| U.S. stocks end week mixed | |
Traders knocked off early Thursday ahead of the July 4 weekend....
|
| General Motors makes biggest drop on market |
In the US, General Motors has plunged 74 percent in the past nine months, giving the Dow Jones Industrial Index its biggest stock...
|
| U.S. slips into a bear market |
The Dow Jones Industrial Average has slipped into a bear market for the 12th time since...
|
| G8 summit will tackle food crisis |
Next week’s G8 summit is likely to concentrate on world food...
|
| Bangladesh anti-corruption drive scares investors |
The interim government of Bangladesh, in running an anti-corruption drive, has inadvertently caused a slide in Bangladesh's domestic and foreign...
|
| Hollywood stars go bust |
Famous Hollywood star, Elizabeth Taylor and her business partner, Kathy Ireland, have closed the doors on the House of Taylor...
|
| American Airlines prepares to pay unwanted workers |
American Airlines, in reducing flights to cover record high fuel costs, says it will probably have to cut 900 flight attendant...
|
| Survey reveals UK money needs |
A single person living the UK now requires a pre-tax income of £13,400 to achieve an acceptable standard of...
|
| German bankers happy with result |
German bank, IKB, which nearly went bankrupt after the US subprime housing crisis, has posted an annual loss of just 24 million...
|
| US considers sanctions over high Chinese currency |
US legislators are still hoping to impose sanctions on China over what they say is its undervalued yuan...
|
| 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...
|
| Disney to expand TV interests into Europe |
Disney, the iconic US movie and theme-park group is about to launch new European television...
|
| Chinese sensation Jie Zheng to donate Wimbledon earnings to quake-hit Sichuan |
London, July 3 : Jie Zheng (24), the first Chinese tennis player to reach the semi-finals of Wimbledon, has decided to donate all her earnings from the tournament towards the welfare of people in her home province Sichuan, which was rocked by a massive earthquake killing around 60,000...
|
| Uneven economic data has Wall Street trading in flux |
Updated: 2:10 PM- NEW YORK - Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame...
|
| NY judge orders prison for former Refco CEO |
By LARRY NEUMEISTERASSOCIATED PRESS WRITER NEW YORK -- The former head of Refco Inc., blamed for the collapse of one of the world's largest commodities brokerages, was sentenced to 16 years in...
|
| Soleil upgrades Alcoa to hold from sell |
) to hold from a sell rating the broker placed on the stock at the end of May. Alcoa's shares have fallen more than 20% to $32.78 in the past five weeks against close-to-9% drop in S&P 500, and...
|
| Walt Disney World fires back on guns at work |
Walt Disney World employees won't be packing any heat in the company parking lots anytime soon. The giant resort has declared that much of its sprawling property is exempt from a new state law...
|
| Nontraditional tenants filling up vacant malls |
Community college classes in the old mall movie theater. A DMV office across from the Starbucks. Maybe a local library between the Victoria's Secret and the Gap.Mall and strip center owners are...
|
| Microsoft, Yahoo race to find allies |
SAN FRANCISCO/NEW YORK: Microsoft and Yahoo have been holding separate talks with other potential media partners after their negotiations with each other broke down, sources familiar with the...
|
| Stocks end mixed following jobs, services data |
NEW YORK – Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on...
|
| YouTube must give Viacom video user logs |
NEW YORK - Dismissing privacy concerns, a federal judge overseeing a $1 billion copyright-infringement lawsuit against YouTube has ordered the popular online video-sharing service to disclose who...
|
| Nebraska Beef Ltd. recall now 5.3 million pounds |
OMAHA, Neb. – Nebraska Beef Ltd. is expanding a recall announced earlier this week to include all 5.3 million pounds of meat it produced for ground beef between May 16 and June 26. Federal...
|
| Bioheart, Inc., Board Appoints Howard J. Leonhardt Chief Executive Officer |
Posted on: Thursday, 3 July 2008, 15:00 CDT SUNRISE, Fla., July 3 /PRNewswire-FirstCall/ -- Bioheart, Inc., a biotechnology company that is focused on the development of autologous (patient-derived)...
|
| Microsoft promises four patches next week |
Microsoft Corp. on Thursday chalked in four security updates for next week that would fix vulnerabilities in Windows, SQL Server and Exchange Server. All four were labeled "important," the company's...
|
| Stock markets decline across Asia |
Asian markets were broadly lower Thursday, although some pared early losses as bargain hunters snapped up shares that had been thrashed over the past few sessions. Exporters such...
|
| Wall Street firms reduce, banks step up Fed loans |
WASHINGTON – Wall Street companies sharply scaled back their borrowing from the Federal Reserve's emergency lending program over the past week while commercial banks boosted it slightly. The...
|
| Oil heads past $145 for 1st time |
NEW YORK – Soaring fuel costs are taking some of the celebration out of this holiday weekend. Oil prices headed into the busy Fourth of July break by racing past $145 a barrel for the first...
|
| What You Need to Know |
Permanent Link A few thoughts and observations arising from today's employment report, which shows the economy lost 62,000 jobs in June (with total negative revisions of 52,000 for May and April),...
|
| No Celebration for June Jobs Report |
June was the sixth straight month of job losses for the economy, for a total of 438,000 jobs lost in 2008. The unemployment rate has increased from 4.9 percent in January to 5.5 percent in June....
|
| Ky. lawyers face new trial in diet-drug settlement |
COVINGTON, Ky. – Two lawyers accused of defrauding their clients in a diet-drug settlement of $65 million were sent back to jail Thursday after a jury deadlocked and a federal judge declared a...
|
| NY Jet Chad Pennington selling Muttontown house |
Muttontown mansion on the market for $4.095 million. The six-bedroom, 7½-bath, brick center-hall Colonial is on 2-plus acres in a private gated compound. The listing agents...
|
| McCann Loses Piece of Microsoft Creative |
July 03, 2008 NEW YORK (AdAge.com) -- Interpublic Group of Cos.' McCann Erickson has lost a chunk of Microsoft's business, with the software giant confirming that creative duties for one of its...
|
| GM may bring new mini car to U.S. |
GM said bringing the Chevrolet Beat, which is about the size of a Honda Fit or Toyota Yaris mini car, to the U.S. is among the options the company is...
|
| GM stock plunges on specter of bankruptcy |
General Motors Corp. shares fell to their lowest level since 1954 after a Merrill Lynch & Co. analyst said the automaker may need to raise as much as $15 billion and faced the possibility of...
|
| Bourbon producers see amber-colored future |
LAWRENCEBURG, Ky. - To Wild Turkey master distiller Jimmy Russell, the piercing sounds of a warehouse rising in the Kentucky countryside are the sounds of prosperity."As long as you see work going on...
|
| Microsoft seeks help to snap up Yahoo |
San Francisco: Unable to strike a deal on its own, Microsoft Corp reportedly is hoping to snap up Yahoo's online search operations with the help of News Corp and Time Warner Inc. The latest twist in...
|
| Stock markets will eventually turn but we haven |
London's FTSE 100 index briefly dipped into official bear market territory yesterday – defined as 20 per cent or more off the peak – and though it later came out of it again, few would...
|
| 2 drug firms to appeal $114M price fraud verdict |
MONTGOMERY, Ala. – Two large pharmaceutical companies said Thursday they will appeal a jury verdict ordering them to pay more than $114 million for overcharging the state's Medicaid program for...
|
| Now, Indians flock to Italy |
'The mechanism which we had started working on is now being carried forward. This is an effort to tap non-EU countries such as India to meet labour demand in Italy through managed migration,' says...
|
| Vinyl May Be Final Nail in CD |
As counterintuitive as it may seem in this age of iPods and digital downloads, vinyl -- the favorite physical format of indie music collectors and audiophiles -- is poised to re-enter the mainstream,...
|
| GE Aviation buys Czech turboprop engine maker |
HARTFORD, Conn. – General Electric's aviation unit said Thursday it bought a Czech company that will help it make inroads into the fast-growing market for small twin-engine turboprop aircraft. ...
|
| Service sector contracts as orders fall |
NEW YORK – Higher oil prices caused service businesses to shrink in June, as falling new orders and rising costs hit the nation's coffee shops, paper mills and corner stores. The Institute...
|
| Laugh at High Gas Prices With a 282-MPG VW |
With gas prices going through the roof and regulators requiring cars to be ever more miserly, Volkswagen is bringing new meaning to the term "fuel efficiency" with a bullet-shaped microcar...
|
| Navy Orders Biggest Ever Warships |
The Royal Navy's biggest ever warships will finally begin to take shape on Thursday with the long-awaited signing of contracts to build two new super carriers. The ceremony, aboard HMS Ark Royal in...
|
| Sugar Steps Down As Amstrad Chairman |
Sir Alan Sugar has stepped down as chairman of Amstrad, the company he founded 40 years ago. But the entrepreneur, best known in recent years as the star of reality TV show The Apprentice, does not...
|
| Del. judge mulls settlement in Countrywide lawsuit |
WILMINGTON, Del. – A Delaware judge has granted preliminary approval of a proposed settlement in a shareholder lawsuit against mortgage lender Countrywide Financial. Vice-chancellor John...
|
| TROY Group, Inc. Posts Second Quarter 2008 Results |
All PR Newswire news COSTA MESA, Calif., July 3 /PRNewswire-FirstCall/ -- TROY Group, Inc. (OTC: TROY.PK) announced today that financial results for the second quarter of fiscal 2008, which ended...
|
| U.S. sets steep final duties on China fridge magnets |
WASHINGTON – The U.S. Commerce Department said Thursday it has set final duties of up to 300 percent on refrigerator magnets from China to offset unfair pricing and government subsidies. The...
|
| Ex-tech exec gets new judge in extradition case |
WINDHOEK, Namibia – A Namibian prosecutor says a new judge will be appointed to hear the extradition case of businessman Jacob “Kobi” Alexander. Deputy State Attorney Nixon...
|
| Cummins takes $100M damage hit to research center |
INDIANAPOLIS – Flooding from a creek caused more than $100 million in damage last month to a research and development center for the diesel engine maker Cummins Inc. But the center should...
|
