Business and Finance News
- U.S. stocks slump as oil hits $48 a barrel
Omaha News.Net
The fall in the price of oil is having a double-whammy effect.
- African country becomes recipient of US funds
Omaha News.Net
The government in Ghana has put aside funds for development projects, such as the rebuilding of schools and other buildings destroyed by floods.
- UK government ready to take Royal Bank of Scotland shares
Omaha News.Net
Royal Bank of Scotland shareholders are due to vote on whether to accept a £20bn government bail-out.
- Best US used cars prices revealed
Omaha News.Net
An annual projection of US used car prices has shown Honda and Toyota cars have best resale value.
- Alitalia set for transfer to new owner
Omaha News.Net
The Italian airline, Alitalia, still needs to satisfy the government before the sale to an Italian business group can be completed.
- Dutch bar owners want smoking ban lifted
Omaha News.Net
Cafe and bar owners in the Dutch town of Tilburg have announced plans to identify smoking inspectors on the Internet.
- Auto executives blasted over private jet use
Omaha News.Net
A private citizens group in the US has objected to the use of luxury jets, which flew US auto executives to Washington.
- Federal Reserve looks at interest rates
Omaha News.Net
The US Federal Reserve has said the US will face the likelihood of significant weakness in the economy, and has suggested additional policy easing in interest rates could well be appropriate.
- US mortgage applications on the slide
Omaha News.Net
Applications for US mortgages have gone down by volume, to a seasonally adjusted 6.2 percent.
- Boeing announces more job cuts
Omaha News.Net
Boeing has announced it will cut about 800 jobs from its defence unit in Wichita, Kansas.
- Asian markets resume slide amid mounting US financial woes
Omaha News.Net
Asian stock markets took heavy losses Thursday, reflecting widespread gloom about US economic troubles and another bad day on Wall Street.
- Meditation and yoga prescribed for Wall Street brokers
Omaha News.Net
The constant fluctuations on Wall Street can grate on even the toughest businessman's or businesswoman's nerves.
- Dow falls to five-year low
Omaha News.Net
US stocks slid more than 5 percent Wednesday, taking the Dow Jones Industrial Average below the 8,000 mark for the first time in five years, amid gloomy financial news and fear for US automakers.
- Microsoft rules out new takeover bid for Yahoo
Omaha News.Net
Microsoft CEO Steve Ballmer Wednesday ruled out a new takeover bid for troubled web portal Yahoo, but stressed that the software giant was still interested in partnering with Yahoo on search-related products.
- Mark Robinson appointed CEO of Citi South Asia
Omaha News.Net
Mumbai /Hong Kong, (ANI/ Business Wire India): Mark Robinson has been appointed Chief Executive Officer of Citi South Asia. Based in Mumbai, he will lead Citi's significant banking franchise in India, Sri Lanka and Bangladesh, and also join the Asia Pacific Executive Committee. Robinson succeeds Sanjay Nayar, who is leaving the firm to pursue other opportunities.
- Citi falls 12%, below $6 as financials weaken further
MarketWatch
Shares of Citigroup fell another 12% Thursday, falling below $6, as investors failed to draw confidence from a fresh investment in the company by its largest individual...
- GameStop still profitable as earnings drop
Business Journal
... rsquo;s third-quarter profit fell slightly on foreign currency changes and merger related acquisitions, the company said Thursday. Overall, GameStop (NYSE: GME) says it remains sound and is...
- Citigroup, Pfizer, General Electric in the spotlight
Market Watch
... said it withdrew an application to sell Viagra without a prescription in Europe after regulators fretted about the safety implications. Pfizer said it still thinks that Viagra at a 50-milligram...
- Jobless claims jump unexpectedly to 16-year high as labor market weakens rapidly
Star Tribune
New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market expected to get...
- Save apprenticeships, pleads Clegg
Guardian
Divert Train to Gain money, Clegg urges. Photograph: Peter Byrne/PA The millions spent on the government's flagship Train to Gain programme should be urgently redirected to save apprenticeships in...
- Oil dives below $50 a barrel for first time since May 2005
MarketWatch
Crude-oil futures fell for a fifth session Thursday, slumping below $50 a barrel for the first time in more than three years as global stocks tumbled and economic worries...
- China reacts to melamine scandal with plan to overhaul dairy industry
Newsday
China announced a complete overhaul of its dairy industry Thursday to improve safety at every step — from cow breeding to milk sales — saying its worst food quality scandal...
- GE says not seeking sovereign-wealth investment
Reuters
The company is in talks with Asian investment vehicles about possible joint ventures similar to a deal reached earlier this year with Abu Dhabi investment agency Mubadala Development Co, said GE...
|
