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• Annual inflation in Zimbabwe passes 11 million percent
The official inflation rate in the African nation Zimbabwe has now exceeded 11 million percent.
• Paulson says Americans should not fear Chinese economic clout
U.S. Treasury Secretary Henry Paulson says Americans should not fear China's growing economic clout, but rather see it as an opportunity that can benefit both China and the United States, if the two countries forge a successful strategic economic relationship in the years ahead.
• Iraq to tie up with China on oil field development
Iraq's oil minister will be in China later this month to complete a $1.2-billion oil deal.
• California homes being snapped up
Californian home buyers have driven sales up more than 12 percent from July 2007, resulting in the biggest jump in sales in four years.
• GM offers vehicle discounts to staff
General Motors Corp has told staff it will better its usual ten percent discount.
• Prices rising faster than any time in a decade
Wholesale inflation in the US soared in July.
• Etihad services continue to build into Asia
Abu Dhabi-based Etihad Airways, which started its daily service from Abu Dhabi to Kozhikode Aug 2, said it is holding talks with Kerala Tourism Development Corporation (KTDC) to develop tour packages.
• Tom Cruise new Hollywood superhero
Hollywood superstar Tom Cruise is reportedly set to become a superhero in an adaptation of comic book classic 'Sleeper'.
• Mobile users rocked by condom ringtone
Imagine the expression on the faces of those around you when your mobile suddenly starts buzzing with an unlikely ringtone: 'Condom, condom'.
• US stocks drop on producer prices, housing woes
US stocks declined Tuesday after producer prices surged and housing construction plummeted by the most in 17 years, prompting investor concerns that the US has entered a prolonged period of low growth and high inflation.
• WPP restructures Group M senior management
WPP has confirmed a senior management restructure at Group M, the UK's largest combined media buying operation, promoting Stephen Allan to a worldwide role with Nick Theakstone stepping up to run the ...
• Wall St flat; HP gains offset by oil, credit woes
By Ellis MnyanduNEW YORK (Reuters) - Stocks were little changed on Wednesday as rising oil prices and nagging concerns about the credit crisis offset a strong outlook and profit from Hewlett-Packard
• States push laws to require paid sick days
HARTFORD, Conn. - For school bus driver Jamille Aine, a cold is more than an inconvenience. His employer does not offer paid sick days, so if he can’t shake the bug, he may not be able to pay his bi...
• Hewlett-Packard’s profit jumps 14 percent
SAN FRANCISCO - Hewlett-Packard Co. weathered economic turbulence remarkably well in the fiscal third quarter but the technology bellwether faces another big challenge — stiffer personal-computer co...
• Insurers give top crash-test scores to 4 small SUVs
Four small sport utility vehicles received top scores in crash-test results to be released Wednesday by the insurance industry, a sign of improvement compared with SUVs built earlier in the decade. ...
• Microsoft, Novell expand Linux deal by $100 million
Microsoft on Wednesday extended its existing partnership with Novell with a pledge to pump an additional $100 million into the deal. The companies, which
• H-P shares get lift on strong earnings forecast
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. shares climbed as much as 4% Wednesday after the tech bellwether said its broad product lines and international sales led its strong third-quarter ea...
• Mortgage applications sink to multiyear low
The fall in application volume is the latest sign of a struggling housing market. On Tuesday, a Commerce Department report showed construction of homes and apartments fell in July to the lowest level ...
• Could Trump be trumped on McMahon deal
Donald Trump announced that he had made the lenders an offer and expected to be able to buy the house and lease it back to McMahon. But it now appears that Trump has competition. Alex Davis of H...
• Would Linux help Adobe pummel Microsoft
Adobe could port its Creative Suite...to Linux as a shot across Redmond's bow. Then the company should embrace Linux in-house and develop a complete, optimized Linux OS designed to run a high-performa...
• Hewlett-Packard, Lehman Brothers, eBay in the spotlight
U.S. stock market futures pointed slightly higher Wednesday as an upbeat earnings outlook from Hewlett-Packard helped take the spotlight away from financial sector turbulence.
• Gas prices fuel hike in retail sales, StatsCan says
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• American Airlines begins inflight Internet service
American Airlines expanded the availability of in-flight Internet access Tuesday, launching airborne e-mail, Web and other online services on some of its longer, nonstop flights. The move could cre...
• Amylin shares keep declining
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies by
• U.K. regulator orders BAA to sell three British airports
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• Investor Support Of Climate Action Grows
One resolution by ExxonMobil shareholders requesting the company adapt quantitative goals for reducing greenhouse gas emissions from its products and facilities (such as this refinery in Baytown, Tex....
• Stocks point higher after Hewlett-Packard report
NEW YORK—Stocks fell for a third straight session Wednesday after worries about the financial sector and a rise in oil prices offset investors' enthusiasm over an upbeat profit report from Hewle...
• Microsoft ups its anti-Linux crusade by $100 million. Novell and Red Hat profit
. Several decades later, that same advice helps to unravel the mystery of why Microsoft keeps upping its investment in Novell's SUSE Linux certificates...while simultaneously
• New rules restrict telemarketers
U.S. regulators have barred telemarketers from making prerecorded telephone calls to consumers who don't agree in writing to accept such messages. The new rules take effect in September 2009, the Fed...
• Rogue fund manager ordered to pay US$291M
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• Wall Street leads London off its highs
London shares have come off their best levels after Wall Street slipped into reverse on renewed credit crunch worries.Following a positive start after reasonable results from Hewlett-Packard, the US m...
• Gold demand picks up
MUMBAI: Gold demand improved on Wednesday as prices remained below the psychological 12,000 rupee level, dealers said. "There is very good demand from the retail buyers as they are buying ahead ...
• All about Apple iPhone
Fancy phone! What's more you can even use them for calling Here are few iPhone contenders available at prices that can make your eyes pop out of their sockets.
• Hewlett-Packard leads tech sector gains
) led the tech sector north in early trading Wednesday, as the tech giant's shares rose $1.52, or 3.5%, to $45.21. H-P benefited from a strong third-quarter report and fouth-quarter outlook that it ...
• U.S. stocks open mostly higher on upbeat HP earnings
NEW YORK (MarketWatch) -- U.S. stocks opened mostly higher on Wednesday, rebounding from two straight sessions of losses, as upbeat earnings from computer-maker Hewlett-Packard helped shift the market...
• Maple Leaf Foods recalls deli meats
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• Morgan Stanley, Yamana Gold
All Associated Press news (AP) - Among the premarket stories for Wednesday, Aug. 20, from AP Financial News:NEW YORK (AP) — An analyst on Tuesday night recommended long positions on investment bank ...
• Remedent, Inc. Announces Conference Call to Discuss First Quarter...
REMI , an international company specializing in the research, development, manufacturing of oral care and cosmetic dentistry products, today announced that it will have a conference call to discuss...
• NBC signals further expansion into UK after buying Carnival
NBC Universal has said it is looking to make further acquisitions in the UK after today's £30m deal for Hotel Babylon producer Carnival.The US broadcaster and Hollywood studio said it would use Carni...
• just a nibble so far
told a conference in Singapore .His comments came on a day when there were more concerns about Fannie Mae and Freddie Mac, the US-government sponsored mortgage finance companies.The Guardian passes on...
• Digital China Announces 1Q FY08/09 Results
leading IT service provider, Digital China Holdings Limited ("Digital China" or the "Group"; Stock Code: 00861.HK) today announced unaudited consolidated results for the three months ended
• Rescuing ground control from BAA
forced to sell three of its seven airports after problems were identified in all seven. The company owns three Scottish airports and three in London, including Heathrow and Gatwick, alongside one in S...
• Supermarket price war moves into mobile phone market
Asda slashing its prices in half and rival Tesco hitting back that its offer is still the best in the market.With the major mobile phone companies announcing a raft of price increases over the past fe...
• CoroWare Reports Second Quarter 2008 Earnings
CROE ) today announced its financial results for the second fiscal quarter ended June 30, 2008. For the fiscal quarter ended June 30, 2008, CoroWare reported revenues of $654,147, a decrease of 4...
• 300 Midlands staff told to reapply for new jobs
All 300 editorial staff working on Trinity Mirror newspapers in the Midlands have been made redundant and asked apply for new roles as part of radical plans to overhaul the company's publishing operat...
• FDA warns General Electric over lax record keeping
Federal regulators have warned General Electric Co. over lax quality control standards at a plant that makes computer software for medical imaging.The warning letter from the Food and Drug Administrat...
• EMTA Holdings, Inc. Files Its 2008 10-Q Quarterly Report
/PRNewswire-FirstCall/ -- EMTA Holdings, Inc., (OTC Bulletin Board: EMHD), maker of XenTx(TM), Synergyn(TM) and other engine treatment and fuel efficiency products, today reported that they had file...
• digiMedical Solutions, Inc. Implements Microsoft-Based Digital Prescription Software at Brooks Pharmacy in Florida
DGMS ) has implemented its proprietary Microsoft-based digital prescription handling software at Brooks Pharmacy in Bonita Springs near Naples and Ft. Myers, Florida. digiMedical software is being ...
• Mecom wants to keep Norwegian arm, says David Montgomery
David Montgomery: would not comment on offers for Edda Media European newspaper group Mecom has received "several" approaches for its Norwegian division but wants to hang on to the business, the com...
• Brown-Forman First Quarter Earnings Release and Conference Call...
BFA will release its financial results for the first quarter of fiscal 2009 on August 28 by 8:00 a.m. (EDT). The company will host a conference call to discuss the results at 10:00 a.m. (EDT) that ...
• IA Global, Inc., Reports EBITDA Results of $2.9 Million on...
IA Global, Inc., Reports EBITDA Results of $2.9 Million on Revenues of $19.7 Million and Cash Flow From Operations of $2.7 Million for the Three Months Ended June 30, 2008
• Microsoft loosens code shackles
Microsoft is planning to make it much easier to move its software between servers in data centres. Currently it is difficult for customers to swap the company's software from one machine to another q...
• Microsoft to Pay Novell $100M More for Linux Support
For some, migration to unified messaging is a key component of VoIP plans. For others, voice messaging replacement has a new urgency and is being addressed separately. Many factors lead to this renewe...
• EZENIA! Inc. Joins Hewlett Packard
PRWeb, a leader in online news and press release distribution, has been used by more than 40,000 organizations of all sizes to increase the visibility of their news, improve their search engine rankin...
• Ross Stores 2Q Net Up 40%; Boosts Earnings View Again
(ROST) said fiscal second-quarter net income soared 40% as economy-battered consumers snapped up its bargains. The company again raised its fiscal-year outlook.
• UK manufacturers cut output
British manufacturers are preparing to cut output at the fastest rate in nearly seven years as the global economic downturn makes trading increasingly difficult for UK exporters, a CBI survey showed t...
• SDG&E says it didn
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies by
• Telemedicine clinic to open at Wal-Mart in Pearland
A new walk-in telemedicine health care clinic is slated to open Wednesday within a Wal-Mart Supercenter in Pearland. The clinic, located at 10500 Broadway, is jointly operated by
• Oil climbs to US$115 a barrel on lower dollar
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• NuVasive to fight patent lawsuit
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies by
• AlphaTrade Delivers Impressive Financial Results for 2nd Quarter...
APTD is announcing income of $2,396,552 or $0.05 cents per share (undiluted), on revenues of $3,233,757 (up 163% from Q2 revenues of $1,226,605 in 2007).
• Military seen as stabilizing economic force in county
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies by
• MTN Expects 1st Half Earnings To Rise As Much As 14.5%
(MTN.JO), Africa's largest mobile phone network operator, said Wednesday it expects its attributable earnings per share rose between 9.5% and 14.5% for the first six months of the year.
• Publishers unsettled by newspaper fears
- which own a number of newspapers across Europe - about the threat facing traditional media from the internet have unsettled UK publishers.Announcing a 3% fall in half year profits, Montgomery said: ...
• Deep Down Announces 96% Increase in Revenues
, or 29%, over last year's six month period. Contract revenues were up 25%, and rentals were up 47%. Our offshore market continues to be strong as we continue to expand our customer base. Deep Down...
• High energy costs cut two ways in Colorado
Kimberly Jackson, a traveling nurse, says she has been turning down jobs because gas prices make the round trips too costly. A law student, she also worries that a dearth of good jobs will force h...
• Tidalwave Holdings, Inc. Appoints New Chief Executive Officer
TWVH ) today announced that the Board of Directors has appointed Mark Klok Chief Executive Officer of the company. Mr. Klok has over a decade of experience in investment banking, mergers and acquis...
• Region out of housing cellar
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies by
• Less crowded skies expected for Labor Day
Higher air fares, fewer flights and a slumping economy seem to be keeping travelers closer to home for the Labor Day holiday. An airline industry group said that only 16 million passengers are exp...
• Universal Energy Corp. Announces Results for the Second Quarter of...
/PRNewswire-FirstCall/ -- Universal Energy Corp. (OTC Bulletin Board: UVSE), an emerging U.S. oil and gas exploration and production company, reported financial and operational results for its secon...
• Change could be years away
Would a break-up of BAA bring any gains for passengers? The words are cautious and carefully chosen. But this is a damning report. The Competition Commission finds that BAA has shown a "lack of res...
• Discount supermarket sales rise
Discount supermarkets are seeing sales grow as cost-conscious consumers in the UK look to save cash, figures suggest. Aldi, Lidl and Netto saw their combined market share rise to 6.1% - their best ev...
• JPMorgan, Morgan Stanley settle auction-rate probe
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• Social networking joins business world
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• Woolworths just another Wal-Mart, says union
August 20, 2008 Johannesburg - Workers at Woolworths are to stage a mass protest against the retailer in Johannesburg on Thursday, their trade union said. "Woolworths has tried very hard to crimina...
• A/S Dampskibsselskabet TORM - Half Year Financial Report
/PRNewswire-FirstCall/ -- "The result for the first six months of the year is the best in the history of TORM when excluding the sale of TORM's shareholding in the shipping company Norden. We have ...
• Onex posts loss but still on hunt for buys
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• Why you should buy Canadian-made products
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• Key 10-year JGB yield up on sharp rises in Asian stocks+
TOKYO, Aug. 20 (AP) - (Kyodo)—The yield on the benchmark 10-year Japanese government bond rose Wednesday as investors sold bonds on the back of sharp rises in Asian equities. In interdealer tradi...
• BAA flies into more controversy
BAA, the UK's largest airports operator, expects the Competition Commission to order its break-up. What is at stake for BAA and the airline industry generally? More than 1,700 aeroplanes fly fro...
• Canadian dollar rises on manufacturing
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• Apple admits iPod Nano
Apple has admitted that a battery fault had led to a small number of its first generation iPod Nanos overheating. But it said that the problem was "rare", occurring in 0.001% of devices sold betwee...
• Appeal court to rule on ABCP Monday
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• Canada Pension Plan investments gain 1% in Q1
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• Oil falls below $114 on global demand worries
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• Ex-Google, Microsoft Veterans Raise Money For Debut Fund
(MSFT) continue to fight for Internet supremacy, a few of their former corporate development executives are busy investing together in innovative software start-ups.
• Olympic thirst boosts China beer
Chinese brewer Tsingtao has reported that half-year profits jumped 42% helped by added publicity due to its 2008 Beijing Olympic sponsorship. The firm, which is 27% owned by US beer giant Anheuser ...
• Many Canadians oppose tougher mortgage rules
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• Toronto stocks drop sharply as commodities fall
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• World of Warcraft Masters In-Game Bribery
has announced a new "Recruit-a-Friend" initiative, designed to rope in those few people who still talk to their spouses and significant others after 8 p.m. instead of beating pretend demons with spark...
• CN asks regulator to modify review of EJ&E deal
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• Pickens says oil won
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• Royal Bank beefs up Hong Kong base
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• Boardwalk REIT says funds from ops up 13%
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• Sleep Country Canada to be bought for $356-million
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• Ericsson, STMicro merge wireless chips
Stock Buzz ) have agreed to join their wireless chip and software businesses to create a joint venture that will supply four of the world's top five cell phone makers.
• Cameco profit sags 27% on lower sales
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• Fifteen tips to keep your company growing
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• Rebate cheques boost Wal-Mart
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• Fannie, Freddie debt faces confidence crisis overseas
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