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Breaking Business News
Top Stories: Sovereign debt remains an issue with Dubai still in the spotlight, while a debt downgrade for Greece by Fitch Ratings also raised eyebrows. Big News Network.com Wed, 09 Dec 2009 13:52:55 -0500Thailand's main airline, Thai Airways, has launched a civil suit against the political protest leaders who forced the closure of Bangkok's airports late last year. Big News Network.com Wed, 09 Dec 2009 20:27:02 -0500Spain's credit outlook has been cut to negative from stable by the ratings agency Standard & Poor's. Big News Network.com Wed, 09 Dec 2009 20:20:04 -0500The UK Chancellor, Alistair Darling, has guaranteed that people who are unemployed for six months will get work or training. Big News Network.com Wed, 09 Dec 2009 20:33:24 -0500US President Barack Obama has outlined proposals to boost US employment by calling for breaks for small business. Big News Network.com Wed, 09 Dec 2009 03:20:59 -0500Gatorade has said it will discontinue its Tiger Focus drink campaign. Big News Network.com Wed, 09 Dec 2009 03:42:34 -0500A drawing by Raphael has been sold for a record price at Christie’s in London. Big News Network.com Wed, 09 Dec 2009 03:26:00 -0500The US Supreme Court has given disgraced Anglo-Canadian media mogul Conrad Black hope for another day in court. Big News Network.com Wed, 09 Dec 2009 03:12:48 -0500Ireland is going ahead with a public service austerity package for its 2010 annual budget. Big News Network.com Wed, 09 Dec 2009 03:04:03 -0500Paul Volcker, a former chairman of the US Federal Reserve, has criticised high-level bankers for failing to grasp the magnitude of the financial crisis. Big News Network.com Wed, 09 Dec 2009 02:58:21 -0500The CIT Group in the US has managed to reorganiseits bankrupcy protection plan. Big News Network.com Tue, 08 Dec 2009 20:14:39 -0500United Airlines has announced it will take 25 Airbus and 25 Boeing widebody aircraft. Big News Network.com Tue, 08 Dec 2009 19:46:42 -0500Visa and MasterCard have agreed to pay over one billion dollars to merchants across the United States as part of an antitrust settlement. Big News Network.com Tue, 08 Dec 2009 19:39:20 -0500Washington, Dec 9 (IANS) Dodgy answers to questions by an airport inspector about his overseas travels that he could not back with documentary proof put Pakistani American David Headley, alias Daood Gilani, who has been charged with helping to plan the Mumbai terror assault, on the primary scanner of US investigators, according to the Wall Street Journal. IANS Wed, 09 Dec 2009 04:50:04 -0500Chicago, Dec 9 (IANS) The Indian arm of GE Healthcare, the $17 billion healthcare business of General Electric Company, is promoting a unique public-private partnership (PPP) initiative to bring accessible and affordable rural healthcare across India. IANS Wed, 09 Dec 2009 01:40:03 -0500Washington, Dec 9 (IANS) Deceptive answers about his travels abroad to an airport inspector proved to be the undoing of Pakistani American terror suspect David Headley, charged with helping to plan the Mumbai terror attacks, according to the Wall Street Journal. IANS Wed, 09 Dec 2009 00:50:02 -0500REDMOND, Wash. ? Microsoft Corp. said Wednesday its board declared a quarterly dividend of 13 cents. The dividend is payable March 11, 2010, to shareholders of record on Feb. 18, 2010. Sign on San Diego Wed, 09 Dec 2009 20:58:27 -0500It used to be kids poured sugar on cereal themselves. Then came presweetened cereals. Now comes desweetened cereal. General Mills, the company behind such sugary delights as Cookie Crisp and Reese&rs... Star Tribune Wed, 09 Dec 2009 20:52:46 -0500Alistair Darling trained his guns on one far-from-Tory constituency. The workers who staff the schools and hospitals that Labour has put centre-stage may not... Guardian Wed, 09 Dec 2009 20:42:31 -0500Banner Health remained at No. 3 in the Phoenix Business Journals' top employer list, but posted a gain of more than 60 percent over the past two years. Business Journal Wed, 09 Dec 2009 20:37:33 -0500Banner Health remained at No. 3 in the Phoenix Business Journals' top employer list, but posted a gain of more than 60 percent over the past two years. The Business Journal Wed, 09 Dec 2009 20:37:00 -0500In this Dec. 7, 2009 picture provided by the Alaska Department of Environmental Conservation, crews use steamer equipment to melt contaminated material for collection with a vacuum rig. Oil company BP... Seattle Post-Intelligencer Wed, 09 Dec 2009 20:33:05 -0500TOKYO -- Japan's Nikkei 225 Average fell 0.4% to 9,968.88 and the Topix was at 882.16, down 0.3% in early trading Thursday after the Cabinet Office reported that core machinery orders fell by a more-... Fox Business Wed, 09 Dec 2009 20:17:05 -0500REG ) rose 2.48% in Wednesday’s session, after the company announced the close of its common stock offering of 9.2 million shares. The company offered 8 million shares to the public, with 1.2 mill... Fox Business Wed, 09 Dec 2009 20:16:59 -0500HITK ) rose more than 12% on Wednesday, after the company said sales rose 63% in the fiscal second quarter, as a result of the strong performance of its generic products. Profit leapt to $7.4 millio... Fox Business Wed, 09 Dec 2009 20:16:57 -0500NEW YORK (Reuters) - A former senior IBM Corp executive denied being involved in a sprawling hedge fund insider trading case and asked a court on Wednesday to dismiss civil charges by the U.S. Securit... Reuters Wed, 09 Dec 2009 20:16:05 -0500DETROIT (Reuters) - General Motors Co has replaced the head of its mass-market Chevrolet brand as the management shake-up continues at the top U.S. automaker. Reuters Wed, 09 Dec 2009 20:16:04 -0500NEW YORK (Reuters) - Banks around the world are reforming compensation practices in line with government recommendations but they would like to see regulators coordinate globally on pay and bonuses, a... Reuters Wed, 09 Dec 2009 20:16:03 -0500LONDON (Reuters) - Braced to cut costs when Britain is facing the biggest government deficit in its history, a London council is trying the budget airline approach. Reuters Wed, 09 Dec 2009 20:16:02 -0500As U.S. government stimulus dollars are dispersed to various organizations, some Republican lawmakers claim that these funds are being misused or wasted. Sharyl Attkisson investigates. CBS News Wed, 09 Dec 2009 20:13:17 -0500Two new proposals have been announced which would effectively eliminate any tentative public option plan amid Congressional health care reform. Nancy Cordes reports from Capitol Hill. CBS News Wed, 09 Dec 2009 20:13:16 -0500AUSTRALIA'S export earnings from resources dropped 2 per cent in the September quarter on the back of the rising Australian dollar, but export volumes for iron ore and coal reached record levels. The Australian Wed, 09 Dec 2009 20:06:26 -0500Consolidated Financial Results Net results improved by $37 million to a loss of $67 million for the third quarter of fiscal 2009, compared to a loss of $104 million for the third quarter of fisca... CNBC Wed, 09 Dec 2009 19:45:26 -0500In his pre-Budget report Alistair Darling announced a new super-tax on bankers' bonuses. He said it was needed to claw back money for the taxpayer. He has introduced a one-off levy on bonuses over &po... BBC Wed, 09 Dec 2009 19:44:59 -0500The Bank of England is expected to announce no change in policy when it reveals the outcome of its most recent meeting later.The Bank is likely to hold interest rates at 0.5% and leave its £200b... BBC Wed, 09 Dec 2009 19:44:58 -0500Investors set aside some of their concerns about rising debt levels around the world and looked for bargains after a two-day slide in stocks. Stocks turned higher late Wednesday after trading erratic... SINA Wed, 09 Dec 2009 19:44:07 -0500DETROIT - General Motors has replaced its Chevrolet brand manager after just five months as it continues to shake up top management ranks. GM said Wednesday that James Campbell will now lead the com... Star Tribune Wed, 09 Dec 2009 19:09:51 -0500WASHINGTON - Democratic congressional leaders and Obama administration officials quelled a moderate-Democrat revolt late Wednesday that had threatened to delay debate on a vast overhaul of regulation... Star Tribune Wed, 09 Dec 2009 19:09:50 -0500Ireland today introduced a "slash and burn" budget aimed at cutting €4bn (£3.6bn) in public spending, including pay cuts for public servants and lower unemployment benefits. The government has to p... Guardian Wed, 09 Dec 2009 18:59:13 -0500Alistair Darling was warned today after he pledged to "claw back" money from banks in return for £850bn of taxpayer support for the banking sector.One lawyer said the one-off 50% tax on bonuses of mo... Guardian Wed, 09 Dec 2009 18:59:12 -0500Shared misery: Public sector pensions are to be brought broadly in line with those in private industry, and workers across both sectors face an increase in national insurance contributions. Photograph... Guardian Wed, 09 Dec 2009 18:59:10 -0500New York - US stocks posted mild gains on Wednesday, ignoring a slump in other global indices blamed on renewed credit fears. Spain became the latest country to have its creditworthiness doubted, suff... Earth Times Wed, 09 Dec 2009 18:57:07 -0500. won’t give some of its U.S. salespeople a planned two-week holiday so they can close deals, Bloomberg reports. Citing an internal email, Bloomberg said sales staff in the enterprise storage, ... San Francisco Business Times Wed, 09 Dec 2009 18:53:37 -0500By SARA KUGLERASSOCIATED PRESS WRITER NEW YORK -- New York City passed a package of legislation Wednesday intended to reduce greenhouse gas emissions from buildings, which are the city's largest so... Seattle Post-Intelligencer Wed, 09 Dec 2009 18:49:32 -0500SAN FRANCISCO (MarketWatch) -- Yahoo Inc. said Wednesday that the online giant is in the process of "identifying" the 400 engineers that will be moved to Microsoft Corp. as part of the companies' plan... Market Watch Wed, 09 Dec 2009 18:37:45 -0500Missed Wednesday's Cavuto? Catch "The Deal" right here on FOXBusiness.com In deep? Go long. Here's the deal. More deals. Even when we don't have more money. In fact, we don't have "any" money. Bu... Fox Business Wed, 09 Dec 2009 18:34:38 -0500AKS ) rose more than 6% in Wednesday’s trading, after the company announced that it would boost steel prices in response to higher demand. In a release, Tuesday, the West Chester, Ohio-based stee... Fox Business Wed, 09 Dec 2009 18:34:37 -0500SAN FRANCISCO -- NYSE Euronext Inc. said late Wednesday that short interest positions on the New York Stock Exchange increased to 13.2 billion shares as of Nov. 30 from 13.17 billion shares as of Nov... Fox Business Wed, 09 Dec 2009 18:34:34 -0500LOS ANGELES -- Brazilian monetary policymakers late Wednesday held the country's benchmark interest rate at 8.75%. The decision was widely anticipated. It was the third straight meeting that ended wi... Fox Business Wed, 09 Dec 2009 18:34:31 -0500NEW YORK -- Asset management giant TCW Group is facing trouble on several fronts after firing its chief investment officer Jeffrey Gundlach last week.On Tuesday, the Treasury Department halted a fund... Fox Business Wed, 09 Dec 2009 18:34:29 -0500U.S. airlines employed 4.9% fewer people in October than a year ago, according to statistics from the U.S. Department of Transportation. The industry has seen a healthier environment of late with fu... Fox Business Wed, 09 Dec 2009 18:34:24 -0500JTX ) said it posted a narrower second-quarter loss, thanks to lower expenses. The company posted a loss of $19.5 million, or 68 cents a share, compared to last year’s loss of $22.2 million, or 78... Fox Business Wed, 09 Dec 2009 18:34:22 -0500OMC ) PHD whose contract with the automaker expires next month. This is the second coup in the auto word for Universal McCann. In May, the company was chosen to handle U.S. media duties for BMS AG. ... Fox Business Wed, 09 Dec 2009 18:34:19 -0500SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, has fired or will sack a number of its real estate portfolio managers amid steep losses for its property assets, according to a... Reuters Wed, 09 Dec 2009 18:33:26 -0500Cable giant Shaw Communications Inc. suggested Wednesday the national broadcasting regulator is not in a position to make the final call on a quarrelsome new proposal that would give new fees to Canad... Financial Post Wed, 09 Dec 2009 18:33:11 -0500OTTAWA - Lululemon Athletica Inc. on Wednesday reported profit of US$14.1-million, or 20 cents a share, in the third quarter, compared with US$8.8-million, or 13 cents a share, in the corresponding pe... Financial Post Wed, 09 Dec 2009 18:33:08 -0500TORONTO - The Ontario government introduced a package of pension reforms Wednesday, the first of two pieces of legislation to modernize the province's pension laws. Ontario Finance Minister Dwight Du... Financial Post Wed, 09 Dec 2009 18:33:05 -0500Toronto-based Dundee Real Estate Investment Trust, which just over two years ago sold off most of its portfolio in Ontario, appears to be moving back into the province with renewed vigour. The REIT s... Financial Post Wed, 09 Dec 2009 18:33:02 -0500Tiger Woods and his wife, Elin Nordegren, sit with U.S. team members at the winner's award ceremony at the Presidents Cup golf compeititon last October in San Francisco. Financial Post Wed, 09 Dec 2009 18:32:59 -0500TMX Group Inc. said it evacuated the Toronto Stock Exchange office in the city's financial district after receiving a bomb threat. "We received a specific threat at 12:30 p.m. on our switchboard,... Financial Post Wed, 09 Dec 2009 18:32:57 -0500All told, Microsoft released 74 patches in 2009 and while some months were worse than others (such as October), security experts say the software giant seems to be refining and improving the process o... CIO Wed, 09 Dec 2009 18:32:55 -0500Nexen Inc., the Canadian oil company that operates in Yemen and the U.K. North Sea, expects to raise $1-billion selling its majority stake in chemical affiliate Canexus LP as well as marketing and ... Financial Post Wed, 09 Dec 2009 18:32:55 -0500Today was Microsoft's final Patch Tuesday of 2009. Microsoft released a total of six new security bulletins, the most urgent one affecting a zero-day flaw in Internet Explorer for which exploit code a... CIO Wed, 09 Dec 2009 18:32:52 -0500Canadian stocks rallied late to close higher Wednesday, as investors shrugged off early jitters on news that Spain has joined a growing list of countries facing potential credit rating downgrades. Th... Financial Post Wed, 09 Dec 2009 18:32:52 -0500More than 60% of shoppers plan to head to stores like Wal-Mart, 43% to hit department stores, 31% will shop at electronics retailers like Future Shop... Financial Post Wed, 09 Dec 2009 18:32:49 -0500Mr. Geithner said the Treasury expects up to $175 billion in repayments from bailout recipients by the end of next year, with "substantial additional repayments thereafter."... Financial Post Wed, 09 Dec 2009 18:32:46 -0500Canada's Alamos Gold Inc has agreed to buy two gold projects in Turkey from Fronteer Development Group Inc and Teck Resources Ltd in a cash-and-stock deal worth about US$85 million. Financial Post Wed, 09 Dec 2009 18:32:42 -0500NEW YORK: US stocks ended higher on Wednesday as the US dollar fell and investors' appetite for risk returned, lifting shares of financial, technology and natural resource companies. Stocks rebound... Times of India Wed, 09 Dec 2009 18:31:02 -0500Many of you will be the go-to tech-guy-or-gal for your family and friends, and with the holiday season in full-effect, the number of gadgets you’ll have to troubleshoot is likely to multiply. And, l... Wired News Wed, 09 Dec 2009 18:26:14 -0500What can we expect from the consumer next year? From business spending? Trade? The Fed? Action Economics has some answers—and questions of its own... Business Week Wed, 09 Dec 2009 18:08:21 -0500BWY , a leading supplier of general line rigid containers, today announced full year fiscal 2009 net income of $23.5 million, or $1.00 per diluted share compared to net income of $11.9 million, or $0.... CNBC Wed, 09 Dec 2009 18:02:41 -0500Revenues for the year were $36.7 million, up 20% from $30.5 million in fiscal 2008. Net income for the year was $5.0 million, or $0.30 per diluted share, compared to a net loss of $7.9 million, or (... CNBC Wed, 09 Dec 2009 18:02:32 -0500SGU , a home energy distributor and services provider specializing in heating oil, filed its fiscal 2009 annual Form 10-K with the SEC today and announced financial results for the fiscal 2009 four... CNBC Wed, 09 Dec 2009 18:02:29 -0500Key barometers in the Treasury market late Wednesday, compared with late Tuesday. Price changes in the 10-year note and 30-year bond are per $1,000 invested:... Tampa Bay Online Wed, 09 Dec 2009 18:01:14 -0500(RTTNews) - Stocks rose by moderate margins on Wednesday, as traders did some bargain hunting on a day that was light on market-moving news. The major averages all closed in positive territory follow... Quote.com Wed, 09 Dec 2009 18:00:57 -0500It accelerates with a husky twist of its electric motor. You can even chirp the front tires if you push the go-button hard enough. It corners confidently and brakes crisply and, if it's no Ferrari, it... Star Tribune Wed, 09 Dec 2009 17:31:59 -0500DALLAS - Federal officials issued urgent new safety recommendations Wednesday for a Texas oil refinery where 21 tons of deadly acid were released this summer and said they are investigating the use o... Star Tribune Wed, 09 Dec 2009 17:31:57 -0500WASHINGTON - Have your checkbooks and credit cards ready. There's a price for health care security. President Barack Obama's overhaul — now looking like it really will happen — should gi... Star Tribune Wed, 09 Dec 2009 17:31:55 -0500EARNINGS REPORT Three Months Ended Twelve Months Ended October 31 October 31 2009 2008 2009 2008 ----------- ------------- ------------- ------------- Net Income $1,122,000 $950,000 $3,745,000 $4,... Market Wire Wed, 09 Dec 2009 17:27:17 -0500NEW YORK (MarketWatch) -- The dollar declined versus the Japanese yen and euro late Wednesday as investors reassessed a rally that had sent the greenback to its highest level in more than a month. ... MarketWatch Wed, 09 Dec 2009 17:25:46 -0500Alistair Darling risked alienating key swing voters today when he announced a surprise increase in national insurance for 10 million middle income earners and pay cuts for nearly 4 million public sect... Guardian Wed, 09 Dec 2009 17:22:16 -0500Pupils in a maths lesson – but do the chancellor, Alistair Darling's pre-budget report figures on education add up? Photograph: Graham Turner Every chancellor likes to use the dark arts of politic... Guardian Wed, 09 Dec 2009 17:22:09 -0500Tiger Woods, eh? All I knew about him before this scandal was that he did something phenomenal when he was 18 months old. I can't be more specific I'm afraid, except that it related to golf. Now I kno... Guardian Wed, 09 Dec 2009 17:22:03 -0500Three years and seven months after Microsoft promised to produce full documentation for its communications protocols, so that licensees can figure out what they mean and how to use them, the US Justic... Beta News Wed, 09 Dec 2009 17:16:21 -0500Activists supporting the tiny Pacific island of Tuvalu demonstrate in the main venue demanding a better deal for all island states at the UN Climate summit in Copenhagen, Denmark, Wednesday, Dec. 9, 2... Seattle Post-Intelligencer Wed, 09 Dec 2009 17:12:48 -0500Microsoft Takes Windows Azure to the Feds ( Page 1 of 2 ) Microsoft's software-plus-services strategy, which covers areas ranging from on-premises software to full-blown public and private cloud serv... eWeek Wed, 09 Dec 2009 17:12:28 -0500SAN FRANCISCO (MarketWatch) -- A Google Inc. executive said Wednesday that the company's Apps software has won over 20 million users across "a few million businesses," as it looks ahead to an impendin... Market Watch Wed, 09 Dec 2009 16:59:33 -0500SAN FRANCISCO -- Citigroup Inc. plans to raise $20 billion selling new equity to help the giant bank repay the $45 billion it got from the government's Troubled Asset Relief Program, CNBC reported We... Fox Business Wed, 09 Dec 2009 16:58:30 -0500NEW YORK -- U.S. stocks ended higher after a two-day retreat as upgrades of 3M Co. and Sprint Nextel Corp. served in bolstering sentiment and a weakened dollar boosted the price of commodities. The D... Fox Business Wed, 09 Dec 2009 16:58:28 -0500LUV ) has seen little escalation in business travel this fall, chief executive Gary Kelly said Wednesday, and the airline expects more of the same in 2010. Despite the lag, Kelly said the airline e... Fox Business Wed, 09 Dec 2009 16:58:24 -0500DIS ) chief executive Robert Iger told an investor conference Wednesday that while advertising is improving, "visibility isn't all that great." Iger said fourth-quarter advertising at the ABC Broadc... Fox Business Wed, 09 Dec 2009 16:58:22 -0500SAN FRANCISCO -- Bank of America on Wednesday said it repaid the entire $45 billion it owed the U.S. tax payers as part of the Troubled Asset Relief Program. The financial firm sold 1.286 billion com... Fox Business Wed, 09 Dec 2009 16:58:21 -0500The Charlotte, North Carolina-based lender repaid the full $45 billion in Troubled Asset Relief Program, or TARP, funds with corporate cash after completing a $19.29 billion securities offering that c... Reuters Wed, 09 Dec 2009 16:57:08 -0500OTTAWA - Lululemon Athletica on Wednesday reported profit of $14.1-million, or 20 cents a share, in the third quarter, compared with $8.8-million, or 13 cents a share in the corresponding period a yea... Financial Post Wed, 09 Dec 2009 16:57:02 -0500Tiger Woods and his wife, Elin Nordegren, sit with U.S. team members at the winner's award ceremony at the Presidents Cup golf compeititon last October in San Francisco. Financial Post Wed, 09 Dec 2009 16:56:59 -0500The Toronto Stock Exchange on Wednesday was within a hair of cementing its longest losing streak since the height of the financial crisis, but got into positive territory in the final minutes of tradi... Financial Post Wed, 09 Dec 2009 16:56:58 -0500 |
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