Latest Breaking Business News
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Take A Secret Look Inside The Cocoon As A Caterpillar Transforms To A Butterfly
0 The transformation of a lowly caterpillar into a graceful butterfly is the kind of shocking fact of nature that's used to get children excited about science, so visible is the transformation, so tangible are the lessons. But what's actually going on inside the cocoon? Typically, scientists have had to dissect them to find out, killing the organism inside as a result, a casualty of ...
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Stocks trade flat market ends week lower for the first time since April
Traders gather at the post of specialist Ronnie Howard, center, on the floor of the New York Stock Exchange Monday, April 29, 2013. Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday May 15, 2013. But lower-than-expected German economic growth disappointed investors elsewhere. (AP Photo/Richard ...
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Metals and agricultural futures prices slip energy futures end mostly lower
Metals prices ended slightly lower Friday, as did agricultural futures. Crude oil ended the week down 2 percent as traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. Gold for June delivery fell $5.20 to $1,386.60 an ounce. Other metals prices also fell. July silver fell 1.2 cents to $22.496 ...
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Energy Stocks Energy stocks fall end week off 0.5
SAN FRANCISCO (MarketWatch) -- Energy stocks fell Friday, ending the week with a loss of 0.5% as gains earlier in the week cushioned heavy losses in recent trading ...
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Iceberg Picnic Goes Wrong in Iceland
A group of American tourists have been rescued from a drifting Icelandic iceberg that broke off from land as they were trying to picnic upon it, complete with folding chairs and table. The five imperiled picnickers are safe, plucked by a small rescue boat from the ice slab floating atop deathly frigid waters of the Fjallsrln glacial lagoon in Iceland, five-and-a-half hours east of Reykjavik. ...
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Bridge Collapse Will Slam Local Economy
The collapse of a bridge on a major West Coast highway could cost the state of Washington at least $47 million in lost economic output, as well lost jobs and tax revenues similar to the impact of a flood five years ago that also shut down another section of the road, officials said Friday. Brian Bonlender, director of the State Department of Commerce, said it would be difficult to pinpoint the ...
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Wal-Mart to sell Fatburger patties
NEW YORK (AP) -- Fatburger, a chain with a devoted following on the West Coast, said Friday it will sell its branded frozen beef patties in Walmart stores nationwide.The Beverly Hills, Calif.-based chain said the beef patties are in select stores now and will roll out nationally over the next several weeks.Fatburger, which was founded in 1952, has about 150 locations globally; half of those are ...
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Infoblox profit forecast beats estimates shares rise
BLOX.N ) reported a better-than-expected quarterly profit on higher demand for its network automation products and forecast current-quarter earnings above analysts' ...
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Justice Department opposes AMRs $20 million severance for CEO Horton
LCC.N ) is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom ...
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Bausch Lombs Ista pleads guilty over kickbacks
(Reuters) - Ista Pharmaceuticals Inc WPRISI.UL pleaded guilty on Friday to charges it used kickbacks and improper marketing to boost sales of a drug meant to treat eye pain and agreed to pay $33.5 million to settle criminal and civil liability, the U.S. Department of Justice ...
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Tech Stocks Salesforce Google losses hit tech stocks
SAN FRANCISCO (MarketWatch) -- A sharp drop in shares of Salesforce.com sparked a slump across the corporate-software-vendors group and led the broader tech sector into the red ...
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Markets Post Weekly Loss Snap Four-Week Streak
FOX Business: Capitalism Lives Here The S&P 500 slid more than 1% this week in its first weekly loss in five amid worries about when the Fed will begin tapering its vast asset-purchase program. Today's Markets The Dow Jones Industrial Average rose 8.6 points, or 0.06%, to 15303, the S&P 500 dipped 0.91 point, or 0.06%, to 1650 and the Nasdaq Composite slipped 0.28 point, or ...
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Colombia Stocks Rise Led by Banco de Bogota Peso Weakens
BOGOTA, Colombia – Colombian stocks rose Friday, led by a rise in banking stocks, while the peso plunged to a 16-month low.The Colcap index, a benchmark for the Colombian Stock Exchange, rose 0.3% to end at 1,704.66 points. Shares of financial firm Banco de Bogota rose 2.8% to COP70,000.Colombia's currency, the peso, ended at COP1,878.95 for a dollar, from COP1,865.99 a day earlier. ...
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Norway Oil Fund Voted to Separate J.P. Morgan Posts
The leadership of Norway's $740 billion oil fund voted at J.P. Morgan Chase's (JPM) annual meeting to separate the roles of chief executive and chairman at the bank, Norges Bank Investment Management chief executive Yngve Slyngstad said Friday.After facing some criticism in national media for keeping his voting secret on whether Jamie Dimon should remain as both CEO and chairman of the ...
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US stocks flat as bulls get cautious
NEW YORK (AFP) - US stocks closed flat Friday, reeling in early losses but showing caution following Japan's Thursday plunge and ahead of the three-day US Memorial Day holiday weekend.At the closing bell, the Dow Jones Industrial Average added 9.06 points (0.06 percent) at 15,303.56.The broad-based S&P 500 was down 0.88 (0.05 percent) at 1,649.63, while the tech-rich Nasdaq Composite ...
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The close TSX slightly higher Wall Street mixed
The Toronto Stock Exchange closed slightly higher, pulled down by declines in most sectors, particularly gold, but boosted by a 13 per cent spike in shares of Valeant Pharmaceuticals International.The S&P/TSX composite index finished up 9.13 points at 12,667.22. The Canadian dollar was down 0.25 of a cent to 96.89 cents ...
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Stocks fade on Wall Street post their first weekly loss in a month
NEW YORK - Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month. The Dow Jones industrial average edged up eight points to 15,303 Friday, a gain of 0.1 percent. The Dow was supported by a big gain in Procter & Gamble. The Standard & Poor's 500 fell a point to 1,649, or 0.1 percent. The market had its first weekly loss in five ...
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Oil finishes week down 2 percent on concerns about global demand Feds next move
NEW YORK - The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. The loss Friday was just 10 cents, to $94.15 a barrel. But four straight losses resulted in a weekly decline of $1.87 a barrel for the benchmark oil contract. The global economic ...
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IMF chief named key witness in French payoff case
International Monetary Fund chief Christine Lagarde arrives for a second day of the court hearing at a special court house, in Paris, Friday, May 24, 2013. Lagarde faced questioning at a special Paris court Friday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was France's finance minister. (AP Photo/Thibault ...
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Why arent more homeowners selling
The share of San Diego County borrowers who are underwater on their mortgages continues to fall due to home-price gains, says a recent analysis from real estate website Zillow. So why aren't more homeowners freed from negative equity listing their homes in this supply-constrained ...
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Sears CEO Lampert terse on $279M in red ink
Eddie Lampert is finally breaking his silence, but he still seems to have trouble saying, "Ship Your Pants."The notoriously tight-lipped hedge-fund tycoon, who took over as CEO of Sears Holdings in February, made a rare conference-call appearance yesterday after the retailer reported a wider-than-expected loss.The Yale-educated billionaire was notably stiff during the call, with a ...
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Some Hulu bigs flee as sale proceeds
The No. 1 thing being streamed by Hulu these days just may be anxiety.As first-round bids for the big premium online video destination were due yesterday, recent changes to the 6-year-old venture’s business model have left many employees of the firm jittery - and some heading for the exits, The Post has learned."Everyone is looking for jobs," one West Coast source told The Post ...
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Microsoft Cleared of Xbox Patent Violation
Motorola Mobility, which is owned by Google, had asked the US International Trade Commission in 2010 to halt the import of the device due to the alleged patent violation. The case was part of a broader patent war between the companies. Microsoft claims that phones running Google's Android software violate its patents, while Google says ...
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Watching Risk-Reward Ratios Economic Data Still Positive - But Rate is Slowing
Risk-reward ratios are on our radar screen these days as we review the most recent economic data against the backdrop of recent market movement. This is not to say that we are in any way suggesting a top, a bear market, or even that a correction is on the horizon, even taking into account this past week's movement and volatility--although each of these scenarios remains a possibility. At ...
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US STOCKS-Wall St posts 1st weekly loss since mid-April on Fed angst
Fri May 24, 2013 4:35pm EDT * S&P 500 slips but well off lows as investors buy on the dip * P&G shares jump after CEO replacement * Investors anxious about Fed's possible stimulus exit * Dow up 0.1 pct; S&P 500 down 0.1 pct; Nasdaq flat By Angela Moon NEW YORK, May 24 (Reuters) - The S&P 500 declined for a third day on Friday, with the three major U.S. stock indexes posting their first ...
San Diego Digest
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San Diego home to important wildlife refuge and treatment group
San Diego is home to an important wildlife group helping to balance the disorder created through the city’s rapid growth over the last few years in a part of the country that previously belonged to the wild, but it needs the constant help of the public.
San Diego is a major city, the eighth biggest in the US and second largest in California and the County Seat of San Diego County. Its economy is supported by several major industries such as defense, manufacturing, real estate and tourism and yet the 1.3 million people who live here share their city with a number of species of wildlife that have been displaced, endangered and disrupted in various ways by the ongoing growth and development in the city. Read more
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