Wednesday, September 1, 2010

Business-01 September 2010

  • BSE Sensex seen higher at 0.8 pct
    Wed, 01 Sep 2010 09:21:36 -0700
    Indian share market rose 0.8 percent in early trade on Wednesday, with financials leading the gains.
  • Caris reiterates eBay at ‘buy’
    Wed, 01 Sep 2010 07:21:41 -0700
    Caris & Co. reiterated its ‘buy’ rating on shares of cyber shopping website eBay Inc. with a price target of $32.
  • Only The Macros Matter
    Wed, 01 Sep 2010 07:18:00 -0700
    Now is the time to be level-headed. Many stocks are trading at or near intrinsic value like MetLife, Peabody Energy and Goldman Sachs.
  • Wheat pushes world food prices up
    Wed, 01 Sep 2010 07:09:55 -0700
    UN says international food prices have risen to levels not seen since 2008, partly because of drought in Russia.
  • Morocco grain harvest is 7.46 mln T: government source
    Wed, 01 Sep 2010 07:08:57 -0700
    Morocco's cereals harvest this year came in at 7.46 million tonnes, a senior government official told Reuters on Wednesday, down on the agriculture ministry's forecast of around 8 million tonnes.
  • TechStars Announces Its Fourth (and Final) Boot Camp in NYC
    Wed, 01 Sep 2010 07:05:35 -0700
    New York will join Boston, Seattle and Boulder in TechStars incubator programs
  • Private sector unexpectedly cuts jobs in August
    Wed, 01 Sep 2010 07:04:31 -0700
    NEW YORK (Reuters) - U.S. private employers unexpectedly cut jobs in August, a report by a payrolls processor showed on Wednesday, delivering another blow to the already faltering economic recovery.

  • Insomnia Triggers Men’s Death, Kids’ Mental Decline
    Wed, 01 Sep 2010 07:04:01 -0700
    Sleep deprivation raises the risk of death in men and can trigger serious mental illnesses in children that persist into adulthood, two studies found.
  • Angola cuts fuel subsidies; eyes downstream revamp
    Wed, 01 Sep 2010 07:03:35 -0700
    Angolan authorities cut gasoline and diesel subsidies on Wednesday as a prelude to liberalising the country's downstream oil sector, triggering a steep rise in pump prices and the threat of protests from irate motorists.
  • Sweden Resumes Rape Probe Against WikiLeaks Founder
    Wed, 01 Sep 2010 07:03:00 -0700
    Swedish prosecutors will resume a preliminary investigation of a rape allegation against WikiLeaks founder Julian Assange, as well as widen the investigation in a second case that involves allegations of molestation.
  • Regulators say bank reforms help avoid crises
    Wed, 01 Sep 2010 07:02:41 -0700
    WASHINGTON (Reuters) - New powers from the financial reform law will help avoid a repeat of 2008's frenzied sale of Wachovia and the wreckage that followed the collapse of Lehman Brothers, U.S. regulators said on Wednesday.

  • Australia’s Economic Growth Broadens, Reigniting Rates Pressure
    Wed, 01 Sep 2010 07:02:01 -0700
    Signs Australia’s economic expansion is spreading from the mining industry to households boosted the case for the nation’s central bank to resume the Group of 20’s most aggressive round of interest-rate increases.
  • Equinox sees Zambia uranium exports in 2-3 years
    Wed, 01 Sep 2010 07:01:54 -0700
    Equinox Minerals Ltd. plans to start exporting stockpiled uranium from its Lumwana mine in Zambia in about two to three years, when prices rise, the head of the company said on Wednesday.
  • Allergan Will Pay Fine, Plead Guilty to Misdemeanor
    Wed, 01 Sep 2010 07:01:00 -0700
    Allergan Inc., maker of the wrinkle smoother Botox, agreed to pay $600 million and plead guilty to a single misdemeanor charge in settling a U.S. investigation of its marketing practices.
  • The World's Most Beautiful College Campuses
    Wed, 01 Sep 2010 07:00:00 -0700
    Higher learning is a lot more attractive at these schools.
  • Borders posts loss as sales continue to fall
    Wed, 01 Sep 2010 06:59:59 -0700
    NEW YORK (Reuters) - Borders Group Inc reported a quarterly loss as the second-largest U.S. book store chain cut prices and continued to grapple with lower sales amid a shift to electronic books.

  • Egypt's Suez Canal August revenue up 7.3 pct from July
    Wed, 01 Sep 2010 06:57:22 -0700
    Revenue from Egypt's Suez Canal rose 7.3 percent to $436 million in August, the chairman of the Suez Canal Authority said in a statement on Wednesday.
  • BBC Loses Ruling Over Identity of Top Gear’s ‘Stig’
    Wed, 01 Sep 2010 06:57:00 -0700
    British Broadcasting Corp. lost a ruling on its request to block News Corp.’s HarperCollins from disclosing the identity of the “Stig,” a race driver who appears on the television show “Top Gear.”
  • Genzyme’s Termeer, Biotechnology Pioneer, May Sell
    Wed, 01 Sep 2010 06:56:00 -0700
    Henri Termeer, a biotech industry pioneer and chief executive officer at Genzyme Corp., is on the verge of losing control of the company he transformed from a start-up in 1983 into a cutting-edge drugmaker with $4.5 billion in annual sales.
  • Oi Plans Sale as Pimco Sees $12 Billion of Deals: Brazil Credit
    Wed, 01 Sep 2010 06:55:00 -0700
    The biggest year for Brazilian corporate debt sales is about to get busier as record-low borrowing costs prompt Pacific Investment Management Co. to predict $12 billion in offerings by year-end.
  • Nigeria embarks on vast free trade zone with China
    Wed, 01 Sep 2010 06:53:23 -0700
    Nigeria is building a multi-billion dollar free trade zone with Chinese investors on the edge of its commercial capital Lagos to try to develop a local manufacturing base and help reduce its import dependence.
  • Number of Internet users in emerging markets to double by 2015: Boston Consulting
    Wed, 01 Sep 2010 06:47:01 -0700
    The number of people accessing Internet in emerging countries such as Brazil, Russia, China, India and Indonesia is set to double by 2015, said a report released on Wednesday by Boston Consulting Group (BCG).
  • Wall St jumps at open on energy, industrials
    Wed, 01 Sep 2010 06:45:54 -0700
    NEW YORK (Reuters) - Major U.S. stock indexes jumped more than 1 percent at the open on Wednesday as new signs of growth in China and Australia eased concerns about the global economy's health and investors shrugged off an unexpected cut in U.S. private sector payrolls.

  • Jobs: 'Stopped firing, not yet hiring'
    Wed, 01 Sep 2010 06:45:48 -0700
    The jobs picture still looks sour, but there could be light at the end of the tunnel.
  • Dan Akerson's first day at the top of GM
    Wed, 01 Sep 2010 06:43:29 -0700
    Once upon a time another Naval Academy graduate, Ross Perot, tried to right troubled General Motors Corp. as an activist director. Now it's the turn of Dan Akerson, class of 1970 and a telecoms executive-turned-private equity specialist.
  • Dow jumps 130 points at the open
    Wed, 01 Sep 2010 06:43:11 -0700
    Stocks jumped at Wednesday's open as investors welcomed encouraging overseas economic data and looked past mixed reports on the U.S. job market.
  • Higher student loan rates begin
    Wed, 01 Sep 2010 06:42:00 -0700
    Millions of graduates will now start paying interest on their student loans again as new interest rates come into effect.
  • U.S. Stocks Surge On Overseas Growth
    Wed, 01 Sep 2010 06:40:00 -0700
    Improved economic readings out of China and Australia lead strong September start.
  • Start-Up SecondMarket Follows In Footsteps Of Google And Twitter With Tech Award
    Wed, 01 Sep 2010 06:39:40 -0700
    The world's taking notice of toxic-asset trader SecondMarket
  • China manufacturing might help avoid crash
    Wed, 01 Sep 2010 06:38:18 -0700
    China's manufacturing sector rebounded in August, calming some fears about the pace of that country's growth.
  • Chinese manufacturing rebounds in August
    Wed, 01 Sep 2010 06:30:36 -0700
    Chinese manufacturing recovered in August, raising confidence that the world's second-largest economy may help Asia avoid a double-dip recession, despite sluggish growth in Western nations.
  • Denouncing A Digitized Dictionary
    Wed, 01 Sep 2010 06:15:36 -0700
    Oxford University Press rushed out a statement yesterday after getting a number of phone calls from
  • Burger King mulls sale: source
    Wed, 01 Sep 2010 06:14:39 -0700
    NEW YORK (Reuters) - Burger King Holdings Inc has been considering a possible sale and has held talks with potential buyers, a source familiar with the situation said on Wednesday, lifting its shares 18.5 percent.

  • India says will ask Google and Skype for data access
    Wed, 01 Sep 2010 06:12:16 -0700
    NEW DELHI (Reuters) - India on Wednesday launched a clampdown on major Internet communications firms, including Google and Skype, and began accessing some BlackBerry traffic in a campaign driven by security fears.

  • All eyes on Apple
    Wed, 01 Sep 2010 06:09:10 -0700
  • Tackling Science's Future Brain Drain, Scitable Brings Its Research Network To The Mobile Masses
    Wed, 01 Sep 2010 06:00:41 -0700
    A science research social network goes mobile, hoping to provide a boost to future scientists.
  • Romer: U.S. must find will for further stimulus
    Wed, 01 Sep 2010 05:56:38 -0700
    WASHINGTON (Reuters) - Departing White House economist Christina Romer called on Wednesday for further steps to stimulate the U.S. economy, saying high budget deficits should not be an excuse for allowing the unemployed to suffer.

  • NFL Gun Penalties Make No Sense
    Wed, 01 Sep 2010 05:50:43 -0700
    Gun rules are very different for the NFL and the justice system.
  • Kraft UK boss on Cadbury future
    Wed, 01 Sep 2010 05:49:59 -0700
    The boss of Kraft UK visits Fairtrade farmers in Ghana and talks about plans for Cadbury in the UK.
  • US futures point to higher opening after ADP report
    Wed, 01 Sep 2010 05:46:47 -0700
    Futures on major U.S. indices point to a higher opening on Wednesday, the first trading day of September, after ADP reported that private-sector employment fell in August.
  • Citi creates global family wealth unit: memo
    Wed, 01 Sep 2010 05:46:22 -0700
    LONDON (Reuters) - Citigroup's private banking arm has set up a global unit to target family offices, organizations that manage the financial affairs of rich dynasties, according to an internal memo seen by Reuters.

  • 10k jobs lost in private sector for August
    Wed, 01 Sep 2010 05:43:59 -0700
    ADP released their non-farm private payrolls, showing that the US private-sector employment fell 10,000 in August, compared with a revised gain of 37,000 in July
  • The Billionaire Pushing For Legalized Pot
    Wed, 01 Sep 2010 05:33:06 -0700
    Car insurance tycoon Peter Lewis is putting his money towards this fall's medical marijuana ballot i
  • Restructuring boosts Johnson Services
    Wed, 01 Sep 2010 05:24:21 -0700
    Johnson Services shares jumped as investors took heart at a restructuring that pushed Britain's leading drycleaning business to a first-half pre-tax loss.
  • Fuld says government denied Lehman while helping Wall St
    Wed, 01 Sep 2010 05:12:21 -0700
    WASHINGTON (Reuters) - U.S. regulators did not grant Lehman Brothers the same assistance as its competitors, knocking out the possibility of an orderly unwind of the firm and aggravating the global crisis, former Lehman Chief Executive Dick Fuld said on Wednesday.

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