Bank Of England Seeks To Assuage Rate Hike Fears
Bank of England Governor Mark Carney sought to assure homebuyers and businesses Wednesday that U.K. interest rates won't rise any time soon due to the economic recovery still being fragile. Though headline figures for growth and unemployment have improved faster than previously predicted, Carney said there are a number of issues that will mean interest rates have to remain low for a while to come. The bank's benchmark interest rate has been at a record low level of 0.5 percent for nearly five years.
Target Debuts An Image-recognition Shopping App
Target is introducing an app that lets users purchase items after scanning magazine ads with their smartphones. It's the latest offering from retailers looking to boost sales with the use of improving image-recognition technology. Starting this month, the app, called "In a Snap," will recognize images for Target's Room Essentials products in 10 home decor magazines including Architecture and Real Simple. A user can simply scan an image and when it is recognized by the app, the item gets added to a shopping cart for potential purchase.
Plane Crash Bodies Removed From War Zone
A train bearing the dead from the downed Malaysian airliner reached Ukrainian government-held territory at long last Tuesday, but the pro-Russian separatists in control of the crash site showed little willingness to allow the full-scale investigation demanded by world leaders. Despite anger over the rebels' handling of the wreckage and suspicions they shot the plane down, the European Union spared Russia sweeping new sanctions Tuesday. The EU imposed punitive measures against Russian individuals but didn't target entire sectors of the economy, preferring to wait for a clearer picture of last week's disaster and Moscow's suspected role.
Emma Stone Annoyed Colin Firth By Live-Texting Him The Entire Bridget Jones: The Edge Of Reason Plot
Working with Colin Firth has its perks. Working with Emma Stone has its drawbacks. In a joint interview to promote Woody Allen's movie Magic in the Moonlight, Stone revealed that she pestered her colleague about his prior work. "I've seen Love Actually about 18 times. I've seen Bridget Jones too many times now. I live-texted Colin the plot of Bridget Jones: The Edge of Reason a few months back while I was watching it. You were very upset with me, if I remember correctly.
Microsoft Reports $23.38B FQ4 Revenue Including $2B In Phone Top Line, Misses With EPS Of $0.55
Today after the bell Microsoft reported its fiscal fourth quarter performance, including revenue for the period of $23.38 billion and earnings per share of $0.55. Analysts had expected the company to earn $0.60 on revenue of $23.00 billion. In the quarter, Microsoft recorded Surface revenue of $409 million. It’s operatingincome totaled $6.48billion. Its revenue figure for the period grew by 18%. That business cost the company $0.08 in earnings per share and lost it $692 million in the quarter.
Bond Insurers Vow To Fight Detroit Financial Plan
Companies that insure Detroit bonds and stand to lose millions repeated a pledge Tuesday to aggressively challenge the city's bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state. Syncora and Financial Guaranty Insurance said retirees and city workers are being given special treatment that's unfair to other creditors.
Senators Warn VA Nominee Of Host Of Problems That Await
Senators considering the nomination of former corporate executive Robert McDonald to take over the Department of Veterans Affairs Tuesday had little to say about him, but plenty to say about the failings of the bureaucracy he would be expected to fix. Sen. Bernie Sanders, I-Vt.
Average Movie Ticket Price Hits $8.33 In Second Quarter
According to the National Association of Theater Owners, the average cost of going to the cinema in the U.S. rose to $8.33 in the second quarter of 2014 as the summer season kicked into high gear. That's up from $7.96 in the first quarter of the year, when there were fewer 3D tentpoles. However, it was notably down from the second quarter of 2013, when the average movie ticket price clocked in at $8.38. The reason for the year-over-year decline could include fewer 3D tickets being bought overall as the appetite for the format wans.
Gaza Blockade Key To Any Israel-Hamas Truce Deal
Ibrahim Zain was driven from his home by Israeli tank fire this week, but says he'd rather endure more Israel-Hamas fighting than accept an unconditional cease-fire he fears will leave in place the blockade of the Gaza Strip. Many Gaza residents say the closure, imposed by Israel and Egypt after Hamas seized Gaza in 2007, is like a slow death: It prevents them from traveling, from importing cement to build homes and increasingly from earning enough to feed their families.
Nick Swisher -- Forget The Gym ... I Toss Kegs To Get Swole!!
Nick Swisher's reputation as one of the best partiers in baseball just hit Van Wilder levels, cause while the rest of the league is tossing around weights to get big ... HE TOSSES KEGS. The Indians 1st baseman appeared on the Discovery Channel show "American Muscle" when host and fitness expert Mike Barwis decided to try some unorthodox training methods on Swisher, including a keg toss. In the clip, Swisher trains in the snow a la Stallone in "Rocky IV."