International conference on "The New Business Laws Of India" culminates into a grand debate
New Delhi | May 11, 2008 7:13:49 PM IST
New Delhi, May 11 (ANI/Business Wire India): The International Conference on "The New Business Laws of India" hosted by the International Indian Bar Association (IIBA) was organized in New Delhi on May 9-10.

 Housing crisis spiraling to people's stuff
Washington | May 11, 2008 12:01:13 AM IST
Many Americans who have lost their homes to foreclosure are seeing their belongings auctioned as well because they can't pay the storage costs, analysts say.

 ArcelorMittal steel group sells off US steel mill
Paris | May 11, 2008 1:19:53 PM IST
The world's largest steel group ArcelorMittal has said that it has finalised the 810 million dollars sale of a plant in the United States to Russian Steelmaker Severstal.

 Walkaway homeowners: Trend or myth?
Los Angeles | May 11, 2008 12:01:13 AM IST
U.S. lenders claim people who owe more on their homes than they are worth are simply abandoning them, walking away from high mortgage payments.

 Productivity increases when companies are facing closure
Washington | May 11, 2008 10:23:33 AM IST
When companies are facing closure, their productivity rises, says a leading economist.

 Ford may say goodbye to Mercury brand
Dearborn, Mich. | May 11, 2008 12:01:13 AM IST
Ford Motor Co. may soon retire its Mercury brand to focus its efforts on Ford and Lincoln brands, U.S. auto industry analysts say.

 British Energy sale attracts few offers
London | May 11, 2008 12:01:13 AM IST
A requirement that any firm that buys British Energy must sell one of the company's eight nuclear plants has impeded the utility's sale, analysts say.

 BAMS contract boosts Northrop Grumman
Century City, Calif. | May 11, 2008 12:01:13 AM IST
Northrop Grumman Corp.'s military contract to build a new robotic plane could be a boon for the company and Southern California, experts say.

 Judges affirms Louisville's dog law
Louisville, Ky. | May 11, 2008 12:01:13 AM IST
A judge in Kentucky has upheld the city of Louisville's dangerous-dog law, ruling that it was properly approved by the Metro Council Dec. 20.

 Consumers prepare for postage hike
Los Angeles | May 11, 2008 12:01:13 AM IST
U.S. consumers said they are doing their best to prepare for another budget strain as the postal rate hike approaches.

 Investment firm buys Sallie Mae stake
Washington | May 10, 2008 12:01:13 AM IST
Mutual fund manager Dodge & Cox has acquired a 10.5 percent stake in troubled student loan company Sallie Mae after the lender won relief from U.S. lawmakers.

 Office 2007 update available June 16
Redmond, Wash. | May 10, 2008 12:01:13 AM IST
Microsoft will roll out its Office 2007 Service Pack 1 via the Windows automatic update feature starting on or around June 16, company technicians say.

 BAA may hurry sale of Gatwick Airport
London | May 10, 2008 12:01:13 AM IST
The debt-laden owner of London's Heathrow and Gatwick airports may have to accelerate the planned sale of Gatwick to complete a refinancing effort.

 Beirut unrest hits local businesses
Beirut, Lebanon | May 10, 2008 12:01:13 AM IST
Lebanese business activity has ground to virtual halt thanks to the four days of violence that have swept through Beirut this week, local merchants say.

 GM Canada targeting labor costs
Toronto | May 10, 2008 12:01:13 AM IST
A showdown with unions is a certainty as General Motors of Canada sets out to slash $30 from each employees labor costs, officials on both sides indicated.

 Valet power strips recalled
Washington | May 10, 2008 12:01:13 AM IST
The U.S. Consumer Product Safety Commission announced a voluntary recall Friday of Charge-It-All Valets, power strips that pose a fire and shock hazard.

 New FDA inspection frees proposed
Washington | May 10, 2008 12:01:13 AM IST
U.S House of Representatives legislation proposing new fees for food, drug and cosmetic firms drew opposition Friday from a grocery association.

 Remittances drop in sagging economy
Mexico City | May 10, 2008 12:01:13 AM IST
Remittance money sent from migrants to families in Mexico has dropped steeply in 2008 on U.S. job losses and foreclosures, sources told The Washington Post.

 Air travel has slowed over the years
Washington | May 10, 2008 12:01:13 AM IST
The time it takes for planes to get from departure gate to arrival gate has increased over the past 20 years, industry analysts said.

 Port of Montreal seeks $2.5B expansion
Montreal | May 10, 2008 12:01:13 AM IST
The Port of Montreal announced it is seeking a $2.5 billion, 12-year expansion and modernization to triple container traffic flow and draw cruise ships,.

 U.S. markets mark early gains
New York | May 10, 2008 12:01:13 AM IST
U.S. markets bounded out of the gate on a positive note Friday with investors studying quarterly reports.

 South Korea reopens market to U.S. beef
Seoul | May 10, 2008 12:01:13 AM IST
South Korea has agreed to open its market to U.S. beef imports after a ban of more than four years, trade negotiators said Friday.

 Stocks soar on financial news
New York | May 10, 2008 12:01:13 AM IST
U.S. markets headed sharply up Friday on more news from financial concerns that investors said showed some light at the end of the write-down tunnel.

 Organic food market feels price pressures
New York | May 10, 2008 12:01:13 AM IST
Rising prices are putting the squeeze on both sides of the organic food market -- prices of items and production costs, various sources said.

 Brits must spend faster to break even
London | May 10, 2008 12:01:13 AM IST
Food prices in Britain are rising above double digits and at more than six times the rate of inflation, a newspaper survey indicated.

 Final rule issued on U.S. mine seals
Washington | May 10, 2008 12:01:13 AM IST
The Mine Safety and Health Administration issued a final rule Friday to enhance safety in U.S. mines with sealed-off abandoned areas.

 Crude prices have another record day
New York | May 10, 2008 12:01:13 AM IST
Crude oil prices made a record jump Friday on concerns of a sabotaged pipeline in Nigeria, that disrupted a relatively small output source.

 U.S. paychecks diminish in power and size
New York | May 10, 2008 12:01:13 AM IST
Shrinking jobs and less potent paychecks are cutting into consumer spending in the United State, economists say.

 Citigroup may cut 24,000 jobs
New York | May 10, 2008 12:01:13 AM IST
New York City's Citigroup was hit with billions in first quarter write-downs and could lay off 24,000 workers this year, sources close to the company said.

 Tube workers in London call for strike
London | May 10, 2008 12:01:13 AM IST
A union representing London Underground workers has called for a two-day strike to protest stalled contract talks, a union official said.

 U.S. markets close week with a big day
New York | May 10, 2008 12:01:13 AM IST
U.S. markets sailed into the wind Friday, heading up as Citigroup reported losses and was rumored to soon announce as many as 20,000 job cuts.

 Modest volume day Friday in grain trading
Chicago | May 10, 2008 12:01:13 AM IST
U.S. grain trading was mixed Friday during a modest volume day on the trading floor.

 Calif. jobless rate jumps to 6.2 percent
Sacramento | May 10, 2008 12:01:13 AM IST
California's unemployment rate jumped by .5 percent in March to 6.2 percent -- the highest it's been since July 2004 -- state officials said.

 Investors avoid healthcare, go for energy
New York | May 10, 2008 12:01:13 AM IST
With fears the United States is hobbling toward recession, venture capital first quarter investments were lowest since the first quarter of 2005, data shows.

 Bear Stearns' new hires get axed
New York | May 10, 2008 12:01:13 AM IST
Hundreds of new graduates who were offered jobs at Bear Stearns have seen the job offers rescinded, new-hires said.

 Former Siemens chairman tied to scandal
Berlin | May 10, 2008 12:01:13 AM IST
Former Siemens Chairman Heinrich von Pierer knew a great deal about the alleged bribes being paid by the German engineering group, one Siemens executive says.

 Bad quarter expected for National City
Cleveland | May 10, 2008 12:01:13 AM IST
Observers say they are anxiously awaiting an announcement about National City Corp.'s finances, but warn the news might not be good.

 Tentative deal averts transit strike
Toronto | May 10, 2008 12:01:13 AM IST
Negotiators announced Sunday they had reached tentative agreement on a new contract for Toronto Transit Commission operators and maintenance workers.

 Bank of England offers $100 billion swap
London | May 10, 2008 12:01:13 AM IST
The Bank of England, looking to shore up the country's banks, announced a $100 billion exchange of government bonds for mortgage-backed securities Monday.

 Gas and oil hit records Monday
New York | May 10, 2008 12:01:13 AM IST
Crude oil prices jumped to more than $117 a barrel Monday on the New York Mercantile Exchange, continuing a steep climb that began about a year ago.

 Virginia and Morocco shippers sign accord
Norfolk, Va. | May 10, 2008 12:01:13 AM IST
The Virginia Port Authority has signed an agreement with Moroccan authorities to increase ocean shipping between Norfolk and Tangier.

 Tobacco taxes are hit and miss
Washington | May 10, 2008 12:01:13 AM IST
The U.S. tobacco industry's lobbying efforts to keep cigarette taxes from rising has had mixed results in recent years, a New York Times report said.

 Court extends oil executive's prison time
Chita, Russia | May 10, 2008 12:01:13 AM IST
An East Siberian court has ordered former oil executive Mikhail Khodorkovsky to remain imprisoned, Novosti reported Monday.

 Rail service is back in vogue and booming
Washington | May 10, 2008 12:01:13 AM IST
The drift toward obscurity has shifted for U.S. railroads, which are enjoying a sudden surge in business, industry analysts said.

 Internet pricing may change to volume
Washington | May 10, 2008 12:01:13 AM IST
The quickly expanding use of the Internet is causing some companies to consider volume, rather than speed, in their billing, various sources said.

 U.S. markets start week sliding
New York | May 10, 2008 12:01:13 AM IST
Continued poor profit reports from financial concerns helped push stocks lower in U.S. markets early Monday.

 Canadian foreign holdings surge $6.1B
Ottawa | May 10, 2008 12:01:13 AM IST
Canadian acquisitions of foreign securities and foreign acquisition of Canadian stocks and bonds rose in February, Statistics Canada said Monday.

 U.S. stock indexes lower Monday
New York | May 10, 2008 12:01:13 AM IST
U.S. stock indexes trended down Monday after Bank of America's first-quarter report showed a 77 percent drop in income.

 Bank of America buffeted in first quarter
New York | May 10, 2008 12:01:13 AM IST
Bank of America's first-quarter report for 2008 showed it was not immune to the economic problems that have plagued U.S. financial companies recently.

 Strike may prompt panic buying in Britain
Stirlingshire, Scotland | May 10, 2008 12:01:13 AM IST
A two-day work stoppage scheduled in Scotland could be the catalyst for panic gasoline buying throughout Britain, various sources said.

 Ghana hosts United Nations conference
Accra, Ghana | May 10, 2008 12:01:13 AM IST
International leaders convened in Ghana's capital of Accra Monday for the United Nations Conference on Trade and Development.

 Teacher strike planned in Britain
London | May 10, 2008 12:01:13 AM IST
A one-day National Union of Teachers strike in Britain will close an estimated 1,000 schools across the country Thursday, organizers said.

 Paramount group plans new TV movie channel
Los Angeles | May 10, 2008 12:01:13 AM IST
Paramount Pictures announced a joint venture to create a premium cable television channel that officials of the company said will compete with HBO and Showtime.

 Pilots union employees picket their boss
Fort Worth, Texas | May 10, 2008 12:01:13 AM IST
Employees who work for a pilots union in Texas are picketing their employer because they don't have a contract, an employee representative said.

 Auto sales forecasts decline
Detroit | May 10, 2008 12:01:13 AM IST
Automobile industry analysts say they are reducing their sales estimates for 2008 in view of declines so far this year.

 Sony plans new role for PlayStation 3
Los Angeles | May 10, 2008 12:01:13 AM IST
Sony Corp. plans to unveil an online video service that would run through its blockbuster PlayStation 3, various sources said.

 Crude prices rise on supply concerns
New York | May 10, 2008 12:01:13 AM IST
Crude oil prices climbed to a yet another record Monday on the New York Mercantile Exchange on reports of supply disruptions in Nigeria and at sea.

 U.S. stock indexes mixed Monday
New York | May 10, 2008 12:01:13 AM IST
U.S. stock indexes were mixed at the close Monday, following last week's gains and Friday's big rally.

 Labor Department sues company over wages
Denver | May 10, 2008 12:01:13 AM IST
The U.S. Department of Labor said it filed a lawsuit Monday in order to recover more than a million dollars in overtime from Aggregate Industries, WRE Inc.

 EPA, industry agree on energy cut goal
Washington | May 10, 2008 12:01:13 AM IST
A major U.S. manufacturers group said Monday it has agreed to try to reduce energy use in the industrial sector by 10 percent or more.

 Grain export reports mixed Monday
Chicago | May 10, 2008 12:01:13 AM IST
U.S. grain export reports showed mixed results Monday, with corn below expectations, while wheat and soybeans exceeded theirs.

 Japan faces shrinking labor force
Tokyo | May 10, 2008 12:01:13 AM IST
Japan's twin problems of aging population and declining birth rate threaten to shrink its labor force by a third by 2050, officials said.

 Samsung chairman resigns
Seoul | May 10, 2008 12:01:13 AM IST
Lee Kun-hee, chairman of South Korean conglomerate Samsung Group who was indicted last week on tax evasion and breach of trust, resigned Tuesday.

 Thailand rice exports to continue
Bangkok | May 10, 2008 12:01:13 AM IST
Thailand won't move to ban rice exports to battle rising food costs, as other countries have done, government leaders said Monday.

 U.S. business leaders confident in India
New Delhi | May 10, 2008 12:01:13 AM IST
U.S. businesses leaders said they are confident that economic growth in India will continue, a survey released Monday by Ernst and Young indicated.

 Huge regional GDP surges seen in Canada
Ottawa | May 10, 2008 12:01:13 AM IST
Growth of gross domestic product exceeded Canada's national rate of 2.7 percent in all three territories and five of the 10 provinces in 2007, figures show.

 Wrigley board approves merger with Mars
Chicago | May 10, 2008 12:01:13 AM IST
Chicago chewing gum maker Wm. Wrigley Jr. Co. announced Monday it had agreed to a merger with Mars, Inc. for $23 billion.

 U.S. markets trade on tight ranges Monday
New York | May 10, 2008 12:01:13 AM IST
U.S. stock indexes moved in narrow ranges Monday as investors await the announcement of a Federal Reserve Bank fund rate decision this week.

 Poll: Heathcare and money troubles linked
Washington | May 10, 2008 12:01:13 AM IST
A Kaiser Family Foundation poll released Tuesday said many U.S. residents have suffered financial consequences due to healthcare costs.

 Grains pivot on supply and demand report
Chicago | May 10, 2008 12:01:13 AM IST
Grain trading on the Chicago Board of Trade pivoted on a supply and demand report issued by the U.S. Department of Agriculture Friday.

 Crude prices ease slightly Tuesday morning
New York | May 10, 2008 12:01:13 AM IST
Crude oil prices eased Tuesday morning to less than $118 a barrel although news of supply disruptions in Nigeria and Scotland continued.

 General Motors axes 970 in Canada
Oshawa, Ontario | May 10, 2008 12:01:13 AM IST
Almost 1,000 workers for General Motors of Canada will be laid off in September because of falling demand, the company announced.

 U.S. retail sales up slightly on the week
Washington | May 10, 2008 12:01:13 AM IST
Retail sales in the United States increased 0.9 percent for the week ended April 26, the International Council of Shopping Centers-USB reported Tuesday.

 Train strike in Moscow ends in a day
Moscow | May 10, 2008 12:01:13 AM IST
A one-day train drivers strike in Moscow stranded thousands of commuters but didn't deliver the desired results, a union representative said.

 Tips tight as economy slumps
Los Angeles | May 10, 2008 12:01:13 AM IST
As the economy slumps, service workers report that a largely untracked portion of the economy -- the custom of tipping -- has declined significantly.

 Truckers protest fuel prices in capital
Washington | May 10, 2008 12:01:13 AM IST
A truck drivers' Washington protest of fuel costs largely fizzled in the rain Monday but their horn-blowing was not unheard, various politicians said.

 Canadian manufacturing flat in 2007
Ottawa | May 10, 2008 12:01:13 AM IST
Canadian manufacturers posted a 0.4 percent increase in sales to $613.4 billion in 2007, Statistics Canada reported Tuesday.

 U.S. markets near holding pattern Tuesday
New York | May 10, 2008 12:01:13 AM IST
U.S. stock indexes stayed close to neutral Tuesday morning as the U.S. Federal Reserve Open Market Committee headed into a two-day session.

 U.S. markets slide on Friday
New York | May 10, 2008 12:01:13 AM IST
U.S. stock indexes slipped in early afternoon trading Friday, as oil prices pushed upward, triggering inflation worries.

 Judge OKs Dutch baggage handlers strike
Amsterdam, Netherlands | May 10, 2008 12:01:13 AM IST
A strike of baggage handlers at Schiphol Airport in the Netherlands would not jeopardize airport security, a judge in Amsterdam ruled.

 Deluxe Bottle and Food Warmers recalled
Washington | May 10, 2008 12:01:13 AM IST
The U.S. Consumer Product Safety Commission announced a voluntary recall Friday of Deluxe Bottle and Food Warmers due to fire hazard.

 Fingerhut pressure washers recalled
Washington | May 10, 2008 12:01:13 AM IST
The U.S. Consumer Product Safety Commission announced a voluntary recall Friday of Craft Pressure Washers due to fire hazard.

 Honda FourTrax Foreman ATVs recalled
Washington | May 10, 2008 12:01:13 AM IST
The U.S. Consumer Product Safety Commission announced a voluntary recall Friday of Honda Motor Co. all-terrain vehicles due to loss of steering control.

 Microsoft to appeal $1.38 billion fine
Redmond, Wash. | May 10, 2008 12:01:13 AM IST
Microsoft Corp. will appeal the $1.38 billion fine imposed by the European Commission in February, the company said Friday.

 Oil prices at more than $126 a barrel
New York | May 10, 2008 12:01:13 AM IST
Crude oil prices climbed to the end of trading on the New York Mercantile Exchange Friday, reaching a record $126.06 per barrel.

 Dreamliner delays may cost Boeing billions
Chicago | May 10, 2008 12:01:13 AM IST
Production delays on the 787 Dreamliner could cost Chicago's Boeing Co. billions in late fees, industry analysts said.

 Tracinda fishes for 20 million Ford shares
Dearborn, Mich. | May 10, 2008 12:01:13 AM IST
Billionaire Kirk Kerkorian announced a tender offer for 20 million shares of Dearborn, Mich., automaker Ford Motor Co. Friday, an official filing shows.

 U.S. markets stumble in 19th week
New York | May 10, 2008 12:01:13 AM IST
U.S. stock indexes chugged close to the break-even point for the year through 18 weeks, then stalled, the Dow index falling 2.4 percent through the 19th week.

 Poll: Retirement funding looks to change
Princeton, N.j. | May 10, 2008 12:01:13 AM IST
Current and future retirees in the United States have sharply contrasting expectations about how they will fund their retirement years, Gallup said Friday.

 King Khan launches first Reebok Knight Riders Store in Kolkata
Kolkata | May 10, 2008 11:39:31 PM IST
Kolkota, May 9 (ANI - Business Wire India): Reebok India on Friday created history of sorts by bringing sports and stardom together.