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[video] Stattman likes bullish story of Bank of Japan
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Latest business news
Thursday November 27th 2014: Latest financial news from the worldToyota recalls more cars for dangerous Takata air bags
By Chang-Ran Kim and Mari Saito TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained. Toyota's action follows a recall by rival Honda Motor Co for the same problem two weeks ago after revelations of a fifth death, in Malaysia, linked to Takata's air bag inflator. ...
Oil hits four-year low as expectations fade for OPEC cuts
LONDON (Reuters) - Fading hopes OPEC will cut production when it meets Thursday sent oil prices tumbling to a four-year low and the world stock-market rally paused for Thanksgiving in the United States.
EU lawmakers urge regulators to get tough on Google
By Foo Yun Chee and Philip Blenkinsop BRUSSELS (Reuters) - European Union lawmakers overwhelmingly backed a motion on Thursday urging antitrust regulators to get tough on Google and other Internet search engines and consider breaking them up. The resolution in the European Parliament (EP), the strongest public signal of Europe's concern with the growing power of U.S. tech giants, was passed with 384 votes for versus 174 against. ...
SABMiller, Coca-Cola and local firm to create African bottler
LONDON/JOHANNESBURG (Reuters) - SABMiller Plc, The Coca-Cola Company and Gutsche Family Investments (GFI) are combining their soft drinks bottling operations in South and East Africa to create a group with $2.9 billion in revenue across 12 fast-growing markets. The new company, which will be headquartered in South Africa, will be 57 percent owned by the brewer, 31.7 percent by GFI, which is the majority owner of South Africa-based bottler Coca-Cola Sabco, and 11.3 percent owned by The Coca-Cola Company, the groups said on Thursday. ...
Low expectations for oil output cut as OPEC meets
VIENNA (Reuters) - Gulf oil producers led by Saudi Arabia are expected to press the case on Thursday for not yet cutting OPEC output, despite calls from several members of the group to bolster sagging prices by removing surplus crude from the market.
EU's Juncker survives no-confidence vote over tax deals
By Philip Blenkinsop BRUSSELS (Reuters) - The European Commission's new president, Jean-Claude Juncker, comfortably survived a no-confidence vote on Thursday brought over news that Luxembourg had lured multinational businesses with super low tax rates during his period as prime minister. The censure motion in the European Parliament in Strasbourg, France, was resoundingly defeated by 461 votes to 101. ...
Banking tricks blunt China's drive to increase lending
By Engen Tham SHANGHAI (Reuters) - China hopes that last week's interest rate cut will increase lending into the economy to shore up flagging growth, but measuring any rise will be impeded by a number of tricks the country's bankers use to manipulate the figures. Chinese banks, which are heavily controlled by the government, are often instructed to match their lending practice to further official policy, and when the People's Bank of China cut rates for the first time in two years on Friday, it made clear that helping smaller firms gain access to credit was among its goals. ...
Barclays says its Swiss private bank drops out of U.S. tax deal
ZURICH (Reuters) - Barclays' private bank in Switzerland has dropped out of a U.S. program aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday.
Exclusive: France, Italy, Belgium may break budget rules, EU to revisit in March
By Robin Emmott BRUSSELS (Reuters) - The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March. At that point, France could face a multi-billion euro fine and Italy and Belgium be put on a disciplinary program. Draft documents seen by Reuters show the three countries are part of a group also comprising Spain, Portugal, Austria, and Malta at risk of busting budget limits. ...
China's official PMI seen edging down to 50.6 in November
BEIJING (Reuters) - Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed. The median forecast from 12 economists in the poll was that the official manufacturing Purchasing Managers' Index (PMI) for November will be 50.6, slightly lower than October's 50.8. The survey will be released on Monday. A reading above 50-point level indicates an expansion in activity while one below that points to a contraction on a monthly basis. ...
General strike shuts down services across Greece
ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.
Unemployment rates fall in two-thirds of US states
Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
US stocks edge higher in afternoon trading
Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.
US stocks edge higher in midday trading
Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.
US stocks edge higher in morning trading
Major stock indexes moved higher in morning trading Friday, shaking off the prior day's slide over the possible geopolitical fallout from the downing of a passenger jet flying over eastern Ukraine. Investors had their eye on financial results from several big companies, including Google and Honeywell International.
US stocks are mixed in early trading
European Parliament vote promotes idea of a Google breakup
'Star Trek' began filming 50 years ago
'Star Wars: The Force Awakens' trailer will be on iTunes on Friday
Adam West: 'If I didn't love Batman, I'd be a little bit strange'
The inimitable Adam West talks about playing Batman once again for a special level based on the much-loved 1960sTV show in LEGO Batman 3: Beyond Gotham, and why he's the "luckiest actor in the world".>
AT&T's fiber Internet rollout will continue, kinda
EU wants 'right to be forgotten' applied globally
At least 6 ways we are using NFC
LG to launch its own take on the Surface Pro
LG names new mobile boss in annual reshuffle
The art and science of the bottom of a whisky glass
After Uber's stumble, is it Lyft and Sidecar's time to shine?
GoPro to release consumer drones next year, report says
First budget Android One phone arrives in UK, but faces stiff competition
Twitter is now tracking the apps you download
Tomorrow Daily 093: Underwater cities, MST3K's new website, robot guards and more
On today's show, we discuss a Japanese design firm's plans for a futuristic underwater city, the newest way to watch your favorite Mystery Science Theater episodes, and a fleet of robot security guards.>
Claman on Call: What to Expect Ahead of Black Friday
Welcome to Claman on Call. The markets might be closed, but FOX Business is always on call.
Buick Dealership Offers A Free Car -- And A Lesson In The Derivatives Market
Bill Kay Buick GMC is promising a complete refund to anyone who buys a new car on Friday or Saturday if it snows more than 6 inches on Christmas Day in Chicago. "No one has ever done this in the car business before," Karl Regalado, Bill Kay's general manager, told The Huffington Post. "It's legit. A lot of people think it's a scam." It's not a...
Sparing no expense, 'Jurassic World' features Gear smartwatch
Who would win in a fight, Batman or Darth Vader?
Keyboard-shaped waffle iron: Take a bite out of type
Century Aluminum Stock on a Tear
Can Century Aluminum make you money?
Innovation and the Unknown
It seems that companies are tossing around the innovative word like it's a piece of candy to be chewed on and enjoyed because it tastes so sweet. Maybe some companies can innovate that way and actually benefit from the process. However, I am not quite so sure the innovation process works that way. I tend to think that the companies who launch a...
Amazon sale offers unlocked Fire Phone for $199
Tomorrow Daily 092: Mistletoe drones, Europa in HD, real-life bacon meme and more
On today's show, we debate the usefulness of drones inside restaurants (especially drones carrying mistletoe), check out Europa in stunning HD and watch a beloved bacon internet meme come to life via a laser printer hack.>
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