Intel in talks with India's ITI for jv: report
Published Sunday, Nov. 8, 2009
Intel (INTC.O), the world's largest chip maker, is planning to participate in bids invited by Indian state-owned telecom equipment maker ITI Ltd (ITEL.BO) to set up joint ventures, the Business Standard reported on Friday.
Read More |
Add a Comment
Wall Street firms skittish about RUSAL IPO: report
Published Sunday, Nov. 8, 2009
Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.
Read More |
Add a Comment
UK gives impetus to global banks tax
Published Sunday, Nov. 8, 2009
Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.
Read More |
Add a Comment
Stimulus, not transactions tax needed: Geithner
Published Sunday, Nov. 8, 2009
Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.
Read More |
Add a Comment
Berkshire Hathaway's net income triples
Published Saturday, Nov. 7, 2009
Warren Buffett's Berkshire Hathaway Inc on Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
Read More |
Add a Comment
AIG posts second straight profit
Published Saturday, Nov. 7, 2009
AIG, the giant insurer bailed out by the U.S. government, posted its second straight quarterly profit, helped by recovery in the value of its investments, but its underlying business remained weak and its shares fell.
Read More |
Add a Comment
Jobless rate tops 10 percent
Published Saturday, Nov. 7, 2009
The unemployment rate has hit double digits for the first time since 1983 — and is likely to go higher.
The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing. The rising jobless rate could threaten the recovery if it saps consumers' confidence and makes them more cautious about spending as the holiday season approaches. Read More |
Add a Comment
Opel chief leaves following failed deal
Published Saturday, Nov. 7, 2009
General Motors Co GM.UL said on Friday the head of its European operations, Carl-Peter Forster, is leaving, three days after the automaker's decision to scrap a planned sale of its Opel unit.
Read More |
Add a Comment
U.S. jobless rate surges to 10.2 percent
Published Saturday, Nov. 7, 2009
The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
Read More |
Add a Comment
Freddie Mac posts $5 billion loss
Published Saturday, Nov. 7, 2009
Freddie Mac (FRE.N) (FRE.P), the second largest provider of U.S. residential mortgage funding, said on Friday it lost $5 billion in the third quarter and predicted it would require further support from the Treasury amid a "prolonged deterioration" in housing.
Read More |
Add a Comment
Productivity surges, job growth should follow
Published Friday, Nov. 6, 2009
U.S. business productivity grew at its fastest clip in six years in the third quarter and new claims for jobless aid fell to a 10-month low last week, suggesting the labor market may be starting to bottom out. Read More |
Add a Comment
SEC deal may prove false dawn for Alabama county
Published Friday, Nov. 6, 2009
A deal between U.S. regulators and J.P. Morgan Securities to settle charges over secret payments to Alabama's Jefferson County may prove a false dawn for the debt-ridden county. Read More |
Add a Comment
Starbucks beats view, raises target
Published Friday, Nov. 6, 2009
Starbucks Corp reported a stronger-than-expected quarterly profit and raised its forecast, in the latest signs that the chain is turning around after closing cafes and slashing costs, and its shares rose 4.1 percent. Read More |
Add a Comment
Insider trading probe ensnares 14 more
Published Friday, Nov. 6, 2009
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers. Read More |
Add a Comment
