By JOSEPH B. WHITE WASHINGTON — House Speaker Nancy Pelosi on Wednesday directed that “statement of disbursement” records detailing spending by the offices of members of the House be published online “at the earliest date.” The quarterly spending records have until now been available only in paper form at a Congressional office building or for [...]
The Fed chairman tells the House Budget Committee that the decline could bottom out and the economy could turn up later this year By Phil Mintz The pace of economic contraction is slowing, indicating the economy could bottom out and then turn up later this year, Federal Reserve Chairman Ben S. Bernanke told the House [...]
By MADLEN READ and SARA LEPRO, AP Business Writers Madlen Read And Sara Lepro, Ap Business Writers – NEW YORK – The problem with rising expectations is they get tougher to beat. Investors broke the stock market’s four-day rally and sold off after data on the services industry and factory orders came in below forecasts. [...]
By KEN THOMAS and TOM RAUM, Associated Press Writers Ken Thomas And Tom Raum, Associated Press Writers – 12 mins ago WASHINGTON – The chiefs of General Motors and Chrysler told skeptical lawmakers on Wednesday they have too many dealers to support their slimmed down operations and sacrifices must be shared as they fight to overcome bankruptcy [...]
by Mary Pilon Monday, June 1, 2009 provided by Carlos Araya used to order lobster, filet mignon and $200 bottles of red wine at the Palm Restaurant in midtown Manhattan. Now, he seats customers at its Tribeca branch. Mr. Araya, 38 years old, lost his job in 2007 as a crude oil trader on the [...]
Oil prices have fallen back with investors growing more cautious as oil approaches the $70-a-barrel mark. US light, sweet crude oil was down 86 cents at $67.69 a barrel, while Brent crude fell 61 cents to $67.56. US President Barack Obama has begun a tour of the Middle East, where he will raise the issue [...]
Facebook has sold a 1.96% stake for $200m (£126m) to a Russian internet firm, a move that values the social networking website at $10bn. Facebook boss Mark Zuckerberg said he had been impressed by Digital Sky Technology’s (DST) “impressive growth and financial achievements”. DST has investments in a number of internet firms across Russia and [...]
Ben Thompson Reporter, Middle East Business Report, BBC World, Dubai With sweat pouring down her face, Kate Shannon is first to cross the line. There are cheers and hugs from her teammates, before she collapses onto the sand to catch her breath. It is only 9am but already 38 degrees celsius. This is a warm-up [...]
South Africa, – A Somali businessman lost all his belongings and money at the weekend after Walmer Township residents were allegedly told to loot his shop by four gunmen who had just robbed him. The four men robbed Ibrahim Abdul Osman‘s Madiba Supermarket of R8000 from the cash register, cellphones and airtime vouchers worth R2500 [...]
Companies are working fast to figure out how to make money from the wealth of data they’re beginning to have about our online friendships A question: If you have 347 followers on the Twitter microblogging service, what are the chances that they’ll click on the same online ad you clicked on last night? Advertisers are [...]