Business - Latest News

These are the latest Business stories added to our newspaper. They're sorted in descending order with the newest story at the top.

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Brown says G20 should consider transactions tax Saturday 07th of November 2009 06:30:18 AM ST ANDREWS, Scotland (AFP) -- British Prime Minister Gordon Brown called on the G20 here on Saturday to consider a tax on financial transactions among other measures to make banks more accountable to society.Brown stressed a need to avoid "prohibitive costs... Read more	Ten percent jobless rate adds to pressure on Obama Saturday 07th of November 2009 05:20:58 AM by Rob Lever WASHINGTON (AFP) -- The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.The weaker-than-expected L... Read more
10% jobless rate adds to pressure on Obama Saturday 07th of November 2009 05:20:17 AM by Rob Lever WASHINGTON (AFP) -- The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.The weaker-th... Read more	GM in talks to bring Chinese cars to India: report Saturday 07th of November 2009 03:30:53 AM NEW DELHI (AFP) -- US auto giant General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India.GM began talks with its partners Shanghai Automotive Industry Corp (SAIC) an... Read more
HSBC slashes prize money of Women's Champions Saturday 07th of November 2009 02:10:25 AM SHANGHAI (AFP) -- Global banking giant HSBC said it was renewing its sponsorship of the Women's Champions tournament for the next three years, but prize money would be slashed.The tournament regularly attracts the world's top 10 players but as the global dow... Read more	Bluebeat to battle EMI over Beatles songs Friday 06th of November 2009 11:10:06 PM by Glenn Chapman SAN FRANCISCO (AFP) -- US online music service Bluebeat said it plans to fight British recording label EMI over rights to stream and sell versions of Beatles songs.Bluebeat.com and sister website Basebeat.com were shuttered on Friday, a day... Read more
Shell Oil to pay California 19 mln dlrs over violations Friday 06th of November 2009 10:20:08 PM SAN FRANCISCO (AFP) -- Shell Oil Company will pay California more than 19 million dollars because of environmental violations at service stations throughout the state, officials said.The agreement, filed Friday in a California state court, requires Shell to... Read more	British market recalls mothy figs Friday 06th of November 2009 06:51:44 PM LONDON, Nov. 6 (UPI) -- The Asda supermarket chain, Britian's second-largest, Friday recalled its Wholefoods brand of Garland Figs because of a larvae infestation, the company said. Some customers allegedly found larvae belonging to fig moths in packs with the barcode 05050854916182, Sky News reported. In a statement, Asda said: Clearly this isn't rig... Read more
China opens probe of U.S. car imports Friday 06th of November 2009 06:43:30 PM BEIJING, Nov. 6 (UPI) -- Chinese trade officials said the Ministry of Commerce would investigate U.S. vehicle imports for anti-competitive trade practices. The probe came at the request of the China Association of Automobile Manufacturers, a trade association, the China Daily reported Friday. Trade officials will be looking for dumping practices -- selli... Read more	Grain futures close lower Friday Friday 06th of November 2009 06:35:45 PM CHICAGO, Nov. 6 (UPI) -- Grain futures closed lower on the Chicago Board of Trade Friday as stocks were flat in New York on news the U.S. unemployment rate reached 10.2 percent. Corn was off 9 to off 9 1/2, soybeans were off 14 3/4 to off 19, wheat was off 14 1/2 to off 15 and oats were off 1 1/4 to off 1 3/4. Corn futures dropped with farmers in selling... Read more
U.S. markets gains hold up Friday Friday 06th of November 2009 04:57:23 PM NEW YORK, Nov. 6 (UPI) -- Narrow gains held up in U.S. markets Friday, despite news the unemployment rate rose to 10.2 percent. The Labor Department said 190,000 jobs were lost in October, pushing the unemployment rate up 0.4 percentage points from the previous month's 9.8 percent. After a 203-point gain Thursday, the Dow Jones industrial average crossed... Read more	Consumer borrowing dropped in September Friday 06th of November 2009 04:41:59 PM WASHINGTON, Nov. 6 (UPI) -- Outstanding consumer credit fell by $14.8 billion in September, dropping for the eighth consecutive month, the U.S. Federal Reserve said Friday. The decline was far greater than the $9.9 billion contraction economists predicted. Revolving credit, including credit card loans, fell at an annual rate of 13.3 percent, contracting ... Read more
Shell Oil to pay California $19 mln over violations Friday 06th of November 2009 03:56:13 PM SAN FRANCISCO (AFP) -- Shell Oil Company will pay California more than 19 million dollars because of environmental violations at service stations throughout the state, officials said Friday.The agreement, filed earlier Friday in a California state court, re... Read more	Personal bankruptcies jump in Britain Friday 06th of November 2009 03:48:19 PM LONDON, Nov. 6 (UPI) -- Individual bankruptcies in Britain rose in the third quarter, while business bankruptcies declined, a government agency said Friday. The Insolvency Service said personal insolvencies rose to a 49-year high, rising 28 percent compared to the same quarter a year ago. It is a record with an asterisk, however, as the run-up was partially due... Read more
GM could deploy U.S. funding overseas Friday 06th of November 2009 03:11:46 PM DETROIT, Nov. 6 (UPI) -- General Motors Co. Chief Executive Officer Fritz Henderson said the U.S. automaker could use federal money to support its struggling European operations. The U.S. government gave GM $50 million to help it emerge from bankruptcy this summer and support the company through the recession. Henderson said Thursday GM was seeking $4.5 ... Read more	Opel chief quits after GM decides to keep European unit Friday 06th of November 2009 03:05:53 PM NEW YORK (AFP) -- General Motors said Friday it will seek a new chief for European operations with Carl-Peter Forster quitting following the automaker's decision to hang on to its Opel/Vauxhall division.Forster, GM group vice president and president at Opel... Read more
G20 ministers to firm up global recovery, climate funding Friday 06th of November 2009 03:05:25 PM by Guy Jackson ST ANDREWS, Scotland (AFP) -- Hosts Britain told the G20 it had "no reason to give up" on a new climate change deal Friday, as finance ministers met for talks on bolstering the world economy and green finance.Ministers from the world's 20 big... Read more	G20 ministers mull global recovery, climate funding Friday 06th of November 2009 03:00:37 PM by Guy Jackson ST ANDREWS (AFP) -- G20 finance ministers were meeting here on Friday to shore up the recovery from the global financial crisis and discuss funding for a still uncertain agreement on climate change.The ministers from the world's 2... Read more
Chrysler wins over a key executive Friday 06th of November 2009 02:57:34 PM AUBURN HILLS, Mich., Nov. 6 (UPI) -- The head of the largest U.S. auto dealership group, Mike Jackson, said he was confident in Chrysler Group's ability to make a comeback. Chrysler sales fell 30 percent in October compared to October 2008. This week, however, the automaker revealed its five-year plan, which Jackson, chief executive officer of AutoNation Inc. ... Read more	WTO marks 400th trade dispute case Friday 06th of November 2009 01:45:29 PM GENEVA (AFP) -- The World Trade Organisation said Friday that 400 trade dispute cases had been filed since the agency was formed in 1995, with the United States and the European Union lodging the most complaints."On the eve of its 15th 'birthday', the World ... Read more