Economic Scene: Banks counted on looting America's coffers Mar 11, 2009
Banks counted on looting America's coffers - International Herald Tribune. Banks counted on looting America's coffers. (International Herald Tribune)
A Brussels brouhaha over coffee machines Mar 11, 2009
Published: March 10, 2009. As if running an organization of 27 countries wasn't complicated enough, a new position has been added at European Union headquarters: coffee monitor. (International Herald Tribune)
Advertising: The upfront season this time won't be too upbeat Mar 11, 2009
The upfront season this time won't be too upbeat - International Herald Tribune. Companies like MTV Networks are in discussions with advertisers about new programming and marketing opportunities. (International Herald Tribune)
Economy seen shrinking in 3 months to February Mar 11, 2009
Reuters Published: March 11, 2009. The economy shrank by 1. (International Herald Tribune -- Arts)
Weary catfish farmers becoming landlords of algae Mar 11, 2009
The Associated Press Published: March 11, 2009. Pond scum was once an aquatic nuisance that Hall Barret III once hated to see in his catfish ponds. (International Herald Tribune -- Arts)
Lufthansa 2008 net profit falls 65 percent Mar 11, 2009
The Associated Press Published: March 11, 2009. Deutsche Lufthansa AG, Germany's largest airline, reported Wednesday a 65 percent drop in net profit for 2008, as the economic slowdown and higher fuel prices ate into its bottom line. (International Herald Tribune -- Arts)
Axel Springer books record profit in 2008 Mar 11, 2009
The Associated Press Published: March 11, 2009. German publishing group Axel Springer AG said Wednesday it recorded its highest net profit ever in 2008, rebounding from a loss in 2007, when earnings were hurt by write-downs. (International Herald Tribune -- Arts)
PartyGaming core earnings up Mar 11, 2009
Reuters Published: March 11, 2009. Gaming firm PartyGaming posted a 29 percent rise in full-year earnings on Wednesday and said it was well placed to achieve its long-term aim of becoming the world's most valuable online gaming company. (International Herald Tribune -- Arts)
Lawyer: Madoff will plead guilty to all charges Mar 11, 2009
The Associated Press Published: March 11, 2009. Bernard Madoff could be facing his final hours of freedom after acknowledging that he will plead guilty to charges that he engineered one of the largest investment scams in U.S. history and was ready to face a prison sentence of up to 150 years. (International Herald Tribune -- Arts)
WAL-MART TO DIGITIZE HEALTH DATA... Mar 11, 2009
Wal-Mart plans to market digital health records system - International Herald Tribune. Wal-Mart plans to market digital health records system. (The Drudge Report)
Congress, Obama admin piling on new conditions for financial institutions getting bailout cash... Mar 11, 2009
U.S. banks may pay dearly for government aid - International Herald Tribune. U.S. banks may pay dearly for government aid. (The Drudge Report)
Bank of England begins creating new money Mar 11, 2009
The Associated Press Published: March 11, 2009. The Bank of England will officially begin creating new money on Wednesday, offering to buy 2 billion pounds of government bonds, as it attempts to pull the economy out of recession and ward off deflation. (International Herald Tribune -- Sports)
Staples profit drops 14 percent in 4th quarter Mar 11, 2009
The Associated Press Published: March 11, 2009. Staples says its fiscal fourth-quarter profit dropped 14 percent amid a number of charges related to its acquisition of Netherlands-based Corporate Express. (International Herald Tribune -- Sports)
Renishaw PLC to cut 22 percent of work force Mar 11, 2009
The Associated Press Published: March 11, 2009. Precision measuring equipment makers Renishaw PLC said Wednesday that it intends to cut 500 jobs worldwide because of a continuing deterioration in its business. (International Herald Tribune -- Sports)
Latvia's GDP shrinks 4.6 percent in 2008 Mar 11, 2009
Latvia's GDP shrinks 4. 6 percent in 2008 - International Herald Tribune. (International Herald Tribune -- Sports)
FTSE down 1.1 percent in early trade Mar 11, 2009
1 percent in early trade - International Herald Tribune. 1 percent in early trade. (International Herald Tribune -- Business)
Global split on economy: More debt or more control? Mar 11, 2009
Global split on economy: More debt or more control. - International Herald Tribune. (International Herald Tribune -- Business)
ON THE ROAD: Airline booking made easier Mar 11, 2009
Airline booking made easier - International Herald Tribune. Airline booking made easier. (International Herald Tribune -- Business)
Malaysia announces $16 billion in spending to save jobs Mar 11, 2009
Reuters Published: March 10, 2009. Malaysia unveiled a plan for new spending worth 60 billion ringgit, or $16. (International Herald Tribune -- Business)
Merck to buy Schering-Plough for $41.1 billion Mar 11, 2009
Merck to buy Schering-Plough for $41. 1 billion - International Herald Tribune. (International Herald Tribune -- Business)
E.ON cuts its 2010 profit forecast Mar 11, 2009
Reuters Published: March 10, 2009. E.ON shares fell more than 10 percent on Tuesday after the German group's disappointing outlook further undermined the shaky status of utilities as safe investments. (International Herald Tribune -- Business)
Europe markets fall despite Asian gains Mar 11, 2009
Published: March 11, 2009. Stocks fell Wednesday in Europe after a mostly stronger session in Asia, as the momentum faded from a rally that lifted the Dow Jones industrial average to one of the biggest percentage gains in more than 60 years. (International Herald Tribune -- Business)
Last British tax haven accedes to demands for greater disclosure Mar 11, 2009
Bloomberg News Published: March 10, 2009. The island of Jersey bowed to political pressure Tuesday and agreed to share information with the British government on individuals seeking to evade taxes becoming the last British offshore tax haven to offer greater disclosure. (International Herald Tribune -- Business)
Taiwan set to inject $867 million for DRAMs Mar 11, 2009
Bloomberg News, Reuters Published: March 10, 2009. Taiwan will inject as much as 30 billion Taiwan dollars, or $867 million, into Taiwan Memory, the new computer memory chip company that it is setting up to bail out its struggling memory chip sector. (International Herald Tribune -- Business)
Cathay Pacific posts record $1 billion second-half loss Mar 11, 2009
Reuters Published: March 11, 2009. Cathay Pacific Airways, the dominant airline in Hong Kong, posted on Wednesday a record $1 billion second-half net loss and warned that the year ahead will be "extremely challenging" on possible hedging losses and weak passenger and cargo demand. (International Herald Tribune -- Business)
U.S. banks are in a bind over the hiring of workers from overseas Mar 11, 2009
Published: March 10, 2009. What could be worse than graduating from an American business school this year with an interest in banking. (International Herald Tribune -- Business)
EADS posts profit for 2008 Mar 11, 2009
Published: March 10, 2009. European Aeronautic Defense & Space returned to profit in 2008, thanks to a record year for aircraft deliveries at its Airbus subsidiary, the company announced Tuesday. (International Herald Tribune -- Business)
Cairn Energy launches share placing Mar 11, 2009
Reuters Published: March 11, 2009. Oil explorer Cairn Energy launched a share placing aimed at raising around 120 million pounds on Wednesday, to provide financial flexibility as credit markets remain challenging. (International Herald Tribune -- Technology)
Madoff's lawyer says he understands victims' anger Mar 11, 2009
Madoff's lawyer says he understands victims' anger - International Herald Tribune. Madoff's lawyer says he understands victims' anger. (International Herald Tribune -- Business)
IMF chief calls for fast cleanup of banks' balance sheets Mar 11, 2009
IMF chief calls for fast cleanup of banks' balance sheets - International Herald Tribune. IMF chief calls for fast cleanup of banks' balance sheets. (International Herald Tribune -- Business)
Builder loans are the forgotten land mine in U.S. credit crisis Mar 11, 2009
Reuters Published: March 10, 2009. Banks in the United States face a new source of write-downs and failures in the coming year, as loans made to developers to finance residential and commercial property development rapidly go bad. (International Herald Tribune -- Business)
Dow Chemical and Rohm settle a dispute over merger Mar 11, 2009
Published: March 10, 2009. After a drawn-out battle in the courts and the severe contraction in the economy, Dow Chemical and Rohm & Haas have finally reached a deal to settle their disputed $15. (International Herald Tribune -- Business)
Europe agrees to reduce sales tax on dining out Mar 11, 2009
Published: March 10, 2009. The financial and economic crisis has finally produced some good news: eating in French restaurants is about to get more affordable. (International Herald Tribune -- Business)
Audi expects a drop in sales and a smaller profit Mar 11, 2009
Reuters Published: March 10, 2009. Audi said Tuesday that it expected a sharp drop in profit and its first annual decline in sales in 14 years. (International Herald Tribune -- Business)
United Technologies to cut more jobs on gloomy outlook Mar 11, 2009
Reuters Published: March 10, 2009. United Technologies, the world's largest maker of elevators and air conditioners, cut its 2009 profit target on Tuesday by about 13 percent and said it would eliminate 11,600 more jobs because it no longer anticipated an economic recovery this year. (International Herald Tribune -- Business)
YouTube blocks music videos for U.K. viewers Mar 11, 2009
Reuters Published: March 10, 2009. YouTube has begun preventing British users from watching music videos on the Web site after it was unable to reach a rights deal with the country's main songwriters' collection society. (International Herald Tribune -- Business)
Hitachi pleads guilty to fixing LCD prices Mar 11, 2009
The Associated Press Published: March 11, 2009. Hitachi Displays has agreed to plead guilty to conspiring to fix prices on the sale of LCD panels. (International Herald Tribune -- Business)
Hedge funds to make deep cuts in staffing Mar 11, 2009
Bloomberg News Published: March 10, 2009. Hedge funds may eliminate 20,000 jobs worldwide this year, a record 14 percent of the industry's work force, as investment losses and client withdrawals erode fees, executive recruiters estimate. (International Herald Tribune -- Business)
John Lewis profit falls 26 percent Mar 11, 2009
Reuters Published: March 11, 2009. John Lewis Partnership said on Wednesday its year profit before partnership bonus and tax was 407 million pounds, an increase of 27. (International Herald Tribune -- Business)
Kuwait: OPEC expected to cut production Mar 11, 2009
The Associated Press Published: March 11, 2009. A senior Kuwaiti official says OPEC is likely to announce a production cut during its meeting Sunday in Vienna. (International Herald Tribune -- Travel)
Chinese auto sales jump 25 percent in February Mar 11, 2009
The Associated Press Published: March 11, 2009. Chinese auto sales surged 25 percent in February from a year earlier, as a tax cut for small cars and other measures helped revive the market, an industry group said Wednesday. (International Herald Tribune -- Travel)
Global shares soar on hint of hope Mar 11, 2009
Trader Terrence Stassen reacts to the market gains at the Chicago Mercantile Exchange on Tuesday. Published: March 10, 2009. (International Herald Tribune -- Money Report)
Citi hopes boost Asia stocks but China gloomy Mar 11, 2009
Reuters Published: March 11, 2009. Asia stocks rose on Wednesday after hopes Citigroup will deliver a first-quarter profit sparked an improvement in investor confidence, though grim Chinese export data sent dealers buying the U.S. dollar for safety. (International Herald Tribune -- Business)
Toyota to cut UK staff pay and hours Mar 11, 2009
Reuters Published: March 11, 2009. The British arm of Toyota is to cut UK staff pay and working hours by 10 percent to save money in the face of a sharp downturn in global demand, the Japanese auto maker said on Wednesday. (International Herald Tribune -- Technology)
Hannover Re posts '08 net loss, expects better '09 Mar 11, 2009
The Associated Press Published: March 11, 2009. German reinsurance company Hannover Re AG reported Wednesday a net loss for 2008, as the global financial crisis hurt its investment portfolio, but said it expects a good result in 2009. (International Herald Tribune -- Technology)
Aer Lingus shares plummet on poor '09 outlook Mar 11, 2009
The Associated Press Published: March 11, 2009. Irish airline Aer Lingus Group PLC said Wednesday that record costs for fuel pushed it to a 2008 full year net loss, which it said would deepen in 2009 as demand evaporated amid Ireland's recession. (International Herald Tribune -- Technology)
Severstal posts $1.2 billion net loss in Q4 Mar 11, 2009
2 billion net loss in Q4 - International Herald Tribune. 2 billion net loss in Q4. (International Herald Tribune -- Health)
Cathay Pacific posts record $1.1 bln loss for 2008 Mar 11, 2009
Cathay Pacific posts record $1. 1 bln loss for 2008 - International Herald Tribune. (International Herald Tribune -- Health)
5 Why Software Development Projects Fail, Part I Feb 20, 2009
"The short version is: when we upgraded our system, we didn't hook up some of the accounting wiring. However, we thought we had manual fixes in place, Overstock.com CEO Patrick Byrne told shareholders. We've since found that these manual fixes missed a few of the unhooked wires.". These types of anecdotes have been repeatedly supported by studies and surveys over the last two decades. (CIO Information Network)
Overstock.com Announces Winner of January $10,000 Family Bailout Sweepstakes Feb 14, 2009
"Thank you, Overstock.com.". About Overstock. (PR Newswire)
