Business and Finance News

Henry Paulson makes positive speech on economy
Copenhagen News.Net
US Treasury Secretary Henry Paulson has said he believes the financial crisis is coming to an end but society could take some time to fully emerge from the malaise.
UK construction industry hit by government squeeze
Copenhagen News.Net
A squeeze on UK government spending has begun to hit the construction industry.
Car sales hold up in Europe
Copenhagen News.Net
New car registrations are up in Europe.
Winemaking patriarch Robert Mondavi dies
MSNBC
A winery spokeswoman says California winemaking patriarch Robert Mondavi has died. He was 94.Robert Mondavi Winery spokeswoman Mia Malm says Mondavi died peacefully at his home in...
SingTel moves into faster networks
Copenhagen News.Net
Singapore Telecommunications, otherwise known as SingTel, has awarded a SIN$220 million contract to Ericsson Telecommunications to expand its 2G and 3G mobile network.
Indonesian leaders to meet over fuel prices
Copenhagen News.Net
Indonesia’s House of Representatives Speaker, Agung Laksono, has invited President Susilo Bambang Yudhoyono to a consultative meeting on the government's plan to raise fuel oil prices.
Indian car maker launches eco-friendly model
Copenhagen News.Net
Tata Motors of India has launched a new dual fuel, eco-friendly model of its Indica range of vehicles.
Bacon painting fetches record price
Copenhagen News.Net
Renowned artist Francis Bacon's masterpiece, 'Triptych', has set a new record in sales by fetching a whopping 43 million pounds at an auction in New York.
British Airways lifts profits
Copenhagen News.Net
British Airways has reported a 45% rise in annual profits but warned that economic uncertainty and high fuel costs pose challenges.
US stocks lower after a good week
Copenhagen News.Net
U.S. stocks closed mostly lower on Friday, with a slide in consumer confidence and surging crude oil prices fueling worries about the economy.
Australian cricketers coaxed back to Jaipur
Copenhagen News.Net
Faced with the threat of losing future earnings in the Indian Premier League, Australia's contingent from the Rajasthan Royals franchise were coaxed back to Jaipur despite their fears following Tuesday's deadly terrorist attack in the capital city of Rajasthan.
Microsoft Windows comes to green laptop
Earth Times
San Francisco - The One Laptop Per Child project will install Windows XP on its low-cost laptops for students in developing countries, according to a joint announcement Friday. The operating...
Most stocks drop on Wall Street
Earth Times
New York - Most stocks fell Friday on Wall Street, led by retailers and financial services companies, after consumer confidence slumped to the lowest in 28 years and Merrill Lynch & Co advised...
There could be more casualties in the airline industry because of spiralling costs, Sir Richard Branson has warned.
Sky News
... amp;#039;Same number of people flying' The Virgin Atlantic boss said fuel rises would mean some smaller companies would either be forced to merge or go under.He also predicted the cost of oil, now at...
Saudis protect own interests in oil production
San Diego Union-Tribune
WASHINGTON &#8211; When President Bush, once a Texas oilman, asked Saudi Arabia to pump more crude, he may have forgotten that the Saudis have a long memory. And that made it a good bet his mission...
AIG to set up services, data centers in Malaysia
Reuters
Research ) plans to establish a global shared services and data centers in Malaysia through one of its subsidiaries, the insurance giant said on Saturday.
Cathay Pacific Airways considers cutting routes
Seattle Post-Intelligencer
Cathay Pacific Airways might cut routes to help cope with surging fuel prices, its chief executive said. Tony Tyler said in an internal company...
County employment data show some promise
San Diego Union-Tribune
After a sluggish winter, employment in San Diego County rebounded last month, fueled by strong hiring in hotels, restaurants and government work, according to data released by the California...
Health care billing fight is looming
San Diego Union-Tribune
Doctors and hospital officials will square off with health insurers Monday in San Diego over a state plan to ban medical providers from billing emergency room patients for charges not covered by...
Alvarado Hospital loses dispute with Blue Shield
San Diego Union-Tribune
Alvarado Hospital in San Diego has lost its court battle over a contract dispute with Blue Shield of California, demonstrating how challenging it can be for stand-alone hospitals to demand higher...
U.N. predicts downturn for world economy
San Diego Union-Tribune
The world economy is &#8220;teetering on the brink&#8221; of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its midyear economic projections....
Wall Street sees light at end of tunnel
Business Times
Wall Street is clawing its way back from a dismal start to the year as confidence grows about the prospects of a US economic recovery without a calamitous downturn.

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