Business and Finance News
- African country becomes recipient of US funds
St Louis News.Net
The government in Ghana has put aside funds for development projects, such as the rebuilding of schools and other buildings destroyed by floods.
- UK government ready to take Royal Bank of Scotland shares
St Louis News.Net
Royal Bank of Scotland shareholders are due to vote on whether to accept a £20bn government bail-out.
- Best US used cars prices revealed
St Louis News.Net
An annual projection of US used car prices has shown Honda and Toyota cars have best resale value.
- Alitalia set for transfer to new owner
St Louis News.Net
The Italian airline, Alitalia, still needs to satisfy the government before the sale to an Italian business group can be completed.
- Dutch bar owners want smoking ban lifted
St Louis News.Net
Cafe and bar owners in the Dutch town of Tilburg have announced plans to identify smoking inspectors on the Internet.
- Dow Jones plunges more than 400 points
St Louis News.Net
U.S. stocks tumbled Wednesday, led by shares in U.S. banks and financial institutions.
- Auto executives blasted over private jet use
St Louis News.Net
A private citizens group in the US has objected to the use of luxury jets, which flew US auto executives to Washington.
- Federal Reserve looks at interest rates
St Louis News.Net
The US Federal Reserve has said the US will face the likelihood of significant weakness in the economy, and has suggested additional policy easing in interest rates could well be appropriate.
- US mortgage applications on the slide
St Louis News.Net
Applications for US mortgages have gone down by volume, to a seasonally adjusted 6.2 percent.
- Boeing announces more job cuts
St Louis News.Net
Boeing has announced it will cut about 800 jobs from its defence unit in Wichita, Kansas.
- Republicans wary of car deal
St Louis News.Net
Republican senators in the US have told the US car industry it should consider bankruptcy protection rather than a government bailout.
- Largest brewer closes Budweiser deal
St Louis News.Net
The world's largest brewer, InBev, has informed the market it has completed its $52 billion takeover of Anheuser-Busch.
- Tata Steel to improve output
St Louis News.Net
India’s Tata Steel has said it plans to double its profit margins over the next five years.
- Barclays bankers to leave bonuses in the pot
St Louis News.Net
The executive of Britain's second largest bank, Barclays, has announced there will be no bonuses this year.
- Meditation and yoga prescribed for Wall Street brokers
St Louis News.Net
The constant fluctuations on Wall Street can grate on even the toughest businessman's or businesswoman's nerves.
- Dow falls to five-year low
St Louis News.Net
US stocks slid more than 5 percent Wednesday, taking the Dow Jones Industrial Average below the 8,000 mark for the first time in five years, amid gloomy financial news and fear for US automakers.
- Microsoft rules out new takeover bid for Yahoo
St Louis News.Net
Microsoft CEO Steve Ballmer Wednesday ruled out a new takeover bid for troubled web portal Yahoo, but stressed that the software giant was still interested in partnering with Yahoo on search-related products.
- Pirates board Greek ship in dangerous waters
St Louis News.Net
Somali pirates have seized another ship; a Greek bulk carrier.
- Roll- Royce to cut further 2,000 jobs
Guardian
Rolls-Royce plans to make up to 2,000 workers redundant in response to the economic slowdown and delays on some of its most lucrative contracts, its chief executive Sir John Rose said today. It will...
- The fizz has gone from Macau
Financial Post
The last Friday in August was a particularly humid evening, and the women among the socialites bound for Macau shimmered in strappy dresses, while the men wore their shirts tieless and open-collared...
- CTV Inc. latest media player to pull back costs
Financial Post
The chief executive of the country's largest private broadcaster said on Tuesday the "curent status quo" cannot be maintained and that there will be layoffs and spending cuts at CTV Inc. in...
- BASF issues profit warning, cuts global output
Financial Post
BASF, the world's largest chemicals maker by revenue, cut its profit outlook for 2008 and announced cutbacks in production, citing a "massive" decline in demand in key...
- Canada Internet decision due Thursday
Financial Post
The Canadian Radio-television and Telecommunications Commission is set to make a landmark decision on the future of how Canadians use their Internet on Thursday morning.The ruling, expected to be...
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