International Business News - business http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Automakers face skeptical senators on aid plan WASHINGTON (AP)--U.S. automakers drew fresh skepticism from lawmakers Thursday in a rocky confrontation over their pleas for an expanded $34 billion rescue package they say they need to survive. Congressional analysts said one bailout plan under consideration would fall short of what the carmakers want. http://www.ibtimes.com/articles/20081204/business-highlights.htm Thu, 04 Dec 2008 18:14:56 EST A handful of business services companies saw shares retreat Thursday after a Goldman Sachs analyst downgraded their stocks, adjusting for slower technology spending from businesses as consumers pull back. http://www.ibtimes.com/articles/20081204/sector-snap-business-services-slide-on-downgrade.htm Thu, 04 Dec 2008 16:08:01 EST UAW grants concessions, exec warns of depression DETROIT (AP)--Worried about their jobs and warned that the cost of failure could be a depression, hundreds of leaders of the United Auto Workers voted overwhelmingly Wednesday to make concessions to Detroit's three struggling automakers, including all but ending a much-derided program that let laid-off workers collect up to 95 percent of their salaries. http://www.ibtimes.com/articles/20081203/business-highlights.htm Wed, 03 Dec 2008 20:00:33 EST At suburban Detroit's Henry Ford West Bloomfield Hospital, patients will indulge in gourmet room service, stroll walking trails and take cooking classes. A former Ritz-Carlton executive is running the show. http://www.ibtimes.com/data/articleimgs/188138-business-of-life.jpg http://www.ibtimes.com/articles/20081203/hospitals-raise-perk-ante-to-draw-treat-patients.htm http://www.ibtimes.com/articles/20081203/hospitals-raise-perk-ante-to-draw-treat-patients.htm Wed, 03 Dec 2008 18:06:36 EST Ford tells Congress it may be able to go it alone WASHINGTON (AP)--Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a huge bailout Tuesday, pledging to slash workers, car lines and executive pay in return for a federal lifeline. http://www.ibtimes.com/articles/20081202/business-highlights.htm Tue, 02 Dec 2008 18:56:03 EST Mumbai is largely back open for business, but if the government doesn't improve the nation's security India Inc. may sink, corporate leaders say. While few say the recent terror attacks will derail India's economy, there are concerns that foreign investment will decline as companies re-evaluate the risk of doing business in India. Mumbai's high-profile businesses--finance and film--will likely continue to grow, but business executives acknowledge concern about long-term damage to the country's reputation. http://www.ibtimes.com/data/articleimgs/187638-india-shooting.jpg http://www.ibtimes.com/articles/20081202/security-tops-india-inc-s-concerns-after-attacks.htm http://www.ibtimes.com/articles/20081202/security-tops-india-inc-s-concerns-after-attacks.htm Tue, 02 Dec 2008 20:24:46 EST Down we go again: Fourth-worst drop ever for Dow NEW YORK (AP)--The stock market suffered one of its worst days since the financial meltdown, slicing 680 points off the Dow Jones industrial average to close Monday at about 8,149 as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession. http://www.ibtimes.com/articles/20081201/business-highlights.htm Mon, 01 Dec 2008 18:52:19 EST Black Friday shoppers out in force, but cautious NEW YORK (AP)--Shoppers, who had snapped their wallets shut since September, turned out in force Friday to grab early morning deals and hard-to-find toys like Elmo Live, but many said worries about the economy have them focusing on fewer gifts and less expensive, more practical items. http://www.ibtimes.com/articles/20081128/business-highlights.htm Fri, 28 Nov 2008 18:00:50 EST The terror attacks that rocked India's financial capital may depress stocks, dampen tourism and slow new investment, but are unlikely to inflict long-term damage on the nation's economy, analysts and business people said Thursday. http://www.ibtimes.com/data/articleimgs/183398-india-shooting.jpg http://www.ibtimes.com/articles/20081127/mumbai-attacks-seen-denting-business-confidence.htm http://www.ibtimes.com/articles/20081127/mumbai-attacks-seen-denting-business-confidence.htm Thu, 27 Nov 2008 15:49:14 EST Dow, S&P 500 clinch 4th straight winning session NEW YORK (AP)--A stock market gaining confidence in the nation's financial system bolted higher Wednesday, propelling the Dow Jones industrials and Standard & Poor's 500 index to their first four-day advance since last spring. http://www.ibtimes.com/articles/20081126/business-highlights.htm Wed, 26 Nov 2008 18:10:37 EST An operator is standing by--at home. Companies that supply customer service agents to businesses around the world say they are saving money and attracting better employees by letting them work from their own houses. Using Internet telephone technology, the operators are able to answer questions and hear out complaints as if they were working in a sprawling call center in an office park. http://www.ibtimes.com/data/articleimgs/182406-business-of-life.jpg http://www.ibtimes.com/articles/20081126/more-call-center-work-done-at-home.htm http://www.ibtimes.com/articles/20081126/more-call-center-work-done-at-home.htm Wed, 26 Nov 2008 15:31:25 EST Wall Street extends Dow's rally to third day NEW YORK (AP)--Wall Street showed some signs of stability Tuesday as investors, heartened by government plans to aid consumer lending companies, selectively bought more stocks following a huge two-day rally. Gains in blue chips gave the Dow Jones industrials and the Standard & Poor's 500 index their first triple-session advance in more than two months. http://www.ibtimes.com/articles/20081125/business-highlights.htm Tue, 25 Nov 2008 19:18:44 EST Government plans massive Citigroup rescue effort WASHINGTON (AP)--Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion into the company. http://www.ibtimes.com/articles/20081124/business-highlights.htm Mon, 24 Nov 2008 18:16:36 EST New York City's small businesses saw a sharp drop this year in the number of loans guaranteed by the government. Reps. Anthony Weiner of Queens and Nydia Velazquez of Brooklyn released data showing a nearly 40 percent drop of loans guaranteed by the Small Business Administration in the budget year that ended in September. http://www.ibtimes.com/articles/20081124/nyc-small-business-loans-drop-in-2008.htm Mon, 24 Nov 2008 14:51:58 EST Stocks surge on report of Geithner nomination NEW YORK (AP)--Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task of righting the U.S. financial system. http://www.ibtimes.com/articles/20081121/business-highlights.htm Fri, 21 Nov 2008 19:02:08 EST Stocks tumble for second day; Treasurys surge NEW YORK (AP)--Stocks plunged for a second straight day Thursday, falling to a range not seen in more than five years as financial and energy stocks tumbled while demand for the safety of government debt spiked to historic levels. http://www.ibtimes.com/articles/20081120/business-highlights.htm Thu, 20 Nov 2008 19:11:13 EST Dow falls below 8,000, S&P at 5-year low NEW YORK (AP)--Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and worries over the fate of Detroit's three automakers. http://www.ibtimes.com/articles/20081119/business-highlights.htm Wed, 19 Nov 2008 19:02:39 EST A government plan mandating insurance coverage for all Americans could rake in revenue for commercial health insurers, but whether that revenue would trickle down to robust profit growth remains to be seen, according to Wall Street analysts. http://www.ibtimes.com/articles/20081119/mandate-would-be-good-for-insurer-sales-profit.htm Wed, 19 Nov 2008 16:41:06 EST Wall Street pulls off final-hour rebound NEW YORK (AP)--Wall Street rebounded Tuesday in another turbulent session, as investors rushed back into the market after the Standard & Poor's 500 index tested a 2003 low. http://www.ibtimes.com/articles/20081118/business-highlights.htm Tue, 18 Nov 2008 18:55:31 EST Stocks finish lower as recession worries deepen NEW YORK (AP)--Wall Street finished sharply lower Monday as investors pored over more signs of economic weakness, including a huge round of layoffs at Citigroup Inc. http://www.ibtimes.com/articles/20081117/business-highlights.htm Mon, 17 Nov 2008 19:17:36 EST