BEIJING - GlaxoSmithKline said it expects its performance in China to take a hit from Beijing's probe into bribery allegedly carried out by senior staff, the British drugs firm said Wednesday, and described the matter as "shameful". "Clearly, we are likely to see some impact to our performance in China as a result of the current investigation, but it is too early to quantify the extent of ...
FCA fines RBS to not reporting almost 45mn transactions
LONDON - The UK regulator has fined Royal Bank of Scotland (RBS) 5.6 million pounds for failing to report almost 45 million transactions and incorrectly reporting 804,000 trades made in wholesale markets. The fine relates to the period between November 2007 and February 2013 when the regulators Financial Conduct Authority (FCA) found mistakes in more than 37% of relevant transactions carried ...
Google goes for TV view
Google is unlocking TVs with a key-sized gadget that lets users stream YouTube, Netflix and other web content from their mobile devices.The new $35 Chromecast device, which was available for purchase yesterday on BestBuy.com, came with a three-month free Netflix trial and sold out within minutes of launching. Chromecast plugs into a TV?s HDMI socket and is Google?s latest attempt to ...
Here?s a prince of an idea
?s first child - the future king - could spur economic activity in the UK, which has been suffering through a long bad spell.Tourism, for one thing, could improve because of Prince George?s birth. Everyone, of course, will want a peek at the lad. And there will definitely be greater optimism in Britain, resulting in what the experts call trickle-down consumer confidence. Happy people ...
SAC to face fraud raps
Charges of securities fraud and wire fraud are expected to be filed against Steven A. Cohen?s SAC Capital Advisors today, according to a source familiar with the investigation. The charges against Cohen?s $15 billion hedge fund come after nearly seven years of ...
Letter grades coming to buildings
Can you hear him now? Mayor Mike Bloomberg will expand the city?s letter-grade system - a la restaurants - to commercial buildings to foster more choice and broadband competition among telecom providers, sources said. The opt-in program, which will be introduced within weeks, aims to entice commercial real-estate developers to offer more than one option in their buildings so that they can ...
No ?Soup? ruling yet
No settlement for you!The Original Soup Man retail chain, made famous by the curmudgeonly Soup Nazi character on "Seinfeld," failed to get court approval of a proposed $1.3 million deal that would settle a dispute with investors in a predecessor company. At a Brooklyn hearing, Bankruptcy Judge Carla Craig said she will give angry investors a shot at cross-examining the trustee who ...
Herbalife musters troops to avert FTC probe
EXCLUSIVE Herbalife has stepped up its attempt to head off a possible probe by the Federal Trade Commission, The Post has learned.The nutritional-supplements company sent out an email recently to all its distributors asking them to write their members of Congress about their positive Herbalife experiences."You have the most compelling story to tell," CEO Michael Johnson told them in ...
HP to release US$99 tablet through Wal-Mart for back-to-school demand
Hewlett-Packard (HP) reportedly will launch a US$99 tablet and will cooperate with Wal-Mart to sell the device in the US retail channel, targeting back-to-school demand, according to sources from the upstream supply ...
Schwing Americas Chinese parent considers second Minnesota factory
The Chinese owners of Schwing America in White Bear Township want to build another construction equipment plant in the United States, igniting competition between Minnesota and several Southern ...
Famous Daves posts improved results
Famous Dave's of America Inc. on Wednesday reported improved sales and profits for its second quarter, sending its stock up in after-hours ...
Americans gambling on rates with most ARMs since 08
Jung Lim plans to offset the cost of rising mortgage rates by using an adjustable-rate mortgage loan to buy a home for his expanding family. For the California endodontist, the money he'll save makes up for the ARM's risky ...
Data on factories and lending raise hopes for eurozone recovery
FRANKFURT, GERMANY - The long-suffering eurozone may be slowly emerging from recession, as manufacturers in Germany and France begin to ramp up production to meet stronger demand, according to a closely watched report published Wednesday. The survey of purchasing managers by Markit, a data provider, suggested that Europe might be near the end of a prolonged slump that has pushed unemployment ...
Asian shares little changed ahead of earnings
A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, July 24, 2013. Asian stock markets were mostly lower Wednesday after a survey showed Chinese manufacturing activity fell to its lowest point in nearly a year. Japan's Nikkei 225 fell 0.6 percent to 14,692.83. (AP Photo/Itsuo ...
Congress set to roll back college-loan rate hikes
Millions of college students can breathe a little easier this fall. Ending a months-long showdown, Congress is on track to approve legislation that will roll back a rate hike that nearly doubled the borrowing cost for federal student loans. The Senate yesterday approved a bill that ties loan rates to the financial markets. Undergraduates will be able to borrow at 3.86 percent for this school ...
Economy On Mend As Higher Growth Is Forecast
The UK economy is expected to have picked up sharply in the second quarter of the year, when official figures are published later. An expected rise of around 0.6% in gross domestic product (GDP) would double the previous increase of 0.3%. The predicted rise would be the best performance, excluding special events, since the third quarter of 2011. Kathleen Brooks, research director at ...
New Tool To Beat Nuisance Marketing Callers
A new online tool has been created which allows householders plagued by nuisance marketing calls to complain. Consumer group Which? is directing complainants to the relevant regulator?s complaint form via its own website, to gather the evidence required for enforcement action. A survey by the watchdog found that 85% of householders had received a nuisance call on their landline ...
Facebook Profits Rise Thanks To Mobile Adverts
Facebook's stock has soared by 17% after it earned $333m (217m) in the second quarter of this year, reversing a disappointing loss in the same period a year ago. The world's largest social network posted higher revenue for its mobile adverts, which it began showing for the first time last spring. They now account for 41% of its total revenue. The results come hot on the heels of ...
Nikkei edges down investors wary as earnings eyed Canon tumbles
* Nikkei eases 0.3 pct, Topix down 0.5 pct * Canon sinks after cutting full-year profit outlook * Investors await more blue-chip earnings reports By Tomo Uetake TOKYO, July 25 (Reuters) - The Nikkei share average slipped on Thursday morning, as investors looked past a weaker yen to the earnings season with blue-chip Canon Inc tumbling after slashing its profit outlook due to slowing demand in ...
Seoul shares slip after rally caution before major earnings
Wed Jul 24, 2013 10:05pm EDT * Eyes on Hyundai Motor, POSCO earnings * STX Group shares rally on rescue hopes * SK Hynix shares firm after posting record profit SEOUL, July 25 (Reuters) - Seoul shares edged lower on Thursday, easing from a six-week closing high in the previous session, amid caution ahead of earnings reports from Hyundai Motor and POSCO due later in the day. The Korea Composite ...
Facebook gets a like from Wall St
Facebook has surprised Wall Street with stronger-than-expected earnings for the second quarter on a sharp rise in mobile ad revenues, sparking a surge in its share price in after-hours trade."The work we've done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future," said Facebook chief Mark Zuckerberg as the ...
Ameriprise second-quarter profit surges nearly 40 percent
Ameriprise Financial Inc.?s operating profits surged 38.6 percent during the second quarter, largely on strong wealth management business. ...
Source: http://www.myanmarnews.net/index.php/sid/216046602/scat/3a8a80d6f705f8cc
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