It has been reported that Morgan Stanley cut 1,500 jobs last week as part of a process to cut 5 percent of employees across almost every business, excluding the retail brokerage...

There has been a slight ray of hope in the troubled US housing market with starts and permits showing a surprisingly strong jump in...

Goldman Sachs says crude oil has hit record new prices following the Chinese...

Limits have been set on subsidised fuel purchases in...

A US government contract has gone to the Lockheed Martin to start building a new generation of global positioning...

President Rafael Correa of Ecuador says his country wants to buy out private oil companies who are unwilling to negotiate new...

The Chinese earthquake is forcing the nation's insurance industry to bring itself up to...

Ukraine has become the 152nd member of the World Trade...

The weak US economy has caused some department stores to report lower...

New fares structure They mean that passengers have to choose from only three ticket types when planning their journey.Out go fares like Leisure Advance, Business Advance, Value Advance and Apex -...

SAN JOSE, California : Mathematicians have long tried, and failed, to solve the Riemann Hypothesis, a stubbornly unyielding math problem. Good luck to whoever tries to figure it out. For the first...

CANNES: Anil Ambani group firm Reliance Big Entertainment on Sunday made its foray into Hollywood, with the announcement of development deals with celebrities including Angelina Jolie, Julia...

ZURICH (Reuters) - The end of the credit crisis is getting closer and the U.S. real estate market should recover in the second half of the year, Deutsche Bank...

Rail passengers pre-booking their trip will now be issued with an "advance ticket" as the first phase of a new ticketing system comes into operation. The ticket replaces discounted offers such as...

MONTREAL: Canadian Auto Workers union members voted in favor of a three-year labor agreement with Chrysler, the union said on Saturday. The accord, based on a deal ratified with Ford Canada...

Negotiators for union mechanics and bag handlers at American Airlines have rejected a contract proposal from American Airlines that called for lump-sum payments instead of wage...

HONG KONG: Migrant workers, for years the backbone of China's export miracle, are discovering their economic muscle, threatening an end to the flood of cheap goods heading west, the author of a new...

BRUSSELS: The European Commission will unveil on Tuesday a proposed shake-up of the EU's common agriculture policy to lift output in the face of a food crisis, with Britain and France gearing up...

WASHINGTON: A growing number of analysts are expressing confidence that the worst may be over for the US economy, even if it struggles for some time due to weak housing, tight credit and high...

POTI: The port city of Poti has long symbolised Georgia's collapse, but President Mikheil Saakashvili sees potential for a Black Sea Dubai in its crumbling buildings and pot-holed streets -- and ...

"We had been in talks with Goldman, a preferred negotiator, to manage the deal," a KDB spokesman said by telephone. "But Goldman said it could not accept our requests, so the talks...

Speaking to the Australia Broadcasting Corporation (ABC), Westpac chairman Ted Evans said "never say never" when asked whether the bid would be...

Research ) was quoted on Saturday as saying he would be open to a majority takeover of Austria's national carrier if that were needed for it to prosper amid soaring fuel...

ISTANBUL / ANKARA - BloombergThree Turkish banks posted their quarterly earnings Friday. While Yapı Kredi, a Turkish bank that is co-owned by Italy's UniCredit SpA, managed to more than double its...

Business news & features section. It was last updated at 00:04 on May 18 2008. Much heat and little light were generated last week by the announcement, made jointly by Microsoft and the One Laptop...

Having delayed the first flight from the start of the year, manufacturer Airbus Military said initially it would aim to get the plane aloft in July, before switching to a timetable of "summer", which...

Joe Bel Bruno May 17, 2008 - 03:57 a.m. NEW YORK (AP) - After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point...

'Same number of people flying' The Virgin Atlantic boss said fuel rises would mean some smaller companies would either be forced to merge or go under.He also predicted the cost of oil, now at...

WASHINGTON – When President Bush, once a Texas oilman, asked Saudi Arabia to pump more crude, he may have forgotten that the Saudis have a long memory. And that made it a good bet his mission...

TEHRAN – Iran's oil minister rejected on Saturday any idea of OPEC raising production, saying it would fail to ease record prices as the market was already “saturated” with oil. ...

Research ) plans to establish a global shared services and data centers in Malaysia through one of its subsidiaries, the insurance giant said on...

By MIN LEEASSOCIATED PRESS WRITER HONG KONG -- Cathay Pacific Airways might cut routes to help cope with surging fuel prices, its chief executive said. Tony Tyler said in an internal company...

After a sluggish winter, employment in San Diego County rebounded last month, fueled by strong hiring in hotels, restaurants and government work, according to data released yesterday by the state...

Alvarado Hospital in San Diego has lost its court battle over a contract dispute with Blue Shield of California, demonstrating how challenging it can be for stand-alone hospitals to demand higher...

Doctors and hospital officials will square off with health insurers Monday in San Diego over a state plan to ban medical providers from billing emergency room patients for charges not covered by...

The world economy is “teetering on the brink” of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its midyear economic projections....

NEW YORK - Wall Street is clawing its way back from a dismal start to the year as confidence grows about the prospects of a US economic recovery without a calamitous...

BOSTON - The One Laptop Per Child project is about to find out whether Microsoft Corp., a rival the nonprofit group once derided, is the solution to its problems in spreading inexpensive portable...

Posted on: Saturday, 17 May 2008, 00:00 CDT By CHERYL CASWELL Kroger is jumping on the prescription discount bandwagon and offering 90-day supplies of hundreds of generic medications for $10. The...

SAN FRANCISCO – Yahoo Inc. is seeking to conceal large portions of a shareholder lawsuit alleging the Internet company's board improperly thwarted Microsoft Corp.'s $47.5 billion takeover...

TALLAHASSEE, Fla. – Allstate Corp.'s subsidiaries can resume selling new car insurance and other policies in Florida after the insurer turned over documents showing how it sets homeowners...

LOS ANGELES – Developer Robert F. Maguire III has abandoned efforts to buy back the company that bears his name and is on the verge of being replaced as its chief executive and chairman, The...

LOS ANGELES – Janitors in Orange County have reached a tentative agreement with their employers on a four-year labor contract. SEIU Local 1877 spokeswoman Gina Bowers says the janitors'...

-------- END BIGBOXAD ----------> But investors were clearly sidetracked for much of the session by energy prices and their effect on consumer spending, which accounts for more than two-thirds of...

JUNEAU, Alaska – The Interior Department said Friday it is moving forward with an oil and gas lease sale covering nearly 4 million acres in Alaska's National Petroleum Reserve. The...

-------- END BIGBOXAD ----------> The Commerce Department reported Friday that housing construction rose by 8.2 percent in April to a seasonally adjusted annual rate of 1.03 million units. While...

PHOENIX – If US Airways and United Airlines decide to combine, they'll bring along a number of reluctant employee groups that would rather remain separate. US Airways pilots on Friday joined...

NEW HAVEN, Conn. -- General Electric Co. plans to sell or spin off the business that for a century has put appliances in American homes, a decision that could presage further asset sales, analysts...

President Bush failed to win the help he sought from Saudi Arabia to relieve skyrocketing American gas prices Friday, a setback for the former Texas oilman who took office predicting he would jawbone...

A striking United Auto Workers local at a key General Motors Corp. factory ratified a new contract with the company Friday afternoon and will resume production on...