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Bleak payrolls report mauls Wall St; volume thin
Categorie : World Business NewsNEW YORK (Reuters) - Stocks tumbled on Thursday, driving the Samp;P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects.div class="feedflare" a href="http://feeds.reuters.com/~ff/reuters/businessNews ...
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Thu Jul 2009
U.S. job losses spike in June, dampen recovery hopes
Categorie : World Business NewsWASHINGTON (Reuters) - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a long, slow recovery from recession.div class="feedflare" a href="http://feeds.reuters.com/~ff/reuters/businessN ...
read more Thu Jul 2009
Earnings to set tone for stocks in week ahead
Categorie : World Business NewsNEW YORK (Reuters) - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.div class="feedflare" a href="http://feeds.reuters.com/~ff/reuters/ ...
read more Thu Jul 2009
Fate of GM in hands of bankruptcy judge
Categorie : World Business NewsNEW YORK (Reuters) - A federal bankruptcy judge will decide the immediate fate of General Motors Corp's effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing concluded on Thursday.div class="feedflare" a href="http://feeds.reuters.com/~ff/re ...
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Magna board set to approve Opel plans: sources
Categorie : World Business NewsFRANKFURT (Reuters) - Magna's board of directors is scheduled to approve on Tuesday a business plan for the acquisition of German carmaker Opel, two sources familiar with the matter said on Thursday.div class="feedflare" a href="http://feeds.reuters.com/~ff/reuters/businessNews?a=wV8g5Ccb4sk:Gwvmqk ...
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U.S. home prices seen down over 40 percent: Barclays
Categorie : World Business NewsNEW YORK (Reuters) - U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said.div class="feedflare" a href="http://fee ...
read more Thu Jul 2009
U.S. marshals seize Madoffs' $7 million NY apartment
Categorie : World Business NewsNEW YORK (Reuters) - U.S. marshals seized the luxury $7 million New York City penthouse apartment of imprisoned fraudster Bernard Madoff and his wife, Ruth, officials said on Thursday.div class="feedflare" a href="http://feeds.reuters.com/~ff/reuters/businessNews?a=tE7lzfx-pWg:fC0UBA90hMA:yIl2AUoC8z ...
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FDIC proposes tough private equity guidelines
Categorie : World Business NewsWASHINGTON/NEW YORK (Reuters) - Private equity groups seeking to buy failed U.S. banks would have to maintain very high capital levels and remain owners for three years under tough guidelines proposed on Thursday that some bank regulators fear could deter needed investment.div class="feedflare" a hr ...
read more Thu Jul 2009
Warren Buffett donates $1.5 billion Berkshire shares
Categorie : World Business NewsNEW YORK (Reuters) - Billionaire investor Warren Buffett has donated about $1.5 billion of Berkshire Hathaway Inc stock, in connection with his 2006 pledge of his holdings to charitable causes.div class="feedflare" a href="http://feeds.reuters.com/~ff/reuters/businessNews?a=FqOs5UtGVOA:qECEuJQPvRM ...
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Web retailers, states tussle over tax rules (AP)
Categorie : World Business NewsAP - In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence. ...
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Conviction reversed in web hoax that led to suicide (AFP)
Categorie : World Business NewsAFP - A woman who was convicted of computer fraud in an Internet hoax that led to the suicide of 13-year-old girl was tentatively acquitted Thursday by a federal judge. ...
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Mac News Briefs: BenVista releases PhotoZoom Pro 3 photo enlarger (Macworld.com)
Categorie : World Business NewsMacworld.com - BenVista has released the latest version its photo enlargement sofware, PhotoZoom Pro 3. ...
read more Thu Jul 2009
Hybrid Cellular Satellite Will Boost Rural Coverage (NewsFactor)
Categorie : World Business NewsNewsFactor - European space transportation provider Arianespace launched its largest satellite ever on Wednesday on behalf of TerreStar Networks -- a Virginia-based company that intends to inaugurate a hybrid satellite/cellular service in the United States and Canada later this year. ...
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Xbox 360 Dashboard Ads to Get Animation, Audio (PC World)
Categorie : World Business NewsPC World - What's worse than paying $50 a year more than Games For Windows Live gamers, just to play Xbox 360 games online? ...
read more Thu Jul 2009