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Latest Business News

AIG's loss and record oil sour mood on Wall St (Reuters) -

Traders work on the floor of the New York Stock Exchange, April 3, 2008. (Keith Bedford/Reuters)Reuters - Stocks fell on Friday as the price of oil set another record and concerns about the financial sector flared up again after American International Group Inc reported a massive loss.


Oil hits record $126 on supply worry (Reuters) -

A customer pumps gas at a Shell gas station in Cambridge, Massachusetts, April 29, 2008. (Brian Snyder/Reuters)Reuters - Oil jumped to a record above $126 a barrel on Friday, extending gains to more than 11 percent since the start of the month on fuel supply concerns and a rush of speculator buying.


Citigroup aims to shed $400 billion of assets (Reuters) -

Citigroup CEO Vikram Pandit in a file photo. Citigroup said Friday that it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets. (Peter Morgan/Files/Reuters)Reuters - Citigroup Inc said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.


March trade deficit drops by bigger-than-expected amount (AP) - AP - The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. Analysts forecast that trade would continue to be one of the economy's few bright spots this year.
Mortgage credit losses could total $500 bln: Goldman (Reuters) -

A foreclosed home is seen in Chicago January 28, 2008. (John Gress/Reuters)Reuters - Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy tightening in 2008 or 2009, according to a research note from the firm.


Latest Business Articles

Fitness Programs Bring Out the Best In Employees
Everyone who has spent an entire day at an office between rush hours knows how stressful the daily grind can be. And with the current popularity of rotating, round-the-clock shifts, the pressure is further exacerbated by erratic work and sleep schedules, affecting the employee’s productivity, and the company’s output as well. Employees who spend most of their time at the desk tapping away on a computer terminal are at a health risk...

The Perks And Drawbacks Of Outsourcing
More and more companies are taking advantage of a recent trend in the industry: the option of delegating part of your company’s duties through outsourcing. Outsourcing basically allows you to let third parties deal with services and processes which are essential to the company’s operation, those which can cost you more if these are performed as part of in-house functions....

Online Promo Strategies For More Business Mileage
It’s no surprise to note that the well-worn methods of promotion in the print, radio, and television media won’t work in the user-oriented medium of the internet. When consumers can be passive receivers of information with all other media forms, an internet promotional strategy should be able to secure the browser’s active participation in order for it to be effective. As such, pop-ups and banner ads simply do not have as much appeal on the web. If your online business is new...

Starting an Online Business In a Tough Market
Good business management requires acute instincts, and updated knowledge of the market; those who get ahead are those which are constantly in tune with the demands of clients, and are efficient in coming up with a solution for meeting these. Since all established businesses have put up online sites for consumers to access, your fledging business should get into the thick of the competition and follow suit in order for it to take off...

Online Businesses Boom With Business Directories
online business directories provide listings of businesses with an accessible site or reference on the web. These provide a fact sheet of which products or services a business has to offer, it’s target markets, its market coverage, and other optional information such as online business hours, and ordering and payment options. A crucial installment of an online business directory is a reference link to the business’ official website...