Latest Breaking Business News
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Dont Make These Bond Mistakes Gundlach
Bond King Jeffrey Gundlach of DoubleLine Capital explains why he thinks it doesn't pay for investors looking for yield to leave bonds and buy dividend stocks or ...
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Gundlach Bonds Will Rally Gold Will Hit New Low
Men's Wearhouse founder George Zimmer defends his position at the company that fired him, reports CNBC's Josh Lipton. Jeffrey Gundlach, DoubleLine Capital, explains why the Fed's tapering program makes him ...
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Gundlach Bet on a Most Hated Asset
The Fed will likely signal a reduction of asset purchases, making one investment the best bet in the near future, DoubleLine Capital's Jeff Gundlach ...
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Santelli To Hilsenrath Why Do We Still Need QE
Are reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is ...
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Mens Wearhouse icon wont like the way he looks -- hes out
In this May 6, 1999 file photo, George Zimmer, second from left, gestures prior to a meeting, in Oakland, Calif. Men's Wearhouse Inc. says it has dismissed Zimmer, its founder and executive chairman. Men's Wearhouse has fired George Zimmer, its bearded executive chairman famous for his TV ad line: "You're going to like the way you look. I guarantee it."The announcement ...
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News Corp spinoffs start preliminary trading
(Reuters) - News Corp's publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch's company officially splits in two on June ...
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Skys the limit for civil drones
According to the European Commission, there are more than 400 projects across 20 European countries to develop civil unmanned aerial vehicles (UAV) ranging from some weighing just a few grams to others the size of an Airbus A320 ...
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Porsche plaintiffs bolstered by court ruling lawyer
A logo is seen on a wheel of a Porsche 911 Carrera 4S ahead of the annual news conference at the Porsche headquarters in Stuttgart March 15, ...
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Wall Street all eyes on the Fed
Federal Reserve will say about the U.S. economy and the central bank's huge stimulus program this afternoon. The U.S. central bank will release its latest policy update at 2 p.m. Eastern Daylight Time and Bernanke will speak at a press conference thirty minutes later. Comments by Bernanke last month suggesting the central bank may soon ease that support unsettled investors and caused this ...
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U.S. needs oil sands as surge from shale bonanza seen overdone
The U.S. will continue to need crude from Canada's oil sands because rising production from its shale formations is too expensive to maintain. Increased crude output from U.S. shale isn't "sustainable production," Mike Tims, chairman of Canadian investment bank Peters & Co., said yesterday at a Bloomberg energy forum in Calgary. Producers need to invest too much to ...
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Air Canada has array of choices to replace narrow-body fleet
The 50th International Paris Air Show is being held from June 17 -23. The Financial Post’s Scott Deveau is in Paris this week to cover the event. Read his first dispatch ...
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Poloz follows Carney as he urges businesses to start spending
OTTAWA -- Stephen Poloz stepped carefully into the public spotlight Wednesday, ostensibly to begin laying the foundation of his stewardship of the Bank of Canada but offering few concrete ideas to set him apart from his ...
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Did President Obama ‘essentially fire’ his head banker on national TV
President Barack Obama was showing Ben Bernanke the door with his comments this week, observers say, and that could mean tapering will begin sooner rather than ...
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BG Group looking to partner up for proposed West Coast LNG project
CALGARY - The U.K.'s BG Group PLC says it expects to own less than 50% of a liquefied natural gas project proposed for Canada's West Coast. BG this week applied to Canada's National Energy Board to export up to 21.6 million tonnes of super-cooled gas per year, or roughly 2.9 billion cubic feet a day, from a proposed LNG terminal on Ridley Island near Prince Rupert, British ...
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Jail ‘reckless’ bankers and kill bonuses if taxpayer bailouts needed report urges UK lawmakers
While Canadian bankers continue to win international praise for riding out the global financial crisis, a hard-hitting report in Britain, which is still recovering from a series of financial scandals, has recommend bankers ‘should face threat of jail’and tighter limits on bonuses if involved in a future banking collapse. The long-awaited commission report on banking urges the UK ...
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Ousted Mens Wearhouse Founder Says He Was Silenced
After retailer Men's Wearhouse [NYSE: MW] announced that it "terminated" founder and executive chairman George Zimmer, best known to consumers for his hundreds of TV commercials pitching suits, he fired back saying the company's board "has inappropriately chosen to silence my concerns." The company said that "in light of Mr. Zimmer's termination," ...
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Wipro wins large contract worth Rs 2900 crore from Citigroup
In Mumbai, rentals in sea-facing Haveli on Malabar Hill, NCPA Apts at Nariman Point and Maker Towers at Cuffe Parade, where rentals range between Rs 5.5 lakh and Rs 12 lakh a month, are down ...
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US STOCKS-Wall St edges lower as Fed statement looms
Wed Jun 19, 2013 12:59pm EDT * Fed expected to maintain pace of bond purchases * Adobe, FedEx shares rise after results * Dow, S&P off 0.1 pct, Nasdaq off 0.2 pct By Alison Griswold NEW YORK, June 19 (Reuters) - U.S. stocks dipped on Wednesday as investors awaited a Federal Reserve statement that could provide clues about the central bank's future stimulus efforts, a key to the market's ...
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Stock Markets Watch Bernanke
Top officials of the U.S. central bank are discussing how much and how soon to reduce their efforts to speed up economic growth. The chairman of the Federal Reserve will report their decisions Wednesday afternoon at 2:30 p.m. Ben Bernanke has previously said the bank will cut stimulus efforts if the unemployment situation improves further or inflation rises strongly. Stock markets have ...
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Senators seek cost cuts for F-35 fighter jet Pentagon says its priciest program improving
WASHINGTON -- Senators sought cost-cutting opportunities Wednesday in the Pentagon's $400 billion program for the next-generation F-35, a fighter jet with a troubled testing record that military leaders said America couldn't afford not to build. Chairing the hearing, Sen. Dick Durbin lamented that the F-35 already has cost taxpayers billions more than what Congress signed up for more ...
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Grand Forks Herald publisher to retire after 35-year career with Pulitzer-winning newspaper
GRAND FORKS, N.D. -- The publisher of North Dakota's Grand Forks Herald plans to retire next year. Mike Jacobs has been with the newspaper for 35 years and has been publisher since 2004. He was the Herald's editor when the newspaper won a Pulitzer Prize for Public Service for its coverage of the 1997 Red River flood. The Herald reports (http://bit.ly/1bVlH7z ) that he plans to step ...
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Israel decides to export 40 percent of its natural gas remainder for local market
JERUSALEM -- Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than expected. The figure, announced by Prime Minister Benjamin Netanyahu on Wednesday, is lower than the 53 percent recommended by an inter-ministerial committee last year. The remainder should provide Israel with enough gas for 25 years. The ...
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Company submits sampling plan pre-application notification for mine to Wis. DNR
MADISON, Wis. -- A company looking to dig a huge iron mine just south of Lake Superior has filed new papers with the Wisconsin Department of Natural Resources outlining a bulk sampling plan and notifying the agency it plans to seek a mining permit. Gogebic Taconite filed the papers Monday. They include a plan that calls for sampling rock from five sites to assess the quality of the iron ...
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Mortgage settlement monitor says banks still falling short on helping struggling homeowners
WASHINGTON -- A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers. Such delays can plunge borrowers deeper in debt. Joseph A. Smith, the independent monitor of last year's national mortgage settlement, said Wednesday that while the banks are doing a better job ...
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Dolce Gabanna designers convicted of $1.3B tax evasion sentenced to 20 months in jail
My son Maddox gets shot in head during 'World War Z,' says Brad Pitt Adults were left terrified at the end of Brad Pitt’s zombie thriller ...
Fort Worth Digest
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Lack of City Council commitment to streetcar?
Fort Worth looks like it may be a long way off until the city has a proper streetcar system if current commitment to the project by local government is anything to go by.
In July of 2008 the City Council of Fort Worth decided that a modern streetcar system might be beneficial to the rapidly growing city, a solution was needed to urban intra-city mass transportation and plans went into the pipeline, but two years on little progress has been made, it seems instead that the city council lacks the commitment to carry out the necessary work to see a streetcar system come to fruition. Read more
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