Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

Suit Filed Against Company That Employed Metrolink 111 Engineer

After admitting they were at fault, now Metrolink is trying to sue the company that employed the homosexual train engineer who was text messaging little boys when he crashed the Metrolink, killing 25 people.  Check it out."October 26, 2008 (by Otto Smyth) It has been...

McCain joins White House race with political spud ads

"There's a Canadian company that wants to see McCain in the White House no matter which of the competing presidential candidates wins in November.A major ad campaign launched this week by the U.S. subsidiary of New Brunswick food titan McCain Foods Ltd. makes the case for...

Most firms pay no income taxes - Congress

Study finds that the majority of domestic and foreign corporations in the United States avoid paying federal income taxes."NEW YORK (CNNMoney.com) -- Nearly two-thirds of U.S. companies and 68% of foreign corporations do not pay federal income taxes, according to a...

Biofuels company ditches NZ

    Leading United Kingdom biofuel producer Argent Energy is shelving plans to invest more than $100 million in New Zealand. " Dickon Posnett, managing director of Argent Energy's NZ subsidiary, says New Zealand's proposed legislation in the Biofuels Bill makes...

Radiohead's new box set: A plot at the end of In Rainbows?

A new box set of Radiohead's back catalogue is being released by its old label at the same time as the band's new album, In Rainbows. Some say EMI's timing reflects a behind-the-scenes feud between the label and Radiohead."Tension between Radiohead and EMI was highlighted...

Microsoft Hungary Subsidiary Raided

"Hungarian authorities have raided the offices of Microsoft Magyarorszag, the Redmond company's subsidiary in the country. Regulators believe Microsoft abused its position in the market to force computer makers sell only Office and no competing products. "The GVH sensed that...

Shadegg finds House wage hike a bit fishy

"Phoenix Republican Congressman John Shadegg is criticizing House Speaker Nancy Pelosi and other Democrats for exempting American Samoa and its tuna canneries from the House of Representatives' recently passed minimum wage increase. Del Monte Foods Co. (NYSE:DLM) subsidiary...

U.S. freezes Iranian bank assets over missiles

"The Bush administration, tightening the financial vise on Tehran, moved today to block the assets of a major Iranian bank suspected of helping spread weapons of mass destruction. The action against Bank Sepah, Iran's fifth-largest state-owned financial institution, means...