A potato buyer for supermarket Sainsbury's is arrested over claims he received £3m from a supplier. Source: BBC News | Business | World Edition | 16 Mar 2008 | 12:55 pm
Lawyers for ex-media tycoon Conrad Black file a new appeal, two weeks after he starts a prison sentence. Source: BBC News | Business | World Edition | 16 Mar 2008 | 12:44 pm
ROME (Reuters) - Alitalia has agreed to be bought by Air France-KLM, the world's biggest airline by revenues, in a deal valuing the near-bankrupt airline's equity at just 138 million euros ($215 million) -- far less than expected.
Two people were killed and a wide area of metropolitan Atlanta was severely damaged after storms – and the city’s first downtown tornado – wreaked havoc over the weekend, media reports said.
TEL AVIV (Reuters) - El Al Israel Airlines said on Sunday it had ordered four Boeing Co 777-200ER planes for $540 million. Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 11:07 am
A federal appeals court in Chicago affirmed a ruling that the online bulletin board Craigslist isn’t liable for posting housing ads that violate anti-discrimination laws.
Alitalia's board on Sunday unanimously accepted Air France-KLM's bid valued at $1.1 billion in a move to save the struggling national carrier. The Air France-KLM offer values the... Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 10:40 am
Alitalia's board on Sunday unanimously accepted Air France-KLM's bid valued at $1.1 billion in a move to save the struggling national carrier. The Air France-KLM offer values the... Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 10:39 am
DUBAI (Reuters) - The weak dollar and the flow of investment money into commodities have pushed oil prices to a fresh record so more pumping from OPEC would have done little to stop the surge, a senior OPEC delegate said on Sunday.
DUBAI (Reuters) - The weak dollar and the flow of investment money into commodities have pushed oil prices to a fresh record so more pumping from OPEC would have done little to stop the... Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 9:39 am
An article published by MarketWatch on Sunday about a gambler who lost a lawsuit against the U.K. betting firm William Hill incorrectly attributed the piece. It was published by the Times of London on Wednesday.
Struggling Italian state carrier Alitalia agrees to a cut-price 138m euros Air France-KLM takeover deal. Source: BBC News | Business | World Edition | 16 Mar 2008 | 9:31 am
(Corrects to show report was from Times of London on Wednesday.) A greyhound trainer lost a lawsuit in which he charged that the U.K. bookmaker William Hill had failed to stop him from compulsive betting, the Times of London reported.
WASHINGTON (MarketWatch) - With the dramatic events of the past week, including the rescue of Bear Stearns Cos., experts said it was likely that the central bank will follow up with a large cut in interest rates on Tuesday.
In what New York’s mayor, Michael Bloomberg, called one of the city’s worst construction accidents, a crane collapsed on Saturday and smashed into several buildings, killing four construction workers and injuring at least 10 other people, media reports said.
The board of the Italian airline Alitalia, which has been unprofitable for five years running, agreed to a takeover valued at about $216 million by Air France KLM, the French-Dutch carrier said on Sunday.
TAIPEI (Reuters) - When Bernard Liu was looking for people to join his team of equity researchers at JPMorgan in Taiwan last year, he found a labor market rich in engineers but lacking in people qualified for the service sector.
A chill of fear set in for Wall Street's investment bankers and traders yesterday, as layoffs loomed following the unnerving bailout of one of the industry's biggest banks. As the Federal Reserve made... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 8:00 am
WINNERSVIKRAM PANDITCitigroup CEO pocketed $165.2M last year after bank giant purchased Old Lane LP, the hedge fund he ran, for $600M.RICHARD CLARKMerck & Co.'s top dog sees total compensation nearly... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 8:00 am
Ben Bernanke can't revive the housing market and the banks aren't helping him. The US Federal Reserve has cut interest rates five times, pumped $200 billion into the financial system last week, and its... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 8:00 am
Barry Diller is fond of saying, "When you are on the side of the angels, sometimes a fight is good for the soul." And while the IAC/InterActiveCorp CEO took his fair share of punches from Liberty Media's... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 8:00 am
When Circuit City, the embattled electronics retailer, entered into a $1.3 billion revolving credit agreement earlier this year, it knew the growing credit crunch wasn't going to be kind. Banks were running... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 8:00 am
Dear John: I just received my Con Edison bill, which for the first time lists and explains all charges. So I found out that Con Edison is charging consumers a sales tax on the "Gross Receipts & other... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 8:00 am
MOVIE industry insiders were chuckling last week after Viacom CEO Philippe Dauman expressed optimism that the company's rift with DreamWorks could be smoothed over. Speaking at a Bear Stearns investor... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 8:00 am
Green stocks haven't exactly been putting the green in investors' wallets lately. Since Jan. 1, exchange- traded funds that invest in a basket of green, or alternative energy and clean tech, stocks are... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 8:00 am
COULD it happen here? Well it has. And it was none too pretty a picture as it unfolded on Wall Street this week. What I'm referring to, of course, is the Federal Reserve rescue of Bear Stearns, the fifth... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 8:00 am
Japan's two major parties signalled Sunday they would reach a compromise on the next central bank chief, with only three days left before the post falls vacant amid global market turmoil. Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 7:30 am
Health nut Dan Kim aims to create Red Mango converts across North America.
As an intern at an investment banking firm, Dan Kim lived every poor college student's dream: takeout meals delivered to his office every day, and on the company dime.
Angelo Mozilo was obviously wide awake when the matter of his own self-interest was at stake, but asleep at the switch when Countrywide shares plummeted during the mortgage meltdown ("Mozilo defends stock... Source: Infocious RSS raw feed - channel BNPaperBusiness | 16 Mar 2008 | 7:00 am
Cellphone bill larger than you expected? Regulation is urged to increase disclosure and curb added charges.
Raul Martinez's cellphone plan offered free roaming for calls to anywhere in the United States and Canada. So when the 50-year-old resident of East Hollywood took a two-week vacation north of the border last summer, he assumed he had nothing to worry about. ¶ He didn't read the fine print. ¶ Martinez said he was astounded when about $400 in roaming fees appeared on his next Verizon Wireless bill. The free roaming included calls made to Canada, but not from Canada. ¶ "You just have to be careful that you really read your bill," said Martinez, who works for a real estate firm. "Some of it's a little sneaky." ¶ Pressure is mounting on wireless companies to stop the sneakiness. Consumer advocates and lawmakers are trying to get providers to make cellphone bills easier to understand and lower some charges, such as the termination fees for canceling service before your contract ends.
After 35 years of determined saving, a Moorpark couple seek guidance on retiring early and well.
Judy and Steve Haibach had never dreamed they'd wind up as middle-class millionaires. Now they don't know what to do with the $1.7 million they've squirreled away for their retirement.
You might not know it, but as of January it became illegal in California for companies to require workers to have devices implanted under their skin that would reveal their whereabouts at all times.
Angelo Mozilo was obviously wide awake when the matter of his own self-interest was at stake, but asleep at the switch when Countrywide shares plummeted during the mortgage meltdown ("Mozilo defends stock sales," March 8).
Bhavana, a 24-year-old computer engineer, has like many Indians found opportunity overseas, but she came to out-of-the-way Uruguay, far from familiar crowds and the tastes of home. Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 6:39 am
The Tories may hold tax cuts for a first term of parliament to build up reserves to secure a second term, a shadow minister says. Source: BBC News | Business | World Edition | 16 Mar 2008 | 4:42 am
South Africa, producer of 30 percent of the gold in circulation today, is unable to profit fully from record prices for the precious metal as a crippling electricity crisis hampers... Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 4:33 am
France's top employers federation is caught in a fierce battle of wills between would-be reformers and a powerful industrial old guard, pinned under the spotlight over a financial scandal. Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 4:19 am
GOLD RIVER, BC, March 16 /PRNewswire/ - Green Island Energy Ltd. (Green Island Energy) announced today that it is partnering with Covanta Holding Corporation... Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 3:05 am
During a week in which the Federal Reserve may seriously contemplate a full percentage point cut in the overnight interest rate (the largest ever and four times as large as the typical move), how can a simple report on industrial output, or housing starts get any attention at all? Nonetheless, these reports will be key pieces needed to fill in the puzzle of where the economy is heading.
Reuters - When Bernard Liu was looking for people
to join his team of equity researchers at JPMorgan in Taiwan
last year, he found a labor market rich in engineers but
lacking in people qualified for the service sector.
TAIPEI (Reuters) - When Bernard Liu was looking for people to join his team of equity researchers at JPMorgan in Taiwan last year, he found a labor market rich in engineers but lacking in... Source: Infocious RSS raw feed - channel BNewsBusiness | 16 Mar 2008 | 12:09 am
Tullett Prebon, the interdealer broker headed by the City tycoon Terry Smith, will tomorrow unveil a deal to buy one of the world's largest oil broking firms. Source: Telegraph Business | 16 Mar 2008 | 12:01 am
How many of the 2,300 gambling-focused websites in the UK can you name? Martin Higginson, the chairman and chief executive of NetPlayTV, is betting that the answer is "not many". Source: Telegraph Business | 16 Mar 2008 | 12:01 am
Mitchells & Butlers (M&B) is to consider selling a minority stake to private equity firms in return for an injection of cash that would help repair the embattled bars operator's balance sheet. Source: Telegraph Business | 16 Mar 2008 | 12:01 am
The BHP Billiton director charged with winning over Rio Tinto shareholders has mocked its rival's assessment of its aluminium business, claiming the valuation is around $50bn wide of the mark. Source: Telegraph Business | 16 Mar 2008 | 12:01 am
Sir David Michels, the new deputy chairman of Marks & Spencer, is to cull his portfolio of directorships, potentially spelling the end of his tenure on the boards of companies including British Land and RAB Capital, write Mark Kleinman and Louise Armitstead. Source: Telegraph Business | 16 Mar 2008 | 12:01 am
The former BP boss has a brief to invest in both 'old' and green energy. Which way will he turn, asks Russell Hotten. Source: Telegraph Business | 16 Mar 2008 | 12:01 am
John Lovering, veteran high street dealmaker and Debenhams chairman, is believed to be considering stepping down from the helm of the department store group. Source: Telegraph Business | 16 Mar 2008 | 12:01 am
The surprise announcement that M&S's chief executive was taking on a wider role on the board has raised eyebrows - and the share price has lost its bloom too. Mark Kleinman reports. Source: Telegraph Business | 16 Mar 2008 | 12:01 am
Did Alistair Darling deliver last week's Budget with his fingers crossed? In fact, I wouldn't be surprised if Gladstone's famous battered briefcase was stuffed full of horseshoes, silver bullets and lucky rabbits' feet. Source: Telegraph Business | 16 Mar 2008 | 12:01 am
At its scheduled meeting on Tuesday, or even before, the US central bank will no doubt lower rates again. Source: Telegraph Business | 16 Mar 2008 | 12:01 am
MARKS & SPENCER is to risk inflaming shareholder anger by giving an
expected £450,000 pay-off to Lord Burns, its departing nonexecutive chairman. Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
THE future of Sir James Dyson’s £56m design and engineering school in Bath is under threat ahead of a planning vote by local councillors on Wednesday. Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
BRITAIN’s largest aerospace and defence groups, Rolls-Royce and BAE Systems,
have asked the government to break with tradition and let them appoint a
foreign chief executive. Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
THE bosses of four of Britain’s top airlines will tomorrow urge transport
secretary Ruth Kelly to reform airport regulation and push for the break-up
of BAA. Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
JOE LEWIS, the secretive British billionaire, has lost an estimated $800m in
the collapse of the American investment bank Bear Stearns.$ Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
THE designer Sir Terence Conran is at loggerheads with the French advertising
giant Havas over the right to use his name. Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
THE leisure group Whitbread has been holding secret talks to merge its Premier
Inn budget-hotel business with the rival Travelodge chain in a move that
would create a £3 billion hospitality giant. Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
The rumours had been swirling around for days. Early last week America’s
Federal Reserve led other central banks by announcing the injection of $280
billion ($£138 billion) into the markets to help ailing banks. Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
THE tool-hire group Speedy Hire is considering the sale of one of its
best-performing businesses, Speedy Space, as the firm battles investor
concerns over its leveraged balance sheet. Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
A UKRAINIAN steel group has taken a significant step towards what is likely to be one of the biggest floats in London this year. Source: Latest Business News from Times Online | 16 Mar 2008 | 12:00 am
Dear FSB: One of my employees is pretty capable, but she lacks people skills. No one in the office likes dealing with her. Recently she called me at home at 9 P.M. on a Friday, crying and saying she was typing up her résumé because the entire staff was against her. I listened, and then hinted that it wasn't the time or place to discuss this. Now office tension is high. Can I tell this woman that, because she said she was updating her résumé, I assume she's given notice?
SEATTLE (MarketWatch) -- Financial stocks will fall a lot further and make you handsome profits over the coming six- to 12 months if you're positioned correctly.
PHILADELPHIA (Reuters) - The emergency rescue of Bear Stearns Co Inc on Friday left observers from all quarters wondering who would be the last man standing at the Wall Street bank.
Reuters - President George W. Bush plans to
meet on Monday with top U.S. financial policymakers, the White
House said, at a time of increased strains in credit markets
and fears of a recession.
WASHINGTON (Reuters) - President George W. Bush plans to meet on Monday with top U.S. financial policymakers, the White House said, at a time of increased strains in credit markets and fears of a recession.
For a few glorious years, Blue Chip business partners and buddies Mark Bryers and Bob Bangerter were on a high.
As Blue Chip customers raided their piggy banks and tweaked the equity in their family homes, the cash rolled in. It... Source: New Zealand Herald - Business | 15 Mar 2008 | 5:00 pm
Blue Chip co-founder Mark Bryers is being threatened with bankruptcy proceedings unless he settles a $13.6 million High Court claim against him.
Bryers has led lawyers working for a Singapore developer a merry dance while trying... Source: New Zealand Herald - Business | 15 Mar 2008 | 5:00 pm
A multi-million-dollar luxury launch owned by one of the embattled Blue Chip founders has been sold to Olympic equestrian hero Mark Todd.
Bob Bangerter, co-founder of Blue Chip with Mark Bryers, has sold his 22m cruiser Nirvana... Source: New Zealand Herald - Business | 15 Mar 2008 | 5:00 pm
A new dawn of internet competition has arrived - but will it be enough to keep New Zealand's economy growing? No, says the New Zealand Institute, which is calling for an unprecedented investment in laying fibre optic cables across... Source: New Zealand Herald - Business | 15 Mar 2008 | 5:00 pm
They've won over the shareholders - now they just need to convince the Government. Would-be big airport investor Canadian Pension Plan Investment Board (CPP) will this week try to convince ministers David Parker and Clayton Cosgrove... Source: New Zealand Herald - Business | 15 Mar 2008 | 5:00 pm
Senior analyst Tony Boyte answers questions about Nielsen Online's Consumer Generated Media report.
What is consumer-generated media?
It is the practice of citizens digitally publishing and distributing all forms of content,... Source: New Zealand Herald - Business | 15 Mar 2008 | 5:00 pm
What is it called and what sort of savings product is it?
ANZ National perpetual callable subordinated bonds.
Which company is behind it?
ANZ National Bank is the largest full-service bank in New Zealand with more than two... Source: New Zealand Herald - Business | 15 Mar 2008 | 5:00 pm
Reuters - The UK government has approached energy
suppliers to see if they are interested in its 35.2 percent
stake in nuclear power company British Energy Group Plc
, the Financial Times reported on Saturday.
LONDON (Reuters) - The UK government has approached energy suppliers to see if they are interested in its 35.2 percent stake in nuclear power company British Energy Group Plc , the Financial Times reported on Saturday.
More Americans than ever before are being audited, as the Internal Revenue Service is working hard to collect every single greenback it can. The total number of individual returns audited last year increased 7% from 2006, shooting up from 1.29 million to 1.38 million audits in 2007.
Reuters - When Bernard Liu was looking for people
to join his team of equity researchers at JPMorgan in Taiwan
last year, he found a labor market rich in engineers but
lacking in people qualified for the service sector.
Reuters - President George W. Bush plans to
meet on Monday with top U.S. financial policymakers, the White
House said, at a time of increased strains in credit markets
and fears of a recession.
Reuters - The UK government has approached energy
suppliers to see if they are interested in its 35.2 percent
stake in nuclear power company British Energy Group Plc
, the Financial Times reported on Saturday.