Latest Breaking Business News
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Salesforce.coms quarterly results disappoint Wall Street
Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower. Under Marc Benioff, Salesforce's CEO and founder, the company's fast revenue growth has made it a favorite with investors eager to own part of the growing trend among businesses to outsource their information technology needs - from ...
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Fed Fears Shake Global Markets but Fade on Wall St.
Investors are contemplating a future without support from one of the biggest engines of the global economy in recent years: the Federal Reserve. Fears that the Fed is about to reduce its stimulus helped send stock, bond and currency prices on a wild ride on Wednesday and Thursday, with Japanese stocks experiencing their worst one-day decline since the 2011 tsunami and United States ...
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GLOBAL MARKETS-Asian stocks steadier Nikkei bounces back
Thu May 23, 2013 8:29pm EDT * Nikkei up 3 pct in early trade, following 7.3 pct fall * Asian stocks outside Japan steadier after drop * Yen softer, reversing Thursday's gains * MSCI ex-Japan edges up By Ian Chua SYDNEY, May 24 (Reuters) - Asian shares opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh ...
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Hot property Trace Water addition Savage
Details: The Savage City Council has approved plans for a third addition to the Trace Water subdivision, paving the way for 40 custom homes starting at ...
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Kahne embraces long races like the Coca-Cola 600
Kasey Kahne climbs into his car for 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/Mike ...
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Art Laffers tax fix for California
Economist Arthur Laffer, known for advocating supply-side economics while advising former President Ronald Reagan, discusses Kansas Gov. Sam Brownback's income tax plan with reporters, Thursday, Jan. 19, 2012, at the Statehouse in Topeka, Kan. Laffer, of Nashville, Tenn., also advised the Brownback administration and calls its tax plan "beautiful." (AP Photo/John ...
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UCSD gets $6.4 million to hire stem cell researcher
Ahrens studies cellular biology with nuclear magnetic resonance tools that let him examine the activities of living cells, including stem cells. The cells can be tracked inside whole animals, helping to establish their roles in diseases and how they respond to ...
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ITC rules Microsofts Xbox doesnt infringe on Motorola patent
The U.S. International Trade Commission has decided to make final a judge’s preliminary ruling that Microsoft's Xbox console does not infringe on a Motorola patent. ...
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Boy Scouts to Admit Gay Youth
The Boy Scouts of America on Thursday ended its longstanding policy of forbidding openly gay youths to participate in its activities, a landmark step its chief executive called "compassionate, caring and kind."The decision, which followed years of resistance and wrenching internal debate, was widely seen as a milestone for the Boy Scouts, a symbol of traditional America. More than ...
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PG Brings Back Lafley to Replace CEO
Procter and Gamble is bringing A.G. Lafley out of retirement to be its Chairman and CEO, effective immediately. He had been CEO from 2000 to 2009. He succeeds Bob McDonald, who is retiring at the end of June after 33 years with the company. In 2009, McDonald took over the CEO job from Lafley. Share of the Dow component were up slightly shortly after the surprise ...
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Google Boss Fears Digital Ethnic Cleansing
Two of Google's most senior executives have used a lecture in London to press their belief in the transparency of the internet and warned of the dangers of "digital ethnic ...
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Microsoft cleared in Xbox patent spat with Google
The U.S. International Trade Commission on Thursday said it won't review a final ruling that found Microsoft to be in the clear of infringing on patents held by Motorola Mobility, which Google acquired last year. The ruling ...
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UPDATE 3-Former Goldman banker settles SEC pay-to-play charges
WASHINGTON/CHICAGO, May 23 (Reuters) - A former Goldman Sachs Group Inc. investment banker has agreed to a five-year securities industry ban and a record fine to settle U.S. Securities and Exchange Commission charges that he broke rules against influence peddling to win bond underwriting business in ...
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Fed Study Rebuts Banks on Swipe Fees
A Federal Reserve study on debit-card transactions undercuts complaints from the banking industry that a government cap on the fees large lenders charge merchants would result in a drop in the payments for all banks.Small banks and credit unions last year were able to charge slightly more than double the average fee of large lenders for debit-card transactions in which the customer has to sign a ...
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Brazil Raises FGC Bank Deposit Guarantee Coverage to BRL250000
Brazil's National Monetary Council authorized on Thursday an increase of the coverage of the country's FGC bank deposit guarantee fund to provide greater protection to depositors and align the country's policies with deposit guarantee practices abroad, the council said.The move had previously been approved at a board meeting of institutions participating in the FGC fund, which is ...
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OMERS considering proposal to reduce pension payouts
Faced with a $10-billion pension-funding deficit, one of Canada’s largest pension funds is considering a drastic proposal that would reduce benefits paid to retiring workers -- or force them to work years longer for the same retirement ...
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Campbell Soup buys Plum Organics
NEW YORK Campbell Soup said it's buying Plum Organics, which makes food for babies and kids, for an undisclosed amount as it looks to move into faster-growing categories. The company, which also makes Prego pasta sauces and Pepperidge Farm cookies, had been struggling to grow sales of its canned soups in recent years as people increasingly look for foods with a fresher feel. To diversity ...
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Cheaper Store-Brand Sunscreens Protect Better Than Costly Counterparts
Image credit: Getty Images You might think that a costly sunblock would be better at blocking UVA and UVB rays than a store brand at, say, Walgreens. However, according to Consumer Reports’ annual ...
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Hewlett-Packard Rue21 Buckle are big movers
NYSEHewlett-Packard Co., up $3.63 at $24.86The computer company's second-quarter results beat Wall Street expectations. It also boosted its full-year earnings forecast.Ralph Lauren Corp., down $4.37 at $183.69The luxury company posted a 35 percent jump in its fourth-quarter profit, but economic challenges in the U.S. and abroad cut into sales.The Buckle Inc., down $1.72 at $55.42The ...
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UPDATE 2-Goldman unveils checks on conflicts in bid to fix image
Thu May 23, 2013 7:15pm EDT By Lauren Tara LaCapra SALT LAKE City May 23 (Reuters) - After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc's Lloyd Blankfein claimed success in putting the bank and his legacy as CEO back on track. At Goldman's annual meeting on Thursday, Blankfein ...
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US stocks end slightly lower
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Intersection of Louisiana Avenue and Hwy. 7 to be rebuilt in St. Louis Park
The busy intersection of Louisiana Avenue and Hwy. 7 will become an interchange with on- and off-ramps. The city hopes it will spur ...
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Stocks recover from an early swoon as investors reassess fears that Fed will slow stimulus
NEW YORK - Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. U.S. markets plummeted immediately after the opening bell Thursday following a global slump prompted partly by an unexpected slowdown in Chinese manufacturing. Concern that the Federal Reserve might ease back on its economic stimulus program sooner than expected had also ...
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Merck ends development of Parkinsons disease drug preladenant based on study results
WHITEHOUSE STATION, N.J. - Merck & Co. says it is ending development of an experimental Parkinson's disease drug because the drug wasn't working. Merck says it reviewed initial data from three late-stage clinical trials and did not find evidence preladenant was more effective than a placebo. The company says it doesn't plan to file for marketing approval of the drug. It ...
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Inside View Chris Garcia of CGC Commercial
Garcia left a stable, eight-year gig as an industrial broker at Bloomington-based Cushman & Wakefield /NorthMarq, one of the Twin Cities' largest commercial real estate brokerage firms. Despite the unsettled economic climate, he was ready to strike out on his ...
Colorado Springs Digest
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Budget crises and sustainable development for city
Colorado Springs is facing tough times, almost everyone is aware of it, and almost all residents are feeling the effects of the city’s budget crisis. Public pools have been closed, though three of the five public pools have now been re-opened, and some residents have found themselves cutting the grass at local parks due to wide-spread layoffs of city employees.
The present is a tight and frugal one for the city. Recently, Colorado Springs news media reported that there was now a significant brain drain hampering the future recovery of the city. A brain drain is perhaps a loaded term for the situation, it suggests a mass exodus of highly-skilled and experienced people looking for bigger and better opportunities. Read more
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