Arcive of financial news
Steel prices could rise even higher after soaring almost 50 percent this year, as raw material costs continue to climb and global demand shows little sign of abating.
Steelmakers have steadily been raising prices, partly to benefit from a strong market after years of decline in the industry, and also to pass on spiraling […]
Filed under: online by Wolf
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The Hawaii Medical Service Association on Friday reported a $10 million loss for the first quarter of 2008.
The state's largest health insurer said it fell short of its breakeven point by 2.7 percent of dues revenue in the first quarter of this year, which continues to be outpaced by rising health-care costs. […]
Filed under: economics by Wolf
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Ohio Attorney General Marc Dann, crippled by a sexual harassment scandal surrounding his office and an admitted affair with a staff member, resigned Wednesday.
Dann, 46, made the announcement at the Ohio Statehouse shortly before 5 p.m., joined by Gov. Ted Strickland, who had called for his resignation just over a week before. […]
Filed under: management by Wolf
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Australian business confidence slumped in April to the lowest level since the September 2001 terrorist attacks in the U.S., adding to signs the nation's economy is slowing.
The business confidence index fell 4 points to minus 8 from March, according to a National Australia Bank Ltd. survey of about 500 companies released in Melbourne […]
Filed under: marketing by Wolf
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Horizon Lines has increased its fuel surcharge by 1.5 percentage points for Hawaii and Guam.
The increase to 35.25 percent goes into effect June 8, the company said Friday.
Horizon, Hawaii’s second-largest shipper, said the fuel surcharge adjustment is the result of "unprecedented levels of the cost of fuel" with "no immediate relief […]
Filed under: money by Wolf
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China's inflation probably stayed near the highest level in more than 11 years, highlighting the government's challenge of dousing prices without triggering a slump in the economy.
The consumer price index rose 8.2 percent in April from a year earlier, according to the median estimate of 22 economists in a Bloomberg News survey, after […]
Filed under: business by Wolf
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Officials with United Auto Workers Local 31 and General Motors Corp. resumed negotiations around 8:30 a.m. Tuesday at GM's Fairfax Assembly plant, Local 31 President Jeff Manning said.
The talks concluded before 5 p.m. Tuesday, a union spokeswoman said. Manning said talks are expected to resume Wednesday morning, but he didn't know what […]
Filed under: technology by Wolf
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The percentage of homeowners who refinanced with a Freddie Mac-owned loan in the first quarter of 2008 and received mortgages with loan amounts higher than their original mortgages, fell to the lowest levels since early 2004.
New figures show that 56% of homeowners with Freddie Mac (FRE, Fortune 500) owned loans received more than $29 […]
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Nearly 71/2 months after its chief executive said there were no plans to cut the number of its core retail stores, The Home Depot Inc. announced Thursday that it is shuttering 15 of them amid a slumping U.S. economy and housing market. The move will affect 1,300 employees.
Home Depot also says that it has […]
Filed under: online by Wolf
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A 26-acre mixed-use development will soon target Dallas' Latino population with a sports and entertainment complex, plus substantial retail and residential components.
The development, called Foro Dallas, will built at Interstate 35 and Regal Row. The project will include La Plazita Sports & Entertainment, an 8-acre area set aside for sporting events and […]
Filed under: business by Wolf
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