Posted under Business on Wednesday, May 11th, 2011 at 11:21 pm
Read More: Public transit to work – Washington Post
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – The number of Americans who lost their homes to the bank fell in April as faulty paperwork continued to slow foreclosure activity, which fell to a more than three-year low, a closely watched survey said on Thursday.
Read More: Foreclosures fall in April amid paperwork issues
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
AP – Senate Democrats are calling top executives from the five biggest oil companies before a congressional hearing to flog them verbally for high gasoline prices, big profits and generous tax breaks that Democrats would like to end but don’t have the votes to stop.
Read More: Oil CEOs head to Hill for grilling by Senate Dems
(AP)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – Nissan Motor Co (7201.T) posted a 7.2 percent rise in quarterly operating profit on Thursday but offered no guidance for this financial year, citing uncertainties over the pace of recovery after Japan’s March 11 earthquake disrupted the industry’s supply chain.
Read More: Nissan Q4 rises, gives no guidance on quake uncertainty
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – Cisco Systems Inc warned that it will fare worse this quarter than Wall Street had feared, and laid out plans for global job cuts as it struggles to revive growth.
Read More: Cisco warns of sales miss, eyes $1 billion savings
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
AP – Fewer Americans had their homes repossessed by banks or were put on notice for being behind on their mortgage payments in April compared to a year ago.
Read More: Pace of foreclosures slowed further in April
(AP)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – HSBC’s new boss is to cut back in retail banking and may sell its U.S. credit card arm in a bid to cut $3.5 billion in costs and revive flagging profits.
Read More: HSBC in $3.5 billion cost-cutting overhaul
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – American International Group and theTreasury on Wednesday said they will sell around $9 billion in AIG stock, but sources familiar with the situation said the Treasury would pull the sale if it cannot be done profitably.
Read More: AIG's $9 billion offering could be pulled: sources
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – Oil rebounded by about $1 on Thursday as investors focused on strong demand growth in Asia after a sell-off the previous day triggered by a surprise increase in U.S. gasoline stockpiles.
Read More: Oil rebounds 1 percent on robust demand from Asia
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – Asia’s reserve-rich nations see no viable option but to keep on purchasing U.S. government debt despite their uneasiness about Washington’s fraught political battle over public spending.
Read More: Reserve-rich Asia wary of U.S. debt debate but keeps buying
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
AP – Riot police made heavy use of tear gas and stun grenades to disperse youths throwing stones and petrol bombs as thousands of demonstrators marched through central Athens on Wednesday to protest the Greek government’s harsh austerity measures.
Read More: Stones thrown, tear gas fired at Athens march
(AP)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – A group of 150 hooded demonstrators attacked three policemen in an Athens hospital after a protester was seriously injured in an anti-austerity march on the first day of a visit by EU and IMF inspectors.
Read More: Clashes in Greece as EU and IMF start key visit
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
BusinessWeek – My first impression on landing in Vietnam was, “Oh wow, Ho Chi Minh City looks exactly like Sarajevo.” It is a testament to the proliferation of 1970s Soviet architecture that I could fly halfway around the world and feel as if I had arrived back in my own home country of Bosnia, another beneficiary of Soviet-style economic planning. I was visiting Vietnam (and subsequently Cambodia) on a Global Residency trip with my MBA program at Georgetown University’s McDonough School of Business (McDonough Full-Time MBA Profile). …
Read More: MBA Journal: Doing Business in Vietnam
(BusinessWeek)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – Asian share markets tumbled on Thursday after a second big sell-off in commodities in less than a week curbed investor appetite for riskier investments and boosted the U.S. dollar, while a short-lived recovery in oil prices was wiped out in late trade.
Read More: Asia stocks fall sharply on weaker commodities
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – Larger financial firms should face more onerous regulatory requirements to make sure they can withstand turbulence in economy or credit markets, Federal Reserve Chairman Ben Bernanke will say on Thursday.
Read More: Bernanke says big banks need tighter rules
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Reuters – Hedge fund founder Raj Rajaratnam was found guilty on all 14 counts of insider trading in a sweeping victory for the government and a vindication of its aggressive use of phone taps to pursue Wall Street crimes.
Read More: Rajaratnam convicted on all insider trading charges
(Reuters)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
AP – Nissan says it rounded out a record year for car sales by returning to the profit in the fourth quarter after a loss the year before but Chief Executive Carlos Ghosn acknowledged serious challenges from Japan’s natural disasters.
Read More: Nissan posts $380 million quarterly profit
(AP)
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Starbucks boss Howard Shultz: “I wish there was a lot more transparency involved” in the coffee market.
Read More: AUDIO: Starbucks boss on coffee prices
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
Exploring one of South America’s most popular and flourishing destinations – the coastal city of Florianopolis in Brazil.
Read More: VIDEO: Brazil city booms in financial crisis
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
US Treasury Secretary Tim Geithner has called on China to rely more on its own spending and less on exports.
Read More: VIDEO: US urges China to spend at home
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
The European Commission is discussing a plan to strip away special export advantages for some developing nations enjoying economic success
Read More: VIDEO: EU look to remove export advantages
Posted under Business on Wednesday, May 11th, 2011 at 11:20 pm
US hedge fund billionaire Raj Rajaratnam has been found guilty of making tens of millions of dollars from insider trading.
Read More: VIDEO: Billionaire guilty of insider trading
Posted under Business on Thursday, December 23rd, 2010 at 6:14 pm
Read More: Boeing resumes Dreamliner testing – CNET
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
AP – Economic reports Thursday suggest employers are laying off fewer workers, businesses are ordering more computers and appliances, and consumers are spending with more confidence.
Read More: Fewer people apply for unemployment benefits
(AP)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
Reuters – President Barack Obama will again nominate economist Peter Diamond to the Federal Reserve Board next year, a White House official said on Thursday, setting up a potential clash with Republicans who will have more influence in the new Senate.
Read More: Obama to renominate Diamond to Fed: official
(Reuters)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
AP – Having won big in the fall elections, Republicans preparing to take over statehouses around the country are proposing to cut corporate taxes, weaken union clout and rewrite laws on discrimination, whistle-blowers and injured workers to the benefit of employers.
Read More: New GOP wave pushes pro-business agenda in states
(AP)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
AP – Rates on fixed mortgages dipped after rising for five weeks in a row.
Read More: Mortgage rates edge down after 5 weeks of gains
(AP)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
Reuters – Confidence among consumers rose in December to its highest level since June, on improved job prospects and larger discounts from retailers, a survey released on Thursday showed.
Read More: Consumer sentiment at highest level since June
(Reuters)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
AP – A federal board allowed to monitor testing of a key piece of Gulf oil spill evidence — the blowout preventer — demanded Thursday that the analysis stop, saying representatives of the companies that made and maintained the 300-ton device have been getting preferential and sometimes hands-on access to it.
Read More: Fed board: Keep companies from oil spill evidence
(AP)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
Reuters – Toyota has agreed to pay $10 million to settle legal claims from the family of a California state trooper and three relatives whose fatal car wreck helped spark the automaker’s wide-ranging safety recall, lawyers said on Thursday.
Read More: Toyota settles suit over California crash
(Reuters)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
Reuters – Demand for a range of long-lasting U.S. manufactured goods surged in November and consumer spending rose for a fifth straight month, cementing views of a solid economic growth pace in the fourth quarter.
Read More: Data reinforce solid fourth-quarter growth hopes
(Reuters)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
Reuters – Stocks racked up a fourth straight week of gains on Thursday, as investors expected optimism about the economic recovery to support equities through year-end.
Read More: Wall Street marks 4th week of gains
(Reuters)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
AP – A Romanian television engineer apparently distraught that budget cuts had reduced benefits for his autistic teenage son dived more than 20 feet (about seven meters) from a balcony onto the floor of Romania’s parliament Thursday, then shouted “Freedom!” as emergency workers took him out on a stretcher.
Read More: Romanian flings himself from parliament balcony
(AP)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
AP – Portugal had its credit rating downgraded Thursday by the Fitch Ratings agency amid mounting concerns over the country’s ability to raise money in the markets to finance its hefty borrowings.
Read More: Portugal's debt rating downgraded by Fitch
(AP)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
Reuters – MBIA Inc won a key ruling that will sharply reduce the time and cost of gathering evidence to prove that Bank of America fraudulently induced it to insure billions of dollars of mortgage bonds.
Read More: MBIA wins key ruling in Bank of America case
(Reuters)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
AP – Toyota Motor Corp. agreed to pay $10 million to the family of four people killed in a runaway Lexus crash that led to recalls of millions of the automaker’s vehicles, attorneys said Thursday.
Read More: Toyota to pay $10 million in runaway Lexus crash
(AP)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
AP – It’s Black Friday, The Sequel. Stores are rolling out deals and expect to be swimming in shoppers on Christmas Eve as stragglers take advantage of a day off work. For retailers, the last-minute rush caps the best year since 2007, and possibly ever.
Read More: Christmas Eve shoppers may lead to spending record
(AP)
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
Carmen Roberts rounds up the best of travel from around the world wide web, including ways to pass the time while waiting for delayed flights, and the cabin crew who make their safety demonstration a joy to behold.
Read More: How to pass time at the airport
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
About 20,000 opposition supporters have protested in Delhi against the ruling Congress party government’s handling of a huge corruption investigation.
Read More: Protests over India phone scandal
Posted under Business on Thursday, December 23rd, 2010 at 6:13 pm
Toy inventor Stefan Knox talks about all the hard work that goes into developing toys, from brainstorming the initial idea, to convincing the manufacturers to take it to market.
Read More: Toy Story: How are toys invented?
Posted under Business on Wednesday, December 22nd, 2010 at 6:10 pm
Reuters – The S&P 500 rose on Wednesday to its highest level since the collapse of Lehman Brothers, led by bank stocks that have leapfrogged other sectors in December.
Read More: Bank shares help keep alive year-end rally
(Reuters)
Posted under Business on Wednesday, December 22nd, 2010 at 6:10 pm
AP – An attorney who represented Kennedy cousin Michael Skakel in his murder trial was sentenced Wednesday to one year and one day in federal prison for failing to pay about $420,000 in income taxes.
Read More: Kennedy cousin lawyer heading to prison over taxes
(AP)
Posted under Business on Wednesday, December 22nd, 2010 at 6:10 pm
Reuters – France wants all 16 euro zone governments and any other interested European Union members to coordinate their economic policy more closely in the future, Economy Minister Christine Lagarde told a German newspaper.
Read More: France wants closer euro zone economic policy: report
(Reuters)
Posted under Business on Wednesday, December 22nd, 2010 at 6:10 pm
AP – Expectations for economic growth next year are turning more optimistic now that Americans will have a little more cash in their pockets.
Read More: Tax cuts raise expectations for economy in 2011
(AP)
Posted under Business on Wednesday, December 22nd, 2010 at 6:10 pm
AFP – The long list of trade disputes between the United States and China lengthened further, as Washington asked the WTO to examine subsidies to the Chinese wind power sector.
Read More: US challenges Chinese wind power subsidies at WTO
(AFP)
Posted under Business on Wednesday, December 22nd, 2010 at 6:10 pm
BusinessWeek – For business schools, 2010 was a year of uncertainty, thanks mostly to the lingering effects of the recession.
Read More: Top B-School Stories of 2010
(BusinessWeek)
