Source Match Business News
US Airways plane makes unusual belly landing at Newark airport
Union leads march in Rome calling for job creation
Switzerland close to deal in U.S. tax dispute: finance minister
ZURICH (Reuters) - Switzerland is on the brink of a deal to
settle a long-running dispute with U.S. authorities over Swiss
banks accused of helping wealthy Americans evade billions of
dollars of tax, the finance minister said on Saturday. "We hope
that we will shortly be at the finishing line," Eveline
Widmer-Schlumpf told Swiss radio in an interview. "The banks won't
get it for nothing." Widmer-Schlumpf declined to say how high fines
might be, but added: "It is clear that it will not be a pleasant
solution. ...
Politics, bribery charges swirl around Ugandan oil
KAMPALA, Uganda (AP) — Even before the first drops flow,
Uganda's oil sector is beset by bribery allegations against
officials, tax-related cases abroad that cost the government
millions in legal fees, and the alleged interference of a president
whose firm control of the sector worries transparency
campaigners.
New Xbox more than a game console for Microsoft
By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters)
- Microsoft Corp is set to make a splash this week with the eagerly
awaited unveiling of its new Xbox game console, eight years after
the last version, as it seeks a larger share of the $65 billion a
year global computer gaming industry. But the small device faces
some big competition from the PlayStation 4 by Sony Corp and the
Wii U by Nintendo Co Ltd in a shifting market. ...
Google's wearable Glass gadget: cool or creepy?
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google staged
four discussions expounding on the finer points of its "Glass"
wearable computer during this week's developer conference. Missing
from the agenda, however, was a session on etiquette when using the
recording-capable gadget, which some attendees faithfully wore
everywhere - including to the crowded bathrooms. Google Glass, a
cross between a mobile computer and eyeglasses that can both record
video and surf the Internet, is now available to a select few but
is already among the year's most buzz-worthy new gadgets. ...
LATAM Airlines to resume Argentina flights later Saturday
Bernanke upbeat on innovation outlook in commencement address
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke
painted an upbeat picture on Saturday for the potential of
innovation to lift living standards, delivering a sweeping look at
the last 100 years that included memories of his 1963 South
Carolina home. Bernanke made no reference to monetary policy or the
immediate outlook for the U.S. economy in prepared remarks to
graduates of Bard College at Simon's Rock, Massachusetts. But the
die-hard baseball fan did manage to work in a reference to one of
the sport's greats. ...
Alpine in talks with FCC on financing: CEO
Wall Street Week Ahead: Correction talk gets old as rally sails along
By Angela Moon NEW YORK (Reuters) - With the broad S&P 500
Index gliding once again into uncharted territory and posting four
straight weeks of gains, the talk of Wall Street's rally inevitably
hitting a ceiling is starting to get old. Concerns about a
technical correction have been a hot topic for weeks, especially as
the rally accelerated in May - the S&P 500 is up 4.4 percent so
far this month and up nearly 17 percent for the year. But as the
three major U.S. stock indexes inch higher and higher to set record
after record, many analysts are shrugging off the pullback worries.
...
China April housing inflation quickens to two year high
By Xiaoyi Shao and Michael Martina BEIJING (Reuters) - China's
housing inflation accelerated to its fastest pace in April in two
years, driven by a jump in prices in Beijing and Shanghai,
complicating the task of policymakers trying to cool the property
sector while supporting economic expansion. Average new home prices
rose 4.9 percent last month from a year ago, after a year-on-year
increase of 3.6 percent in March, according to Reuters calculations
from data released by the National Bureau of Statistics(NBS) on
Saturday. The rise was the sharpest since April 2011. ...
Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations
By Daniel Bases NEW YORK (Reuters) - Europe's top trade
official for the first time late on Friday officially cited Chinese
mobile telecommunications equipment makers Huawei and ZTE Corp for
violating anti-dumping and anti-subsidy guidelines. European Union
Trade Commissioner Karel De Gucht said he was prepared to launch a
formal investigation into anti-competitive behavior by these
Chinese companies in order to protect a "strategic" sector of
Europe's economy. ...
Glance: Europe's Key Institutions
Report: Yahoo nearing $1.1B acquisition of Tumblr
Photos: Frank Lloyd Wright Homes For Sale
Martha Stewart Case Judge Ruling Favors JCP
Couple Finds $100,000 in Safe Deposit Box
3 Indicted for Millions of Fake Marlboros
Men Charged for Millions of Fake Marlboros
Holy Grail of Books Could Fetch $30M
Holy Grail of Rare Books, Hymnal Could Fetch $30M
McDonald's Apologizes for Sad Big Mac Ad
Retail Sales Fall, Sending Stocks Down
Photos: Rock Icon's Former Home on Sale