Business and Finance News
 Chinese cars to be built in US
Denver News.Net
The Los Angeles Business Journal has reported that Chinese car maker BYD may build an assembly plant in Los Angeles County. Eurotunnel results show a profit
Denver News.Net
Eurotunnel has announced a profit of 1.4 million euros for last year, despite the weather, a fire in the tunnel and poor economic conditions. US stocks gain on financial firms
Denver News.Net
Major US stock indices posted mild gains Tuesday, led by troubled financial firms bailed out by the US government in the past year. Citigroup to Sell Real Estate Division
Hispanic Business Magazine
U.S. financial conglomerate Citigroup Inc (NYSE:C) has agreed to sells its real estate division, City Property Investors, to the US-based private equity investor Apollo Management LP, according to rep... Report: Citigroup to sell real estate division
Earth Times
New York - US financial conglomerate Citigroup Inc has agreed to sells its real estate division, City Property Investors, to the US-based private equity investor Apollo Management LP, according to rep... Google, Facebook Sued Over Social-Networking Patent
Business Week
March 10 (Bloomberg) -- Google Inc., owner of the most-used Internet search engine, and Facebook Inc. were sued by a New York company over an invention related to software that lets people join social... Spence Says U.S. Recovery Will Take ‘Several Years’
Business Week
March 10 (Bloomberg) -- The U.S. faces an extended recovery from the recession even after the government infusion of cash into stimulus programs and the banking system, said Andrew Michael Spence, a N... Biden Says Israel, Palestinians to Answer for Acts
Business Week
March 10 (Bloomberg) -- Vice President Joe Biden said Israel and the Palestinians will be held “accountable” for actions jeopardizing peace efforts, such as Israeli approval of a plan for ... Russian Dollar Bonds Yield Under 5% for First Time
Business Week
March 10 (Bloomberg) -- Yields on Russian dollar bonds fell to less than 5 percent for the first time as rising oil prices boosted investor confidence in the world’s biggest energy exporter ahea... Toyota luring buyers back with incentives
MSNBC
Driver claims Prius went wild on freeway A driver says his Toyota suddenly accelerated to 90 mph, taking him on a terrifying 30-mile ride on a San Diego County freeway. With the help of a California H... Businesses trim inventories even as sales rise
MSNBC
WASHINGTON - Businesses reduced inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cauti... UK economy 'still growing weakly'
BBC
The UK economy is still growing weakly, a study has said, expanding by 0.3% in the December to February period.The economic expansion came despite the impact of the heavy snow in January, said the Nat... British Gas faces strike ballot
BBC
Staff at British Gas will be asked to vote in a strike ballot over alleged bullying by management, and on changes to staff terms and conditions.The GMB trade union said its membership among gas engine... Fortune Brands To Sell Cobra Brand To Puma
Fox Business
SAN FRANCISCO -- Fortune Brands Inc. said Wednesday it reached an agreement to sell its Cobra golf brand, including related intellectual property and endorsement contracts, to Puma AG. Fortune Brands... Weber Criticizes "shortcomings" Of Volcker Rule
Fox Business
FRANKFURT -- German Bundesbank President Axel Weber said Wednesday the so-called "Volcker rule," which aims to bar banks from certain forms of risk trading, has "significant shortcomings." One shortc... Vail Resorts Earnings Drop 33% on Real Estate
Fox Business
MTN ) saw earnings fall 33% in the second quarter, as the company continued to take hits on its real estate holdings. Vail Resorts, which owns its namesake ski mountain along with Colorado ski areas... Facet, InterMune Lead Biotech Stocks North
Fox Business
BOSTON -- Facet Biotech Corp. and InterMune Inc. were the lead advancers among biotech stocks Wednesday, with both stocks rocketing over 60% in early trading. Facet shares shot up to $26.95, the morn... Goldman Sachs Adds Bucyrus To Conviction Buy List
Fox Business
NEW YORK -- Mining-equipment provider Bucyrus International Inc. was added to Goldman Sachs buy list on Wednesday on higher capital spending among mining companies and due to its acquisition of Terex... Crude Oil Turns Lower Ahead Of Supplies Data
Fox Business
NEW YORK -- Crude oil futures turned lower on Wednesday, with traders adopting a cautious tone ahead of the release of weekly U.S. petroleum supplies data. Crude oil for April delivery was last down ... Goldman Shuffles Conviction Buy List
Fox Business
NEW YORK -- Analysts at Goldman Sachs Group Inc. on Wednesday upgraded Evercore Partners Inc. to its conviction buy list, while at the same time downgrading Lazard Ltd. [laz] from the list to a buy r... Miller Industries Offers 10-cent Yearly Dividend
Fox Business
NEW YORK -- Miller Industries Inc. said Wednesday that it has approved an annual cash dividend of 10 cents a share payable on March 25 to shareholders of record as of the close of business on March 1... American Eagle, J. Crew Pace Mixed Retail Sector
Fox Business
SAN FRANCISCO -- American Eagle Outfitters shares gained 8% while J. Crew Group lost 4% to highlight mixed trading action in the retail sector Wednesday. The S&P Retail Index was getting pulled in bo... Portugal Raises $1.35 Billion In Bond Auction
Fox Business
MADRID -- Portugal's debt agency on Wednesday announced it has raised 990 million euros ($1.35 billion) in a bond auction in which it sold more bonds than it planned. The bonds were sold at an averag... Wholesale inventories unexpectedly fall in Jan
Reuters
(Reuters) - U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in th...
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