Business and Finance News
- U.S. stocks end week mixed
Middle East News.Net
Traders knocked off early Thursday ahead of the weekend.
- General Motors makes biggest drop on market
Middle East News.Net
In the US, General Motors has plunged 74 percent in the past nine months, giving the Dow Jones Industrial Index its biggest stock decline.
- U.S. slips into a bear market
Middle East News.Net
The Dow Jones Industrial Average has slipped into a bear market for the 12th time since 1962.
- G8 summit will tackle food crisis
Middle East News.Net
Next week’s G8 summit is likely to concentrate on world food prices.
- Bangladesh anti-corruption drive scares investors
Middle East News.Net
The interim government of Bangladesh, in running an anti-corruption drive, has inadvertently caused a slide in Bangladesh's domestic and foreign investment.
- Hollywood stars go bust
Middle East News.Net
Famous Hollywood star, Elizabeth Taylor and her business partner, Kathy Ireland, have closed the doors on the House of Taylor Jewelry.
- American Airlines prepares to pay unwanted workers
Middle East News.Net
American Airlines, in reducing flights to cover record high fuel costs, says it will probably have to cut 900 flight attendant jobs.
- Survey reveals UK money needs
Middle East News.Net
A single person living the UK now requires a pre-tax income of £13,400 to achieve an acceptable standard of living.
- German bankers happy with result
Middle East News.Net
German bank, IKB, which nearly went bankrupt after the US subprime housing crisis, has posted an annual loss of just 24 million euros.
- US considers sanctions over high Chinese currency
Middle East News.Net
US legislators are still hoping to impose sanctions on China over what they say is its undervalued yuan currency.
- US stocks mixed amid another record day for oil
Middle East News.Net
US stock indices saw mixed results Thursday as oil prices continued climbing to record highs and the US economy shed more jobs.
- Disney to expand TV interests into Europe
Middle East News.Net
Disney, the iconic US movie and theme-park group is about to launch new European television channels.
- Judge urges Eli Lilly to settle Zyprexa lawsuit
Seattle Post-Intelligencer
A federal judge in New York is urging Eli Lilly and Co. to settle a multibillion-dollar lawsuit filed by insurance companies, unions and...
- 14 Science Questions the Next President Should Answer
Wired News
14 questions they sent to the candidates and hope to discuss with them at a science-only debate. The questions cover innovation, climate change, energy, genetics, space, and health, among other...
- Wall Street firms reduce, banks step up Fed loans
New Jersey Online
... amp;amp;#151; Wall Street companies sharply scaled back their borrowing from the Federal Reserve's emergency lending program over the past week while commercial banks boosted it slightly. ...
- Fitch upgrades outlook on Cablevision
Newsday
A top Wall Street rating agency has upgraded its outlook on Cablevision Systems Corp. from negative to stable -- a decision that follows junk-bond grades by two other major agencies on the cable...
- Wall Street firms reduce, banks step up U.S. Federal Reserve loans
Canadian Business
... - 6:10 p.m. Wall Street companies sharply scaled back their borrowing from the U.S. Federal Reserve's emergency lending program over...
- Secrets of Stradivarius Explained
Wired News
Antonio Stradivarius traveled to the North of Italy in order to purchase a whole forest of certain trees, to stock and cure them in his warehouses. He used these woods throughout his lifetime. No...
- U.S. Arms Dealer Tests Legal Bounds in Middle East Arms Bazaar
Wired News
Defense Solutions has proposed teaming with the Russian arms-export agency, Rosoboronexport, for several arms deals, including supplying Mi-17 helicopters to Afghanistan. Rosoboronexport is...
- For stocks, escaping bear hinges on oil, GE
Reuters
It will be tough for Wall Street to shake off the bear market blues next week if the price of oil keeps rising and the earnings season kick-off from Alcoa and General Electric...
- What You Need to Know
U.S. News & World Report
Permanent Link A few thoughts and observations arising from today's employment report, which shows the economy lost 62,000 jobs in June (with total negative revisions of 52,000 for May and April)...
- US loses 62,000 jobs during June
BBC
US firms cut workers for a sixth month in June, official figures show, stoking fears that the world's largest economy was heading towards a recession. The economy lost 62,000 non-farm payrolls in...
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