News blog
China last week approved long-awaited licenses for next generation (3G) mobile networks, whetting investor appetites with the promise of major new orders for equipment makers and revenue for network operators.
The new licenses will see dominant player China Mobile () forced to build and operate a 3G network based on a home-grown experimental technology, called […]
Filed under: technology by Wolf
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It seems so easy in the IBM commercial. An underling explains to her pessimistic boss how their company will save millions of dollars with "green" technology.
"Where do I sign?" he asks, as happy music erupts and cartoon animals dance across the screen.
What the ad never mentions is the money he’s going to […]
Filed under: news by Wolf
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NEW YORK — A federal judge on Monday threw a lifesaver to investors who may have been duped in one of Wall Street’s biggest alleged frauds, saying they need the protection of a special government reserve fund set up to help investors at failed brokerage firms.
U.S. District Judge Louis L. Stanton ordered that […]
Filed under: online by Wolf
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Add another economic worry to inflation and deflation: ecoflation, the rising cost of doing business in a world with a changing climate.
Ecoflation could hit consumer goods hard in the next five to 10 years, according to a report by World Resources Institute and A.T. Kearney, a global management consulting firm.
Companies that make fast-moving consumer […]
Filed under: finance by Wolf
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MONTREAL – There’s renewed optimism that the takeover of Bell Canada by a group led by the Ontario Teachers Pension Plan will go ahead.
The U.S. government has agreed to a rescue plan for Citigroup, the major U.S. bank that is the lead lender in the $52-billion purchase of Canada’s largest telecom company.
Shares […]
Filed under: money by Wolf
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Chinese solar cell maker JA Solar Holdings Co Ltd said on Wednesday the global economic slump had triggered a “panic” in the solar market, prompting it to slash its sales forecasts and sending its shares down more than 25 percent.
Sales of solar cells and panels have risen sharply in recent quarters as companies such […]
Filed under: business by Wolf
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Circuit City Stores Inc. said Monday it is closing about 20% of its U.S. stores - cutting thousands of jobs - in an effort to return the nation’s No. 2 consumer electronics retailer to profitability.
The Richmond, Va.-based company said it will shutter 155 of its more than 700 stores in 55 markets, including Phoenix […]
Filed under: marketing by Wolf
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Suddenly, I am a cool guy.
Savings habits I have preached and practiced for years — and the realization that avoiding waste is being smart, not a cheapskate — are now in vogue.
With Americans facing continued economic uncertainty, I run across an almost daily stream of common sense (but frequently neglected) savings tips […]
Filed under: management by Wolf
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The Federal Reserve announced Monday it will offer an unlimited amount of dollars to three other central banks in an unprecedented move to provide liquidity to the global banking system.
The U.S. central bank will lend dollars at a fixed interest rate to the central banks of England, Switzerland and the European Union, according to […]
Filed under: management by Wolf
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The world’s financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government’s financial rescue package - and watch for any further fallout from the credit crisis around the globe.
The markets have switched their focus to the world economy now that the $700 billion […]
Filed under: business by Wolf
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