Business and Finance news

Intel Corp, the world’s biggest chip-maker, expects the launch of Microsoft’s new Windows 7 operating system to prompt corporate buyers to replace hardware in 2010, a company executive said on Tuesday.
“With Windows 7 coming along, you’re going to see that as a factor in corporate computer purchasing. That stuff will start moving the PC […]

When hunting for cash, desperate small business owners may find themselves sucked into buying books and software packages promising "Billions in Free Grants!" from Web sites with names like NeverPayItBack.com, or hiring consultants who promise to find them gads of money. All they’re likely to get, though, are empty promises.
Grants are rare, but the […]

Profits are down at Hillenbrand, America’s largest maker of caskets. Admittedly, this fact sounds like the setup for a punch line, but the cause of the shortage in stiffs contains lessons for politicians and business leaders alike.
Hillenbrand’s CEO, Kenneth Camp, explained his company’s main problem this way in a recent conference call with […]

Stephen Roach, chairman of Morgan Stanley Asia, said investors are wrong to bet that China will restrain its unprecedented stimulus after the economy accelerated in the third quarter.
“The Chinese really are fixated on one thing and one thing alone which is social stability — they don’t want to take a risk of another […]

The Bank of England should expand its bond-purchase program to as much as 200 billion pounds ($316 billion) next month to secure Britain’s recovery from recession, the British Chambers of Commerce said.
“With quantitative easing, there’s still scope for some more,” David Frost, director general of the BCC, said in a Bloomberg Television interview. […]

Ashoka Mody, an assistant director of the International Monetary Fund’s European department, was in critical condition today after he was shot in the garage of his Bethesda, Maryland home last night, police said.
Mody, an economist originally from India, has worked at the IMF for eight years and is mission chief to Germany and […]

Japan’s broadest indicator of economic health rose for a fifth month in August as global stimulus spending helped the country emerge from its worst postwar recession.
The coincident index, a composite of 11 indicators including factory production and retail sales, climbed to 91.4 in August, the highest since November, from a revised 89.8 a […]

The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the “too big to fail” doctrine and shrink the shadow banking system that operates outside the reach of regulators.
FDIC Chairman Sheila Bair, speaking to the Institute of International Finance meeting here, said a U.S. proposal to create […]

Former Federal Reserve Chairman Alan Greenspan said the U.S. will have to both tighten credit and raise taxes as the economy pulls out of the worst recession since the 1930s.
“The presumption that we’re going to be able to resolve this without significant increases in taxes is unrealistic,” Greenspan, 83, said in an interview […]

International Monetary Fund Managing Director Dominique Strauss-Kahn called on leaders from the Group of 20 nations to maintain efforts to pull the world economy out of recession, and predicted China will play a larger role in shaping a sustainable recovery.
“Suddenly, we’re in a better position to have this kind of cooperation and economic […]