Business and Finance News

Dow falls more than 400 points for second day in row
San Diego News.Net
The Dow Jones industrials finished more than 400 points lower Thursday, after a similar fall on Wednesday.
US Congress delays car bailout plan
San Diego News.Net
Democrats in the US Congress have been unable to secure the numbers to get auto-industry bailout legislation through Congress.
Canada court rejects airline fee for obese passengers
San Diego News.Net
The Supreme Court in Canada has upheld a ruling that obese and disabled people will be able to have two seats for the price of one on domestic flights.
Colgate-Palmolive riots flare in Nepal
San Diego News.Net
There has been a massive upheaval at the factory of Colgate Palmolive in Nepal, with the company announcing the sale of the company after 20 years of operations.
Travel agents want a return to commission structure
San Diego News.Net
Travel agents associations in India have called on air operators to withdraw the transaction fee system they introduced on to reinstate the earlier five percent travel agents commission.
Michael Jackson to appear in London court
San Diego News.Net
Pop legend Michael Jackson will give evidence in person at London's High Court to defend allegations that he owes $7 million to an Arab sheikh.
African country becomes recipient of US funds
San Diego News.Net
The government in Ghana has put aside funds for development projects, such as the rebuilding of schools and other buildings destroyed by floods.
UK government ready to take Royal Bank of Scotland shares
San Diego News.Net
Royal Bank of Scotland shareholders are due to vote on whether to accept a £20bn government bail-out.
Best US used cars prices revealed
San Diego News.Net
An annual projection of US used car prices has shown Honda and Toyota cars have best resale value.
Alitalia set for transfer to new owner
San Diego News.Net
The Italian airline, Alitalia, still needs to satisfy the government before the sale to an Italian business group can be completed.
Dutch bar owners want smoking ban lifted
San Diego News.Net
Cafe and bar owners in the Dutch town of Tilburg have announced plans to identify smoking inspectors on the Internet.
Mark Robinson appointed CEO of Citi South Asia
San Diego News.Net
Mumbai /Hong Kong, (ANI/ Business Wire India): Mark Robinson has been appointed Chief Executive Officer of Citi South Asia. Based in Mumbai, he will lead Citi's significant banking franchise in India, Sri Lanka and Bangladesh, and also join the Asia Pacific Executive Committee. Robinson succeeds Sanjay Nayar, who is leaving the firm to pursue other opportunities.
Asian markets resume slide amid mounting US financial woes
San Diego News.Net
Asian stock markets took heavy losses Thursday, reflecting widespread gloom about US economic troubles and another bad day on Wall Street.
Meditation and yoga prescribed for Wall Street brokers
San Diego News.Net
The constant fluctuations on Wall Street can grate on even the toughest businessman's or businesswoman's nerves.
Late dive leaves Dow down 445 points
Star Tribune
NEW YORK — Stocks plunged for a second straight day Thursday, falling to levels not seen in at least five years as financial and energy stocks tumbled while demand for the safety of government...
Washington Post shares fall as unit chairman steps down
MarketWatch
Washington Post Co. shares lost ground Thursday after the chairman and chief executive of the company's Kaplan Inc. education division announced his resignation late Wednesday.
Sharp slide after Wall St plunge
New Zealand Herald
Bush seeking friends in last Apec summit The New Zealand sharemarket was down sharply in early trading, after equities plunged in the United States as the price of oil fell and worries about the...
Why Democrats gave Big Three a reprieve
MSNBC
Nov. 20: Senate Majority Leader Harry Reid has strong words for Big Three auto industry executives Thursday after he asked them to present plans detailing how the firms could be viable in the future.
Microsoft confirms Yahoo hire
CNet
Microsoft confirmed Thursday that it has indeed hired Yahoo search executive Sean Suchter, following speculation this week that he would be joining the software maker...
Stores may see bleak Black Friday sales
MSNBC
In this year's deteriorating economy, stores from luxury retailers to consumer electronics chains, pressed the panic button — slashing prices up to 60 percent on even new merchandise.
Activists say tobacco settlement is being wasted
Seattle Post-Intelligencer
AND JULIE CARR SMYTHASSOCIATED PRESS WRITERS In 2006, Alaska desperately needed cash to complete a museum featuring a mummified bison and other natural wonders of the frozen...
Democrats demand Big 3 offer survival plan
Reuters
Democratic congressional leaders seeking to salvage a bailout of the Big Three automakers demanded car executives provide a business survival plan on Thursday in exchange for...
Fannie Mae, Freddie Mac halting foreclosures
Newsday
Freddie Mac are suspending foreclosures during the holiday season. The two companies say they will halt foreclosure sales between Nov. 26 and Jan. 9, while they evaluate whether borrowers qualify...

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