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International Business News


U.S. stocks volatile on Obama health care proposal

The S&P 500 tracked Asian indices to open up higher, then reversed course dramatically after President Barack Obama's health care proposal was announced at 10:00 a.m in New York. followed by modest gains which have turned negative.

22/02/2010 01:14 PM

Judge OKs SEC/Bank of America $150 million accord

Bank of America Corp <BAC.N> on Monday won approval of a $150 million settlement with the U.S. Securities and Exchange Commission over the Merrill Lynch & Co merger, ending an embarrassing public battle between the largest U.S. bank and the nation's top securities regulator.

22/02/2010 12:56 PM

Campbell's soup sales fall 8 percent

Campbell Soup Co's <CPB.N> U.S. soup sales fell 8 percent during the usually strong late fall and winter months, raising analyst concerns about whether it will meet a lowered sales goal for the year.

22/02/2010 12:56 PM

Stocks edge lower as Fed outlook, Greece debt weighs

U.S. stocks fell on Monday as markets continue to assess the implications of the Federal Reserves' move to increase emergency borrowing rates for banks and Greece's debt issues remain unresolved.

22/02/2010 12:40 PM

Schlumberger sees gas drill growth in Smith deal

Schlumberger Ltd <SLB.N> said it expected to win a greater share of shale gas drilling with its planned acquisition of rival oilfield services company Smith International <SII.N>.

22/02/2010 12:40 PM

Modern Etiquette:How to decline Facebook friends without offence

A colleague I just met at work has invited me to be their friend on Facebook. I don't want to offend them, but nor do I want to share my candid photos and lousy Scrabble scores with someone I hardly know.

22/02/2010 12:24 PM

Lowe's results top view; sees higher 2010 sales

Lowe's Cos Inc <LOW.N> reported better-than-expected quarterly results on rising lumber prices and demand for appliances, and the No. 2 U.S. home improvement chain forecast a sales rise in 2010.

22/02/2010 12:24 PM

Grieving Rochette puts on brave face

A grieving Joannie Rochette looked remarkably composed on Sunday when she turned up for a training session just seven hours after being informed that her mother had died suddenly.

22/02/2010 12:22 PM

Obama seeks federal oversight of health care insurance rates

Ahead of a televised health care reform discussion among Washington's top politicians on Thursday, the White House today proposed creating a new Health Rate Authority to help investigate "unreasonable rate increases."

22/02/2010 12:15 PM

Bloom Energy changes future of energy with 'Bloom Box' (VIDEO)

Bloom Energy, a San Francisco based energy company, unveiled a ground breaking innovation on 60 Minutes last night, a little power plant-in-a-box that will power houses.

22/02/2010 12:13 PM

Kenyan cross country skier out of Games after illness

Kenya's only ski racer, Philip Boit, is back home without participating in his planned last Winter Olympics after falling ill in the United States.

22/02/2010 12:02 PM

Wust wins women's 1,500m gold

Ireen Wust of the Netherlands made up for a disappointing start to her Olympics by claiming Vancouver speedskating gold in the women's 1,500 meters at the Richmond Olympic Oval on Sunday.

22/02/2010 11:58 AM
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