December 5, 2009
Time Warner Cable is shifting its charitable focus to kids and technology.
The company this week launched Connect a Million Minds (CAMM), a new education and awareness initiative designed to help address the country’s continuing decline in the areas of science, technology, engineering and math (STEM).
Aimed at inspiring a new generation of problem solvers, the company […]
management
- Comments closed
December 2, 2009
General Motors Co posted a 2.2 percent drop in U.S. sales in November from a year earlier, weighed down by brands it plans to divest or close, and said it would raise production in North America by about 75 percent in the first quarter.
Sales totaled 151,427 vehicles in November, down from 154,877 a year […]
money
- Comments closed
November 30, 2009
The United Arab Emirates offered banks emergency support on Sunday, the first steps to ease fears that a looming debt default by two of Dubai’s flagship firms could derail the global economic recovery.
But the move to inject liquidity into Dubai’s banks by the central bank of the Gulf Arab state, together with promises by […]
economics
- Comments closed
November 26, 2009
China’s automakers may dominate their home market, now the world’s largest, but the collapse of the sale of Saab to a Chinese-backed group shows it will be a bumpy ride for them to build a global profile.
Beijing Automotive Industry Holding Corp (BAIC) ranks 10th among China’s automakers, who are looking for a short cut […]
business
- Comments closed
November 20, 2009
Central banks should not respond to wild swings in food and energy prices with monetary policy unless expectations of inflation become unhinged, a senior U.S. Federal Reserve official said on Thursday.
Large commodity price moves can have a detrimental impact on emerging economies, but it is “generally a mistake” to use monetary policy as a […]
finance
- Comments closed
November 18, 2009
U.S. producer prices rose more slowly than expected in October despite a rebound in food and energy costs, according to a government report on Tuesday that pointed to tame inflation pressures.
The Labor Department said the seasonally adjusted index for prices paid at the farm and factory gate rose 0.3 percent following a 0.6 percent […]
business
- Comments closed
November 17, 2009
Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.
Investment in gold by central banks has picked up recently, with India […]
finance
- Comments closed
November 5, 2009
The top U.S. securities regulator on Wednesday called on Corporate America to upgrade its proxy voting practices to ensure shareholders a greater voice in governing the companies they own.
“It is imperative that our proxy voting process work,” Securities and Exchange Commission Chairman Mary Schapiro told the Practising Law Institute conference in New York.
“The failure […]
legal
- Comments closed
October 30, 2009
A year that started in gloom and doom could end in cheers for U.S. corporate profits and leave the stock market positioned for a strong start to 2010.
Analysts have been forecasting a big jump in fourth-quarter earnings compared to a year earlier when the entire Standard & Poor’s 500 index ended in a per-share […]
technology
- Comments closed
October 29, 2009
Honda Motor Co. nearly tripled its annual profit forecasts and more upside may be ahead, with the company taking a conservative view on the yen and with the effect of easing government incentives unknown.
Honda (HMC), the world’s seventh-biggest car maker, has weathered the industry turmoil that drove two U.S. automakers to bankruptcy this year […]
finance
- Comments closed