World Business News

Recent World Business News

Learn developments that affect international players and drive the stock markets in Europe, Asia and the U.S.; read about financial earnings and losses reported by traded companies in the world’s most popular stock exchanges; and be updated about currency movements, and other instruments heavily affected by world market forces.

Immersed yourself daily in the details of multi-billion investments, acquisitions, disposals, restructurings, mergers and public offerings. Be entertained with news about the activities of corporate “who’s who.”

House Democrats to Pass Jobs Bill (11/18/2009 7:58:17 AM)
House of Representative Democrats has promised the American people that it will soon come up with a new legislation designed to address high unemployment rate in the country.
Auto Sales Spikes Up, Manufacturing Slides Down (11/17/2009 10:39:07 AM)
The US auto sales has spiked up while the manufacturing sector has slipped for the first time after more than four months of gains, the US Commerce Department said on Tuesday.
Intel Agrees to Pay $1.25 Billion to AMD (11/13/2009 10:55:21 AM)
After more than four years of court battle, Intel Corp has finally agreed to pay AMD more than $1.25 billion for allegedly violating product patents and anomalous business practices.
Ten States Staring at Looming Budget Crisis (11/13/2009 7:33:09 AM)
At least ten major states in the US are now staring at a looming budget crisis as the country continues to feel the effect of the recession.
One-out-of-Five Borrowers Able Acquire Housing Program (11/11/2009 9:17:55 AM)
The US Treasury Department on Wednesday said that the mortgage stimulus package offered by the Obama administration was able to reach some 20 percent of qualified homebuyers.
House Passes Tax Credit for Homebuyers, Obama to Sign $8K Incentives (11/6/2009 10:17:23 AM)
The United States Congress, following calls of President Barack Obama, has passed a bill that would give up to $8, 000 tax credit to first time homebuyers. The move was part of the government stimulus package, which aims to ensure the smooth flow of the economic recovery.
Three Million Acres Can Be Farmed Once Again (11/4/2009 8:51:18 AM)
More than three million acres of bare lands in the United States were lifted from the farming ban of the US government, making it usable once again for farming. However, the economic and environmental repercussions of the program expiration may be more devastating to the region rather than its profitability.
North Houston Bank Shuts Down (11/2/2009 10:14:11 AM)
The financial crisis hit and a Houston-based bank failed. It was shut down on Friday by the government as part of the nine banks closed by bank regulators. Shutting down North Houston Bank means that the recession is still covering the economy.
Profit from Seven Financial Stocks (10/31/2009 9:08:03 AM)
Banks are now moving away from traditional banking in order to shore up capital ratios and goose their profits. Now, a handful of players globally are getting in full position to fill the void. The seven financial stocks of profit are named.
Metro Job Market Falls in some 223 Areas (10/30/2009 7:07:29 AM)
A new study showed that metro job market fell in some 223 metro areas in the US as Americans who were discouraged by the recent massive job cuts being implemented by companies have stopped looking for another job.
BofA Wants Customer Trust (10/29/2009 10:46:31 AM)
Luxury Carmaker Fisker to Buy Idled GM Plant for Hybrid Production (10/29/2009 8:41:05 AM)
Verizon Post 30 Percent Drop in Profit Due to Reconstruction Costs (10/27/2009 11:58:26 AM)
Discussions on TARP Repayment of BofA (10/26/2009 8:43:37 AM)
Craigslist Scores Legal Victory against Detractors (10/25/2009 10:58:57 AM)
Wal-Mart Eyes Positive Gains After Cuts, Slower Growth Rate (10/24/2009 9:20:25 AM)
Competition among Restaurant Chains Tightens, Sales Continue to Fall Down (10/22/2009 8:59:18 AM)
Nissan Exec Bares Plans to make Batteries as Core Business (10/20/2009 7:37:56 AM)
Windows 7 Adoption in Business May Be Slowed Down by Bad Economy (10/19/2009 8:33:00 AM)
Pfizer Set to Buyout Rival Wyeth after Govt Agreed (10/16/2009 8:07:43 AM)
Wal-Mart to Open Online Store for Health and Beauty Products (10/14/2009 11:34:28 AM)
Employers Lock Down on Use of Social Networking Sites (10/12/2009 8:20:22 PM)
Sales Turning Upward-Retail Store Owners (10/10/2009 6:16:30 AM)
Amazon Introduces Kindle to Global Community (10/7/2009 8:15:31 AM)
Dire Economy Drags Down Internet Advertising Revenue (10/6/2009 10:58:31 AM)
Second-hand Retailers Profit More during Recession (10/6/2009 6:28:30 AM)
Bankruptcies in Consumer Market Spike up in September (10/4/2009 8:19:49 AM)
Economy Starts Recovery, But Crisis Not yet Over - IMF (10/2/2009 7:10:15 AM)
Consumer Confidence Drops Unexpectedly in September (9/30/2009 7:14:52 AM)
High Jobless, Early Retirement Rate Takes Toll on Social Security (9/29/2009 6:07:39 AM)
Isabella Rossellini Eyes Profit in Online Videos (9/28/2009 11:44:58 AM)
Demand Decline to Force Cuts in Airbus Production (9/27/2009 9:02:17 AM)
Chevron Tags Ecuador in $27-Billion Pollution Case (9/24/2009 7:40:36 AM)
GM to Increase Output in Three Major Factories (9/23/2009 6:46:37 AM)
Democrats Promise Overdraft Fees Crackdown (9/22/2009 10:40:49 AM)
Aviation Industry to Slash Carbon Emission by 2050 (9/22/2009 7:25:37 AM)
Fed Questions Pay of Bankers (9/20/2009 7:11:58 AM)
Anti-war Groups to Highlight Women and Children Issues at G20 Summit (9/20/2009 6:35:55 AM)
Top Apparel Firm A&F files lawsuit against Beyonce over Perfume Copyright (9/17/2009 8:47:39 AM)
Volkswagen Eyes Two More Brands Following Porsche Acquisition (9/15/2009 10:03:43 AM)
Retailers Focuses on Consumer “Needs” rather than “Wants” (9/14/2009 6:15:17 PM)
Car Sales Struggle Anew After Clunkers Program (9/14/2009 8:28:36 AM)
Slump Sales Forces Porsche to Cut Workers’ Hours (9/4/2009 8:16:37 AM)
Hyundai, Ford Post Sharp Increase as US Auto Sales Boom (9/2/2009 8:33:13 AM)
Wal-Mart Sees Partnership with other Online Vendors (9/1/2009 7:50:00 AM)
New Mortgage Applications Increase Due to High Refinancing Demands (8/28/2009 7:23:21 AM)
Mobile Banking Will Soon Be Available in Nokia Phones (8/27/2009 8:49:38 AM)
Toyota to cut Global Production by 10 Percent or 1 Million Cars (8/26/2009 8:41:10 AM)
Existing Home Sales Hits 10-month High in July (8/21/2009 8:13:15 AM)
Germany pushes for 1M Electric vehicles by 2020 (8/20/2009 8:33:27 AM)
GM Increases Output as Sales Rise (8/19/2009 7:33:26 AM)
Three Charged With Largest Identity Theft in the US (8/18/2009 9:12:43 AM)
500 News Orgs Sign Up for Online Venture (8/14/2009 8:01:24 AM)
Worldwide Mobile Phone Sales Drop Six Percent (8/13/2009 8:27:40 AM)
Lean Inventories, Production surge seen –Labor Dept (8/12/2009 10:40:06 AM)
GM’s Volt Plus 260mpg in City Driving (8/12/2009 8:34:42 AM)
Recession to End in Third Quarter (8/11/2009 10:29:47 AM)
GM Will Remain Weak Till 2010 (8/10/2009 10:30:48 AM)
Burgerville’s “Green” Burgers Acquires Niche Market (8/10/2009 7:14:38 AM)
Daimler, BMW Deliveries Drop in July (8/8/2009 7:31:13 AM)
Mortgage Firm Fannie Mae Asks For $10.7 Billion Rescue Aid Following Q2 Loss (8/7/2009 11:38:55 AM)
Consumer Spending, Pending Home Sales in June Rise (8/5/2009 7:40:03 AM)
Modest Economic Recovery to Start in Eurozone in 2010 -- IMF (7/31/2009 8:23:33 AM)
No House List of Too-Big-To-Fail Institutions (7/28/2009 7:20:47 AM)
WTO Says Trade Contraction Hits Bottom (7/25/2009 8:16:31 AM)
World's Largest Bookseller Launches Largest eBookstore (7/23/2009 6:49:05 AM)
Survey Shows Recession Slowing Down, But Not Over Yet (7/20/2009 11:35:12 AM)
France to Remove Shopping Ban on Sundays (7/20/2009 8:39:41 AM)
Wal-Mart Plans to Put "Green Rating" to All Products (7/17/2009 10:13:03 PM)
Research Shows Netbook Shipment to Double This Year (7/14/2009 9:21:55 AM)
Nine Managers Tapped by Treasury for Toxic-Debt Program (7/12/2009 8:21:01 AM)
Unemployment Rate Indicates Weak Economy (7/11/2009 11:29:21 AM)
Job Losses Prevents Prospective Buyers to Buy New Homes (7/11/2009 9:15:42 AM)
Mishkin Says Fed Must Quit Consumer Protection (7/8/2009 9:29:58 AM)
Google Declares War against Microsoft with New Software (7/8/2009 8:15:55 AM)
Oil Price Falls amid Stronger Dollar (7/6/2009 8:15:58 AM)
Massive Losses Prompt BT to Take Drastic Measures, Offers Staffs a Year Off (7/5/2009 10:48:04 AM)
Volkswagen Bares Plans to Build First Electric Car By 2013 (7/5/2009 8:18:48 AM)
PC Makers Ignore Web Filter Cries, Ship Computers with Software into China (7/4/2009 6:51:08 AM)
Rising Protectionism Prompts WTO to Cut Trade Forecast (7/3/2009 10:56:04 AM)
Hazardous Toys and Cribs Pulled Out (7/3/2009 8:09:21 AM)
Lenders Offset Losses and Bank Fees Rise (7/2/2009 8:33:18 AM)
Investors Demand Answers on Steve Jobs' Health (6/30/2009 6:36:19 AM)
German automakers denied rift on merger (6/29/2009 9:45:39 AM)
Samsung wins infringement case, Sharp TV and monitors banned in US (6/26/2009 12:00:08 AM)
Citigroup Raises Employees' Salaries (6/25/2009 11:29:21 AM)
FASB's Independence has eroded (6/23/2009 12:50:43 PM)
Nestle Recalls Cookie Dough Products (6/21/2009 1:37:26 PM)
Closure of Southern Community Bank (6/20/2009 7:20:59 PM)
650 Jobs Shed by Second Largest Bank (6/19/2009 11:21:57 AM)
Fight between Consumer Agency and Banks (6/19/2009 10:16:37 AM)
Signs of Stability Seen by Global Finance Chiefs (6/15/2009 11:22:08 AM)
Brand New Wall Street Kings (6/15/2009 11:16:38 AM)
Hiked Home Loan Rates of Commonwealth Bank (6/13/2009 12:54:38 PM)
Market's Cool Reaction to Bank Bailout Repayment (6/10/2009 10:33:51 AM)
Oil is almost $70 in a Recession (6/8/2009 2:32:48 PM)
$4.5 Billion Tobacco Stocks Owned by Health Insurers (6/8/2009 10:28:50 AM)
Choosing Between Debit or Credit (6/6/2009 11:30:18 AM)
Wal-Mart to Hire 22,000 Workers (6/5/2009 11:00:10 AM)
Consumer Spending Weak Despite Rising Income (6/2/2009 3:55:31 PM)
Global Spending Improving - Survey (6/2/2009 2:05:55 PM)
Survey Says Oil Price to Continue Rising (6/1/2009 12:26:37 PM)
Gas Prices are going up In Spite of Weak Demand (5/30/2009 5:30:25 PM)
OPEC to Maintain Its Oil Production Quota (5/27/2009 2:09:01 PM)
Survey Says Honda Beats Toyota in Auto Parts Supply (5/26/2009 4:46:15 PM)
Consumer Groups Demand J&J To Remove Cancer-causing Chemicals in Shampoo (5/26/2009 3:41:56 PM)
End of Huge Conglomerates (5/26/2009 10:30:40 AM)
More People Using Online Classified Ads - Study (5/23/2009 3:05:41 PM)
Fiat to Layoff 10,000 Workers (5/22/2009 12:29:16 PM)
Fake News of Bank Recovery (5/5/2009 10:29:59 AM)
Milan Seized Funds of Four Big Banks (5/3/2009 10:04:44 PM)
Exports Fall Economy Shrinks (5/3/2009 10:21:56 AM)
Government Shuts Down Economy in Mexico Amid Flu Scare (4/30/2009 1:03:30 PM)
Oil Prices too Low - OPEC (4/27/2009 10:17:58 AM)
Home Sales Fall 7.1 Percent: NAR Report (4/26/2009 10:30:49 AM)
Global Trade Will Survive Recession Despite Protectionism (4/24/2009 12:23:37 PM)
Toyota to Slash Price of E-car (4/21/2009 11:48:07 AM)
Steelmakers Cut Output (4/13/2009 11:28:53 AM)
International Cooperation to End Recession: Obama (4/11/2009 12:01:02 PM)
G20 Urges IMF to Inject More Money to Poor Countries (4/6/2009 12:50:45 PM)
Planes Pile Up as Less People Travel (4/5/2009 1:40:16 PM)
50 Million Blackberry Sold Amid Recession (4/3/2009 10:41:32 AM)
World Economy Hit Bottom, Bounces Back (3/30/2009 1:19:21 PM)
No Spending Pledges to Take Place - UK (3/29/2009 1:05:13 AM)
EU President Criticizes US Stimulus Plan (3/26/2009 1:09:51 AM)
World Leaders Prepare for Economic Conference (3/23/2009 2:13:25 AM)
EU Leaders Say No More Stimulus Spending (3/21/2009 3:21:47 AM)
Sony to Trim Workers' Bonuses (3/19/2009 1:27:03 AM)
OPEC Plans Another Oil Cut Production (3/15/2009 1:38:12 AM)
Toyota Plans to Introduce Low-cost Hybrid Cars (3/14/2009 1:36:00 AM)
Obama Urges World Leaders to Boost International Demands (3/9/2009 1:02:17 AM)
More Job Losses in February (3/7/2009 1:22:59 AM)
Poor Countries Need Extra Financing - IMF (3/5/2009 1:10:42 AM)
EU Finance Ministers Discuss Global Crisis (2/23/2009 1:38:45 AM)
Citigroup Inc. to Use $36.5 Billion to Boost Lending (2/4/2009 1:12:24 AM)
Slumping Sales Continue to Hunt Car Industry (2/1/2009 1:38:30 AM)
EU Warns Recession Worse than Expected (1/20/2009 1:10:07 AM)
Consumers Spend Less on Last Holiday Season (1/11/2009 1:49:13 AM)
British PM Rebuffs New Bailout Proposal (1/5/2009 10:14:27 AM)

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