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Moody's Cuts Ireland Credit Rating Over Debt Woes (Jul-19, 09:33 EDT )-- The Moody's agency cut Ireland's credit rating, citing the country's swelling national debt, the unpredictable cost of its bank-bailout plans and its weak growth prospects for the next three to five years.
Wall Street Indexes Begin Week Higher (Jul-19, 09:10 EDT )-- Traders will get more insight into the banking sector when Goldman Sachs and Morgan Stanley report results later this week.
This Week's Health Industry News (Jul-19, 08:56 EDT )-- Congress and F.D.A. are to review genetic testing this week while some major drug makers report their second-quarter earnings.
On The Relevance Of 'Consumer Reports'; Or, The Magazine That Made Apple Jump (Jul-19, 08:19 EDT )-- Although technology blogs and magazines had cried foul for several weeks, arguing that the smartphone had a hardware problem, Apple didn't do much until the iPhone 4 lost its "recommended" status in Consumer Reports.
Investors Back New China Business News Outlet (Jul-19, 08:16 EDT )-- Cai Business Indepth is aiming to become a major provider of reliable financial news and analysis about China, in English.
U.S. Allows BP to Keep Gulf Oil Well Closed for Another Day (Jul-19, 08:15 EDT )-- Despite concerns about problems on the seafloor near the well, government officials on Monday said they would allow the pressure test to continue.
BP Says It Has Spent Nearly $4 Billion On Spill (Jul-19, 07:44 EDT )-- Oil company BP says that the cost of dealing with the Gulf spill has now reached nearly $4 billion. The company, which last week managed to place a temporary cap on the leak, said it has made payments totaling $207 million to settle individual claims...
Boeing Gets Order for Up to 30 Jets From Dubai (Jul-19, 07:10 EDT )-- The deal is a sign that commercial aviation, and Boeing’s fortunes, are starting to recover from the recession.
Nokia Siemens Buys Motorola Unit for $1.2 Billion (Jul-19, 06:50 EDT )-- The acquisition of Motorola’s telecommunications network equipment business gives Nokia Siemens a stronghold in the cutthroat mobile gear market.
The New Republic: Dominating The China Market (Jul-19, 06:45 EDT )-- American and European companies have vied for centuries to dominate what used to be called "the China market." James Mann of The New Republic argues Western business leaders still don't seem to grasp that, increasingly, China wants to keep that market...
Hungary Resists New Budget Cuts Despite Pressure (Jul-19, 06:15 EDT )-- Markets in Budapest were rattled after the government insisted that it would not impose further austerity measures this year despite pressure from its international creditors.
Is Another Economics Possible? (Jul-19, 05:00 EDT )-- A new way of looking at economics is emerging that emphasizes worker participation, cooperation and altruism, an economist writes.
Moody’s Cuts Ireland’s Credit Rating (Jul-19, 04:19 EDT )-- Moody’s downgraded Ireland’s sovereign bond rating by one notch to Aa2, citing weaker growth prospects and the costs of rebuilding the country’s banking system.
Britain Hiring U.S. Banker to Help Sell Stakes in RBS and Lloyds (Jul-19, 04:04 EDT )-- The British government hired an American investment banker Monday to help it manage and sell its stakes in Royal Bank of Scotland and Lloyds Banking Group.
New Delhi Airport Terminal Parallels India Rise (Jul-19, 03:00 EDT )-- The new international terminal that will soon open at New Delhi airport is more than just a spectacular building. Its proponents say it marks a coming of age for the aviation business in South Asia.
North Korea's 'Currency Reforms' Hurt Thousands (Jul-19, 03:00 EDT )-- North Korea's "currency reforms" introduced last fall have had disastrous human consequences. It wiped out the savings of North Koreans, and may have fueled more popular discontent with the regime. Los Angeles Times reporter Barbara Demick writes about...
Moody's Downgrades Ireland's Debt Rating (Jul-19, 03:00 EDT )-- Moody's on Monday downgraded Ireland's debt rating one notch. The agency said the country's mounting debt and weakened banks would contribute to lower economic growth in the years ahead. It's not good news for Ireland. The lower rating means the...
Boeing's Troubled Dreamliner Makes Debut (Jul-19, 03:00 EDT )-- Boeing's New 787 Dreamliner makes its international debut at the Farnborough Airshow in England on Monday. Boeing has more than 800 orders for the fuel-efficient aircraft, but the project has suffered repeated delays, and the first planes are not...
Economists: Recovery Continues, But More Slowly (Jul-19, 00:05 EDT )-- The National Association for Business Economics said its latest survey, released Monday, found 31 percent of businesses added workers between April and June, the highest level in three years.
Advertising: Pepsi Campaign Restarts the Cola Wars (Jul-18, 23:11 EDT )-- Pepsi is remaking a commercial featuring two delivery truck drivers, but with a twist; it replaces Coke and Pepsi with the sugarless versions Coke Zero and Pepsi Max.
Seepage Detected Near Gulf Oil Well (Jul-18, 23:05 EDT )-- Retired U.S. Coast Guard Adm. Thad Allen said the federal government authorized BP to keep the cap on the well for another 24 hours after the company pledged to closely monitor the seafloor for signs of the new leak.
In a Partnership of Unequals, a Start-Up Suffers (Jul-18, 22:15 EDT )-- A start-up struck a deal with another company. The acrimonious breakup four months later is a lesson in keeping tabs on who did the innovating.
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