Business and Finance News
 Chinese cars to be built in US
Knoxville News.Net
The Los Angeles Business Journal has reported that Chinese car maker BYD may build an assembly plant in Los Angeles County.
Eurotunnel results show a profit
Knoxville News.Net
Eurotunnel has announced a profit of 1.4 million euros for last year, despite the weather, a fire in the tunnel and poor economic conditions.
 U.S. stocks creep higher
Knoxville News.Net
U.S. stocks made narrow advances Tuesday, as traders remained cautious on the economy.
 Chinese passenger cars in strong demand
Knoxville News.Net
Chinese passenger car sales have climbed 55 percent from February 2009, with strong demand for smaller cars and four wheel drive vehicles.
US stocks gain on financial firms
Knoxville News.Net
Major US stock indices posted mild gains Tuesday, led by troubled financial firms bailed out by the US government in the past year.
At Polaris, can green be gold?
Star Tribune
Except for the sound of tires rolling on the ground, the latest generation of Polaris all-terrain vehicles moves almost silently across a snowy field. Powered by an electric battery instead of a gaso...
Ceelox' CEO Speaks to Wall Street Transcript
Market Wire
TAMPA, FL--(Marketwire - March 10, 2010) - Ceelox, Inc.'s ("Ceelox"), CEO, Gerry Euston, was interviewed by Wall Street Transcript. Ceelox is a biometric software security company offering identity au...
Earnings Watch: Updates, advisories and surprises
MarketWatch
+2.08% ) said Wednesday that it earned $59 million, or 28 cents a share in the fourth-quarter compared to $33 million, or 16 cents a share, in the year-ago period. Sales were $972 million compared t...
FSA to impose stricter 'stress tests'
Guardian
Lord Adair Turner, the chairman of the Financial Services Authority, unveiled the regulator's financial risk outlook for 2010. Photograph: Martin Argles Britain's biggest banks are being subjected t...
Charles Allen to run EMI music business
Guardian
after just 18 months with the firm . His departure comes at a critical time for EMI, as the cash-strapped business puts the finishing touches to a new business plan which its
Bernstein Said to Hire Zanardo for Bank Research
Business Week
March 10 (Bloomberg) -- Sanford C. Bernstein & Co. hired Keefe, Bruyette & Woods’ analyst Marcello Zanardo to head its European banking equity research team in London, according to two p...
Gates in Riyadh to Show Iran the Region Closing Ranks
Business Week
March 10 (Bloomberg) -- U.S. Defense Secretary Robert Gates arrived in Saudi Arabia on a mission to show officials in Tehran that their neighbors in the region are closing ranks in opposition to Iran&...
Check your bank's financial health
MSNBC
The number of banks with risky levels of bad loans rose only slightly in the last quarter of 2009, partly because the FDIC closed so many failing banks, according to federal data analyzed by the
Stock futures flat ahead of economic reports
MSNBC
A market surge that began a year ago appears to have run out of steam recently. Traders are no longer looking for just anecdotal evidence that a recession is easing like they were last year. Now they ...
Guns and retail are a no-win mix
MSNBC
Weight Watchers: Eat McD's, lose weight Some businesses are taking a stand, even if it costs them customers. California Pizza Kitchen and Peet's Coffee & Tea banned customers with guns after open-...
BofA to end all overdraft fees on debit cards
MSNBC
NEW YORK - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations li...
Airlines offer to give up slots
BBC
British Airways, American Airlines and Iberia have offered to give up slots at airports in London and New York, say regulators at the European Commission.The three Oneworld alliance members will be ho...
Open Road: Google Street View Goes UK-Wide
Sky News
Motorists, cyclists and pedestrians will be able to cruise almost every inch of Britain from the comfort of their own laptop when Google extends its street-level imaging service this week.
American Eagle Outfitters earnings higher
Market Watch
+2.08% ) said Wednesday that it earned $59 million, or 28 cents a share in the fourth-quarter compared to $33 million, or 16 cents a share, in the year-ago period. Sales were $972 million compared t...
Metropolitan sees lower earnings
Business Report
Submit your comment Metropolitan Holdings Financial Services Group on Wednesday reported diluted core headline earnings per share for the year ended December 2009 of 141 cents per share, a decline of ...
Economists Trim Forecasts for 2011 US Growth
Fox Business
U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday...
B. Of A. To End Debit Overdraft Fee:reports
Fox Business
NEW YORK--Bank of America Corp (BAC) is expected to say on Wednesday that it is eliminating overdraft fees on debit card purchases, according to published reports. The Wall Street Journal reported W...
Home Loan Demand Nudges Higher in Latest Week
Fox Business
U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
J.P. Morgan Cuts Chevron To Neutral From Buy
Fox Business
NEW YORK -- J.P. Morgan analyst Doug Leggate on Wednesday cut his rating on Chevron to neutral from buy and set a price target of $90 a share for the stock. The oil giant's meeting with Wall Street a...
Children's Place Profit Dips 12%
Fox Business
NEW YORK -- The Children's Place Retail Stores Inc. said Wednesday its fourth-quarter net income fell to $34.1 million, or $1.23 a share, from $38.8 million, or $1.31 a share, in the year-ago period....
OPEC Raises World Oil Demand Forecast For 2010
Fox Business
FRANKFURT -- The Organization of the Petroleum Exporting Countries said Wednesday it raised its forecast for global oil demand this year. In its monthly oil report, OPEC said it now expects world oil...
Abbott Wins OK For Cataract Lens Implant
Fox Business
NEW YORK -- Abbott Laboratories said Wednesday it received U.S. Food and Drug Administration approval for the Tecnis Multifocal 1-Piece intraocular lens for cataract patients with and without presbyo...
Futures, in Quiet Session, Trade in Tight Range
Fox Business
There's No Business Like FOX Business Stock futures were pointing toward light gains early Wednesday, in what is expected to be a quiet session for stocks. As of 8:25 a.m. in New York, the Dow Jones...
Earnings: Advocat refocusing amid falling profits
Business Journal
Higher occupancy rates helped push revenue to $76.1 million for the fourth quarter, an increase of 2.9 percent over the same period a year earlier. But a 1 percent cut in Medicare rates that took effe...
GDP seen slowing, tying Fed hands on rates
Reuters
The Fed funds rate is currently set in a range of zero to 0.25 percent, and the median forecast from respondents see a rise to 0.75 percent between October and December.
Blue chips' ties to pay advisers under spotlight
Reuters
New rules are forcing blue-chip companies to expose ties with their compensation consultants by making public business relationships, including how much they pay the advisers -- putting potential conf...
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