Business and Finance News
- Dow gains nearly 500 points as U.S. stocks roar
Memphis News.Net
U.S. stocks soared Friday, with gains accelerating in the final hour of trading.
- Timothy Geithner tipped to be new U.S. Treasury Secretary
Memphis News.Net
U.S. media report President-elect Barack Obama has decided to nominate Timothy Geithner, head of the Federal Reserve Bank of New York, to be his treasury secretary.
- Big global names buckling under pressure
Memphis News.Net
The global economic crisis is hitting different nations and industries around the world.
- Economy in India slowing as companies abandon expansion plans
Memphis News.Net
Many Indian companies are slowing expansion plans as they cope with the global economic downturn.
- Bush meets Chinese President Hu at Peru APEC summit
Memphis News.Net
U.S. President George Bush is in Peru for his final Pacific Rim summit.
- Pentagon takes on global Internet virus
Memphis News.Net
Cyberspace is a warfighting domain, and the Defense Department is taking steps to defend this crucial capability, a Pentagon spokesman said Friday.
- Wall Street surges after two-day fall
Memphis News.Net
New York, (Xinhua) Wall Street rallied Friday after reports that US president-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as treasury secretary.
- IBM to build computer circuits that mimic brains
Memphis News.Net
London, : An Indian-origin IBM expert has revealed that the company is all set to lead a U.S. Government-funded research project that aims at inventing electronic circuits that mimic brains.
- Arab bourses suffer as Gulf stock loses $538 bn
Memphis News.Net
Arab stock markets continued their downward journey this week, with financial analysts Friday citing unjustified 'panic and psychological pressures' from the turmoil on global markets.
- Burgan Bank teams up with Microsoft for Gulf Imagine Cup 2009
AME Info
As per the collaboration, Burgan Bank will sponsor the Kuwait leg of the Gulf Imagine Cup 2009, facilitate the mentoring of registered teams and on-campus elimination rounds as well as support the...
- Anti-piracy options fraught with difficulties as world mulls tougher response
Star Tribune
... quot;We have a full range of options ... that allow us to stop pirates from attacking merchant vessels," said Cmdr. Jane Campbell, a spokeswoman for the 5th Fleet in Bahrein. "But once the...
- Wal-Mart CEO Scott will retire in February
News & Observer
Comment on this story Wal-Mart, the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its...
- Citigroup Tries to Stop the Drop in Its Share Price
Gadsden Times
For months, the nation’s largest banks have struggled to regain investors’ trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated on...
- Pressure builds on Citigroup to sell part or all of itself
Los Angeles Times
Reporting from New York -- Pressure intensified on Citigroup Inc. to sell part or all of itself as its stock fell below $4 a share Friday and fears escalated about future loan losses.Chief Executive...
- Wine buyers are sobered by Wall Street meltdown
Los Angeles Times
In most years, store manager Diana Hirst considers herself lucky if she can snag six bottles of $265 Araujo Napa Valley cult Cabernet Sauvignon to stock in her Costa Mesa wine shop.This year she can...
- Will sinking Citigroup get a lifeline
The News Tribune
NEW YORK – With the sharp stock-market decline for Citigroup rapidly becoming a full-blown crisis of confidence, the company’s executives on Friday entered into talks with federal...
- Third-Quarter Earnings Up for QNB&T
PR Web
... up slightly to $4,624,000. Total assets have increased by $69,000,000, reaching a total of...
- Citigroup reeling as stock tumbles
Miami Herald
Citigroup's options are dwindling along with its stock price as the credit landscape deteriorates and fears escalate about future loan losses at the company.As the banking giant's shares...
- The Bank of England must remain independent to help us avoid deflation or soaring inflation
Guardian
... perceived threat appears to strengthen the case: after all, deflation is difficult to deal with using just rates. Once prices start falling, even zero interest rates become ineffective, as the...
- Wall Street eyes holiday season with little to cheer
Breitbart
Wall Street enters the year-end holiday season this coming week with little to cheer about as the worst bear market in decades appears to be grinding on. While some say stocks have been beaten down...
- LG Electronics and Microsoft Sign MOU on Mobile Convergence
24 / 7 Press Release
LG Electronics, a worldwide technology and design leader in mobile communications and Microsoft Corporation, the worldwide leader in software, services and...
- Oil, mining stocks track burst of buying on Wall Street
MENAFN
MarketWatch) -- Canadian shares surged late Friday, fueled by a Wall Street rally on news that the incoming administration of President-elect Barack Obama has made some selections...
- GM weighs bankruptcy option
Times Of India
The board of directors of embattled U.S. automaker General Motors Corp is considering "all options" including bankruptcy, according to a report on the Wall Street Journal's website ...
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