Motorola Inc. said on Sunday that it received a $335 million contract to supply a communications network and related services to a Saudi Arabian member of Kuwait’s Zain Group.
Lilia Garcia and her squad of investigators make sure janitorial services operating outside the law pay.
Don't be fooled by the colorfully framed family photos on Lilia Garcia's bookshelves, or the volume of Maya Angelou 's poetry, or the collection of coffee mugs with cheery sayings.
T he battle between Internet users and network operators has heated up again after cable giant Comcast was caught quietly blocking customers from sharing movies, music and other stuff that can clog the Internet's pipes.
You don't have to be a mechanic to spot issues with a car. Here are 10 easy things to look for from Carey Caldwell, purchasing manager for used-car chain CarMax . Above all, he says: "Don't be afraid... Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Mar 2008 | 8:00 am
Federal Reserve Chairman Ben S. Bernanke, it isn't the interest rate that is slowing down the economy or a need to drop the interest rate to stimulate the economy. ("Fed chief hints at more cuts," Feb. 28) There just isn't any money around for us to spend.
Dear Liz: I'm confused about the upcoming tax rebate. In some articles the rebate is described as an advance on next year's refund. In others, experts say the rebate won't affect my refund. Which is correct?
You don't have to be a mechanic to spot issues with a car. Here are 10 easy things to look for from Carey Caldwell, purchasing manager for used-car chain CarMax . Above all, he says: "Don't be afraid to ask hard questions when you find something funny."
T he battle between Internet users and network operators has heated up again after cable giant Comcast was caught quietly blocking customers from sharing movies, music and other stuff that can clog... Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Mar 2008 | 8:00 am
In the last 15 years, "certified pre-owned" vehicles have wedged their way into the secondhand market; last year, 1.6 million were sold in the U.S. But is the label anything more than a fancy way to say "used"?
Dear Liz: I'm confused about the upcoming tax rebate. In some articles the rebate is described as an advance on next year's refund. In others, experts say the rebate won't affect my refund. Which is correct?... Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Mar 2008 | 8:00 am
In the last 15 years, "certified pre-owned" vehicles have wedged their way into the secondhand market; last year, 1.6 million were sold in the U.S. But is the label anything more than a fancy way to say... Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Mar 2008 | 8:00 am
Federal Reserve Chairman Ben S. Bernanke, it isn't the interest rate that is slowing down the economy or a need to drop the interest rate to stimulate the economy. ("Fed chief hints at more cuts," Feb... Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Mar 2008 | 8:00 am
The world's leading private-equity firms are raising tens of billions of dollars for their funds despite massive losses in the existing funds, published reports say. The amounts raised rival those of... Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Mar 2008 | 7:11 am
WINNERSSTRAUSS ZELNICKTake-Two chairman is at the center of an emerging bidding war for the troubled video game maker that could result in a sale worth more than $2 billion. STEVE JOBSApple Inc. chief's... Source: Infocious RSS raw feed - channel BNPaperBusiness | 2 Mar 2008 | 7:11 am
HSBC has been tipped by analysts to report on Monday a 12.4 percent profit increase for 2007 as a strong performance in Asia helped offset rising US bad debts and asset write-downs from the Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Mar 2008 | 6:19 am
Reuters - Private equity firms are snapping up
energy infrastructure assets like pipelines and storage
facilities, which are some of the few buyouts likely to attract
financing as credit markets remain in a deep freeze. Source: Yahoo! News: Business | 2 Mar 2008 | 4:33 am
NEW YORK (Reuters) - Private equity firms are snapping up energy infrastructure assets like pipelines and storage facilities, which are some of the few buyouts likely to attract financing as credit markets remain in a deep freeze.
NEW YORK (Reuters) - Private equity firms are snapping up energy infrastructure assets like pipelines and storage facilities, which are some of the few buyouts likely to attract financing... Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Mar 2008 | 4:33 am
Despite all the pain the U.S. dollar has endured in recent days, the greenback may still have further to fall before seeing any sort of relief, according to currency experts.
OPEC, whose member countries together pump 40 percent of the world's oil, was expected to maintain its official output ceiling on Wednesday as crude prices trade at record highs above 100... Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Mar 2008 | 4:11 am
Reuters - Almost a decade after spinning off
Delphi Corp and more than two years after the auto parts maker
filed for bankruptcy, General Motors Corp is still
grappling with the costly legacy of its former subsidiary. Source: Yahoo! News: Business | 2 Mar 2008 | 4:03 am
DETROIT (Reuters) - Almost a decade after spinning off Delphi Corp and more than two years after the auto parts maker filed for bankruptcy, General Motors Corp is still grappling with the costly legacy of its former subsidiary.
DETROIT (Reuters) - Almost a decade after spinning off Delphi Corp and more than two years after the auto parts maker filed for bankruptcy, General Motors Corp is still grappling with the... Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Mar 2008 | 4:02 am
If last fall's devastating California wildfires weren't enough of a wake-up call, consider this: Nearly 60% of homes nationwide don't carry enough insurance coverage to be fully rebuilt. On average those homes are underinsured by 21%. To give yourself a chance of being made whole, follow these steps before and after disaster strikes.
The European Central Bank will make a cut of sorts this week -- but with eurozone inflation stubbornly high the cut will be to its growth forecasts, not interest rates. "The... Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Mar 2008 | 3:55 am
LONDON (Reuters) - Rollercoaster markets may have cooled investor appetites for shares or property, but interest in offbeat investments is booming as a growing number of art and wine funds compete to combine passion with high returns.
LONDON (Reuters) - Rollercoaster markets may have cooled investor appetites for shares or property, but interest in offbeat investments is booming as a growing number of art and wine funds... Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Mar 2008 | 12:27 am
SHENZHEN/WANZHOU, China (Reuters) - Qi Yunhui didn't even graduate from middle school, but on a recent afternoon he addressed the Shenzhen Intermediate People's Court with the confidence of Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Mar 2008 | 12:23 am
A decision by Global Radio about whether to raise its bid for GCap Radio hangs on a knife-edge this weekend after the owner of Classic FM and Capital Radio firmly rebuffed last week's improved £330m bid. Source: Telegraph Business | 2 Mar 2008 | 12:01 am
Iconic cooker company looks to social networking websites and greener models to cope with a 'demanding year', writes Jonathan Sibun. Source: Telegraph Business | 2 Mar 2008 | 12:01 am
The biggest investors in Northern Rock are this week expected to launch a multi-faceted legal action against the Government, regulators and individuals over the collapse of the now-nationalised bank Source: Telegraph Business | 2 Mar 2008 | 12:01 am
Myspace users will be offered free lessons in everything from eating sushi to giving your cat medication after the social networking giant struck a deal with VideoJug, writes Dominic White. Source: Telegraph Business | 2 Mar 2008 | 12:01 am
Leading shareholders in Rentokil Initial are demanding an immediate management shake-up at the embattled pest control to cleaning business, including the resignation of Doug Flynn, chief executive. Source: Telegraph Business | 2 Mar 2008 | 12:01 am
The Serious Fraud Office (SFO) is escalating its probe into alleged bribery and corruption at BAE Systems, with one line of investigation being a series of commission payments personally overseen by chief executive Mike Turner during the late 1980s. Source: Telegraph Business | 2 Mar 2008 | 12:01 am
The husband-and-wife team who founded Dreams, one of Britain's largest bed retailers, is poised to land an estimated £200m windfall by selling the business into private equity hands. Source: Telegraph Business | 2 Mar 2008 | 12:01 am
Cox & Kings, the upmarket British travel company that was founded in 1758 as a bank for army officers serving in the Raj, will float next month on the Bombay Stock Exchange. Source: Telegraph Business | 2 Mar 2008 | 12:01 am
IT’S more than 100 years since Upton Sinclair’s novel The Jungle shocked
America with its raw depictions of the country’s meat industry. The book
scandalised the reading public, made its way on to the night stand of
President Roosevelt, and contributed to the implementation of America’s
first nationwide food laws. A century on, the scandals continue, and those
laws are looking ropey. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
THE shareholder activist Knight Vinke has presented Stephen Green, chairman of HSBC, with four options to sever ties with HFC, its troubled American banking business. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
A FEW WEEKS AGO I said I would look at transport and the problems road
congestion and overcrowded and unreliable public transport caused for the
economy. The phone, metaphorically speaking, has not stopped ringing. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
ONE of the dissenting family shareholders in the troubled Moss Bros menswear chain is hatching an audacious plan to block an indicative 42p-a-share takeover bid from Baugur, the Icelandic investment group. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
LAST MONTH Cynthia Carroll, chief executive of the Anglo American mining
company, flew to South Africa to meet ministers and officials, including
President Thabo Mbeki. There were big items on the agenda. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
THE cast is pure Vegas. There’s Terry “Baby Face” Lanni, Steve “Win” Wynn, Big
Sheldon Adelson and Gary “The Teacher” Loveman. The plot is a Sin City
classic. Four casino bosses make the ultimate bet – £20 billion – to become
king of The Strip. But this is not a film. Showdown in Showtown is playing
now, live and uncut. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
FEARS of a hedge-fund meltdown are rippling through the City, with dozens more
funds said to be close to following Peloton into collapse. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
THE budget airline Easyjet is planning its first share buyback with a proposal
to purchase and cancel up to 10% of outstanding stock. Shareholders approved
a special resolution authorising the buyback at their recent annual meeting. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
BRITISH aerospace firms were celebrating an order bonanza this weekend, after EADS, the parent company of Airbus, won a $35 billion (£18 billion) Pentagon contract for tanker aircraft. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
AMERICA has only itself to blame for the foreign spending spree buying US assets, Warren Buffett said this weekend. Source: Latest Business News from Times Online | 2 Mar 2008 | 12:00 am
El Salvador on Saturday launched a free trade pact with Taiwan, its first such deal with a partner outside the Americas. President Elias Antonio Saca called the deal historic Source: Infocious RSS raw feed - channel BNewsBusiness | 1 Mar 2008 | 11:57 pm
Saudi Arabia's oil minister believes oil prices are set to stay above a minimum price of 60-70 dollars per barrel, signalling a new era for world energy markets, he said in an interview... Source: Infocious RSS raw feed - channel BNewsBusiness | 1 Mar 2008 | 11:42 pm
The dollar’s drop this week was widely attributed to grim U.S. economic data and the prospect of more interest-rate cuts. But that's only part of the story.
Berkshire Hathaway had another excellent year in 2007, posting an 11% gain in net worth, CEO Warren Buffett said in Friday's annual report to shareholders. Berkshire has grown its per-share book value by a remarkable 21% annually since Buffett took the reins 44 years ago.
There's no magic number for how much income to live on in retirement. But Money Magazine's Walter Updegrave offers simple steps to forming a personal strategy.
Good morning. Today, my Administration is releasing our 2008 National Drug Control Strategy. This report lays out the methods we are using to combat drug abuse in America. And it highlights the hopeful progress we're making in the fight against addiction.
Good morning. This is Congressman Joe Donnelly of Indiana's Second Congressional District. Today it is my pleasure to talk to you about a few of Congress' recent accomplishments on an issue that I believe will help define the future of our nation: energy independence and energy security.
Daimler AG is planning to roll out a hybrid version of its Mercedes- Benz flagship S-Class luxury sedan that uses a kind of battery already widely used in consumer electronics. Daimler Source: Infocious RSS raw feed - channel BNewsBusiness | 1 Mar 2008 | 7:33 pm
WASHINGTON (Reuters) - Northrop Grumman and Airbus parent EADS won a $35 billion U.S. Air Force refueling plane deal on Friday in a surprise blow to Boeing, until now the Pentagon's sole supplier of aerial tankers.
Wyeth Pharmaceuticals says the Food and Drug Administration has approved its new drug Pristiq, which should hit the market sometime in the second quarter of 2008.
Banks owed money by London-based hedge fund Peloton are said to have seized some of its assets after it liquidated one of its funds and disallowed redemptions at another.
Few things grate the public more than the idea of their bank making super profits, year after year, seemingly regardless of the state of the economy. But one thing guaranteed to cause more sleepless nights than a bank with bulging... Source: New Zealand Herald - Business | 1 Mar 2008 | 5:00 pm
The Prime Minister is taking an unusually close interest in the Canadian Pension Plan Investment Fund's hostile bid for 40 per cent of Auckland International Airport.
Airport chairman Tony Frankham is keeping Helen Clark informed... Source: New Zealand Herald - Business | 1 Mar 2008 | 5:00 pm
Homeowners appear unlikely to get relief from high interest rates this week, with a leading economist predicting the risk of inflation will need to be "unconscious on the mat" before the rate will come down.
The Reserve Bank will... Source: New Zealand Herald - Business | 1 Mar 2008 | 5:00 pm
Stocks in the US sank yesterday as another round of weak economic data added to recession fears and a record loss at AIG, the world's biggest insurer, underscored worries about the financial sector.
Major stock indices fell 2 per... Source: New Zealand Herald - Business | 1 Mar 2008 | 5:00 pm
Hammered again by the soaring value of the kiwi dollar, New Zealand's manufacturers are taking a different tack in their attempts to put their industry on a better footing - with compulsory superannuation now being touted as a possible... Source: New Zealand Herald - Business | 1 Mar 2008 | 5:00 pm
The directors of Five Star Finance lived in multimillion-dollar homes, drove expensive cars and took holidays to the Mediterranean.
One director's daughter received $400,000 months before her debenture matured. But a retired couple... Source: New Zealand Herald - Business | 1 Mar 2008 | 5:00 pm
The dollar’s drop this week was widely attributed to grim U.S. economic data and the prospect of more interest-rate cuts. But that's only part of the story.
Deb Gilbertson, director of 'innovation consultancy' Te Kaihau Ltd, answers questions about ethics and business.
How would you define ethics?
Ethics is more than making decisions between right and wrong. More often it is... Source: New Zealand Herald - Business | 1 Mar 2008 | 5:00 pm
What is it called and what sort of savings product is it?
The Liontamer Emerge Series 1 fund is a capital protected fund.
What's the company behind it?
Liontamer is New Zealand's capital protected investment specialist.... Source: New Zealand Herald - Business | 1 Mar 2008 | 5:00 pm
Two years ago on labor day I stumbled onto Bikram yoga in a studio on West 72nd Street in New York City and was hooked within a week. Now it's an integral part of how I run my business.
Mercedes Benz reportedly plans to introduce a hybrid sedan that uses lithium ion batteries in 2009, while GM is also slated to announce progress on the new clean technology.
Reuters - Venezuela wants next week's OPEC
meeting to discuss its escalating legal battle with Exxon Mobil
, a Venezuelan official was reported by Algeria's
official APS news agency as saying on Saturday. Source: Yahoo! News: Business | 1 Mar 2008 | 4:09 pm
ALGIERS (Reuters) - Venezuela wants next week's OPEC meeting to discuss its escalating legal battle with Exxon Mobil , a Venezuelan official was reported by Algeria's official APS news agency as saying on Saturday.
Reuters - Warren Buffett concluded a highly
profitable year for his Berkshire Hathaway Inc (BRKa.N)
(BRKb.N) with an admonition for lenders who fueled the housing
crisis and words of caution that Berkshire's own results might
be less stellar than in 2007. Source: Yahoo! News: Business | 1 Mar 2008 | 2:22 pm
NEW YORK (Reuters) - Warren Buffett concluded a highly profitable year for his Berkshire Hathaway Inc with an admonition for lenders who fueled the housing crisis and words of caution that Berkshire's own results might be less stellar than in 2007.
MILAN (Reuters) - Italian designer Giorgio Armani's fashion group is in talks with L'Oreal about the French cosmetics company possibly taking a stake in it, Milano Finanza reported on Saturday.
Question: My 63-year-old mother earns about $1,200 a month, has $90,000 in savings and, as a result of a recent refinancing, has a $90,000 30-year mortgage. In three years she will begin collecting an estimated $1,300 a month from Social Security. A financial adviser suggests she put $60,000 into a variable annuity that is guaranteed to double in value in 10 years. Is this a good idea? --David, Denver, Colorado
