Nepal National
NepalNational.com Saturday 17th May 2008 Issue 1486
Front Page Breaking Business News
US stocks lower after a good week


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U.S. stocks closed mostly lower on Friday, with a slide in consumer confidence and surging crude oil prices fueling worries about the...


US population concerned about economic future
US citizens believe the country is in...


Economic Forum praises strength of euro currency
The annual Brussels Economic Forum conference has been looking at ways to meet the economic challenges facing the...


Ben Bernanke wants banks to raise more capital
US Federal Reserve Board Chairman Ben Bernanke has said banks and securities firms will need to keep raising capital to improve their balance sheet following credit...


Malawi tobacco rotting on auction floor
Wildly fluctuating prices have closed Malawi's tobacco commodity auction...


Australia to slow its growth
Australia's Reserve Bank has said the country's economy will only grow at a slower pace in the next couple of...


United Airlines and Continental now in talks
United Airlines and Continental Airlines in the US have been in talks for a possible...


Mini loans to be handed out in Africa
Impoverished borrowers in Africa and Asia will soon be able to receive so-called “tiny loans” from the World Bank and British-based bank Standard...


Singapore restaurants showing empty seats
There was a lower turnover in Singapore restaurants after the Lunar New Year celebration, dropping the country’s catering figures to US$289.2 million....


New management at helm of Hugo Boss
German fashion label, Hugo Boss has a new...


Asset securitization at root of banking malaise
Germany's President Horst Koehler has described the world’s banking system as “a monster that must be tamed”....


Microsoft Windows to come on low-cost laptops
The One Laptop Per Child (OLPC) project will install Windows XP on its low-cost laptops for students in developing countries, according to a joint announcement...


Icahn fights Yahoo board to spur Microsoft deal
Billionaire investor Carl Icahn officially launched a proxy fight to oust the Yahoo board in a bid to revive Microsoft's spurned deal for the Internet...


InterMune to Present at Citigroup Healthcare Conference
Posted on: Friday, 16 May 2008, 18:00 CDT BRISBANE, Calif., May 16 /PRNewswire-FirstCall/ -- InterMune, Inc. today announced that John Hodgman, Senior Vice President and Chief Financial Officer of...


Wall St ends flat as energy gains offset sentiment
NEW YORK (Reuters) - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28...


Oregon Winery Posts Record Earnings for 2007
WVVI produced its highest earnings to date despite significant constraints on inventory. Revenues increased 12% to $16,710,927, net earnings by 31% to $1,686,661 and diluted earnings per share to...


Birch Mountain reports first quarter results
All PR Newswire news CALGARY, May 16 /PRNewswire-FirstCall/ - Birch Mountain Resources Ltd. ("Birch Mountain" or the "Company") (BMD: TSX and AMEX) today reported financial results for the first...


Former Microsoft lawyer Neukom to head SF Giants
William Neukom, the Microsoft lawyer best-known for his role in the landmark antitrust case against the software giant, is now set to take on a bunch of Pirates (and Dodgers and Cubs). Neukom,...


Yahoo seeks to conceal parts of shareholder lawsuit over Microsoft offer
SAN FRANCISCO - Yahoo Inc. is seeking to conceal large portions of a shareholder lawsuit alleging the Internet company's board improperly thwarted Microsoft Corp.'s US$47.5-billion takeover offer,...


County employment data show some promise
After a sluggish winter, employment in San Diego County rebounded last month, fueled by strong hiring in hotels, restaurants and government work, according to data released by the California...


Guardian serves its defence on supermarket chain Tesco
UK news section. It was last updated at 00:05 on May 17 2008. The Guardian yesterday made a formal offer of amends to the supermarket chain Tesco over reports which had claimed that the company had...


Aqua Teen Hits the Big Screen, Frylock Tells All
gets crazy-big PR. Mission accomplished -- and in plenty of time for the April 13 cross-country rollout of the film. Of course, the Cartoon Network's marketing campaign wound up being pretty pricey:...


Most stocks drop on Wall Street
New York - Most stocks fell Friday on Wall Street, led by retailers and financial services companies, after consumer confidence slumped to the lowest in 28 years and Merrill Lynch & Co advised...


GM workers ratify local contract to end that strike
By TIM MARTINASSOCIATED PRESS WRITER LANSING, Mich. -- A striking United Auto Workers local at a key General Motors Corp. factory ratified a new contract with the company Friday afternoon and will...


California winemaking patriarch Robert Mondavi dead at 94
In this photo originally provided by Departures Magazine, wine makers Robert Mondavi, left, and his brother Peter Mondavi, hold hands at the 26th annual Auction Napa Valley at Meadowwood Resort, on...


GM Looks Past Microsoft
Of DOW JONES NEWSWIRES SAN FRANCISCO -(Dow Jones)- General Motors Corp. (GM) says it's considering whether to upgrade its computer system to Microsoft Corp.'s (MSFT) Vista operating system or to...


Treasury bond market at a glance
May 16, 2008 - 5:55 p.m. NEW YORK (AP) - Key barometers in the Treasury market late Friday compared with late Thursday. The price changes in the 10-year note and 30-year bond are per $1,000...


Retail Earnings, Home Sales Due
By Kathy Shwiff Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- After technology deals helped send the major indexes higher this week, investors will turn their attention next week to reports on...


Airport slot auctions proposed for Newark, JFK
The Transportation Department plan for Newark airport in New Jersey and New York's John F. Kennedy airport -- and a similar one announced recently for the region's other big airport, LaGuardia -- is...


DVL, Inc. Reports Results of Operations for the Quarter Ended...
All PR Newswire news NEW YORK, May 16 /PRNewswire-FirstCall/ -- DVL, Inc. (OTC Bulletin Board: DVLN) announced its operating results for the three month period ended March 31, 2008. DVL's income...


YTB International Announces Financial Results for the First...
All PR Newswire news WOOD RIVER, Ill., May 16 /PRNewswire-FirstCall/ -- YTB International, Inc. (OTC Bulletin Board: YTBLA) ("YTB" or the "Company"), a provider of Internet-based travel booking...


Debunking Microsoft Search Rumors
Powerset . Powerset is a semantic or contextual search provider, offering a departure from the generalized keyword search strategies espoused by so many search vendors these days. The consensus is...


Delphi asks court to force investors to pay $2.6 bln
DETROIT (Reuters) - Auto parts supplier Delphi Corp DPHIQ.PK filed a legal complaint on Friday against an investor group led by Appaloosa Management LP in an attempt to win a court order requiring...


As food and gas costs rise, so do financial worries
Debbie Agostino doesn't figure there's much she can do to fight the rising cost of food. "Most of our expenses are for things we need," said Agostino, a Centereach mother of four and a part-time...


Santander BanCorp Reports Earnings for the...
All PR Newswire news SAN JUAN, Puerto Rico, May 16 /PRNewswire-FirstCall/ -- Santander BanCorp (NYSE: SBP; LATIBEX: XSBP) ("the Corporation") reported a net income of $17.7 million for the...


National Holdings Corporation Reports Results for Second Quarter...
NHLD , reported financial results for the Company's second quarter ended March 31, 2008. "Like many firms on Wall Street, we experienced a difficult quarter. Recent market volatility strained...


Allegiance Bank of North America Reports Operating Results for the...
ABPA (the "Bank"), reported operating results for the quarter ended March 31, 2008. Gregg Wagner, President and Chief Executive Officer, noted the achievements of the organization: -- We...


Microsoft unveils its visual guide to the universe
Redmond: This is a different sort of Maps to the Stars. Microsoft has taken the wraps off an astonishingly vast visual guide to the universe that is powered by some of the world's best telescopes....


Microsoft Joins One Laptop Per Child Effort
Posted on: Friday, 16 May 2008, 12:10 CDT Just four months after a messy breakup with tech giant Intel (INTC), the One Laptop per Child organization on May 15 announced an alliance with another tech...


Clear Channel buyout financing settled; Hewlett-Packard plans to buy Electronic Data Systems
May 16, 2008 - 5:03 p.m. NEW YORK (AP) - Clear Channel Communications Inc. kicked off the week's biggest stories, following news that the radio and media company's stalled buyout was back...


Fannie Mae scraps higher downpayment requirements
By ALAN ZIBELAP BUSINESS WRITER WASHINGTON -- Fannie Mae is doing away with higher minimum down-payment requirements for borrowers in parts of the country where home prices are dropping. The...


Revealing Starbucks logo gets mixed reviews
By Mike Sunnucks Starbucks Corp. has a new more revealing logo of its trademark mermaid. The logo — which offers a more revealing look at the coffee chain's mermaid symbol and goes with brown...


Long Island job growth declines to 2-year low
Long Island job market declined to a two-year low in April, raising local economists' concerns about whether the region has fallen into a recession. The private sector grew 0.2 percent, or 2,100...


Wall Street may get best indicators yet about recession or economic recovery as summer begins
Joe Bel Bruno May 16, 2008 - 5:04 p.m. NEW YORK (AP) - After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point...


General Electric May Turn Switch Off on Appliances
May 16, 2008 · General Electric says it may sell off its iconic, century-old appliance division, which has placed its iconic script logo on refrigerators, ovens and air conditioners. The...


Is Marc Andreessen Through with the Press
reported from Start Up School 08 , an event at Stamford where Marc Andreessen was among the speakers who shared his unique insights with a room full of wannabe web gazillionaires. It all went...


Microsoft Open Source, Standards Chiefs Tout
Interviews with Sam Ramji and Tom Robertson reveal Microsoft is strong on building open source business models and community as well as interoperability and industry...


Financials Drag S&P Earnings to 26% Drop
DOW JONES NEWSWIRES Standard & Poor's said Friday that early data shows first-quarter earnings for companies on the S&P 500 index fell 25.9% from a year ago. S&P said this marks the...


Deliver a Presentation like Steve Jobs
Steve Jobs kicked off this year's Macworld Conference & Expo, he once again raised the bar on presentation skills. While most presenters simply convey information, Jobs also inspires. He sells...


Centuries-Old Family Businesses Share Their Secrets
View Slide Show In 2000, a few members of the Lyman family moved out of its capacious ancestral home. Though the house, set on a sprawling farm in Middlefield, Conn., had been inhabited by Lymans...