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Breaking Business News
Top Stories: Trading was winding down Wednesday ahead of Thanksgiving which kept a cap on gains. ig News Network.com Wed, 25 Nov 2009 15:44:51 -0500The 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 -0500BRIDGEWATER, N.J. - A division of Johnson & Johnson said Wednesday that federal regulators granted full approval to an HIV drug designed to treat patients who have stopped responding to other treatme... Star Tribune Wed, 25 Nov 2009 16:08:38 -0500ST. LOUIS - Eight men have pleaded guilty to federal charges for selling stolen goods at five St. Louis area convenience stores and funneling part of their profits to the Palestinian territories. Ac... Star Tribune Wed, 25 Nov 2009 16:08:37 -050043437 Volume during the past four weeks, going back to the start of the month, has been below the 2009 average, with volume last week nearly 25% below average, the analyst said. And "we have eve... MarketWatch Wed, 25 Nov 2009 16:02:53 -0500The supreme court yesterday threw out a case fought by the Office of Fair Trading over whether to investigate punitive overdraft charges. Photograph: Luke Macgregor/Reuters 'I don't see why the bank... Guardian Wed, 25 Nov 2009 15:59:13 -050010 Things Microsoft Can Do to Beat Chrome OS ( Page 1 of 2 ) News Analysis: Chrome OS might be the latest "big thing" in cloud computing, but that doesn't mean it can't be thwarted before it is relea... eWeek Wed, 25 Nov 2009 15:49:46 -0500Interest rates on new credit card offers rose slightly this week, according to the CreditCards.com Weekly Credit Card Rate Report, as Bank of America increased rates on two of its cards. The nat... Fox Business Wed, 25 Nov 2009 15:36:32 -0500General Motors Co.’s plans told the Associated Press. The source requested not to be identified because the board has not yet made a decision on what to do with the brand. A group led by Swedish ... Fox Business Wed, 25 Nov 2009 15:36:29 -0500WASHINGTON (Reuters) - U.S. regulators are increasingly looking beyond stocks in their insider trading investigations to examine derivatives and credit default swaps, a top Securities and Exchange Com... Reuters Wed, 25 Nov 2009 15:35:28 -0500WASHINGTON (Reuters) - The Federal Reserve said on Wednesday it will no longer allow directors at regional Fed banks to own shares in financial firms, following controversy over a former Goldman Sachs... Reuters Wed, 25 Nov 2009 15:35:27 -0500TORONTO -- Russia gave Canada's dollar new lustre on Wednesday with a plan to add the currency to its foreign exchange reserves, a move that could spur similar buying by other major U.S. dollar holder... Financial Post Wed, 25 Nov 2009 15:34:45 -0500CHICAGO -- Wall Street's main barometer of investor sentiment did not show much fear on Wednesday, as it sank to its lowest level in 15 months. The Chicago Board Options Exchange Volatility Index, kn... Financial Post Wed, 25 Nov 2009 15:34:44 -0500Canadian home resale prices rose for a fifth straight month in September on gains in five of six major metropolitan markets surveyed, according to a report on Wednesday. Financial Post Wed, 25 Nov 2009 15:34:43 -0500Dubai will ask creditors of two of its flagship firms for a standstill on debt worth billions of dollars as a first step towards restructuring Dubai World, the conglomerate which spearheaded the ... Financial Post Wed, 25 Nov 2009 15:34:43 -0500Canadian National, the country’s biggest railway, said it is urging the Teamsters union, which represents the engineers, to resume negotiations immediately. Financial Post Wed, 25 Nov 2009 15:34:41 -0500Shareholders voted 99% in favour of the transaction, through which EnCana will spin off its oil sands operations into a new company called Cenovus Energy Inc and retain its natural gas production ... Financial Post Wed, 25 Nov 2009 15:34:40 -0500General Motors Co. confirmed Wednesday it will build the Buick Regal sedan at its Oshawa, Ont. assembly plant just east of Toronto, one of five vehicles the automaker commited to producing in Canada u... Financial Post Wed, 25 Nov 2009 15:34:40 -0500OTTAWA -- Earnings by Canadian companies rose in the third quarter of 2009 after three straight quarterly declines, Statistics Canada said Wednesday. Operating profits were up 7.9% to $54.1-billion d... Financial Post Wed, 25 Nov 2009 15:34:39 -0500WASHINGTON -- The number of U.S. workers filing new applications for jobless insurance tumbled last week to the lowest level in more than a year and consumer spending rose, adding to evidence the worl... Financial Post Wed, 25 Nov 2009 15:34:37 -0500The Toronto Stock Exchange on Wednesday was seeing solid gains Wednesday afternoon as a number of gauges on the U.S. economy encouraged investors. The S&P/TSX composite index was up about 98 poin... Financial Post Wed, 25 Nov 2009 15:34:37 -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 15:34:35 -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 15:34:33 -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 15:34:32 -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 15:34:30 -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 15:34:27 -0500Chris Liddell joined Microsoft in 2005 after serving as CFO of International Paper and CEO of Carter Holt Harvey. He will be replaced by Peter Klein... Taipei Times Wed, 25 Nov 2009 15:26:42 -0500WASHINGTON: The IMF announced on Tuesday that a lending scheme to aid countries hit hard by the financial crisis had grown to $600 billion. The IMF said that an additional 13 potential countries ha... Times Of India Wed, 25 Nov 2009 15:07:33 -0500Dutch financial services group ING has gained shareholder approval for a 7.5bn euros ($11.2bn; £6.8bn) share issue, and plans to split the business.ING said 99% of shareholders backed the propos... BBC Wed, 25 Nov 2009 15:04:38 -0500WASHINGTON - 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 c... Star Tribune Wed, 25 Nov 2009 14:49:08 -0500NEW YORK - As stores prepare for hordes of Black Friday shoppers and mark down high-definition TVs and hot toys, they're also pushing deals on something more mundane — necessities like socks an... Star Tribune Wed, 25 Nov 2009 14:49:04 -0500MORRIS TOWNSHIP, N.J., Nov. 25 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) today announced that Dave Anderson, Senior Vice President and Chief Financial Officer, will be presenting at the Friedman... RedOrbit Wed, 25 Nov 2009 14:47:42 -0500CHKP ), the worldwide leader in securing the Internet, today announced users of Check Point Security Gateway R70, VPN-1® R65, VPN-1 VSX R65, InterSpect®, IPS and Endpoint Security WebCheck... Market Wire Wed, 25 Nov 2009 14:44:07 -0500CHKP ), the worldwide leader in securing the Internet, today announced that ZoneAlarm® Extreme Security protects consumers against the zero-day vulnerability in Microsoft Internet Explorer (IE)... Market Wire Wed, 25 Nov 2009 14:44:07 -0500LOS ANGELES (MarketWatch) -- Investors in Wednesday's late-trading session may keep watch on Incyte Corp. shares, which zoomed higher during the day after the company reached a drug-development deal w... MarketWatch Wed, 25 Nov 2009 14:43:27 -0500LOS ANGELES (MarketWatch) -- Canada's equity benchmark surged more 100 points Wednesday as commodity stocks and prices advanced on the back of a slumping U.S. dollar. At the same time, the Canadi... MarketWatch Wed, 25 Nov 2009 14:43:25 -0500BOSTON (MarketWatch) -- Drug stocks traded higher Wednesday, outpacing their biotech counterparts, as shares of Incyte Corp. jumped on the heels of the company's drug-development pact with Novartis AG... MarketWatch Wed, 25 Nov 2009 14:43:24 -0500Thames Water pipe replacement work in Barnsbury, north London. Photograph: Frank Baron/Guardian Millions of households in England and Wales will learn whether the... Guardian Wed, 25 Nov 2009 14:39:24 -0500By MARTIN CRUTSINGERAP ECONOMICS WRITER WASHINGTON -- The Federal Reserve on Wednesday tightened the conflict of interest restrictions governing the boards of directors of its 12 regional banks. T... Seattle Post-Intelligencer Wed, 25 Nov 2009 14:29:22 -0500THE ASSOCIATED PRESS WASHINGTON -- Bankruptcy filings in federal courts jumped by more than one-third this year, as businesses and individuals struggled to regain their footing in a weakened econom... Seattle Post-Intelligencer Wed, 25 Nov 2009 14:29:22 -0500Open Web Foundation Agreement (OWFa). Microsoft officials said the five specifications now available under the Open Web Foundation Agreement are: Version 0.9: OAuth WRAP, Simple Web Tokens, the OpenS... eWeek Wed, 25 Nov 2009 14:29:11 -0500Markets opened higher in Canada Wednesday as data showed overall earnings by Canadian companies turned positive for the first time in nine months and a weak U.S. dollar continued to send gold prices h... Canada.com Wed, 25 Nov 2009 14:25:32 -0500Markets opened higher in Canada Wednesday as data showed overall earnings by Canadian companies turned positive for the first time in nine months and a weak U.S. dollar continued to send gold prices h... Leader-Post Wed, 25 Nov 2009 14:24:38 -0500The Toronto Stock Exchange on Wednesday was seeing solid gains by midday as a number of gauges on the U.S. economy encouraged investors.The S&P/TSX composite index was up about 95 points, or 0.8 p... Vancouver Sun Wed, 25 Nov 2009 14:24:33 -0500US stocks opened mixed today after a series of economic reports led by better-than-expected data on jobless claims failed to provide a major catalyst ahead of the Thanksgiving Day holiday. The Daily Telegraph Wed, 25 Nov 2009 14:18:01 -0500US stocks opened mixed today after a series of economic reports led by better-than-expected data on jobless claims failed to provide a major catalyst ahead of the Thanksgiving Day holiday. News.com.au Wed, 25 Nov 2009 14:17:41 -0500US stocks opened mixed today after a series of economic reports led by better-than-expected data on jobless claims failed to provide a major catalyst ahead of the Thanksgiving Day holiday. The Dow Jo... The Courier Mail Wed, 25 Nov 2009 14:17:30 -0500We'll admit it: so far, most conversations concerning the Microsoft-Yahoo deal and antitrust issues have related to the U.S. and Europe. Still, two potential roadblocks were eliminated yesterday when ... Web Pro News Wed, 25 Nov 2009 14:15:36 -0500GE ) CEO Jeff Immelt is in Paris Wednesday to accelerate talks to buy out French conglomerate Vivendi's 20% stake in NBC Universal , The Wall Street Journal reported. An agreement on Vivendi’s st... Fox Business Wed, 25 Nov 2009 14:15:32 -0500NEW YORK -- The Treasury Department sold a record $32 billion in 7-year notes on Wednesday at a yield of 2.835%, in the last of three major auctions this week. Investors bid for 2.76 times the amount... Fox Business Wed, 25 Nov 2009 14:15:30 -0500General Motors Co. confirmed Wednesday it will build the Buick Regal sedan at its Oshawa, Ont. assembly plant just east of Toronto, one of five vehicles the automaker commited to producing in Canada u... Financial Post Wed, 25 Nov 2009 14:13:48 -0500OTTAWA -- Earnings by Canadian companies rose in the third quarter of 2009 after three straight quarterly declines, Statistics Canada said Wednesday. Operating profits were up 7.9% to $54.1-billion d... Financial Post Wed, 25 Nov 2009 14:13:45 -0500REDMOND, Wash., Nov. 25 /PRNewswire-FirstCall/ -- Microsoft Corp. and eBay Inc. today announced they are partnering to offer eBay Daily Deals through a new Internet Explorer 8 Web Slice for the holida... Earth Times Wed, 25 Nov 2009 14:13:17 -0500REDWOOD CITY, CA -- 11/25/09 -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), the worldwide leader in securing the Internet, today announced users of Check Point Security Gateway R70... Earth Times Wed, 25 Nov 2009 14:13:11 -0500Markets opened higher in Canada Wednesday as data showed overall earnings by Canadian companies turned positive for the first time in nine months and a weak U.S. dollar continued to send gold prices h... Canada.com Wed, 25 Nov 2009 14:12:19 -0500Markets opened higher in Canada Wednesday as data showed overall earnings by Canadian companies turned positive for the first time in nine months and a weak U.S. dollar continued to send gold prices h... Windsor Star Wed, 25 Nov 2009 14:11:48 -0500Creativity and Technology conference in London, Ross announced: “We’re trying to invent things that are useful to people. We never know if our stuff is going to work.” “Now Hasbro don’t kno... Wired News Wed, 25 Nov 2009 14:07:12 -0500US stocks opened mixed today after a series of economic reports led by better-than-expected data on jobless claims failed to provide a major catalyst ahead of the Thanksgiving Day holiday. The Australian Wed, 25 Nov 2009 14:04:54 -0500WHAT'S NEXT ?December or January: the proposed plan will be presented to the MAC, a 15-member commission that owns and operates the airport. ?If and when approved, it will be sent to the Me... Star Tribune Wed, 25 Nov 2009 13:06:58 -0500READING, Pa. - Industrial battery maker EnerSys Inc. said its chief financial officer and executive vice president of finance, Michael Philion, has elected to retire from the company. On Tuesday the... Star Tribune Wed, 25 Nov 2009 13:06:55 -0500WASHINGTON - Records obtained Wednesday by The Associated Press show top aides to President Barack Obama met early and often with lobbyists, Democratic political strategists and other interests with ... Star Tribune Wed, 25 Nov 2009 13:06:52 -0500At the same time, high unemployment and general job insecurity caused many Americans to curtail Thanksgiving air travel plans yet cheaper means of transportation are expected to see a revival in popul... PBS Wed, 25 Nov 2009 13:04:00 -0500Lord Myners warned unless bankers showed 'a new culture of fairness' there would be calls for more regulatory invention. Photograph: Eamonn McCabe Lord Myners today delivered his... Guardian Wed, 25 Nov 2009 12:57:13 -0500Germany .Nick Reilly, the US carmaker's head of international operations, met employee representatives in Germany to go through the firm's detailed plans for the future. Reilly said "difficult decisio... Guardian Wed, 25 Nov 2009 12:57:09 -0500QinetiQ blamed the finalisation of US policy on Afghanistan for slowing government decision-making on military orders. Photograph: Manpreet Romana/AFP/Getty Photograph: MANPREET ROMANA/AFP/Getty Image... Guardian Wed, 25 Nov 2009 12:57:06 -0500Battle in Seattle , the day in 1999 when 100,000 protesters took to the streets and prevented the World Trade Organisation from launching its millennium round of free trade talks. The WTO is marking t... Guardian Wed, 25 Nov 2009 12:57:05 -0500Computerworld - Microsoft has delayed re-releasing a Windows 7 installation tool that it has admitted included open-source code, saying that it's still testing the revamped utility. The company now pl... Computerworld Wed, 25 Nov 2009 12:52:54 -0500(AP) - Among the earnings stories for Wednesday, Nov. 25, from AP Financial News: CHAMPAIGN, Ill. (AP) — Deere and Co. lost $223 million in the fourth quarter, reflecting big charges and a 28 p... Canadian Business Wed, 25 Nov 2009 12:52:00 -0500Honeywell Technology Solutions Inc. has landed a $45 million contract to provide logistics services to the Marine Corps at Blount Island. The Jacksonville-based company will provide the services unde... The Business Journal Wed, 25 Nov 2009 12:49:19 -0500LONDON - Lloyds Banking Group launched Britain's biggest-ever rights issue yesterday, calling on long-suffering shareholders to answer a £13.5 billion ($30.8 billion) cash call. Lloyds is offering a... New Zealand Herald Wed, 25 Nov 2009 12:46:20 -0500Up to 60 per cent of the job losses for Opel/Vauxhall, GM's European arm, will be in Germany with the future of the Opel plant in Antwerp, Belgium, remaining uncertain. The announcement by the US car... Sky News Wed, 25 Nov 2009 12:38:28 -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... Market Watch Wed, 25 Nov 2009 12:32:02 -0500SAN FRANCISCO -- Gold prices extended their rise into record territory Wednesday, nearing $1,186 an ounce, as a sliding dollar bolstered investors' appetite for assets seen as more stable when paper ... Fox Business Wed, 25 Nov 2009 12:30:37 -0500BOSTON -- Investor optimism and consumer confidence numbers have been ugly for ages now, so it was hardly a surprise that a survey released last week by PNC Wealth Management found that a majority of... Fox Business Wed, 25 Nov 2009 12:30:37 -0500Dear Opening Credits, What laws protect me as a credit card consumer? Thank you! -- Rosemary Dear Rosemary, There are actually quite a few federal laws in your corner, Rosemary. In fact, it's s... Fox Business Wed, 25 Nov 2009 12:30:34 -0500NEW YORK -- Crude-oil rose Wednesday, as a weaker dollar boosted dollar-denominated commodities' prices and as government data showed U.S. crude inventories rose less than expected last week. Also ra... Fox Business Wed, 25 Nov 2009 12:30:31 -0500NEW YORK -- Treasurys lost more ground early Wednesday, sending their yields higher, after a gauge of U.S. consumer sentiment was revised to a higher than expected level, while sales of new homes jum... Fox Business Wed, 25 Nov 2009 12:30:26 -0500SAN FRANCISCO -- Freddie Mac said Wednesday the 30-year fixed-rate mortgage average fell for the fourth week in a row to 4.78% with an average 0.7 point for the week ending Nov. 25. In the previous p... Fox Business Wed, 25 Nov 2009 12:30:24 -0500NEW YORK -- The dollar fell further against major counterparts early Wednesday, after a brief attempt to curb losses, after a gauge of U.S. consumer sentiment was revised to a higher than expected le... Fox Business Wed, 25 Nov 2009 12:30:22 -0500TRBCQ.PK ) have asked a judge to deny the media company's request for more time to present a plan of reorganization so the lenders themselves can offer a plan, according to court filings. Reuters Wed, 25 Nov 2009 12:29:18 -0500New Home Construction Plunges in October (AP) Sales of new U.S. homes rose more than expected last month to the highest level in more than a year as the housing market shows stability after its histor... CBS News Wed, 25 Nov 2009 12:26:33 -0500GM To Begin Repaying $6.7B in U.S. Loans (CBS) How quiet is too quiet when it comes to electric and hybrid cars? General Motors will announce it's working with an advocacy group for blind people to... CBS News Wed, 25 Nov 2009 12:26:32 -0500The document-leaking site Wikileaks says it’s preparing to release 500,000 intercepted wireless pager messages from a 24-hour period encompassing the September 11, 2001 terrorist attacks. Site ... Wired News Wed, 25 Nov 2009 12:20:51 -0500The BBC has discovered that hundreds of millions of pounds promised to developing countries to help them tackle climate change cannot be accounted for. Only a fraction of money promised every year in ... BBC Wed, 25 Nov 2009 11:59:15 -0500MORRIS TOWNSHIP, N.J., Nov. 25 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) today announced that Dave Anderson, Senior Vice President and Chief Financial Officer, will be presenting at the Friedman... Breitbart Wed, 25 Nov 2009 11:34:17 -0500General Motors is to cut 9,000 jobs across Europe as part of restructuring plans, it has announced. Up to 60 per cent of the job losses for Opel/Vauxhall, GM's European arm, will be in Germany with ... Ananova Wed, 25 Nov 2009 11:32:56 -0500 |
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