Business and Finance News
- Fannie Mae CEO answers hard questions
Chicago News.Net
Investors reckon that Fannie Mae and Freddie Mac are running on borrowed time.
- Nintendo sued by American electronics company
Chicago News.Net
Nintendo's hit Wii console with its wandlike remote controller has been sued by a U.S. technology company.
- Continental-Schaeffler deal seems set
Chicago News.Net
Auto parts maker Continental AG has ended a standoff over a takeover bid from smaller rival Schaeffler KG.
- Scientists find new ways to convert ethanol into hydrogen
Chicago News.Net
Scientists have found a way to convert ethanol and other biofuels into hydrogen very efficiently, by using a new catalyst that makes hydrogen from ethanol with 90 percent yield, at a workable temperature, and using inexpensive ingredients.
- Bratz vs Barbie trial winding up
Chicago News.Net
A federal trial pitting the maker of Bratz dolls against the house of Barbie could cost MGA Entertainment up to $2 billion.
- Saudi stock exchange welcomes foreign investors
Chicago News.Net
Saudi market authorities have approved a new law that will allow non-resident foreign investors to invest in Saudi Arabia's stock exchange.
- BAE signs UK defence deal
Chicago News.Net
BAE Systems has signed a 15-year deal with the UK Ministry of Defence to supply the UK armed forces with small arms and medium-calibre ammunition.
- Shanghai Airlines breaks into profit on soaring traffic
Chicago News.Net
Shanghai Airlines flew into the black in the first half of this year on rising traffic and a government subsidy.
- Water resources under extreme pressure in Asia
Chicago News.Net
Inspired leaders who champion reforms, mobilize resources and involve communities can play a key role in helping Asia meet its many water and sanitation supply challenges, said Xianbin Yao, Acting Director General of Asian Development Bank's Regional and Sustainable Development Department.
- Popularity of newspapers continue to shrink
Chicago News.Net
There's an old newspaper expression: Stop the presses.
- Down Under leaders launch Pacific infrastructure initiative
Chicago News.Net
Prime Minister of Australia Kevin Rudd, New Zealand Prime Minister Helen Clark, Asian Development Bank President Haruhiko Kuroda and World Bank Group President Robert B. Zoellick Wednesday launched a new Pacific Region Infrastructure Facility.
- Gulf oil earnings to touch record $562 bn in 2008
Chicago News.Net
Oil producing nations in the Gulf will earn a record $562 billion by the end of this year, as oil prices are expected to remain above $100 a barrel, according to a new report.
- US stocks rise on energy, overcoming Fannie-Freddie slump
Chicago News.Net
Major US stock indices improved Wednesday on the back of gains in energy and metal shares, while new mortgage-market fears weighed heavily on financial institutions.
- Musharraf was on Qaeda
Chicago News.Net
New York, : During his seven-year rule as President of Pakistan, Pervez Musharraf defused tensions with India and also cut off terror infiltration routes across Kashmir, and "due to such co-operation, he was at the top of Al Qaeda's target list and dodged three assassination attempts," said an editorial in the Wall Street Journal.
- Burger King earnings per share up 42%
Market Watch
... on Thursday said that fourth-quarter earnings rose to $51 million, of 37 cents a share, compared to $36 million, or 26 cents a share in the same period a year ago. Revenue grew 9% to $646...
- Conservative ideology is why Britain is failing
Guardian
Conservative politicians and others to blame the state for almost everything. The state is blamed for rising income and wealth inequalities, the banking crisis, pensioner poverty, failed regulation...
- US unemployment claimants down but jobs market still bleak
Guardian
The number of new US workers claiming unemployment benefits fell for the second consecutive week and by more than expected, but still remain at high enough levels to suggest a weakening labour...
- College degrees worth $800,000
MSNBC
Sticker shock: it's really both. Families who pay huge bills for college educations can take some consolation knowing the degrees yield lifelong dividends.
- Gentiva reveals $147M deal to sell share in CareCentrix
Newsday
Gentiva Health Services Inc. , a provider of home care services, announced Thursday a $147 million deal to sell a majority share of its CareCentrix unit. Gentiva, based in Melville, said that...
- Settle securities case by Friday or be sued
Newsday
Merrill Lynch & Co. over its role in selling auction-rate securities if the investment bank doesn't reach an agreement with his office by the end of Friday. Cuomo said talks with the nation's...
- Microsoft taps Seinfeld for ad campaign
CNet
Jerry Seinfeld will appear as a celebrity pitchman as part of a new $300 million ad campaign being developed for Microsoft, The Wall Street Journal reported. The comedian will reportedly get $10...
- Microsoft eases use of Photosynth
Computerworld
Microsoft Corp. has made its Photosynth technology easier to use and has opened it up for anyone to create their own images, the company is planning to announce today. Photosynth automatically...
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