Business and Finance News
 Fund-poor schools close in Missouri
Brunei News.Net
In the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat financially. Forbes says Gates no longer the world's richest
Brunei News.Net
Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 per cent over the last year. Citigroup Ceo Says Bank On Path To Profitability
Sign on San Diego
NEW YORK Citigroup Inc. CEO Vikram Pandit says the bank is on a path toward "sustained profitability" as it sheds risky assets and focuses on emerging markets. Pandit says the bank sees b... Walt Disney Bets On Southern Audience
The Hindu
MUMBAI: The Walt Disney Company in India on Thursday announced its first locally developed studio project aimed specifically at southern audiences. The yet to be named epic fantasy adventure is to be ... Microsoft Tries To Lure Netsuite Users With New Deal
Computerworld
IDG News Service - Microsoft is offering financial enticements to customers of on-demand ERP vendor NetSuite to switch over to Microsoft's Dynamics family of business applications. NetSuite customers ... House, Senate Leaders Agree On Most Of Health Bill
Business Week
March 11 (Bloomberg) -- House and Senate leaders have agreed on most elements of legislation needed to push forward President Barack Obama’s proposed overhaul of the U.S. health- care system, to... Cboe Files To Sell As Much As $300 Million In Ipo
Business Week
March 11 (Bloomberg) -- The Chicago Board Options Exchange, the largest U.S. equity derivatives market and the last major member-owned American bourse, filed to sell as much as $300 million in stock i... Home Equity Lending That Fueled Spending To Recover
Business Week
March 11 (Bloomberg) -- John Hale’s four-bedroom house near Seattle is worth about $2 million and is 90 percent paid for. It still took him nine months to find a bank that would give him a $250,... Regulator Faults Wall Street Banks On Derivatives
The Seattle Times
Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said Thursday... Asset Sale Boosts Piedmont Earnings
Business Journal
Inc. reports net income of $113.7 million, or $1.55 per diluted share, its first fiscal quarter that ended Jan. 31. The Charlotte-based company, which provides service throughout the Triad, earned $80... Regulator Faults Wall Street Banks On Derivatives
Sify
A federal regulator says Wall Street banks are seeking exemptions to proposed new rules for financial derivatives that could shield more than half the trades in the complex instruments that should be ... Unions Map ‘make Wall Street Pay’ Blitz On Goldman
Business Week
Did they realize, Trumka asked, that Wall Street bankers gave their employees $16.2 billion in bonuses? “If you and your fellow workers had a chance to talk to some of those Wall Street people, ... Us Trade Deficit In Surprise Fall
BBC
The US trade deficit fell unexpectedly in January, following a big drop in imports of oil and foreign cars.The US Commerce Department said the trade gap was a seasonally adjusted $37.3bn (£24.9b... Union Threatens To Ballot Ba Ground Staff
Sky News
British Airways is facing a second potential dispute, with the Unite union threatening to ballot ground staff over proposed changes to working practices, Sky sources say. Hsbc Data Theft Hits 15,000 Rich Customers
Sky News
Banking giant HSBC has apologised after revealing that details of 15,000 wealthy customers who held accounts with its Swiss private bank were stolen by an employee. Regulator Faults Wall Street Banks On Derivatives
Associated Press
WASHINGTON (AP) -- Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regu... Google Reader Play: Ipad-friendly News Reader
Wired News
Google has added an iPad-friendly version of its RSS aggregator, called Google Reader Play. According to the official Google Reader blog, the new full-screen slideshow is for people who “aren’... Northrop Sees Work Slowdown At Maryland Plant
Fox Business
SAN FRANCISCO -- Northrop Grumman Corp. said Thursday that it expects to a see a lull in work at its maintenance and modification center in Hagerstown, Md. About 180 employees will be affected. North... Copper, Gold End With Slight Gains
Fox Business
NEW YORK -- Copper futures finished with slight gains on Thursday, receiving a boost after Chile, the world's largest producer of the metal, was hit by aftershocks to last month's earthquake. Copper ... Pulte To Buy Back Damaged Texas Homes
Fox Business
PHM ) offered to purchase 27 San Antonio homes damaged by a January retaining-wall collapse that created crevices up to 15 feet deep and eight feet wide. The builder will also erect a new wall, a si... Tech Stocks: Broad-market Weakness Hinders Tech Stocks
Fox Business
Technology stocks continued to waver in afternoon trading Thursday as the sector got caught up in the broader market's marginal losses, fueled by rising prices and China and ever-present concerns abo... Ecuador's Esmeraldas Refinery To Shut Down For 15 Days
Fox Business
QUITO -(Dow Jones)- Ecuador's state-owned Esmeraldas refinery will close for a 15-day maintenance period Friday, said the country's minister of nonrenewable natural resources, Germanico Pinto. At a p... Update: Devon, Bp Deal Highlights Strong Asset Market
Fox Business
DVN ) deal to sell off the bulk of its offshore and international assets to U.K. oil giant BP PLC (BP, BP.LN) for $7 billion will help it raise more money than the company expected from its asset di... Citigroup Sees Return To Sustained Profitability
Reuters
C.N ) Chief Executive Vikram Pandit told investors on Thursday that the bank is on track to return to sustained profitability, and that losses from some of its worst assets should be manageable if the... Fed Seen Keeping "extended Period" Low Rate Vow
Reuters
(Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low f... Clairvest Loses Bid For Aqueduct Gaming Licence
Financial Post
Gamers play the slot machines at the Empire City Casino in Yonkers, New York. The Aqueduct Entertainment Group consortium was denied a licence to operate a similar facility at Queens. N.Y. track. Emerging Markets Urged To Learn From Canada's Past
Financial Post
Bank of Canada governor Mark Carney said Thursday emerging economies should allow their currencies to appreciate, in an effort to unwind massive trade imbalances and ensure global economic growth. Td's Don Drummond To Retire
Financial Post
OTTAWA -- Don Drummond, the chief economist at Toronto-Dominion Bank and much-quoted analyst on matters related to federal fiscal policy, will retire at the end of June, the bank announced Thursday. ... Bp To Pay Devon Us$7-billion For Oil Fields
Financial Post
LONDON -- London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields. The compa... Hopes For Financial Reform Dim As U.s. Deal Fails
Financial Post
Senator Bob Corker said the White House's efforts to push through sweeping healthcare reforms at the same time lawmakers were grappling with rewriting financial regulations derailed the talks. Toronto Stocks Flat As Economic Data Fails To Impress
Financial Post
An array of economic data coming forth on Thursday, from Canada and elsewhere, failed to give stocks any obvious signal of which way to turn. At midday, the Toronto Stock Exchange's S&P/TSX compo...
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