Latest Breaking Business News
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Renting better than buying in the Twin Cites
Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet ...
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San Onofre execs in Star Trek parody
Ross Ridenoure (center facing right), chief nuclear officer of the San Onofre nuclear power plant, and workers stood by one of the two new generators that will be installed in the complex. (Charlie Neuman / ...
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Ben Bernanke tells bulls what they want to hear
Ben Bernanke's statement suggests the prospect of an imminent change of policy by the Federal Reserve is unlikely. Photograph: James Berglie/ZUMA ...
More Breaking Business News
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QA with a London derivatives trader | Joris Luyendijk
interviewee who specialised in shares (equity) and who was lamenting the rise of derivatives - financial products such as options, swaps and futures that can be almost infinitely more complex than simple shares. Today's interviewee is one such derivatives ...
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Wal-Mart plans to send automated shopping lists to its mobile app
IDG News Service - Wal-Mart plans to use big data about a customer's usual shopping to automatically create shopping lists for them on its mobile app. That's one of the tools the world's largest retailer plans to use to improve the in-store shopping experience as it looks to mobile-influenced purchases outpacing e-commerce sales, said Gibu Thomas, Wal-Mart's global head of ...
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Wal-Mart Using Big Data to Power Mobile
Wal-Mart wants to tell you what to buy on your mobile device and it's using its massive collection of data to make it a reality. "Our mobile strategy is as simple as it is audacious. We want to make mobile tools that become indispensable for our customers while shopping in our stores and online," said Gibu Thomas, global head of Wal-Mart's mobile division, on Wednesday at the ...
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Tesla Pays Off $465 Million DOE Loan
Tesla has become the first automaker to repay its loan under the Energy Department's Advanced Technology Vehicle Manufacturing program. In a statement issued after the money had been wired, Tesla CEO Elon Musk said, "I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the ATVM program, and particularly the American ...
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DryShips posts another loss expects rates to remain weak
DRYS.O ), a drybulk shipper and offshore contract driller, posted a sixth straight quarterly loss and said it did not expect charter rates to improve this ...
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Midwest gasoline prices expected to cool after spike
(Reuters) - Gasoline prices in the Midwest should fall in the coming days after hitting record highs in several cities last week in the run up to Memorial Day, the traditional start to the summer driving season, traders and industry analysts said on ...
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LyondellBasell Raises Dividend by 25 Approves Share Buybacks
LyondellBasell Industries NV's (LYB) board has raised the plastics and chemicals company's quarterly dividend by 25% and approved the repurchase of up to 10% of its stock over the next 12 months, moves to increase shareholder return.The dividend increase to 50 cents a share will cost the company about $57.5 million more a quarter, based on roughly 575 million shares outstanding as of ...
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Whole Foods says grocer wants to open 40 more stores in Canada
MONTREAL - U.S. grocer Whole Foods Market Inc. says it could open 40 or more stores and tally $1-billion in annual sales in Canada as part of a wider expansion that continues unabated. ';By the time we actually get to the place of being able to open those stores, I expect the market will continue to evolve,'; company co-chief executive John Mackey told reporters at a business ...
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‘Get ready to deal with fear’ CP Rail chief Harrison fires back at union critics over safety concerns
Hunter Harrison, Canadian Pacific Railway Ltd. chief executive, fired back at some of the railway's union leaders Wednesday after they expressed concerns this week that a restructuring underway at the railway may be contributing to several high-profile derailments, including one in Saskatchewan on Tuesday that spilled more than 68,500 litres of crude oil on the ground before it was ...
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Assessing Detour Gold’s $153-million bought deal
There's a lot of wouldas, couldas and shouldas about the $153-million bought deal financing for Detour Gold that came to the market late Tuesday afternoon. That deal, which came a day after the shares hit a recent six-month low, was priced at $8.75 a share, or more than 5% below its then trading price of $9.23. The deal also broke a steady Detour Gold financing strategy: always finance at ...
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Amys Baking Company could face legal nightmare
(MoneyWatch) For those with a taste for reality TV, business or even disaster movies, Amy's Baking Company has become a sight to behold. A disastrous appearance on the show "Kitchen Nightmares" was quickly followed by ...
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Hewlett-Packards Q2 profit falls by $516 million
Hewlett-Packard Co. reported a second quarter profit of $1.1 billion, down $516 million, or 32 percent from the same quarter a year earlier. Palo Alto-based HP (NYSE: HPQ), led by ...
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US stocks fall as market eyes possible Fed retreat
Trader Kevin Lodewick works on the floor of the New York Stock Exchange in this May 2, 2013, file photo. US stocks Wednesday, May 22, 2013, ended lower following a choppy day of trading as the market weighed exit signals on the Federal Reserve’s exceptionally loose monetary policy. AFP PHOTO/RICHARD DREW NEW YORK--US stocks Wednesday ended lower following a choppy day of trading as the ...
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Hewlett-Packard sees profit drop but beats expectations
A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California in this January 16, 2013, file photo. Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook as revenue from services to corporations slightly offset shrinking PC sales in the second quarter ...
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ValueVision has first quarterly profit in seven years
Eden Prairie firm, better known as the TV channel and website ShopNBC, earned $1 million, or 2 cents a share, in the first quarter its first quarterly profit since 2006. "We cut costs and managed carefully," said Bill McGrath, chief financial officer, in an interview Wednesday. The firm reduced several lending agreements to one, and expanded its revolving line of credit to $50 million ...
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San Diego top Memorial Day destination
Expect a busy Memorial Day weekend as millions of Southern Californians hit the road, many of them opting to stay in San Diego, reports the Automobile ...
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Wal-Mart Hires a New Chief Image Maker
The company, the nation's largest retailer, announced on Wednesday that Dan Bartlett, an adviser to President George W. Bush, would be its new executive vice president of corporate affairs, starting in late ...
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Jennifer Lopez to open cellphone stores
NEW YORK - "Jenny from the Block" wants the block to buy Verizon phones from her.Singer and actress Jennifer Lopez says she's opening a chain of cellphone stores and a website under the Viva Mobil brand. The aim is to sell Verizon phones and services to Latinos.The first store will open in New York on June 15. Lopez says the stores will have bilingual staff and provide a ...
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Confusion Ruled the Day at Microsofts Xbox One Reveal Event
In today's business world, disruption is a constant force that never lets up. At the annual WIRED Business Conference: Disruptive by Design, we celebrate the creative power of bold new ideas and the people that make them happen. See the event ...
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Electric carmaker Tesla pays off U.S. loan
Tesla Chief Executive Office Elon Musk speaks at his company's factory in Fremont, California, June 22, 2012, as the car company began delivering its Model S electric ...
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Starbucks veteran Michelle Gass leaving for Kohls
SBUX.O ) executive Michelle Gass, who was instrumental in the world's biggest coffee chain's post-recession U.S. turnaround, is leaving after more than 16 years to become chief customer officer at retailer Kohl's Corp ...
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H-P earnings fall shares rally on beat forecast
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard on Wednesday posted a big drop in earnings for the second fiscal quarter, though the adjusted results beat Wall Street's and sent the stock on an after-hours ...
Israel Focus
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Biggest construction project in Israeli history
The Port of Ashdod is the gateway to the economy of Israel, it has played a central role in the development of the state and will play a central role in future development, hence the reason for an ambitious $500 million expansion project currently underway in two stages (in the picture, green represents stage 1 and brown stage 2).
The Port of Ashdod is currently undergoing the largest construction project ever undertaken in the history of Israel. In 1999, Israel news media reported that the government wanted to double the cargo capacity of Ashdod, an ambitious construction project was therefore envisioned, involving the building of new piers, new docks, warehouses and cargo handling equipment. It was to take place in two stages, with the total project costing around $500 million. Read more
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