Archive for the ‘Business News’ Category

Earnings Preview: Apple Inc.

SEATTLE – Apple Inc., maker of Macintosh computers, the iPhone and other gadgets, reports its fiscal second-quarter results after the stock market closes Tuesday.
WHAT TO WATCH FOR: Wall Street expects strong iPhone sales to carry Apple’s quarterly results — it’s a profitable piece of hardware and Apple has continued to expand the number of countries [...]

Chavez: China to devote $20B to Venezuela projects

CARACAS, Venezuela – President Hugo Chavez has announced an agreement with China that would have the Asian economic giant devote $20 billion to financing long-term development projects in Venezuela.
The Venezuelan president says the financing would go toward industrial and infrastructure projects, among other development plans.
He spoke Saturday during a televised appearance attended by China’s natural [...]

No new cuts sought for EU, IMF loans: Greek minister

MADRID (AFP) – Greek Finance Minister George Papaconstantinou insisted on Saturday that neither the EU nor the IMF has yet demanded new budget cuts or tax hikes this year in exchange for rescue loans.
“Absolutely no one has said to us that additional measures will be necessary in 2010,” Papaconstantinou told reporters after two days of [...]