GM repays partial debt with IPO funds
New York, Nov. 18: Updated American taxpayers’ ownership of General Motors was halved on Wednesday, and billions of dollars in bailout money was returned to the federal government, as a result of the
Currency fight with China divides US business
Zhuji, China, Nov. 17: For American business, the United States currency dispute with China is a two-sided coin.
On the tails-we-lose side are companies like New York-based PS Brands, one of the big
Tobacco firms fight out ban
New York, Nov. 14: As sales to developing nations become ever more important to giant tobacco companies, they are stepping up efforts around the world to fight tough restrictions on the marketing of c
Investors look at lawsuits to profit from payouts
New York, Nov. 15: Large banks, hedge funds and private investors hungry for new and lucrative opportunities are bankrolling other people’s lawsuits, pumping hundreds of millions of dollars into medic
Junta frees Suu Kyi
Nov. 13: The Burma pro-democracy leader, Ms Aung San Suu Kyi, was freed from seven-and-a-half years of house arrest on Saturday and was greeted at the gate of her compound by thousands of jubilant su
Obama seeks release of all political prisoners
Rangoon/Washington, Nov. 13: The US President, Mr Barack Obama said in a statement that the United States welcomed “her (Suu Kyi) long overdue release,” adding: “She is a hero of mine and a source of
Start-ups follow Twitter to turn neighbours
San Francisco, Nov. 12: When Mr Joe Fernandez, a tech entrepreneur, moved his start-up here last spring, a big goal, he said, was “to be best friends with the Twitter guys.” His theory was that by han
Investors find safe haven in gold
New York, Nov. 10: Think of it as the Tea Party of investments. The price of gold has been rising as anxious investors cast what amounts to a throw-the-bums-out vote against, well, just about everythi
US hired Headley despite terror links
WASHINGTON, Nov. 8: American authorities sent David C. Headley, a Pakistani-American Las-hkar-e-Tayaaba (LeT) operative and suspect in the 26/11 attacks, to work for them in Pakistan months after the
Technical snag wipes out US utility firm’s worth
New York, Nov. 9: BlackBerrys were buzzing inside Progress Energy in Raleigh, N.C. in a blink, the 102-year-old utility had been virtually wiped out on Wall Street.
For no apparent reason, Progress’