Archive for the Category ‘Business’

FTSE 100 falters as China fears hit miners

FTSE 100 falters as China fears hit miners

Previous  of  Companies Next FTSE 250 FTSE 100 Commodity stocks fell bank in morning trading on Thursday, as raw materials prices retreated on fears that China could move to rein in its booming economy after inflation rose more than expected in the year to February. [...]

Retail therapy fails to rouse large-caps

Retail therapy fails to rouse large-caps

FTSE 100 Following a flurry of takeover excitement on Wednesday, the blue-chips pared back those gains to fall 23.31 points to 5617.26. During a subdued day’s trading, retailers were in favour following pleasing results. Home Retail Group, the company behind Homebase, ticked up 4.2 to 272p as despite a dip [...]

Trade deficit shrinks as auto and oil imports drop (AP)

Trade deficit shrinks as auto and oil imports drop 
    (AP)

AP - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad.[Read more...]

U.S. Stocks Inch Lower

U.S. Stocks Inch Lower

Stocks inched lower Friday on fears that the U.S. job market may be too cold while the Chinese economy may be too hot. The Dow Jones Industrial Average was recently off by eight points, or 0.1%, at 10559.55, at risk of snapping a quiet two-day winning streak that had added about 15 points to [...]

BP Seals $7 Billion Offshore Brazil Deal

BP Seals $7 Billion Offshore Brazil Deal

LONDON—British oil giant BP PLC said Thursday it bought into a diverse and broad deepwater exploration portfolio that includes assets off the shores of Brazil, Azerbaijan and the U.S., in a $7 billion deal with U.S. independent oil and gas producer Devon Energy Corp. The deal gives BP a greater footprint in two [...]

‘No giveaway Budget’ says Darling

‘No giveaway Budget’ says Darling

Alistair Darling will announce the Budget on 24 March Chancellor Alistair Darling has warned people not to expect a "giveaway" when the government’s Budget is announced later this month.Speaking to the BBC, Mr Darling said that the Budget would be "sensible" and "reflect [...]

Union to consider BA strike dates

Union to consider BA strike dates

If the union is to strike, it must announce dates by 15 March Union leaders representing British Airways cabin crew will meet later to decide whether to call strike dates.It comes after talks between BA and the Unite union aimed at averting strike [...]

Spike in Prius complaints may not be all it seems (AP)

Spike in Prius complaints may not be all it seems 
    (AP)

AP - Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn’t mean there’s an epidemic of bad gas pedals in the popular hybrid.[Read more...]

Financials Lead Stocks Higher

Financials Lead Stocks Higher

Stocks edged higher for a second straight day thanks to a rally in the financial sector led by American International Group and Citigroup, which conducted a successful offering of $2 billion in securities. The deal heightened traders’ confidence that Wall Street is putting the worst effects of the financial crisis behind it. In [...]

Google Sees Outcome To China Talks

Google Sees Outcome To China Talks

Google Inc.’s chief executive said Wednesday he expects the company will soon reach a conclusion to negotiations with the Chinese government regarding the fate of its China business. “We are in active negotiations with the Chinese government,” Eric Schmidt told reporters at a media summit in Abu Dhabi. Google has decided not [...]