Wednesday, July 21, 2010

Business - 21 July 2010

  • Culture Warriors
    Wed, 21 Jul 2010 07:00:00 -0700
    Iraq's vibrant, yet struggling, art scene.
  • Morgan Stanely Turns It Around
    Wed, 21 Jul 2010 07:00:00 -0700
    Firm produces Q2 profit, reverses year-ago loss, thanks to a 53% sales gain.
  • Wall Street little changed, Bernanke eyed
    Wed, 21 Jul 2010 07:00:00 -0700
    NEW YORK (Reuters) - Stocks trimmed early gains on Wednesday to trade little changed as enthusiasm over earnings from the financial sector and Apple were tempered by caution ahead of testimony from Federal Reserve Chairman Ben Bernanke.

  • Manufacturers' view rosier as demand returns
    Wed, 21 Jul 2010 06:55:54 -0700
    BOSTON/NEW YORK (Reuters) - Three major manufacturers raised their profit targets for the rest of the year on Wednesday, saying they were confident that a rebound in demand for industrial goods would hold.

  • Stocks open higher on strong earnings, including Apple's stellar results
    Wed, 21 Jul 2010 06:52:46 -0700
    Stocks are higher, boosted by extraordinary second-quarter earnings from Apple (NASDAQ: AAPL) released late yesterday and buoyant profit reports this morning from Coca-Cola (NYSE: KO) and Morgan Stanley (NYSE: MS), among others.
  • Archive: Broadband Boom Misses the Poor
    Wed, 21 Jul 2010 06:52:16 -0700
  • Stocks In Flux After Higher Open
    Wed, 21 Jul 2010 06:50:00 -0700
    Beats from the likes of Morgan Stanley and Apple got the Street off to positive start, but gains quickly vanish.
  • Freeview to broadcast Sky Sports
    Wed, 21 Jul 2010 06:45:47 -0700
    Sky and Top Up TV agree a deal that will allow Freeview customers to watch Sky Sports 1 and Sky Sports 2.
  • David Gauke, Exchequer Secretary, on the Office of Tax Simplification
    Wed, 21 Jul 2010 06:43:27 -0700
    David Gauke, Exchequer Secretary, has the task of making Britain open for business. He tells Louise Armitstead about his new weapon - the Office of Tax Simplification.
  • Morgan Stanley profit beats estimates
    Wed, 21 Jul 2010 06:39:39 -0700
    NEW YORK (Reuters) - Morgan Stanley reported higher-than-expected second-quarter profit as its expanded stable of traders helped it win new business.

  • Stocks gain on earnings optimism
    Wed, 21 Jul 2010 06:39:35 -0700
    Stocks opened higher Wednesday after strong earnings from Apple, Morgan Stanley and Wells Fargo boosted confidence.
  • So You Want to Be a Landlord...
    Wed, 21 Jul 2010 06:37:43 -0700
    Just say the phrase "rental property" and people's eyes light up. Everyone knows that rentals have t
  • Wells Fargo tops forecast
    Wed, 21 Jul 2010 06:35:30 -0700
    NEW YORK (Reuters) - Wells Fargo & Co , the fourth-largest U.S. bank, posted higher-than-expected quarterly earnings, helped by declining losses on commercial and consumer loans.

  • Coca-Cola profit tops Street view; shares up
    Wed, 21 Jul 2010 06:30:58 -0700
    NEW YORK (Reuters) - Coca-Cola Co reported a higher-than-expected quarterly profit on Wednesday, helped by increased sales volume in most of its markets.
  • Consensus emerging on GST structure: panel chief
    Wed, 21 Jul 2010 06:30:48 -0700
    NEW DELHI (Reuters) - A consensus is emerging between sates and the federal government on the goods and services tax structure (GST), Asim Dasgupta, the head of the panel of state finance ministers on GST said on Wednesday.
  • Madoff trustee sues 43 new defendants
    Wed, 21 Jul 2010 06:30:38 -0700
    NEW YORK (Reuters) - The trustee overseeing the liquidation of Bernard Madoff's financial advisory firm has sued 43 new defendants affiliated with a hedge fund firm that fed money to the now-imprisoned Ponzi schemer.
  • Europe banks told to test on 2 adverse scenarios
    Wed, 21 Jul 2010 06:30:27 -0700
    FRANKFURT (Reuters) - Europe's banks have been asked to estimate how much additional capital they would need under two adverse scenarios as part of stress tests aimed at reviving confidence among investors.
  • Next iPhone impulse buy: Your car
    Wed, 21 Jul 2010 06:29:05 -0700
    Here's a smartphone tool that people prone to midnight shopping binges should handle with care.
  • The end of the desktop PC (seriously)
    Wed, 21 Jul 2010 06:27:28 -0700
    Video may have killed the radio star, but the PC and a host of other seemingly outdated consumer gadgets live on in the face of many attempts to replace them.
  • Banknote production stops at site
    Wed, 21 Jul 2010 06:22:27 -0700
    The world's largest banknote printer is forced to suspend some production at its Hampshire factory due to an issue over paper used.
  • Mortgage error sees payments rise
    Wed, 21 Jul 2010 06:18:24 -0700
    Thousands of Clydesdale and Yorkshire Bank customers face increased mortgage payments after a miscalculation error.
  • BP denies CEO leaving as it readies asset sales
    Wed, 21 Jul 2010 06:17:11 -0700
    LONDON/HOUSTON (Reuters) - BP denied a report its embattled chief executive would leave soon, as it lined up $7 billion in asset sales to help pay for the worst oil spill in U.S. history, lifting its shares on Wednesday.

  • Home sales continue to increase
    Wed, 21 Jul 2010 06:16:56 -0700
    The number of homes sold in the UK in June rose by 21% from the month before to 86,000, HM Revenue & Customs says.
  • Morgan Stanley posts profit, beats Street view
    Wed, 21 Jul 2010 06:11:19 -0700
    NEW YORK (Reuters) - Morgan Stanley reported higher-than-expected second-quarter profit on Wednesday despite weak industry trends.
  • POLL - Brazil real to slip as growth slows, election looms
    Wed, 21 Jul 2010 06:11:09 -0700
    SAO PAULO/MUMBAI, July 21 (Reuters) - A slowdown in Brazil's booming economy and jitters over the country's presidential election will cause the real to trail behind other BRIC nations' currencies over the next year, a Reuters poll showed on Wednesday.
  • Lagarde confirms bank test results will come on Fri
    Wed, 21 Jul 2010 06:10:59 -0700
    PARIS (Reuters) - French Economy Minister Christine Lagarde confirmed on Wednesday that the results of Europe-wide bank stress tests would be published on Friday as originally planned, and not before.
  • ANALYSIS - Trust technology, market as oil reserves dwindle
    Wed, 21 Jul 2010 06:10:49 -0700
    LONDON (Reuters) - Reserves of conventional crude oil, the world's most popular fuel, are dwindling.
  • NHL Rejects Kovalchuk's 17-Year Contract
    Wed, 21 Jul 2010 06:10:47 -0700
    Yesterday I wrote about Ilya Kovalchuk's record-breaking 17-year $102 million contract.? Virtually n
  • Boeing upbeat on global aerospace, defence market
    Wed, 21 Jul 2010 06:10:27 -0700
    FARNBOROUGH, England (Reuters) - Boeing Co's top defence official on Wednesday said he was feeling upbeat about the outlook for the global defence market, saying there were more customers at the Farnborough Airshow this year and "a little more optimism about the economy."
  • IG Group delivers record results on international growth
    Wed, 21 Jul 2010 06:10:08 -0700
    IG Group has reported its seventh consecutive set of record full-year results. Increased trading by customers and international expansion helped the spread-betting company continue its strong run.
  • Wall Street reform starts today
    Wed, 21 Jul 2010 06:06:25 -0700
    As soon as President Obama's name shows up on the Dodd-Frank Wall Street reform law Wednesday, there will be some changes in the way the financial industry does business.
  • RBS business in $7.6bn jet order
    Wed, 21 Jul 2010 06:05:44 -0700
    A business that is part of Royal Bank of Scotland has announced an order for 95 Boeing and Airbus jets worth $7.6bn (£5bn).
  • Industrials Poised To Benefit From Inventory Rebuild
    Wed, 21 Jul 2010 06:00:00 -0700
    Morningstar analysts have upbeat view on beaten-down American manufacturers, given necessity of big restocking cycle.
  • BlackRock Profit Doubles After BGI Deal Adds Assets
    Wed, 21 Jul 2010 06:00:00 -0700
    BlackRock Inc. said second-quarter profit rose 98 percent as the acquisition of Barclays Global Investors boosted assets and fees.
  • Morgan Stanley books $1.4 billion in profit
    Wed, 21 Jul 2010 05:55:59 -0700
    Morgan Stanley said Wednesday it earned $1.4 billion from operations in the latest quarter, rebounding from a year-earlier loss and surpassing analysts' expectations.
  • Morgan Stanley Net Beats Estimates on Stock Trading
    Wed, 21 Jul 2010 05:55:00 -0700
    Morgan Stanley, owner of the world’s biggest brokerage, reported second-quarter earnings that beat analysts’ estimates as revenue from trading stocks surpassed all five of the company’s bigger competitors.
  • US futures point to higher opening after bank results
    Wed, 21 Jul 2010 05:54:40 -0700
    Futures on major U.S. indices point to a higher opening after quarterly results from top banks Wells Fargo, U.S. Bancorp and Morgan Stanley as well as stronger earnings and outlook from Apple.
  • Coca-Cola Profit Rises as North American Sales Climb
    Wed, 21 Jul 2010 05:50:00 -0700
    Coca-Cola Co., the world’s largest soft-drink maker, posted a 16 percent increase in second-quarter profit as North American sales volumes climbed for the first time since 2007.
  • No Sales Means No Jobs Means No Recovery
    Wed, 21 Jul 2010 05:48:07 -0700
    Last week U.K. scientists determined which came first: the chicken or the egg? They claim it was the chicken. But the Wall Street version is which comes first Sales or Jobs is still open. Consumers don't want to spend because they don't feel comfortable about the future, specifically the economy ...
  • BP oil spill: BP says Tony Hayward to stay as chief executive
    Wed, 21 Jul 2010 05:26:27 -0700
    BP's board has denied reports that chief executive Tony Hayward is to step down.
  • Bank of England could pump more cash into the economy: MPC minutes
    Wed, 21 Jul 2010 05:16:52 -0700
    Bank of England policymakers have considered extending its £200bn 'money-printing' programme for the first time in four months.
  • Another $12 billion-plus day at Farnborough
    Wed, 21 Jul 2010 05:14:40 -0700
    FARNBOROUGH (Reuters) - More than $12 billion in airplane orders from lessors and Asia-Pacific carriers dominated the third day of the Farnborough Airshow, as manufacturers stood ready to raise their forecasts for the year on the back of strong demand.

  • Coca-Cola profit tops Street view
    Wed, 21 Jul 2010 05:09:10 -0700
    NEW YORK (Reuters) - Coca-Cola Co reported a higher-than-expected quarterly profit on Wednesday, helped by increased sales volume in most of its markets.

  • Honda clears doubts, forays into electric cars market
    Wed, 21 Jul 2010 04:36:33 -0700
    Honda breaks its silence on electric cars, plans to launch green vehicles by 2012 in the US and Japan
  • Mortgage holders hit by huge repayment rises after bank error
    Wed, 21 Jul 2010 04:32:46 -0700
    Thousands of mortgage holders are facing huge rises in their monthly repayments thanks to a banking error.

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