Business and Finance News
- China changes gear in looking for solution to economic problem
Seattle News.Net
China’s growth patterns have shifted, with an emphasis in policy toward the domestic market.
- Indian truckies decide to strike
Seattle News.Net
Truck drivers in India have gone on strike indefinitely.
- Air India sacks hefty hostesses
Seattle News.Net
Air India, the main airline on the sub-continent, has told hostesses to lose weight or lose their jobs.
- Apple staff relieved after CEO gives himself a healthy report
Seattle News.Net
Apple CEO Steve Jobs has sent a letter to staff to assure them he is well enough to continue as the company head.
- Commercial property-the next domino to drop
Seattle News.Net
2009 is expected to be a bad year for US commercial real estate.
- Washington Post editor steps down
Seattle News.Net
The Managing Editor of the Washington Post, Philip Bennett, has announced he will step down this week.
- Dubai makes a mark in duty free sales
Seattle News.Net
Sales of Dubai duty free goods increased 23 per cent over last year, despite the fact that less people were travelling.
- US, Pak army improve ties to tackle Taliban, says WSJ editorial
Seattle News.Net
Torkham, Jan.6 : In order to counter the increasing influence of the Taliban and Al Qaeda-linked groups along the Pak-Afghan border, the armies of the US and Pakistan are increasing bilateral co-operation, an editorial in the Wall Street Journal says.
- Madoff faces new charges; Congress starts probe
Seattle News.Net
Bernard Madoff, the high-flying Wall Street investor who is awaiting trial in a $50-billion investment Ponzi scheme, faces a new set of charges alleging that he tried to hide valuables including jewellery.
- US stocks end low on earning concerns
Seattle News.Net
New York, (Xinhua) US stocks ended lower Monday as concerns about a decline in corporate profits overshadowed the prospect that President-elect Barack Obama's tax cut plan will help avert the economic downturn.
- Vinyl records making a comeback
Financial Post
A music-buying public enamoured with digital downloads may be abandoning the compact disc in droves, but one physical medium is staging a tiny comeback.Amid otherwise gloomy music sales...
- Trustees of HBOS pension scheme seek to delay Lloyds TSB deal
Financial Post
Trustees of HBOS's pension scheme will seek to delay the UK bank's takeover by Lloyds TSB in court on Jan. 12 if the latter refuses to offer acceptable support to the scheme, they said on...
- Corporate tax drops to 19%; more cuts soon
Financial Post
The second wave of corporate income tax cuts introduced in the 2007 Economic Statement came into effect Thursday, cutting the rate by half a percentage point to 19%.The federal government has been...
- Politicians put bank brass under the gun
Financial Post
Bay Street is bracing for a political backlash in 2009 as banking practices come under scrutiny following unprecedented state intervention to backstop the financial sector.While the country's biggest...
- Wall Street rise supports London
Guardian
A strong opening on Wall Street - with the Dow Jones showing gains of more than 110 points half an hour into the day's trading - has helped the FTSE 100 index of London's leading shares power ahead...
- Heavy Job Losses On Way At M&S
Sky News
The retailer has yet to officially confirm the losses, but is expected to announce tomorrow that it will cut 1,000 posts from shop floors. There has also been speculation that it will cut several...
- ABCP advisors, $200-million; ABCP investors, zero
Financial Post
Canada's market for asset-backed commercial paper remains just as illiquid as it was the day it seized up nearly 17 months ago but the lawyers and financial advisors trying to rescue it have already...
- Bombardier wins $2.4-billion rail order in Germany
Financial Post
Bombardier Transportation continues to barrel through the global economic downturn with Germany's state-owned railway, Deutsche Bahn AG, pledging Monday to buy 800 of its double-decker coaches in a...
- Gaza assault pushes oil back above $50
Guardian
... gas dispute with Ukraine helped the market rebound from its recent lows.Brent crude hit $51.98 a barrel in London,US...
- Co-op sales up 6% over Christmas
Guardian
... taking over Somerfield , said it has seen a significant rise in demand for beers, wines and spirits, soft drinks, and seasonal lines. Its online electrical business saw sales soar by 30% in Christmas...
- Manulife in hot water over tax shelter
Financial Post
Manulife Financial Corp. is attempting to take advantage of the credit crisis to cash in early on a complex financial transaction that lawmakers view as a "tax shelter scam" and were due to...
- GMAC completes debt swap after falling short of goal
Financial Post
GMAC LLC, the auto lender that received a US$6-billion federal bailout, completed a debt swap designed to bolster its capital after falling short of its US$38-billion goal.About 59% of its old notes...
- New York investor sues trustee of Madoff
Financial Post
A private New York company has sued the trustee who is liquidating accused fraudster Bernard Madoff's firm for the return of US$10-million it invested six days before Madoff was...
|
