Business and Finance News

Stocks slide again on U.S. markets
Mumbai News.Net
It was a typical day on Wall Street Tuesday with bears again dominating trading.
California homes being snapped up
Mumbai News.Net
Californian home buyers have driven sales up more than 12 percent from resulting in the biggest jump in sales in four years.
GM offers vehicle discounts to staff
Mumbai News.Net
General Motors Corp has told staff it will better its usual ten percent discount.
Prices rising faster than any time in a decade
Mumbai News.Net
Wholesale inflation in the US soared in July.
Etihad services continue to build into Asia
Mumbai News.Net
Abu Dhabi-based Etihad Airways, which started its daily service from Abu Dhabi to Kozhikode said it is holding talks with Kerala Tourism Development Corporation to develop tour packages.
Tom Cruise new Hollywood superhero
Mumbai News.Net
Hollywood superstar Tom Cruise is reportedly set to become a superhero in an adaptation of comic book classic 'Sleeper'.
Mobile users rocked by condom ringtone
Mumbai News.Net
Imagine the expression on the faces of those around you when your mobile suddenly starts buzzing with an unlikely ringtone: 'Condom, condom'.
US stocks drop on producer prices, housing woes
Mumbai News.Net
US stocks declined Tuesday after producer prices surged and housing construction plummeted by the most in 17 years, prompting investor concerns that the US has entered a prolonged period of low growth and high inflation.
Depp, Law and Farrell donate film earnings to Heath Ledger
Mumbai News.Net
London, : Johnny Depp, Jude Law and Colin Farrell, who completed Heath Ledger's role in his final movie, have donated their pay to his two-year-old daughter.
Wall Street lower as Lehman plunges
The Australian
... reported that the New York financial services giant is considering the sale of its prized money-management division, including Neuberger Berman, to raise billions of dollars and ease the pressure...
Crown expects earnings growth in 2009
News.com.au
CASINOS operator Crown expects its Australian casinos, Crown in Melbourne and Burswood in Perth, will grow earnings by 4 to 6 per cent over the 2009 financial year.
Make renewable energy cheaper
San Diego Union-Tribune
LAS VEGAS – Representatives from corporate giants Google Inc. and General Electric Co. said Tuesday that transitioning the United States to renewable energy on a large scale would be possible...
Hewlett-Packard quarterly profit rises
Reuters
Hewlett-Packard Co, the world's biggest computer maker, reported a higher quarterly profit on Tuesday on solid international sales in its computer and printer businesses...
The nutty professor is probably right again
Guardian
Ken Rogoff has form when it comes to moving the financial markets. Back in 2001, shortly after he joined the International Monetary Fund, he irked the White House by saying that the US economy was in...
Hewlett-Packard 3Q Net Up 14%; Weak Dollar Helps Revenue
Morning Star
... fiscal third quarter was in part due to "accelerating currency" movements as well as increased sales in the U.S. over the last three months. Macro-economic concerns didn't weigh on H-P's earnings...
La-Z-Boy Reports Fiscal 2009 First-Quarter Results
CNBC
La-Z-Boy's President and Chief Executive Officer, said: "In what remains a difficult environment for the home furnishings industry, due to significant macroeconomic pressures, we continue to be...
the massive scale of UK
Guardian
The scale of British water consumption and its impact around the world is revealed in a new report today, which warns of the hidden levels needed to produce food and clothing.The UK has become the...
Inflation pressures mount as home building slows
Reuters
U.S. wholesale prices shot up in July at the fastest annual rate in 27 years, while home builders cut back on construction as they worked through a glut of unsold homes...
Advertisers Prove Humor Impaired
Wired News
The Landlord ,' went viral with a very impressive 57.8 million views, but a sequel with the same inappropriately-scripted toddler didn't do nearly as well. The site now averages around 1.5 million...
Market dives as brokers trade takeover gossip
Guardian
Financial shares sent the market tumbling yesterday, but traders still found time amid the gloom to indulge in a little takeover speculation.Medical equipment...
Woolworths accuses bidder of megaphone diplomacy
Guardian
The chair of Woolworths yesterday accused would-be bidder Malcolm Walker of megaphone diplomacy in his attempt to win control of the struggling retail chain - but made it clear he was still open to...
Coca-Cola Amatil books 22pc profit rise
The Daily Telegraph
BEVERAGE maker Coca Cola Amatil says it is on track for high single digit second half earnings growth after posting a 22 per cent lift in its interim profit.
More Pain To Come For Wall Street Brokerages
Morning Star
GS) widened its loss estimates or cut profit views for many of its Wall Street broker rivals because it expects more write-downs and losses on mortgages, and warned that the "tides are not...

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