Business and Finance News

Dow falls more than 400 points for second day in row
Indianapolis 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
Indianapolis 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
Indianapolis 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
Indianapolis 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
Indianapolis 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.
Michael Jackson to appear in London court
Indianapolis 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.
African country becomes recipient of US funds
Indianapolis News.Net
The government in Ghana has put aside funds for development projects, such as the rebuilding of schools and other buildings destroyed by floods.
UK government ready to take Royal Bank of Scotland shares
Indianapolis News.Net
Royal Bank of Scotland shareholders are due to vote on whether to accept a £20bn government bail-out.
Best US used cars prices revealed
Indianapolis News.Net
An annual projection of US used car prices has shown Honda and Toyota cars have best resale value.
Alitalia set for transfer to new owner
Indianapolis News.Net
The Italian airline, Alitalia, still needs to satisfy the government before the sale to an Italian business group can be completed.
US Markets plunge, S&P 500 sinks to 11-year low
Indianapolis 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.
Dutch bar owners want smoking ban lifted
Indianapolis News.Net
Cafe and bar owners in the Dutch town of Tilburg have announced plans to identify smoking inspectors on the Internet.
Mark Robinson appointed CEO of Citi South Asia
Indianapolis News.Net
Mumbai /Hong Kong, (ANI/ Business Wire India): Mark Robinson has been appointed Chief Executive Officer of Citi South Asia. Based in Mumbai, he will lead Citi's significant banking franchise in India, Sri Lanka and Bangladesh, and also join the Asia Pacific Executive Committee. Robinson succeeds Sanjay Nayar, who is leaving the firm to pursue other opportunities.
Asian markets resume slide amid mounting US financial woes
Indianapolis News.Net
Asian stock markets took heavy losses Thursday, reflecting widespread gloom about US economic troubles and another bad day on Wall Street.
Meditation and yoga prescribed for Wall Street brokers
Indianapolis News.Net
The constant fluctuations on Wall Street can grate on even the toughest businessman's or businesswoman's nerves.
Most actively traded companies on Canadian stock markets
Canadian Business
The Canadian Press 2008 - 7:24 p.m. Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange...
Car industry turmoil rattles Wall St
ABC Australia
Uncertainty over the future of the US car industry, and more bad economic news, have rattled US investors. Wall Street was boosted after a group of US senators said a bipartisan deal had been...
Microsoft says it
Beta News
Microsoft has been working for years to be your TV-time buddy, while yearning also to forge deep relationships with Hollywood and other content providers. But Microsoft wants you to...
Asian stocks at 5-year low
Inquirer
Waves of selling in global stock markets crashed into Asia on Friday, with gains from the region's five-year bull run now erased, and investors seen camping out in government bonds and...
Citigroup weighs potential sale
Business Journal
Goldman Sachs Group Inc. , (NYSE: GS) the Wall Street Journal said. The potential sale of the company comes as little surprise to some industry observers. The bank faces a litany of woes, not the...
Argentine nationalizes pension funds; analysts say it
Star Tribune
Argentina's Senate approved on Thursday a state takeover of $23 billion in private pension funds, a move that analysts say could protect retirees from short-term stock...
Give yourself a smooth ride down Wall Street
Market Watch
Rules for an unruly market Many Wall Street experts aren't going to like this. Ditto the denizens of the mutual-fund business. More than a few financial planners will raise an eyebrow. But it...
Venezuela and Vietnam create $200 million development fund to strengthen economic cooperation
Star Tribune
Venezuelan President Hugo Chavez and his Vietnamese counterpart, Nguyen Minh Triet, agreed on Thursday to create a $200 million joint development fund to strengthen economic...

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