Business and Finance News

Shell loses money from Nigerian operation
Beijing News.Net
Royal Dutch Shell says it is losing the equivalent of 30,000 barrels of crude oil per day because of recent attacks against its installations in Nigeria.
UK economic outlook
BBC
The outlook for the UK economy has got worse and the Bank of England must act to stop a major downturn, the British Chambers of Commerce has warned. The current economic slowdown will be...
China invests in new jumbo-jet company
Beijing News.Net
China’s state-owned Asset Supervision and Administration Commission is to set up a US$2.7 billion company in Shanghai to develop and build a large passenger jet.
JVC and Kenwood to team up
Beijing News.Net
The JVC company in Japan will merge with Kenwood Corp on October 1st.
Real watches still have a good market
Beijing News.Net
The wristwatch industry worldwide is being adversely affected by fake products.
Big cattle farm sells for record price
Beijing News.Net
A 3139 hectare cattle and sheep farm in New Zealand’s King Country has sold for NZD$32 million.
Magazine business builds in India
Beijing News.Net
Specialist glossy magazines on anything from cigars, golf and fashion are becoming popular in India.
Alitalia looking for more foreign investors
Beijing News.Net
The Italian government wants to find solutions for Alitalia that will keep it both Italian and privately owned.
World Bank awards money for African power projects
Beijing News.Net
The World Bank Group has awarded millions of dollars to 16 African organisations for innovative lighting projects.
News Corp pulls bid for Newsday
Reuters
Research ) is withdrawing its $580 million bid for Tribune Co's Newsday newspaper, a spokesman for the company said on Saturday, leaving cable television operator Cablevision...
Google gains on Microsoft with hosted security offering
CNet
With every Google enterprise announcement Microsoft must hear the war drums beating. Sure, Google owns the search market. And, as a result, the company is the online advertising leader. But...
Retailers likely to post grim 1st-quarter results
Seattle Post-Intelligencer
After slashing inventory and cutting expenses, the retail industry is still bracing for the largest overall quarterly profit decline in at least nine years when merchants report their...
Startup shows off electric car planned for Israel
Seattle Post-Intelligencer
A Silicon Valley start-up company presented Sunday a prototype of the electric car it says will revolutionize...
Wall Street looks to consumers for direction
MSNBC
With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent — and this week's data could help investors gauge the mindset of the...
Microsoft warns of IE 7 lock in XP SP3
Arabian Business
Microsoft has issued a warning that its latest service pack for Windows XP prevents users from downgrading from Internet Explorer 7 to older versions of the browser. "If you choose to install XP SP3...
Gas prices knock bicycle sales, repairs into higher gear
Seattle Post-Intelligencer
Four-dollar-a-gallon gas is good for business - if you run a bike shop. Commuters around the country are dusting off their old two-wheelers - or buying new ones - to cope with...
G-8 labor officials begin 3-day meeting in Japan
Seattle Post-Intelligencer
Labor ministers from the Group of Eight industrialized nations met with international trade union and business groups Sunday to discuss the...
Girl Model Sites Crossing Line
Wired News
Members can browse photos of a little blonde girl practicing yoga in a white leotard or strutting down a homemade runway in swimsuits. The site also sells videos of a coifed Jessi engaged in...
Rebate excludes many taxpayers with foreign spouses
San Diego Union-Tribune
He is among an estimated hundreds of thousands of taxpayers &#8211; from legal immigrants to soldiers based abroad &#8211; who won't be getting a share of the stimulus package because of a provision...
UAW says American Axle proposal closes plants
MSNBC
United Auto Workers President Ron Gettelfinger said Saturday he thought the union had been close to a contract deal to end a strike against American Axle — until the auto parts supplier...
Oil ends record week near $126
Times Of India
NEW YORK: Investment money continued to pour in to energy markets on Friday, taking crude oil to a fifth straight record-high session, while soybean prices surged after a sharp cut in US harvest ...
Embracing Japanese pop culture
MSNBC
Once one starts listing the examples of Japanese culture infiltrating the United States, it's pretty hard to stop. One of the most-anticipated summer movies, "Speed Racer," is based on a '60s anime....
News Corp. withdraws bid to buy NY newspaper Newsday
San Diego Union-Tribune
NEW YORK &#8211; News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday. The...

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