Morale boost: Small business owners try talking, paying, partying to lift employee spiritsNEW YORK — As Bart Cleveland talks to employees of his ad agency, he sees the strain. Stocks finish mixed after 2 days of gains as investors wait for Alcoa; Dollar reboundsNEW YORK — After two big days, it was time for the stock market to take a break. California Realtors see dip in home sales next year, but rising pricesLOS ANGELES — Home sales in California are expected to dip next year, bucking the national trend, as unemployment and the loss of a tax incentive for homebuyers weigh on the country’s largest housing market, a forecast Wednesday showed. Homeowners rush to refinance mortgages after interest rates fall below 5 percent againEvery dollar counts in this economy. Scuffles break out as thousands mob Detroit center to apply for federal homeless assistanceDETROIT — Scuffles erupted as several thousand Detroit residents jockeyed, pushed and shoved Wednesday to get free money being offered to only 3,500 of the city’s recently or soon to be homeless. Guns, prison letters of infamous gangster John Dillinger to go up for auctionDALLAS — In a letter from jail, John Dillinger tells his father he knows he’s been a disappointment but also assures him that he’s “not guilty of half of the things I am charged with and I’ve never hurt anyone.” Banco Santander, Verisk attract $10 billion through IPOs as market shows more signs of thawNEW YORK — There is growing evidence that the market for initial public offerings is rebounding after essentially disappearing at the height of the credit crisis as two new issues raised a combined $10 billion Wednesday. Signs of hard times for shoppers: fixation on bargains at Family Dollar; Pizza Hut strugglesNEW YORK — People aren’t just shopping more at Family Dollar. They’re buying the cheapest stuff on its racks. Even Pizza Hut’s sales are slowing as consumers seek fast-food bargains. Consumers reduce their outstanding debt by $12 billion in August, 7th straight dropWASHINGTON — Consumers reduced their borrowing for the seventh straight month in August, as households worked to pay off debt and banks reduced credit card limits. Realtors group sees dip in Calif. home sales next year, but rising pricesLOS ANGELES — The California Association of Realtors is forecasting sales of single-family homes will dip slightly and prices will rise modestly next year. Google CEO: Economic recovery underway in Europe as well as in the USNEW YORK — Google Inc. is seeing an economic recovery under way, not just in the U.S., but also in Europe, CEO Eric Schmidt said Wednesday. Global economic crisis accelerates China’s ascent, but what role will it play?BEIJING — The auto-parts maker Delphi Corp. is headquartered in Troy, Mich., in the heart of the region that made the United States the car capital of the world. It’s a place where the phrase “buy American” is right at home. Indian coffee growers told to improve yield, qualityBANGALORE - Indian coffee growers have to increase their productivity and quality of beans to compete in the global market and sustain the growth momentum achieved after years of cyclical downturn, a top official said Wednesday at the International Coffee Festival (ICCF 2009). Stocks slip after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Investors waiting for earnings reports to start in earnest sent stocks modestly lower Wednesday following a two-day spike. Regulators ask Congress to revamp proposal and tighten oversight of derivativesWASHINGTON — Federal regulators on Wednesday asked a House panel to strengthen proposed legislation that would impose new oversight on derivatives, complex financial instruments blamed by regulators for hastening the financial crisis. Republican lawmakers contend the measure already could eliminate jobs and stifle companies’ ability to manage risks. Stock trading is muted after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Stocks are wavering after a two-day spike as the dollar rebounds and traders await corporate profit reports. Coffee fest opens on subdued note, VIPs keep awayBANGALORE - The third edition of the India International Coffee Festival (IIC 2009) began here Wednesday evening on a subdued note in light of the flood havoc in north Karnataka as the main dignitaries kept away from the inaugural function. Verisk Analytics shares soar immediately in trading debut; offering price higher than expectedNEW YORK — Shares of Verisk Analytics Inc., an insurance data specialist that first signaled that it planned to offer shares to the public shortly before the collapse of Lehman Brothers, soared Wednesday in their trading debut. Jaguar Land Rover secures 500 mn pound funding: reportLONDON - Jaguar Land Rover (JLR), the troubled British carmaker, has secured 500 million pounds of new finance, including a 175 million pound loan from the State Bank of India, according to reports Wednesday. Oil up to near $71 in afternoon European trading on increased optimism over global recoveryVIENNA — Oil prices hovered near $71 a barrel Wednesday as the market awaited new U.S. inventory figures amid increased optimism that a global economic recovery will boost crude demand. Stocks fall in early trading as dollar strengthens; investors await corporate earnings reportsNEW YORK — Stocks fell after a two-day spike as the dollar rebounded and traders awaited corporate profit reports. Greece’s new Socialist PM promises Greeks ‘time to breathe’ before they face economic crisisATHENS, Greece — Greece’s new Socialist prime minister took charge Wednesday, promising Greeks “time to breathe” before they face the realities of a rapidly cooling economy compromised by high state spending and a soaring public debt. Stocks mixed in early trading as dollar strengthens; investors await start of earnings seasonNEW YORK — Stocks were mixed in morning trading Wednesday as investors await the kickoff of earnings season, and as the dollar strengthened. La Opala aims for Rs.125 crore turnover by 2011-12KOLKATA - Crockery brand La Opala is gearing up to become a Rs.125 crore turnover company by 2011-12, a top company official said here Wednesday. Stocks slide in early trading as dollar strengthens; investors await start of earnings seasonNEW YORK — Stocks are slipping in early trading as investors await the kickoff of earnings season and as the dollar strengthened. Chandigarh targets another 1,000 MW power by 2018CHANDIGARH - Though unable to meet the current peak demand of a little over 300 MW of power for the union territory, the Chandigarh administration plans to make arrangements for the supply of another 1,000 MW by 2018 to cope with the rising demand. 610,000 tonne paddy procured in PunjabCHANDIGARH - Over 610,000 tonnes of paddy has been procured by public and private agencies in Punjab so far, food and supplies department officials said Wednesday. Reliance Industries proposes 1:1 bonusMUMBAI - The board of Reliance Industries, India’s largest private company, Wednesday recommended a dividend of Rs.13 per share and a bonus issue of one new share for each existing one. New legislation to introduce competitive bidding for coalNEW DELHI - In a bid to introduce competitive bidding for allocation of coal blocks and benefit consuming industries, the government will soon replace the Mines and Minerals Development Regulation Act, 1957, a senior official said Wednesday. Railways to send relief to flood-hit states free of costNEW DELHI - The Indian Railways Wednesday said it would transport for free relief material to flood ravaged places in Karnataka and Andhra Pradesh. |
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