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January 01, 2005

Biz and Market Notes

Sri Lanka Brewery Now Producing Water: "Sri Lanka's top brewery normally produces 160,000 bottles of beer a day. Now the plant has turned its technical might to producing a very different beverage: potable water for the survivors of the Asian tsunami disaster. "On AP Business

Stock Mutual Funds Perform Well in 2004: "Wall Street's fourth-quarter rally gave stock mutual funds a solid performance for 2004, with small-cap equity funds and real estate funds scoring some of the biggest returns. Large-cap growth equities and technology-focused funds had the slimmest gains."On AP Business

Shops Without Chip-And-Pin Liable For Fraud: "Retailers not signed up to chip-and-PIN have become liable for fraudulent transactions as changes to the card payment system come into force."

On Ananova: Business

Russia OKs $18 bln Siberia-to-Pacific pipeline: report: "SAN FRANCISCO (CBS.MW) -- Russia has approved an $18 billion oil pipeline connecting Siberia with the Pacific ocean and pumping 1.6 million barrels of oil a day for export to the United States and Japan, according to a report published Saturday."

On CBS MarketWatch.com - Top Stories

Wall Street Watching for Market Shift: "At this time last year, money managers were betting that growth equities would outpace value, and that large company stocks would produce better returns than small caps.

On AP Business

Stocks up in '04 as Nasdaq, S&P 500 outshine Dow 30: "NEW YORK (CBS.MW) - The Nasdaq composite and the S&P 500 closed out 2004 on Friday at levels not seen since 2001, making the Dow Jones Industrial Average's 3.3 percent gain look modest in comparison."

On CBS MarketWatch.com - Top Stories

Economic data to drive markets next week: "NEW YORK (CBS.MW) -- U.S. stock investors will enter the new year next week with a full plate of economic data to digest, culminating Friday in the release of the December jobs report."

On CBS MarketWatch.com - Top Stories

DIY Enthusiasts Face Shock Fines: "Millions of DIY fans could face hefty fines of up to £5,000 under a new law that has come into force."

On Ananova: Business

January 1, 2005 in Business | Permalink


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