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Breaking Business News
Top Stories:
Oil-rich Abu Dhabi aghreed to provide Dubai World with funds to meet a maturing bond payment.
Big News Network.com Mon, 14 Dec 2009 17:25:20 -0500
The result of a ballot on strike action by British Airways cabin crew has been announced.
Big News Network.com Mon, 14 Dec 2009 19:16:01 -0500
The record rights issue from Lloyds Banking Group has been 95% subscribed.
Big News Network.com Mon, 14 Dec 2009 19:10:56 -0500
In the past year, mutual funds that have invested in US tech stocks have returned 73%.
Big News Network.com Mon, 14 Dec 2009 19:08:37 -0500
US economist Paul Samuelson has died at the age of 94.
Big News Network.com Mon, 14 Dec 2009 04:57:41 -0500
British chocolate maker Cadbury has stopped a hostile takeover offer from US giant Kraft Foods.
Big News Network.com Mon, 14 Dec 2009 07:14:18 -0500
Dubai's government has received $10 billion in emergency funds from its oil-rich neighbor Abu Dhabi.
Big News Network.com Mon, 14 Dec 2009 04:44:02 -0500
Russia has temporarily halted gas supplies to Armenia after an explosive device was found near a pipeline, Russian news reports say.
Big News Network.com Mon, 14 Dec 2009 04:39:11 -0500
A 43-year-old Singaporean has been charged with corruption after allegedly perpetrating insurance fraud.
Big News Network.com Mon, 14 Dec 2009 04:52:42 -0500
A 7,000km natural gas pipeline joining Central Asia to China has been opened by Chinese President Hu Jintao.
Big News Network.com Sun, 13 Dec 2009 18:00:35 -0500
The president of The Walt Disney Co.'s parks in Asia has reassured visitors to the groundbreaking for a new theme park in Shanghai that China will be big enough to support two Disneyland resorts.
Big News Network.com Sun, 13 Dec 2009 17:57:36 -0500
Boeing has announced it will test-fly its new 787 jetliner as early as Tuesday.
Big News Network.com Sun, 13 Dec 2009 17:54:57 -0500
International oil companies have stayed away from the most violent regions in Iraq while buying up the countries major oil fields.
Big News Network.com Sun, 13 Dec 2009 17:52:23 -0500
NEW YORK | Citigroup said Monday it is repaying $20 billion in public bailout money, freeing the banking giant from the close scrutiny and pay restrictions that came with the rescue program. The gover...
The Ledger Mon, 14 Dec 2009 18:39:28 -0500
CHARLESTON, W.Va. - Gov. Joe Manchin wants a plan for resolving the conflict over West Virginia's public retiree costs before another meeting of the various affected parties. A Monday morning sessio...
Star Tribune Mon, 14 Dec 2009 18:38:09 -0500
CARMEL, Ind. - Insurer Conseco Inc. said Monday it is offering 45 million shares of common stock to help pay down debt and for corporate purposes.The company plans to use $150 million plus half of th...
Star Tribune Mon, 14 Dec 2009 18:38:07 -0500
SAN FRANCISCO - Wells Fargo is selling $10.4 billion in new stock to help repay all $25 billion in bailout aid it received from the government at the height of the market meltdown last fall. The San ...
Star Tribune Mon, 14 Dec 2009 18:38:06 -0500
SAN DIEGO - Sol Price, the founder of Price Club who helped pioneer the warehouse superstore sales model that grew into a multibillion-dollar industry, died Monday. He was 93. Price died at his La J...
Star Tribune Mon, 14 Dec 2009 18:38:03 -0500
Wall Street Journal two years ago, Manhattan's media observers predicted it wouldn't be long before battle lines were drawn between the two US newspaper titans.And today the antagonism that has been s...
The Guardian Mon, 14 Dec 2009 18:28:21 -0500
(AP Photo/Steve Helber, file)FILE - In this July 26, 2006 file photo, an Exxon sign glows at an Exxon station in Richmond, Va. Exxon Mobil said Monday, Dec. 14, 2009, it will acquire XTO Energy in an ...
Examiner Mon, 14 Dec 2009 18:26:28 -0500
Central Pacific Financial Corp. (NYSE: CPF) was the only stock to see a decline, down 15.5 to 98 cents. On Friday, the FDIC ordered the bank to reduce its credit risk. Hawaii stocks seeing gains: &b...
Pacific Business News Mon, 14 Dec 2009 18:22:17 -0500
US banking giant Citigroup has announced plans to repay $US20 billion ($21.93 billion) in government aid in a big step toward emerging from a massive bailout. Citigroup, which was kept afloat by a se...
ABC Australia Mon, 14 Dec 2009 18:20:25 -0500
By RANDALL CHASEAP BUSINESS WRITER GEORGETOWN, Del. -- The eBay executive who led the online auction site's efforts to gain a minority stake in Craigslist warned that former eBay CEO Meg Whitman ha...
Seattle Post-Intelligencer Mon, 14 Dec 2009 18:18:16 -0500
WALL St shares rose overnight on the heels of a global rally as sentiment was lifted by Abu Dhabi's decision to bail out Dubai, and Citigroup's announcement of a plan to exit a US government...
The Daily Telegraph Mon, 14 Dec 2009 18:06:17 -0500
DB ) said Monday it expects to earn $14.6 billion in pre-tax profits in 2011 as several acquisitions completed during the financial crisis begin to pay dividends. "Deutsche Bank has demonstrated re...
Fox Business Mon, 14 Dec 2009 18:04:36 -0500
LOS ANGELES -- Apparel retailer Wet Seal Inc. late Monday said its chairman, Alan Siegel, has retired from the board of directors, effective immediately. Harold Kahn, who joined the board in January ...
Fox Business Mon, 14 Dec 2009 18:04:34 -0500
GTXI ), a Memphis, Tennessee-based drug developer, announced late Friday that it will slash 28% of its work force due to loss of revenue from a drug that it not get approval when expected, sending th...
Fox Business Mon, 14 Dec 2009 18:04:32 -0500
SAN FRANCISCO -- Robert Kelly has decided not to become Chief Executive of Bank of America and will remain CEO of Bank of New York Mellon , according to a memo obtained by MarketWatch on Monday. Kell...
Fox Business Mon, 14 Dec 2009 18:04:30 -0500
LOS ANGELES -- Abbott Laboratories said late Monday it has reached an agreement to acquire Starlims Technologies Ltd. , a provider of laboratory information management systems, for $123 million in ca...
Fox Business Mon, 14 Dec 2009 18:04:28 -0500
GOOG ) plans to begin selling a smartphone to consumers as early as next year, The Wall Street Journal reported, building on its release of its Android operating system. The phone, called Nexus One...
Fox Business Mon, 14 Dec 2009 18:04:26 -0500
CAMD ) for $4.70 per share, a 54% premium to its Friday closing price. The deal has already been approved by both companies’ boards, and ON said that its product offerings in the wireless and con...
Fox Business Mon, 14 Dec 2009 18:04:20 -0500
BBY ) from 38 cents per share to 45 cents per share, and raised her target price on the stock from $40 to $45 per share. McShane said that same-store sales would increase by 2.5% at Best Buy, and th...
Fox Business Mon, 14 Dec 2009 18:04:18 -0500
CCO ), the radio and advertising giant, announced Monday that former Washington Mutual executive Tom Casey will be joining the company as chief financial officer. Casey will take over for Randall Ma...
Fox Business Mon, 14 Dec 2009 18:04:16 -0500
) said on Monday it was ending changes it made to its shareholders rights plan last year when it sought to prevent a potential hostile takeover by Mexican billionaire investor Carlos Slim Helu.
Reuters Mon, 14 Dec 2009 18:03:25 -0500
The judge’s findings pave way for investors to sue a number of IMAX officers and directors over disclosures relating to the company’s 2005 financial statements.
Financial Post Mon, 14 Dec 2009 18:02:57 -0500
Monday, Globalive Wireless Management Corp. announced it has partnered with Blockbuster Canada and will use the retail chain’s stores to sell services.
Financial Post Mon, 14 Dec 2009 18:02:55 -0500
CHICAGO -- Tiger Woods has just made life a whole lot tougher for athletes looking to score big deals to pitch a company's products or services. The lurid, unrelenting media coverage of the world No....
Financial Post Mon, 14 Dec 2009 18:02:51 -0500
Accenture Ends Sponsorship of Tiger Woods (AP) Swiss watch maker Tag Heuer says it will spend the next few weeks assessing its endorsement relationship with golfer Tiger Woods. The statement from t...
CBS News Mon, 14 Dec 2009 18:00:57 -0500
Christmas came early for the Salvation Army of St. Joseph County. In front of a Walmart, a good samaritan donated a gold coin worth an estimated $1200. WSBT's Ed Ernstes reports.
CBS News Mon, 14 Dec 2009 18:00:56 -0500
The Australian stock market has received a mixed set of leads from Monday night's offshore trading session.While Wall Street finished higher and metals prices were firmer, the price of crude oil w...
The West Australian Mon, 14 Dec 2009 17:59:37 -0500
Hackers have released an application designed to thwart a Microsoft-packaged forensic toolkit used by law enforcement agencies to examine a suspect’s hard drive during a raid. The hacker tool, ...
Wired News Mon, 14 Dec 2009 17:56:43 -0500
Eager to help decrease our greenhouse gas emissions, spur job growth and foster the development of cellulosic ethanol, the ethanol industry wants the Environmental Protection Agency to increase the am...
Wired News Mon, 14 Dec 2009 17:56:41 -0500
It has been a long haul, but I finally have the motor in my ‘67 Beetle EV conversion. I’ve had one setback after another, but I expected it to be the most technically challenging part of t...
Wired News Mon, 14 Dec 2009 17:56:38 -0500
Aside from deal activity, stocks were also helped by news that Dubai had received $US10bn in financing from the neighbouring city-state Abu Dhabi as it deals with debt woes. An initial scare over Duba...
The Australian Mon, 14 Dec 2009 17:53:50 -0500
British Airways cabin crew have voted nine to one in favour of holding 12 days of strikes over the Christmas and New Year holiday periods. Up to two million passengers could see their flights ground...
Ananova Mon, 14 Dec 2009 17:37:56 -0500
The boss of takeover target Cadbury has told Sky News that his company is for sale - but only at the right price. The admission came on the same day that the confectionery giant called on its shareh...
Ananova Mon, 14 Dec 2009 17:37:55 -0500
Aerosonic Corporation (NYSE AMEX: AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced that today it filed its quarterly report on Form 10-...
CNBC Mon, 14 Dec 2009 17:33:44 -0500
All PR Newswire news - Revenue from continuing operations decreased 25.6% for quarter, 21.6% year-to-date- Comparable store sales decreased by 25.2% for quarter, 24.2% year-to-date- Loss from continui...
CNBC Mon, 14 Dec 2009 17:33:43 -0500
ETW , a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended September 30, 2009 and the nine months ended September 30, 2009. The Fund's fisca...
CNBC Mon, 14 Dec 2009 17:33:42 -0500
ETV , a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended September 30, 2009 and the nine months ended September 30, 2009. The Fund's fisca...
CNBC Mon, 14 Dec 2009 17:33:42 -0500
Please call in 10 minutes ahead of time to ensure a proper connection. We look forward to having you join us. If you have any problems or questions, please call F5 NETWORKS, INC. (206) 272-5555.
CNBC Mon, 14 Dec 2009 17:33:41 -0500
PZZA today announced its 2010 operating assumptions and earnings guidance. The company projects earnings per share in the range of $1.70 to $1.90 for 2010, excluding the impact from the consolidati...
CNBC Mon, 14 Dec 2009 17:33:40 -0500
ETB , a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended September 30, 2009 and the nine months ended September 30, 2009. The Fund's fisca...
CNBC Mon, 14 Dec 2009 17:33:39 -0500
AVT Chairman and Chief Executive Officer Roy Vallee will present at the Raymond James IT Supply Chain Conference in New York City on Tuesday, December 15, 2009 at 9:40 a.m. Eastern Standard Time.
CNBC Mon, 14 Dec 2009 17:33:39 -0500
PAY , the global leader in secure electronic payment solutions, today announced financial results for the three months and fiscal year ended October 31, 2009.
CNBC Mon, 14 Dec 2009 17:33:38 -0500
For the 2009 fourth quarter, Angeion posted a net loss of $573,000, or $0.14 per diluted share, on revenues of $6.6 million. Compared to the prior-year fourth quarter, which generated net income of ...
CNBC Mon, 14 Dec 2009 17:33:27 -0500
(RTTNews) - Stocks rose by solid margins on Monday, as concerns regarding the debt crisis in Dubai continued to dissolve following news of a fresh funding for embattled Dubai World. The major average...
Quote.com Mon, 14 Dec 2009 17:31:57 -0500
SAN FRANCISCO - Gannett Co. shares climbed Monday after an analyst at The Benchmark Co. upgraded the stock, citing improving prospects for the newspaper publisher and what he sees as solid management...
Star Tribune Mon, 14 Dec 2009 16:48:15 -0500
CHICAGO - Fitch Ratings on Monday affirmed the long-term and short-term investment-grade credit ratings of diversified manufacturer Tyco International Ltd. and its subsidiary. The ratings agency aff...
Star Tribune Mon, 14 Dec 2009 16:48:14 -0500
LINCOLN, Neb. - Heavy snow, strong winds and subzero temperatures slowed down many Nebraska residents last week and farmers who want to finish their harvests were among them. The U.S. Department of ...
Star Tribune Mon, 14 Dec 2009 16:48:13 -0500
+4.33% ) said Monday evening that it swung to a fiscal fourth-quarter profit of $3.7 million, or 4 cents a share. In the same period a year ago, the maker of electronic-payment systems lost $366.6 m...
MarketWatch Mon, 14 Dec 2009 16:42:11 -0500
Greece will use its worst debt crisis in decades to rebuild itself, Prime Minister George Papandreou pledgedtonight as he unveiled reforms to set right the parlous state of the nation's public finance...
Guardian Mon, 14 Dec 2009 16:38:31 -0500
British Gas . The chief executive's salary had risen by 900% in the years since the industry was privatised, and he now earned five times more than the prime minister. He was labelled Cedric the Pig. ...
Guardian Mon, 14 Dec 2009 16:38:29 -0500
Dubai a gift, a loan or the proceeds of a behind-the-scenes asset sale? Yesterday's statement out of Dubai was wholly unclear – it spoke of "funding", a word that could mean anything at all in this ...
Guardian Mon, 14 Dec 2009 16:38:27 -0500
British Airways jets at Heathrow airport. Cabin crew have voted to strike over Christmas. Photograph: Toby Melville/Reuters For François and Christine, returning to Canada for Christmas, the strike...
Guardian Mon, 14 Dec 2009 16:38:25 -0500
Computerworld - Microsoft on Saturday fixed a bug that locked out Office 2003 users from accessing documents safeguarded with the company's rights management security technology. Apparently,...
Computerworld Mon, 14 Dec 2009 16:34:02 -0500
Computerworld - Plurk, a micro-blogging service popular in parts of Asia, claimed today that its site design and underlying code were copied by a recently debuted service from...
Computerworld Mon, 14 Dec 2009 16:34:00 -0500
SAN FRANCISCO — Philip Morris International Inc. shares rose Monday after Goldman Sachs put the cigarette maker on its "Conviction Buy" list. Analyst Judy Hong said the company's growth "is bei...
The Seattle Times Mon, 14 Dec 2009 16:29:24 -0500
A start-up says that a microblogging service recently launched by Microsoft in China "rips off" its user interface and also contains a huge percentage of similar code.
CNet Mon, 14 Dec 2009 16:17:44 -0500
CITIGROUP unveiled plans to repay $US20 billion ($22 billion) in state aid and outlined plans to emerge from a massive bailout, in a fresh sign the banking sector is closer to standing on its own.
The Daily Telegraph Mon, 14 Dec 2009 16:14:03 -0500
CITIGROUP unveiled plans to repay $US20 billion ($22 billion) in state aid and outlined plans to emerge from a massive bailout, in a fresh sign the banking sector is closer to standing on its own.
The Daily Telegraph Mon, 14 Dec 2009 16:13:56 -0500
CITIGROUP unveiled plans to repay $US20 billion ($22 billion) in state aid and outlined plans to emerge from a massive bailout, in a fresh sign the banking sector is closer to standing on its own. C...
The Courier Mail Mon, 14 Dec 2009 16:13:43 -0500
CITIGROUP unveiled plans to repay $US20 billion ($22 billion) in state aid and outlined plans to emerge from a massive bailout, in a fresh sign the banking sector is closer to standing on its own.
News.com.au Mon, 14 Dec 2009 16:13:43 -0500
-3.69% ) Monday said it expects fourth-quarter earnings will be between 2 cents and 4 cents a share lower than the third quarter. The broker said the outlook is driven by the interest-rate environme...
Market Watch Mon, 14 Dec 2009 16:13:19 -0500
LOS ANGELES -- Standard & Poor's on Monday cut Mexico's foreign-currency sovereign credit rating by one notch, saying the country's fiscal challenges will "persist over the coming years," despite rec...
Fox Business Mon, 14 Dec 2009 16:12:06 -0500
NEW YORK -- Crude-oil futures fell for a ninth straight session Monday, marking their longest losing streak in eight years as concerns over persistently weak demand put investors in the mood to sell....
Fox Business Mon, 14 Dec 2009 16:12:04 -0500
Because your family often forgets that money doesn't grow on trees, MoneyTree is here for you. This holiday-shopping season is indeed one for the bargain hunter. Here are four spending tips to help k...
Fox Business Mon, 14 Dec 2009 16:12:02 -0500
"People relate to us as a product company -- the yellow-pages -- but we don't get paid by people who use the yellow-pages, we get paid by small businesses for helping them create ad messages, build we...
Reuters Mon, 14 Dec 2009 16:11:04 -0500
WASHINGTON -- President Barack Obama told top U.S. bankers Monday they owed the country their help in lifting the economy out of crisis and implored them to lend more money and to get behind financial...
Financial Post Mon, 14 Dec 2009 16:10:34 -0500
Greek Prime Minister George Papandreou pledged "radical" action to bring the country's budget deficit within European Union limits by 2013 as the two-month old government struggles to convince investo...
Financial Post Mon, 14 Dec 2009 16:10:29 -0500
The Bank of Montreal is attempting to shift blame from its own employees to Optionable Inc. for record commodity-trading losses incurred in 2007, Kevin Cassidy, Optionable's former chief executive, sa...
Financial Post Mon, 14 Dec 2009 16:10:24 -0500
BOSTON, Dec. 14 -- Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB), a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended September...
Earth Times Mon, 14 Dec 2009 16:10:22 -0500
Executives from top banks arrived at the White House ready for sharp criticism. As Joel Brown reports, bankers weren't too supportive of a new plan that increases the government role as a regulator.
CBS News Mon, 14 Dec 2009 16:08:46 -0500
Agricultural Giant Battles Small Farmers (AP) Confidential contracts detailing Monsanto Co.'s business practices reveal how the world's biggest seed developer is squeezing competitors, controlling sma...
CBS News Mon, 14 Dec 2009 16:08:45 -0500
DUBAI (UAE): Fears had grown that Abu Dhabi would stand by and let Nakheel fail in order to send a message to free-spending Dubai and its bankers that Abu Dhabi would not make good on the excesses ...
Times Of India Mon, 14 Dec 2009 15:44:51 -0500
LONDON: Cadbury teased shareholders with the prospect of rival bids and promised bigger dividends and stronger growth as it again knocked back a £10 billion ($16.2 billion) offer from Kraft Foods....
Times Of India Mon, 14 Dec 2009 15:44:50 -0500
Joseph Weber President Obama continued his tough talk Monday toward U.S. bank executives, suggesting they have paid only lip service to efforts to improve the economy. "We expect them to explore e...
Washington Times Mon, 14 Dec 2009 15:11:28 -0500
US President Barack Obama speaks during a meeting with the members of financial services industries to discuss economic recovery, small business lending, improving lending practices for homeowners and...
Star Tribune Mon, 14 Dec 2009 15:04:18 -0500
NEW YORK - Oil prices fell for the ninth straight day Monday, dipping below $68 per barrel on persistent concerns about high inventories and weak demand. Retail gasoline prices have slipped for week...
Star Tribune Mon, 14 Dec 2009 15:04:16 -0500
RALEIGH, N.C. - A Louisiana-based disaster management consultant said Monday it's moving its headquarters to North Carolina in a move expected to bring 430 jobs to the state in the next six years. I...
Star Tribune Mon, 14 Dec 2009 15:04:15 -0500
Wall Street Systems, the global provider of treasury, trading and settlement solutions and services, has ended its most successful year for treasury by winning in each of the industry’s leading ...
PR Web Mon, 14 Dec 2009 15:02:22 -0500
Royal Bank of Scotland 's bosses are expected to defend the bonus culture tomorrow at a shareholder meeting convened to allow the Edinburgh-based bank to join the government's...
Guardian Mon, 14 Dec 2009 14:53:42 -0500
U.S. mining giant Cliffs Natural Resources Inc. is poised to win the takeover battle for Freewest Resources Canada Inc. after rival Noront Resources Ltd. threw in the towel. That sets the stage f...
Financial Post Mon, 14 Dec 2009 14:40:28 -0500
NEW YORK -- Adobe Systems Inc. reports earnings for its fiscal fourth quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.OVERVIEW: Adobe Syste...
Lexington Herald-Leader Mon, 14 Dec 2009 14:33:16 -0500
-(Dow Jones)- President Barack Obama pressed executives from the country's biggest banks Monday to stop lobbying against his proposed financial regulatory overhaul and help get the U.S. economy back...
Morning Star Mon, 14 Dec 2009 14:24:24 -0500
President Barack Obama has told bankers to increase loans to small and medium-sized businesses.The president was speaking after a meeting - which he described as "candid" - with executives o...
BBC Mon, 14 Dec 2009 14:23:46 -0500
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