Business and Finance News
Fall in wholesale inventories pressures U.S. stocks
North Korea News.NetU.S. stocks driften Wednesday after an unexpected fall in wholesale inventories.
US interested in joining Asia Pacific trade groups
North Korea News.NetThe United States, in an effort to improve its influence in the Asia-Pacific region, has arranged talks to discuss a proposed Trans-Pacific partnership agreement.
San Diego driver reports frightening Toyota ride
North Korea News.NetA reported runaway Toyota Prius in California has had US safety investigators involved in determining the cause of a terrifying ride.
Nasdaq crashed a decade ago
North Korea News.NetIt is ten years since the dotcom bubble burst.
Chinese cars to be built in US
North Korea News.NetThe Los Angeles Business Journal has reported that Chinese car maker BYD may build an assembly plant in Los Angeles County.
Aer Lingus needs to cut costs
North Korea News.NetIrish airline, Aer Lingus, has reported a loss for 2009.
Eurotunnel results show a profit
North Korea News.NetEurotunnel has announced a profit of 1.4 million euros for last year, despite the weather, a fire in the tunnel and poor economic conditions.
Iceland votes not to hold referendum
North Korea News.NetIcelanders have voted overwhelmingly against a referendum to allow taxpayers money to be used to repay international debts.
Clinton says Papandreou is making right moves
North Korea News.NetUS Secretary of State, Hillary Clinton, has met Greek Prime Minister George Papandreou in Washington.
Brazil conservation program protects sardines
North Korea News.NetThe Brazilian government has ordered the implementation of a sardine conservation awareness program.
Chinese passenger cars in strong demand
North Korea News.NetChinese passenger car sales have climbed 55 percent from February 2009, with strong demand for smaller cars and four wheel drive vehicles.
Wal-Mart spent $1.78 million lobbying in 4Q
Sign on San DiegoNEW YORK Wal-Mart Stores Inc., the world's largest retailer, spent nearly $1.78 million lobbying in the fourth quarter on a wide range of issues from health care reform to organized crime and ...
2010 Acura ZDX: A widescreen view of the outside world
Star TribuneTORRANCE, CALIF. -- The shape that would eventually find expression in the design of the 2010 Acura ZDX was drawn by Michelle Christensen some four years ago, when she was still a student at the Art C...
Interest rates rise after drop in business inventories and rise in sales signal improvement
Star TribuneNEW YORK - Interest rates rose in the bond market after a government report signaled that businesses are working through inventories because of stronger demand. Treasury prices are lower Wednesday f...
Summary Box: US, European regulators divided over how to police derivatives
Star TribuneTARGETING SWAPS: European countries want the U.S. to join a crackdown on credit default swaps, a type of financial derivative some blame for deepening Europe's debt crisis. DISAGREEMENT: Regulators d...
Britain confronts debt of Greek proportions
Seattle Post-IntelligencerLONDON -- Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes. The unions are on edge. And the currency ...
Buffett's salary unchanged, but security costs up
Seattle Post-IntelligencerBy JOSH FUNKAP BUSINESS WRITER OMAHA, Neb. -- Warren Buffett brought home less pay than Berkshire Hathaway's chief financial officer again last year, but the company is paying more to protect the b...
United makes firm order for 25 Airbus A350s
Seattle Post-IntelligencerTHE ASSOCIATED PRESS PARIS -- United Airlines has made a firm order for 25 of Airbus' A350 extra-wide bodied jets, fulfilling a commitment signed in December, the European aircraft manufacturer sai...
Disclosing bank bonuses: it's not just gawping
GuardianRoyal Bank of Scotland earn £500,000 or more? It's impossible to guess. The only vaguely relevant piece of information was the one RBS chairman Sir Philip Hampton let slip last month – that 100 mem...
Chevron Asks Judge to Allow Arbitration Over Ecuador
Business WeekMarch 10 (Bloomberg) -- Chevron Corp., the second-largest U.S. oil company, asked a federal judge to allow an arbitration panel to resolve a court fight over an environmental cleanup in Ecuador that m...
Cable wants FCC to enter broadcast disputes
MSNBCRising tensions between subscription TV providers and the networks have brought together rivals including Time Warner Cable Inc., Dish Network Corp., DirecTV Inc., Verizon Communications Inc. and even...
First 3D TV Sets To Go On Sale 'By April'
Sky NewsThe Korean firm is expected to reveal more details at a launch in New York but entry-level prices for the dedicated 3D sets are thought to be around £1,800.
Becks Shows Colours On Old Trafford Return
Sky NewsDavid Beckham received a rapturous welcome on his long-awaited return to Old Trafford - and got an even bigger cheer when he left the pitch with a green and gold anti-Glazer scarf draped around his ne...
Microsoft Outlook makes friends with MySpace
CNetA beta version of the MySpace for Outlook connector lets users keep tabs on their social-networking buddies from within the corporate e-mail and calendar program.
Google's Schmidt: China Negotiations Should End 'Soon'
Wired NewsGoogle CEO Eric Schmidt said Wednesday that the search and advertising giant was actively negotiating with China over censorship that would end soon. His remarks came two months after the company reve...
Search data reflect Yahoo concern, Microsoft gains
Market WatchSAN FRANCISCO (MarketWatch) -- A pair of reports published Wednesday pointed to Yahoo Inc.'s weakening grasp on its share of the U.S. Internet search market and significant gains by deep-pocketed Micr...
CA Inc. To Buy Nimsoft For $350 Million
Fox BusinessSAN FRANCISCO -- CA Inc. said late Wednesday that it will buy privately held Nimsoft Inc. for $350 million in cash. Nimsoft provides IT monitoring software for emerging businesses. CA expects the tra...
Moody's Lifts New York Times Outlook To Stable
Fox BusinessSAN FRANCISCO -- Moody's Investors Service said late Wednesday that it raised the ratings outlook on New York Times Co. to stable from negative. The ratings agency said it expects that a moderation o...
CF Industries Says Yara Has 5 Days to Boost Bid
Fox BusinessCF ) will likely win out. Yara has five days to increase its all-cash offer of $4.1 billion to exceed the bid from CF Industries of $4.72 billion in cash and stock. Under the terms of the bid from ...
Report: BP In Line To Buy $5B In Devon Properties
Fox BusinessNEW YORK -- BP Plc is a front runner to buy about $5 billion in oil and gas assets from Devon Energy Corp. , The Wall Street Journal reported on Wednesday. Devon put the properties on the block at pa...
Navistar Predicts 2010 Earnings Up on Military Sales
Fox BusinessNAV ) said Wednesday it plans to raise its 2010 outlook once the delivery schedule for a $750 million order of military vehicles is set. The company maintained its original 2010 forecast, saying the...
Gymboree's Profits Rise 13% In Fourth Quarter
Fox BusinessSAN FRANCISCO -- Gymboree Corp. said late Wednesday its fourth-quarter profit rose to $33.2 million, or $1.11 a share, from $29.5 million, or $1 dollar a share, in the year-ago period. Analysts surve...
Head Of Chile's National Emergency Office Resigns -Report
Fox BusinessSANTIAGO -(Dow Jones)- In the middle of criticism over the failure to issue a tsunami warning in the wake of the 8.8-magnitude earthquake that hit Chile on Feb. 27, the head of the country's National...
Medtronic:Government Seeks Information On Clinic Relationship
Fox BusinessMDT ) said Wednesday that the U.S. attorney's office in Massachusetts is seeking details on the company's relationship with a Massachusetts health facility called the Lahey Clinic. The "civil invest...
Hot Topic Quarterly Profit Down On Weak Sales
Fox BusinessSAN FRANCISCO -- Hot Topic Inc. late Wednesday reported its fourth-quarter net income fell to $8 million, or 18 cents a share, from $14.2 million, or 32 cents a share, in the same quarter last year. ...
CERA WEEK: Sees Crude Barrel At $65 To $85 In 2010
Fox BusinessHOUSTON -(Dow Jones)- The price of a barrel of oil is likely to remain within a range of $65 to $85 this year due to expectations for a "robust" recovery, IHS Cambridge Energy Research Associates Man...
Private sector eyes opportunity in Haiti rebuilding
ReutersMIAMI (Reuters) - Rebuilding Haiti after its catastrophic earthquake should generate major contracts for private companies specializing in construction, logistics, transport and security, but U.S. exe...
Provincial debts ‘a ticking time bomb’: CIBC
Financial PostOTTAWA -- Rapidly climbing debt levels and rising interest rates could make debt affordability a "ticking time bomb" for provincial governments pumping their balance sheets with infrastructure-related...
Google's Big New Cloud Play: Should Microsoft Be Afraid?
CIOMicrosoft, long the king of productivity apps, has even more to fear from cloud rival Google, thanks to Google's recent acquisition of DocVerse. The key: Google Apps users will be able to access Micro...
Cisco, Microsoft Certifications Increase High-Tech Salaries
CIOIT professionals with certain IT certifications could make bank compared to counterparts, according to a study of 17,000 high-tech workers conducted by Dice Learning.
Maidenform to Buy 1.6M Shares From Shareholder
ABCNewsmeta(ap—country:United States; ap—subject:Business;%) ISELIN, N.J. (AP) — Underwear maker Maidenform Brands Inc. said Wednesday that it will buy half of the 3.2 million shares tha...
Fed Recovers, Gets New Look as Financial Regulator
ABCNewsThe Federal Reserve, still dusting itself off from a fight that threatened to trim its powers, could emerge from a congressional overhaul of banking rules as the top cop over the nation's largest fina...
Diamond Foods Raises $181.4M in Follow-on Offering
ABCNewsDiamond Foods Inc., which sells Emerald nuts and Pop Secret popcorn, on Wednesday said it will net about $181.4 million in a secondary offering aimed at raising cash to fund an acquisition. The com...
First 3D TV Sets To Go On Sale 'By April'
AnanovaElectronics giant Samsung is promising the first 3D TV sets will go on sale in Britain by the end of the month. The Korean firm is expected to reveal more details at a launch in New York but entry-l...
Becks Shows Colours On Old Trafford Return
AnanovaDavid Beckham received a rapturous welcome on his long-awaited return to Old Trafford - and got an even bigger cheer when he left the pitch with a green and gold-anti-Glazer scarf around his neck. M...
UPDATE: Citigroup To Double North America Private Banking Force
Morning Starsaid he wants the unit, which has 130 bankers, to reach a total of about 260. Building up the private bank, which targets investors with a net worth of at least
Chemspec International Limited Announces Fourth Quarter and Full...
CNBCChina -based contract manufacturer of highly-engineered specialty chemicals, today announced its unaudited financial results(1) for the fourth quarter and full fiscal year ended
Valhi Reports Fourth Quarter 2009 Results
CNBC$174.9 million lower than the full year of 2008. Net sales increased in the fourth quarter of 2009 primarily due to higher TiO2 sales volumes and the favorable effect of fluctuations in currency exc...
AMREP Reports Third Quarter and Nine Month Results
CNBCRio Rancho areas that was consistent with the well-publicized problems of the national homebuilding industry and credit markets. The 2010 year-to-date decrease in real estate revenues compared to 20...
The Marcus Corporation Announces Third Quarter Conference Call
CNBCMCS today announced it will hold a conference call to discuss the company's third quarter fiscal 2010 results on Thursday, March 18, 2010, at 10:00 a.m. Central/11:00 a.m. Eastern time. Interest...