Posts Tagged ‘economy’

Fitch downgrades Japan’s credit rateing

Linda Young – Fourth Estate Cooperative Writer Tokyo, Japan (4E) – Ratings agency Fitch downgraded Japan’s sovereign credit rating Tuesday from an AA to A+ and warned that further downgrades might be necessary. That is still an investment grade rating, but it is just above the ratings of troubled Italy and Spain. It was the [...]

Cannes Fashion Show to feature Alexander Wang, Roberto Cavalli

Some of the fabled and iconic designers to be featured at the upcoming amfAR’s Cinema Against Aids gala during the Cannes Film Festival are the legendary Alexander Wang, Balenciaga, Roberto Cavalli and many other celebrated names in the industry. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

“Banana Aids” threatens social fabric on Idjwi island

More than half of mountainous South Kivu in the Democratic Republic of Congo (DRC) is infected by banana xanthomonas wilt (BXW), often referred to by farmers as “Banana AIDS”. The incurable disease is wiping out bananas and plantains grown at high altitudes and spreads easily. IRIN looked at the disease and how people are being [...]

Eaton buys Cooper Industries for $11.8 billion

Eaton, a U.S. industrial equipment manufacturer, agreed Monday to buy Cooper Industries, an Irish maker of electrical equipment, in a $ 11.8 billion deal. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

The GAP gets its groove back with earnings uptick

After years of being accused of selling boring, understated, muted clothes, The Gap has got its grove on. The company late last week reported earnings of 47 cents a share, a penny ahead of estimates, and 17 percent better than the same period a year ago. Article © AHN – All Rights Reserved Economy, Business [...]

U.S. adds anti-dumping tariffs to Chinese solar panels

The U.S. Commerce Department has taken action against China’s communist government illegally dumping its products on America’s markets by imposing a 31 percent tariff on solar panels. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Senate confirms Federal Reserve nominees

The Federal Reserve will soon have a full roster, the first time in six years, as the Senate confirmed Thursday two of President Obama’s nominees to the central bank. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Bret Michaels settles lawsuit over Tony awards injury

Poison front man Bret Michaels agreed for a settlement reported Tuesday regarding his lawsuit against Tony Awards and CBS following a serious injury during a performance in 2009. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Skechers to pay $40 million to settle false ad claims

Skechers will pay $ 40 million to settle charges that the company made false claims that its Shape Up shoes would work wonders for wearers. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

French lingerie exhibit gets intimate

An intimate display of intimate wear will open next month in Paris, it will trace the evolution of France’s storied lingerie industry from the creation of the country’s corsetry industry in 1880 to the present. Article © AHN – All Rights Reserved Economy, Business And Finance Stories