Nortel Networks Corp. dropped 15% Friday after it reported a net loss of $113-million (23 cents a share) for the second-quarter as restructuring charges and currency exchange losses weighed, the company said.
Read full story
Citigroup Inc. said Friday the U.S. Securities and Exchange Commission has opened a formal probe into possible violations of federal securities laws in connection with the sale of auction-rate securities.
Read full story
The U.S. unemployment rate hit its highest level in four years during July as employers cut non-farm jobs for a seventh straight month, though less severely than predicted, a Labor Department report on Friday showed.
Read full story
The Toronto Stock Exchange’s main index tumbled more than 100 points on Friday afternoon, as materials shares fell and a warning from Nortel Networks over a tough U.S. market dragged the tech sector down.
Read full story
Comcast Corp., the largest U.S. cable-television provider, was ordered by the U.S. Federal Communications Commission to stop blocking Internet access for customers who share videos and other files online.
Read full story
IndyMac Bancorp Inc., once one of the largest U.S. mortgage lenders, has filed for bankruptcy protection, less than three weeks after being seized by federal regulators following a bank run by depositors.
Read full story
Wal-Mart Stores Inc. is mobilizing U.S. store managers to lobby against Democrats in November’s presidential election, fearing they will make it easier for workers to unionize, The Wall Street Journal reported on Friday.
Read full story
The meltdown in the global car industry claimed more victims on Friday as General Motors lost another US$15.5-billion, BMW warned on profits and Nissan earnings widely missed expectations.
Read full story
BBC NewsThis gem of the East is a five-star treat for foodiesLiverpool Echo, UK - Jul 31, 2008We ordered a cashew nut and green pea curry (£8.95) alongside a coconut rice (£3.75) to share. CSC already has won a string of awards and it’s not hard to …WFP says 30 % Sri Lankan Lanka TimesSouth Asian states to intervene for SAARC 'food security' despite … Lanka Business OnlineDhaka asks Delhi to inquire into border clash The New NationTamilSydney.com - Livemintall 694 news articles
Read full story
Rice water weevils and invasive speciesDelta Farm Press, NE - 5 hours agoBut it hasn’t been found in rice, yet.†The snail is an important pest in Asia. It has also been found in Texas rice fields, but hasn’t yet caused …
Read full story