76251 results returned for search: "" category "Business"
NEW YORK (AP) — Stocks had another turnaround yesterday and rocketed higher after China reassured investors it doesn't plan to sell the European debt it holds.
The Dow Jones industrial average surged nearly 285 points. Treasury prices tumbled as trad...
DATE: May 28, 2010
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LONDON (Reuters) – British Prime Minister David Cameron said yesterday there was an international consensus on the need for urgent deficit cuts, but faced dissent from within his own party over plans to raise taxes on asset sales.
Cameron, whose cent...
DATE: May 28, 2010
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CANBERRA (Reuters) – Australia left open the possibility of watering down its proposed 40 percent mining tax yesterday, as fund managers asked mining companies to tone down their rhetoric, saying it had hurt shares held by workers and pension funds.
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DATE: May 28, 2010
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TOKYO (AP) – Honda's four auto assembly plants in China have ground to a halt after workers at a parts maker went on strike demanding better wages.
The strike comes after Honda Motor Co.'s announcement earlier this week of an aggressive plan to boost...
DATE: May 28, 2010
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SAN FRANCISCO (AP) – Advertising revenue at US newspapers fell ten percent to $6 billion in the first quarter from the same period last year. That is the lowest rate of decline in more than two years.
The statistics released yesterday by the Newspape...
DATE: May 28, 2010
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BEIJING (AP) – Lenovo Group, the fourth-largest personal computer maker, reported its third straight quarterly profit yesterday on strong sales growth in China and a revival in demand from business customers.
Lenovo said profit for the three months e...
DATE: May 28, 2010
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WASHINGTON (Reuters) – The US economy grew at a slightly slower pace than previously estimated in the first quarter but the recovery still appeared solid, suggesting the economy could withstand fallout from a European debt crisis.
Gross domestic prod...
DATE: May 28, 2010
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Members of the executive team at The Fairmont Hamilton Princess hung up their jackets yesterday to cook, serve and press laundry in order to understand first-hand the challenges faced by front-line staff at the hotel.
Yesterday's job swap is part of...
DATE: May 28, 2010
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NEW YORK (Bloomberg) — Scorpion Offshore Ltd., an offshore oil rig company, recommended shareholders accept an offer by Ensco plc to buy 19 percent of its outstanding shares in an attempt to fend off a takeover by Bermuda-based Seadrill Ltd.
Ensco (B...
DATE: May 28, 2010
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NEW YORK (Bloomberg) — Prices for offshore oil-rig insurance have jumped 40 percent to 50 percent after the explosion and sinking of the drilling platform in the Gulf of Mexico last month, according to one of the rig's insurers.
The accident resulted...
DATE: May 28, 2010
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