XML Business News

Electronics Couple Joins New China Billionaires

published about 3 hours ago
The boom in China stock prices that has created more than 100 new billionaires and billionaire families in the past month is continuing this week. Here are some of this week's newcomers that we haven't posted on previously:

US Presses Europeans at Meeting to Solve Greek Crisis

published about 3 hours ago
Finance ministers tackle growth worries amid worries about potential 'accident' with Greece

Microsoft to hike by 13 percent its user client-access license prices as of August 1

published about 3 hours ago
Microsoft to hike by 13 percent its user client-access license prices as of August 1
Microsoft will be raising the price of its User client-access licenses (CALs) for a number of its on-premises server products, including Windows Server, Exchange, SharePoint and System Center, by 13 percent.

Spotty Storms Friday Afternoon Ahead Of Chilly Weekend

published about 3 hours ago
Spotty Storms Friday Afternoon Ahead Of Chilly Weekend
Friday will be warm and muggy, with temperatures reaching the low 80s, and spotty showers and storms firing up in the afternoon. Then, as a cold front moves in overnight, more organized storms will move in from the west. Skies should clear Saturday morning, but cooler temperatures will dominate over the weekend.


U.S. GDP Fell 0.7% in First Quarter

published about 3 hours ago
U.S. GDP Fell 0.7% in First Quarter
The U.S. economy contracted early this year as harsh weather and a strong dollar sapped demand for American goods, underscoring the choppiness of an expansion ... more

Career Coach: Atten-hut! Here’s how to make the transition to civilian life

published about 4 hours ago
Recently, I had the pleasure of talking to one of our Robert H. Smith School MBA alums, Christina Nichols, who had received a presidential commendation ... more

Level 3 Tries to Waylay Hackers

published about 5 hours ago
Level 3 Tries to Waylay Hackers
Internet traffic carrier Level 3 Communications is taking an aggressive—and some say risky approach—to hacking by monitoring for criminal groups and isolating traffic believed to ... more

Switzerland's Economy Shrinks

published about 8 hours ago
Switzerland's Economy Shrinks
Switzerland’s economy contracted for the first time in 4½ years in the first quarter as the strength of the Swiss franc hit foreign demand for ... more

Data Giant Equinix to Acquire Telecity

published about 8 hours ago
Data Giant Equinix to Acquire Telecity
U.S. data center operator giant Equinix won a scramble to acquire U.K.-based peer Telecity Group in a cash and share offer worth $3.60 billion.
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Gold to bind Phoenix IT, Daisy, Cisco

published about 3 hours ago
Certified Daisy tables formal bid, shareholders ready with a ‘My Precious’ Phoenix IT is likely to rekindle its partnership with Cisco when the Daisy Group ... more

Surging dollar value brightens Tech Data’s European revenues

published about 4 hours ago
Overall sales down 12 per cent on year, but better than estimates The unfavourable forex rate leaving US vendors with a damp patch on their ... more

With Broadcom exit, headquarters flight from Southern California continues

published about 5 hours ago
With Broadcom exit, headquarters flight from Southern California continues
Irvine chip maker Broadcom Corp. is the latest of many corporate headquarters to exit Southern California, leaving the business community puzzling over the causes and ... more

Softcat preps for IPO, closes in on brokers

published about 5 hours ago
Credit Suisse, Jefferies tipped to run the process for reseller juggernaut Softcat is preparing the groundwork for its flotation on the London Stock Exchange with ... more

Broadcom's co-founders built a behemoth as a formidable team

published about 13 hours ago
Broadcom's co-founders built a behemoth as a formidable team
The Broadcom tale of the two Henrys is a study in contrasts: one man deliberate and reserved, the other anything but.

U.S. warns G7 of global economy 'accident' without Greece deal

published about 2 hours ago
U.S. warns G7 of global economy 'accident' without Greece deal
By David Ljunggren and Paul Carrel DRESDEN, Germany (Reuters) - The United States warned on Friday of a possible accident for the world economy if ... more

Stocks open slightly lower after economic data disappoints

published about 2 hours ago
Stocks open slightly lower after economic data disappoints
NEW YORK (AP) — U.S. stocks were moderately lower in early morning trading Friday after the government reported that the U.S. economy contracted in the ... more

US consumer sentiment drops in May

published about 2 hours ago
US consumer sentiment drops in May
WASHINGTON (AP) — A weak U.S. economy pulled down consumer sentiment in May.

Greek Bank Deposits Fall Further

published about 2 hours ago
Embattled Greek banks have been hit with more damaging data that showed savers withdrew funds at a rapid clip in April. But some high-profile investors ... more

Canada economy unexpectedly contracts in first quarter, investment dips

published about 3 hours ago
Canada economy unexpectedly contracts in first quarter, investment dips
Canada's economy unexpectedly took a step back in the first quarter with its biggest contraction in nearly six years as business investment and exports fell, ... more

Wealth Matters: Selling Private Collection of Artifacts Requires Special Care

published about 2 hours ago
Wealth Matters: Selling Private Collection of Artifacts Requires Special Care
Sellers should ask tough questions of the auction houses or galleries that want to represent them, and be reasonable about the value of their collections.

Retiring: Strengthening Troubled Sibling Bonds to Deal With an Aging Parent

published about 3 hours ago
Retiring: Strengthening Troubled Sibling Bonds to Deal With an Aging Parent
The growing field of elder mediation is helping sisters and brothers overcome personal differences that can complicate end-of-life decision making.

Your Money Adviser: Appeal of Savings Bonds Wanes in Ultralow Interest Environment

published about 20 hours ago
With Series I savings bonds currently earning zero percent interest, even a Treasury official acknowledges that little is there to motivate a purchase.

Borrowing to Replenish Depleted Pensions

published 1 day ago
Borrowing to Replenish Depleted Pensions
Cities and states facing ballooning obligations in public workers’ retirement plans are finding increasing appeal in an arbitrage play in the bond markets.

Sketch Guy: With Short-Term Goals, Go for a Bird in the Hand

published 2 days ago
Sketch Guy: With Short-Term Goals, Go for a Bird in the Hand
The return on an investment is not nearly as important as having the money there when it’s needed, a financial planner writes.