Business and Finance News
- Dow falls more than 400 points for second day in row
Moscow News.Net
The Dow Jones industrials finished more than 400 points lower Thursday, after a similar fall on Wednesday.
- US Congress delays car bailout plan
Moscow News.Net
Democrats in the US Congress have been unable to secure the numbers to get auto-industry bailout legislation through Congress.
- Canada court rejects airline fee for obese passengers
Moscow News.Net
The Supreme Court in Canada has upheld a ruling that obese and disabled people will be able to have two seats for the price of one on domestic flights.
- Colgate-Palmolive riots flare in Nepal
Moscow News.Net
There has been a massive upheaval at the factory of Colgate Palmolive in Nepal, with the company announcing the sale of the company after 20 years of operations.
- Travel agents want a return to commission structure
Moscow News.Net
Travel agents associations in India have called on air operators to withdraw the transaction fee system they introduced on to reinstate the earlier five percent travel agents commission.
- Michael Jackson to appear in London court
Moscow News.Net
Pop legend Michael Jackson will give evidence in person at London's High Court to defend allegations that he owes $7 million to an Arab sheikh.
- African country becomes recipient of US funds
Moscow News.Net
The government in Ghana has put aside funds for development projects, such as the rebuilding of schools and other buildings destroyed by floods.
- UK government ready to take Royal Bank of Scotland shares
Moscow News.Net
Royal Bank of Scotland shareholders are due to vote on whether to accept a £20bn government bail-out.
- Best US used cars prices revealed
Moscow News.Net
An annual projection of US used car prices has shown Honda and Toyota cars have best resale value.
- Alitalia set for transfer to new owner
Moscow News.Net
The Italian airline, Alitalia, still needs to satisfy the government before the sale to an Italian business group can be completed.
- Dutch bar owners want smoking ban lifted
Moscow News.Net
Cafe and bar owners in the Dutch town of Tilburg have announced plans to identify smoking inspectors on the Internet.
- Mark Robinson appointed CEO of Citi South Asia
Moscow News.Net
Mumbai /Hong Kong, (ANI/ Business Wire India): Mark Robinson has been appointed Chief Executive Officer of Citi South Asia. Based in Mumbai, he will lead Citi's significant banking franchise in India, Sri Lanka and Bangladesh, and also join the Asia Pacific Executive Committee. Robinson succeeds Sanjay Nayar, who is leaving the firm to pursue other opportunities.
- Asian markets resume slide amid mounting US financial woes
Moscow News.Net
Asian stock markets took heavy losses Thursday, reflecting widespread gloom about US economic troubles and another bad day on Wall Street.
- Meditation and yoga prescribed for Wall Street brokers
Moscow News.Net
The constant fluctuations on Wall Street can grate on even the toughest businessman's or businesswoman's nerves.
- U.S. Markets, Citigroup Stock Price Suffer More Major Losses
PBS
There were also fresh concerns over the health of Citigroup, considered the most vulnerable among the major U.S. banks.The Standard & Poor's 500 Index was down Thursday 6.7 percent to the 752...
- Microsoft confirms Yahoo hire
CNet
Microsoft confirmed Thursday that it has indeed hired Yahoo search executive Sean Suchter, following speculation this week that he would be joining the software maker...
- Wall Street plunges again as panic spreads
Breitbart
Wall Street plunged for a second day Thursday as investor panic spread in the face of more weak economic data and the failure of lawmakers to produce a bailout for automakers. The Dow Jones...
- Wal-Mart agrees to buy wind power for Texas stores
San Antonio Business Journal
... has made a step toward being “green” with its recent purchase of wind energy to power about 360 stores and other facilities across Texas. The Bentonville, Ark.-based retail giant...
- Foot Locker, Inc. Reports Third Quarter Results
CNBC
... per share, pursuant to SFAS No. 115, to write down the value of a short-term investment. Last year's results included an impairment charge to write down long-lived assets for the Company's U.S....
- What does the future hold for Big Pharma
Guardian
Barack Obama put in charge of the food and drug administration – which, granted, is not a topic you might expect to hear talked about down here in the deep south. But Research Triangle Park, North...
- US Big 3 auto chiefs fail to get bailout package
Times Of India
The chief executives of Detroit's Big Three automakers departed Washington empty-handed on Wednesday night after two days of pleading for a financial lifeline on Capitol Hill. As the...
- Fannie Mae, Freddie Mac halt some foreclosures
Reuters
Fannie Mae and Freddie Mac, the two biggest home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, one of the biggest...
- Citigroup shares tumble despite Alwaleed move
Reuters
Citigroup Inc lost more than one-quarter of its market value as new support from its largest individual investor failed to ease worries over whether it will have enough capital...
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