THE Reserve Bank has warned that banks will have to get used to lower rates of credit growth because the caution evident in the household sector has also gripped corporate Australia. Its latest review of the financial system, released yesterday, concludes that the era of double-digit credit growth was fuelled ...
Kia splurged on the budget for its spot showing its car traveling a futuristic landscape.By Aaron Smith, staff writerFebruary 7, 2011: 6:58 AM ET NEW YORK (CNNMoney) — The recession is officially over … or at least, that’s the message from Super Bowl advertisers this year. Ad experts say that ...
Kia splurged on the budget for its spot showing its car traveling a futuristic landscape.By Aaron Smith, staff writerFebruary 7, 2011: 6:58 AM ET NEW YORK (CNNMoney) — The recession is officially over … or at least, that’s the message from Super Bowl advertisers this year. Ad experts say that ...
As BP engineers in the Gulf of Mexico scramble to contain a still-expanding oil slick, many people around the world are doing more than just watching anxiously. It turns out a lot of them have ideas about products, techniques and some novel approaches to cap the spill and clean the ...
A variety of consumer-focused articles appear daily in The New York Times and online in our blogs. Each weekday morning, we gather them together here so you can quickly scan the news that could hit your wallet. Investigators are focusing on how a controlled slowdown in trading on the New ...
NEW YORK – Stocks plunged around the world Tuesday as fears spread that Europe’s attempt to contain Greece’s debt crisis would fail. The euro fell to its lowest point against the dollar in a year. The Dow Jones industrial average lost 225 points, its biggest drop in three months. The ...
NEW YORK – The Dow Jones industrial average extended its push past 11,000 Tuesday after expectations grew that stronger corporate earnings would signal that a recovery is on track. Stocks fell in early trading after quarterly results from aluminum producer Alcoa Inc. missed expectations. Major indexes later poked higher as ...
China on Tuesday warned the US not to label it as a currency manipulator and said its exchange rate policy was not to blame for a ballooning trade imbalance with the US. In a statement, China’s foreign ministry said, ‘The yuan exchange rate is not the reason for the trade ...
GUINNESS Peat Group’s executive director, Gary Weiss, is in full salesman mode. The 56-year-old longtime ally of the reclusive corporate raider Ron Brierley says investors just don’t appreciate the true value of GPG’s business. Seated in his Sydney office this week, Weiss pulls out a chart he has created, showing ...
FURTHER examination of statements made during the travails of the Allco Finance Group (AFG) in early 2008 casts doubt on a response that was made to an ASX query. AFG’s share price collapsed in late 2007, falling from $10 in October to around $2.85 by late December. The wheels started ...
NEW YORK – Investors are starting to believe that the stock market is on the verge of another big rally. The Dow Jones industrials rose almost 103 points Tuesday, their biggest gain in more than two weeks. The day’s economic news was tepid as the National Association of Realtors reported ...
At least three proposed class-action lawsuits filed by Toyota investors say the company gave false initial assurances that the sudden acceleration problem was a simple matter of floor mats trapping gas pedals, helping prop up the stock price. The shareholder cases are part of an avalanche of potentially costly lawsuits ...
Joseph Casias has been legally using medical marijuana to deal with the gnawing pain caused by sinus cancer and an inoperable brain tumor pressing against his skull. He says he never used it when he was on duty as an associate at a Wal-Mart in Battle Creek, Mich, and he ...
A $1 BILLION scheme that allows patients with mental health problems to be treated by a psychologist under Medicare is facing a crisis, with six clinical psychologists quitting their peak body in a row over standards. The six academics and clinicians accuse the Australian Psychological Society of self-interest in defending ...
IMF chief Dominique Strauss-Kahn said forcing South Africa’s currency, the rand to weaken would be a very shortsighted move for the country to make. His comments come amid a heated debate on the rand’s strength. There have been mounting calls from trade unions and some business leaders to weaken the ...
PRIMARY Health Care has taken Federal Court action against the Australian General Practitioners Network to prevent the network’s use of the name Primary Health Care. Primary lodged papers with the court yesterday. It said AGPN and its various divisions “recently applied for trademarks, and registered business and company names, which ...
NEW YORK – The actress Lindsay Lohan has sued E*Trade Financial Corp for $100 million, saying a “milkaholic” baby girl who appeared in a recent commercial was modeled after her. Lohan alleged that the online brokerage’s use of the girl, also named Lindsay, in the ad improperly invoked her “likeness, ...
