Finance counsels

U.K. mortgage approvals fell in March to the lowest level in at least nine years as banks shrank their lending businesses to cope with the credit-market freeze.
Banks granted 64,000 loans for house purchase, compared with 72,000 in February, the Bank of England said in London today. The result was the lowest since the […]

Filed under: news by Guru
Comments Off

Japan has followed the U.S. into every recession in the past three decades. This time may be different.
The U.S. has had five recessions since 1970, when it accounted for 30 percent of Japan's exports. Now that figure is only 20 percent, reflecting the success of companies including Toyota Motor Corp. and Hitachi Construction […]

Filed under: finance by Guru
Comments Off

Hawaii was spared an increase in air fares announced by United Airlines Thursday.
United spokeswoman Robin Urbanski said increases of between 3 percent and 5 percent would apply to flights everywhere in the U.S. except to and from Hawaii.
The fare increase, aimed at offsetting rising fuel costs, is the third this […]

Filed under: term by Guru
Comments Off

Energen Corp. reported a 12 percent boost in net income in the first quarter of 2008.
Energen’s first quarter net income jumped to $116.7 million in 2008 up from $103.9 million during the same time in 2007, according to Securities and Exchange Commission filings. Its operating revenue rose to $521.6 million in the first […]

Filed under: technology by Guru
Comments Off

President George W. Bush, meeting with South Korea's Lee Myung Bak, said he'll push for congressional approval of a free-trade agreement between the two allies and vowed to maintain pressure on North Korea to dismantle its nuclear-weapons program.
“The Korea free-trade agreement is a priority for this administration, and we will press hard with […]

Filed under: money by Guru
Comments Off

Water-use restrictions in Charlotte-Mecklenburg have been amended to allow residents to wash cars and fill pools once a week, effective Saturday.
Customers with odd-numbered addresses may use water for those purposes on Saturdays. Those with even-numbered addresses may do so on Sundays.
In early April, local regulations were amended to allow lawn […]

Filed under: technology by Guru
Comments Off

The president of a group representing builders and contractors said he's "surprised and frustrated" that the Senate Appropriations Committee on Wednesday reinstated language in a bill contractors say strengthens union power in the state.
The House of Representatives approved House Bill 1170, sponsored by Rep. John Soper, D-Thornton, and Sen. Lois Tochtrop, D-Thornton, […]

Filed under: economics by Guru
Comments Off

As news of the Delta Air Lines Inc.'s $17.7 billion merger with Northwest Airlines broke, Delta executives sent the following memo to Delta employees:
Internal Memorandum
Date: April 14, 2008
To: All U. S. - Based Delta Employees
From: Richard Anderson and Ed Bastian
Subject: DELTA AND NORTHWEST MERGE: […]

Filed under: finance by Guru
Comments Off

Bank of Canada Governor Mark Carney said an economic recovery in the U.S., which buys about three quarters of Canadian exports, is likely to be “muted.''
Carney, who took office in February, is trying to assess the effects of a potential recession in the U.S. even as spending by Canadians remains strong and near-record […]

Filed under: legal by Guru
Comments Off

The value of Frontier Airlines stock fell by nearly 70 percent Friday with the news the Denver company had filed for Chapter 11 bankruptcy protection the day before.
Frontier (NASDAQ: FRNT), the second-larger airline serving Denver International Airport, filed for Chapter 11 bankruptcy late Thursday in federal bankruptcy court in New York City […]

Filed under: management by Guru
Comments Off