Business and Finance News
- Major falls on Wall Street
Bahamas News.Net
U.S. stocks have fallen sharply on Thursday, two days after a major rebound.
- Delta gets takeover green light from EU regulators
Bahamas News.Net
EU regulators have approved a bid by US airline Delta for its smaller rival Northwest.
- Pipe flow cut by explosion
Bahamas News.Net
Oil flow through the Baku-Tbilisi-Ceyhan pipeline was cut Wednesday after an explosion sparked a fire in a pipe section in eastern Turkey.
- UK bank Barclays 1H profit falls 35 percent
CNBC
All Associated Press news - Barclays PLC , Britain's third largest bank, said Thursday that first-half profit fell by 35 percent, as securities trading slowed and credit writedowns...
- Cirque du Soleil introduces permanent entertainment in Dubai
Bahamas News.Net
Istithmar World, the investment arm of Dubai World, and real estate developer Nakheel have purchased a 20 percent stake in Cirque du Soleil.
- IMF cuts growth forecast for UK
Bahamas News.Net
The International Monetary Fund has cut its forecast for UK economic growth over the next two years.
- US Post Office sees dip in revenue
Bahamas News.Net
The US Postal Service has reported a loss of more than a billion dollars for the third quarter of the fiscal year.
- Pentagon offers new conditions for aircraft bid
Bahamas News.Net
The Pentagon has presented Northrop Grumman and Boeing with revised terms for a 35-billion dollar contract.
- Bribery scandal may never reach French court
Bahamas News.Net
A preliminary investigation into what has been called the biggest bribery scandal in French history is likely to be stopped.
- Corporate fraud brings long sentences
Bahamas News.Net
A US federal judge has handed down the first sentences to defendants convicted in a US$1.9 billion corporate fraud case.
- Microsoft announces business availability of SQL server 2008
Bahamas News.Net
New Delhi, ( the latest version of its acclaimed database management offering.
- Lenovo sales defy weak market
CNet
CNET News.com Staff Read about the latest earnings reports from technology's leading players. This page is updated as new reports are filed.
- Court will hear appeals from former Wal-Mart employees
C News
The Supreme Court of Canada agreed Thursday to hear appeals from a number of workers who lost their jobs when Wal Mart Canada closed its unionized store in Saguenay, Que., three years ago. ...
- CAS Medical Systems, Inc. President and Chief Executive Officer to Ring the NASDAQ Stock Market Opening Bell
RedOrbit
Andrew E. Kersey, President and Chief Executive Officer of 4 Times Square - 43rd &...
- Dynegy posts quarterly loss, trims forecast
San Diego Union-Tribune
NEW YORK – Power company Dynegy Inc posted a second-quarter loss Thursday, hit by a drop in the value of its trading positions, flooding in the Midwest and a power transmission line outage. ...
- Mortgage Bond Market Worries About Buyers Strike In Asia
Morning Star
... mortgage bond market may turn into a protracted buyers' strike. To be sure, trading volumes in summer tend to be light, but lack of buying from these investors as well...
- Ex-Refco president sentenced to 10 years in prison
Reuters
Tone Grant, former president of Refco, once the largest independent commodities broker, was sentenced to 10 years in prison for his role in a $2.4 billion fraud that involved...
- Mortgage rates are mixed bag
San Diego Union-Tribune
WASHINGTON – Rates on 30-year mortgages didn't budge this week, while rates on other home loans were a mixed bag. Freddie Mac, the mortgage company, reported Thursday that 30-year...
- CPG Posts Second Quarter Results
CNBC
CPG International Inc. a leading manufacturer of premium, branded, low maintenance building products for both residential and commercial markets today announced second quarter...
- FTC antitrust chief leaving for law firm
Reuters
The antitrust chief at the U.S. Federal Trade Commission is leaving after a 2-1/2 year period that saw the agency open a formal investigation into Intel Corp...
- Consolidated Communications profit falls in 2Q
CNBC
All Associated Press news Telecommunications service provider Consolidated Communications Holdings Inc. on Thursday reported a drop in second-quarter earnings, though adjusted...
- Jobless claims rise to highest since March 2002
San Diego Union-Tribune
WASHINGTON – The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy....
- Lexus stands alone atop JD Power
Newsday
NEW _ Lexus once again stands alone atop a closely watched ranking of vehicle dependability after Buick slipped from the No. 1 spot it shared with the Japanese luxury brand last year, J.D....
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