Business News Blog

Most important business news log

Small-Business Mood Plummets

More owners are worried about where the economy is headed, a survey finds.
Read more
Related PostsSmall-Business Mood ImprovesMore owners expect the economy to pick up in the months ahead, a survey finds.Read moreSmall Business Mood ImprovesDespite a more positive outlook, owners continue to worry about cash flow, a survey finds.Read more

Digital music showdown

(Fortune) — For five years, Apple (AAPL, Fortune 500)’s iTunes Music Store has been the Internet’s most successful music store. But now that music publishers are seeking a higher share of its proceeds, Apple is threatening to shutter iTunes rather than satisfy their demand.
Read more
Related PostsMySpace sets music free(Fortune Magazine) — Myspace founders Chris DeWolfe [...]

‘Markets Urgently Need US Bail-Out’

Earlier German Chancellor Angela Merkel called on US lawmakers to approve the bill this week.
Read more
Related PostsSenate Passes New Bail-Out BillThe upper house of the US Congress rescued the proposals, seen by many Americans as a bail-out for W…All Eyes On US For Crunch Vote










London plunges after US $700bn bank bailout fails$

The
$700bn bet that failed | The
World is heading for a recession | Leader:
a dangerous moment | Feds
join global effort | The
bailout will happen | Depositors
flee Glitnir | Sarkozy
summons French bankers | Citigroup
buy Wachovia | Mitsubishi
shore up Morgan Stanley | Third
sale of assets for Lehman | Asia
markets drop$
Read more
Related PostsGlobal panic on markets as US bailout [...]

FDIC Announces Citigroup to Buy Wachovia

Citigroup has agreed to buy Wachovia bank in a deal backstopped by taxpayers and brokered by the Federal Deposit Insurance Corp. to avoid another major corporate failure in the midst of the ongoing financial crisis.

Read more
Related PostsCiti: Judge blocks Wachovia-Wells dealNEW YORK (CNN) — A New York State judge has temporarily blocked the merger [...]

European banks rescued as U.S. bailout vote nears (Reuters)

But questions abound as to whether the U.S. financial rescue plan, which would use taxpayer funds to buy up bad mortgage debt, would restore confidence to shaky markets and head off a deeper economic downturn.
Read more
Related PostsBailout plan could soon face House vote
(Reuters)WASHINGTON (Reuters) –
The House of Representatives could [...]

3 Tips For Selling a Business to Pump Up Your Price

Want to increase the sales price of your business by two or three times? Who wouldn’t? Do you realize that of all the businesses that are put on the market, seventy percent of them never sell? Follow these 3 steps and no only will you sell your business but you will increase your sales price [...]

Kevin Rudd wants debt to fund nation

THE Federal Government is prepared to become a borrower for the first time in more than a decade to fund its ambitious infrastructure building program.
Read more
Related PostsAre you an average Australian?

Stacking up…the average Australian is worth just over $250,000, is in mortgag…Brace for recession, warns Rudd

KEVIN [...]

Gene machine

SAN FRANCISCO (Fortune) — Silicon Valley operates on potential. Employers may not like it, but talented engineers switch jobs like Pony Express horses so they can be at a company that has a shot at dominating the future. Google (GOOG, Fortune 500) and Apple (AAPL, Fortune 500) (after the return of Steve Jobs) were those [...]

Abbey To Buy B&B Savings















Spanish banking giant Santander, which owns Abbey, has announced it will take over the retail deposits and branch network of troubled mortgage bank Bradford & Bingley in a deal worth around £400m.








Santander is to take over part of troubled lender Bradford & Bingley



The news comes as the Government is expected to announce plans to nationalise [...]

© Business News Blog