Services

New York, November 7 -- In yet another case of bank failure, United Commercial Bank was closed Friday, bringing the total to 120 this year.

It hasn't been a top-notch earnings season for the
oilfield services sector.

When is

coming out of a recessionpotentially a bad thing? When
you're in the business of saving your customers money. As
customers loosen their purse strings a little, they may be
less interested in your services.

New York, November 5 -- Beating analysts expectation, News Corp, the global media conglomerate owned by Rupert Murdoch, has reported 11 percent increase in profits for the first quarter.

Washington -- Auditors in a limited study of stimulus spending found a majority of U.S. Department of Housing and Urban Development grants went to questionable agencies.

Zurich, November 3-- Swiss bank UBS AG posted a third quarter loss of 564 million Swiss francs ($542 million) Tuesday, after being hit by accounting charges of 2.15 billion francs.

Washington -- U.S. college presidents making more than $1 million are becoming more commonplace, a Chronicle of Higher Education survey indicates.

New York, November 2 -- As the nation’s economy is back on road to recovery, Federal Reserve officials are expected to meet this week to consider whether to continue fiscal stimulus that has been pumped into the economy.

New York, November 2 -- In the fifth-largest bankruptcy in the history of United States, CIT Group Inc., one of the leading small and medium sized businesses, filed for bankruptcy Sunday.

New York, November 1 -- In an all-embracing jailhouse interview, Bernard Madoff, the mastermind behind the multi-billion-dollar ponzi scheme, divulged it all to SEC Inspector General David Kotz.