U.S. jobless claims fall; incomes, spending ease

Posted by Financial Market News on April 30th, 2009

The number of U.S. workers filing new claims for unemployment aid fell unexpectedly last week, suggesting the pace of layoffs was easing, even as benefit rolls in mid-April swelled to another record high.

UBS response expected in lawsuit

Posted by Financial Service News on April 30th, 2009

Swiss banking giant UBS AG on Thursday is expected to file a response to the Internal Revenue Service's attempt to get the identities of some account holders who might be hiding income.

Stocks’ big April could be sign of healing economy

Posted by Financial Market News on April 30th, 2009

April was Wall Street's best month in nine years - offering some of the most powerful evidence yet that maybe, just maybe, the economy is about to begin a turnaround.

WTO gives Pascal Lamy another 4 years as boss

Posted by Financial Service News on April 30th, 2009

Lamy, a 62-year-old member of the French Socialist Party, has headed the WTO since 2005.

Stock index futures point to higher Wall Street open

Posted by Financial Market News on April 30th, 2009

Stock index futures pointed to a higher start for Wall Street on Thursday ahead of a flurry of results as well as U.S. core personal consumption expenditure, jobless figures and Chicago PMI data.

Disney Joins Hulu

Posted by Financial Service News on April 30th, 2009

Disney will be joining NBC Universal, News Corp, and Providence Equity Partners as a joint venture partner in online video site Hulu, it was announced Thursday morning.

NZ sharemarket surges after rate cut

Posted by Financial Market News on April 30th, 2009

The New Zealand sharemarket leapt in early trading, following an earlier announcement on official interest rates.

New jobless claims unexpectedly drop

Posted by Financial Service News on April 30th, 2009

The number of newly laid-off workers signing up for unemployment benefits dropped unexpectedly last week, while people continuing to draw aid neared 6.3 million, setting a record for the 13th straight week.

Asian stocks surge

Posted by Financial Market News on April 30th, 2009

Apr 30 - Stimulated by China's demand, Japan's industrial output rose for the first time in six months Kitty Bu reports.

Images: ‘Women make better bankers’

Posted by Financial Service News on April 30th, 2009

'Women are better with managing finance' Better bankers New Delhi: Chanda Deepak Kochhar, who set to take over as managing director and chief executive of ICICI Bank, India's largest in the private sector, firmly believes women make better bankers, even if a lot also depends on how they use the opportunities that come their way.


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