Business and Finance News
 Chinese cars to be built in US
Copenhagen News.Net
The Los Angeles Business Journal has reported that Chinese car maker BYD may build an assembly plant in Los Angeles County.
Eurotunnel results show a profit
Copenhagen News.Net
Eurotunnel has announced a profit of 1.4 million euros for last year, despite the weather, a fire in the tunnel and poor economic conditions.
 Iceland votes not to hold referendum
Copenhagen News.Net
Icelanders have voted overwhelmingly against a referendum to allow taxpayers money to be used to repay international debts.
 Chinese passenger cars in strong demand
Copenhagen News.Net
Chinese passenger car sales have climbed 55 percent from February 2009, with strong demand for smaller cars and four wheel drive vehicles.
US stocks gain on financial firms
Copenhagen News.Net
Major US stock indices posted mild gains Tuesday, led by troubled financial firms bailed out by the US government in the past year.
After Hours: Men's Wearhouse, Gymboree results on tap
MarketWatch
LOS ANGELES (MarketWatch) -- Apparel retailers Men's Wearhouse Inc. and Hot Topic Inc. are scheduled to report quarterly results late Wednesday, with Men's Wearhouse projected to post a wider loss on ...
Same old song at EMI?
Guardian
Charles Allen , whose past digital offerings included OnDigital (RIP) and Friends Reunited. Nor were many of his ITV shareholders overly impressed by the creative output in those days.On the plus side...
No fridge is better than no house | Jennifer Abel
Guardian
discontinue her electricity service and make do with solar panels – Arizona has no shortage of sunshine, after all – and using an ice box in lieu of a refrigerator.But such frugality defies Avonda...
Tropicana shrinks OJ cartons, raises prices
MSNBC
Tropicana spokeswoman Jamie Stein said the company spent a while looking at the impact of the winter freeze and wanted to make changes without affecting people's grocery bills too much.
BA strike talks end without deal
BBC
Talks between British Airways and the Unite union aimed at averting strike action by cabin crew have broken down without agreement.The TUC, which has been hosting the discussions, said that no deal ha...
British Airways Strike Talks Break Down
Sky News
download Flash from the Adobe download website. Eight weeks of talks between officials from Unite and the airline over pay, jobs and working conditions ended without agreement. TUC general sec...
Microsoft gains, Google loses search share: report
Market Watch
+3.08% ) lost a marginal amount of market share, according to data published Wednesday by Experian Hitwise. Microsoft, which unveiled a new search engine last year, gained 4% from the prior month to...
Geithner Praises B. Of A. Overdraft Fee Cut
Fox Business
Geithner praises B of A overdraft fee cut WASHINGTON -- Treasury Secretary Timothy Geithner on Wednesday praised Bank of America's decision to eliminate overdraft fees. "After years when we saw finan...
Senate Approves Extension Of Jobless Benefits
Fox Business
WASHINGTON -- A bill that would extend unemployment benefits and health-care subsidies passed the Senate on Wednesday, and now moves on to the House. The vote was 62-36. The bill would extend through...
Crude Oil Ends 60 Cents Higher After Supplies Data
Fox Business
NEW YORK -- Crude oil futures rose to finish above $82 a barrel on Wednesday, lifted by better-than-expected U.S. supplies data, a strong economic report from China and forecasts of higher global dem...
Gold Ends Lower As China Data Digested
Fox Business
NEW YORK -- Gold futures finished lower on Wednesday, losing early gains as traders took a cautious approach ahead of more economic reports from China following strong February imports data. Gold for...
U.S. Posts Feb. Budget Deficit Of $221 Billion
Fox Business
WASHINGTON -- The U.S. government recorded a budget deficit of $221 billion in February, the Treasury Department reported Wednesday, even as receipts posted a big increase for the month. Receipts tot...
Microsoft Gains, Google Loses Search Share: Report
Fox Business
SAN FRANCISCO -- Microsoft Corp. gained a larger portion of the U.S. Internet search market in February, while rival Yahoo Inc.'s share remained flat and market leader Google Inc. lost a marginal amo...
Al Lewis: How Reefer Will Be Going Corporate
Fox Business
Nick Tenant was running an auto detailing business in Detroit when the auto industry collapsed. He grew up in Warren, Mich. His father worked at General Motors Corp. He started cleaning and reconditi...
BofA overdraft fee change will bring lower revenue
Reuters
BAC.N ) Chief Executive Brian Moynihan said on Wednesday the company's decision to eliminate overdraft fees on debit card transactions will "give up a lot of revenue" for the largest U.S. bank by asse...
Wholesale inventories fall, restocking expected
Reuters
WASHINGTON (Reuters) - U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would su...
OECD says Canada Post should be privatized
Financial Post
Canada was urged to boost competition in “network” sectors — telecommunications, power utilities and postal service — that act as “the oil in the engine” of the national economy.
Debt still looms over jailed investment advisor Thow
Financial Post
Former Victoria investment advisor Ian Thow has been sentenced to nine years in prison for 20 counts of fraud totalling $8-million. When he gets out, Thow will still have a bankruptcy hanging over his...
Lessons from the dot-com crash
Financial Post
SAN FRANCISCO -- Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points - a peak that the technology-heavy market shows no sign of scaling again ...
GM on track to repay US$8-billion early
Financial Post
SAN ANTONIO -- General Motors Co will pay back roughly US$8-billion in debt to the United States and Canada before June, its chief executive said on Wednesday, more quickly than the automaker had prom...
Coca-Cola Bottling sees better results in 2009
Charlotte Business Journal
Consolidated reports a net loss of $2.76 million for its fourth fiscal quarter, or 29 cents per fully diluted share, down from a gain of $2.72 million, or 29 cents per fully diluted share, in the corr...
Miller Industries Names New Board Member
ABCNews
Miller Industries Inc. said Wednesday that Theodore Ashford III was elected to the company's board of directors. Ashford, 46, is president and chief investment officer of Ashford Capital Management...
Rockwell Takes Smaller 4Q Loss on Greater Revenue
ABCNews
Rockwell Medical Technologies Inc., which makes products used in the treatment of kidney disease and anemia, reported a smaller fourth-quarter loss Wednesday as its sales grew and expenses came down. ...
Alabama Jobless Rate Rises to 11.1 Percent in Jan.
ABCNews
Alabama's January unemployment rate rose to 11.1 percent, the highest mark in 26 years and a level that may increase again this spring. The state Department of Industrial Relations said Wednesday t...
Microsoft Launches MSN Video Player In UK
Morning Star
Microsoft Corp. (MSFT ) Wednesday launched its MSN Video Player, a video-on-demand service that enables U.K. consumers to watch TV anytime, anywhere at no extra charge.
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