August 2009


French judges on Monday ordered ex-Societe Generale trader Jerome Kerviel to stand trial over transactions that cost the bank billions of euros (dollars), a judicial official said.

Ford was able to sell man Ford Focuses when gas prices were high or the government was paying buyers too. What will happen when that stops.If the wildly successful Cash for Clunkers program proved anything, it’s that with the right kind of financial incentive Americans will buy small, fuel-efficient cars.

Ikea, the Swedish furniture chain, says it never expected such a backlash after switching typeface in its new catalog.

OPEC is unlikely to announce a new production cut during its meeting next week, a senior Kuwaiti oil official said in remarks published Sunday.

General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 3 million.

Richard Briggs lost his job last September, and he's found few openings in the financial sector since. Over dinner in June, his wife suggested he apply for a job at the Minnesota State Fair.A year’s worth of failed job leads prepared Richard Briggs for anything, including night shifts as a Minnesota State Fair custodian.

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Are Venture Capitalists Backing Enough Startups? Startupcentral-Proto.in Venture Capital RoundTable Pune, July 25, 2009

What is stopping Orlando from being the happiest place on earth? Home prices are down by a third.Forbes: Sinking property values, high unemployment and prices, and poor environments add to the pressure felt by residents in these metros.

U.S. automakers are partying, even though they know the hangover is coming.

Angelo Cammarata pours a beer Tuesday at his bar in West View, Pa. Cammarata, 95, plans to retire after bartending for more than 70 years.A 95-year-old Pittsburgh bartender who poured his first beer only minutes after Prohibition ended is calling it quits after more than 70 years.

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