Friday, September 3, 2010 7:39

Archive for September, 2009

US stocks rally after unemployment data

US stocks rally after unemployment data

Sunday, September 6, 2009 13:45

NEW YORK (AFP) – Wall Street rallied Friday in a delayed reaction to data showing a narrowing of job losses ...

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Stocks face volume test after summer run

Stocks face volume test after summer run

Sunday, September 6, 2009 13:43

NEW YORK (Reuters) – Wall Street's mettle will be tested this week as traders return from summer vacations to resurfacing signs of weakness after a six-month rally for stocks. The specter of September ...

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Mortgage giants struggle a year after takeover

Mortgage giants struggle a year after takeover

Sunday, September 6, 2009 13:40

WASHINGTON – A year after the near-collapse of Fannie Mae and Freddie Mac, the mortgage giants remain dependent on the government for survival and there is no end in sight. The companies, created ...

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FHA says won't need congressional support

FHA says won’t need congressional support

Sunday, September 6, 2009 13:38

WASHINGTON (Reuters) – The U.S. Federal Housing Administration said on Friday it would not need a congressional subsidy even if mortgage-related losses push its reserves below a level demanded by Congress. Rising losses at the FHA, part of the U.S. Department ...

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A year after meltdown: Tough questions, choices

A year after meltdown: Tough questions, choices

Sunday, September 6, 2009 13:36

NEW YORK – Where do we go from here? A year after edging dangerously close to free fall, there are signs the economy is regaining a foothold. But Americans' sense of financial security is badly shaken and ...

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OPEC not likely to cut output at Vienna meeting

OPEC not likely to cut output at Vienna meeting

Sunday, September 6, 2009 13:34

VIENNA – With oil prices about where OPEC wants them and a modest economic upturn in the offing, the oil cartel isn't likely to tighten the taps when its leaders meet this ...

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Amazon offers to replace Orwell books on Kindles

Amazon offers to replace Orwell books on Kindles

Sunday, September 6, 2009 13:31

SAN FRANCISCO - Amazon.com Inc. is offering free books or $30 to Kindle customers whose copies of the George Orwell novels "1984" and "Animal Farm" were deleted from their electronic reading devices in July. When Amazon erased the books ...

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Apple’s iPhone launch in China no easy task: experts

Sunday, September 6, 2009 13:28

SHANGHAI (AFP) - Apple's iPhone will soon officially go on sale in China, more than two years after its US debut, but it may not make much of a splash, with smuggled units and similar devices available, analysts say. China Unicom ...

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Nokia strikes back against 'smart' rivals

Nokia strikes back against ’smart’ rivals

Sunday, September 6, 2009 13:25

HELSINKI (AFP) - Faced with increased competition from up-and-coming rivals, Finnish telecom giant Nokia plans to launch a slew of new products this year but analysts say it faces a tough battle to hold on to ...

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Vietnamese blogger says he has been released

Vietnamese blogger says he has been released

Sunday, September 6, 2009 13:23

HANOI, Vietnam (AFP) - A Vietnamese blogger who was arrested in a recent crackdown and who also printed T-shirts to protest a controversial mining project has been released after a week in custody, he told AFP Sunday. Bui Thanh ...

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