U.S. stocks are poised for more volatility and losses next week, with investors digesting the past week’s turbulence, including further evidence suggesting that the U.S. economy is in recession and that the credit crisis shows no signs of abating.
TEL AVIV (MarketWatch) -- Virgin Media could be the subject of a bid by a number of U.S. private-equity firms, a deal that could net $750 million for the U.K. investor Richard Branson, the U.K. Observer reported on Sunday.
HARARE (Reuters) - Zimbabwe's President Robert Mugabe has signed into law a bill giving local owners the right to take majority control of foreign companies, including mines and banks, a government newspaper reported on Sunday.
A plot by Islamic terrorists to target the Beijing Olympics was thwarted late in January by China’s police, a senior Communist Party official told reporters on Sunday.
China says there are many more workers than jobs available but there is still a shortage of skilled workers. Source: BBC News | Business | World Edition | 9 Mar 2008 | 10:47 am
Reuters - The FBI has begun a criminal inquiry
into the largest U.S. mortgage lender, Countrywide Financial
Corp , for suspected securities fraud as part of
investigations into the mortgage crisis, The New York Times
reported in Sunday editions.
NEW YORK (Reuters) - The FBI has begun a criminal inquiry into the largest U.S. mortgage lender, Countrywide Financial Corp, for suspected securities fraud as part of investigations into the mortgage crisis, The New York Times reported in Sunday editions.
The exposure of yet another fake memoir last week has the book publishing world doing another round of hand wringing and finger pointing. "I do think that publishers are getting upset by the number of... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
Two-year Treasury notes continued to rally last week, pushing yields down to their lowest point in more than four years before easing to close at 1.52 percent. While the credit crunch and fears of rising... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
The banking sector's fear of practically any type of debt is fueling a credit crisis that in all likelihood has already sent the US economy into a recession, Wall Street insiders said last week. Banks,... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
WARREN BUFFETTThe Oracle of Omaha named richest man by Forbes magazine as he guides Berkshire Hathaway up11% in 2007.LLOYD BLANKFEINIs $100M a year enough, sir? That's what the Goldman Sachs CEO took home... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
FOR most mere mortals, the annual arrival of the Forbes billionaires list is always fascinating, albeit a tad depressing. But this year's list - unveiled last week - is a bit more sobering and revealing... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
Wow, oh, wow! The World Wide Web has just got a little more crowded. Fifteen women, all media, society, and business heavyweights - including Post columnist Liz Smith, "60 Minutes" correspondent Lesley... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
AT a time when investor con cerns are mounting over the negative impact an economic downturn could have on Walt Disney Co.'s theme park business, the blogs are buzzing with talk that CEO Bob Iger and the... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
Investor Wilbur Ross is betting $1 billion he'll make a tidy fortune from cities and towns struggling to find money for schools, roads and even dogcatchers in the new credit crisis. Billionaires like... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
Warren Buffett's long-term bullish bet on the economy is also one of his riskiest. The world's wealthiest person - and CEO of Berkshire Hathaway - is making the risky wager by selling 15-to-20 year "put"... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
Dear John: I inherited a number of Series EE bonds from my mother. My late father purchased these bonds in the 1960's, so they carry a substantial tax liability. I had them reissued as HH bonds in my... Source: Infocious RSS raw feed - channel BNPaperBusiness | 9 Mar 2008 | 9:01 am
Japan's opposition suggested Sunday it would fight the government's choice of a nominee for the central bank chief, setting the scene for a divisive fight in the country's stalled... Source: Infocious RSS raw feed - channel BNewsBusiness | 9 Mar 2008 | 8:57 am
A former lawyer and media commentator who lost nearly $1 million from gambling is claiming in a lawsuit that the casinos at which she played had a duty to notice her compulsion and to stop her, the Associated Press reported.
Deanna Corbin, 46, would live in Los Angeles if she could. But she can't, at least not with a modicum of space and safety, not on her $38,000 salary as an administrative secretary.
A former reporter for USA Today was ordered to personally pay daily fines that could run into the thousands of dollars because she refuses to disclose certain sources of information she used in reporting on the anthrax attacks in the U.S. in 2001, media reports say.
Barack Obama picks up another win, defeating rival Hillary Clinton in Wyoming in the latest contest on the path to the party’s presidential nomination.
Malaysia's long-ruling National Front government, in a surprise upset, suffered its biggest ever electoral setback in polls, placing the future of prime minister Abdullah Badawi in doubt Source: FT.com - US homepage | 9 Mar 2008 | 3:49 am
PARIS (Reuters) - Europe has been shielded from the effects of rising oil prices to some extent by the strength of the euro, European Commission President Jose Manuel Barroso told a French... Source: Infocious RSS raw feed - channel BNewsBusiness | 9 Mar 2008 | 1:15 am
PARIS (Reuters) - Europe has been shielded from the effects of rising oil prices to some extent by the strength of the euro, European Commission President Jose Manuel Barroso told a French newspaper in an interview released on Saturday.
Reuters - Europe has been shielded from the effects
of rising oil prices to some extent by the strength of the
euro, European Commission President Jose Manuel Barroso told a
French newspaper in an interview released on Saturday.
Barack Obama on Saturday night comfortably won caucuses in the western US state of Wyoming, as the Illinois senator sought to regain momentum in the race for the Democratic nomination after defeats to rival Hillary Clinton in Texas and Ohio last week Source: FT.com - US homepage | 9 Mar 2008 | 1:00 am
It was good enough for that Monsieur Le President, François Mitterrand, who employed the services of an astrologer, Elizabeth Teissier. Now, we discover, Winston Churchill was also a devotee, so astrology must also be good enough for Alistair Darling. Source: Telegraph Business | 9 Mar 2008 | 12:01 am
The head of the British arm of Nikko Principal Investments (NPI), the former owner of the RoadChef motorway services chain, is leading a £400m bid for the private equity group. Source: Telegraph Business | 9 Mar 2008 | 12:01 am
Questor agrees with Citi, which believes the current weakness in the share price, and particularly any further falls, presents a good buying opportunity. Source: Telegraph Business | 9 Mar 2008 | 12:01 am
The board of Rentokil Initial has been instructed by leading shareholders to appoint a new executive chairman "within weeks" Source: Telegraph Business | 9 Mar 2008 | 12:01 am
Virgin Media's senior executives will miss out on bonuses worth up to 75 per cent of their salary, after the company's protracted dispute with BSkyB and increased competition in the broadband market hit profits. Source: Telegraph Business | 9 Mar 2008 | 12:01 am
Labour is losing the plot and suddenly alienating British industry, say Edmund Conway and Russell Hotten. Source: Telegraph Business | 9 Mar 2008 | 12:01 am
In the wake of assaults by rebel investors on Vodafone and HSBC, the telecoms giant may be next, says Dominic White. Source: Telegraph Business | 9 Mar 2008 | 12:01 am
Mark Crosbie, the Centrica executive who has helped chief executive Sam Laidlaw to transform the owner of British Gas through a string of deals, is to quit the company. Source: Telegraph Business | 9 Mar 2008 | 12:01 am
BT will formally begin the process of recruiting a successor for Ben Verwaayen, its Dutch chief executive, within a matter of months, people close to the company said last night Source: Telegraph Business | 9 Mar 2008 | 12:01 am
HarperCollins, the book publishing giant owned by News Corporation, is poised to buy out of administration a small publishing house co-run by Scott Pack, the controversial former head buyer at Waterstone's. Source: Telegraph Business | 9 Mar 2008 | 12:01 am
ALISTAIR DARLING is set to announce concessions this week on his controversial
plans to tax “non-doms” and non-residents, in a bid to placate business. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
AREBEL GROUP of Close Brothers shareholders is plotting a management coup at
the blue-blooded merchant bank. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
THEY are young: Fawn James is 22 and her sister, India Rose James, is just 16.
They live in Home Counties comfort, sharing a house with their father near
Woking in Surrey. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
DRAGONS’ DEN judge Peter Jones has seized a 22% stake in Expansys, the struggling online retailer of mobile phones and other wireless gadgets, according to bankers. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
GERMAN engineering giant Siemens has suffered the ignominy of being booted off an IT contract by the Department for Work and Pensions. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
MORRISONS, the resurgent Bradford-based supermarket giant, is expected to unveil plans this week to return more than £500m to shareholders through a share buyback. The news will come as the company announces bumper full-year results. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
THE BOSS of VT Group, Paul Lester, has emerged as the frontrunner to become BAE Systems’ new chief executive, the top job in the British defence industry. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
THE chief executive of Capital & Regional, one of Britain’s biggest
shopping-centre and retail-park owners, is to be ousted after a boardroom
bust-up. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
THE London Eye is set to roll into the Big Apple. Merlin Entertainments, the firm behind the Eye, has clinched a deal to operate a giant wheel at a new retail and leisure complex just outside Manhattan. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
AMERICA’s economy is definitely in recession, economists say, amid growing
fears that the credit crunch is entering its most dangerous phase. Source: Latest Business News from Times Online | 9 Mar 2008 | 12:00 am
U.S. stocks are poised for more volatility and losses next week, with investors digesting the past week’s turbulence, including further evidence suggesting that the U.S. economy is in recession and that the credit crisis shows no signs of abating.
It was bound to happen - the Toyota Prius could soon lose its crown as the most fuel-efficient car on the market. But you might want to hold off before you cancel your order.
Chrysler LLC says it is closing its advanced design studio in California as part of a companywide consolidation. Chrysler says work from the studio in Carlsbad, Calif., will be moved ... Source: Infocious RSS raw feed - channel BNewsBusiness | 8 Mar 2008 | 8:10 pm
A company that sells "male enhancement" tablets and other herbal supplements can remain in business while its top executive awaits sentencing on fraud and money laundering charges, a... Source: Infocious RSS raw feed - channel BNewsBusiness | 8 Mar 2008 | 7:50 pm
Despite a troubled year that helped expose Yahoo to a hostile acquisition bid., the company is giving its president and general counsel increased annual bonuses.
The low point in Kimberly Henderson's struggle to keep her family warm came in early January when she was too broke to order an oil delivery and had to buy a 5-gallon container to take to Source: Infocious RSS raw feed - channel BNewsBusiness | 8 Mar 2008 | 6:45 pm
Blue Chip co-founder Mark Bryers regularly visited an Auckland brothel, sometimes spending thousands of dollars to block-book the venue and its women.
A Herald on Sunday investigation has revealed Bryers, 50 - whose personal... Source: New Zealand Herald - Business | 8 Mar 2008 | 5:00 pm
A real estate director dealing with devastated Blue Chip investors has taken formal action against a property valuer involved in a lot of the property dealings.
Martin Dunn, managing director of City Sales in Auckland, believes... Source: New Zealand Herald - Business | 8 Mar 2008 | 5:00 pm
My heart freely also burns with the desire to give all love to the man which deserves this. My letter is sent from agency, from an email of agency, and I ask on him to not answer. And to write only on my email. It for me will be easier.... Source: New Zealand Herald - Business | 8 Mar 2008 | 5:00 pm
Stocks in the US fell yesterday after a government report showed employers cut jobs last month at the steepest rate in nearly five years, compounding fears of recession in the world's largest economy.
Big industrials seen as economic... Source: New Zealand Herald - Business | 8 Mar 2008 | 5:00 pm
Who planted the story that Auckland Airport chairman Tony Frankham was considering "action" against the Herald on Sunday over last week's column, which revealed he had twice briefed the Prime Minister ahead of shareholders on key... Source: New Zealand Herald - Business | 8 Mar 2008 | 5:00 pm
The Federal Reserve yesterday announced emergency measures to add US$200 billion ($250b) into the banking system to ease liquidity strains that are leading to a global credit freeze.
The Fed said it would increase the size of its... Source: New Zealand Herald - Business | 8 Mar 2008 | 5:00 pm
The mayor of Horowhenua, Brendan Duffy, is stunned by the collapse of two Feltex carpet plants in the region.
About 160 workers from Foxton and Feilding have been axed in a move that will devastate the community, says Duffy.
Workers... Source: New Zealand Herald - Business | 8 Mar 2008 | 5:00 pm
DESTIN, Fla., March 8 /PRNewswire/ -- Spring break travelers can save up to $70 per night on Florida beach vacations by booking online at Source: Infocious RSS raw feed - channel BNewsBusiness | 8 Mar 2008 | 4:50 pm
NEW YORK (Reuters) - U.S. stocks fell on Friday to close at their lowest level in 19 months after a report showed that employers unexpectedly shed jobs at the steepest rate in nearly five... Source: Infocious RSS raw feed - channel BNewsBusiness | 8 Mar 2008 | 4:46 pm
NEW YORK (Reuters) - U.S. stocks fell on Friday to close at their lowest level in 19 months after a report showed that employers unexpectedly shed jobs at the steepest rate in nearly five years, standing as confirmation for many investors that the United States is in recession.
WASHINGTON (Reuters) - Employers unexpectedly cut jobs in February at the steepest rate in nearly five years, a second straight month of employment losses that heightened fears the world's largest economy has skidded into recession.
President George W. Bush vetoed legislation passed by Congress that would have banned the CIA from using waterboarding and other controversial interrogation techniques Source: FT.com - US homepage | 8 Mar 2008 | 3:58 pm
Russia's President Vladimir Putin warned the west it could expect no easing of Russia's combative foreign policy under his protege, president-elect Dmitry Medvedev. Source: FT.com - US homepage | 8 Mar 2008 | 3:44 pm
The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp., according to a report in The Wall Street Journal. The mortgage company is suspected of widespread fraud, the paper said, which may have contributed to the subprime mortgage crisis that has rocked the U.S. economy.
Iraq's President Jalal Talabani Saturday urged Turkish businesses to invest massively in Iraq during a visit also aimed at easing tensions following Turkey's cross-border offensive against... Source: Infocious RSS raw feed - channel BNewsBusiness | 8 Mar 2008 | 2:26 pm
Reuters - Wall Street banks are facing a
"systemic margin call" that may deplete banks of $325 billion
of capital due to deteriorating subprime U.S. mortgages,
JPMorgan Chase & Co , said in a report late on Friday. Source: Yahoo! News: Business | 8 Mar 2008 | 2:24 pm
NEW YORK (Reuters) - Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase... Source: Infocious RSS raw feed - channel BNewsBusiness | 8 Mar 2008 | 2:23 pm
NEW YORK (Reuters) - Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co , said in a report late on Friday.
Zambian President Levy Mwanawasa Saturday blacklisted dozens of local construction companies for allegedly swindling the government through dubious multi-million contracts, his aide... Source: Infocious RSS raw feed - channel BNewsBusiness | 8 Mar 2008 | 2:20 pm
A trio of high-profile CEOs defended their oversized pay packages to Congress on Friday, even as their companies and shareholders lost billions of dollars as a result of the ongoing mortgage crisis.
Clients come to me with money in college savings plans from dozens of states, but I've never seen a single one who had invested in Utah's 529. Why is that? I assume it's because, unlike most states, Utah doesn't have an adviser-sold plan, so financial planners have no incentive to invest their clients' money in it.
A US oil executive is jailed for two years for paying millions of dollars in bribes to Saddam Hussein's government. Source: BBC News | Business | World Edition | 8 Mar 2008 | 12:49 pm
Reuters - The FBI has begun a criminal inquiry
into the largest U.S. mortgage lender, Countrywide Financial
Corp , for suspected securities fraud as part of
investigations into the mortgage crisis, The New York Times
reported in Sunday editions.
Reuters - Europe has been shielded from the effects
of rising oil prices to some extent by the strength of the
euro, European Commission President Jose Manuel Barroso told a
French newspaper in an interview released on Saturday.