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Business & Financial News
Recession Turns L.A. Into Renter's Market
A depressed real estate market has turned Los Angeles County into a haven for renters seeking deals and discounts,
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Report: Recycling Analog Tvs Avoids Hazard
The proper recycling of analog televisions and other electronics in the United States can help prevent environmental hazards,
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Allen Stanford Lightly Regulated By Florida: Newspaper
Florida regulators seldom checked the Miami operations of Allen Stanford after giving the accused fraud master unprecedented freedom to send cash overseas and sell investment securities.
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No Pardon For Khodorkovsky In Works
Russian President Dmitry Medvedev says there's no pardon in the works for imprisoned oil magnate Mikhail Khodorkovsky,
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Dollar Discomfort Thrust Onstage For Italy Summit
World leaders are bound to express the hope that the worst of the global economic crisis is passing when they meet this week, but they are now under pressure, too, to manage a Chinese challenge to dollar supremacy.
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Kuwait Wants Oil Price Above $60
Kuwait wants to see the price of oil stay above $60 a barrel, the OPEC member's oil minister said on Sunday.
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Returning Asians To Fill Talent Gap, Boost Innovation
"Go East" is a message being heeded by many Asian professionals in the United States and Europe who see brighter job prospects in a region that is expected to outperform the rest of the world for economic growth.
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More Bidders Interested In Porsche Stake: Report
Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday.
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GM Europe Head Says To Sell Opel To Magna Soon: Report
General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper.
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Shanghai Plans Own "Wall Street Bull": Report
Wall Street may be down on its luck, but China's growing business hub, Shanghai, plans to install its own version of the Street's famed charging bull statue, casting in metal its hopes to eventually rival New York.
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About 10 Firms Submit Bids For AIG Taiwan Unit: Reports
About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.
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Turkey OKs Nabucco Pipeline Transit
An intergovernmental pact to be signed in Ankara July 13 will expedite construction of the pipeline and bring Caspian and Middle East gas to Europe as
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British Airways To Slash 3,700 More Jobs
The airline announced Friday it would wait up to two years to place orders for new Airbus A380 superjumbo jets, which had been envisioned
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Stanford Clients Sue Insurance Broker Willis Group
Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.
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Teck To Sell 17 Percent Stake To China For C$1.74 Billion
Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
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