Business and Finance News

Mortgage bill may face presidential veto
Jordan 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
Jordan 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
Jordan 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
Jordan News.Net
The Indian government has banned futures trading in four commodities to tame inflation.
Indian minister gives bio-fuels the thumbs down
Jordan 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
Jordan News.Net
EU consumer protection officials have warned consumers that they are being defrauded by some online ticket sellers.
Wall Street falls at open after AIG loss
Earth Times
Stocks dropped at the open on Friday, with the Dow briefly falling more than 1 percent early, after American International...
Best Buy buys Carphone Warehouse
Jordan 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
Jordan 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
Jordan News.Net
The International Monetary Fund has adjusted its forecasts for the global economic growth in 2008 downward to below four percent.
Citigroup targets shedding $400 billion assets
Earth Times
... on Friday said it intends to shed $400 billion of assets over the next two to three years, in a drive to become more efficient.In slides posted on the largest U.S. bank's web site, Citigroup said it...
Pandit to reveal turnaround strategy for Citigroup
Jordan 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
Jordan 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
Jordan News.Net
Stocks rose on Wall Street Thursday pushed by commodity producers as oil and metals prices continued to rise.
Google Wants a Yahoo Ad Deal
Wired News
Google Inc.'s top executives expressed hope Thursday that the Internet search leader will be able to form a potentially lucrative advertising partnership with Yahoo Inc....
Priceline surges following strong earnings, outlook
Market Watch
For its second quarter, Priceline said it expect to report earnings of $1.25 to $1.40 a share before items, and full-year earnings of between $5.25 and $5.65 a share. Wall Street analysts had...
Microsoft to release Office 2007 SP1 via Automatic Update in June
Beta News
Five months after the first service pack for Office 2007 was made generally available to customers, the company has determined it will be safe to provide it over its automatic update service.The...
Skull Used As A Bong
Sky News
Gang used skull as bong The tomb raiders are believed to have desecrated a grave belonging to Willie Simms, an 11-year-old boy who died in 1921.Officers in Texas had been working on a stolen...
Teen Has Grand Theft Auto Copy Robbed
Sky News
Teen had just bought GTA game The 18-year-old was left with a broken jaw after his copy of the new Grand Theft Auto IV game was snatched close to his home in Leyland, Lancashire.He was pounced on...
March trade deficit drops by bigger-than-expected amount
San Diego Union-Tribune
WASHINGTON &#8211; The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. The Commerce Department reported Friday...
Circuit City to open its books to Blockbuster
Reuters
Last month, Blockbuster disclosed that it offered to acquire Circuit City for $6 to $8 a share in February. But Circuit City responded that while it was open to pursuing further talks, it was...
Housing aid bill faces veto by President Bush
San Diego Union-Tribune
WASHINGTON &#8211; Democrats' plans to help hundreds of thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be sidetracked by President Bush's...
Microsoft appeals EU fine
International Herald Tribune
Microsoft said Friday that it was appealing against a record &#8364;899 million fine imposed by the European Commission for using high prices to discourage software competition. "Microsoft today...

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