Business and Finance news
August 9, 2011
To succeed as a trader on the floor of the New York Stock Exchange you have to a steely disposition. Traders know the rhythms of the market. And they don’t usually flinch, not even at the top of a rollercoaster.
But as the market opened Monday, dropping nearly 250 points almost immediately, some traders couldn’t help […]
August 4, 2011
Deutsche Telekom AG said Thursday net profit fell 27 percent in the second quarter as it took one-time charges for early retirements in Germany and faced lagging revenue and excessive customer turnover in the U.S. mobile business it is selling to AT&T.
Net profit fell to euro348 million ($496 million) from euro475 million in the same […]
July 17, 2011
The apologies keep coming from Rupert Murdoch, who has taken out a second newspaper ad promising that his News Corp. will make amends for the phone hacking scandal shaking his global media empire.
The ad in several British Sunday newspapers says News Corp. will assist the police investigation and there will be “be no place to […]
July 4, 2011
LONDON
news, real estate - Comments closed
June 19, 2011
Workers at a Target store in New York voted against joining the country’s largest retail union Friday night, but the union said it would contest the results and demand a new election, alleging that the company illegally intimidated the workers.
Both sides said the workers at Target’s Valley Stream store voted 137-85 against unionization. A “yes” […]
April 23, 2011
Authorities in China’s commercial hub of Shanghai say they are easing fees that sparked trucker protests and disrupted the flow of goods through the country’s busiest port.
A government spokesman told official Xinhua News Agency on Saturday that authorities lowered some fees Friday and removed others that had been imposed without prior notice.
Hundreds of drivers parked […]
March 19, 2011
Inflation spooked the nation in the early 1980s. It surged and kept rising until it topped 13 percent.
These days, inflation is much lower. Yet to many Americans, it feels worse now. And for a good reason: Their income has been even flatter than inflation.
Back in the ’80’s, the money people made typically more than made […]
management, news - Comments closed
March 2, 2011
Shareholders of preppy clothing seller J.Crew Group Inc. have approved a $3 billion deal to be taken private by two investment firms.
The $43.50-per-share buyout by private-equity firms TPG Capital and Leonard Green & Partners is expected to close on or near next Monday. J. Crew CEO Millard (Mickey) Drexler, the former Gap Inc. chief credited […]
February 13, 2011
President Barack Obama’s budget plan would cut $100 billion from Pell Grants and other higher education programs over a decade through belt-tightening and use the savings to keep the maximum college financial aid award at $5,550, an administration official said.
Nearly $90 billion of the projected savings would be achieved through two changes, said the official, […]
January 28, 2011
European Central Bank Executive Board member Gertrude Tumpel-Gugerell criticized governments for failing to fulfill their obligations in the monetary union, saying they must do a better job if the central bank is to guarantee the euro’s stability.
“The crisis is clear evidence that parts of the common foundation of the economic and monetary union have […]