Business

New York, November 20 -- According to a recent report by the Mortgage Bankers Association Thursday, delinquencies and home repossessions are rising like never before, the chief reasons being job losses and easy money lending.

Seoul-- The June 2007 South Korea-U.S. free trade agreement cannot be renegotiated, a South Korean presidential official said Friday.

Washintgton -- The U.S. Consumer Products Safety Commission announced a voluntary recall of Perfect Flame gas grills due to risk of fires and burns.

Washington -- The Consumer Product Safety Commission announced a voluntary recall of Yayita baby hammocks due to fall and strangulation hazards.

Los Angeles, CA, November 19 -- A recent study by the Graduate School of Management at the University of California, Davis, has revealed that women hold only 10.6 percent of positions in the state’s biggest companies this year.

London, November 18 -- The prospects of 63-year-old Ferrero Spa teaming with Hershey Co. (NYSE: HSY) to bid for Cadbury (NYSE: CBY) are growing after the U.K. confectioner rejected a $16.8 billion unsolicited offer from Kraft Foods Inc.

New York, November 18 -- After dominating the market with its operating systems, software giant Microsoft is now gearing up to emerge as a bigger player in the commercial cloud computing market.

New York, November 18 -- After AT&T dragged Verizon Wireless to the court over its latest advertisement, alleging that the ad is misleading, Verizon has fired back.

New York -- Crude oil prices climbed back over $79 per barrel on the New York Mercantile Exchange Tuesday, after a weak dollar propped up prices Monday.

New York -- Sportswear manufacturer Russell Athletic has agreed to rehire 1,200 Honduran workers it laid off after they unionized, the company announced.