| Global equities tumble, U.S. markets closed | |
Stock markets around the world reeled on Friday with the heaviest falls in...
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| Google ordered to give access to YouTube |
Google has been ordered to allow entertainment giant, Viacom, access to details of the video-watching habits of visitors the YouTube...
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| Jobs go in big US downturn |
US firms have made redundant 60,000 Americans over the past...
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| Spending power lacking in UK economy |
UK consumer spending power has fallen due to a large rise in the cost of...
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| Concorde crash leads to court |
An Air France Concorde aircraft which crashed in 2000, killing 113 people, is the subject of a court case in the US, for which people are to stand trial for...
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| Regulators insist on safety measures for death park |
US regulators in the US state of Georgia have said a popular amusement park will have to increase the size and number of warning signs near its roller...
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| UAE buys more non-oil products from Saudis |
The UAE leads other Gulf States in the import of non-oil products from Saudi...
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| Peru copper miners want slice of the action |
Peru copper prices have soared since a nationwide mining strike began on...
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| South Korean leader says protestors should stop |
South Korean President Lee Myung-bak has warned his government will not tolerate further street protests against US meat...
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| European central bankers increase rates |
The European Central Bank has raised interest rates by one quarter of a percent, from 4.00 to 4.25 percent....
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| UK builds two new aircraft carriers |
Two new aircraft carriers will be built by the British Government at a cost of US$8...
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| US stocks mixed amid another record day for oil |
US stock indices saw mixed results Thursday as oil prices continued climbing to record highs and the US economy shed more...
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| China worried over foreign funds inflow |
BEIJING: China's foreign exchange administrators are worried about the sudden increase in the foreign inflows that cannot be explained in terms of trade surplus, equity investments or foreign...
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| Wall Street hanging in the balance |
Wall Street heads into a key corporate earnings season with sentiment hammered amid a record surge in energy costs that has dampened prospects for an economic...
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| Lamy invites leaders to strike deal |
GENEVA: July is "the moment of truth" for a long-sought global trade pact, the failure of which would erode economic growth, sour diplomatic ties and hurt poor countries, the World Trade ...
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| Oil at $145 as Saudis refuse to boost output |
BANKOK: Oil prices remained near record highs above $145 a barrel in Asia after Saudi Arabia's oil minister suggested his country doesn't plan to boost production. Light, sweet crude for...
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| G8 leaders face gravest economic woes |
SAPPORO: Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic ...
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| To Preserve, Protect and Defend ... |
The Declaration of Independence is signed. It will take 117 years before someone gets around to saying, "Hey, maybe we should preserve this thing." ...
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| Kakkar is regional head of Unilever |
MUMBAI: Hindustan Unilever executive director (sales & customer development) Sanjiv Kakkar has been appointed chairman, Unilever Russia, Ukraine and Belarus (RUB), with effect from the month ...
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| French bank body fines SocGen $6 million over Kerviel |
PARIS (Reuters) - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro...
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| Orient-Express Hotels Ltd. Second Quarter 2008 News Release and... |
OEH (http://www.orient-express.com) will release its second quarter earnings on Wednesday August 6, 2008 after the market closes and will host a conference call on Thursday August 7, 2008 at 10.00...
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| Iran optimism steadies oil price |
The price of oil fell back on Friday, on hopes Iran would react positively to proposals to resolve a dispute over its nuclear development programme. However, prices stayed near the highs of more...
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| European stocks down; Asian markets mixed amid high oil prices, uneven US economic data |
Louise Watt July 4, 2008 - 11:04 a.m. LONDON (AP) - European markets fell and Asian markets were mixed Friday as investors digested uneven readings on the U.S. economy and oil prices that...
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| Exxon Mobil to book $1.6 bln gain on Germany sale |
) said in a filing late Thursday it'll book third-quarter after-tax earnings of $1.6 billion on the sale of interests in a natural gas transport business in northern Germany. The transaction,...
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| State crackdown nabs 28 on unemployment-benefits fraud |
A stepped-up statewide effort to crack down on unemployment-benefits fraud has ensnared 28 Long Islanders, who are accused of receiving a total of more than $205,000 in payments illegally. ...
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| UBS may post small loss for 2Q |
UBS AG , Switzerland's largest bank, said Friday it expects its second-quarter results to be "at or slightly below break-even" due to a tax credit that will offset investment losses and said it won't...
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| Wall Street has mixed finish for shortened week |
Wall Street capped a shortened trading week with a mixed finish yesterday after a tame reading on employment but another record high for the price of oil. Stocks had their third dismal week in a...
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| Why Microsoft will win Yahoo |
recent story on the company. And even what does seem like erratic behavior on the part of Microsoft CEO Steve Ballmer et al points toward that inevitable conclusion.To understand why Microsoft...
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| Before Microsoft, Gates Solved A Pancake Problem |
July 4, 2008 · Before Bill Gates became a household name, he went to Harvard. His sophomore year, he was assigned a complicated mathematics problem, which — no surprise — he...
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| Marks & Spencer cut to sell from buy at Citigroup |
) was downgraded to sell from buy at Citigroup after the U.K. retailer's warning on Wednesday. "At this early point in the current U.K. consumer down cycle, with growing input cost pressures...
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| Oil prices fall more than $1 a barrel |
Oil prices fell more than $1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli...
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| retro styled, family sized |
From the people who brought you the Escape, the Edge and the Freestyle/Taurus X comes the Ford Flex, which either will prove that there's always room for one more sport utility vehicle in a Ford...
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| Farmers say salmonella scare has hurt tomato sales |
FRESNO – Expect fewer slices of red, ripe tomatoes next to the grill this holiday weekend. With a salmonella scare causing many customers to shun what's normally a summertime favorite,...
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| BCE buyers finalize funding |
TORONTO (Reuters) - The buyers of telecoms company BCE Inc are sticking to the agreed C$34.8-billion ($34.1 billion) purchase price and have finalized the funding for the deal to go ahead, the...
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| Commerzbank Not Bidding For Citigroup German Operations -Sources |
is likely to make its final choice in the next four to five weeks on a buyer for its German retail banking unit, a person familiar with the matter said in late June. The person in June also said...
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| Court rules that Pringles |
Pringles, the popular snack food in a tube, are not potato crisps, a High Court judge has ruled. Their packaging, "unnatural shape" and the fact that the potato content is less than 50% helped Mr...
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| BHP last to sign iron ore price pact with Baosteel |
BHP said on Friday it had secured a 96.5 percent increase for iron ore lumps and a 79.88 percent increase for fines from China's Baosteel...
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| Call for review of motoring taxes |
A root and branch review of motoring taxation in the UK should be carried out by the Treasury, says motorists' organisation the RAC Foundation. The group says that freezing fuel duty would simply...
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| Investors cosy up to art |
MUMBAI: Investors may not be willing to touch equities with a barge pole, but they still appear to be open to art as an alternative asset class. Contrary to popular belief, the ongoing bearish...
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| Kimmitt confident in U.S. economic fundamentals |
BERLIN (Reuters) - Deputy U.S. Treasury Secretary Robert Kimmitt said on Friday he was confident about the United States' economic fundamentals in the long term despite a current rough patch and was...
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| Oil falls below $145, awaits Iran response |
LONDON (Reuters) - Oil dropped below $145 a barrel on Friday, but was still within sight of record highs reached in the previous session when traders bought into the market ahead of a holiday weekend...
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| Sensex loses its zip in a hurry |
MUMBAI: For the bulls, Wednesday's euphoria was a short-lived one. They were hit hard on Thursday by a triple whammy of rising crude oil prices, a rate hike in Europe, and the economic data...
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| Shire Ltd - Second Quarter 2008 Results Date Notification - 31... |
All PR Newswire news BASINGSTOKE, England and PHILADELPHIA, July 4 /PRNewswire-FirstCall/ -- Shire Limited (LSE:SHP, NASDAQ: SHPGY), the global specialty biopharmaceutical company, will announce...
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| Air France eyes move to railways |
Air France is holding talks on a joint venture that could lead to it offering high-speed rail travel. The airline confirmed reports it was discussing a possible tie-up with Veolia, a French...
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| Tax credit to save UBS from hefty loss |
Stock Buzz ) said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed boost to its share...
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| Baugur investigates switch to UK |
Icelandic investment group Baugur - the name behind Hamleys and House of Fraser - is considering relocating to the UK. Baugur confirmed it was examining the switch plan after the recent sale of...
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| Former Austrian bank boss jailed |
The former head of one of Austria's biggest banks, Bank Fuer Arbeit und Wirtschaft (Bawag), has been jailed for nine-and-a-half years for fraud. Helmut Elsner, 73, Bawag's ex-general director, was...
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| Waiting for Microsoft to turn green |
TWO big things happened at Microsoft this past week. Bill Gates retired from the company after 32 years as co-founder, guiding spirit and undisputed boss. Then, following seven years as its flagship...
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| Austrian court finds BAWAG bankers guilty |
VIENNA (Reuters) - A Vienna court on Friday found the former head of Austrian bank BAWAG P.S.K., Helmut Elsner, guilty of breach of trust for his role in notching up at least 1.4 billion euros ($2.2...
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| Mortgage rates fall, reversing 5-week streak |
Rates on 15-year fixed-rate mortgages dropped to 5.92 percent from 6.04 percent. The five-year adjustable-rate mortgage fell to 5.78 percent from 5.99 percent. The rate on a one-year adjustable-rate...
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