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Breaking Business News
Top Stories: The pay of AIG Chief Executive Robert Benmosche has been increased to $7 million. Big News Network.com Wed, 25 Nov 2009 05:40:43 -0500The International Monetary Fund has increased aid to countries hit hard by the latest financial crisis to US$600 billion. Big News Network.com Wed, 25 Nov 2009 06:47:21 -0500The advertising partnership between Yahoo and Microsoft has been approved by both the Australian and Canadian competition authorities. Big News Network.com Wed, 25 Nov 2009 05:49:48 -0500The sale of the Swedish marque Saab by General Motors in the US has been called off. Big News Network.com Wed, 25 Nov 2009 05:21:04 -0500Cathay Pacific has revealed a spate of mysterious toilet blockages on its Airbus flights out of Hong Kong. Big News Network.com Wed, 25 Nov 2009 06:06:30 -0500Chinese share prices fell this week after fears arose that Chinaese banks would need to raise capital. Big News Network.com Wed, 25 Nov 2009 05:11:45 -0500The American Italian Pasta, the largest maker of dry pasta in the US, has declared high fourth-quarter earnings. Big News Network.com Wed, 25 Nov 2009 05:06:05 -0500The World Bank has warned that raising interest rates too quickly might result in another downturn in the barely recovering economies of the United States and Europe. Big News Network.com Wed, 25 Nov 2009 04:52:15 -0500The Washington Post has decided to close its remaining US bureaus in New York, Los Angeles and Chicago at the end of the year. Big News Network.com Wed, 25 Nov 2009 04:44:34 -0500The chairman of Starbucks in China has said the country will become the next major market for coffee drinkers. Big News Network.com Wed, 25 Nov 2009 04:39:05 -0500New York, Nov 25 (DPA) US stocks fell slightly on Tuesday as government figures showed that last quarter's economic rebound was smaller than initially thought. IANS Wed, 25 Nov 2009 01:50:01 -0500In this Nov. 23, 2009 photo, Specialist Christopher Culhane works on the floor of the New York Stock Exchange. Stocks are narrowly mixed Wednesday, Nov. 25, as reports showing a smaller rise in new cl... Sign on San Diego Wed, 25 Nov 2009 10:51:09 -0500END: Module - M24 Article Headline with no image --> BEGIN: Module - Main Article --> Tesco is hoping to sell the iPhone before Christmas and hopes to kick off a price war around the... Times Online Wed, 25 Nov 2009 10:48:43 -0500NEW YORK - Crude inventories and gasoline supplies rose last week, the government said Wednesday. Crude inventories rose by 1 million barrels, or 0.3 percent, to 337.8 million barrels, which is 6.1 ... Star Tribune Wed, 25 Nov 2009 10:43:27 -0500Heading into the holiday season, you'll want to examine a store's return policy before buying any gifts. Policies can be crammed with exceptions, especially for stores that sell a mix of merchandise. ... Star Tribune Wed, 25 Nov 2009 10:43:26 -0500JOHOR earned RM1,149 million from foreign tourists in the first six months of this year. State tourism and domestic trade committee chairman Hoo Seong Chang said Johor's tourism revenue for the whole... New Straits Times Wed, 25 Nov 2009 10:42:23 -0500Hyderabad, Nov 25 : Microsoft Wednesday showcased a set of tools that will enable users enter text in six Indian languages into computers easily. New Kerala Wed, 25 Nov 2009 10:39:25 -0500LONDON, UNITED KINGDOM--(Marketwire - Nov. 25, 2009) - Tesco Mobile through its joint venture partnership with O2 is pleased to announce that it will shortly introduce iPhone 3G and iPhone 3GS in T... Market Wire Wed, 25 Nov 2009 10:37:54 -0500SAN FRANCISCO (MarketWatch) -- Technology stocks saw mild gains Wednesday morning, though sector leader Microsoft Corp. opened trading in the red following news that its chief financial officer is lea... MarketWatch Wed, 25 Nov 2009 10:36:42 -0500NEW YORK (MarketWatch) -- Energy stocks fell Wednesday ahead of an expected increased in petroleum supplies and after a profit warning from Halliburton on a slowdown in Mexico. The NYSE Arca Oil ... MarketWatch Wed, 25 Nov 2009 10:36:39 -0500NEW YORK (MarketWatch) -- Airline stocks were mixed Wednesday morning with light trading ahead of the Thanksgiving holiday. At last check, the NYSE Arca Airline Index... MarketWatch Wed, 25 Nov 2009 10:36:36 -0500+3.87% ) said Wednesday that its fiscal third-quarter net profit dipped 1% to $43.3 million, or 34 cents a share, from $43.8 million, or 36 cents a share, a year earlier. Sales for the quarter ended... MarketWatch Wed, 25 Nov 2009 10:36:32 -0500NEW YORK (MarketWatch) -- Treasurys fell Wednesday, sending their yields higher, with short-term notes becoming less appealing to bond investors as weekly jobless claims fell under 500,000 for the fir... MarketWatch Wed, 25 Nov 2009 10:36:29 -0500U.S. stock market futures added to gains Wednesday after a raft of data on consumer spending, jobless claims and durable-goods orders, with more figures on consumer sentiment and new home sales to com... MarketWatch Wed, 25 Nov 2009 10:36:27 -0500Ukraine as it prepares for watershed presidential elections in January that look likely to spark a lurch back towards the Russian sphere five years after the former Soviet republic was supposedly set ... Guardian Wed, 25 Nov 2009 10:33:04 -0500Oasis of the Seas, the world's largest cruise ship, off the Florida coast. Photograph: Joe Skipper/Reuters At dock in its vast custom-made port in Fort Lauderdale,... Guardian Wed, 25 Nov 2009 10:33:02 -0500Low on the list of things a chief executive desires is probably unsolicited advice on how to run their company. But that has not deterred analyst Robin Bienenstock of Bernstein Research from penning a... Guardian Wed, 25 Nov 2009 10:32:58 -0500THE ASSOCIATED PRESS LONDON -- The London Stock Exchange PLC posted a 40 percent drop in first-half earnings on Wednesday on the back of lower trading and warned that market conditions remain uncer... Seattle Post-Intelligencer Wed, 25 Nov 2009 10:23:23 -0500The carrier, formerly British Midland Airways, said the plans involved a reduction in planes and routes and the possible loss of at least 600 jobs. The job reductions would come from all areas of its... Sky News Wed, 25 Nov 2009 10:16:07 -0500NEW YORK (MarketWatch) -- U.S. stocks were mildly up after better-than-anticipated data on the jobs market. The Dow Jones Industrial Average... Market Watch Wed, 25 Nov 2009 10:10:20 -0500NEW YORK -- Windstream Corp. said Wednesday that it will voluntarily move its stock-exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange, effective Dec. 10. The compan... Fox Business Wed, 25 Nov 2009 10:08:20 -0500TM ) announced plans Wednesday to reconfigure accelerator pedals in 3.8 million vehicles that were recalled in September due to the threat of the pedals being trapped by the floor mat. The Japanese... Fox Business Wed, 25 Nov 2009 10:08:18 -0500NEW YORK -- Sprint Nextel Corp. said Wednesday that it has received all regulatory approvals needed to complete its acquisition of iPCS Inc. . The wireless carrier expects the deal to be completed in... Fox Business Wed, 25 Nov 2009 10:08:16 -0500Chris Liddell, who's served as Microsoft's chief financial officer for four and a half years, intends to leave the company rather soon. Microsoft announced that Peter Klein will be transitioning in ov... Web Pro News Wed, 25 Nov 2009 10:08:15 -0500In a potential positive sign ahead of the all-important holiday shopping season, personal spending grew at a faster-than-expected pace in October. The Commerce Department said personal spending rose... Fox Business Wed, 25 Nov 2009 10:08:09 -0500WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods fell unexpectedly in October, according to government data on Wednesday that reinforced views of a gradual economic recovery ... Reuters Wed, 25 Nov 2009 10:07:05 -0500TIF.N ) reported a larger-than-expected quarterly profit and raised its forecast for full-year earnings on the strength of its overseas sales and a solid start to the holiday season, sending the upsca... Reuters Wed, 25 Nov 2009 10:07:04 -0500DE.N ), the world's largest maker of tractors and harvesters, reported a quarterly net loss on Wednesday on weak equipment sales and a series of one-time charges. Reuters Wed, 25 Nov 2009 10:07:00 -0500PSHG_p.DE ) is headed for a second consecutive annual loss in the billions of euros, as the hangover lingers from ex-Chief Executive Wendelin Wiedeking's failed takeover of Volkswagen AG (... Reuters Wed, 25 Nov 2009 10:06:58 -0500The proportion of pre-tax household income needed to maintain a home rose in the third quarter of this year for the first time since the spring of 2008, and across all housing types, RBC said ... Financial Post Wed, 25 Nov 2009 10:06:14 -0500The board of Cossette Inc. urged its shareholders Wednesday to reject an amended offer from Cosmos Capital Inc. made last week in favour of an identical deal from a U.S. firm, as a tug-of-war over the... Financial Post Wed, 25 Nov 2009 10:06:11 -0500Canada's main stock index rose Wednesday morning fuelled by gains in oil and gold prices. The S&P/TSX composite index was up 51.3 points at 11,591 shortly after opening. Gold prices hit record h... Financial Post Wed, 25 Nov 2009 10:06:09 -0500LONDON -- Britain's economy shrank for a sixth consecutive quarter in the three months to September but at a slower pace than previously reported, keeping alive expectations of a return to growth befo... Financial Post Wed, 25 Nov 2009 10:06:07 -0500Russia’s Central Bank said on Wednesday it is preparing to invest some of its foreign exchange reserves in Canadian dollars to diversify its portfolio, which helped push the U.S. dollar to its lowes... Financial Post Wed, 25 Nov 2009 10:06:06 -0500Hackers are racing to build reliable exploits to use against a zero-day vulnerability in Internet Explorer (IE), putting pressure on Microsoft to push out a patch before attacks go public, researchers... CIO Wed, 25 Nov 2009 10:06:01 -0500S tocks are narrowly mixed as reports showing a smaller rise in new claims for jobless benefits and strong consumer spending were offset by an unexpected decline in durable goods orders. The Labor De... Boston Herald Wed, 25 Nov 2009 10:06:01 -0500Toyota Floor Mat Recall Still Uncertain (AP) Toyota Motor Corp. will replace gas pedals on 3.8 million recalled vehicles in the United States to address problems with sudden acceleration or the pedal ... CBS News Wed, 25 Nov 2009 10:04:20 -0500Stock futures pointed to a higher open after data on an improving job market and strong consumer spending provided reassurance that the economy is recovering. However, the gains were tempered by a thi... The Detroit News Wed, 25 Nov 2009 10:02:13 -0500Yahoo added yet another layer of “helpfulness” to its search boxes Tuesday, introducing a feature it calls “Search Assist,” which suggests links to useful Yahoo pages and shows... Wired News Wed, 25 Nov 2009 10:00:01 -0500Switzerland's authorities have told more than 500 clients of Swiss bank UBS that their account details are about to be given to US tax authorities.They are the first of a list of almost 4,500 names th... BBC Wed, 25 Nov 2009 09:37:29 -0500'Difficult decisions' HCMC is not the only public hospital reeling from funding cuts. "This is happening pretty much all over the country," said Larry Gage, president of the National Assoc... Star Tribune Wed, 25 Nov 2009 08:28:40 -0500BILLINGS, Mont. - A push to end grazing along a 150-mile stretch of the Missouri River would bar about 10,000 cattle from federal lands in central Montana so that the river valley can be restored to ... Star Tribune Wed, 25 Nov 2009 08:28:38 -0500• Build crossover taxiway, which will allow planes to move on bridges between parallel runways on either side of Lindbergh. Sink the airport access roads from Hwy. 5 so vehicle traffic would flow... Star Tribune Wed, 25 Nov 2009 08:28:36 -0500NEW DELHI, INDIA--(Marketwire - November 25, 2009) - Weaker dollar and strong housing boost Wall Street on Monday. Market witnesses jump on broad based trading. As new... Market Wire Wed, 25 Nov 2009 08:22:25 -0500TEL AVIV (MarketWatch) -- Among the shares expected to see active trade in Wednesday's session are J. Crew, EMC, Incyte, McCormick, Microsoft, Tiffany, TiVo and Wimm-Bill-Dann. J. Crew Group Inc. MarketWatch Wed, 25 Nov 2009 08:21:51 -0500Traders in Barclays Tower, Canary Wharf. Photograph: Rex Features David Charters is a former diplomat and investment banker, who left the City after 12 years of working on many large international f... Guardian Wed, 25 Nov 2009 08:17:44 -0500The carrier, formerly British Midland Airways, said the plans involved a reduction in planes and routes and the possible loss of at least 600 jobs. The job reductions would come from all areas of its... Sky News Wed, 25 Nov 2009 07:56:06 -0500FRANKFURT -- German utility E.On AG and Spanish firm Abengoa SA said Wednesday they have formed a 50:50 partnership to jointly own and operate two 50-Megawatt concentrating solar power plants in Spai... Fox Business Wed, 25 Nov 2009 07:49:09 -0500LONDON -- Tiffany & Co. said Wednesday that its fiscal third-quarter net profit dipped 1% to $43.3 million, or 34 cents a share, from $43.8 million, or 36 cents a share, a year earlier. Sales for the... Fox Business Wed, 25 Nov 2009 07:49:08 -0500NEW YORK -- Deere & Co. said Wednesday its fiscal fourth-quarter net loss was $222.8 million, or 53 cents a share, versus net income of $345 million, or 81 cents a share, in the year-ago period. On a... Fox Business Wed, 25 Nov 2009 07:49:06 -0500Once again, stock futures were pointing toward a higher open Wednesday morning on this shortened trading week as the dollar hit lows against the Japanese yen, the euro and the British pound, pushing ... Fox Business Wed, 25 Nov 2009 07:49:05 -0500TEL AVIV -- Wimm-Bill-Dann Foods, the Moscow producer of dairy products and juices and other beverages, reported that third-quarter net income rose 44% on 25% lower sales. Profit reached $44.5 millio... Fox Business Wed, 25 Nov 2009 07:49:05 -0500LONDON -- The Greek ASE Composite Index fell 3.2% to 2,351.96 on Wednesday, underperforming higher major regional European share markets, as Greek banks lost ground again. Piraeus Bank shares fell 7.... Fox Business Wed, 25 Nov 2009 07:49:03 -0500STOCKHOLM/WIESBADEN (Reuters) - General Motors was grappling with the future of two European units on Wednesday, seeking options for Saab after a sale collapsed and preparing to show unions its Opel r... Reuters Wed, 25 Nov 2009 07:48:09 -0500UBS AG plans to hire more than a dozen sales and trading staff to bolster its equities business in Canada over the next two years after receiving a record number of job requests from employees at riva... Financial Post Wed, 25 Nov 2009 07:47:14 -0500OTTAWA -- Ericsson, the Swedish wireless giant, is buying more Nortel Networks assets as part of a US$103-million offer with its bid partner, Kapsch CarrierCom AG. Nortel said Wednesday that Ericsson... Financial Post Wed, 25 Nov 2009 07:47:13 -0500Microsoft Chief Financial Officer Chris Liddell plans to leave the company at the end of the year after managing the software giant’s finances for nearly five years, Microsoft said Tuesday. CIO Wed, 25 Nov 2009 07:47:08 -0500VANCOUVER, British Columbia - (Business Wire) lululemon athletica inc. (NASDAQ: LULU; TSX: LLL) will be holding its third quarter fiscal 2009 earnings conference call on Wednesday, December 9, 2009 at... Earth Times Wed, 25 Nov 2009 07:46:58 -0500European equities rose on Wednesday following gains in Asia and as investors in London shrugged off data showing Britain stuck in a record recession.In late morning European deals, London's FTSE 100 i... Yahoo!7 News Wed, 25 Nov 2009 07:42:59 -0500John Mulholland to write a manual on misdirection, concealment, and stagecraft. All known copies of the document — and a related paper, on conveying hidden signals — were believed to be de... Wired News Wed, 25 Nov 2009 07:41:02 -0500Submit your comment Microsoft says its chief financial officer is departing at the end of the year. Chris Liddell joined Microsoft as CFO in 2005. He led a major effort to cut $3 billion (R22.2 bil... Business Report Wed, 25 Nov 2009 07:25:37 -0500General Motors (GM) has said that it will not be closing any of Opel's four plants in Germany as part of its restructuring plans.The US carmaker also said it would be cutting between 9,000 and 9,500 j... BBC Wed, 25 Nov 2009 07:19:19 -0500Profits at the London Stock Exchange have fallen after the global economic downturn dented investor confidence.That led to lower trading volumes which helped to cut half-year profits at the exchange b... BBC Wed, 25 Nov 2009 07:19:17 -0500The Chancellor, Alistair Darling, is due to make an emergency statement in the Commons about the Bank of England's secret loans to RBS and HBOS.Mr Darling is expected to defend his view that it was in... BBC Wed, 25 Nov 2009 07:19:15 -0500TIF ), the world's second-largest luxury-jewelry retailer, is slated to release its third-quarter results before the market opens Wednesday.On average, 17 analysts surveyed by Thomson Reuters expect ... Quote.com Wed, 25 Nov 2009 07:18:21 -0500UK-based Tesco Telecoms has announced that it has inked a new five-year deal with Cable & Wireless (C&W) for the latter to act as Tesco’s wholesale broadband network provider. Under the terms of the... TeleGeography Wed, 25 Nov 2009 06:53:21 -0500SHANGHAI - The Chinese automaker that had joined with Koenigsegg Automotive AB in bidding to buy Saab said Wednesday it regrets the Swedish luxury sports car maker's decision to drop the deal and wil... Star Tribune Wed, 25 Nov 2009 06:52:38 -0500Jillian Michaels and Pure Protein team up to create a delicious Natural Whey Protein Powder exclusively for Walmart Ronkonkoma, NY (... PR Web Wed, 25 Nov 2009 06:50:36 -0500FRANKFURT (MarketWatch) -- Stock futures pointed to a higher opening on Wall Street Wednesday, as investors continued to draw optimism from the Federal Reserve's more upbeat outlook on the U.S. econom... MarketWatch Wed, 25 Nov 2009 06:45:38 -0500Treasury officials have made it clear Alistair Darling was waiting for the second GDP estimate before finalising his pre-budget announcement. Photograph: Sang Tan/PA Britain's economy remained stuck... Guardian Wed, 25 Nov 2009 06:42:02 -0500ITV Studios Global Entertainment is to launch a general entertainment channel, Granada TV, in Singapore on 1 December. The channel will be available via the StarHub pay-TV service, broadcasting... Guardian Wed, 25 Nov 2009 06:41:59 -0500The bank charges ruling in the supreme court found in favour of the banks. Photograph: Felix Clay Several banks have said they will not repay the fees charged on unauthorised overdrafts unless a cus... Guardian Wed, 25 Nov 2009 06:41:57 -0500Bank of England ponied up a covert £61.6bn to keep RBS and HBOS from closing their doors and their cash machines last October? It was revealed to MPs by the Bank's governor,... Guardian Wed, 25 Nov 2009 06:41:52 -0500The UK economy shrank marginally less than thought in the third quarter, but revised figures have reconfirmed the longest recession in British history. Sky News Wed, 25 Nov 2009 06:25:51 -0500Just step back for a moment to think how your e-mail messaging behaviour has changed over the past five years. First you had it on your desktop, then you wanted to access your mailbox from any browser... Times of India Wed, 25 Nov 2009 06:14:16 -0500The UK economy contracted at a slower pace than originally estimated between July and September, figures show.Third quarter economic output shrank by 0.3%, an improvement on the original estimate of a... BBC Wed, 25 Nov 2009 05:49:48 -0500Home for Chan Hon Keung is a two by three metre hardboard box. His cubicle is one of 16 on the fifth floor of a run-down concrete building in the Mongkok area of Kowloon. Little wooden ladders lead up... BBC Wed, 25 Nov 2009 05:49:46 -0500LOS ANGELES - The Washington Post will close its remaining U.S. bureaus in New York, Los Angeles and Chicago at the end of the year to save money and will focus news efforts on covering the nation's ... Star Tribune Wed, 25 Nov 2009 05:28:31 -0500Britain's biggest retailer is taking legal action after mistakenly paying almost £1m for six bicycles which should have cost less than £1,000, sources said today. Tesco is seeking... The Independent Wed, 25 Nov 2009 05:21:25 -0500Microsoft has launched its WebsiteSpark program in the Taiwan market targeting customers restricted to providers of website design/development services with a staff of fewer than 10 or independent pro... Digitimes Wed, 25 Nov 2009 05:17:46 -0500BEIJING - Asian stock markets rose modestly Wednesday in a session damped by evidence that recovery in the world's biggest economy is likely to be slow and bumpy. European shares were higher. The mut... 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