Business and Finance News
U.S. stocks go sideways as dollar drifts
Iraq News.NetThe U.S. dollar was sharply weaker Friday as stocks drifted sideways.
Lehman Brothers executives accused of manipulating accounts
Iraq News.NetAuditors, former executives, Barclays Bank, and Wall Street banks have copped a serve from a court-appointer examiner who probed the Lehman Brothers collapse.
Big 4 Australian banks slammed by central bank
Iraq News.NetAustralia's biggest banks are gouging its customers, the Reserve Bank of Australia says.
Poor quality assets on the rise again
Junk bonds and other risky investment instruments are being sought after, pushing prices above those of investment grade paper.
American food manufacturers showcase wares in India
Iraq News.NetThe US Ambassador to India Timothy J. Roemer on Thursday inaugurated an annual international food festival 'Aahar-2010' in the national capital.
Obama reportedly ready to nominate Yellen as central bank deputy chair
Iraq News.NetSan Francisco Federal Reserve Bank President Janet Yellen is expected to be nominated to become Ben Bernanke's deputy.
Expanding exports key to economic recovery says Obama
Iraq News.NetThe American president told the U.S. Export-Import Bank in Washington he was launching a new strategy to improve exports.
Fund-poor schools close in Missouri
Iraq News.NetIn the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat financially.
Philip Morris International Declares Dividend
Sign on San DiegoNEW YORK Cigarette maker Philip Morris International Inc. has declared a regular quarterly dividend of 58 cents per share. The dividend is payable on April 9 to stockholders of record on ...
Founder Of Leeann Chin Restaurants Dies At 77
Star TribuneThe namesake of the popular Leeann Chin Chinese restaurants has died. Chin, 77, died Wednesday in Seattle, Wash., after a long illness, a company spokeswoman confirmed. When Chin opened the first Le...
Fda Panel Backs Medtronic Brain Stimulator
Star TribuneWASHINGTON - Federal health advisers say a brain stimulating device from Medtronic can be approved for epilespy, provided the company conducts follow-up safety studies. The Food and Drug Administrati...
Contractor To Seek $492m From Owners Of Las Vegas Citycenter; Mgm Mirage, Dubai Dispute Amount
Star TribuneLAS VEGAS - The primary contractor for the newly completed $8.5 billion CityCenter complex told the joint venture's owners that it intends to file mechanic's liens to collect on $492 million in const...
Lehman's Accounting Gimmick Helped Firm Hide Debt, Examiner Says; Could It Mean Legal Trouble?
Star TribuneWASHINGTON - An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has ...
Rates Trade In Tight Range On Uneven Economic Data
Miami HeraldNEW YORK -- Interest rates were mixed in the bond market Friday after uneven economic reports gave investors conflicting signals.Long-term Treasury prices rebounded after sliding Thursday. The rise i...
Unthinkable? Hiring More Tax Inspectors | Editorial
GuardianLennon and McCartney's song-cum-professional assassination, Taxman : "If you get too cold, I'll tax the heat / If you take a walk, I'll tax your feet." And it is true that eye-watering cuts in public ...
Ehrc Food Factories Report: Perfect Storm Has Led To A Race To The Bottom | Felicity Lawrence
GuardianWe are where we were: that's the insiders' view. The EHRC report has simply put an official stamp on what many of us have known – and been deeply worried about – since early 2000. A combination of...
Fraudsters' Home Insurance Scam Needs To Be Addressed
Guardian. Actually, fraudsters apply for insurance in someone else's name to receive policy documents which can be used as proof of address when opening a bank account. It's possible a fraudster got the reade...
'i'm Not A Slave, I Just Can't Speak English' – Life In The Meat Industry
GuardianA third of workers in the meat processing sector in England are migrants. Some told the inquiry they worked every day of the week in shifts that lasted 16-18 hours. Photograph: Mikhail Mordasov/AFP/Ge...
Violence And Abuse Rife In Food Factories
GuardianA third of meat factory workers interviewed for the report said they had experienced or witnessed verbal abuse. Photograph: Mikhail Mordasov/AFP/Getty Images Thousands of workers in Britain's lucrat...
Powerless To Act For My Mother Despite Holding Power Of Attorney
GuardianI operate three accounts for my 84-year-old mother under power of attorney. In November I tried to move £6,000 electronically from Halifax to Abbey but the transaction failed because of a technical f...
Letters: Fear And Loathing In New Labour
GuardianIt's defeatist nonsense to talk of a crisis of leftwing thinking , 12 March), it seems evident that there is the need for a rearticulating of the political discourse. The hegemony of neoliberal thinki...
Tickets Chargeback Hits Wrong Note At Blameless Record Shop
GuardianA festival due to happen in Brighton last year was cancelled at the last minute. I sold 300 tickets through my record shop. The promoter declared himself insolvent and customers wanted their money bac...
Earnings Roundup: Qad 4q Revenue Drops, Verenium Loss Narrows On Trimmed Expenses
Canadian Business(AP) - Among the earnings stories for Friday, March 12, from AP Financial News: NEW YORK (AP) — Shares of QAD Inc. sank after the business software provider reported a drop in fourth-quarter re...
Barclays’ Lehman Bid Faced U.k. Fsa Review Of Liquidity Issues
Business WeekMarch 13 (Bloomberg) -- The U.K. financial regulator told Barclays Plc in September 2008 that an acquisition of Lehman Brothers Holdings Inc. might damage the balance sheet of one of the country&rsquo...
Philip Morris International Declares Dividend
The Seattle TimesNEW YORK — Cigarette maker Philip Morris International Inc. has declared a regular quarterly dividend of 58 cents per share. The dividend is payable on April 9 to stockholders of record on Marc...
Philip Morris International Declares Dividend
Seattle Post-IntelligencerTHE ASSOCIATED PRESS NEW YORK -- Cigarette maker Philip Morris International Inc. has declared a regular quarterly dividend of 58 cents per share. The dividend is payable on April 9 to stockholder...
Wamu Settles With Jpmorgan, Fdic
MSNBCWILMINGTON, Del. - Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding comp...
Partisan Concerns Loom In Senate For Wall Street Reform
CNN(CNN) -- In the U.S. Senate, the progressives are restless. A handful of them are making it known that Democratic leaders shouldn't take their votes for granted when it comes to Wall Street reform.
Portugal Passes Austerity Budget
BBCPortugal's parliament has approved an austerity budget aimed at cutting its deficit to the level permitted for countries using the euro currency.The government hopes that by reducing the country's deb...
Lloyds Aids Mortgage Overpayments
BBCLloyds Banking Group is encouraging its borrowers to pay off their mortgages early.Customers on variable rate deals can, for one year, overpay their mortgages by up to 20% of their loans. Ultra-low in...
Interns 'exploited By Employers'
BBCThousands of young people are being exploited by employers who get them to work without being paid, the TUC has claimed.More and more graduates are accepting so-called internships, or extended work ex...
Lloyds Aids Mortgage Overpayments
BBCLloyds Banking Group is encouraging its borrowers to pay off their mortgages early.Customers on variable rate deals can, for one year, overpay their mortgages by up to 20% of their loans. Ultra-low in...
Microsoft Races To Plug Ie Hole After Exploit Code Released
CNet(Credit: Microsoft ) Microsoft said on Friday it is testing a patch to fix a new hole in Internet Explorer 6 and IE 7 following the release of exploit code on the Internet. With the announcement it...
Fla., La. Bank Failures Raise Year's Tally To 30
Fox BusinessSAN FRANCISCO -- The closures of Florida's Old Southern Bank and Louisiana's Statewide Bank on Friday brought the tally of bank failures for the year to 30, according to the Federal Deposit Insurance...
Ebay's Paypal In Talks To Team With Alibaba International Marketplace
Fox BusinessEBAY ) PayPal unit is in talks to add its online payment system as an option on Alibaba.com Ltd's (1688.HK) new AliExpress international marketplace, according to people familiar with the situation....
Subscribers: Us Switches To Daylight-saving Time
Fox BusinessThe U.S. and much of Canada will move to daylight-saving time from standard time on Sunday, when clocks will be moved forward by one hour. Regular items transmitted from these countries will appear o...
Update: Apple Gives Coo Timothy Cook $5 Million, Share Bonus
Fox BusinessAAPL ) awarded Chief Operating Officer Timothy Cook a cash-and-stock bonus worth $22 million for filling in while Steve Jobs, the consumer electronics giant's chief executive, was on medical leave. ...
Update: Valley National Takes Over Failed Park Avenue Bank
Fox BusinessVLY ) assumed the deposits of Park Avenue Bank, the second failed Manhattan bank that the New Jersey company has taken over in as many days, and the 28th U.S. bank failure this year. Under the agree...
Exxonmobil: Papua New Guinea Lng Project Cleared
Fox BusinessSAN FRANCISCO -- Exxon Mobil Corp. said late Friday that arrangements are complete for its Esso Highlands Ltd. unit to begin construction of a liquified natural gas project in Papua New Guinea. Exxon...
Calendar Of Junk Debt: Alion Science & Tech $300 Million Senior Notes
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Allergan Ceo's Total Compensation Value Slid 18% Last Year
Fox BusinessAGN ) Chief Executive David Pyott received total compensation valued at $12 million last year, down 18% from a year earlier as the Botox maker shifted away from issuing stock awards as a long-term i...
Data, Fed To Test If Rally Still Has Legs
ReutersNEW YORK (Reuters) - Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is ...
Lehman Report May Point Way For Criminal Charges
ReutersWASHINGTON (Reuters) - An explosive report by a court-appointed examiner on the collapse of Lehman Brothers may prove to be a roadmap for prosecutors to bring criminal cases against the investment ban...
Apple Coo Gets $22 Million Reward As Jobs Stand-in
ReutersSAN FRANCISCO (Reuters) - Apple Inc has awarded its chief operating officer a bonus valued at $22 million for leading the company while Chief Executive Steve Jobs was on 6-months' medical leave last y...
Agrium Shares Jump As Cf Gets Terra
Financial PostThe nitrogen wars are over, and Agrium Inc. is moving on to different opportunities. Friday, U.S. fertilizer companies CF Industries Holdings Inc. and Terra Industries Inc. agreed to merge in a US$4....
Calif. Prosecutor Sues Toyota Over Defects
CBS NewsOrange County District Attorney Tony Rackauckas announces the filing of a civil lawsuit against Toyota Motor Sales U.S.A. during a news conference Friday at the Orange County District Attorney Office ...
Court Oks Tv Rules For Cable
CBS News0 Comments (AP) A federal court Friday upheld regulations that require cable TV companies to make sports programming and other channels they own available on equal terms to rival TV providers such as ...
Boys And Girls Club Execs' $1m Pay Probed
CBS NewsBoys & Girls Clubs of America , raising issues that could jeopardize millions in federal funding for the national charity. The four senators said they were concerned that the chief executive of a c...
February Retail Sales Up 0.3 Percent
CBS NewsEconomy May Be Humming, But Can it Last? (AP) Retail sales posted a surprising increase in February as U.S. consumers did not let major snowstorms stop them from storming the malls. The advance, the b...
J.p. Morgan Chase Ceo: ‘euthanasia’ Needed For Failing Financial Giants
The Business JournalJ.P. Morgan Chase CEO Jamie Dimon said Friday that a special bankruptcy process is needed to handle failures of the nation's global financial institutions. "Think of it as euthanasia," ...