Business and Finance News
- Dow gains nearly 500 points as U.S. stocks roar
Osaka News.Net
U.S. stocks soared Friday, with gains accelerating in the final hour of trading.
- Timothy Geithner tipped to be new U.S. Treasury Secretary
Osaka News.Net
U.S. media report President-elect Barack Obama has decided to nominate Timothy Geithner, head of the Federal Reserve Bank of New York, to be his treasury secretary.
- Big global names buckling under pressure
Osaka News.Net
The global economic crisis is hitting different nations and industries around the world.
- Economy in India slowing as companies abandon expansion plans
Osaka News.Net
Many Indian companies are slowing expansion plans as they cope with the global economic downturn.
- Bush meets Chinese President Hu at Peru APEC summit
Osaka News.Net
U.S. President George Bush is in Peru for his final Pacific Rim summit.
- European equities give up early gains
Osaka News.Net
European shares traded higher for most of Friday but wilted towards the end.
- Asian stock markets close solidly higher
Osaka News.Net
Markets in Asia ignored losses on Wall Street overnight and posted solid gains Friday.
- Pentagon takes on global Internet virus
Osaka News.Net
Cyberspace is a warfighting domain, and the Defense Department is taking steps to defend this crucial capability, a Pentagon spokesman said Friday.
- San Francisco goes all-out to become electric
Osaka News.Net
The district mayors of the San Francisco area have projected their ideas for a US$1 billion network of electric car recharging stations.
- Final overseas appearance coming up for Bush
Osaka News.Net
Leaders from the Pacific Rim are preparing for their annual APEC economic summit in Lima on the 21st-23rd November.
- Wall Street surges after two-day fall
Osaka News.Net
New York, (Xinhua) Wall Street rallied Friday after reports that US president-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as treasury secretary.
- US Airways brings back free miles
Osaka News.Net
US Airways has announced the reinstatement of free miles, which were cancelled when fuel costs were rising.
- Citigroup options placed on the table
Osaka News.Net
Citigroup has suggested it might sell businesses and shares, as a means of dealing with the market crisis.
- Europe shows itself to the online world
Osaka News.Net
The European Union has launched a free online library which gives multilingual access to two million digitized books and other items of cultural significance.
- Arab bourses suffer as Gulf stock loses $538 bn
Osaka News.Net
Arab stock markets continued their downward journey this week, with financial analysts Friday citing unjustified 'panic and psychological pressures' from the turmoil on global markets.
- Citigroup considers fire sale as shares dive
The Independent
Citigroup assembled its board to "think the unthinkable" yesterday, with a fire sale or a break-up of the financial giant on the table. The company's shares plunged for the fifth straight day...
- EnteroMedics secures $20 million loan for study
Star Tribune
A Roseville company that is developing a unique medical device to treat obesity has closed on a $20 million loan to help fund a clinical study testing the device. EnteroMedics Inc. said Friday that...
- Mexican economy expands 1.6 pct, slowest yearly growth since 2003
Star Tribune
Mexico says its yearly growth rate dropped to 1.6 percent in the third quarter, its slowest rate since 2003, as the U.S. economy stalls. The National Statistics Institute on Friday...
- FDIC will guarantee up to $1.4 trillion in bank debt; Wall Street rallies on Geithner pick
Canadian Business
Marcy Gordon 2008 - 10:57 p.m. - Federal regulators will guarantee as much as $1.4 trillion in U.S. banks' debt in a bid to get the distressed financial system...
- Get Off of My Cloud
Business Week
Corporate America is increasingly leaving computing to the experts. Why go to the trouble and expense of building and managing complex systems to handle your spiraling data-crunching needs when...
- Wall St rallies over new Treasury chief
The Daily Telegraph
WALL Street staged a strong late rally overnight as traders cheered reports New York Federal Reserve chief Timothy Geithner would be named the next Treasury secretary.
- U.S. Bancorp acquires Downey, PFF deposits
Reuters
Stock Buzz ) agreed to acquire the deposits of Downey Savings and Loan Association and PFF Bank & Trust, the latest in a growing list of banks to fail this year, U.S. banking regulators said on...
- Palm cutting jobs as competition intensifies
Reuters
Struggling smartphone maker Palm Inc said Friday it is cutting its workforce, a move the company takes as it loses market share to rivals Apple Inc and Research in Motion...
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