Business and Finance News

Lufthansa on strike from Monday
Sierra Leone News.Net
Lufthansa’s 50,000 plus ground staff and cabin crew will go on indefinite strike from Monday.
Congress approves housing bill
Reuters
Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac, creating a new regulator for the mortgage titans...
Crashing US market wipes out more banks
Sierra Leone News.Net
The US real estate crash has continued to take prisoners in the US with the closure of two more banks.
European unions unsure of WTO concessions
Sierra Leone News.Net
Some European Union member nations have expressed concern that the bloc's trade chief Peter Mandelson might be conceding too much at world trade talks in Geneva.
Qantas jet being checked after near disater
Sierra Leone News.Net
Australian investigators have been trying to discover whether an exploding oxygen canister or metal fatigue were to blame for blowing a hole in a Qantas 747.
European cars making gains in small car sales
Sierra Leone News.Net
European car makers Volkswagen, Peugeot Citroen and Fiat have come up with better than expected results to defy gloomy forecasts.
Canada in car share mode
Sierra Leone News.Net
Car-share co-ops have become the rage in Canada.
Italy close to revealing Alitalia plan
Sierra Leone News.Net
Italy’s Industry Minister Claudio Scajola has told the press that Italy is close to a rescue plan for the near-bankrupt airline Alitalia.
Nokia pays Germany after pulling out of factory deal
Sierra Leone News.Net
Nokia has said it will reimburse a German state over 1.3 million euros to resolve a plant closure dispute.
British Energy shareholders still holding out
Sierra Leone News.Net
Shareholders in British Energy, which is Britain’s nuclear power group, will be offered a share of the company’s future profits by Electricite de France, which wants to take over the company.
U.S. Senate approves $300 billion housing bill
Sierra Leone News.Net
The U.S. Senate has passed a major bill to provide government support for financially troubled homeowners and two of the country's largest mortgage lenders.
British company, Israel, Palestinians in talks over Gaza gas field
Sierra Leone News.Net
BG Group, the British gas producer, has resumed talks with Israel over developing a gas field off the coast of Gaza, reviving plans to exploit the territory’s only significant energy resource.
Three more U.S. banks closed down
Sierra Leone News.Net
Three more U.S. banks have failed, prompting Federal regulators to appoint receivers to the banks, and sell off their deposits and other assets.
No angry lines of customers after bank takeover
Herald Sun
Customers of two banks closed by federal regulators were assured that every penny of their money was protected, preventing lines of angry accountholders from forming Saturday.
Farming generates fewer earnings in county
Herald Sun
Durham County may have a proud agricultural tradition, but most of its economic vitality now comes from other industries. In 2005, according to the most recent available state Agriculture Department...
Few Revlon injury details
Herald Sun
Details remain unknown about a worker's Thursday afternoon foot injury at the Revlon cosmetics plant just east of Oxford. Even the person's identity remains undisclosed amid longtime arguments about...
City and State Brace for Drop in Wall Street Pay
Gadsden Times
Government officials in New York are preparing for what could be the biggest single-year decline in pay on Wall Street in history and with it a vexing shortfall in city and state revenues. A...
Obama gives Bernanke vote of confidence
Reuters
Presidential candidate Barack Obama gave a vote of confidence to Federal Reserve Chairman Ben Bernanke, saying he had made some good decisions in difficult circumstances.
LG Display to cut output by 10 pct in downturn
Reuters
Stock Buzz ), the world's No. 2 maker of liquid crystal display screens, said on Sunday it would cut its panel output by around 10 percent until August because of weakening global demand.
Call for action on payday loans
BBC
Debt advice groups are calling for urgent action over payday loans that charge extremely high interest rates. They want the market regulator to make lenders behave responsibly, as some companies...
US stocks end higher
Times Of India
NEW YORK: Wall Street ended a volatile week with a moderate gain on Friday after better-than-expected economic data placated a market pummeled a day earlier by concerns about housing and the ...
Concerns over proposed trade deal
BBC
Some European Union countries have expressed concerns over proposed concessions made by trade negotiator Peter Mandelson at talks in Geneva. The discussions are trying to save the Doha round of...
Oil prices slide on economic worries
Times Of India
NEW YORK: Oil prices resumed their move downward on Friday on indications that demand is sagging amid slowing economies and fresh signs of rising supply. New York's main contract, light sweet...

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