Top Stories: Dubai Financial Market has announced it will buy the city’s rival exchange operator Nasdaq Dubai. Big News Network.com Wed, 23 Dec 2009 04:17:28 -0500A record US$108 million has been paid for a shop in one of Hong Kong’s busiest districts. Big News Network.com Wed, 23 Dec 2009 04:15:41 -0500OPEC oil producers will allow supply curbs to remain in place after this week’s meeting. Big News Network.com Wed, 23 Dec 2009 04:03:08 -0500French tax evaders will continue have data stolen from a Geneva private bank used against them. Big News Network.com Wed, 23 Dec 2009 03:59:14 -0500A third credit ratings agency has downgraded Greek government bonds. Big News Network.com Wed, 23 Dec 2009 03:57:02 -0500The price of a first-class stamp in the UK is on the rise. Big News Network.com Wed, 23 Dec 2009 03:55:17 -0500U.S. stocks were higher Tuesday even though GDP for the third quarter grew at a less than expected rate. Big News Network.com Tue, 22 Dec 2009 14:59:32 -0500The winter weather has continued to cause havoc across Europe with hundreds of flights having to be cancelled. Big News Network.com Tue, 22 Dec 2009 19:22:39 -0500Poor weather throughout the tea manufacturing world has driven prices upward. Big News Network.com Tue, 22 Dec 2009 19:16:57 -0500Swedish union IF Metall has called on the Swedish government to support a bid to buy Saab from US car maker General Motors. Big News Network.com Tue, 22 Dec 2009 19:11:40 -0500The Ford Motor Co in the US has offered over 40,000 factory workers special buyouts to reduce its payroll costs. Big News Network.com Tue, 22 Dec 2009 08:11:55 -0500Singapore and the European Union are going to enter negotiations for a free trade deal. Big News Network.com Tue, 22 Dec 2009 07:46:28 -0500The Office of Fair Trading in the UK has decided it will drop its investigation into bank overdraft charges. Big News Network.com Tue, 22 Dec 2009 07:38:33 -0500The Federal Bureau of Investigation in the US has been asked to investigate whether hackers specifically targeted Citigroup to steal tens of million of dollars. Big News Network.com Tue, 22 Dec 2009 04:06:41 -0500President Barack Obama is sitting down on Tuesday with representatives of small and community banks. Big News Network.com Tue, 22 Dec 2009 04:00:16 -0500New York, Dec 23 (DPA) US stocks were up Tuesday after the government reported that the economy grew in the third quarter, although at a slower-than-expected rate. IANS Tue, 22 Dec 2009 23:50:02 -0500Toronto, Dec 23 (IANS) Upholding patent-infringement charges by a small Toronto firm agaist Microsoft Tuesday, a US appeals court ordered the software giant to stop selling Word by Jan 11 and pay $290 million in damages. IANS Tue, 22 Dec 2009 22:00:02 -0500The Treasury Department says Lloyds TSB Bank PLC has agreed to a $217 million settlement stemming from claims the bank manipulated money transfers to allow customers to skirt U.S. financial sanctions ... The Ledger Wed, 23 Dec 2009 05:39:02 -0500MIAMI - Health care providers are rolling out a different sort of stocking stuffer: Gift cards that can be used to pay bills and insurance premiums or for specific services at eye doctors and dentist... Star Tribune Wed, 23 Dec 2009 05:37:47 -0500FRANKFURT (MarketWatch) -- Oil futures traded higher on Wednesday, as an industry report showed U.S. petroleum inventories declined last week, buoying hopes that demand will recover. Crude oil fo... MarketWatch Wed, 23 Dec 2009 05:31:45 -0500Royal Mail said it was doing "everything possible" to ensure the post arrived on time, but the icy conditions meant some addresses were unreachable."More than 95% of Royal Mail's operation is working ... Guardian Wed, 23 Dec 2009 05:27:49 -0500American users of Blackberry mobile phones are wringing their hands in frustration after the second outage in a week left them unable to receive emails. Sky News Wed, 23 Dec 2009 05:11:37 -0500LONDON -- Spanish television firms Telecinco and Antena3 were upgraded to hold from underperform by Jefferies International on Wednesday. "The likely consolidation of the Spanish TV market from four ... Fox Business Wed, 23 Dec 2009 05:04:06 -0500LONDON -- Members of the Bank of England's Monetary Policy Committee unanimously backed the decision earlier this month to maintain the size of the bank's asset-purchase plan at 200 billion ($318.7 b... Fox Business Wed, 23 Dec 2009 05:04:04 -0500LONDON -- Silver miner Fresnillo said Wednesday that Minera Penmon, its 56% owned joint venture with Newmont Mining Corp., has submitted a binding proposal to buy Canplats Resources Corporation for C... Fox Business Wed, 23 Dec 2009 05:04:02 -0500FRANKFURT -- Goldman Sachs initiated coverage of South Africa-based Gold Fields with a buy rating and it also upgraded Harmony Gold Mining to buy from neutral. "Harmony and Gold Fields have a high ex... Fox Business Wed, 23 Dec 2009 05:04:00 -0500LONDON -- European shares rose to fourteen-month highs in the last full trading day before the Christmas break, helped by gains from miners such as Rio Tinto , up 1.3%, and Vedanta Resources , up 1.1... Fox Business Wed, 23 Dec 2009 05:03:58 -0500LOS ANGELES -- The People's Bank of China said Wednesday that the economy recovery is still insufficient and that correcting structural problems for the nation's growth is urgent. "Our nation's econo... Fox Business Wed, 23 Dec 2009 05:03:56 -0500(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.25 percent and Nasdaq 100 futures up ... Reuters Wed, 23 Dec 2009 05:03:23 -0500The FBI is investigating a hacker attack on Citigroup that led to the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday. The bank strenuously denied the report. (Dec. 22)... Gadsden Times Wed, 23 Dec 2009 04:45:02 -0500December 4, 2009 Banking group Absa (advised on Friday that its headline earnings per share (HEPS) for the year ending 31 December 2009 are expected to be between 25% and 35% lower than that reported ... Business Report Wed, 23 Dec 2009 04:39:31 -05003M today announced that it will webcast its fourth-quarter 2009 earnings conference call on Thursday, Jan. 28, 2010, at 8 a.m. Central time. CNBC Wed, 23 Dec 2009 04:33:27 -0500LOGI today announced that it will release quarterly financial results on Wednesday, Jan. 20, 2010 at 10 p.m. Eastern Standard Time and Thursday, Jan. 21, 2010 at 4:00 Central European Time. CNBC Wed, 23 Dec 2009 04:33:27 -0500Venezuela has imposed sweeping power cuts on industry and businesses in order to save its limited energy resources and avoid mass blackouts.The government said the cuts were because of falling water l... BBC Wed, 23 Dec 2009 04:32:54 -0500PORTLAND, Ore. ? Wal-Mart is going to give it another try in Portland. The mega-retailer announced plans Tuesday to build a second Portland store on the northern edge of the city where it c... Sign on San Diego Wed, 23 Dec 2009 04:03:58 -0500WASHINGTON - The costs of health care reform being pushed through Congress by Democrats will be felt long before the benefits. Proposed taxes and fees on upper-income earners, insurers, even tanning... Star Tribune Wed, 23 Dec 2009 03:57:16 -0500A federal appeals court ordered Microsoft Corp. to stop selling its Word program in January and pay a Canadian software company $290 million for violating a patent, upholding the judgment of a lower c... eTaiwan News Wed, 23 Dec 2009 03:52:56 -0500Campaign rapped by the watchdog for making misleading claims that films were available on the service before Sky Movies. Created by ad agency AMV BBDO... Guardian Wed, 23 Dec 2009 03:46:18 -0500Congress pledged to tighten regulations on Wall Street after its role in the recession. The industry is reaching into its deep pockets to shape the financial reform legislation to its liking. Christian Science Monitor Wed, 23 Dec 2009 03:43:02 -0500PARIS, Dec 23 (Reuters) - European equity index futures pointed to a higher open on Wednesday as stocks extend a sharp two-day session, tracking gains on Wall Street where strong U.S. housing figure... CNBC Wed, 23 Dec 2009 03:42:25 -0500CHESHUNT, ENGLAND, December 23, 2009 /24-7PressRelease/ -- Tesco Wine has launched a new iPhone app especially for anyone who has ever wished they could pick the perfect wine, tasted a classy claret a... 24 / 7 Press Release Wed, 23 Dec 2009 03:31:59 -0500— China's stocks fell, making the benchmark index the world's worst performer, on concern the government will step up measures to prevent asset bubbles. Industrial and Commercial Bank of Ch... Business Week Wed, 23 Dec 2009 03:30:46 -0500Dec. 23 (Bloomberg) -- Asian stocks rose for a second day and the dollar traded near a three-month high against the euro on signs economies around the world are improving. Oil traded above $74 a barre... Business Week Wed, 23 Dec 2009 03:30:41 -0500, an Italy-based communications and broadcasting group, was upgraded Wednesday to hold from sell at Citigroup, which said that short-term tailwinds are stronger than structural headwinds. Mediaset is ... Market Watch Wed, 23 Dec 2009 03:23:49 -0500FRANKFURT -- Frigoglass S.A. , a Greece-based producer of commercial coolers for the beverage industry, was upgraded Wednesday to hold from sell at Deutsche Bank. The bank expects slow sales growth m... Fox Business Wed, 23 Dec 2009 03:22:25 -0500FRANKFURT -- Mediaset SpA , an Italy-based communications and broadcasting group, was upgraded Wednesday to hold from sell at Citigroup, which said that short-term tailwinds are stronger than structu... Fox Business Wed, 23 Dec 2009 03:22:23 -0500LONDON -- The French government has ordered 129 armored vehicles from BAE Systems in a deal worth 220 million pounds ($351.1 million), the Times (of London) newspaper reported on Wednesday. It's the ... Fox Business Wed, 23 Dec 2009 03:22:21 -0500LONDON -- Dutch brewer Heineken said Wednesday that it has acquired the remaining syndicated bank debt of the Globe Group in the U.K. at a discount to the 175 million pound ($279 million) face value.... Fox Business Wed, 23 Dec 2009 03:22:20 -0500LONDON -- Swiss drugmaker Novartis said Wednesday that it will buy privately-held U.S. biopharmaceutical company Corthera Inc for 120 million. Through the deal, Novartis will gain exclusive worldwide... Fox Business Wed, 23 Dec 2009 03:22:18 -0500LONDON -- Rio Tinto said Wednesday that it has accepted a $2.03 billion offer made by Amcor in August for Alcan Packaging divisions. The acceptance follows completion of required works councils consu... Fox Business Wed, 23 Dec 2009 03:22:16 -0500Unanet Technologies , a developer of services automation software that helps organizations manage people and projects for improved profitability, has announced the latest version of its integration wi... Earth Times Wed, 23 Dec 2009 03:20:33 -0500When word spread earlier this year that American International Group had paid more than $165 million in retention bonuses at the division that had precipitated the company's downfall, outrage erupted,... CBS News Wed, 23 Dec 2009 03:19:39 -0500The humanitarian magazine Need is closing its doors in Minneapolis after three years of operation and "six glorious issues," co-founder Stephanie Kinnunen said Tuesday. "We'll always h... Star Tribune Wed, 23 Dec 2009 02:11:50 -0500MEDINA, Minn. - Polaris Industries issued a voluntary recall Tuesday of roughly 8,500 all-terrain vehicles over problems with the steering. Polaris said the recall applies to 2009-2010 models of its ... Star Tribune Wed, 23 Dec 2009 02:11:49 -0500BOSTON -- Investors, savers and consumers didn't need New Year's resolutions to strengthen their resolve in 2009. The horrible stock market of 2008 and the terrifying economy seemed to do that for ma... Fox Business Wed, 23 Dec 2009 01:40:04 -0500CBS ) ).It seems that these two cunning people had a much more personal goal in mind, something far more in line with the true adventurous American spirit of the 21st century: fame.Did it really sur... Fox Business Wed, 23 Dec 2009 01:40:02 -0500MIAMI - An American Airlines spokesman says a flight from Miami overshot the runway in Kingston, Jamaica, but came to a safe stop. He says there are no immediate reports of injuries or fatalities. C... Star Tribune Wed, 23 Dec 2009 00:45:22 -0500New York, Dec 23 : US stocks were up Tuesday after the government reported that the economy grew in the third quarter, although at a slower-than-expected rate. New Kerala Wed, 23 Dec 2009 00:41:47 -0500SEOUL — Asian shares edged higher on Wednesday led by a spurt in Australian stocks to a three-week high, while the U.S. dollar came off highs as traders digested recent steep gains. Oil prices ... International Herald Tribune Wed, 23 Dec 2009 00:18:26 -0500LOS ANGELES -- China's Ministry of Commerce said Wednesday it will impose temporary anti-dumping measures against imports of carbon steel fasteners from the European Union, according to a report by t... Fox Business Wed, 23 Dec 2009 00:13:59 -0500NEW YORK (Reuters) - Lawyers for Galleon hedge fund founder Raj Rajaratnam objected on Tuesday to the government's request to schedule his criminal trial ahead of a parallel SEC case, saying the move ... Reuters Wed, 23 Dec 2009 00:12:47 -0500The US stocks rose on a surge in existing home sales in November at the fastest rate since February 2007, indicating stabilization in the housing sector. The Dow Jones ended at 10,464, stronger by ... Business Standard Wed, 23 Dec 2009 00:12:43 -0500Convicted felon and former House representative Duke Cunningham still receives $42,000 a year in U.S. tax dollars. He's not the only congressional con getting paid, reports Sharyl Attkisson. CBS News Wed, 23 Dec 2009 00:11:33 -0500There are new signs of a turnaround in the battered housing market. Homes are selling at their fastest pace in nearly three years. Dean Reynolds reports. CBS News Wed, 23 Dec 2009 00:11:29 -0500Obama Looks to Ease Burden for Small Banks (CBS) CBS News correspondent Ben Tracy reports that there's a new trend on Santa Monica's fashionable Montana Avenue: empty storefronts. Karen Damskey is se... CBS News Wed, 23 Dec 2009 00:11:28 -0500The recession's jobless toll is draining unemployment-compensation funds so fast that according to federal projections, 40 state programs will go broke within two years and need $90 billion in loans t... CBS News Wed, 23 Dec 2009 00:11:23 -0500Oil Stays Near $79 Amid Rising U.S. Supply (AP) OPEC held its output quotas unchanged Tuesday, several ministers said as the producer group called for greater compliance from some members whose overpr... CBS News Wed, 23 Dec 2009 00:11:18 -0500Passengers' Bill of Rights on Its Way? (CBS/AP) The Obama administration has ordered airlines off the tarmac. After numerous horror stories of airline passengers being stuck in planes on the ground w... CBS News Wed, 23 Dec 2009 00:11:16 -0500Matsui Caps U.S. Career With Series MVP (CBS/AP) Winning came with a hefty price for the New York Yankees. The World Series champions were hit with a luxury tax of nearly $25.69 million Monday, acc... CBS News Wed, 23 Dec 2009 00:11:12 -0500Shoppers are staying home this holiday season, as retail spending has declined this year as a result of the ongoing recession and fierce winter weather. Dean Reynolds reports. CBS News Wed, 23 Dec 2009 00:11:04 -0500Howard Stern Unshackled See clips and only-on-the-Web outtakes from the shock jock's "60 Minutes" interview with Ed Bradley. (AP) Howard Stern is threatening to leave Sirius XM Radio Inc. now that the... CBS News Wed, 23 Dec 2009 00:10:56 -0500GM Hires Microsoft CFO to Run Finances (AP) General Motors Co. has hired the chief financial officer of Microsoft Corp. to run its troubled finance operations, tapping a cost-cutter who also is a pote... CBS News Wed, 23 Dec 2009 00:10:54 -0500Extreme Beer for a Champagne Budget (AP) A fire at Dublin's famed Guinness brewery badly damaged a storage building Monday and left two firefighters hospitalized with respiratory problems, emergency o... CBS News Wed, 23 Dec 2009 00:10:52 -0500Save $500 Extra for Holiday Spending (AP) Life without inflation is easier on consumers, taming prices on everything from food and lodging to clothing and heating fuel. It sure can make it tough to fi... CBS News Wed, 23 Dec 2009 00:10:48 -0500Bell Equipment expected to record a loss a share of between R3.70 and R4.10 in the year to December, compared with earnings a share of R3.67 in the previous corresponding period, the global supplier o... Business Report Tue, 22 Dec 2009 23:50:16 -0500Apple's plan of offering television subscription via the Internet might receive a boost with U.S. media companies CBS and Walt Disney's probable participation in the venture, the Wall Street Journal r... SINA Tue, 22 Dec 2009 23:43:00 -0500HONG KONG -- Asian shares rose Tuesday in thin pre-holiday bargain-buying, with sentiment buoyed by overnight gains on Wall Street as a weaker yen boosted Japanese exporters. The China Post Tue, 22 Dec 2009 23:09:41 -0500WASHINGTON -- Top aluminum producer Alcoa announced Monday that it was joining with Saudi Arabian mining firm Ma'aden in a nearly US$11 billion plan to develop an aluminum industry in the kingdom. "Th... The China Post Tue, 22 Dec 2009 23:09:37 -0500The surge had to do with a rally in overnight trading on Wall Street, as well as several positive developments from the meeting between Taiwan and China's top negotiators. By closing, the TAIEX rose 6... The China Post Tue, 22 Dec 2009 23:09:02 -0500Microsoft lost an appeal in a patent case against software company i4i, and a federal court has prohibited Microsoft from selling any more copies of Word and Office 2007 with the infringing feature af... The Seattle Times Tue, 22 Dec 2009 23:06:51 -0500LOS ANGELES -- Hong Kong's benchmark indexes swung between positive and negative ground in early Wednesday action, with the Hang Seng Index down 0.4% at 21,017.3 in early minutes, while the mainland-... Fox Business Tue, 22 Dec 2009 22:49:39 -0500Apple is planning to offer television subscriptions over the internet, according to multiple industry sources, and so far CBS and Walt Disney are considering the idea. The subscription service would ... Wired News Tue, 22 Dec 2009 22:42:03 -0500With the year coming to a close, marketing research company Nielsen has compiled its list of top mobile phones in the U.S. market. The no. 1 phone in the United States is Apple’s iPhone 3G, with... Wired News Tue, 22 Dec 2009 22:42:02 -0500(AP) ? PEORIA, Ill. - Caterpillar Inc. has unveiled the first-of-its-kind electric drive track-type tractor. At a ceremony Tuesday in Peoria, the first model of the D7E, adorned with a bright ... New Jersey Online Tue, 22 Dec 2009 22:37:46 -0500(RTTNews) - Shrugging off an early fall into the red, the Australian stock market rebounded into positive territory on Wednesday with the overnight surge on Wall Street on the back of better-than-exp... Quote.com Tue, 22 Dec 2009 22:17:32 -0500. Minneapolis-based Hobbit Travel says it's temporarily shutting down. In a news release Tuesday night, the discount leisure travel agency cites "financial difficulties and the present economy.... Star Tribune Tue, 22 Dec 2009 21:40:20 -0500Blissful Bath LLC is a Woodbury company that manufactures what founder Danielle Radke calls "delicious concoctions for the bath." We're talking a growing variety of bath treatments that bubb... Star Tribune Tue, 22 Dec 2009 21:40:19 -0500San Francisco - Hewlett Packard, the world's largest maker of personal computers, said Tuesday that it was investigating a claim that its computers are "racist" because they recognize the facial movem... Earth Times Tue, 22 Dec 2009 21:29:00 -0500 | 
Breaking Business News 
The Weather: