Business and Finance News
- U.S. stock markets close in positive territory
Los Angeles News.Net
U.S. equity markets had a rare up day Wednesday with all indices finishing in the black.
- Fannie Mae fights back but loses executives
Los Angeles News.Net
Mortgage finance giant Fannie Mae has made changes to its executive ranks, after investors appeared less certain a government bailout of the company might be imminent.
- Durable goods statistics improve in US
Los Angeles News.Net
New orders for long-lasting US manufactured goods rose by a surprise 1.4% in July, led by a big increase in civilian aircraft sales.
- Bangladesh scientists turn waste into oil
Los Angeles News.Net
Scientists in Bangladesh have developed ways to produce petroleum from degradable organic municipal waste and are now studying its feasibility before going to commercial production.
- Qatar National buys stake in Dubai bank
Los Angeles News.Net
Qatar National Bank has bought 24 per cent of Dubai's Commercial Bank International for US$302 million.
- Japanese cars picked up across the board
Los Angeles News.Net
Strong demand has improved global sales for Japanese cars.
- US dollar once again in decline
Los Angeles News.Net
The dollar has lost ground against the euro, a day after hitting a six-month high against the single currency.
- Oil prices rise due to hurricane
Los Angeles News.Net
Oil prices rose to above $117 a barrel Wednesday on concerns that Tropical Storm Gustav may disrupt operations in the Gulf of Mexico.
- PetroChina profit down dramatically
Los Angeles News.Net
PetroChina's first-half net profit has fallen 34.5 percent.
- Microsoft unveils Internet Explorer 8, its response to Firefox
Los Angeles News.Net
Microsoft has unveiled a trial version of a new Internet Explorer designed to fight the growing challenge from Firefox.
- China, Iraq reach $3 billion oil service deal
San Diego Union-Tribune
SHANGHAI, China – China and Iraq have signed a $3 billion deal revising an earlier agreement for China's biggest oil company to help develop the Ahdab oil field, according to a statement from...
- Chicago Sun-Times eyeing more cuts with ad drop
San Diego Union-Tribune
NEW YORK – The Chicago Sun-Times said Wednesday it is considering an unspecified number of job cuts, blaming declining advertising revenue. Any reductions, which could be announced next...
- Xcel, N.Y. reach deal on carbon disclosures
Star Tribune
In an apparent environmental first, Xcel Energy Inc. has agreed to spell out the potential impact of global climate change on its fortunes and that of its investors, according to a deal announced...
- Most commodities rise as energy markets eye Gustav
San Diego Union-Tribune
NEW YORK – Most commodities prices advanced Wednesday, lifted by the rising price of oil as traders eyed the trajectory of Tropical Storm Gustav. The storm, though downgraded from hurricane...
- House prices suffer double-digit fall
Guardian
House prices continued to fall in August, recording a double digit year-on-year fall for the first time since the 1990s.According to Nationwide, the price of a typical house has fallen by 10.5% over...
- NY AG confirms probe into Goldman, Fidelity
San Diego Union-Tribune
NEW YORK – The New York attorney general's office said Wednesday it is investigating whether Fidelity Investments was given incentives by Goldman Sachs Group Inc. to sell auction-rate...
- Winners, losers when Republicans come to town
Star Tribune
... hundreds of parties will be held and a slew of waiters and waitresses will be serving up booze to woozy delegates and lobbyists (and, dare we say, journalists?) into the early morning hours. And some...
- Aegis upbeat as half-year profits rise
Guardian
UK media buying group Aegis has reported a strong underlying pre-tax profit boost of 15.4% to £56.2m in the first six months of 2008, and expects full-year results at the "upper end" of market...
- Oil above $118; euro climbs on ECB talk
Times Of India
HONG KONG: Oil prices climbed for a fourth day on Thursday on worries a storm may gather force to become the worst threat to US offshore production since 2005, while the euro rose on tough ...
- To Invest $100 Million To Expand Shandong Plant
Morning Star
The expansion of Shandong Engineering Machinery, which manufactures wheel loaders, will begin in 2009, Caterpillar said in a statement, without specifying the current or increased production...
- Cabinet chief vows Argentina will service debt
San Diego Union-Tribune
BUENOS AIRES, Argentina – Argentina will meet all its debt obligations in 2008 and 2009, its Cabinet chief said Wednesday, addressing investor concerns that political tensions could reduce its...
- Factory had tension between union, immigrants
Herald Sun
Union bosses in this region of rural Mississippi have long grumbled that the largest factories here hire illegal immigrants, and that the immigrants were starting to get more overtime and supervisory...
- Barack Obama souvenirs on sale at the Democratic convention in Denver
Guardian
1 / 7 Film-maker Spike Lee sports a shirt showing Barack Obama dunking a basketball over John McCain's head. Lee told CNN last night that he had bought two dozen of the tees to FedEx to friends and...
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