Hot finance topics

India’s Spice Group is ready to invest about 20 billion rupees ($408 million) in Satyam Computer Services and wants to buy a 51 percent stake in the fraud-scarred outsourcer, Spice Chairman B.K. Modi said.
“That is our desire,” Modi told Reuters on Friday. “We want the money to go inside the company. For that they […]

The World Trade Organization said China must destroy counterfeit software or movies that are confiscated by authorities and provide more legal protection to foreign products, in a ruling on a case brought by the U.S.
A WTO panel of judges yesterday sided with the U.S. in two of the three arguments in the complaint […]

Two old office buildings, the Arcade and Chemical at Eighth and Olive streets downtown, were in the early stages of transformation to luxury condos and apartments when the credit crisis slammed their doors shut.
While the Chemical Building’s owners say their project remains alive, one of the Arcade’s former owners said a renovation plan […]

The president of the United Auto Workers says a mid-February deadline for General Motors and Chrysler to complete their restructuring plans may be "almost unattainable."
The UAW ’s Ron Gettelfinger told reporters Monday in Washington that many people consider the timeline for the two companies to detail their reorganization plans to be "almost […]

Bank of America Corp., the largest U.S. bank by assets, received a $138 billion emergency lifeline from the government to support its acquisition of Merrill Lynch & Co. and prevent the global financial crisis from deepening.
The U.S. will invest $20 billion in Bank of America and guarantee $118 billion of assets “as part […]

A slump in China and a collapse in international asset prices pose a growing threat to the global economy, according to a World Economic Forum report.
In a review of 10 risks, growth of less than 6 percent in China and a plunge in financial markets were cited as bigger threats than a year […]

As President-elect Barack Obama continues to push for quick action on a large-scale economic stimulus program, top Democrats on Wednesday said Congress must pass the bill by mid-February.
At a meeting of The House Democratic Steering and Policy Committee, Speaker Nancy Pelosi, D-Calif., said Congress must set Presidents Day as a deadline to pass a […]

Stocks rallied Friday, with investors starting off a new year on the right foot, after an abysmal 2008, and the Dow closing above 9,000 for the first time since November.
The Dow Jones industrial average (INDU) rose 258 points, or 2.9%. It was the second-best start of the year on a point basis, according to […]