|
US
economy rebounds to 3.1% growth in summer
New York: The US economy, powered by strong auto
sales, rebounded to a 3.1-per cent annual growth rate
in the summer as business investment, which had been the
major no-show in the current recovery, turned up for the
first time in two years.
Back
to News Review index page
BHP
Billiton Q1 net dips 6% on weak commodity prices
New York: The world's largest diversified miner
BHP Billiton posted a 6-per cent in first-quarter profit
on Thursday, hurt by weak commodity prices, and warned
of a still difficult market. BHP Billiton is unlikely
to turn up copper production any time soon after posting
a sharp drop in first-quarter earnings from its base metals
division, analysts said.
Back
to News Review index page
NASD
seeks real-time info
New York: At a time of growing unease over the
quality of disclosure on Wall Street, a securities industry
regulator said on Wednesday that it wants to increase
the amount of information made available to investors
about the background of their brokers and brokerage firms.
Back
to News Review index page
Justice
dept to oppose EchoStar offer for Hughes
New York: US antitrust enforcers are poised to
file a suit against the bid by EchoStar Communications
to buy Hughes Electronics.
Back
to News Review index page
SEC
frames tough rules to check inflated profits
New York: US securities regulators, under urgent
orders from Congress to bolster investor confidence after
a wave of business scandals, on Wednesday proposed new
rules to crack down on "pro forma" profit reports
and off-balance-sheet dealings.
Back
to News Review index page
EU
fines auction house Sotheby's for colluding with Christie's
New York: The European Commission on Thursday fined
Sotheby's, the New York-based auction house, $20.1 million
for colluding with rival Christie's to fix commission
fees, prices and trading conditions in art sales between
1993 and 2000.
Back
to News Review index page
|
