Business and Finance News
- U.S. stocks dip as oil price climbs
Iraq News.Net
With the price of oil around $128 a barrel Friday, traders on Wall Street busied themselves selling off stock.
- US population concerned about economic future
Iraq News.Net
US citizens believe the country is in recession.
- Economic Forum praises strength of euro currency
Iraq News.Net
The annual Brussels Economic Forum conference has been looking at ways to meet the economic challenges facing the EU.
- Ben Bernanke wants banks to raise more capital
Iraq News.Net
US Federal Reserve Board Chairman Ben Bernanke has said banks and securities firms will need to keep raising capital to improve their balance sheet following credit crisis.
- Malawi tobacco rotting on auction floor
Iraq News.Net
Wildly fluctuating prices have closed Malawi's tobacco commodity auction floors.
- Australia to slow its growth
Iraq News.Net
Australia's Reserve Bank has said the country's economy will only grow at a slower pace in the next couple of years.
- United Airlines and Continental now in talks
Iraq News.Net
United Airlines and Continental Airlines in the US have been in talks for a possible alliance.
- Mini loans to be handed out in Africa
Iraq News.Net
Impoverished borrowers in Africa and Asia will soon be able to receive so-called “tiny loans” from the World Bank and British-based bank Standard Chartered.
- Singapore restaurants showing empty seats
Iraq News.Net
There was a lower turnover in Singapore restaurants after the Lunar New Year celebration, dropping the country’s catering figures to US$289.2 million.
- New management at helm of Hugo Boss
Iraq News.Net
German fashion label, Hugo Boss has a new boss.
- Asset securitization at root of banking malaise
Iraq News.Net
Germany's President Horst Koehler has described the world’s banking system as “a monster that must be tamed”.
- Can it finally replace Microsoft Office
Computerworld
... beta of OpenOffice 3.0 should convince you otherwise. This free, open-source software suite provides most of what anyone could want in an office suite, including a word processor, spreadsheet...
- Icahn fights Yahoo board to spur Microsoft deal
Iraq News.Net
Billionaire investor Carl Icahn officially launched a proxy fight to oust the Yahoo board in a bid to revive Microsoft's spurned deal for the Internet powerhouse.
- Wall Street may get best indicators yet about recession or economic recovery as summer begins
Canadian Business
Joe Bel Bruno 2008 - 5:04 p.m. After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point...
- How Clear Channel Will Change Deal-Making
Wired News
Subscribe to Portfolio magazine When credit was easy, private equity's multibillion-dollar buyout frenzy was like a great party: The champagne was flowing and no one was too concerned about who was...
- Microsoft unveils its visual guide to the universe
Gulf News
This is a different sort of Maps to the Stars. Microsoft has taken the wraps off an astonishingly vast visual guide to the universe that is powered by some of the world's best telescopes....
- Lehman Brothers set to cut 5 percent of staff
San Diego Union-Tribune
NEW YORK – Lehman Brothers Holdings Inc. will begin to cut about 5 percent of its staff on Monday as part of an overall plan to streamline its balance sheet amid further turbulence in the...
- Fannie Mae scraps higher downpayment rule
MSNBC
Fannie Mae says it is doing away with higher minimum downpayment requirements for borrowers in distressed real estate markets.The government-sponsored mortgage financier said Friday it...
- Microsoft Open Source, Standards Chiefs Tout
TechWeb
Interviews with Sam Ramji and Tom Robertson reveal Microsoft is strong on building open source business models and community as well as interoperability and industry standards.
- markets calmer but not fully settled
Reuters
Treasury Secretary Henry Paulson said on Friday that U.S. financial markets were calming down from March's turmoil but warned more pain lies ahead for borrowers who face losing...
- Is Marc Andreessen Through with the Press
Wired News
... reported from Start Up School 08 , an event at Stamford where Marc Andreessen was among the speakers who shared his unique insights with a room full of wannabe web gazillionaires. It all went...
- Stocks pare losses to finish mixed after oil spikes
San Diego Union-Tribune
NEW YORK – Wall Street pulled off its lows to finished narrowly mixed Friday as investors squared concerns about rising oil prices with a surprise jump in home construction. The major indexes...
- Oil sets record near $128
San Diego Union-Tribune
NEW YORK – Oil prices advanced Friday as traders, unimpressed by U.S. and Saudi efforts to boost supply, kept buying on the expectation that prices would keep setting new records. Light...
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