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Business: Page 1417

Office space in China to increase 80 percent
China officesMay 13, 2013 ET
China's grade A office rent is under pressure because of a already high base, weakening demand and rising supply. However, new buildings are under way.
Biggest bank hack: $40 million gone in 10 hours
Bank hackMay 10, 2013 ET
A global group of cyber criminals stole $45 million from two Middle Eastern banks by hacking into credit card processing companies and withdrawing money from ATMs in 27 countries, U.S. prosecutors said.
What to choose when neither choice is right?
BrokersMay 10, 2013 ET
Suppose you have $1,000 to invest in the stock market. How would you decide to pick one stock over another? Scientists have made great progress in understanding how people choose between similar options.
Bad hire will cost your company $50,000
Bad hireMay 10, 2013 ET
A new study from CareerBuilder shows that hiring the wrong person can have serious implications for companies: the average loss per bad hire is $50,000.
New Zealand central bank: house prices are dangerous
New ZealandMay 9, 2013 ET
While the New Zealand's financial system remains sound, developments in private sector credit and the housing market point to increasing risks to financial stability in the country, said Reserve Bank Governor Graeme Wheeler.
Cancer specialists accusing big pharma
Cancer drugMay 8, 2013 ET
More than 100 doctors from around the world have denounced the "astronomical" costs of cancer drugs. They suggest that pharmaceutical companies are engaged in unethical profiteering.
U.S. Senate passes online taxes bill
Online retailersMay 8, 2013 ET
The U.S. Senate has passed a bill that would impose sales taxes on online retailers. The bill now goes to the House of Representatives, where some Republicans oppose it.
Australia's interest rates back to 1959 level
Australia central bankMay 8, 2013 ET
Australia's central bank cut interest rates to 2.75 percent as investment in the mining sector hits its peak and the strong dollar endangers local industry.
Italian economy to shrink, unemployment to explode
Italian economyMay 7, 2013 ET
Italy's economy is to shrink by 1.4 percent this year and grow by 0.7 percent next year while unemployment will rise to a record high of 12.3% in 2014, according to the national statistics agency ISTAT.
EPA to give $569 million for Sandy water treatment
U.S. Environmental Protection Agency (EPA) SandyMay 6, 2013 ET
The U.S. Environmental Protection Agency (EPA) will provide grants of $340 million to the state of New York and $229 million to the state of New Jersey for water treatment facilities impacted by Hurricane Sandy.
New York tobacco retailers blame mayor for black market
New York tobaccoMay 6, 2013 ET
The New York Association of Grocery Stores railed against the New York City Mayor Michael Bloomberg's proposal to ban in-store displays of tobacco.
Soft drinks sales hit by diabetes research
Soft drinksMay 6, 2013 ET
The global market for soft drinks stands at around $300 billion annually, according to MarketLine. However, producers won't like the newest study that connects soft drinks and type 2 diabetes.

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