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Defiant Panasonic predicts rise in profit
Panasonic, the world's biggest consumer electronics company, said yesterday that it would increase its operating profit this financial year, defying market expectations of a heavy loss and reviving hopes that spending may soon recover.
Times Online

Foreign Exchange Market Is Different From The Stock Market
The foreign exchange market is also known as the FX market, and the forex market. Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market. The forex market is over thirty years old, established in the early 1970's. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.
Info 5000

GM slashes U.S. dealers after Chrysler
General Motors <GM.N> said it would drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
tiscali.co.uk

Forex (foreign Exchange Market)
The foreign exchange market is also known as FX or it is also found to be referred to as the FOREX. All three of these have the same meaning, which is the trade of trading between different companies, banks, businesses, and governments that are located in different countries. The financial market is one that is always changing leaving transactions required to be completed through brokers, and banks. Many scams have been emerging in the FOREX business, as foreign companies and people are setting up online to take advantage of people who don't realize that foreign trade must take place through a broker or a company with direct participation involved in foreign exchanges.
Info 5000

On top with `Taken,` EuropaCorp expands
Business News: Mini-major broadening to English, French TV -- French mini-major EuropaCorp is enjoying one of its busiest fests ever.
Variety

Entrepreneurs keep their first office
Vikas Kumar, ET Bureau Some entrepreneurs preserve their first office or store. Reminiscent of their past, these inspire them for the rest of their lives. They say in business there's hardly any roo...
India Gazette

HomeStreet Bank makes deal with federal, state regulators
HomeStreet Bank has made a deal with federal and state regulators, who slapped the Seattle bank with a cease-and-desist order, making it the sixth bank in Washington operating under strict regulatory enforcement.
Biz Journal

Pacific Energy Resources Ltd. Announces First Quarter 2009 Financial and Operating Results
LONG BEACH, CALIFORNIA--(Marketwire - May 15, 2009) - Pacific Energy Resources Ltd. (TSX:PFE) (the 'Company') announces its first quarter financial and operating results for the quarter ended March 31, 2009. Financial Results: The Company's net loss from continuing operations was $41.2 million for the first quarter of 2009 compared to a net loss of $88.7 million in the first quarter of 2008. Included in the net loss for the 2009 period was $9.6 million of restructuring expenses and an inventory write down of $3.2 million. Included in the first quarter of 2008 results were the acceleration of expensing of accretion and amortization of deferred financing costs of $48.4 million. Net loss from continuing operations for the fourth quarter of 2008 was $185.1 million, including impairment charges of $131.4 million.
Market Wire

Contributors save Washington Park Summer Festival
Thanks to financial support from numerous businesses and individuals, the city of Portland cancelled the plan to not offer the 2009 Washington Park Summer Festival.
Biz Journal

Battelle looking to bring in new leadership
John Battelle, founder, chairman and CEO of Federated Media, announced today on his blog that he is seeking a top executive to help run his blog advertising business.
Biz Journal

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