Venezuela pays $1.8bn in compensation to three oil firms, isolating Exxon in its dispute with the country.
Source:
BBC News | Business | World Edition | 21 Feb 2008 | 12:31 pm
PARIS (Reuters) - Societe Generale confirmed a record fourth-quarter loss after absorbing a huge rogue trading scandal that has made France's second-biggest listed bank a potential takeover target.
Source:
Reuters: Business News | 21 Feb 2008 | 12:23 pm
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 21 Feb 2008 | 12:18 pm
European shares rebounded on Thursday, led by food stocks after Swiss giant Nestle posted a well-received set of earnings.
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 12:17 pm
Stocks looked set for a higher open Thursday, as investors looked past stagflation concerns and bet that the Federal Reserve remains committed to juicing economic growth.
Source:
Business and financial news - CNNMoney.com | 21 Feb 2008 | 12:14 pm
BAE Systems, the maker of Typhoon jet fighters and Nimrod planes, reported a
22 per cent rise in 2007 preliminary pre-tax profit and said that although
Britain might extend delivery deadlines on some projects to meet its
budgetary constraints, there were unlikely to be any order cancellations
from the government.
Source:
Latest Business News from Times Online | 21 Feb 2008 | 12:13 pm
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 21 Feb 2008 | 12:13 pm
Reuters - Continental Airlines Inc posted a net
loss of $32 million in the fourth quarter, compared to a loss
of $26 million a year ago.
Source:
Yahoo! News: Business | 21 Feb 2008 | 12:12 pm
When lenders stop asking for golf dates and start throwing F-bombs, it's usually time to find a restructuring firm. Among the small number of bankers and CPAs who specialize in this practice, New York's Alvarez & Marsal is often the first phone call for these sweating execs - and it's already profiting from corporate America's credit-market misery.
Source:
Business and financial news - CNNMoney.com | 21 Feb 2008 | 12:03 pm
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 12:01 pm
Among the companies whose shares are expected to see active trade in Thursday's session are the bond insurers, Ameristar, Analog Devices, ChoicePoint, Hornbeck, Icon, Netease, Psychiatric Solutions, Research in Motion, and Reed Elsevier
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 12:00 pm
Widespread price cuts fuelled the strongest month on the high street for
almost a year in January in figures that could delay the next interest rate
cut by the Bank of England.
Source:
Latest Business News from Times Online | 21 Feb 2008 | 11:49 am
Reed Elsevier has put its New Scientist and Farmers Weekly publishing wing up for sale and spent $4.1bn (£2.1bn) on US risk management company ChoicePoint as it continues to reshape its portfolio.
Source:
Telegraph Business | 21 Feb 2008 | 11:45 am
Profits at British Gas rise to £571m from £95m in 2006 amid criticism from consumer groups over higher prices.
Source:
BBC News | Business | World Edition | 21 Feb 2008 | 11:43 am
(Reuters) - Continental Airlines Inc posted a net loss of $32 million in the fourth quarter, compared to a loss of $26 million a year ago.
Source:
Reuters: Business News | 21 Feb 2008 | 11:41 am
Reuters - Allianz's net profit dropped by more
than half in the fourth quarter, as strength in its main
property-casualty insurance business could not offset the
damage from subprime write-downs at its banking arm.
Source:
Yahoo! News: Business | 21 Feb 2008 | 11:40 am
MUNICH (Reuters) - Allianz's net profit dropped by more than half in the fourth quarter, as strength in its main property-casualty insurance business could not offset the damage from subprime write-downs at its banking arm.
Source:
Reuters: Business News | 21 Feb 2008 | 11:40 am
Read full story for latest details.
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Business and financial news - CNNMoney.com | 21 Feb 2008 | 11:40 am
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 21 Feb 2008 | 11:39 am
Increasing food and fuel costs pushed up French inflation to 3.2% in January, from 2.8% in December.
Source:
BBC News | Business | World Edition | 21 Feb 2008 | 11:34 am
What the municipal bond market needs most is not an injection of capital into the bond insurance companies. What it needs is an injection of common sense into its credit rating system.
Source:
Business and financial news - CNNMoney.com | 21 Feb 2008 | 11:30 am
The Supreme Court has come down with an unanimous ruling that, at first blush, looks like a big win for employees who count on their 401(k) plans for their retirement nest eggs.
It's not.
In an opinion written by Justice John Paul Stevens, the court ruled that workers could sue under the Employee Retirement Income Security Act, or Erisa, the federal law that protects pensions and other employee benefits, to recover their losses.
In the case, James LaRue contended that the value of his stock holdings plummeted $150,000 when plan administrators failed to follow his instructions and switch to safer investments. His case came to the Supremes from the Court of Appeals for the Fourth Circuit in Richmond, Virginia, a notoriously conservative venue among the federal appeals courts, which had his individual lawsuit for breach of fiduciary duty.
Most other federal appeals courts had allowed such individual lawsuits, and so, when the Supremes took LaRue's case, the fear was that an adverse ruling could be devastating to employees. And most observers predicted a win for LaRue.
That has now happened. But corporate lawyers are already finding a silver lining in a concurrence written by Chief Justice John Roberts, which was joined by Justice Anthony Kennedy.
Picking up on a theory espoused by the Erisa Industry Committee, which filed an amicus brief on behalf of the respondent company, Roberts suggested that the 401(k) claims could be filed as a claim for denial of benefits under another provision of ERISA, and that would require the employee to exhaust his or her administrative remedies before filing suit.
"It's really a very radical argument," said Peter Stris, a law professor at Whittier Law School in Costa Mesa, Calif. and Erisa expert, who argued LaRue's case before the justices. Stris expects companies to start crafting arguments against lawsuits using Roberts' concurrence. "If I were representing a company, I'd be doing that," he said." I think it's the next frontier."
IRussell Hirschhorn, a lawyer with Proskauer Rose in New York, which defends Erisa claims, agrees. Reached on Wednesday, he was already at work on a client alert about the LaRue decision. "Justice Roberts' concurrence may provide a pleasant surprise form the defense perspective," he says.
And so, a ruling that should have been a comfort for the workingman is now cause for concern.
"This decision, but for the Roberts concurrence, would have settled an area of law; Now he has just made it more confusing," says Karen Handorf, a lawyer with Cohen Milstein Hausfeld & Toll who worked on the amicus brief filed by the Pension Rights Center on behalf of LaRue.
"It's a brand new argument," she says, adding it doesn't make any sense, because to recover on a denial of benefit claim, a 401(k) participant would have to take money from other 401(k) beneficiaries.
There are more worries over at the Workplace Prof Blog, a group of law professors, who note in a post on the LaRue decision that Roberts' concurrence "has the potential to undermine the holding of the La Rue majority" and say it would be "disastrous" for workers like LaRue who try to recover losses from their individual accounts.
Surely, there's a corporate lawyer somewhere already crafting a brief based on the wisdom of Roberts. And to think, the Bush administration weighed in on LaRue's behalf.
Related Links
Class Actions Endangered? Hardly.Vonage Seeks Supreme SalvationStonewalling Stoneridge
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Portfolio.com: Top 5 | 21 Feb 2008 | 11:30 am
The pound jumped on Thursday after UK retail sales came in far stronger than expected, dampening expectations for aggressive cuts in interest rates. Figures revealed UK sales grew 0.8 per cent in January,...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 11:24 am
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 21 Feb 2008 | 11:17 am
Conrad Black has requested an emergency delay to the start of his six-year
sentence for defrauding shareholders at Hollinger International while his
lawyers appeal against his conviction.
Source:
Latest Business News from Times Online | 21 Feb 2008 | 11:17 am
Upbeat corporate earnings helped London shares higher on Thursday. The indices were also boosted by a strong overnight showing on Wall Street and in Asian markets, where Japan's Nikkei 225 index closed...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 11:16 am
Shares in sat-nav device maker TomTom drop on fears that falling prices will hurt profits.
Source:
BBC News | Business | World Edition | 21 Feb 2008 | 11:15 am
LONDON (MarketWatch) -- The British pound surged Thursday, boosted by data on U.K. retail sales for January that came in much stronger than expected.
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 11:13 am
Price cuts helped UK retail sales to rebound in January, figures show, but underlying growth remains steady.
Source:
BBC News | Business | World Edition | 21 Feb 2008 | 11:11 am
British Airways pilots have voted to go on strike, over the airline's plans to launch a new transatlantic subsidiary.
Source:
BBC News | Business | World Edition | 21 Feb 2008 | 11:08 am
U.S. stock market futures edged higher Thursday, adding to a late rally in the previous session, with Cisco Systems among the stocks set to rise after a broker upgrade.
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 11:07 am
Marcel Ospel, criticised for overseeing UBS's first ever annual loss of
SwFr4.4 billion (£2.06 billion), has been nominated by the bank for
re-election as its chairman at its annual meeting on April 23.
Source:
Latest Business News from Times Online | 21 Feb 2008 | 11:04 am
LONDON (Reuters) - Reed Elsevier announced the acquisition of U.S. risk-management business ChoicePoint Inc for $4.1 billion including debt alongside its results, as well as a renewed cost-savings drive and the planned sale of an advertising-dependent information business.
Source:
Reuters: Business News | 21 Feb 2008 | 10:58 am
As a Money reader, you're likely well aware of the wonders of a 401(k). You don't pay up-front taxes on the money you contribute, and you don't owe taxes on your investment earnings until you withdraw the cash in retirement. But some financial advisers (and a couple of books) have begun to voice a dissenting view: If you invest in your 401(k), they say, you'll end up paying more in taxes than you have to. On the face of it, this argument looks plausible. If you buy stocks or stock mutual funds in a regular brokerage account, you will pay a 15% long-term capital-gains rate when you eventually sell. But you'll have to pay ordinary income tax rates of 28% or even 35% on your 401(k) withdrawals. Could the 401(k) skeptics be right?
Source:
Business and financial news - CNNMoney.com | 21 Feb 2008 | 10:57 am
Reuters - Nestle, the world's largest
food company, brushed off fears of commodity price inflation
and global slowdown to post an above forecast 15.8 percent rise
in 2007 net profits sending its shares higher.
Source:
Yahoo! News: Business | 21 Feb 2008 | 10:50 am
VEVEY, Switzerland (Reuters) - Nestle, the world's largest food company, brushed off fears of commodity price inflation and global slowdown to post an above forecast 15.8 percent rise in 2007 net profits sending its shares higher.
Source:
Reuters: Business News | 21 Feb 2008 | 10:50 am
FRANKFURT (Reuters) - Stock index futures pointed to a firmer start on Thursday, adding to the previous session's gains as investors turn to key economic data for support while keeping an eye on the oil price.
Source:
Reuters: Business News | 21 Feb 2008 | 10:45 am
British Airways pilots have voted to go on strike in a row over pay and
conditions that could see thousands of flights cancelled over the Easter
holidays.
Source:
Latest Business News from Times Online | 21 Feb 2008 | 10:39 am
A plan that would help troubled mortgage borrowers today - and might make lenders whole later on - was unveiled today in Washington.
Source:
Business and financial news - CNNMoney.com | 21 Feb 2008 | 10:38 am
<a href="http://timesonline.typepad.com/politics/2008/02/northern-rocky.html">Northern
Rocky: will the Lib Dems withdraw their support?</a>
Source:
Latest Business News from Times Online | 21 Feb 2008 | 10:26 am
Telstra, Australia's dominant telecoms group, reported a stronger-than-expected 13 per cent rise in half-year profits and raised its full-year guidance on the back of solid gains in its internet and...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 10:25 am
PHILADELPHIA/SHANGHAI (Reuters) - Bain Capital Partners and China's Huawei Technologies have withdrawn their application for U.S. security approval of a $2.2 billion purchase of 3Com Corp after failing to satisfy the concerns of a U.S. government panel.
Source:
Reuters: Business News | 21 Feb 2008 | 10:23 am
European stocks came out of the doldrums on Thursday morning, on strong earnings reports and after a positive session in the US overnight. Nestle, the world's biggest foods group, led the way with strong...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 10:21 am
BT has called time on its charges for ringing 0870 consumer service and helpdesk numbers, in a move that will cost the company millions of pounds.
Source:
Telegraph Business | 21 Feb 2008 | 10:20 am
LONDON (MarketWatch) -- Nestle SA, the world's largest food company, on Thursday reported a 16% improvement in 2007 profit as an increased focus on healthier foods paid off and it managed to pass off higher commodity costs to consumers via price increases.
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 10:19 am
SINGAPORE (Reuters) - Virgin Galactic, billionaire Richard Branson's space travel venture, plans to order five more spaceships and aims to turn a profit in five years from its commercial launch in 2010, an official told Reuters on Thursday.
Source:
Reuters: Business News | 21 Feb 2008 | 10:16 am
SINGAPORE (Reuters) - Virgin Galactic, billionaire Richard Branson's space travel venture, plans to order five more spaceships and aims to turn a profit in five years from its commercial...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 10:16 am
Reuters - Bain Capital Partners and
China's Huawei Technologies have withdrawn their
application for U.S. security approval of a $2.2 billion
purchase of 3Com Corp after failing to satisfy the
concerns of a U.S. government panel.
Source:
Yahoo! News: Business | 21 Feb 2008 | 10:02 am
Centrica, owner of British Gas, on Thursday sought to head off protests from consumer groups over increased in gas prices after it reported a 50 per cent rise in pre-tax profits and raised its dividend...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 10:00 am
Societe Generale, the French bank hit by a rogue-trader scandal, on Thursday reported a fourth-quarter loss of 3.35 billion euros, slashed its dividend and warned that its asset-management arm could see further write-downs.
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 9:57 am
Troubled French bank Societe Generale SA said Thursday that a trading scandal and writedowns linked to the crisis in financial markets led to a net loss in the fourth quarter last year.
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 9:56 am
NEW YORK (Reuters) - Web search leader Google Inc. plans to start selling ads to appear in Web videos after it agreed a partnership with YuMe, an online video advertising network.
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 9:55 am
NEW YORK (Reuters) - Web search leader Google Inc. plans to start selling ads to appear in Web videos after it agreed a partnership with YuMe, an online video advertising network.
Source:
Reuters: Business News | 21 Feb 2008 | 9:55 am
TAIPEI (Reuters) - Microsoft Corp expects its sales to Taiwan's contract manufacturers of PCs, including Quanta and Asustek , to rise more than 10 percent in 2008, the head of its Taiwan unit said on Thursday.
Source:
Reuters: Business News | 21 Feb 2008 | 9:52 am
TAIPEI (Reuters) - Microsoft Corp expects its sales to Taiwan's contract manufacturers of PCs, including Quanta and Asustek , to rise more than 10 percent in 2008, the head of its Taiwan...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 9:52 am
Profits at defence company BAE Systems rise 44% thanks to the US firm Armor holdings it bought last year.
Source:
BBC News | Business | World Edition | 21 Feb 2008 | 9:51 am
Asia's larger markets rebounded on Thursday, but sentiment was mixed as some investors bought commodity-related stocks on the back of rising prices while others worried about the impact of those prices...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 9:50 am
Shares in Reed Elsevier rose sharply in London on Thursday morning, as the publisher reported a near doubling in fiscal-year profit and said it would buy the U.S. insurance-data and -analytics firm ChoicePoint.
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 9:46 am
MUNICH (Reuters) - Allianz's net profit dropped by more than half in the fourth quarter, as strength in its main property-casualty insurance business could not offset the damage from...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 9:43 am
French bank Societe Generale reports a profit for 2007, but it is down sharply from 2006 because of a trading scandal.
Source:
BBC News | Business | World Edition | 21 Feb 2008 | 9:42 am
Kingfisher, the retail group that owns B&Q, the UK do-it-yourself chain, on Thursday outlined better sales in the key Christmas and new year period than many analysts had expected, although sales...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 9:40 am
VEVEY, Switzerland (Reuters) - Nestle , the world's largest food company, posted a higher than expected 15.8 percent leap in 2007 net profit on Thursday and detailed plans to push into...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 9:36 am
BAA, the UK airports operator, is the subject of a fascinating rumour doing the rounds in the City that reveals much about the impact of credit derivatives on modern companies and their financing. The...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 9:30 am
Most Asian markets tracked Wall Street higher Thursday, recouping from the previous session, with energy stocks such as Inpex Holdings Inc. in Japan, PetroChina Co. in Hong Kong and Woodside Petroleum in Sydney advancing after crude-oil prices ended at a record in the U.S.
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 9:26 am
Babcock & Brown, which competes with bigger rival Macquarie Group for global infrastructure assets, reported group net profit of A$643m ($590m) compared with its own forecast of at least A$590m....
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 9:21 am
Qantas Airways on Thursday forecast that full-year earnings would grow at least 40 per cent, saying there was little evidence the global economic slowdown was having a "significant dampening in demand"...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 21 Feb 2008 | 9:11 am
Reuters - Reed Elsevier announced the acquisition
of U.S. risk-management business ChoicePoint Inc for $4.1
billion including debt alongside its results, as well as a
renewed cost-savings drive and the planned sale of an
advertising-dependent information business.
Source:
Yahoo! News: Business | 21 Feb 2008 | 9:10 am
Societe Generale missed 75 warning signs on the activities of rogue trader
Jerome Kerviel, an independent report has found, as France's second-largest
bank posted a 82 per cent fall in last year's profit.
Source:
Latest Business News from Times Online | 21 Feb 2008 | 8:57 am
The nation's top ethanol producer is teaming with an Iowa State University researcher in hopes of squeezing more ethanol out of a kernel of corn. Sioux Falls-based Poet LLC already...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 8:54 am
Kingfisher, owner of the B&Q DIY chain, attempted to reassure investors
this morning it would meet full-year profit targets despite a 1.9 per cent
fall in like-for-like sales in the UK during the fourth quarter.
Source:
Latest Business News from Times Online | 21 Feb 2008 | 8:46 am
Reed Elsevier, the Anglo Dutch publishing and information group, said today
that it will pay $4.1 billion ($£2.1 billion) cash for ChoicePoint, the US
risk information group, and has put 15,000 trade magazines up for sale for
an undisclosed sum.
Source:
Latest Business News from Times Online | 21 Feb 2008 | 8:37 am
Thomas Mahoney came out of a seizure last December surrounded by paramedics ready to take him to the hospital by ambulance. Mindful of the cost, he asked his mom and girlfriend to drive...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 8:24 am
British Gas profits surge
Source:
Telegraph Business | 21 Feb 2008 | 8:20 am
British Gas profits surge
Source:
Telegraph Business | 21 Feb 2008 | 8:20 am
German chemical giant BASF wrapped up 2007 with record results owing to positive contributions from recently acquired companies, a statement said Thursday. Net profit leapt...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 8:14 am
German private banks and other financial services companies are involved in some cases of tax evasion by foundations based in Liechtenstein, a press report said Thursday. ...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 21 Feb 2008 | 8:02 am
Dear Karen: I'm a sole proprietor with my only pension a Roth IRA. Is it possible that I can deduct my contributions?
Source:
L.A. Times - Business | 21 Feb 2008 | 8:00 am
The tech giant's strong earnings report helps the index gain 90.04 points and overcome grim inflation data.
Stocks and bonds Wednesday shook off a surprising jump in consumer price inflation and another record close for oil prices.
Source:
L.A. Times - Business | 21 Feb 2008 | 8:00 am
Drapes 4 Show had outgrown its Calabasas space and was set to move to Vegas when L.A. offered an affordable alternative.
Sometimes, what happens in Vegas can stay in Los Angeles.
Source:
L.A. Times - Business | 21 Feb 2008 | 8:00 am
Its priority is prodding expansion, but in a surprise, inflation accelerated in January.
An ominous scenario of rising prices and slowing growth showed itself in spades Wednesday as the government reported that consumer prices are rising at a fast pace even as the housing sector remains stuck in its worst slump in a quarter-century.
Source:
L.A. Times - Business | 21 Feb 2008 | 8:00 am
The city attorney says Health Net defrauded policyholders by dropping patients who needed costly care.
One of the state's largest insurers, Health Net Inc. of Woodland Hills, sold individual policies with the promise of medical coverage while engaging in a secret and illegal scheme to drop patients if they needed expensive treatment, the Los Angeles city attorney contended in a lawsuit filed Wednesday.
Source:
L.A. Times - Business | 21 Feb 2008 | 8:00 am
The investment in England-based Whistlejacket is a small portion of Orange County's overall portfolio, but the once-bankrupt county remains gun-shy about financial risk.
Orange County's latest investments in complex financial deals took a turn for the worse Wednesday when a fund in which the county placed $80 million neared default after a major U.K. bank aborted plans for a bailout.
Source:
L.A. Times - Business | 21 Feb 2008 | 8:00 am
It wasn't long ago that the pharmaceutical industry viewed HIV drugs as more of a public service than possible bestsellers.
Source:
L.A. Times - Business | 21 Feb 2008 | 8:00 am
Making a plan and seeing it through can prevent headaches and expensive surprises at the last minute.
Laura Yamanaka isn't stressing over tackling her company's taxes.
Source:
L.A. Times - Business | 21 Feb 2008 | 8:00 am
Energy giant Centrica is set to come under renewed attack today after it
reported record pre-tax profits up 60 per cent to £1.1 billion, just weeks
after raising gas and electricity prices for 16 million British Gas
customers by 15 per cent.
Source:
Latest Business News from Times Online | 21 Feb 2008 | 7:43 am
British Gas profits surge
Source:
Telegraph Business | 21 Feb 2008 | 7:35 am
Google will launch a new advertising technology that will allow publishers to incorporate text ads into online videos in a move long awaited by the industry
Source:
FT.com - US homepage | 21 Feb 2008 | 7:10 am
WASHINGTON (MarketWatch) -- Concerns about national security appeared Wednesday to have scuttled the $2.2 billion sale of networker 3Com Corp., whose shares dropped as much as 20% on Wednesday.
Source:
MarketWatch.com - Top Stories | 21 Feb 2008 | 5:49 am
The US Navy has successfully used a missile to intercept a damaged spy satellite that was falling to Earth, the Pentagon said
Source:
FT.com - US homepage | 21 Feb 2008 | 4:34 am
AFP - The Federal Reserve on Wednesday slashed its 2008 US economic growth forecast by a half percentage point, citing a housing slump, tight credit and higher oil prices.
Source:
Yahoo! News: Business | 21 Feb 2008 | 3:43 am
AFP - With millions of consumers at stake, global retail giants Carrefour and Wal-Mart are battling it out for market share in China with aggressive expansion plans aimed at opening ever more stores.
Source:
Yahoo! News: Business | 21 Feb 2008 | 3:09 am
John McCain's relationship with a female lobbyist underscores a paradox: Even as he embraces high ethical standards, his confidence in his own integrity sometimes seems to blind him to potential conflicts of interest, says the New York Times
Source:
FT.com - US homepage | 21 Feb 2008 | 2:50 am
SYDNEY - Qantas Airways Ltd , Australia's biggest airline, doubled its first-half profit, beating market estimates and said it was on track to achieve at least a 40 per cent rise in full-year earnings.
"Qantas is seeing no significant...
Source:
New Zealand Herald - Business | 21 Feb 2008 | 2:30 am
Brazilian police link a mysterious computer theft to the recent discovery of a huge gas field.
Source:
BBC News | Business | World Edition | 21 Feb 2008 | 2:27 am
Bain Capital and Huawei Technologies have shelved their $2.2bn deal to acquire 3Com, saying a key Washington committee charged with vetting foreign investments had told Bain it would not approve the purchase
Source:
FT.com - US homepage | 21 Feb 2008 | 2:22 am
Electronic card transaction (ECT) figures for January show further evidence of a slowdown in retail spending.
Releasing the figures today, Statistics New Zealand (SNZ) said the seasonally adjusted value of core retail electronic...
Source:
New Zealand Herald - Business | 21 Feb 2008 | 2:00 am
SYDNEY - Australian engineering contractor Downer EDI Ltd said its first-half profit rose 2 per cent as it reviews its businesses under the helm of new Chief Executive Geoff Knox, who took over February 1.
Downer, which services...
Source:
New Zealand Herald - Business | 21 Feb 2008 | 1:30 am
General Electric has vowed to keep tightening its accounting procedures after an internal probe triggered by a regulatory investigation found "significant deficiencies" in how it booked revenues
Source:
FT.com - US homepage | 21 Feb 2008 | 1:15 am
Federal Reserve policymakers have cut their forecasts for growth this year but marked up their estimates for inflation, the central bank revealed
Source:
FT.com - US homepage | 21 Feb 2008 | 1:13 am
Nucor, a steel maker, said it will spend $115 mil-$125 mil to build a sheet and coiled plate processing center in Mexico. It rose 3.3%.
Source:
Investor's Business Daily: BUSINESS | 21 Feb 2008 | 12:42 am
Mobile phones linked to cancer
Source:
Investor's Business Daily: BUSINESS | 21 Feb 2008 | 12:42 am
Transocean up on strong demand
Source:
Investor's Business Daily: BUSINESS | 21 Feb 2008 | 12:42 am
While investment banks were crying the subprime blues last year, Bankrate, a leading online source for rate information, was laughing all the way...
Source:
Investor's Business Daily: BUSINESS | 21 Feb 2008 | 12:42 am
THREE S BIO (SSRX), a Chinese biotech firm that went public in Feb. '07, posted Q4 EPS of 11 cents, missing views by 2 cents. Revenue grew 40% to...
Source:
Investor's Business Daily: BUSINESS | 21 Feb 2008 | 12:42 am
Australia's Fairfax Media Ltd said today its first-half net profit rose 37.8 per cent, helped a strong performance at its regional businesses which offset weak markets in major cities.
The Sydney-based publisher said net profit...
Source:
New Zealand Herald - Business | 21 Feb 2008 | 12:30 am
William Hill today announced the appointment of Ralph Topping as chief executive of the British bookmaker giant.
Source:
Telegraph Business | 21 Feb 2008 | 12:05 am
The tax take for the month of January hit a record high (in a growing economy this is taken as a given), but the scale of the receipts surprised the markets which had been expecting a surplus £9.5bn number; they actually got £14.1bn!
Source:
Telegraph Business | 21 Feb 2008 | 12:05 am
The nationalisation of Northern Rock will not include the £50bn off-balance sheet vehicle called Granite which funds half of the Newcastle-based lender's mortgages.
Source:
Telegraph Business | 21 Feb 2008 | 12:01 am
On the face of it, laying a pipeline at the bottom of the Baltic Sea shouldn't prove that much of a problem. It's a technical and logistical challenge, but still pretty routine. Except that this is the oil and gas industry, where nothing is simple and everything carries political risk.
Source:
Telegraph Business | 21 Feb 2008 | 12:01 am
Anglo American wants to mop up the prized Australian iron ore assets of rivals BHP Billiton and Rio Tinto in the event that anti-trust regulators force them to make disposals before clearing a tie-up between the pair.
Source:
Telegraph Business | 21 Feb 2008 | 12:01 am
Oil held near $100 a barrel on Thursday, close to all-time highs, boosted by a surge of investor cash into commodities that has banished for now concerns over a slowdown in top oil consumer the United States. 
