Business and Finance News

Wall Street notches up solid gains
Baton Rouge News.Net
Data showing the U.S. economy was bouncing back helped lift stocks on Wall Street Thursday.
20 oil basins discovered in Indonesia
Baton Rouge News.Net
At least 20 new basins of oil and gas have been found in eastern Indonesia.
Australian banks reduce interest rates
Baton Rouge News.Net
Australia's big four banks have dropped their fixed interest rates as the pressure on funding costs ease.
Religious holy month brings roster changes
Baton Rouge News.Net
Bahraini authorities have issued a new order specifying the working hours at government offices and other establishments during the Islamic holy month of Ramadan.
Microsoft browser features new privacy mode
Baton Rouge News.Net
The latest version of Microsoft's Internet browser includes a piece of software that allows users to surf the Web without leaving a trace.
Pop singer sued over film loan
Baton Rouge News.Net
Pop superstar Madonna has been sued by financier Jay Dykes Jr. who alleges that she has failed to repay a loan of over $400,000 that she took to make a movie in 2006.
Fannie Mae fights back but loses executives
Baton Rouge News.Net
Mortgage finance giant Fannie Mae has made changes to its executive ranks, after investors appeared less certain a government bailout of the company might be imminent.
Durable goods statistics improve in US
Baton Rouge News.Net
New orders for long-lasting US manufactured goods rose by a surprise 1.4% in July, led by a big increase in civilian aircraft sales.
Bangladesh scientists turn waste into oil
Baton Rouge News.Net
Scientists in Bangladesh have developed ways to produce petroleum from degradable organic municipal waste and are now studying its feasibility before going to commercial production.
Qatar National buys stake in Dubai bank
Baton Rouge News.Net
Qatar National Bank has bought 24 per cent of Dubai's Commercial Bank International for US$302 million.
Microsoft unveils Internet Explorer 8, its response to Firefox
Baton Rouge News.Net
Microsoft has unveiled a trial version of a new Internet Explorer designed to fight the growing challenge from Firefox.
Volkswagen overtakes Ford in car sales in H1
San Diego Union-Tribune
FRANKFURT – Volkswagen overtook Ford in the first half of the year as the world's third-largest carmaker by vehicle sales, VW said in a statement on Thursday, in yet another sign of Detroit's...
Union-Tribune announces voluntary separation offer
San Diego Union-Tribune
SAN DIEGO – The Union-Tribune Publishing Co., which publishes The San Diego Union-Tribune, announced Thursday that it was offering buyouts to its non-union employees.
Sears slashes outlook after reporting 62% drop in 2nd Qtr earnings
Axcess News
Sears Holdings Corp. blamed a sluggish economy and lack of consumer spending on its second-quarter results after announcing a 62% drop in earnings. US same-store sales fell...
Tiffany, Zale say international business sparkles as US loses its luster
Star Tribune
Rising sales in Asia and Europe boosted Tiffany & Co.'s second-quarter profit on Thursday, signaling that strong international demand for jewelry is helping offset U.S. economic...
Wall Street Journal Best-sellers
The Miami Herald
FICTION1. "Breaking Dawn" by Stephenie Meyer (Little Brown)2. "Eclipse" by Stephenie Meyer (Little, Brown)3. "Star Wars: The Force Unleashed" by Sean Williams (Del Rey)4. "The Guernsey Literary and...
Bigger Slice of the PC Pie
CNBC
Dell is scheduled to report its fiscal second-quarter results after the market closes Thursday. The following is a summary of key developments and analyst opinion about the period.
Retail group sees slow sales well into 2009
Reuters
U.S. sales will stay sluggish through the holidays and well into next year, despite hopes consumers would get earlier relief from higher food and fuel prices, the National Retail...
Vimpel Communications 2nd-quarter profit rises
CNBC
All Associated Press news Russian telecommunications provider Vimpel Communications on Thursday reported its earnings and revenue grew in the second quarter.For the quarter ended June...
Steve Jobs is Not -- Repeat, Not -- Dead
Wired News
Steve Jobs obituary today -- and inadvertently published it in the process. Some investors were undoubtedly rattled to see, as our tipster did late this afternoon, the Apple CEO's obit cross the...
Spring’s economic rebound is unlikely to last
MSNBC
The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last. Economic slowdowns overseas could make exports...
FED Fed may be pressed for more liquidity steps
San Diego Union-Tribune
NEW YORK – The U.S. Federal Reserve may be pressed in coming months to provide further liquidity to strained money markets as the financial system remains vulnerable despite rapid monetary...
Fleetwood Earnings Face A Landslide
Forbes
Instead of jumping in their motor home for a cross-country road trip this summer, Americans are staying put to avoid steep gasoline prices, which is bad news for recreational vehicle maker Fleetwood...

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