Category Archives: business

Exclusive: Jimmy Choo to pledge industry-beating growth in expected IPO

By Astrid Wendlandt By Astrid Wendlandt PARIS (NEWS.GNOM.ES) – Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere, a source close to the deal told NEWS.GNOM.ES. The upmarket shoe maker, known for its stilettos worn by Hollywood and Asian stars alike, will decide in the coming days whether it goes ahead with the initial public offering (IPO), depending on market conditions. Continue reading

IMF warns of risks from ‘excessive’ financial market bets

WASHINGTON (NEWS.GNOM.ES) – The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday. The IMF, an institution based in Washington that is the world’s premier watchdog for financial and economic stability, said in a report it still expects economic growth will pick up in the second half of 2014 after a rough start to the year. Continue reading

Dow closes at record high after Fed holds rate course

By Nicole Goodkind The latest statement from the FOMC was a considerable disappointment to Fed watchers who were hoping Fed Chair Janet Yellen would hint at when the central bank might raise short-term interest rates which have been hovering near 0%.  Fed watchers have been waiting for the central bank to trim the phrase  the “considerable time,” which the Fed decided to retain at the conclusion of its latest meeting Wednesday. Under current guidance, most Federal Reserve officials believe the first rate hikes won’t begin until 2015. When asked to clarify her stance on when rates may rise, Yellen remained vague, saying there is no, “ mechanical interpretation ” of considerable time and that, “ It is highly conditional and it is linked to the committee’s assessment of the economy.” “I think the Fed had a great opportunity to eliminate that ‘considerable time’ language today,” says Bob Brusca, Chief Economist at FAO Economics, “at a time that the inflation data are very benign they could take that off and everybody could see that there’s no reason for rates to go up Continue reading

Panthers remove Hardy from active roster

CHARLOTTE, N.C. (AP) — The Panthers have removed Greg Hardy from the team’s active roster until the Pro Bowl defensive end’s domestic violence case is resolved. Carolina general manager Dave Gettleman said Hardy will continue to be paid and is allowed to be at the team facility, but will not practice Continue reading

US military role in Iraq raises combat questions

In this Sept. 16, 2014, photo, Defense Secretary Chuck Hagel, left, and Army Gen. Continue reading

AP Interview: Iraq premier nixes US ground troops

By VIVIAN SALAMA and QASSIM ABDUL-ZAHRA, Associated Press BAGHDAD (AP) — Iraq’s new prime minister ruled out stationing U.S. ground troops in his country, chiding the international community Wednesday for inaction in Syria and lamenting the “puzzling” exclusion of neighboring Iran from the coalition being assembled to fight the Islamic State group. Continue reading

Fed Maintains Status Quo

Pointing to a not-quite-strong-enough job market, the Federal Open Market Committee said Wednesday it’ll maintain its level of short-term interest rates near zero “for a considerable time” after ending its large-scale asset-buying program. Rates have been kept low since the end of 2008 to spur banks to make loans and households to spend money. Continue reading

Carbon Capture’s Moment in the Sun

Its time has come. Earlier this month, in the very same week, one of the world’s largest carbon capture and storage projects broke ground outside Houston, and theEnvironmental Protection Agency granted permits to collect and inject liquefied carbon dioxide underground for a project in Illinois. Continue reading

Toronto Mayor Rob Ford diagnosed with rare cancer

(Reuters) – Toronto Mayor Rob Ford has a very rare and difficult type of cancerous tumor, his doctor said on Wednesday, adding he would start chemotherapy treatment within days. Continue reading

Online sleuths aid probe into gay couple’s beating

By MARYCLAIRE DALE, Associated Press PHILADELPHIA (AP) — Police searching for a group of people suspected in the beating of a gay couple got an outpouring of help from Twitter and Facebook users, who located a photo of the clean-cut young men and women at a restaurant and helped match names to faces. Attorneys representing a number of those seen in the video notified police they would bring in their clients to tell their side of the story, a police spokesman, Sgt. Eric Gripp, said. Continue reading