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BOJ's Kuroda says pain from bond yield rise is manageable

BOJ Governor Kuroda attends the International Conference on the Future of Asia in Tokyo By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said the country's financial institutions have sufficient buffers against losses they may incur from rises in bond yields, as long as the market moves are driven by prospects of an economic recovery. The central bank will also be vigilant to any signs of overheating of asset prices or excessive risk-taking by financial institutions, the BOJ chief said, adding that there were no signs of that now. ...


North Jersey industrial market sees uptick

While the office market continues to languish in North Jersey, industrial real estate is on a rebound.

Protesters across globe rally against Monsanto

People carry signs during a protest against Monsanto in Montpelier, Vt. on Saturday, May 25, 2013. Marches and rallies against seed giant Monsanto were held across the U.S. and in dozens of other countries Saturday. Protesters say they want to call attention to the dangers posed by genetically modified food and the food giants that produce it. Monsanto Co., based in St. Louis, said Saturday its seeds improve agriculture by helping farmers produce more from their land while conserving resources such as water and energy. (AP Photo/Mark Collier) LOS ANGELES (AP) — Protesters rallied in dozens of cities Saturday as part of a global protest against seed giant Monsanto and the genetically modified food it produces, organizers said.


Rebuilding rules as rain soaks Jersey shore on Memorial Day weekend

Workers dismantle shattered concrete in front of a storm-wrecked house on the beachfront in Manasquan, N.J., Saturday, May 25, 2013. Communities that were hard-hit by Superstorm Sandy, including Manasquan, are hoping for a profitable summer season to help them recover. (AP Photo/Wayne Parry) Saws and sledgehammers joined beer and barbecues — under covered porches — as a fixture of the first Memorial Day weekend at the Jersey shore since Superstorm Sandy roared through.


Blackstone notifies Cohen's SAC it intends to pull money: pension consultant

Hedge fund manager Cohen, founder and chairman of SAC Capital Advisors, listens to a question during an interview at the SALT Conference in Las Vegas By Matthew Goldstein (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters. A pension consultant, in a May 21 letter to clients, said Blackstone has notified Cohen that it intends to "fully redeem" a significant portion of the roughly $550 million the investment firm has invested with the $15 billion hedge fund. ...


Automaker Tesla takes fight to North Carolina

RALEIGH, N.C. (AP) — Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling directly to consumers online.

Vintage Apple computer auctioned off for $668,000

BERLIN (AP) — An auctioneer says one of Apple's first computers — a functioning 1976 model — has been sold for a record 516,000 euros ($668,000).

Obamacare Will Bring Drug Industry $35 Billion In Profits

Despite expiring patents on blockbuster drugs and a wave of new regulation from the Affordable Care Act that will cost drug makers, the pharmaceutical industry will reap between “$10 billion and $35 billion in additional profits over the next decade,” a new analysis shows.

Industrial effluents turn into a trap for Antelopes in Rajasthan

Marsh developed by industrial effluent in villages on the border of Jodhpur and Barmer districts of Rajasthan has turned into a trap for antelopes claiming lives of about a dozen endangered chinka...

Alien Planets Could Shed Light on Earth's Climate Future

Alien Planets Could Shed Light on Earth's Climate Future A Comparative Climatology Symposium held at NASA Headquarters on May 7 focused on new approaches to climate research by highlighting the similarities and contrasts between the environments of the rocky worlds Venus, Earth, Mars and Saturn’s smoggy moon Titan. 


Spotted: 1st Evidence of Leopard Eating Chimp

Spotted: 1st Evidence of Leopard Eating Chimp Only rarely have people seen what happens when chimpanzees and leopards come into close quarters in the wilds of Africa. On these occasions, chimpanzees have made loud, fearful calls, or played the aggressor: In one case, chimps even surrounded a leopard den and killed a cub.


Astronaut Packs Crafts for Creative Space Station Trip

Astronaut Packs Crafts for Creative Space Station Trip An American astronaut is about to get seriously crafty in space.


Slow Earthquakes: Slippery Clays at Fault

Slow Earthquakes: Slippery Clays at Fault Slow earthquakes don't kill anyone, but they're certainly suspicious characters. Recent great earthquakes, such as massive temblors in Japan and Chile, were foreshadowed by slow quakes shuffling through the regions in the months before the deadly shaking struck.


UK Beach Quality Plummets

UK Beach Quality Plummets As Memorial Day weekend sees people in the United States celebrating the opening of beach season, data from a European Environment Agency (EEA) report serves as a warning of how wild weather can affect water safety.


Chile's Indians take on world's largest gold miner

In this May 23, 2013 photo, security officers walk away from the entrance of the Barrick Gold Corp's Pascua-Lama facilities, in northern Chile. Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday, May 24, 2013, and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its environmental permit as well as a failure by the company to accurately describe what it had done wrong. (AP Photo/Jorge Saenz) EL CORRAL, Chile (AP) — The Diaguita Indians live in the foothills of the Andes, just downstream from the world's highest gold mine, where for as long as anyone can remember they've drunk straight from the glacier-fed river that irrigates their orchards and vineyards with its clear water.


Chinese premier criticizes EU move on trade measures

Chinese Premier Li Keqiang speaks during a joint news conference with Pakistan's President Asif Ali Zardari at President House in Islamabad SHANGHAI (Reuters) - Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported. The official Xinhua news agency reported late on Friday that Li had told business leaders in Switzerland such measures would "harm others without benefiting oneself". Li is the most senior Chinese official to comment on the troublesome issue so far. ...


Durable goods orders point to factory resilience

By Jason Lange WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday. The data was the latest to show the U.S. economy ...

News Corp to take charge of up to $1.4 billion this quarter

Chairman and CEO of News Corporation Murdoch talks next to Jobs as they take part in a panel discussion titled "Immigration Strategy for the Borderless Economy" at the Milken Institute Global Conference in Beverly Hills, California By Jennifer Saba (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows in the future. The charge will be taken in the quarter ending June 30 and could effectively wipe out News Corp's profit. ...


Lobbying in American-US Airways deal focuses on small cities

A U.S. Airways jet departs Washington's Reagan National Airport next to American Airlines jet outside Washington By Karen Jacobs (Reuters) - US Airways Group and American Airlines , seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told Reuters. The airlines may be required to shed slots Washington's Reagan National Airport to prevent market domination. There is concern that those slots could go to rivals, such as JetBlue Airways , which would likely use them for flights to major cities. ...


Ex-Virginia bank executives guilty in financial crisis case

(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday of conspiracy to commit bank fraud and other charges in connection with a scheme to conceal loan losses that contributed to the bank's collapse in 2011. Edward Woodard, the former chief executive of Bank of the Commonwealth, was found guilty along with two other executives by a federal jury in Norfolk following a multi-week trial, the U.S. Justice Department said. Federal prosecutors are pursuing several cases stemming from the U.S. ...

FDA warns of infections tied to Tennessee pharmacy

WASHINGTON (AP) — Health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy.

Exclusive: In surprise, General Growth eyes New York office tower

Attendees pass by the General Growth Properties booth during the International Council of Shopping Centers convention in Las Vegas By Ilaina Jonas NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail real estate market, according to two sources familiar with the deal. Bids for the 27-story office and retail building at 650 Madison Avenue, one of the toniest shopping and office districts in Manhattan, could exceed $1.3 billion, the sources said. Other bidders include Vornado Realty Trust , one of the sources said. ...


Netflix looks to hook subscribers with 'Arrested'

This undated publicity photo released by Netflix shows David Cross, left, and Portia de Rossi in a scene from "Arrested Development," premiering May 26, 2013 on Netflix. The sitcom, also starring Jason Bateman and Will Arnett, was canceled by Fox in 2006 after three seasons. (AP Photo/Netflix, Sam Urdank) SAN FRANCISCO (AP) — Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will draw more subscribers to its Internet video service.


Delta ups the ante in battle for NY travel market

Passengers wait for their flight in the outdoor patio in the Delta airlines Sky club at terminal 4 at JFK airport, Friday, May 24, 2013 in New York. Delta opened its new $1.4 billion terminal, strengthening its hand in the battle for the lucrative New York travel market. The expanded concourse offers sweeping views of the airport, upscale food and shopping options and increased seating. It replaces a decrepit terminal built by Pan Am in 1960 that was an embarrassing way to welcome millions of visitors to the United States. (AP Photo/Mary Altaffer) NEW YORK (AP) — Delta's formula for winning over New York travelers is simple: floor-to-ceiling windows, abundant power outlets and a burger joint with a cult-like following.


Stocks barely budge; market ends week with loss

FILE - In this Thursday, May 23, 2013, file photo, Trader Donato Cuttone works on the floor of the New York Stock Exchange near the close of trading. Asian shares traded erratically Friday May 24, 2013 but European markets found their footing, a day after global stocks were routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. (AP Photo/Richard Drew, File) NEW YORK (AP) — Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.


Visa, Mastercard ask U.S. court to declare card fees are lawful

An employee stands behind a MasterCard logo during the launch of the international credit card issuer's first ATM transaction in Myanmar, in Yangon By Jessica Dye NEW YORK (Reuters) - Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. The lawsuit seeks to give the card companies legal ammunition against some retailers who are trying to opt out a proposed settlement under which they would receive a share of $7.2 billion in cash and fee discounts from the card companies. ...


Yahoo joins growing list of bidders for Hulu: sources

Yahoo Inc Chief Executive Mayer attends the annual meeting of the World Economic Forum (WEF) in Davos By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said. It is unclear how much the Internet company bid. ...


CRE Events: Industrial Real Estate Summit, Greater Chicago Data Center Summit, New York Multifamily/Apartment Summit

NEW YORK, May 24, 2013 /PRNewswire-iReach/ -- CapRate Events, LLC (CRE), the leading digital media firm specializing in high-quality business-to-business and commercial real estate events is pleased to ...

China Wholesale & Distribution Industry Discussed by BAC in Cutting-Edge Report Now Available at MarketPublishers.com

In 2011, the Chinese wholesale and distribution industry revenues grew by more than RMB 183 billion y-o-y, representing yearly growth rates of above 31%, and overrode RMB 762.3 billion.

Research and Markets: China Forfex And Similar Daily Metal Tool Manufacturing Industry, 2013

Research and Markets has announced the addition of the "China Forfex And Similar Daily Metal Tool Manufacturing

Research and Markets: China Gas Compressor Manufacturing Industry, 2013

Research and Markets has announced the addition of the "China Gas Compressor Manufacturing Industry, 2013" report to t

Alcoa Named Aluminum Industry Leader for 2013

Alcoa was presented with the Industry Leadership Award for Aluminum at the inaugural Platts Global Metals Awards, sponsored by Platts, a leading global provider of energy, petrochemical and metals information.

Research and Markets: China Refrigerant Compressor Industry Report, 2013-2016

Research and Markets has announced the addition of the "China Refrigerant Compressor Industry Report, 2013-201

Research and Markets: Animation Industry in India: Strategies, Trends & Opportunities 2013 - English Speakers, Low ...

Research and Markets has announced the addition of the "Animation Industry in India: Strategies, Trends & Opportun

Zacks Industry Outlook Highlights: Deere & Co., Caterpillar, CNH Global, AGCO and Kubota

Zacks Industry Outlook Highlights: Deere & Co., Caterpillar, CNH Global, AGCO and Kubota

Procter & Gamble brings back A.G. Lafley as CEO

FILE - Procter & Gamble chairman of the board A.G. Lafley speaks at P&G's annual shareholders meeting, in this Oct. 13, 2009 file photo taken in Cincinnati. The Cincinnati company said late Thursday May 23, 2013 that former CEO A.G. Lafley, a 33-year industry veteran, is returning its top post. (AP Photo/Al Behrman, File) NEW YORK (AP) — Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again.


Factory fire crews dampen down

Firefighters remain at the site of a large blaze at a factory in Flintshire where residents were urged to stay indoors due to billowing smoke.

Mexico's Thirst for Natural Gas Continues to Increase, an Industrial Info News Alert

Researched by Industrial Info Resources -- According to data from the U.S. Energy Information Administration , Mexico's natural gas imports of 2.1 billion cubic feet per day in 2012 represented a 21% increase ...

Industrial Gas And Basic Chemical Manufacturing In China Industry Research Report – Now Available From IBISWorld

In the five years through 2013,the Industrial Gas and Basic Chemical Manufacturing industry in Chinahas been growing at an annualized rate of 15.5% to reach $44.5 billion, says IBISWorld. As the industry produces a wide range of chemical raw materials, its performance is largely determined by the activities of downstream manufacturing industries, such as the Iron and Steel Smelting industry

Agra's industrial growth halts, labour migrates

Agra, May 24 (IANS) Industrial growth in the 10,000 sq. km. eco-sensitive Taj Trapezium Zone has come to a halt, forcing large-scale migration of rural labour to urban hubs.

Video: Victim of Bangladesh factory collapse shares story

A teenager who survived the massive Bangladesh factory collapse says she was afraid to go to work the day of the incident. Those who try to improve working conditions face retaliation. Holly Williams reports.

Survivor of Bangladesh factory building collapse speaks out

Teen says she was afraid to go inside on morning of collapse; standing up for workers' rights in Bangladesh can be dangerous

Reporter's notebook: Undercover in a Bangladesh garment factory

Holly Williams explains how a CBS News crew got a personal tour of a factory that owners would likely have never voluntarily showed off to journalists

The Cheesecake Factory to Present at Investment Conferences

The Cheesecake Factory Incorporated today announced three upcoming investment conference presentations. Details regarding the presentations are below.

Ocean Freight Industry EIPP Standards Advisory Board Advances Key Electronic Invoicing Initiatives at Bi-Annual Meeting

The Ocean Freight Industry EIPP Standards Advisory Board , an independent organization of containerized shipping executives, today announced continued progress on several key

The Art and Science of the Diagram: Communicating the Knowledge of the Heavens, the Earth and the Arcane, Final Part

The Art and Science of the Diagram: Communicating the Knowledge of the Heavens, the Earth and the Arcane, Final Part The Art and Science of the Diagram: Communicating the Knowledge of the Heavens, the Earth and the Arcane, Final Part


Rocky Mountain Chocolate Factory, Inc. Reports FY2013 Operating Results

Rocky Mountain Chocolate Factory, Inc. today reported its operating results for the fourth quarter and fiscal year ended February 28, 2013 . The Company franchises/operates gourmet chocolate stores and ...

BiTMICRO® Introduces Ace Drive I-Series SATA SSDs for Industrial Applications

BiTMICRO announced today their newest line of industrial SATA SSDs, the Ace Drive™ I-Series.

China factory activity shrinks for first time in seven months: flash PMI

China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that ...

CBS News goes undercover in a Bangladesh clothing factory

Holly Williams finds unsafe conditions and child workers
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