Friday, August 27, 2010

Business - 27 August 2010

  • BSE Sensex flat: software cos decline, ONGC up
    Fri, 27 Aug 2010 09:50:58 -0700
    Indian shares were lower on Friday, as investors weighed on with the direct tax code implications and with techs leading the decline.
  • Intel cuts Q3 outlook on weak PC demand
    Fri, 27 Aug 2010 07:41:15 -0700
    Intel Corp slashed its third-quarter forecast, hurt by weak PC demand in mature markets.
  • Remodeling your home? Get online
    Fri, 27 Aug 2010 07:30:54 -0700
    Home improvement is one of the fastest-growing segments of e-commerce. But the consequences of a bad decision when it comes to finding a contractor or remodeling products online are far worse than buying the wrong paperback.
  • Pimp My Cubicle
    Fri, 27 Aug 2010 07:25:46 -0700
    How to decorate your partitioned workspace without damaging your career.
  • Novartis gets regulatory approval for blood pressure, leukemia drugs
    Fri, 27 Aug 2010 07:24:57 -0700
    Swiss drugmaker Novartis AG said Friday it received approvals for its high blood pressure drug from the U.S. Food and Drug Administration (FDA) and for a leukemia medicine in Switzerland
  • BP Engineer May Shed Light on Gulf Spill as Decision Is Probed
    Fri, 27 Aug 2010 07:24:54 -0700
    Deep-water drilling engineer John Guide helped orchestrate BP Plc’s climb during the past decade to largest producer of Gulf of Mexico crude.
  • Bernanke says recovery softer, Fed prepared to buy more
    Fri, 27 Aug 2010 07:24:09 -0700
    JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has softened more than expected and the Fed is ready to take further steps if needed to spur the stumbling economy.

  • Tiffany Drops as Second-Quarter Sales Fall Short of Estimates
    Fri, 27 Aug 2010 07:24:00 -0700
    Tiffany & Co., the world’s second- largest luxury jewelry retailer, dropped the most in two months in New York trading after second-quarter sales trailed analysts’ projections.
  • India may extend deadline on BlackBerry security row
    Fri, 27 Aug 2010 07:23:40 -0700
    NEW DELHI (Reuters) - India may extend an August 31 deadline in its standoff with Research In Motion over access to Blackberry data, if the Canadian firm says it has a solution and asks for time, a government source said on Friday.

  • U.S. Stocks Fall Following Bernanke Remarks, Intel Forecast Cut
    Fri, 27 Aug 2010 07:22:47 -0700
    U.S. stocks retreated as Federal Reserve Chairman Ben S. Bernanke’s pledge to safeguard the economic recovery failed to ease concern that growth will continue to slow and Intel Corp. cut its revenue forecast.
  • Facebook is trying to trademark 'Face'
    Fri, 27 Aug 2010 07:22:25 -0700
    Facebook, which has gone after sites with the word "book" in their names, is also trying to trademark the word "face," according to court documents.
  • Bernanke: Fed Will Do ‘All It Can’
    Fri, 27 Aug 2010 07:22:12 -0700
    Ben Bernanke, speaking in Jackson Hole, outlined steps that the Federal Reserve might take if U.S. economic growth slows
  • Boeing delays 787 delivery on Rolls engine setback
    Fri, 27 Aug 2010 07:22:09 -0700
    LONDON/TOKYO/CHICAGO (Reuters) - Boeing Co has pushed back delivery of its first 787 Dreamliner by several weeks, a widely expected decision but also the latest in a series of embarrassing glitches that have disrupted production of the hotly anticipated aircraft.

  • Climate Failures May Stoke Record Coal Trading: Energy Markets
    Fri, 27 Aug 2010 07:20:00 -0700
    Coal trading is poised to rise to an all-time high this year as prices at less than half their 2008 peak stoke demand, defying government efforts to phase out the most-polluting fossil fuel.
  • Activist investor Icahn raises Motorola stake to above 10%
    Fri, 27 Aug 2010 07:18:15 -0700
    Billionaire investor Carl Icahn has increased his holding in Motorola Inc. (MOT.N) to more than 10 percent, documents filed by the company at the U.S. Securities and Exchange Commission showed on Friday.
  • Jefferies Said to Hire UBS’s Newby as Global Head of Gaming
    Fri, 27 Aug 2010 07:18:05 -0700
    Jefferies Group Inc., the New York- based securities firm that specializes in mid-size companies, hired Bill Newby, UBS AG’s head of gaming and leisure investment banking, as global head of gaming, according to a person with direct knowledge of the decision.
  • GDP report: Sharp slowdown in economic growth
    Fri, 27 Aug 2010 07:17:53 -0700
    The U.S. economy sputtered to a near stop in the second quarter, according to new estimates from the government released Friday, although the slowdown wasn't as bad as many had feared.
  • Consumer Sentiment Rose Less Than Forecast in August
    Fri, 27 Aug 2010 07:17:00 -0700
    Confidence among U.S. consumers rose less than forecast in August from an eight-month low, a sign that the biggest part of the economy will be slow to recover.
  • HP-Dell bidding war over 3PAR heats up
    Fri, 27 Aug 2010 07:16:22 -0700
    The bidding war over 3PAR reached a fever pitch on Friday, as Hewlett-Packard raised its offer to $2 billion just hours after Dell matched its earlier bid.
  • Wall St falls on Bernanke, Intel forecast
    Fri, 27 Aug 2010 07:15:41 -0700
    NEW YORK (Reuters) - Stocks turned negative on Friday after Intel Corp cut its third-quarter revenue outlook and Federal Reserve Chairman Ben Bernanke said the recovery has softened more than expected.

  • Key China Electronics Outsourcing Hub Faces Rising Costs, Assertive Labor
    Fri, 27 Aug 2010 07:11:55 -0700
    China this week is marking a milestone along the road to its remarkable economic rise: the creation
  • DRM: Not All It's Cracked Up To Be
    Fri, 27 Aug 2010 07:09:16 -0700
    DRM does not stop e-book piracy--and that piracy may be overstated in the first place.
  • Dell and HP escalate bidding war
    Fri, 27 Aug 2010 07:07:54 -0700
    Computer giants Dell and HewlettPackard up their offers again in a bidding war over data storage company 3Par.
  • Carter Leaving North Korea With Freed American Prisoner
    Fri, 27 Aug 2010 07:07:11 -0700
    Former President Jimmy Carter said he is leaving North Korea today with a freed American prisoner who was granted amnesty for the crime of illegal entry into the communist state.
  • HP Tops Dell in 3Par Bidding
    Fri, 27 Aug 2010 07:07:00 -0700
    Hewlett-Packard agreed to pay $2 billion for 3Par in the third round of the bidding war over the data-storage provider
  • Jessica finds lost £5,000 sent to wrong building society
    Fri, 27 Aug 2010 07:04:30 -0700
    Many readers complain that the financial institutions that are keen to take their money are less willing to answer legitimate questions. Sometimes the power of the press, in the shape of Jessica Gorst-Williams, can help
  • Boeing delays delivery of Dreamliner
    Fri, 27 Aug 2010 07:02:08 -0700
    Boeing is delaying delivery of its first new-generation 787 Dreamliner aircraft until early 2011.
  • Making Money In The Reputation Economy
    Fri, 27 Aug 2010 07:00:00 -0700
    Balancing capitalism, humanism.
  • Consumer sentiment dips in late August: survey
    Fri, 27 Aug 2010 06:58:38 -0700
    NEW YORK (Reuters) - U.S. consumer sentiment pulled back in late August from earlier in the month but still improved from late July in the face of dismal labor and housing conditions, a private survey released on Friday showed.

  • HP raises 3PAR offer to $2 billion, trumps Dell bid
    Fri, 27 Aug 2010 06:57:18 -0700
    NEW YORK (Reuters) - Hewlett-Packard Co raised its offer for 3PAR Inc to $2.0 billion, once again topping Dell Inc's bid and showing it had plenty of ammunition in the bidding war for the data storage company.

  • UK economy set for 'bumpy ride', says Nick Clegg
    Fri, 27 Aug 2010 06:52:42 -0700
    Deputy Prime Minister acknowledges the pace of recovery looks unsustainable as growth reaching a nine-year high.
  • Google to get $2 bln revenue in 2010 from non-core search biz: analyst
    Fri, 27 Aug 2010 06:49:26 -0700
    Google's non-search business will generate over $2 billion in revenue for the internet giant in 2010, an analyst at Caris and Co said.
  • Fed's Bullard says economy slow, to recover in 2011
    Fri, 27 Aug 2010 06:49:09 -0700
    NEW YORK (Reuters) - The U.S. economy hit a soft patch in the second quarter but is not likely to fall back into recession and will pick up speed in the first half of 2011, St. Louis Federal Reserve President James Bullard said on Friday.

  • Imports drag second-quarter growth lower
    Fri, 27 Aug 2010 06:48:06 -0700
    WASHINGTON (Reuters) - Economic growth was revised down to a sluggish 1.6 percent annual rate in the second quarter, dampened by the largest increase in imports in 26 years, the government said on Friday.

  • US economic growth revised down to sluggish 1.6pc
    Fri, 27 Aug 2010 06:32:17 -0700
    The US economy grew at a slower annual rate in the second quarter than previously estimated, the Commerce Department said on Friday.
  • Luckless Dell Holds Onto 3PAR With $1.8 Billion Bid
    Fri, 27 Aug 2010 06:30:12 -0700
    Dell rejoins 3PAR bidding war with a $1.8 billion bid.
  • Haute Heads
    Fri, 27 Aug 2010 06:25:07 -0700
    The business of bespoke millinery is flourishing.
  • U.K. Recovery Expected To Slow
    Fri, 27 Aug 2010 06:15:00 -0700
    Despite an upwards revision to Q2 growth, the headline numbers mask a fragile economic recovery.
  • Japan's Economic Woes Pile Up
    Fri, 27 Aug 2010 06:10:08 -0700
    Efforts to revive the country's export-led economy are hampered by a surging yen, continuing deflati
  • Dell boosts 3Par bid again to match HP
    Fri, 27 Aug 2010 05:58:14 -0700
    Dell raised its offer again for 3Par to $27 a share to match HP's revised offer, marking the fifth offer for the storage firm in an escalating bidding battle.
  • US futures rise after better than expected Q2 GDP data
    Fri, 27 Aug 2010 05:52:50 -0700
    U.S. stocks are set to open higher after real gross domestic product rose at an annual rate of 1.6 percent in the second quarter, revised from 2.4 percent but above expectations
  • Tiffany profit up on overseas sales
    Fri, 27 Aug 2010 05:47:33 -0700
    NEW YORK (Reuters) - Tiffany & Co reported a higher profit as sales in Asia and Europe soared and diamond costs fell, and the upscale jeweler raised its full-year profit forecast.

  • Thailand's SSI to buy mothballed Teesside steel plant
    Fri, 27 Aug 2010 05:34:21 -0700
    The Corus steel plant on Teesside mothballed earlier this year with the loss of more than 1,000 jobs is set to be sold to a Thai company.
  • Fame & Fortune: Tony Christie
    Fri, 27 Aug 2010 05:27:03 -0700
    Tony Christie, 67, shot back to fame in 2002 following Peter Kay's version of his hit Is this the Way to Amarillo. He lives in Litchfield with his wife, Sue.
  • Investors Profit On Chinese Answers To Nike, Adidas
    Fri, 27 Aug 2010 05:25:10 -0700
    Chinese sportswear companies are playing to their strength, the domestic market.

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