• Proposal for second US LNG export terminal gets nod

  WASHINGTON - The Energy Department Friday gave a conditional nod authorizing Freeport LNG Expansion, L.P. and FLNG Liquefaction, LLC (Freeport) to set up a second facility for export of domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States. The approval means that gas-hungry markets like Japan and India could start ...

• Nippon Airways reports minor incident on modified Dreamliner

  TOKYO - Japan's All Nippon Airways said Friday a modified Dreamliner had suffered a "minor" setback while conducting a test flight of an aircraft this month, but assured it was not due to overheating of lithium batteries. All Nippon Airways, the Japanese airline that is the largest operator of Boeing's beleaguered Dreamliner, said an electric distribution panel overheated and blackened during ...

• Bangladesh garment factories reopen within days of shutdown

  DHAKA - Bangladesh has re-opened hundreds of garment factories after just three days of closure following protests over pay and poor work conditions. The Bangladesh Garment Manufacturers and Exporters Association had called for the re-opening on Friday. The shutdown of factories this week was prompted by worker protests over low pay and poor working conditions sparked by the country's ...

• Share of developing nations in investments set to triple by 2030

  WASHINGTON - The share of developing countries led by China and India in global investment is expected to triple by 2030 to three-fifths, from one-fifth in 2000, says the latest edition of the World Bank's Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades. Seventeen years from now, ...

• Ocado enters sale and lease back deal with Morrisons for Dordon facility

  LONDON - Morrisons Supermarkets, one of the major British retail chains, has entered into a 170 million pounds and 25-year agreement with Ocado Group plc ("Ocado"), to acquire its recently opened Dordon Customer Fulfilment Centre (CFC) in the Midlands, and lease it back with commitment to use its logistics and distribution facilities to start grocery deliveries to customers by January ...

• Microsoft warns about rise in computer viruses worldwide

  A Microsoft security expert said that computer viruses are on a rise worldwide once again after years of being less popular amongst computer attackers. In a report by Fox news, the security expert Tim Rains said that although viruses were less chosen to attack systems by hackers nowadays as they used other forms of threats, but recently Microsoft security has observed that viruses are on a rise ...

• FreedomFest returning to Alcoa

  While the city's recession-strapped budget dictated that city leaders cancel the event several years ago, a new partnership with Alcoa, Inc., is helping bring it back for its 32nd year, according to a city of Alcoa news ...

• An Independent Scotland More Vulnerable to Financial Shocks - UK Treasury

  An independent Scotland would have an exceptionally large banking sector, compared with the size of the rest of its economy, making it vulnerable to financial shocks and putting Scottish taxpayers at significant risk in the event of the country being hit by another banking crisis, the U.K. Treasury said Sunday.In an analysis paper, the third in a series the U.K. government is releasing ahead of ...

• Video Final countdown to record Powerball jackpot

  Excitement is growing as the drawing nears for the record-setting Powerball jackpot. Carter Evans reports from California, the latest player to join the multi-state lottery, where residents are buying up 10,000 tickets every ...

• Hamish McRae Share price increase shows Lloyds Bank is healing – but only just

  One of the country's most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006 at the British Press ...

• One tax law for us and another for Amazon | Nick Cohen

  On the edge of Rugeley stands Amazon's largest distribution centre in Britain. Life for the workers who trudge around the 800,000 sq ft warehouse is not as bad as it was for the men who once worked in the pits of the Staffordshire coalfield, but that is not saying much. They must carry satnavs, which direct their movements round the stacks and flash warnings from managers to stop dawdling ...

• UK exporters whistle up success in a thriving new market America

  When the New York Philharmonic needed cuckoo and nightingale sounds for a performance of Haydn's Toy Symphony, it was a whistle factory in Birmingham that took the call.Acme Whistles dispatched the various bird call whistles from its factory in Birmingham's jewellery quarter. It was one of the more unusual deliveries from what has become a multimillion-pound US order book for the ...

• If everyone knew the oil market was open to rigging why did no one act

  petrol companies a clean bill of health after a cursory examination barely four months ago, the competition authorities in Brussels have just knocked down the corporate doors in their first move on alleged market ...

• Should John Humphrys have won an award for savaging his own boss

  BBC mandarin too mighty to escape a Humphing good towsing. You don't get much more independent and award-worthy than that.Which is what the judges obviously thought. Any alternative? Just, perhaps, that it's slightly odd to bestow such accolades for unseating a boss who hadn't done anything much wrong except fail to get a grip on swift-moving events in his earliest weeks in office ...

• Amazons tax arrangements are nothing short of a work of art. Bravo

  Amazon has come in for plenty of stick for paying so little tax in the UK. But its actions display such impish wit that it's hard not to revel in the majesty of a terrible thing well ...

• Three reasons why the US got itself out of an economic mess

  America's economic structure, its leaders' ability to make rapid political decisions and cultural memories of the Great Depression have been the engine of its ...

• Fury at corporate tax avoidance leads to call for a global response

  Anger over the financial affairs of multinationals such as Google, Amazon and Starbucks is gathering momentum in Westminster. Now the UK is poised to lead the debate about international tax reform at next month's G8 ...

• Android has become a hedge against Microsoft and Windows

  (Credit: Hewlett-Packard) Hewlett-Packard rolled out another Android device this week. This could become a pattern as PC makers hedge against a world that's less about Microsoft and more about Google. On Tuesday, the largest PC maker in the world -- a dubious distinction these days ...

• UPDATE 1-US judge revives Dexias mortgage lawsuit vs JPMorgan

  May 17 (Reuters) - A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase & Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion of troubled mortgage ...

• Business Board seeks to sweeten coffee farmers earnings

  Coffee stakeholders are working on strategies to enhance the industry competitiveness by expanding the market share locally and internationally. The key strategy involves merging of primary coffee societies into giant cooperative institutions, ...

• Tech fair broadens and brightens seniors world

  The 72-year-old Chula Vista resident will soon be able to see her grandchildren in Ohio on a daily basis. She'll be able to comparison shop without leaving her home. And, she will reconnect with old friends all over the country. All these life improvements are thanks to what she learned at Saturday's Technology Fair for the over-50 ...

• Microsoft opens full-line store at Dadeland

  Microsoft store manager, Gonzalo Di Paolo, shows off a Surface tablet and colorful keyboard inside the brand new Microsoft retail store that will be opening at the Dadeland Mall on Saturday, May 18, ...

• Yahoo board to meet on $1.1B offer for Tumblr

  Yahoo CEO Marissa Mayer is rumored to be planning a Monday announcement, possibly of Yahoo's purchase of Tumblr for a reported $1.1 ...

• London bankers plan to dodge new EU crackdown on bonuses

  An EU crackdown on bankers' bonuses in the City of London will just lead to a surge in basic salaries and other initiatives to circumvent regulations, experts warned on Saturday.Banks, still unpopular for their leading role in the financial crisis, are keeping their avoidance plans under wraps, but industry figures were happy to boast privately that they could run rings round ...

• At Google we aspire to do the right thing. So we welcome a debate on international tax reform | Eric Schmidt

  At a time when families are having to tighten their belts and funding for vital public services is under pressure, corporate taxation is rightly a hot topic. And as a company that has always aspired to do the right thing, we understand why Google is at the centre of that debate. In the interests of moving the argument forward - away from accusation and toward action - here are three principles ...

• Giant of Shareholders BlackRock Quietly Stirs

  BlackRock , the world's largest asset manager. BlackRock's size is mind-boggling. With almost $4 trillion under management, it is, according to a recent University of Michigan study, the single largest shareholder in one of every five United States companies. It manages money from pension funds and endowments as well as retail investors, controls large stakes in companies ...

• Hewlett-Packard Employees At Risk Of Geese Attacks

  Employees at Hewlett-Packard's office in Boise, Idaho, have been warned to stay away from geese who are nesting in the area (geese not ...

• Last-minute fortune seekers buy Powerball tickets

  After weeks of rolling without a winner, the Powerball jackpot has once again ballooned in time for its Wednesday drawing, an estimated $360 million jackpot considered the third largest Powerball jackpot and the seventh largest jackpot in ...

• Whats it like to run a restaurant with your family

  family has stuck so closely together - no one I talk to seems to know how many Allens are involved in Ballymaloe or associated enterprises in the area, but they are numerous.Is anyone in the next generation snapping at their heels? "I can see a busy-ness in several of them," says Darina. "You think, well that little one will rule the world given half a ...

• Innovating to Boost Restaurant Sales

  Taco Bell's taco with a Doritos shell makes you stop in your culinary tracks, well, that's the point. Hoping to increase sales and traffic in their restaurants, fast-food and fast-casual operators are cranking up the menu innovation machine to produce items that stray from the gastronomic norm, ...

• New Bill to Colleges Prove Your Worth

  What's a college education really worth to you? While that question may be difficult to answer, a new bill is attempting to give families a bit more clarity about what they might expect to gain from a given college or university. ...

• Bernanke Tells Grads Innovation Is Key

  Federal Reserve Chairman Ben Bernanke speaks to guests at a banking conference hosted by the Federal Reserve Bank of Chicago on May 10, 2013 in Chicago, ...

• Yum or Yuck Cutting-Edge Menu Items

  , well, that's the point. Hoping to increase sales and traffic in their restaurants, fast-food and fast-casual operators are cranking up the menu innovation to produce items that stray from the gastronomic norm. "The pace of innovation has increased dramatically over the past five years," said Darren Tristano, an executive vice president at Technomic, a market research firm. ...

• Microsoft wants you to get to know Windows 8

  Speaking to the New York Times a couple of weeks ago, Tami Reller, Windows division CFO, admitted that the Windows 8 "learning curve is real" and said that Microsoft will be addressing the issue ...

• US Airways plane makes unusual belly landing at Newark airport

  (Fotolia) NEWARK, N.J. - A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane’s landing gear failed to deploy, but no one was injured, airline and government officials said. Piedmont Airlines flight 4560, operating for US Airways from Philadelphia with 34 passengers and three crew members, landed safely at 1 ...

• Hey techies BarCamp Orlando is underway at Wall Street Plaza

  BarCamp Orlando, an annual technology event, is back in downtown Orlando today. BarCamp is a series of 20-minute talks mostly focused on technologies like Ruby, PHP, Java and C with additional presentations on graphic design, music, photography and other new media for nondevelopers in the audience. The daylong event at Wall Street Plaza is free and open to the public and "to bring people ...

• 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 ...

• Bernanke in commencement address upbeat on innovation outlook

  Reuters © Chairman of the Federal Reserve Bank Ben Bernanke attends the Treasury Department's Financial Stability Oversight Council in Washington April 25, 2013. REUTERS/Gary ...

• LATAM Airlines to resume Argentina flights later Saturday

  SANTIAGO (Reuters) - LATAM Airlines Group SA LAN.SN said on Saturday it will resume flights to, from and within Argentina by 1530 GMT after state company Intercargo unilaterally decided on Friday to stop providing services to the ...

• Video How do you know youre buying the right home

  When buying a home, the golden rule has always been "location, location, location," but there's more to it than that. And to talk about that author of "Just the Right Home: Buying, Renting, Moving or Just Dreaming -- Find the Perfect Match," Marianne Cusato joins in studio ...

• New Xbox more than a game console for Microsoft

  Reuters © Visitors play with Microsoft's Xbox 360 consoles at the Tokyo Game Show in Chiba, east of Tokyo, September 15, 2011. REUTERS/Kim ...

• Stocks Firmly Positive On Upbeat Economic Data - U.S. Commentary

  markets have benefited from some upbeat economic data after a disappointing batch of data helped drag stocks lower on Thursday.The major averages have moved roughly sideways in recent trading, hovering firmly in positive territory. The Dow is up 59.65 points or 0.4 percent at 15,292.87, the Nasdaq is up 16.18 points or 0.5 percent at 3,481.42 and the S&P 500 is up 7.87 points or 0.5 percent ...

• Bloomberg ‘independent’ adviser mayor’s pal

  The latest move by Bloomberg LP to clean up its Spygate scandal doesn’t pass the smell test.The data and news giant said yesterday that it has appointed Sam Palmisano, the former IBM chief executive, as an independent adviser to head an internal review of its compliance measures - but the 61-year-old executive is a pal of Mike Bloomberg, the founder and owner of the company.Palmisano sits ...

• Of Course The PlayStation 4 Has More Buzz Than Microsofts New Xbox

  ony PlayStation 4 Riding Wave Of Twice The Social Media Buzz Of New Microsoft Xbox ." In it, he speaks to social media tracking expert Jen Handley of Fizziology, who says that across sites from Twitter to Tumblr ...

• China Spreads Alternative To US GPS System

  Pakistan is set to become the fifth Asian country to use China's domestic satellite navigation system, which was launched as a rival to the US satnav system. The Beidou or Compass system started providing services to civilians in the region in December and is expected to provide global coverage by 2020. Like the US global positioning system (GPS), the Beidou system can be shut down or ...

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