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Chidambaram leads pep talk to soothe nervous sentiments

allvoices / news — Mon, 13 Oct 2008 12:33:37 -0500

India is maintaining a high vigil to tackle repercussions of the global meltdown, Chidambaram said, adding there was 'no reason at all to give room to panic'. “In my view, there is no reason at all to act in haste or to give room for panic,” said Chi

Chrysler CEO says no deal to announce

allvoices / news — Mon, 13 Oct 2008 12:06:07 -0500

In a memo to employees obtained Monday by The Associated Press, Bob Nardelli says Chrysler doesn't comment on its private meetings. But he says the automaker has spoken with outsiders interested in "exploring future possibilities." This comes after m

Post-Eid freefall

allvoices / news — Mon, 13 Oct 2008 12:01:54 -0500

However, the local stock market cannot escape the pinch, Sherine Abdel-Razek reports For a month now, screens monitoring the movement of share prices in the world's stock markets have been flashing red, the colour of losses. Indices around the globe

Western economic powers finally getting their act together

allvoices / contributed news — Mon, 13 Oct 2008 11:47:35 -0500

Good news from the world’s financial markets at long last. Stock markets in Asia an

Fierce critic of Bush wins Nobel Prize

allvoices / news — Mon, 13 Oct 2008 11:40:36 -0500

Krugman, who is a regular columnist for The New York Times , has been a harsh critic of the Bush administration and the Republican Party. He blames the White House for creating the current financial crisis and pushing the global economy on the verge

Germany to allocate 500b euros to revive ailing financial market: minister

allvoices / news — Mon, 13 Oct 2008 11:35:23 -0500

Economy - Banking Germany is to earmark up to 500 billion euros geared at stabilizing the troubling banking and financial market sector, Finance Minister Peer Steinbrueck announced at a news conference in Berlin on Monday. The 500-billion-euro rescue

Carnival to get rid of fuel charges, raise fares

allvoices / news — Mon, 13 Oct 2008 11:21:24 -0500

Carnival Corp., the world's largest cruise operator, said effective Oct. 31 it will eliminate fuel surcharges on new bookings for 2010 at six brands and raising fares instead. The Miami-based cruise giant also laid out guidelines to reimburse consume

Sharemarket continues losses despite guarantee

allvoices / news — Mon, 13 Oct 2008 11:15:25 -0500

Even a government guarantee for savers' deposits to the tune of $150 billion could not stop the New Zealand market limping to a seventh successive day of losses. On another day of low trading volumes in which small late afternoon losses wiped out mi

Developers Diversified still manages financing

allvoices / news — Mon, 13 Oct 2008 11:14:49 -0500

Despite the crunch on credit and the slowdown of commercial real estate deals, Developers Diversified Realty closed $525 million worth of financing deals and pulled in $73 million from asset sales during the third quarter. The quarter ended Sept. 30,

Even as EU-Iceland relations strain, Reykjavik looks to membership

allvoices / news — Mon, 13 Oct 2008 10:48:34 -0500

Meanwhile, analysts worry that the West's snub of Iceland when it turned to them cap in hand has inadvertently benefitted Russian designs in the north Atlantic Eurosceptic fisheries minister Einar Gudfinnsson told Icelandic radio on Sunday (12 Octob

EU promises to fast track bailout plans

allvoices / news — Mon, 13 Oct 2008 10:42:23 -0500

The EU executive said it now stands as the only neutral judge of individual EU governments' plans to pump billions into the banking sector, and announced a set of rules for the bailouts to meet. States that follow the guidelines published on Monday w

Sunday Tribune, Ireland: EBS stops offering tracker mortgages

allvoices / news — Mon, 13 Oct 2008 10:34:40 -0500

EBS Building Society today announced that it will no longer offer tracker mortgages for new mortgage applicants. Existing customers with tracker mortgages will not be affected. Similarly, customers who already have an offer of a tracker mortgage whic

Tesoro's shares jump on upbeat 3Q guidance

allvoices / news — Mon, 13 Oct 2008 10:28:57 -0500

Its shares jumped on the news, adding $1.51, or 18.1 percent, to $9.85 in morning trading. The stock has ranged between $7.61 and $65.98 over the past year, and is off 82 percent since January. The company said it would record an after-tax accounting

BetaNews: Fidelity National Information Services Completes Sale of Certegy Australia Ltd.

allvoices / news — Mon, 13 Oct 2008 10:21:54 -0500

Fidelity National Information Services, Inc., has completed the previously announced sale of the operating assets of Certegy Australia, Ltd. to Flexigroup Limited for $30 million in cash and other consideration.

AT&T to sell U-verse at Wal-Mart, Circuit City (Reuters)

allvoices / news — Mon, 13 Oct 2008 10:16:53 -0500

AT&T Inc plans to sell its U-verse high-speed Internet and video service at Wal-Mart and Circuit City stores starting this month, stepping up competition against cable service providers. AT&T said on Monday that it would sell U-verse at 600 Circuit C

These Stocks Beat Silver Stocks

allvoices / news — Mon, 13 Oct 2008 10:08:48 -0500

Peabody Energy Peabody Energy, the world's largest coal company, has made big moves to service demand for coal from the Pacific Rim Region, with its beefed-up Australia operations expected to hit full capacity in 2010. MEE ) down, Peabody's contracts

Best Air to launch Singapore, Malaysia flights Oct 20, 21

allvoices / news — Mon, 13 Oct 2008 09:55:40 -0500

Private airline Best Air is going to launch flights from Dhaka to Singapore on Oct 20 and to Kuala Lumpur on Oct 21, chairman of the airline said on Monday. The airline will operate two flights per week on the Dhaka-Singapore route and four on the Dh

Sharper Image to license its brand to maker of massage products

allvoices / news — Mon, 13 Oct 2008 09:42:34 -0500

Sharper Image was purchased out of bankruptcy in May by a joint venture led by investment firms Hilco Consumer Capital, Gordon Brothers and Bluestar Alliance, with a strategy to license its label to other retailers and manufacturers. It's created a l

Honda to make Accord sedans at Lincoln plant

allvoices / news — Mon, 13 Oct 2008 09:36:50 -0500

The Honda Accord V-6 sedan is coming to Alabama, joining the lineup at the Japanese automaker's Lincoln assembly plant . Honda today announced the move to its employees, which will mark the first time the Lincoln plant has produced passenger cars. Pr

Fastenal's 3Q earnings jump 17 percent

allvoices / news — Mon, 13 Oct 2008 08:51:36 -0500

For the quarter ended Sept. 20, earnings rose to $72.9 million, or 49 cents per share, from $62.1 million, or 41 cents per share, a year ago. Excluding a $10 million legal settlement, earnings per share totaled 52 cents per share in the latest period