Web Directory 9 : Business

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Latest News

Qualcomm, Nokia in legal settlement, tech deal (Reuters) -

The U.S. flag flies next to one of Qualcomm's many buildings in San Diego, California, July 22, 2008. (Mike Blake/Reuters)Reuters - Qualcomm Inc and Nokia (NOK1V.HE) said on Wednesday they had settled their legal battles with a deal that has No. 1 phone maker Nokia paying Qualcomm an upfront payment and ongoing royalties.


Wed, 23 Jul 2008 23:23:58 GMT
Wall Street rises on oil drop, housing plan optimism (Reuters) -

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - Stocks rose on Wednesday as financial shares climbed on optimism about a rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and as the price of oil fell.


Wed, 23 Jul 2008 22:01:54 GMT
Fed says price pressures gain, growth slackens (Reuters) -

In this July 16, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee hearing on Capitol Hill in Washington. The chairman's financial disclosure form, released Monday, July 18, 2008, showed his holdings last year were in no-fills investments, including U.S. Treasury securities, Canadian Treasury bonds, mutual funds and annuities. (AP Photo/Susan Walsh, file)Reuters - The United States faced increasing inflationary pressures in recent weeks amid slowing economic growth, the Federal Reserve said on Wednesday, as it described conditions in some areas as "grim," "morose" or "bleak."


Wed, 23 Jul 2008 21:56:39 GMT
Waiters pick up part of LongHorn's labor costs (AP) -

A Longhorn Steakhouse restaurant is seen Monday, July 21, 2008, in Hamilton, N.J. After Darden Restaurants Inc. bought LongHorn for $1.19 billion in October, it instituted what it calls 'a more disciplined' tip-sharing plan — a policy servers say is cutting their earnings. (AP Photo/Mel Evans)AP - With the cost of everything from air conditioning to whipped cream rising, many restaurants have been raising prices. LongHorn Steakhouse is passing on part of the tab to its servers.


Wed, 23 Jul 2008 21:36:18 GMT
House passes housing bill; Bush lifts veto threat (Reuters) -

President Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing the way for measures meant to shore up the worst U.S. home market since the Great Depression. (Paul Szep/Reuters)Reuters - The House of Representatives passed a massive housing rescue bill on Wednesday while the White House dropped a threat to veto it, paving the way for measures aimed at shoring up the worst U.S. housing market since the Great Depression.


Wed, 23 Jul 2008 21:30:17 GMT
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