North Korea Times
NorthKoreaTimes.com Saturday 13th March 2010 Issue 8/72
bullet
Front Page Breaking Business News
corner
Wall Street sidelined by dollar fallWall Street sidelined by dollar fall
The U.S. dollar was sharply weaker Friday as stocks drifted...


Add to My Yahoo!
Lehman Brothers auditors were negilgent says reportLehman Brothers auditors were negilgent says report
Auditors, former executives, Barclays Bank, and Wall Street banks have copped a serve from a court-appointer examiner who probed the Lehman Brothers...
Banks in Australia profiteering says regulatorBanks in Australia profiteering says regulator
Australia's biggest banks are gouging its customers, the Reserve Bank of Australia...
Risky assets back in vogueRisky assets back in vogue
Junk bonds and other risky investment instruments are being sought after, pushing prices above those of investment grade...
Janet Yellen tipped to become vice chairperson of Federal ReserveJanet Yellen tipped to become vice chairperson of Federal Reserve
San Francisco Federal Reserve Bank President Janet Yellen is expected to be nominated to become Ben Bernanke's...
Indians get a taste of U.S. agriculture productsIndians get a taste of U.S. agriculture products
The US Ambassador to India Timothy J. Roemer on Thursday inaugurated an annual international food festival 'Aahar-2010' in the national...
Obama launches bid to lift exportsObama launches bid to lift exports
The American president told the U.S. Export-Import Bank in Washington he was launching a new strategy to improve...
Sri Lanka doing massive deals with ChinaSri Lanka doing massive deals with China
Sri Lanka will soon build a second international airport on the south of the island, with much of the money coming from...
BA strike to go ahead after talks failureBA strike to go ahead after talks failure
There has been no agreement reached between British Airways and the Unite...
Defects unable to stop Toyota sales in USDefects unable to stop Toyota sales in US
The US sales of Toyota vehicles declined nearly 9 percent in...
Kansas City school district shrunken to reduce deficitKansas City school district shrunken to reduce deficit
In the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat...
Chrysler takes Volkswagen exec to run FiatChrysler takes Volkswagen exec to run Fiat
The Chrysler Group in the US has named a new executive to head the reintroduction of the Fiat brand to the local...
U.S. stocks recover in late tradingU.S. stocks recover in late trading
A surge in bank shares returned the major indices to the black Thursday, after rough sailing earlier in the...
Earnings Schedule For Week Of 03/15/10
Friday, March 12, 2010 at 9:08 a.m. Major companies tentatively scheduled to report quarterly earnings next week: Monday No major releases. Tuesday NEW YORK - Discover...
Senators Question Lobbying, Nearly $1 Million In Compensation For Ceo Of Boys & Girls Clubs
WASHINGTON - A group of Republican senators is questioning high salaries and expensive travel bills for executives at the Boys & Girls Clubs of America, raising issues that could jeopardize millions...
Major Companies Tentatively Scheduled To Report Quarterly Results During Week Of 03/15/10
Major companies tentatively scheduled to report quarterly earnings next week: Monday No major releases. Tuesday NEW YORK — Discover Financial Services releases quarterly financial results. ...
Senators Question $1 Million Pay For Charity's Ceo
FILE - In this Feb. 24, 2010, file photo, Sen. Chuck Grassley, R-Iowa., arrives to vote on the Senate Jobs Bill on Capitol Hill in Washington. A group of Republican senators is questioning high...
Bio-key Announces Fourth Quarter And 2009 Year-end Earnings Release And Conference Call Schedule
WALL, N.J., March 12 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in finger-based biometric identification solutions, today announced plans to release...
Coca-cola And Wwf Pakistan Enter Second Phase Of Environment Conservation Project
Coca-Cola and WWF Pakistan’s partnership on improving sub-watershed management and creating environmental awareness in Ayubia National Park has delivered exceptional results in its first year....
Canadian Markets: Canadian Market Edges Higher, Potash Stocks Soar
SAN FRANCISCO (MarketWatch) -- Canadian stocks inched higher Friday, supported by shares of potash makers that soared a day after one company said demand for the soil nutrient would rise this year. ...
Energy Stocks: Energy Stocks Give Back Early Gains
SAN FRANCISCO (MarketWatch) -- Energy stocks fell off their opening gains Friday as a report on shrinking optimism among U.S. consumers dragged the broader stock market into the red and trimmed an...
Biotech Stocks: Abbott, Pfizer Lead Drug Stocks Lower
BOSTON (MarketWatch) -- Abbott Laboratories led drug stocks lower early Friday as shares of the medical products conglomerate lost ground on an analyst downgrade. Shares of...
Airline Stocks: Airline Stocks Mixed As The Dow Edges Higher
+0.03% ) rose about 20 points to 10,632. Labor unrest was at the forefront of industry concerns again after the union representing 28,000 workers at American Airlines asked to be released from...
Greece Debt: Eu Agrees Bailout Deal
Protesters wearing masks during a demonstration in central Athens, against government austerity measures. Photograph: Vassil Donev/EPA The eurozone has agreed a multibillion-euro bailout...
News Corporation Bid Rumour Lifts Bskyb Shares By 5%
was in demand as speculation ran round the market that Rupert Murdoch's News Corporation wanted to take the satellite broadcaster private.News Corporation owns just over 39% of BSkyB and analysts...
Pink Floyd's Legal Victory Over Emi Is A Triumph For Artistic Integrity
Comfortably won ... Pink Floyd trounce EMI in battle over download sales. Photograph: Andy Paradise/Rex Features They don't often look cheery in photos – and at least two of them...
Wall Street Stocks Climb On Major Bank Cheer
U.S. stocks staged an 11th hour rally Thursday after the head of Citigroup, Vikram Pandit, said he was sure the major bank was on track for a sustainable recovery, lifting sentiment.After opening...
Obama Delays Trip As Health-care Faces New Hurdle
March 12 (Bloomberg) -- President Barack Obama is delaying his trip to Asia to work on health-care legislation as Republicans claimed a parliamentary victory in their effort to derail the...
Cf Industries, Terra Agree To $4.7 Billion Merger
March 12 (Bloomberg) -- CF Industries Holdings Inc. will acquire Terra Industries Inc. for about $4.7 billion after topping a bid from Yara International ASA and fending off its own hostile suitor...
Amylin’s Ohio Plant Had Inappropriate Quality Control, Fda Says
March 12 (Bloomberg) -- Amylin Pharmaceuticals Inc.’s Cincinnati manufacturing plant didn’t have procedures to prevent contamination or trained employees in a December inspection,...
Again, It's Over: Microsoft Loses Second Word Appeal
A permanent injunction against Microsoft selling versions of Word that contain XML editing ability effectively remains in place today, after a shot-in-the-dark appeal by Microsoft of...
Volkswagen Group Net Profit Plunges By Over 80% In 2009
WOLFSBURG (Germany): European auto giant Volkswagen Group today reported an over 80 per cent plunge in net profit for the year 2009 and said the prospect of the global auto industry remains grim ...
Wall St Seeking Reprieve From Trading Rules
WASHINGTON - Wall St banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator...
Blunt The E-mail Interruption Assault At Work
Within the heart of your company, saboteurs lurk. Disguised as instruments of productivity, they are subverting your staff's most precious resource: attention. Incessant e-mail alerts, instant...
Business Sales Rise To Highest Level Since 2008
WASHINGTON - Business inventories were unexpectedly flat in January, while sales rose to their highest level since October 2008, government data showed on...
Consumer Sentiment Dips Amid Job Worries
NEW YORK - U.S. consumer sentiment declined slightly in early March, with Americans less positive about the job outlook, a survey released on Friday...
Loonie Soars On Jobs Report
A strong jobs report pushed the Canadian dollar to its highest point in nearly two years on Friday. The Canadian dollar was trading at 98.35 cents US a little before noon Friday, up 0.72 of a...
Jpmorgan, Citigroup Helped Cause Lehman Collapse, Report Says
March 12 (Bloomberg) -- JPMorgan Chase & Co. and Citigroup Inc. helped cause the failure of Lehman Brothers Holdings Inc. by demanding more collateral and changing guarantee agreements, according...
U.k. Stocks Advance, Extending Weekly Gain; Lloyds, Rbs Climb
March 12 (Bloomberg) -- U.K. stocks rose, with the benchmark FTSE 100 Index headed for a second straight weekly gain, as financial shares advanced and British Sky Broadcasting Plc...
Vauxhall Gets Uk Loans Guarantee
Business Secretary Lord Mandelson has announced a 300m-euro ($412m; £270m) loan guarantee to the European arm of General Motors (GM).The money will help secure operations at the carmaker's two...
China's Stern Warning To Google
China's top internet official has warned that Google will "pay the consequences" if it continues to go against Chinese law.Google announced in January that it would no longer comply with...
New Mortgages Halve As Tax Break Ends
Council of Mortgage Lenders (CML) said their figures "emphatically demonstrated" the impact that this decision had on the market. The drop was even worse among first-time buyers, with the number of...
Former Lloyds Tsb Chief Executive Brian Pitman Dies At 78
LONDON -(Dow Jones)- Brian Pitman, the veteran banker who helped transform Lloyds TSB into one of Europe's largest banks, has died at age 78, the British Bankers Association said. The banker, hailed...
Market Snapshot: Stocks Retreat After Sentiment Under Expectations
U.S. stocks turned lower Friday as consumer sentiment data came in below expectations, throwing cold water on the market's excitement over a surprising increase in retail sales. The Dow Jones...
Eni Sees Possible Us Authorities Deal On Tsk Nigeria Case
E ), Italy's biggest energy company by market value, expects to reach a deal with U.S. authorities over the TSKJ consortium graft probe, Chairman Roberto Poli said Friday. "It is probable a closing...
Goldman Says It's Never Used Repo 105 Transactions
SAN FRANCISCO -- Goldman Sachs Group said Friday that it has never used a transaction known as repo 105. The examiner investigating the collapse of Lehman Brothers said repo 105 used a clause in...
Charles Schwab Says 1q Earnings Will Fall Short
SCHW ) said Friday its first-quarter earnings will fall short of expectations due to a 14% drop in trading during February, the first month the company offered lower fees as an incentive for...
Bank Of America Sharply Boosts Mortgage Changes In Past Month
BAC ) added nearly 8,000 customers to the ranks of borrowers modifying mortgages under the government's Home Affordable Modification Program in the latest month. The giant bank said 20,666 of its...
Tech Stocks: Tech Stocks Slumber Through Weak Trading
Tech stocks had a hard time holding on to steady gains Friday, as the sector appeared headed along with the broader market for a mixed trading session. Among the gainers was Apple Inc....
Appeals Court Upholds Fcc Ban On Exclusive Cable Contracts
WASHINGTON -(Dow Jones)- A divided federal appeals court on Friday upheld the Federal Communications Commission's decision to extend a rule that bars cable operators from withholding some television...