Thursday, July 8, 2010

Business News - 08 July 2010

  • The Economy: Jobs Growth Soars, Putting Pressure On Rates
    Thu, 08 Jul 2010 16:32:11 -0700
    We saw more jobs than expected in June; 45,900 new ones were created, according to the ABS.That's unqualified good news...
  • World Economy: IMF Holds Australia, But Upgrades World
    Thu, 08 Jul 2010 16:30:33 -0700
    The International Monetary Fund sees growth in the Australian economy marking time over the remainder of 2010, compare...
  • Asia: China's Coal Import Boom To Continue
    Thu, 08 Jul 2010 16:28:44 -0700
    Good news for Australian coal exporters, China, the world's biggest producer and consumer, is facing an increasing short...
  • Corporates: Boral, CSR, Orica
    Thu, 08 Jul 2010 16:24:21 -0700
    As expected, Boral shares fell sharply yesterday after trading resumed in the wake of the issue to institutional shareho...
  • Gold: New Caution Seen As Prices Wobble
    Thu, 08 Jul 2010 16:23:29 -0700
    Up to Thursday, gold had lost 4.7% since settling at the record high of $US1,258.30 an ounce on June 18.Included in tha...
  • 'What Fresh Hell Is This?'
    Thu, 08 Jul 2010 09:00:00 -0700
    For small-business owners, even small regulations cost money, time and energy. No wonder new hiring has slowed.
  • United States Vs. One Moon Rock
    Thu, 08 Jul 2010 09:00:00 -0700
    Having a moon rock may not be illegal, but getting one almost certainly is.
  • Why Investment Choices In Your 401(k) Might Change
    Thu, 08 Jul 2010 09:00:00 -0700
    As employers seek to cut costs, retail mutual funds are being replaced by lower cost options.
  • Nigeria leader seeks lower oil output in budget
    Thu, 08 Jul 2010 08:55:32 -0700
    Nigerian President Goodluck Jonathan has asked parliament to lower the oil production assumption in the country's 2010 spending plans to 2.2 million barrels per day (bpd) from 2.25 million, according to a letter seen by Reuters on Thursday.
  • IMF raises global growth estimate
    Thu, 08 Jul 2010 08:44:35 -0700
    The International Monetary Fund raises its world economic growth forecast for 2010 from 4.2% to 4.6%, but downgrades the UK.
  • European Stress Tests: Fantastic Fudge
    Thu, 08 Jul 2010 08:43:40 -0700
    t is clear that this examination is one that has been designed to let the largest possible earn a pa
  • Europe shores up support for bank stress tests
    Thu, 08 Jul 2010 08:40:26 -0700
    LONDON (Reuters) - European supervisors won tentative support for impending bank stress tests on Thursday, while markets sought more detail about the process before delivering a final verdict.
  • Stressful Times for Leisure Stocks
    Thu, 08 Jul 2010 08:40:17 -0700
    Operators of cruise lines, hotels, and casinos have taken a big hit recently amid worries about a slow summer travel season
  • Chase Offers Borrowers Incentives to Hire
    Thu, 08 Jul 2010 08:40:17 -0700
  • Socially Sensitive Stupidity
    Thu, 08 Jul 2010 08:39:22 -0700
    Avoiding funds that invest in 'bad' companies may make your conscience feel better but it's a dumb w
  • Corrected: About $10 trln up for grab for wealth managers: study
    Thu, 08 Jul 2010 08:36:42 -0700
    (Corrects to show top ten list includes Royal Bank of Canada, not Royal Bank of Scotland)


  • Gazprom most profitable firm on Fortune Global 500
    Thu, 08 Jul 2010 08:33:04 -0700
    NEW YORK (Reuters) - Russian gas giant Gazprom was the world's most profitable company in 2009 despite ranking 50th in revenue, Fortune magazine said on Thursday with the publication of the Fortune Global 500.


  • Q+A - How Europe will stress-test its banks
    Thu, 08 Jul 2010 08:30:48 -0700
    BRUSSELS (Reuters) - In an effort to reassure financial markets about the health of the European Union's banking system, the bloc's countries will stress-test a large number of their banks and publish the results.
  • IMF sees no double-dip U.S. recession - IMF's Kramer
    Thu, 08 Jul 2010 08:30:38 -0700
    WASHINGTON (Reuters) - The International Monetary Fund does not anticipate a double-dip recession for the United States, the head of the Fund's North American division said on Thursday.
  • IMF - U.S. recovering, sees unemployment, housing risks
    Thu, 08 Jul 2010 08:30:26 -0700
    WASHINGTON (Reuters) - High unemployment and a moribund housing market are constraining the U.S. economic recovery, while the public debt looms large on the horizon and needs to be addressed, the International Monetary Fund said on Thursday.
  • Trichet Says Europe’s Economy Is Stronger Than Investors Think
    Thu, 08 Jul 2010 08:30:18 -0700
    European Central Bank President Jean- Claude Trichet said Europe’s economy is stronger than some investors think and signaled the bank doesn’t intend to do more to fight the sovereign debt crisis for now.
  • How To Ask For Your Pay Cut Back
    Thu, 08 Jul 2010 08:30:17 -0700
    First give careful consideration to the state of your industry and company and the type of employee you've been throughout the recession.
  • Court fight looms, BP dampens hope of early leak fix
    Thu, 08 Jul 2010 08:29:37 -0700
    NEW ORLEANS (Reuters) - The Obama administration headed to court on Thursday to fight for the moratorium on deepwater drilling it imposed in response to the BP oil spill, while the British oil giant sought to dampen talk it could stop its gushing well this month.


  • Plan to change private pensions
    Thu, 08 Jul 2010 08:28:44 -0700
    The government wants to change the way some private sector pensions are calculated, using a different measure of inflation.
  • Stocks hold gains on reassuring reports
    Thu, 08 Jul 2010 08:26:59 -0700
    Stocks clung to gains Thursday, building on the previous day's advance, after a bigger-than-expected drop in jobless claims reassured investors worried about the economic outlook.
  • Russian Convicted Spy Lands in Vienna; Swap May Be Underway
    Thu, 08 Jul 2010 08:26:00 -0700
    Russian military researcher Igor Sutyagin, convicted of espionage in 2004, arrived in Vienna today in what may be the first stage of a spy swap with the U.S., a human rights activist said.
  • June discounts help retail sales
    Thu, 08 Jul 2010 08:25:55 -0700
    NEW YORK (Reuters) - U.S. retailers relied heavily on promotions to win over cautious consumers in June, and the trend may weigh on margins as they head into the key back-to-school shopping season.


  • And the Emmy for Biggest Snub Goes To...
    Thu, 08 Jul 2010 08:25:20 -0700
    Those who did score Emmy nods are busy celebrating. We recognize those who did not.
  • Why the gold rush may not be over
    Thu, 08 Jul 2010 08:25:20 -0700
    Less than three weeks after gold surged to record highs, the precious metal has scaled back about 5% and is hovering once again around $1,200 an ounce.
  • U.S. Banks Recruit Investors to Kill FASB Fair-Value Proposal
    Thu, 08 Jul 2010 08:24:24 -0700
    Banking lobbyists have launched an e- mail and Web campaign to mobilize investors against a proposed expansion of fair-value accounting rules that may force banks such as Citigroup Inc. and Wells Fargo & Co. to write down billions of dollars of assets.
  • U.S. Retail Sales Rise in June on Weather, Discounts
    Thu, 08 Jul 2010 08:20:00 -0700
    U.S. retailers reported sales gains in June as record-high temperatures on the East Coast pushed more shoppers into air-conditioned malls.
  • Shoppers picky as they head back to stores
    Thu, 08 Jul 2010 08:19:28 -0700
    Sales at major retailers rose for a 10th straight month in June, but mixed results reported Thursday signaled that consumers are still cautious.
  • Financial reform: Why bother?
    Thu, 08 Jul 2010 08:19:15 -0700
    Putting aside Republicans who are now programmed to object to anything the Democratic Congress tries to pass, it's pretty hard to find a critic of financial reform these days -- at least one with the guts to voice their criticisms out loud and in public.
  • How The Recession Has Changed America's Spending
    Thu, 08 Jul 2010 08:15:28 -0700
    Americans were becoming frugal before the economy's decline, but the recession has accelerated this trend.
  • Euro Higher As Stress Over Bank Tests Fades
    Thu, 08 Jul 2010 08:15:19 -0700
    Investors cheer news that Europe's bank stress tests will be anything but stressful. Negative fundam
  • Madison Square Shares Fall Before Decision
    Thu, 08 Jul 2010 08:10:00 -0700
    Madison Square Garden Inc., owner of the New York Knicks, retreated in U.S. trading after ESPN reported that LeBron James is leaning toward playing basketball for the Miami Heat instead of the company’s team.
  • Stocks, Oil Rise on Economy; 10-Year Treasury Yield Tops 3%
    Thu, 08 Jul 2010 08:10:00 -0700
    Stocks rose, giving the Standard & Poor’s 500 Index its first three-day rally since April, and oil gained as the International Monetary Fund lifted its estimate for global growth and U.S. jobless claims decreased. Ten-year Treasury yields topped 3 percent for the first time this month.
  • Gulf Drilling Ban Should Be Restored, U.S. Argues
    Thu, 08 Jul 2010 08:09:00 -0700
    A three-judge appeals panel will hear arguments from the U.S. government today on whether a six-month moratorium on deep-water drilling in the Gulf of Mexico should be reinstated after a lower court judge threw out the ban.
  • Former NIR Group Analyst Accused of Securities Fraud
    Thu, 08 Jul 2010 08:01:33 -0700
    Daryl Dworkin misled investors and accepted kickbacks while working at NIR Group, criminal informati
  • IMF says U.S. recovering but sees unemployment, housing risks
    Thu, 08 Jul 2010 08:00:29 -0700
    WASHINGTON (Reuters) - High unemployment and a moribund housing market are constraining the U.S. economic recovery, while the public debt looms large on the horizon and needs to be addressed, the International Monetary Fund said on Thursday.


  • Chris Brogan On Social Networking For Business
    Thu, 08 Jul 2010 08:00:03 -0700
    Social media expert Chris Brogan gives advice on using social media to get sales leads.
  • Europe shores up support for bank stress tests
    Thu, 08 Jul 2010 07:50:50 -0700
    LONDON (Reuters) - European supervisors won tentative support for impending bank stress tests on Thursday, while markets sought more detail about the process before delivering a final verdict.


  • Fortune list 2010 reveals key trends
    Thu, 08 Jul 2010 07:43:04 -0700
    Interesting patterns emerge from the Fortune global list of top 10 companies
  • Stocks up modestly after solid jobs data
    Thu, 08 Jul 2010 07:04:38 -0700
    U.S. stocks continued to rally on Thursday after initial jobless claims came in better than expected. Investors also digested mixed news from the IMF and U.S. retail sales data.
  • Wall Street's Hiring Boom
    Thu, 08 Jul 2010 07:04:36 -0700
    A sign of good times ahead for the stock market?

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