Latest Breaking Business News
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SUV passengers more likely to survive crashes
Passengers in SUVs are now known to be more likely to survive a serious crash. A new study conducted by the University of Buffalo in the US has found the driver of the SUV is as much as 10 times more likely to survive in a head-on collision where a passenger car is involved. While automakers have taken steps to improve safety in normal passenger cars, such as changing bumper designs on ...
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Spain sees rise in surplus
Spain has reported a trade surplus, the first since 1971. With imports slumping due to austerity measures, the first monthly trade surplus for more than 40 years is being seen as a positive development. However, the country is still suffering from an economic downturn with unemployment in Spain now running at 26.7%. The surplus of 634.9 million euros in March reflects a 15% plunge in ...
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Letta says perks will be stopped
Italy's coalition government has promised to abolish some salaries and perks which are handed out to government ministers. A controversial property tax will also be abolished, or frozen, by the new government of Enrico Letta, who has also promised to do away with the double salary received by some parliamentarians. Before the election, it had been mooted by Letta's coalition partners that ...
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Famous artists bring big money at auction
Paintings by Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat smashed all previous auction records at Christie's in New York during the week. In fact, several works by popular artists brought extraordinary prices. The items made $495 million for their owners at the valuable sale of postwar and contemporary art at Christie's. However, a single Andy Warhol Painting of Marilyn ...
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Lower charges expected for Thai 3G users
3G operators in Thailand have all agreed to cut their tariffs. The Thai National Broadcasting and Telecommunications Commission has been pressuring providers to lower all their 2G and 3G tariffs by 15%. The three 3G mobile operators, Advanced Info Service, Total Access Communication and True Move have said they will launch new 3G tariff packages to reflect the request by government. It ...
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Three days after closure Bangladesh factories reopen
DHAKA - Bangladesh has re-opened hundreds of garment factories after just three days of closure following protests over pay and poor work conditions. The Bangladesh Garment Manufacturers and Exporters Association had called for the re-opening on Friday. The shutdown of factories this week was prompted by worker protests over low pay and poor working conditions sparked by the country's ...
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Developing nations set to dominate global investments says World Bank
WASHINGTON - The share of developing countries led by China and India in global investment is expected to triple by 2030 to three-fifths, from one-fifth in 2000, says the latest edition of the World Bank's Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades. Seventeen years from now, ...
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Morrisons signs deal to use Ocado logistics facility
LONDON - Morrisons Supermarkets, one of the major British retail chains, has entered into a 170 million pounds and 25-year agreement with Ocado Group plc ("Ocado"), to acquire its recently opened Dordon Customer Fulfilment Centre (CFC) in the Midlands, and lease it back with commitment to use its logistics and distribution facilities to start grocery deliveries to customers by January ...
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Microsoft warns about rise in computer viruses worldwide
A Microsoft security expert said that computer viruses are on a rise worldwide once again after years of being less popular amongst computer attackers. In a report by Fox news, the security expert Tim Rains said that although viruses were less chosen to attack systems by hackers nowadays as they used other forms of threats, but recently Microsoft security has observed that viruses are on a rise ...
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The Star Tribune 100 This year its a top-heavy list
The Star Tribune 100 is getting thinner at the bottom and heavier up top. The 10 firms at the top of our list of the state’s biggest public companies brought in 79 percent of the revenue generated by the whole index in 2012. Ten years ago, their share was 71 percent. Many factors have combined to thin the ranks of up-and-comers. Going public has become more difficult and costly, ...
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Star Tribune 100 Comings and goings
Deals The biggest additions to the Star Tribune 100 this year are not new companies but acquisitions by some of our biggest companies. The biggest deals last year include: ...
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Best Buy is selling the countrys first 60-watt equivalent LED light bulb for $10
Best Buy is waiting for you. The Richfield-based electronics retailer quietly introduced 40- and 60-watt equivalent LED bulbs late last year for $15 and $18, but a subsidy ...
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Rebalancing is a simple but effective way to manage your money
Q: Is there a preferred way to rebalance a portfolio? My bond funds need an infusion. It seems like it might be good to harvest some of those stock increases by moving money from equity funds to bond funds. Dawn A: Rebalancing a portfolio is a simple but effective money management technique. The essence of investing is uncertainty. For example, I'm an optimist on equities and the ...
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Higher sales hiring and spending signal robust business optimism
For the third consecutive year, most executives at Minnesota's biggest public companies say the next 12 months are going to be strong for sales, hiring and capital investment. Our 22nd annual Star Tribune 100 survey of Minnesota's largest publicly held companies found: o Eighty-six percent of the responding firms expect their 2013 sales to improve from last year's. Another 13.5 ...
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Getting the full picture on annuities and insurance
Life insurance and annuities are supposed to accomplish straightforward goals: life insurance provides for your family if you die unexpectedly and annuities guarantee a steady stream of income in retirement. But right now, both are being promoted for their tax benefits. Money put into these products grows on a tax-deferred basis just as it does in retirement accounts. In the case of annuities, ...
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Motivation is their business at MotivAction of Plymouth
The recession is over. Just ask the folks at MotivAction, which helps companies pump up workforce motivation with incentive programs that drive sales, improve service and make customers happy. MotivAction, which has been in business since 1976, has added 15 new clients in each of the last two years while revenues increased by 17 percent in both 2011 and 2012. "We’re mostly a ...
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Legal Aid fights to close the justice gap for societys most vulnerable
Cathy Haukedahl, a veteran Minnesota deputy attorney general and business lawyer at Felhaber, Larson, Fenlon & Vogt, was a longtime volunteer at Mid-Minnesota Legal Aid before she joined the nonprofit as deputy director in 2002. She was named executive director in 2011. She’s spent a lot of time at the Minnesota Legislature recently, lobbying for more funding for an agency ...
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The skinny on who’s back in NYC
Why slave away at the gym when you can go to Club Fed and melt the pounds away like Danielle Chiesi?The 47-year-old equities analyst, who pleaded guilty to securities fraud in history’s biggest insider-trading case, is back in town, looking fit and trim.The newly svelte Chiesi was transferred to a federal halfway house in the Bronx last week after serving only 15 months at a West Virginia ...
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Fed up with ben
"We don’t have to worry about a recession - we are in a depression," says James Rickards."If you take the classic definition of a sustained, long-term downturn with economic growth below trend, then we are in the midst of a depression," says the senior managing director of Tangent Capital and author of "Currency Wars."Rickards doesn’t see Fed Chairman ...
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AF takes hit on fat
is a rude man. But is he simply rude and crude, or is he rude and shrewd?The 69-year-old preppy clothier last week shrugged off an old quote he gave to Salon.com."Candidly, we go after the cool kids," he told the blog in 2006. "A lot of people don’t belong [in our clothes], and they can’t belong. Are we exclusionary? Absolutely."Jeffries said the quote, which ...
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Big Apple is hard on small startups
"If you can make it here . . ."That’s the refrain of small businesses trying to make a go of it in the Big Apple.But according to recent polls looking at entrepreneurship, there are many huge hurdles facing small startups, starting with a state and local tax rate of almost 16 percent, compared with the US average of 6.8 percent."While sales in New York are higher than in ...
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FreedomFest returning to Alcoa
While the city's recession-strapped budget dictated that city leaders cancel the event several years ago, a new partnership with Alcoa, Inc., is helping bring it back for its 32nd year, according to a city of Alcoa news ...
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An Independent Scotland More Vulnerable to Financial Shocks - UK Treasury
An independent Scotland would have an exceptionally large banking sector, compared with the size of the rest of its economy, making it vulnerable to financial shocks and putting Scottish taxpayers at significant risk in the event of the country being hit by another banking crisis, the U.K. Treasury said Sunday.In an analysis paper, the third in a series the U.K. government is releasing ahead of ...
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Video Final countdown to record Powerball jackpot
Excitement is growing as the drawing nears for the record-setting Powerball jackpot. Carter Evans reports from California, the latest player to join the multi-state lottery, where residents are buying up 10,000 tickets every ...
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Hamish McRae Share price increase shows Lloyds Bank is healing – but only just
One of the country's most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006 at the British Press ...
Nebraska Featured
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Nebraska residents wary of crude oil pipeline
The Keystone pipeline is highly controversial because it has the potential to provide major benefits to the US and Nebraskan economy, while also posing as a potentially devastating risk, while state leaders recently conceded they have little say in whether it is built in the state.
The Keystone pipeline is a massive 2,100 mile long crude oil pipeline that has been under construction for several years and is intended to transport crude oil from Alberta, Canada to Illinois and Oklahoma, as well as the Gulf Coast. It will pass through the state of Nebraska as part of a 291-mile expansion to provide Cushing in Oklahoma with crude oil. Cushing is a major regional oil hub. Read more
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