Business and Finance News
- U.S. stock markets close in positive territory
Malaysia News.Net
U.S. equity markets had a rare up day Wednesday with all indices finishing in the black.
- Japanese cars picked up across the board
Malaysia News.Net
Strong demand has improved global sales for Japanese cars.
- US dollar once again in decline
Malaysia News.Net
The dollar has lost ground against the euro, a day after hitting a six-month high against the single currency.
- Oil prices rise due to hurricane
Malaysia News.Net
Oil prices rose to above $117 a barrel Wednesday on concerns that Tropical Storm Gustav may disrupt operations in the Gulf of Mexico.
- PetroChina profit down dramatically
Malaysia News.Net
PetroChina's first-half net profit has fallen 34.5 percent.
- Air traffic slows down over America after computer problem
Malaysia News.Net
Air traffic at some three dozen airports across the US was disrupted by a computer glitch on Tuesday.
- Russia and the WTO looking shaky
Malaysia News.Net
Russia's commitment to join the World Trade Organisation is in doubt after the country questioned the value of membership.
- Federal Reserve still keeping interest low
Malaysia News.Net
The Federal Reserve, which has just held an interest rate meeting, has said interest rates were pegged because of the flagging housing market and rising unemployment.
- Banks in trouble says US insurer
Malaysia News.Net
The number of troubled US banks has leapt to the highest level in about five years.
- Barbie Doll maker gets damages claim
Malaysia News.Net
A US federal jury has awarded Mattel Inc. US$100 million in damages in a federal copyright lawsuit that pitted the house of Barbie against MGA Entertainment.
- Wall Street ends mixed on murky outlook
eTaiwan News
Wall Street ended mixed Tuesday as data showing a rise in U.S. consumer confidence and new home sales failed to generate enthusiasm and Federal Reserve minutes offered a downbeat economic...
- Microsoft Lists Windows 7 in Patching Tool
Computerworld
Windows Server Update Services, which lets IT managers feed security updates to PCs and servers. Microsoft said the appearance of Windows7 in WSUS wasn't an accident. "This is a standard step in the...
- Darden predicts lower earnings
Orlando Business Journal
Darden Restaurants Inc. reported it expects lower-than-anticipated fiscal first-quarter earnings per share from continuing operations. Orlando-based Darden (NYSE: DRI) said net earnings per share...
- Mortgage mess puts more banks at risk
MSNBC
And while depositors with insured accounts face little risk of losing their money, the insurance fund’s top regulator said it may have to borrow money from the Treasury to make good on that promise...
- Philip Morris set to sell remaining downtown site
Business Journal
... is putting its last Louisville holdings up for sale — nearly 500,000 square feet of former cigarette manufacturing and distribution space that the company controls in the 1700 block of West...
- Market lower for 2nd day; Leumi earnings lag estimates
Market Watch
Israeli stocks fell Wednesday, with weakness carrying over from the previous session, as the country's top banks, particularly Bank Leumi, led the market lower.
- Immersion to pay Microsoft $20 million to settle patent suit
Macworld
A company that makes touch sensors for interacting with computer applications and games has agreed to pay Microsoft more than $20 million to settle a patent suit.
- How Eastman Kodak is transforming itself
Business Journal
Eastman Kodak Co. and took the opportunity to get a better understanding of how the 128-year-old company was repositioning itself. Essentially, Kodak is in the midst of reinventing one of...
- Morgan Stanley cuts Goldman earnings estimate
Market Watch
Goldman Sachs Group Inc. has seen more analysts cut its earnings outlook after Morgan Stanley revised third quarter and 2009-10 estimates for the bank.
- Oil moving higher as Gustav spins toward Gulf
San Diego Union-Tribune
NEW YORK – Oil prices climbed for a third day Wednesday, hovering above $117 a barrel as Tropical Storm Gustav spun toward the Gulf of Mexico on a possible collision course with offshore energy...
- Microsoft, Dell and Symantec closely watching outcome of Bilski case, which could erode basis for software patents
Business Journal
Patent cases aren’t sexy, but Bilski comes close. The case, pending before the Federal Circuit Court of Appeals in Washington, D.C., may tighten the requirements for patenting business...
- Bankruptcy filings near 1 million in past year
San Diego Union-Tribune
NEW YORK – Nearly 1 million individuals and businesses filed bankruptcy in the 12 months ended according to U.S. Court data released Wednesday. There were 967,831 bankruptcy cases...
- More bank failures may be on the way, FDIC warns
Newsday
Federal regulators on Tuesday boosted to $8.9 billion the estimated cost of IndyMac Bank's failure and prepared the public for more collapses, reporting that the number of troubled U.S....
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