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China central bank governor calls for vigilance on deflation

Breaking Business News - 1 hour 21 min ago
BOAO, China (Reuters) - China's central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were closely watching slowing global economic growth and declining commodity prices.

ChemChina chairman says hopes to re-list Pirelli in Italy

Breaking Business News - 1 hour 35 min ago
BEIJING (Reuters) - The chairman of China National Chemical Corp (ChemChina) said on Sunday he hopes to re-list Italy's Pirelli on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tire maker.

Green Bay daily names new business reporter

Talking Biz News - Sat, 03/28/2015 - 21:31
Jeff Bollier is becoming the primary business reporter for the Green Bay Press-Gazette, replacing  Richard Ryman, who will continue to write a Sunday business column and cover how the Green Bay Packers impact local...

Bloomberg names Kelly its New York bureau chief

Talking Biz News - Sat, 03/28/2015 - 18:01
Jason Kelly, who has been with Bloomberg News since 2002, is becoming its New York bureau chief. He will replace Karen Toulon. Toulon has been named executive editor for Global Newsmaker editorial boards, a...

Best Buy warns of profit hit as it consolidates Canadian stores

Breaking Business News - Sat, 03/28/2015 - 14:07
CHICAGO (Reuters) - Best Buy Co Inc plans to close some stores and consolidate its operations in Canada, the U.S. electronics retailer's second-largest market, in a move that will hurt earnings this year, the company said on Saturday.

TV critic: I will miss the Suze Smackdown

Talking Biz News - Sat, 03/28/2015 - 13:20
Washington Post television critic Hank Stuever writes about what he will miss with the ending of Suze Orman‘s personal finance show on CNBC after 13 years. Stuever writes, “Not everyone who came on ‘The...

Automotive News wins Grand Neal Award

Talking Biz News - Sat, 03/28/2015 - 13:05
Automotive News won the Grand Neal Award, the highest award given at the 61st annual Jesse H. Neal National Business Journalism Awards luncheon, for its coverage of the GM ignition switch recall crisis. A...

Biz copy editor Newton wins top ACES award

Talking Biz News - Sat, 03/28/2015 - 12:37
The American Copy Editors Society announced that Larissa Newton, copy editor at Central Penn Business Journal, as the 2014 Robinson Award winner. Newton received $3,000 and an engraved glass plaque as her prize today...

President Xi says China should not focus on growth rate only

Breaking Business News - Fri, 03/27/2015 - 23:35
BOAO, China (Reuters) - Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China's push for a more sustainable, higher-quality expansion.

Chevron exits Caltex Australia stake for $3.7 billion

Breaking Business News - Fri, 03/27/2015 - 22:58
PERTH (Reuters) - U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.

Orman ends 13-year run on CNBC

Talking Biz News - Fri, 03/27/2015 - 21:16
Roger Yu of USA Today writes about Suze Orman, whose personal finance show on CNBC is ending after 13 years on Saturday. Yu writes, “She plans to ‘take a year or two off from...

Stocks likely to drift as investors await Fed, earnings

Breaking Business News - Fri, 03/27/2015 - 21:04
NEW YORK (Reuters) - Wall Street investors may find little reason to make big moves next week as they await monthly U.S. jobs data and any news that could change expectations for the first interest rate hike in almost a decade.

Wall St. ends four-day skid on late tech rally

Breaking Business News - Fri, 03/27/2015 - 19:37
NEW YORK (Reuters) - U.S. stocks rose modestly on Friday after late news of merger talks in the semiconductor space boosted the technology sector and helped major indexes snap a four-day losing streak.

Brazil police arrest Grupo Galvão CEO in Petrobras probe

Breaking Business News - Fri, 03/27/2015 - 19:13
SAO PAULO (Reuters) - Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive seized in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA.

Intel in talks to buy Altera, shares of firms surge

Breaking Business News - Fri, 03/27/2015 - 18:55
(Reuters) - Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector.

This week’s top business news – March 23-27, 2015

Talking Biz News - Fri, 03/27/2015 - 18:52
Business news this week centered around two events: the tragic crash of Germanwings flight 9525 and the acquisition of Kraft by Warner Buffett-backed Heinz. Monday Apple Pay’s pitch: Simpler is better. But some security...

Yahoo, Microsoft extend search partnership talks for 30 days

Breaking Business News - Fri, 03/27/2015 - 18:38
SAN FRANCISCO (Reuters) - Yahoo Inc and Microsoft Corp agreed to extend by 30 days the deadline to re-negotiate a ten year search deal, as the two Internet companies attempt to revamp a thorny partnership crafted by former chief executives.

Fed's Yellen sees gradual rate hikes starting this year

Breaking Business News - Fri, 03/27/2015 - 18:03
SAN FRANCISCO/WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual.

U.S. economic growth slows in fourth quarter; corporate profits fall

Breaking Business News - Fri, 03/27/2015 - 16:51
WASHINGTON (Reuters) - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending.

Lender says will make 'significant' new bid for RadioShack

Breaking Business News - Fri, 03/27/2015 - 15:57
WILMINGTON, Del (Reuters) - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week.