Latest Breaking Business News
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Kodak Preps $406M Offering as it Eyes Bankruptcy Exit
Eastman Kodak Co on Tuesday said it will seek court approval for a $406 million rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection. Kodak said creditors agreed to backstop an offering that would let the Rochester, New York-based company issue 34 million common shares at $11.94 each, equal to about 85 percent of the ...
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Orders top $100 billion as Ryanair gives Boeing a boost
1 of 6. President and CEO of Boeing Commercial Airplanes Ray Conner (R) and Ryanair Chief Executive Michael O'Leary share a light hearted moment as they pose during a signing ceremony at the 50th Paris Air Show, at the Le Bourget airport near Paris, June 19, ...
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Imperial Oil to close N.S. refinery after failing to find buyer
CALGARY - Imperial Oil Ltd. says it will convert its refinery in Dartmouth, Nova Scotia to a terminal facility after it was unable to attract a buyer for the plant. "The results of the marketing effort illustrate the challenges of operating a refinery of Dartmouth's scale in the competitive conditions of the Atlantic Basin market," Imperial chairman and chief executive Rich ...
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6.19.13 Where do you invest when the Fed begins tapering
. Will the Fed begin tapering its $85 billion-a-month in bond purchases within "the next few meetings," as Bernanke suggested during his remarks to Congress? Or does the job market remain too weak for the Fed to slow its stimulus, as Bernanke said at another point?The Fed's bond purchases have been intended to hold down long-term loan rates to induce Americans to borrow and spend ...
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Money pours into high-yield debt markets in early 2013
As equity markets remain relatively weak, Canadians are pouring investing dollars into high-yield products, sending debt marketssoaring. During the first four months of 2013, $10.76-billion in equity capital was raised on the S&P/TSX, down from $17.25-billion during the same period in 2012, according to a mid-year capital report issued by law firm Torys LLP. The real estate sector, namely ...
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Statoil discovers oil off the coast of Newfoundland
ST. JOHN'S, N.L. -- Statoil is evaluating a new discovery of high-quality oil off the coast of Newfoundland, about 500 kilometres northeast of St. John's, N.L., the Norwegian oil giant announced Wednesday. A Statoil spokesman says the latest oil discovery is very encouraging and contributes to its understanding of the area within the Flemish Pass Basin, where the company and its ...
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Ottawa ups liability for offshore oil spills in Arctic Atlantic waters to $1-billion
CALGARY o Ottawa is boosting the liability cap on oil companies with plans to drill in Atlantic and Arctic waters as it looks to rekindle interest in Canada's offshore. In changes announced Tuesday, Natural Resources Minister Joe Oliver said companies operating in the Atlantic would be on the hook for a maximum of $1-billion in the event of a spill, up from $30-million previously. Arctic ...
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Indiegogo mulls equity crowdfunding but only if rules won’t ‘stifle innovation’
As Canadian entrepreneurs wait for regulations in the works that could allow them to use crowdfunding to seek equity investment from the general public, one of the most popular platforms available in Canada says it may opt out of equity crowdfunding if the new rules are too ...
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Service helps you use Twitter to find a job
Twitter can help you land a job by letting you connect with people and stay abreast of what's happening in your industry. But what if the microblogging service just isn't your ...
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Protect yourself from serious medical conditions
recent brush with death and her encounter with our medical system confirmed insights that we've gained regarding how to protect yourself from potentially ruinous medical expenses. While my posts typically use analysis for my conclusions, in this case it's my wife's personal experience that provides support for my recommendations. While I normally write about retirement planning ...
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Chrysler caves agrees to recall Jeeps
(MoneyWatch) Update, 4:36 p.m.: Chrysler reversed field today and said it would comply with federal safety officials' request to recall older Jeep SUVs to check for possible fire hazards., The National Highway Traffic Safety Administration says that gas tank placement on the Jeep Grand Cherokees and Jeep Liberty model SUVs is at fault in 51 fatalities.Chrysler had previously argued tha most ...
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Royal Baby a $400 Million Bonanza
the royal baby , that's just the beginning. Beyond that, as he or she coos and wiggles, lies a cornucopia of delight: bespoke teddy bears, the imperial rattle, a Spode sippy cup, and wee slippers emblazoned with the Union Jack. Asks the world looking on: Why can't my own darling have those slippers? Well, now he ...
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6 Ways to Save Money This Month
We all want to save more money. After all, none of us like the feeling of looking at our bank account (or under our mattress) and realizing that we have no money left and our next paycheck is still a week away. By saving a few dollars here and there, we can get some breathing room in our monthly budgets and hopefully start saving up for future expenses, as well. This article is for anyone ...
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American Rights At Work Formal Complaint for FEC Investigation of Wal-Marts Unlawful Federal Election Activity
Formal Complaint for FEC Investigation of Wal-Mart's Unlawful Federal Election Activity WASHINGTON - August 14 - Today American Rights at Work, the AFL-CIO, Change to Win, and WakeUpWalmart.com will hand ...
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India Resource Center Coca-Cola Plant Shut Down in India
Chinta Dewi, Coca-Cola Bhagao, Krishi Bachao Sangharsh Samiti +91 94507 79325 (Hindi) Nandlal Master, Lok Samiti +91 94153 00520 (Hindi) Amit Srivastava, India Resource Center +91 98103 46161 (India) +1 415 336 7584 ...
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WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation
WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation WASHINGTON - August 14 - WakeUpWalMart.com today, along with American Rights at Work, Change to Win, and the American Federation of Labor and Congress of Industrial Organizations, jointly filed an official complaint with the Federal Election Commission. The groups filed the complaint of ...
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US STOCKS-Wall St to open little changed as Fed statement looms
Wed Jun 19, 2013 8:59am EDT * Fed statement, news conference in focus * Adobe shares up, FedEx down after results * Futures: Dow off 6 pts, S&P flat, Nasdaq up 4 pts By Rodrigo Campos NEW YORK, June 19 (Reuters) - U.S. stocks were set to open little changed on Wednesday, holding on to gains over the last two days, ahead of a highly anticipated Federal Reserve statement and news conference. The ...
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Earnings Watch Updates advisories and surprises
+1.09% reported its fourth-quarter profit fell to $303 million, or 95 cents a share, from $550 million, or $1.73 a share, a year earlier. Earnings adjusted for business realignment and an aircraft impairment charge were $679 million, or $2.13 a share, compared with $634 million, or $1.99 a share in 2013. Revenue rose to $11.4 billion, from $11 billion a year earlier, the shipping company said ...
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G8s tough talk on tax avoidance must not ring hollow | Kevin Watkins
G8 leaders and EU delegates at the summit in Lough Erne, Northern Ireland, which has produced a communique on tax evasion. Photograph: Matt Cardy/Getty ...
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Diet Coke man Andrew Cooper on the return of the iconic TV advert - Cannes Lions 2013 video
Cannes Lions International Festival of Creativity to discuss the enduring appeal of the ad's concept on the 30th anniversary of the product's launch. Matthew Charlton of BETC London who produced the ad, says the video is already a social media ...
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BT chief executive exits to become trade minister
Lord Green , who has served as a minister since early 2011 and is approaching retirement.The son of a Glasgow GP, Livingston's talent was spotted early by the Dixons chairman Sir Stanley Kalms, who made Livingston the youngest FTSE 100 finance director at the age of 32. He joined BT in the same role, before becoming chief executive in June 2008 at the age of 43.Having transformed the former ...
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FedEx Sends Wall Street A Surprise $679M Q4 Profit Beats Expectations
(Photo credit: erikleenaars) FedEx made a surprise delivery today, reporting quarterly figures that easily beat expectations. The company earned $303 million, 95 cents a shares, in its fiscal fourth quarter, compared to $550 million, $1.73 a share, a year earlier. Excluding one-time items, FedEx made $679 million, $2.13 a share. That's considerably more than analysts' projection for ...
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FedEx Earnings Blow Past Estimates
FedEx posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices.FedEx, considered an economic bellwether because of the massive volume of goods it moves across the world, had net income of $303 million, or 95 cents a share for its fourth quarter ended May 31, compared with $550 million or $1.73 a share a year ...
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Money for a Squirrel Census Nuts
GoFundMe have become the go-to resource for projects as diverse as starting a business, turning an invention into reality or funding a personal goal or need.Talked-about tech--including the Pebble smartwatch and the vibrating HAPIfork--got a start on crowdfunding sites, and after the Boston Marathon bombings, friends and family of victims used such sites to raise money to help with medical ...
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QE Infinity Now 6 Months Economists
Why Fed Taper Means Tighten in Markets ) "The shift in QE forever to QE for a finite period of time is the thing" the markets are focusing on, agreed Jeff Knight, head of global asset allocation at Columbia Management with $58 billion under management. "Primarily the quantitative easing has had [more of] a financial market impact than a real economy impact." Silvia said the ...
Baltimore Feature
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Baltimore surplus might not be too far-fetched
If the advice of a new report on city government spending is taken onboard by city officials, and if new ways of saving are replicated in all departments, a budget surplus might not be so far-fetched a thought.
A comprehensive report on the state of the Baltimore city government has detailed a number of damning inefficiencies and wastes of financial resources, and has listed a number of steps the city should take to make itself more recession-proof during this time of runaway deficits and plunging income. Read more
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