Business and Finance News

U.S. stocks end week mixed
Latin America News.Net
Traders knocked off early Thursday ahead of the weekend.
General Motors makes biggest drop on market
Latin America News.Net
In the US, General Motors has plunged 74 percent in the past nine months, giving the Dow Jones Industrial Index its biggest stock decline.
U.S. slips into a bear market
Latin America News.Net
The Dow Jones Industrial Average has slipped into a bear market for the 12th time since 1962.
G8 summit will tackle food crisis
Latin America News.Net
Next week’s G8 summit is likely to concentrate on world food prices.
Bangladesh anti-corruption drive scares investors
Latin America News.Net
The interim government of Bangladesh, in running an anti-corruption drive, has inadvertently caused a slide in Bangladesh's domestic and foreign investment.
Hollywood stars go bust
Latin America News.Net
Famous Hollywood star, Elizabeth Taylor and her business partner, Kathy Ireland, have closed the doors on the House of Taylor Jewelry.
American Airlines prepares to pay unwanted workers
Latin America News.Net
American Airlines, in reducing flights to cover record high fuel costs, says it will probably have to cut 900 flight attendant jobs.
Survey reveals UK money needs
Latin America News.Net
A single person living the UK now requires a pre-tax income of £13,400 to achieve an acceptable standard of living.
German bankers happy with result
Latin America News.Net
German bank, IKB, which nearly went bankrupt after the US subprime housing crisis, has posted an annual loss of just 24 million euros.
US considers sanctions over high Chinese currency
Latin America News.Net
US legislators are still hoping to impose sanctions on China over what they say is its undervalued yuan currency.
US stocks mixed amid another record day for oil
Latin America News.Net
US stock indices saw mixed results Thursday as oil prices continued climbing to record highs and the US economy shed more jobs.
Disney to expand TV interests into Europe
Latin America News.Net
Disney, the iconic US movie and theme-park group is about to launch new European television channels.
NY Jet Chad Pennington selling Muttontown house
Newsday
Muttontown mansion on the market for $4.095 million. The six-bedroom, 7½-bath, brick center-hall Colonial is on 2-plus acres in a private gated compound. The listing agents...
Bourbon producers see amber-colored future
MSNBC
To Wild Turkey master distiller Jimmy Russell, the piercing sounds of a warehouse rising in the Kentucky countryside are the sounds of prosperity."As long as you see work going on...
Nontraditional tenants filling up vacant malls
MSNBC
Community college classes in the old mall movie theater. A DMV office across from the Starbucks. Maybe a local library between the Victoria's Secret and the Gap.Mall and strip center owners are...
Uneven economic data has Wall Street trading in flux
Salt Lake Tribune
2:10 Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame...
Microsoft, Yahoo race to find allies
Times of India
SAN FRANCISCO/NEW YORK: Microsoft and Yahoo have been holding separate talks with other potential media partners after their negotiations with each other broke down, sources familiar with the...
Former Refco CEO sentenced to 16 years in prison
San Diego Union-Tribune
NEW YORK – Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison Thursday for fleecing investors of more than $2.4 billion in a fraud that destroyed the...
GM may bring new mini car to U.S.
MSNBC
GM said bringing the Chevrolet Beat, which is about the size of a Honda Fit or Toyota Yaris mini car, to the U.S. is among the options the company is studying.
Stocks end mixed following jobs, services data
San Diego Union-Tribune
NEW YORK – Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on...
Oil heads past $145 for 1st time
San Diego Union-Tribune
NEW YORK – Soaring fuel costs are taking some of the celebration out of this holiday weekend. Oil prices headed into the busy Fourth of July break by racing past $145 a barrel for the first...
Staffing shares steady after jobs report
Earth Times
U.S. staffing and jobs services companies' shares were little changed on Thursday, after a government report showed employers cut jobs for the sixth straight month...

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