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Brent rises above $61, set for biggest monthly gain since 2009

Breaking Business News - 44 min 49 sec ago
SINGAPORE (Reuters) - Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in the North Sea and renewed fears of gas supply disruption in Europe supported prices.

Oil's drop chills Asian stocks, inflation data boosts dollar

Breaking Business News - Fri, 02/27/2015 - 00:28
TOKYO (Reuters) - Asian shares pulled further away from a five-month high on Friday as a sharp pullback in crude oil prices dampened risk appetite, though Japanese stocks crawled to a fresh 15-year peak after the dollar surged against the yen overnight.

Nissan says can meet U.S. sales goal with capacity in South Korea, Japan

Breaking Business News - Thu, 02/26/2015 - 23:06
YOKOHAMA, Japan (Reuters) - Nissan Motor Co will be able to meet its goal of taking 10 percent of the U.S. market in two years without any major new investments and by making use of capacity available at factories in Japan and South Korea, a top executive said on Friday.

IBM targets $40 billion in cloud, other growth areas by 2018

Breaking Business News - Thu, 02/26/2015 - 21:28
(Reuters) - International Business Machines Corp , which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.

Editor departs Jacksonville Business Journal

Talking Biz News - Thu, 02/26/2015 - 21:15
John Burr, the editor of the Jacksonville Business Journal, has left the American City Business Journals publication. Drew Dixon of the Florida Times-Union reports, “‘He is no longer with the company,’ Sillick said, adding...

Bank of America accounting chief, two directors to step down

Breaking Business News - Thu, 02/26/2015 - 19:04
(Reuters) - Bank of America Corp said on Thursday that two members of its board of directors and its chief accounting officer will be leaving the company in coming weeks.

Oil retreats as rising U.S. inventories continue to weigh

Breaking Business News - Thu, 02/26/2015 - 18:32
NEW YORK (Reuters) - Crude oil futures fell sharply on Thursday as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand.

Nasdaq resumes climb; S&P 500, Dow fall with energy

Breaking Business News - Thu, 02/26/2015 - 17:36
NEW YORK (Reuters) - The Nasdaq resumed its recent advance on Thursday after deal news in the technology sector, while the Dow and S&P 500 dipped as energy shares sank with oil prices.

Citi urges Europe's CEOs to follow U.S. share buyback trend

Breaking Business News - Thu, 02/26/2015 - 17:03
LONDON (Reuters) - Citi strategists on Thursday urged European firms to use historically cheap borrowing costs to buy back their own shares, a practice embraced by U.S. companies in recent years that has also attracted criticism.

GM's Indonesia closure highlights automakers' emerging markets woes

Breaking Business News - Thu, 02/26/2015 - 16:41
DETROIT (Reuters) - General Motors Co's decision to shutter a car factory in Indonesia comes as global automakers rethink the timing and scope of investments in emerging markets once touted as engines of growth.

Gharib on convincing CEOs to talk

Talking Biz News - Thu, 02/26/2015 - 16:21
Diana Bradley of PRWeek spoke with Fortune senior special correspondent Susie Gharib about her role at the magazine after leaving her job as co-anchor of “Nightly Business Report.” Here is an excerpt: In February,...

Lower gasoline prices dampen U.S. consumer inflation

Breaking Business News - Thu, 02/26/2015 - 16:03
WASHINGTON (Reuters) - U.S. consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates.

Varney’s Fox Biz show hits ratings high

Talking Biz News - Thu, 02/26/2015 - 15:26
Stuart Varney‘s show “Varney & Company” on Fox Business Network hit a ratings high in February, one year after switching to the 11 a.m. time slot, reports Brian Flood of TVNewser. Flood writes, “In...

Storyhunter is hunting the globe for stories

Talking Biz News - Thu, 02/26/2015 - 15:16
Alexander Ragir is a co-founder and chief operating officer of Storyhunter. A former foreign correspondent for Bloomberg News in Rio de Janeiro, he frequently contributed to Bloomberg Markets and Businessweek. He won the Overseas PressClub’s award in 2010...

Getting back in the business journalism game

Talking Biz News - Thu, 02/26/2015 - 15:06
Leena Rao, a former TechCrunch managing editor who has been with Google Ventures, writes on Medium about why she is returning to business journalism by accepting a job at Fortune as a senior writer....

For Macy's, going downmarket looks like the way ahead

Breaking Business News - Thu, 02/26/2015 - 14:10
(Reuters) - Macy's Inc's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States.

Fortune announces hires, promotions

Talking Biz News - Thu, 02/26/2015 - 14:08
Fortune editor Alan Murray sent out the following announcement on Thursday: I am very happy to announce a big group of new hires and well-deserved promotions of Fortune staffers. First, in an exciting move,...

CNBC Digital has best month ever in January

Talking Biz News - Thu, 02/26/2015 - 14:00
CNBC’s digital operation posted its best month ever with 24.1 million unique visitors in January, up 83 percent compared to last year at this time, according to the October 2014 comScore Multi-platform Report US....

Fed's Bullard sees spring price rebound, summer rate hike: CNBC

Breaking Business News - Thu, 02/26/2015 - 14:00
NEW YORK (Reuters) - The Federal Reserve should make a change to its policy statement next month that would allow it to monitor inflation readings through the spring and then hike interest rates some time in the summer, a top Fed official said on Thursday.

How Sands fell from grace at Standard Chartered

Breaking Business News - Thu, 02/26/2015 - 13:48
LONDON/HONG KONG (Reuters) - In summer 2012 Peter Sands was flying high as Standard Chartered Chief Executive, batting back questions on whether he was tempted to run Barclays or even the Bank of England.