Unpredictable week for U.S. stocks on mixed earnings reports Wall Street started the week down, on news of an unexpected loss at Wachovia. Tuesday and Wednesday saw U.S. stocks up on better-than-expected earnings reports from the financial sector as well as IBM, Coca-Cola, and Intel. Thursday’s mix of both upbeat and bleak earnings reports lead to a volatile session that ended with U.S. stocks slightly higher. And, stocks soared Friday following Google and Citigroup financials. The TSX spent the week up on rising oil prices and commodities, reaching a five-month high Thursday on financials and energy stocks.
BEIJING (Reuters) - Automobile industry executives at Beijing's bi-annual auto show forecast another boom year in China in 2008, with sales in the world's No. 2 car market rising and production ramping up to take advantage of lower costs.
Royal Bank of Scotland is considering selling its insurance firms Direct Line and Churchill, a report suggests. Source: BBC News | Business | World Edition | 20 Apr 2008 | 11:44 am
The world's top car-makers descended on China in force Sunday for the eight-day Beijing Auto Show 2008, which is expected to attract up to 600,000 prospective buyers. Top... Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 11:43 am
In the run up to the Pennsylvania primary this Tuesday, the headlines have focused on issues such as the Democratic candidates' religious piety and empathy for the working class.
A plan to loan money to UK banks is needed to stop the financial crisis worsening, the chancellor says. Source: BBC News | Business | World Edition | 20 Apr 2008 | 11:31 am
Automakers issued ambitious forecasts Sunday of up to 65 percent sales growth in China's booming market this year _ a striking contrast to the gloom in the United States and elsewhere. Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 11:23 am
Automakers issued ambitious forecasts Sunday of up to 65 percent sales growth in China's booming market this year _ a striking contrast to the gloom in the United States and elsewhere. Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 11:20 am
The chief executive of Eni SpA said Sunday that the share of profits taken by governments of oil-rich countries is cutting international oil companies' profits, in some cases below their... Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 11:07 am
The Bank of England will unveil on Monday a plan to take over high street banks' mortgage commitments in return for government bonds, Chancellor of the Exchequer Alistair Darling said. Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 10:01 am
Indebted homeowners could get "mortgage holidays" and other deals to prevent or offset the pain of repossession, under government plans due to be discussed this week. Source: Telegraph Business | 20 Apr 2008 | 10:01 am
Indebted homeowners could get "mortgage holidays" and other deals to prevent or offset the pain of repossession, under government plans due to be discussed this week. Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 10:01 am
So, do you think the markets have hit a bottom? While the Dow Jones industrial average was up 4.3 percent last week, led by financial sector shares like Merrill Lynch, JPMorgan Chase, Goldman Sachs and... Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 9:31 am
Scores of hedge funds, already suffering through one of the poorest performance stretches in recent memory, got blasted last Thursday after one giant fund sold investments on the belief that the Federal... Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 9:31 am
Dear John: I have Certificates of Deposit maturing very shortly. I went to BankRate.com and found the two highest annual yields - each over 4 percent - were offered by banks with the site's lowest rating... Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 9:31 am
The turmoil slamming Wall Street's brokerages and the ensuing international credit crunch has begun to hit college campuses from coast to coast as MBA candidates find job offers rescinded and few opportunities... Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 9:31 am
The S&P; 500, spurred by upbeat earnings reports, rose 4.4 percent last week. That may be hard to repeat this week as data on existing home sales for March are expected to be released on Tuesday and... Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 9:31 am
Who needs an MBA? Two twenty-something frat buddies and poker professionals from the Midwest who are piloting one of the hottest online poker-education sites say their corner-office expertise comes not... Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 9:31 am
CENTERPLATE, the longstanding seller of hot dogs and beer at Yankee Stadium and other arenas around the country, is likely kicking itself for not accepting a takeover offer over two years ago from its... Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 9:31 am
Hollywood may be the glitz-and-glamour part of the entertainment industry, but the video-game business has certainly stolen the all-important dollars from Tinseltown - as next week's clash of the titans,... Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 9:31 am
As foreclosures continue to pile up at a record pace, driving all home prices lower; and consumers - buried under a huge pile of credit card and auto loan debt - slow spending; Washington is all but ignoring... Source: Infocious RSS raw feed - channel BNPaperBusiness | 20 Apr 2008 | 9:31 am
Iran's outgoing economy minister has revealed that he opposed many of President Mahmoud Ahmadinejad's economic policies despite serving almost three years in his government, a magazine... Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 9:31 am
GENEVA (Reuters) - Swiss bank UBS is showing no signs of emerging from its crisis, activist shareholder and former CEO Luqman Arnold said on Sunday. Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 9:26 am
Chrysler LLC's talks on a possible joint venture with China's Chery Automobile Co. are progressing but a China-made car being produced by the alliance is not ready for the U.S. market,... Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 8:58 am
Daimler AG, the maker of Mercedes-Benz cars, is discussing sharing components and technology development with rival BMW AG, Daimler CEO Dieter Zetsche said Sunday. The luxury... Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 8:55 am
Reuters - Automobile industry executives at
Beijing's bi-annual auto show forecast another boom year in
China in 2008, with sales in the world's No. 2 car market
rising and production ramping up to take advantage of lower
costs.
BEIJING (Reuters) - Automobile industry executives at Beijing's bi-annual auto show forecast another boom year in China in 2008, with sales in the world's No. 2 car market rising and... Source: Infocious RSS raw feed - channel BNewsBusiness | 20 Apr 2008 | 8:49 am
BEIJING (Reuters) - Mercedes Benz launched the GLK small SUV in the Chinese market on Sunday, and its head, Daimler chief executive Dieter Zetsche, said he was convinced the group would overtake German rival BMW in the fast growing market.
They say that trusts set up to handle the singer's affairs have been mismanaged.
Shortly before Christmas 2002, Ray Charles called a meeting of his 12 children at a hotel near Los Angeles International Airport. Ten of them, ranging in age from 16 to 50 -- with 10 mothers among them -- listened as their father told them he was mortally ill and outlined what they could expect from his fortune.
Thank you for the April 16 column about the misleading tactic used by Reunion.com to entice new members. (" Too much contact at this Reunion ," Consumer Confidential.)
A canceled flight leaves one traveler's plans up in the air. But the carrier makes good.
For three hours, I waited. And waited. As the American Airlines terminal at Los Angeles International Airport overflowed with fuming travelers -- victims of massive flight cancellations -- one question kept running through my mind: When do I get in my car and drive to Las Vegas instead?
Instead of broadband, utilities opt for cheaper, lower-speed connections.
California's three biggest utilities are charging customers nearly $4.6 billion to install millions of "smart meters" at homes and businesses. These newfangled meters, the utilities promise, will revolutionize energy usage by giving consumers far greater control over how much they pay for power.
Dear Liz: I'm self-employed and have a Simplified Employee Pension account. Every year I borrow from an equity line to contribute the maximum to this account. My wife questions whether we are ahead by doing this. I say yes because we obviously save on the amount we pay in taxes and are paying only 5.25% on the equity line. We hope to pay off the loan in six months, plus we get to write off the interest. Is this a good plan?
Reuters - Mercedes Benz launched the GLK small
SUV in the Chinese market on Sunday, and its head, Daimler
chief executive Dieter Zetsche, said he was convinced the group
would overtake German rival BMW in the fast growing market.
BEIJING (Reuters) - General Motors Corp Chief Executive Rick Wagoner said on Sunday he was confident the automaker could resolve outstanding contract issues with local bargaining units for the United Auto Workers union that have shut down a plant producing popular crossover vehicles.
Reuters - China needs to remain vigilant about
inflationary pressures spreading from food to other products,
despite a dip in overall consumer price rises in March, an
assistant central bank governor said on Sunday. Source: Yahoo! News: Business | 20 Apr 2008 | 5:14 am
Reuters - General Motors Corp Chief
Executive Rick Wagoner said on Sunday he was confident the
automaker could resolve outstanding contract issues with local
bargaining units for the United Auto Workers union that have
shut down a plant producing popular crossover vehicles.
It's going to be another round of weak data on home sales and consumer sentiment this coming week, economists say, just days ahead of the Federal Reserve's latest policy meeting on interest rates.
BEIJING (Reuters) - China needs to remain vigilant about
inflationary pressures spreading from food to other products,
despite a dip in overall consumer price rises in March, an
assistant central bank governor said on Sunday.
Reuters - Investments in start-ups fell 5
percent to $7.1 billion during the first three months of 2008
compared to the year-ago quarter, signaling that venture
capitalists may be less willing to open their wallets during a
U.S. economic downturn.
SAN FRANCISCO (Reuters) - Investments in start-ups fell 5 percent to $7.1 billion during the first three months of 2008 compared to the year-ago quarter, signaling that venture capitalists may be less willing to open their wallets during a U.S. economic downturn.
The BBC's commercial arm is courting private equity firms to join a bid for the owner of digital television channels such as UKTV Drama, Bravo and UKTV Gold, writes Mark Kleinman. Source: Telegraph Business | 20 Apr 2008 | 12:01 am
The private equity owner of one of Britain's largest holiday and caravan park operators, has been forced to inject millions of pounds of new money into the business. Source: Telegraph Business | 20 Apr 2008 | 12:01 am
Sir Fred Goodwin, chief executive of Royal Bank of Scotland, held secret talks with the City regulator over a multibillion pound rights issue days before he reveals that the group has racked up £6bn of losses from the turmoil in the credit markets. Source: Telegraph Business | 20 Apr 2008 | 12:01 am
Disgruntled retailers operating from Heathrow's Terminal 5 are to demand rent reductions from airports operator BAA following "dreadful" sales in the wake of the building's chaotic opening on March 27. Source: Telegraph Business | 20 Apr 2008 | 12:01 am
Touts selling on tickets for "crown jewel" sporting events such as the men's Wimbledon final and England test cricket matches are facing a crackdown, writes Juliette Garside. Source: Telegraph Business | 20 Apr 2008 | 12:01 am
The head of one of China's largest state-owned banks is to join the board of Barclays within a matter of weeks, people close to the UK bank said last night. Source: Telegraph Business | 20 Apr 2008 | 12:01 am
The nation's largest supermarket has parried the rising cost of commodities by slashing prices. James Hall reports. Source: Telegraph Business | 20 Apr 2008 | 12:01 am
Feted as the wonder boy of British banking despite cutting his executive teeth in retail, Andy Hornby was 39 when he was elevated to the helm of HBOS. Source: Telegraph Business | 20 Apr 2008 | 12:01 am
NEW YORK - A New York judge ordered CNN reporter Richard Quest to undergo six months of counseling today after Quest was arrested in Central Park for possession of a controlled substance, his lawyer said.
The British reporter is... Source: New Zealand Herald - Business | 19 Apr 2008 | 11:57 pm
AS the numbers of redundancies mounts on Wall Street, the lists of its
wealthiest just keep coming. And boy, are the wealthiest getting wealthier. Source: Latest Business News from Times Online | 19 Apr 2008 | 11:00 pm
Prince Andrew, Britain’s roving business ambassador for seven years, has decided to employ some of the country’s top brains on a personal mission. Source: Latest Business News from Times Online | 19 Apr 2008 | 11:00 pm
The Bank of England’s package to restore liquidity and confidence to the money
markets could provide the economy with a significant boost and head off part
of the widely expected economic downturn, analysts say. Source: Latest Business News from Times Online | 19 Apr 2008 | 11:00 pm
Four peers are planning to throw a spanner this week into government plans to
sell London & Continental Railways, owner of Eurostar and the high-speed
rail link to the Channel Tunnel. They will try to reverse a crucial piece of
enabling legislation that sets the terms for the sale. Source: Latest Business News from Times Online | 19 Apr 2008 | 11:00 pm
The High Court is set to rule on who owns the rights to a form of ancient origami used to fold maps. Source: Latest Business News from Times Online | 19 Apr 2008 | 11:00 pm
The female entrepreneur who brought Fake Bake artificial tanning creams to
Britain has acquired the brand’s American parent company in a deal worth
more than £10m. Source: Latest Business News from Times Online | 19 Apr 2008 | 11:00 pm
Travelodge, Britain’s second-biggest operator of budget hotels, has stepped up its expansion plans with the acquisition of six properties from Menzies Hotels. Source: Latest Business News from Times Online | 19 Apr 2008 | 11:00 pm
The luxury airline Eos is in talks to secure a $50m (£25m) cash injection in the hope of breaking even next year. Source: Latest Business News from Times Online | 19 Apr 2008 | 11:00 pm
There will be a cry for Sir Fred Goodwin’s head this week, when the chief
executive of Royal Bank of Scotland (RBS) confirms a £12 billion rights
issue and announces big write-offs. Source: Latest Business News from Times Online | 19 Apr 2008 | 11:00 pm
The only good news at Royal Bank of Scotland is that the bad news is not worse. RBS will probably write down another $14 billion and raise as much as $12 billion through a rights offering. "It will likely be a kitchen-sinking exercise. They only want to do this once," one of the sources said according to Reuters. Those who thought the banking crisis was passing may want to think again. Douglas A. McIntyre
Microsoft is expected to post strong profit and sales gains when it reports earnings Thursday for its fiscal third quarter, a period that saw it enter an aggressive takeover bid for Yahoo.
Good morning. I'm Governor Howard Dean, Chairman of the Democratic National Committee. I want to start by offering Pope Benedict XVI the warmest welcome as he travels here in the United States. He is in our thoughts and prayers while he visits America.
Good morning. Next week, I will be hosting the North American Leaders' Summit in New Orleans. This event will give me an opportunity to meet with Canadian Prime Minister Stephen Harper and Mexican President Felipe Calderon to discuss some of the most significant issues facing our hemisphere and the world.
Discarded, boarded up and abandoned during the 1990s, bank branches are staging a Lazarus-like comeback, with a new look, new feel and a newly acknowledged role in keeping customers happy.
The days of the bank branch should, on... Source: New Zealand Herald - Business | 19 Apr 2008 | 5:00 pm
Fisher & Paykel's decision to up stumps and shift its Dunedin production line offshore along with 450 jobs is a body blow to New Zealand confidence.
But shareholders in Fisher & Paykel Appliances will see the move as rational,... Source: New Zealand Herald - Business | 19 Apr 2008 | 5:00 pm
An Auckland investment banker, acquitted of fraud and money laundering charges four years ago, is recalling loans allegedly worth $330 million from more than 100 companies with tax benefits set up by well-heeled New Zealanders.
Last... Source: New Zealand Herald - Business | 19 Apr 2008 | 5:00 pm
Do New Zealanders lack the skills needed to run their businesses well?
By our rate of business ownership, Kiwis are the most entrepreneurial people in the world, but this doesn't mean we're always well-prepared for the daily challenges... Source: New Zealand Herald - Business | 19 Apr 2008 | 5:00 pm
Economists say the Reserve Bank will hold the line on interest rates this week, with a hoped-for easing in monetary policy still many months off.
The bank will announce on Thursday whether it will hold, raise or lower the official... Source: New Zealand Herald - Business | 19 Apr 2008 | 5:00 pm
What is it called and what sort of savings product is it?
The First Choice KiwiSaver Global Sustainability Fund is an international sharemarket investment.
Which company is behind it?
The fund is promoted as part of ASB... Source: New Zealand Herald - Business | 19 Apr 2008 | 5:00 pm
The dollar climbed to a seven-week peak against the yen and moved further away from a record low versus the euro yesterday after Citigroup's results sparked hope that the worst of the credit crisis has passed.
Troubles at US financial... Source: New Zealand Herald - Business | 19 Apr 2008 | 4:59 pm
As disappointing quarterly results come pouring in, companies trying to boost profitability are looking to cut costs in a tried-and-true way: cutting tens of thousands of jobs.
General Motors is on track to begin production of the Chevrolet Volt in 2010, according to GM executives involved in the car's development. But consumers should ready themselves for something a little tamer-looking than the concept car GM revealed in January 2007.
NEW YORK (Reuters) - Private equity and real estate firm Blackstone Group said on Saturday it would vigorously defend itself against a lawsuit filed against it by Alliance Data Systems Corp and "does not intend to settle."
LONDON (Reuters) - Royal Bank of Scotland's board is due to meet this weekend to discuss writedowns as high as 7 billion pounds ($14 billion) and a rights issue of as much as 12 billion, people familiar with the matter said on Saturday.
NEW YORK (MarketWatch) -- U.S. stocks will enter the coming week with newfound optimism, after a spate of quarterly results from ailing financial firms failed to spook jaded investors, while upbeat earnings at technology and multinational companies soothed concerns about global growth.
There is a fairly widely held theory that moves in the stock market are a good predictor of what will happen in the broader economy two quarters later. The Shanghai Composite, the largest measure of Chinese stock prices has dropped by over half since its October high of over 6,000. As The Wall Street Journal points out "It is crimping expansion in the country's nascent financial sector and may put a squeeze in corporate coffers." The drop in the index is signaling something much worse than a dip in the IPO market. The Chinese economy is facing serious problems and...
BERLIN (Reuters) - Wage and fiscal policy in the euro zone could buoy inflation and the European Central Bank may need to act, ECB Governing Council member Axel Weber said in a newspaper interview released on Saturday.
Over the past year or two, a combo of new government regulations and a chaotic stock market - not to mention the continued slashing of traditional pensions - has spurred many companies to revamp their 401(k) plans in ways that can pay off big-time.
Reuters - Automobile industry executives at
Beijing's bi-annual auto show forecast another boom year in
China in 2008, with sales in the world's No. 2 car market
rising and production ramping up to take advantage of lower
costs.
Reuters - Mercedes Benz launched the GLK small
SUV in the Chinese market on Sunday, and its head, Daimler
chief executive Dieter Zetsche, said he was convinced the group
would overtake German rival BMW in the fast growing market.
Reuters - General Motors Corp Chief
Executive Rick Wagoner said on Sunday he was confident the
automaker could resolve outstanding contract issues with local
bargaining units for the United Auto Workers union that have
shut down a plant producing popular crossover vehicles.
Reuters - Investments in start-ups fell 5
percent to $7.1 billion during the first three months of 2008
compared to the year-ago quarter, signaling that venture
capitalists may be less willing to open their wallets during a
U.S. economic downturn.