Category: Business News

U.S. blizzard delays $1 billion in holiday sales (Reuters)

Reuters – A blizzard in the U.S. Northeast this weekend postponed about $ 1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday. Yahoo! News: Business News

China’s rare earths export cut raises trade concerns (Reuters)

Reuters – China has raised fresh international trade concerns after slashing export quotas on rare earths minerals, risking action from the United States at the World Trade Organization. Yahoo! News: Business News

Futures higher as year-end rally set to continue (Reuters)

Reuters – U.S. stocks index futures rose on Wednesday, indicating stocks were poised to extend a December rally as investors remained optimistic the global economic rebound will continue in 2011. Yahoo! News: Business News

Jobless ‘will reach 2.7 million’

Unemployment will increase to 2.7 million and average earnings will rise by 2% in 2011, says a leading business group. BBC News – Business

Japanese stocks edge up, miners drag on Australia (Reuters)

Reuters – Asian shares rose on Wednesday, with Japan’s Nikkei maintaining a fourth quarter rally as investors hunted bargains in one of the developed world’s cheapest markets, but Australia’s main index lagged as bad weather hit shares in mining heavyweights. Yahoo! News: Business News

Photographs To Cover Cost Of Medical Bills

In October, photographer Joao Silva lost both of his legs in a catastrophic landmine explosion. An auction of his photographs was recently organized in South Africa to defray the cost of medical bills. » E-Mail This     » Add to Del.icio.us NPR Topics: News

Investor doubts linger over holiday sales upside (Reuters)

Reuters – New sales data confirm that retailers are poised to show their best holiday season in three years, but investors seemed unimpressed as concerns mount that shoppers will pull back in the new year. Yahoo! News: Business News