By Junaidi Bahrum Bandar Seri Begawan – The economic situation in Brunei Darussalam may be grimmer than previously thought due to non-availability of proper and transparent statistical records, indicated economists yesterday during a presentation entitled “The nature and dynamics of Brunei Darussalam’s Economy” at the iCentre at Anggerek Desa. From a macroeconomic perspective and based .
By JENNA FRYER, AP Auto Racing Writer CHARLOTTE, N.C. – Three-time defending NASCAR champion Jimmie Johnson believes the only way to control the racing at Talladega Superspeedway is through a radical transformation of the race track. The racing at the 2.66-mile Alabama superspeedway is again under scrutiny after Carl Edwards’ airborne crash into the safety .
By BOB BAUM, AP Sports Writer PHOENIX – The Arizona Cardinals granted running back Edgerrin James’ wish to be released on Tuesday and cut two others who played significant roles in the team’s run to the Super Bowl. While James’ move was anticipated, the release of cornerback Rod Hood and defensive end Travis LaBoy was .
By RAQUEL MARIA DILLON, Associated Press Writer LOS ANGELES – California-based financier Danny Pang, accused by federal regulators of defrauding investors out of millions of dollars, was arrested Tuesday by the FBI on charges he withdrew about $360,000 from a company account in multiple small transactions so he wouldn’t have to report the sum to .
By TOM KRISHER, AP Auto Writer DETROIT – General Motors Corp. told its dealers Tuesday that it will force 1,000 to 1,200 underperforming locations to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets more profitable. GM told the dealers about the plan in a video conference, according .
By STEPHEN MANNING and DAN STRUMPF, AP Auto Writers WASHINGTON – With just two days left before a government-imposed restructuring deadline, Chrysler LLC took a step away from the brink of bankruptcy Tuesday when its biggest lenders reached a deal with the Treasury Department to slash the teetering automaker’s debt. Yet Chrysler’s fate remains far .
By TIM PARADIS, AP Business Writers NEW YORK – After months of giving investors only headaches, consumers gave Wall Street a break Tuesday. A closely watched measure of consumer confidence soared in April, pulling stocks off an early slide and leaving them with just modest losses as investors grew hopeful that a better outlook among .
By ANNE D’INNOCENZIO, AP Retail Writer NEW YORK – Consumer confidence zoomed past economists’ forecasts in April to its highest level since November, reflecting a growing sense that the economy may have bottomed out and Americans might be prepared to spend more money. The findings released Tuesday offered hope that families could open their wallets .
TOKYO/OSAKA JAPAN’S Sharp Corp reported its second straight quarterly loss, hit by weak TV demand, price falls and restructuring costs, but it forecast a return to profitability despite market expectations of another year of red ink. Sharp, the world’s No 3 LCD TV maker behind Samsung Electronics Co and Sony Corp, is pinning its hopes .
By DEBORAH YAO, AP Business Writer Cablevision Systems Corp. on Tuesday unveiled the fastest Internet speeds available from any cable or phone company. Starting May 11, the Bethpage, N.Y.-based cable operator will offer speeds of up to 101 megabits per second downstream throughout its service area, and 15 megabits per second upstream. That means a .
