Friday, August 13, 2010

Business - 13 August 2010

  • US stocks waver after mixed economic data
    Fri, 13 Aug 2010 08:09:35 -0700
    US stocks waver between small gains and losses in early trade on Friday as mixed economic reports failed to boost investor confidence about the global economic recovery.
  • Steve Jobs: No dividends
    Fri, 13 Aug 2010 08:07:16 -0700
  • Toys of the ultra rich: What they cost
    Fri, 13 Aug 2010 08:06:03 -0700
    Sure, it's expensive to buy the toys of the rich and famous. But buying them is just the start - once you have them they cost a small fortune to keep.
  • Fame & Fortune: Kay Burley
    Fri, 13 Aug 2010 07:56:53 -0700
    Kay Burley, 49, is one of Sky News' longest serving presenters, having joined the network in 1989.
  • Even a Lousy Bridge is a Bridge to Somewhere
    Fri, 13 Aug 2010 07:51:05 -0700
    It is a truth universally acknowledged that some jobs are lousy. Lots of jobs, actually. In fact, I'
  • Stocks churn after mixed reports
    Fri, 13 Aug 2010 07:49:51 -0700
    Stocks were under pressure early Friday, following three consecutive days of declines, as investors digested dour reports on retail sales and consumer sentiment.
  • Time to dump small-caps?
    Fri, 13 Aug 2010 07:48:50 -0700
  • New Director Brings Dance Experience To Justin Bieber Flick
    Fri, 13 Aug 2010 07:46:16 -0700
    New director Jon Chu brings Step Up experience to the upcoming 3-D concert documentary.
  • IBM snaps up analytics firm for 120% premium
    Fri, 13 Aug 2010 07:45:50 -0700
    IBM agreed Friday to purchase software firm Unica for $480 million, offering a giant premium for the marketing analytics company.
  • European Stocks Advance, Paring Weekly Decline; Aviva Rallies
    Fri, 13 Aug 2010 07:45:01 -0700
    European stocks rose, paring this week’s decline on the Stoxx Europe 600 Index, after a private report in the U.S. showed consumer confidence rose more than economists estimated.
  • Iran’s Bushehr Nuclear Plant to Start Up Aug. 21
    Fri, 13 Aug 2010 07:45:00 -0700
    Iran’s first nuclear power plant will start operating Aug. 21, with electricity generation to begin “several months later,” said Rosatom Corp., the Russian state nuclear holding company building the facility.
  • The NHL: Where No Contract Is Safe
    Fri, 13 Aug 2010 07:43:36 -0700
    The Kovalchuk decision could have far-reaching effects on player contracts in the NHL.
  • Retail sales tepid but sentiment finds a footing
    Fri, 13 Aug 2010 07:40:31 -0700
    WASHINGTON (Reuters) - Retail sales rebounded in July but showed hints of lingering economic softness, as did inflation data showing underlying price pressures stuck at their lowest level since the 1960s.

  • An Enron-era name acquired by Blackstone
    Fri, 13 Aug 2010 07:40:23 -0700
    Shares of Dynegy Inc. - a power generating company that played a role in the Enron scandal - surged more than 60% Friday after the company agreed to be acquired by investment firm Blackstone Group for $4.7 billion, including its existing debt.
  • Economic blame game
    Fri, 13 Aug 2010 07:39:25 -0700
    Consumers drive more than two-thirds of the nation's economy, and with growth hard to spot these days, it's easy to place the blame on stingy spenders. But that's a mistake.
  • Back-to-school savings
    Fri, 13 Aug 2010 07:39:01 -0700
    It's that time of year again ... back to school time!
  • Northern Rock returns with bond paying 4.5pc
    Fri, 13 Aug 2010 07:36:32 -0700
  • Spanish Bonds Fall on Economy Concern; Bunds Yield Record Low
    Fri, 13 Aug 2010 07:33:00 -0700
    Spanish bonds fell and the extra yield investors demand for holding Greek debt instead of German bunds rose to the most since May on concern flagging growth in nations on Europe’s periphery will crimp the region’s recovery.
  • Lukoil Junk Threat Lifts Yield to High Versus Gazprom
    Fri, 13 Aug 2010 07:30:00 -0700
    Investors are demanding the highest yields in 15 months to buy bonds of OAO Lukoil rather than gas producer OAO Gazprom on concern plans by Russia’s second-biggest oil company to buy back shares will prompt a downgrade to junk.
  • Consumer Sentiment Index in U.S. Increased in August
    Fri, 13 Aug 2010 07:27:00 -0700
    Confidence among U.S. consumers rose in August, a sign the biggest part of the economy may soon stabilize.
  • Shelby Demands Senate Review Into Soldiers’ Death Benefits
    Fri, 13 Aug 2010 07:24:05 -0700
    Richard Shelby, the ranking Republican on the Senate Banking Committee, requested the panel review the practice of insurers earning income by retaining soldiers’ death benefits rather than sending lump sum payments to survivors.
  • Medical tourism costs under the microscope
    Fri, 13 Aug 2010 07:19:57 -0700
    One in 20 people have recently had a medical or dental procedure outside Britain - or are planning one.
  • Many stuck as travel firm folds
    Fri, 13 Aug 2010 07:19:50 -0700
    Birmingham-based travel company Sun4U collapses, leaving 1,200 holidaymakers stranded abroad.
  • Investors fly the flag for commercial property
    Fri, 13 Aug 2010 07:17:33 -0700
    Commercial property is experiencing something of a comeback, just two years after investors were desperately trying to withdraw their cash from the tumbling asset class.
  • Wall St. buoyed by consumer sentiment
    Fri, 13 Aug 2010 07:13:30 -0700
    NEW YORK (Reuters) - U.S. stocks were mostly flat on Friday after data showed consumer sentiment inched up in early August from July and was slightly above forecasts, even if consumers see little improvement in the economy.

  • Penney profit beats, outlook weak
    Fri, 13 Aug 2010 07:03:32 -0700
    NEW YORK (Reuters) - J.C. Penney Co Inc reported stronger-than-expected quarterly earnings, helped by tighter cost controls and its expansion of exclusive brands, and forecast improving sales in its current quarter.

  • German juggernaut propels euro zone GDP jump
    Fri, 13 Aug 2010 07:02:46 -0700
    DUBLIN (Reuters) - European economic growth accelerated sharply in the second quarter of 2010 as Germany's best performance since reunification more than made up for the struggles of Spain, Ireland and recession-ravaged Greece.

  • Nvidia, Rambus shares up on license deal, legal spat still on
    Fri, 13 Aug 2010 06:58:28 -0700
    Shares of both Nvidia and Rambus surged in the morning trade, after the parties signed a patent licensing agreement.
  • Numbers Fine But Conservative Guidance Hits Nordstrom
    Fri, 13 Aug 2010 06:58:00 -0700
    Shares drop 4% in early Friday trading despite beats on the top and bottom lines.
  • PersonalFinance: The retirement process
    Fri, 13 Aug 2010 06:55:01 -0700
    WASHINGTON (Reuters) - Many workers and financial companies talk about retirement as if it's a day on which everything changes. The day you retire is the day you need X amount in the bank, an annuity, a Social Security check and an old person's portfolio, they suggest. It's the day you're done: with work, with commuting, with consuming and more.

  • Stocks Struggle On Economic Worries
    Fri, 13 Aug 2010 06:55:00 -0700
    Retail sales rise, but less than anticipated.
  • J.C. Penney Beats By A Penny On EPS, Falls Short On Sales
    Fri, 13 Aug 2010 06:50:00 -0700
    The retailer surpasses profit forecasts but sales are a bit light. Forecast not swell, either.
  • Wendy's Sales Not Beefy Enough
    Fri, 13 Aug 2010 06:45:00 -0700
    The fast-food chain misses top line forecasts.
  • Euro zone Q2 GDP surges, but growth very uneven across continent
    Fri, 13 Aug 2010 06:44:42 -0700
    The economy of the 16-member euro zone climbed a better-than-expected 1 percent in the second-quarter (quarter-on-quarter) driven by a surge in Germany's export segment.
  • RBI releases core investment company norms
    Fri, 13 Aug 2010 06:30:26 -0700
    MUMBAI (Reuters) รข€“ The Reserve Bank of India (RBI) on Friday said core investment companies with assets over 1 billion rupees will be required to obtain certificate of registration from it while the ones below 1 billion rupees need not.
  • Michael Page International share price down on FTSE 250 ahead of H1 results
    Fri, 13 Aug 2010 06:16:38 -0700
    Shares in Michael Page International were down on the FTSE 250 in afternoon trading ahead of the recruitment firm's half year results, due out on Monday morning.
  • Dynegy to be bought by Blackstone in three-way deal
    Fri, 13 Aug 2010 06:15:08 -0700
    Energy firm Dynegy said it agreed to be acquired by an affiliate of Blackstone Group L.P. for about $4.7 billion, including debt, making it one of the leveraged buyouts of the year.
  • McNally Bharat scouts for buys in Europe
    Fri, 13 Aug 2010 06:10:58 -0700
    KOLKATA (Reuters) - Civil engineering firm McNally Bharat Engineering Co Ltd is in talks with 2-3 west European firms for acquisitions, and could spend upto $40-50 million, a top official said on Friday.
  • Rupee erases gains on bout of risk aversion
    Fri, 13 Aug 2010 06:10:48 -0700
    MUMBAI (Reuters) - The rupee gave back early gains on Friday, tracking the euro's fall as concerns about weaker euro zone economies sparked a bout of risk aversion, triggering dollar demand from domestic importers.
  • U.S. retail sales rebound in July, softness lingers
    Fri, 13 Aug 2010 06:10:38 -0700
    WASHINGTON (Reuters) - U.S. retail sales rose in July in a hopeful sign for the economy, but the gains were concentrated in auto and gasoline station sales, suggesting underlying momentum in consumer spending remains tame.
  • FACTBOX - Cairn India - target of Vedanta Resources
    Fri, 13 Aug 2010 06:10:26 -0700
    REUTERS - India-focused Vedanta Resources is set to buy a 51 percent stake in Cairn Energy's Indian unit, Cairn India, for between $8 billion and $8.5 billion, a source familiar with the matter said on Friday.
  • US futures point to a flat open after CPI, retail sales data
    Fri, 13 Aug 2010 06:04:43 -0700
    Futures on major U.S. stock indices pared earlier losses and point to a flat opening on Friday after a report showed that Consumer Price Index (CPI) and retail sales rose in July.
  • AgBank greenshoe brings $22 bln IPO record - sources
    Fri, 13 Aug 2010 06:00:27 -0700
    SHANGHAI (Reuters) - Agricultural Bank of China's (AgBank) initial public offering hit a record $22.1 billion on Friday, after it exercised an over-allotment option in full, two banking sources said.
  • Settling Gender Discrimination Class Actions (Part II)
    Fri, 13 Aug 2010 06:00:00 -0700
    The way to tackle workplace discrimination is not to change people's unconscious thoughts, but to change corporate procedures and structures.

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