Business and Finance News

Bangkok airport will be slow to re-start
Detroit News.Net
It has been estimated that it will take at least a week to re-start Bangkok's Suvarnabhumi airport from the time demonstrators choose to leave.
New device to power the world
Detroit News.Net
Scientists have developed a new revolutionary device that can harness energy from slow-moving rivers and ocean currents that might be able to provide enough power for the entire world.
UN chief warns of dirty power
Detroit News.Net
The United Nations climate chief is warning against what he calls 'cheap and dirty' power as a quick fix to the global financial crisis, saying it will lead to another economic disaster.
US auto dealers in fight for survival
Detroit News.Net
Car dealerships in the US are likely to decline by about 900 in the current economic downturn.
Japanese car industry in serious slump
Detroit News.Net
The Japanese car industry has reported domestic sales of new vehicles in November plunged 27.3 percent from a year earlier.
EU says inflation is way down
Detroit News.Net
The European Union statistics office has announced that countries that use the Euro as their common currency have reduced inflation.
Money trail hard to follow in US bailout
Detroit News.Net
While the US government is spending an unprecedented amount of money to restore the country's economy, analysts have found it difficult to predict the final price of the overall recovery effort.
Zimbabwe citizens asked to rise up against banks
Detroit News.Net
Zimbabweans are about to demand unlimited cash withdrawals from their banks.
EU chief says Britain could join the zone
Detroit News.Net
European Commission President Jose Manuel Barroso has revealed that Britain could join the eurozone as a direct consequence of global financial turmoil.
Woolworths suitors come out in force
Detroit News.Net
The administrator for the British retailer Woolworths claims to have received many enquiries from companies who want parts of the business.
Madonna set to make record earnings from tour
Detroit News.Net
Pop diva Madonna's current 'Sticky & Sweet' world tour is set to rake in $282 million (185.7 million pounds), making it the biggest-selling solo jaunt ever.
Police Want Answers In Wal-Mart Trampling Death
CBS 4
NEW ― Police are reviewing surveillance videos of a post-Thanksgiving shopper stampede that trampled a suburban Wal-Mart worker to death, but they acknowledge it may be difficult to...
Police seek Wal-Mart shoppers who killed N.Y. worker
USA Today
Police are investigating the fatal trampling of a Wal-Mart employee at a store in Valley Stream, N.Y., that took place as the store opened on Black Friday.
European, Asian stocks retreat amid economic gloom
Gadsden Times
European and Asian stock markets fell Monday ahead of an expected lower opening on Wall Street amid renewed signs that the world economy is slowing down sharply.
Stock markets slide ahead of rate decisions, economic data
Business Times
Global stock markets mostly retreated on Monday as investors took profits ahead of several important economic events this week including interest rate decisions and key US data.
Will VAT Cut Make Us Spend More
Ananova
Customers should find goods now cost less after shops and businesses across the UK cut their VAT rates from 17.5% to 15%. Chancellor Alistair Darling announced the 2.5% reduction in his Pre-Budget...
Charities campaign to free their millions from Icelandic banks
Guardian
Naomi House children's hospice near Winchester has had to cut services after the banking collapse. Photograph: Zoe Klassnik/PA A group of charities with tens of millions of pounds frozen in a...
U.S. stock futures slump after gloomy global data
MarketWatch
U.S. stock futures pointed to an opening slump as December kicked off, as gloomy worldwide economic data took the wind out of last week's rally.
Huge Threat To Manufacturing Jobs
Ananova
Tens of thousands of jobs are set to be axed as the manufacturing sector faces its worst conditions for 20 years, new research suggests. A survey of more than 800 firms found that the industry is...
Spanish construction giant sells unit to Citigroup for €7.9 billion
International Herald Tribune
The Spanish construction company Sacyr Vallehermoso said Monday that it has agreed to sell its highway-operating unit, Itinere, to Citigroup in a deal valued at nearly €7.9 billion. The $10...
Wal-Mart Black Friday death could lead to NY law
Chicago Tribune
The new law was proposed in the wake of the death Friday of Jdimytai Damour, 34, of Jamaica, Queens, a seasonal employee who was killed after a crowd of 2,000 broke down store doors and ran over him....
Inergy Reports Record Fourth Quarter and Annual Results
CNBC
Inergy, L.P. (“Inergy”) reported Adjusted EBITDA of $239.0 million for the year ended 2008, an increase of $27.8 million, or approximately 13.2% from $211.2 million for the year...
Microsoft and Yahoo Dismiss Report of Search Deal
CIO
2008 — IDG News Service — Microsoft and Yahoo have dismissed a report that they're once again in discussions to sell Yahoo's online search business for $20...

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