webmaster @ July 16, 2009 # No Comment Yet
By Rebecca Christie and Peter Cook
July 16 (Bloomberg) — Treasury Secretary Timothy Geithner said there are “durable” signs that financial markets are on the mend, while repeating that the U.S. must not withdraw its stimulus measures before an economic recovery is entrenched.
“We’re seeing durable signs of greater confidence” in markets, Geithner said in an [...]
webmaster @ July 6, 2009 # No Comment Yet
HP’s services company EDS wins five-year technology contract to manage desktops, voice and data networks
EDS Monday announced it had landed a five-year technology services deal to manage desktops, voice and data networks for American Express. The financial terms were undisclosed.
American Express signed the deal with EDS, an HP company, in December 2008 and reported [...]
webmaster @ January 15, 2009 # No Comment Yet
Posted by Declan McCullagh
House Democrats on Thursday revealed details of a massive legislative effort they said would inject new life into a flagging U.S. economy, thanks to a combination of $825 billion in tax cuts and new government spending.
The sprawling, 258-page draft bill includes $32 billion in electric power upgrades, sometimes known as "smart [...]
webmaster @ December 10, 2008 # No Comment Yet
BEIJING: China’s exports fell in November for the first time in seven years as global demand weakened, data showed on Wednesday, adding to pressure on Beijing to reverse a worsening economic slump and avert heavy job losses. The November trade surplus widened to a new monthly record of $40.1 billion as exports fell 2.2 per [...]
webmaster @ November 10, 2008 # No Comment Yet
NEW YORK (CNNMoney.com) — Circuit City Stores Inc., the No. 2 electronics seller after Best Buy, filed for bankruptcy protection Monday, thus becoming the latest retailer hurt by a worsening economic downturn.
According to the company’s Chapter 11 filing with the U.S. bankruptcy court in Richmond, Va., Circuit City (CC, Fortune 500), which currently has 566 [...]
webmaster @ November 6, 2008 # No Comment Yet
NEW YORK, Nov 6 (Reuters) – Craigslist, the popular Internet classifieds listing service, agreed on Thursday to crack down on advertisements posted by prostitutes in a pact struck with 40 U.S. states.
The listings site has been under pressure to screen out cyber advertisements that offer sexual services. These listings have given prostitutes easy access to [...]
webmaster @ October 29, 2008 # No Comment Yet
Delta Air Lines swallowed rival Northwest Airlines Inc on Wednesday in a $2.6 billion merger that created the world’s biggest airline and prompted new speculation about further industry consolidation.
The all-stock transaction, the first domestic airline combination in three years, closed after clearing its biggest and last regulatory hurdle earlier in the day — U.S. Justice [...]
webmaster @ October 28, 2008 # No Comment Yet
October 28, 2008: 09:57 AM EST
LOS ANGELES -(Dow Jones)- Microsoft’s newly announced "cloud computing" platform, Windows Azure, will be profitable for the company, the executive who runs its server business said Monday.
"We will wind up having a business model that we think will be profitable," Bob Muglia said, although he added that building out the [...]
webmaster @ October 22, 2008 # No Comment Yet
Crude Oil Falls as Waning Demand Outweighs Prospect of OPEC Cut
Oct. 22 (Bloomberg) — Crude oil fell for a second day as weakening fuel demand outweighed prospects of a production cut by OPEC at a meeting this week.
U.S. gasoline demand has declined for the past six months and China’s economy has slowed amid [...]
webmaster @ October 20, 2008 # No Comment Yet
Fed chief says lawmakers should consider another plan to boost economy. He cites risk of ‘protracted slowdown.’
NEW YORK (CNNMoney.com) — Federal Reserve Chairman Ben Bernanke testified Monday that Congress should consider passing a new stimulus package to try to jump start the economy.
Bernanke, speaking before the House Budget Committee, came just short of an outright [...]