Business and Finance News
 Giant economies discussing free trade
Sudan News.Net
Talks have begun in Melbourne, Australia between eight nations on how to incorporate other countries in the largest free trade area ever seen.
 Strike to be softened by BA contingency plans
Sudan News.Net
British Airways has announced contingency plans to enable around 45,000 passengers to fly each day during a first strike period, which has been called by the union which looks after the industrial interests of airline cabin crews.
 High speed train popular in Spain
Sudan News.Net
In Spain, there has been a shift from driving or flying to train travel, since the high-speed rail connection, the Alta Velocidad Espanola, opened in 2008.
Reliance eyes gas venture in US
Sudan News.Net
India's Reliance Industries Ltd. is nearing a deal to buy a big stake in a large US natural-gas field, according to the Wall Street Journal.
Prescription-drug Heists On The Rise
Seattle Post-Intelligencer
WASHINGTON -- The $75 million heist at a pharmaceutical warehouse in Connecticut this week was just the most audacious example of a growing phenomenon: Thieves are stealing large quantities of prescri...
Quantitativeasing Tails Off In The Sport Of King's
Guardian
Quantitativeasing started promisingly but tailed off badly and failed to fulfil the high hopes of its supporters. We are talking horses here (today's Coral Cup at Cheltenham) rather than monetary poli...
Janney Montgomery Hires Ex-bear Stearns Executives
Business Week
March 17 (Bloomberg) -- Janney Montgomery Scott LLC, the 178-year-old Philadelphia brokerage, has hired former Bear Stearns Cos. executives Brent Giese and James Stauss as managing directors.
Liberty Media Said To Drop Out Of Mgm Studio Bidding
Business Week
March 17 (Bloomberg) -- John Malone’s Liberty Media Corp. has decided against making a bid for the Metro-Goldwyn-Mayer Inc. movie studio, according to two people with knowledge of the media comp...
Facebook Wins Approval To Create Privacy Group
Business Week
March 17 (Bloomberg) -- A federal judge approved Facebook Inc.’s settlement of a lawsuit that provides $9.5 million for a privacy foundation created by the company and lawyer fees, with no money...
Wall Street Hits 17-month Closing High
ABC Australia
Signs of easing inflation in the United States and gains in the energy and banking sectors have helped to push US stocks to their highest closing level in 17 months. The Producer Price Index for Febr...
'china In Midst Of The Greatest Bubble In History'
Times Of India
China is in the midst of "the greatest bubble in history," said James Rickards, former general counsel of hedge fund Long-Term Capital Management. The Chinese central bank's balance sheet resembles ...
Black People Leave, Wal-mart Announcer Says
C News
A worker gathers shopping carts near a Wal-Mart store Wednesday, March 17, 2010, in Washington Township, N.J. Wal-Mart officials are reviewing security tapes after an announcement was made for "all bl...
Black People Leave, Wal-mart Announcer Says
C News
A worker gathers shopping carts near a Wal-Mart store Wednesday, March 17, 2010, in Washington Township, N.J. Wal-Mart officials are reviewing security tapes after an announcement was made for "all bl...
Harman Targets Microsoft In Ford Cars
Business Week
March 17 (Bloomberg) -- Harman International Industries Inc., a maker of audio systems for luxury cars, is expanding into mainstream vehicles and plans to try to steal business from Microsoft Corp.&rs...
Lsi Shares Gain On Upbeat Earnings Outlook
Market Watch
SAN FRANCISCO (MarketWatch) -- LSI Corp. shares rose almost 9% Wednesday after the company lifted its outlook for first quarter earnings and revenue and said customers are spending more on information...
Nike More Than Doubles Its Quarterly Profit
Fox Business
SAN FRANCISCO -- Sneaker giant Nike Inc. reported late Wednesday its fiscal third-quarter profit rose to $496 million, or $1.01 a share, from $244 million, or 50 cents a share, a year ago. Sales grew...
Moody's Downgrades British Airways To 'b1'
Fox Business
SAN FRANCISCO -- Moody's on Wednesday lowered British Airways PLC's corporate family rating to B1 from Ba3 with a stable outlook. "The rating action reflects our view that credit metrics will not be ...
Us House Panel Approves Small Business Aid Bill
Fox Business
WASHINGTON -(Dow Jones)- A House panel on Wednesday approved $14 billion legislation containing a number of measures providing tax relief to small businesses and extending a bond program to help loca...
Guess Quarterly Profit Jumps To $86.6 Million
Fox Business
SAN FRANCISCO -- Guess Inc. late Wednesday reported its fourth-quarter net income attributable to Guess rose to $86.6 million from $47.9 million in the same quarter last year. On a per-share basis, e...
Dow Extends Longest Win Streak Since August 2009
Fox Business
NEW YORK -- U.S. stocks finished higher on Wednesday, with the Dow Jones Industrial Average extending its longest run since August 2009 as investors rejoiced in the Federal Reserve's decision to keep...
Nike Profit Beats In Quarter, Sales Improve
Reuters
), the largest global sporting gear maker, posted a net profit that beat analysts' expectations, helped by fewer clearance sales of merchandise and improving sales around the world.
B.c.’s Green Economy Could Hit $27b Within Decade
Financial Post
VANCOUVER - The green economy in British Columbia could be worth more than $27-billion by 2020, according to an independent study released on Wednesday by a Vancouver group. The Vancouver-based GLOBE...
Toronto Stocks End Day Almost Flat
Financial Post
Marred by Taxes: Lottery Government-run gambling. It's not three card monty but it's a sucker's game and the odds are you'll end up lining government pockets.
Cibc Wins Dismissal Of Suit Over Subprime Holdings
Financial Post
Canadian Imperial Bank of Commerce, the country's fifth-largest bank, won the dismissal of an investor lawsuit in the U.S. over subprime real-estate securities it held. U.S. District Judge Willia...
Canadian Brokerages Face Group Suit Over Gammon Sale
Financial Post
Gammon Gold Inc. and three Canadian brokerages lost a bid to fend off a group lawsuit claiming they misrepresented the mining company's production when they sold shares in a 2007 public offering, an O...
Baytex To Drill 140 Wells In Bid For Record Cash Flow
Financial Post
Baytex Energy Trust, a Calgary-based oil and natural-gas producer whose unit price has more than doubled in the past year, will drill 140 wells in 2010 as the trust seeks to raise production by as muc...
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