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Top Stories: The Australian dollar fell to .9035 as the Australian All Ordinaries dived 2.50% on Friday. Big News Network.com Thu, 26 Nov 2009 18:52:25 -0500The UK government-commissioned Walker Review into the corporate governance of banks has decided banks should be forced to publicly disclose the number of people they employ who earn more than £1 million per year. Big News Network.com Thu, 26 Nov 2009 03:09:01 -0500Switzerland's notoriously secretive banking system has long been used by some of America’s wealthiest citizens, who are now likely to think again about the Swiss reputation for banking discretion. Big News Network.com Thu, 26 Nov 2009 03:05:29 -0500There has been a spike in bankruptcy filings for both consumers and businesses in the US, reflecting the continuing effects of today's weak economy. Big News Network.com Thu, 26 Nov 2009 03:02:37 -0500Britain's Vodafone has revealed it is planning to close its final salary pension scheme. Big News Network.com Thu, 26 Nov 2009 03:01:03 -0500The pressure on China to allow its currency to appreciate has been growing. Big News Network.com Thu, 26 Nov 2009 02:58:18 -0500Advertisements have been running in Australian newspapers offering a finder's fee of AUD$3,000 for anyone who can persuade an overseas doctor to work in Australia. Big News Network.com Thu, 26 Nov 2009 02:55:37 -0500Economists in the US have started to argue that the zero interest rate is doing little to spark lending activity and may even be responsible for asset bubbles. Big News Network.com Thu, 26 Nov 2009 02:54:14 -0500Charities in the UK have asked the government to provide support to low income earners in the private rental sector. Big News Network.com Thu, 26 Nov 2009 02:50:59 -0500In Dubai, the government-run Dubai World has announced it will delay repayments of $59 billion of liabilities. Big News Network.com Thu, 26 Nov 2009 02:49:02 -0500Toyota has decided to order its dealers to alter a part in accelerator pedals on 3.8 million already recalled vehicles in the US. Big News Network.com Thu, 26 Nov 2009 02:47:26 -0500A money trader work at a dealing room the U.S. dollar rate against Japanese yen on the Foreign Exchange Market in Tokyo, Japan, Friday, Nov. 27, 2009. The U.S. dollar fell to the 84 yen level Friday M... Sign on San Diego Fri, 27 Nov 2009 02:18:57 -0500Asian stock markets tumbled Friday as the dollar continued its slide against the Japanese yen and worries over losses from Dubai's debt problems unnerved investors worldwide. Jerusalem Post Fri, 27 Nov 2009 02:07:40 -0500HONG KONG — Asian stock markets tumbled Friday as the dollar continued its slide against the Japanese yen and worries over losses from Dubai's debt problems unnerved investors worldwide. The China Post Fri, 27 Nov 2009 02:01:05 -0500HONG KONG -- Several Asian stock market indexes slumped more than 2% Friday after European markets suffered heavy losses the previous day. In foreign exchange markets, the yen rose against major riva... Fox Business Fri, 27 Nov 2009 01:43:31 -0500(AP Photo/Itsuo Inouye)A money trader work at a dealing room the U.S. dollar rate against Japanese yen on the Foreign Exchange Market in Tokyo, Japan, Friday, Nov. 27, 2009. The U.S. dollar fell to th... Baltimore Examiner Fri, 27 Nov 2009 01:24:20 -0500HONG KONG (AP) - Asian stock markets tumbled Friday as the dollar continued its slide against the Japanese yen and worries over losses from Dubai's debt problems unnerved investors worldwide. It was t... Breitbart Fri, 27 Nov 2009 01:20:34 -0500A money trader work at a dealing room the U.S. dollar rate against Japanese yen on the Foreign Exchange Market in Tokyo, Japan, Friday, Nov. 27, 2009. The U.S. dollar fell to the 84 yen level Friday M... Sign on San Diego Fri, 27 Nov 2009 01:02:13 -0500The nation's retailers are ushering in the traditional start of the holiday shopping season with expanded hours and deep discounts on everything from toys to TVs to lure crowds of shoppers. A number ... Star Tribune Fri, 27 Nov 2009 00:55:46 -0500(AP Photo/Itsuo Inouye)A money trader work at a dealing room the U.S. dollar rate against Japanese yen on the Foreign Exchange Market in Tokyo, Japan, Friday, Nov. 27, 2009. The U.S. dollar fell to th... Examiner Fri, 27 Nov 2009 00:45:38 -0500We'll admit it: so far, most conversations concerning the Microsoft-Yahoo deal and antitrust issues have related to the U.S. and Europe. Still, two potential roadblocks were eliminated yesterday when ... Web Pro News Fri, 27 Nov 2009 00:25:53 -0500Chris Liddell, who's served as Microsoft's chief financial officer for four and a half years, intends to leave the company rather soon. Microsoft announced that Peter Klein will be transitioning in ov... Web Pro News Fri, 27 Nov 2009 00:25:45 -0500FILE - In this May 10, 2006 file photo, a one euro coin is posed on top an U.S. one dollar bill in Frankfurt, central Germany. The dollar slid to a 15-month low against the euro Wednesday, Nov. 25, 20... The News Tribune Fri, 27 Nov 2009 00:16:54 -0500HONG KONG (AP) - Asian stock markets tumbled Friday as the dollar continued its slide against the Japanese yen and worries over losses from Dubai's debt problems unnerved investors worldwide. It was t... Breitbart Fri, 27 Nov 2009 00:03:32 -0500HONG KONG (AP) -- Asian stock markets tumbled Friday as the dollar continued its slide against the Japanese yen and worries over losses from Dubai's debt problems unnerved investors worldwide. Tampa Bay Online Thu, 26 Nov 2009 23:57:24 -0500HONG KONG (AP) -- Asian stock markets tumbled Friday as the dollar continued its slide against the Japanese yen and worries over losses from Dubai's debt problems unnerved investors worldwide. New York Post Thu, 26 Nov 2009 23:55:45 -0500DUBAI/LONDON (Reuters) - Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a center for investme... Reuters Thu, 26 Nov 2009 23:05:20 -0500Wal-Mart was accused Wednesday of violating its ethical standards and forcing employees of its supplier factories in China to work in sweatshop-like conditions, as the world's largest retailer never l... People's Daily Thu, 26 Nov 2009 22:36:26 -0500Mining services and civil engineering firm Macmahon says it expects to double earnings in the 2009/10 financial year as the resources sector rebounds and it expects to win its first overseas contract.... West Australian Thu, 26 Nov 2009 22:18:19 -0500HONG KONG -- Hong Kong shares tumbled again early Friday in line with the deep losses across Asia after European markets plunged on fears about the implications of a restructuring at Dubai World. Sha... Fox Business Thu, 26 Nov 2009 21:45:57 -0500LONDON (Reuters) - Prime Minister Gordon Brown said he would lobby for support for his plan to make banks pay for any future bailout at a Commonwealth summit this week. Reuters Thu, 26 Nov 2009 21:45:15 -0500Jazz Air Income Fund is in discussion with Canadian travel tour veteran Robbie Goldberg about potentially partnering with him on his latest venture, Direct Save Holidays, a new competitor in the packa... Financial Post Thu, 26 Nov 2009 21:44:35 -0500MONTREAL -- At some points in the game, the water looks real; clear at some angles to reveal the rocks below, at other angles, thick and murky. When your character hops into a helicopter, the exhaust ... Financial Post Thu, 26 Nov 2009 21:44:34 -0500The holiday shopping season is off to an early start as some stores are opening their doors on Thanksgiving Day. As Hari Sreenivasan reports, before Black Friday comes Gray Thursday... CBS News Thu, 26 Nov 2009 21:43:07 -0500China has changed dramatically since "The Silk Road" route faded into history, but some Chinese wonder whether the change has been for the better. Terry McCarthy reports. CBS News Thu, 26 Nov 2009 21:43:06 -0500The most thorough study to date of raptor talons reveals their feet to be extraordinarily specialized hunting tools, perfectly suited to their gruesomely amazing killing strategies. “Despite th... Wired News Thu, 26 Nov 2009 21:38:51 -0500’s wish list is our annual roundup of the gadgets, appliances, accessories and toys that we want: 100 of the year’s coolest, most interesting, most exciting products. The product editors ... Wired News Thu, 26 Nov 2009 21:38:47 -0500TOKYO -- Japanese consumer prices continued to drop in October for the eighth straight month, underscoring deflationary pressure here. The Ministry of Internal Affairs and Communications said Friday ... Fox Business Thu, 26 Nov 2009 20:16:52 -0500TOKYO -- Japanese shares fell Friday morning with the Nikkei 225 Average down 1.8% at 9,215.86 and the Topix at 816.61, losing 1.6% in Tokyo. Shares of financials moved lower on continued market conc... Fox Business Thu, 26 Nov 2009 20:16:50 -0500India plans to set up a centralized system to monitor communications on mobile phones, landlines and the Internet in the country, a minister told the Rajya Sabha, the upper house of Parliament, on Th... Fox Business Thu, 26 Nov 2009 20:16:48 -0500NEW YORK (Reuters) - U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales deba... Reuters Thu, 26 Nov 2009 20:16:08 -0500Prices excluding volatile energy and food prices matched a record fall from 2001, the last time Japan slid into deflation, as companies slashed prices of electronics and package tours to lure househol... Reuters Thu, 26 Nov 2009 20:16:07 -0500OTTAWA -- The sentiments of average consumers and chartered accountants are headed in opposite directions, according to a pair of reports released Thursday. The mood of Canadian consumers deteriorate... Financial Post Thu, 26 Nov 2009 20:16:06 -0500Rogers Communications Inc. beefed up its equity stake in rival Cogeco Inc. on Thursday in what some suggest is a clear sign to other would-be buyers that it intends to acquire the smaller cable TV com... Financial Post Thu, 26 Nov 2009 20:16:04 -0500OTTAWA -- A major Nortel Networks Corp. creditor is objecting to terms of a key division sale, saying Nortel turned down a higher cash offer. Ciena Corp. won the auction this week for the metropolita... Financial Post Thu, 26 Nov 2009 20:16:02 -0500Hopes that Bombardier Inc. might be able to stave off further production cuts in its regional-jet program fell flat Thursday with the Montreal transportation giant saying it would be forced to cut an ... Financial Post Thu, 26 Nov 2009 20:15:59 -0500MONTREAL -- At some points in the game, the water looks real; clear at some angles to reveal the rocks below, at other angles, thick and murky. When your character hops into a helicopter, the exhaust ... Financial Post Thu, 26 Nov 2009 20:15:57 -0500On Thursday, federal regulators approved a request to add Al Jazeera English to the list of satellite services eligible to be distributed in Canada. Financial Post Thu, 26 Nov 2009 20:15:56 -0500In its fiscal second-quarter budget update, the Alberta government said it expects a deficit of $4.3-billion for the current fiscal year, down from its first-quarter forecast for a $6.9-billion ... Financial Post Thu, 26 Nov 2009 20:15:53 -0500NEW YORK -- One of News Corp Chief Executive Rupert Murdoch's sons sold about US$27.6-million of his shares the media company this week as his investment company purchased a large stake in an Australi... Financial Post Thu, 26 Nov 2009 20:15:50 -0500Web and video posts are feeding a new form of “silent attrition, where customers switch companies without complaining directly,” Frank Sherlock, senior vice-president at Cincinnati-based Convergys... Financial Post Thu, 26 Nov 2009 20:15:48 -0500Bidding wars and higher interest costs have lead to the inevitable - a drop in housing affordability for the first time in five quarters, according to a new index produced by the Royal Bank of Canada.... Financial Post Thu, 26 Nov 2009 20:15:44 -0500BEIJING -- China faces a protectionist backlash next year because its manufacturers are saddled with overcapacity and are offloading excess output into world markets, the European Union Chamber of Com... Financial Post Thu, 26 Nov 2009 20:15:40 -0500LONDON -- Oil fell toward US$77 on Thursday in line with falls across financial markets and as weak demand for fuel offset potential support from a weak dollar. Global stock markets fell after Du... Financial Post Thu, 26 Nov 2009 20:15:37 -0500Electric cars may be coming, but they will come much more slowly than you might expect from all the publicity. The price is one problem. It's the batteries. To get an e-car with more range, you need m... Financial Post Thu, 26 Nov 2009 20:15:33 -0500CANBERRA -- Looking to work overseas? Head to Canada, Australia or Thailand, according to an annual global survey which found recession-hit Britain was one of the worst locations to live for expatriat... Financial Post Thu, 26 Nov 2009 20:15:29 -0500NEW YORK/LONDON -- Gold prices hit record highs above US$1,190 an ounce Wednesday as the dollar fell sharply and the market expected central banks from emerging economies to keep buying bullion from t... Financial Post Thu, 26 Nov 2009 20:15:26 -0500Onex Corp said Wednesday it had sold another part of its interest in Emergency Medical Services Corp in a secondary offering, for proceeds of about US$151-million. The Canadian private-equity firm sai... Financial Post Thu, 26 Nov 2009 20:15:17 -0500NEW YORK -- AIG and former chief executive Maurice "Hank" Greenberg have reached an agreement to bury a long-standing, bitter legal battle and the insurer will turn over materials the former boss can ... Financial Post Thu, 26 Nov 2009 20:15:13 -0500Dan Fortin, part 2 FP Executive's John Turley-Ewart speaks with Dan Fortin, President IBM Canada, about what differentiates Canadian managers. Financial Post Thu, 26 Nov 2009 20:15:10 -0500Macquarie Telecom reported a net profit for the year to June of $7.45 million, compared with a $1.17 million loss the previous year.Chief executive David Tudehope said the company's priorities con... Yahoo!7 News Thu, 26 Nov 2009 20:11:25 -0500Just 23% of final-salary pension schemes in the private sector are still open to new joiners, says the National Association of Pension Funds (NAPF).A year ago the figure stood at 28% but since then mo... BBC Thu, 26 Nov 2009 19:48:08 -0500Given that syndicated loans bankers have had little to do in the past year (after all, you'd be mad to lend to dodgy companies in a recession, no? regardless of what the Government says), why not have... The Independent Thu, 26 Nov 2009 19:10:50 -0500They destroyed the livelihood of millions with their greed but feel no shame. Now they're even less trusted than journalists - and that's saying something... Guardian Thu, 26 Nov 2009 19:09:45 -0500Construction site of the third-generation nuclear plant in Flamanville, northwestern France. Photograph: Christophe Ena/AP In the race to provide... Guardian Thu, 26 Nov 2009 19:09:44 -0500Dubai World, the holding company that owns everything from P&O ferries to a billion-dollar stake in the New York department store Barneys – and which is $60bn in the red.Owned by the Dubai gover... Guardian Thu, 26 Nov 2009 19:09:38 -0500Shareholders in state-controlled Lloyds overnight overwhelmingly approved its plans to raise Stg13.5 billion ($A24.23 billion) in Britain's biggest-ever rights issue, the bank said.More than 99 pe... The West Australian Thu, 26 Nov 2009 18:44:15 -0500Yves Rossy, better known as the ‘Jetman,’ failed in his first attempt to make an intercontinental flight between Europe and Africa. After launching over Morocco, Rossy was heading for Spai... Wired News Thu, 26 Nov 2009 18:41:47 -0500The FTSE 100 index dropped more than 170 points as Dubai World's debt worries spooked investors. Photograph: AP Share prices in the City suffered their biggest fall since March today amid fears that... Guardian Thu, 26 Nov 2009 17:47:39 -0500Dubai saw the cost of insuring $10m of the emirate's debt rocket today to $535,000 (£325,000), from $435,000 the day before. The cost of insuring the debt against default had been $320,000 prior to t... Guardian Thu, 26 Nov 2009 17:47:38 -0500Construction work has stopped at many sites in Dubai. Photograph: Gareth Cattermole/Getty Images While Iceland's transformation from fishing nation to financial powerhouse – and back – became a ... Guardian Thu, 26 Nov 2009 17:47:35 -0500Lloyds Banking Group has got the overwhelming backing of shareholders for its £13.5bn rights issue.The company said 99.75% of shareholders backed the proposal in a vote at a general meeting in B... BBC Thu, 26 Nov 2009 17:31:27 -0500Philips has received a formal statement of objections from the Commission, the company said in a filing to the Euronext stock exchange. The charges follow a two-year investigation sparked by complai... Fox Business Thu, 26 Nov 2009 17:24:39 -0500Nortel Networks Corp.'s union and former employees failed to persuade an Ontario appeals court they are entitled to retirement and severance payments. The Court of Appeal for Ontario on Thursday dism... Financial Post Thu, 26 Nov 2009 17:22:49 -0500The price of garlic bulbs has tripled in just eight months in China, with global prices likely to rise as a result. Speculators have been blamed for the massive rise - but there is also a popular theo... BBC Thu, 26 Nov 2009 16:55:31 -050015. "Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves" by Andrew Ross Sorkin (Viking)... Tampa Bay Online Thu, 26 Nov 2009 16:55:02 -0500Sir David Walker 's report would curb bumper bank bonuses have attacked him for failing to grasp the extent of public anger at big City payouts and reckless risk-taking.The report drew some support fr... Guardian Thu, 26 Nov 2009 16:15:07 -0500Borders arrived in the UK in the summer of 1998, the Spice Girls were riding high in the charts and Bill Clinton was categorically denying his relationship with "that woman". The American giant promis... Guardian Thu, 26 Nov 2009 16:15:05 -0500Dubai play to investors' big fear – the idea that banks have only recognised the losses they can afford to shoulder today, not the defaults that will arrive eventually.The International Monetary Fun... Guardian Thu, 26 Nov 2009 16:15:03 -0500Borders administration must be good news for the two other big book retailers, right? Well, WH Smith and HMV's Waterstones may enjoy a short-term bounce in trade, but they should contain their excitem... Guardian Thu, 26 Nov 2009 16:15:00 -0500E3G , it looks like an opening bid, a small variation on the growth scenarios that Chinese officials have been working on. Two key questions remain: how much more are the Chinese keeping back for the ... Guardian Thu, 26 Nov 2009 16:14:58 -0500Borders opened and that was it – from day one we might as well have locked up."We manage here through keeping a good range, customer loyalty, and we can usually get anything they want very promptly.... Guardian Thu, 26 Nov 2009 16:14:56 -0500VANCOUVER, B.C. - Finning International Inc. (TSX:FTT) said Thursday its Canadian division is selling seven Caterpillar mining trucks and nine tractors to Shell Canada Energy. Financial terms of the s... Canadian Business Thu, 26 Nov 2009 16:11:17 -0500NEW YORK -- One of News Corp Chief Executive Rupert Murdoch's sons sold about US$27.6-million of his shares the media company this week as his investment company purchased a large stake in an Australi... Financial Post Thu, 26 Nov 2009 15:52:03 -0500OTTAWA -- CIBC World Markets released a report Thursday in which it says it's a sound strategy for stock buyers to follow the time-honoured tradition of buying up dividend-paying stocks. During equit... Financial Post Thu, 26 Nov 2009 15:52:01 -0500WASHINGTON: IMF said it had sold 10 tonnes of gold to Sri Lanka's central bank for $375 million, as part of a restructuring of IMF financial resources. It was the third IMF sale of gold in a month ... Times Of India Thu, 26 Nov 2009 15:04:03 -0500Dubai World, would ask creditors for a standstill on paying back its $60 billion debt until at least May. The company’s real estate arm, Nakheel shoulders the bulk of money due to banks, investme... Times Of India Thu, 26 Nov 2009 15:04:01 -0500European stocks plummeted the most in seven months amid concern Dubai’s proposal to delay debt payments may trigger the biggest sovereign default since Argentina in 2001. London Stock Exchange,... Times Of India Thu, 26 Nov 2009 15:03:59 -0500AIG said that it had settled long-running legal battles with Maurice R Greenberg, the company’s former CEO, in an attempt to move past years of costly fighting. The settlement also applied to ... Times Of India Thu, 26 Nov 2009 15:03:55 -0500DALLAS - While the U.S. Senate considers a climate bill aiming to dramatically slash air pollution linked to global warming, Texas Gov. Rick Perry and other Republican leaders in the state that leads... Star Tribune Thu, 26 Nov 2009 14:17:57 -0500£13.5bn fundraising despite telling the bank's board they were bitter and angry at having to shore up the bank's finances following its "disastrous" purchase of... Guardian Thu, 26 Nov 2009 14:08:32 -0500A small Scottish brewery with a taste for controversy has produced what it claims to be the world's strongest beer, one so alcoholic it is designed to be drunk in whisky-sized nips and comes with its ... Guardian Thu, 26 Nov 2009 14:08:30 -0500"Lloyds shareholders have been sacrificed for the greater good of the British economy. If the government believes the bank needs an insurance scheme after the takeover of HBOS then taxpayers should pa... Guardian Thu, 26 Nov 2009 14:08:28 -0500Sir David Walker wants to make one thing clear: he is not a City grandee. He does not like the label and would the Guardian please not refer to him as such.Many City-watchers could probably think of o... Guardian Thu, 26 Nov 2009 14:08:27 -0500Toronto-based Rogers, which also operates the country's second-largest cable TV business and owns several media properties, has a national workforce of about 30,000. Financial Post Thu, 26 Nov 2009 13:44:44 -0500BIRMINGHAM (England): Lloyds Banking Group investors on Thursday overwhelmingly approved the bank's record rights issue but gave executives a grilling for mistakes made during the financial crisis.... Times of India Thu, 26 Nov 2009 13:41:49 -0500NEW YORK - When Lori Fowlkes first saw robotic Zhu Zhu Pets toy hamsters in September, she remembers her kids started jumping up and down and saying "Please! Please! Can we buy them?" Seei... Star Tribune Thu, 26 Nov 2009 12:49:57 -0500WASHINGTON - Beyond the noisy town hall meetings, Tea Party protests and sky-is-falling speeches characterizing much of the health care debate is a less visible, but no less intense push to broaden t... Star Tribune Thu, 26 Nov 2009 12:49:55 -0500Medical technology company Medtronic's stocks surged 5 percent Tuesday in the wake of strong earnings reports, while rivals on implantable cardioverter defibrillators (ICD) market saw similar gains in... Medical News Today Thu, 26 Nov 2009 12:44:49 -0500The firm, which has 45 stores employing 1,150 people across the UK, has come under severe pressure from internet competition during the past year... Guardian Thu, 26 Nov 2009 12:41:28 -0500 |
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