May 5, 2011
GM sales jump 26% on small car sales gains
General Motors' US car and truck sales jumped 26 per cent in April as the economy continued to improve and higher gasone prices pushed buyers into more fuel-efficient vehicles. The largest US car company sold 232,538 vehicles last month, led by a…
May 4, 2011
Sony hires detectives after gamers lose personal data
Sony has hired investigators after a breach of security, in which the personal data of more than…
May 4, 2011
India raises interest rates again to tackle inflation
India's central bank has raised its key interest rate for the ninth time in 15 months in an attempt to curb inflation. The Reserve Bank of India raised the rate at which it lends to commercial banks to 7.25% from 6.75%, a bigger increase than had…
May 4, 2011
Swiss freeze $1bn in Gaddafi, Mubarak, Ben Ali assets
Switzerland says it has frozen nearly $1bn worth of assets linked to Libya's Muammar Gaddafi and the deposed leaders of Egypt and Tunisia. Swiss Foreign Minister Micheline Calmy-Rey said some 830m Swiss francs (£580m; $960m) had been discovered.…
May 4, 2011
Avon net rises sharply on Latin America strength
Raising prices and selling more products in Latin America, its largest market, helped cosmetics seller Avon Products Inc more than triple its first-quarter profit, the company said yesterday. Avon’s net income and revenue beat expectations, and…
May 4, 2011
LIAT advises of new St. Lucia tax for travellers
LIAT wishes to advise its customers and the public in general that, effective May 1, 2011, the St. Lucia Air and Seaports Authority has introduced a new tax of US$35.00 known as “Airport Development Charge” which is to be collected by all…
May 3, 2011
Sony warns of almost 25 million extra PS user info loss
Sony has warned that almost 25 million extra Playstation users may have had their personal…
May 3, 2011
Shares lose gains that followed Bin Laden’s death
Shares in New York have reversed their early gains, which followed US President Barack Obama's announcement that Osama Bin Laden had been killed. In New York, the Dow Jones closed barely changed on the day. The benchmark US oil contract earlier…
May 3, 2011
Chrysler makes first profit since bankruptcy protection
Chrysler has reported its first quarterly profit since it emerged from bankruptcy protection two years ago. The US carmaker made a net profit of $116m (£69m) in the first three months of 2011, thanks to the success of its newer models and the…
May 3, 2011
Record fall in domestic Japanese car sales
Japan's domestic sales of cars, trucks and buses fell by a record amount in April, hit by the aftermath of the country's earthquake and tsunami. With production halted and supply chains broken, sales last month were 51% lower than a year earlier,…