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- Thu, 21 Aug 2008 23:41:00 GMT
Lord Jones boosts UK sports firms
Lord Jones is banging the drum in Beijing for UK businessTrade Minister Lord Jones will seek to boost the future gold prospects of UK firms working in the sporting sector at a series of meetings in Beijing. Lord Digby Jones said sport was now 'big More...
BBC - Thu, 21 Aug 2008 23:41:00 GMT
Oracle's Ellison grabs top pay spot
Oracle Corp. founder Larry Ellison, a longtime fixture on the list of the world's richest people, is now ensconced atop The Associated Press' rankings of the top-paid chief executives in the United States. Never shy about flaunting his estimated $25 More...
BusinessWeek - Thu, 21 Aug 2008 23:35:00 GMT
Clinics must give full cost before IVF begins
IVF clinics will have to give their patients full details of all likely treatment costs before they start to provide it, under regulations announced yesterday by the Governments fertility watchdog. The Human Fertilisation and Embryology Authority (HFEA) More...
The Times - Thu, 21 Aug 2008 22:28:00 GMT
Indian Advertising Grabs VC Funding
Advertising is the hot investment sector for venture capital investments in India. Indian dvertising startups snared $89 million, more than any other sector, or 37 percent of the regionâ??s funding, in the second quarter of 2008, according to the More...
Red Herring - Thu, 21 Aug 2008 22:04:00 GMT
Olympics Are Ratings Bonanza for Chinese TV
Residents crowded around a television on a Beijing street to watch the opening ceremony of the Summer Olympics. At least 840 million Chinese caught at least some of the ceremony on China Central Television. More Photos > BEIJING ? When the Beijing More...
New York Times - Thu, 21 Aug 2008 20:25:00 GMT
NY AG: Will take Merrill to court on Friday
By JOE BEL BRUNO New York Attorney General Andrew Cuomo said Thursday he'll file suit against Merrill Lynch & Co. over its role in selling auction-rate securities if an agreement isn't reached by the end of the day. Cuomo, who along with other regulators More...
BusinessWeek - Thu, 21 Aug 2008 18:49:00 GMT
Nortel Nabs DiamondWare for $10M
Canadian networking gear supplier Nortel on Thursday said it agreed to acquire 3D voice technology company DiamondWare for up to $10 million. Toronto-based Nortel also announced that it is integrating DiamondWare's technology into web.alive, a new set of More...
Red Herring - Thu, 21 Aug 2008 18:39:00 GMT
US hotel demand declines in 1st half of August
By KRISTEN A. LEE Occupancy at hotels in the U.S. has continued to decline through the first half of August, a market research firm said Thursday, leading analysts to predict that the industry will begin reducing rates to fill rooms. For the week ended More...
BusinessWeek - Thu, 21 Aug 2008 17:36:00 GMT
Reports Offer Mixed Signs on the Economy
Manufacturing in the Mid-Atlantic declined less rapidly in August while weekly jobless claims fell, in two reports on Thursday that revealed morsels of good news in an otherwise bleak economic environment. The New York Times Federal Reserve Bank of More...
New York Times - Thu, 21 Aug 2008 16:34:00 GMT
GameStop raises full-year profit outlook
Video game retailer GameStop Corp. on Thursday raised its earnings outlook for the fiscal year, based on stronger-than-expected second-quarter results. The company believes that unprecedented growth of new video game hardware during 2007 and 2008, More...
BusinessWeek - Thu, 21 Aug 2008 16:10:00 GMT
Millions enter fuel poverty as energy costs soar
Two of Britain's energy providers have dramatically raised gas and electricity prices today, adding to the misery facing hard-pressed UK consumers and putting more people into fuel poverty. Scottish & Southern Energy is putting an extra 29.2 per cent on More...
The Times - Thu, 21 Aug 2008 15:23:00 GMT
Two energy firms to raise prices
The move comes shortly after British Gas announced a record rise in billsEnergy firms E.On and Scottish and Southern Energy are to raise gas and electricity prices by up to 29%. E.On said it would up its gas prices by 26% and electricity bills by 16% on More...
BBC - Thu, 21 Aug 2008 14:22:00 GMT
Nearly 12 million Mexicans said to reside in US
Mexico says 11.8 million of its citizens now live in the United States. Immigration official Ana Teresa Aranda says some 580,000 Mexican nationals emigrate each year. She told an immigration forum Wednesday that 98 percent of Mexicans who live abroad More...
BusinessWeek - Thu, 21 Aug 2008 12:58:00 GMT
BAA to be punished for poor service
BAA could be forced to sell three of its airports after the Competition Commission criticised the company for what it said was decades of poor service to airlines and passengers. The commission wants to break up BAA's monopoly control of airports in the More...
The Times - Thu, 21 Aug 2008 10:32:00 GMT
Lone Star Funds to take over IKB
IKB was bailed out by several lenders following sub-prime problemsUS private equity firm Lone Star is to take over German lender IKB Deutsche Industriebank, according to KfW, the German firm's biggest shareholder.State development bank KfW is set to give More...
BBC - Thu, 21 Aug 2008 09:46:00 GMT
Energy firm E.On to raise prices
The move comes shortly after British Gas announced a record rise in billsEnergy firm E.On is to raise gas prices by 26% and electricity prices by 16% on 22 August.It is the third of the big six energy companies to increase prices for domestic customers More...
BBC - Thu, 21 Aug 2008 09:26:00 GMT
Stagflation stalks the nation and leaves the Bank of England split three ways
Britain's manufacturers highlighted the acute policy dilemma facing the yesterday when they reported the gloomiest outlook for factory output in seven years combined with intense pressure to raise prices. The monthly health check of industry from the More...
Guardian Unlimited - Thu, 21 Aug 2008 07:06:00 GMT
Persimmon posts sharp profit fall
Housebuilders have seen sales slumpUK housebuilder Persimmon has posted a sharp fall in profits for the first six months of the year as it struggles to deal with the housing market slump. The York-based firm said pre-tax profits for the half-year were More...
BBC - Thu, 21 Aug 2008 06:33:00 GMT
Prescriptions for Fannie and Freddie
As policy makers work to ease the strain on the mortgage giants Fannie Mae and Freddie Mac, a consensus is emerging that the two companies will have to look substantially different in the long term. Leading figures from across the ideological spectrum More...
New York Times - Thu, 21 Aug 2008 06:01:00 GMT
If McCain Were Boss...
Sen. John McCain on contractors, pay issues and recruiting talent. (Mary Altaffer - AP) Enlarge Photo TOOLBOX Resize Save/Share + COMMENT Your browser's settings may be preventing you from commenting on and viewing comments about this item. See More...
Washington Post - Thu, 21 Aug 2008 05:54:00 GMT
Ellison gets even richer with $84.6M pay
Billionaire Larry Ellison raked in a fiscal 2008 pay package valued at $84.6 million for his work as Oracle Corp.'s chief executive and topped it off with a nearly $544 million windfall from cashing in stock options that he has accumulated during his More...
BusinessWeek - Thu, 21 Aug 2008 03:27:00 GMT
Notables Voice Their Prescriptions for Fannie and Freddie
As policy makers work to ease the strain on the mortgage giants Fannie Mae and Freddie Mac, a consensus is emerging that the two companies will have to look substantially different in the long term. Leading figures from across the ideological spectrum More...
New York Times - Thu, 21 Aug 2008 02:24:00 GMT
Report Rejects Medicare Boast of Paring Fraud
Medicare?s top officials said in 2006 that they had reduced the number of fraudulent and improper claims paid by the agency, keeping billions of dollars out of the hands of people trying to game the system. But according to a confidential draft of a More...
New York Times - Thu, 21 Aug 2008 02:24:00 GMT
Pharmas generics opportunity in Central and Eastern Europe
For makers of generic pharmaceuticals, markets in Central and Eastern Europe have presented a compelling story in recent years. Players have reaped considerable profits, often enjoying operating margins in excess of 20 percent. And these drug makers are More...
McKinsey Quarterly - Wed, 20 Aug 2008 23:47:00 GMT
F.D.I.C. to Let IndyMac Borrowers Modify Loans
Troubled borrowers with mortgages from IndyMac Federal Bank will be able to seek lower-priced, fixed-rate loans as part of a plan unveiled Wednesday by the regulatory agency that took over the failed thrift about a month ago. The Federal Deposit More...
New York Times - Wed, 20 Aug 2008 23:28:00 GMT
Intel, Yahoo partnering on Net TV concept
Hoping to plant their flags on the screens of Internet-connected television sets, Intel Corp. and Yahoo Inc. unveiled a new project Wednesday to populate those screens with tiny programs called widgets. Depending on your point of view, the goal is to More...
BusinessWeek - Wed, 20 Aug 2008 22:23:00 GMT
Carlyle Group?s Gerstner to Step Down
The Carlyle Group on Tuesday said that Lou Gerstner plans to step down as chairman of the firm next month. Mr. Gerstner has held the position since 2003. He has agreed to become a senior advisor for Carlyleâ??s Asia, Europe, Japan, and U.S. buyout More...
Red Herring - Wed, 20 Aug 2008 21:24:00 GMT
Big Dreams for North Korean Industrial Park
KAESONG, North Korea - The Kaesong Industrial Park is worlds away from the North Korean city on whose outskirts it sits. While the South Korean-run industrial park has modern factories and motorists in sport utility vehicles, the city of Kaeson is More...
New York Times - Wed, 20 Aug 2008 20:17:00 GMT
Big Dreams for Growing North Korean Industrial Park
KAESONG, North Korea ? The Kaesong Industrial Park is worlds away from the North Korean city on whose outskirts it sits. While the South Korean-run industrial park has modern factories and motorists in sport utility vehicles, the city of Kaeson is More...
New York Times - Wed, 20 Aug 2008 19:36:00 GMT
F.D.I.C. Moves to Help IndyMac Borrowers
WASHINGTON ? Troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail. Most More...
New York Times - Wed, 20 Aug 2008 19:26:00 GMT
