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IMF head: world economic threats lessen (AP)

Posted on April 9th, 2007. About Business.

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International Monetary Fund Managing Director Rodrigo de Rato speaks to the press in Beijing, January 2007. The heads of the IMF and World Bank urged developed countries on Friday to boost aid flows to Africa and to do so fairly and predictably.(AFP/File)AP - Threats to the global economy have lessened a bit in recent months, but policymakers must remain on guard nonetheless, the head of the International Monetary Fund said Monday


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Tax prep chains attract immigrants (AP)

Posted on April 9th, 2007. About Business.

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Waseem Hashlamoun poses by a poster at his company, Al-Muhaseb, or 'The Accountant' in Arabic, Thursday, April 5, 2007, in Chicago. Hashlamoun became an affiliate last year of Kansas City-based H&R Block, the nation's largest tax preparer, which is working hard to attract more immigrant filers. (AP Photo/Nam Y. Huh)AP - Pedro Morales filed his first income tax return four years ago, a difficult decision for an illegal immigrant and one that caused years of headaches because the apartment manager who prepared his return made so many mistakes.


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AMD sees revenue below view, plans overhaul (Reuters)

Posted on April 9th, 2007. About Business.

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A technician of computer microprocessors maker AMD poses for the media with a wafer at the chip plant in Dresden October 24, 2006. Chipmaker Advanced Micro Devices said on Monday it expects to report first-quarter revenue of about $1.23 billion, well below Wall Street forecasts, and announced a restructuring to lower costs. (Fabrizio Bensch/Reuters)Reuters - Advanced Micro Devices Inc. said on Monday that quarterly revenue would fall short of Wall Street expectations by about 20 percent, but the microprocessor maker's shares rose after it promised to slash this year's capital spending by one-fifth.


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CIT places student-loan unit executives on leave (Reuters)

Posted on April 9th, 2007. About Business.

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Reuters - CIT Group Inc. said on Monday it had placed the chief executive and other top executives at its student loan unit on paid leave, after a recently announced investigation by New York's attorney general.

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US employment figures help boost Japanese stocks (FT.com)

Posted on April 9th, 2007. About Business.

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FT.com - Japanese stocks rose strongly on Monday morning, boosted by Friday's strong US jobs numbers.

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Mirant exploring sale of company, shares jump (Reuters)

Posted on April 9th, 2007. About Business.

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Reuters - Power company Mirant Corp. said on Monday it was exploring strategic options including a sale of the company, sending its shares up more than 6 percent.

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American Home Mortgage sinks on lower outlook (Reuters)

Posted on April 9th, 2007. About Business.

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Reuters - American Home Mortgage Investment Corp. shares sank as much as 18.2 percent on Monday after the company slashed its dividend and 2007 profit forecasts, and several analysts downgraded its stock.

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Dow shares up; buyout talk spurs skepticism (Reuters)

Posted on April 9th, 2007. About Business.

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Cars drive past a plant of U.S. chemical producer Dow near the eastern German village of Lippendorf south of Leipzig in this file picture from March 25, 2004. Shares of Dow Chemical jumped nearly 7 percent on Monday following a newspaper report that a consortium was preparing a $50 billion bid for the company. (Arnd Wiegmann/Reuters)Reuters - Dow Chemical Co. shares jumped 4.5 percent on Monday following a British tabloid report that a consortium was preparing a $50 billion bid for the company.


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