Wall Street Lower on Economy and Debt Worries The New York Times | Stocks fell moderately on Wall Street in early trading Monday as investors remain wary about the strength of the economic recovery and mounting debt concerns in Europe. | Major indexes have been on a roller coaster lately as investors try to determine whether a nascent global economic recovery is ...
Beverage industry douses tax on soft drinks Houston Chronicle | WASHINGTON - Employing a broad-based lobbying effort, the soft drink industry has smothered a plan to tax sugared beverages - a plan advocates said would have reduced obesity and helped finance health care reform. | Only months ago, public health advocates thought the tax would be a natural for co...
Shops hit by big freeze had worst January for 15 years The Independent | Britain's shops suffered their worst January trading for 15 years last month. In an ominous signal for the year ahead, total retail sales rose by just 1.2 per cent, according to latest figures from the British Retail Consortium (BRC) and KPMG. | Th...
G7's reassurances fail to calm fears of Greek meltdown The Independent | The Euro fell to its lowest level since last May yesterday, despite attempts by Europe's finance ministers to soothe fears over Greece's parlous finances. Shorting against the single currency also shot up to the highest level since the euro was cre...
Xstrata reinstates dividend as China supports metal prices The Independent | The mining giant Xstrata reinstated its dividend yesterday, adding that stimulus packages in developing economies were underpinning confidence in commodity markets. | The world's biggest exporter of thermal coal reported a 41 per cent fall in full-...
Credit crunch villains get their parole The Independent | I think I'll keep my office exactly the way it is," John Thain told reporters as he took over the helm of the US small business lender CIT Group yesterday. Well he might. His is a remarkable resurrection, and he won't be wanting to jeopardise it. H...
AP / Kostas Tsironis
Vodafone wins Oracle contract Money Week | Telecommunications group Vodafone has been appointed by Oracle to manage the software firm's mobile service needs in the Europe, Middle East and Africa region for four years. | U...
CIT names ex-Merrill CEO Thain as chairman, CEO The Boston Globe | NEW YORK-Former Merrill Lynch CEO John Thain, who brokered the investment bank's controversial sale to , is taking over as chairman and CEO of as the commercial lender continues ...
CIT, emerging from bankruptcy, hires Thain as CEO The Guardian * Former Merrill CEO replaces interim chief immediately * Thain's experience restructuring NYSE cited in hire * CIT emerged from bankruptcy in December By Jonathan Spicer NEW YORK,...
Agile, smaller enterprises are leading a revival in the industry The Independent | The tiny improvement in Britain's gross domestic product in the final quarter of last year may be raising fears about the strength of |the economy in general, but manufacturing appears to be on a roll. Figures just released by the Chartered Institu...
Stocks fall as European debt concerns remain Syracuse | (AP) - NEW YORK - Stocks fell moderately in early trading as investors remain wary about the strength of the economic recovery and mounting debt concerns in Europe. | Major indexes have been on a roller coaster lately as investors try to determine whether a nascent global economic recovery is sustainable. | Traders are still grappling with concer...
(photo: US DoD / Petty Officer 1st Class Steven King, U.S. Navy.)
Israeli forces raid West Bank camp Al Jazeera | Israeli forces have raided a Palestinian refugee camp in the West Bank, arresting at least 40 people. | The arrests on Monday at the Shuafat camp in annexed east Jerusalem were part of an operation that Israeli police said was aimed at "putting order" in the area. | Al Jazeera's Elias Karram, reporting from the camp, said: "The raid was...
