11 July 2007 13:44 [Source: ICIS news]
Electronics giant seeks a cure in healthcare
When Gerard Kleisterlee took over as chief executive of Royal Philips Electronics NV,
Ratings cuts rattle investors
The widening meltdown in the sub prime-mortgage market caught up with the nation's two big debt-rating companies yesterday, with Standard & Poor's and Moody's announcing plans to downgrade hundreds of bonds backed by the risky home loans.
Nintendo DS goes to school in
The Nintendo DS marks an unusual shift in the culture of gadgets in
Money & Investing
China Inc runs the bulls
Many Chinese corporations are putting piles of cash into local stocks, fueling the bull market and their own profits. But the enthusiasm in corporate boardrooms for stock investing creates the potential for a nasty fallout if the market turns sour.
Behind a Bear analyst's sub prime call
As the market for risky home loans was beginning to implode in February, Bear Stearns analyst Gyan Sinha hosted a conference call for 900 investors, telling them they had little to worry about. Unfortunately, there was a lot to worry about.
Housing fears push blue chips down by 148.27
After flirting on Monday with its first record finish in a month, the Dow Jones Industrial Average plunged 148.27 points amid fears of a fallout from the ailing housing market.
Surgeon general sees four-year term as compromised
McCain campaign drops top aides; new doubts rise
The departure of two aides left Senator John McCain’s campaign team gutted and raised new doubts about his ability to continue in the race.
Can’t sell your home? Maybe it’s priced too low
Given that the real estate market is supposed to be in freefall, some strange things have been happening recently in
Rate agencies move towards downgrading some mortgage bonds
The slumping housing market again rattled the bond market yesterday. Standard & Poor’s, the credit rating firm, said that it would tighten the standards it used to rate bonds backed by sub prime mortgages, a tacit acknowledgment that it might have been too optimistic about the housing market.
In GOP, growing friction on
Facing crumbling support for the war among their own members, Senate Republican leaders yesterday sought to block bipartisan efforts to force a change in the American military mission in
Top aides leave McCain camp
In the mid-1990s, years before Sen John McCain officially launched his first bid to become president, it was John Weaver who convinced the senator that he had all the ingredients to win the GOP nomination and the Oval Office.
China executes former head of food, drug safety
Moving to address mounting concerns about the safety of its exports,
Inflation as a state of mind
The steep rise in oil prices in recent years has not triggered either high inflation or a recession, in large part because consumers and businesses expect price increases to remain tame, Federal Reserve Chairman Ben S Bernanke said yesterday.
Four jailed for life in failed
A judge on Wednesday sentenced four men to life in prison for attempting to bomb
Black jury goes back to work
Jurors in the Conrad Black trial appear to be close to ending their deliberations and some lawyers expect verdicts as early as Wednesday.
Targeted tax breaks don't cut it, institute says
Canadian governments are littering the tax system with targeted breaks for special interests instead of enacting across-the-board cuts that benefit all - a trend critics say is doing little to defray the high cost of doing business.
Paramedics were never warned of deadly gas
A consultant who was the only witness to a bizarre accident where four people suffocated and collapsed into a southern BC mine testified that he didn't fully warn two paramedics before they headed in, at a coroner's inquest Tuesday.
Backing for Miceli, Picolotti
President Nestor Kirchner yesterday made a public show of support for Economy Minister Felisa Miceli - being investigated after the discovery of a bag full of cash in her office washroom - and his government also defended Environmental Secretary Romina Picolotti against charges of malfeasance and fraud.
Iraqi leaders: US, stay!
Iraqi leaders warned yesterday the country could collapse if US troops leave too quickly as pressure mounts in
Red mosque stormed
Pakistani security forces launched an operation this morning (Tuesday) to clear a radical mosque of militants. Twenty children escaped from the compound in the initial attack. “An intense engagement is going on with the militants,” a military spokesman said.
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