Latest Breaking Business News
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Microsoft Reveals The Xbox One
Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...
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Key Government Projects At Risk Of Failure
Dozens of major Government projects including the High Speed 2 rail line, Universal Credit welfare reform and the rollout of high-speed broadband are at serious risk of failure, Whitehall documents reveal. There are 23 schemes which have had amber/red warning flags raised against them in the report, meaning successful delivery of the project is in doubt and urgent action needs to be taken to ...
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YouTube Users Turning Clicks Into Cash
Not long ago, a Top 10 hit on iTunes wouldn't have been possible without the backing of a major record company, but social media has changed the rules. Lanzarote-based Irish singer-songwriter Rory Gallagher embraced this change and made it to number one in the charts after one of his songs was leaked online. Jimmy's Winning Matches became an overnight viral sensation on YouTube, ...
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Chinese premier criticizes EU move on trade measures
Chinese Premier Li Keqiang speaks during a joint news conference with Pakistan's President Asif Ali Zardari (not in picture) at President House in Islamabad May 22, ...
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Minnesota farmers recover from late planting start
Despite a winter that never seemed to end, Minnesota farmers are going into Memorial Day weekend with a good percentage of their crop planted -- a better outcome than feared a month ...
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Target other retailers sue credit card firms
NEW YORK - Target Corp., Macy's Inc. and 15 other retailers sued Visa Inc. and MasterCard Inc. over credit card and debit card fees after dropping out of a multibillion-dollar settlement of a similar case. The biggest U.S. payment card firms illegally restrained competition for interchange fees by setting default rates and imposing almost identical rules for accepting cards, the retailers ...
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Insurers submit plans for Minnesota health care exchange
Consumers buying health care coverage this fall on Minnesota's new insurance exchange likely will have more choices than are currently available, bringing a spark of competition as health reform rolls out in the months ...
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Wall Street snaps four-week winning streak
U.S. stocks were traded almost flat Friday to end the week lower, snapping a four-week gaining streak amid worries that the Federal Reserve may reduce its stimulus program in ...
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Lobbying in American-US Airways deal focuses on small cities
AAMRQ.PK ), seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told ...
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As grocers restaurants bicker many U.S. menus still lack calorie counts
The Food and Drug Administration hopes to have the regulations in place later this year. Restaurants would likely have six months from then to ...
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Stalking the wildly cute koala
Opening just in time for Memorial Day weekend, the San Diego Zoo's new Conrad Prebys Australian Outback exhibit has twice as much space as the old koala exhibit, with room for bulldozing wombats, cackling kookaburra and snoozy wallabies. Not to mention more koalas and many more places to watch them do what koalas ...
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Slacker Internet radio picks up the pace
Internet radio outfit Slacker detected a touch of gray in its service last year. The retro/biker dashboard player for Web and mobile listeners essentially had gone unchanged since the San Diego company was founded in ...
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Market Snapshot Bears cite performance chasing as stocks rise
"My experience is when managers are overly focused on performance on a near-term basis, and worried they're missing out, it means they're buying stocks for the wrong reasons," said Brian Belski, chief investment strategist at BMO Capital ...
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Source Xbox Ones Heart-Sensing Tech Not Microsofts Idea
has baked into the forthcoming Xbox One is the new Kinect sensor's ability to read your heart rate, which it does optically using a system similar to (or even based ...
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Scorecard Hows Bill Ackman Doing
(Around the time the consumer products giant announced that Mr. McDonald would retire, Mr. Ackman was speaking with a class of University of Chicago business school students, with his phone off. When he turned it back on, his voice mail in-box was overflowing with ...
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Visa and MasterCard Seek Fee Approval
MasterCard , opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. The lawsuit seeks to give the card companies legal ammunition against some retailers who are trying to opt out a proposed settlement under which they would receive a share of $7.2 billion in cash and fee ...
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Google and Microsoft make Windows Phone YouTube app worse while they write a new one
complained about Microsoft's Windows Phone YouTube app, it appears that the two companies are now working together to provide some kind of a solution. In the meantime, however, ...
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News Corp to take charge of up to $1.4 billion this quarter
said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion (925.4 million pounds), as the company prepares to split its business between its newspaper and entertainment operations.The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows ...
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After San Onofre ruling nuke-safety group presses advantage
Spurred on by a ruling on the significance of safety problems at the San Onofre Nuclear Generating Station, the international environmental group Friends of the Earth has redoubled efforts to establish trial-like public hearings on a proposal to restart the power ...
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Coast Highway improvements nearly complete
A nearly yearlong overhaul of Coast Highway 101 in Solana Beach is heading down the home stretch, and local merchants -- at least those who survived a drastic drop in business during the construction -- couldn't be ...
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Why Democrats Cant be Trusted to Control Wall Street
Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown. According to ...
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Top Ten MarketWatch’s top 10 stories May 20-24
-2.61% shares soared after the company reported financial results that outpaced analyst expectations, but those analysts warned that the "turnaround" tale at the high-tech giant may not have a happy ...
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Jersey Shore Ready for Summer After Sandy
Almost seven months after being devastated by super storm Sandy, the Jersey Shore is looking to rebound as the summer season gets underway this Memorial Day weekend, reports CNBC's Kayla ...
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Microsoft still stamping out used games fire
Xbox reveal , though the company did not unveil every bit of information that customers were waiting for. For instance, we still do not know pricing or release date. However, the biggest urbanlegend in circulation -- that of used games -- is under attack from the console maker. On the day of the big reveal, Larry Hrybtook to his blog to assure users "While there have been many potential ...
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Wall Street Week Ahead Investors look for signs in the rallys break
NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward ...
Macau Featured
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Macau economy punches way above its weight
Macau’s economy is set for a continued period of rapid growth over the next decade as Asia tops the charts in terms of revenue gained through gaming industries, but there is more to our little city-state than just casinos and hotels.
Macau is the Monaco of Asia. Although legally part of the Peoples Republic of China, this small little territory, just 29 kilometers squared and one of the most densely populated in the world, exists under the ‘one country, two systems’ policy of the Chinese government and therefore has its own internal legal system and political makeup. It is this which has enabled Macau, a tiny city-state with no natural resources, to develop one of the highest GDPs per capita in Asia, after Singapore. Read more
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