Business and Finance News
Eurotunnel results show a profit
Jacksonville News.Net
Eurotunnel has announced a profit of 1.4 million euros for last year, despite the weather, a fire in the tunnel and poor economic conditions.
 Iceland votes not to hold referendum
Jacksonville News.Net
Icelanders have voted overwhelmingly against a referendum to allow taxpayers money to be used to repay international debts.
 U.S. stocks creep higher
Jacksonville News.Net
U.S. stocks made narrow advances Tuesday, as traders remained cautious on the economy.
 Chinese passenger cars in strong demand
Jacksonville News.Net
Chinese passenger car sales have climbed 55 percent from February 2009, with strong demand for smaller cars and four wheel drive vehicles.
 Food prices in 2050 will be shocking
Jacksonville News.Net
The head of the UN Food and Agriculture Organisation has warned another food price crisis might happen if record high energy prices, growing demand for bio-fuels and low grain reserves force up price benchmarks.
US rate rise inevitable
Jacksonville News.Net
Economists in Washington have suggested the Federal Reserve will soon raise benchmark interest rates.
US stocks gain on financial firms
Jacksonville News.Net
Major US stock indices posted mild gains Tuesday, led by troubled financial firms bailed out by the US government in the past year.
Springville Wal-Mart hit by Quick Change Robbers
WKBW
See all 3 photos » Erie County Sheriff's and Crimestoppers are asking for your help tonight in trying to catch three people suspected of robbing the Wal-Mart in Springville. Take a close look ...
Abbott paying $450 million for Facet Biotech
Seattle Post-Intelligencer
THE ASSOCIATED PRESS NEW YORK -- Abbott Laboratories says it will buy Facet Biotech for about $450 million in cash, expanding the company's access to biotechnology drugs, including a potential trea...
US stocks gain on financial firms
Earth Times
New York - Major US stock indices posted mild gains on Tuesday, led by troubled financial firms bailed out by the US government in the past year. Boeing, General Electric, AT&T and United Technologies...
Update: Microsoft researcher wins Turing Award
Computerworld
IDG News Service - The Association for Computing Machinery (ACM) has awarded the 2009 A.M. Turing Award to Charles P. Thacker, for his work in pioneering the networked personal computer. In
Time Warner Cable Urges U.S. to Block TV Blackouts
Business Week
March 9 (Bloomberg) -- Time Warner Cable Inc. plans to ask U.S. regulators to block broadcasters from cutting signals during fee disagreements, aiming to avoid disruptions such as Walt Disney Co.&rsqu...
Shrewsbury Wal-Mart plan gets hearing
Business Journal
to the site. The public hearing will be held at 7 p.m. at Shrewsbury City Center, 5200 Shrewsbury Ave. The 25 acres under consideration are located on the northwest side of Watson Road and west of t...
Steel Dynamics issues weak 1Q earnings outlook
The Seattle Times
Steel Dynamics Inc. on Tuesday issued a first-quarter earnings outlook that mostly fell below analysts' estimates, citing weakness in its structural steel and fabrication operations.
Airlines say no to costly snoop tech
Times Of India
NEW DELHI: Eyehole versus CCTV is an age-old debate in most middle-class Indian families who want to secure their homes but are discouraged from going hi-tech because of massive difference in price...
TSX struggles despite better Scotiabank earnings
Calgary Herald
The Toronto Stock Exchange saw its second straight day of losses Tuesday as commodity prices fell slightly and better-than-expected earnings from Bank of Nova Scotia weren't enough to spark investor i...
TSX struggles despite better Scotiabank earnings
Vancouver Sun
The Toronto Stock Exchange saw its second straight day of losses Tuesday as commodity prices fell slightly and better-than-expected earnings from Bank of Nova Scotia weren't enough to spark investor i...
Hot Property Sex.com on Auction Block
Wired News
It’s a sadly familiar story from the high-flying market of the past few years: Speculator thinks values will continue to go up, up, up. Overbids for a hot property. Can’t keep up with the ...
Korn/Ferry International Swings to 3Q Profit
Fox Business
KFY ) reported a 5.8% rise in revenue, to $152.9 million for its fiscal third quarter, thanks to improved business. Korn/Ferry posted profits of $7.9 million, or 17 cents per share, compared with lo...
Anadarko to Repurchase $1B in Debt
Fox Business
APC ) has put out two cash tender offers for the buyback of as much as $1 billion in outstanding debt, the company reported on Tuesday. The company’s initial offer is for the buyback of all issued...
InterMune Shares Jump On FDA Panel Recommendation
Fox Business
SAN FRANCISCO -- InterMune Inc. shares jumped after a Food and Drug Administration panel recommended the agency approve the biotech's Esbriet lung treatment. InterMune is trying to get marketing appr...
Staples Hikes Quarterly Dividend By 9% To 9 Cents
Fox Business
SAN FRANCISCO -- Staples Inc. said late Tuesday its board raised the quarterly cash dividend by 9% to 9 cents from 8.25 cents a share. The dividend will be paid on April 15 to shareholders of record ...
Crude Oil Falls After API Reports Inventories Gain
Fox Business
SAN FRANCISCO -- Crude-oil futures fell further in electronic trade late Tuesday after the American Petroleum Institute reported an unexpected rise in crude-oil stockpiles for the week ended March 5....
Mutual Fund Investors Still Wary Of Stocks
Fox Business
NEW YORK -- Ask most financial professionals and they'll tell you the same thing: Investors flee the stock market and then jump back in, but too late for their own good.The evidence of the past year ...
American Eagle To Close MARTIN+OSA Brand
Fox Business
SAN FRANCISCO -- American Eagle Outfitters Inc. said late Tuesday it plans to close its MARTIN+OSA brand, including all 28 stores and its online operations. "Although performance improved from fiscal...
Abbott Labs To Buy Facet Biotech For $722 Million
Fox Business
SAN FRANCISCO -- Abbott Laboratories said late Tuesday that it will acquire Facet Biotech Corp. for $27 a share. The total purchase price of $722 million includes $272 million of Facet's cash and sec...
Navistar Posts Steep Profit Decline
Fox Business
SAN FRANCISCO -- Engine maker Navistar International on Tuesday reported a first-quarter profit of $17 million, or 23 cents a share, down from 48 million, or 67 cents a share, a year ago. Sales fell ...
Mini Celebration on Wall Street
Fox Business
Celebrating the one-year anniversary of the end of the Great Recession's bear market, Wall Street closed slightly higher on Tuesday, adding onto the Dow's 4,000-point surge over that span. Today's M...
CEO bonuses fell 22 pct in 2009: report
Reuters
(Reuters) - U.S. consumer, financial and technology companies slashed bonuses for their chief executives by more than half in 2009, a leading firm that tracks pay data said on Tuesday, as companies mo...
U.S. to delay BAE export licenses after plea deal
Reuters
BAE pleaded guilty on March 1 to conspiring to make false statements in connection with foreign arms contracts and agreed to pay a $400 million fine to settle a long-standing inquiry into its business...
SEC sues ex-NY loan trader over alleged kickbacks
Reuters
(Reuters) - A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securi...
PDAC 2010: Amy Cheng opens doors to Asia
Financial Post
TORONTO -- For mining companies looking to access Asian capital, Amy Cheng is one of the key people to turn to. Ms. Cheng, managing director of metals and mining at Bank of China International Ltd. (...
Canadian corporates go on a shopping spree
Financial Post
If corporate Canada was ever being hollowed out, it is now being filled in. For the first time in five years, the announced acquisitions of international companies by Canadian entities outstripped fo...
The 4 Biggest Lies in Real Estate
CBS News
Digital photos and video have been a godsend for real estate agents, homebuyers and sellers, enticing prospects to drool over images of Viking ranges, sparkling pools and lush lawns. Lately, agents ha...
TSX struggles despite better Scotiabank earnings
Canada.com
The Toronto Stock Exchange saw its second straight day of losses Tuesday as commodity prices fell slightly and better-than-expected earnings from Bank of Nova Scotia weren't enough to spark investor i...
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