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Archive for 'business'

Bond king says budget pain isn’t enough in Europe

May 10, 2012

The struggling countries of Europe have cut spending for two years in hopes of averting financial catastrophe and persuading bond investors to buy their debt.
But the world’s most influential bond investor thinks it won’t work.
Bill Gross, manager of Pimco’s $252 billion Total Return Fund, the largest mutual fund, says that countries can’t simply cut their […]

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Australia, business - Comments closed

US employers posted 3.74 million March jobs

May 8, 2012

U.S. companies in March posted the highest number of job openings in nearly four years, a sign that hiring could strengthen in the coming months after slowing this spring.
The Labor Department says employers advertised 3.74 million job openings in March. That’s up from a revised 3.57 million in February. The March figure was the highest […]

business, economics - Comments closed

Turkmens plan trans-Afghan gas sale deal in May

May 5, 2012

Senior officials in Turkmenistan say the energy-rich Central Asian nation plans to sign a natural gas sales agreement with Afghanistan, Pakistan and India later this month.
The deal would mark a decisive move toward construction of a landmark pipeline crossing the four nations that backers hope will meet energy demands across the region.
Two high-ranking officials, who […]

business, stocks - Comments closed

This time it’s different

March 19, 2012

Call it spring fever. For the third year in a row, optimism is spreading that growth in the United States could be poised to accelerate and drive the economy into sunnier pastures.
Claims for first-time jobless benefits dipped to a four-year low last week as layoffs slow. Factory output is steadily expanding. Retail sales have […]

business, finance - Comments closed

Stocks slightly higher; Dow goes for 7 in a row

March 15, 2012

Stocks recorded small gains Thursday after a pair of positive economic reports. The Dow Jones industrial average tried to extend its longest winning streak in a year.
Just after 10:30 a.m. EDT, the Dow was up 17 points at 13,210. The Standard & Poor’s 500 index was up four at 1,398. The Nasdaq composite average was […]

business, money - Comments closed

Product recalls

March 14, 2012

The following recall has been announced:
PLAY THEATER TOYS
DETAILS: Four-in-one dramatic play theater toys imported by Guidecraft Inc., of Winthrop, Minn., and manufactured by Mega Profit Trading Ltd., of China. The toys were sold at various catalogs, Guidecraft.com and other Internet retailers nationwide from July 2010 through April 2011.
WHY: The toy theaters can unexpectedly tip over […]

business, stocks - Comments closed

BP shares rise on Gulf settlement news

March 6, 2012

Shares in BP PLC have hit their highest level in over a year in the wake of the oil company’s announcement that it had reached a settlement with victims of the massive Gulf of Mexico oil spill.
BP shares were up 1.6 percent at 504.4 pence in midday trading in London Monday. The company’s share price […]

business, lenders - Comments closed

Gauging oil stocks tricky

March 4, 2012

Gasoline prices are soaring again, leading to predictions of a gallon reaching $4.25 by late April. As you ponder this while you’re filling up at the pump, you might be tempted to ask: If only I’d invested in oil company stocks a few months ago.
It’s natural to expect that rising oil prices would drive oil […]

business, mortgage - Comments closed

EU predicts mild recession in eurozone this year

February 23, 2012

BRUSSELS

business, marketing - Comments closed

HK protesters demand D&G apologize for photo ban

January 15, 2012

People infuriated by what they call a discriminatory ban on photography by one of Italian fashion label Dolce & Gabbana’s Hong Kong outlets have protested outside the store.
Several dozen people gathered outside the shop Sunday afternoon. They yelled for the company to apologize after news reports earlier this month said sales staff were preventing Hong […]

business, money - Comments closed