Tuesday's Top 100 Business News & Stories
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In late May, Apothecary editors received an email from Matt DeCample, communications director and spokesman for Arkansas Governor Mike Beebe. Apparently DeCample was none-too-pleased with our reporting, or what he calls “political activi...
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Paper is not where you want to be
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Annual house price inflation hit 10.5% in May, the highest rate for four years, according to the Office for National Statistics.
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Rolling business and financial news, with the latest inflation data showing that prices rose faster than expected last month. Mark Carney testifying at parliament - highlights start here FPC: Tendency of markets to ignore geopolitical ri...
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The main upward effects on CPI inflation, the rate targeted by the BoE, came from clothing and footwear, where prices rose between May and June this year Continue reading...
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If Mars is mysterious, Venus is truly scary. Long called Earth’s twin, it’s only four months away via unmanned probe but lies nearly 80 percent of the distance from the Sun as Earth. With surface pressures and temperatures high enough to...
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UK consumer price inflation rose to 1.9% in June from 1.5% in May, driven by price rises in women's clothing and air fares, official figures show.
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Specialty chemicals company Albemarle buying Rockwood in cash-and-stock deal valued at $6.2B
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Staples said it will end a program with the U.S. Postal Service to set up mini-post offices in the company's retail outlets.
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Observing that Indian manufacturers may face challenges in planning ahead, the report said these auto-makers will have to rely on and consistently review their demand driven forecasts (DDF) to analyse and estimate future demand.
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Barclays says James Henderson could spring five surprises at August results meeting Continue reading...
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New Delhi District Consumer Disputes Redressal Forum asked Parsvnath Developers to pay Rs 13,10,615 to Telexcell Information Systems Ltd and said it was a case of deficiency and unfair trade practices.
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Functionality aside, Google's head-worn gadget, Google Glass, may be in need of a fashion overhaul sooner than later.
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Google is developing a smart contact lens, with pharmaceutical giant Novartis, to help patients manage diabetes - in one of a number of moves focused squarely on the billions of dollars of total potential revenue in the digital healthcar...
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Wealth manager Brewin Dolphin shows that investors would be better off avoiding IPOs and picks 4 stocks that should do well from asset sales.
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India targets $10.5bn privatisation revenues in the current fiscal year.
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Malls are becoming relics, reminders of a time when we shopped on foot. How are beacons and augmented reality changing retail?
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Specially-designed abodes for intense desert, rainforest and polar living.
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A new report from libertarian think tank Heartland Institute claims that new government data debunks the concept of global climate change. However, an examination of the full data and some critical consideration shows that the organizati...
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Glenmark Generics Inc USA, the subsidiary of Glenmark Generics Ltd, has been granted final approval from the United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Fluocinonide cream USP (0...
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The creation of the new production line, for a vehicle the automaker hopes will reverse slumping sales, was a factor in an acrimonious unionization vote.
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Specialty chemicals company Albemarle is buying counterpart Rockwood Holdings Inc. in a cash-and-stock deal valued at about $6.2 billion.
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Consumer prices in the UK rose much more sharply than expected in June - what are the implications for the Bank of England?
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Software maker to cut jobs as it looks to integrate Nokia Oyj’s handset unit, Bloomberg reports
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The deal, announced Monday, will settle a federal investigation into the mortgage securities the bank sold in the run-up to the financial crisis, averting a lawsuit that would have proved costly for both sides.
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The U.S. Justice Department is investigating possible pricing coordination among music publishing companies, the Wall Street Journal reported.
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While science may be the motivating force behind climate activism, the movement will be likely led by major corporations that are attaching their brands and their revenues to environmental progress. The race is on, now that dozens of pub...
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FARNBOROUGH England (Reuters) - GE Aviation Chief Executive David Joyce said the engine manufacturer expected to achieve its Farnborough Airshow target of $30 billion of orders and commitments by the end of Tuesday.
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AbbVie has succeeded in winning tentative approval to buy the Irish drug maker Shire, and Mylan Laboratories said it would acquire the international generic drug business from Abbott Laboratories.
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Central bank keeps policy steady, as widely expected
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Another company is moving its headquarters to Europe, in part to pay lower taxes. This time, it’s led by the daughter of a United States senator.
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FARNBOROUGH England (Reuters) - U.S. military officials have approved a limited flight clearance for the Lockheed Martin Corp F-35 fighter jets that mandates engine inspections and certain flight restrictions, while an investigation cont...
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Listen to the fourth episode of the Business Reporter podcast for the latest business news, exclusive interviews, and a look at the week ahead. This week we speak to David Noble, CEO at the Chartered Institute of Procurement and Supply a...
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Sujana Towers board of directors approved the resolution to issue 1,09,26,052 equity shares of Rs 10 each at an issue price of Rs 27.50 per share to promoters, in compliance with the terms and conditions of corporate debt restructuring C...
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Musicians looking for others to play with have a slick new tool to avoid the Craigslist chaos. Music is a highly collaborative creative enterprise, but musicians looking for gigs, sessions, or bands--and vice versa--still typically rely ...
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FARNBOROUGH England (Reuters) - Boeing announced a 26-plane deal with lessor Air Lease Corp on Tuesday including six of the wide-body 777-300ER model and 20 of the smaller 737 MAX 8.
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Inflation surges to a five-month high last month and house prices continued to accelerate, prompting financial markets to increase bets on an early Bank of England rate rise
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Cable TV and Madison Avenue appear to have lost that loving feeling. Upfront ad dollars targeted to cable TV appear headed for a decline for the 2014-15 season, cable groups...
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The financial regulator called for a limit on interest and fees including that the cost of any loan would not exceed the amount borrowed.
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It's been so long since we faced high inflation that we might not recognize inflation risk, even if it looms ahead
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The energy-efficient Flare features contoured fins that keep heat from dissippating into the air
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Yahoo! Researchers have developed a kind of mapping algorithm to tell pedestrians the most charming routes to walk in London and Boston
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In the photographs, Lester Wisbrod is a constant: He always appears on the right, with a big smile and a satisfied look about him. On the left, a cavalcade of famous faces flashes by: Clint Eastwood, Jennifer Aniston, Charlton Heston, Re...
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Both Dropbox and Box are well known for having started with a consumer file sharing application and making the painful move into the enterprise. Box is obviously further along with this shift than is Dropbox, but both companies see the a...
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There's a famous saying that half of the money spent on advertising is wasted, but the trouble is figuring out which half. In theory, the internet solved that problem by allowing marketers to see exactly which of their ads generate click...
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MSI, which is launching the limited edition Ertiga to mark the milestone of 150,000 unit sales in the Indian market, said it would be shortly available in petrol, CNG and diesel variants.
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Strains at Pimco persist more than six months after the abrupt resignation of Mohamed El-Erian, the Wall Street Journal reports.
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Bigger-than-expected rise in the consumer price index to 1.9% fuels expectations that the Bank of England will start raising interest rates sooner rather than later Continue reading...
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People using payday lenders in the UK are to see the cost of borrowing fall significantly under a crackdown announced by the financial regulator today.
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NEW DELHI: German carmaker Volkswagen AG plans to spend 15 billion rupees ($250 million) in India over the next five to six years, a senior company executive told reporters on Tuesday.
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Babak Parvis also made Google's diabetes-detecting contact lens, but we're unlikely to find out what he's up to at Amazon any time soon.
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SAN FRANCISCO: Google Inc's Nest Labs on Tuesday unveiled an industry group to encourage makers of smart home gadgets like locks and light bulbs to use Thread, a new standard for devices to communicate on a network.
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The Nationwide UK (Ireland)/ ESRI Savings Index, which measures overall sentiment towards saving, decreased to 95 in June, a seven-point decrease versus the previous month.
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BEIJING: Chinese banks lent a much stronger-than expected 1.08 trillion yuan ($173.9 billion) worth of new yuan loans in June as Beijing steps up efforts to stimulate the world's second-largest economy.
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Markets surged in late trades to snap five-day losing streak led by bank shares
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The Stock Exchange of Thailand main index dropped 4.70 points, or 0.31%, to close at 1,524.53 points today.
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With its "mobile-first, cloud-first world" concept, Microsoft aims to reinvent productivity to empower every person and organisation on the planet, company's CEO Satya Nadella said on Monday.
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I was wrong about quantitative easing. Back in 2009 when the Federal Reserve began its operation of creating new money to buy government bonds and mortgage-backed securities, I worried that the unconventional measure would lead to excess...
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Investors in Germany remain skeptical on the prospects for the eurozone's biggest economy. The influential ZEW index fell to 27.1 Points in July, the seventh drop in a row.
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In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
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The BRICS group of emerging market nations is confident a global trade reform pact will be implemented despite concerns by India over its food security, Brazil’s trade minister said on Monday. “We are confident that the Bali ...
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SHANGHAI will keep improving fundraising services for small and micro businesses and supporting development of Internet finance as part of an effort to build an inclusive financial system, a senior city
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Despite the increasing hyper-partisanship over the once politically neutral topic of national security, Mieke Eoyang contends there are still analysts and lawmakers out there who want to engage in pragmatic discussions about the country’...
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TMALL said today it has upgraded the international section on its website as the business-to-consumer (B2C) unit under e-commerce giant Alibaba Group aims to bring more overseas products to Chinese buyers.
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China seems determined to push growth higher, with government spending and bank lending both up substantially compared to a year earlier. Foreign direct investment into China increased as well.
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MORE Chinese employers will expand recruitment in the third quarter, and demand for junior workers outpaced that for middle-level management, online recruitment portal 51job.com said today. The website
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A barrier-free market -- coupled with removal of controls, licensing system, intermediaries and state-imposed levies on farm commodities -- will benefit both sellers and buyers.
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Brightstar, a wireless products and services distributor, will bring the latest mobile devices and accessories from top manufacturers for distribution in India through Beetel's network platform.
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Joint fund could be operational by 2015 if negotiations are successful
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CHINA Telecom launched 4G phones and services today in 16 mainland cities including Shanghai, which made the city have 4G networks built by all three major carriers, the carrier said. China Telecom offered
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SHANGHAI stocks advanced for a third straight day today after data showed Chinese banks issued more loans last month as the government steps up effort to spur economic growth. The benchmark Shanghai Composite
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He blamed the previous regime for awarding projects without acquiring even 10% of the required land
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SINO-US United Metlife Insurance Co has gained regulatory approval to start operating a sub-branch in Shanghai's pilot free trade zone after two months' preparation. The China Insurance Regulatory Commission
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Interest rate on fixed deposits between 7-179 days has been reduced to 7 per cent from 7.5 per cent, SBI said in a statement.
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The FCA's strong-arming will price a lot of payday lenders out of business.
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E-COMMERCE giant Alibaba Group has entered into a partnership with US studio Lionsgate Entertainment Corp as the company takes a further step into the digital entertainment sector ahead of its initial
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The value of baht should be at a level that reflects the economic fundamentals of the country, rather than being kept low by intervention, Prasarn Trairatvorakul, governor of the Bank of Thailand (BOT), said on Tuesday.
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According to sources, DLF plans to raise further around Rs 3,000-3,500 crore through CMBS route backed by some of its IT- SEZs. The company has office assets of 26-27 million sq ft, of which 12 million sq ft is IT-SEZs.
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Restaurant operator KFC will close its outlets in two of Thailand’s restive southern provinces after determining it couldn’t complete needed renovations.
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Cabinet to consider proposal to sell 5 per cent stake in the state oil firm, says source
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For failing to meet commitments to supply gas for the fourth year in a row
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Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
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Russell Stover has a long history, a large distribution network and loyal U.S. customers — the world's largest chocolate market. Lindt specializes in higher-end brands like Ghirardelli and Lindor.
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About 1.6 million tons of carbon dioxide will be captured annually from a coal-burning power plant near Houston. Then the CO2 will be injected into a nearby oil field to help boost crude production.
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Find out which locations attract buyers most
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Most world markets have gained less, except Indian benchmarks - S&P BSE Sensex and CNX Nifty that moved up around 20% each
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Operating margins declined 171 bps to 13.4% primarily on account of wage increase during the quarter.
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ICICI Bank and SBI up 2.5% each along with ONGC, BHEL, Bajaj Auto were the top gainers.
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Interest rate on fixed deposits between 7-179 days has been reduced to 7 per cent from 7.5 per cent, SBI said in a statement.
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In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
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The leaders of the five emerging market economies are expected to sign a deal on Tuesday that creates the $100 billion bank and a reserves fund of the same size to challenge Western dominance over global finance.
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Babatunde Fashola, governor, Lagos State, has commended Wema Bank Plc for its support to the Lagos State Judiciary Archives and Property Litigation Registry. The project established in memory of Justice Rosaline Omotoso will host a Land ...
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ONGC surged on the back of the news that the government is considering the sale of 5%stake in the company
