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Visa is to pay $2.1 billion to its credit card rival American Express to settle damages relating to a 2004 antitrust lawsuit. The Visa International Service Association or VISA of San Francisco, California, USA, commonly called VISA, is an economic...
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With oil futures nearing $97 a barrel, the price of home heating oil is rising this winter, following record gas prices. A fuel service made a residential delivery in Guilderland, N.Y.
But this year, high oil prices are upsetting that seasonal rhythm....
Robert E. Rubin, who was named Citigroup’s chairman after the departure of Charles O. Prince III, has moved quickly to deal with the turmoil that has engulfed the banking giant. He expressed the board’s commitment to Citigroup’s...
Facebook has come out with plans for advertising based revenue and is now trying to woo its customers.
Facebook is giving users some control over whether to share information on their buying habits and other online activities with friends. For the...
Microsoft has fired its chief information officer, Stuart L. Scott, for violations of company policies. Microsoft declined to give the exact reason for the dismissal.
‘Stuart Scott’s employment with Microsoft was terminated after an...
415 billionaires is what the US has. This is by the last count of Forbes magazine. Who’s No. 2 you may ask? China.
A year ago, there were 15 billionaires in China. Now, there are more than 100, according to the widely watched Hurun Report. Forbes...
Executives on Wall Street may be the latest victim of the subprime mortgage collapse and the tight credit market. Bonuses are expected to go down by at least 15 percent.
Wall Street is a city street in lower Manhattan in New York City in the United...
The International Energy Agency warned that demand for oil imports by China and India will almost quadruple by 2030 and could create a supply ‘crunch’ as soon as 2015 if oil producers do not step up production, energy efficiency fails to...
The Federal Reserve is likely to cut interest rates by a quarter-point to 4.5 per cent when policy meeting concludes. But the debate among Fed policymakers will be more finely balanced than is suggested by the odds in the futures market - in which a...
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Mark Zuckerberg, the founder and chief executive of the superhot social network, today announced what the company calls ’social ads.’ This will effectively turn its users into spokespersons for Facebook’s advertisers.
Facebook is a...
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