Monday, June 28, 2010

Business - 28 June 2010

  • Japan: Retail Sales Slow, As Does Deflation
    Mon, 28 Jun 2010 16:39:18 -0700
    Mixed economic news from Japan yesterday.Consumer prices fell at a slower pace in May and retail sales rose.But the rate...
  • Photon's Depressing Update
    Mon, 28 Jun 2010 16:38:15 -0700
    Photon Group likes to describe itself as "Australia's largest marketing and communications group"; yesterday it confir...
  • Wattyl Says Yes To US Bid
    Mon, 28 Jun 2010 16:36:16 -0700
    Good bye Wattyl, hello Valspar.Shares in Wattyl, the much bid for Australian paint group, jumped more than 25% yesterda...
  • GBG Looks To Use Iron Ore Income To Diversify
    Mon, 28 Jun 2010 16:35:07 -0700
    Gindalbie Metals Ltd says its flagship Karara iron ore project in Western Australia's midwest region (near Geraldton) wi...
  • Group of 20: A Rubbish Agreement
    Mon, 28 Jun 2010 16:27:52 -0700
    Ignore anything you may read or hear about new policies, breakthroughs or agreements emanating from the Group of 20 nati...
  • Can The Ford Explorer Stage A Comeback?
    Mon, 28 Jun 2010 10:10:29 -0700
    After special treatment in a wind tunnel, Ford's most famous SUV has cleaned up its act and prepares to re-enter society.
  • Best Bargain Colleges
    Mon, 28 Jun 2010 09:56:05 -0700
  • 20 Colleges With High Tuition, Low ROI
    Mon, 28 Jun 2010 09:56:05 -0700
  • Table: The Complete Ranking
    Mon, 28 Jun 2010 09:56:05 -0700
  • What Your Gadget Really Costs
    Mon, 28 Jun 2010 09:56:05 -0700
  • Robert Byrd, Longest-Serving U.S. Senator, Dies at 92
    Mon, 28 Jun 2010 09:53:00 -0700
    Robert Byrd, the U.S. senator who set records for longevity in Congress while becoming known for his powerful oratory and mastery of legislative rules and traditions, has died. He was 92.
  • Solar power done cheap -- really
    Mon, 28 Jun 2010 09:48:12 -0700
    In a construction van winding through Los Angeles' crowded streets one hot spring morning, 25-year old Tim Morris laid bare his contribution to changing America's dirty, fossil fuel-based economy.
  • Alex Expected to Reach Hurricane Strength in Gulf
    Mon, 28 Jun 2010 09:44:00 -0700
    Tropical Storm Alex may become a major hurricane as it churns toward the Texas-Mexico border forcing the evacuation of some rigs and sending swells at the oil slick created by the U.S.’s worst spill.
  • GM Mulls a New York Showroom to Woo Wall Street
    Mon, 28 Jun 2010 09:41:03 -0700
    General Motors realizes it has a nagging little marketing problem as it prepares for an initial public stock offering. The analysts, portfolio managers and potential investors that they are hoping will like their stock aren't big customers of the company's cars. So GM is mulling over a plan to open ...
  • GE Capital Hires Matthews From Barclays for Leveraged Finance
    Mon, 28 Jun 2010 09:40:08 -0700
    GE Capital, the finance arm of General Electric Co., appointed Dan Matthews as an executive director in its European leveraged finance unit.
  • BP Spill Costs at $2.65 Billion as Well Work Proceeds
    Mon, 28 Jun 2010 09:40:00 -0700
    BP Plc said the cost of battling the Gulf of Mexico oil spill has reached $2.65 billion as its drill two relief wells to plug the biggest oil spill in U.S. history.
  • Tesla increases size of IPO by 20 percent
    Mon, 28 Jun 2010 09:39:50 -0700
    SAN FRANCISCO (Reuters) - Electric carmaker Tesla Motors raised the number of shares it will sell in its initial public offering by 20 percent, an early sign that investor interest in the startup is strong.

  • Boeing Trades That Drove It Down 44% Are Canceled by Exchanges
    Mon, 28 Jun 2010 09:35:00 -0700
    NYSE Euronext and Nasdaq OMX Group Inc. canceled trades that briefly sent shares of Boeing Co., the aircraft maker that’s one of thirty Dow Jones Industrial Average stocks, down 44 percent this morning.
  • European Stocks Rise for First Time in Five Days; Peugeot Gains
    Mon, 28 Jun 2010 09:31:00 -0700
    European stocks gained for the first time in five days as automakers and mining companies rallied after the Group of 20 nations pledged to safeguard economic growth while cutting debt.
  • Apple boasts 1.7 million iPhone 4 sales
    Mon, 28 Jun 2010 09:29:48 -0700
    NEW YORK (Reuters) - Apple Inc had sold 1.7 million units of the iPhone 4 by Saturday June 26, its most successful product launch yet, the company said on Monday.

  • Dividends Are Stuck In SPDR's Web
    Mon, 28 Jun 2010 09:27:05 -0700
    Delay in investor dividend payouts adds up to a hefty $382 million-dollar short-term loan for State
  • U.S. Stocks Rise as Spending Grows, Tobacco Shares Rally
    Mon, 28 Jun 2010 09:27:00 -0700
    U.S. stocks gained, sending the Standard & Poor’s 500 Index higher for a second day, following a bigger-than-forecast rise in consumer spending and a rally in cigarette and telephone companies.
  • Vanguard fires shot in funds price war
    Mon, 28 Jun 2010 09:21:45 -0700
  • Wall Street advances, led by consumer shares
    Mon, 28 Jun 2010 09:20:01 -0700
    NEW YORK (Reuters) - Stocks rose on Monday, rebounding after losses last week and data showed consumer spending rose slightly more than expected in May.

  • What I Learned From A Chinese Billionaire
    Mon, 28 Jun 2010 09:19:49 -0700
    He taught me the basic principles he relied on to go from grinding poverty to enormous wealth.
  • Consumer spending up, saving at 8-month high
    Mon, 28 Jun 2010 09:19:17 -0700
    WASHINGTON (Reuters) - Consumer spending rose moderately in May even as savings touched the highest level in eight months, suggesting a tepid economic recovery was still intact.

  • Supreme Court Curbs Enron-Related Accounting Board
    Mon, 28 Jun 2010 09:16:24 -0700
    The decision stops far short of dismantling the administrative state that expanded during the Roosev
  • Interest rates may have to rise to curb return to risky behaviour, warns BIS
    Mon, 28 Jun 2010 09:13:41 -0700
    BIS says central banks may have to raise rates to prevent a return to the risky behaviour that triggered the financial crisis.
  • World's poor shouldn't pay for balanced budgets - U.N.
    Mon, 28 Jun 2010 09:10:36 -0700
    UNITED NATIONS (Reuters) - U.N. Secretary-General Ban Ki-moon on Monday warned the world's biggest economies against making the poorest people on the planet bear the brunt of plans to slash public debt and government deficits.
  • Fed's Bullard sees two-year limbo period for banks
    Mon, 28 Jun 2010 09:10:26 -0700
    WASHINGTON (Reuters) - U.S. financial firms are headed into a two-year limbo period as regulators fill in the blanks left in the massive reform legislation, St. Louis Federal Reserve Bank President James Bullard said.
  • Equities Gain On Consumer Spending Uptick
    Mon, 28 Jun 2010 09:05:00 -0700
    Personal incomes rose at a faster pace than consumer spending last month, the Commerce Department reports.
  • The Real Reason For Lefty Malaise
    Mon, 28 Jun 2010 09:03:59 -0700
    Since the 1960s, American and European lefties have wanted two things that are inherently in conflic
  • Tata Motors plans to raise $1bn
    Mon, 28 Jun 2010 09:03:08 -0700
    Tata Motors announces plans to raise 47bn rupees ($1bn) to help cut debt and expand the business.
  • Diabetes Drug Developments At Sanofi-Aventis, Merck
    Mon, 28 Jun 2010 09:03:00 -0700
    Sanofi's study of diabetes patients using Lantus in combination with Apidra showed improved patient outcomes.
  • Areva Chief Talks Power
    Mon, 28 Jun 2010 09:02:52 -0700
    Areva Chief Executive Anne Lauvergeon is supremely confident the world will soon understand what she
  • China slaps anti-dumping tax on EU steel fasteners
    Mon, 28 Jun 2010 09:00:58 -0700
    BEIJING (Reuters) - China will levy from Tuesday anti-dumping duties on carbon steel fasteners imported from the European Union, the Ministry of Commerce said on Monday, formalising a preliminary duty initiated last December.
  • BP says Hayward remains CEO, storm Alex looms
    Mon, 28 Jun 2010 09:00:46 -0700
    LONDON/HOUSTON (Reuters) - BP Plc defended its chief executive on Monday after Russia's deputy prime minister said he expected Tony Hayward to resign soon, as a strengthening storm threatened efforts to capture more oil gushing into the Gulf of Mexico.
  • Do-little G20 summit cheers spared bankers
    Mon, 28 Jun 2010 09:00:46 -0700
    PARIS (Reuters) - Bankers voiced relief on Monday after world leaders abandoned a global bank levy and eased the timetable for new capital requirements at a G20 summit in Canada which posed questions about the forum's effectiveness.

  • Total stops gasoline sales to Iran
    Mon, 28 Jun 2010 09:00:36 -0700
    PARIS (Reuters) - Total joined on Monday a growing list of oil companies that have stopped gasoline sales to Iran amid a U.S. drive to isolate Tehran and international efforts to curb the Islamic Republic's nuclear programme.
  • Financial Reform Legislation: The Devil's In The (2000 Pages Of) Details
    Mon, 28 Jun 2010 09:00:32 -0700
    I can't help believing that some raising of capital standards and limits on leverage (the ratio of d
  • Aster Silicates IPO subscribed 4.25 times - NSE data
    Mon, 28 Jun 2010 09:00:26 -0700
    MUMBAI (Reuters) - Sodium silicate maker Aster Silicates Ltd's 531-million-rupee initial public offer (IPO) was subscribed 4.25 times, data on the NSE website showed on Monday.
  • Pharma News: Sanofi-Aventis, Merck
    Mon, 28 Jun 2010 09:00:00 -0700
    Sanofi-Aventis (SNY) said over the weekend that its study of diabetes patients using its once-daily Lantus
  • Luiri Gold refutes Zambia mining license default charge
    Mon, 28 Jun 2010 08:58:06 -0700
    Minerals explorer Luiri Gold Ltd said it refuted the allegation that it was in default of provisions of the mining license LML48 granted to it, responding to a letter from the Director of Mines in Zambia.
  • Bout of profit-taking hobbles gold as dollar gains
    Mon, 28 Jun 2010 08:56:00 -0700
    Gold erased Monday's gains in afternoon trading in Europe, after a bout of profit-taking emerged as prices headed towards last week's record highs but were stopped short by the dollar gaining ground.
  • Sarbanes-Oxley auditing board ruled unconstitutional
    Mon, 28 Jun 2010 08:41:30 -0700
    WASHINGTON (Reuters) - The Supreme Court on Monday struck down part of a 2002 law that created a national board that polices auditors of public companies, ruling that it violated the constitutional requirement on the separation of powers among the branches of government.

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