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The Top News
11:45 PM - Wednesday, May 22, 2013
3 hour ago
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news
Manufacturing activity in China contracted in May for the first time in seven months, HSBC said on Thursday, in another sign of the weakness of recovery in the world's second-largest economy.
3 hour ago
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news
Ford said it would stop making vehicles at its unprofitable Australian plants in 2016 and axe 1,200 jobs, ending an era that began in 1925 with the firm's first local car.
RELATED STORIES:
- High costs, currency push Ford out of Australia car manufacturing - FOXBusiness.com
5 hour ago
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WSJ.com
Luxury electric-car maker Tesla Motors said it fully repaid a $452 million federal loan and said it would be able to finance development of its next two vehicles without selling new shares.
RELATED STORIES:
- Electric carmaker Tesla pays off U.S. loan - FOXBusiness.com
3 hour ago
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Yahoo! News: Business News
By Aileen Wang and Koh Gui Qing BEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalle . . .
3 hour ago
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on The Huffington Post /
Abercrombie & Fitch has apologized, again.
In recent weeks, the retailer has seen its brand's popularity plummet after Business Insider resurfaced quotes that CEO Mike Jeffries made in a 2006 Salon article. At the time, Jeffries said the sto . . .
15 hour ago
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FOXBusiness.com
Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
RELATED STORIES:
- SoftBank would appoint "security director" to Sprint board - FOXBusiness.com
8 hour ago
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CNBC
The House of Representatives approved a bill as expected on Wednesday to force approval of Keystone XL oil pipeline.
6 hour ago
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WSJ.com
Clearwire said it hasn't had 'substantive' talks with Dish Network since last month, and doesn't expect the satellite-TV operator to top Sprint's sweetened offer for the wireless broadband provider, which Clearwire supports.
3 hour ago
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FOXBusiness.com
Kathrin Jansen is a microbiologist with at least two breakthrough vaccines to her name: she brought the cervical cancer vaccine Gardasil to market for Merck and helped develop the $4 billion a year pneumonia and meningitis vaccine Prevnar 13 fo . . .
5/20/2013
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Yahoo! News: Business News
By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a r . . .
RELATED STORIES:
6 hour ago
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FOXBusiness.com
A group of investment firms including Citadel Securities LLC sued the Chicago Board Options Exchange Inc and four other exchanges on Wednesday for improper charges on millions of options trades over a seven-year period.
4 hour ago
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news /
Cable & Wireless Communication announced plans to leave the UK after 140 years as it returned to profit after offloading businesses in gambling hubs Monaco and Macau.
5 hour ago
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MarketWatch.com
Gold futures fall, weighed by strength in the U.S. dollar after the head of the U.S. Federal Reserve indicates the central bank could start tapering stimulus efforts in the coming months.
4 hour ago
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news /
George Soros has put £50m into Hyperoptic, a start-up aiming to leapfrog Britain's telecoms giants by building a fibre optic network that offers consumers internet access at least 10 times faster than currently available.
9 hour ago
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Fool.com /
Microsoft's new console won't be the end of Netflix.
RELATED STORIES:
- Will Microsoft's Release Of Xbox One Trigger Another Rally? - from Seeking Alpha
- Has Microsoft's Xbox One Destroyed Apple TV? - from Seeking Alpha / Gary Bourgeault
- Real-Time Analysis Of Microsoft's Xbox One Press Conference - forbes.com / Paul Tassi
3 hour ago
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MarketWatch.com
Asian stocks take a beating after Chinese data showing manufacturing activity unexpectedly contracting in May. Japan’s Nikkei Stock Average swings spectacularly to briefly plunge more than 4% in afternoon trading from a 2% rise posted earlier i . . .
4 hour ago
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on The Huffington Post
DHAKA, Bangladesh — A government investigation says poor quality construction materials and building code violations contributed to the collapse of building housing garment factories last month in Bangladesh.
Committee head Khandker Mainuddi . . .
6 hour ago
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WSJ.com
The Securities and Exchange Commission on Wednesday charged South Miami, Fla. with misleading investors about the tax-exempt eligibility of a downtown public-parking garage and retail development.
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MarketWatch.com
MADRID (MarketWatch) -- U.S. stock futures were under pressure ahead of the open of European markets on Thursday, as Japan's Nikkei Stock Average sank 7.3%, the biggest one-day plunge since March 2011. An extremely volatile session in Japan wa . . .
5 hour ago
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Yahoo! News: Business News
By Masayuki Kitano and Hideyuki Sano SINGAPORE (Reuters) - Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff in bonds globally after Federal Reserve Chairman Ben Bernanke's remarks spa . . .
