Business and Finance News

Austrian court convicts nine bank fraudsters
Jakarta News.Net
Nine people have been convicted of criminal charges in a major Austrian bank fraud case.
Inflation rate blows out in Iran
Jakarta News.Net
Iran's inflation rate, which has provoked intense criticism of the government, reached 26 percent in June.
Air India applies to fly polar route
Jakarta News.Net
Air India intends using the polar routes for long haul operations.
Indian brothers facing fraud charges
Jakarta News.Net
Narendra Rastogi, an Indian man accused of fraud, has been extradited back to his homeland from the US.
Pringles not potatoes says judge
Jakarta News.Net
A High Court judge in London has ruled that Pringles, the tubed snack food, are not potato crisps.
Credit Mutuel of France bids for Citigroup
Jakarta News.Net
Credit Mutuel of France has bid for the German retail banking activities of US giant Citigroup.
Rogue trader bank fined for carelessness
Jakarta News.Net
France's central bank has fined Societe Generale $6.3 million for shortcomings in its internal controls.
Mandela takes action against London gallery
Jakarta News.Net
Former South African president Nelson Mandela has decided to take legal action against an art gallery in London for selling sketches it says are his.
EU speeds up energy efficiencies
Jakarta News.Net
To ease the soaring cost of fossil fuels, EU ministers have promised to place energy efficiency at the heart of their goals on climate change.
Global equities tumble, U.S. markets closed
Jakarta News.Net
Stock markets around the world reeled on Friday with the heaviest falls in Europe.
Making Water From Thin Air
Wired News
A company that developed technology capable of creating water out of thin air nearly anywhere in the world is now under contract to nourish U.S. soldiers serving in Iraq. The water-harvesting...
Wall Street hanging in the balance
Turkish Daily News
Wall Street heads into a key corporate earnings season with sentiment hammered amid a record surge in energy costs that has dampened prospects for an economic recovery.
Kerry Gerontianos Selected As Microsoft Digital Worldwide Partner Conference USA Spokesperson
PR Web
Microsoft Eager To Spread IDC Report Findings That Partner-to-Partner Global Activity Accounts For A $6.7 Billion International Association of Microsoft Certified Partners Eco-System....
Fresh Market adds upscale grocery option
Herald Sun
The competition for your grocery-shopping dollar will have a fresh new option on The Fresh Market, a 2,400-square-foot upscale grocery, will open in Glenwood Square Shopping Center nearly a...
2 supervisors at raided meatpacking plant arrested
Herald Sun
Two supervisors at an Iowa meatpacking plant that was raided by federal immigration agents in May were arrested and charged with encouraging people to live in the United States illegally.
SocGen fined over trading scandal
Herald Sun
France's central bank announced Friday that it has fined Societe Generale $6.3 million for "serious shortcomings" in its internal controls that led to nearly $7.8 billion in trading losses...
Farmers say salmonella scare has hurt tomato sales
Herald Sun
Expect fewer slices of red, ripe tomatoes next to the grill this holiday weekend. With a salmonella scare causing many customers to shun what's normally a summertime favorite, tomato farmers...
Canadian telecom BCE, suitor agree on terms
Herald Sun
BCE Inc, Canada's largest telecommunications company, said Friday it has agreed on terms of a $35 billion sale to a group led by the Ontario Teachers' Pension Plan in the biggest leveraged buyout...
European shares fall, Asia markets mixed
Herald Sun
European markets fell and Asian markets were mixed Friday as investors digested uneven readings on the U.S. economy and oil prices that remained near records. Japan posted its 12th straight day of...
9 convicted in Austria fraud case
Herald Sun
Nine people, including a prominent executive who fled to France in an attempt to elude justice, were convicted Friday of criminal charges in a major Austrian bank fraud case linked to the 2005...
EU widens Billiton-Rio Tinto probe
Herald Sun
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher...
Caloric Restriction Comes in a Pill
Wired News
... mice given resveratrol -- the first of an eagerly-anticipated class of longevity drugs -- enjoyed dramatically improved health, even when they started taking the drug late in life. Resveratrol...
Hyundai union calls for work stoppage next week
Reuters
The latest labor action follows a two-hour walk off on Wednesday by unionized employees at Hyundai Motor and other South Korean car makers, in a move aimed at having the government scrap a U.S. beef...

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