Business and Finance News
- Nigerian president warns that oil developers will flee
Central Asia News.Net
President Umaru Musa Yar'Adua of Nigeria has visited the town of Yenagoa in the Niger Delta region.
- New man at the helm of Fiat
Central Asia News.Net
In Italy, it has been announced that John Elkann will become the new head of Fiat, at the age of 32.
- Real estate plan for new Abu Dhabi stock exchange
Central Asia News.Net
A new multi-billion dirham real estate development has been announced for Sowwah Island in Abu Dhabi.
- Egyptian finance companies consumed by Global
Central Asia News.Net
Cairo based companies, Egypt Capital Trust and Misr International Securities have been taken over by leading international investment firm Global Investment House.
- British Airways on the lookout for new blood
Central Asia News.Net
British Airways has ignited fresh speculation over the continuing role of Willie Walsh, the airline's chief executive.
- Venezuela and China in new oil venture
Central Asia News.Net
Venezuela and China have signed deals for a joint venture to produce oil in Venezuela's Orinoco area to supply a new 400,000-barrel-a-day refinery that will be built in China.
- Overseas funds help build Qatar desalination plant
Central Asia News.Net
Gas-rich Qatar has signed deals to build a US$3.8 billion-dollar desalination and power plant.
- Australian budget will penalise the rich
Central Asia News.Net
Australia’s Federal Budget, which will be handed down on Tuesday, will include higher taxes for luxury cars.
- Wall Street Gains On Stronger Dollar
WBZ
NEW ― Wall Street advanced moderately Monday as a rising dollar cooled some concerns about inflation and helped keep oil prices in check. The Dow Jones industrials at times rose...
- Stocks advance as oil falls, dollar advances
San Diego Union-Tribune
... amp;amp;#8220;This market does seem to be reacting positively to any sort of easing we see in the energy patch,” said Craig Peckham, market strategist at Jefferies & Co. Investors also got some...
- Recession is just beginning
San Diego Union-Tribune
NEW YORK – JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. recession is just beginning. ...
- Microsoft President Jeff Raikes leaving to head Gates Foundation
Beta News
Bill & Melinda Gates Foundation , the organization announced Monday.Raikes will take the reigns from Patty Stonesifer, also a former Microsoft executive, who has served as CEO for the foundation...
- Former AIG chief Greenberg urges AGM delay
Reuters
... amp;quot;Several top shareholders of AIG have called me expressing deep concern about the persistent and seemingly endless destruction of value at AIG," Greenberg said in the letter to the board, a...
- Old gas pumps can
Seattle Post-Intelligencer
Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning...
- Hewlett-Packard said to be close to buying EDS
International Herald Tribune
Hewlett-Packard, a personal computer and printer maker, is close to a deal to acquire the Electronic Data Systems, the operator of corporate computer systems, for $12 billion to $13 billion, people...
- Clear Channel talks said under way
Reuters
Two sources familiar with the matter told Reuters that settlement talks were ongoing, while a third said discussions between the banks and buyers had been on and off since litigation started in...
- Mortgage cos. reveal damage from housing crisis
San Diego Union-Tribune
NEW YORK – Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the...
- U.S. retail diesel fuel at record $4.33/gallon-EIA
San Diego Union-Tribune
WASHINGTON – The average price U.S. truckers paid for diesel fuel soared 18.2 cents over the last week to a new record high of $4.33 a gallon, the federal Energy Information Administration said...
- Saturday Postal Deliveries
Sky News
Six-day delivery service will stay Pat McFadden told Sky's Jeff Randall Live that the Government, the Royal Mail and the postal watchdog are all determined to maintain the current delivery...
- DXP Enterprises Announces First Quarter Results
CNBC
DXPE today announced net income of $5,439,000 for the first quarter ended 2008, with diluted earnings per share of $.80 compared to net income of $3,727,000 and diluted earnings per...
- Fluor earnings jump 63%; company lifts outlook
Market Watch
... reported late Monday first-quarter net income rose to $138 million, or $1.50 a share, from $84.6 million,to $4.81...
- Hewlett-Packard, Electronic Data Near Merger
CFO
2008 Hewlett-Packard and Electronic Data Systems confirmed rumors that gripped the markets Monday afternoon that they are in advanced discussions about a possible business combination. Both...
- Microsoft sells two millionth Zune, but sales show little growth
Beta News
... complete revamp of its Zune portable media player last October and a new software update that brings TV downloads, sales of Microsoft's iPod rival have yet to increase.In the two years since the...
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