Business and Finance News
- U.S. stocks end week mixed
Denmark News.Net
Traders knocked off early Thursday ahead of the weekend.
- General Motors makes biggest drop on market
Denmark 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
Denmark 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
Denmark News.Net
Next week’s G8 summit is likely to concentrate on world food prices.
- Bangladesh anti-corruption drive scares investors
Denmark 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
Denmark 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
Denmark 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
Denmark 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
Denmark 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
Denmark News.Net
US legislators are still hoping to impose sanctions on China over what they say is its undervalued yuan currency.
- Disney to expand TV interests into Europe
Denmark News.Net
Disney, the iconic US movie and theme-park group is about to launch new European television channels.
- Surge in oil delivers another blow to US stocks
Denmark News.Net
Wall Street stock indices suffered major losses as oil futures hit a new record during Wednesday trading.
- Vinyl May Be Final Nail in CD
Wired News
As counterintuitive as it may seem in this age of iPods and digital downloads, vinyl -- the favorite physical format of indie music collectors and audiophiles -- is poised to re-enter the mainstream...
- Oil Prices Hit An All-Time High
Ananova
Oil prices have set a new record above $146 a barrel - as the Prime Minister warned they could carry on rising for years to come. Brent crude for August delivery traded in London reached $146.69...
- Del. judge mulls settlement in Countrywide lawsuit
San Diego Union-Tribune
WILMINGTON, Del. – A Delaware judge has granted preliminary approval of a proposed settlement in a shareholder lawsuit against mortgage lender Countrywide Financial. Vice-chancellor John...
- GE Aviation buys Czech turboprop engine maker
San Diego Union-Tribune
HARTFORD, Conn. – General Electric's aviation unit said Thursday it bought a Czech company that will help it make inroads into the fast-growing market for small twin-engine turboprop aircraft. ...
- Sugar Steps Down As Amstrad Chairman
Ananova
Sir Alan Sugar has stepped down as chairman of Amstrad, the company he founded 40 years ago. But the entrepreneur, best known in recent years as the star of reality TV show The Apprentice, does not...
- Service sector adds to UK gloom
BBC
Britain's service sector shrank at its quickest rate in nearly seven years during June, figures suggest, adding to reports of gloom in the UK economy. The Chartered Institute for Purchasing and...
- Ex-Refco CEO gets 16 years in prison
Reuters
Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison on Thursday for a nearly decade-long fraud that ultimately pulled the commodities...
- 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. ...
- Navy Orders Biggest Ever Warships
Ananova
The Royal Navy's biggest ever warships will finally begin to take shape on Thursday with the long-awaited signing of contracts to build two new super carriers. The ceremony, aboard HMS Ark Royal in...
- Iteris, Inc. Announces 1st Quarter Operating Results Conference...
CNBC
ITI will conduct a conference call with analysts and investors following the release of its operating results for the first quarter ended 1:30 ...
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