Business and Finance News
- 30-year mortgage rates rise in US
Britain News.Net
Mortgage rates have risen in the US over the past week with 30-year mortgages climbing to the highest level in nearly a year.
- Economists say Europe is flat
Britain News.Net
Economists have warned that the 15-nation eurozone economy is teetering on the brink of recession.
- Microsoft to power Facebook search ads
CNet
Updated at 12:30 p.m. PDT with more details on the search deal. In the coming months, Facebook will begin powering its Web search and related sponsored text links with Microsoft's technology, in an...
- Daimler finds car market unresponsive
Britain News.Net
German car maker Daimler has cut its full-year profit forecast on Thursday owing to a recent deterioration in auto markets.
- BP brings Russian executive home
Britain News.Net
UK oil company, BP, has withdrawn its chief executive from Russia after he suffered harassment by the company's Russian shareholders.
- Another crane death reported in US
Britain News.Net
Another industrial crane has collapsed in the US, crushing a car and killing an 80-year-old man who was in his vehicle.
- Cuomo shocks bank with lawsuit
Britain News.Net
New York’s Attorney General, Andrew Cuomo, has filed a civil lawsuit against Swiss bank UBS AG.
- Ford to try new approach after poor profits
Britain News.Net
The Ford Motor Company, an icon of American carmaking, has reported its worst-ever quarterly loss.
- Asian stocks fall, haunted by growth fears
Inquirer
Close this - Asian stocks fell on Friday, halting a four-day rally, after weak US housing and jobs data and volatility in the financial sector once again reminded investors of the fragile...
- Asian, European markets fall, tracking Wall Street drop amid US financial worries
Canadian Business
Louise Watt 2008 - 08:58 a.m. - European and Asian stock markets fell Friday, as an overnight drop on Wall Street and more concerns about the U.S. housing and financial...
- Tokyo stocks open sharply lower on Wall Street decline+
Breitbart
Kyodo)—Tokyo stocks opened sharply lower Friday as a wide range of issues, including financials and export-oriented shares, drew selling following overnight falls in U.S....
- Flextronics posts higher fiscal 1st-qtr profit
CNBC
All Associated Press news Singapore-based electronics manufacturing services provider Flextronics International Ltd. said Thursday its fiscal first-quarter profit jumped despite a...
- Windows 7 on track
CNet
... remains on track. The company has officially said it would ship by but top executives have also said from time to time that it would be done by the end of 2009. "The product is...
- Microsoft plans big investments in search
MSNBC
Ballmer didn't disclose dollar amounts Thursday, but indicated Microsoft would focus the bulk of that investment on search technology, data center infrastructure, Web indexing and marketing, and...
- Updates, advisories and surprises
Market Watch
... the Towson, Md., toolmaker, reported second-quarter net income fell 22% on 3.4% lower revenue. Earnings fell to $96.7 million, or $1.61 a share, from $118 million, or $1.80, in the year-earlier...
- Northwest Natural Gas earnings rise on gain
Earth Times
... reported a 26 percent rise in quarterly profit, mainly on a gain from the sale of an airplane.For the second quarter, the company reported net income of $3.3 million, or 12 cents a share, compared...
- Microsoft Flashes Its Ruby Bling
eWeek
Microsoft officials are continuing to push their open-source IronRuby effort to deliver an implementation of Ruby that runs on the .Net Framework, making several announcements July...
- Why Wall Street is down on media stocks
Market Watch
Wall Street will continue to shun media stocks as long as the industry fails to come up with a way to maximize profits from the Internet.
- Russian stock markets plunge
Associated Press
MICEX, the exchange where the bulk of trading in Russian stocks takes place, plunged by 4.8 percent as of 12:20 p.m. Russian time, while the RTS, a top stock index, lost 4.4 percent to drop beneath...
- DexCom Schedules Second Quarter 2008 Earnings Release and...
CNBC
Management will hold a conference call to review the ...
- Samsung earnings boosted by flat-panel TVs
CNN Money
South Korea's Samsung Electronics said Friday that second-quarter net profit grew 51 percent compared with the same quarter last year led by its liquid crystal display...
- Mortgage tax revenue down about 42% for LI
Newsday
Long Island plunged by about $94 million, or 42 percent, in the first half of this year compared with the same period in 2007, a result of continued weakness in the real estate market and a soft...
- Microsoft executives say they
Los Angeles Times
Microsoft Corp. executives ruled out an acquisition of Yahoo Inc. on Thursday, even as they acknowledged that the Internet company would have provided a needed boost in online...
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