Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – German police were hunting Monday for four bandits who stormed a poker tournament in Berlin and made off with euro240,000 ($328,000) in jackpot money in a brazen daylight heist.
Read More: German poker tournament robbers still on the run
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – American International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid.
Read More: AIG sells Alico unit to MetLife for $15.5 billion
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – Cablevision and ABC were negotiating a deal Monday that tentatively ended a dispute over fees and restored millions of viewers’ access to the Academy Awards telecast in New York, New Jersey and Connecticut shortly after the broadcast began.
Read More: ABC returns to Cablevision, but talks go on
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
Read More: Apple, Monster Worldwide, RCN are big movers
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – How do you know that the sender of an e-mail that has landed in your inbox is trying to steal your money or your identity? The message comes right out and asks for it.
Read More: Tax season bringing out the fraud artists
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – Arrow Energy Ltd., a major owner of natural gas assets in northern Australia, said Monday that a company jointly owned by Royal Dutch Shell and PetroChina has sent it a takeover bid worth $3.3 billion Australian dollars ($3 billion).
Read More: Arrow Energy gets $3 billion takeover bid
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – McDonald’s Corp. said Monday that sales at restaurants open at least a year climbed 4.8 percent in February on strong overseas growth and a small rise in U.S. sales.
Read More: McDonald's key sales figure rises in February
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – Stocks edged higher Monday after a new round of mergers and acquisitions raised hopes for the economy.
Read More: Stocks inch higher as dealmaking boosts confidence
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
BusinessWeek – ITT Educational Services didn’t pay $20.8 million for debt-ridden Daniel Webster College in June just to acquire its red-brick campus, 1,200 students, or computer science and aviation training programs.
Read More: How Colleges Are Buying Respect
(BusinessWeek)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – Toyota Motor Corp. President Akio Toyoda met with Japan’s prime minister Monday and promised to restore trust in the automaker’s cars as it embarks on a broad campaign to repair its tarnished reputation.
Read More: Toyota chief meets Japan PM, vows to rebuild trust
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
Reuters – AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a $182.3 billion U.S. government bailout.
Read More: MetLife buying AIG's Alico unit for $15.5 billion
(Reuters)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
Reuters – Most U.S. business economists expect the Federal Reserve to raise benchmark interest rates within six months by between a quarter and a half percentage point, according to a survey released on Monday.
Read More: Economists see Fed rate hike in 6 months
(Reuters)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
Reuters – Greek Prime Minister George Papandreou on Monday urged the Group of 20 to take the lead in efforts to rein in market speculators, warning that failing to do so could trigger another global financial crisis.
Read More: Greek PM urges wider efforts to rein in speculators
(Reuters)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
AP – Book retailer Barnes & Noble Inc. said Monday it named Jonathan Shar general manager, digital newsstand and emerging content of its Web site.
Read More: Barnes & Noble names head of digital content
(AP)
Posted under Business on Monday, March 8th, 2010 at 7:47 am
Zimbabwe has introduced a law that forces companies to sell a majority stake in their businesses to indigenous people.
Read More: Zimbabwe's new rules on company ownership
Posted under Business on Monday, March 8th, 2010 at 7:47 am
Marks and Spencers chief executive Sir Stuart Rose has outlined a new green strategy aimed at making the firm the worlds most sustainable retailer.
Read More: M&S unveils green strategy
Posted under Business on Monday, March 8th, 2010 at 7:47 am
Home builder Taylor Wimpey has announced an operating profit for 2009 of just over £40m, with almost 10,200 homes completed in the UK at an average selling price of £160,000.
Pete Redfern from Taylor Wimpey says he believes the UK housing market has strengthened ’significantly’ over the past year.
Read More: Taylor Wimpey: market 'strengthened'
Posted under Business on Monday, March 8th, 2010 at 7:47 am
Australia’s central bank has raised interest rates, for the fourth time since October, as it seeks to cool its growing economy.
Read More: Australia raises interest rates to 4%
