AGL to built second wind farm
AGL Energy Limited on Monday announced to build another wind farm at South Australia costing $166 million.
ChemChina to acquire Nufarm
Nufarm said on Monday that it has received an acquisition proposal from China National Chemical Corporation (ChemChina) for $2.75 billion.
Banks tighter with loans in last three months: survey
Banks were more tight-fisted when lending money to businesses and households during the last three months as demand for loans dropped, according to a new survey.
Citigroup Debuts On Tokyo Stock Exchange
Tokyo-Citigroup Inc. on Monday debuted on the first section of the Tokyo Stock Exchange opening at 4,580 yen, 250 yen higher than the value calculated from closing price from the New York Stock Exchange.
EADS to fight additional costs due to delays
EADS, parent company of European aircraft maker Airbus, expects further costs of around 1.4 billion euros and a delay of at least 6 months.
AT&T acquires Interwise
AT&T announced on Friday the completion of the acquisition of Interwise, a leading global provider of Internet Protocol (IP) based voice, web and video conferencing services.
Google unveils new mobile phone software
Web giant Google today unveiled software that will become the operating system for a variety of future mobile phone handsets.
Rate cuts not a bailout for financial markets, says Fed's Mishkin
Federal Reserve Governor Frederic Mishkin argued on Monday that his decisions to vote for recent cuts in the Fed's key benchmark lending rate were meant to help the overall economy, not a bail out of financial markets.
PetroChina tops $1 trillion market cap in debut
PetroChina Co. shares more than doubled in their Shanghai debut Monday, giving the oil giant a $1 trillion market capitalization and easily surpassing Exxon Mobil as the world's largest company.
Wall Street falls with Citi
Stocks fell on Monday after Citigroup's warning of billions more in loan losses compounded fears that the credit crunch could get worse.
The news sparked a sell-off in shares of other financial companies as investors questioned which among them would be the next to reveal damage from the meltdown in the U.S. housing and subprime mortgage markets.
Banks face long haul in subprime cleanup
As global banks report larger and larger losses it's becoming apparent the the subprime mess will be around longer than expected.
Parsons to hand Time Warner CEO job to Bewkes
Time Warner Inc said on Monday Chief Executive Richard Parsons will step down on January 1 and be replaced by Chief Operating Officer Jeffrey Bewkes, stoking expectations that big changes lie ahead for the world's largest media company.
U.S. service industries show surprising growth in October
U.S. service industries, representing about 80 percent of the nation’s economy, grew faster than expected in October, with increasing numbers of orders, according to a survey of purchasing and supply executives.
Google to enter mobile phone market with software
Google Inc on Monday spelled out long-rumored plans to enter the mobile phone market in 2008 by building software that could help the industry make the Internet run more easily on phones.
South Africa suspends 2010 world cup ICT team
The South Africa government on Friday suspended the team that was representing the Information and Communication Technology (ICT) sector in the planning process for the 2010 soccer world cup.
Pakistan says to hold election by January
The Pakistani government said on Monday it would hold a national election by mid-January, as it came under pressure from the United States for imposing emergency rule and detaining lawyers and opposition politicians.
Italy police arrest mafia boss of bosses
Salvatore Lo Piccolo, who magistrates believe is the Sicilian Mafia's new boss of bosses, was arrested on Monday after nearly a quarter of a century on the run, police said.
Microsoft and ESPN are teammates for Xbox Live
ESPN has signed a deal to bring full-length games and TV shows to Xbox Live, the online entertainment network for Microsoft's Xbox 360.
Double-digit California home price drop seen
California faces a double-digit fall in housing prices over the next year and a half, a major builder, a lender and the state treasurer said on Monday in a discussion of how long the subprime mortgage crisis would drag on the Golden State.
Hoteliers build to lure free-spending Asians abroad
Global hoteliers are riding a building boom in Asia, and using plush new hotels as giant, living advertisements to lure newly rich Chinese and Indians to their U.S. and European properties.
Qatar fund ditches $22 bln bid for UK's Sainsbury
A Qatari fund has ditched plans for a 10.6 billion-pound ($22 billion) bid for British retailer J Sainsbury, blaming worsening credit markets and the cost of winning support from the firm's pension trustees.
Wall Street cringes as Citi revives fears
Fear and mistrust gripped Wall Street on Monday after Citigroup's CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage market a $1 trillion problem.
Floods kill 46 in Vietnam, Typhoon Peipah nears
Floods have killed at least 46 people in central Vietnam in the last 10 days and a typhoon making its way across the South China Sea is forecast to dump more rain this week, reports said on Monday.
UK, France preach calm after Citi bombshell
Britain and France rushed to offer reassurance on Monday that their economies and banking systems would ride out global credit turmoil after Citigroup said it could write off $11 billion of subprime mortgage losses.
U.S. reviews financial aid to Pakistan
U.S. Secretary of State Condoleezza Rice said on Sunday the United States would review billions of dollars in financial aid to ally Pakistan after President Pervez Musharraf declared emergency rule.
Bush tries to avert Turkish incursion into Iraq
President George W. Bush, facing Turkish threats of a military incursion into Iraq to root out Kurdish rebels, will assure Turkey's prime minister on Monday he is committed to helping to combat the militants.
Citigroup up in Tokyo debut after CEO quits
Shares in Citigroup Inc rose 5 percent in their debut on the Tokyo Stock Exchange on Monday, a day after the U.S. bank's head resigned to take responsibility for spiraling losses on subprime-related investments.
MySpace, others, showcase targeted Web advertising
As investors bet on the future of social networks, some of the biggest players in the field are due to unveil this week ways of piping in advertising to the most personal of media formats.
RIM launches software aimed at smaller firms
BlackBerry maker Research In Motion Ltd is rolling out a professional software package aimed at small and medium businesses with up to 30 wireless users, the company said on Monday.
Hackers spark new protests vs video game Manhunt 2
Family groups renewed calls on Friday to clamp down on video game Manhunt 2 after hackers accessed scenes of bloody killings that were scaled back to let the game go on sale in the United States.