Saturday, August 28, 2010

Business - 28 August 2010

  • Ideas Wanted: Multinationals Open Doors to Entrepreneurs
    Sat, 28 Aug 2010 07:10:03 -0700
    Giants such as GE and PepsiCo are sponsoring competitions that let startups strut their stuff
  • Japan's Noda wants to see steady efforts on yuan reform
    Sat, 28 Aug 2010 06:56:11 -0700
    BEIJING (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday he told Chinese officials that Tokyo wants to see further efforts to make the yuan more flexible.


  • Investors embark on treacherous month
    Sat, 28 Aug 2010 06:22:53 -0700
    NEW YORK (Reuters) - Beaten-up investors go into September, historically a weak month for stocks, facing key reports on jobs, manufacturing and services. If those disappoint, the S&P 500 could breach technical support levels, pushing stocks yet lower.


  • K+S: no threat from Potash Corp bid battle: report
    Sat, 28 Aug 2010 06:20:20 -0700
    FRANKFURT (Reuters) - Potash miner K+S is specialized enough to weather any takeover of Canadian rival Potash Corp and survive as a standalone entity, the German firm's finance director told a newspaper.


  • Case for a touchscreen nano
    Sat, 28 Aug 2010 06:07:05 -0700
  • Intel warns on sales
    Sat, 28 Aug 2010 06:06:16 -0700
    Intel Corp. on Friday warned investors that its third-quarter revenue will fall below its forecasts.
  • Apple App Store: 250,000 and counting
    Sat, 28 Aug 2010 05:56:28 -0700
  • Inflationary pressures easing: RBI
    Sat, 28 Aug 2010 05:11:02 -0700
    Reserve Bank of India Governor D Subbarao said the country s economic growth is getting broad-based and inflationary pressures are easing. There is evidence that growth is getting more broad-based. Inflationary pressures too are easing because of improved supply position as also the impact of monetary tightening effected by the Reserve Bank, he said while delivering a lecture here. Going forward, the Reserve Bank will calibrate policy action to the evolving growth inflation dynamics, Subbarao said. Given the uncertainty in the world and the lags
  • Saudi Shares Gain Most in One Month on Oil, Bernanke Comments
    Sat, 28 Aug 2010 04:56:04 -0700
    Saudi Arabian shares rose the most in a month, after U.S. and European markets advanced and oil prices rallied on a pledge by Fed Chairman Ben S. Bernanke to maintain the U.S. economic recovery.
  • 'One in four lap-dancers has a degree'
    Sat, 28 Aug 2010 04:39:58 -0700
    Lap-dance club owner Peter Stringfellow and university researcher Dr Belinda Brooks-Gordon discuss the findings of university research which reveals that one in four lap-dancers has a degree.
  • Obama Says Iraq War Is ‘Ending,’ Promises Support for Veterans
    Sat, 28 Aug 2010 04:32:03 -0700
    President Barack Obama declared that the war in Iraq is “ending” and pledged to help veterans cope with their return to civilian life, as he prepared to mark the transition of the U.S. mission from combat to training.
  • Danielle Weakens to Minor Hurricane, to Pass East of Bermuda
    Sat, 28 Aug 2010 04:20:05 -0700
    Danielle, blowing northwest from southeast of Bermuda, weakened to a Category 2, or minor hurricane, the U.S. National Hurricane Center said.
  • Why New iPod Nano Could Rock Apple's Next Event
    Sat, 28 Aug 2010 04:18:53 -0700
    Will iPod Nano get touch screen, iOS?
  • Apple Has The Right Response To Paul Allen's Lawsuit: No Response
    Sat, 28 Aug 2010 03:32:28 -0700
    Paul Allen is suing Apple for ideas just about everyone has already had, he's never used, and Apple
  • Bernanke says Fed to act if needed
    Sat, 28 Aug 2010 03:11:32 -0700
    JACKSON HOLE, Wyoming (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth.


  • Electric cars 'may be costlier'
    Sat, 28 Aug 2010 02:01:25 -0700
    Motorists considering buying an electric car are being warned that they can be more expensive to run than conventional petrol vehicles.
  • Japan's Noda says ready to use all measures on yen
    Sat, 28 Aug 2010 01:50:26 -0700
    BEIJING (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday he was ready to employ "all possible measures" to tackle the rise of the yen, which was having a "big impact" on the country's economy.
  • Santander Acquires $4 Billion U.S. Car-Loan Portfolio
    Sat, 28 Aug 2010 01:29:00 -0700
    Banco Santander SA, Spain’s biggest lender, said it bought a portfolio of U.S. car loans from HSBC Holdings Plc for $4 billion.
  • Japan's Noda says ready to use all measures on yen
    Sat, 28 Aug 2010 01:24:36 -0700
    BEIJING (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday he was ready to employ "all possible measures" to tackle the rise of the yen, which was having a "big impact" on the country's economy.


  • Kim May Have Met With President Hu During China Visit
    Sat, 28 Aug 2010 01:18:00 -0700
    North Korean leader Kim Jong Il may have met China’s president, Hu Jintao, during a surprise visit to the country, South Korea’s Yonhap News reported.
  • Tinky Winky and Iggle Piggle lead the way for BBC in China
    Sat, 28 Aug 2010 01:06:54 -0700
    The loopy frolicking of Teletubbies and In the Night Garden top China's TV ratings as the parents of 300m children seek to avoid modern "vulgarities".
  • Wall St Week Ahead - Investors embark on treacherous month
    Sat, 28 Aug 2010 01:00:26 -0700
    NEW YORK (Reuters) - Beaten-up investors go into September, historically a weak month for stocks, facing key reports on jobs, manufacturing and services. If those disappoint, the S&P 500 could breach technical support levels, pushing stocks yet lower.
  • Lukoil seeks bids for Iraq's West Qurna seismic surveys
    Sat, 28 Aug 2010 00:40:26 -0700
    BAGHDAD (Reuters) - Russian energy company Lukoil and partners have issued a tender for seismic surveys at Iraq's West Qurna Phase Two oilfield, according to a statement published on Saturday.
  • U.K. Government Bonds Advance for Fifth Week on Recession Risk
    Sat, 28 Aug 2010 00:39:16 -0700
    U.K. 10-year government bonds rose for a fifth week as reports signaled the economic recovery may slow and a Bank of England policy maker said the country could slip back into a recession.
  • German Bunds Post Fifth Weekly Gains on Global Growth Concern
    Sat, 28 Aug 2010 00:32:04 -0700
    German 10-year bonds advanced for a fifth week as concern that the global economic recovery is faltering and a banking crisis in Ireland is deepening spurred demand for safest assets.
  • Microsoft co-founder Paul Allen sues Google, Apple, nine others...
    Sat, 28 Aug 2010 00:22:33 -0700
    London, Aug 28 (ANI): The co-founder of Microsoft, billionaire Paul Allen, has sued 11 major web-based companies, including Apple, Google, Facebook, Yahoo, YouTube and eBay, alleging that they infringed on internet patents he owns.
  • Selling the Great Outdoors--Online
    Sat, 28 Aug 2010 00:01:00 -0700
    John Laramie and his cohorts at ADstruc are taking the multibillion-dollar industry of outdoor advertising where, inexplicably, it's never gone before: to the Web.
  • Japan Noda says ready to use "all possible measures" on...
    Fri, 27 Aug 2010 23:50:26 -0700
    BEIJING (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday he was ready to employ "all possible measures" to address the rise of the yen, which was having a "big impact" on the country's economy.
  • Economists hastily cut expectations for U.S. Q3 growth
    Fri, 27 Aug 2010 22:10:26 -0700
    NEW YORK (Reuters) - A host of weak economic data has led economists to hastily scale back forecasts for U.S. growth and increase expectations the world's largest economy will fall back into recession, a Reuters poll found.
  • Endgames for RIM's BlackBerry-India standoff
    Fri, 27 Aug 2010 22:00:38 -0700
    MUMBAI (Reuters) - Research in Motion faces an Aug. 31 deadline to give India access to its secure email and instant messaging services or the Indian government has said it will ban those services, hurting much of corporate India.
  • Dubai World sale of crown jewels seen as last option
    Fri, 27 Aug 2010 22:00:26 -0700
    DUBAI (Reuters) - Dubai World's willingness to sell prized assets such as ports operator DP World to pay down its debt pile is considered such a drastic move that analysts see it more as a last-resort bargaining tactic.
  • An end-of-summer puzzle for investors
    Fri, 27 Aug 2010 20:50:27 -0700
    LONDON (Reuters) - Investors returning to the markets as the northern hemisphere's summer comes to a close in the coming week face an unusual, but not unique, situation.
  • Using Gmail For Voice Calls
    Fri, 27 Aug 2010 20:44:27 -0700
    Internet giant Google has integrated Gmail and Google voice allowing free phone calls and cheap international calls.
  • How Clearwire's Pay-As-You-Go Service Could Affect The Future Of Mobile Broadband
    Fri, 27 Aug 2010 20:08:08 -0700
    An analyst says Clearwire's new prepaid plans, expected to be announced Monday, could have far-reach
  • Elon Musk, Jeff Bezos licked by James Lick in space race
    Fri, 27 Aug 2010 17:53:12 -0700
    The rich have always been dominant players in space exploration.
  • Uninsured drivers 'cost £1.25bn'
    Fri, 27 Aug 2010 17:38:28 -0700
    Uninsured and fraudulent drivers cost other motorists £1.25bn every year in extra premiums, an insurer suggests.
  • Tribune files no new bankruptcy plan
    Fri, 27 Aug 2010 17:22:32 -0700
    NEW YORK (Reuters) - Tribune Co, struggling to win broad creditor support for its plan to emerge from bankruptcy, said on Friday it would not tweak the proposal any further at the moment.


  • BofA loses bid to end investor lawsuits on Merrill
    Fri, 27 Aug 2010 16:32:12 -0700
    NEW YORK (Reuters) - A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp and various executives and directors over the purchase of Merrill Lynch & Co during the 2008 financial crisis and disclosures about Merrill's losses and bonus payouts.


  • Paul Allen's firm sues Silicon Valley giants
    Fri, 27 Aug 2010 16:28:51 -0700
    SAN FRANCISCO (Reuters) - A company linked to Microsoft Corp co-founder Paul Allen is suing 11 major corporations, including Apple, Google and Facebook, accusing them of infringing on technology patents.


  • United and Continental deal cleared for take off
    Fri, 27 Aug 2010 16:28:45 -0700
    The U.S. Justice Department said Friday that it has closed an investigation into the proposed merger of United and Continental, paving the way for the airlines to unite later this year.
  • Intel warns of sales shortfall
    Fri, 27 Aug 2010 16:02:09 -0700
    SAN FRANCISCO/NEW YORK (Reuters) - Intel Corp warned that third-quarter revenue could fall short of its own estimates by more than $1 billion, reinforcing doubts about the strength of a technology sector recovery.


  • ECB chief Trichet warns failure to tackle high debts risks a 'lost decade'
    Fri, 27 Aug 2010 15:29:27 -0700
    Jean-Claude Trichet, the European Central Bank President, said governments risk causing a "lost decade" of weak economic growth if they delay reversing the surge in public debt triggered by the financial crisis.
  • Gucharam Das, Business Historian
    Fri, 27 Aug 2010 15:00:00 -0700
    Who was the most ethical businessman in India in the 17th century? Which was the Buddhist Monastery that had the most savvy business strategy? Such questions pertaining to Indian business and economic history will soon be explored in a series of books being brought out by Penguin. Gurcharan Das, author and former P&G India chairman, is the general editor for the project. Malini Goyal caught up with Das on a Saturday evening to understand the project.
  • Microsoft co-founder Paul Allen sues Google, Apple, Facebook, eight others over patents
    Fri, 27 Aug 2010 14:24:55 -0700
    Paul Allen, co-founder of Microsoft, sues 11 companies, including Facebook, Yahoo, YouTube and eBay, alleging they violated patents he owns.
  • Stocks surge on short-covering, but Dow and S&P 500 post third straight week of declines
    Fri, 27 Aug 2010 14:12:00 -0700
    Stocks climbed most likely on short-covering and technical buying, as traders apparently shrugged off a revenue warning from key tech giant Intel Corp. (NASDAQ: INTC) and some less-than-optimistic comments from Federal Reserve Chairman Ben Bernanke.

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