Business and Finance News

Chavez nationalises Venezuelan steel
The Turkey News.Net
Venezuelan President Hugo Chavez has nationalised the country's largest steel company.
Big banks merge in Australia
The Turkey News.Net
In Australia, two large banks, St George Bank and Westpac, say they have agreed to the key terms of their proposed AUD$18.6 billion merger.
New luxury marina for London via the Gulf
The Turkey News.Net
Gulf property developers are planning to build luxury island resorts in England, complete with marinas, theatres, an opera house and housing.
Dubai generating massive waste
The Turkey News.Net
Construction and demolition waste generated in Dubai has registered a record 163 percent growth.
Bahrain sells cheap fares to India
The Turkey News.Net
Bahrain Air's maiden flight from Kerala in India is set to take off from Cochin International Airport to Bahrain on May 26th.
China Eastern cancels flights due to earthquake
The Turkey News.Net
China Eastern Airlines had to cancel all flights to the southwestern Sichuan provincial capital of Chengdu on Monday, after an earthquake hit the region.
IPhone announces Australian servers
The Turkey News.Net
Australian phone provider, Optus has announced that it will become the second mobile phone carrier in Australia to sell the iPhone.
Plastic bags becoming unpopular in China
The Turkey News.Net
Plastic-bag standards are going into effect in China.
Arab investor pulls out of deal with Austrian Airlines
The Turkey News.Net
Austrian Airlines and a Saudi investor have gone their separate ways after having talks about a stake in the airline.
Hugo Chavez buys more weapons from China
The Turkey News.Net
Venezuelan President Hugo Chavez has contracted to buy Chinese military training planes, expanding recent arms purchases and cementing ties.
Cash is king on Wall Street
CNN Money
HP's deal for EDS is a sign that companies sitting on a lot of cash are ready to put some of their money to work...and that's a good omen for the markets.
Your PCs just turned into mini Hubble telescopes, thanks to Microsoft
The Turkey News.Net
Canberra, : Microsoft has launched a free downloadable software that can turn any computer into mini Hubble telescopes capable of displaying high resolution images of millions of stars, planets and other celestial bodies.
Hewlett-Packard in 13.9-billion-dollar deal for EDS
Earth Times
New York - US personal computer giant Hewlett-Packard has reached a deal to buy Electronic Data Systems Corp. for 13.9 billion dollars, the two companies disclosed Tuesday. In a joint...
Bally Technologies triples earnings for Q3
Rolling Good Times
Gaming Wire - Bally Technologies said Monday revenues from its systems division helped it more than triple quarterly earnings from a year ago. The...
CPI Aerostructures sees sales, profits soar
Newsday
Long Island 's last remaining builders of spare parts for aircraft, said Tuesday sales rose 42 percent in the first quarter, compared to the same period last year, and that profits increased too. ...
Microsoft Offers SMBs Bundled Solutions
eWeek
Microsoft wants to help small companies run their businesses more efficiently. But that efficiency is going to come at a price. The software giant on unveiled Windows Essential Server...
Retail sales slipped in April
MSNBC
Consumers, battling soaring gasoline prices and a slumping economy, cut back further on their spending in April.The Commerce Department reported Tuesday that retail sales dipped 0.2...
Coca-Cola clams up about Egyptian confiscation
Spero News
A Coca Cola spokeswoman refused to hear questions about confiscation of a family's assets in Egypt. The Bigio family are seeking compensation from the giant corporation for assets seized by Egypt and...
Median home prices drop in many cities
San Diego Union-Tribune
WASHINGTON &#8211; Median home prices fell in two-thirds of the cities surveyed during the first three months of this year, a real estate trade group reported Tuesday. The National Association of...
Airbus announces new delays to A380
San Diego Union-Tribune
PARIS &#8211; Airbus on Tuesday announced new delays on deliveries of the superjumbo A380, already almost two years late, saying the company is behind schedule switching to automated production. ...
Companies Bypass Microsoft Vista
Newser
... newser) – Companies like General Motors and Alaska Airlines are considering bypassing Microsoft&rsquo;s latest operating system. Facing problems getting Vista to work on its computers, GM may...
What Microsoft will do next
CNN Money
The last time Microsoft walked away from a major acquisition was more than a decade ago. It was 1995 and a $2 billion bid to buy financial software company Intuit fell apart under scrutiny from the...
Business inventories post weak gain in March
San Diego Union-Tribune
WASHINGTON &#8211; Businesses added to their stockpiles in March by the smallest amount in a year, another indication of a weakening economy. The Commerce Department reported Tuesday that business...

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