Top News

  • GM profits hit by cost of recalls
    Story 2014-04-24 18:33:01 UTC
    The faulty switches could turn off the engine, disabling the airbags and have been linked to at least a dozen deaths. The firm says it also incurred $300m in restructuring costs, mostly in Europe. As a result net income was $125m, compared w...
  • Facebook profits triple as revenues surge on mobile platform success
    Facebookphoneap 2014-04-24 17:59:33 UTC
    Facebook profits tripled to $642m as revenues soared 72% in the first quarter of 2014, with the company continuing to shift its customers – and advertisers – to its mobile platform. Comfortably beating analysts’ expectation the company said Wed...
  • US President Obama embarks on weeklong Asia tour
    Obama 2014-04-23 08:29:07 UTC
    Japan was preparing for Obama's arrival on Wednesday, the first stop of the US president's trip that will also see him visit South Korea, Malaysia and the Philippines. Obama's three-day stop in Japan, his first visit to the country since 2010, wi...
  • Obama set to back Japan in islands dispute as Asia tour begins
    Obama-diaalnews.com 2014-04-22 20:33:46 UTC
    Barack Obama is expected to offer guarded support for Japan in its bitter territorial dispute with China over a group of islands in the East China Sea, as Washington seeks to reassure its Asia-Pacific allies of its commitment to regional security ...
  • US supreme court upholds Michigan law that bans affirmative action
    56f0e9c7b354b401480f6a706700ecc9 2014-04-22 20:26:35 UTC
    A ban on affirmative action policies that favour minority students has been upheld by the US supreme court, in a ruling that racial equality campaigners claim is as significant a setback for the civil rights movement as the court's recent reversal...
  • Gillette's New Razor Could Overturn Its 100-Year-Old Business Model
    Diaalnews.com-gillette 2014-04-21 08:40:55 UTC
    Procter & Gamble (PG), which hasn’t done a whole lot on the innovation front since the Swiffer in 1999, has a new Gillette razor in the works. The Wall Street Journal got its hands on some secret documents that show a relatively standard face t...
  • In India, Mobile Ads Mean Phone Calls
    Phone_505_082313085522 2014-04-21 08:35:32 UTC
    In many parts of the world, businesses relentlessly market to customers via their Web-connected smartphones, slipping pitches into everything from interactive games to graphics-laden productivity apps. Not so in rural India: To better reach the co...
  • Weibo shares surge on US debut, despite low opening price
    _73197311_460308663-1 2014-04-18 21:30:34 UTC
    <h3>Shares in China's Weibo, a Twitter-like service, rose by almost 20% on their first day of trading on the US stock market, after a lukewarm start.</h3>The company's flotation on the Nasdaq stock exchange had initially raised a less-than-expecte...
  • Morgan Stanley's profits jump but Goldman Sachs's fall
    98502547 2014-04-18 21:26:57 UTC
    <h3>US banking giants Goldman Sachs and Morgan Stanley have reported contrasting results for the first quarter of the year.</h3>Goldman Sachs' net earnings fell to $2.03bn from $2.26bn after a drop in revenues from its bonds, currency and trading ...
  • Iran has cut higher-enriched uranium stock 'by half'
    Iran_says_to_produce_more_low-enriched_uranium-diaalnews.com 2014-04-17 11:55:03 UTC
    Iran has neutralised half of its higher-enriched uranium stockpile, as per a deal agreed earlier this year, the world's nuclear watchdog says. The International Atomic Energy Agency has been checking Iran's adherence to the deal, struck with si...
  • Jimmy Carter says oil pipeline shouldn't be approved
    Jimmy-carter-diaalnews.com 2014-04-17 10:30:25 UTC
    For the first time, a former U.S. president has come out against the Keystone XL pipeline. The ex-president in question is Jimmy Carter. The 39th president joined a group of Nobel laureates to sign a letter urging the current commander-in-ch...
  • Google shares drop on worries over advertising income
    Balance-supersized1-1024x557 2014-04-17 09:23:30 UTC
    Shares in Google have dropped 5% despite the technology giant reporting a first-quarter profit rise of 3%. Profits were $3.45bn, but investors are preoccupied by Google's inability to maintain advertising prices. A widely watched measure, th...
  • Stocks finish higher on turnaround Tuesday
    3806f111d65ce112330f6a7067004243 2014-04-16 02:22:59 UTC
    Investors seemed to have trouble making up their minds Tuesday. Stocks rallied out of the gate, then languished for most of the day before sprinting into the close. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq all ended the day hi...
  • GM: 'We know the world is watching'
    140410091313-mary-barra-engineers-620xa 2014-04-16 01:33:03 UTC
    GM CEO Mary Barra announced that the automaker has created a new global product integrity unit to ensure that a "situation like the ignition-switch recall doesn't happen again." Speaking at the New York Auto Show, Barra acknowledged that GM still...
  • U.S. Stocks Fall as JPMorgan Drops, Tech Shares Fluctuate
    22ae1b9a334b09213f0f6a7067001ecf 2014-04-11 16:17:29 UTC
    U.S. stocks fell, after the biggest drop for the Standard & Poor’s 500 Index in two months, as technology shares swung between gains and losses while JPMorgan Chase & Co. slid on disappointing earnings. JPMorgan lost 3.4 percent as profit fell ...
  • Obama Banks on Sebelius Leaving to Take Heat Off Party
    Diaal- 2014-04-11 16:13:26 UTC
    The departure of Kathleen Sebelius from President Barack Obama’s cabinet removes a focal point for criticism over Obamacare’s troubled rollout, right at a moment when the White House can blunt attacks with enrollment numbers that exceeded targets....
  • Ukraine crisis: Putin demands advance payment for gas
    Put 2014-04-10 06:21:12 UTC
    In Moscow, President Vladimir Putin appeared in little mood for negotiation, threatening in a cabinet meeting to demand that Ukraine pay for its gas in advance – a move he said would "correspond with the contract" between Ukraine and Russia. Th...
  • US undocumented Latinos living in fear
    Latinos-diaalnews.com 2014-04-10 05:58:53 UTC
    The rainforests around Forks, a small town in Washington state, have long attracted hunters and fishermen, but beginning in 2008, this lush, remote landscape acquired a new breed of pursuer and prey. That year, Border Patrol agents started targ...
  • California Ranked Lowest in Government Data Access Study
    California-diaalnews.com 2014-04-09 08:41:02 UTC
    California, the U.S. state with the largest population and budget, offers the least website access to its government spending data, according to an analysis by the New Jersey Public Interest Research Group. Alaska and Idaho also got failing gra...
  • Toyota recalls 6.5m cars worldwide
    Japan-carmakers_2532941b 2014-04-09 08:17:56 UTC
    Toyota is recalling more than 6.5m cars worldwide to fix a variety of problems, including faulty steering wheels and seats. The recall affects 35,000 cars in the UK, including some RAV4, Hilux, Yaris and Urban Cruiser models – a figure revised ...
  • Gas war: Ukraine refuses to pay increased prices set by Russian firm
    Gty_oil_sands_mi_130301_wblog 2014-04-06 23:23:22 UTC
    The prospect of a new gas war between Russia and Ukraine drew closer at the weekend as the government in Kiev said it would refuse to pay for gas at a new, inflated price set by Gazprom last week. The dispute comes as tensions in eastern Ukraine r...
  • Nigeria overtake South Africa and becomes Africa's biggest economy
    Data-488x330 2014-04-06 16:46:47 UTC
    Nigeria has "rebased" its gross domestic product (GDP) data, which has pushed it above South Africa as the continent's biggest economy. Nigerian GDP now includes previously uncounted industries like telecoms, information technology, music, onli...
  • Google Shareholder Votes Can Be Worth Less Than Zero
    Goog-googl 2014-04-03 18:50:08 UTC
    What is the worth of a Google (GOOG) shareholder vote? One correct answer has always been: not much. Since the company went public in 2004, its stock has come in two flavors: Class A shares, which come with one vote apiece; and Class B shares, ...
  • Yahoo unveils encryption measures to protect users' data
    3f2d8ef76600ee03270f6a70670084b4 2014-04-03 17:52:10 UTC
    Yahoo has announced major steps to encrypt its users' data in the wake of whistleblower Edward Snowden’s revelations about the extent of government surveillance of private citizens. Alex Stamos, Yahoo’s recently appointed chief information secu...
  • Obama healthcare 'here to stay'
    Obama-biden-diaalnews.com 2014-04-02 07:21:20 UTC
    US President Barack Obama says his embattled signature healthcare programme is "here to stay" after more than 7 million Americans signed up. He told reporters the law, nicknamed Obamacare, represented progress and benefitted the economy. Mr ...