Saturday, June 26, 2010

Business - 26 June 2010

  • G20 searches for common pace in uneven recovery
    Sat, 26 Jun 2010 09:16:12 -0700
    TORONTO (Reuters) - World leaders cast about for a common approach on Saturday to securing an uneven economic recovery that is showing signs of fading.


  • World Cup: Guerillas on the Pitch
    Sat, 26 Jun 2010 09:12:00 -0700
  • Zhou Eyes Bigger Emerging-Nation Role as G-20 Leaders Meet
    Sat, 26 Jun 2010 09:01:01 -0700
    Chinese officials indicated the nation wants to play a bigger role in reshaping the post-crisis global economy and could be at the forefront of adopting new financial rules, as a Group of 20 summit began in Toronto.
  • Financial Reform? Not So Much
    Sat, 26 Jun 2010 08:57:20 -0700
    Unfortunately, when we look back a year from now I expect we'll be saying it's business as usual in
  • China opposes yuan reference by G20 - sources
    Sat, 26 Jun 2010 08:40:26 -0700
    TORONTO (Reuters) - Some G20 countries want to praise China's decision to alter its foreign exchange system in a leaders' summit communique this weekend, but China opposes the idea of any mention of its currency, G20 sources said.
  • Behind the stealth ban on Gulf drilling
    Sat, 26 Jun 2010 08:38:57 -0700
    The offshore drilling ban imposed after the BP disaster is only supposed to hit operations in deep water -- 500 feet or more.
  • Group of Eight Leaders Say Global Economic Recovery ‘Fragile’
    Sat, 26 Jun 2010 08:32:11 -0700
    Group of Eight leaders said the global economic recovery is “fragile,” in a statement as they wrapped up a meeting today in Huntsville, Ontario.
  • G20 recommendations not country-specific - source
    Sat, 26 Jun 2010 08:30:48 -0700
    TORONTO (Reuters) - The G20 communique will focus on the economy, financial regulation and reform of international institutions, but will not have country-specific recommendations, a G20 source said on Saturday.
  • China's partners welcome yuan move - U.S. official
    Sat, 26 Jun 2010 08:30:38 -0700
    HUNTSVILLE, Ontario (Reuters) - China's partners are supportive of Beijing's decision to move to a more flexible yuan, a senior U.S. administration official said on Saturday.
  • Protesters Plan Largest Rally Against G-20 in Toronto
    Sat, 26 Jun 2010 08:19:00 -0700
    Protesters are converging at a Toronto park today for what they say will be their biggest demonstration yet during the Group of 20 meeting of global leaders in Canada’s largest city.
  • Boehringer’s First Diabetes Pill Lowered Blood Sugar in Study
    Sat, 26 Jun 2010 08:12:13 -0700
    Boehringer Ingelheim GmbH’s first diabetes pill lowered patients’ blood glucose levels in study results that could position the drug to compete with Merck & Co.’s Januvia and AstraZeneca Plc’s Onglyza.
  • Financial Reform: Wall Street Wins, Investors Lose
    Sat, 26 Jun 2010 07:40:00 -0700
    Fraud, sleazy sales tactics to go on as before.
  • Yuan or renminbi?
    Sat, 26 Jun 2010 07:39:44 -0700
    Why China's currency has two names
  • Taiwan Opposition Holds Rally to Protest China Trade
    Sat, 26 Jun 2010 07:37:05 -0700
    Taiwan’s opposition rallied tens of thousands people in Taipei today to protest President Ma Ying- jeou’s plan to sign a trade accord with China that it says will damage the local economy and undermine the island’s sovereignty.
  • Tropical Storm Threatens Yucatan, Heads Towards Gulf (Update2)
    Sat, 26 Jun 2010 07:29:17 -0700
    Residents and businesses along the Gulf of Mexico face a weekend of watching and planning as the season’s first tropical storm formed off the Yucatan Peninsula.
  • Trading Strategies And Market Dangers That Hurt Investors
    Sat, 26 Jun 2010 07:25:00 -0700
    Beware of the dangers involved in these strategies and roadblocks.
  • Obama Brings Fresh Momentum on Bank Standards to G-20
    Sat, 26 Jun 2010 06:36:00 -0700
    President Barack Obama enters the Group of 20 summit today with added momentum for his push to increase bank capital standards: congressional action overhauling U.S. financial regulations.
  • Avalon: Airport in the Sky
    Sat, 26 Jun 2010 06:12:43 -0700
    Avalon airport (AVX) is tucked away on the Santa Catalina Island, third largest of the Channel Islan
  • World Bank approves $327 mln loan for Bangladesh
    Sat, 26 Jun 2010 06:00:26 -0700
    DHAKA (Reuters) - The World Bank approved $327 million in loans to Bangladesh to implement three infrastructure projects, a statement of the bank said on Saturday.
  • China's Wen calls for labour, capital "harmony"
    Sat, 26 Jun 2010 05:40:38 -0700
    BEIJING (Reuters) - Chinese premier Wen Jiabao called for a "harmonious" relationship between labour and capital, in comments as he toured the province of Zhejiang known for its manufacturing and private entrepreneurs.
  • Thousands protest in Taiwan against China trade deal
    Sat, 26 Jun 2010 05:40:26 -0700
    TAIPEI (Reuters) - Tens of thousands of Taiwanese decried a landmark trade deal with rival China in a protest on Saturday that will not stop their government from signing the agreement to boost around $100 million in annual two-way trade.
  • New Apple iPhone hard to find, but not impossible
    Sat, 26 Jun 2010 05:30:26 -0700
    SAN FRANCISCO (Reuters) - Apple Inc's newest iPhone flew off store shelves, but lucky shoppers still managed on Friday to get their hands on one at least a dozen stores across the United States.
  • INTERVIEW - China's Taikang CEO sees Goldman deal soon
    Sat, 26 Jun 2010 05:10:26 -0700
    CAPE TOWN (Reuters) - China's Taikang Life Insurance Co said on Saturday a deal by an investing arm of Goldman Sachs to buy AXA's $1.05 billion stake in Taikang was in the final stages of negotiations.
  • Obama calls for bank tax as next step in reform
    Sat, 26 Jun 2010 04:51:42 -0700
    TORONTO (Reuters) - President Barack Obama, fresh from a win on a sweeping overhaul of Wall Street regulations, on Saturday urged Congress to take up his proposal for a $90 billion, 10-year tax on banks as the next step in reform.


  • British PM fears BP's 'destruction,' Gulf storm forms
    Sat, 26 Jun 2010 04:20:26 -0700
    TORONTO/MIAMI (Reuters) - U.S. President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
  • Iran announces second natural gas find near Toos
    Sat, 26 Jun 2010 03:40:27 -0700
    TEHRAN (Reuters) - Iran has found a second gas field in the Khorasan Razavi province where a major natural gas find was announced last week, an official said on Saturday.
  • British PM fears BP's "destruction"
    Sat, 26 Jun 2010 03:22:49 -0700
    TORONTO/MIAMI (Reuters) - President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.


  • Obama, Cameron expected to talk BP spill
    Sat, 26 Jun 2010 03:20:27 -0700
    TORONTO/MIAMI (Reuters) - U.S. President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
  • Rail ticket machine prices row
    Sat, 26 Jun 2010 02:59:33 -0700
    Passenger groups have accused companies of not always offering the cheapest fares on station ticket machines.
  • The great spending debate
    Sat, 26 Jun 2010 02:28:44 -0700
    Spending is becoming a dirty word in Congress and in Europe because of concerns over unsustainable growth in debt.
  • Obama urges G20 co-ordination
    Sat, 26 Jun 2010 02:09:17 -0700
    Germany's chancellor insists Europe's leaders are making good progress in talks with the US on bolstering economic growth.
  • Stocks: Mixed day, down week
    Sat, 26 Jun 2010 01:51:43 -0700
    Financial shares rallied Friday on relief that the new version of the Wall Street reform bill is less restrictive than had been expected, but the broader market was mixed at the end of a down week on Wall Street.
  • Dubai ruler says will go ahead with all projects-CNN
    Sat, 26 Jun 2010 00:51:38 -0700
    DUBAI (Reuters) - Dubai's ruler said the emirate would go forward with all development projects within a year in an interview with CNN broadcast on Friday, after billions of dollars worth of projects were canceled in the wake of the global financial downturn.


  • An extra 5m people to pay higher-rate tax
    Fri, 25 Jun 2010 21:22:49 -0700
    5m workers to become higher-rate taxpayers during this parliament.
  • New Apple iPhone hard to find, but not impossible
    Fri, 25 Jun 2010 20:16:24 -0700
    SAN FRANCISCO (Reuters) - Apple Inc's newest iPhone flew off store shelves, but lucky shoppers still managed on Friday to get their hands on one at least a dozen stores across the United States.


  • The New Reality in Virtual Reality
    Fri, 25 Jun 2010 20:15:00 -0700
    As growth fades at Linden Lab's Second Life, a few pioneers reassess the virtual world
  • Hip-Hop Homes For Sale
    Fri, 25 Jun 2010 18:38:16 -0700
    Rap's richest aren't immune to the struggling housing market.
  • Stocks eye jobs as economic worries linger
    Fri, 25 Jun 2010 18:26:38 -0700
    NEW YORK (Reuters) - Stock investors will anxiously await the crucial June jobs data next week for clues on how the U.S. economy may weather recent storms that drove Wall Street's major indexes down for the year.


  • UAL and Continental pilot negotiations hit snag
    Fri, 25 Jun 2010 15:42:51 -0700
    WASHINGTON (Reuters) - Efforts by United Airlines, a unit of UAL Corp , and Continental Airlines to reach a joint contract with pilots before concluding their merger have hit a snag, pilots said on Friday.


  • Toyota recalling, halting sales of Lexus HS250h in U.S.
    Fri, 25 Jun 2010 15:34:40 -0700
    WASHINGTON (Reuters) - Toyota Motor Co is recalling and temporarily halting sales of its 2010 Lexus HS250h gasoline-electric hybrid due to a potential fuel leak problem, the company said on Friday.


  • Lawmakers seal deal on historic Wall Street reform
    Fri, 25 Jun 2010 15:15:02 -0700
    WASHINGTON (Reuters) - Lawmakers hammered out a historic overhaul of financial regulations on Friday, handing President Barack Obama a major domestic policy victory on the eve of a global summit of world leaders.


  • Is There Such A Thing As The Seven-Year Itch?
    Fri, 25 Jun 2010 15:00:00 -0700
    We speak to Dr. Anjali Chhabria and Dr. Harish Shetty about the trials and travails of marriage menders.
  • Oracle lifts Nasdaq while S&P rises on banks
    Fri, 25 Jun 2010 14:14:18 -0700
    NEW YORK (Reuters) - The Nasdaq and S&P 500 rose modestly on Friday on relief that the financial regulation bill wouldn't crimp Wall Street profits as badly as feared and as tech company Oracle's strong results revived hopes about business spending.


  • Boeing: 'Very Disappointed' With 787 Problem
    Fri, 25 Jun 2010 13:58:26 -0700
    Boeing officials said they had found assembly problems in the tail area on some of the 23 completed 787 Dreamliner jets and were inspecting the entire fleet before allowing test flights to resume.
  • Accept cuts or we'll target pensions, David Cameron warns unions
    Fri, 25 Jun 2010 13:47:04 -0700
    threat of cuts to public-sector pensions a bargaining tool to counter union unrest over Coalition's £100bn plan to cut spending.

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