Business and Finance News
Wall Street dithers over economy forecasts
Taiwan News.NetU.S. stocks lost ground Thursday although losses were limited.
Unpaid leave on the cards for California state employees
Taiwan News.NetGovernor Arnold Schwarzenegger of California has given an executive order for some state workers to take three unpaid days off per month starting in August.
Truck drivers in Greece told they must return to work
Taiwan News.NetThe Greek government, using a rare law, has ordered truck drivers back to work.
Protests arise at Fiat Mirafiori plant
Taiwan News.NetFiat car workers in Italy have been running protests over the company’s future in its home country.
Report points to power failure as reason for oil spill
Taiwan News.NetA power failure contributed to a 4,500-barrel oil spill in the US in May.
Boeing announces poor quarter fro profits
Taiwan News.NetAircraft giant Boeing its net profit for the April through June quarter was down due to a fall in plane deliveries.
Executives desert Cadbury under Kraft regime
Taiwan News.NetCadbury has seen the departure of many senior staff from its UK office since it was taken over by Kraft earlier this year.
Panasonic to release new 3D camera
Taiwan News.NetPanasonic has developed a camcorder that will record birthdays, weddings and family events in 3D.
Luxury seating available in some aircraft
Taiwan News.NetSome airline passengers may be feeling more comfortable in their seats, with dozens of airlines opting to install wider seats with more leg room.
Continental Airlines testing passenger self-board method
Taiwan News.NetContinental Airlines in the US is testing a controversial self-boarding method.
Gaza Strip investors buy into beach resorts
Taiwan News.NetPalestinians have invested $20 million or more in new tourist infrastructure in Gaza.
Exxon Mobil, Colgate-Palmolive among big movers
Sign on San DiegoNEW YORK Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Ameriprise Financial Inc., up $4.70 at $42.98 Th...
Microsoft CEO promises iPad will have Windows-based competitors, but they're not ready yet
Star TribuneREDMOND, Wash. - Microsoft will compete with Apple's iPad, but it isn't saying when. Microsoft Corp. CEO Steve Ballmer says the company is working with Intel Corp. and computer makers to perfect tab...
Bases in Ariz., Fla., Utah, Vt. picked to get initial share of Air Force's new F-35 fighter
Star TribunePHOENIX - The U.S. Air Force has chosen bases in Arizona, Florida, Utah and Vermont as homes for the military's F-35 Joint Strike Fighter, prompting applause from officials banking on the pricey new ...
Honeywell says it will keep headquarters in NJ as governor works to expand business grants
Star TribuneMORRISTOWN, N.J. - Honeywell International Chairman and CEO Dave Cote said Thursday that the Fortune 500 company has decided to keep its headquarters in New Jersey despite an attractive offer in anot...
Partisan disagreements, summer recess delays oil spill legislation until at least September
Star TribuneWASHINGTON - Partisan disagreements in the Senate will delay passage of legislation responding to the Gulf oil spill until at least September, when Congress returns from its summer recess. The House...
CDEL Schedules Third Quarter 2010 Earnings Release on Wednesday, August 18, 2010
RedOrbit/PRNewswire-Asia-FirstCall/ -- China Distance Education Holdings Limited (NYSE: DL) ("CDEL" or "the Company"), a leading provider of online education in China focusing on professional education, tod...
Expedia, Inc. Earnings Press Release Available on Company's IR Site
RedOrbitBELLEVUE, Wash., July 29 /PRNewswire-FirstCall/ -- Expedia, Inc. (Nasdaq: EXPE) today announced second quarter 2010 results through a press release that is available now at
Citigroup Paying $75 Million To Settle Civil Charges
NPRJuly 29, 2010 Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. ...
Citigroup paying $75M to settle civil charges
MSNBCWASHINGTON — Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 200...
Analyst Research on Motorola , Google , Exxon Mobil , ConocoPhillips and Many More Available Free at BedfordReport.com
Market WireTORONTO--(Marketwire - July 29, 2010) - The Bedford Report is pleased to announce that its latest Market Update analyzing recent news and events on Motorola, Inc. (
Stocks to Watch: Stocks to watch Friday: Merck, Chevron
MarketWatchSAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trading in Friday's session are Chevron Corp., Merck & Co. Inc. and Aon Corp. Chevron
Big earners are still safe in their glass towers
Guardianwatchdog gets tough on City bonus culture . EU-inspired crackdown to catch 2,500 firms in the Square Mile. New rules go far beyond anything imposed on Wall Street. These sentences are designed to chil...
Bunge Battered After Earnings Letdown
Forbeshad a bad second-quarter, leading its stock to a dramatic fall.On Thursday the company announced it earned $1.8 billion, or $11.15 per share, well ahead of the $293 million, or $2.28 per share, report...
Bunge Battered After Earnings Letdown
Forbeshad a bad second-quarter, leading its stock to a dramatic fall.On Thursday the company announced it earned $1.8 billion, or $11.15 per share, well ahead of the $293 million, or $2.28 per share, report...
Hill-Rom Climbs On Earnings Beat
Forbespeople ) reported an 80% jump in adjusted earnings for the most recently completed quarter, beating expectations, and raised its 2010 guidance. Revenue was up 8% year over year. Shares of Hill-Rom g...
ConocoPhilllips Draws Upgrade After Earnings
ForbesBank of America upgraded shares of ConocoPhillips from sell to neutral following the company's strong earnings earlier in the week. The firm noted that selling its Lukoil stake will benefit the compan...
Microsoft slates IE9 beta for September
ComputerworldComputerworld - MIcrosoft will ship a beta of Internet Explorer 9 (IE9) in September, a company executive said today. If the timeline is accurate, the IE9 beta release will come a month later than ear...
Microsoft's research depth enabled Kinect, Mundie says
ComputerworldMicrosoft 's forthcoming Xbox add-on that allows a user to control a game through body movements -- in fact, Microsoft itself initially thought it would be impossible, its top research executive said ...
Amgen Earnings Rise 7%, Beat Analysts' Expectations
CNBCreported a 7 percent increase in adjusted profit that topped Wall Street forecasts, although sales of some of its most important products fell short of Wall Street estimates and the company slightly l...
Nvidia's Earnings Warning Could Signal Chip Glut
CNBC. (Some analysts actually argue Intel could gain from Nvidia's pain—especially if there is a shift to the kind of integrated chipsets Intel makes.) My take: You can slice these numbers anyway, but i...
FAM: Ballmer says Microsoft pushing hard to make iPad competitor
The Seattle TimesWelcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Sharon Chan.
Canadian earnings declared Thursday: Barrick Gold, Thomson Reuters, TransCanada
Canadian BusinessTORONTO - Canadian earnings declared Thursday as of 5 p.m. ET: AltaGas Ltd. (TSX:ALA): Three months June 30, 2010, $28,400,000, $0.35 a share; 2009, $36,900,000, $0.46 a share. Revenue: 2010, $334,00...
Bonavista Energy Trust reports big jump in second quarter earnings
Canadian BusinessCALGARY - Bonavista Energy Trust (TSX:BNP.UN) says profits surged to $45.5 million compared to $661,000 a year earlier when it booked a $27.8 million loss under its risk management program. Production...
U.S. Stocks Fall as S&P 500 Slumps for Third Day on Earnings
Business WeekJuly 29 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a third day, as earnings and forecasts that disappointed investors at technology and consumer compa...
U.S. Nuclear Projects Tied Up Awaiting Federal Loan Guarantees
Business WeekJuly 29 (Bloomberg) -- The so-called nuclear renaissance that was supposed to boost U.S. capacity to generate emissions- free power may stall as developers await decisions from the Obama administratio...
Geithner to Speak on Obama’s Fiscal Plans, Aide Says
Business WeekJuly 29 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner next week plans to step up the Obama administration’s efforts to persuade lawmakers that tax cuts for wealthy Americans should ...
Genworth Reports Profit as Mortgage Results Improve
Business WeekJuly 29 (Bloomberg) -- Genworth Financial Inc., the mortgage guarantor and life insurer, reported a profit for a fourth straight quarter as results improved in its business backing home loans.
Gross Rolls Down Curve for Non-Normal Bond Returns
Business WeekJuly 29 (Bloomberg) -- Bill Gross is realizing outsized gains by benefitting from the near record difference in yields between short- and longer-maturity bonds while preaching that investors should pr...
Russian Pilot Rescued After Capture by Darfur Militia, UN Says
Business WeekJuly 29 (Bloomberg) -- A Russian helicopter pilot with the United Nations and African Union joint peacekeeping mission in the Darfur region of Sudan was rescued today after being seized and beaten by ...
Microsoft’s Ballmer Says Tablets Top of Mind Amid Apple Success
Business WeekJuly 29 (Bloomberg) -- Microsoft Corp. Chief Executive Officer Steve Ballmer said tablet computers are a big issue for him as Apple Inc. seized the momentum in a category Microsoft has worked on for m...
Expedia grows Q2 earnings
Business Journalreported second-quarter revenue grew to $834 million from $770 million last year, and net income rose to $114.3 million, or 40 cents per diluted share, from $40.9 million, or 14 cents a share in 2009....
TeleCommunication Systems earnings decline 53%
Business Journalsecond-quarter earnings fell by 53 percent on slower growth in the company’s text messaging business. The Annapolis satellite and wireless communication technology company posted earnings of $3...
Coinstar Q2 earnings rise
Business Journalreported second-quarter revenue rose to $342 million from $254 million a year earlier, and net income increased to $13.4 million, or 41 cents per diluted share, from $7 million, or 23 cents a share in...
Franklin Resources earnings rise 21% in Q2
Business Journalearned $360.5 million in the second quarter, up 21 percent from $297.7 million the year earlier period. In the first half, the investment company earned $1.1 billion, up from $529.4 million in the fi...
Franklin Resources earnings rise 21% in Q2
Business Journalearned $360.5 million in the second quarter, up 21 percent from $297.7 million the year earlier period. In the first half, the investment company earned $1.1 billion, up from $529.4 million in the fi...
SAIL Q1 net dips 11.5% to Rs 1,177cr on lower sales
Times Of IndiaNEW DELHI: SAIL on Thursday said its profit for the first quarter of the current fiscal declined by 11.5% to Rs 1,176.5 crore mainly due to lower sales and high input cost. "In the first quarter, t...
Flying to Europe with more than a bag? Pay extra
Times Of IndiaNEW DELHI: Passengers flying between India and US on American carriers aren't the only ones who need to pay extra for checking-in more than one bag. Now flying to Europe will also render similar ch...
NTC starts land e-auction, eyes Rs 5,000cr
Times Of IndiaNEW DELHI: National Textiles Corporation is expecting to raise over Rs 5,000 crore from sale of about 55 acres of surplus land in Mumbai in the ongoing fiscal, textile minister Dayanidhi Maran said...
Noel being groomed to head Tatas?
Times Of IndiaMUMBAI: In what could possibly be seen as a build up to the speculation that Noel Naval Tata may eventually succeed Ratan Tata, his half brother, as chairman of the $72 billion Tata empire, Noel wa...