July 19, 2013
Google and Microsoft earnings disappoint
Two of the world's biggest technology companies, Google and Microsoft, have badly missed earnings expectations for the second quarter. Google reported profits of $9.7bn (£6.4bn), up 16% from a year ago but less than analysts were expecting.…
July 19, 2013
Tax cut for shale gas firms planned
The government has outlined plans to give tax breaks to companies involved in the UK's nascent shale gas industry. It has proposed cutting the tax on some of the income generated from producing shale gas - found in underground shale rock formations…
July 19, 2013
Dell delays vote on buyout by founder Michael Dell
Dell has announced an eleventh-hour delay on a vote on founder Michael Dell's plan to buy the computer maker. Thursday's vote at a shareholders' meeting at Dell's Texas headquarters has been put back until next Wednesday so the board can drum up…
July 19, 2013
US Stocks Hit Record Highs, Jobless Claims Decline
U.S. stock indexes (Dow and the S&P 500) hit new record highs by midday trading Thursday after some strong corporate earning reports, encouraging data on the job market, and reassurances from the head of the U.S. central bank. Thursday's report…
July 8, 2013
Positive US jobs numbers add to rate rise speculation
The US economy added a net 195,000 new jobs in June, official figures show. The figure was well above economists' expectations of 165,000. Revisions to data for April and May added a further 70,000 jobs to previous estimates. The jobless rate…
July 8, 2013
Banks line up to take part in Lloyds share sale
Top banks are putting their submissions to the Treasury to run a potential £20bn sale of the nationalised part of Lloyds Bank. Banks have until Monday to make their pitch to handle the sell-off of the government's 39% holding in Lloyds, with the…
July 7, 2013
Target founder Douglas Dayton dies at 88
Douglas Dayton began the remaking of his family’s company and helped reinvent American retailing when he launched the first Targetstores in 1962. The former Dayton’s Department Store executive and Twin Cities philanthropist died Saturday at the age…
June 30, 2013
Region urged to reduce deficits
Caribbean Community (CARICOM) governments have been told there must be sustained economic diversification if they are to successfully reduce their fiscal deficits. Barbados Prime Minister Freundel Stuart gave the advice as he addressed the opening…
June 30, 2013
Blackberry shares plunge after $84m first-quarter loss
Shares in smartphone maker Blackberry have dived after it reported an $84m (£55m) loss for the three months to 1 June. The figure was better than the $518m loss for the same period last year, but much worse than analysts' forecasts. The company,…
June 30, 2013
Facebook removes ads from controversial pages to avoid boycot
Facebook has announced a major revamp of its advertising systems in an attempt to deal with concerns about offensive content. There will now be new restrictions on where adverts appear on the site. Marks and Spencer and BSkyB were among companies to…