Print2online CMS 4.0 http://www.abjusa.com/ ©2007 CBJ http://www.abjusa.com/files.php?file= http://www.abjusa.com/ http://www.abjusa.com/business_news/hedge_fund_looks_for_sony_shakeup.html Business News Tue, 14 May 2013 06:16:00 -0600 ABJ - May 14 - Billionaire hedge fund investor Daniel Loeb wants Sony to spin off its lucrative entertainment arm, setting the stage for a clash between the activist fund and management at the Japanese electronics maker.Loeb’s Third Point hedge fund has accumulated a little more than 6 per cent of Sony's shares – a stake worth $1.1 billion – making it the largest stakeholder http://www.abjusa.com/business_news/bhp_downgrades_spending.html Business News Tue, 14 May 2013 06:15:00 -0600 ABJ - May 14 - Mining giant BHP Billiton has confirmed its capital and exploration expenditure next year will drop to $18 billion, down from the $22 billion allotted for this year.The reason for the change centres on the need for BHP to increase returns from new investment as well as squeezing returns from installed infrastructure.CEO Andrew Mackenzie had previously said there would be no http://www.abjusa.com/business_news/commodities_on_the_downswing.html Business News Mon, 13 May 2013 05:16:00 -0600 ABJ - May 13 - Gold has lost more than 1 per cent of its value and is now selling for about $1,430 an ounce, marking its lowest level in two weeks.  Oil has also dropped to about $95 per barrel. The American dollar continues to strengthen with signs of an improving job market helping to provide added optimism. Bullion's safe-haven appeal has been dimmed http://www.abjusa.com/business_news/chinese_economic_standing_in_question.html Business News Mon, 13 May 2013 05:15:00 -0600 ABJ - May 13 - Financial analysts are speculating as to the resilience of China's economic position in light of poor factory growth in April. Fixed-asset investment also slowed, renewing concerns that an economic recovery is stalling and adding to pressure on policymakers to take action to stimulate the economy of the world’s largest country, by population.Annual industrial output grew 9.3 per cent last month, http://www.abjusa.com/business_news/u_s_issues_currency_warning_to_japan.html Business News Fri, 10 May 2013 05:35:00 -0600 ABJ - May 10 - The United States has issued a stern warning to Japan to play by the rules when it comes to the value of its currency.  It sets the stage for what could be an awkward and uncomfortable setting as the G7 finance ministers meet on the outskirts of London, England.Treasury Secretary Jack Lew said that Japan had "growth issues" that needed http://www.abjusa.com/business_news/optimism_on_jobless_claims_drop.html Business News Thu, 09 May 2013 10:01:00 -0600 ABJ - May 9 - The number of Americans filing new claims for jobless aid fell last week to its lowest level in more than five years, signaling labor market resilience in the face of fiscal austerity.The job market, flagged last week by a relatively strong April employment report, eased fears of an abrupt economic slowdown.According to figures released today by the Labor Department, initial http://www.abjusa.com/business_news/freddie_mac_profit.html Business News Wed, 08 May 2013 09:13:00 -0600 ABJ - May 8 - Freddie Mac has posted its second-largest quarterly profit in company history in the first quarter due to rising home prices, declining mortgage delinquencies and increased refinance activity.The government-controlled company is the second-largest provider of American mortgage money. It has reported net income of $4.6 billion for the first three months of the year, up from $577 million in the year-ago http://www.abjusa.com/business_news/daimler_recalls_mercedes_citan_vans.html Business News Mon, 06 May 2013 07:41:00 -0600 ABJ - May 6 - Daimler is recalling 3,500 Mercedes-Benz Citan vans in Europe because of faulty airbags.The German automaker says that window airbags will be replaced in the box-type Citan, which recently scored only three out of five stars in an NCAP crash test survey.The low score from the New Car Assessment Programme body was a black eye for Mercedes, which is struggling to http://www.abjusa.com/business_news/u_s_economy_improving_buffett.html Business News Mon, 06 May 2013 07:41:00 -0600 ABJ - May 6 - Billionaire investor Warren Buffett believes the American economy is gradually improving, helped by the efforts of Federal Reserve Chairman Ben Bernanke to stimulate it. However, the miniscule interest rates have resulted in bonds being terrible investments.During an interview with CNBC, Buffett said the economy is benefiting from improvement in areas that had not previously performed well, particularly homebuilding.Buffett, who’s the http://www.abjusa.com/business_news/april_employment_numbers.html Business News Fri, 03 May 2013 09:56:00 -0600 ABJ - May 3 - Employment rose more than expected last month and hiring was much more robust than previously thought in the prior two months, which is a good sign for the economy.Statistics from the Labor Department indicate nonfarm payrolls rose 165,000 last month and the jobless rate fell to 7.5 per cent, the lowest level since December 2008.Payrolls rose by 138,000 jobs in The American Business Journal