UK airport strikes are called off
Three strikes that threatened to paralyse some of the UK's top airports are called off.Source: BBC News | Business | World Edition | 3 Jan 2008 | 12:43 pm
Oil at $100 not our fault: OPEC
TEHRAN/LONDON (Reuters) - OPEC officials lined up to say the exporter group could do little to tame oil prices that hit $100 a barrel for the first time on Wednesday and world markets had enough crude oil.Source: Reuters: Business News | 3 Jan 2008 | 12:39 pm
U.S. hedge fund eyeing Centro stake: source
SYDNEY/PHILADELPHIA (Reuters) - Centro Properties Group , Australia's second high-profile victim of a global credit crunch, is attracting interest from U.S. hedge fund Citadel Investment Group, a source familiar with the situation said.Source: Reuters: Business News | 3 Jan 2008 | 12:38 pm
Next cautious over 2008
Clothing retailer Next says like-for-like store sales have fallen and the chain does not expect sales growth in 2008.Source: BBC News | Business | World Edition | 3 Jan 2008 | 12:34 pm
The Weather Channel up for sale: report
NEW YORK (Reuters) - U.S. cable channel The Weather Channel is to be put up for sale and could fetch more than $5 billion, The New York Times said in an online report on Thursday, quoting people briefed on the auction.Source: Reuters: Business News | 3 Jan 2008 | 12:32 pm
State Street takes big charge, replaces a top exec (Reuters)
Reuters - State Street Corp said on Thursday it will take a $279 million fourth-quarter charge after making bad bets on subprime mortgages and other debt, and said it replaced its investment management chief.Source: Yahoo! News: Business | 3 Jan 2008 | 12:30 pm
Ford says Tata front-runner to buy European brands
LONDON (Reuters) - Ford Motor Co said on Thursday India's Tata Motors Ltd was the front-runner to buy its European brands Jaguar and Land Rover.Source: Reuters: Business News | 3 Jan 2008 | 12:30 pm
State Street takes big charge, replaces a top exec
NEW YORK (Reuters) - State Street Corp said on Thursday it will take a $279 million fourth-quarter charge after making bad bets on subprime mortgages and other debt, and said it replaced its investment management chief.Source: Reuters: Business News | 3 Jan 2008 | 12:30 pm
Say goodbye to big raises
It's a presidential election year, of course. It's also the first year in which the leading edge of the humongous Baby Boom generation (those born in 1946) will be eligible to start collecting partial Social Security benefits, at age 62. But 2008 will differ from 2007 in some other ways as well, not all of them good.Source: Business and financial news - CNNMoney.com | 3 Jan 2008 | 12:24 pm
Tata closes in on Jaguar takeover
Ford confirms that India's Tata Motors will be the likely buyer of its UK-based Jaguar and Land Rover brands.Source: BBC News | Business | World Edition | 3 Jan 2008 | 12:22 pm
Tata confirmed as Jaguar front-runner
Ford, the US carmaker, confirmed that India's Tata Motors was the the front-runner to buy its European brands Jaguar and Land Rover.Source: FT.com - US homepage | 3 Jan 2008 | 12:21 pm
Ford taps Tata as top bidder for Jaguar
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 3 Jan 2008 | 12:15 pm
Futures dip as oil stays high (Reuters)
Reuters - Stock index futures slipped on
Thursday as oil prices stayed near $100 a barrel and as
investors were nervous before data on jobs and factory orders.
Source: Yahoo! News: Business | 3 Jan 2008 | 12:12 pm
Futures dip as oil stays high
NEW YORK (Reuters) - Stock index futures slipped on Thursday as oil prices stayed near $100 a barrel and as investors were nervous before data on jobs and factory orders.Source: Reuters: Business News | 3 Jan 2008 | 12:12 pm
Ford says Tata front-runner to buy European brands (Reuters)
Reuters - Ford Motor Co said on Thursday
India's Tata Motors Ltd was the front-runner to buy
its European brands Jaguar and Land Rover.
Source: Yahoo! News: Business | 3 Jan 2008 | 12:08 pm
Manhattan home prices: Still crazy
Manhattan real estate continues to buck national trends - New York home prices soared during the last three months of the year, according to several surveys released Thursday.Source: Business and financial news - CNNMoney.com | 3 Jan 2008 | 12:06 pm
Netflix to deliver movies directly to TV
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 3 Jan 2008 | 12:03 pm
State Street slammed by subprime mess
Subprime problems are smacking State Street (STT).Source: Business and financial news - CNNMoney.com | 3 Jan 2008 | 11:57 am
Worries hang over Wall Street
Stocks were poised for a weak open Thursday as concerns about the health of the economy hung over investors.Source: Business and financial news - CNNMoney.com | 3 Jan 2008 | 11:56 am
Lockheed settles racism case for $2.5M
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 3 Jan 2008 | 11:53 am
House prices stable in November
House price inflation in England and Wales stabilised in November, according to the Land Registry.Source: BBC News | Business | World Edition | 3 Jan 2008 | 11:51 am
Oil steadies near $100
LONDON (Reuters) - Oil held near its lifetime high of $100 a barrel on Thursday, fuelled by expectations of another fall in U.S. fuel stocks and a struggling U.S. dollar.Source: Reuters: Business News | 3 Jan 2008 | 11:51 am
Bank warns on mortgage defaults
Mortgage default levels are likely to rise over the next three months, the Bank of England warns.Source: BBC News | Business | World Edition | 3 Jan 2008 | 11:40 am
Violence halts Kenyan share deals
Kenya's stock exchange halts trade and the shilling falls back against the dollar as violence continues.Source: BBC News | Business | World Edition | 3 Jan 2008 | 11:35 am
Kenyan opposition calls off mass rally
Kenya's opposition has called off a banned rally in an attempt to end running battles between police and protesters, but announced another gathering for next week.Source: FT.com - US homepage | 3 Jan 2008 | 11:32 am
Sterling's slide continues
The pound's slide continued today, pushing the UK currency to its weakest level in well over four years and to a new all-time low against the euro.Source: Telegraph Business | 3 Jan 2008 | 11:30 am
Fed hints at more rate cuts
The Federal Reserve hinted Wednesday in minutes from its latest meeting that more interest rate cuts might be needed if the deterioration in the credit markets leads to deeper problems for the housing sector and overall economy.Source: Business and financial news - CNNMoney.com | 3 Jan 2008 | 11:11 am
Oil steadies near $100 (Reuters)
Reuters - Oil held near its lifetime high of $100
a barrel on Thursday, fuelled by expectations of another fall
in U.S. fuel stocks and a struggling U.S. dollar.
Source: Yahoo! News: Business | 3 Jan 2008 | 11:01 am
Oil holds near record $100 high
Oil prices remain close to $100 a barrel as the weak dollar and violence in Nigeria and Algeria boost prices.Source: BBC News | Business | World Edition | 3 Jan 2008 | 10:56 am
Currys owner issues profit alert
DSG, the owner of Currys and PC World, issues a profit warning after poor Christmas trading, hurting its shares.Source: BBC News | Business | World Edition | 3 Jan 2008 | 10:21 am
Merck in $700 million schizophrenia deal
ZURICH (Reuters) - Swiss biotech company Addex Pharmaceuticals SA said it could receive more than $700 million from Merck & Co Inc for a licensing deal on its ADX63365 drug to treat schizophrenia, lifting its shares.Source: Reuters: Business News | 3 Jan 2008 | 9:53 am
Your Move owner axes jobs as housing slows
LSL Property Services, the owner of the estate agency Your Move, has shut 12 branches and axed 315 jobs as the slowdown in the country's housing market begins to take its toll on the industry.Source: Telegraph Business | 3 Jan 2008 | 9:30 am
U.S. manufacturing sector contracts (AP)
AP - The U.S. manufacturing economy unexpectedly contracted in December, ending a streak of 10 consecutive months of growth and sinking to its lowest point in almost five years, a private research group said Wednesday. The decline suggests that the overall economy may be weakening faster than some economists predicted.
Source: Yahoo! News: Business | 3 Jan 2008 | 8:36 am
DSG shares plunge on profit warning
Shares in DSG International (DSGi), the electricals retail group which includes Currys, dived 20pc this morning after it said that profits would be between £40m and £50m shy of analysts' expectations after a poor performance over Christmas, particularly at its UK computer chain PC World.Source: Telegraph Business | 3 Jan 2008 | 8:30 am
Next figures contain a stark warning
Next's Christmas trading figures are exactly what the City expected. Like-for-like sales in stores unaffected by new openings fell by 3.2pc, bang in line with the company's guidance.Source: Telegraph Business | 3 Jan 2008 | 8:10 am
Next warns that sales may drop this year
Next, the clothing chain, has kicked off the January reporting season with a warning that like-for-like sales at its high street stores are likely to fall in 2008.Source: Telegraph Business | 3 Jan 2008 | 7:20 am
DSG warns on profits as consumers cut back
DSG International (DSGi), the electricals retail group that owns Currys and PC World, has this morning warned the City that profits will fall short of expectations after disappointing Christmas sales.Source: Telegraph Business | 3 Jan 2008 | 7:15 am
The Weather Channel up for sale: report (Reuters)
Reuters - U.S. cable channel The Weather Channel
is to be put up for sale and could fetch more than $5 billion,
The New York Times said in an online report on Thursday,
quoting people briefed on the auction.
Source: Yahoo! News: Business | 3 Jan 2008 | 6:57 am
China mutual fund industry nearly quadruples in 2007 (AFP)
AFP - China's mutual fund industry nearly quadrupled in 2007 as millions of investors rushed to convert their bank deposits for higher returns in the stock market, state media said Thursday.
Source: Yahoo! News: Business | 3 Jan 2008 | 6:14 am
Dollar fear sparks rush to oil and gold
Crude oil prices briefly hit the $100-a-barrel mark and gold prices jumped to an all-time high as investors poured money into commodities amid deepening fears about the weakness of the US dollarSource: FT.com - US homepage | 3 Jan 2008 | 12:37 am
In Brief - Wednesday
For The Record: In Wednesday's paper on A10 the column headers "3 months" and "2007" were transposed in the table of 2007's...Source: Investor's Business Daily: BUSINESS | 3 Jan 2008 | 12:23 am
Business Briefs - Wednesday
Chip sector felled by downgradeSource: Investor's Business Daily: BUSINESS | 3 Jan 2008 | 12:23 am
After The Close - Wednesday
RESMED (RMD), a medical device maker, named Kieran Gallahue as CEO, succeeding founder Peter Farrell, who will remain as chairman. Shares fell.Source: Investor's Business Daily: BUSINESS | 3 Jan 2008 | 12:23 am
Calvin Klein Licenses Brighten Future For Fashion Marketer Warnaco
Warnaco Chief Executive Joe Gromek took a big step toward building the company's lucrative Calvin Klein business this month with a deal that would...Source: Investor's Business Daily: BUSINESS | 3 Jan 2008 | 12:23 am
Trends & Innovations - Wednesday
AIDS rates rising sharply in NYCSource: Investor's Business Daily: BUSINESS | 3 Jan 2008 | 12:23 am
UK companies rally to protect Kenyan workers
British companies have moved to protect hundreds of thousands of staff in Kenya amid signs that growing violence is threatening the country's economy.Source: Telegraph Business | 3 Jan 2008 | 12:01 am
BAE wins new US order for Iraq Bradley vehicles
BAE Systems has won a fresh multi-million-dollar US army order to maintain Bradley armoured fighting vehicles being used in Iraq.Source: Telegraph Business | 3 Jan 2008 | 12:01 am