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Workers demand more action from Italian government
Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...
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Americans find happiness in household wealth
Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...
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Hackers take on Financial Times web site
Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...
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Hackers get into important Saudi websites
The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...
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Digital world creeps up on Target
Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...
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SUV passengers more likely to survive crashes
Passengers in SUVs are now known to be more likely to survive a serious crash. A new study conducted by the University of Buffalo in the US has found the driver of the SUV is as much as 10 times more likely to survive in a head-on collision where a passenger car is involved. While automakers have taken steps to improve safety in normal passenger cars, such as changing bumper designs on ...
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Spain sees rise in surplus
Spain has reported a trade surplus, the first since 1971. With imports slumping due to austerity measures, the first monthly trade surplus for more than 40 years is being seen as a positive development. However, the country is still suffering from an economic downturn with unemployment in Spain now running at 26.7%. The surplus of 634.9 million euros in March reflects a 15% plunge in ...
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BOEs King Says More Steps Needed for Growth
The U.K. economy is in recovery but policy makers need to do more to lift growth, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. But it's only a modest recovery, and we certainly can't be satisfied with it," Mr. King said in an interview with Sky News.The U.K. economy expanded 0.3% between January and March and the BOE expects it to grow 0.5% in the ...
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Aust stocks higher after Wall St record
The Australian share market is higher as another Wall Street record buoys mining and banking stocks.IG market strategist Chris Weston says the strongest University of Michigan consumer sentiment reading since 2007 spurred the Dow Jones Industrial Average and the S&P 500 to reach fresh highs, helping Australian stocks."It's a question of a good lead from Wall Street and people buy ...
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Yahoo reportedly agrees to buy Tumblr for $1.1 billion
Yahoo's board has agreed to buy Tumblr, the popular blogging service, for about $1.1 billion in cash, a person with knowledge of the agreement said on Sunday. The deal, sealed at a meeting of Yahoo's board, is expected to be announced as soon as Monday, said the person, who was not authorized to speak ahead of the announcement. The acquisition is the biggest yet under Yahoo's ...
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Seoul shares up Wall St overshadows North Korea missile tests
SEOUL | Sun May 19, 2013 8:12pm EDT SEOUL May 20 (Reuters) - Seoul shares edged up on Monday after the rally on Wall Street boosted sentiment and helped to overcome worries about North Korea's firing of short-range missiles at the weekend. Technology heavyweights led the gains, with SK Hynix rising 2 percent and LG Electronics gaining 0.5 percent. The Korea Composite Stock Price ...
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Scottish bank customers warned over deposit protection scheme
A Treasury report has analysed the impact of Scottish independence on the deposit protection scheme that guarantees up to 85,000 to UK bank customers. Photograph Carl Court/AFP/Getty ...
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Empty shops hit record high retail study shows
The number of empty shops on Britain's high streets and malls has hit a record high on the back of a struggling economy and changing shopping habits, industry data released on Monday showed.Across the UK almost one in eight shops lay vacant in April 2013, according to the British Retail Consortium, the highest since it began collecting such data in July 2011. Almost one in five shops in ...
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New Co-operative Group head endures rocky start at annual general meeting
the group's beleaguered bank .Around 250 delegates from across the country filed into New Century House to meet Euan Sutherland, the one-time head of the Kingfisher group they hope will guide them to safety.The meeting at New Century House, Manchester, was held behind closed doors, with delegates unusually tight-lipped as they arrived. A significant absentee was the Co-operative's ...
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Share market set for gains on Wall St record
Australia The Australian dollar remains well below parity with the greenback, after positive US economic data pushed the value of its currency higher on Friday. Around 9:00am (AEST), an Aussie dollar was worth 97.42 US cents.The local currency was also fetching just under 76 euro cents, 100.25 Japanese yen and 64.23 British pence. Futures trade indicates the share market will rise today, with ...
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Companies launch cyber war games to prepare for hackers
Clusters of corporate techies hunched over their laptops one recent evening in Mountain View, Calif., feverishly trying to figure out how RK Industries hacked into and stole critical information from its rival, EntraDyn. It’s a common occurrence, but in this case the firms were fictitious, and the event - a simulated exercise put on by security firm Symantec - featured rock music, a ...
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Edina boutique fulfills designers dream
Edina women’s boutique, a reality. Fortunately, Roth had been preparing for the opportunity for much of her life. She got her start working in her father’s textile factories and selling fashions in their native India, and for the last decade has designed and manufactured wholesale clothing, jewelry and accessories for major department stores as head ...
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Trial of Petters associate to open Monday
The federal trial of the last foreseeable defendant in Minnesota’s largest criminal fraud begins Monday. James Fry, a dentist-turned-hedge-fund-manager from Spring Park, faces 12 counts accusing him of securities and wire fraud and making false statements to the Securities and Exchange Commission in his role as a financial conduit in the Tom Petters-directed Ponzi scheme that bilked ...
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Twin Cities at center of hearing aid growth
Plymouth -based Miracle-Ear, which says it sells America’s most popular hearing aid, is turning up the volume for its Italian parent, Amplifon. Moreover, the Twin Cities hearing aid trade, which boasts several firms, appears to be growing thanks to aging baby boomers who need hearing help, powerful digital products and the willingness of some health insurers to cover at least some of the ...
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Bloomberg terminals opened world of information to reporters
Today, what really connects the financial world? Money, intellect and ideology are candidates. But the best answer may be: the Bloomberg terminal. More than 315,000 of these data cockpits are in use around the world, leased for $20,000 a year. To locate a shared terminal in an office one merely needs to follow the deepest footpath in the carpeting. "Smart money" cannot live without ...
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Business forum For medtech a new model is needed
The realities of the Affordable Care Act, longer FDA approval times and reimbursement challenges require new ways to finance medical technology ...
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Movers Shakers Kyle OKeefe Robert Half International
Robert Half International Title: Regional vice president Age: 35 Kyle O’Keefe, who has a decade of experience at Robert Half International, has been promoted to regional vice president for the specialized staffing firm’s Twin Cities market. O’Keefe will oversee operations for Robert Half’s Accountemps and OfficeTeam staffing divisions ...
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Outside consultant Exercise-product start-up needs laser focus
Question My start-up company has a product, the (4-in-1) Trans4mer, that was invented after my own experience with in-home physical therapy. That therapy had me using multiple exercise balls, bells and weights, which are both costly and space-consuming. Our product is a market disrupter but we have start-up financing problems. How do you effectively take advantage of this situation as a ...
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Australia shares seen firmer on Wall St. records soft currency
SYDNEY, May 20 (Reuters) - Australian shares are seen starting firmer on Monday, after better economic data in the United States pushed Wall Street to fresh record highs and as the local dollar remains below parity against the greenback. * Local share price index futures rose 0.4 percent to 5,212.0, a 31.2-point premium to the underlying S&P/ASX 200 index close. The benchmark ended 0.3 percent ...
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Ryder System shares could rise 20 percent Barrons
(Reuters) - Ryder System <R.N), a truck rental and supply chain management company, could see its shares rise as much as 20 percent, according to a Barron's ...
Baton Rouge Feature
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Mayor Holden’s preparing Baton Rouge for the future.
Baton Rouge’s mayor, Kip Holden, has spent most of his tenure as mayor outside the city on foreign or domestic trips to business conferences or meetings aimed at promoting cultural ties. It’s a strategy that has been successfully employed by some of the world’s greatest leaders.
The Mayor of Baton Rouge, Kip Holden, is going out of his way to increase economic activity in Louisiana’s capital by undertaking a series of what one might call ‘promotional’ trips to cities around the US and the world, promoting Baton Rouge as a serious contender for investment by big businesses. Read more
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