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  • Board approves News Corp split into two entities Board approves News Corp split into two entities

    WASHINGTON - Rupert Murdoch's News Corporation Friday announced the planned separation of the $76-billion conglomerate into two distinct publicly traded companies, with one to be renamed 21st Century Fox and the publishing firm to retain the News Corp brand. The split has been formally approved by the Board of Directors. The Company announced appointments to the Boards of Directors of both ...

  • China to allow US auditors access to records of Chinese firms China to allow US auditors access to records of Chinese firms

    BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...

  • Croatia looking to oil exploration in Adriatic Sea to revive economy Croatia looking to oil exploration in Adriatic Sea to revive economy

    ZAGREB/LONDON - Croatia, soon to become the 28th member of the European Union,- is looking to undiscovered oil and gas fields in the Adriatic Sea to revive its ailing economy, according to the country's president. Ivo Josipovic told CNN that Croatia is searching for partners in the energy sector to help reveal oil and gas "green fields" in the waters that separate the Balkan nations and ...

  • Amazon ventures into fan fiction promotion Amazon ventures into fan fiction promotion

    WASHINGTON - Amazon, the largest online retailer of books, movies, music and games, Friday offered its Kindle e-book platform to fan fiction authors to sell some of their work. Fan fiction is literature inspired by popular books, shows, movies, comics, music, and games. Publication outside of blogs and online fanzines is often difficult because of copyright issues. Amazon Publishing has ...

  • China central bank report promises financial sector reforms China central bank report promises financial sector reforms

    BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...


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Movie Review

The Sum of All Fears

Roughly halfway through The Sum of All Fears, the worst thing imaginable happens: A small nuclear weapon placed by terrorists explodes in a major American city, killing tens of thousands of people and decimating a mile-wide area. During the Cold War era, the fear was that a massive nuclear strike would be launched against the U.S. by the Soviet Union, resulting in an unwinnable war that wo ... ...

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  • UK urged by IMF to bring forward high value spending

    LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

  • Recovery Return of the Opportunity Entrepreneur

    small businesses . It was a bittersweet accomplishment for many new moms and pops, who became known as necessity entrepreneurs. Now five years later as the recovery gains traction, new data shows the tables have turned. Instead of necessity-driven new businesses, more U.S. entrepreneurs are launching ventures based on perceived opportunities, growth ambitions and a broad optimistic outlook--a ...

  • Walt Disney One man and his mouse... and how they blighted our world

    If you wanted to nominate the most influential Americans of the 20th century, you could begin with politicians and artists. But those choices misunderstand the country and the way it regards desire, and irrational desire, as human rights. Americans call that the pursuit of happiness. And feeling good about yourself depends on services, facilities, panaceas, and shopping. So you'd have to ...

  • Video Rent your car while youre out of town

    The premise of a startup in northern California is to put your car to work, while you take a vacation. Travelers can leave their cars at the airport and visitors then can rent them for a minimal daily rate. "Flightcar" doesn't promise a payout, but if you leave your car you don't have to pay for parking. Julie Watts ...

  • Video Money can buy happiness if spent properly

    Can money buy happiness? Anthony Mason speaks with Harvard Business School associate professor and author of "Happy Money" Michael Norton about how certain spending can bring ...

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