Business and Finance News

Austrian court convicts nine bank fraudsters
Azerbaijan News.Net
Nine people have been convicted of criminal charges in a major Austrian bank fraud case.
Inflation rate blows out in Iran
Azerbaijan News.Net
Iran's inflation rate, which has provoked intense criticism of the government, reached 26 percent in June.
Air India applies to fly polar route
Azerbaijan News.Net
Air India intends using the polar routes for long haul operations.
Indian brothers facing fraud charges
Azerbaijan News.Net
Narendra Rastogi, an Indian man accused of fraud, has been extradited back to his homeland from the US.
Pringles not potatoes says judge
Azerbaijan News.Net
A High Court judge in London has ruled that Pringles, the tubed snack food, are not potato crisps.
Credit Mutuel of France bids for Citigroup
Azerbaijan News.Net
Credit Mutuel of France has bid for the German retail banking activities of US giant Citigroup.
Rogue trader bank fined for carelessness
Azerbaijan News.Net
France's central bank has fined Societe Generale $6.3 million for shortcomings in its internal controls.
Mandela takes action against London gallery
Azerbaijan News.Net
Former South African president Nelson Mandela has decided to take legal action against an art gallery in London for selling sketches it says are his.
EU speeds up energy efficiencies
Azerbaijan News.Net
To ease the soaring cost of fossil fuels, EU ministers have promised to place energy efficiency at the heart of their goals on climate change.
Global equities tumble, U.S. markets closed
Azerbaijan News.Net
Stock markets around the world reeled on Friday with the heaviest falls in Europe.
No same day flights
Times Of India
NEW DELHI: Here's another casualty of soaring oil prices and inflation: Fy-in and fly-out same day is fast fading across India Inc. Till recently, many executives didn't remember the last domestic...
Jaane Tu... Ya Jaane Na clicks
Times Of India
Aamir Khan's Jaane Tu... Ya Jaane Na has won the first round of its much-awaited battle with Harry Baweja's Love Story 2050. The simple college-bound love story, featuring newcomer Imraan...
European shares fall, Asia markets mixed
San Diego Union-Tribune
LONDON – European markets fell and Asian markets were mixed Friday as investors digested uneven readings on the U.S. economy and oil prices that remained near records. Japan posted its 12th...
Corporate earnings on track for fourth straight quarterly drop
Market Watch
The profits of large U.S. companies are poised for their fourth straight year-over-year drop, with the housing market collapse and high energy prices accounting for much of the second quarter's pain.
Employers use federal law to deny benefits
Seattle Post-Intelligencer
Dying of cancer, Thomas Amschwand did everything he was told to make sure his wife would collect on the life insurance policy he had through his employer. "He was obsessed with dotting...
Led Zeppelin Uncomfortable Lending Music to Rhythm Games
Wired News
... roc* The "go play a real guitar" schtick is tired. I play guitar, but I prefer to play Rock Band and Guitar Hero. Why? Because when I have friends over or want to play some "music" with the kids, I...
Making Water From Thin Air
Wired News
A company that developed technology capable of creating water out of thin air nearly anywhere in the world is now under contract to nourish U.S. soldiers serving in Iraq. The water-harvesting...
Wall Street hanging in the balance
Turkish Daily News
Wall Street heads into a key corporate earnings season with sentiment hammered amid a record surge in energy costs that has dampened prospects for an economic recovery.
Kerry Gerontianos Selected As Microsoft Digital Worldwide Partner Conference USA Spokesperson
PR Web
Microsoft Eager To Spread IDC Report Findings That Partner-to-Partner Global Activity Accounts For A $6.7 Billion International Association of Microsoft Certified Partners Eco-System....
Farmers say salmonella scare has hurt tomato sales
Herald Sun
Expect fewer slices of red, ripe tomatoes next to the grill this holiday weekend. With a salmonella scare causing many customers to shun what's normally a summertime favorite, tomato farmers...
2 supervisors at raided meatpacking plant arrested
Herald Sun
Two supervisors at an Iowa meatpacking plant that was raided by federal immigration agents in May were arrested and charged with encouraging people to live in the United States illegally.
SocGen fined over trading scandal
Herald Sun
France's central bank announced Friday that it has fined Societe Generale $6.3 million for "serious shortcomings" in its internal controls that led to nearly $7.8 billion in trading losses...
Fresh Market adds upscale grocery option
Herald Sun
The competition for your grocery-shopping dollar will have a fresh new option on The Fresh Market, a 2,400-square-foot upscale grocery, will open in Glenwood Square Shopping Center nearly a...

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