Wall Street falls on Greek debt, drooping orders
New York - Major US stock indices lost ground Thursday amid worries over the Greek debt crisis and disappointing reports on jobs and manufacturing orders. Stocks slumped as the cost of insuring against default on Greek government debt continued to ri...
[Posted on :
2010-02-26 ] Category : [
US (Business) ]
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Bernanke: Fed investigating big banks' dealings with Greece
Washington - US Federal Reserve Chairman Ben Bernanke said Thursday that the central bank was investigating whether Goldman Sachs and other financial firms may have helped Greece hide a major budget crisis in the last decade. We are looking into a n...
[Posted on :
2010-02-25 ] Category : [
US (Business) ]
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Pentagon reopens competition for Air Force refueller
Washington - The Pentagon formally reopened the competition for the 35-billion-dollar contract to build the next generation of aerial refuellers between Boeing Co and its European rival EADS. The US Air Force force submitted a final request Wednesday...
[Posted on :
2010-02-24 ] Category : [
US (Business) ]
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US Senate approves 15-billion-dollar jobs package
Washington - The US Senate on Wednesday approved a 15- billion-dollar package aimed at reviving the sluggish labour market in the United States. The Senate voted 70-28 in favour of the legislation, the bulk of which involves a tax incentive for busin...
[Posted on :
2010-02-24 ] Category : [
US (Business) ]
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