Consumer prices drop record 1 percent in October - WASHINGTON (AP) -- Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount....
US home construction sinks to new record low - WASHINGTON (AP) -- Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived....
Stocks fluctuate after report on consumer prices - NEW YORK (AP) -- Wall Street struggled to find a direction Wednesday, as investors, already nervous about the fate of the nation's top automakers, scoured more economic data in search of some relief....
Shelby favors changing automaker management teams - WASHINGTON (AP) -- The senior Republican on the Banking Committee said Wednesday he doesn't believe there will be a turnaround in the troubled U.S. auto industry until its top management is ousted and its manufacturing operations are revamped....
Oil falls below $54 a barrel - VIENNA, Austria (AP) -- Oil prices slipped further Wednesday, dipping below $54 on fears of global economic weakness that have sent crude down more than 60 percent in four months....
BASF temporarily closing 80 plants - FRANKFURT, Germany (AP) -- Chemical company BASF SE said Wednesday it is temporarily closing 80 plants worldwide due to slumping demand and cutting production at 100 more, including facilities in Texas and Louisiana. Some 20,000 workers are affected....
Gas sales boost 3Q profit at BJ's Wholesale - NATICK, Mass. (AP) -- Warehouse-club operator BJ's Wholesale Club Inc. said Wednesday fiscal third-quarter profit rose 24 percent, helped by sales of gasoline and shoppers hunting for bargains....
Mortgage application volume falls 6.2 pct - WASHINGTON (AP) -- Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association's weekly application survey....
Toyota to reduce output, temporary workers in US - TOKYO (AP) -- Toyota Motor Corp. said Wednesday it will reduce production in the United States to cope with slowing sales in the world's largest economy....
SolarWorld offers $1.3B for Adam Opel's assets - BERLIN (AP) -- German solar energy company SolarWorld AG said Wednesday it plans to offer euro1 billion ($1.3 billion) in cash and credit for some assets of carmaker Adam Opel GmbH, the German subsidiary of financially strapped General Motors Corp. GM said it wasn't selling....
Republicans wary of car deal - Republican senators in the US have told the US car industry it should consider bankruptcy protection rather than a government bailout.
Largest brewer closes Budweiser deal - The world's largest brewer, InBev, has informed the market it has completed its $52 billion takeover of Anheuser-Busch.
Tata Steel to improve output - India’s Tata Steel has said it plans to double its profit margins over the next five years.
Business people ask for Obama handout - Business executives have urged President-elect Barack Obama to implement urgently a large stimulus package, once he takes office.
MGM casino adopts new chairman - The board of casino operator MGM Mirage has appointed Jim Murren as its new chairman and chief executive to replace Terry Lanni.
Sharjah to have Indian trade centre within 15 months - A new Indian Trade and Exhibition Centre to promote Indian trade and business in the Middle Eastern and North African markets will come up here within the next 15 months.
BlackBerry co-CEOs in Canada - Jim Balsillie and Mike Lazaridis, co-CEOs of BlackBerry-maker Research In Motion (RIM), have been inducted into the Canadian Business Hall of Fame.
General Motors to invest $1 bn in Brazil plant - US automobile giant General Motors (GM) plans to invest $1 billion in Brazil to avoid in their Latin American unit the kind of problems it is facing at home, EFE reported Wednesday.
Hu meets Fidel Castro, promises better China-Cuba ties - Chinese President Hu Jintao met former Cuban president Fidel Castro and discussed ways to further strengthen ties with the island nation struggling to recover from three hurricanes and the effects of the ongoing global financial crisis, the EFE news agency reported Wednesday.
US automakers plead for bail-out with skeptical Congress - Chiefs of the three US automakers went before Congress Tuesday seeking an emergency injection of government money to stave off bankruptcies that could cost the US economy millions of jobs.
Ford to sell 20-percent of Mazda stake - Tokyo/Mazda Motor Corp and other business partners plan to buy back a 20-percent stake of the Japanese automaker from Ford Motor Co Wednesday, the automakers said Tuesday.
Bank of America to double stake in China Construction Bank - Bank of America Corp. said Monday it would almost double its stake in China Construction Bank Corp, ending speculation that it would dump its investment as a result of the widening global financial crisis.
UN official warns of social strife in Asia - Bangkok, Nov.19 : Ajay Chhibber, the head of the U.N. Development Program's regional bureau for Asia and the Pacific, has warned of the prospect of social unrest in Asia because of the global meltdown.
Third tri-nations summit for small business development inaugurated - New Delhi, Nov 19 : With the aim of enhancing co-operation between India, Brazil and South Africa (IBSA) in the field of small industries, the third tri-nation summit for small business development began here today.
Management placements unaffected, says Samir Barua - Ahmedabad, Nov 19 : The summer campus placements at Indian Institute of Management, Ahmedabad (IIMA) remain unaffected for the present by the global economic meltdown, says director Samir Barua.
ESPN STAR sports awarded global television production rights for champions league 2020 - New Delhi/Mumbai, Nov 18 (ANI/Business Wire India): ESPN STAR Sports (ESS), Asia's leading Sports Broadcaster, has been appointed the preferred bidder as the long-term global television production partner for the Champions League 2020 tournament by Champions League 2020.
Kerala fisher folks feel the pinch of global financial slowdown - Kochi, Nov.18 : With global financial crisis gravely affecting the markets around the developed world, fisherfolk in coastal villages of southern parts of India have also started facing a tough time.
Rahul Bajaj sees little room for price cuts in two-wheelers - New Delhi, Nov 18 : Reacting to Finance Minister P. Chidambaram's call to reduce prices to boost demand, Industrialist Rahul Bajaj today said that there is no scope for price cuts in two wheeler industry in near future.
Swraj Paul increases wealth in the midst of financial crisis - Led by billionaire steel magnate Swraj Paul, wealthy Indian-origin businessmen in Britain have increased their wealth despite the global financial crisis, according to a list published Wednesday.
CinnamonTeal launches do-it-yourself publishing web site - Panaji, Nov. 19 (ANI /Business Wire India): Author Solutions (ASI), the world leader in the fastest-growing segment of publishing, has launched its first international partnership for its dynamic DIY publishing tool, Wordclay, with Goa-based publisher, CinnamonTeal.
NASA announces naming contest for new Mars rover - Washington, Nov 19 : NASA, in cooperation with Walt Disney Studios Motion Pictures' movie WALL-E from Pixar Animation Studios, has announced a naming contest for its car-sized Mars Science Laboratory rover that is scheduled for launch in 2009.
Anand Sharma to open seminar on India engaging with a resurgent Africa - New Delhi, Nov.19 : Six months after India held its first summit with African leaders, an international conference is being organised in Delhi from Thursday (Nov. 20) to take a closer look at Africa's economic resurgence, its increasing presence in global affairs and the patterns and impact of the political and economic engagement of external powers in African affairs.
Maggie Cheung regrets not starring with Pitt in new Tarantino flick - New Delhi, Nov 19 : Hong Kong actress Maggie Cheung has confirmed that she has been signed for Quentin Tarantino's World War II film "Inglourious Basterds," but regrets she won't get a chance to share the screen space with Brad Pitt in the movie.
Maradona tells ex-England stars to get a life - London, Nov.19 : Former Argentine football star Diego Maradona has told England to stop bleating about his 1986 World Cup 'Hand of God' goal.
Millions of Brits read, text and chat to friends while in the loo! - London, Nov 19 : For most people, it provides a time for quiet contemplation and a chance to study knees, but when it comes to Brits, they like to read, chat and text friends while in the loo, says a new survey released to mark World Toilet Day.
Former Pak president Musharraf on US lecture tour early next year - Washington, Nov 19 : Former Pakistan president Pervez Musharraf will embark on a lecture tour in the US from early next year, with his first speaking engagement to take place at the World Affairs Council of Western Michigan at Grand Rapids on 14 January.
Bangladeshi film to have world premiere at Indian film fest - Bangladeshi filmmaker Abu Sayeed's latest work 'Rupantor' will have a world premiere at the International Film Festival of India (IFFI), beginning in Goa capital Panaji on Nov 22, where it will also be pitted against 14 other films in the competitive section.
Ex-US Congressman says world can - Washington, Nov 19 : A former US Congress who has penned a "9/11 report" has said that the world could not afford to have Pakistan as a "failed state" replete with nuclear weapons, ethnic tensions, Taliban sympathisers and even Osama Bin Laden residing in its territory.
Ex-England player Butcher says he would like to thrash Maradona - London, Nov.18 : Former England footballer Terry Butcher has said that if he comes across former Argentine footballer Diego Maradona, he would like to thrash him severely for his 1986 "Hand of God" goal in the World Cup.
Russia, China to resume talks on $25 bn loan - Novy Urengovy (Russia), Nov 18 (RIA Novosti) Russia and China will soon resume talks on two loans to major Russian oil companies worth $25 billion, Russian energy minister Sergei Shmatko said Tuesday.
Economy just needs to find that sweet spot - Remember when Treasury Secretary Henry Paulson warned us that the economy was about to collapse unless Congress immediately authorized him to spend $700 billion on "troubled assets" held by banks? Rem...
Japan stocks fall on grim bank earnings, auto woes - Japanese stocks fell Wednesday as grim earnings from the country's biggest bank and doubts about the fate of a U.S. government lifeline for ailing automakers underlined a gloomy outlook for world grow...
Gloss off Indian economy at top corporate forum - Indian Finance Minister P Chidambaram speaks at the India Economic Summit at the World Economic Forum at New Delhi, India, Sunday, Nov. 26, 2006. (AP Photo/Mustafa Quraishi)(file photo) In this year's...
Beshear opposes mining rule - Gov. Steve Beshear is objecting to a proposed change in federal rules that would make it easier for mining companies to dump waste rock into streams.
Ford hopes to regain car traction with new Fusion - By TOM KRISHERAP AUTO WRITER DETROIT -- While two of the Detroit Three have no new models to unveil at this year's Los Angeles Auto Show, Ford Motor Co. stayed in and will show off a revamped midsi...
Poor nations discuss trade, finance - Poor countries must use trade as a tool to survive the financial crisis gripping richer nations, Cambodia's premier told a meeting of officials from developing countries on Wednesday.Trade ministe...
Intel to launch 65W desktop CPUs for all-in-one PCs - Intel is planning to launch three 65W low-power desktop CPUs targeting small form factor (SFF) PCs and all-in-one PCs in the middle of January next year, according to sources at PC vendors.
Kazakh economy on the right path - ALMATY, Kazakhstan -- A senior International Monetary Fund official has praised Kazakhstan, an early victim of the global credit crunch, for its handling of the crisis.The oil-rich Central Asian nati...
Holiday Travel, Chrysler, Ford - AAA says travel over the Thanksgiving holiday will drop for the first time in six years due to the economic slowdown and fewer flights. The AP's Mark Hamrick reports. (Nov. 18)
Shikota inspires business leaders, academics - Inspired, enlightened and hopeful was how some Stellenbosch business leaders described their mood after a meeting with Congress of the People (COPE) chairman Mosiuoa Lekota. Lekota on Tuesday addre...
Indonesia pumps $5 bln into projects to revive economy - Global Financial Crisis JAKARTA, Nov. 19 (Xinhua) -- The Indonesian government is allocating 60 trillion rupiahs (5.16 billion U.S. dollars) for short-term projects in 2009 in a bid to maintain econo...
Protests at Lloyds TSB meeting - Union members are to protest outside a meeting of Lloyds TSB shareholders to voice concern over possible job losses. Shareholders are meeting at the SECC in Glasgow to vote on the bank's controversia...
Cowen pledges not to increase corporation tax - The Taoiseach, Brian Cowen, has pledged not to increase corporation tax in response to the huge deterioration in the public finances this year.Speaking at the official opening of the new Thomond Park ...
US car companies seek $25bn aid - The bosses of the three biggest US carmakers, Ford, GM and Chrysler, have asked Congress for a $25bn bail-out. They told a Senate hearing that without the rescue package, their firms risked collapse,...
2008 Silver W3 Award Given To AIS Media For Company - ATLANTA, GA, November 19, 2008 /24-7PressRelease/ -- The W3 Awards Committee announces that AIS Media, Inc. was awarded the 2008 Silver W3 Award for the company's interactive corporate portfolio in th...
Alberta casinos feeling effect of slowing economy - The economic downturn is hurting Alberta's gambling industry, says an executive who oversees two casinos in Edmonton. Al Wilson, vice-president of operations for Baccarat Casino downtown and the Pal...
Woolworths considers selling retail business - "The board can confirm that it is in preliminary discussions regarding a possible offer for the retail business," the company said in a statement. "There can be no assurance that any offer will be for...
Anti-aging health industry continues upward trend in Middle East - The anti-aging business will be explored at the end of this month when the International Congress in Aesthetic, Anti-Aging Medicine & Medical Spa Middle East (ICAAM) opens its doors at the Al Bust...
Singapore sets up fund for 3D media industry growth - SINGAPORE, Nov. 19 (Xinhua) -- The Singapore Government is setting up a fund of at least 10 million Singapore dollars (6.6 million U.S. dollars) to support the growth of the 3D media industry over the...
Mining still faces many challenges, says CSIR - November 12, 2008 By Lucky Biyase Pretoria - Despite the mining industry remaining a vital component of the economy, it faced critical challenges, particularly in health and safety, Sibusiso Sibisi, t...
Weakening global economies take toll on spending worldwide - Despite the credit crisis that began in mid-2007, the U.S. economy has mostly been able to totter along due to export demand. But weakening global economies are taking a toll on spending worldwide, an...
Vote held on Lloyds TSB-HBOS merger - Lloyds TSB shareholders are to vote on the bank's rescue takeover of ailing rival HBOS. If the deal gets the go-ahead, it will create a banking giant with around 145,000 staff and 3,000 branches acr...
National athletes to take part in World Powerlifting Championship - The World Powerligting Championship among professional athletes in W.P.C category is due to begin in Miami, U.S. tommorow. Azerbaijan will be represented by two athletes in the three-day competition. ...
Microsoft hosts annual meeting amid Yahoo talk - Microsoft holds its annual meeting of shareholders in Bellevue this morning as speculation swirls around its intentions toward Yahoo, the Internet giant it tried to acquire earlier this year and which...
Middle East ranks low in global cyber attacks - The Middle East has one of the lowest levels of cyber threats in the world, revealed H.E. Mohamed Al Ghanim, director general of the UAE Telecommunications Regulatory Authority.
Microsoft ditches OneCare for free antivirus - "); Microsoft on Tuesday said it is changing its strategy for offering PC antivirus software, with plans to discontinue its subscription-based consumer security suite and instead offer individuals f...
The one year countdown to the Dubai World Championship begins - One year from today, the first shot will be hit in the Dubai World Championship, the world's richest golf tournament, held at the Greg Norman designed Earth course at Jumeirah Golf Estates.
HBOS, Lloyds TSB mixed as shareholders vote on deal - LONDON (MarketWatch) -- HBOS and Lloyds TSB were mixed Wednesday as the two lenders were holding shareholder meetings to decide whether the struggling banks should unite.
European markets likely to remain subdued amid mixed global cues - (RTTNews) - The major European index futures are pointing towards a higher opening for the markets on Wednesday. However, global cues are mixed, with the U.S. stocks closing higher overnight and the ...
US hosts Guatemala in World Cup qualifier tonight - C OMMERCE CITY, Colo. - Growing up on Oahu’s North Shore, Brian Ching preferred breaking waves over breakaway goals. Surfing, not soccer, held his affection. Now, the surfer dude who traded the...
Asian markets fall on gloomy earnings outlook - BANGKOK, Thailand - Most Asian markets slid into the red Wednesday, ignoring gains on Wall Street overnight, as demand for commodities continued to wilt and financial firms reported weak earnings, rei...
Singapore companies urged to consider retrenchment as last resort - SINGAPORE, Nov. 19 (Xinhua) -- Singapore's Manpower Ministry released a set of guidelines on Wednesday, urging companies to manage their excess manpower and consider retrenchment only as a last resort...
Launch of a Small Business SEO Consultancy in Manchester, UK - MANCHESTER, ENGLAND, November 19, 2008 /24-7PressRelease/ -- After 3 years of working as an in house SEO Consultant, Wesley McDermott noticed a gap in the market for small business website promotion. ...
December session to bail out auto industry a possibility, Hoyer says - Steny H. Hoyer said yesterday that Congress could come back next month to deal with an auto industry bailout, even as he conceded that action this week looks unlikely. At a question-and-answer session...
Business Post Group six-month profit declines - Quick Facts - BPG.L ) announced that its six-month period ended 30 September 2008 profit declined 39.4% to ??2.0 million, from ??3.3 million in the prior year period. On a per share basis, earnings for the period...
Brandix Streamlines Business with Lawson Fashion Solution - BANGALORE, INDIA, November 19, 2008 /24-7PressRelease/ -- Lawson Software (Nasdaq: LWSN) today announced that Sri Lankan garment manufacturer Brandix has successfully implemented Lawson Fashion, which...
Car sales drop - Former managing director of Mitsubishi Australia, Graham Spurling, says a 10 per cent drop in new car sales is more bad news for the industry. Australian Bureau of Statistics (ABS) figures show just ...
Mazda buys back chunk of own shares from Ford - Mazda spent 17.8 billion yen ($184 million) to buy back 6.8 percent of its own shares from cash-hungry Ford Motor Co., the Japanese automaker said Wednesday.The move cames a day after Ford said it's s...
Former Ukrainian Refugee to Global Success Coach, Masha Malka - "We were extremely pleased with the results of the campaign. Unlike many online campaigns, Masha Malka's included elements such as the blog tour that substantially increased visibility and market reac...
How To Make The Bailout Plan Work - reverse auction might just be the best way to implement the $700 billion rescue plan Congress passed Oct. 3. Shortly after the bailout was approved, Congress was supposed to be using reverse auctions ...
Lloyds TSB Report Going Green Could Boost Chance of Sale - LONDON, ENGLAND, November 19, 2008 /24-7PressRelease/ -- According to the latest Lloyds TSB Personal Loans survey, more than one third (34 per cent) of UK estate agents claim 'going green' with enviro...
Police mull investigation of finance minister - The Israel Police Investigations and Intelligence Branch is considering whether to initiate an inquiry against Minister of Finance Ronnie Bar-On for double voting on the economic plan bill in May 2003...
UAE look for World Cup lifeline against Iran - UAE´s Abdulraheem Jumaa (right) vies with Iran´s Ebrahim Sadeghisenjani during their World Cup qualifying match in June 2008. Iran won the match 1-0. Iranian national coach Ali Daei is not willing t...
Environment assessment is key to economy, says Hyder - In the current questionable economic environment, Hyder Consulting Middle East, the award winning international advisory and design consultancy has encouraged developers to maintain focus on environme...
World Toilet Day no laughing matter, group says - to go uncollected and untreated around the world, fouling the environment and exposing millions of people to diseases," the organisation said on its website. "November 19th is World Toile...
Western Mining to buy into steel group - Western Mining Co said on Wednesday it plans to purchase a 39 percent stake in Xining Special Steel Group from its parent for 1.1 billion yuan ($161.2 million). Western Mining, China's fourth-largest...
Global Semiconductor Market 08 Revenue To Fall 2% On Year-iSuppli - -(Dow Jones)- Revenue in the global semiconductor market will decline this year for the first time since the Internet bubble burst in 2001, due to deteriorating conditions in the global economy, U.S...
Grain handling companies confident in GM segregation - Harvest for the canola is about to start in Victoria, and anti-GM campaigners say that it's impossible to keep the crops separated.But Stuart McGrath from Australian Grain Accumulation says that there...
US economy goes to the dogs - Cincinnati - Pet adoption agencies are pushing to find homes for a growing number of retired greyhounds amid a struggling dog racing industry and a weak US economy that's left some prospective and cur...
Boeing to delay deliveries of jets - Boeing is revising its entire production schedule, adding up to 10 weeks to original delivery dates for all 3,734 jetliners in its order backlog as it tries to recover from a machinists' strike, the W...
Jason Robinson lashes out at - England's Adrian Morley runs into trouble as New Zealand ease to a semi-final victory. Photograph: Jason O'Brien/Action Images Former rugby league star Jason Robinson has blamed
In Jeffersonville courtroom set, mock trials are serious business - Was he moving too quickly? How about his tone? Stuttering?Paul cross-examined himself, in his mind. Plus these were peers and friends watching and listening, people whose opinions Paul respects."Who y...