Archive for February 29th, 2008
Friday, February 29th, 2008
A continued loss of customers to competitors and a write down of most of the remaining value of its 2005 purchase of Nextel Communications Inc. swung Sprint Nextel Corp. to a fourth-quarter loss of 29.5 billion U.S. dollars.
America' ...
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Friday, February 29th, 2008
Communications network operator Level 3 Communications Inc. and IBM have signed a long-term patent cross-licensing deal, the companies said Thursday. Financial terms were not disclosed.
As part of the deal, International Business Mac ...
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Friday, February 29th, 2008
Boosted by growth in key Latin American and Spanish subdivisions, Telefonica SA's net profit rose from euro1.04 billion (1.58 billion U.S. dollars) to 1.06 billion euros (1.59 billion dollars) or 2.3 percent, the company said Thursday.
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Friday, February 29th, 2008
The Asian Development Bank (ADB) has agreed to provide soft loans totaling 880 million U.S. dollars to Vietnam, helping the country implement three projects on building expressways and roads this year, local newspaper Saigon Liberation repo ...
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Friday, February 29th, 2008
Wall Street tumbled Thursday following two reports that confirmed the economy nearly stalled late last year and unemployment claims rose last week.
The Commerce Department reported fourth-quarter gross domestic product rose by a smal ...
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Friday, February 29th, 2008
The New Zealand government is to develop a Beachheads program in China to assist New Zealand companies wanting to do business in that country, Trade Minister Phil Goff and Economic Development Minister Pete Hodgson announced on Friday.
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Friday, February 29th, 2008
Brazilian mining giant Vale announced Thursday that it had a record-high net profit of 20 billion reais (12 billion U.S. dollars) in 2007, up 49 percent from 13.4 billion reais (8 billion dollars) in 2006.
The world second largest m ...
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Friday, February 29th, 2008
The third largest UK bank, Barclays PLC, yesterday denied rumors it plans to buy a stake in China Development Bank (CDB) but said it expects a commodities deal with the bank within days.
"We met the top management of CDB on Wednesday and ...
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