Business and Finance News
 Fund-poor schools close in Missouri
Bangladesh News.Net
In the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat financially.
Myspace Connects With Microsoft Outlook
Techworld
Now under new management, MySpace is looking to reinvent itself and rise like a Phoenix from the ashes. The once dominant social networking site fell from nearly 70 percent of the social networking ma...
Policy ‘dove’ May Be Tapped For Fed Vice Chair
MSNBC
WASHINGTON - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar wit...
Eurozone Industry's Strong Growth
BBC
Industrial production in the 16 countries that use the euro increased much more than expected in January.The 1.7% increase between December and January was the largest monthly jump since Eurostat star...
Lehman Slated Over $50bn 'account Gimmick'
Sky News
The technique, called "Repo 105", was used to temporarily remove $50bn (£33bn) of assets from the US investment bank's balance sheet in 2008, according to a one-year investigation. This gave the app...
Ann Taylor Q4 Earnings Per Share Nil
Market Watch
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Currencies: Dollar Slips As Traders Await Retail Data
Fox Business
The U.S. dollar fell versus major rivals Friday, with the euro breaking through important chart resistance after a stronger-than-expected rise in industrial output. The Japanese yen also strengthened...
Canada Gains 20,900 Jobs In February
Financial Post
Job seekers fill out applications at a job fair in New York. Canada saw a net gain of 20,900 people finding work in February, Statistics Canada said Friday.
Stocks Hit 7 Week Highs, Yen Pressured
Financial Post
LONDON -- Global stocks rose to seven week highs on Friday led by bank shares after talks on U.S. banking reform collapsed, while speculation the Bank of Japan may soon ease monetary policy weighed on...
Stock Futures Mixed Ahead Of Retail Sales Data
Financial Post
Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4%, Dow Jones futures down 0.01% and Nasdaq 100 futures up 0.01%. Investors awaited U.S...
Leave Yuan To Us, China Tells Obama
Financial Post
The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched toward a potential bust-up over Beijing's currency regime.
Volatile Dollar Hits Services, Report Says
Financial Post
OTTAWA - Contrary to popular belief, the bulk of the country's manufacturing sector is able to "shrug off " wild swings in the Canadian dollar, whereas the services sector is the most exposed, an anal...
Crude Carriers Raises $256.5 Million In Ipo
ABCNews
Crude Carriers Corp. raised $256.5 million in its initial public offering, the Greek shipping company said Thursday. The 13.5 million shares in the offering priced at the bottom of their expected r...
Aveo Pharmaceuticals Ipo Prices Below Expectations
ABCNews
AVEO Pharmaceuticals Inc.'s initial public offering priced below expectations, resulting in $81 million in proceeds, the biotechnology company said Friday. AVEO, which develops cancer therapies, so...
Global Oil Demand Seen Higher In 2010
ABCNews
World oil demand will rise this year due to surging economic activity in Asian countries, especially China, the International Energy Agency said Friday as it bumped up its forecasts. The Paris-base...
Kkr Plans $2.21b Initial Public Offering
ABCNews
KKR, the parent of private equity firm Kohlberg Kravis Roberts, is planning a $2.21 billion U.S. initial public offering, according to a regulatory filing Friday. KKR & Co. LP said in July 2007 tha...
European Stock Markets Gain Ground
Breitbart
Europe's main stock markets rose Friday as investors awaited crucial economic data and tracked US attempts to rein in the banking sector, dealers said. London's benchmark FTSE 100 index gained 0.32...
Lehman Slated Over $50bn 'account Gimmick'
Ananova
Former bosses at Lehman Brothers have been accused of using an "accounting gimmick" to hide billions in losses which helped bring about its collapse. The technique, called "Repo 105", was used to te...
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