The US House of Representatives has approved a bill designed to stem the tide of home foreclosures due to the subprime mortgage...

Former Federal Reserve Chairman Alan Greenspan has said he believes the worst of the credit crisis is...

Russia's largest steel producer Severstal has said it had finalised a deal to purchase the US-based Sparrows Point steel mill from ArcelorMittal for US$810...

The Indian government has banned futures trading in four commodities to tame...

Indian Minister of State for External Affairs Anand Sharma has taken a dig at US president, George Bush, to emphasise his points on the global food...

EU consumer protection officials have warned consumers that they are being defrauded by some online ticket...

The world's largest insurer, American International Group, has posted its largest ever quarterly...

America’s Best Buy brand will begin opening in the UK next year, to take on the European consumer electronics market with its new acquisition, Carphone...

Hong Kong's trade development body expects the Asian wine market to expand by 10-20 per cent over the next five...

The International Monetary Fund has adjusted its forecasts for the global economic growth in 2008 downward to below four...

Vikram Pandit, India born chief executive of Citigroup, Friday presented his strategy to turn around the beleaguered bank and announced that it plans to unload $400 billion more in 'legacy assets' over the next few years to reinvigorate...

Vikram Pandit, chief of the troubled Citigroup, is set to reveal his revival strategy to investors and he is expected to emphasise on the business...

Boeing is expecting a compensation claim from Qatar Airways over a delay in the delivery of its 787...

Stocks rose on Wall Street Thursday pushed by commodity producers as oil and metals prices continued to...

Posted on: Friday, 9 May 2008, 09:00 CDT By Ed Davies and Harry Suhartono Microsoft has no plans to make another approach for Yahoo after it pulled its $47.5 billion bid earlier this month,...

Mike Sachoff - Fri, 05/09/2008 - 9:36am. Could reconsider buy Microsoft claims it is through with its acquisition plans of Yahoo according to Microsoft Chief Research and Strategy Officer Craig...

To lure customers, apparel chains are discounting more. First- quarter profits are slated to be down by 14.9 percent, according to Ken Perkins, president of RetailMetrics LLC, a research company in...

NEW YORK (AP) -- Citigroup Inc. said Friday it is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit...

: MYL) said revenue rose to $1.07 billion in the first quarter from $487.3 million a year earlier. Mylan is based in Cecil Township, south of...

Wall Street Journal says is a "clear" sign that Microsoft isn't about to quickly resume a run a Yahoo (thought it has no photographs, or even etchings, of any winks and nods), potential...

represents far more than a feat of arms by the Royal Navy. It hands Britain the key to the secret German naval code and helps turn the tide in the Battle of the Atlantic."...

JAKARTA, Indonesia - Microsoft Corp. will focus on growing its own advertising and Internet search business after it withdrew its takeover offer for Yahoo Inc., chairman Bill Gates said Friday. ...

) lost more than 6% in early trading Friday after the company reported a quarterly loss of almost $8 billion on massive write-downs. Citigroup...

) CEO Vikram Pandit said Friday the firm plans to reduce about $500 billion of noncore assets over the next several years. "These reductions will release capital that we could use in our other...

May 9, 2008 - 11:20 a.m. MT. LAUREL, N.J. (AP) - PHH Corp.'s first-quarter earnings doubled as refinancing activity boosted revenue, the mortgage originator and fleet management company said...

Griffon Corp., the struggling Jericho-based conglomerate which owns a defense-electronics company as well as a manufacturer of residential garage doors, reported a steep loss in net income and...

Inside the new terminal Eight long-haul flights, including services to New York, will be transferred from Terminal 4 on June 5.BA chief executive Willie Walsh said the rest of the flights will be...

SAN FRANCISCO (Marketwatch) -- Activision Inc. saw its shares jump more than 7% Friday morning after the video game publisher reported blow-out results for its fourth fiscal quarter and issued an...

It is not clear Microsoft can do this alone - and in fact, it's not always clear what "this" is. Some analysts say Microsoft must increase its search traffic to attract advertisers. Others believe...

Scientists at the national museum of New Zealand, Te Papa, have recently completed dissections of several enormous squids, including pieces of a colossal squid -- the largest invertebrate ever...

Chinese owners SAIC/Nanjing say they will begin making an MG sports car, the TF LE500, at the Birmingham factory in August.The announcement comes three years after the Nanjing Automobile Corporation...

May 9, 2008 By Tiisetso Motsoeneng Johannesburg - Stocks rose in early trade on Friday, buoyed by mining counters on sustained strength in commodity prices, while an overnight gain on Wall Street...

South has the wedge Disposable household income per head in London was 23% above the UK average.But the North East came in at 14% below, a report from the Office for National Statistics has...

DUBLIN, Ireland – Guinness beer owner Diageo PLC rattled an Irish icon Friday, announcing plans to lay off more than half of its brewery workers, close two breweries and shift most beer...

Rates on 30-year mortgages edged down slightly this week, but remained above 6 percent for the third straight week. Freddie Mac reported in its nationwide survey that 30-year fixed-rate mortgages...

Vikram S. Pandit is doing some serious spring cleaning at Citigroup. Since becoming chief executive in December, Mr. Pandit has been clearing out the corporate attic of weak businesses and...

WASHINGTON (Reuters) - The trade deficit narrowed more than expected in March on a record plunge in the value of imports, even as average oil prices surged to a new record, a Commerce Department...

It is also being investigated by the U.S. Securities and Exchange Commission and U.S. Department of Justice and faces being fined or banned from public contracts in the United...

Richard L. Bready, Chairman and Chief Executive Officer, said, "Nortek continues to manage its business well in this difficult housing market. However, operating results were adversely impacted as...

All PR Newswire news TAMPA, Fla., May 9 /PRNewswire-FirstCall/ -- Shells Seafood Restaurants, Inc. (OTC Bulletin Board: SHLL) today reported financial results for its first quarter ended March 30,...

OYOG today announced net income of $3.2 million, or $0.53 per diluted share, on revenues of $36.4 million for its quarter ended March 31, 2008. This compares with a net income of $3.1 million, or...

All Associated Press news NEW YORK (AP) - Clear Channel Communications Inc. reported Friday its first-quarter profit soared due to asset sales, an investment gain and higher revenue, but earnings...

All Associated Press news THE WOODLANDS, Texas (AP) - Specialty chemical company Huntsman Corp. said Friday its first-quarter profit tumbled 84 percent on costlier raw materials and feedstocks and...

, the world's largest insurer, reported a larger-than-expected record loss.Equity markets overseas were pushed lower as the price of oil topped $125 a barrel. Tokyo's main index lost more than 2...

Rice prices have risen for a sixth consecutive day as global supplies continue to be stretched by cyclone damage to crops in Burma. With worldwide demand also at a record high, the cost of rice...

POPE reported net income of $941,000, or $0.20 per diluted ownership unit, on revenues of $6.3 million for the quarter ended March 31, 2008. This compares to net income of $854,000, or $0.18 per...

All PR Newswire news Earnings Conference Call to be held on May 29, 2008 at 8 AM (New York) / 12 AM (London) / 8 PM (Shanghai) / 9 PM (Tokyo) SHANGHAI, May 9 /Xinhua-PRNewswire/ -- Xinhua Finance...

Research ), which briefly encountered generic competition to its second-biggest product Plavix in the United States in 2006 and 2007, now faces a similar threat in...

British Airways will begin to move its long-haul flights to Heathrow's Terminal 5 from 5 June, the airline has confirmed. The first phase will see eight long-haul destinations switched from...

French industrial output fell four times more sharply than expected in March, increasing concerns over the state of France's economy. Output declined by a month-on-month 0.8% in March, while...