Business and Finance News
- Stocks fall backward on Wall Street
Cleveland News.Net
US stocks fell sharply Thursday, with the Dow Jones Industrial Average losing nearly 300 points after two days of gains.
- 30-year mortgage rates rise in US
Cleveland 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
Cleveland News.Net
Economists have warned that the 15-nation eurozone economy is teetering on the brink of recession.
- Microsoft to power Facebook search ads
CNet
Updated at 12:30 p.m. PDT with more details on the search deal. In the coming months, Facebook will begin powering its Web search and related sponsored text links with Microsoft's technology, in an...
- Daimler finds car market unresponsive
Cleveland 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
Cleveland 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UK oil company, BP, has withdrawn its chief executive from Russia after he suffered harassment by the company's Russian shareholders.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
Cleveland 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
Cleveland 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
Cleveland News.Net
The Ford Motor Company, an icon of American carmaking, has reported its worst-ever quarterly loss.
- Microsoft Shakes Up Windows, Online Businesses
RedOrbit
Posted on: Thursday, 24 15:10 - including competition with Google...
- Gates and Bloomberg pledge $500m to battle tobacco epidemic
Cleveland News.Net
London, : Microsoft co-founder Bill Gates and New York city mayor Michael Bloomberg have pledged half a billion dollars to fight tobacco use in developing countries.
- Zune absent from Microsoft exec
CNet
... was up. He talked about nearly everything in his business division. He started with the upcoming Xbox Live redesign. He talked about Xbox games. He spent a long time talking about Windows Mobile and...
- Shares outlook lower on dour US economic news
Inquirer
Shares may head south on Friday, dragged by steep losses on Wall Street due to renewed worries about the US housing and credit markets. The Dow Jones industrials plunged more...
- Head of Microsoft’s Online Efforts Departs
Gadsden Times
Kevin Johnson, the executive in charge of Microsoft’s struggling online business, is leaving the company. Microsoft announced Wednesday evening that Mr. Johnson was departing to become chief...
- Microsoft moves beyond Yahoo
Fortune
JPNR ). Microsoft said it will look for a replacement for Johnson and is reorganizing the platforms and services unit.The way to better compete with Google, Ballmer said, is to achieve more ad...
- Kimberly-Clark 2Q profit falls 10 percent
CNBC
All Associated Press news - Sharply rising gas and raw materials costs led to a 10 percent drop in second-quarter profit at Kleenex maker Kimberly-Clark Corp., which said Thursday it may raise...
- City National Q2 profit falls 40 percent
CNBC
All Associated Press news City National Corp. said Thursday its second-quarter profit dropped 40 percent as the bank company set aside $35 million to cover potential losses from...
- US slowdown still weighing on lodging, leisure
CNBC
All Associated Press news The lodging sector looked less than comfortable Thursday as earnings reports from two major hotel and casino companies outlined the troubles facing the...
- Sales 418,624mn Yen YY-2.1% / Ordinary Income 14,769mn Yen...
CNBC
As a member of the global Canon Group responsible for marketing in the Japanese market, Canon Marketing Japan will continue to encourage greater creativity in each individual, at work and in...
- Earnings Rose at AT&T, but Revenue Misses Forecast
Gadsden Times
AT&T, the telecommunications company, reported second-quarter results on Wednesday that contained signs that the weak economy was catching up to its previously steady results. The company...
- Flextronics posts higher fiscal 1st-qtr profit
CNBC
All Associated Press news Singapore-based electronics manufacturing services provider Flextronics International Ltd. said Thursday its fiscal first-quarter profit jumped despite a...
- Wall Street ends sharply lower on economic worry, oil
Earth Times
Stocks tumbled on Thursday after a report showing yet another drop in U.S. home sales prompted investors to take profits in financial shares, which had rallied sharply over the...
- Microsoft shakes up online division and deepens Facebook ties
Breitbart
Microsoft is shaking up management of its online division and strengthening its tie to Facebook in the aftermath of a failed bid to buy Yahoo to bolster its lagging Internet business. The US software...
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