Category: Business News

Housing market ‘stuck in a rut’

UK mortgage lending remained at low levels in February as the housing market remained “stuck in a rut”, lenders say. BBC News – Business

Japan supply chain issues emerge

Apple, Sony Ericsson and General Motors are among international manufacturers facing likely shortages of parts from Japan. BBC News – Business

BOJ pumps $37bn more into market

The Bank of Japan pumps another 3 trillion yen into the country’s financial markets in a bid to ensure calm. BBC News – Business

Pakistan Official Condemns Deadly U.S. Drone Strike

The army chief said the missiles struck a peaceful meeting of tribal elders, killing 38. Pakistani intelligence officials said, however, that those killed were militants. The accusation by Gen. Ashfaq Parvez Kayani adds tension to a relationship that was already strained by the shooting deaths of two Pakistanis by a CIA contractor who was freed Wednesday. » E-Mail This     » Add to NPR Topics: News

At Japan Plant, Minor Progress, Much Frustration

U.S. officials expressed frustration Thursday at the inability to obtain information about the deepening crisis at the Fukushima Dai-ichi nuclear power plant. Meanwhile, the U.N. nuclear watchdog announced a bit of progress in efforts to reconnect power to one troubled reactor. » E-Mail This     » Add to NPR Topics: News

RBS pays £375m to 323 key staff

Royal Bank of Scotland, 83% owned by the taxpayer, says it paid 323 top people an average of £1.2m each in 2010. BBC News – Business

FedEx offers strong outlook for this quarter and beyond (Reuters)

Reuters – FedEx Corp, the No. 2 package delivery company, sees improving revenue and profit this quarter and beyond, even as fuel prices mount, and shares of the economic bellwether rose more than 4 percent. Yahoo! News: Business News