Daily News Channel
Deutsche Telekom and France Telecom on Tuesday said they wanted to merge their British mobile-phone units T-Mobile UK and Orange UK to create a market leader better able to compete with two remaining big rivals. The two companies said they had started exclusive negotiations about putting their assets into a 50-50 joint venture by the end of October.
Feel like your company has been particularly stingy on the raises this year? You’re not imagining it. For 2009, the typical non-hourly worker will see a 1.8% bump in salary, according to a survey by the HR consultancy Hewitt Associates
The expletive-laden rant Treasury Secretary Tim Geithner unleashed during a closed meeting with regulators on Friday, July 31, has players in Washington and on Wall Street wondering one thing: What got the usually mild-mannered Geithner so incensed? Establishing a new regulatory framework for the financial markets is not the kind of politically charged, life-or-death issue that should drive a normally discreet Cabinet member to go on a blue streak in front of dozens of officials. But Geithner and the Obama Administration have more at stake in getting reform pushed through Congress by the end of the year than it may seem.
The Securities & Exchange Commission , concerned about the exponential growth of hyper-frequency trading, announced on Tuesday, Aug. 4, that it was considering a ban on one form of this activity, known as flash trading.
For a while there, it looked like the doomsayers would be proved right. On July 29, the Shanghai Composite Index lost as much as 7.7% of its value before ending the day down 5% on record-breaking trading volume of $43.3 billion.
The $787 billion stimulus plan is turning out to be far less stimulating than its architects expected.
When Sarah Janosek drove to see her first patient in the early morning of Nov. 5, she knew her husband, a software engineer, could be one of the hundreds of Advanced Micro Devices employees laid off that day.
Since the dawn of time, people have found nifty ways to clean up after the bathroom act. The most common solution was simply to grab what was at hand: coconuts, shells, snow, moss, hay, leaves, grass, corncobs, sheep’s wool — and, later, thanks to the printing press — newspapers, magazines, and pages of books. The ancient Greeks used clay and stone; the Romans, sponges and salt water.
Heading abroad from the U.S. this summer? Consider packing a few extra dollars
Don’t let my politeness fool you,” says Elizabeth Warren. The Harvard Law professor and head of the congressional panel monitoring the bank bailout had just finished a hearing in New York City and was nibbling at a dish of pasta with zucchini.