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With buyout vultures circling the Internet company, Yahoo Inc. CEO Carol Bartz may have to accelerate her timetable for engineering a turnaround if she wants to save her job. Bartz has said it could take a couple more years to revive Yahoo…

OPEC is expected to maintain its official oil production quota at a ministerial meeting here on Thursday after key members of the cartel expressed satisfaction with the current level of crude prices. Ecuadorian Natural Resources Minister…

The Obama administration is set to report Friday that the federal budget deficit exceeded $1 trillion for the second straight year, providing critics of government spending with fresh ammunition ahead of the midterm congressional…

Recriminations over currencies reverberated worldwide on Friday ahead of a speech by Federal Reserve chief Ben Bernanke, whose loose policies are blamed by China and others for destabilizing capital flows. Beijing kept up the heat on the…

Ghana has secured a $21.72 million line of credit from the Export-Import Bank of India for the financing of exports from that country. The Reserve Bank of India has said in a press release issued Tuesday October 12, 2010 that the facility…

President John Evans Atta Mills has directed all Ministers and their Deputies not to undertake any travel or assignment outside the country until the national budget has been presented, debated and passed. He further directed Ministers…

Kuwait's Zain has reported a 411% rise in its nine-month profits thanks to the one-off gain from the sale of its African networks to Bharti Airtel. For the first nine months of 2010, the Zain Group generated consolidated revenues of US$3.5…

The Management Development and Productivity Institute (MDPI) of the Ministry of Employment and Social Welfare has initiated a programme to ensure the full participation of Ghanaians at all levels in the emerging oil and gas industry. The…

Vice President John Dramani Mahama on Wednesday appealed to members of the Polytechnic Teachers Association of Ghana and University Teachers Association of Ghana to use the negotiating table to address their grievances. “I want to appeal…

The Ghana Hotels Association on Wednesday opened a two-day training workshop for owners and managers of hotels in the Greater Accra Region to enhance operating standards in the industry. Mr Herbert Acquaye, the President of Ghana Hotels…