Business and Finance News
- U.S. stock markets close in positive territory
Salt Lake City 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
Salt Lake City 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
Salt Lake City 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
Salt Lake City 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
Salt Lake City 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
Salt Lake City News.Net
Strong demand has improved global sales for Japanese cars.
- US dollar once again in decline
Salt Lake City 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
Salt Lake City 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
Salt Lake City News.Net
PetroChina's first-half net profit has fallen 34.5 percent.
- Microsoft unveils Internet Explorer 8, its response to Firefox
Salt Lake City News.Net
Microsoft has unveiled a trial version of a new Internet Explorer designed to fight the growing challenge from Firefox.
- Copper miner Antofagasta reports increased H1 earnings
Mine Web
London-listed Chilean miner Antofagasta posted an 8.8 percent rise in first-half earnings per share on Wednesday as higher copper output and prices outweighed rising costs. The...
- Tokyo stocks open higher on Wall Street gains
Earth Times
Tokyo - Japanese shares were slightly higher Thursday following gains on Wall Street overnight. The Nikkei 225 Stock Average added 7.04 points, or 0.05 per cent, to 12,760.00. The broader Topix index...
- Caterpillar sees soft economy stretching into 2009
Reuters
Stock Buzz ) expects weakness in rich-country economies to persist into 2009 but its sales in China remain strong, Jim Owens, chairman and chief executive of the U.S. construction and mining...
- Target settles suit over Web access
Star Tribune
Target Corp. will pay $6 million to settle a two-year-old class-action lawsuit alleging that visually impaired people were blocked from using...
- China, Iraq reach $3 bln revised deal for CNPC to develop Ahdab oil field
Star Tribune
China and Iraq have signed a $3 billion deal revising an earlier agreement for China's biggest oil company to help develop the Ahdab oil field, according to a statement from the...
- Can TiVo Stop Bleeding Subscribers
Wired News
Lots of people are leaving TiVo. We'll find out roughly how many when the company reports second-quarter results this afternoon. By a couple estimates, TiVo lost anywhere from 100,000 to 142,000...
- Starbucks top brass to receive no raise next year
Reuters
U.S. workers at the vice president level and higher will not receive salary increases for fiscal 2009, according to a memo posted on www.starbucksgossip.com and confirmed by a company spokeswoman on...
- Westpac Reaffirms FY08 Guidance Of 6%-8% Cash Earnings Growth
Morning Star
Echoing comments made earlier this month, the bank said it has strong credit and market risk disciplines, and has no new large impaired loans or nasty surprises in its securities portfolios. In a...
- LBI Media, Inc. Reports Second Quarter 2008 Results
CNBC
Phoenix, Arizona which we are very excited about. Our entry into the 8th largest Hispanic market in the U.S. with proven operating, management and programming expertise should establish a positive...
- US, European stocks rise, dollar slips on euro
Arab News
Reuters NEW YORK: US and European stocks rose yesterday on a resilient financial sector and robust US durable goods data that eased some concerns about the sagging US economy, although the dollar and...
- Union piles pressure on Tesco through US supplier
The Independent
America's biggest food workers' union has stepped up its pressure on Tesco's US operation, by reporting its ready-meals supplier in the US to a labour-relations tribunal yesterday for the alleged...
- Cheap French wine exports hit hard times
Guardian
A grape picker empties his basket. Photograph: Guillame Horcajuelo/EPA French vintners were once appreciated worldwide for their ability to produce a bottle of wine that cost barely anything yet...
- Michael Page bid deadline for Adecco
Guardian
The Swiss recruitment group Adecco has been given until the end of next month to decide whether to make a formal offer for its smaller British rival Michael Page.The Takeover Panel said yesterday...
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