Apr 05

China indexes rising- source- nytimes.com


From World Business Source : http://www.nytimes.com

World Business Excerpts from Newstweeters.com

Commentary: The Shanghai composite index and the Shenizen index both saw increases on Thursday. – excerpt below

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…. -The Shanghai composite index gained 1.7 percent on Thursday and the Shenzhen index rose 3.1 percent.- ….


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Apr 05

Many families could lose £511 from tax changes- source- news.sky.com


From World Business Source : http://news.sky.com

World Business Excerpts from Newstweeters.com

Commentary: Upwards of a million families could lose around £511 a year from modifications to taxes and benefits. – excerpt below

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…. -Up to a million families each stand to lose an average of £511 a year under tax and benefit changes, according to research.- ….


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Apr 05

Ireland’s Central Bank headed in right direction to meeting bailout goals- source- online.wsj.com


From World Business Source : http://online.wsj.com

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Commentary: Ireland’s central bank is on the right path to reaching it’s bailout goals and probably won’t need to increase taxes for the rest of the year. – excerpt below

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…. – Share With Friends: | | Business – Markets – World Markets Stories , News Feeds and News via Feedzilla. – ….


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Apr 05

Energy debt for Brits- source- news.sky.com


From World Business Source : http://news.sky.com

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Commentary: Brits owe around £478m in debt to energy companies which supply their households. – excerpt below

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…. -Almost four million British households are in debt to their energy suppliers, with consumers owing an estimated £478m to the companies, according to a new study.- ….


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Apr 03

Western hedge funds trying “activist tactics”- source- online.wsj.com


From World Business Source : http://online.wsj.com

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Commentary: Hedge funds are looking to try “activist tactics” as a result of not being treated good for not being mainstream investors. – excerpt below

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…. – Share With Friends: | | Business – Markets – World Markets News , News Feeds and News via Feedzilla. – ….


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Apr 03

China banks labeled as monopoly- source- reuters.com


From World Business Source : http://www.reuters.com

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Commentary: China’s big banks are being called a monopoly by China premier Wen Jiabao. Jiabao says that China banks are accruing money too simply. – excerpt below

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…. – Wall Street Journal China’s Wen urges breakup of bank monopoly as growth slows Reuters * Premier Wen says big banks make profits too easily * Break-up may unlock more…- ….


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Apr 03

Longstanding UK bike business could be taken over- source- news.sky.com


From World Business Source : http://www.dailymail.co.uk

World Business Excerpts from Newstweeters.com

Commentary: Bike brand Raleigh which has been in business for 125 years could b taken over by fellow bike maker Accell. – excerpt below

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…. -The company, which has designed classic bikes in the UK for 125 years, is in exclusive takeover talks with Accell, the maker of Batavus and Spartabikes.- ….


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Apr 03

Bad news for UK football fans- source- news.sky.com


From World Business Source : http://news.sky.com/skynews/Home/Business/One-In-Five-Football-Clubs-In-Financial-Trouble-Warns-Begbies-Traynor/Article/201204116201810?f=rss

World Business Excerpts from Newstweeters.com

Commentary: If you live in the UK and are a football fan, you might be disappointed to hear than one if five of your favorite English football clubs are in trouble financially. – excerpt below

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…. -One in five English Football League clubs is in “financial distress”, a new report has warned.- ….


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Apr 03

Good news for UK homeless- source- dailymail.co.uk


From World Business Source : http://www.dailymail.co.uk

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Commentary: Some homeless in the UK could be presented with job opportunities as Pret A Manger, a sandwich business, is looking to hire more homeless people. Pret A Manger wants to add a total of 550 new jobs. – excerpt below

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…. -Sandwich chain Pret A Manger is planning to add 550 extra jobs in the UK – including taking on more homeless people and school leavers as apprentices.- ….


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Apr 03

RBC Dexia aquired by Royal Bank of Canada- source- cbc.ca


From World Business Source : http://www.cbc.ca

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Commentary: The Royal Bank of Canada is buying up RBC Dexia for $1.1 billion. – excerpt below

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…. – The Royal Bank of Canada will pay $1.1 billion cash to buy remaining half of RBC Dexia, an advisor to pension fund managers and institutional investors. – ….


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Apr 03

Sunny outcome for automakers in March- source- cbc.ca


From World Business Source : http://www.cbc.ca

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Commentary: Detroit’s “Big Three” automakers saw strengthened sales in March that spanned across the U.S. and into Canada. – excerpt below

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…. – Despite persistently high gas prices, Detroit’s Big Three automakers report strong sales numbers in both the United States and Canada. – ….


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Apr 03

GeoSentric seeks liquidation- source- feeds.reuters.com


From World Business Source : http://feeds.reuters.com

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Commentary: Finnish company GeoSentric is looking to immediately liquidate its assets due to lack of financing. – excerpt below

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…. -HELSINKI, April 3 (Reuters) – Finnish location-based services firm GeoSentric said on Tuesday it would seek immediate disposal of all its assets after it failed to raise sufficient financing to… – ….


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Apr 03

Construction in UK sees upped business- source- news.sky.com


From World Business Source : http://news.sky.com

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Commentary: The construction business in the UK got a welcome increase as new orders were rate quicker than they have been in over four years. – excerpt below

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…. -Construction activity jumped to a 21-month high in March as new orders rose at their fastest rate in four-and-a-half years.- ….


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Mar 30

Research in Motion rethinks target group- source- news.sky.com


From World Business Source : http://news.sky.com

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Commentary: Blackberry company Research in Motion is going to make businesses its main target group after suffering a $125m quarterly loss. – excerpt below

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…. -Research in Motion, the struggling company behind BlackBerry phones, has announced plans to move its focus to business customers as it reported a quarterly loss of $125m (£79m).- ….


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Mar 30

Best Buy plans to lay off workers amid lacking sales- source- feeds.reuters.com


From World Business Source : http://feeds.reuters.com/~r/reuters/globalmarketsNews/~3/tJpnDtQYrso/us-bestbuy-idUSBRE82S0MP20120330

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Commentary: Best Buy did not get the sales it hoped to this quarter, so the company plans to cut fifty stores and lay off four hundred workers. – excerpt below

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…. -(Reuters) – Best Buy Co reported weaker-than-expected quarterly sales and said it would close 50 large U.S. stores and lay off another 400 employees, disappointing investors looking for even deeper… – ….


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Mar 30

Green company IPO low= high sales- source- feeds.reuters.com


From World Business Source : http://feeds.reuters.com

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Commentary: Enphase, a solar inverter business, decided to price it’s initial public offering low at $6 per share, and the share sales exceeded expectations. – excerpt below

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…. -(Reuters) – Solar inverter company Enphase Energy priced its initial public offering at $6 a share, the low end of its range, and sold more shares than it expected, an underwriter …- ….


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Mar 30

Canada will save a pretty penny by eliminating it- source- nytimes.com


From World Business Source : http://www.nytimes.com

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Commentary: Canada could save 11 million dollars a year if it eliminates the penny, which costs 1.6 cents to make. – excerpt below

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…. -Each penny costs the government 1.6 cents to produce and its elimination may save about 11 million Canadian dollars annually.- ….


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Mar 30

A good day for petrol sales- source- news.sky.com


From World Business Source : http://news.sky.com/skynews/Home/UK-News/Fuel-Strike-Sales-Of-Unleaded-Petrol-Rise-172-Amid-News-Talks-Are-Delayed/Article/201203416199150?f=rss

World Business Excerpts from Newstweeters.com

Commentary: Unleaded petrol had a good sales day on Thursday and was up 17%, fueled by talks of a fuel driver strike deal. – excerpt below

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…. -Sales of unleaded petrol were up 172% yesterday as talks to deal with a potential fuel driver strike get under way.- ….


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Mar 28

France, Germany not following fiscal rules caused debt problem, says Italy- source- cbc.ca


From World Business Source : http://www.cbc.ca

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Commentary: Italy is pointing its finger at France and Germany for the debt crisis as both countries did not follow fiscal rules, therefore setting a bad example for other countries to follow. – excerpt below

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…. – Italian PM Mario Monti says when the “father and mother” of the Eurozone ignore deficit targets, it sets a bad example for other member nations. – ….


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Mar 28

French talks lower oil prices- source- online.wsj.com


From World Business Source : http://online.wsj.com

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Commentary: France is discussing the release of oil reserves, which is causing oil prices to lower. Brent crude is now trading at $123.87, or $1.67 less a barrel. – excerpt below

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