Business - 12 August 2010

• Christie's Gambling Plan
  Thu, 12 Aug 2010 07:55:08 -0700
  
• HP to start selling printer-bundled tablet in September: Digitimes
  Thu, 12 Aug 2010 07:50:21 -0700
  Hewlett-Packard (HP) is expected to start selling a printer-bundled tablet PC in September, Digitimes Research reported.
• GM CEO Whitacre Said to Announce a Change in His Position
  Thu, 12 Aug 2010 07:49:00 -0700
  General Motors Co. Chief Executive Officer Ed Whitacre will announce a change in his role today, a person familiar with the matter said.
• Pimco’s Bill Gross to Be Panelist at U.S. Housing Conference
  Thu, 12 Aug 2010 07:48:12 -0700
  Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., is scheduled to be a panelist at an Obama administration conference Aug. 17 on the future of the U.S. housing finance system, the Treasury Department said.
• Nixon Official Asked Uruguay to Threaten Rebels
  Thu, 12 Aug 2010 07:47:01 -0700
  President Richard Nixon’s administration suggested that Uruguayan leaders try to prevent the impending murder of a kidnapped U.S. official by threatening to kill members of the insurgent group responsible for the abduction, according to newly declassified cables.
• Global wheat supply forecast cut
  Thu, 12 Aug 2010 07:42:13 -0700
  The US Department of Agriculture cuts its outlook for world wheat production after revising down its forecast for Russia.
• Barnes & Noble Said to Be Close to Accord With Burkle
  Thu, 12 Aug 2010 07:42:00 -0700
  Barnes & Noble Inc. is close to an accord giving billionaire Ron Burkle three board seats in exchange for dropping a lawsuit over limiting his stake in the company, said two people with knowledge of the matter.
• Techs get hammered
  Thu, 12 Aug 2010 07:41:15 -0700
  Stocks fell Thursday in a continuation of the previous day's retreat, as investors digested an unexpected rise in jobless claims and Cisco Systerms' cautious earnings outlook.
• GM posts largest quarterly profit since 2004
  Thu, 12 Aug 2010 07:41:00 -0700
  DETROIT (Reuters) - General Motors posted its biggest quarterly profit in six years on Thursday, a day ahead of an expected IPO filing that will clear the way for the U.S. government to relinquish its majority stake in the top U.S. automaker.

  
  

  
  
• Tired of living paycheck to paycheck
  Thu, 12 Aug 2010 07:38:51 -0700
  Question: I've been trying to be a little more thrifty lately. I realize that a lot of the luxuries Americans have are "wants" not "needs." Basically, I'd like to balance my household budget so I don't end up with just $30 at the end of the month. I'd even like to start building some savings. Any suggestions? --Kim, Idaho Falls, Idaho
• US stocks extend losses on weak jobs data
  Thu, 12 Aug 2010 07:38:34 -0700
  US stocks extended losses on Thursday as concerns about the global economic recovery deepened after Department of Labor reported that weekly jobless claims unexpectedly rose to a 5-month high
• Cisco's weak outlook
  Thu, 12 Aug 2010 07:37:22 -0700
  Cisco Systems Inc. posted a 79% jump in quarterly profit Wednesday, but the tech bellwether's revenue missed Wall Street's expectations. The company's sales outlook was also a slight disappointment and the stock plunged on the news.
• BP rally hits a wall
  Thu, 12 Aug 2010 07:34:38 -0700
  Even as BP appears poised to permanently kill its blown-out well in the Gulf of Mexico, shares of the company have hit a wall as investors turn their attention to the massive legal costs that lie ahead for the energy giant.
• Jobless Claims in U.S. Unexpectedly Climbed Last Week
  Thu, 12 Aug 2010 07:33:01 -0700
  More Americans unexpectedly filed applications for unemployment insurance last week, signaling firings stepped up as the economy slowed.
• CVS Caremark Cuts Medicare Bids to Regain Business
  Thu, 12 Aug 2010 07:33:00 -0700
  CVS Caremark Corp., the largest U.S. buyer and seller of prescription drugs, is cutting proposed prices for some Medicare services, aiming to recapture business lost to rivals.
• GM profit clears way for stock sale
  Thu, 12 Aug 2010 07:32:12 -0700
  General Motors posted its second straight profitable quarter Thursday, helping clear the way for a sale of shares to the public that is needed to repay billions in taxpayer assistance it received last year.
• Another Bailout Alum Returns, Rubin To Join Centerview
  Thu, 12 Aug 2010 07:31:10 -0700
  Former Citigroup Chairman comes back to Wall Street.
• Bank repossessions drive up July foreclosures
  Thu, 12 Aug 2010 07:31:08 -0700
  NEW YORK (Reuters) - More Americans fell into foreclosure in July as a sour job market kept them from making payments, and banks took over homes at a near record pace.

  
  

  
  
• India to shut BlackBerry if security not addressed
  Thu, 12 Aug 2010 07:30:42 -0700
  NEW DELHI (Reuters) - Research In Motion's encrypted BlackBerry email and instant messaging services will be shut down if the Canadian maker does not address Indian national security concerns by August 31, the government said on Thursday.

  
  

  
  
• U.S. Stocks Fall as Jobless Claims Data Cast Doubts on Recovery
  Thu, 12 Aug 2010 07:30:00 -0700
  U.S. stocks declined, with the Standard & Poor’s 500 Index falling for a third day, after unemployment claims unexpectedly rose to the highest in five months, adding to evidence the recovery is weakening.
• DLC Realty Trust postpones IPO
  Thu, 12 Aug 2010 07:29:57 -0700
  DLC Realty Trust said it has decided to postpone its initial public offering due to adverse market conditions.
• Property crash? Not if you live in the right place
  Thu, 12 Aug 2010 07:28:08 -0700
  Prices are falling almost everywhere, but there are still hot spots bucking the trend.
• Will 'tax the rich' save the economy?
  Thu, 12 Aug 2010 07:26:33 -0700
  Higher taxes on the nation's top wage earners could give a needed jolt to the struggling U.S. economy. Or it could be the tipping point that topples the nation back into recession.
• TARP bailout disproportionately benefited foreign banks: Government Panel
  Thu, 12 Aug 2010 07:13:18 -0700
  The U.S. government's $700-billion TARP bailout likely had a greater impact on foreign banks than than the stimuli packages of foreign countries had on their American counterparts, according to a report released by the Congressional Oversight Panel (COP),.
• Mortgage rates hit fresh lows on soft U.S. economy
  Thu, 12 Aug 2010 07:04:03 -0700
  NEW YORK (Reuters) - Home loan rates set new lows in the latest week on more evidence of a soft U.S. economy and high unemployment, home funding company Freddie Mac said on Thursday.

  
  

  
  
• Goldman Sachs Advises You To Invest In Jeggings
  Thu, 12 Aug 2010 07:03:54 -0700
  Analysts' fall-fashion forecast is scary indeed.
• Billionaire Universities
  Thu, 12 Aug 2010 07:00:00 -0700
  Harvard's official color may be crimson, but with all its wealthy alumni, it might as well be green.
• Asia Should Buy Into Africa's Growth
  Thu, 12 Aug 2010 07:00:00 -0700
  Sectors beyond natural resources are profitable and prime for further advances.
• Chevron finds natural gas in Western Australia
  Thu, 12 Aug 2010 06:51:13 -0700
  Chevron Corp, the second-biggest U.S. oil company, said it discovered natural gas in the Exmouth Plateau area of the Carnarvon Basin offshore Western Australia.
• Stocks Drop As Jobless Claims Rise, Cisco Softens
  Thu, 12 Aug 2010 06:45:00 -0700
  Tech firm's earnings disappoint and billion-dollar profit from GM does little to reverse morning's slide.
• Wall Street opens lower on job woes and Cisco
  Thu, 12 Aug 2010 06:41:59 -0700
  NEW YORK (Reuters) - Stocks fell at the open on Thursday after an unexpected rise in new claims for unemployment insurance added to concerns about a slowing economic recovery.

  
  

  
  
• Prudential trims cost of botched AIA deal
  Thu, 12 Aug 2010 06:40:28 -0700
  LONDON/HONG KONG (Reuters) - Insurer Prudential said its failed bid for AIG's Asian unit will cost less than first expected, and confirmed that the bungled takeover attempt has killed its appetite for big M&A deals.
• Barnes & Noble, Burkle in talks to end fight: source
  Thu, 12 Aug 2010 06:32:04 -0700
  LOS ANGELES (Reuters) - Bookseller Barnes & Noble Inc is in talks with Ronald Burkle's investment firm to end the billionaire's lawsuit and avoid a potential fight over the company's board, a source with knowledge of the talks told Reuters late Wednesday.

  
  

  
  
• Gold bounces after surprise rise in U.S. jobless data
  Thu, 12 Aug 2010 06:30:26 -0700
  LONDON (Reuters) - Spot gold prices extended gains on Thursday after U.S. weekly unemployment data reinforced concern among investors over the outlook for the world's largest economy, prompting a fresh wave of safe-haven buying.
• The Rise Of The Serial Entrepreneur
  Thu, 12 Aug 2010 06:30:00 -0700
  Some entrepreneurs are making their mark in the world of small business over and over again.
• Noda noncommittal as yen rises to near 15-year high
  Thu, 12 Aug 2010 06:25:57 -0700
  The yen kept near 15-year high on Thursday even as Japanese Finance Minister Yoshihiko Noda refused to outline any plan of action to curb the currency's rise which has already hit the export competitiveness of the country.
• Memoirs Of BP?s Browne Foreshadow Blowout
  Thu, 12 Aug 2010 06:24:30 -0700
  Consultants and former BP employees have blamed the company?s Gulf spill on a culture of irres
• Jobless claims rise to almost half-year high
  Thu, 12 Aug 2010 06:22:46 -0700
  WASHINGTON (Reuters) - The number of U.S. workers filing new claims for unemployment insurance unexpectedly rose to its highest level in close to six months, a fresh signal of a weak jobs market.

  
  

  
  
• Strike to result in production loss of 2,100 cars a day at BMW, GM and Toyota plants in South Africa
  Thu, 12 Aug 2010 06:18:07 -0700
  Due to ongoing strike by workers in th South African plants of BMW, General Motors and Toyota, among others, the automakers see a production loss of more than 2,100 vehicles per day
• Punj Lloyd wins five solar power projects from Punjab...
  Thu, 12 Aug 2010 06:03:13 -0700
  New Delhi, Aug 12 (ANI): Punj Lloyd Group, the global engineering, procurement and construction conglomerate, today announced winning of five prestigious solar power contracts from Punjab Energy Development Agency (PEDA) on complete Turnkey EPC basis.
• Controlling The Crisis On Campus
  Thu, 12 Aug 2010 06:00:00 -0700
  A bold plan for reforming our colleges and universities.
• Where's My Professor?
  Thu, 12 Aug 2010 06:00:00 -0700
  The disappearing faculty and the lost soul of American higher education.
• Catering To The 21st-Century Learner
  Thu, 12 Aug 2010 06:00:00 -0700
  Higher education must evolve with an emphasis on mobility, social choice, flexibility and speed.
• Beware Of For-Profit Higher Education
  Thu, 12 Aug 2010 06:00:00 -0700
  Student debt may outweigh the degree's value.
• Making College Affordable Again
  Thu, 12 Aug 2010 06:00:00 -0700
  Americans are overwhelmed with student loan debt. The government can help.