• Tourism push plays up 'Only in Minnesota' getaways

    Associated Press - Thu, Apr 17, 2014

    ST. PAUL, Minn. (AP) — Say goodbye to "More to Explore." Minnesota tourism promoters ushered in a new slogan Thursday that focuses on "Only in Minnesota" experiences as part of their largest-ever advertising campaign. More »Tourism push plays up 'Only in Minnesota' getaways

  • BNSF outlines fertilizer shipment plan to feds

    Associated Press - Thu, Apr 17, 2014

    BISMARCK, N.D. (AP) — BNSF Railway Co. will add trains in the Dakotas, Minnesota and Montana solely for transporting fertilizer for spring crop planting, the railroad has told a federal oversight board. More »BNSF outlines fertilizer shipment plan to feds

  • IBM's quarterly revenue sinks to 5-year low as hardware sales fall

    Reuters - Thu, Apr 17, 2014

    IBM Corp , the world's biggest technology services company, reported its lowest quarterly revenue in five years on Wednesday, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China. That has undercut business at some U.S.-based multinationals operating in the world's second-biggest economy. More »IBM's quarterly revenue sinks to 5-year low as hardware sales fall

  • Money market fund assets fell by $35.02 billion

    Associated Press - Thu, Apr 17, 2014

    Total U.S. money market mutual fund assets fell by $35.02 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money ... More »Money market fund assets fell by $35.02 billion

  • BlackRock's quarterly profit climbs as investors pile into funds

    Reuters - Thu, Apr 17, 2014

    By Ashley Lau NEW YORK (Reuters) - BlackRock Inc , the world's largest money manager, said on Thursday first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds. "Even with all of the turmoil in the markets that we saw a few weeks ago, every day during that turmoil, we had net inflows," Chief Executive Officer Laurence Fink said in an interview on Thursday, referring to the company's retail client base. Fink noted most of that turmoil was due to "fast money" exits, with hedge funds moving out of their positions rather than any broad-based selling among long-term investors. Revenue at BlackRock grew 9 percent to $2.67 billion, with revenue generated by performance fees paid by investors for outsized earnings in some funds surging 46.3 percent to $158 million from a year earlier. More »BlackRock's quarterly profit climbs as investors pile into funds

  • Researcher finds flaw in Samsung fingerprint check

    Associated Press - Thu, Apr 17, 2014

    BERLIN (AP) — A Berlin-based researcher says he has managed to fool the fingerprint-based security system on Samsung's new Galaxy S5 smartphone using wood glue and a picture of the original print. More »Researcher finds flaw in Samsung fingerprint check

  • Formula One drivers in talks to resolve pay disputes

    Reuters - Thu, Apr 17, 2014

    By Abhishek Takle SHANGHAI (Reuters) - Formula One drivers are in talks collectively to try and resolve the issue of unpaid wages but they have ruled out going on strike, some of those affected said on Thursday. Force India's Nico Hulkenberg, who was at financially-troubled Sauber last season and had problems with his salary, said the Grand Prix Drivers' Association (GPDA), effectively their union, had become involved. "Yes, (in) the GPDA it is a theme at the moment," the German told reporters on a damp afternoon at the Shanghai International Circuit ahead of Sunday's Chinese Grand Prix. "But we've never discussed doing a strike." Several drivers, including such high profile names as Kimi Raikkonen when he was at Lotus, went without pay last season as Formula One teams up and down the grid found themselves in a precarious financial position. More »Formula One drivers in talks to resolve pay disputes

  • GM 1Q global sales up 2 pct to 2.42M

    Associated Press - Thu, Apr 17, 2014

    DETROIT (AP) — General Motors says it sold 2.42 million cars and trucks in the first three months of the year, keeping it slightly ahead of Volkswagen in the global sales race. More »GM 1Q global sales up 2 pct to 2.42M

  • Motor racing-Formula One drivers in talks to resolve pay disputes

    Reuters - Thu, Apr 17, 2014

    By Abhishek Takle SHANGHAI, April 17 (Reuters) - Formula One drivers are in talks collectively to try and resolve the issue of unpaid wages but they have ruled out going on strike, some of those affected said on Thursday. Force India's Nico Hulkenberg, who was at financially-troubled Sauber last season and had problems with his salary, said the Grand Prix Drivers' Association (GPDA), effectively their union, had become involved. "Yes, (in) the GPDA it is a theme at the moment," the German told reporters on a damp afternoon at the Shanghai International Circuit ahead of Sunday's Chinese Grand Prix. "But we've never discussed doing a strike." Several drivers, including such high profile names as Kimi Raikkonen when he was at Lotus, went without pay last season as Formula One teams up and down the grid found themselves in a precarious financial position. More »Motor racing-Formula One drivers in talks to resolve pay disputes

  • Iran cuts sensitive nuclear stockpile, key plant delayed - IAEA

    Thu, Apr 17, 2014

    By Fredrik Dahl VIENNA (Reuters) - Iran has acted to cut its most sensitive nuclear stockpile by nearly 75 percent in implementing a landmark pact with world powers, but a planned facility it will need to fulfil the six-month deal has been delayed, a U.N. report showed on Thursday. The monthly update by the International Atomic Energy Agency , which has a pivotal role in verifying that Iran is living up to its part of the accord, made clear that Iran so far is undertaking the agreed steps to curb its nuclear programme. In Washington, the State Department said the United States has taken steps to release a $450 million (267.8 million pounds) instalment of frozen Iranian funds following the issuance of the report. In addition, Japan has made two more payments totalling $1 billion to Iran for crude imports, two sources with knowledge of the transactions said. More »Iran cuts sensitive nuclear stockpile, key plant delayed - IAEA

  • Tribeca Festival films go behind the scenes in fashion, dance and theatre

    Reuters - Thu, Apr 17, 2014

    By Patricia Reaney NEW YORK (Reuters) - From final fittings at a famous Parisian fashion house to rehearsals for a young choreographer's new work for the New York City Ballet and a global tour of "Richard III," documentaries at the Tribeca Film Festival give viewers the film equivalent of a backstage pass. "Dior and I," which opens on Thursday, follows creative director Raf Simons, 46, as he prepares his first couture collection for Christian Dior, and uncovers similarities between the Belgian designer and the French founder of the famous Parisian fashion house. "There were all these uncanny things," said New York-based, French-born director Frederic Tcheng about the two men, both shy, reserved and inspired by the arts. Using voiceover excerpts from Dior's 1956 memoir "Christian Dior & I," Tcheng introduces viewers to Dior, both the man and the fashion house he created. More »Tribeca Festival films go behind the scenes in fashion, dance and theatre

  • Weibo Woes Amid Disappointing Nasdaq Flotation

    Sky News - Thu, Apr 17, 2014

    The cloud over tech stocks has dampened expectations for Weibo - China's version of Twitter - which has begun trading on the Nasdaq in New York today. In March, Weibo had estimated the value of its initial public offering (IPO) at up to $500m. The site was launched in August 2009 to provide services similar to Twitter, which is banned in China. It is the leading social media site in the world's most populous country and China has around 618 million internet users. More »Weibo Woes Amid Disappointing Nasdaq Flotation

  • China calls on Russia, central Asia allies to tighten Internet controls

    Reuters - Thu, Apr 17, 2014

    By Roman Kozhevnikov DUSHANBE (Reuters) - China on Thursday urged Russia and Central Asian partners in a six-nation security alliance to tighten control over the Internet and take other steps to prevent "external forces" from fomenting revolution in member states. Chinese Public Security Minister Guo Shengkun's remarks at a meeting with counterparts from the Shanghai Cooperation Organisation (SCO) could lead to fears of further restrictions by states that critics say already try to silence dissent. They are likely to please the Kremlin, however, which accuses the West of supporting opposition protesters who drove an ally of Moscow from the presidency in Ukraine in February as well as of supporting government opponents in Russia. More »China calls on Russia, central Asia allies to tighten Internet controls

  • Putin says annexation of Crimea partly a response to NATO enlargement

    Reuters - Thu, Apr 17, 2014

    President Vladimir Putin on Thursday said Russia had been forced to respond to NATO enlargement and that its annexation of Crimea, home to its Black Sea Fleet, was partly influenced by the Western military alliance's expansion into eastern Europe. Putin said Moscow will respond if the United States moves ahead with plans to base elements of a missile defence shield in eastern Europe, accusing Washington of fuelling a Cold War-style arms race. More »Putin says annexation of Crimea partly a response to NATO enlargement

  • Canteen catering giant Sodexo says 1H profit up 18%

    AFP - Thu, Apr 17, 2014

    Sodexho chief executive Michel Landel is pictured at the Deauville international center on October 12, 2007 More »Canteen catering giant Sodexo says 1H profit up 18%

  • Runaway spy Snowden is surprise guest on Putin phone-in

    Reuters - Thu, Apr 17, 2014

    By Steve Gutterman MOSCOW (Reuters) - Edward Snowden, the fugitive former U.S. spy agency contractor who leaked details of U.S. intelligence eavesdropping, made a surprise appearance on a TV phone-in hosted by Vladimir Putin on Thursday, asking the Russian president if his country also tapped the communications of millions. The exchange was the first known direct contact between Putin and Snowden since Russia gave the American refuge last summer after he disclosed widespread monitoring of telephone and internet data by the United States and fled the country. Snowden was not in the studio with Putin, who angered U.S. President Barack Obama by refusing to send the American home to face espionage charges. Snowden, 30, wearing a jacket and open-collar shirt and speaking before a dark background, asked Putin: "Does Russia intercept, store or analyse, in any way, the communications of millions of individuals?" "And do you believe that simply increasing the effectiveness of intelligence or law enforcement investigations can justify placing societies, rather than subjects, under surveillance?" he asked. More »Runaway spy Snowden is surprise guest on Putin phone-in

  • Russian state media claim AP skews Putin coverage

    Associated Press - Thu, Apr 17, 2014

    MOSCOW (AP) — Kremlin-controlled television channels criticized The Associated Press' international television service for cutting into its live feed of President Vladimir Putin's nearly four-hour call-in show to send footage from other developing news stories, including the attempted raid on a Ukrainian national guard base. More »Russian state media claim AP skews Putin coverage

  • Islamist militants kill 30 in attacks around Iraq

    Reuters - Thu, Apr 17, 2014

    By Raheem Salman BAGHDAD (Reuters) - Suspected Sunni Muslim militants killed at least 30 people around Iraq on Thursday including 12 soldiers in an assault on a remote army base in the north, deepening insecurity with a national election just two weeks away. Sectarian bloodshed has increased since the Shi'ite Muslim-led Baghdad government began an offensive against insurgents, some of them affiliated with al Qaeda, dug in around Falluja and Ramadi in the western province of Anbar. Early on Thursday morning, gunmen disguised in Iraqi military uniforms drove armoured vehicles, including Iraqi army Humvees, up to a small military base outside Mosul and opened fire, killing 12 soldiers and wounding about a dozen, army and police officers said on condition of anonymity. The region around Mosul has been a stronghold of the al Qaeda-inspired Islamic State of Iraq and the Levant group. More »Islamist militants kill 30 in attacks around Iraq

  • Budget office: Wage boost would cost firms $15B

    Associated Press - Thu, Apr 17, 2014

    WASHINGTON (AP) — A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday. More »Budget office: Wage boost would cost firms $15B

  • Ex BP-employee settles US insider-trading charges

    Associated Press - Thu, Apr 17, 2014

    A former BP employee who was a coordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on the seriousness of the spill to profit ... More »Ex BP-employee settles US insider-trading charges

  • UPDATE 2-Games-Vietnam backs out as host of 2019 Asian Games

    Reuters - Thu, Apr 17, 2014

    * Vietnam quits as 2019 Asian Games host * Cites lack of preparation and cost * Olympic Council of Asia waiting for confirmation (Adds OCA comment) HANOI, April 17 (Reuters) - Vietnam quit as host of the 2019 Asian Games on Thursday, citing a lack of preparedness and concerns that holding the multi-sport event would not prove financially viable. Prime Minister Nguyen Tan Dung said Vietnam was suffering from the effects of global recession and the state was unable to foot the bill for facilities and venues that would not be profitable in the years after the Games. It was not immediately clear which country would take over from Hanoi as hosts of the 18th Asian Games. "We've only heard about it and we are waiting for a formal communication from the Vietnam Olympic Committee," Randhir Singh, secretary general of the Kuwait-based Olympic Council of Asia, told Reuters. More »UPDATE 2-Games-Vietnam backs out as host of 2019 Asian Games

  • Armed men put Putin on the air in eastern Ukraine

    Reuters - Thu, Apr 17, 2014

    By Thomas Grove ANDRIYIVKA, Ukraine (Reuters) - Armed men took over a television tower in eastern Ukraine on Thursday and switched it to Russian channels playing an almost non-stop stream of sound-bites from a marathon TV phone-in by Russian President Vladimir Putin. TV engineers accompanying the men then took Ukrainian channels off the air and replaced them with five Russian channels. The channels included Russia 1, Russia 24 and ORT - some of the most popular state-controlled channels - which were broadcasting clips of Putin's TV phone-in. More »Armed men put Putin on the air in eastern Ukraine

  • Hot cars at this year's New York auto show

    Associated Press - Thu, Apr 17, 2014

    NEW YORK (AP) — With more than 1 million visitors annually, the New York International Auto Show is one of the most important shows for the U.S. auto industry. Here are some of the vehicles debuting this year. The show opens to the public Friday. More »Hot cars at this year's New York auto show

  • Sina Weibo soars in debut, overcoming censorship concerns

    Reuters - Thu, Apr 17, 2014

    By Alexei Oreskovic and Tanya Agrawal SAN FRANCISCO (Reuters) - Shares of Weibo Corp rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks. Investors are watching the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd. Sina Weibo's early gains came after the owner of a Chinese Twitter-like messaging service priced its shares at the very bottom of a target range of $17 (10.12 pounds) to $19, and cut its offer to 16.8 million American Depositary Shares from 20 million. That surge caught some investors off-guard because of its well-known susceptibility to unpredictable Chinese censorship and the uncertain outcome of intense domestic competition with the likes of Tencent Holdings Inc. "People had concerns that there's some competition over there and that engagement on Weibo may be challenged in the future, but I think Weibo is still a social media platform, that people still use it every day," said Henry Guo of JG Capital. More »Sina Weibo soars in debut, overcoming censorship concerns

  • Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

    Sky News - Thu, Apr 17, 2014

    The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". Interim group chief executive Richard Pennycook said: "2013 was a disastrous year for the Co-operative Group, the worst in our 150-year history. More »Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

Pagination

(1000 stories)