Posts Tagged ‘AHN’

Fears of looming food shortage in Burundi

There are fears of a looming food shortage in Burundi after heavy rains damaged two successive harvests, say officials. The affected crop accounts for the country’s June to December harvest that represents 15 percent of the annual production. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Wall Street up Thursday on follow-through from Fed comments

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 […]

Supreme Court tax case to determine extent of IRS enforcement authority

Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – The U.S. Supreme Court plans to issue a ruling in a corporate tax shelter case this spring at a time of uncertainty in the tax laws. Some tax breaks for individuals and corporations are scheduled to expire next month but Congress is […]

Vodafone wins Indian court battle against $2.2 billion tax

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 […]

Ban on bureaucrat investments rocks bourse in Bangladesh

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 […]

Banking giant JPMorgan reports big drop in profits

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 […]

U.S. stocks edge up ahead of earning season

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks moved up slightly Monday morning as earning season gets underway. Right out of the gate, the Dow Jones Industrial Average rose 10 points, the Standard & Poor’s 500 Index was up less than a point and the NASDAQ was better […]

PIMCO draws $60 billion in 2011 to top mutual fund inflows

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – Giant asset manager Pacific Investment Management Co. attracted more cash than any of its rivals in 2011, even as its flagship PIMCO Total Return Fund, the world’s largest bond fund, suffered its first ever calendar year of outflows. Pimco’s actively managed bond and […]

Kodak shares plunge on report company might seek bankruptcy protection

Linda Young – AHN News Writer Rochester, NY, United States (AHN) – Eastman Kodak Co. stock shares plunged 28 percent in value on speculation that the 131-year-old photography company is preparing to seek bankruptcy protection. Kodak once ranked among America’s largest corporations. The former blue chip company once attracted engineers, scientists and Ph.D.’s from around […]

U.S. stocks quiet Friday after stronger than expected jobs reports

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The U.S. economy gained 200,000 jobs in December, the Labor Department said Friday. But the stronger than expected report did little to goose stocks. Just after the opening bell on Wall Street, the Dow Jones Industrial Average was off 51 points, the […]