Business and Finance News
- US Chamber of Commerce wants ties with Cuba
Mexico City News.Net
US business organisations, including the US Chamber of Commerce, have urged president-elect Barack Obama to scrap Washington's 46-year-old economic embargo on Cuba.
- Honda cancels Formula One agreement
Mexico City News.Net
Concerns have been raised about the deteriorating sponsorship in auto sport after Honda pulled out of Formula One racing.
- Asian budget airline head expresses his hopes for the future
Mexico City News.Net
The CEO of Malaysian budget airliner, AirAsia, has said his long-term goal is to one day take over Singapore Airlines.
- US soldiers file toxic lawsuit
Mexico City News.Net
Sixteen American soldiers who served in Iraq have filed a lawsuit against a major defence contractor.
- Charity says overseas retail workers are being exploited
Mexico City News.Net
A British charity says the country's top retailers are selling clothes produced under inhuman conditions in Bangladesh and has called for a government legislation to stop British companies profiting from abuse.
- Bernanke asks for homeowner mortgage relief
Mexico City News.Net
Federal Reserve Chairman Ben Bernanke has said he wants more steps taken to halt home foreclosures.
- House values fall sharply in Britain
Mexico City News.Net
The value of homes in Britain has fallen at an average of US$147 every day from the first of the year through November.
- Merger on the cards for GM and Chrysler
Mexico City News.Net
General Motors and Chrysler have suggested they could open merger talks.
- Bangkok airport buzzing again
Mexico City News.Net
Bangkok's international airport has almost returned to normal.
- Cemex complains about Venezuelan takeover
Mexico City News.Net
Mexico's Cemex, the world's third largest cement producer, has asked for World Bank arbitration over Caracas's nationalisation of its Venezuelan operations.
- Tokyo stocks drop over US employment concerns
Mexico City News.Net
Tokyo stocks ended trading down Friday, as concerns over upcoming US employment data sniffed out modest gains made earlier that day as investors tried to snap up bargains.
- Wall Street falls on weak economic data
Mexico City News.Net
New York, (Xinhua) Stock prices on the Wall Street fell Thursday on disappointing US economic data and downbeat earnings.
- White Nile pulls up stumps on its oil business
Guardian
... the controversial company run by former England Test cricketer Phil Edmonds, has given up its ambition to be an oil company because of the political situation in southern Sudan.Instead, it plans to...
- China slowdown could see oil at $25 a barrel, bank predicts
Guardian
Oil prices could slump to just $25 a barrel next year, as much of the world sinks into recession and demand falls, according to the latest predictions...
- NBC Universal to axe 500 staff
Guardian
NBC Universal is to lay off 500 staff including several long-serving correspondents in the NBC News operation.The job cuts form part of a $500m (£341m) cost-saving plan announced by the NBC...
- Oil near 4-year lows on dire economic news
Miami Herald
More bad U.S. economic news kept oil prices anchored near four-year lows Friday, reflecting expectations of lessened demand worldwide.With cold weather settling in parts of the...
- World markets mostly down ahead of key US jobs report, Nikkei ends down 0.1 percent
Canadian Business
Matt Moore 2008 - 06:46 a.m. - World markets were mostly lower Friday as caution ahead of a critical reading on the U.S. jobs market offset any optimism caused by major...
- Microsoft snags former Yahoo search-technology whiz to lead online division
The Seattle Times
Qi Lu, a 47-year-old computer scientist who left Yahoo in August after a decade there, will be president of the Online Services Group, a high-profile position vacant since July.
- Microsoft taps key ex-Yahoo executive for post
Reuters
Microsoft also has decided it does not want to buy Yahoo any more, although it has left open the possibility of a search deal with the company. Lu, who was responsible for development of the Web...
- Wal-mart Defies Worst Sales Ever
New York Post
Last updated: 2:14 am2008 Posted: 1:58 am2008 Last month was the worst on record for retail sales, as big chains scrambled in vain to woo shoppers with desperate discounts on...
- Morgan Stanley widens Goldman Sachs loss view
Reuters
Morgan Stanley's Patrick Pinschmidt now expects Goldman to report a loss of $4.45 a share for the quarter, compared with his prior view of a loss of $1.09.
- Brown-Forman reports 11 pct rise in 2Q earnings
Miami Herald
Liquor maker Brown-Forman Corp. says its second-quarter profit rose 11 percent on gains by its Jack Daniel's Tennessee Whiskey and Finlandia vodka brands.The company is also...
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