Thursday, September 9, 2010

Business - 09 Septmember 2010

  • Wall Street's Speed War
    Thu, 09 Sep 2010 07:00:00 -0700
    Southerners backed by Netscape's Jim Barksdale have pulled New York and Chicago closer by building the ultimate trading weapon.
  • Chinese auto sales rebound in August
    Thu, 09 Sep 2010 06:54:56 -0700
    After witnessing a monthly decline in July, Chinese auto sales reached 1.322 million in August, up 6.29 percent month-on-month, according to a report released on Thursday.
  • Somalia’s Main Airport Attacked by Suicide Bomber
    Thu, 09 Sep 2010 06:54:00 -0700
    At least seven people, including two African Union peacekeepers, died in a suicide-bomb attack on the main airport in Somalia’s capital, Mogadishu, a government official said.
  • Stocks Advance on Jobless Claims Data; Bonds Fall, Oil Rallies
    Thu, 09 Sep 2010 06:49:00 -0700
    Stocks climbed, sending the Standard & Poor’s 500 Index to a one-month high, after American jobless claims fell more than forecast, tempering concern that the economic recovery is slowing. Treasuries declined, Australia’s dollar strengthened and oil rallied.
  • Foster’s May Attract Bids After Rejecting Wine Offer
    Thu, 09 Sep 2010 06:48:00 -0700
    Foster’s Group Ltd. may attract buyout offers from rival brewers including SABMiller Plc after a bid for its winemaking unit sparked interest from suitors who might want to break up the company.
  • Close tax loopholes to juice economy
    Thu, 09 Sep 2010 06:45:58 -0700
    As President Obama pushes a new campaign to juice up the economy, he's starting to fill in the details of how he would pay the estimated $180 billion tab. His plan: Eliminate some corporate tax breaks and subsidies, and close loopholes.
  • Peltz’s Wendy’s-Arby’s Combo Unpalatable to Investors
    Thu, 09 Sep 2010 06:44:00 -0700
    Two years ago billionaire investor Nelson Peltz wagered that burgers and roast beef sandwiches would go together. The Wendy’s-Arby’s combo engineered by Peltz’s fund hasn’t gone down well with some investors.
  • McDonald’s August Sales Rise 4.9%, Missing Estimates
    Thu, 09 Sep 2010 06:43:00 -0700
    McDonald’s Corp., the world’s largest restaurant chain, said comparable-store sales climbed 4.9 percent last month from a year earlier, missing analyst estimates, as growth in demand came up short in Europe.
  • Lukoil Leads Tripling in Loans as Rates Tumble: Russia Credit
    Thu, 09 Sep 2010 06:43:00 -0700
    Russian companies from OAO Lukoil to the oil unit of OAO Gazprom are taking advantage of a plunge in interest rates to triple borrowing in the market for syndicated loans.
  • Wall Street boosted by jobs and trade data
    Thu, 09 Sep 2010 06:42:21 -0700
    NEW YORK (Reuters) - Stocks rose at the open on Thursday after better-than-expected jobless benefits figures and data that showed the trade deficit narrowed more than forecast painted a rosier picture for economic growth.

  • Jobless Claims in U.S. Decreased to 451,000 Last Week
    Thu, 09 Sep 2010 06:42:00 -0700
    Applications for U.S. unemployment benefits declined more than forecast last week, easing concern that employers will accelerate firings as the world’s largest economy cools.
  • Stocks rally on improved jobs and trade data
    Thu, 09 Sep 2010 06:39:59 -0700
    U.S. stocks rose sharply at the market's open Thursday, as investors welcomed better-than-expected reports on the U.S. trade deficit and weekly jobless claims.
  • Sanofi sticks to $69 per share Genzyme offer
    Thu, 09 Sep 2010 06:35:44 -0700
    PARIS (Reuters) - French drugmaker Sanofi-Aventis poured cold water on reports it had raised its offer for Genzyme , saying it was sticking to its bid of $18.5 billion, or $69 per share.

  • Trade deficit falls sharply
    Thu, 09 Sep 2010 06:32:50 -0700
    The nation's trade gap fell sharply in July, as exports soared to record levels while imports tumbled.
  • Jobless claims slide to a nearly 2-month low
    Thu, 09 Sep 2010 06:32:39 -0700
    The number of jobless Americans filing for unemployment insurance fell last week to the lowest level in nearly two months, a government report released Thursday showed.
  • Defence firm BAE cuts 1,000 jobs
    Thu, 09 Sep 2010 06:29:50 -0700
    BAE Systems announces it is to axe almost 1,000 jobs across the UK, with 740 to go from five sites in England.
  • McDonald's August sales beat year-ago
    Thu, 09 Sep 2010 06:29:42 -0700
    CHICAGO (Reuters) - McDonald's Corp reported higher global sales at restaurants open at least 13 months in August, helped by sales of smoothies, frappes and other cold drinks in the United States.

  • Economists cut U.S. growth forecast again
    Thu, 09 Sep 2010 06:25:41 -0700
    WASHINGTON (Reuters) - Projected U.S. economic growth for the rest of this year and next was revised down for a third month in a row by a panel of about 50 economists.

  • U.K. Regulators Ding Goldman With $27 Million Fine
    Thu, 09 Sep 2010 06:25:00 -0700
    Goldman says it's happy to have the matter behind it.
  • Jobless claims add hope to labor outlook
    Thu, 09 Sep 2010 06:20:20 -0700
    WASHINGTON (Reuters) - New claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.

  • Meaty With a Chance of Cloud Calls
    Thu, 09 Sep 2010 06:16:43 -0700
    And the winner is...Cloud! The tech industry sub-sector with perhaps this year's meatiest move is u
  • EIA Report
    Thu, 09 Sep 2010 06:15:00 -0700
    U.S. commercial crude oil inventories increased by 3.4 million barrels from the previous week. At 361.7 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 0.2 million barrels last week, and a.
  • Men's Wearhouse Dresses To Kill Profit, Sales Expectations
    Thu, 09 Sep 2010 06:14:05 -0700
    Chain surpasses profit views. If you own the stock, you're gonna like the way this looks.
  • Entrepreneurs - are we failing them?
    Thu, 09 Sep 2010 06:10:55 -0700
    Often ignored or sidelined, small and medium sized businesses and entrepreneurs will be the rock upon which any future growth is built. George Osborne's reputation depends on it.
  • Spending cuts 'to hit north harder'
    Thu, 09 Sep 2010 06:10:21 -0700
    Industrial areas in the North East and Midlands are least resilient to economic shocks, BBC-commissioned research suggests.
  • Making the Rich Pay
    Thu, 09 Sep 2010 06:06:15 -0700
    President Obama has more bills for the rich people of America to pay.? Two months before the mid-ter
  • US trade deficit narrows in July, helped by lesser imports
    Thu, 09 Sep 2010 06:01:42 -0700
    The U.S. trade deficit narrowed much more than economists expected in July, after it hit the highest level in nearly two years in June. Goods and services deficit in July fell to $42.8 billion, from $49.8 billion in June. July exports were up $2.8 billion at $153.3 billion and imports were $4.2 billion less at $196.1 billion.
  • IFS director Robert Chote to succeed Sir Alan Budd as OBR chairman
    Thu, 09 Sep 2010 06:01:34 -0700
    The UK's goods trade deficit widened to a record in July after purchases of oil and chemicals drove imports to a two year high, ONS said.
  • Oracle could buy Brocade Communications: analyst
    Thu, 09 Sep 2010 06:01:17 -0700
    Oracle could consider buying networking company Brocade Communications to augment its Cloud-related infrastructure portfolio, an analyst at ThinkEquity said.
  • New iPod touch reviews
    Thu, 09 Sep 2010 05:55:52 -0700
  • 25 Best Places to Retire
    Thu, 09 Sep 2010 05:54:51 -0700
    In these great college towns, you can expand your intellectual horizons, take in the sites and perfect the art of relaxation.
  • US futures rise after jobless claims, trade data
    Thu, 09 Sep 2010 05:53:25 -0700
    Futures on major U.S. stock indices extended their gains on Thursday after the Department of Labor reported that weekly jobless claims fell sharply last week.
  • Judge To "Crude" Filmmaker: You're Part Of The Story
    Thu, 09 Sep 2010 05:36:50 -0700
    Judge Lewis Kaplan?s Sept. 7 order requiring filmmaker Joe Berlinger to undergo a deposition o
  • BAE Systems to cut nearly 1,000 UK jobs as Government defence cuts loom
    Thu, 09 Sep 2010 05:29:03 -0700
    Manufacturing giant BAE Systems is to cut almost 1,000 jobs, mainly in its military division, it said on Thursday.
  • OECD says recovery slowing, urges policy caution
    Thu, 09 Sep 2010 05:27:10 -0700
    PARIS (Reuters) - Global recovery looks to be slowing more than expected as growth weakens in rich economies, and stimulus should be extended or stepped up if the slowdown endures, the OECD said on Thursday.

  • Amazon launches new version of 'Checkout' process
    Thu, 09 Sep 2010 05:20:34 -0700
    Online retailer announced a new version of its 'Checkout' process that enables account holders to make purchases on a merchant's site using their account credentials without leaving the merchant's site.
  • Bank of England keeps interest rates at 0.5pc
    Thu, 09 Sep 2010 05:07:16 -0700
    The Bank of England has held rates at a record low of 0.5pc for the 18th month in a row and kept quantitative easing purchases at £200bn.
  • Google challenges Microsoft, Yahoo with Instant search
    Thu, 09 Sep 2010 04:49:49 -0700
    Internet search giant Google Corp. launched an update on Wednesday to its search user platform, Google Instant, which may help raise the competitive bar for Microsoft’s Bing, Yahoo!,, and other rivals.
  • Pace of global recovery sluggish: OECD
    Thu, 09 Sep 2010 04:48:35 -0700
    Growth could slow in the G7 economies to an annual rate of about 1.5 per cent in the second half from the prior estimate of 1.75 percent, the Paris-based OECD said.
  • British MPs to grill BP CEO Hayward
    Thu, 09 Sep 2010 04:46:17 -0700
    LONDON (Reuters) - British Members of Parliament (MPs) will next week grill outgoing BP Plc Chief Executive Tony Hayward, as part of an investigation into risks around deepwater drilling in the North Sea.

  • INTERVIEW - Steel Strips in talks with Japan's Sumitomo to sell...
    Thu, 09 Sep 2010 04:40:26 -0700
    MUMBAI (Reuters) - Wheel-rims maker Steel Strips Wheels is in talks with Japan's Sumitomo Metals and other strategic investors in Europe to raise funds through preferential share sale, a top official told Reuters.
  • Bank of England holds rates at 0.5 percent
    Thu, 09 Sep 2010 04:36:48 -0700
    LONDON (Reuters) - The Bank of England kept interest rates at 0.5 percent for the 18th month in a row and announced no new quantitative easing purchases, in a widely expected decision on Thursday.

  • Dividend hikes, buybacks seen at AT&T, IBM
    Thu, 09 Sep 2010 04:29:08 -0700
    As the corporate cash registers are filling up, companies opt to boost the shareholder value by raising dividends or buying back the stock.
  • KNOC says Dana offer 'full and final'
    Thu, 09 Sep 2010 04:23:06 -0700
    KNOC, the Korean state oil company, said its £18-a-share offer for Dana Petrolem is full and final and will not be increased.
  • GLOBAL MARKETS - Yen near 15-year high vs dollar; stocks, oil up
    Thu, 09 Sep 2010 04:20:27 -0700
    LONDON (Reuters) - The yen edged near to a 15-year high against the dollar on Thursday as investors bet on the Japanese authorities are not yet ready to curb the currency's strength, while world stocks and crude prices rose.

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