| US stocks lower after a good week | |
U.S. stocks closed mostly lower on Friday, with a slide in consumer confidence and surging crude oil prices fueling worries about the...
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| US population concerned about economic future |
US citizens believe the country is in...
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| Economic Forum praises strength of euro currency |
The annual Brussels Economic Forum conference has been looking at ways to meet the economic challenges facing the...
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| Ben Bernanke wants banks to raise more capital |
US Federal Reserve Board Chairman Ben Bernanke has said banks and securities firms will need to keep raising capital to improve their balance sheet following credit...
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| Malawi tobacco rotting on auction floor |
Wildly fluctuating prices have closed Malawi's tobacco commodity auction...
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| Australia to slow its growth |
Australia's Reserve Bank has said the country's economy will only grow at a slower pace in the next couple of...
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| United Airlines and Continental now in talks |
United Airlines and Continental Airlines in the US have been in talks for a possible...
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| Mini loans to be handed out in Africa |
Impoverished borrowers in Africa and Asia will soon be able to receive so-called “tiny loans” from the World Bank and British-based bank Standard...
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| Singapore restaurants showing empty seats |
There was a lower turnover in Singapore restaurants after the Lunar New Year celebration, dropping the country’s catering figures to US$289.2 million....
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| New management at helm of Hugo Boss |
German fashion label, Hugo Boss has a new...
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| Asset securitization at root of banking malaise |
Germany's President Horst Koehler has described the world’s banking system as “a monster that must be tamed”....
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| Microsoft to finally give software for low-cost laptops |
After a long dispute, Microsoft has agreed to offer Windows for the computers of 'One Laptop Per Child' (OLPC) educational project for children in developing...
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| Icahn fights Yahoo board to spur Microsoft deal |
Billionaire investor Carl Icahn officially launched a proxy fight to oust the Yahoo board in a bid to revive Microsoft's spurned deal for the Internet...
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| GM workers ratify local contract to end that strike |
By TIM MARTINASSOCIATED PRESS WRITER LANSING, Mich. -- A striking United Auto Workers local at a key General Motors Corp. factory ratified a new contract with the company Friday afternoon and will...
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| Most stocks drop on Wall Street |
New York - Most stocks fell Friday on Wall Street, led by retailers and financial services companies, after consumer confidence slumped to the lowest in 28 years and Merrill Lynch & Co advised...
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| Delphi asks court to force investors to pay $2.6 bln |
DETROIT (Reuters) - Auto parts supplier Delphi Corp DPHIQ.PK filed a legal complaint on Friday against an investor group led by Appaloosa Management LP in an attempt to win a court order requiring...
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| Airport slot auctions proposed for Newark, JFK |
The Transportation Department plan for Newark airport in New Jersey and New York's John F. Kennedy airport -- and a similar one announced recently for the region's other big airport, LaGuardia -- is...
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| Calif. wine patriarch Robert Mondavi dead at 94 |
Robert Mondavi, who built the first new winery in the Napa Valley since prohibition, raises a toast during an interview on March 14,1984. Mondavi is among the major premium vintners who put...
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| GM Looks Past Microsoft |
Of DOW JONES NEWSWIRES SAN FRANCISCO -(Dow Jones)- General Motors Corp. (GM) says it's considering whether to upgrade its computer system to Microsoft Corp.'s (MSFT) Vista operating system or to...
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| Aqua Teen Hits the Big Screen, Frylock Tells All |
gets crazy-big PR. Mission accomplished -- and in plenty of time for the April 13 cross-country rollout of the film. Of course, the Cartoon Network's marketing campaign wound up being pretty pricey:...
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| As food and gas costs rise, so do financial worries |
Debbie Agostino doesn't figure there's much she can do to fight the rising cost of food. "Most of our expenses are for things we need," said Agostino, a Centereach mother of four and a part-time...
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| DVL, Inc. Reports Results of Operations for the Quarter Ended... |
All PR Newswire news NEW YORK, May 16 /PRNewswire-FirstCall/ -- DVL, Inc. (OTC Bulletin Board: DVLN) announced its operating results for the three month period ended March 31, 2008. DVL's income...
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| Retail Earnings, Home Sales Due |
By Kathy Shwiff Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- After technology deals helped send the major indexes higher this week, investors will turn their attention next week to reports on...
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| Yahoo seeks to conceal parts of shareholder lawsuit over Microsoft offer |
SAN FRANCISCO - Yahoo Inc. is seeking to conceal large portions of a shareholder lawsuit alleging the Internet company's board improperly thwarted Microsoft Corp.'s US$47.5-billion takeover offer,...
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| Treasury bond market at a glance |
May 16, 2008 - 5:55 p.m. NEW YORK (AP) - Key barometers in the Treasury market late Friday compared with late Thursday. The price changes in the 10-year note and 30-year bond are per $1,000...
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| Guardian serves its defence on supermarket chain Tesco |
UK news section. It was last updated at 00:05 on May 17 2008. The Guardian yesterday made a formal offer of amends to the supermarket chain Tesco over reports which had claimed that the company had...
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| County employment data show some promise |
After a sluggish winter, employment in San Diego County rebounded last month, fueled by strong hiring in hotels, restaurants and government work, according to data released by the California...
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| YTB International Announces Financial Results for the First... |
All PR Newswire news WOOD RIVER, Ill., May 16 /PRNewswire-FirstCall/ -- YTB International, Inc. (OTC Bulletin Board: YTBLA) ("YTB" or the "Company"), a provider of Internet-based travel booking...
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| Debunking Microsoft Search Rumors |
Powerset . Powerset is a semantic or contextual search provider, offering a departure from the generalized keyword search strategies espoused by so many search vendors these days. The consensus is...
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| Santander BanCorp Reports Earnings for the... |
All PR Newswire news SAN JUAN, Puerto Rico, May 16 /PRNewswire-FirstCall/ -- Santander BanCorp (NYSE: SBP; LATIBEX: XSBP) ("the Corporation") reported a net income of $17.7 million for the...
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| Allegiance Bank of North America Reports Operating Results for the... |
ABPA (the "Bank"), reported operating results for the quarter ended March 31, 2008. Gregg Wagner, President and Chief Executive Officer, noted the achievements of the organization: -- We...
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| National Holdings Corporation Reports Results for Second Quarter... |
NHLD , reported financial results for the Company's second quarter ended March 31, 2008. "Like many firms on Wall Street, we experienced a difficult quarter. Recent market volatility strained...
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| Microsoft unveils its visual guide to the universe |
Redmond: This is a different sort of Maps to the Stars. Microsoft has taken the wraps off an astonishingly vast visual guide to the universe that is powered by some of the world's best telescopes....
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| Microsoft Joins One Laptop Per Child Effort |
Posted on: Friday, 16 May 2008, 12:10 CDT Just four months after a messy breakup with tech giant Intel (INTC), the One Laptop per Child organization on May 15 announced an alliance with another tech...
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| Clear Channel buyout financing settled; Hewlett-Packard plans to buy Electronic Data Systems |
May 16, 2008 - 5:03 p.m. NEW YORK (AP) - Clear Channel Communications Inc. kicked off the week's biggest stories, following news that the radio and media company's stalled buyout was back...
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| Wall St ends flat as energy gains offset sentiment |
By Caroline ValetkevitchNEW YORK (Reuters) - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in...
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| Fannie Mae scraps higher downpayment requirements |
By ALAN ZIBELAP BUSINESS WRITER WASHINGTON -- Fannie Mae is doing away with higher minimum down-payment requirements for borrowers in parts of the country where home prices are dropping. The...
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| Former Microsoft lawyer Neukom to head SF Giants |
William Neukom, the Microsoft lawyer best-known for his role in the landmark antitrust case against the software giant, is now set to take on a bunch of Pirates (and Dodgers and Cubs). Neukom,...
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| Revealing Starbucks logo gets mixed reviews |
By Mike Sunnucks Starbucks Corp. has a new more revealing logo of its trademark mermaid. The logo — which offers a more revealing look at the coffee chain's mermaid symbol and goes with brown...
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| Wall Street may get best indicators yet about recession or economic recovery as summer begins |
Joe Bel Bruno May 16, 2008 - 5:04 p.m. NEW YORK (AP) - After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point...
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| Long Island job growth declines to 2-year low |
Long Island job market declined to a two-year low in April, raising local economists' concerns about whether the region has fallen into a recession. The private sector grew 0.2 percent, or 2,100...
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| General Electric May Turn Switch Off on Appliances |
May 16, 2008 · General Electric says it may sell off its iconic, century-old appliance division, which has placed its iconic script logo on refrigerators, ovens and air conditioners. The...
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| Is Marc Andreessen Through with the Press |
reported from Start Up School 08 , an event at Stamford where Marc Andreessen was among the speakers who shared his unique insights with a room full of wannabe web gazillionaires. It all went...
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| Microsoft Open Source, Standards Chiefs Tout |
Interviews with Sam Ramji and Tom Robertson reveal Microsoft is strong on building open source business models and community as well as interoperability and industry...
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| Citigroup Mulls Sale of German Retail Bank |
(Adds analyst comment.) FRANKFURT -(Dow Jones)- Citigroup Inc. (C) is evaluating the sale of its German retail bank Citibank Privatkunden AG & Co. KgaA, a spokesman with the German Citibank...
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| 200 agents working on mortgage fraud probe |
WASHINGTON – The FBI has more than 200 agents and 33 task forces addressing mortgage fraud, has more than 1,300 cases under investigation and has targeted 19 large companies, FBI Director...
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| Lehman Brothers set to cut 5 percent of staff |
NEW YORK – Lehman Brothers Holdings Inc. will begin to cut about 5 percent of its staff on Monday as part of an overall plan to streamline its balance sheet amid further turbulence in the...
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| Financials Drag S&P Earnings to 26% Drop |
DOW JONES NEWSWIRES Standard & Poor's said Friday that early data shows first-quarter earnings for companies on the S&P 500 index fell 25.9% from a year ago. S&P said this marks the...
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| U.S. oil shipments canceled. |
WASHINGTON – Responding to congressional pressure, the Bush administration on Friday said it is suspending oil deliveries into the government's Strategic Petroleum Reserve for the remainder of...
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| Time Warner Chairman likely to step down |
NEW YORK (Reuters) - Time Warner Inc Chairman Richard Parsons said he is likely to step down in the next year, clearing the path for Chief Executive Jeffrey Bewkes to assume the...
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