Business and Finance News
- U.S. stock markets close in positive territory
India's News.Net
U.S. equity markets had a rare up day Wednesday with all indices finishing in the black.
- Fannie Mae fights back but loses executives
India's News.Net
Mortgage finance giant Fannie Mae has made changes to its executive ranks, after investors appeared less certain a government bailout of the company might be imminent.
- Durable goods statistics improve in US
India's News.Net
New orders for long-lasting US manufactured goods rose by a surprise 1.4% in July, led by a big increase in civilian aircraft sales.
- Bangladesh scientists turn waste into oil
India's News.Net
Scientists in Bangladesh have developed ways to produce petroleum from degradable organic municipal waste and are now studying its feasibility before going to commercial production.
- Qatar National buys stake in Dubai bank
India's News.Net
Qatar National Bank has bought 24 per cent of Dubai's Commercial Bank International for US$302 million.
- Japanese cars picked up across the board
India's News.Net
Strong demand has improved global sales for Japanese cars.
- US dollar once again in decline
India's News.Net
The dollar has lost ground against the euro, a day after hitting a six-month high against the single currency.
- Oil prices rise due to hurricane
India's News.Net
Oil prices rose to above $117 a barrel Wednesday on concerns that Tropical Storm Gustav may disrupt operations in the Gulf of Mexico.
- PetroChina profit down dramatically
India's News.Net
PetroChina's first-half net profit has fallen 34.5 percent.
- Microsoft unveils Internet Explorer 8, its response to Firefox
India's News.Net
Microsoft has unveiled a trial version of a new Internet Explorer designed to fight the growing challenge from Firefox.
- Royal Bank of Scotland hires new non execs
Guardian
... the centralized regulatory reporting team provides regulatory support for a growing number of lines of businesses within the investment bank, including am rates... .
- Savills feels the chill from London property slowdown
Guardian
Savills has seen pre-tax profits tumble by a hefty 41% as the global credit crunch and downturn in the City has dampened demand for its high-value properties.The London-listed consultancy, which...
- Ceremonial shovel again used as South Carolina breaks ground at 2nd site for farmers market
Star Tribune
South Carolina agriculture officials say the new State Farmers Market should be finished by the time the tomatoes and peaches ripen in late spring 2010. Ground was broken on the...
- Nickname aside, Microsoft feature in new browser covers your tracks
The Seattle Times
Excerpts from the blog For some reason, tech journalists and bloggers love it when there's a chance to use the word "porn" in their stories. Maybe they're hoping to lure more search engine traffic...
- Diageo Cuts Growth Target as Earnings Rise 11%
CNBC
Diageo, the world's biggest alcoholic drinks group, met forecasts on Thursday with an 11 percent rise in annual earnings, but cut its profit growth target due to the economic slowdown and rising...
- Guinness Firm Enjoys Rise In Profits
Sky News
It made just over £2.3bn in the year to compared to £2.12bn the year before. The drinks giant says the figures were boosted by sales of scotch in Latin America and beer in Africa. Overall...
- Oil rises above $119 on storm fears
Reuters
Oil rose for a fourth straight day to above $119 a barrel on Thursday, on fears Tropical Storm Gustav may hit the Gulf of Mexico after it morphs into a major hurricane, crippling...
- Hong Kong stocks slump 2.3 per cent on concerns over earnings
Earth Times
Hong Kong - Hong Kong stocks slumped nearly 2.3 per cent Thursday as pessimism gripped the market amid concerns over the earnings outlook of some big companies. The Hang Seng Index lost 492.43 points...
- Toyota cuts 2009 global sales target to 9.7 million vehicles amid rising costs, slow US market
Star Tribune
Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, showing that even one of the world's most durable automakers is being hurt by rising material...
- Updates, advisories and surprises
Market Watch
... profile ) said Thursday that its second-quarter net profit rose 38% to 8.3 million euros ($12.2 million) as revenue for the quarter grew 6.7% to 869.5 million euros. The group said earnings before...
- Credit crunch puts more people on the buses
Guardian
Stagecoach said this morning.The company, which operates public transport services across the UK, said it had seen a significant increase in passenger numbers since May.Its bus division has performed...
- Aer Lingus takes
Guardian
PA Aer Lingus warned today that it needs to cut costs across its business, raising fears of job losses, after plunging into a loss for the first half of this year.The airline posted an...
- Mushroom soup leak forces Ryanair flight diversion
Guardian
Two passenger jets had to make emergency landings after two incidents, involving a leaking jar of mushroom soup and a microwave fire, this week.Hundreds of holidaymakers had their flights disrupted...
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