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2009-05-18, 12:18

Chile confirms first cases of new flu virus

Chile`s health minister confirmed on Sunday the country`s first cases of the H1N1 flu virus in two Chilean women who had returned from a trip to the Dominican Republic.

2009-05-15, 11:33

U.S. financial reform to be unveiled despite clashes

The Obama administration`s plan to reshape the opaque world of derivatives trading, unveiled on Wednesday, is only a preview of sweeping financial reform proposals that may be announced as soon as next week.

2009-05-15, 09:55

World’s largest high tech giants unite to create revolutionary wireless technology

World’s largest high tech companies - Intel, Samsung, Microsoft and Panasonic - announced the creation of the alliance to set up a new wireless technology to transfer data at the speed of 1 gigabit per second and higher, CyberSecurity.ru website said. The tech giants will use the 60-gigahertz frequency range for the new technology.

2009-05-14, 16:56

It may take Chrysler up to 2 years to go bankrupt

Chrysler`s bankruptcy may take as long as two years, instead of the two months that President Barack Obama suggested as a target, Bloomberg said, citing an administration official.

2009-05-08, 10:34

Chrysler dissenters say they have "quiet" support

The small group of Chrysler LLC lenders that balked at the Obama administration`s plan to sell the automaker will continue with its efforts opposing the deal, despite being starkly reduced in number this week, the group`s lawyer said on Thursday.

2009-05-07, 11:59

Major states of the East to recover from crisis first

The world community has been eagerly devouring the good news for the past few days. The news comes from the East. First of all, China gives us hope that the crisis is going to end. Analysts speak about the inspiring perspectives of all BRIC countries (Brazil, Russia, India, China). Experts say that the countries have no debt burden, which is obviously their main advantage. Nevertheless, despite the market growth, the real conditions of the Russian economy are far from being favorable.

2009-05-06, 12:45

Barneys aiming to close 2 stores: report

As the impact of the global recession weighs in on wealthy Americans, high-end retailer Barneys New York Inc aims to close two of its seven department stores, the Wall Street Journal said, citing people familiar with the matter.

2009-05-06, 11:20

Judge approves bidding procedures for Chrysler

A U.S. bankruptcy judge approved bidding procedures for the rapid sale of most of Chrysler`s assets, over objections from a group of lenders who called the accelerated timetable an "absurdity."

2009-05-04, 16:15

Moscow spends some $6 million on Eurovision

Moscow has spent some 200 million rubles ($6 million) on organizing the Eurovision Song Contest to be held in the capital May 10-16, Deputy Mayor Valery Vinogradov told journalists on Thursday.