Archive for March 27th, 2008

Starbucks faces another tip-sharing lawsuit

Thursday, March 27th, 2008

Starbucks has been sued for tips again. This time by a former barista who say the company wrongly required him to share tips with shift supervisors. The lawsuit comes five days after a California judge considering a similar case orde ...

Herb Peterson, Egg McMuffin inventor, dead at 89

Thursday, March 27th, 2008

The inventor of the Egg McMuffin, Herb Peterson (who had a hankering for eggs Benedict), died at age 89, a Southern California McDonald's official said Wednesday. Peterson died peacefully Tuesday at his Santa Barbara home, said Monte ...

Malaysia to hold 13th Asia Oil and Gas Conference

Thursday, March 27th, 2008

The 13th Asia Oil and Gas Conference (AOGC) will be held on June 8-10 here this year, the organizers said here on Thursday. The annual conference is being organized by Malaysia's state-run oil company Petronas and other Malaysian th ...

Thailand’s FPO looks to higher economic growth for 2008

Thursday, March 27th, 2008

Thailand's Fiscal Policy Office has revised its economic growth estimate for this year upward to 5.6 percent from 5 percent projected earlier, citing improved local consumption and private spending, the Thai News Agency reported Thursday. ...

Thomson shareholders approve Reuters takeover deal

Thursday, March 27th, 2008

Shareholders of Thomson Corp. voted Wednesday in favor of its takeover of Reuters Group PLC which is worth 17 billion Canadian dollars (17 billion U.S. dollars), Canadian Press reported. The vote was 99 percent in favor of the deal, ...

U.S. inventories of gasoline, distillates decline last week

Thursday, March 27th, 2008

U.S. commercial crude oil inventories were unchanged last week while stockpiles of gasoline and distillates decreased more than expected, the Energy Department reported Wednesday. In the week ended March 21, the nation's commercial ...

US firms cash in on Iraq war

Thursday, March 27th, 2008

General Dynamics Corp, Harris Corp and L-3 Communications Holdings Inc benefited most among the Pentagon's 25 largest military suppliers from five years of war in Iraq, based on a combination of conflict-related sales and stock gains. Ge ...

Moody’s points to huge potential of Islamic finance

Thursday, March 27th, 2008

The Islamic finance industry in Africa is set to expand to as much as $235 billion as economic growth accelerates and the continent attracts investments, Moody's Investors Service said. Islamic banking in Africa is still in its "infancy" ...