The benchmark prime lending rate (BPLR) of Punjab National Bank (PNB) was increased today by 75 basis points to 11.75 percent because of the warning that lending rates will increase. The increase will affect all the borrowers of PNB who made loans before the increase at the start of the month. People having interest rates [...]
President Barack Obama accused Republicans of holding American small businesses as hostage of politics after they opposed the $30 billion fund for small businesses. Republican senators opposed the $30 billion fund for small businesses on Thursday. They hindered the efforts of president Obama to show the Americans that his administration is putting a lot of [...]
Sergio Marchionne, Fiat boss, have shaken the labor relations in Italy because of his aim to make a global mega group with Chrysler, U.S. automaker. According to Maurizio Del Conte, labor law professor at Bocconi University in Milan, Marchionne wants to build a strong arming union and build a group with Chrysler. The Canadian-Italian said [...]
The primary election of leaders in Michigan will start on Tuesday and Michigan voters who are already depressed about home foreclosures, budget deficit and unemployment are hoping that the leaders who will be elected will make a difference and take the state out of depression. Seven men are running for governor and almost 24 candidates [...]
Motorists who are going for a vacation in the following months must expect that gasoline prices will remain stable, few cents up and few cents down. Gasoline demand has been very strong in the past few months but there are still plenty of supplies so gasoline prices are still kept below $3 per gallon. According [...]
Walt Disney Co made a deal to sell Miramax to a group having construction magnate Ron Tutor and investment firm Colony Capital LLC for almost $660 million. Based on reports, the new owners of Miramax will concentrate on maximizing the value of the library of Miramax. Reports said that there are no production plans as [...]
The Banks are expected to show reports that will be announced next week about their huge profits because of their high street customers, their mortgage businesses are getting huge amount of returns and debt charges decline. Some bailed-out banks including Royal Bank of Scotland and Lloyds Banking Group are expected to produce a profit report [...]
President Barrack Obama announced on Friday the success of his administration due to the care sales increase and the continuous progress and accomplishment of the battery-powered vehicles as a step to revive the economy from its deep fall. During the tour of president Obama in the assembly plants of General Motors and Chrysler, he claimed [...]
Chrysler Group LLC said Friday that it has decided to add up nearly 900 jobs at a factory in Detroit and save it from closure because they are confident that consumers will support the renewed midsize sedans. Chrysler Group made the announcement before President Barack Obama spoke in Detroit about the success of the auto [...]
Greece said that it will refurbish the gasoline supplies by using navy vessels, fuel tankers and military trucks because of the strike that has damaged the industry and the vital tourism during the vacation season. According to Giorgos Petalotis, government spokesman, the plan will take effect as soon as possible so that they will be [...]
