Posts Tagged ‘business’

JP Morgan criticized for portfolio ties to Sudan

JP Morgan saw its shares fall in trading over a risky investment strategy that has so far cost the bank $ 2 billion, but its continued association with PetroChina could cause more trouble. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Tata plans production of cars that run on compressed air

Indian carmaker Tata Motors announced Thursday the successful demonstration of a compressed air engine in two of its cars and is now poised to mass produce vehicles that run on compressed air. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Nearly half of all Americans not earning enough to save for retirement

Nearly half of all Americans say they are not contributing to a retirement plan, according to the latest survey by LIMRA, a trade association for the financial services industry. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

China sees exports and imports slow

China saw growth in its exports slow to 4.9 percent in April, compared with 8.9 percent last year because of the slowing of economies around the world. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Okada sees Philippine casino project beating Las Vegas’ Wynn Resorts

Kazuo Okada has vowed to beat the Las Vegas casino operations of his estranged partner, U.S. gaming magnate Steve Wynn, with his own $ 2 billion casino in the Philippines. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

German exports and imports rise during March

Germany saw its exports grow in March by 0.9 percent over February. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Samsung, Visa team up for limited edition Galaxy S III for Olympians

Samsung and Visa are joining forces for a limited time for a limited ediction Galaxy S III that will available to Olympic atheltes and trialists competing in the Summer Games. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Nevada issues first license for diverless car

Nevada has become the first state to issue an “autonomous” license for a driverless car, and the lucky recipient of internet search giant Google. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Abbott Labs agrees to $1.6 billion Depakote settlement

Abbott Lab has plead guilty and agreed to pay $ 1.6 billion over allegations that it promoted Depakote, an anti-seizure drug, for uses not approved by the FDA. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Chrysler recalling 119,000 cars

Chrysler is recalling some 119,000 Chrysler 300 and Dodge Charger sedans due to a problem that could cause the anti-lock brakes and electrnic stablityy control systems to malfunction. Article © AHN – All Rights Reserved Economy, Business And Finance Stories