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Recent Posts Tagged With 'business'
Stocks slide, but Dow holds 10,000
Stocks dipped Tuesday as a stronger dollar and some disappointment about DuPont and Coca-Cola's results gave investors a reason to retreat from the recent rally.A weaker-than-expected housing market report added to the downward pressure.The Dow Jones...
Obama to nominate Ben Bernanke for second Federal Reserve term
Bernanke has brought the US economy 'back from the brink', Obama will say. Photograph: Larry Downing/Reuters US Federal Reserve chairman Ben Bernanke will be nominated for a second term by Barack Obama later tod...
Yen Falls as Recovering Global Economy Boosts Demand for Yield
The yen weakened for a third day against the euro as improving economic data and central bank comments that the global recession is abating spurred investors to buy higher-yielding assets. ...
Geithner: 2008 bailout not aimed at Goldman -WSJ
U.S. Treasury Secretary Timothy Geithner on Friday denied that emergency government action taken last year to shore up the U.S banking system was tailored to the interests of Goldman Sachs (GS.N) or any other firm."We have been forced to do just extr...
Economy Is 'Leveling Out,' Bernanke Says
Chairman Ben S. Bernanke rendered his most positive assessment of the economy yet in a speech Friday and gave credit in part to his own institution's handling of the worst economic crisis in decades. The U.S. and global economy "appear to be level...
Clothing makers beat estimates, but outlooks mixed
Phillips-Van Heusen Corp (PVH.N), Gymboree Corp (GYMB.O) and Hot Topic Inc (HOTT.O) posted better-than-expected quarterly results on Wednesday but gave disappointing outlooks, sending shares of the clothing manufacturer and retailers down in after-ho...
OIL FUTURES:Crude Settles +3.7% As Equities Rise
Crude oil futures prices rose 3.7% Tuesday, led by a rebound in U.S. equities prices.Light, sweet crude oil for September delivery on the New York Mercantile Exchange settled $2.44 higher at $69.19 a barrel. The rise was the biggest since July 31. IC...
UBS to Give 4,450 Names to U.S.
Swiss bank UBS AG will hand over some 4,450 names of U.S. account holders as part of a U.S.-Swiss tax-evasion settlement and investigation that could produce a total 10,000 account identities.UBS and the governments of the U.S. and Switzerland agreed...
Los Angeles toy importer settles federal safety claims
A Los Angeles firm agreed to pay $31,500 to settle allegations that it imported and sold toys that were hazardous to young children, the Consumer Product Safety Commission said.TGH International Trading Inc. brought more than 11,000 toys into the U.S...
Collision Probe Encounters More Trouble as Agencies Feud
A public squabble between federal accident investigators and the national air-traffic controllers union escalated Monday, threatening to complicate the probe of the fatal midair collision between a sightseeing helicopter and a small plane over the Hu...
U.S. Economy: Sales Unexpectedly Fall on Job Losses
Sales at U.S. retailers unexpectedly fell in July, raising the risk that a lack of consumer spending will temper a recovery from the worst recession since the 1930s. Purchases decrease...
Beantown showdown: JetBlue and Southwest face off
NEW YORK -- The cool kids of the airline industry are giving big-city travelers more opportunities to show who they like more.FILE - In this July 19, 2005 file photo, a JetBlue Airbus flies over a pair of Southwest Airlines' jets from Bob Hope Airpo...
Porsche buy launches VW drive for world domination
BERLIN — Volkswagen's triumphant bid to take over luxury German carmaker Porsche marks the end of a bitter family power struggle and the start of a drive to become the world's top auto manufacturer."VW and Porsche are entering a new era -- the comp...
Drops in Consumer Confidence, Prices Temper Recovery Hopes
According to the monthly Reuters/University of Michigan Surveys of Consumers, released Friday, the index of consumer confidence fell from 66 points in July to 63.2 in August. The decline itself is less meaningful than the fact that economists expecte...
Asian Shares End Higher On Fed; Commodity Plays Gain
Asian markets ended higher Thursday after the U.S. Federal Reserve indicated the worst was over for the U.S. economy, with resource stocks especially strong on higher metal and crude-oil prices.Indian stocks rallied as investor sentiment remained hig...
GM predicts 230 MPG for Volt
General Motors Co. predicted Tuesday that its Chevrolet Volt rechargeable electric car will get 230 miles per gallon of gas in city driving.If confirmed by the U.S. Environmental Protection Agency, which tests for mileage figures posted on new car st...
Oil Little Is Changed as OPEC Signals Satisfaction With Prices
Crude oil traded little changed as OPEC’s president said he was content with current prices, signaling the group may keep quotas unchanged when it meets next month.Crude prices around $70 are “not bad” and are necessary to maintain investment, ...
Rio Tinto shares drop on China spy allegations
Shares in global miner Rio Tinto Ltd fell more than 3 percent on Monday after China stepped up its spying allegations against the company, although Australia's Foreign Ministry said the latest accusations were nothing new.China's state secrets agenc...
U.S. Cuts Fewer Jobs Than Forecast
The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, giving the clearest indication yet that the economy was turning around from a deep recession.U.S. employers shed 247,000 jobs in Ju...
Florida may gut discounts for hurricane shutters
Kurt Bressner spent more than $16,000 installing storm shutters, a reinforced garage door and an impact-resistant front door on his Boynton Beach home. In return, he got more than peace of mind.Effective this year, he got a $5,362 break on his annual...
Stock futures moderately lower ahead of jobs data
Overseas, European markets fell modestly, while Asian markets were mixed ahead of the reading on jobs in the world's largest economy.In the U.S., the Labor Department's report is expected to show job losses moderated in July as the worst recession si...
AmEx Write-Offs Fall but CEO Stays Wary
American Express Co. said credit trends among its cardholders are showing signs of improvement for the first time in 18 months, even though the most creditworthy customers are still keeping a tight grip on their wallets. Wednesday's ...
Business Digest
The Securities and Exchange Commission asked a judge to punish former Kmart chief executive Charles Conaway for misleading Wall Street and Kmart directors. The SEC said Conaway failed to disclose that Kmart was delaying payments to save cash in 2001....
TRANSPORTATION
DETROIT — Lured by the government's “cash for clunkers” campaign, car and truck buyers started returning to showrooms last month, as Ford Motor Co. reported its first U.S. sales increase in nearly two years and other major automakers said sales...
HSBC Impairments Soar, 1H Net Profit Drops 57%
HSBC Holdings PLC (HBC) Monday said financial markets may have already troughed, as the U.K.-based bank reported a 57% drop in first-half net profits from souring consumer and company loans in the U.S. and elsewhere.Net profit was $3.3 billion, down ...
Ticket prices to increase at Walt Disney World
LAKE BUENA VISTA, Fla. — Walt Disney World is raising the ticket prices for its theme parks.Disney last raised its admission prices in August 2008.The Orlando Sentinel reported Friday that the base price of a one-day, one-park adult ticket will inc...
Clunkers’ $2 Billion Infusion Depends on U.S. Senate’s Vote
The future of the U.S. “cash for clunkers” program depends on the Senate backing a $2 billion infusion next week, as the Obama administration offered assurances that the discounts remain available.“I’ll tell this to dealers: I think they can ...
Index shows home prices increase from April to May
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Sanofi reports profits rise, seeks big cost cuts
PARIS — French pharmaceutical group Sanofi Aventis announced on Wednesday a two-billion-euro (2.84 billion dollars) cost cutting programme and higher earnings targets for this year.It said second-quarter net profit rose by 4.9 percent from the figu...
Microsoft, Yahoo Said to Be Near Agreement for Web-Search Ads
Microsoft Corp. and Yahoo! Inc. are getting closer to signing an Internet-search partnership to challenge market leader Google Inc., a person familiar with the matter said.An agreement may be announced as soon as today, said the person, who declined ...
