Business and Finance News
- 30-year mortgage rates rise in US
New Zealand News.Net
Mortgage rates have risen in the US over the past week with 30-year mortgages climbing to the highest level in nearly a year.
- Economists say Europe is flat
New Zealand News.Net
Economists have warned that the 15-nation eurozone economy is teetering on the brink of recession.
- Microsoft strengthens Facebook pages
New Zealand News.Net
Microsoft has decided on a management change in its online division and has strengthened its tie to Facebook.
- Daimler finds car market unresponsive
New Zealand News.Net
German car maker Daimler has cut its full-year profit forecast on Thursday owing to a recent deterioration in auto markets.
- BP brings Russian executive home
New Zealand News.Net
UK oil company, BP, has withdrawn its chief executive from Russia after he suffered harassment by the company's Russian shareholders.
- Another crane death reported in US
New Zealand News.Net
Another industrial crane has collapsed in the US, crushing a car and killing an 80-year-old man who was in his vehicle.
- Cuomo shocks bank with lawsuit
New Zealand News.Net
New York’s Attorney General, Andrew Cuomo, has filed a civil lawsuit against Swiss bank UBS AG.
- Ford to try new approach after poor profits
New Zealand News.Net
The Ford Motor Company, an icon of American carmaking, has reported its worst-ever quarterly loss.
- Raytheon 2Q net drops after year-ago sale gain
San Diego Union-Tribune
WASHINGTON – Raytheon Co.'s second-quarter net income took a big drop from a large one-time gain the defense contractor recorded a year ago, but lower pension expenses along with higher missile...
- ITT Takeovers Aid Earnings Coup
Smart Money
Of DOW JONES NEWSWIRES ITT Corp. posted a 3.4% increase in second-quarter net income, topping Wall Street views, as recent acquisitions buoyed results. The White Plains, N.Y., defense...
- Foreclosure filings jump 121 percent
MSNBC
Nationwide, 739,714 homes received at least one foreclosure-related notice during the quarter, or one in every 171 U.S. households, Irvine, Calif.-based RealtyTrac Inc. said. That's up 121 percent...
- Hindery, Klaff also make cut for Cubs bids-sources
San Diego Union-Tribune
CHICAGO/NEW YORK – Real estate executive Hersch Klaff and media investor Leo Hindery are among the five groups Tribune Co approved to continue bidding on the Chicago Cubs baseball team, sources...
- Abercrombie & Fitch CFO jumps to Kellwood
San Diego Union-Tribune
NEW YORK – Michael W. Kramer, chief financial officer of teen apparel retailer Abercrombie & Fitch, is leaving to take the top post at apparel maker Kellwood Co., according to the...
- Honeywell Declares Quarterly Dividend
Breitbart
MORRIS TOWNSHIP, N.J., /PRNewswire-FirstCall/ -- The Board of Directors of Honeywell (NYSE: HON) has declared a regular quarterly dividend of $0.275 per share on the company's outstanding...
- Infiniti puts best SUV handling in redesigned 2009 FX
Newsday
Toyota 's Lexus has offered near-luxury and luxury models with mainstream appeal, Nissan's Infiniti has been more likely to push the styling and performance envelopes. This increases the risk of...
- Regulators scolded on medically unfit truckers
San Diego Union-Tribune
WASHINGTON – House lawmakers scolded federal regulators Thursday for failing to implement recommendations made in 2001 that were designed to keep medically unfit commercial truck and bus...
- Pickens pitches oil shift plan
San Diego Union-Tribune
Texas billionaire T. Boone Pickens became one of the world's richest people by drilling for petroleum. But these days, he's spearheading a multimillion-dollar push to wean the nation from...
- Occidental Petroleum 2Q profit sets record
San Diego Union-Tribune
HOUSTON – A powerful combination of record crude prices and increased production helped oil producer Occidental Petroleum Corp. post record earnings in the second quarter, up 62 percent from a...
- Consumers, home sales paint less gloomy picture
Reuters
Data from the struggling housing market also contributed to the less gloomy picture. New home sales in June were not as weak as expected, though few doubt it will take time for housing to recover...
- U.S. Stocks Climb After Economic Data Better Than Forecast
Morning Star
U.S. stocks staged a rebound Friday morning, as investor concerns about the economy eased after the government's durable-goods report for June showed an unexpected rise in demand for big-ticket...
- American Axle posts 2Q loss, citing strike effects
San Diego Union-Tribune
NEW YORK – American Axle & Manufacturing Holdings Inc. said Friday it posted a $644.3 million second-quarter loss, blaming a nearly three-month long strike that crippled production as well...
- Energy stocks up in early action, Cabot slips on earnings
Market Watch
Energy stocks posted gains in early action on Friday, bouncing back from losses in the previous session. The Amex Oil...
- Fortune Brands 2Q profit falls on items, costs
CNBC
All Associated Press news - Distiller Fortune Brands Inc. said Friday its second-quarter profit fell 41 percent amid a weak U.S. economic environment and higher commodity costs, but the...
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