Archive for the ‘Business’ Category
AP – Germany’s Volkswagen AG on Friday announced plans to invest euro2.3 billion ($3.5 billion) in Brazil and said it hopes to be building a million vehicles a year in the country by 2014.
AP – The bluish haze that has hung over the Third Street Diner’s bar and booths for decades finally lifts next month as a new anti-smoking law takes hold in Virginia, a huge shift for a state whose tobacco habit dates to the Jamestown settlement some 400 years ago.
AP – The nation’s retailers are ushering in the traditional start of the holiday shopping season with expanded hours and deep discounts on everything from toys to TVs to lure crowds of shoppers.
AP – Asian stock markets tumbled Friday, with South Korea down nearly 5 percent, as fears mounted over the fallout from Dubai’s massive debt problems and the dollar continued its slide against the Japanese yen.
Reuters – Investors recoiled from risky assets on Friday and dumped shares in Asian banks and builders, fearing a Dubai debt default could reignite the financial turmoil of the credit crisis.
Reuters – Americans headed to department stores in droves in the dead of night on Friday to kick off the holiday shopping season, though many said they had pared back how much they would spend on family members and on themselves.
AP – Just a year after the global downturn derailed Dubai’s explosive growth, the city is now so swamped in debt that it’s asking for a six-month reprieve on paying its bills — causing a drop on world markets Thursday and raising questions about Dubai’s reputation as a magnet for international investment.
AP – Just a year after the global downturn derailed Dubai’s explosive growth, the city is now so swamped in debt that it’s asking for a six-month reprieve on paying its bills — causing a drop on world markets Thursday and raising questions about Dubai’s reputation as a magnet for international investment.
AP – Beyond the noisy town hall meetings, Tea Party protests and sky-is-falling speeches characterizing much of the health care debate is a less visible, but no less intense push to broaden the face of the immigration reform movement.
Reuters – Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a center for investment and a source of capital.