Business and Finance News
Services, manufacturing lag in Euro zone
Connecticut State News.NetLONDON - The eurozone's service sector shrank this month while the manufacturing also did not perform so well, according to a new business survey. Markit's Eurozone Services Purchasing Managers' ...
Suburban train accident in Argentina kills 49
Connecticut State News.NetBUENOS AIRES, Argentina - Scores of people were killed and hundreds injured Wednesday when an overcrowded suburban train derailed at a central city station, Buenos Aires Civil Defence director ...
Suburban train accident in Argentina kills 49
Connecticut State News.NetBUENOS AIRES, Argentina Scores of people were killed and hundreds injured Wednesday when an overcrowded suburban train derailed at a central city station, Buenos Aires Civil Defence director Daniel ...
Oil major Shell makes $1.6bn offer to acquire Cove Energy of Africa
Connecticut State News.NetLONDON - Anglo-Dutch oil major Royal Dutch Shell has offered to buy African oil exploration major Cove Energy for 994.4 million pounds ($1.6 billion) to expand its operations in Mozambique and ...
Megaupload's Kim Dotcom granted bail
Connecticut State News.NetAUCKLAND - Founder of file sharing website Megaupload.com Kim Dotcom alias Kim Schmitz, who has been jailed here since January 20 at the request of the US, has been granted bail by a New Zealand ...
U.S. stocks drift as investors remain indecisive
Connecticut State News.NetU.S. stocks slipped on Wednesday as the euphoria over the Greek debt deal, as muted as it was, wore off. The main action was on foreign currency markets where the Japanese yen continued to slide, ...
Thai floods may have contributed to Dell weak revenue
Connecticut State News.NetSAN FRANCISCO - Dell, the world's No.3 computer maker, has predicted weak sales for the current quarter triggering slump in its stocks that went down by over seven percent in pre-market trading ...
Higher costs hit Wal-Mart profits in Q4
Connecticut State News.NetNEW YORK - Wal-Mart Stores, the world's largest retailer, Tuesday reported a 15 per cent drop in fourth-quarter profit despite a turnaround in the US sales and continued strong performance at ...
Higher costs hit Wal-Mart profits in Q4
Connecticut State News.NetNEW YORK - Wal-Mart Stores, the world's largest retailer, Tuesday reported a 15 per cent drop in fourth-quarter profit despite a turnaround in the US sales and continued strong performance at ...
12mn pounds scheme launched to prepare UK teenagers for jobs
Connecticut State News.NetLONDON - Businesses and charities in the country have been invited by Deputy Prime Minister Nick Clegg to participate in a new 126 million pounds scheme aimed at getting teenagers of 16 and above ...
EU comes to Greece's rescue to stave off default
Connecticut State News.NetBRUSSELS - After months swinging from yes to no amid hectic negotiations, eurozone finance ministers have finally agreed to save Greece from bankruptcy and approved a new bailout of $172 billion for ...
Japan accord with US on sanctions against Iran likely soon
Connecticut State News.NetTOKYO - Japan Tuesday said it had come closer to the US on sanctions against Iran but denied any final agreement regarding the embargo even as a newspaper reported that Tokyo had proposed 11 per ...
7.75bn pounds surplus in UK's public finances raise expectation from budget
Connecticut State News.NetLONDON - A combination of a rise in tax receipts and a drop in local government borrowings has helped the UK's public finances record a surplus of 7.75 billion pounds in January, the biggest monthly ...
Microsoft lodges EU complaint against Motorola
Richmond Times-DispatchBRUSSELS (AP) -- Microsoft on Wednesday lodged a formal complaint with the European Union's competition regulator against Motorola Mobility and its soon-to-be owner Google, saying ...
Microsoft extends support for Vista and Windows 7
ZDNetRead more Microsoft recently tacked on five additional years in the form of Extended support for all editions of both operating systems for individual ...
How the government enables Wall Street parasites to cash in on the crisis
wsws.orgreported that Greg Lippmann, a former Deutsche Bank trader who made millions of dollars personally and $1.5 billion for Deutsche Bank by betting against mortgage-backed securities, at the same time ...
MGM Resorts International 4th-quarter loss narrows as revenue increases 55 percent
Star TribuneLAS VEGAS - MGM Resorts International narrowed its loss in the fourth quarter, as revenue climbed and occupancy improved at its Las Vegas Strip properties. The casino operator, whose properties ...
Eden Prairie man pleads guilty in Cloud 9 condo scheme
Star TribuneAn Eden Prairie man pleaded guilty Tuesday in federal court for his role in the Cloud 9 Sky Flats condominium real estate fraud case. In a plea agreement, John Halvor Ketcham, 50, agreed to plead ...
G&K CEO to take medical leave
Star TribuneDouglas A. Milroy, CEO of Minneapolis-based G&K Services, is taking a temporary medical leave from his day-to-day responsibilities to treat an aortic aneurysm, the company announced Wednesday. ...
AP source: Obama seeks to cut corporate tax rate to 28 percent, eliminate dozens of loopholes
Star TribuneWASHINGTON - President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration ...
Investors, cheap homes fuel 4.3 percent sales rise in January, increases in 3 of past 4 months
Star TribuneWASHINGTON - Sales of previously occupied homes rose in January to the highest pace in nearly two years, flashing modest signs of health ahead of the spring-buying season. The National Association ...
House of the future planned in Balboa Park
San Diego Union-TribuneNanotechnology, self-contained energy and sewage systems, a green wall and roof and more might be coming in a house of the future, planned for Balboa Park in ...
T-Mobile asks FCC to block Verizon-cable deal
San Diego Union-TribuneNEW YORK -; T-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is urging the federal government to block another deal in the wireless world: Verizon's planned ...
Microsoft lodges EU complaint against Motorola
San Diego Union-TribuneBRUSSELS -; Microsoft on Wednesday lodged a formal complaint with the European Union's competition regulator against Google's Motorola Mobility, saying the company's aggressive ...
Microsoft files EC complaint against Motorola
RTEMicrosoft has filed a complaint against Motorola Mobility with the European Commission, accusing it of seeking to block sales of Windows personal computers, Xbox game consoles and other products. ...
Monsanto’s Bt GMO Corn to be Sold at Wal-Mart: Infowars Nightly News
Prison PlanetWednesday, February 22, 2012 Most of the genetically-modified (GM) corn products forced on American consumers today are hidden in processed foods in the form of high-fructose corn syrup (HFCS), ...
RBS to spend nearly $629 million on investment-banker bonuses for 2011
New York PostLONDON -- UK taxpayer-owned Royal Bank of Scotland (RBS) plans to spend nearly £400 million ($629 million) on investment-banker bonuses for 2011, a move that will further stoke tempers in ...
Apple defends use of iPad name in Chinese court
New York PostSHANGHAI - Apple defended its right to use the iPad trademark in China in a heated court hearing Wednesday that pitted the electronics giant against a struggling company that denies it sold the ...
Microsoft files EU complaint against Motorola Mobility
New York PostBRUSSELS -- Microsoft said Wednesday that it filed a competition complaint with the European Commission against Motorola Mobility in regard to Motorola's handling of standards-essential ...
T-Mobile asks FCC to block Verizon-cable deal
New York PostT-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is urging the federal government to block another deal in the wireless world: Verizon’s planned purchase ...
MGM Resorts' fourth-quarter loss narrows but fails to meet analysts' estimates
New York PostLAS VEGAS - MGM Resorts International says its fourth-quarter loss narrowed, thanks in part to a tax benefit, while revenue climbed and occupancy improved at its Las Vegas Strip properties. The ...
US stocks fall as Europe frets over Greece
Miami HeraldIn a Tuesday, Feb. 21, 2012 photo, traders work on the floor at the New York Stock Exchange in New York. U.S. stock futures are falling, Wednesday, Feb. 22, 2012, echoing declines in Europe where ...
Microsoft hits Motorola, Google with EU complaint
Miami HeraldBRUSSELS -- Microsoft on Wednesday lodged a formal complaint with the European Union's competition regulator against Motorola Mobility and its soon-to-be owner Google, saying Motorola's ...
Currencies: Dollar rises, hits 7-month high vs. yen
MarketWatchNEW YORK (MarketWatch) -- The U.S. dollar gained on Wednesday, most notably against the Japanese yen and British pound, leaving analysts pointing to a confluence of factors weighing on Japan's ...
Market Snapshot: U.S. stock indexes slip after housing data
MarketWatchNEW YORK (MarketWatch) -- U.S. stocks on Wednesday edged lower after a report on the nation's housing market signaled increased demand but still came in under ...
Metals Stocks: Gold backs away from recent highs
MarketWatchSAN FRANCISCO (MarketWatch) -- Gold futures on Wednesday backed away from a rally that took prices to two-week highs, as some of the optimism post-Greek deal faded after downbeat China economic ...
Asian stocks advance on China, U.S. and weaker yen
MENAFNwill end the eurozone’s debt crisis, investors in Asia were optimistic today as data later today may show a recovery in the U.S. housing market, with the existing home sales climbing 1.1% to ...
Tech Stocks: Dell, H-P lead tech stocks lower; Garmin gains
MarketWatchSAN FRANCISCO (MarketWatch) -- Declines in shares of Dell Inc. and Hewlett-Packard Co. weighed down the tech sector Wednesday as investors digested a new round of worries about the health of the PC ...
Bond Report: Treasurys rise for first day in five
MarketWatchNEW YORK (MarketWatch) -- Treasury prices rose Wednesday, pushing long-term yields down for the first day in five, ahead of the government's auction of 5-year notes and as concerns about Europe ...
Market Extra: British pound drops; losses limited, analysts say
MarketWatchNEW YORK (MarketWatch) -- The British pound tumbled Wednesday, falling against the U.S. dollar to its lowest level in about a month and dropping against the euro, after minutes from the Bank of ...
Movers & Shakers: Wednesday’s biggest gaining & declining stocks
MarketWatchGM and Peugeot-Citroen to come together General Motors is in talks with Peugeot-Citroen over a possible alliance that could help both companies in the highly competitive markets for small cars in ...
Indications: U.S. stock futures lower on European data
MarketWatchNEW YORK (MarketWatch) -- U.S. stock futures fell Wednesday after a measure of euro-area manufacturing and services declined in February and as investors looked to coming data on the U.S. housing ...
Europe Markets: Europe stocks fall after PMI data, Greek downgrade
MarketWatchLONDON (MarketWatch) -- European stock markets dropped on Wednesday, as a gauge of business activity in the euro zone unexpectedly showed contraction in February and Fitch downgraded Greece's ...
Monsanto’s Bt GMO Corn to be Sold at Wal-Mart: Infowars Nightly News
Infowars.comMost of the genetically-modified (GM) corn products forced on American consumers today are hidden in processed foods in the form of high-fructose corn syrup (HFCS), corn oil, corn starch, and ...
Microsoft lodges Motorola complaint
Independent.ieMicrosoft has lodged a formal complaint with the European Union's competition regulator against Google's Motorola Mobility.In a blog post, Microsoft's general counsel, Dave Heiner, ...
RBS and Lloyds set to reveal losses
The IndependentThe previous government injected 65.5 billion - more than 1,000 per citizen - to prop up the two lenders in the hope they would repay the loans with interest. But nearly four years on, the ...
Dell Shares Fall 5 Percent After Earnings Miss
IBTimesDell shares fell as low as $16.86, down 10 percent, at the open, recovering to $17.26, down 5.27 percent, after 15 minutes. The fall wiped out $2.1 billion of value at the outset. At Tuesday's ...
Peacocks sold to Edinburgh Woollen Mill
GuardianCollapsed fashion chain Peacocks has been sold to Edinburgh Woollen Mill in an emergency rescue deal that has saved two-thirds of its stores but will still result in more than 3,000 job ...
US existing home sales climb but fail to meet analysts' forecasts
GuardianWeaker than expected US housing figures have added to the market's cautious mood.Existing home sales surged 4.3% in January to a one and a half year high of 4.57m. But this was lower than the ...
Corporate tax rate: Obama administration to propose cut to 28%
GuardianObama administration is planning to propose cutting the top tax rate for corporations to 28%, and pay for it by eliminating dozens of tax loopholes companies now use to lower their rates, a senior ...