Yahoo! News: Business News
Business News
World stocks flat but pound takes another hit
(AP)
10 Mar 2010 at 3:42am
AP - World stock markets traded in a narrow range Wednesday as investors looked for renewed direction, while the British pound continued to founder following unimpressive industrial output figures.
UK's Brown paves way for election with budget date
(AP)
10 Mar 2010 at 3:40am
AP - Britain's economic recovery remains fragile, British Prime Minister Gordon Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks.
Bank of America ends overdraft fees on debit cards
(AP)
10 Mar 2010 at 3:45am
AP - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
Senate to pass jobless aid, business tax breaks
(AP)
10 Mar 2010 at 3:43am
AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt.
Highlights of Senate jobless aid bill
(AP)
10 Mar 2010 at 12:19am
AP - Highlights of Senate legislation extending unemployment insurance and expired tax breaks:
Soaring China home prices thwart ordinary buyers
(AP)
9 Mar 2010 at 9:45pm
AP - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.
FTSE shares inch lower
(AFP)
9 Mar 2010 at 9:40am
AFP - The FTSE 100 stock exchange slipped fractionally on Tuesday after a bout of cautious trading due to uncertainty over Europe's economic outlook and poor earnings reports, analysts said.
Bristol-Myers CEO's 2009 compensation down 22 pct
(AP)
9 Mar 2010 at 3:57pm
AP - The chief executive of drugmaker Bristol-Myers Squibb Co., James Cornelius, received a 2009 compensation package valued by The Associated Press at $17 million, down 22 percent from 2008, due to the much lower value of his stock awards.
E.On 2009 net income up sharply to $11.4 billion
(AP)
10 Mar 2010 at 1:41am
AP - Germany energy company E.On AG said Wednesday that 2009 net income rose sharply to euro8.4 billion ($11.4 billion) partly as a result of the disposal of assets.
Dutch fine Fortis for false information
(AP)
10 Mar 2010 at 3:13am
AP - Belgian insurer Fortis Holding said Wednesday that Dutch regulators fined it euro576,000 ($781,000) for giving incorrect information about the financial situation of Fortis bank, months before it nearly collapsed and sought government rescue.
Nationalized UK bank Northern Rock back in profit
(AP)
10 Mar 2010 at 12:47am
AP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.
Greek strike to shut down services Thursday
(AP)
10 Mar 2010 at 3:07am
AP - Greek unions say nationwide strikes will shut down all public services, closing schools, customs and tax offices, halting public transport and grounding flights for 24 hours.
Dollar General sues rival chain over colors
(AP)
9 Mar 2010 at 4:48pm
AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.
Commercial delinquency lower than other mortgages
(AP)
9 Mar 2010 at 11:41am
AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.
Oil struggles for clear direction from $81.50
(Reuters)
10 Mar 2010 at 2:49am
Reuters - Oil failed to find momentum in either direction for a clear move away from $81.50 on Wednesday as investors waited for data on U.S. stocks or OPEC's monthly report ahead of next week's meeting to provide impetus.
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