Business and Finance News

Google ordered to give access to YouTube
Germany News.Net
Google has been ordered to allow entertainment giant, Viacom, access to details of the video-watching habits of visitors the YouTube website.
Jobs go in big US downturn
Germany News.Net
US firms have made redundant 60,000 Americans over the past month.
Spending power lacking in UK economy
Germany News.Net
UK consumer spending power has fallen due to a large rise in the cost of living.
Concorde crash leads to court
Germany News.Net
An Air France Concorde aircraft which crashed in 2000, killing 113 people, is the subject of a court case in the US, for which people are to stand trial for manslaughter.
Regulators insist on safety measures for death park
Germany News.Net
US regulators in the US state of Georgia have said a popular amusement park will have to increase the size and number of warning signs near its roller coaster.
UAE buys more non-oil products from Saudis
Germany News.Net
The UAE leads other Gulf States in the import of non-oil products from Saudi Arabia.
Peru copper miners want slice of the action
Germany News.Net
Peru copper prices have soared since a nationwide mining strike began on Monday.
South Korean leader says protestors should stop
Germany News.Net
South Korean President Lee Myung-bak has warned his government will not tolerate further street protests against US meat imports.
European central bankers increase rates
Germany News.Net
The European Central Bank has raised interest rates by one quarter of a percent, from 4.00 to 4.25 percent.
UK builds two new aircraft carriers
Germany News.Net
Two new aircraft carriers will be built by the British Government at a cost of US$8 billion.
Stocks end mixed following jobs, services data
San Diego Union-Tribune
NEW YORK – Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on...
Oil price hits yet another record
BBC
The price of oil has continued to climb with US light, sweet crude reaching a record closing price and London Brent rising above $146 a barrel. Oil prices have risen significantly since the US...
French bank body fines SocGen $6 million over Kerviel
Reuters
France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro...
Iran optimism steadies oil price
BBC
The price of oil fell back on Friday, on hopes Iran would react positively to proposals to resolve a dispute over its nuclear development programme. However, prices stayed near the highs of more...
Uneven economic data has Wall Street trading in flux
Salt Lake Tribune
2:10 Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame...
UBS may post small loss for 2Q
Newsday
UBS AG , Switzerland's largest bank, said Friday it expects its second-quarter results to be "at or slightly below break-even" due to a tax credit that will offset investment losses and said it won't...
State crackdown nabs 28 on unemployment-benefits fraud
Newsday
A stepped-up statewide effort to crack down on unemployment-benefits fraud has ensnared 28 Long Islanders, who are accused of receiving a total of more than $205,000 in payments illegally. ...
retro styled, family sized
Newsday
From the people who brought you the Escape, the Edge and the Freestyle/Taurus X comes the Ford Flex, which either will prove that there's always room for one more sport utility vehicle in a Ford...
Microsoft and Yahoo still pursue deal
Earth Times
San Francisco - Yahoo is holding separate talks with the same business partners courted by Microsoft in its takeover bid of the company, the Wall Street Journal reported Thursday. The talks come amid...
Before Microsoft, Gates Solved A Pancake Problem
NPR
2008 · Before Bill Gates became a household name, he went to Harvard. His sophomore year, he was assigned a complicated mathematics problem, which — no surprise — he...
Exxon Mobil to book $1.6 bln gain on Germany sale
Market Watch
... said in a filing late Thursday it'll book third-quarter after-tax earnings of $1.6 billion on the sale of interests in a natural gas transport business in northern Germany. The transaction...
G-8 leaders face ominous economic woes this year
San Diego Union-Tribune
SAPPORO, Japan – Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of...

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