Business and Finance News
 Giant economies discussing free trade
The Italy News.Net
Talks have begun in Melbourne, Australia between eight nations on how to incorporate other countries in the largest free trade area ever seen.
 US Senators ask for currency fairness
The Italy News.Net
Lawmakers in the US have said they want immediate action on the Chinese currency, which they say is being kept artificially low.
Porsche Takes Top Spot In Dependability Study
Seattle Post-Intelligencer
By DAN STRUMPFAP AUTO WRITER NEW YORK -- Porsche shot to the top of a closely watched study of long-term vehicle dependability, overtaking U.S. and Japanese rivals, J.D. Power and Associates said T...
Earnings Watch: Updates, Advisories And Surprises
MarketWatch
+8.67% ) said Thursday its fourth-quarter net income fell to $215.9 million, or $1.29 a share, from $232.3 million, or $1.39 a share, in the year-ago period. Revenue rose to $3.52 billion from $3.49...
Market Snapshot: U.s. Stocks Edge Higher At Open
MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks opened slightly higher Thursday as the number of workers filing weekly jobless claims fell while consumer prices held flat in February, staving off inflation worr...
Ba Strike Going Ahead Despite Talks
Guardian
A British Airways plane takes off from London City airport. Talks between the union and airline have failed to produce a breakthrough. Photograph: Dan Kitwood/Getty Images A three-day strike by
Stv Chief Executive's Pay Cut 40%
Guardian
Rob Woodward, the chief executive of Scottish ITV licensee STV, took a 40% pay cut last year to £418,000 as the broadcaster took measures to ride out the downturn.Woodward, who earned £699,000 in 20...
Papandreou Seeks Eu Aid Deadline, Challenging Merkel
Business Week
March 18 (Bloomberg) -- Greek Prime Minister George Papandreou set a one-week deadline for the European Union to craft a financial aid mechanism for Greece, challenging Germany to give up its doubts a...
Emaar To Finish Dubai Apartment Towers Two Years Late
Business Week
March 18 (Bloomberg) -- Emaar Properties PJSC, the builder of the world’s tallest skyscraper, expects to complete two Dubai apartment towers at least two years late, according to a letter sent t...
Harvard Endowment To Have ’better Year’ On Recovery
Business Week
March 18 (Bloomberg) -- Harvard University’s endowment, which lost more than $10 billion last year, will likely benefit from recovering markets this year, President Drew Faust told reporters tod...
Fedex 4q Earnings More Than Double
Business Journal
FedEx Corp. on Thursday reported third-quarter earnings of $239 million, or 76 cents per share. That’s more than double its profit of $97 million, or 31 cents per share, during the same period a...
Bharti, Vodafone, Rcom, Tatas Bid For 3g
Times Of India
NEW DELHI: India's auction of 3G spectrum received a rousing response from the industry, with top telecom players Bharti, Vodafone, RCom and Tatas today putting in their applications for one of the...
Stocks Mixed After Jobless, Inflation Data
MSNBC
Stocks have been grinding higher over the past five weeks, with the Dow Jones industrial average up about 825 points during that time. The Dow has risen for seven straight sessions. The Standard &...
Bank Watchdogs Nabbed Big Bonuses Too
MSNBC
WASHINGTON - Banks weren't the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The government also was handing out millions of dollars to bank regulato...
Weekly Jobless Claims Dip; Hiring Seen Stagnant
MSNBC
WASHINGTON - The number of newly laid-off workers requesting jobless benefits in the U.S. fell slightly last week for the third straight time. But initial claims remain above levels that would signal ...
Flat Consumer Prices Show Tame Inflation
MSNBC
The Labor Department's report Thursday indicates there is little sign of inflation, which enables the Federal Reserve to keep the short-term interest rate it controls at a record low in an effort to r...
Siemens Announces 4,200 Job Cuts
BBC
German industrial giant Siemens is to cut 4,200 jobs from its IT unit - more than 10% of its worldwide IT workforce.The job cuts, which will include 2,000 in Germany, are set to be made by the autumn ...
Lending To Business Drops Sharply
BBC
Lending to UK businesses weakened in January, according to the latest Bank of England quarterly lending survey.Banks and building societies lent £6.5bn ($9.9bn) less in January, after a drop of ...
Rbs Execs Could Get 400% Bonuses In Shares
Sky News
The bank - 84% owned by the taxpayer – outlined a scheme based on tougher criteria than previous years, but could still reward directors with shares worth up to 400% of their annual pay. Mr Hester ...
Sec, Wall Street Tried To Ease Analyst Curbs: Wsj
Market Watch
BOSTON (MarketWatch) -- A federal judge earlier this week rejected a proposed change to the 2003 legal settlement designed to prevent conflicts of interest in analyst research after the dot-com bubble...
Gamestop Earnings Fall 7%, Shares Up On Outlook
Market Watch
SAN FRANCISCO (MarketWatch) -- GameStop Corp. said Thursday morning that earnings for the fourth fiscal quarter fell 7%, the company's stock rose on a brighter-than-expected 2010 profit outlook from t...
Sen. Shelby: Dodd Bill As Stands Will Not Pass
Fox Business
WASHINGTON -- The bank reform legislation introduced by Senate Democrats will not pass the Senate as currently written, said Sen. Richard Shelby, R-Al, and the top Republican on the Senate Banking Co...
Sec, Wall Street Tried To Ease Analyst Curbs: Wsj
Fox Business
BOSTON -- A federal judge earlier this week rejected a proposed change to the 2003 legal settlement designed to prevent conflicts of interest in analyst research after the dot-com bubble burst, The W...
Ross Stores Profit Rises More Than Expected
Fox Business
NEW YORK -- Ross Stores Inc. , which sells name brand products at a discount, said Thursday that its fourth-quarter profit rose to $142.9 million, or $1.16 a share, from $97.4 million, or 76 cents, a...
European Shares Edge Higher
Fox Business
LONDON -- European shares edged higher on Thursday afternoon to build on annual highs. Healthcare stocks were advancing, with GlaxoSmithKline shares up 2.8% after a generic threat to one of its drugs...
Crude Down, Gold Up After Cpi, Jobless Data
Fox Business
NEW YORK -- Crude oil futures were lower and gold futures stayed higher on Thursday after U.S. reports showed jobless claims fell in the latest week and consumer prices were unchanged in February. Cr...
Gamestop Profit Dips 7%, Outlook Beats Street View
Fox Business
NEW YORK -- GameStop Corp. said Thursday its fourth-quarter net income fell to $215.9 million, or $1.29 a share, from $232.3 million, or $1.39 a share, in the year-ago period. Revenue rose to $3.52 b...
Treasurys, Dollar Up After Jobless Claims, Cpi
Fox Business
NEW YORK -- Treasury prices extended the small gains and the dollar remained higher on Thursday after a report said U.S. weekly jobless claims fell 5,000 to 457,000 in the latest week. A separate rep...
U.s. Stock Futures Rise After Data
Fox Business
NEW YORK -- U.S. stock futures on Thursday turned mildly higher after the government reported weekly jobless claims fell 5,000 to 457,000, while consumer prices remained unchanged in February. Future...
|