Latest Breaking Business News
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Dassault wants Ottawa to open jet fighter contract to replace CF-18
French aircraft maker, Dassault Aviation, is urging the Canadian government to have an open contest for replacing its aging fleet of McDonnell Douglas CF-18 Hornets, arguing its Rafale fighter jet is a perfect fit. The procurement of a new fleet of fighter jets erupted into a national scandal after the Auditor General raised a red-flag on a the sole-sourced contract.The Department of National ...
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First Leaside founder testifies at OSC hearing into fraud allegations
David Phillips, the founder of defunct real estate investment firm First Leaside Group of Companies, told an Ontario Securities Commission panel that he could not reveal a "viability" report at the heart of the fraud case against him to investors for fear it would result in a "Conrad Black and the boxes moment." Asked by his lawyer Alistair Crawley to explain the reference ...
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Understanding momentum in stock returns
(MoneyWatch) In 1993, Eugene Fama and Ken French released a paper explaining that stock returns are primarily due to three factors: market risk, size risk and value risk. However, this Fama-French three-factor model doesn't account for all stock returns, missing additional factors such as momentum. A recent paper sheds more light on how the momentum factor affects stock prices. Momentum ...
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Microsoft will pay up to $100K for new Windows exploit techniques
Microsoft has announced that it will give security researchers cash rewards for devising novel software exploitation techniques, creating new exploit mitigation systems, and finding bugs in the beta of Internet Explorer 11 when it's released later this month. Bug bounty programs, where security researchers receive a cash reward from software vendors for disclosing exploitable flaws in ...
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Fed Votes to Maintain Stimulus Program
The Federal Reserve announced today that it won't be changing its $85 billion a month bond purchasing stimulus program, though labor market conditions have improved in recent months. It will keep its target interest near zero while unemployment remains above 6.5 percent. The Fed, which has been injected trillions of dollars into the slowly recovering American economy, made an ...
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Microsoft to hire computer geeks to thwart hackers offers hefty bounties
Microsoft Corp is looking to recruit computer geeks in its ongoing efforts to protect Windows PCs from attacks, offering rewards of as much as $150,000 to anybody who helps identify and fix major security holes in its software. Microsoft unveiled the rewards program, one of the most generous in the high-tech industry to date, on Wednesday as it sought ways to prevent sophisticated attackers from ...
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US STOCKS-Wall St falls sharply on Bernanke comments Fed statement
Wed Jun 19, 2013 3:11pm EDT * Fed maintains pace of bond purchases * Adobe, FedEx shares rise after results * Indexes off: Dow 0.9 pct, S&P 500 0.9 pct, Nasdaq 0.8 pct By Ryan Vlastelica NEW YORK, June 19 (Reuters) - U.S. stocks fell 1 percent in a volatile session on Wednesday, with losses accelerating after Federal Reserve Chairman Ben Bernanke said a reduction in the rate of stimulus could ...
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6-month-old shot at home on Alcoa Hwy.
Officers are investigating the shooting of a six-month-old child, the Knox County Sheriff's Office has confirmed. It happened Wednesday afternoon at a home on Alcoa Hwy. The child has been transported to UT Medical Center. We have a crew on the way and will have updates as soon as they are ...
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Mens Wearhouse fires chairman who told millions Youre going to like the way you look
FILE - In this Thursday, May 6, 1999 file photo, George Zimmer, second from left, gestures in a meeting in Oakland, Calif. Men's Wearhouse Inc. says it has dismissed Zimmer, its founder and executive ...
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Federal Reserve foresees lower US unemployment and inflation this year and next
WASHINGTON -- The Federal Reserve expects the U.S. unemployment rate to fall faster this year and next than it did in March. The Fed now predicts unemployment will fall to 7.2 percent or 7.3 percent at the end of 2013 from 7.6 percent now. It thinks the rate will be between 6.5 percent and 6.8 percent by the end of 2014, better than its previous projection of 6.7 percent to 7 percent. The 6.5 ...
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Highlights of state budget passed by Assembly
MADISON, Wis. -- The two-year state budget passed by the Republican-controlled Assembly on a 55-42 vote now heads to the state Senate for an expected vote on Thursday. If it passes there in identical form, it then heads to Gov. Scott Walker who can sign it, veto all of it, or veto any individual items he opposes. The Legislature has the option to override Walker's vetoes. Here are some ...
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Voters support growth control in Encinitas
Guerin said her two groups --- Encinitas Residents, Business & Taxpayers Opposing Prop. A and Homeowners to Preserve Encinitas --- made a big push in the final days before the election to encourage people to come vote at the ...
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KCSO investigating shooting off Alcoa Highway
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No Taper Tipoff Fed Keeps the Easing Going
The Federal Reserve will keep its version of the monetary printing press running a while longer, and provided few hints Wednesday that the days of extreme easing are coming to a close. In a decision eyed with a surgeon's precision on Wall Street, the central bank's Open Markets Committee tiptoed around the vaunted "tapering" question, saying it will continue watching the ...
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Who Will Be the Next Fed Chairman
The question of who the president will nominate to succeed Bernanke will probably be answered sometime this summer. The president will want to make sure the Senate has plenty of time to consider and confirm his nominee--and that the markets have time to digest the ...
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Kiss and Tell Hersheys SP Prediction
Brian Stutland of the Stutland Volatility Group believes that chocolate sales can tell us a great deal about where the market will go next. "Your basic thing that everybody loves is chocolate," Stutland said. "If chocolate sales are falling--if you hate chocolate--you definitely hate real estate or whatever big-ticket purchases you want to make." So to get a jump on the ...
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Zimmer Doesnt Like the Way This Looks
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the ...
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What to Expect From the Fed
CNBC's Steve Liesman discusses expectations for the Fed; and Kenny Polcari, O'Neil Securities, and CNBC's Bob Pisani, break down how the market is anticipating the ...
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Whats Leon Cooperman Buying Now
Leon Cooperman, Omega Advisors chairman & CEO, discusses what he hopes to hear from the Fed later today, adding there are plenty of stocks out there with more attractive yields than 10-year Treasurys. Cooperman also explains why he filed suit against ...
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DreamWorks CEOs Really Good Arrangement With Netflix
CNBC's Julia Boorstin speaks to DreamWorks Animation CEO Jeffrey Katzenberg, about his company's partnership with the Chinese government, and its deal with ...
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Bernanke wont blow up bond market
The Federal Reserve may not be the big bad wolf of the bond market, despite what some say. FORTUNE -- The last of the economy's Band-Aids are coming off. The question is how much it will hurt. So far, the answer from the bond market has been quite a lot. Ever since Federal Reserve chairman Ben Bernanke indicated about a month ago that the Fed might slow its bond buying stimulus program, ...
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State of the Art Microsoft Office for the iPhone Is Here. Yawn.
Anticlimax (noun) 1. An event or conclusion that is far less important, powerful or striking than expected. 2. The release of Microsoft Office for the iPhone. Office for iPhone is big news, but not because the software is ...
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Apple Unveils News Content For TV Service
We no longer check to see whether Sky News displays properly in Internet Explorer version 6 or earlier. To see our content at its best we recommend upgrading if you wish to continue using Internet Explorer or using another browser such ...
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Microsoft offers up a bounty for finding bugs in beta
(Credit: Microsoft) Microsoft on Wednesday announced it will launch a "bug bounty" program, designed to stamp out security vulnerabilities in its software before and after its products are launched. The software giant has previously offered as much as $250,000 for security vulnerabilities ...
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Exclusive Forest interested in bidding for Irish drugmaker Elan - sources
WASHINGTON - The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a ...
North Korea Digest
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North Korea's navy integral to sea border security
The North Korean Navy is an integral part of the country’s armed forces and the 46,000 men and woman that man it are the part of the defense force most often in international and North Korean news media.
The North Korean Navy is part of the Korean People’s Army Naval Force and makes up the country’s maritime defense capability. Because the navy is primarily concerned with defense, it operates as a ‘green water’ rather than a ‘blue water’ navy, which means it is capable of carrying out missions and activities offshore but not at extended ranges such as the Chinese Navy, which is much larger and includes air craft carriers, battle ships and destroyers. Read more
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