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Breaking Business News
Top Stories: Worries over Dubai's debt problems drove down Asian and European share markets prior to the weekend. Big News Network.com Fri, 27 Nov 2009 04:01:22 -0500UK pensioner associations have asked policy makers to implement measures to reduce deficits pension liabilities on company balance sheets. Big News Network.com Fri, 27 Nov 2009 05:04:14 -0500New Zealand has posted its lowest annual goods trade deficit for nearly seven years. Big News Network.com Fri, 27 Nov 2009 04:52:59 -0500Sony is attempting to pick up customers with new 3D technology after falling behind in flat-panel TV technology. Big News Network.com Fri, 27 Nov 2009 04:47:33 -0500Canadian industries have been looking after their workers with higher pay. Big News Network.com Fri, 27 Nov 2009 04:40:46 -0500The BBC has reported that the UK company owned by the ex-bosses of MG Rover has paid back some of the millions of pounds taken out of the car maker. Big News Network.com Fri, 27 Nov 2009 04:24:20 -0500UK Prime Minister Gordon Brown has said he will press Commonwealth leaders this weekend to support his plan to make banks pay for any future bailout. Big News Network.com Fri, 27 Nov 2009 04:14:58 -0500The Japanese yen touched 84 to the US dollar before the weekend, the US currency's lowest level since the mid-1990's. Big News Network.com Fri, 27 Nov 2009 04:08:07 -0500The Australian dollar fell to .9035 as the Australian All Ordinaries dived 2.50% on Friday. Big News Network.com Thu, 26 Nov 2009 18:52:25 -0500TORONTO ? The Supreme Court of Canada said Friday that Wal-Mart Stores Inc. was entitled to close a store in Quebec in 2005, seven months after workers voted to become the first Wal-Mart in Nort... Sign on San Diego Fri, 27 Nov 2009 12:23:15 -0500NEW YORK — Stocks tumbled Friday as fear swept world markets that financial trouble in the Middle Eastern city-state of Dubai will upend a global economic recovery. Major stock indexes fell abo... Star Tribune Fri, 27 Nov 2009 12:17:30 -0500The Federal Aviation Administration (FAA) on Thursday released the transcripts and audio recordings detailing the efforts made to reach the pilots of Northwest Airlines Flight 188, which dropped out o... Star Tribune Fri, 27 Nov 2009 12:17:28 -0500Oil prices dropped to near $74 a barrel Friday as Dubai's debt problems jolted world markets, raising concern about the prospects for global economic recovery. By early afternoon in Europe, benchmark... Star Tribune Fri, 27 Nov 2009 12:17:26 -0500NEW YORK (MarketWatch) -- Canadian stocks rose Friday, led by financial and mining companies, as investors bought stocks beaten down in the prior session when worries about a debt default in Dubai tri... MarketWatch Fri, 27 Nov 2009 12:11:53 -0500BOSTON (MarketWatch) -- The drug sector lost ground in lockstep with the broader stock market Friday amid investor concerns about an impending credit crisis in Dubai. The NYSE Arca Pharmaceutical... MarketWatch Fri, 27 Nov 2009 12:11:52 -0500SAN FRANCISCO (MarketWatch) -- Oil and natural-gas stocks pulled back in Friday's shortened trading session, following the broader market lower as crude prices dropped to their lowest level in seven w... MarketWatch Fri, 27 Nov 2009 12:11:48 -0500SAN FRANCISCO (MarketWatch) -- Technology stocks fell sharply Friday morning as new global credit fears sparked a broad wave of selling across the market in the abbreviated session following Thanksgiv... MarketWatch Fri, 27 Nov 2009 12:11:47 -0500Of Australia's 165,000 hectares of wine grapes, 40,000 hectares must be destroyed to clear cellars choked with wine cases. Photograph: Eric Futran/Jupiterimages Australian wineries are bulldozing an... Guardian Fri, 27 Nov 2009 12:08:16 -0500First Quench, which operates on the high street under the names Threshers, Wine Rack, The Local, Haddows, Bottoms Up and Victoria Wine, collapsed into administration on 29 October . At that time it ha... Guardian Fri, 27 Nov 2009 12:08:13 -0500Australia 's most prestigious wine producing regions north of Sydney, warns that extreme heat, frost and disease could devastate grapevines over the next 70 years.The study by Macquarie University,... Guardian Fri, 27 Nov 2009 12:08:11 -0500Dancing with the Stars: Kelly Osbourne and partner on the US show. Photograph: Adam Larkey/ABC via Getty Images Despite the economic downturn, British television shows continue to prove popular abro... Guardian Fri, 27 Nov 2009 12:08:09 -0500The recently introduced legislation will force internet service providers to become online police, obliging them to provide lists of offenders to copyright owners... Guardian Fri, 27 Nov 2009 12:08:07 -0500A toy store is stocking up on low-maintenance pets. Black Friday brings great gadgets at low prices, AND this year homeowners can find a deal at an online bank. And ski bums have a less-expensive way... Fox Business Fri, 27 Nov 2009 11:45:45 -0500FNFG ) announced Friday it has applied to convert to a bank-holding company status. At the same time, the thrift-holding company said it withdrew its application for approval of the Office of Thrift... Fox Business Fri, 27 Nov 2009 11:45:43 -0500FRANKFURT -- Mexico's central bank decided on Friday to keep its benchmark interest rate unchanged at 4.5%. The decision was in line with market expectations. Earlier this week, Mexico posted benign ... Fox Business Fri, 27 Nov 2009 11:45:41 -0500NEW YORK - This year's U.S. crude oil production is on track to show its biggest year-on-year jump since 1970, an analysis of historical data by Platts showed Friday. If the 5.268 million barrels a d... Fox Business Fri, 27 Nov 2009 11:45:39 -0500LONDON (Reuters) - De Beers, the world's largest diamond producer, expects banks to renew its $1.5 billion debt facility before it comes due in March next year, the firm said on Friday. Reuters Fri, 27 Nov 2009 11:44:49 -0500OTTAWA -- Canada's federal budget deficit grew by another $5-billion in September, leaving the shortfall for the first half of the 2009-10 fiscal year at $28.6-billion, data from the Department of Fin... Financial Post Fri, 27 Nov 2009 11:44:09 -0500Note: Higher FY earnings are expected on the back of solid subscription revenue growth and cost cutting. "Sage is likely to describe the market as challenging but with pockets of growth - the US pro... Morning Star Fri, 27 Nov 2009 11:16:57 -0500BBC Middle East business reporter, Dubai This time last year, Dubai was making headlines for entirely different reasons.It was the opening party of the Atlantis hotel, the star attraction of t... BBC Fri, 27 Nov 2009 11:16:02 -0500House prices in England and Wales continued rising in October, climbing by 0.6% according to the latest survey from the Land Registry.It was the fifth month in a row that prices had risen, the Land Re... BBC Fri, 27 Nov 2009 11:16:00 -0500Airbus says its long-delayed A400M military transport aircraft should make its first test flight during the week beginning 7 December.The European aerospace giant said the test flight would go ahead &... BBC Fri, 27 Nov 2009 11:15:59 -0500Shoppers crowded stores and malls in the wee hours Friday, some after spending the night waiting in line, to grab early morning deals and hard-to-find items. The nation's retailers expanded their hou... Star Tribune Fri, 27 Nov 2009 10:37:10 -0500SANTA CRUZ, Calif. - Headset maker Plantronics Inc. said Friday it will repurchase up to 1 million shares. Barbara Scherer, senior vice president and CFO, said Plantronics has repurchased more than ... Star Tribune Fri, 27 Nov 2009 10:37:08 -0500BISMARCK, N.D. - The head of the North Dakota Retail Association says he expects holiday sales in the state this year to be up 1 to 2 percent over last year, compared with a predicted 1 percent drop n... Star Tribune Fri, 27 Nov 2009 10:37:07 -0500Independent on Sunday , has secured shareholder backing to complete its restructuring plan.Investors voted in favour of all the resolutions put to them at two extraordinary general meetings in Dublin ... Guardian Fri, 27 Nov 2009 10:27:58 -0500CEO of ThyssenKrupp steel company Ekkehard Schulz, addresses the media during the annual balance news conference in Essen, western Germany, on Friday Nov.27, 2009. (AP Photo/Frank Augstein)... Seattle Post-Intelligencer Fri, 27 Nov 2009 10:18:50 -0500First Quench - which also trades as Wine Rack, The Local, Haddows, Bottoms Up and Victoria Wine - fell into administration in October after struggling in the recession. KPMG said 391 stores would clo... Sky News Fri, 27 Nov 2009 10:12:06 -0500Want to save money on gift card buying? Ask yourself some key questions, do a bit of homework and your extra effort can mean extra cash in your pocket. Americans spend about... Fox Business Fri, 27 Nov 2009 10:05:10 -0500Dear To Her Credit, Can a credit card company continue to charge you late fees, over-limit fees and maintenance fees after your account has been closed by the bank? I missed one payment with my... Fox Business Fri, 27 Nov 2009 10:05:09 -0500DUBAI/LONDON--Banks outside the Gulf played down their exposure to Dubai debt on Friday after fears of default shook global markets, and European leaders said the world economy was now strong enough ... Fox Business Fri, 27 Nov 2009 10:05:02 -0500NEW YORK - No. 1 U.S. electronics retailer Best Buy Co. said its Black Friday traffic is up so far as consumers purchased smart phones, flat panel televisions, laptops, netbooks and digital cameras. ... Fox Business Fri, 27 Nov 2009 10:05:00 -0500ING ) may wish it chose a different day to raise cash as the Dutch bank’s $11.2 billion rights issue came in at a 52% discount Friday amid a plunge in global markets sparked by Dubai’s debt cris... Fox Business Fri, 27 Nov 2009 10:04:59 -0500FRANKFURT -- Renault SA and the other shareholders of troubled Russian carmaker Avtovaz said Friday they have agreed on a restructuring plan for the company. Under the plan, the Russian government wi... Fox Business Fri, 27 Nov 2009 10:04:57 -0500LONDON -- The cost of insuring Dubai's sovereign debt against default rose sharply for the third straight day Friday as investors continued to flee risky assets in the wake of Dubai World's debt-rest... Fox Business Fri, 27 Nov 2009 10:04:54 -0500(Reuters) - Most big U.S. banks may be forced to make public offerings soon if the Treasury demands payback of the funds it issued under the Troubled Assets Relief Program, veteran banking analyst Ric... Reuters Fri, 27 Nov 2009 10:03:57 -0500OTTAWA -- Canada's top court has ruled in favour of Wal-Mart Stores Inc. in a dispute over union organizing efforts at a store in Quebec. The case centred around a store that Wal-Mart opened in Jonqu... Financial Post Fri, 27 Nov 2009 10:03:19 -0500People wait in line for Black Friday purchases at the Best Buy electronics store in Westbury, New York. Americans headed to department stores in droves in the dead of night on Friday to kick off the .... Financial Post Fri, 27 Nov 2009 10:03:18 -0500Canwest Global Communications Corp. said Friday it had a fourth quarter operating profit of $52-million before charges, compared with $60-million in the fourth quarter of 2008. For the full fisca... Financial Post Fri, 27 Nov 2009 10:03:15 -0500OTTAWA - Canada's current account deficit with the rest of the world jumped to a record level in the third quarter of this year as imports outpaced exports, Statistics Canada said Friday. The deficit... Financial Post Fri, 27 Nov 2009 10:03:14 -0500Kristen and Mike Lacoste, from Cumberland, R.I., drag a 42 inch Plasma television to the cash register at a Sears store in North Attleboro, Mass., Friday, Nov. 27, 2009. The couple awoke at 3:00 a.m. ... CBS News Fri, 27 Nov 2009 10:01:48 -0500ALCOA, Tenn. — The wall of honor in the Bread of Heaven restaurant is a collage of orange.An array of Tennessee football players who have traveled the 14.9 miles from the UT campus to sample the... Lexington Herald-Leader Fri, 27 Nov 2009 09:49:08 -0500U.S. stock index futures were sharply lower in premarket trading Friday -- a day after U.S. markets were closed for Thanksgiving -- as equities and commodities around the world tumbled on this week's ... Business Week Fri, 27 Nov 2009 09:40:39 -0500DUBAI: The global rating agencies S&P and Moody's have downgraded the credit ratings for several government-related entities in Dubai on fears about the government's failure to provide timely finan... Times Of India Fri, 27 Nov 2009 09:37:44 -0500The government has the right to take up to 50% in the project but is likely to take less and ask for a third party to be brought in, said Flemming Drechsel, managing director of the state-owned comp... Morning Star Fri, 27 Nov 2009 09:35:25 -0500The government has the right to take up to 50% in the project but is likely to take less and ask for a third party to be brought in, said Flemming Drechsel, managing director of the state-owned comp... Morning Star Fri, 27 Nov 2009 09:35:22 -0500HM Revenue & Customs (HMRC) has given extra time for people to confess to dodging tax through offshore accounts.The deadline of its current disclosure campaign has been extended from Monday 30 Nov... BBC Fri, 27 Nov 2009 09:34:29 -0500Utility company Eskom has been loaned 1.86bn euros ($2,77bn; £1.69bn) by the African Development Bank to finance the building of the Medupi power plant.The 4,800 megawatt facility in the Limpopo... BBC Fri, 27 Nov 2009 09:34:28 -0500(RTTNews) - Following the Thanksgiving Day holiday, stocks are poised to move sharply lower on Friday amid concerns about a financial crisis in Dubai. The major index futures are indicating considera... Quote.com Fri, 27 Nov 2009 09:33:30 -0500KITTERY, Maine - It takes Sgt. Charles Denault barely two minutes to spot a dozen cars with out-of-state license plates parked in driveways and outside houses and apartments. Driving his cruiser alo... Star Tribune Fri, 27 Nov 2009 09:04:58 -0500HARTFORD, Conn. - An improved 2010 revenue forecast prompted an analyst to slightly increase his profit estimate for Deere & Co. Friday, although he warned that the farm equipment manufacturer could ... Star Tribune Fri, 27 Nov 2009 09:04:58 -0500MONTREAL, QUEBEC--(Marketwire - Nov. 27, 2009) - Ergoresearch Ltd (TSX VENTURE:ERG) - - Annual sales increased by 160% to $1 596 107 compared to $612 127 for the same period last year. - Net profits... Market Wire Fri, 27 Nov 2009 08:59:47 -0500NEW DELHI, INDIA--(Marketwire - November 27, 2009) - Despite the decline by the broader markets, health insurance stocks were also able to buck the day's downtrend, lifting the Morgan Stanley Health... Market Wire Fri, 27 Nov 2009 08:59:40 -0500U.S. stock market futures were trading sharply lower on Friday as debt problems for Dubai spread fear across markets worldwide and as traders nervously awaited a holiday-shortened Wall Street session. MarketWatch Fri, 27 Nov 2009 08:59:04 -0500Christmas parties are likely to be modest affairs again this year. Photograph: David Ellis/Getty Images/Digital Vision It's fair to say that as far as office parties went, last... Guardian Fri, 27 Nov 2009 08:55:29 -0500For some time now it has been possible to see the four horsemen of the apocalypse on the horizon. Most economic commentators ignore their existence and the potential damage that could be inflicted on ... Guardian Fri, 27 Nov 2009 08:55:25 -0500MONTREAL, QUEBEC -- 11/27/09 -- Ergoresearch Ltd (TSX VENTURE: ERG) - - Annual sales increased by 160% to $1 596 107 compared to $612 127 for the same period last year. - Net profits before... Earth Times Fri, 27 Nov 2009 08:29:37 -0500Railteam, the alliance of European high-speed rail operators, has shelved plans for a Europe-wide common booking system because of increasing costs.The system would have allowed customers to book tick... BBC Fri, 27 Nov 2009 07:58:05 -0500Chancellor Alistair Darling will say in his pre-Budget report that the economy performed worse in 2009 than he first predicted, Treasury sources have said.Mr Darling is expected to say that the UK eco... BBC Fri, 27 Nov 2009 07:58:03 -0500(RTTNews) - U.S stock futures point to a sharply lower opening Friday morning, as traders are likely to react to the tumble in global markets over the past two days following the financial crisis in ... Quote.com Fri, 27 Nov 2009 07:57:07 -0500World stock markets tumbled further Friday amid fears about the fallout from Dubai's debt problems. Asian indices suffered massive falls, with Hong Kong's Hang Seng Index slumping almost five percent ... World Bulletin Fri, 27 Nov 2009 07:35:15 -0500Microsoft's chief financial officer Chris Liddell is stepping down from the company at the end of the year.He has been with the company since 2005 and is succeeded by current divisional CFO Peter Kl... AccountancyAge Fri, 27 Nov 2009 07:34:31 -0500The pre-dawn shoppers who've already been through the checkout lines had budgets and job security on their minds as they scored deeply discounted items. Star Tribune Fri, 27 Nov 2009 07:28:53 -0500NEW YORK - U.S. stock futures plunged Friday as a wave of fear swept through world markets over concerns that financial trouble in the Middle Eastern city-state of Dubai will upend a global economic ... Star Tribune Fri, 27 Nov 2009 07:28:52 -0500LONDON - European stock markets regained their poise Friday but Asia fell sharply as investors weighed the impact that Dubai's trouble with $60 billion in debt would have on the global financial and ... Star Tribune Fri, 27 Nov 2009 07:28:51 -0500Dubai will trigger the next round of global financial panic. No seismic event in the markets (be it a crash or rally) is complete without Wall Street, but the New York Stock Exchange was closed for Th... Guardian Fri, 27 Nov 2009 07:19:38 -0500Waitrose has insisted the scene in fact showed a photojournalist returning home, but conceded it may have been interpreted otherwise. Colonel Bob Stewart, the chairman of... Sky News Fri, 27 Nov 2009 07:03:30 -0500LONDON (Reuters) - Gold prices tumbled nearly 5 percent to a one-week low below $1,140 an ounce on Friday as investors fearing debt default in Dubai sought safety in dollars and cash. Reuters Fri, 27 Nov 2009 06:55:48 -0500ALCOA, Tenn. — The wall of honor in the Bread of Heaven restaurant is a collage of orange.An array of Tennessee football players who have traveled the 14.9 miles from the UT campus to sample the... Lexington Herald-Leader Fri, 27 Nov 2009 06:40:53 -0500TOKYO - The dollar sank to a fresh 14-year low against the yen Friday as worries about Dubai's debt mountain drove investors to buy safe haven assets like the yen. Japanese Finance Minister Hirohisa... Star Tribune Fri, 27 Nov 2009 06:13:46 -0500FRANKFURT - German steel maker ThyssenKrupp AG on Friday confirmed that it had a steep net loss in its 2008-9 fiscal year and said it plans to reduce its work force by about 20,000 people — mos... Star Tribune Fri, 27 Nov 2009 06:13:45 -0500Prime minister to tell Commonwealth heads of government meeting that the tax should be among options to avoid further bank crisis – despite US opposition... Guardian Fri, 27 Nov 2009 06:04:13 -0500Banks had a great week this week – winning the battle with the OFT over charges, fighting off caps on big bonuses, even managing to conceal a £62bn bailout – and everyone was delighted.Actually, ... Guardian Fri, 27 Nov 2009 06:04:11 -0500American Superconductor (AMSC) is up 240% from its low. Still a buy? Click here for instant access to Forbes Growth Investor model portfolios. What my model shows is Merck, now paying out 60% of its e... Forbes Fri, 27 Nov 2009 06:03:30 -0500OTTAWA -- The sentiments of average consumers and chartered accountants are headed in opposite directions, according to a pair of reports released Thursday. The mood of Canadian consumers deteriorate... Financial Post Fri, 27 Nov 2009 05:45:32 -0500Rogers Communications Inc. beefed up its equity stake in rival Cogeco Inc. on Thursday in what some suggest is a clear sign to other would-be buyers that it intends to acquire the smaller cable TV com... Financial Post Fri, 27 Nov 2009 05:45:28 -0500OTTAWA -- A major Nortel Networks Corp. creditor is objecting to terms of a key division sale, saying Nortel turned down a higher cash offer. Ciena Corp. won the auction this week for the metropolita... 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