Thursday, June 3, 2010

Business - 03 June 2010

  • For Silicon Valley Exec, His Wish Is Robots' Command
    Thu, 03 Jun 2010 07:23:20 -0700
    Dave Evans, chief futurist at Cisco, built his first robot when he was 12. Three decades later, he's still tinkering
  • CEO Guide to Robots in the Workplace
    Thu, 03 Jun 2010 07:23:20 -0700
  • BA strike hits passenger numbers
    Thu, 03 Jun 2010 07:23:06 -0700
    The number of passengers British Airways carried in May fell 14.2% from a year ago, as the impact of cabin crew strikes hit the airline.
  • Dollar Gains as Data Show Service Sector Expanded a Fifth Month
    Thu, 03 Jun 2010 07:15:00 -0700
    The dollar rose versus the yen as a report showed service industries expanded for a fifth straight month in May, showing the U.S. economic recovery is broadening.
  • Petrobras Names Banks in Bullish Sign on Share Sale (Update1)
    Thu, 03 Jun 2010 07:10:00 -0700
    Petroleo Brasileiro SA named six banks to manage its $25 billion share sale, signaling slumping stock markets and Europe’s debt crisis haven’t derailed the biggest offering in the Western Hemisphere in at least a decade.
  • Service Industries in U.S. Expand for Fifth Month (Update1)
    Thu, 03 Jun 2010 07:09:00 -0700
    Service industries in the U.S. expanded in May for a fifth straight month, showing the recovery is broadening and generating jobs.
  • May retail sales lackluster, discounters strong
    Thu, 03 Jun 2010 07:06:11 -0700
    DETROIT (Reuters) - May brought lackluster sales results for U.S. retailers, with discount chains turning in the strongest performance, as consumers again showed their cautious side in a seasonally weak period for spending.

  • Whirlpool’s Maytag Recalling 1.7 Million Dishwashers (Update1)
    Thu, 03 Jun 2010 07:06:00 -0700
    Whirlpool Corp., the world’s largest appliance maker, issued the biggest U.S. dishwasher recall in three years to fix 1.7 million of its Maytag models with a fire hazard, the Consumer Product Safety Commission said.
  • Pressure Grows on BP's Hayward
    Thu, 03 Jun 2010 07:02:00 -0700
    BP Plc Chief Executive Officer Tony Hayward will address investors tomorrow as his handling of the worst oil spill in U.S. history prompts speculation he may be forced to leave the company.
  • Mom's Advice For A CEO
    Thu, 03 Jun 2010 07:00:00 -0700
    Toshiba's Mark Simons picks up the phone.
  • Air Liquide, Deutsche Bahn Revive European Credit (Update1)
    Thu, 03 Jun 2010 07:00:00 -0700
    Europe’s corporate bond market is re- opening with Air Liquide SA, the world’s biggest producer of industrial gases, and German railway Deutsche Bahn AG offering the first benchmark deals since April.
  • BP ratings downgraded
    Thu, 03 Jun 2010 06:59:12 -0700
    BP's debt rating, a key indication of the corporate world's outlook for the company, was downgraded Thursday by two of the three major credit ratings agencies for the failure to plug a massive oil leak in the Gulf of Mexico.
  • Stocks extend a bullish run
    Thu, 03 Jun 2010 06:58:06 -0700
    Stocks gained Thursday, building on the previous session's advance, as investors looked past some weaker-than-expected economic news and focused on recovery hopes.
  • '20 Under 40' List Out
    Thu, 03 Jun 2010 06:55:11 -0700
    The New Yorker has released its "20 Under 40" list, a roll call of young fiction writers worth watch
  • Swiss Upper House Approves UBS Settlement With U.S. (Update1)
    Thu, 03 Jun 2010 06:52:11 -0700
    Switzerland’s upper house of parliament approved the handover of account details on as many as 4,450 UBS AG clients to settle a lawsuit that threatened the Swiss lender’s American business.
  • Jobless claims decline
    Thu, 03 Jun 2010 06:52:07 -0700
    The number of first-time filers for unemployment insurance fell last week, according to a government report released Thursday.
  • Buffett Didn't Foresee Granddaddy Of All Bubbles
    Thu, 03 Jun 2010 06:50:00 -0700
    The Internet bubble and the Nebraska farmland bubble went further than Buffett expected. Rising prices are a narcotic, he explains.
  • Jobs data show labor market improving
    Thu, 03 Jun 2010 06:48:43 -0700
    WASHINGTON (Reuters) - The number of workers filing new claims for jobless benefits fell last week, while private employers added jobs in May, further evidence the labor market was improving.

  • BP’s Ratings Cut by Moody’s, Fitch on Gulf Oil Spill Fallout
    Thu, 03 Jun 2010 06:48:00 -0700
    BP Plc had its credit ratings cut by Moody’s Investors Service and Fitch Ratings on concern that the cost of cleaning up the Gulf of Mexico oil spill will hurt the company’s balance sheet.
  • Jobless Claims in U.S. Decreased by 10,000 to 453,000 (Update3)
    Thu, 03 Jun 2010 06:46:00 -0700
    The number of Americans seeking jobless benefits last week fell to 453,000, a level that signals firings remain elevated even as the economy expands.
  • Indian stocks rise on global cues, no index loser in Sensex
    Thu, 03 Jun 2010 06:44:35 -0700
    Indian stock markets rose on Thursday led by positive pending home sales and strong monthly auto sales figures from the United States, raising hopes of a global recovery.
  • Street Moves Higher On Jobs Report
    Thu, 03 Jun 2010 06:40:00 -0700
    Fewer Americans file for unemployment but the figure falls slightly short of estimates.
  • Indexes open up after data, retail sales
    Thu, 03 Jun 2010 06:36:25 -0700
    NEW YORK (Reuters) - Stocks opened higher on Thursday, helped by data on weekly jobless claims and same-store sales from retailers.

  • Go Offshore With Canadian Oil Sands
    Thu, 03 Jun 2010 06:30:02 -0700
    This company stands to profit from Canada's landlocked oil sands deposits.
  • Whirlpool recalls 1.7 million dishwashers
    Thu, 03 Jun 2010 06:20:36 -0700
    NEW YORK (Reuters) - Whirlpool Corp is recalling 1.7 million dishwashers sold at its U.S. stores from February 2006 through April 2010 due to a potential fire hazard.
  • Nomura hires Kotak banker as India ECM head - sources
    Thu, 03 Jun 2010 06:20:26 -0700
    MUMBAI (Reuters) - Japanese investment bank Nomura Holdings Inc has hired Indraneil Borkakoty from Kotak Mahindra Capital to head its equity capital market business in India, two sources with direct knowledge said on Thursday.
  • Uniken India implements secure internet banking solution for...
    Thu, 03 Jun 2010 06:15:56 -0700
    Pune, June 3 (ANI-Business wire India): Uniken India s innovation centre here is in the process of implementing a secure internet banking solution, powered by its patented and cutting-edge Rel-ID? technology, for Bank of India s online retail banking customers.
  • 'Global Investors Meet' organized in Karnataka
    Thu, 03 Jun 2010 06:15:56 -0700
    Bangalore (Karnataka), June 3 (ANI): In a bid to woo potential investors, entrepreneurs and global business firms to the region, the Karnataka Government initiated a two-day Global Investors Meet (GIM) here on Thursday.
  • Futures hold gains after jobs data
    Thu, 03 Jun 2010 06:11:01 -0700
    Futures on U.S. stock indices held on to modest gains after the release of two U.S. jobs report.
  • Govt to invest $1.7 trn in infra in next decade - min
    Thu, 03 Jun 2010 06:10:26 -0700
    MUMBAI (Reuters) รข€“ The government will invest $1.7 trillion in infrastructure projects in the next decade, Trade Minister Anand Sharma said on Thursday while delivering a speech at an event organised by the Confederation of Indian Industry (CII).
  • Fitch first to cut BP as oil-spill costs mount
    Thu, 03 Jun 2010 06:03:26 -0700
    LONDON (Reuters) - Fitch Ratings downgraded BP , becoming the first agency to cut the oil major's credit rating and reversing its initial view that the financial impact of the Gulf of Mexico oil spill on BP would be limited.

  • Inverters: Solar's Next Star?
    Thu, 03 Jun 2010 06:00:27 -0700
    Enphase Energy, which makes devices that turn solar power into grid-ready electricity, raised $63 mi
  • Hindustan Unilever to consider share buyback
    Thu, 03 Jun 2010 06:00:26 -0700
    MUMBAI (Reuters) - Hindustan Unilever Ltd, India's largest household products maker, said on Thursday its board will consider a share buyback on June 11.
  • "Flash crash" a record day at TD Ameritrade: CEO
    Thu, 03 Jun 2010 05:59:30 -0700
    NEW YORK (Reuters) - The jarring "flash crash" on May 6 yielded a record trading day at TD Ameritrade Holding Corp , although some customers were upset with the market breakdown that day, the U.S. online brokerage's chief said on Thursday.

  • BSE Sensex gains 1.7 pct; Reliance Comm rallies
    Thu, 03 Jun 2010 05:50:48 -0700
    MUMBAI (Reuters) - The BSE Sensex rose 1.7 percent on Thursday to its best close in three weeks as solid U.S. home sales data rekindled hopes the global economic recovery was on track and boosted stock markets worldwide.
  • UK fines JPMorgan record $49 mln, warns other banks
    Thu, 03 Jun 2010 05:50:38 -0700
    LONDON (Reuters) - U.S. investment bank JPMorgan Chase & Co has been fined a record 33.32 million pounds ($49.12 million) in Britain for failing to protect billions of dollars of client money over almost seven years.
  • RComm's Etisalat talks more advanced than with MTN - source
    Thu, 03 Jun 2010 05:50:26 -0700
    MUMBAI (Reuters) - Reliance Communications, weighing options to tie up with a foreign partner, is further along in discussions with Abu Dhabi's Etisalat than it is with South Africa's MTN, a source familiar with the matter said.
  • Time to consider rate hikes nearing: Fed's Lockhart
    Thu, 03 Jun 2010 05:36:53 -0700
    ATLANTA (Reuters) - The U.S. economy is almost strong enough to allow the Federal Reserve to begin thinking about raising interest rates, Atlanta Fed President Dennis Lockhart said on Thursday.

  • UK fines JPMorgan record $49 million
    Thu, 03 Jun 2010 04:53:51 -0700
    LONDON (Reuters) - U.S. investment bank JP Morgan Securities Ltd has been fined a record 33.32 million pounds ($49.12 million) in Britain for failing to protect billions of dollars of client money over almost seven years.

  • Dollar falls on risk demand, euro edges up
    Thu, 03 Jun 2010 04:39:32 -0700
    The dollar fell across the board on Thursday as a rise in share markets on the back of strong U.S. economic data helped to cool extreme risk aversion.
  • HP accused of ignoring unions after announcing 9,000 job cuts
    Thu, 03 Jun 2010 04:31:53 -0700
    Hewlett Packard has been accused of ignoring union concerns over its plans to cut a further 9,000 jobs worldwide.
  • Gold eases as data improves risk appetite
    Thu, 03 Jun 2010 04:30:33 -0700
    Gold fell on Thursday as risk aversion receded due to robust economic data in Europe and the United States, but brisk physical demand limited the metal's losses.
  • G20 aims to reduce red ink and keep recovery on track
    Thu, 03 Jun 2010 04:29:32 -0700
    BUSAN, South Korea (Reuters) - Disagreements over how quickly to reduce billowing budget deficits and restore balance to the global economy risk straining high-level Group of 20 talks that started on Thursday.

  • Swiss upper house backs UBS tax deal with U.S.
    Thu, 03 Jun 2010 04:25:04 -0700
    ZURICH (Reuters) - The Swiss parliament's upper house on Thursday backed a Swiss-U.S. tax deal that averted the risk of crippling legal action against UBS but punched a hole in the country's treasured bank secrecy.

  • Xstrata puts £3.8bn of projects on hold as row over Australian mining tax deepens
    Thu, 03 Jun 2010 04:17:06 -0700
    Swiss mining giant Xstrata has announced that it will suspend projects worth A$6.6bn (£3.8bn) in response to the Australian government's push for a new 40pc tax on mining profits.

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