Business and Finance News
 Fund-poor schools close in Missouri
Zambia News.Net
In the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat financially.
Forbes says Gates no longer the world's richest
Zambia News.Net
Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 per cent over the last year.
Letter War Waged Over Bid For Medafor
Star Tribune
The latest volley in the takeover battle for Brooklyn Park-based medical start-up Medafor Inc. is a blunt letter from the jilted suitor, CryoLife Inc. The letter, to shareholders of Medafor and inclu...
Gmac Chief To Get No Cash Salary This Year
Star Tribune
GMAC chief to get no cash salary this year The CEO of bailed-out auto finance giant GMAC Inc. will receive no cash salary for 2010 and will be compensated in restricted stock, under a deal approved b...
Report Parcels Out Blame For Lehman's Collapse
Star Tribune
NEW YORK - It is the Wall Street equivalent of a coroner's report -- a 2,200-page document that lays out, in new and startling detail, how Lehman Brothers used accounting sleight of hand to conceal th...
Lenovo Says Business Will Focus On Mobile Internet
Seattle Post-Intelligencer
FILE - In this file photo taken Thursday May 25, 2006, a Chinese model uses a mobile phone to control a robot made by Chinese computer maker Lenovo at a high-tech exhibition in Beijing, China. Lenovo ...
Now Is A Good Time To Buy Stocks
MarketWatch
LOS ANGELES (MarketWatch) -- Historically, on average there have been two particularly auspicious times to buy stock each year. Right now is one of those times. We are very bullish on shares, and...
Thai Protesters Mass In Largest Challenge To Abhisit
Business Week
March 12 (Bloomberg) -- Thai protesters began massing in Bangkok in their biggest challenge to Prime Minister Abhisit Vejjajiva’s 15-month-old government, risking clashes that may hamper the eco...
Boj May Cushion Balance-sheet Contraction Next Week
Business Week
March 12 (Bloomberg) -- Japan’s central bank may seek next week to counter a contraction of its balance sheet caused by the month-end expiration of an emergency-credit program as deflation persi...
Toyota Discounts Boost Sales
Reuters
DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
Boutique Boom Fading As Wall St Banks Expand
Business Standard
The window of opportunity is closing for boutique bond trading firms to make a killing from market turmoil as big Wall Street banks regain their footing and rehire staff.
Video: Banning Certain Earmarks
CBS News
Following a series of recent scandals for the Democratic Party, Nancy Cordes reports Congressional leaders are aiming for ethical reform by banning earmarks for private companies.
Report: Obama To Tap Yellen To Be Fed Vice Chair
ABCNews
President Barack Obama speaks at the Export-Import Bank's Annual Conference in Washington, Thursday, March 11, 2010. (AP Photo/Charles Dharapak) (AP) President Barack Obama is planning to nominate Ja...
Gm's Lutz Says Hybrids, Electrics Are Future
ABCNews
WARREN, Mich. — General Motors Co. will keep making big trucks and SUVs because U.S. buyers demand them, but a major portion of them will be gas-electric hybrids in the near future, retiring Vic...
Asian Stocks Mixed After S&p Index Clears Hurdle
Breitbart
NEW YORK (AP) - Asian stock markets were mixed in early trading Friday after the Standard & Poor's 500 index closed at a 17-month high with investors worried about inflationary pressures in China. ...
Asian Stocks Mixed After S&p Index Clears Hurdle
Sign on San Diego
NEW YORK Asian stock markets were mixed in early trading Friday after the Standard & Poor's 500 index closed at a 17-month high with investors worried about inflationary pressures in China. ...
Feds: Denny Hecker Fraud Goes Back Years
Star Tribune
Federal authorities are investigating the business dealings of Denny Hecker stretching as far back as a decade, according to affidavits unsealed this week. The FBI affidavits, which relate to searche...
Malaysia’s Anwar Targets Ruling Party Stronghold
Business Week
(Adds consultant’s comment in sixth paragraph.) By Ranjeetha Pakiam March 12 (Bloomberg) -- Malaysia’s opposition leader Anwar Ibrahim said he is targeting the ruling party stronghold of ...
Greece's Weakness Is Its Strength
Business Week
If you want to learn how to dig yourself out of a deep hole, watch Greek Prime Minister George Papandreou. The 57-year-old socialist is urgently seeking some kind of financial backstop from other Euro...
Air China Shares Higher After Fundraising Plans
Fox Business
HONG KONG -- Air China Ltd.'s shares in Hong Kong were up as much as 13% in resumed mid-morning trade Friday after the Chinese carrier announced fundraising plans involving the private placement of l...
Hong Kong Shares Drop On Policy Tightening Fears
Fox Business
HONG KONG -- Hong Kong shares declined early Friday as concerns that Beijing may tighten monetary policy pressured Chinese banking and property stocks, though Air China Ltd. soared after its shares r...
Video Game Sales Fall Again In February
Fox Business
Video-game sales declined again in February, as some of the month's new releases performed relatively weakly. Sales of game software declined by 15% for the month to $624.4 million compared to the sa...
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