Home

Business and Finance News

  • BP oil spill workers to be withdrawn from clean beaches

    BP oil spill workers to be withdrawn from clean beaches

    Tucson News.Net

    Incoming BP chief executive Bob Dudley has made a commitment to tackling the environmental oil damage in the Gulf of Mexico, but has also said it is time for the company to scale back some aspects of the oil spill clean-up.

  • Northwest Airlines in agreement over ant-trust accusation

    Northwest Airlines in agreement over ant-trust accusation

    Tucson News.Net

    Northwest Airlines has decided to plead guilty for its role in fixing air-cargo prices.

  • FAA downgrades Mexican airlines

    FAA downgrades Mexican airlines

    Tucson News.Net

    Mexico's aviation safety rating has been downgraded by the US oversight organisation, the Federal Aviation Administration. The FAA has given Mexico a category 2 rating, which is often given to Third World countries. Mexican airlines will not be able to

  • Interns could be entitled to wages

    Interns could be entitled to wages

    Tucson News.Net

    A new report from a US think tank, Internocracy, has said young people working for free as interns are legally entitled to be paid.

  • Islamic banking probe taking place in Malaysia

    Islamic banking probe taking place in Malaysia

    Tucson News.Net

    There appear to be possible conflicts between civil and Islamic law in Malaysia, in regard to the country's banks.

  • BP scaling back oil response efforts

    BP scaling back oil response efforts

    Tucson News.Net

    BP will begin scaling back its oil containment efforts, CEO-elect Robert Dudley told reporters on his first trip to the Gulf since the board vote.

  • Unemployment soaring for Spain

    Unemployment soaring for Spain

    Tucson News.Net

    Spain's economy continues to take a hammering with the latest unemployment figures showing the highest levels in thirteen years.

  • BA losses hundreds of millions in second quarter

    BA losses hundreds of millions in second quarter

    Tucson News.Net

    BA has reported a loss of over £200 million in the second quarter of 2010, but still sees breakeven or profit for end of year.

  • BP to Begin Permanent Plug of Macondo Well in Gulf This Week

    Business Week

    Aug. 1 (Bloomberg) -- BP Plc plans to start injecting mud down the Macondo well in the Gulf of Mexico to permanently plug the source of the largest oil spill in U.S. history.

  • Dubai Airport Considers ‘One-Stop’ Passenger Check-in, Security

    Business Week

    Aug. 1 (Bloomberg) -- Dubai World Central-Al Maktoum International, set to become the world’s largest airport, may use “one-stop” processing to get travelers in and out of aircraft m...

  • When Double Dippers become economic party poopers

    MSNBC

    WASHINGTON — They're a minority, but a vocal one, and they're hovering like storm clouds over a brittle recovery. They're the Double Dippers — the politicians, economists and analysts who f...

  • Australia Eyes 2013 Start Date For Lower-Fee Pension Funds

    Fox Business

    MELBOURNE -(Dow Jones)- Australian Prime Minister Julia Gillard said Sunday that pension, or superannuation, funds would be able to offer lower cost products beginning July 1, 2013 if her Labor party ...

  • UK's Osborne urges banks to lend, restrain bonuses

    Fox Business

    August 1, 2010 LONDON, July 31 (Reuters) - British finance minister George Osborne urged the country's banks to use strong first-half profits to boost business lending rather than pay large bonus...

  • S.Korea July average daily exports down vs June

    Fox Business

    August 1, 2010 SEOUL, Aug 1 (Reuters) - South Korea's average exports value per working day fell to $1.69 billion in July from a revised $1.82 billion in June, government data showed on Sunday. ...

  • UPDATE 1-Chinese output growth slows further in July

    Fox Business

    August 1, 2010 * Official PMI falls to 51.2 (forecast 51.1) vs 52.1 in June * Government economist still sees 2010 GDP growth at 9.5 pct * New export index falls, remains above 50 boom-bust li...

  • UPDATE 1-Obama: Republicans holding small businesses 'hostage'

    Fox Business

    July 31, 2010 * Obama urges Republicans to allow vote on bill * Reid hopeful that Senate can act on bill next week * Obama says he'll call Republicans' 'bluff' on deficit (Adds Obama comments...

  • UPDATE 2-Second senior US Democrat may face ethics trial

    Fox Business

    July 31, 2010 * Ethics trials could come weeks before elections * Waters was under investigation for bank meeting (Adds quotes on Rangel) By Corbett B. Daly and Thomas Ferraro WASHINGTON (R...

  • UK's Osborne urges banks to lend, restrain bonuses

    Reuters

    LONDON (Reuters) - British finance minister George Osborne urged the country's banks to use strong first-half profits to boost business lending rather than pay large bonuses, in an interview published...

  • FDIC Shuts Banks in Fla., Ga., Ore., Wash.

    CBS News

    (AP) Regulators on Friday shut banks in Florida, Georgia, Oregon and Washington, lifting to 108 the number of U.S. banks to fail this year as the industry has struggled to cope with mounting loan defa...

  • Salazar Tours Rigs in Gulf, Keeps Drill Ban

    CBS News

    BP Scaling Back Clean-Up Ops BP announced it will reduce the size of the cleanup effort in the Gulf and that has some locals fearing that it may be too soon for the oil giant to pull out. Don Teague r...

  • Your Wedding Gift Dilemmas Solved

    CBS News

    Guests spend an average of $60 to $120 on a wedding gift, depending on their relationship with the couple, according to TheKnot.com and WeddingChannel.com 2009 Registry Study.

  • Obama Slams GOP's "Do-Nothing Policies"

    CBS News

    President Barack Obama places his order for a submarine sandwich with Carl Padavano, before meeting with small business owners at the Tastee Sub Shop in Edison, N.J. on Wednesday.

  • How to Be a "Super Saver"

    CBS News

    secrets of so-called "super savers," and what they have in common. According to her report, super savers delay gratification, have no impulse buys, have an absolute avoidance of debt, automate their ...

  • Conn. Casino Bartenders, Others Vote to Unionize

    ABCNews

    Bartenders, beverage servers, and other workers at the Foxwoods Resort Casino voted Saturday in favor of having union representation. The National Labor Relations Board, which ordered the election,...

  • Coast Guard Allows Toxic Chemical Use on Gulf Oil

    ABCNews

    Oil containment boom is seen with fresh oil near Comfort Island, in Yscloskey, La. Saturday, July 31, 2010. On shore, BP, Halliburton and Transocean are engaging in a billion-dollar blame game over th...

  • 24 Remain Trapped in Flooded Coal Mine in NE China

    ABCNews

    Two dozen workers were trapped in a flooded mine in northeast China on Sunday, the latest accident in the country's notoriously dangerous coal industry. The State Work Safety Administration has dis...

  • Insurance deals strike a dissonant chord

    Star Tribune

    Michael Antonello has used a lucrative career as an independent New Brighton life insurance agent as a way to finance his passions: American impressionist artwork and classical music. He amassed mill...

  • Car, credit problems top consumer complaints

    Star Tribune

    Billing disputes. Shoddy repairs. Outfits that promise to fix credit woes or stop houses veering toward foreclosure, but then take your money and disappear. Last week, the Consumer Federation of Ameri...

  • Several ways to figure out if you'll have enough to retire

    Star Tribune

    The footprints of an aging America are hard to ignore, especially with the leading edge of the baby boom generation reaching its retirement years. Maybe that's why I've been getting a number of questi...

  • Test No. 1 in college: Picking a health insurer

    Star Tribune

    It's the first real-life test for students heading off to college: picking the right health insurance plan. The confusion starts before students even set foot on campus, when families must decide whe...

  • SEC: Out with 12b-1s, in with clear fees

    Star Tribune

    If you're like most mutual fund investors, you don't have a firm understanding of the fees you're being charged. And you may justifiably worry that you're paying more than you should. Such anxiety ma...

  • Spirit Airlines' controversial carry-on bag fees takes effect Sunday

    Star Tribune

    Spirit Airlines passengers may want to get to the airport a little earlier than normal Sunday as a new charge for carry-on bags takes effect. The low-fare airline sparked controversy in April when it...

  • Coast Guard OK'd all BP requests to use dispersants

    Star Tribune

    While the BP well was still gushing, the Obama administration issued an order that limited the spreading of controversial dispersant chemicals on the Gulf of Mexico's surface. Their use, they said, sh...

  • Target buys space for store in downtown Seattle

    Star Tribune

    SEATTLE - Department-store chain Target has bought retail space near Pike Place Market for a store in downtown Seattle. The seller says the three story, 103,000-square-foot commercial space on Second...

  • Bartenders, beverage servers at Connecticut casino vote in favor of union representation

    Star Tribune

    MASHANTUCKET, Conn. - Bartenders, beverage servers, and other workers at the Foxwoods Resort Casino voted Saturday in favor of having union representation. The National Labor Relations Board, which ...

  • Coast Guard routinely approved use of toxic chemical to break up Gulf oil despite EPA rule

    Star Tribune

    WASHINGTON - The U.S. Coast Guard has routinely approved BP requests to use thousands of gallons of toxic chemical a day to break up oil slicks in the Gulf of Mexico despite a federal directive that ...

  • Coast Guard allows toxic chemical use on Gulf oil

    Seattle Post-Intelligencer

    Oil containment boom is seen with fresh oil near Comfort Island, in Yscloskey, La. Saturday, July 31, 2010. On shore, BP, Halliburton and Transocean are engaging in a billion-dollar blame game over th...

  • Buffett-signed spoon a scoop for charity

    MSNBC

    Dairy Queen President and CEO John Gainor holds a 33-inch, red Dairy Queen spoon for Warren Buffett to sign at the Berkshire Hathaway shareholders meeting in May.

  • China July official PMI falls to 51.2 vs 52.1 in June

    Fox Business

    CFLP ) said on Sunday. The federation compiles the index on behalf of the National Bureau of Statistics. The reading was close to the median forecast of 51.1 in a Reuters poll of 11 economists....

  • S.Korea exports to US and China higher in July

    Fox Business

    August 1, 2010 SEOUL, Aug 1 (Reuters) - South Korea's exports to China and the United States in the first 20 days of July were higher than the same period in June, the government said Sunday. Th...

  • S.Korea July exports rise more than expected yr/yr

    Fox Business

    August 1, 2010 SEOUL, Aug 1 (Reuters) - South Korean exports in July rose more than expected over a year ago, easing concerns that demand from China and the other major economies may be cooling of...

  • Feds Warned Company in Mich. Spill About Pipeline

    ABCNews

    Crews clean up oil, from a ruptured pipeline, owned by Enbridge Inc, near booms where Talmadge Creek meets the Kalamazoo River in Marshall Township, Mich., July 30, 2010. The Canadian company that own...

  • Metro bank opens on Sunday as battle for high street hots up

    Guardian

    Shoppers piling out of Holborn tube station on their way to Covent Garden today will be greeted by an unusual sight: a bank open for business on a Sunday. Metro, the first new bank to open on the UK's...

  • Abolition of retirement age is wise, but it won't solve the pensions problem

    Guardian

    The coalition's move to abolish the default retirement age of 65 is a step in the right direction, but simply allowing people to work longer will not solve the

  • For BBC bosses Salford just won't do

    Guardian

    Peter Salmon, the director of BBC North, may or may not be making the move to Manchester a permanent one. Photograph: Christopher Thomond for the Guardian

  • A good woman economist is hard to find

    Guardian

    When the Bank of England's monetary policy committee meets this week to set interest rates, it will be the first time that a full-strength gathering of nine has been male-only.Kate Barker, who has bee...

  • Corus redundancies in stark contrast to bosses' lavish payouts

    Guardian

    Tata Steel Europe's accounts reveal the highest-paid executive, almost certainly Adams, received a £2m package last year. His no-doubt generous payoff will not be disclosed until 2011. Executives des...

  • Give me Ryanair's brazen villainy over the bogus compassion of BP | David Mitchell

    Guardian

    Ryanair has a big picture of Robert Mugabe shaking his fist, under the headline: "Here's EasyJet's New Head of Punctuality". This sends out a confused message. I'm no Zimbabwe expert but I'm fairly co...

  • Spotlight: Kodak | Printer sales ease quarterly loss

    Courier-Journal

    Robust inkjet printer sales and fewer charges narrowed Eastman Kodak Co.'s loss to $168million in the second quarter, but its slumping film business cast a shadow over the photography pioneer's prolon...

  • Spotlight: Kodak | Printer sales ease quarterly loss

    Courier-Journal

    Robust inkjet printer sales and fewer charges narrowed Eastman Kodak Co.'s loss to $168million in the second quarter, but its slumping film business cast a shadow over the photography pioneer's prolon...