Arcive of financial news
Fast food retailing history is being made on the University at Buffalo campus.
For the first time, Tim Hortons will be opening on-campus locations in the U.S. and the University at Buffalo was selected as the premiere sites. Two outlets will be in business as of Wednesday, located in UB's Student Union and […]
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China will slow the pace of the yuan's gains as the government seeks to bolster economic growth, said Li Daokui, a researcher at Tsinghua University who attended a meeting hosted by President Hu Jintao last week.
“Fast yuan gains attracted inflows of speculative funds, which not only fuel inflation but also may exit on […]
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Australian sales of newly built homes rose in June as record immigration stoked demand for property even as living costs increased.
Sales of homes advanced 4 percent from May, the Housing Industry Association said in a report e-mailed to Bloomberg News today. Detached house sales gained 2.6 percent and sales of apartments surged 15.5 […]
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Italian business confidence fell to its lowest in seven years in July as rising oil costs and a stronger euro hurt prospects for economic growth.
The Isae Institute's business confidence index dropped to 83.5 from a revised 86.7 in June the Rome-based research center said today. That's the lowest since October 2001 and less […]
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The opening of Waikiki Nei at Royal Hawaiian Center has been postponed for a third time.
The producers of the theatrical production said it has decided to delay the opening until Aug. 5, citing technical difficulties from the flooding that occurred earlier this month.
For more information visit www.waikikinei.com.
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Treasury Secretary Henry Paulson predicted the Bush administration will prevail in its effort to convince Congress to pass legislation that would allow the government to rescue Fannie Mae and Freddie Mac.
“I'm very optimistic that we're going to get what we need from Congress,'' Paulson said on the CBS News “Face the Nation'' program. […]
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PNC Financial Services Group Inc., Pittsburgh's largest bank, reported second quarter net income of $505 million or $1.45 per diluted share, a 19 percent increase over the same period in 2007 with net income of $423 million or $1.22 per share.
Revenue increased 19 percent to $2.04 billion, beating average analysts' predictions of $1.94 […]
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Construction of U.S. office and retail buildings is poised to fall for the rest of this year and through 2009 on lower demand from tenants, stricter lending standards and rising building costs, the American Institute of Architects said.
Office-building construction likely will drop 3.7 percent this year and 12.3 percent in 2009, the Washington-based […]
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The men’s and women’s clothing store chain Steve & Barry’s will soon file for Chapter 11 bankruptcy protection, according to a report in the Wall Street Journal.
Port Washington, N.Y.-based Steve & Barry’s has more than 270 stores across the nation, including one that opened in early 2008 in Birmingham.
The Wall […]
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Australia's home-loan approvals probably declined for a fourth straight month in May, adding to signs that interest-rate increases are slowing the economy.
The number of loans granted to people to build or buy homes or apartments fell 2 percent from May, when they dropped 3 percent, according to the median estimate of 21 economists […]
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