Japanese core consumer prices fell a record 1.7 percent in the year to June, with weakening consumer demand for goods playing an increasing part in pushing the country deeper into its second spell of deflation this decade
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China is prepared for more trade battles from the U.S. and India.
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This much seems certain about the Cash for Clunkers program: Consumers are happy to take government rebates to buy new cars.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/BJNKzIje20Y” height=”1″ width=”1″/
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The company has high hopes for a new Xbox 360 console codenamed ”Project Natal.”
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The Pwnie Awards fingered the social messaging service for its poor security policies.
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This summer, stay away from these troubled waters.
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The Department of Transportation is suspending its $1 billion Cash for Clunkers program after less than a week, according to a Senate aide.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/BJNKzIje20Y” height=”1″ width=”1″/
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The federal government may suspend its $1 billion Cash for Clunkers program after less than a week over concerns that the plan may have already burned through its funds, according to congressional sources.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/BJNKzIje20Y” height=”1″ width=”1″/
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The tough consumer environment took its toll on Walt Disney’s third-quarter earnings, with profits down 25 per cent on lower theme park revenues, falling television advertising income and declining home entertainment sales
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US equity benchmarks closed at new highs for the year, with investors optimistic that aggressive cost cutting by companies places them in a very profitable position once the economy recovers
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Carmaking: Tata’s purchase of Jaguar Land Rover has become a test of both UK industrial policy and the ability of groups from emerging markets to run western brands
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Steve Ballmer, chief executive of Microsoft, made a renewed effort to convince Wall Street of the attractions of his company’s search alliance with Yahoo as investors continued to punish Yahoo’s share price
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Read full story for latest details.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/_ZFbIACRjco” height=”1″ width=”1″/
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Not at all the riverboat gambler, Goldman Sachs has fully hedged its book of credit default swaps, and then some.
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Stocks surged Thursday, hitting their highest levels in nearly 9 months, as investors eyed the latest batch of better-than-expected profits and forecasts and a report that suggested the labor market is starting to stabilize.img src=”http://feeds.feedburner.com/~r/rss/money_markets/~4/klW6uJOe8WI” height=”1″ width=”1″/
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US equity benchmarks closed at new highs for the year, with investors optimistic that aggressive cost cutting by companies places them in a very profitable position once the economy recovers
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Two of the world’s biggest oil companies, ExxonMobil and Royal Dutch Shell, blamed the global economic crisis and softer demand for the collapse in their revenues
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JPMorgan Chase and Goldman Sachs paid the most million-dollar bonuses in 2008, while two banks that lost almost $28bn each last year, Citigroup and Merrill Lynch, also made hundreds of their employees millionaires, according to a newly released report on bonus payments by government-supported banks
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The pig of U.S. financial reform will be stuck in the legislative python a bit longer. U.S. lawmakers are about to flee steamy Washington for their month-long summer recess, leaving much of Barack Obama’s ambitious agenda hanging.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/9wkR0jMijYM” height=”1″ width=”1″/
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Oil jumped more than 5% to near $67 a barrel Thursday as economic data sparked fresh optimism that the recession may be bottoming out.img src=”http://feeds.feedburner.com/~r/rss/money_markets/~4/PlKNvWe9sgU” height=”1″ width=”1″/
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Fears over the value of China’s dollar holdings have prompted moves to internationalise the currency
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Read full story for latest details.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/xZgM8tUxhUk” height=”1″ width=”1″/
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The federal government’s new Cash for Clunkers program has caused a lot of excitement for consumers. It’s also caused plenty of confusion.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/Cofb-eK3I3k” height=”1″ width=”1″/
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Ben Bernanke, chairman of the US Federal Reserve, is rapidly converting the secretive Fed into something of an open house as he tries to ward off criticism of plans to expand the central bank’s powers in the wake of after the financial crisis
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Molson Coors had a great run off of the bottom, but things are still looking up for the brewer.
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