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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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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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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Arizona Public Service Co. is offering rebates for residential customers who switch to high-efficiency air conditioners and heat pumps.
The company has put aside $1.5 million for the rebate program, which would allow for up to a $500 rebate per unit if done through an APS-qualified contractor.
The move is part of a […]
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Representatives from about 100 countries will meet tomorrow in Stockholm to discuss Iraq's economic and political stability as provincial elections threaten to undermine security gains.
In talks with U.S. Secretary of State Condoleezza Rice and others, Iraqi Prime Minister Nuri al-Maliki will emphasize economic achievements, steps toward national reconciliation and improved security, his government […]
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Home Depot posted a 66% drop in quarterly profit Tuesday, as it paid to close stores and cut back on expansion plans amid the housing slump, although the results topped analysts’ forecasts.
The world’s largest home improvement retailer said its net income fell to $356 million, or 21 cents per share, from $1.05 billion, or […]
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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. […]
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The U.S. Federal Reserve is expected to put an exclamation point on its string of interest- rate cuts with a small reduction this week and may signal that its rate-cutting cycle is done for now.
Rising global inflation and the Fed’s hope that a blend of monetary and fiscal stimulus will shore up the anemic […]
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The Joint Budget Committee (JBC) on Monday presented to legislators a $18.4 billion state budget bill that recommends increases for health care and education funding.
Under the proposed budget, public schools would get an additional $150 million in the 2008-09 fiscal year. Colleges and universities would receive $64 million more.
The state’s […]
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The Supreme Court on Monday handed Microsoft Corp. a defeat by refusing to rule on the software giant’s request to halt an antitrust suit against it.
The suit was brought in 2004 by Waltham, Mass.-based Novell Inc (NOVL)., which said in court papers that Microsoft "deliberately targeted and destroyed" its WordPerfect and QuattroPro programs in […]
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