Business and Finance News

Demand for banks sees European equities rise
New York City News.Net
European shares were higher Friday as banking and commodity stocks were being brought up.
Asian stock markets close solidly higher
New York City News.Net
Markets in Asia ignored losses on Wall Street overnight and posted solid gains Friday.
Final overseas appearance coming up for Bush
New York City News.Net
Leaders from the Pacific Rim are preparing for their annual APEC economic summit in Lima on the 21st-23rd November.
San Francisco goes all-out to become electric
New York City News.Net
The district mayors of the San Francisco area have projected their ideas for a US$1 billion network of electric car recharging stations.
US Airways brings back free miles
New York City News.Net
US Airways has announced the reinstatement of free miles, which were cancelled when fuel costs were rising.
Citigroup options placed on the table
New York City News.Net
Citigroup has suggested it might sell businesses and shares, as a means of dealing with the market crisis.
Europe shows itself to the online world
New York City News.Net
The European Union has launched a free online library which gives multilingual access to two million digitized books and other items of cultural significance.
Dow falls more than 400 points for second day in row
New York City News.Net
The Dow Jones industrials finished more than 400 points lower Thursday, after a similar fall on Wednesday.
US Congress delays car bailout plan
New York City News.Net
Democrats in the US Congress have been unable to secure the numbers to get auto-industry bailout legislation through Congress.
Canada court rejects airline fee for obese passengers
New York City News.Net
The Supreme Court in Canada has upheld a ruling that obese and disabled people will be able to have two seats for the price of one on domestic flights.
Colgate-Palmolive riots flare in Nepal
New York City News.Net
There has been a massive upheaval at the factory of Colgate Palmolive in Nepal, with the company announcing the sale of the company after 20 years of operations.
Travel agents want a return to commission structure
New York City News.Net
Travel agents associations in India have called on air operators to withdraw the transaction fee system they introduced on to reinstate the earlier five percent travel agents commission.
Arab bourses suffer as Gulf stock loses $538 bn
New York City News.Net
Arab stock markets continued their downward journey this week, with financial analysts Friday citing unjustified 'panic and psychological pressures' from the turmoil on global markets.
Tokyo stocks extend losses over Wall Street plunge
New York City News.Net
Tokyo stocks extended losses Friday after Wall Street plunged overnight and the global slowdown deepened.
US Markets plunge, S&P 500 sinks to 11-year low
New York City News.Net
US stocks plunged Thursday, with the broadbased Standard & Poor's 500 Index losing 6.7 percent to close at its lowest point since 1997 and economic indicators signalling a recession.
Michael Jackson to appear in London court
New York City News.Net
Pop legend Michael Jackson will give evidence in person at London's High Court to defend allegations that he owes $7 million to an Arab sheikh.
Repossessions up by 12%
Guardian
... mortgage repayments, figures showed today.A total of 11,300 homes were repossessed between July and September, compared with 10,100 in the second quarter of the year, the Council of Mortgage Lenders...
Indecisive start for the FTSE amid mixed signals
Guardian
... carnage on Wall Street and gains on the Asian markets.The blue-chip index has swung between nearly 50 points down and 50 points up over the first hour of trading.Yesterday's close of 3874.99 was the...
Microsoft wants judge to boot "Vista Capable" class-action lawsuit
The Seattle Times
MICROSOFT is seeking to boot from court the class-action lawsuit challenging its Windows Vista Capable marketing program, meant to buoy PC demand ahead of the operating system's Jan. 30, 2007, broad...
Honda Closes Plant For Two Months
Sky News
Honda today announced a plan to adjust automobile production at its UK factory in Swindon for the current fiscal year in response to a dramatic change in the global automobile market.
Toyota to cut 3,000 temporary jobs in Japan
Times Of India
Japanese carmaker Toyota Motor Corp. plans to cut 3,000 temporary jobs at its domestic plants in response to worsening sales, a company spokesman said on Friday. "We will not be renewing...
10 Cars That Just Don
Wired News
Oh sure, we're all for alt-fuel green cars. Hybrids? Love 'em. EVs? We'll take two. Hydrogen? Show us where to get the stuff, and we're there. But there's something to be said for being pushed back...
Honda to cut more production
Reuters
Honda Motor Co said it would build fewer cars in Japan, Europe and North America to reflect an increasingly bleak outlook for sales as the global economic crisis discourages...

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