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Business - Page 925

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Greek, Spanish CDS fall post-bank stress tests

The cost of protecting government debt against default in Greece, Spain and other peripheral euro zone debt issuers fell on Tuesday as investors switched back to riskier assets post-bank stress tests. Five-year

27th July 2010
Business

US home sales surge in June, inventory at 42 year low

Sales of new U.S. single-family homes rebounded strongly in June from the prior month's record low, pushing the number of houses on the market to the lowest level in nearly 42 years.

27th July 2010
Business

Gordon Brown’s book on economic crisis set for November

Former British Prime Minister Gordon Brown will release a book about the global economic crisis in November, publisher Simon & Schuster said on Monday. The book, Brown's first he was ousted from

27th July 2010
Business

Asian stocks up on US data, euro near 2-mth peak

Asian stocks rose to their highest in two and a half months on Tuesday, boosted by solid U.S. housing data, while the euro inched up towards two-month peaks on relief over stress

27th July 2010
Business

Ex-trader accused of fraud seeks to clear name on TV

A former Wall Street trader accused with associates of swindling more than $140 mln from investors is angling for his own reality television show, eager to prove his innocence in the court

27th July 2010
Business

Elvis piano could fetch $1 mln at auction

Elvis Presley's white grand piano and his 1955 contract with RCA Records are going up for auction in Memphis next month, with the piano expected to fetch more than $1 mln, auctioneers

27th July 2010
Business

Europe bank test transparency gets cautious thumbs-up

Investors gave European banks the benefit of the doubt on Monday over stress tests that prompted more transparency from Spanish banks needing to raise capital than from German banks cagey about sovereign

26th July 2010
Business

US Stock futures down as new home sales data eyed

US stock index futures pointed to a slightly lower open on Wall Street on Monday, as investors take a breather following last week's strong gains sparked by a flurry of reassuring company

26th July 2010
Business

BP CEO to walk away with $18 million: report

BP Chief Executive Tony Hayward will collect a pay and pension package worth at least 11.8 million pounds ($18.03 million) when he steps down from his role at the company, the Times

26th July 2010
Business

Apple’s white iPhone 4 delayed in latest headache

Customers will not be able to get their hands on Apple Inc's white iPhone 4 until later this year, the company said on Friday, conceding that making the model has proven surprisingly

26th July 2010
Business
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