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World - BSkyB reveals deal to create pan-European pay TV giant

British satellite television group BSkyB said on Friday it had agreed multi-billion-dolla deals with Rupert Murdoch`s media empire 21st Century Fox to create a pan-European pay-TV giant. Murdoch`s 21st Century Fox media conglomerate owns 39 percent of BSkyB. BSkyB has agreed to buy 21st Century Fox`s 100-percent stake in Sky Italia and its 57.4-percent interest in Sky Deutschland, a statement said. BSkyB said it planned to acquire the rest of Sky Deutschland from the German group`s minority shareholders, creating a pan-European TV giant in deals costing the British group a total of up to £7.0 billion ($11.9 billion, 8.8 billion euros) in cash.

Friday, July 25, 2014  08:41


Market - Argentina is now very close to default

Argentina will default in just a few days unless the country can strike a deal at the eleventh hour with holdout creditors.

Friday, July 25, 2014  07:21


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.

Friday, July 25, 2014  03:47


Business - Sluggish Latin American results show risks for U.S. companies

U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth. Companies ranging from Ford Motor Co to 3M Co and Caterpillar Inc reported second quarter earnings that highlighted weakness in their Latin or South American operations. Several companies reported tepid performance in Brazil, the biggest economy in Latin America, where some economists fear the country is on the verge of a recession. `The place where we see a little bit more of a challenge is Latin America,` 3M Chief Executive Officer Inge Thulin told analysts on the company`s quarterly conference call on Thursday.

Friday, July 25, 2014  06:27


World - Asian stocks bolstered by US economic data

MUMBAI, India (AP) — Most major Asian stock markets rose Friday after U.S. unemployment claims fell to an eight-year low and tensions over the downing of a Malaysia Airlines jet eased.

Friday, July 25, 2014  06:27


Technology - First Take: Things just got rougher at Amazon

With losses mounting, the e-commerce giant forges ahead in cloud, drone, smartphone markets.

Thursday, July 24, 2014  23:34


Business - Britain`s RBS releases earnings early after surprise swing to profit

Royal Bank of Scotland said it made a pretax profit of 1 billion pounds ($1.7 billion) in the second quarter, far better than analysts had expected, thanks to a turnaround in losses from bad loans, prompting it to release earnings a week early. RBS, which is 81 percent owned by the British government, said the profit was mainly because of an economic upturn that allowed it to write back losses that had been booked on bad loans, giving it a net release of 93 million pounds. RBS said it was obliged to release headline numbers early because they were far better than market expectations. Chief Executive Ross McEwan said the results showed the steady progress being made to make RBS `a much simpler, smaller and fairer bank`.

Friday, July 25, 2014  08:28


Business - Vodafone revenue dragged lower by Spain and South Africa in first quarter

Vodafone received no relief from tough market conditions in the first quarter, with a slowdown in Spain and South Africa resulting in another heavy drop in its key revenue measure. The world`s second-biggest mobile operator said the pace of decline in organic service revenue, which strips out items such as handset sales and currency movements, accelerated to 4.2 percent in the three months to June 30. Chief Executive Vittorio Colao said the year had started in line with the company`s expectations, and its performance had improved in markets such as Germany. The limited number of analysts who provide forecasts for the first quarter expected group service revenue to decline by 4.2 percent.

Friday, July 25, 2014  07:34


Business - Japan consumer inflation eases in June as weak yen impact fades

By Leika Kihara TOKYO (Reuters) - Japan`s core consumer inflation eased slightly in the year to June, highlighting the challenges the central bank faces in meeting its 2 percent inflation target sometime next year. The BOJ expects inflation to pick up again as a tight labor market lifts wages. `Exports are weak and household spending - hit by the April sales tax hike - won`t bounce back so strongly, which means the economy lacks a strong driver ahead,` said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute. `The economy may not recover as strongly as expected, which will certainly affect price moves,` he said, predicting that the BOJ may ease policy in April next year if inflation fails to approach 2 percent by then.

Friday, July 25, 2014  07:08


Business - Startups: Switzerland`s New Graduate Program

By Eva Perrett, Masters Student at Graduate Institute in Geneva Swiss students have dispersed the summer holidays. Among those graduating and entering the job market, a new trend is emerging. More and more young people are founding startups. Idyllically situated with views of Zurich, the Villa Rigi, a former manor house, has bright rooms and a garden that now serve a new purpose: as a headquarters for Swiss startups. Five startups are based here, among them ElectricFeel, a technology spin-off from the university ETH Zürich, with a focus on urban mobility. ...

Friday, July 25, 2014  04:01

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