Latest Breaking Business News
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Appeals court directs Ex-Im Bank to explain rationale for loan guarantee to Air India
WASHINGTON - A U.S. appeals court has upheld a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Indian state-owned carrier Air India in a legal challenge brought by Delta Air Lines to the loan guarantee. The court has however directed the government-run bank to better explain its rationale for providing loan guarantee, which Delta claimed as a ...
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Google renews efforts wipe out child porn images from internet
LONDON - Internet giant Google said it is spending $5 million to wipe images of child abuse off the Internet and another $2 million to create tools to find the images and eradicate them. "We're in the business of making information widely available, but there's certain 'information' that should never be created or found," wrote Jacqueline Fuller, director of Google Giving, in a blog post. ...
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GSK negotiating sale of thrombosis drug and plant to Aspen
DURBAN / LONDON - South Africa's biggest generic drug maker Aspen Pharmacare and its subsidiary Aspen Global Incorporated have made an offer to acquire thrombosis drugs and their associated manufacturing site at Notre Dame de Bondeville, France, from GlaxoSmithKline (GSK). "AGI will acquire from GSK the Arixtra and Fraxiparine/Fraxodi brands and business worldwide, except in China, Pakistan ...
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Carbon trading to begin in Shenzhen in bid to cut emission
BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...
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Rise in transportation costs push up UK inflation to 2.7pc
LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...
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Alexander Why Wi-Fi is speedier than Internet
Q You wrote that any Wi-Fi router you can buy today will be much faster than your Internet connection. Does this mean the wireless router can transmit data faster than my Internet connection can send it? If so, who ...
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Statuesque San Diego County
San Diego is home to some wonderful examples of public art. Above, "Magic Carpet Ride" by artist Matthew Antichevich goes through odd transformations, as you'll see in the next slide.Did we forget your ...
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Nuclear failure may show limits of computers
View inside one of the San Onofre nuclear power plant's steam generators with the steam dome cut off, looking at the top of the steam bundle. Tubes begin at the opposite end from the viewpoint of this photo, bring hot reactor water up around the tube bend shown in this photo and then end back to the other end where the water returns to the reactor. Thus the tubes are heated. Then a second ...
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Tyrie report now lock up the banksters
Banks will hate large chunks of this report, which is fair indication that Andrew Tyrie's commission has understood the industry. Photograph: Felix ...
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British banks must do better says standards report
The Parliamentary Commission on Banking Standards report - called Changing Banking for Good - runs to more than 500 pages and is the culmination of a year's work. It cost 850,000 to produce and took evidence from more than 250 witnesses. Its recommendations ...
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Honeywell takes to skies with COMAC
/enpproperty--> Honeywell Aerospace, the United States-based aviation parts maker and a major supplier to China's domestic commercial aircraft, the C919, is upbeat about the much-anticipated jet's maiden flight in 2015, a senior executive of the company said. "We are on schedule" with the Commercial Aircraft Corp of China's plan for the first flight, John ...
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Stimulus Program Is Noise In Economy Gilder
All eyes are on the Fed as they kick off their 2-day meeting. Jon Hilsenrath, WSJ, and George Gilder, author of "Knowledge and Power," discuss what's ahead for Fed Chairman Bernanke, and the U.S. ...
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Small Business Economic Uncertainty
Many small businesses are still struggling in this economy. Sen. Bob Casey, Joint Economic Committee (D), and Sen. Susan Collins, Appropriations & Intelligence Committee (R), discuss ways in which small business can be ...
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Gilders Knowledge and Power
Texas Gov. Rick Perry will be CNBC's Larry Kudlow's guest on Wednesday night. Also, George Gilder, author of "Knowledge and Power," discusses the gap between knowledge and power, and how to solve the "paralysis of our ...
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DuckDuckGo Search Engine Surges 33
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and ...
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Chrysler agrees to recall 1.56 million Jeeps
The NHTSA's concerns over older-model Jeep Grand Cherokees and Libertys has prompted a recall after investigations found a crash from behind could puncture the fuel tank, possibly causing a fire. NBC's Brian Williams ...
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Ex-Lockheed official joins board of Norwegian titanium firm
LMT.N ) incoming CEO after having an affair with a subordinate, said he has joined the board of directors of a Norwegian titanium producer that works closely with Spirit AeroSystems Inc ...
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United Dreamliner lands safely after possible oil filter problem
SEATTLE (Reuters) - United Airlines said on Tuesday that a Boeing Co 787 on its way to Tokyo from Denver was diverted to Seattle after an indication of a problem with an oil filter, but said the plane landed without ...
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Tinkler gives up half of Whitehaven stake to lender
The U.S. fund, Farallon Capital Management picked up a 9.9 percent stake from Tinkler and entities associated with him, taking its holding in Whitehaven to 16.6 percent, it said in a shareholding notice to the Australian stock ...
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Vodafone raises Kabel Deutschland offer after rival bid report
The logo of Germany's biggest cable operator, Kabel Deutschland, is written on a door bell at the Kabel Deutschland playout center in Frankfurt February 25, ...
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Quake studies cut short by nuke shutdown
The operator of the San Onofre Nuclear Generating Station is likely to scale back a robust slate of earthquake studies as it moves forward with retiring the coastal power ...
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We were not leaned on over branch sale says Lloyds
The bosses of Lloyds Banking Group have denied that they were told by politicians to favour the sale of more than 600 branches to the Co-op over rival ...
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Banking reform after the crash
Today's parliamentary report on the flaws and failure of banking and banking regulation is nearly 600 pages long and the product of months of work, but it needs to be read in the light of one big fact. At the height of the banking crisis, every man, woman and child in Britain stuck 19,271 each behind the banking sector. According ...
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Andrew Tyrie carves out role as inquisitor-in-chief of financial crisis
Andrew Tyrie, a former adviser to Conservative chancellors Nigel Lawson and John Major, joined parliament in 1997. Photograph: Kirsty ...
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Pay cuts imposed on top civil servants could lead to exodus of talent – auditor
pay and conditions of senior civil servants have deterred private sector managers from taking up Whitehall jobs and could result in an exodus of talent, the government's independent auditor has warned.A report by the National Audit Office concludes that there are "clear capability gaps" in the ...
Jordan Digest
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Aqaba taking Jordan along for the ride
Aqaba is now officially the site of one of the largest infrastructure developments in the Middle East region, and certainly the largest development ever undertaken in Jordan’s history. Marsa Zayed is a mammoth project worth $10 billion and on its own is expected to more than double Jordan’s tourist revenues. Marsa Zayed is one in a long list of significant developments taking place in Aqaba, which is set to become the premier tourist destination of the country and a leading destination in the Gulf, but this project is notable for its sheer size.
Marsa Zayed envisions a marina development with room for 300 yachts and a cruise ship terminal all surrounded by a mixture of hotel, resort and luxury apartment complexes. The entire project is slated for completion in several years time, when Jordan first signed the development deal with Al Mabaar, a UAE-based real estate firm, in 2008, Jordan news media reported that it would be completed in 2013. Read more
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