Business news for Thu, 29 Nov 2007. 1353 news.

THE International Monetary Fund (IMF) is likely to revise lower its 2008 estimate of world economic growth due to financial market turmoil and surging oil prices.

SAN FRANCISCO (MarketWatch) -- Despite uneven prospects for stocks heading into 2008 and continuing melting credit markets, at least one group of market trackers is predicting favorable growth trends heading into 2008 for major asset managers.

Urging swift action to combat a continuing wave of foreclosures, Assembly Democrats on Thursday asked Gov. Arnold Schwarzenegger to call a special legislative session to find ways to help troubled homeowners.

EDF shareholders could applaud short-term gains at its annual investor day on Friday, but the long-term outlook might produce a few surprises

"Madame America" spoke Thursday, describing in dramatic detail several traumatic scenes she said she had witnessed involving two Indonesian women allegedly enslaved and tortured by a wealthy Muttontown couple.

South Korea's Ministry of Finance and Economy said it plans to allow Korea Investment to invest in emerging markets and increase the agency's stock-investment limits to help improve its investment returns.

I have just heard that China has backed down in a great big row with the United States over subsidies. When was the last time we heard of China doing something like that? U.S. Trade Representative Susan C. Schwab has announced that China has agreed to terminate subsidies that the US alleged were illegal under World Trade Organization rules. The US first alleged in February that China was maintaining several subsidy programs prohibited under WTO rules and that these programs were providing significant benefits across the spectrum of industrial sectors in China − including steel, wood products and IT. Most

Version 4.5 also brings new features for consumers, including features for users to rate, tag, and share.

Federal Reserve Chairman Ben Bernanke on Thursday hinted that another interest rate cut may be needed to bolster the economy. The worsening credit crunch, a deepening housing slump and rising energy prices probably will create some "headwinds for the consumer in the months ahead," he said.

(Reuters) -- McDonald's Corp., the world's largest fast food chain, named Neil Golden on Thursday to the post of senior vice-president and chief marketing officer for McDonald's USA from April 1. Golden will replace William Lamar Jr., who will retire at the end of the first quarter of 2008, ...

Investor's Business Daily - Investors put $11.26 billion into stock funds in October, even as the market flattened out after recovering in September.

AP - Wall Street extended its rally with modest gains in the major indexes following two days of sharp advances, despite economic readings that painted a mixed picture of the economy.

SK Telecom of South Korea teamed up with Providence Equity Partners, the US private equity group, this month, to propose a $5bn investment in Sprint Nextel, the wireless carrier, and the return of former chairman Tim Donahue, it emerged

WASHINGTON -- The economy barreled ahead in the summer, growing at a 4.9 percent pace. The performance was the strongest in four years but isn't expected to last through the current quarter amid the housing slump and credit crunch. Sales of new homes edged up in October but sales activity still...

LOS ANGELES -- More U.S. homeowners fell behind on mortgage payments or even lost their homes last month compared to a year ago, with Nevada, California, Florida and Ohio posting the highest foreclosure rates, a mortgage research company said Thursday.

For some undergraduates, the first taste of running a business happens right on campus

MGIC Investment, the largest mortgage insurer in the US, said it will raise its prices and tighten policy requirements in a bid to increase revenue and stem payouts

Admissions Director Derrick Bolton discusses what Stanford is looking for in an applicant—and dispels some myths about the admissions process

Get ready for big capital gains taxes on mutual funds this year.

A Manitoba couple is calling for greater accountability from the real estate industry after buying a home filled with so much toxic mould that it had to be demolished.