By Annalyn Censky, staff reporterJuly 30, 2010: 3:47 PM ET NEW YORK (CNNMoney.com) — Northwest Airlines will plead guilty and pay a $38 million fine for conspiring to fix cargo rates, the Justice Department announced Friday. In a felony charge filed Friday, the Justice Department said Northwest Airlines Cargo earned ...
Striking truck drivers and the Greek police clashed Friday outside an oil refinery near the northern city of Salonika after trucker unions defied a government order to return to work and extended a five-day strike over plans to cut the price of licenses to own and operate trucks in an ...
Whether you want pear chutney grown by local farmers on your sandwich, or an artery-clogging ball of meat and grease for less than a buck, there’s a regional burger chain for you somewhere in America. While the big three hamburger giants — McDonald’s, Burger King and Wendy’s ...
The Dow’s top five performers for the month all had strong earnings: DuPont Co., which rose 17.58 percent during July; Caterpillar Inc., up 16.11 percent; American Express Co., up 12.44 percent; Chevron Corp., up 12.30 percent and Microsoft Corp., up 12.17 percent. The Standard & Poor’s 500 ...
NEWDELHI: In an astounding disclosure that could blow the lid off a big scandalinvolving the Commonwealth Games, top sources in the Central VigilanceCommission (CVC) told TOI that every quality certificate scrutinised by a CVCteam in 16 Games projects so far has turned out to be forged or suspect. “It’s a ...
The greenback was higher versus most major counterparts except the yen Friday as investors’ appetite for risk remained subdued ahead of the first official estimate of second-quarter U.S. economic growth. The dollar index which tracks the U.S. unit against a basket of major currencies, stood at 81.858, up from 81.559 ...
Carl Richards is a certified financial planner and the founder of Prasada Capital. Most of the traditional wisdom that we follow when we are making investment decisions is rooted in models referred to as modern portfolio theory. One of the theory’s basic assumptions is that stock market returns are normally ...
MACQUARIE has sounded an effective profit downgrade by warning that its three largest businesses are unlikely to reach forecasts. In a first-quarter update at the bank’s annual meeting, Macquarie chief executive Nicholas Moore said its corporate advisory, securities and fixed income, currencies and commodities (FICC) units were each facing revenue ...
The Dow Jones industrial average, down almost 120 points in the first minutes of trading, recovered and was down 8 points at midday. The other major indexes also wiped out their losses and were slightly higher. Still, some traders were cautious and opted for the safety of Treasury bonds instead ...
AS Healthscope’s board gathered to consider a $2 billion takeover bid, one person had many reasons to take a keen interest in the outcome. More than 30 million reasons, in fact. Melbourne businessman David Evans can thank his father for plenty in life, but most recently it would be the ...
You can book this studio apartment in Florence, Italy, via HomeAway.com for just $100 a night.By Carolyn BigdaJuly 30, 2010: 5:51 AM ET (Money Magazine) — Book a hotel in a popular destination and you know what to expect: a bed, a mini-fridge, and a big bill at checkout. In ...
By CNNMoney.com staffJuly 30, 2010: 5:46 AM ET LONDON (CNNMoney.com) — The Walt Disney Company said Friday it has agreed to sell Miramax Films for around $660 million to an investor group. The indie film label is being bought by Filmyard Holdings, which is backed by construction mogul Ron Tutor ...
PARIS — President Nicolas Sarkozy has ordered the expulsion of illegal Roma and itinerant immigrants and the dismantlement of their camps in a move that has been labeled by human rights groups as xenophobic and criticized by his political opponents. After a meeting late Wednesday, Mr. Sarkozy ordered the expulsion ...
WASHINGTON — The Federal Reserve should revive a crisis-era program to buy government debt if the country seems headed toward a bout with deflation, a Fed official said Thursday. James Bullard, president of the Federal Reserve Bank of St. Louis, worries that the United States ...
WASHINGTON — Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities and Exchange Commission announced the settlement with Citigroup on Thursday. It ...
NEWDELHI: Anil Ambani-owned Reliance Power does not figure in the first sixcompanies that will get gas on priority from Reliance Industries’ KG-D6when output from the block goes beyond the current capacity of 60 mmscmd, apower ministry official told ET. The list, which is being finalisedby the ministry, includes GSPC’s 700 ...
The greenback dropped further against other major currencies as a rise in European stocks reduced demand for the safe-haven U.S. currency. The dollar plunged to a 2-day low against the yen, 3-day low against the franc and fresh multi-month lows against the euro and the pound. The dollar fell against ...
