New Year's Celebration: Luxury Dubai Hotel Inferno
2015-12-31 20:57:03 UTC
Fire engulfed a 63-storey skyscraper in downtown Dubai near the world's tallest building on Thursday night, but the block was successfully evacuated and there were only light injuries, the emirate's police chief said.
Tongues of flame shot skywards from one side of the luxury downtown address ...
Zuckerberg and wife to give 99 percent of shares to charity
2015-12-02 08:20:06 UTC
Facebook's Mark Zuckerberg and his wife to give 99 percent of shares to charity.
In an unprecedented philanthropic gesture for their generation, Facebook’s Mark Zuckerberg and his wife Priscilla, celebrated the birth of their daughter with the announcement that they will give $45 billion durin...
Poll: Fall fashion consumers overwhelmingly want to go shopping in the stores
2015-11-02 07:52:28 UTC
Poll: Fall fashion consumers overwhelmingly want to go shopping in the store.
Shopping for fall fashion has several common threads among American consumers, according to a new poll—the strongest of which is an overwhelming preference for in-store purchasing.
The Ipsos poll of more than 3,...
Donald Trump: Most good business negotiators were "vicious, horrible, miserable human beings"
2015-08-28 07:09:07 UTC
Donald Trump had to do a bit of damage control on Thursday after repeatedly dropping Carl Icahn's name in a campaign speech and then saying most good business negotiators were "vicious, horrible, miserable human beings."
Icahn, the billionaire investor, called Trump, the real estate mogul turn...
Why is Tony Blair so unpopular?
2015-08-11 19:58:11 UTC
<h5><i>President George W Bush giving Tony Blair the presidential medal of freedom in the White House in 2009.<hr></h5></i>Tony Blair won the British general election in May 1997, with a landslide victory against the discredited Conservative government, won again with a landslide in 2001, and won...
Facebook earns 51 percent of ad revenue overseas
2015-06-09 21:02:14 UTC
Exclusive (Reuters) - Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company executives told Reuters.
While Facebook has rep...
Tech leaders gather to mourn Dave Goldberg as the great connector
2015-05-06 03:47:12 UTC
PALO ALTO, Calif. — Long after the crowd gathered for Dave Goldberg's memorial service had left the auditorium at Stanford University on Tuesday, one friend of the SurveyMonkey CEO sat in the shade of a pine tree trying to make sense of things.
Goldberg's passing Friday due to an accident whil...
Microsoft targets $20 billion in annual cloud revenue by 2018
2015-04-30 04:05:24 UTC
San Francisco (Reuters) - Microsoft Corp is targeting $20 billion in annual revenue from its cloud-computing businesses by the end of fiscal 2018, Chief Executive Satya Nadella said on Wednesday, signaling a tripling of such revenue in three years.
The world's largest software company is one o...
WikiLeaks Publishes Hacked Sony Documents
2015-04-16 19:59:37 UTC
WikiLeaks has published a searchable database of thousands of emails and documents from Sony Pictures Entertainment that were leaked in late 2014 after the studio was attacked by hackers.
The database is the first time the information, which made up one of the largest and more serious breaches...
European Union to File Antitrust Charges Against Google - The Biggest Competition Battle in Brussels
2015-04-14 20:14:21 UTC
<strong>Brussels - Europe’s antitrust regulator has decided to file formal charges against Google Inc. for violating the bloc’s antitrust laws, stepping up a five-year investigation that is set to become one of the biggest competition battles in Brussels.</strong>
The European Union will accus...
US housing starts total 897,000 in February, versus 1.05 million estimate
2015-03-17 12:58:49 UTC
U.S. housing starts plunged to their lowest level in a year in February likely as harsh weather kept builders at home, a temporary setback for the housing market recovery.
Groundbreaking tumbled 17 percent to a seasonally adjusted annual pace of 897,000 units, the lowest level since January 20...
Vaccination skeptic offers cash for proof that measles is a virus; Court orders him to pay 100,000 euros
2015-03-13 15:02:11 UTC
Four years ago, a German biologist who thinks the measles are psychosomatic announced on his website that he would pay 100,000 euros ($106,300) to anyone who could prove measles is a virus.
After Stefan Lanka made the offer, a German doctor named David Barden came forward with evidence from se...
Republicans Try To Sabotage U.S. Government
2015-03-10 07:40:17 UTC
In an open letter to Iranian leaders, freshman Senator Tom Cotton and 46 other Republicans said that without congressional approval any deal between Iran and the US would be merely an agreement between President Barack Obama and Iran’s supreme leader, Ayatollah Ali Khamenei.
“The next presiden...
Putin reveals secret Crimea plot
2015-03-09 16:03:37 UTC
Vladimir Putin has admitted for the first time that the plan to annex Crimea was ordered weeks before the referendum on self-determination.
Crimea was formally absorbed into Russia on 18 March, to international condemnation, after unidentified gunmen took over the peninsula.
Mr Putin said o...
Google shares drop on worries over advertising income
2014-04-17 09:23:30 UTC
Shares in Google have dropped 5% despite the technology giant reporting a first-quarter profit rise of 3%.
Profits were $3.45bn, but investors are preoccupied by Google's inability to maintain advertising prices.
A widely watched measure, the average "cost per click", was down 9% from a yea...
S&P 500 index logs its best week of the year
2014-02-16 05:36:57 UTC
NEW YORK (AP) — The stock market closed out its best week of the year on Friday as investors focused on company earnings and brushed off another weak economic report.
Campbell Soup climbed after reporting earnings that beat the estimates of Wall Street analysts. Cliffs Natural Resources, a...
Feds let banks and marijuana sellers do business
2014-02-15 07:21:02 UTC
WASHINGTON (AP) — The Obama administration on Friday gave banks a road map for conducting transactions with legal marijuana sellers so these new businesses can stash away savings, make payroll and pay taxes like any other enterprise. It's not clear banks will get on board.
Guidance issued ...
At 20 years, NAFTA didn't close Mexico wage gap
2013-12-31 10:04:18 UTC
MEXICO CITY (AP) — Looking around a Mexico dotted by Starbucks, Wal-Mart and Krispy Kreme outlets, it's hard to remember the country before the North American Free Trade Agreement, which has dramatically expanded consumer choice and trade since it took effect 20 years ago on Jan. 1.
While it c...
Apple reaches deal to bring iPhone to China Mobile
2013-12-23 09:54:53 UTC
BEIJING (AP) — Apple and China Mobile announced a long-anticipated agreement Monday to bring the iPhone to the world's biggest phone company.
The deal might help to boost iPhone sales in a market where Apple Inc. faces intense competition. The iPhone already is available in China through two s...
Online shopping popular, but won't save season
2013-12-22 21:59:41 UTC
ATLANTA (AP) — More Americans are deciding to shop online this holiday season instead of heading to crowded stores.
But that alone won't save what is turning out to be a ho-hum Christmas for department stores and clothing chains.
Online sales have surged 9 percent so far this holiday season...
Cyber Monday draws $1.74B billion holiday dollars
2013-12-03 23:38:53 UTC
NEW YORK (AP) — Cyber Monday is still on top.
Retailers from Wal-Mart Stores to Amazon started rolling out "Cyber" deals at the beginning of November, and kept them going on Thanksgiving and Black Friday. That led some to wonder if earlier sales would put a dent in Cyber Monday sales. The date...
Record crowds over weekend, but spending declined
2013-12-02 07:36:21 UTC
NEW YORK (AP) — Retailers got Americans into stores during the start to the holiday shopping season. Now, they'll need to figure out how to get them to actually shop.
Target, Macy's and other retailers offered holiday discounts in early November and opened stores on Thanksgiving Day. It was an...
Americans kick off 2-day holiday shopping marathon
2013-11-29 17:57:42 UTC
The holiday shopping season started as a marathon, not a sprint.
More than a dozen major retailers from Target to Toys R Us opened for 24 hours or more on Thanksgiving Day through Black Friday, the traditional start to the holiday shopping period. As a result, crowds formed early and often thr...
Shoppers head out for Black Thursday
2013-11-29 07:32:24 UTC
Black Thursday officially took over.
The holiday shopping season kicked off much earlier this year, as at least a dozen national retail chains from Macy's to Gap to Target opened their stores on Thanksgiving Day. The holiday openings came despite planned protests from workers' rights groups th...
Suashish Diamond's 2Q Sales +9%, Profit Surges
2013-11-21 20:08:51 UTC
Suashish Diamonds Ltd. reported that its standalone sales rose 9 percent year on year to $28.5 million (INR 1.8 billion) during the second quarter that ended on September 30. Expenses grew 11 percent to $30.2 million (INR 1.9 billion) during the quarter. The diamond and jewelry manufacturer repor...