Eagle to come in with earnings of 17 cents per share, 15% less than a year ago when it reported earnings of 20 cents per share. Over the past three months, the consensus estimate has sagged from 25 cents. For the fiscal year, analysts are projecting earnings of $1.49 per share. After being ...
-
Forbes Earnings Preview Medtronic
reports its fourth quarter earnings on Tuesday, May 21, 2013. The consensus estimate is $1.03 per share, up 4% from a year ago when Medtronic reported earnings of 99 cents per share. Analysts are expecting earnings of $3.69 per share for the fiscal year. Revenue is projected to be $4.39 billion for the quarter, 2.2% above the year-earlier total of $4.3 billion. For the year, revenue is ...
-
Forbes Earnings Preview Toll Brothers
is expected to report poor second quarter earnings on Wednesday, May 22, 2013 with analysts expecting a 30% drop in earnings from a year ago. The consensus estimate is 7 cents per share, down from earnings of 10 cents per share a year ago. The consensus estimate has moved down from 20 cents over the past three months. Analysts are projecting earnings of 73 cents per share for the fiscal year. ...
-
SAC Capital Settlement Talks Fall Apart Source
CNBC's Kate Kelly reports SAC Capital had expressed confidence they were close to resolving remaining issues connected with alleged insider trading. Those talks appear to have broken down as of last ...
-
After Government Raid Jittery Future for Bitcoin
bitcoin exchange, traders and other people interested in the digital currency are looking nervously at the future. Bitcoins have always operated outside of the established financial system, so does the action by ...
-
U.S. homeland security notice weighs on OSI Systems new contracts
OSIS.O ) said the U.S. Department of Homeland Security has issued it a "proposed debarment notice" related to privacy concerns over its full-body passenger scanners used in airports, limiting the company's ability to sign new federal government contracts until the issue is ...
-
Morgan Stanley sued in pay-to-play retirement plan case
Skin Pathology Associates Inc. filed suit in federal court in Manhattan on May 16, accusing Morgan Stanley of violating federal laws governing retirement plans through its dealings with co-defendant ING Life Insurance and Annuity Co and other 401(k) service ...
Netherlands Feature
-
Laura Dekker victim of ageism in Netherlands?
Laura Dekker’s future plans to sail around the world solo hang in the balance as her emotional and mental stability is argued over by two national child care agencies that are in disagreement about her state of mind.
Laura Dekker, 14, has been trying since August last year to sail around the world on her own and in so doing become the youngest person to accomplish the feat. When she first announced her plans, the courts quickly intervened and according to Netherlands news reports, she was placed under the custody of the Child Protection Board in order to be assessed. Read more
News from around our Network
