Business and Finance News

U.S. stocks make solid gains
Afghanistan News.Net
Wall Street was in positive territory at the close Tuesday, boosted by lower oil and commodity prices.
G8 discussion centers on biofuel
Afghanistan News.Net
The biofuel policies of wealthy countries have been on the agenda at the G8 conference in Japan.
Scottish gold ready to be scooped
Afghanistan News.Net
The only remaining gold mine in Scotland is expected to reopen in the next few weeks.
Health insurers likely to receive fines
Afghanistan News.Net
Health insurance regulators are hoping to impose further fines on Anthem Blue Cross, which cancelled 1,770 patient policies last year.
Germany to attract skilled foreign labour
Afghanistan News.Net
Germany is about to begin a campaign to attract foreign labour.
Millionaires sprout up by the millions
Afghanistan News.Net
The world millionaires club has grown to ten million for the first time.
Coke chairman says he will carry torch
Afghanistan News.Net
Coca-Cola’s chairman has defended the firm's Olympic sponsorship in Beijing.
Singapore buys in to new Lockheed plane
Afghanistan News.Net
Singapore is the latest country to show interest in buying one hundred of Lockheed Martin’s F-35 Joint Strike Fighter aircraft.
Dubai in push to attract medical tourists
Afghanistan News.Net
Medical tourism is receiving a boost in the UAE which is expected to attract 11.2 million healthcare tourists by the year 2010.
US stocks jump as oil price falls
Afghanistan News.Net
US stock indices recorded their biggest jump in a month as oil prices fell sharply Tuesday and the Federal Reserve opened the door to extending emergency lending into 2009.
Ex-WSJ editor Brauchli now heads The Washington Post
Afghanistan News.Net
Washington, : Marcus Brauchli, who was shunted out by Rupert Murdoch three months ago as the editor of Wall Street Journal, has been appointed as the Executive Editor of The Washington Post.
Funds with one target often travel different paths
San Diego Union-Tribune
NEW YORK – Investors are often drawn to target-date mutual funds thinking that an investment run on autopilot is one less thing to worry about. But when the going gets bumpy, nonchalance can...
Stocks rise on decline in oil, Bernanke talk
San Diego Union-Tribune
Speeches by Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson and JPMorgan Chase & Co. Chief Executive Jamie Dimon gave the market some reassurance about the financial...
Microsoft to host
Beta News
When Microsoft announced in March it would be marketing its own hosting services for Exchange and SharePoint, some wondered how the company could successfully compete with itself? Today, it provided...
VMware shares plunge on CEO change, slowing growth
San Diego Union-Tribune
SAN FRANCISCO – VMware Inc. abruptly replaced co-founder Diane Greene as chief executive Tuesday and lowered its sales outlook, triggering alarms that pounded the business software maker's...
Fannie, Freddie stabilize after OFHEO comments
San Diego Union-Tribune
NEW YORK – Shares of mortgage financiers Fannie Mae and Freddie Mac stabilized Tuesday, a day after plunging over worries the pair might need billions of dollars in new capital if a new...
Sealy 2Q earnings drop as domestic sales fall
CNBC
All Associated Press news Mattress maker Sealy Corp. said Tuesday its second-quarter earnings dropped 26 percent as domestic sales volumes declined and material costs...
Resource Capital Corp. To Report Operating Results for Second...
CNBC
About Resource Capital Corp. is a commercial real estate specialty finance company that qualifies as a real estate investment trust, or REIT, for federal income tax purposes. Resource Capital...
FAA orders new MD-80 series safety inspections
San Diego Union-Tribune
ATLANTA – The Federal Aviation Administration is ordering U.S. airlines to conduct safety inspections to look for cracking on overwing frames on certain MD-80 series aircraft, a directive that...
Fed may extend Wall Street lending
Earth Times
Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank may keep an emergency lending facility for big Wall Street firms open...
Housing market slump seen stretching further
San Diego Union-Tribune
WASHINGTON – Signs are emerging that the U.S. housing market's long slump is likely to fester through the summer, and the real estate market may not recover for at least another year. The...
Alcoa kicks off earnings season with financial report
Market Watch
Shares of Alcoa Inc. climbed Tuesday evening after the aluminum giant posted better-than-expected quarterly results, kicking off the second-quarter earnings season on a...
Global investors bullish on India, says survey
Times Of India
Wealthy investors from Europe, the Gulf and Asia see India as the best investment opportunity in the world at the moment, a leading Luxembourg-based sharedealer has found. The survey of 800...

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