Business and Finance news
October 8, 2008
The Federal Reserve, European Central Bank and four other central banks lowered interest rates in an unprecedented coordinated effort to ease the economic effects of the worst financial crisis since the Great Depression.
The Fed, ECB, Bank of England, Bank of Canada and Sweden's Riksbank each cut their benchmark rates by half a percentage […]
finance - Comments closed
October 7, 2008
NEW YORK (AP) – The fight over control of Wachovia intensified Saturday, as a judge temporarily agreed to block the sale of the bank to Wells Fargo, Citigroup announced in a news release.
State Supreme Court Justice Charles Ramos issued the order blocking the sale of Wachovia Corp., which Wells Fargo & Co. had […]
economics - Comments closed
October 6, 2008
Service industries in the U.S. expanded at a slower pace in September as companies cut back on hiring.
The Institute for Supply Management's index of non- manufacturing businesses, which make up almost 90 percent of the economy, decreased to 50.2, higher than forecast, from 50.6 in August, the Tempe, Arizona-based group said today. A […]
term - Comments closed
October 4, 2008
The chief executive of Nokia, the world mobile phone leader, gave credit to new competitors from the computer world on Wednesday, but said his company was set to respond to all challengers.
Nokia President and CEO Olli-Pekka Kallasvuo said emerging rivals Apple Inc, Google Inc, Research in Motion Ltd and Microsoft Corp have helped to […]
news - Comments closed
October 3, 2008
Shares of Mosaic Co. dove Thursday, a day after it missed first-quarter earnings estimates and said it would trim its production forecast.
Shares of the Plymouth company, were down over 39 percent, to $40.62 on Thursday, after closing the previous day at $67.51 .
For the first-quarter Mosaic (NYSE: MOS) said late Wednesday it earned $1.18 billion, […]
management - Comments closed