Business

  • Forevermark Reveals Iconic Image for New Diamond Collection
    Diamond-diaalnews.com 2013-11-21 20:04:12 UTC
    Forevermark developed an iconic image, which will be used in national advertising campaigns in print and online, to target affluent consumers and introduce the Forevermark Exceptional Diamond Collection. The iconic image (pictured) was created...
  • Fight begins over opening up Mexico's oil monopoly
    Trade_war-_mexico_rejects_bid_to_split_nafta 2013-11-18 07:53:27 UTC
    MEXICO CITY (AP) — The fight to revamp Mexico's moribund, state-run oil industry could start as early as this week with a Senate proposal to allow private access to the country's oil, a nationalist symbol that for decades has been fiercely protect...
  • Geithner to join private equity firm
    Geithner-diaalnews.com 2013-11-17 09:34:02 UTC
    Former U.S. Treasury Secretary Timothy Geithner, who played a central role in the government's response to the financial crisis of 2008-2009, is joining private equity firm Warburg Pincus LLC. The firm announced Saturday that Geithner will serv...
  • Retailers take on Silicon Valley
    19aa685582362626430f6a70670070a1 2013-11-15 09:26:46 UTC
    SAN FRANCISCO (AP) — Software engineers wearing jeans and flip flops test the latest smartphone apps. Walls and windows double as whiteboards where ideas are jotted down. And a mini basketball net is in the center of it all. At first glance, th...
  • German trade surplus widens to new record high
    German-economy-diaalnews.com 2013-11-08 07:50:37 UTC
    BERLIN (AP) — Germany's trade surplus widened in September to a record high, as exports rose and imports dropped in a development underlining criticism that Europe's largest economy is relying too heavily on foreign trade. The Federal Statistic...
  • Twitter is powerful, but where are the profits?
    7485aef750014325420f6a70670011ca 2013-11-06 11:21:28 UTC
    NEW YORK (AP) — It can help overthrow dictators. But can it make money? Protesters famously used Twitter to organize during the Arab Spring three years ago. President Barack Obama announced his 2012 re-election victory using the short messaging...
  • China recycling cleanup jolts global industry
    64f84c74517a1e213f0f6a706700f37c 2013-10-03 09:52:13 UTC
    BEIJING (AP) — China for years has welcomed the world's trash, creating a roaring business in recycling and livelihoods for tens of thousands. Now authorities are clamping down on an industry that has helped the rich West dispose of its waste but ...
  • US consumer confidence dips as jobs outlook dims
    Shopping-bags 2013-09-24 19:43:19 UTC
    WASHINGTON (AP) — Americans' confidence in the economy fell slightly in September from August, as many became less optimistic about hiring and pay increases over the next six months. The Conference Board, a New York-based private research group...
  • US retail sales rise slight 0.2 percent in August
    Diaalnews 2013-09-13 18:00:44 UTC
    WASHINGTON (AP) — Americans boosted their spending at retail businesses only modestly in August, indicating that economic growth remains sluggish. Consumers bought more cars, furniture and electronics last month but held back on most other purchas...
  • In Nokia acquisition, Microsoft tries to catch up
    32c44caab2214c1d3c0f6a706700077a 2013-09-04 07:18:43 UTC
    SAN FRANCISCO (AP) — Microsoft's acquisition of Nokia's troubled smartphone business represents a daring $7.2 billion attempt by the software giant and a once-influential cellphone maker to catch up with the mobile computing revolution that threat...
  • Vodafone confirms late-stage talks with Verizon
    Images-4 2013-09-01 22:02:30 UTC
    NEW YORK (AP) — Vodafone says it is in advanced talks to sell its 45 percent stake of Verizon Wireless back to the U.S. cellphone service provider for $130 billion in cash and stock, a deal which would be the second-largest on record if it goes th...
  • Bill Ackman bails out of JC Penney
    Gty_william_ackman_dm_130813_16x9_992 2013-08-26 23:05:44 UTC
    NEW YORK (AP) — J.C. Penney's largest investor and former board member is bailing out. William Ackman of Pershing Square Capital Management is selling his nearly 18 percent stake, or 39.1 million shares, in the struggling retailer, according to...
  • Rockwell Collins buys ARINC for $1.39 billion
    Diaal 2013-08-12 04:45:47 UTC
    CEDAR RAPIDS, Iowa (AP) — Aviation and military electronics maker Rockwell Collins said Sunday it is buying Annapolis, Md.-based ARINC Inc. from the investment firm The Carlyle Group for $1.39 billion. Cedar Rapids-based Rockwell Collins, which...
  • TV blackouts aren't shutting out fans completely
    63f4a8d2b134051a3a0f6a7067004ddb 2013-08-10 07:13:14 UTC
    LOS ANGELES (AP) — A week into the blackout of CBS programming to millions of Time Warner Cable subscribers, viewers are finding workarounds. Nancy Keiter, a graphic designer in New York, plans to watch early rounds of the PGA Championship golf...
  • Carlos Slim bids for Dutch telecom KPN
    Carlos-slim 2013-08-09 06:44:34 UTC
    AMSTERDAM (AP) — America Movil SAB, owned by Mexican billionaire Carlos Slim, says it will launch a bid for the 70 percent of Dutch telecom company Royal KPN NV it doesn't already own. The 2.40 euros per share bid represents a 20 percent premiu...
  • Correction: Washington Post-Bezos story
    9e7f7ca335eca61a390f6a70670047fd 2013-08-08 08:33:56 UTC
    SAN FRANCISCO (AP) — In a story Aug. 6 about the sale of The Washington Post, The Associated Press erroneously spelled the last name of a co-author of "The Innovator's DNA." The correct spelling is Hal Gregersen, not Hal Gregerson. A corrected ...
  • China, Russia halt some NZ dairy imports
    11ef293af4986619390f6a706700bc52 2013-08-05 06:14:27 UTC
    WELLINGTON, New Zealand (AP) — A botulism scare has prompted China and Russia to stop importing some New Zealand dairy products, denting the country's reputation as a supplier of safe, high quality food. New Zealand dairy giant Fonterra announc...
  • Red Sox owner enters $70M deal for Boston Globe
    Diaalnews.com 2013-08-03 15:17:32 UTC
    BOSTON (AP) — Businessman John Henry, the principal owner of the Boston Red Sox, has entered into an agreement to buy The Boston Globe for $70 million, a massive drop from its record $1.1 billion price two decades ago. The impending purchase fr...
  • US consumer spending up 0.5 percent in June
    Diaalnews 2013-08-02 15:41:10 UTC
    WASHINGTON (AP) — Consumers increased their spending in June at the fastest pace in four months even though their income growth slowed. Consumer spending rose 0.5 percent in June compared with May, when spending was up 0.2 percent, the Commerce...
  • Sony swings back to quarterly profit on cheap yen
    Hedge_fund_boss_loeb_lobbies_for_breakup_of_sony 2013-08-01 06:44:17 UTC
    TOKYO (AP) — Sony says it has swung back to profitability in the latest quarter, mainly because of a weak yen. Net income for the April-June period was 3.5 billion yen ($35 million). Earnings also got a boost from improved smartphone and entert...
  • Omnicom, Publicis merge, forming biggest ad firm
    5af35fee3d14de19380f6a706700a6f8 2013-07-28 18:02:36 UTC
    PARIS (AP) — Omnicom Group Inc. and Publicis Groupe SA say they are combining in a "merger of equals" that will create the world's largest advertising firm, one worth more than $30 billion. The combined company will be called Publicis Omnicom G...
  • Hedge fund to operate as it faces US fraud charges
    Edd9b6bde1309a18380f6a7067006ab5 2013-07-26 11:01:11 UTC
    NEW YORK (AP) — A giant hedge fund led by an embattled billionaire pledged to continue normal operations after an indictment accusing it of permitting an environment where extensive insider trading could reap hundreds of millions of dollars in ill...
  • Telefonica to buy Germany's E-Plus from KPN
    606x341_232962_telefonica-looks-to-buy-kpn-germa 2013-07-23 07:21:37 UTC
    BERLIN (AP) — Spain's Telefonica plans to buy German mobile unit E-Plus from Dutch telecommunications company Royal KPN NV for 5 billion euros ($6.58 billion) plus shares, a deal that would create Germany's biggest cellphone operator in terms of c...
  • SEC files charges against hedge fund founder Cohen
    Diaalnews.com- 2013-07-20 13:57:31 UTC
    WASHINGTON (AP) — The Securities and Exchange Commission leveled its most direct shot against billionaire hedge-fund manager Steven A. Cohen on Friday by filing civil charges that accuse him of failing to prevent insider trading. The SEC allege...
  • NYSE operator takes over LIBOR bank rate
    Cb4cee0e8b1ba9092c0f6a706700cf94 2013-07-09 18:51:12 UTC
    LONDON (AP) — The company behind the New York Stock Exchange will take over running and restoring confidence in the scandal-hit London interbank offered rate, or LIBOR, a UK committee has ruled. The independent panel, set up by the UK governmen...