Investors will look for U.S. stock gains to continue for a second consecutive week, but the market faces high hurdles from the ongoing credit crisis and recession fears that continue to hang over the market.
Reuters - Toshiba Corp (6502.T) is planning to give
up on its HD DVD format for high definition DVDs, conceding
defeat to the competing Blu-Ray technology backed by Sony Corp
(6758.T), a company source said on Saturday. Source: Yahoo! News: Business | 17 Feb 2008 | 1:32 pm
TOKYO (Reuters) - Toshiba Corp is planning to give up on its HD DVD format for high definition DVDs, conceding defeat to the competing Blu-Ray technology backed by Sony Corp , a company source said on Saturday.
DUBAI (Reuters) - Borse Dubai said on Sunday it would consider selling a stake in the London Stock Exchange Group to Qatar, but had not received any approaches and was unlikely to sell any stake in the short term.
More than 80 people were killed in Afghanistan on Sunday after a suicide-bomb attack at a picnic ground in the southern province of Kandahar, Reuters reported.
Two of the UK's largest banks will this week boost the financial sector by increasing dividend payments, a report says. Source: BBC News | Business | World Edition | 17 Feb 2008 | 1:18 pm
In the wake of the Socit Gnrale scandal, Frances business aristocracy finds itself in a place it never wants to be: the spotlight. Source: Infocious RSS raw feed - channel BNPaperBusiness | 17 Feb 2008 | 12:51 pm
Reuters - Borse Dubai said on Sunday it would
consider selling a stake in the London Stock Exchange Group
to Qatar, but had not received any approaches and was
unlikely to sell any stake in the short term. Source: Yahoo! News: Business | 17 Feb 2008 | 12:45 pm
Iran on Sunday inaugurated its first stock exchange for oil products and petrochemicals, in a bid to become a major player in the global downstream industry. OPEC's number... Source: Infocious RSS raw feed - channel BNewsBusiness | 17 Feb 2008 | 12:19 pm
Ex-chief executive of scandal-hit US finance firm Refco says he knew he was wrong to keep quiet about losses. Source: BBC News | Business | World Edition | 17 Feb 2008 | 12:02 pm
AOL has held talks with Yahoo about a possible deal to fend off an approach from Microsoft, a report says. Source: BBC News | Business | World Edition | 17 Feb 2008 | 11:09 am
DUBAI (Reuters) - Borse Dubai said on Sunday it would consider selling a stake in the London Stock Exchange Group to Qatar, but had not received any approaches and was unlikely to sell any Source: Infocious RSS raw feed - channel BNewsBusiness | 17 Feb 2008 | 10:05 am
Even though the housing market has cooled down, you can still get a hot deal.
Several years ago, a home listed for sale developed a stigma if it didn't sell within a month or two. Today, many sellers have homes listed that have been on the market for six months or longer. In fact, it's so commonplace for it to take a long time to sell a house that it is no longer a disgrace if a listing doesn't sell right away.
"Major lenders offer relief for delinquent borrowers" (Feb. 13) said there were "three major categories of borrowers who don't respond to mailings." Let's add a fourth: those delinquent borrowers of all IQ levels who simply didn't understand the legal terminology in the mortgage agreement they were signing.
"Major lenders offer relief for delinquent borrowers" (Feb. 13) said there were "three major categories of borrowers who don't respond to mailings." Let's add a fourth: those delinquent borrowers of all... Source: Infocious RSS raw feed - channel BNPaperBusiness | 17 Feb 2008 | 8:00 am
Now that tinkering with the tax code has become a favorite congressional pastime, the annual filing season is more of an ordeal than ever, with laws kicking in and phasing out virtually every year.
We live in an age of supercomputer-driven, lightning-fast digital technology that can determine the time of day down to the nanosecond. Source: Infocious RSS raw feed - channel BNPaperBusiness | 17 Feb 2008 | 8:00 am
Getting Converted If you have an analog TV and get your programming over the air, it's time to apply for a government-issued $40 coupon that will slash your cost for a converter box. You won't need the converter until after Feb. 17, 2009, but the maximum number of coupons being sent out nationwide is 33.5 million. Get yours before they're gone.
Many overwhelmed taxpayers overlook deductible items.
Last year, Julia and Steven Greenwell spent more than $10,000 remodeling a bathroom. This year, at tax time, they'll get some of it back. Many of their construction costs are deductible -- as medical expenses.
Dear Liz: I'm getting a divorce and my soon-to-be ex-wife has stopped making payments on a car loan that's in my name. I can't afford to make the payments, and now the lender is calling. If the car gets... Source: Infocious RSS raw feed - channel BNPaperBusiness | 17 Feb 2008 | 8:00 am
Dear Liz: I'm getting a divorce and my soon-to-be ex-wife has stopped making payments on a car loan that's in my name. I can't afford to make the payments, and now the lender is calling. If the car gets repossessed, will that affect my almost-perfect credit and will I be able to get that off my credit history after the court settles our divorce?
Claiming the partial write-off requires jumping through hoops, but it might be worth the effort.
If your home or other property was damaged or destroyed last year by the wildfires in Southern California or by a tornado or flood elsewhere, you might be able to recover a portion of your loss from Uncle Sam. But doing so isn't easy.
Getting Converted If you have an analog TV and get your programming over the air, it's time to apply for a government-issued $40 coupon that will slash your cost for a converter box. You won't need the... Source: Infocious RSS raw feed - channel BNPaperBusiness | 17 Feb 2008 | 8:00 am
MONTREAL, Feb. 17 /PRNewswire-FirstCall/ - MEGA Brands Inc. (TSX: MB) announced today that they have teamed up with Intertek, one of the world's leading testing... Source: Infocious RSS raw feed - channel BNewsBusiness | 17 Feb 2008 | 7:30 am
Toshiba Corp. is likely to concede to Sony Corp. in the battle to determine the future of DVD-format technology, people familiar with the situation told The Wall Street Journal.
Japanese electronics maker Toshiba might withdraw its HD DVD next- generation video format, Kyodo News agency reported Saturday. The report cited unidentified individuals from the... Source: Infocious RSS raw feed - channel BNewsBusiness | 17 Feb 2008 | 5:29 am
SAN FRANCISCO (MarketWatch) - The housing market and the broader economic picture may continue to show weakness, but inflation should remain tame, reports next week are expected to show.
Rocketing food prices in China have sown deep concern among the communist leadership, ever wary of social unrest, as it fumbles to control inflation without repeating past mistakes,... Source: Infocious RSS raw feed - channel BNewsBusiness | 17 Feb 2008 | 4:38 am
Treasury is about to reveal just how much damage the turmoil on the equity and financial markets is doing to the Government's books.
The crown accounts for the six months to December 2007 are released tomorrow and Finance Minister... Source: New Zealand Herald - Business | 17 Feb 2008 | 4:20 am
China suffered its first defeat at the World Trade Organisation after it upheld a complaint by the United States, European Union and Canada over import tariffs on car parts, sources close... Source: Infocious RSS raw feed - channel BNewsBusiness | 17 Feb 2008 | 3:59 am
A federal judge has approved a plan that will let bankrupt mortgage lender First Magnus Financial Corp. repay its creditors, bringing the company's ex-employees a step closer to getting... Source: Infocious RSS raw feed - channel BNewsBusiness | 17 Feb 2008 | 3:15 am
Iran's parliament on Saturday approved a three-billion-dollar spending plan to fund diesel and petrol imports during the next Iranian year, the official IRNA news agency reported. Source: Infocious RSS raw feed - channel BNewsBusiness | 17 Feb 2008 | 1:25 am
Microsoft said Friday it had offered to buy struggling Internet firm Yahoo for 44.6 billion dollars (30.0 billion euros) in cash and stock. Microsoft said it had proposed 31... Source: Infocious RSS raw feed - channel BNewsBusiness | 17 Feb 2008 | 1:25 am
After a series of twists and turns, the battle for the closed fund group seemed over. But now the FSA has delayed completion of Pearl's purchase. Yvette Essen reports. Source: Telegraph Business | 17 Feb 2008 | 12:01 am
AOL, the American internet company, is attempting to piece together a deal with Yahoo! designed to help the Silicon Valley-based search engine evade the clutches of Microsoft, the world's biggest software group. Source: Telegraph Business | 17 Feb 2008 | 12:01 am
A British engineer has been thrown into jail in the Gambia on charges that his company, Carnegie Minerals, has been smuggling uranium and silicon out of the country, writes Helen Power. Source: Telegraph Business | 17 Feb 2008 | 12:01 am
Investment banks and lawyers advising the board of Northern Rock are in line for a £90m taxpayer-funded fee bonanza - news which may spark a new political row over the ailing mortgage lender. Source: Telegraph Business | 17 Feb 2008 | 12:01 am
The debt-laden acquisition of BAA by Ferrovial was the deal of 2006. Now there is talk it may have to sell a major UK airport to refinance. Alistair Osborne reports. Source: Telegraph Business | 17 Feb 2008 | 12:01 am
Broadcaster says decision to appeal against Competition Commission judgment not aimed at the Government. Source: Telegraph Business | 17 Feb 2008 | 12:01 am
Land Securities, the demerging property group, has quietly put a £100m chunk of its flagship Fleet Street estate up for sale. Source: Telegraph Business | 17 Feb 2008 | 12:01 am
One of the City's leading fund managers has built a stake of almost 3 per cent in Sports Direct, the troubled retailer owned by Mike Ashley, the billionaire tycoon. Source: Telegraph Business | 17 Feb 2008 | 12:01 am
In the late 1970s, Labour Chancellor Denis Healey memorably remarked that debating with Geoffrey Howe, his Tory shadow, was like being "savaged by a dead sheep". Fast-forward 30 years and George Osborne, today's shadow chancellor, has just unveiled the very same Lord Howe to lead the Conservatives' new taxation "review". Source: Telegraph Business | 17 Feb 2008 | 12:01 am
RECESSION, what recession? The super-rich are snapping up apartments at the
world's most expensive residential scheme at London’s One Hyde Park as if
they were going out of fashion. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
THE chief executive of Harvey Nichols has launched a stinging attack on
Treasury plans for a crackdown on non-doms. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
THE cost of red tape imposed on business by the government has hit £66
billion, a £10 billion rise in a year, new figures show. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
THE in-house management team at Northern Rock has revised its terms in an
attempt to win Treasury support at the eleventh hour by offering the
government a stake of more than 10% in the bank. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
THE BBC is eyeing fresh plans for the partial sale or stock-market flotation
of BBC Worldwide, its commercial division, by 2012. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
A NEW front has opened in the battle between Vladimir Potanin and Mikhail
Prokhorov, with the oligarchs disputing a scheme for disposals at Polyus
Gold, the London-listed gold miner. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
MINISTERS must find the money for planned weapons programmes or risk Britain losing the industrial capability necessary to defend itself, according to Mike Turner, the outgoing chief executive of BAE Systems, the UK’s biggest defence group. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
THE man who headed a video-games console company that went spectacularly bust
after losing more than £150m in 18 months has re-emerged – trying to launch
a new version of the same device. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
TWO of Britain’s biggest banks, Barclays and Lloyds TSB, will this week
attempt to lift the climate of fear surrounding Britain’s financial
institutions by declaring an unexpected increase in dividend payments. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
THESE are dark days in the Treasury. Last October’s hasty and openly political
prebudget report is unravelling faster than one of your granny’s scarves,
Northern Rock sits like a great fat cuckoo in the nest, and officials are
praying that figures this week will bring some relief from the string of
awful releases on the state of the public finances. Source: Latest Business News from Times Online | 17 Feb 2008 | 12:00 am
With stocks struggling to overcome a slumping economy and bonds providing a safe but low-yield alternative, 2008 could well be the Year of the Commodity.
AFP - Top US retailer Wal-Mart on Friday drove another nail a coffin for Toshiba's HD DVD video disks by announcing it would shift to exclusively selling Japanese rival Sony's format Blu-ray.
Investors will look for U.S. stock gains to continue for a second consecutive week, but the market faces high hurdles from the ongoing credit crisis and recession fears that continue to hang over the market.
Reuters - French insurance firm AGF, part of
Germany's Allianz , is planning to cut between 1,500
and 2,000 jobs, a newspaper reported on Saturday, and the
company said it was consulting with staff on boosting
competitiveness. Source: Yahoo! News: Business | 16 Feb 2008 | 7:12 pm
PARIS (Reuters) - French insurance firm AGF, part of Germany's Allianz , is planning to cut between 1,500 and 2,000 jobs, a newspaper reported on Saturday, and the company said it was consulting with staff on boosting competitiveness.
Activists opposed to eBay's upcoming fee and policy changes are readying for a weeklong site boycott starting on Monday, with buyers and sellers waiting to see if this strike will succeed where past protests have failed.
Investors will look for U.S. stock gains to continue for a second consecutive week, but the market faces high hurdles from the ongoing credit crisis and recession fears that continue to hang over the market.
The cut-throat pizza business in New Zealand is gearing up for a new round of hostility, as market heavyweight Domino's and Hell try to hold on to slipping profit margins in a world of soaring cheese prices.
Domino's - which pitches... Source: New Zealand Herald - Business | 16 Feb 2008 | 5:00 pm
The Securities Commission and the Serious Fraud Office should probe the statements made by telemarketers and other professionals allegedly acting on behalf of the Blue Chip structured residential property investment group of companies... Source: New Zealand Herald - Business | 16 Feb 2008 | 5:00 pm
Vector's new boss gave investors a disappointing Valentine's Day gift on Thursday, announcing a big drop in profits on his first official day in the job.
Simon Mackenzie was appointed group chief executive on Wednesday, having... Source: New Zealand Herald - Business | 16 Feb 2008 | 5:00 pm
Investing in the share market should be as simple as buying a burger - quick, convenient, and with no mess. That was the thinking behind Burger Fuel's decision to put a quarter of its equity on the market last year.
A gourmet burger... Source: New Zealand Herald - Business | 16 Feb 2008 | 5:00 pm
Q. What kind of things are GPS tracking systems being used for in New Zealand businesses?
A. Tracking systems are used by any business that runs a fleet of vehicles, such as in the transport and service industry. The system provides... Source: New Zealand Herald - Business | 16 Feb 2008 | 5:00 pm
Reuters - The worst of the banking crisis
resulting from the subprime meltdown is likely to be over in
months rather than quarters, Credit Suisse Chief
Executive Brady Dougan was quoted as saying on Saturday. Source: Yahoo! News: Business | 16 Feb 2008 | 4:28 pm
GENEVA (Reuters) - The worst of the banking crisis resulting from the subprime meltdown is likely to be over in months rather than quarters, Credit Suisse Chief Executive Brady Dougan was quoted as saying on Saturday.
Really bad stock markets knock down shares of all kinds. That's essentially what has been happening since the start of 2008, as subprime fallout led to recession anxiety. But not every market sector faces the same problems and uncertainties.
Among the companies whose shares are expected to see active trade in Tuesday's session are Hewlett-Packard, Wal-Mart, Medco Health and Penske. The markets are closed Monday for President's Day.
DAMASCUS, MD (MarketWatch) -- Rumbling along a favorite back road on a crisp winter's day set off the sensors that said a neat little sports car is a great way to travel.