Business and Finance News
- Heavy losses on Wall Street
Vancouver News.Net
U.S. stocks closed sharply lower Thursday after spending the day in and out of positive territory.
- Bernanke asks for homeowner mortgage relief
Vancouver News.Net
Federal Reserve Chairman Ben Bernanke has said he wants more steps taken to halt home foreclosures.
- House values fall sharply in Britain
Vancouver News.Net
The value of homes in Britain has fallen at an average of US$147 every day from the first of the year through November.
- Merger on the cards for GM and Chrysler
Vancouver News.Net
General Motors and Chrysler have suggested they could open merger talks.
- Bangkok airport buzzing again
Vancouver News.Net
Bangkok's international airport has almost returned to normal.
- Cemex complains about Venezuelan takeover
Vancouver News.Net
Mexico's Cemex, the world's third largest cement producer, has asked for World Bank arbitration over Caracas's nationalisation of its Venezuelan operations.
- Japanese oil firms in combined cut
Vancouver News.Net
Japan's top refiner, Nippon Oil has decided to cut oil production.
- Central banks cut European rates
Vancouver News.Net
Interest rates have been slashed by some Central banks in Europe.
- Argentina takes back national airline
Vancouver News.Net
The expropriation of Argentina’s largest airline from its Spanish owners has been supported by parliament.
- United Airlines mechanics told they will be leaving after Christmas
Vancouver News.Net
United Airlines mechanics are being culled earlier than expected and some will lose their jobs in January.
- Wall Street falls on weak economic data
Vancouver News.Net
New York, (Xinhua) Stock prices on the Wall Street fell Thursday on disappointing US economic data and downbeat earnings.
- Computer projections disappointing for shippers
Vancouver News.Net
Projections of computer sales have been downgraded, with worldwide shipments of PCs to rise just 3.8 percent in 2009.
- Behind on payments, with 56 days to sell up
Guardian
Jassette Donaldson, 53, a checkout assistant from Leytonstone, east London, who has fought for months to keep her three-bedroom house, is not sure if the government's repossession scheme will help...
- New Star fund management crashes
Guardian
Making money appears to be John Duffield's main motivation in life. For his secretaries and star fund managers, the maverick entrepreneur is able to claim that he knows how to create wealth. At least...
- Halifax errors that cost a saver time and worry
Guardian
This curious tale begins with a letter from the Halifax. In it, Marjorie Savill was informed that as the passbook for her Isa account had been lost she would have to submit application forms to open...
- Morrisons triumphs over Tesco with sales leap
Guardian
Morrisons , Britain's fourth-biggest supermarket chain, yesterday announced a better than expected 8.1% leap in third-quarter sales, in stark contrast to the poor performance of bitter...
- Wall Street reacts calmly to more bad news
eTaiwan News
Wall Street showed further signs of stability Thursday as investors calmly took in a flurry of downbeat economic and corporate data and largely held on to the gains they have made for more than a...
- BofA-Merrill merger vote may change Wall Street
eTaiwan News
When shareholders vote on Bank of America Corp.'s acquisition of Merrill Lynch & Co. on Friday, they are expected to transform the bank into a business befitting its name and change the face of Wall...
- Microsoft taps Yahoo executive Qi Lu to lead web business
C News
Microsoft Corp. on Thursday tapped a former Yahoo search executive to lead its online push, adding to the intrigue surrounding a possible search partnership between the two rivals. ...
- Ministers meet banks to thrash out two-year mortgage interest holiday
Guardian
Mortgage lenders were last night demanding clarity on the fee they would be charged for the government's two-year guarantee on missed mortgage payments to help struggling homeowners.At a meeting...
- Microsoft snags 63 online counterfeiters
Infomatics
Microsoft has taken legal action against 63 online auctioneers spanning 12 countries, for alleged trademark infringement and the international orchestration of marketing schemes involving the sale...
- Understanding but no consensus on auto bailout
Reuters
Most lawmakers want to help Detroit, but existing bailout proposals are stuck in a political gridlock between administrations, with President George W. Bush a lame duck, and President-elect Barack...
- Auto crisis may be the ultimate Catch-22
Financial Post
It may be the ultimate Catch-22 for U.S. and Canadian lawmakers.If they don't help the Detroit three manufacturers survive the worst sales environment in 25 years by throwing them a lifeline worth...
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