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Penguin CEO takes stand in Apple e-books antitrust case
"The fact that the parity clause was in the contract more or less made it a given we'd have to be at agency," Shanks said in the deposition.
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Dollar set to rise 10 percent on high yields
Denmark's Saxo Bank A/S is the most optimistic in the survey, predicting a 9 percent increase to 90.2, followed by Royal Bank of Scotland Group PLC, which estimates the gauge will jump 7 percent to 88.6. The greenback advanced 4.5 percent against a ...
Publishers gave Amazon "ultimatum" over e-book pricing: executive
The Justice Department, which says Apple orchestrated the price-fixing scheme, contends the price parity clause was designed to compel publishers to move Amazon to the agency model.
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Canary in Coal Mine Gasps as Australia Resource Jobs Fall
That's too late for some manufacturers who have struggled to compete during the Aussie's longest streak above parity with the U.S. dollar in 30 years. Ford Motor Co. (F) announced on ... �There's very low demand for labor at the moment in the coal ...
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I. Economic data
The USD/CNY central parity rate was at 6.1607 Friday, 5 basis points stronger than on the previous trading day-hitting the highest level since China revalued its currency in 2005.
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BG Says Australian LNG Project on Budget
BRISBANE, Australia--Attempting to calm investor fears of more cost blowouts, the head of BG Group PLC's (BG.LN) Australian unit ... Mr. Fisher said the company's current cost estimate assumed the Australian dollar would remain at parity with the U.S ...
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North Sea Forties at Two-Week High; Buzzard Oil Field to Restart
North Sea Forties crude rose to the highest in more than two weeks as Petroineos, the joint venture between PetroChina Co. and Ineos Group Holdings SA, bought the grade. BP Plc sold a cargo of Oseberg. The Buzzard oil field will start in the middle of ...
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Total Buys Forties at Lower Price; Oseberg Crude Exports to Drop
That compares with the last trade at parity to the benchmark on June 3. Glencore Xstrata Plc didn't manage to buy the blend for June 20 to June 26 at 5 cents a barrel less than Dated Brent, while Eni was unable to find sellers for the grade for June 23 ...
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Canadian Dollar Weakens Amid Speculation Fed to Reduce Easing
�The market seems to be preparing for some discussion about the end of QE, which will give the dollar more strength and should weigh on the Canadian dollar,� David Watt, chief economist at the Canadian unit of HSBC Holdings Plc, said by phone from ...
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Aussie's China ties boomerang in G-10's biggest cuts
SYDNEY, Australia�China's slowdown is reverberating in Australia, where strategists are cutting their estimates on the local dollar faster than any other Group of 10 (G-10) currency on the prospects for reduced trade between the nations. The median ...
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