Diane Alter – AHN News Reporter Espoo, Finland (AHN) – Cell phone manufacturer Nokia announced Wednesday that it plans to slash 4,000 manufacturing jobs to save money and increase efficiency in its manufacture of the growing smartphone market. The cuts will take place at three factories in Komarom, Hungary; Reynosa, Mexico; and Salo, Finland. The [...]
Archive for the ‘Stock Market’ Category
Obama’s hopes for the economy meet election year criticism
February 8th, 2012 
admin Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – President Barack Obama has set off another round of accusations and denials this week with an interview he gave on Sunday about who should be blamed for the slow economy. During a discussion about whether he had fulfilled his campaign promises to [...]
Wall Street opens higher Friday fueled by a strong jobs report
February 4th, 2012 admin Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Stocks opened sharply higher Friday after the Labor Department reported the U.S. economy created jobs at the fastest pace in nine months. Shortly after the opening bell on Wall Street, the Dow Jones Industrial Average soared 113 points, the Standard & Poor’s [...]
President Obama lauds as U.S. Senate reigns in insider trading by lawmakers
February 3rd, 2012 admin Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – President Barack Obama on Thursday evening welcomed the Senate nod for the Stock Act, as the lawmakers voted 96-3 to ban insider trading for members of Congress, their staffs and top executive branch policy makers. Calling it “an important step to rebuild the [...]
Posted in Stock Market 
Tags: Act, barack obama, bipartisan action, Congress, corrosive influence, insider, republican lawmakers, Singh, support 
No Comments »Major stock indexes post biggest January gains in 15 years
February 2nd, 2012 admin Diane Alter – AHN News Reporter New York, NY, United States (AHN) – January was good for stocks and commodities. Major stock indexes in the United States closed out the first month of the year with the largest gains in 15 years. While the Dow Jones Industrial Average declined 20.81 points Tuesday, the last day [...]
Wall Street up Thursday on follow-through from Fed comments
January 26th, 2012 admin Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks opened higher Thursday as investors continued to focus on comments from the Fed and better than expected corporate earnings. Just before 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 66 points, the Standard & Poor’s 500 [...]
Vodafone wins Indian court battle against $2.2 billion tax
January 20th, 2012 admin Linda Young – AHN News Writer New Delhi, India (AHN) – Vodafone Group Plc won a court victory in its 4-year tax battle against the demand by India’s government to pay $ 2.2 billion in taxes for its $ 10.7 billion purchase of Hutchison Whampoa Ltd. in 2007. India’s Supreme Court ruled in Vodafone’s favor [...]
Posted in Stock Market Tags: AHN, bharti airtel ltd, Essar, hutchison whampoa, hutchison whampoa ltd, IPO, Ltd, Vodafone, vodafone group plc No Comments »Bank of America posts a profit
January 20th, 2012 admin Linda Young – AHN News Writer New York, NY, United States (AHN) – Bank of America reported a fourth-quarter profit of $ 2 billion compared with a $ 1.2 billion loss in the same period in 2010. The nation’s second largest lender said it had a full-year net profit of $ 1.4 billion compared with [...]
Posted in Stock Market Tags: business shares, linda young, mortgage loans, sub prime mortgage No Comments »Ban on bureaucrat investments rocks bourse in Bangladesh
January 19th, 2012 admin Saleem Samad – AHN News Correspondent Dhaka, Bangladesh (AHN) – Thousands of small investors took to the streets in Bangladesh Wednesday after the country’s stock index dipped to 4695.57 points, losing 168.72 points or 3.46 percent, at the close of trading. As the index tumbled inside, outside the Dhaka Stock Exchange building investors protesting retail [...]
Posted in Stock Market Tags: AHN, ban, bulletproof vests, business, capital, dhaka stock exchange, gas shells, index, krishna roy No Comments »Banking giant JPMorgan reports big drop in profits
January 15th, 2012 admin Linda Young – AHN News Writer New York, NY, United States (AHN) – Wall Street banking giant JPMorgan reported a steep plunge in its quarterly earnings Friday morning caused by large losses in its investment banking and trading divisions. JPMorgan is the nation’s largest bank by assets. Bank officials reported that it earned $ 3.7 [...]
Posted in Stock Market Tags: AHN, asset management business, Banking, Drop, JPMorgan, linda young, percent, quarterly earnings, s real estate No Comments »