Business and Finance News
- Dow falls more than 400 points for second day in row
Honolulu News.Net
The Dow Jones industrials finished more than 400 points lower Thursday, after a similar fall on Wednesday.
- Michael Jackson to appear in London court
Honolulu 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
Honolulu 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
Honolulu 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
Honolulu 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
Honolulu 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
Honolulu News.Net
Cafe and bar owners in the Dutch town of Tilburg have announced plans to identify smoking inspectors on the Internet.
- Auto executives blasted over private jet use
Honolulu News.Net
A private citizens group in the US has objected to the use of luxury jets, which flew US auto executives to Washington.
- Federal Reserve looks at interest rates
Honolulu News.Net
The US Federal Reserve has said the US will face the likelihood of significant weakness in the economy, and has suggested additional policy easing in interest rates could well be appropriate.
- US mortgage applications on the slide
Honolulu News.Net
Applications for US mortgages have gone down by volume, to a seasonally adjusted 6.2 percent.
- Boeing announces more job cuts
Honolulu News.Net
Boeing has announced it will cut about 800 jobs from its defence unit in Wichita, Kansas.
- Mark Robinson appointed CEO of Citi South Asia
Honolulu 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
Honolulu 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
Honolulu News.Net
The constant fluctuations on Wall Street can grate on even the toughest businessman's or businesswoman's nerves.
- Dow falls to five-year low
Honolulu News.Net
US stocks slid more than 5 percent Wednesday, taking the Dow Jones Industrial Average below the 8,000 mark for the first time in five years, amid gloomy financial news and fear for US automakers.
- Microsoft rules out new takeover bid for Yahoo
Honolulu News.Net
Microsoft CEO Steve Ballmer Wednesday ruled out a new takeover bid for troubled web portal Yahoo, but stressed that the software giant was still interested in partnering with Yahoo on search-related products.
- Wal-Mart gives credit to boost MLK Memorial effort
Miami Herald
Wal-Mart's charitable arm announced a $12.5 million letter of credit Thursday for the planned Martin Luther King Jr. Memorial on the National Mall to help start construction, though a...
- Insurers fall as market tests new lows
Guardian
Insurance companies are the latest businesses to feel the full force of investors' fears. After the banks went cap in hand to shareholders and the government for cash to rebuild their balance sheets...
- Saudi Prince To Raise Stake In Citigroup
Forbes
... couldn't get a break Thursday morning, even after Saudi Prince Alwaleed bin Talal gave the bank a vote of confidence. Before the bell, Alwaleed, Citigroup's largest individual investor, announced...
- VW Jetta TDI named
MSNBC
Volkswagen Group of America Chief Executive Stefan Jacoby says the Jetta TDI, which the government estimates gets 41 miles per gallon (5.7 liters per 100 kilometers), offers comfort and fuel...
- Five percent of Citigroup isn
Market Watch
But times have changed. The man Time Magazine has called the Arabian Warren Buffett has watched his stake in Citigroup shrink. He now holds less than 4% after dilutive capital injections from several...
- Wal-Mart To Buy Wind Power From Duke Energy For Texas Stores
Morning Star
... that is expected to begin producing electricity for the big-box retailer by April. Wind power is intermittent but isn't volatile. That is, electricity generated by wind farms is generally sold at...
- Late rally relieves disastrous day
New Zealand Herald
Wall Street clawed back from multiyear lows this morning (NZ time) after hopes of a deal to rescue US automakers were revived, offsetting growing concerns about the deepening economic downturn.A...
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