It has been a miserable year for the British drug giant GlaxoSmithKline. Its shares have gone nowhere (and declined 20% since late 2005), its sales are all but stagnant, and its news feed is a depressing drumbeat of legal and public relations woes. The Avandia story just gets darker: In ...
By David Goldman, staff writerDecember 30, 2010: 5:25 PM ET NEW YORK (CNNMoney.com) — Windows Phone 7 hit the 5,000-application mark in its app store on Wednesday, as Microsoft announced it has shipped 1.5 million devices to retailers since the phone went on sale two month ago. But software giant ...
MOSCOW — She likes spy movies and the actress Angelina Jolie. She might be considering an acting career herself and really wants a feline pet. Well, a lion cub. Sergei Milansky/StarHit Anna Chapman, center, with her grandmother and Andrei Malakhov, the host of the Russian talk show “Let Them Speak.” ...
Sponsors Wrangler and Snapper are sticking by Brett Favre after the NFL fined him $50,000 for failing to cooperate in an investigation into allegations he sent inappropriate messages and lewd photos to former New York Jets game-day hostess Jenn Sterger. A spokesperson for VF Corp.’s Wrangler jeans said ...
NEW YORK — Stocks dipped Thursday as investors locked in their positions at the end of the year. While U.S. markets fell slightly, stocks are set to end 2010 on an upbeat note: The S&P 500 index and the Dow Jones industrial average are both up 14 percent for ...
If figures tell a story, the technology services’ tale has been spectacular: less than $4 billion in 2000 to $62 billion today; an average of 22% yearly growth; from less than 100,000 to over two million employees; an almost non-existent domestic market has grown to $10 billion-a-year opportunity. Technology bellwether ...
December 30, 2010, 12:42 pmBy JENNIFER SARANOW SCHULTZ If you’re in the market to buy a foreclosured house despite all the hassles and long waits associated with buying one, here’s a way to find properties in your area that are either in pre-foreclosure or are already owned by a bank. ...
THIN trade in the holidays and FX traders locking in high-yield positions may help the Australian dollar stay above parity. The dollar’s record-breaking run continued into the afternoon yesterday when it hit a 28-year high, touching US101.98c at 12.47pm AEDT. That came just hours after its previous record of US101.84c ...
VATICAN CITY — The Vatican on Thursday created a financial watchdog agency and issued new laws to fight money laundering and terrorist financing in a major effort to shed its image as a tax haven that for years has been mired in secrecy and scandal. The decrees, which go into ...
Chinese children at a boot camp to combat obesity Source: AP SIZEABLE wage rises, an insatiable appetite for commodities and heavyweight economic expansion spells only one thing for China: obesity. Grand-scale, US-style national obesity is on the horizon, probably arriving via cakes, fizzy drinks and ice cream. Investors looking to ...
With all the recent talk about a bubble in bonds, can fixed-income still be a safe haven if stocks crash? The quick answer is yes, if you pick the right place to invest. One of the best places to be in recent years has been Templeton’s Global Bond fund, which ...
Sure the content mill has found a way to survive and thrive for years now. But a planned IPO has exposed weaknesses in its business model and accounting methods. Can Demand Media survive, let alone thrive? By Dan Mitchell, contributor The websites of Demand Media Let’s take it as a ...
ATHENS — A powerful bomb detonated outside a court building near central Athens on Thursday morning, causing significant damage but no injuries, the police said. The authorities found the device and cordoned off the area around the Athens administrative court after calls to the private television station Alter and the ...
NEW YORK — Wall Street executives may face smaller bonuses and a public that still eyes them with suspicion, but that isn’t stopping them from rediscovering their love of luxury cars, oceanfront homes and private jets. A soaring stock market, a surge in mergers and an uptick in hiring on ...
NEW YORK — Stocks finished higher Wednesday as the market continued on pace for its best December in nearly twenty years. The Standard and Poor’s 500-stock index – the market measure used by most professional investors – has gained 6.7 percent this month. If it closes Friday at this ...
NEW DELHI: Saddled with huge tax arrears of Rs 2,50,000 crore — more than half of the total tax collection projected for 2010-11 — finance minister Pranab Mukherjee is likely to introduce in the forthcoming Budget some major changes in direct tax laws that could help in swift recovery of ...
December 29, 2010, 12:15 pmBy JENNIFER SARANOW SCHULTZ You may have received gift cards this holiday season that you don’t necessarily want. If you’re considering selling the cards at one of the sites that buy the cards, check out a recent post on My Money Blog that compares what different ...
