Posts Tagged ‘year’

Côte d’Ivoire one year on

Yamoussoukro, Ivory Coast (IRIN) – One year on from the presidential elections that caused conflict across Côte d’Ivoire, ex-President Laurent Gbagbo has been charged with crimes against humanity by the International Criminal Court (ICC), tensions have eased in most areas, the economy has improved, and almost all schools have reopened and hospitals are functioning. But [...]

New home sales fall in July

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – New home sales in the United States fell by 0.7 percent in July from June’s figures, marking the fourth consecutive month of drops, Commerce Department officials said Tuesday. At this rate, new home sales are set to finish the year at the worst [...]

Bank of America announces another 3,500 job cuts

Linda Young – AHN News Writer Charlotte, NC, United States (AHN) – Bank of America has announced it would slash 3,500 jobs in addition to the 2,500 it let go earlier this year. The bank is under pressure from investors to increase profitability and analysts say that pressure will likely cause additional job cuts that [...]

Major Israeli Defense Merger Dropped

The Media Line Staff Jerusalem, Israel (The Media Line) – Ambitious plans to merge two of Israel’s key state-owned defense makers in order to end cutthroat competition and costly duplication have been dropped and the government is moving to privatize one of them. Israeli Defense Minister Ehud Barak and Finance Minister Yuval Steinitz have agreed [...]

Rejecting IMF loan, Egypt risks undermining economy

The Media Line Staff Cairo, Egypt (TML) – Egypt’s decision to reject loans from the International Monetary Fund (IMF) and World Bank may save the government unwelcome political controversy at home, but it risks undermining the country’s already severely strained economy, economists warned. The terms of the IMF financing as well as the government’s plan [...]

March Case-Shiller shows double-dip in home prices

WASHINGTON (MarketWatch) — The prices of single-family homes in 20 major cities fell for the eighth straight month and confirmed that there is a double-dip in the housing market, according to the S&P/Case-Shiller home price index released Tuesday by Standard & Poor’s. Home prices fell a non-seasonally adjusted 0.8% in March. Prices have moved down [...]

DLF gets I-T notices for Rs 1,703 crore

Realty major DLF has said the Income Tax Authorities have slapped additional tax notices for over Rs 1,700 crore (Rs 17 billion) pertaining to 2008-09 assessment year after being disallowed its profits in SEZ projects. View full post on Business Stories

Caterpillar Posts Profit, Lifts Forecast

Heavy-equipment maker Caterpillar reported improved first-quarter earnings and raised its forecast for the year.. View full post on Business Stories

DealBook: Goldman Sachs Trumps Expectations

Earnings fell from the previous year, but the investment bank nearly doubled analysts’ estimates. View full post on Business Stories

Consider This – Selling Your Home Quickly May Save You Money

As we reach the end of another year, I find myself musing over the latest housing market trends and wondering just how hard it might be to sell my house next year. We have had more than a decade of non-stop house price growth, but now the housing market has reached a point of instability [...]

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