Business newsBusiness news are continually updated from many sources around the net |
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EDF says Britain is priority Reuters UK | 2 hours 27 minutes ago PARIS (Reuters) - French power giant EDF restated its ambitions to take on Europe, naming Britain, Spain and Belgium as key targets of expansion.
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Crude price approaches $130 International Herald Tribune | 2 hours 27 minutes ago Investors ignored the supply picture for the summer and instead focused on bullish forecasts from investment banks and the influential investor T. Boone Pickens.
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Profit slides at major U.S. retailers International Herald Tribune | 2 hours 27 minutes ago Home Depot, the world's largest home-improvement chain, and the discount retailer Target said earnings fell as U.S. shoppers, facing higher prices for food and fuel, curbed spending.
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U.S. wholesale inflation slowed in April International Herald Tribune | 2 hours 27 minutes ago The Labor Department reported Tuesday that inflation at the wholesale level in the United States slowed in April following a huge increase in March.
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EU farm proposal set to trigger U.K.-France tussle International Herald Tribune | 2 hours 27 minutes ago The plans, which cover the period to 2013, broadly aim at moving Europe's Common Agricultural Policy further away from market-distorting systems like quotas, which keep prices artificially high, and away from payments to farmers linked to the amount they produce.
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At Yahoo, Icahn asks for one thing, but wants another International Herald Tribune | 2 hours 27 minutes ago Carl Icahn does not want to win the proxy contest he has started at Yahoo - not if winning means joining the board and running the company.
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Hopes for political change in India's Silicon Valley International Herald Tribune | 2 hours 27 minutes ago With a new electoral map giving urbanites more influence, Bangalore executives hope this week's state election will bring in politicians who can help clear red tape and infrastructure bottlenecks.
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U.S. stocks slip on fears of more bank write-downs International Herald Tribune | 2 hours 27 minutes ago Prices fell Tuesday after analysts predicted more credit losses at banks and a report on producer prices indicated rising inflation may threaten profits.
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EU seeks concessions from India on trade International Herald Tribune | 2 hours 27 minutes ago The European Union's trade commissioner, Peter Mandelson, wants movement in the talks in the next year to 18 months.
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U.S. Senate reaches deal on troubled mortgages International Herald Tribune | 2 hours 27 minutes ago Legislation aimed at helping hundreds homeowners in danger of foreclosure would expand the availability of government-insured mortgages while also creating a new regulatory agency.
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London cleans up for the 2012 games International Herald Tribune | 2 hours 27 minutes ago The decision by the British government to transform industrial land, soaked with chemicals and dotted with warehouses, helped London to win the games, but clearing the site will cost £364 million.
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Senate Panel Approves Housing Bill Compromise New York Times | 2 hours 36 minutes ago The bill is aimed at helping hundreds of thousands of homeowners in danger of foreclosure by expanding the availability of government-insured mortgages.
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Fresh move on global trade deal BBC News | 2 hours 38 minutes ago The World Trade Organisation (WTO) publishes new draft plans to try and restart the Doha global trade round.
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U.S. farm bill reaches deep into cities International Herald Tribune | 2 hours 45 minutes ago Beyond subsidies, the farm bill touches on many issues of enormous importance to lawmakers and their constituents, rural and urban alike.
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Merck Agrees to Settlement Over Vioxx Ads New York Times | 2 hours 48 minutes ago The drugmaker has agreed to pay $58 million as part of a multistate settlement concerning advertising for the now-withdrawn painkiller.
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In Britain, Marks & Spencer warns of tougher times for retail International Herald Tribune | 2 hours 58 minutes ago Yet the company proved to be resilient, reporting a higher-than-expected full year profit of £827.1 million on sales that rose 5.1 percent to £9.02 billion.
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Bankers move to the fore in merger and acquisition deals International Herald Tribune | 3 hours 3 minutes ago They have picked up the slack as private equity players keep a low profile, but debt financing remains difficult.
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Morgan Stanley shutters UK mortgage unit Reuters UK | 3 hours 9 minutes ago LONDON (Reuters) - Morgan Stanley has set June 16 as the "lights out" date for its UK residential mortgage arm Advantage, it said on Tuesday, three months after the unit withdrew all mortgage products and announced plans to close.
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Dairy giant churns tasty profits BBC News | 3 hours 25 minutes ago Dairy Crest, the maker of Country Life and Clover, sees profits rise despite increasing production costs.
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Top bankers 'leaving US for Asia' BBC News | 3 hours 37 minutes ago The number of investment bankers moving from the US to Asia will increase, experts say, due to the credit crunch.
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FTSE slides 2.9 pct as miners tumble Reuters UK | 3 hours 41 minutes ago LONDON (Reuters) The FTSE 100 share index closed 2.9 percent lower on Tuesday, snapping a four-day rally as investors dumped overheated mining stocks, while U.S. data and surging oil prices underscored inflationary concerns.
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Another Record: Oil Hits $129 a Barrel ABC News | 3 hours 47 minutes ago Supply concerns cause spike; OPEC says it won't increase production for months.
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BP says Russian agents search its Moscow office Reuters UK | 3 hours 48 minutes ago MOSCOW (Reuters) - Russian security service officers were searching the headquarters of oil major BP in Moscow on Tuesday for the second time in the two months, adding pressure on the company amid widely rumoured buyout talks.
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BCE falters amid takeover uncertainty Toronto Star, Canada | 4 hours 18 minutes ago Stock in BCE Inc. (TSX: BCE ) tumbled 4.6 per cent Tuesday morning on the Toronto Stock Exchange as uncertainty about the future of Canada's largest-ever corporate takeover deal left investors in suspense.
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Advocate signs deal to acquire Condell Chicago Tribune | 4 hours 18 minutes ago Advocate Health Care, the Chicago area's largest provider of medical care, this morning said it has signed a definitive agreement to acquire Condell Medical Center in Libertyville.
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Porter trims flights to NYC Toronto Star, Canada | 4 hours 38 minutes ago
Toronto’s Porter Airlines is trimming its flight schedule to New York City because of measures being taken at Newark Liberty International Airport to ease congestion.
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Fed loans $75bn to finance firms BBC News | 4 hours 39 minutes ago The US central bank auctions $75bn in loans to finance firms to boost their access to credit.
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Broker says markets returning to normal International Herald Tribune | 5 hours 5 minutes ago ICAP, the world's largest broker of transactions between banks, reported full-year net income of £155.7 million, less than analysts expected.
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Supply fears push oil beyond $129 BBC News | 5 hours 9 minutes ago Oil prices surge past $129 a barrel as concerns about supply grow on Opec's refusal to increase output.
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Chic Is Cheap at Steve and Barry's ABC News | 5 hours 23 minutes ago Stars launch their lines at one of the fastest-growing fashion empires.
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