U.S. Antitrust Regulators To Investigate Google's $125 Million Copyright Settlement
Mayur Pahilajani - AHN News Writer New York, NY (AHN) - Google Inc. (NASDAQ GS:GOOG) is being investigated by U.S. antitrust regulators after the search engine giant reached a $125 million settlement of copyright issues with authors and...
British Airways To Cut Capacity, Trim 3,700 Jobs, Delay Planes As Traffic In June Drops
Mayur Pahilajani - AHN News Writer London, United Kingdom (AHN) - British Airways Plc (NYSE: BAY) posted another monthly drop in passenger traffic in June, forcing the Europe's third- largest airline to continue reducing capacity, delaying...
Credit Delinquency Rate In Canada Climbs Up To 19 Percent In May
AHN Staff Toronto, Ontario (AHN) - A report released by Equifax Canada Thursday warned about the rising debt delinquency rate in Canada that has climbed up to 19 percent by end of May.Most of the financial woes were made by about 500,000...
Teck Resources Sells 17.2% Shares To China Fund For $1.5 Billion
Mayur Pahilajani - AHN News Writer Vancouver, BC (AHN) - Canadian diversified miner Teck Resources Limited (NYSE:TCK) said Friday it sold 17.2 percent stake to State-owned China Investment Corp., helping the firm to bolster financial...
EU Approves Novo Nordisk's Drug For Type 2 Diabetes Treatment
Mayur Pahilajani - AHN News Writer London, United Kingdom (AHN) - The European Commission has granted marketing authorization to a Novo Nordisk A/S (NYSE: NVO)'s drug for the treatment of type 2 diabetes in adults, amid higher competition...
Ericsson Wins Fixed-Broadband Access Contracts From Three Chinese Operators
Mayur Pahilajani - AHN News Writer New York, NY (AHN) - Sweden's Telefon AB L.M. Ericsson (NASDAQ: ERIC) said Friday that it has won contracts to provide fixed broadband access to the three Chinese telecom operators, but did not disclose...
Rogue Trader May Have Spiked Oil, Raised Volumes Through Unauthorized Trades
Mayur Pahilajani - AHN News Writer New York, NY (AHN) - A rogue oil trader is being charged for spiking futures prices earlier this week and costing London-based oil brokerage firm PVM Oil Futures Ltd. around $10 million (6 million pounds)...
Asian Markets End Week On A Weak Note
Mayur Pahilajani - AHN News Writer Tokyo, Japan (AHN) - Shares in Asian markets were mixed on Friday, led by commodity-related stocks, as dismal unemployment report dampened investor confidence.The markets in the U.S. are closed today for the...
European Markets Scramble For Profits; U.S. Markets Closed For Public Holiday
Mayur Pahilajani - AHN News Writer London, UK (AHN) - European stocks turned volatile on Friday as the markets scrambled to lock in profits with only one trading day left in the week, following a weak monthly U.S. jobs data.Analysts are hoping...
Despite Economy, Largest Retailers Remain Power Players
WASHINGTON - In spite of economic uncertainties, many of the nation’s largest retailers held onto their coveted spots at the top of the retail ladder last year, according to an annual ranking of retailers by sales. The STORES Top 100 Retailers*, featured in the July issue of STORES...
British Store Kicks Off Sale Of 'Indestructible' Mobile Handset
Windsor Genova - AHN News Writer London, U.K. (AHN) - A British retail chain on Thursday kicked off sales of a virtually indestructible mobile phone that passed such tests as being stepped on by an elephant, roasted in an oven and dropped from...
Regulators Close 7 Banks, Bringing Year's Total To 52; Double Last Year's Closings
Linda Young - AHN Editor Washington, D.C. (AHN) - Bank regulators closed seven more banks Thursday, which meant 52 banks have been closed this year, double the number that failed last year.One of the failed banks was in Texas and the remaining...
July 2, 2009: High Points In The U.S. Economy
Mitchell Jaworski - AHN Reporter Washington, D.C. (AHN) - U.S. markets were hit with a bevy of economic data on Thursday. A better than expected increase in factory orders was a bright spot, lending further support to the recovery in the...
Bangladesh Moves To Stop Labor Unrest In Export Processing Zones
Siddique Islam - AHN Correspondent Dhaka, Bangladesh (AHN) - An agreement has been signed to appoint 60 counselors with a view to remove labor unrest in the Export Processing Zones (EPZs) under the Bangladesh Export Processing Zones Authority...
Grameenphone Gets Approval For Largest IPO In Bangladesh
Siddique Islam - AHN Correspondent Dhaka, Bangladesh (AHN) - Grameenphone (GP) Limited received approval from the capital market watchdog Thursday to raise $70.44 million (BDT 4.860 billion) issuing its initial public offering (IPO), the...
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