Arcive of financial news
India's central bank unexpectedly ordered lenders to set aside more reserves for the second time in less than two weeks to tame runaway inflation.
The Reserve Bank of India raised its cash reserve ratio to 8.25 percent from 8 percent, according to a statement in Mumbai. Nineteen of 20 analysts surveyed by Bloomberg News […]
Filed under: online by Wolf
Comments Off
Struggling electronics retailer Circuit City Stores Inc. said Wednesday it swung to a fiscal fourth-quarter profit, as cost cutting offset lower sales for a period that included the bulk of the crucial holiday-shopping season.
Analysts had been expecting a loss for the December-February period on higher revenue. Circuit City shares climbed more than 10% in […]
Filed under: online by Wolf
Comments Off
Kentucky Gov. Steve Beshear has created a Task Force on Military Base Realignment to augment state preparations resulting from the 2005 Department of Defense Base Realignment and Closure recommendations.
"The 2005 BRAC Task Force did a good job outlining the needs to be addressed in order to take advantage of this great opportunity," […]
Filed under: online by Wolf
Comments Off
Spending by American consumers slowed in February and home sales continued to drop, signaling the biggest housing slump in a generation has brought the U.S. expansion to a halt, economists said before reports this week.
Spending was up 0.1 percent last month, the smallest gain in more than a year, according to the median […]
Filed under: online by Wolf
Comments Off
A German federal court on Friday ordered a new hearing of a claim for damages by DaimlerChrysler AG shareholders who maintain the company did not announce in proper time that former CEO Juergen Schrempp planned to step down.
A Stuttgart court rejected the claim in February 2007. It ruled that the July 2005 announcement had […]
Filed under: online by Wolf
Comments Off
The West Hawaii Regional Board of Directors of the Hawaii Health Systems Corp. announced Monday that Donald Lewis, CEO of Kona Community Hospital and Kohala Hospital has resigned.
Chief operating officer Earl Greenia will be interim CEO, effective April 1, the board said. Greenia will work with Lewis for six months to "ensure […]
Filed under: online by Wolf
Comments Off
The percentage of households that could afford to buy an entry-level home in California stood at 33 percent in the fourth quarter of 2007, compared with 25 percent for the same period a year ago, and Monterey was the least affordable individual county.
The California Association of Realtors said Tuesday its First-time Buyer […]
Filed under: online by Wolf
Comments Off
Hawaii's 2007 visitor arrivals would have fallen by about 7 percent if it wasn't for the state's booming cruise ship business.
Cruise passenger arrivals to Hawaii hit 501,000 last year, up 21 percent from 2006.
The state's official visitor arrival numbers, released last week, put 2007 arrivals at 7.36 million, down 1.2 […]
Filed under: online by Wolf
Comments Off
Merck and Schering-Plough said Friday that they object to mischaracterizations of a recent study that raised questions about the effectiveness of cholesterol drug Vytorin.
The companies are being sued in several states over allegations they misled consumers into thinking that Vytorin and the drug Zetia were more effective than generics. In a statement Friday, the […]
Filed under: online, technology, term by Wolf
Comments Off