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Exxon profits fall 23% in fourth quarter

ExxonMobil, the world's largest listed western energy group, on Monday followed the industry trend, as it reported a 23 per cent drop in fourth-quarter earnings on lower refining margins, even as its production increased nearly 2 per cent.

2 2010 | Viewed: 715 | News / Theme of day | Read full
M Stanley to recruit hundreds of traders

Morgan Stanley plans to boost its underperforming securities business by hiring several hundred traders over the next few years in an effort to close the gap with Wall Street rivals, according to James Gorman, the new chief executive.

2 2010 | Viewed: 715 | News / Theme of day | Read full
Obama unveils US budget plans

President Barack Obama on Monday unveiled budget plans that would reduce the US government deficit from 10.6 per cent of gross domestic product in 2010 to below 4 per cent by 2014.

2 2010 | Viewed: 630 | News / Theme of day | Read full
FT appeal for literacy charity raises $4.3m

The Financial Times' seasonal appeal on behalf of the charity Room to Read, which supports child literacy in the developing world, has raised $4,330,758 (2,689,833, €3,092,710).

1 2010 | Viewed: 568 | News / Theme of day | Read full
EU call for Greece to cut public sector pay

Greece will be told this week to cut public sector wages and improve tax collection under a European Union initiative to prevent its financial troubles from destabilising the eurozone.

1 2010 | Viewed: 612 | News / Theme of day | Read full
WAP-Version of System on Management and Control over Subscribers Account (ICSA) Becomes Accessible for First Time in Kazakhstan

February 1st, 2010, Almaty. Leading cellular operator - GSM Kazakhstan/Kcell Company launched WAP version of the "Subscriber's Internet Cashing System Agreement" service for Activ subscribers.

1 2010 | Viewed: 750 | News / Theme of day | Read full
Bankers in favour of paying global fee

Some of the world's most prominent bankers have come out in favour of a global bank wind-down fund, a concession from the industry after weeks of fighting proposals for new taxes in the US and Europe.

30 2010 | Viewed: 613 | News / Theme of day | Read full
Paulson claims Russia tried to foment Fannie-Freddie crisis

Russia proposed to China that the two nations should sell Fannie Mae and Freddie Mac bonds in 2008 to force the US government to bail out the giant mortgage-finance companies, former US Treasury secretary Hank Paulson has claimed.

30 2010 | Viewed: 709 | News / Theme of day | Read full
Samsung takes top spot from HP

Samsung Electronics has overtaken Hewlett-Packard as the world's biggest technology company by sales, a sign of how strongly some South Korean companies have bounced back from the economic downturn.

29 2010 | Viewed: 701 | News / Theme of day | Read full
Senate backs Bernanke for second term at Fed

WASHINGTON (Reuters) - The U.S. Senate on Thursday backed Ben Bernanke for a second four-year term running the Federal Reserve, the world's most powerful central bank, despite deep misgivings over his perceived policy missteps.

29 2010 | Viewed: 569 | News / Theme of day | Read full
Microsoft profit beats on strong Windows 7 sales

SEATTLE (Reuters) - Microsoft Corp posted a bigger-than-expected 60 percent jump in quarterly profit, helped by strong sales of Windows 7, and said it expected business technology spending to recover this year.

29 2010 | Viewed: 695 | News / Theme of day | Read full
Obama pledges renewed focus on jobs

President Barack Obama declared that creating jobs would be his "number one focus" this year, delivering a rousing inaugural State of the Union address on Wednesday night in which he pledged to right the economy and continue pushing for healthcare and financial sector reform.

28 2010 | Viewed: 641 | News / Theme of day | Read full
Obama pushes jobs, vows to fight on after tough year

WASHINGTON (Reuters) - President Barack Obama pushed job creation to the top of his agenda on Wednesday and vowed not to abandon his struggling healthcare overhaul after a political setback that raised doubts about his leadership.

28 2010 | Viewed: 621 | News / Theme of day | Read full
Sales shutdown rocks Toyota, recall broadens

DETROIT (Reuters) - Toyota Motor Corp shut down sales of its best-selling vehicles on Wednesday under pressure from the Obama administration to address a product safety crisis that threatens its image in its largest market.

28 2010 | Viewed: 721 | News / Theme of day | Read full
Embattled Obama declares in speech, 'I don't quit'

WASHINGTON - Declaring "I don't quit," President Barack Obama fought to recharge his embattled presidency with a State of the Union vow to get jobless millions back to work and stand on the side of Americans angry at Wall Street greed and Washington bickering. Defiant despite stinging setbacks, he said he would fight on for ambitious overhauls of health care, energy and education.

28 2010 | Viewed: 635 | News / Theme of day | Read full
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