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FINANCE
Today's Business Headlines
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Imports slow second-quarter growth
July 30th, 2010, 9:32 am
WASHINGTON (Reuters) - Economic growth slowed in the second quarter as a capital investment drive by businesses sucked in imports at the fastest pace since the first quarter of 1984. Gross domestic product expanded at a 2.4 percent annual rate, the Commerce Department said in its first estimate on ...
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Customers are far more likely to purchase a product or service if they feel valued by the person selling it. Underappreciated customers will look elsewhere to make their purchase. Reach out to your customers and make sure they know how important they are to you. Give them the opportunity to meet ...
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LOS ANGELES (Reuters) - Walt Disney Co has agreed to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and a star-studded cast of ...
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The move may give Chief Executive Mark Zuckerberg more time to gain users and boost sales, but Zuckerberg could still push for a stock sale at any time, the agency said. Jonathan Thaw, a spokesman for Facebook, declined to comment, Bloomberg said. Facebook could not immediately be reached for ...
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SAN FRANCISCO (Reuters) - Google Inc said its earlier report that Internet search services in China were being fully blocked could have been the result of a technical glitch that overstated the problem. Google shares pared losses to 1 percent from a 1.6 percent decline earlier on Thursday after ...
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The lawsuits filed in the U.S. bankruptcy court in Manhattan collectively seek to recover more than $30 million, and are the latest effort by the trustee Irving Picard to recoup assets to be distributed to victims of Madoff's estimated $65 billion Ponzi scheme. One of the cases was filed against a ...
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WASHINGTON (Reuters) - Senate Republicans blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment. Tempers ran high as Democratic leaders failed to muster the 60 votes needed to ...
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BOISE, Idaho (Reuters) - More than 2,000 miles from the Gulf of Mexico shoreline, a panel of U.S. judges heard arguments from lawyers on Thursday on how piles of oil spill-related lawsuits against BP Plc should be merged. The panel, meeting in Boise, Idaho, as part of its regularly scheduled ...
NEW YORK (Reuters) - New York's attorney general has subpoenaed MetLife Inc and Prudential Financial Inc as part of a probe into whether life insurers are defrauding families of deceased military personnel by siphoning off millions of dollars of death benefits for themselves. "It is shocking ...
TeleNav said it expects any extended agreement would lead to declines in average revenue per user and significant reductions in total revenue from Sprint Nextel Corp, despite a likely rise in the number of subscribers. TeleNav got 61 percent of its revenue from Sprint in 2009.