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No relief seen in global economic crisis

Gwalior :: India | about 1 hour ago | Business News

Posted by city786

WASHINGTON - The global economy saw more signs of distress on Thursday with U.S. stocks plunging for a second consecutive day, oil prices falling, a surprise rate cut in Switzerland, export woes in Japan and rescue loans to Turkey and...

18 news stories / 0 blog posts / 2 images / 12 videos / 1 voice

European, Asian markets rebound despite US losses

London :: United Kingdom | about 8 hours ago | Business News

Posted by arjun

LONDON - European and Asian stock markets rebounded Friday as expectations of a recovery on Wall Street prompted investors to scoop up battered financial and energy shares. The FTSE 100 index of leading British shares was up 42.78 points, or...

31 news stories / 8 blog posts / 0 images / 30 videos / 0 voices

Japan may keep interest rates steady

Tōkyō :: Japan | about 16 hours ago | Business News

Source: GMA News

Japans central bank, which kept its already low interest rates on hold Friday, looks like it may coast in neutral for a while despite signs of a prolonged economic slump at home and abroad. The Bank of Japan last month...

22 news stories / 15 blog posts / 23 images / 29 videos / 0 voices

Smucker reiterates full-year earnings forecast

Orrville :: OH :: USA | about 9 hours ago | Business News

Source: International Business Times

The jelly and jams maker still anticipates a profit between $3.45 and $3.50 per share, which excludes restructuring and other costs. The outlook includes the company's acquisiton of Folgers coffee, which it acquired from Procter & Gamble Co. earlier this...

10 news stories / 1 blog post / 9 images / 6 videos / 0 voices

Poor sales hammer publisher-broadcaster

London :: United Kingdom | about 9 hours ago | Business News

Source: Miami Herald

Media General (MEG), the newspaper publisher and broadcaster, reported October publishing sales fell 17 percent, and a top investor disclosed stock sales. Total revenue fell 5.8 percent to $85.9 million last month from a year ago as tumbling sales at...

9 news stories / 3 blog posts / 3 images / 12 videos / 0 voices

Citigroup Tries to Stop the Drop in Its Share Price

New York City :: NY :: USA | about 7 hours ago | Business News

Posted by arjun

For months, the nation's largest banks have struggled to regain investors' trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated on Thursday, sending shock waves through the financial world.The shares slumped 26 percent Thursday; the...

20 news stories / 9 blog posts / 14 images / 20 videos / 0 voices

Congress Sends Detroit Execs Back — With Homework

Washougal :: WA :: USA | about 10 hours ago | Business News

Posted by arjun

House Speaker Nancy Pelosi of Calif, second from left, talks during a news conference on Capitol Hill in Washington to discuss the auto industry bailout. Faced with the choice of bailing out the ailing auto industry or letting it fail,...

28 news stories / 2 blog posts / 7 images / 9 videos / 0 voices

Europe, Asia Weigh on Heinz Results

Milwaukee :: WI :: USA | about 7 hours ago | Business News

Source: Asian Wall Street Journal

Heinz Co. reported a 22% increase in fiscal second-quarter net income amid higher prices and currency-hedge gains, but volume fell as Europe, Asia and restaurants pared back on purchases of the company's products. While its North American consumer-products business saw...

6 news stories / 0 blog posts / 1 image / 6 videos / 0 voices

Darling may force British banks to lend

London :: United Kingdom | about 8 hours ago | Business News

Source: The Irish Times

The reports said Darling was looking at measures which could include capping interest rates on loans to small firms, while a leading Labour politician accused the banks of "navel gazing" and even suggested full-scale nationalisation as a last resort.

6 news stories / 8 blog posts / 2 images / 17 videos / 0 voices

Job losses increase across Florida in October

Bradenton :: FL :: USA | about 5 hours ago | Business News

Source: Bradenton Herald

The state's labor agency that collects the figures noted Friday that Florida's unemployment is now a half percent higher than the national average and 2.7 percent higher than October of 2007, which translates to more than 156,000 lost jobs over...

5 news stories / 0 blog posts / 9 images / 17 videos / 0 voices