Business and Finance News

Wall Street notches up solid gains
The London News.Net
Data showing the U.S. economy was bouncing back helped lift stocks on Wall Street Thursday.
US economy grows through feared recession
The London News.Net
The US economy grew at 3.3 percent in the second quarter of 2008, the government said Thursday in revised figures that showed strong international trade had helped stave off a feared recession.
Credit agency says India is stable
The London News.Net
Japan Credit Rating Agency Ltd has left unchanged its BBB+ ratings for India, reflecting a stable outlook on the country's foreign and local currency long-term senior debts.
High phone bills cause concern in Europe
The London News.Net
The European Commission has found some European mobile phone operators have been rounding up call durations, leaving customers with higher bills.
Airbus in A380 size revamp
The London News.Net
Airbus is considering an extended 1,000 passenger version of the A380 aircraft.
20 oil basins discovered in Indonesia
The London News.Net
At least 20 new basins of oil and gas have been found in eastern Indonesia.
Australian banks reduce interest rates
The London News.Net
Australia's big four banks have dropped their fixed interest rates as the pressure on funding costs ease.
Religious holy month brings roster changes
The London News.Net
Bahraini authorities have issued a new order specifying the working hours at government offices and other establishments during the Islamic holy month of Ramadan.
Microsoft browser features new privacy mode
The London News.Net
The latest version of Microsoft's Internet browser includes a piece of software that allows users to surf the Web without leaving a trace.
Pop singer sued over film loan
The London News.Net
Pop superstar Madonna has been sued by financier Jay Dykes Jr. who alleges that she has failed to repay a loan of over $400,000 that she took to make a movie in 2006.
Microsoft unveils Internet Explorer 8, its response to Firefox
The London News.Net
Microsoft has unveiled a trial version of a new Internet Explorer designed to fight the growing challenge from Firefox.
Budget airline Zoom grounds flights, blaming fuel price rises
Guardian
Screenshot of the customer announcement on Zoom Airlines' website The low-fare transatlantic airline Zoom last night cancelled all flights and left hundreds of passengers stranded after it was...
No turning back on IE 8, warns Microsoft
Infomatics
Microsoft is warning users of a potential issue in its upcoming Internet Explorer 8 web browser release that makes it impossible to revert to an older version. The company said in...
Weak dollar is a tonic
Guardian
Fears that the US is falling into recession receded yesterday when second-quarter growth for the world's largest economy was revised to a higher rate than previously recorded.Government data showed...
Bid talk sets off Sainsbury
Guardian
Shares in Sainsbury's shot up nearly 8% yesterday amid rumours that a bid for the supermarket group was in the offing.The shares closed up 25.25p to 344p, thanks to a mid-afternoon surge as traders...
Nikon snaps patent deal with Microsoft
Infomatics
Camera company Nikon has become the latest to sign a cross-licensing deal with Microsoft. The two parties did not disclose specifics of the deal, but Microsoft said that it will be receiving...
Two more firms join flight from UK tax
Guardian
Asset management firm Henderson and engineering group Charter have followed other companies in announcing plans to relocate to Ireland for tax reasons, rekindling fears of a mass outflow of British...
European stocks close higher
News.com.au
EUROPEAN stock markets closed with solid gains overnight after much better-than-expected US growth figures bolstered hopes the US economy could finally be stabilising after months of turmoil.
Marvell beats Street but posts weak outlook
Reuters
Stock Buzz ) gave a conservative outlook for the third quarter, sending shares lower, even after it posted better-than-expected profit helped by increased sales in the wireless and storage sectors.
Microsoft introduces black screens for pirates
Infomatics
Microsoft is updating its Windows Genuine Advantage software to make life more unpleasant for those using pirated code. The changes to the software include replacing the wallpaper on the...
Diageo insists drink sales will stay strong despite hiccups in west European market
Guardian
Diageo, the world's biggest alcoholic drinks group, warned yesterday that slowing economies around the globe - particularly in Britain, Ireland and Spain - would drag down operating profits until...
Industry Groups Sue Over Polar Bear Rule
CBS News
AP) Five industry groups have sued the Interior Department over a rule to protect the polar bear that they say unfairly singles out business operations in Alaska for their contribution to global...
Premier Foods pushes through price increases to cover rising commodity costs
Guardian
Corn field and blue sky. Photograph: Anthony-Masterson/Getty Images Premier Foods, the owner of some of Britain's best known grocery brands including Hovis and Oxo, said today it had pushed through...

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