March 4th, 2010
Malaysia’s government-linked companies and businessmen are being pressed to boost spending at home amid concern that more money is being invested abroad than flowing into the country.
Fresh ideas to stimulate investment may be included in the government’s so-called New Economic Model, International Trade and Industry Minister Mustapa Mohamed said in an interview on […]
Get quick cash with no faxing required!
Filed under: business by Forest
Comments Off
February 15th, 2010
Vestas Americas on Thursday cut 114 positions, or 6 percent of its North American work force, due to sluggish demand for wind energy projects.
Vestas Americas is the Portland-based North American headquarters of Vestas Wind Systems A/S, the Randers, Denmark-based wind turbine manufacturer.
The cuts impact only 15 at the company’s Portland office, which employs around 500 […]
Filed under: business by Forest
Comments Off
December 6th, 2009
When you buy travel insurance, don’t be tripped up by fine-print clauses that deny compensation when you make a claim.
Take Bill Walker and Iris Lustig. They booked a trip to London, but had to cancel a week before leaving because Lustig had a flare-up of Crohn’s disease, a chronic stomach ailment.
"She was very sick, so […]
Filed under: business by Forest
Comments Off
December 4th, 2009
In a move that could help improve relations between Google Inc. and the media industry, the Internet search company is offering publishers a way to build more solid "pay walls" around their online stories while still appearing in search results.
In an official blog post Tuesday, Google said it will let publishers limit […]
Filed under: business by Forest
Comments Off
November 19th, 2009
China is among the emerging markets facing risks of property and commodity market bubbles, central bank adviser Fan Gang said, joining officials from the region in expressing concern about surging asset prices.
“The real risk is really asset bubbles,” Fan, who heads the National Institute of Economic Research, said at a business conference in […]
Filed under: business by Forest
Comments Off
November 14th, 2009
Shares of discount retailer Dollar General Corp rose in their debut on the New York Stock Exchange, opening at $22, or 4.8 percent above Thursday’s initial public offering price of $21.
Dollar General, which is almost entirely owned by private equity firm Kohlberg Kravis Roberts & Co KKR.UL, priced shares at $21 in its initial […]
Filed under: business by Forest
Comments Off
November 12th, 2009
Comcast Corp’s bid for a controlling stake in NBC Universal to create a media powerhouse could be hurt by conflicting interests on Capitol Hill and conditions that hurt synergies, but the deal will likely be approved by regulators after a lengthy review.
Comcast and General Electric Co have been in talks to reach a deal […]
Filed under: business by Forest
Comments Off
October 28th, 2009
Federal Reserve chairman Ben Bernanke said Friday that the turmoil in the financial system is "abating," but urged lawmakers to enact comprehensive reforms to help prevent future crises.
Bernanke said legislative action is needed to ensure that banks have sufficient capital reserves, and to limit the risks that financial institutions can take.
The Fed […]
Filed under: business by Forest
Comments Off
October 15th, 2009
Wall Street struggled Tuesday as weakness in the financial sector and disappointment about Johnson & Johnson’s results halted the Dow’s attempt to reclaim 10,000.
The Dow Jones industrial average (INDU) lost 14 points, or 0.1%. The S&P 500 (SPX) index lost 3 points, or 0.3%, and the Nasdaq composite (COMP) ended just above unchanged.
After the […]
Filed under: business by Forest
Comments Off
October 14th, 2009
The U.S. trade gap narrowed unexpectedly in August as trade in services pushed exports slightly higher and imports fell by a fractionally larger amount, a U.S. Commerce Department report showed on Friday.
The monthly deficit was $30.7 billion, down 3.6% from a revised estimate of $31.9 billion for July. That reflected a 0.2% increase in […]
Filed under: business by Forest
Comments Off