Tuesday, September 7, 2010

Business - 07 September 2010

  • Indian shares hit 31-month high: Reliance gains
    Tue, 07 Sep 2010 09:51:52 -0700
    Indian shares climbed to 31-month highs for the second consecutive day on Tuesday, but traders said the market was vulnerable to a correction amid muted world markets.
  • Donald Trump to launch own blend of whisky - Evening Express
    Tue, 07 Sep 2010 04:30:34 -0700
    Donald Trump to launch own blend of whisky ? Evening Express.
  • All change at UK banks, Diamond gets top Barclays job
    Tue, 07 Sep 2010 04:29:36 -0700
    LONDON (Reuters) - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC was expected to say its chairman is going into government.

  • Distilleries vie to land deal to produce Trump's first whisky - Press & Journal
    Tue, 07 Sep 2010 04:27:01 -0700
    Distilleries vie to land deal to produce Trump's first whisky ? Press & Journal.
  • Basel bank talks refocus investors on capital
    Tue, 07 Sep 2010 04:23:54 -0700
    LONDON (Reuters) - Global regulators meeting on Tuesday look set to finalize tougher bank capital rules roughly in line with expectations but the package may take effect sooner than anticipated, raising investor concerns over dividends.

  • Startups flock to Twitter headquarters
    Tue, 07 Sep 2010 04:23:07 -0700
    Sharing ideas and office space in the tech field are as common as sharing programming codes, but the collaborative spirit runs especially deep at San Francisco's 795 Folsom Road.
  • Euro Falls on Bank Concern, German Factory Orders; Aussie Drops
    Tue, 07 Sep 2010 04:23:00 -0700
    The euro slid the most in more than two weeks against the dollar as weaker German factory orders and concern that government-bond assets will hinder European banks’ fiscal health undermined the outlook for economic growth.
  • Transneft Risks Downgrade on Sale, Bonds Sink: Russia Credit
    Tue, 07 Sep 2010 04:19:01 -0700
    OAO Transneft bonds are sliding as the Russian government’s plan to sell a stake in the oil pipeline operator threatens to trigger credit rating downgrades.
  • GOP tops Democrats on economy in CNN poll
    Tue, 07 Sep 2010 04:16:51 -0700
  • Nawras Seeks to Raise Up to $608 Million in Oman IPO
    Tue, 07 Sep 2010 04:12:00 -0700
    Nawras, the phone company controlled by Qatar Telecom QSC, is seeking to raise as much as $608 million in Oman’s first initial public offering in two years.
  • Stocks, U.S. Futures Fall, Bonds Rally on Europe Debt Concern
    Tue, 07 Sep 2010 04:11:00 -0700
    Stocks and U.S. index futures fell, the euro weakened while Treasuries and bunds rallied on concern Europe’s debt crisis may worsen. Oil and copper retreated.
  • Palm Beach non-profit loses not just one, but two billionaires
    Tue, 07 Sep 2010 04:10:51 -0700
    In the non-profit world, you know you?ve had a bad day when the two billionaires on your 14-me
  • German Factory Orders Unexpectedly Declined in July
    Tue, 07 Sep 2010 04:08:00 -0700
    German factory orders unexpectedly fell in July as demand in the euro region weakened, indicating the recovery in Europe’s largest economy is losing momentum.
  • Israeli Corporate Debt Sales Set for Three-Year High
    Tue, 07 Sep 2010 04:08:00 -0700
    Israeli companies from Gazit Globe Ltd. to Israel Corp. are on pace to raise the most financing through local debt sales in three years after borrowing costs sank and the government scaled back offerings.
  • Buffett-Backed BYD Falls After August Vehicle Sales Decline
    Tue, 07 Sep 2010 04:07:24 -0700
    BYD Co., the Chinese automaker backed by Warren Buffett, fell the most in a week after saying its sales in August declined.
  • Stocks poised to slip
    Tue, 07 Sep 2010 04:07:05 -0700
    U.S. stocks were poised to slip Tuesday, following global markets lower, as optimism from the previous week faded and renewed worries about the economy weighed on investors.
  • Barclays appoints Diamond as next CEO
    Tue, 07 Sep 2010 04:06:06 -0700
    Barclays PLC announced on Tuesday that executive Robert E. Diamond Jr. will replace John Varley as chief executive officer next year. The shake-up will take place on March 31, 2011.
  • Check Point could get $100 mln revenue boost over next 12 months: analyst
    Tue, 07 Sep 2010 04:02:54 -0700
    The brokerage also maintained its ‘buy’ rating on the internet and network security provider with a price target of $43.
  • iPad chic: Seven couture cases
    Tue, 07 Sep 2010 04:02:11 -0700
  • Samsung warns DRAM oversupply on weak PC sales
    Tue, 07 Sep 2010 04:00:53 -0700
    TAIPEI/SEOUL (Reuters) - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.

  • Business Bullet: Australia, Barclays,Ocado, FSA
    Tue, 07 Sep 2010 03:50:36 -0700
    The latest news on: Australia, Barclays,Ocado, FSA
  • AIG seeks Sept 21 approval for AIA IPO: sources
    Tue, 07 Sep 2010 03:32:36 -0700
    HONG KONG (Reuters) - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.

  • Obama's $200 billion tax cut for businesses - CNN
    Tue, 07 Sep 2010 03:17:35 -0700
    In another move aimed at stabilizing the still-shaky economy, President Barack Obama on Wednesday will introduce a new $200 billion tax cut giving businesses across the country an incentive to buy new equipment in the short term, according to a senior administration official.
  • Four unexpected economic bright spots
    Tue, 07 Sep 2010 03:16:40 -0700
    Good economic news has been hard to come by lately, but not all is doom and gloom in America these days. The end of summer ushered in a few signs of progress in some of the unlikeliest corners of the economy. They are no guarantee that the good times are around the corner, but they do provide a helpful reminder that this slow recovery is exactly that: a recovery.
  • US futures point to lower opening
    Tue, 07 Sep 2010 03:15:11 -0700
    Futures on major U.S. stock indices point to a lower opening on Tuesday after surging last week on better than expected economic data.
  • Lloyds Banking Group, RBS, Barclays and HSBC share price down on FTSE 100 as WSJ casts doubt on stress tests
    Tue, 07 Sep 2010 03:11:01 -0700
    Shares in British banks were down on the FTSE 100 in morning trading following a report in the Wall Street Journal, which suggested that recent "stress tests" of European banks were not vigorous enough.
  • GM's long overconfidence game
    Tue, 07 Sep 2010 03:10:46 -0700
    In 1982, General Motors closed its manufacturing plant in Fremont, Calif. The location, far from Detroit auto suppliers, was considered among the worst-performing assembly lines in the company's system. Roger Smith had become GM's chairman the year before Fremont was closed, and he had begun to think of ways to reorganize the car company. He knew there was a problem; he just wasn't sure what it was, exactly, or how to fix it.
  • Green Jobs For Ex-Cons
    Tue, 07 Sep 2010 03:00:00 -0700
    Prisoners are being trained for green jobs when they re-enter society.
  • The Real Value Of 3Par
    Tue, 07 Sep 2010 03:00:00 -0700
    The costly bidding war between HP and Dell was just a precursor of things to come.
  • Your Employees And Web Security
    Tue, 07 Sep 2010 03:00:00 -0700
    Plugging holes with technology is only part of the problem.
  • Etisalat doesn't see a deal with Reliance Comm this year
    Tue, 07 Sep 2010 02:50:26 -0700
    DUBAI (Reuters) - Emirates Telecommunication Corp, the Arab world's second-largest telecom operator by market value, does not expect a deal with India's Reliance Communications in 2010, its international chief said on Tuesday.
  • EU ministers bid to end row over banking taxes
    Tue, 07 Sep 2010 02:40:05 -0700
    BRUSSELS (Reuters) - European Union finance ministers made a fresh attempt on Tuesday to settle their differences over taxation of banks and trading as they prepared to approve the creation of new financial watchdogs.

  • SEC sees surge in fraud tip-offs: report
    Tue, 07 Sep 2010 02:31:49 -0700
    (Reuters) - The U.S. Securities and Exchange Commission (SEC) has seen a surge in tip-offs concerning alleged corporate fraud as the Financial Reforms Act offers millions of dollars in bounty payments to whistleblowers, the Wall Street Journal said.

  • China responds to growing 'protectionism' complaints
    Tue, 07 Sep 2010 02:18:35 -0700
    China has promised to treat foreign firms hoping to win government contracts equally with domestic competitors, following months of complaints from multinationals that China isn't offering them a level-playing field.
  • Market Bids Farewell To Barclays, HSBC Bosses
    Tue, 07 Sep 2010 02:15:00 -0700
    Shares slide as leaders who piloted their banks through the financial crisis appear to be on their way out.
  • Connaught suspends shares, warns rescue funding unlikely
    Tue, 07 Sep 2010 01:57:58 -0700
    Connaught, the troubled social housing maintenance company, has suspended trading in its shares on Tuesday and warned it was unlikely to be able get the funding its needs.
  • Wall St futures signal weaker start for stocks
    Tue, 07 Sep 2010 01:57:22 -0700
    LONDON (Reuters) Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.2 to 0.7 percent, pointing to a weaker start on Wall Street on Tuesday.

  • Justice department probes Google's ITA Software deal: report
    Tue, 07 Sep 2010 01:50:01 -0700
    BANGALORE (Reuters) - The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry, the Wall Street Journal said.

  • Asian stocks mixed, Nikkei declines on stronger yen
    Tue, 07 Sep 2010 01:47:23 -0700
    Asian stocks ended mixed on Tuesday as investors exhibited cautious mood due to lack of cues.
  • Barclays share price down on FTSE 100 as challenges loom for new CEO Bob Diamond
    Tue, 07 Sep 2010 01:42:39 -0700
    Shares in Barclays were down on the FTSE 100 in morning trading after the bank said that its investment banking president, Bob Diamond, will be replacing John Varley as CEO at the end of March next year.
  • Journalism's New Frontier
    Tue, 07 Sep 2010 01:26:48 -0700
    Chinese e-commerce giant Alibaba has hired an in-house reporter.
  • Indian rupee drops on weak Asian peers; shares eyed
    Tue, 07 Sep 2010 01:22:43 -0700
    The Indian rupee erased an early rise to four-week highs and fell on Tuesday, tracking weak Asian currencies and a broadly strong dollar overseas.
  • Mining stocks down as Labor wins
    Tue, 07 Sep 2010 01:17:13 -0700
    The Australian bourse finished flat on Tuesday, with gains in financials opposed by falls in the big miners.
  • BOJ Shirakawa: always mull options, to act as need
    Tue, 07 Sep 2010 01:00:48 -0700
    TOKYO (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Tuesday the central bank is always considering various policy options and will act in a timely and appropriate way when necessary.
  • KEC Intl to fund SAE buy via internal accruals, debt
    Tue, 07 Sep 2010 01:00:38 -0700
    MUMBAI (Reuters) - Power transmission contractor KEC International Ltd plans to fund the SAE Tower Holdings acquisition via internal accruals and debt, Harsh Goenka, chairman, RPG Enterprises, said on Tuesday.

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