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  • Italian designers Dolce & Gabbana acknowledge audience at the end of their Spring/Summer 2013 collection at Milan Fashion Week
    Dolce and Gabbana sentenced to jail for tax evasion

    By Manuela D'Alessandro MILAN (Reuters) - Fashion design duo Domenico Dolce and Stefano Gabbana were on Wednesday handed a suspended prison sentence of one year and eight months for hiding hundreds of … More »Dolce and Gabbana sentenced to jail for tax evasion

    Italian designers Dolce & Gabbana acknowledge audience at the end of their Spring/Summer 2013 collection at Milan Fashion Week

    By Manuela D'Alessandro MILAN (Reuters) - Fashion design duo Domenico Dolce and Stefano Gabbana were on Wednesday handed a suspended prison sentence of one year and eight months for hiding hundreds of millions of euros from the tax authorities. The designers, who are nearly as famous as the stars they dress, were not present …

  • A vacant home for sale is pictured in Yonkers
    Mortgage applications tumble as rates rise further: MBA

    NEW YORK (Reuters) - Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday. … More »Mortgage applications tumble as rates rise further: MBA

    A vacant home for sale is pictured in Yonkers

    NEW YORK (Reuters) - Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday. Rates climbed 2 basis points to average 4.17 in the week ended June 14, according to the Mortgage Bankers Association. …

  • Swiss Finance Minister Widmer-Schlumpf speaks during a debate on the Swiss - US tax agreement in Bern
    Switzerland buries U.S. tax law, banks seen at risk

    By Ruben Sprich BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy … More »Switzerland buries U.S. tax law, banks seen at risk

    Swiss Finance Minister Widmer-Schlumpf speaks during a debate on the Swiss - US tax agreement in Bern

    By Ruben Sprich BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy Americans evade tax. The Swiss government has warned that the bill's failure could prompt impatient U.S. prosecutors to …

  • President and CEO of Boeing Commercial Airplanes Conner and Ryanair Chief Executive O'Leary pose during a signing ceremony at the 50th Paris Air Show near Paris
    Orders top $100 billion as Ryanair gives Boeing a boost

    By Alwyn Scott and Maria Sheahan PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth … More »Orders top $100 billion as Ryanair gives Boeing a boost

    President and CEO of Boeing Commercial Airplanes Conner and Ryanair Chief Executive O'Leary pose during a signing ceremony at the 50th Paris Air Show near Paris

    By Alwyn Scott and Maria Sheahan PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets. Ryanair, Europe's biggest low-cost airline, finalized an order for 175 …

  • Traders work on the floor at the New York Stock Exchange
    Wall St. edges lower as Fed statement looms

    By Alison Griswold NEW YORK (Reuters) - Stocks dipped on Wednesday as investors awaited a Federal Reserve statement that could provide clues about the central bank's future stimulus efforts, a key to the … More »Wall St. edges lower as Fed statement looms

    Traders work on the floor at the New York Stock Exchange

    By Alison Griswold NEW YORK (Reuters) - Stocks dipped on Wednesday as investors awaited a Federal Reserve statement that could provide clues about the central bank's future stimulus efforts, a key to the market's current rally. The Fed will release a policy statement at 2 p.m. which will sum up policymakers' views on the …

  • Narayen, president and chief executive officer of Adobe Systems Inc., speaks in New York
    Adobe profit beats as Creative Cloud subscriptions soar

    By Sruthi Ramakrishnan (Reuters) - Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for Creative Cloud, the subscription-based … More »Adobe profit beats as Creative Cloud subscriptions soar

    Narayen, president and chief executive officer of Adobe Systems Inc., speaks in New York

    By Sruthi Ramakrishnan (Reuters) - Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for Creative Cloud, the subscription-based version of its flagship software package. Shares of the company rose 4.4 percent in after-market trading. …

  • Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas
    Softbank closer to acquiring Sprint after Dish abandons bid for now

    By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp … More »Softbank closer to acquiring Sprint after Dish abandons bid for now

    Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas

    By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week. SoftBank Chief Executive Masayoshi Son …

  • An aerial view of the 50th Paris Air Show, at Le Bourget airport near Paris
    U.S. arms companies see rising foreign demand

    By Andrea Shalal-Esa PARIS (Reuters) - U.S. arms makers see rising foreign demand for fighter jets, missile defense systems and other weapons as countries modernize their forces and U.S. officials, facing … More »U.S. arms companies see rising foreign demand

    An aerial view of the 50th Paris Air Show, at Le Bourget airport near Paris

    By Andrea Shalal-Esa PARIS (Reuters) - U.S. arms makers see rising foreign demand for fighter jets, missile defense systems and other weapons as countries modernize their forces and U.S. officials, facing tighter budgets, encourage allies to invest more in intelligence gathering and aerial refueling equipment. U.S. Air …

  • U.S. Federal Reserve Chairman Bernanke speaks during a news conference in Washington
    Fed seen keeping options open on pace of bond buying

    By Alister Bull WASHINGTON (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open … More »Fed seen keeping options open on pace of bond buying

    U.S. Federal Reserve Chairman Bernanke speaks during a news conference in Washington

    By Alister Bull WASHINGTON (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve. Economic data since the 19 officials …

  • Prices are seen on goods in a shop window in New York City
    Inflation data points to firming economy

    By Jason Lange WASHINGTON (Reuters) - Inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want to avoid any chance of a debilitating … More »Inflation data points to firming economy

    Prices are seen on goods in a shop window in New York City

    By Jason Lange WASHINGTON (Reuters) - Inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want to avoid any chance of a debilitating bout of deflation. The Labor Department said on Tuesday the consumer price index edged 0.1 percent higher last month …

  • The Google logo is seen on the top of its China headquarters building in Beijing
    Google challenges surveillance court on First Amendment grounds

    SEATTLE (Reuters) - Google Inc asked the U.S. Foreign Intelligence Surveillance Court on Tuesday to allow it to publish aggregate numbers of national security requests it receives separately from criminal … More »Google challenges surveillance court on First Amendment grounds

    The Google logo is seen on the top of its China headquarters building in Beijing

    SEATTLE (Reuters) - Google Inc asked the U.S. Foreign Intelligence Surveillance Court on Tuesday to allow it to publish aggregate numbers of national security requests it receives separately from criminal requests, on First Amendment grounds. In its filing, Google requested the court to allow it to publish the aggregate …

  • A logo is seen on a wheel of a Porsche 911 Carrera 4S ahead of the annual news conference at the Porsche headquarters in Stuttgart
    Porsche plaintiffs bolstered by court ruling: lawyer

    By Andreas Cremer BERLIN (Reuters) - Investors suing Porsche SE for more than 4 billion euros ($5.4 billion) over its failed attempt to take over Volkswagen in 2008 may take encouragement from a German … More »Porsche plaintiffs bolstered by court ruling: lawyer

    A logo is seen on a wheel of a Porsche 911 Carrera 4S ahead of the annual news conference at the Porsche headquarters in Stuttgart

    By Andreas Cremer BERLIN (Reuters) - Investors suing Porsche SE for more than 4 billion euros ($5.4 billion) over its failed attempt to take over Volkswagen in 2008 may take encouragement from a German court ruling on Wednesday, a lawyer said. The regional court in Braunschweig, northern Germany on Wednesday assigned one …

  • Handlers scan and affix a courier route label onto packages moving down the belt at the Marina Del Rey, California FedEx station
    FedEx posts higher-than expected profit, will cut more capacity

    By Nivedita Bhattacharjee (Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting … More »FedEx posts higher-than expected profit, will cut more capacity

    Handlers scan and affix a courier route label onto packages moving down the belt at the Marina Del Rey, California FedEx station

    By Nivedita Bhattacharjee (Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia. The company, considered an economic bellwether because of the massive …

  • A smartphone user shows the Facebook application on his phone in Zenica, in this photo illustration
    Exclusive: Facebook reaches 1 million active advertisers

    By Jennifer Saba (Reuters) - Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive … More »Exclusive: Facebook reaches 1 million active advertisers

    A smartphone user shows the Facebook application on his phone in Zenica, in this photo illustration

    By Jennifer Saba (Reuters) - Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth. A vast majority of those advertisers are small business owners who have flocked to the world's No. …

  • Traders work on the floor at the New York Stock Exchange
    Wall St. extends rise, investors see no change in Fed policy

    By Ryan Vlastelica NEW YORK (Reuters) - Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected … More »Wall St. extends rise, investors see no change in Fed policy

    Traders work on the floor at the New York Stock Exchange

    By Ryan Vlastelica NEW YORK (Reuters) - Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts. Strong market breadth showed an increased appetite for equities, but trading volume …

 

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