Business

March 25, 2011

Gold Hits Record Price

The price of gold has hit a record high — due largely, analysts say, to the turmoil across much of the globe. Gold sold for nearly $1,448 an ounce on Thursday, pushing past the previous record set earlier this month. Gold is often viewed as a safe…

March 22, 2011

AT&T to reconfigure T-Mobile network after acquisition

AT&T Inc said Monday that if its deal to buy T-Mobile USA goes through, T-Mobile subscribers…

March 22, 2011

Russia Gets Giant Boost from Rising Oil Prices

As much of the world reels from civil unrest and natural disasters, Russia is cashing in on high…

March 22, 2011

Tokyo Electric Power to pay farmers for radiation loss

Tokyo Electric Power (Tepco) will have to compensate farmers for losses caused by the nuclear radiation leaking from its power plants, Japan has said. The firm will have to take responsibility, said Chief Cabinet Secretary Yukio Edano at a press…

March 22, 2011

Japan’s carmakers are getting set to restart production

Japanese car manufacturers are looking to restart production after their operations were disrupted by the deadly earthquake and tsunami. Toyota Motors says it will announce plans to restart production on Tuesday. Production at Honda Motors and…

March 22, 2011

US & European Stocks Make Gains

U.S. stock market indexes made strong gains in Monday's trading. The Dow Jones Industrial Average gained 1.5 percent to end at 12,037. The S&P 500 moved up 1.5 percent to close at 1,298 while the NASDAQ jumped 1.8 percent to finish at 2,692.…

March 22, 2011

World Bank: Five Years, $235 Billion for Japan Recovery

World Bank officials say it may take five years for Japan to recover from the recent earthquake and tsunami with costs running as high as $235 billion. Monday's report from the bank says the damage may turn out to be the equivalent of 4 percent…

March 16, 2011

Oil Prices Drop on Fears for Japan’s Economy

World oil prices are dropping because of fears the earthquake and…

March 16, 2011

Portugal hit by debt downgrade from ratings agenc

International ratings agency Moody's has downgraded Portugal's sovereign debt rating, citing the country's need to cut debt and its poor growth prospects. Meanwhile Portugal's main opposition party has announced it will oppose the government's…

March 16, 2011

Japan’s Nikkei 225 rebounds as economic concerns ease

Japanese stocks rebounded as concerns over the long-term impact of Friday's earthquake and tsunami on Japan's economy ease. The Nikkei 225 index gained 4.3% by midday Wednesday. On Monday and Tuesday, the index dropped more than 16%, its biggest…