Reuters - Stock index futures pointed to a
higher market open on Tuesday after Wal-Mart Stores Inc
reported quarterly results that topped analysts' expectations.
Toshiba will stop making its HD DVDs, ending a battle with rival format Blu-ray over which would be the standard. Source: BBC News | Business | World Edition | 19 Feb 2008 | 12:36 pm
Reuters - Barclays Plc , Britain's
third-biggest bank, raised its 2007 writedown on the value of
risky assets to 1.6 billion pounds ($3.1 billion) but reported
profits broadly in line with analysts' expectations. Source: Yahoo! News: Business | 19 Feb 2008 | 12:33 pm
MBIA Inc.'s Chairman and Chief Executive Gary C. Dunton announced his resignation, the company said Tuesday, at a time when the fate of the bond insurer remains a big question mark.
TOKYO (Reuters) - Japan's Toshiba Corp surrendered in the high-definition home movie war on Tuesday, giving up on its HD DVD format after losing the support of key studios and retailers to the Blu-ray technology backed by Sony Corp .
Now that the faltering economy has replaced national security as the overriding issue in the presidential campaign, John McCain is portraying himself as a budget-shrinking, flat-tax-embracing, healthcare-privatizing champion of free markets. But is this Reaganesque zealot the real John McCain?
Leaders of the union representing pilots at Northwest Airlines Corp. and Delta Air Lines Inc. have reached an agreement on uniting membership under a merged carrier, the Detroit News reported Tuesday.
LONDON/DUBAI (Reuters) - OPEC is unlikely to cut oil output at a meeting in March due to rising prices and uncertainty about supply from Venezuela and Nigeria, OPEC sources said on Tuesday.
Domino’s Pizza today said it was cashing in as consumers, worried about
falling house prices, cut back on eating out at in restaurants. Source: Latest Business News from Times Online | 19 Feb 2008 | 12:17 pm
Credit Suisse suspends traders suspected of inflating the value of mortgage-backed bond investments. Source: BBC News | Business | World Edition | 19 Feb 2008 | 12:14 pm
Troops of the Nato-led peacekeeping force KFOR were sent to Kosovo's northern border after Serbs opposed to Kosovo's newly declared independence burned down a border crossing. Source: FT.com - US homepage | 19 Feb 2008 | 12:04 pm
Sony’s Blu-ray technology was crowned winner in the multi-billion pound war
between next-generation DVD formats today after Toshiba pulled out of the
race. Source: Latest Business News from Times Online | 19 Feb 2008 | 12:02 pm
U.S. stocks were poised for a higher start Tuesday after the holiday break, as investors were buoyed by strong quarterly results from retailing giant Wal-Mart.
Reuters - Wal-Mart Stores Inc on Tuesday
posted a better-than-expected quarterly profit after
penny-pinching U.S. shoppers scoured its discount stores for
low prices on necessities like food and laundry detergent.
NEW YORK (Reuters) - Wal-Mart Stores Inc on Tuesday posted a better-than-expected quarterly profit after penny-pinching U.S. shoppers scoured its discount stores for low prices on necessities like food and laundry detergent.
Sony has triumphed in the race to dominate the high-definition DVD market after rival Toshiba confirmed it is pulling out of the market today. Source: Telegraph Business | 19 Feb 2008 | 12:00 pm
U.S. stock futures on Tuesday pointed to opening gains after a three-day break, with traders looking past a surge in oil futures and an earnings outlook for Wal-Mart Stores below analyst forecasts.
The Swiss bank, until now practically unblemished by the subprime crisis, marked down the value of asset-backed investments by $2.85bn, wiping $1bn from its net income Source: FT.com - US homepage | 19 Feb 2008 | 11:47 am
European shares dropped on Tuesday morning, as an unexpected $2.85 billion write-down from Swiss bank Credit Suisse soured sentiment toward financials and kept a lid on gains.
Barclays sees annual profits drop to £7.08bn, including a net loss of £1.6bn stemming from global credit turbulence. Source: BBC News | Business | World Edition | 19 Feb 2008 | 11:24 am
Barclays has reassured the market that it has so far managed to contain the sub-prime fall out after raising total writedowns related to the credit crunch by just £300m to £1.64bn and reporting profits in line with forecasts. Source: Telegraph Business | 19 Feb 2008 | 11:20 am
Reuters - Credit Suisse has written $2.85 billion
off the value of its asset-backed investments and found
mismarking and pricing errors on its books, it revealed on
Tuesday, sending its shares plummeting. Source: Yahoo! News: Business | 19 Feb 2008 | 11:16 am
Credit Suisse delivered a fresh blow to confidence in the banking sector on Tuesday with the revelation on $2.85bn of losses on structured credit positions caused by "pricing errors" by some of the Swiss... Source: Infocious RSS raw feed - channel BNPaperBusiness | 19 Feb 2008 | 11:11 am
UK brewer Scottish & Newcastle, warns of "substantial price increases" to offset rising costs. Source: BBC News | Business | World Edition | 19 Feb 2008 | 11:03 am
InterContinental Hotels Group (IHG), the world's biggest hotel group, reported
an 18 per cent rise in full-year operating profit to £237 million last year
but predicted an uncertain outlook for the sector in 2008. Source: Latest Business News from Times Online | 19 Feb 2008 | 10:53 am
Reuters - Banks in the United States have been
quietly borrowing "massive amounts" from the U.S. Federal
Reserve in recent weeks, using a new measure the Fed introduced
two months ago to help ease the credit crunch, according to a
report on the web site of The Financial Times. Source: Yahoo! News: Business | 19 Feb 2008 | 10:47 am
NEW YORK (Reuters) - Banks in the United States have been quietly borrowing "massive amounts" from the U.S. Federal Reserve in recent weeks, using a new measure the Fed introduced two months ago to help ease the credit crunch, according to a report on the web site of The Financial Times.
FRANKFURT (Reuters) - Stock index futures rose before the start of Wall Street trading on Tuesday, with financial stocks likely to be in focus after news of further write-downs on risky assets at two big European banks.
FRANKFURT (Reuters) - Stock index futures rose before the start of Wall Street trading on Tuesday, with financial stocks likely to be in focus after news of further write-downs on risky... Source: Infocious RSS raw feed - channel BNewsBusiness | 19 Feb 2008 | 10:46 am
A majority of American workers will not be able to maintain their current standard of living after they retire, according to a report released Tuesday.
SINGAPORE (Reuters) - Boeing Co is facing growing anger from its biggest customers for delays in its new 787 Dreamliner, but still unveiled more than $6 billion in orders for other planes... Source: Infocious RSS raw feed - channel BNewsBusiness | 19 Feb 2008 | 10:38 am
Cadbury Schweppes, the world's biggest maker of sweets and chocolate, said on Tuesday that net profits plunged by 65 percent last year when results were skewed by the 2006 sale of its... Source: Infocious RSS raw feed - channel BNewsBusiness | 19 Feb 2008 | 10:35 am
The FTSE 100 lost ground on Tuesday as news of shock writedowns at Credit Suisse overshadowed reassuring figures from Barclays. The UK's third largest lender fell 2.9 per cent to 446p despite reporting... Source: Infocious RSS raw feed - channel BNPaperBusiness | 19 Feb 2008 | 10:35 am
British confectioner and beverage group Cadbury Schweppes Plc on Tuesday reported annual profit fell 65% from a year earlier, when the sale of a unit flattered the bottom line, but the company noted it expects margins to improve in 2008.
China’s rate of inflation hit its highest level in 11 years last month as a
freezing cold winter destroyed crops and pushed up food prices. Source: Latest Business News from Times Online | 19 Feb 2008 | 10:30 am
U.K. banking group Barclays announces a 3% drop in 2007 net profit, largely matching market expectations, as a relatively small increase in write-downs and tight cost controls helps balance a weaker result from international banking.
Shares in Credit Suisse Group tumbled on Tuesday after the Swiss bank said, only a week after reporting earnings, that it overvalued asset-backed securities by at least $2.85 billion.
Asian equities advanced across the board on Tuesday, riding on the back of gains in energy-related companies and banking stocks while a weaker yen gave investors the chance to buy up exporting shares... Source: Infocious RSS raw feed - channel BNPaperBusiness | 19 Feb 2008 | 10:07 am
China’s inflation rate climbed its highest level in more than 11 years in January, raising concerns that the government might further tighten credit to prevent an inflationary spiral.
Banking stocks gave back some gains in London on Tuesday morning, as investors eyed in–line earnings from Barclays and an unexpected asset write-down from Credit Suisse.
Cadbury Schweppes has told its shareholders this morning that they will not receive a penny when it splits its confectionery and soft drinks business later this year. Source: Telegraph Business | 19 Feb 2008 | 9:50 am
Britain's InterContinental Hotels Group on Tuesday said that net profit almost halved last year to 231 million pounds (306 million euros, 450 million dollars). The 43 percent Source: Infocious RSS raw feed - channel BNewsBusiness | 19 Feb 2008 | 9:33 am
China's inflation rate soared to its highest level in over 11 years in January as the coldest winter in decades sabotaged long-running efforts to tame rising prices, official data showed... Source: Infocious RSS raw feed - channel BNewsBusiness | 19 Feb 2008 | 9:32 am
Dairy Milk-maker Cadbury Schweppes says it plans to increase prices to offset rising raw material costs. Source: BBC News | Business | World Edition | 19 Feb 2008 | 9:31 am
Indonesian budget carrier Lion Air has ordered 56 Boeing 737-900ERs valued at more than 4.4 billion dollars, the two companies announced Tuesday at the Singapore Airshow. The Source: Infocious RSS raw feed - channel BNewsBusiness | 19 Feb 2008 | 9:30 am
NEW YORK (Reuters) - Martha Stewart Living Omnimedia Inc is to acquire the media and licensed properties of TV chef Emeril Lagasse for around $50 million in cash and stock, the Wall Street Source: Infocious RSS raw feed - channel BNewsBusiness | 19 Feb 2008 | 9:28 am
Credit Suisse led European equity markets lower on Tuesday after writing down the value of asset-backed investments by $2.85bn, sending a further jolt through the financial services sectors. The Swiss... Source: Infocious RSS raw feed - channel BNPaperBusiness | 19 Feb 2008 | 9:26 am
Barclays, Britain's third biggest bank, said Tuesday that net profits sank by about 3.0 percent last year owing to the US subprime housing crisis and related global squeeze on credit. Source: Infocious RSS raw feed - channel BNewsBusiness | 19 Feb 2008 | 9:25 am
Cadbury Schweppes announced increased revenues in its confectionery business on Tuesday, driven by gum and gorillas, but full-year pre-tax profits failed to reach analysts' expectations. In a statement... Source: Infocious RSS raw feed - channel BNPaperBusiness | 19 Feb 2008 | 9:19 am
Pakistan's Pervez Musharraf looked set to become a lame duck president after voters gave resounding support to opposition parties in parliamentary elections Source: FT.com - US homepage | 19 Feb 2008 | 9:11 am
China's headline inflation rate continued to rise last month to an 11-year record of 7.1pc, putting more pressure on export prices as well as on the government's macroeconomic managers. Source: Telegraph Business | 19 Feb 2008 | 9:10 am
Ailing President Fidel Castro said that he will not return to lead the country, retiring as head of state 49 years after he seized power in an armed revolution Source: FT.com - US homepage | 19 Feb 2008 | 9:09 am
The bill to nationalise Northern Rock is to be debated in the Commons, with the Tories set to vote against it. Source: BBC News | Business | World Edition | 19 Feb 2008 | 9:03 am
Barclays on Tuesday reported pre-tax profits of more than 7bn as John Varley, chief executive, hailed "a resilient performance in testing market conditions". Barclays is the first of the UK's large... Source: Infocious RSS raw feed - channel BNPaperBusiness | 19 Feb 2008 | 9:03 am
FT.com - London equities fell on Tuesday after news of increased full-year writedowns at Barclays (NYSE:BCS) took the shine off banking stocks. There was further pressure in the sector after surprise news of fresh $2.85bn losses at Credit Suisse (NYSE:CS). Source: Yahoo! News: Business | 19 Feb 2008 | 9:00 am
Northern Rock is now history and should be treated as such. There will be court cases to hold for the share holders, but in truth they can hardly claim that they were not warned. Source: Telegraph Business | 19 Feb 2008 | 9:00 am
Cadbury Schweppes, under pressure from US corporate raider Nelson Peltz to
improve performance, disappointed investors this morning saying there would
be no bonus payout to shareholders from the demerger of its US drinks
business, Dr Pepper Snapple Group. Source: Latest Business News from Times Online | 19 Feb 2008 | 8:58 am
London equities fell on Tuesday after news of increased full-year writedowns at Barclays took the shine off banking stocks. There was further pressure in the sector after surprise news of fresh $2.85bn... Source: Infocious RSS raw feed - channel BNPaperBusiness | 19 Feb 2008 | 8:57 am
NEW YORK (Reuters) - U.S. conglomerate General Electric Co is expected to make changes to its accounting policies in a bid to end a U.S. Securities and Exchange Commission probe,... Source: Infocious RSS raw feed - channel BNewsBusiness | 19 Feb 2008 | 8:54 am
NEW YORK (Reuters) - U.S. conglomerate General Electric Co
is expected to make changes to its accounting policies
in a bid to end a U.S. Securities and Exchange Commission
probe, the Wall Street Journal reported on Tuesday citing
people familiar with the situation.
Credit Suisse today suspended a group of traders allegedly responsible for a
$2.85 billion ($£1.45 billion) write-down that will wipe at least $1 billion
off the Swiss bank's profit in the first quarter and potentially alter its
results for 2007.$ Source: Latest Business News from Times Online | 19 Feb 2008 | 8:53 am
Barclays today reported almost flat pre-tax profits of £7 billion for the 12
months to December 31, down 1 per cent on last year but raised its dividend
by 10 per cent, from 31p to 34p. The bank's £1.6 billion writedown on credit
market exposure was less severe than expected. Source: Latest Business News from Times Online | 19 Feb 2008 | 8:06 am
The central government is sporadic with pension payments to the ever-increasing number of women who have lost their husbands. Without the money, these women are stranded in a patriarchal society. ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 19 Feb 2008 | 8:00 am
A Supreme Court case and a pending PUC decision revive -- and may heal -- memories of the 2000-01 crisis.
California 's energy crisis ended seven years ago, but electricity customers are still paying for it, lawyers are arguing over it and regulators are reigniting debate over the policies that led up to it.
The Web is now a place to seek sympathy and a new start
When Ryan Kuder lost his job last week, everyone knew it. That's because he chronicled the experience of his last hours at Yahoo Inc. through a stream of electronic dispatches laced with gallows humor.
On a frigid winter afternoon, an old dumpling of a man with buzz-cut hair was holed up in his usual spot, the corner of a busy bank lobby here. He reached into his beige fisherman's vest, pulled out a... Source: Infocious RSS raw feed - channel BNPaperBusiness | 19 Feb 2008 | 8:00 am
The central government is sporadic with pension payments to the ever-increasing number of women who have lost their husbands. Without the money, these women are stranded in a patriarchal society.
The rumor had swept through this border town early in the morning, and soon several dozen women were clamoring outside a small government office.
Platinum soared past $2,100 an ounce Monday as a power crisis and accidents at mines and smelters continued to curb output in South Africa, the nation that produces the largest amounts of the precious metal.
Asian indexes are mixed as U.S. stock traders take a holiday.
European stock markets ended broadly higher Monday, continuing their back-and-forth pattern of recent weeks, as depressed banking issues attracted buyers.
The testing system would include stricter procedures during the design and the manufacturing phases.
The U.S. Toy Industry Assn., whose members include Mattel Inc. and Hasbro Inc., said Monday that its board unanimously approved a plan for a new testing system after the recall of tens of millions of Chinese-made toys last year.
On a frigid winter afternoon, an old dumpling of a man with buzz-cut hair was holed up in his usual spot, the corner of a busy bank lobby here. He reached into his beige fisherman's vest, pulled out a wad of bills and turned to the people hovering over him waiting to trade currency.
A few weeks ago, the chairman of online auction site Bidz.com forecast good news ahead. The company was headed for another blowout quarter, David Zinberg said, with sales topping the already-rosy projections made in November.
Barclays has suffered an xxxpc drop in annual profits after the credit crisis forced the bank to writedown £xxxbn in assets. Source: Telegraph Business | 19 Feb 2008 | 7:10 am
Chinese consumer inflation reached 7.1% in January, the highest rate for 11 years, official figures show. Source: BBC News | Business | World Edition | 19 Feb 2008 | 6:55 am
The New Zealand dollar was nudging US80c today as it climbed to a seven-month high.
It peaked at US79.87c against the greenback in thin global trading with US markets on holiday as carry trades came back into favour.
It closed... Source: New Zealand Herald - Business | 19 Feb 2008 | 5:46 am
Microsoft is to give away some of its core software to university and high school students around the world in an effort to win over the next generation of software developers to its technology Source: FT.com - US homepage | 19 Feb 2008 | 4:59 am
The 2008 New Zealand grape harvest under way is expected to produce a high-quality record-volume crop of between 225,000 and 245,000 tonnes.
New Zealand Winegrowers chief executive officer Philip Gregan said the increased vintage... Source: New Zealand Herald - Business | 19 Feb 2008 | 3:45 am
Work on extending the runway at Rotorua Airport is proposed to start in October but questions remain over how it will be funded.
Rotorua mayor Kevin Winters has said he doesn't want ratepayers paying but some Rotorua District councillors... Source: New Zealand Herald - Business | 19 Feb 2008 | 3:30 am
A new survey shows that as the economy has slowed bills are being paid more slowly, with government organisations the worst offenders.
Dun & Bradstreet said its December quarter trade payments analysis showed the average payment... Source: New Zealand Herald - Business | 19 Feb 2008 | 2:30 am
AP - Improved efficiency has helped airlines better prepare for a possible global economic slowdown compared to the last major recession, but expensive fuel continues to hurt bottom lines, an airline industry group said Monday. Source: Yahoo! News: Business | 19 Feb 2008 | 12:39 am
Property development company CDL Investments has reported an annual net profit after tax up 38.9 per cent to $15.1 million.
Chairman Wong Hong Ren said the result reflected the high quality and spread of CDL's product, the strength... Source: New Zealand Herald - Business | 19 Feb 2008 | 12:30 am
Barack Obama made an aggressive pitch at Ohio's blue-collar workers by proposing a 'Patriot Employers' plan that would lower corporate taxes for companies that did not ship jobs overseas Source: FT.com - US homepage | 19 Feb 2008 | 12:11 am
Peter Cruddas, the City of London's richest man, has appointed two new directors to the board of CMC Markets, the financial spread-betting business in which he controls a majority stake. Source: Telegraph Business | 19 Feb 2008 | 12:01 am
The cost of the Northern Rock crisis has reached the equivalent of £3,500 for every taxpayer as experts warned that the nationalisation rescue of the bank was bound to fail. Source: Telegraph Business | 19 Feb 2008 | 12:01 am
IS Alistair Darling actually dead? This was the disquieting question which arose when he appeared beside Gordon Brown at the Prime Minister's press conference. Source: Telegraph Business | 19 Feb 2008 | 12:01 am
Pension liabilities for UK employers are set to rise under new mortality guidelines proposed by the Pension Regulator. Source: Telegraph Business | 19 Feb 2008 | 12:01 am
Joe Lewis, the Bahamas-based British billionaire, is the mystery buyer behind
a near-7 per cent stake in Ladbrokes, the UK's biggest bookmaker, The Times
has learnt. Source: Latest Business News from Times Online | 19 Feb 2008 | 12:00 am
The most closely scrutinised number in yesterday's brief third-quarter trading
update from Speedy Hire did not come until the fifth paragraph. Source: Latest Business News from Times Online | 19 Feb 2008 | 12:00 am
By nationalising Northern Rock, Gordon Brown and Alistair Darling are
indirectly setting themselves up in one of the most reviled and thankless of
occupations - as debt collectors. Source: Latest Business News from Times Online | 19 Feb 2008 | 12:00 am
BlackBerry-maker Research In Motion and rival Motorola have sued each other over what they say are patent infringements for technology used in their mobile phones.
Barclays raised the value to its 2007 writedowns to 1.6 billion pounds ($3.1 billion), but its profit was in line with expectations and the risks are under control, Barclays President Bob Diamond told CNBC Europe on Tuesday.
Ailing Cuban leader Fidel Castro said on Tuesday that he will not return to lead the country, retiring as head of state 49 years after he seized power in an armed revolution.
MBIA said on Tuesday that former Chief Executive Jay Brown was returning to the company to replace the current CEO, Gary Dunton, as the bond insurer grapples with an industrywide crisis.
Wal-Mart on Tuesday posted a better-than-expected quarterly profit after penny-pinching U.S. shoppers scoured its discount stores for low prices on necessities like food and laundry detergent.
Japan's Toshiba waved the white flag in the home movie war, giving up on its HD DVD format after losing the support of key studios and retailers to Blu-ray technology backed by Sony.
Microsoft plans to invest heavily in Web search to compete against Google, even if it fails to acquire Yahoo, the company's chairman Bill Gates said on Monday.
Credit Suisse has written $2.85 billion off the value of its asset-backed investments and found mismarking and pricing errors on its books, it revealed on Tuesday, sending its shares plummeting.
The world's top plane leasing firm International Lease Finance Corp will seek compensation from Boeing for delays in the delivery of the 787 Dreamliner, and is in talks to buy over 100 planes each from both Airbus and Boeing, its chief executive said on Tuesday.
Finance Minister Michael Cullen says he is keeping a close eye on inflation and economic conditions, but there will be a tax cuts programme in the budget.
The Government's headline operating surplus came in $1.7 billion lower than... Source: New Zealand Herald - Business | 18 Feb 2008 | 11:00 pm
A report into the financial affairs of The Joneses showed the business was in a bad way and "urgently" needed money from sharemarket investors.
WHK Corporate Finance, independent advisers on the allotment of securities, questioned... Source: New Zealand Herald - Business | 18 Feb 2008 | 10:55 pm
New Zealand Herald publisher APN News and Media Ltd today reported an 8 per cent rise in annual net profit on the back of growth in its key markets.
The benefits of significant levels of restructuring across all APN would flow... Source: New Zealand Herald - Business | 18 Feb 2008 | 10:50 pm
Yesterday's strong sharemarket rally ran out of steam in early trading today.
The benchmark NZSX-50 index, which gained an impressive 2.5 per cent or 90.97 points yesterday, was down 0.45 of a point to 3601.3 by 10.20am.
The... Source: New Zealand Herald - Business | 18 Feb 2008 | 10:45 pm
Tea prices are likely to jump to an all-time high this year, underpinned by production disruptions in Kenya, the United Nations' Food and Agriculture Organisation will forecast Source: FT.com - US homepage | 18 Feb 2008 | 10:09 pm
The Iraq war has strained the US military to the extent that America could not fight another large-scale war today, according to a new survey of military officers Source: FT.com - US homepage | 18 Feb 2008 | 10:09 pm
Ambac the bond insurer, is seeking to raise capital to support a split of its operations in an attempt to avoid a sharp cut in its credit rating Source: FT.com - US homepage | 18 Feb 2008 | 9:09 pm
Housing affordability has sunk so low that the majority of Australians who have yet to take out a mortgage expect that they may never purchase a home, new figures show.
And many of those with a mortgage are finding it difficult... Source: New Zealand Herald - Business | 18 Feb 2008 | 9:00 pm
Turns out our first president wasn't the teetotaler some revisionists have made him out to be. In fact, George Washington was once the nation's largest producer of whiskey. Hillary Wicai reports from a rebuilt version of his distillery. Source: Marketplace | 18 Feb 2008 | 8:37 pm
Financial Times columnist Lucy Kellaway says she's OK with lying on the job. In fact, she believes the corporate world can't function without little white lies to get through the day. Source: Marketplace | 18 Feb 2008 | 8:35 pm
US banks have been quietly borrowing massive amounts of money from the Federal Reserve by using a new measure the Fed introduced two months ago to help ease the credit crunch Source: FT.com - US homepage | 18 Feb 2008 | 8:34 pm
Cosmetic dentistry offers many ways for you to put your money where your mouth is. And some dentists are already plotting the next big thing to attract you to their chairs. Ashley Milne-Tyte reports. Source: Marketplace | 18 Feb 2008 | 8:23 pm
Frank Appel is appointed Deutsche Post chief executive after his predecessor resigned amid a tax evasion scandal. Source: BBC News | Business | World Edition | 18 Feb 2008 | 8:22 pm
Twenty-somethings have one of the lowest rates of charitable giving of any demographic group. Alex Goldmark reports on a New York City charity that's using facial hair to make fundraising hip for younger people. Source: Marketplace | 18 Feb 2008 | 8:19 pm
Commentator and international economist Dan Drezner says inflation and high zinc and copper prices have made the penny too expensive for the U.S. to produce. Source: Marketplace | 18 Feb 2008 | 6:53 pm
President's Day is time to honor American leaders, and many of us traditionally do that by going shopping. Bob Moon talks to NPD Group's Marshall Cohen to find out how profitable the holiday actually is. Source: Marketplace | 18 Feb 2008 | 6:53 pm
With Toshiba looking ready to abandon the HD DVD format, Blue Ray seems to have finally won the high-definition DVD wars. Bob Moon reports on what retail stores are doing with their HD DVD inventory. Source: Marketplace | 18 Feb 2008 | 6:53 pm
Westland Meat Company is recalling 147 million pounds of beef -- the biggest beef recall in U.S. history -- much of which was to go to school lunch programs. John Dimsdale reports on how the recall will affect future demand. Source: Marketplace | 18 Feb 2008 | 6:44 pm
Nigeria's government cancels another sale of a state firm carried out under former President Obasanjo. Source: BBC News | Business | World Edition | 18 Feb 2008 | 4:28 pm
The US government orders its largest recall of beef, saying a meat plant broke rules on cattle inspection. Source: BBC News | Business | World Edition | 18 Feb 2008 | 3:30 pm