Business and Finance news
April 20, 2011
Japan’s exports in March fell for the first time in 16 months, hit by the fallout from last month’s massive earthquake and tsunami, which destroyed factories and crippled supply chains, the government said Wednesday.
Auto exports especially took a beating in the month as the twin disasters forced Toyota, Honda and Nissan to suspend their all […]
March 15, 2011
One of the top conservatives in the House is opposing a measure to keep the government running for three more weeks while the White House and Republican lawmakers seek a longer-term agreement on spending cuts.
Republican Rep. Jim Jordan of Ohio chairs a group of conservative lawmakers that makes up a sizable majority of House Republicans.
Jordan […]
March 6, 2011
U.S. markets fell sharply Friday as oil prices jumped to more than $104 a barrel. Still, stocks managed to eke out gains for the week.
The Dow Jones industrial average (INDU) dropped 88 points, or 0.7%, to 12,170. The Dow had lost as much as 170 points earlier in the session.
The S&P 500 (SPX) […]
February 18, 2011
Stocks are little changed in early trading on a day with little expected in the way of economic reports or corporate earnings announcements.
Major indexes have risen steadily this month. The Dow Jones industrial average has fallen on only three trading days in February. The Dow is up 0.4 percent this week. The S&P 500 is […]
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February 9, 2011
Investors in the do-it-yourself version of Missouri’s college savings plan should see a 44 percent reduction in fees starting in June, state Treasurer Clint Zweifel said today.
The fee reduction was negotiated as part of the state’s five-year deal with the investment firms that administer the program, called Missouri Saving for Tuition, or MOST.
Zweifel said 27 […]
January 30, 2011
The upper house of the Irish legislature is preparing to resume debate on a contentious Finance Bill needed to comply with terms of the country’s international bailout.
The lower house is standing by to reconvene Saturday evening if the upper house makes any amendments to the bill.
The Finance Bill is designed to comply with a massive […]
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January 5, 2011
FedEx Corp., the second-largest U.S. package-shipping company, started direct cargo flights between southern China and India to meet rising demand for express deliveries.
The company expects “dramatic growth in trade” between China and India, David Cunningham Jr., Asia-Pacific president of the FedEx Express unit, said in a Bloomberg Television interview in Hong Kong today. […]
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December 28, 2010
U.K. house prices fell for a sixth month in December and will extend their decline in 2011 on “weak” demand and tighter mortgage-lending conditions, Hometrack Ltd. said.
The average cost of a home fell 0.4 percent from last month, and prices will drop a further 2 percent in 2011, the London-based property researcher said in […]
December 23, 2010
Managers at Heathrow boasted last month that the world’s busiest international airport was working flat out to ensure it “will once again be prepared for the onset of winter.”
Then a few inches of snow fell, and Heathrow shut down. Passengers slept on floors under foil blankets, or were turned away outside terminals, Christmas travel plans […]