AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.
Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC said its chairman is leaving to go into government.
Reuters - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.
STAMFORD, Conn.—Industry veteran Robert Clements, a former Marsh & McLennan Cos. Inc. executive who played a key role in the development of the Bermuda insurance market, died Saturday. The cause was cancer. He was 77.
Reuters - Wall Street dropped on Tuesday, with the S&P 500 briefly falling 1 percent, after reports on the European banking system reignited concerns about the financial stability of the region.
AP - Chevron Corp.'s Chinese subsidiary has acquired rights to explore for oil on 8,100 square miles in the South China Sea's Pearl River mouth basin, the oil company said Tuesday.
AP - A Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 to top leaders of an al-Qaida-linked Somali militant group at the start of the first trial under Norway's 2002 terror financing law.
Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.
SAN FRANCISCO--(BUSINESS WIRE)--ServiceSource®, the service revenue performance company, and the Service Executive Industry Board (SEIB), an independent industry body created to share best practices, address industry issues, and shape the future direction of service and subscription revenue for high tech, healthcare and life sciences vendors, today announced Polly Sumner, global services and ...
AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.
Three industrial warehouse/office buildings will be sold on-site at auction on September 28, 29, and 30. These properties are located in Greensboro, NC, Fort Wayne, IN, and Cantonment, FL. Â The Greensboro and Fort Wayne properties will be sold regardless of the price!
SAN FRANCISCO----ServiceSource®, the service revenue performance company, and the Service Executive Industry Board , an independent industry body created to share best practices, address industry issues, and shape the future direction of service and subscription revenue for high tech, healthcare and life sciences vendors, today announced Polly Sumner, global services and chief adoption officer ...
Wanamassa, NJ - August 30, 2010 - Industrial Controls Distributors LLC, the leading distributor of HVAC, process instrumentation, and valves, is pleased to announce the release of their first sourcebook. The 1,200 page full color catalog is the most comprehensive ever combining the controls, instrumentation and valves used by commercial and industrial facilities throughout the country. The 19 ...
AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.
Industrial Alliance Insurance and Financial Services Inc., Canada’s fourth-biggest insurer, said Friday it has acquired the life insurance policies of California-based Golden State Mutual for US$11 million.
Britain's leading oil industry association argued Tuesday that it is unnecessary to impose a moratorium on new drilling in the North Sea until the Gulf of Mexico spill is fully investigated because British regulation is better, making a similar disaster there unlikely.
AP - Today, it's a sprawl of luxury vacation homes where Egypt's wealthy play on the white beaches of the Mediterranean coast. But 2,000 years ago, this was a thriving Greco-Roman port city, boasting villas of merchants grown rich on the wheat and olive trade.
BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...
The euro has come back under pressure, and has broken below both the 10 and 20-day SMA’s. Meanwhile, German factory orders unexpectedly declined in July.
AP - Japan has confirmed the nation's first case of a new gene in bacteria that allows the microorganisms to become drug-resistant superbugs, detected in a man who had medical treatment in India, a Health Ministry official said Tuesday.
Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.
(RTTNews) - Germany's factory orders declined 2.2% in July from the prior month, the Federal Ministry of Economics and Technology said on Tuesday. Economists were expecting factory orders to rise 0.5% after increasing 3.6% in June.
German factory orders unexpectedly fell in July as demand in the euro region weakened, indicating the recovery in Europe’s largest economy is losing momentum.
FXstreet.com (Barcelona) - The Factory Orders indicator in Germany published by the Federal Ministry of Economics and Technology plunged 2.2% in the monthly comparison and 14.0% in the year over year indicator for July, slowing down considerably from prior months.
Berlin- German factory orders fell sharply in July, data released Thursday showed, raising fresh concerns about the outlook for Europe's biggest economy.
German factory orders in July fell by 2.2% missing expectations of a 0.5% expansion according to the Economy Ministry in Berlin. The drop was most unexpected and comes amid weakening demand from the euro-region for German produced goods, suggesting that the recovery in Germany may slow in the third quarter, after its blistering pace in Q2. Axel Weber, Germanys central bank president said ...
AFP - Powerful Tropical Storm Hermine slammed into far northeastern Mexico and then barreled into US territory early Tuesday, threatening storm surges, flash floods and tornadoes on both sides of the border.
(RTTNews) - Romania's industrial turnover and new orders decreased in July from the previous month. The total industrial turnover decreased 7.3% on a monthly basis in July, a report by the National Institute of Statistics showed on Tuesday.
The Australian ICT industry has been quick to react to the news that Labor will be able to form government following the support of Independent MPs, Rob Oakshott and Tony Windsor.
Nevada Industry Excellence has expanded its business-training curriculum to two levels of local sales training through the Make The Sale! program. The curriculum is a collaboration between NVIE and program developers Strategic Essentials and Alice Heiman LLC.
Chinese industrial production annual growth is likely to slow further in the second half of this year, the Ministry of Industry and Information Technology said Tuesday.
Industrial production in Turkey increased 8.9% in July compared with the same month of the previous year, the Turkish Statistical Institute said on Tuesday. Economists had forecast a 8% rise.
AFP - Greenpeace urged Japan on Tuesday to probe graft claims in its state-funded whaling programme, a day after two of its activists received suspended jail terms for committing theft during an investigation.
China’s industrial output growth may slow to about 10 percent in the second half, Xin Guobin, an official with the nation’s industry ministry said in Beijing today.
The egg industry, already battling a salmonella outbreak, is spending millions of dollars to fend off increasing efforts to ban cramped chicken cages. Business - Poultry - Meat and Seafood - Food and Related Products - United States