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Market - Meet CNNMoney`s new Tech 30 stock index

CNNMoney has created a portfolio of the 30 most important technology stocks on the planet that you can track every day.

Wednesday, September 03, 2014  03:42


World - Scotland Yard put up for sale

A piece of criminal history can be yours for £250 million (315 million euros, $412 million) -- London`s world-famous Scotland Yard police force put its headquarters up for sale Tuesday. The 22-storey, 600,000-square-foot (56,000-square-metre) office block, a short walk from both the Houses of Parliament and Buckingham Palace at Victoria, has been home to the Metropolitan Police since 1967. `This is a hugely expensive building to run and operate,` said Craig Mackey, deputy commissioner of the force. There is already significant international and British interest in the site, according to Simon Hodson of Jones Lang LaSalle, the firm which is handling the sale.

Tuesday, September 02, 2014  23:59


World - Bank of England set to hold rates at record low 0.50%

The Bank of England is set to keep interest rates at a record-low 0.50 percent this week, as it eyes slowing inflation before next year`s election, analysts say. Both Britain and the separate eurozone are worried about unduly low inflation, but this is a much bigger problem in the single currency area where growth is far less buoyant. The upshot is an overall climate of talk that monetary conditions in Britain could be tightened next year, while in the eurozone they may soon be eased. The Bank of England`s rate-setting Monetary Policy Committee (MPC), which concludes its two-day September meeting on Thursday, is likely to leave its quantitative easing (QE) cash stimulus at £375 billion ($622 billion, 473 billion euros).

Wednesday, September 03, 2014  05:40


World - Asian stock markets rise as dollar gains

SEOUL, South Korea (AP) Asian stock markets rose Wednesday, lifted by new signs of strength in the U.S. economy and expectations that Europe`s central bank will provide more support to the flagging region.

Wednesday, September 03, 2014  05:04


Business - Shell CEO says U.S. should export oil to stabilize markets

`Policymakers here in the United States should embrace a truly liberalized, diverse and global energy market,` Shell Chief Executive Officer Ben van Beurden told an energy conference at Columbia University in New York. The United States has banned most crude exports since the Arab oil embargo of the 1970s.

Tuesday, September 02, 2014  23:24


Business - U.S. court revives shareholder lawsuit vs. Allergan over Botox

SAN FRANCISCO (Reuters) - A U.S. appeals court on Tuesday revived a shareholder lawsuit against Allergan Inc over allegations that the company improperly marketed and labeled the cosmetic drug Botox. The ruling, from the 9th U.S. Circuit Court of Appeals in San Francisco, said plaintiff shareholders had alleged enough specific facts to proceed. (Reporting by Dan Levine; Editing by Chizu Nomiyama)

Tuesday, September 02, 2014  17:16


World - Di Maria shines but Burnley frustrate United

Louis van Gaal was left searching for his first competitive win as Manchester United manager after a 0-0 draw at newly-promoted Burnley in the Premier League on Saturday. United`s record signing Angel di Maria, who at £59.7 million ($98 million, 75 million euros) cost more than Burnley have spent on transfer fees in their 132-year history, made a lively debut but went off after 69 minutes. Sean Dyche`s underdogs, who cost only £5 million to assemble, nevertheless matched their more illustrious opponents -- who had lost 4-0 at third-tier Milton Keynes Dons in the League Cup in mid-week -- and went closest to scoring. The visitors were fortunate not to be trailing as early as the third minute, when a free-kick conceded by Phil Jones on the edge of the area saw former United midfielder Dave Jones strike the bar.

Saturday, August 30, 2014  16:33


World - Confident Van Gaal hits back at United critics

Louis van Gaal attempted to quash criticism of Manchester United`s dismal start to the season by insisting he is the right man to restore the fallen giants to their former glory. United are still waiting for their first victory under Van Gaal after losing to Swansea, drawing with Sunderland and then suffering an abject 4-0 humiliation against League One minnows Milton Keynes Dons in the League Cup second round in midweek. Van Gaal shattered the British transfer record with his £59.7 million ($98m, 75m euros) signing of Angel di Maria from Real Madrid this week as he continued a major overhaul which has exceeded £130 million since he took charge.

Saturday, August 30, 2014  10:24


World - Mourinho ready for life without Torres

Jose Mourinho insisted Friday he wanted to keep Fernando Torres at Chelsea, but admitted he would allow the striker to leave Stamford Bridge if the right deal can be done. Torres has been linked with a move to AC Milan during this month`s transfer window after finding himself third choice striker behind Diego Costa and Didier Drogba at Stamford Bridge this season. Chelsea manager Mourinho, though, insisted the Spain forward - signed from Liverpool for a then-British record fee of £50 million ($83 million, 63 million euros) in January 2011 --- has not yet told him he wants to leave.

Friday, August 29, 2014  17:08


World - Tesco issues new profit warning, slashes dividend

Troubled British supermarket giant Tesco on Friday issued another profits warning and slashed its shareholder dividend by 75 percent, blaming challenging trade and the high cost of investment. The company added that new chief executive Dave Lewis will start on Monday, September 1 -- one month earlier than planned -- in order to carry out a review of `every aspect` of the business. Trading profit was forecast to be in the range of £2.4 billion to £2.5 billion in the current 2014/2015 financial year, Tesco said in a trading update.

Friday, August 29, 2014  08:12

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