Business and Finance news

The European Central Bank said its offerings of three-month cash will return to variable interest rates on April 28. President Jean-Claude Trichet made the announcement at a press conference in Frankfurt.
“Amounts will be set with the aim of ensuring smooth conditions in money markets” and avoiding “significant spreads” between the ECB’s benchmark rate […]

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European Union Monetary Affairs Commissioner Olli Rehn will likely push Greece to do more to cut its budget deficit today as governments craft a possible rescue package for the cash-strapped nation.
Rehn will meet with Prime Minister George Papandreou as German lawmakers say euro-area officials are devising a plan to grant Greece about 25 […]

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Coca-Cola Co. may buy the North American operations of its biggest bottler, a deal that echoes a move by rival PepsiCo in response to falling soft-drinks sales, The Wall Street Journal reported Wednesday.
If the partial acquisition of Coca-Cola Enterprises Inc. goes through, the rest of the bottler would remain independent and buy […]

Sun Hung Kai Properties Ltd. shares jumped after the developer sold 900 homes in Hong Kong for HK$4.2 billion ($540 million) over the weekend, fueling speculation the city’s housing market is overheating.
Shares of the world’s biggest developer by market value added 1.7 percent to HK$101.80 at 10:41 a.m. Hong Kong time after gaining […]

Timothy Hendron, who is believed to have gone on a homicidal rampage at his workplace Thursday, was suing his employer and Fidelity Management Trust Co., the mutual fund giant. He claimed that he and fellow employees were victimized by excessive fees charged in their 401(k) retirement plan.
Hendron, of Webster Groves, was one of […]

"Life is like a box of chocolates. You never know what you’re gonna get," Forrest Gump said in the classic 1994 film.
The same goes for buying a computer. It’s a box hiding items of varying quality inside.
I recently helped two frustrated HP buyers get replacements and another HP buyer get a repair for computers […]

A group of noteholders of bankrupt regional theme park operator Six Flags Inc said on Sunday it submitted an alternative reorganization plan that transfers most of the equity to them.
The group said their plan, submitted to Six Flags’ board of directors on November 25, was supported by noteholders owning more than $500 million of […]

Twitter Inc. will reportedly try premium accounts in Japan through its subsidiary there, according to reports from Asia on Friday.
Media Asia reported that an official from DG Mobile, a subsidiary of Twitter's Japanese partner Digital Garage, talked about the plans at the Mobidec2009 conference.
The site said the premium accounts will show some text on tweets […]

In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday.
Almost 10.7 million U.S. mortgages were "underwater" as of September, said research firm First American CoreLogic.
Another 2.3 million homeowners are within 5% of negative territory, […]

Wal-Mart’s much-awaited Black Friday deals will focus on a gamut of gadgets such as high-definition TVs, laptops and Blu-ray players, as well as holiday gift favorites such as toys and DVDs, according to a copy of the retailer’s circular obtained by CNNMoney.com.
While not confirming the entire circular, a Wal-Mart spokeswoman confirmed some of the […]