Monday, August 30, 2010

Business - 30 August 2010

  • Indian shares off highs: Tata Steel jumps
    Mon, 30 Aug 2010 09:50:03 -0700
    Indian shares were trading 0.3 percent higher on Monday, lifted by firm world equities, but were off early highs as traders cashed in gains at higher levels. Financials led the gains.
  • Bloomberg Commodities Data
    Mon, 30 Aug 2010 08:42:53 -0700
  • Company Profile:
    Mon, 30 Aug 2010 08:42:53 -0700
  • Chevron to explore for oil off Liberia
    Mon, 30 Aug 2010 08:39:46 -0700
    Chevron Corp has signed a deal with Liberia to explore for oil and gas in three deepwater blocks off the West African country's coast, an official in the president's office said.
  • Baseball's Blase Playoff Field
    Mon, 30 Aug 2010 08:35:51 -0700
    If the current standings hold, Boston Chicago and LA are out, while Tampa, San Diego and Cincinnati
  • Intel seeks to close mobile gap with Infineon unit
    Mon, 30 Aug 2010 08:33:26 -0700
    FRANKFURT (Reuters) - U.S. chipmaker Intel is to buy German chipmaker Infineon's wireless unit for $1.4 billion as it seeks to claw its way into the booming smartphone market, reducing its reliance on personal computers.

  • Happy Birthday, Warren Buffett!
    Mon, 30 Aug 2010 08:31:25 -0700
    Celebrating the Oracle of Omaha, who can junk-food us all under the table.
  • Tax Reform Report a Letdown for Actual Reform
    Mon, 30 Aug 2010 08:28:44 -0700
    The long-awaited report by the President's Economic Recovery Advisory Board on tax reform makes no r
  • Encouraging 'Crazy Ideas'
    Mon, 30 Aug 2010 08:20:00 -0700
    Today's college freshmen inherently understand entrepreneurship. Colleges need to help them on their way.
  • Stocks Fall on Income Data; Treasuries Gain, Yen Strengthens
    Mon, 30 Aug 2010 08:17:00 -0700
    U.S. stocks fell and Treasuries rallied as American personal incomes trailed estimates, fueling concern the economic rebound is slowing. The yen strengthened against all 16 major peers after policy makers stopped short of direct steps to halt the currency’s recent rally.
  • BlackBerry to offer India access: govt source
    Mon, 30 Aug 2010 08:16:33 -0700
    NEW DELHI (Reuters) - BlackBerry maker Research in Motion will give the Indian government access to encrypted data from September 1, while the Indian home ministry wants BlackBerry, Google and Skype to set up servers in India, a government source familiar with the matter said Monday.

  • Treasury yields tumble on global economic fears
    Mon, 30 Aug 2010 08:16:33 -0700
    After ending last week with a sell-off of Treasurys, investors swung back to U.S. government bonds Monday when a move by the Bank of Japan reignited jitters about the global economy.
  • Wall Street in wait-and-see mode
    Mon, 30 Aug 2010 08:12:26 -0700
    Stocks edged lower Monday as investors responded to a mixed report on American consumers, a pair of billion-dollar corporate deals and a move by the Bank of Japan to shore up its economy.
  • An $18.5 billion pharmaceutical deal heats up
    Mon, 30 Aug 2010 08:09:03 -0700
    French pharmaceutical firm Sanofi-Aventis is stepping up the pressure on U.S. biotech firm Genzyme, going public with an $18.5 billion cash offer and hinting it may consider a hostile takeover if Genzyme refuses to talk.
  • Credit Suisse cuts profit estimates of Microsoft
    Mon, 30 Aug 2010 08:08:56 -0700
    The brokerage maintained its ‘outperform’ rating on shares of Microsoft with a price target of $40.
  • Early Diagnosis Of The P/E Problem
    Mon, 30 Aug 2010 08:06:41 -0700
    Today the WSJ discovered a P/E Problem Forbes saw nearly a year ago.
  • Putin Bonds Trail Emerging Markets for 7th Month: Russia Credit
    Mon, 30 Aug 2010 08:04:00 -0700
    Russian bonds are trailing emerging- market debt for a seventh straight month, sending Prime Minister Vladimir Putin’s borrowing-cost advantage to near the lowest since October as falling oil prices curb economic growth.
  • Japan Voters Back Kan, Reject Prospect of Third Leader in a Year
    Mon, 30 Aug 2010 08:02:00 -0700
    Japanese voters want Prime Minister Naoto Kan to prevail in a leadership fight next month as he tackles a deflationary spiral that confounded seven predecessors. His ruling party may not oblige them.
  • Economists: I dunno, man. What do you think?
    Mon, 30 Aug 2010 08:01:36 -0700
    The air is quickly coming out of the recovery balloon, and economists have mixed views on how to pump it back up.
  • Week Ahead Market Report: 8/30/2010
    Mon, 30 Aug 2010 08:00:00 -0700
    US stock futures are flat on Monday. Second quarter earnings season is winding down.
  • U.S. Stocks Retreat After Personal-Income Data Trail Forecasts
    Mon, 30 Aug 2010 07:59:00 -0700
    U.S. stocks fell, extending declines from three weeks of losses for benchmark indexes, after slower- than-forecast growth in personal incomes added to concern the economic rebound is slowing.
  • US consumers spend more in July
    Mon, 30 Aug 2010 07:58:14 -0700
    US consumer spending rises a faster-than-expected 0.4% in July, as households save less of what they earn.
  • German banker causes race storm
    Mon, 30 Aug 2010 07:57:57 -0700
    The German government condemns a member of the country's central bank on the publication of his book on immigration issues.
  • Finally! A break from bank failures
    Mon, 30 Aug 2010 07:57:40 -0700
  • Fernandez Warrants Slide Signals Buy to RBS: Argentine Credit
    Mon, 30 Aug 2010 07:57:00 -0700
    The biggest tumble in three months for Argentine warrants linked to economic growth is a signal to Royal Bank of Scotland Group Plc to buy the securities as the central bank steps up efforts to fuel the expansion.
  • This Week in Credit Card News
    Mon, 30 Aug 2010 07:56:33 -0700
    Credit card debt falls and other industry news.
  • Consumers are spending more, saving less
    Mon, 30 Aug 2010 07:56:16 -0700
    Consumer spending rose in July, but Americans remain wary about the future of the economy. Personal spending rose by $44.1 billion last month, or 0.4%, after falling less than 0.1% in June. This came in above the 0.3% increase economists expected.
  • Birth rate in US declines to lowest level in 2009 amidst economic recession
    Mon, 30 Aug 2010 07:44:52 -0700
    The birth rate in US fell 2.6 percent in 2009 for the second year in a row to its lowest level in the country’s history, according to a study by the National Center for Health Statistics
  • World's Highest-Paid Tennis Players
    Mon, 30 Aug 2010 07:43:42 -0700
    Roger Federer leads a field split between men and women.
  • 3M to buy Cogent for more than $900 million
    Mon, 30 Aug 2010 07:35:14 -0700
    NEW YORK (Reuters) - Diversified U.S. manufacturer 3M Co on Monday said it agreed to buy Cogent Inc for more than $900 million, paying a nearly 18 percent premium for the biometric identification systems company.

  • Stocks Sag On Economic Anxiety
    Mon, 30 Aug 2010 07:35:00 -0700
    M&A continues to heat up with a spate of fresh takeovers, but worries over August payrolls tamp down enthusiasm.
  • September looks to be grim for market: S&P
    Mon, 30 Aug 2010 07:30:47 -0700
    After declining more than 3 percent in August, the stock market is likely to incur more losses in September, if history is any guide, according to S&P.
  • Suspicious Fire Ignites Houston Voting Fraud Scandal
    Mon, 30 Aug 2010 07:22:23 -0700
    Houston fire destroys voting machines after allegations of fraud over voter registrations. Election
  • Wall Street edges lower on investor wariness
    Mon, 30 Aug 2010 07:20:31 -0700
    NEW YORK (Reuters) - Stocks dipped on Monday as gains in consumer spending and income and a flurry of mergers-and-acquisition activity failed to prompt investor confidence in the flagging economic recovery.

  • HP to buyback $10 bln in stock
    Mon, 30 Aug 2010 07:06:50 -0700
    The computer-making giant expects to repurchase about $3 billion of shares in fiscal fourth quarter at current price levels.
  • US stocks fall in early trade
    Mon, 30 Aug 2010 07:06:13 -0700
    The S&P 500 Index has declined 1.85 points, or 0.17 percent, to trade at 1,062.74 at 9:50 am EDT. The Dow Jones Industrial Average has dropped 12.94 points,or 0.13 percent, to trade at 10,137.71. The Nasdaq Composite has dipped 2.78 points, or 0.13 percent.
  • A New Taiwan Investment Play In China: Healthcare
    Mon, 30 Aug 2010 07:03:24 -0700
    Taiwan's electronic industry titans like Hon Hai Precision, run by multi-billionaire Terry Gou, ?hav
  • Medicine's Suicide Problem, Part 1
    Mon, 30 Aug 2010 06:50:46 -0700
    The mental health industry ignores suicide. A few researchers are fighting to change that. Part I of
  • Consumer spending posts gain in July
    Mon, 30 Aug 2010 06:24:42 -0700
    WASHINGTON (Reuters) - Consumer spending rose at the strongest pace in four months in July, supported by a small gain in incomes that offered hope consumers will be able to keep contributing to a modest recovery.

  • BOJ eases policy to fight yen rise but impact seen slim
    Mon, 30 Aug 2010 06:16:11 -0700
    TOKYO (Reuters) - The Bank of Japan expanded its cheap loan scheme on Monday, heeding government calls for action to curb a rise in the yen that threatens a fragile economic recovery and leaving the door open to more policy easing.

  • Activist shareholders who have gone to war
    Mon, 30 Aug 2010 06:08:35 -0700
    As Nathan Kirsh takes on Minerva's management we look at previous clashes involving activist investors.
  • HP approves $10 billion stock buyback addition
    Mon, 30 Aug 2010 06:00:35 -0700
    NEW YORK (Reuters) - Hewlett-Packard Co's said on Monday its board approved to buy back an additional $10 billion in shares to manage dilution created by shares issued under other plans.

  • BHP could sell some Potash Corp assets
    Mon, 30 Aug 2010 05:53:20 -0700
    SYDNEY (Reuters) - Global miner BHP Billiton could look to divest the nitrogen and phosphates business of fertilizer maker Potash Corp if its $39 billion bid goes through, the company has told analysts.

  • Genzyme breaks silence to rebuff Sanofi
    Mon, 30 Aug 2010 05:52:55 -0700
    PARIS/BOSTON (Reuters) - U.S. biotech Genzyme broke its five-week silence to reject an $18.5 billion takeover proposal by French drugmaker Sanofi-Aventis on Monday, dismissing it as opportunistic and too low.

  • Questor share tip: Melrose is worth a place in your portfolio
    Mon, 30 Aug 2010 05:44:33 -0700
    Another engineering-related group that posted a good set of numbers last week was Melrose.

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