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Detroit Files For Bankruptcy Protection

Detroit Files For Bankruptcy Protection

Detroit, the symbol of US industrial might, has become the biggest U.S. city to file for bankruptcy.¬†Once the global headquarters of auto industry that was home to the Big Three (General Motors, Ford, and Chrysler), the city filed for bankruptcy protection after piling up a debt of $18.5 billion. The famed city became the largest […]

Role Of Small Business In The 21st Century

Role Of Small Business In The 21st Century

In today’s business environment, technological innovations have provided new and varied tools for small businesses to find and interact with potential customers in limitless ways. A staggering new array of tools and resources has been brought in the century that has completely changed the very fabric of business as we know it. This is one […]

How Big Will The Emerging Markets Get?

How Big Will The Emerging Markets Get?

In the recent few years, the accelerating shift in economic power to emerging economies from developed economies is dramatically changing the global industries across the world. This is evident from the fact that while the developed economies of the world are facing the brunt of financial crisis and recession these days, emerging economies including Brazil, […]

Greek Parties Delay Bailout Talks

Greek Parties Delay Bailout Talks

On Tuesday, Greek political parties delayed yet again making the tough choice of accepting painful reforms in return for a new international bailout, The bailout is required for avoiding a chaotic default and Greek parties were seemingly deaf to EU warnings that the euro zone can live without Athens. Leaders of the three parties in […]

Disney Earnings Beat Expectations

Disney Earnings Beat Expectations

The quarterly revenue of Walt Disney Co fell short of Wall Street‘s expectations but profit grew at a faster-than-expected 12 percent clip as media networks and theme parks were able to hold strong in an uncertain economy. After trading hours, Disney shares fell 1.8 percent to $40.28. The results came a day after news broke […]

Geithner To Urge Europe Leaders For Action

Geithner To Urge Europe Leaders For Action

Treasury Secretary Timothy Geithner is all set to urge key officials of Europe to take decisive action next week at a make-or-break summit for preventing a debt crisis from turning into runaway contagion. Treasury announced Geithner would be meeting French President Nicolas Sarkozy, new Italian Prime Minister Mario Monti, and Spanish Prime Minister-elect Mariano Rajoy […]

Gold heads for biggest weekly gain

Gold heads for biggest weekly gain

On Friday, gold headed for its biggest weekly gain in a month as equities regained strength after fresh European efforts to resolve the debt crisis eased worries about a global recession. Gold gained 1 percent to reach an intraday high of $1,665.99 an ounce and stood at $1,659.10 by 0648 GMT, up $9.75, bullion hit […]

Kingfisher Airlines Working To Reduce Interest Costs

Kingfisher Airlines Working To Reduce Interest Costs

Kingfisher Airlines is working with a consortium of banks for further cutting down interest rates and raising working capital as the carrier looks to restructure its fleet by selling and leasing back some of its aircraft to lower debt, its chairman Vijay Mallya said. In a speech at the airline’s annual shareholders’ meeting on Wednesday, […]

India’s Growing Commercial Vehicle Market To Be Tapped By Nissan-Leyland JV

India’s Growing Commercial Vehicle Market To Be Tapped By Nissan-Leyland JV

India’s second largest commercial vehicle maker, Ashok Leyland, said it expects its joint venture with Nissan Motors of Japan to sell 55,000 light commercial vehicles in the first year of sale, following a launch recently. The demand for LCVs (Light commercial vehicles) in India is on the rise. From in.finance.yahoo.com: Light commercial vehicle sales in […]

World Stocks Mixed Ahead Of Fed Outcome

World Stocks Mixed Ahead Of Fed Outcome

European shares slipped and most Asian stock markets posted gains on Wednesday as jittery investors fearful of a European debt implosion looked to the Federal Reserve to announce measures to jolt the U.S. economy. The dollar rose against the euro and was stable against the yen, while benchmark oil hovered below $87 a barrel. From […]