Saturday, May 29, 2010

Business - 29 May 2010

  • What the Acts Make
    Sat, 29 May 2010 08:06:41 -0700
  • Investing: Sizing Up Online Tools
    Sat, 29 May 2010 08:06:41 -0700
  • Early Czech Votes Show Anti-Deficit Cabinet Possible (Update1)
    Sat, 29 May 2010 07:38:00 -0700
    The Czech Civic Democratic Party and other parties that pledged to cut spending won the most votes in parliamentary elections, partial results show, suggesting they may be able to form a coalition to tackle the budget deficit.
  • China: The Next Ill Wind?
    Sat, 29 May 2010 07:23:34 -0700
    The economic storms in Europe are more than enough potential problems to keep investors occupied, bu
  • Spain labor reform deadline extended one week
    Sat, 29 May 2010 07:19:36 -0700
    MADRID (Reuters) - The deadline for a deal on crucial labor market reforms in Spain between the government, unions and business representatives has been extended for a week from the end of the month, the Labour Ministry said on Saturday.

  • Euro crisis: how the experts are positioning their portfolios
    Sat, 29 May 2010 07:05:39 -0700
    Markets have become more volatile in recent weeks.
  • Child Trust Funds benefited the rich more than the poor
    Sat, 29 May 2010 07:01:34 -0700
    So Child Trust Funds (CTFs) are to bite the dust as the Government.
  • Best-Ever Advertising Taglines
    Sat, 29 May 2010 07:00:00 -0700
    Ad taglines have helped Nike, Apple, GE and others stand out.
  • Euro crisis: how will it affect me?
    Sat, 29 May 2010 06:26:10 -0700
    What caused the European debt crisis, how long will it last, and how worried should Britons be?
  • Drug giant's move angers Greeks
    Sat, 29 May 2010 06:23:46 -0700
    The world's leading insulin-provider says it is withdrawing its medicine from Greece, because of a compulsory 25% price cut.
  • China, South Korea to Deepen Ties Amid North Tension (Update1)
    Sat, 29 May 2010 06:14:00 -0700
    China agreed to deepen ties with South Korea and Japan at an annual summit overshadowed by accusations that its ally North Korea sank one of the South’s warships. The North rejected the charges as “sheer fabrication” to justify a “a war of aggression against it.”
  • Mahindra submits letter of intent for Ssangyong
    Sat, 29 May 2010 05:50:27 -0700
    MUMBAI (Reuters) - Mahindra & Mahindra, India's top utility vehicle and tractor maker, on Saturday said it had submitted a letter of intent to make a bid for troubled Korean SUV maker Ssangyong Motor, but declined to comment on how much it was willing to pay.
  • UAE economic growth to quicken with no major debt hit seen
    Sat, 29 May 2010 05:49:51 -0700
    DUBAI (Reuters) - The United Arab Emirates' economic growth is expected to accelerate to up to 3.2 percent this year and no further major restructuring of Dubai debt is seen, the Gulf country's economy minister said on Saturday.

  • German Finance Minister hints at potential tax hike
    Sat, 29 May 2010 05:44:19 -0700
    BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble hinted that taxes may have to rise to consolidate Germany's finances one day after coalition sources said the government may scrap a discounted sales tax on some products.

  • IT sector back to shape after economic slowdown
    Sat, 29 May 2010 05:42:00 -0700
    The job scenario in the Information Technology sector in Rajasthan is witnessing a rise,as IT companies have begun recruitments on a large scale.
  • Renault to produce new Trafic van in France
    Sat, 29 May 2010 05:30:26 -0700
    PARIS (Reuters) - Renault will produce the new version of its Trafic van at Sandouville in France, an industry ministry spokesman said on Saturday, announcing a decision which came after calls from politicians for the company to protect local jobs.
  • No Peace for Wealthy; Oil-Spill Opportunity: Commentary Review
    Sat, 29 May 2010 05:30:11 -0700
    (The following are excerpts from the past week’s Bloomberg News columns. For full text of any column, click on the command below the writer’s name. Opinions are those of the columnists.)
  • Foreclosed: When can you buy again?
    Sat, 29 May 2010 05:24:15 -0700
    Walking away from a mortgage you can still afford to pay has consequences; everyone knows that. Your credit score is shot and it can be impossible to get credit.
  • Microsoft, Google, Netflix: Deals wanted
    Sat, 29 May 2010 05:22:57 -0700
  • Don't count on Verizon iPhone
    Sat, 29 May 2010 05:21:15 -0700
    It's that time of year again: The weather is getting warmer, Apple's annual Worldwide Developers Conference is just around the corner, and rumors about the iPhone coming to Verizon are sprouting up.
  • Hungary’s Orban Assumes Power, Sets Sights on Growth (Update1)
    Sat, 29 May 2010 05:20:00 -0700
    Viktor Orban returned to power as Hungary’s prime minister after eight years in opposition, pledging to accelerate economic growth in the first European Union member to obtain a bailout in the credit crisis.
  • ECB's Stark eyes end to loose monetary policy: report
    Sat, 29 May 2010 05:02:23 -0700
    BERLIN (Reuters) - The European Central Bank could begin exiting its phase of loose monetary policy from July, ECB Executive Board Member Juergen Stark was quoted as saying by German weekly magazine WirtschaftsWoche on Saturday.

  • Spain labour reform deadline extended one week
    Sat, 29 May 2010 05:00:37 -0700
    MADRID (Reuters) - The deadline for Spain's talks with unions and business representatives on a much-anticipated labour market reform has been extended another week from the end of May, the Labour Ministry confirmed on Saturday.
  • Calls for probe after ABN CEO warns on repayment
    Sat, 29 May 2010 04:57:15 -0700
    AMSTERDAM (Reuters) - The chief executive of nationalized Dutch bank ABN AMRO said it was unlikely the state would recover the full 30 billion euros ($36.8 billion) it has spent buying and supporting the bank, sparking calls for new parliamentary hearings into the aid.

  • Mourinho Makes His Madrid Move
    Sat, 29 May 2010 04:32:41 -0700
    Europe's top head coach moves to Spain with an eye to the history books.
  • Obama Asks Americans to Honor Fallen Veterans on Memorial Day
    Sat, 29 May 2010 04:32:12 -0700
    President Barack Obama urged Americans to remember its fallen heroes and honor their “willingness to lay down their lives so the rest of us might inherit the blessings of this nation.”
  • Treasury Signals Commitment to $35.5 Billion AIA Deal (Update1)
    Sat, 29 May 2010 04:15:00 -0700
    The U.S. Treasury Department and American International Group Inc., asked by Prudential Plc to lower the $35.5 billion price for the bailed-out insurer’s main Asia unit, signaled they are committed to the original terms.
  • Prudential wants to pay less to save AIA deal
    Sat, 29 May 2010 03:44:07 -0700
    LONDON (Reuters) - Prudential has entered talks to cut its $35.5 billion offer for AIG's Asian life insurance arm in a last-ditch bid to salvage a deal criticized by shareholders as too expensive.

  • Renault to produce new Trafic van in France - paper
    Sat, 29 May 2010 03:00:26 -0700
    PARIS (Reuters) - French carmaker Renault will produce the new version of its Trafic van at its Sandouville site in France after coming under political pressure to safeguard local jobs, Le Figaro said on Saturday.
  • Calls for probe after ABN CEO warns on repayment
    Sat, 29 May 2010 02:50:26 -0700
    AMSTERDAM (Reuters) - The chief executive of nationalised Dutch bank ABN AMRO said it was unlikely the state would recover the full 30 billion euros it has spent buying and supporting the bank, sparking calls for new parliamentary hearings into the aid.
  • Microsoft dead-set on mobile, games after shake-up
    Sat, 29 May 2010 02:20:39 -0700
    SEATTLE (Reuters) - Microsoft Corp's move to shake up the leadership of its mobile and games division this week -- giving Chief Executive Steve Ballmer direct control over the push to catch up with Apple Inc and Google Inc in the exploding smartphone market -- revealed its determination to ride the next wave of computing.
  • Fortis weighs counter to Khazanah bid for Parkway - paper
    Sat, 29 May 2010 01:50:32 -0700
    NEW DELHI (Reuters) - Fortis Healthcare is considering launching a counter-offer for Singapore-based hospital chain Parkway Holdings and is discussing financing options with Singapore state investment firm GIC, the Economic Times reported on Saturday.
  • Information technology jobs on the rise in Rajasthan
    Sat, 29 May 2010 01:41:47 -0700
    Jaipur (Rajasthan), May 29 (ANI): With Information Technology (IT) companies recruiting on a large scale, Rajasthan is witnessing a rise in jobs in the IT sector.
  • Chinese tobacco industries target women consumers
    Sat, 29 May 2010 01:07:52 -0700
    New Delhi, May 29 (ANI): Chinese tobacco industries have now shifted their focus to women as their targets for selling cigarettes, creating a surge in the number of women smokers in the country.
  • Obama bolsters oil teams on coast
    Fri, 28 May 2010 23:13:31 -0700
    President Barack Obama pledges to triple the manpower in coastal areas hit by the Gulf oil spill as he tours affected areas.
  • Markets fret, but chance of big bank crash slim
    Fri, 28 May 2010 22:50:27 -0700
    LONDON (Reuters) - This week's market jitters that banks were heading back to the darkest days of 2008 look overdone because lenders have vastly improved their assets and central banks stand ready with abundant funding.
  • RIL strikes 'significant' oil in Gujarat block
    Fri, 28 May 2010 22:11:17 -0700
    Reliance Industries Ltd (RIL) has announced an oil discovery, the fifth in a row, in its Cambay basin block in Gujarat. However, RIL did not give reserve estimates other than calling the discovery as ?significant.?
  • Fifth Third Names Ex-FDIC Head William Isaac as Bank’s Chairman
    Fri, 28 May 2010 21:56:12 -0700
    Fifth Third Bancorp named William Isaac as chairman, putting the former Federal Deposit Insurance Corp. leader in charge of the board after Ohio’s largest bank posted its third straight quarterly loss.
  • Apple inquiry focuses on price fixing
    Fri, 28 May 2010 21:15:10 -0700
    NEW YORK/DENVER (Billboard) - Seeking information on possible price fixing in the digital music marketplace, the U.S. Department of Justice contacted the legal departments of the major record labels as part of an initial inquiry into Apple, sources tell Billboard.

  • Chipmaker Broadcom stock options backdating case ends
    Fri, 28 May 2010 20:52:56 -0700
    LOS ANGELES (Reuters) - U.S. prosecutors will not appeal a judge's dismissal of stock options backdating-related charges against computer chipmaker Broadcom Corp co-founders Henry Nicholas and Henry Samueli.

  • Regulators shut 5 banks as 2010 tally hits 78
    Fri, 28 May 2010 19:11:44 -0700
    WASHINGTON (Reuters) - U.S. regulators seized five more troubled banks on Friday, including three banks owned by Bank of Florida Corp, bringing the tally of banks closed so far this year to 78.

  • Online Investing Tools Refine the Personal Touch
    Fri, 28 May 2010 18:01:00 -0700's latest look at online tools for individual investors reveals innovative new features for the do-it-yourself set
  • The India Way
    Fri, 28 May 2010 15:34:53 -0700
    Lessons in business from India's largest companies.
  • Appsolute Necessities
    Fri, 28 May 2010 15:00:00 -0700
    Give your smartphone a bit of a boost.
  • Robotic Surgery
    Fri, 28 May 2010 15:00:00 -0700
    New technology enhances surgeons' work and produces successful results.

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