Most interesting finance and busines news.
Despite tough times for the auto industry, Denver area auto dealer Lisa Schomp is set to open a new 86,000-square-foot BMW dealership next month, the first in the state to sell the new BMW Hydrogen 7 car.
The $20 million dealership — which will be called Schomp BMW — is located at C-470 and Lucent Boulevard […]
Filed under: news by Guru
Comments Off
Prime Minister Gordon Brown said the U.K. has the ability to increase government borrowing to support the economy, his latest effort to show he is taking steps to counter the slowdown.
Brown's words come on the eve of the Labour Party's annual conference and follow weeks of sniping from lawmakers calling for him to […]
Filed under: news by Guru
Comments Off
Industrial production in the U.S. fell in August by the most in almost three years as the slowdown in consumer spending prompted automakers to cut back.
The 1.1 percent decrease in production at factories, mines and utilities was more than forecast, Federal Reserve figures showed today. Car output slumped 12 percent, the most in […]
Filed under: news by Guru
Comments Off
Bargain Chinese property projects will be up for grabs in coming months as developers scramble to survive falling home sales and a funding crunch.
But circling foreign funds can no longer expect a big firesale as the government eases its tough steps to cool the market, fearing mass bankruptcies and a property price slide that […]
Filed under: news by Guru
Comments Off
State and local officials gathered in St. Paul Friday to declare the just-completed Republican National Convention a success, saying that the Twin Cities metro area won acclaim and new business from conventioneers and visitors during the four-day event.
Gov. Tim Pawlenty said that feedback from attendees and media had been strongly positive and would help boost […]
Filed under: news by Guru
Comments Off
Arizona Corporation Commission member Gary Pierce and Arizona Rep. Kirk Adams have filed their own brief in a lawsuit filed by the Goldwater Institute regarding a fee established for alternative energy.
Pierce and Adams filed the brief Wednesday, arguing that the ACC staff’s response was inappropriate in defending the commission’s role in allowing Arizona […]
Filed under: news by Guru
Comments Off
The Hawaii Medical Center has filed for Chapter 11 bankruptcy reorganization, blaming skyrocketing health-care costs and a slower-than-expected implementation of its turnaround plan because of a cash shortfall.
Hospital officials filed in U.S. Bankruptcy Court in Delaware Friday on behalf of its two subsidiaries, HMC East and HMC West, which were the previous St. Francis hospitals […]
Filed under: news by Guru
Comments Off
Japanese Prime Minister Yasuo Fukuda, facing elections within a year, plans to spend about 2 trillion yen ($18 billion) to revive the world's second-largest economy.
Included will be 400 billion yen earmarked for a small and midsize company credit-guarantee program that would back about 9 trillion yen of loans, bringing the package's size to […]
Filed under: news by Guru
Comments Off
Australia's central bank is in a position to cut interest rates from a 12-year high because consumers have trimmed spending enough to cool the economy and inflation, said Deputy Governor Ric Battellino.
“We cannot wait to see a fall in inflation before we start cutting rates because by then it would be too late,'' […]
Filed under: news by Guru
Comments Off
JN Automotive is showing off its latest line of ultra-luxury automobiles this weekend.
Bentley Honolulu will offer a preview of the luxury line of cars on Sunday to JN Automotive clients and Waialae Country Club members at a special showing at the country club.
JN Automotive is the exclusive dealer in Hawaii […]
Filed under: news by Guru
Comments Off