Business and Finance News

Mortgage bill may face presidential veto
Brunei News.Net
The US House of Representatives has approved a bill designed to stem the tide of home foreclosures due to the subprime mortgage crisis.
Greenspan believes economy is stabilising
Brunei News.Net
Former Federal Reserve Chairman Alan Greenspan has said he believes the worst of the credit crisis is over.
Russian steel producer buys US factory
Brunei News.Net
Russia's largest steel producer Severstal has said it had finalised a deal to purchase the US-based Sparrows Point steel mill from ArcelorMittal for US$810 million.
Futures trading banned in India
Brunei News.Net
The Indian government has banned futures trading in four commodities to tame inflation.
Indian minister gives bio-fuels the thumbs down
Brunei News.Net
Indian Minister of State for External Affairs Anand Sharma has taken a dig at US president, George Bush, to emphasise his points on the global food crisis.
Airlines give bad online advice
Brunei News.Net
EU consumer protection officials have warned consumers that they are being defrauded by some online ticket sellers.
Insurer AIG posts 1st-quarter loss on write-downs
Reuters
AIG said on Thursday its first-quarter net loss was $7.81 billion, or $3.09 a share, compared with net income of $4.13 billion, or $1.58 a share, a year earlier.
Best Buy buys Carphone Warehouse
Brunei News.Net
America’s Best Buy brand will begin opening in the UK next year, to take on the European consumer electronics market with its new acquisition, Carphone Warehouse.
Hong Kong is wine lovers city
Brunei News.Net
Hong Kong's trade development body expects the Asian wine market to expand by 10-20 per cent over the next five years.
IMF downgrades economic forecasts
Brunei News.Net
The International Monetary Fund has adjusted its forecasts for the global economic growth in 2008 downward to below four percent.
Pandit to reveal turnaround strategy for Citigroup
Brunei News.Net
Vikram Pandit, chief of the troubled Citigroup, is set to reveal his revival strategy to investors and he is expected to emphasise on the business model.
Boeing expects to be sued
Brunei News.Net
Boeing is expecting a compensation claim from Qatar Airways over a delay in the delivery of its 787 Dreamliner.
US stocks rise led by oil, metal prices
Brunei News.Net
Stocks rose on Wall Street Thursday pushed by commodity producers as oil and metals prices continued to rise.
Microsoft frees rival slate from Yahoo commitment
Reuters
Microsoft Corp has released the nominees on its rival slate from their commitment to stand for election to Yahoo Inc's board in the event of a proxy fight, a source familiar...
Subdued End to the Week
CNBC
Adjusted basic earnings per share for the 12 months to the end of February fell to 32.2 euro cents.That compared with the 29.7 euro cents average of 14 analysts' forecasts on Reuters Estimates...
IBM Offers Free Alternative to Microsoft Office
RedOrbit
Posted on: Thursday, 8 20:46 CDT For those who hate shelling out big bucks for programs like Microsoft Office Suite — the full standard version is listed on Amazon at upwards of...
Microsoft Sends Off Its Yahoo Board Nominees
Web Pro News
David A. Utter - Fri, 05/09/2008 - 6:49am. Takeover effort looks abandonedPeople who would have voted in favor of Microsoft's bid for Yahoo, were they on the Yahoo board, no longer need to wonder if...
Microsoft grows DAISY for blind computer users while Adobe wilts
Computerworld
... from openxmlcommunity.org ) that lets users of Word 2007, 2003 and XP easily save documents in the DAISY (Digital Accessible Information SYstem) XML format. DAISY XML is the latest iteration of a...
Microsoft and Dell back in patent hot seat
CNN Money
A federal appeals court on Thursday reinstated one of two patent cases tossed out last year in the ongoing user-interface technology dispute pitting Alcatel-Lucent against...
Citigroup may unveil $400 bln asset sales
Business Times
Citigroup Inc, hard hit by the global credit crunch, is expected to present plans to sell roughly $400 billion of extraneous assets when it meets with investors and analysts on Friday...
Microsoft shifts focus after Yahoo deal collapses
Associated Press
Microsoft Corp. will focus on growing its own advertising and Internet search business after it withdrew its takeover offer for Yahoo Inc., Chairman Bill Gates said Friday.
Guinness Firm Splashes Out On New Brewery
Sky News
The iconic brewery in Dublin The firm is to spend £520m building a new brewery outside Dublin and renovating the present one at St James's Gate.Part of the St James's site is to be sold but it...
Updates, advisories and surprises
Market Watch
... said it swung to a first quarter profit of $33.7 million, or 13 cents a share, with revenue up 5% to $229.5 million, on increased sales of Loestrin 24 FE, Doryx, Taclonex and Femcon FE. It lost...

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