Business and Finance News
- Nigerian president warns that oil developers will flee
Dubai News.Net
President Umaru Musa Yar'Adua of Nigeria has visited the town of Yenagoa in the Niger Delta region.
- New man at the helm of Fiat
Dubai News.Net
In Italy, it has been announced that John Elkann will become the new head of Fiat, at the age of 32.
- Real estate plan for new Abu Dhabi stock exchange
Dubai News.Net
A new multi-billion dirham real estate development has been announced for Sowwah Island in Abu Dhabi.
- Egyptian finance companies consumed by Global
Dubai News.Net
Cairo based companies, Egypt Capital Trust and Misr International Securities have been taken over by leading international investment firm Global Investment House.
- British Airways on the lookout for new blood
Dubai News.Net
British Airways has ignited fresh speculation over the continuing role of Willie Walsh, the airline's chief executive.
- Venezuela and China in new oil venture
Dubai News.Net
Venezuela and China have signed deals for a joint venture to produce oil in Venezuela's Orinoco area to supply a new 400,000-barrel-a-day refinery that will be built in China.
- Overseas funds help build Qatar desalination plant
Dubai News.Net
Gas-rich Qatar has signed deals to build a US$3.8 billion-dollar desalination and power plant.
- Australian budget will penalise the rich
Dubai News.Net
Australia’s Federal Budget, which will be handed down on Tuesday, will include higher taxes for luxury cars.
- Wall Street rallies as oil prices fall, dollar gains
The Seattle Times
NEW YORK — Wall Street rallied today as oil prices, supported by a stronger dollar, fell back and alleviated some of investors' concerns about accelerating inflation. The Dow Jones industrials...
- Microsoft exec Raikes brings software savvy to Gates Foundation
The Seattle Times
Microsoft executive Jeff Raikes (rakes) says he'll bring the same energy and passion to his new job as CEO of the non-profit Gates Foundation. The world's largest foundation announced today that...
- Keller Williams Realty sets sights on LI market
Newsday
At Keller Williams Realty Greater Nassau, agents walk around uttering "DOFI," "share the light" and other company lingo with more than a tinge of personal coaching or hippie-era harmony. The agency...
- Hewlett-Packard, Electronic Data Near Merger
CFO
2008 Hewlett-Packard and Electronic Data Systems confirmed rumors that gripped the markets Monday afternoon that they are in advanced discussions about a possible business combination. Both...
- Oil price resumes its record run
BBC
... a barrel in New York, before falling back...
- Use of wind energy expected to grow dramatically
San Diego Union-Tribune
WASHINGTON – Two decades from now Americans could get as much electricity from windmills as from nuclear power plants, according to a government report that lays out a possible plan for wind...
- Mortgage cos. reveal damage from housing crisis
Seattle Post-Intelligencer
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also...
- Bonds up as investors await week
The Seattle Times
Treasury prices rose Monday as fixed-income investors secured positions before a number of key economic reports to be released in the coming days. With little in the way of economic news during the...
- Microsoft launches video on Messenger
Reuters
Microsoft Corp has launched a new online service in 20 countries which will allow users to watch video clips at the same time as a network of friends and chat via Windows Live...
- Tesco steps up war of words with
The Independent
Attempts by The Guardian to apologise in its libel battle with Tesco have backfired, with the supermarket's lawyers branding follow-up articles on the company's tax structures as "false, misleading...
- PC World Editor to Step Down, Start Own Venture
Wired News
... has been around for 25 years and it's got a great brand," McCracken continued. "This is about challenging myself, starting with a new brand." The new site will feature product...
- I Want My .TV!
Wired News
... reported that, as a result of a bidding war, the Toronto company would pay Tuvalu a $50 million advance. Chapnik declined to discuss the terms of its agreement with Tuvalu, but said the government of...
- In tough times, what
San Diego Union-Tribune
Even wealthier customers are stocking up on bargain bottles, though they tend to purchase by the case. “Before, they wouldn't be caught dead with a $9.99 bottle in their presence,” she...
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