Wednesday, September 8, 2010

Business News - 08 September 2010

  • Overseas Visitors to U.S. Start Paying $14 for Tourism Promotion
    Tue, 07 Sep 2010 17:18:06 -0700
    Visitors to the U.S. will today start paying a $14 fee to promote travel from overseas under a law sought by companies such as Marriott International Inc., Walt Disney Co., American Express Co. and Loews Corp.
  • Dealmaker Salter to Bring Cage Fighting to Masses
    Tue, 07 Sep 2010 17:17:00 -0700
    In his last gig, Jamie Salter snapped up Linens ‘n Things Inc., Polaroid Corp. and other household names. With his new acquisition, he’ll peddle cage- fighting T-shirts and “Expression of Combat” school folders.
  • Be wary of Web scams about flood in Pakistan
    Tue, 07 Sep 2010 17:13:52 -0700
    Big disaster can bring out out the cons.
  • Bristol-Myers Will Buy ZymoGenetics for $885 Million
    Tue, 07 Sep 2010 17:12:00 -0700
    Bristol-Myers Squibb Co. said it plans to buy ZymoGenetics Inc., the maker of a hepatitis C drug the companies are jointly developing, for $885 million.
  • Japanese, Australian Stock Futures Fall on Europe, Yen Strength
    Tue, 07 Sep 2010 17:06:06 -0700
    Japanese and Australian stock futures fell on concern the European debt crisis may worsen, stalling global economic growth, and as the yen strengthened against the dollar and the euro.
  • Japan Machinery Orders Rise for Second Month in July
    Tue, 07 Sep 2010 16:58:05 -0700
    Japanese machinery orders rose for a second month in July as overseas demand encouraged investment by companies.
  • Report: BP probe to spread blame for spill
    Tue, 07 Sep 2010 16:54:01 -0700
    HOUSTON (Reuters) - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.

  • Hewlett-Packard Says It Is Suing Mark Hurd Amid Move to Oracle
    Tue, 07 Sep 2010 16:53:00 -0700
    Hewlett-Packard Co. said it is suing former Chief Executive Officer Mark Hurd, who was hired by Oracle Corp. as a president.
  • HP sues to stop ex-CEO Hurd joining Oracle
    Tue, 07 Sep 2010 16:39:50 -0700
    SAN FRANCISCO (Reuters) - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."

  • Josh Bernoff's "Empowered"
    Tue, 07 Sep 2010 16:37:41 -0700
    Forrester Research analyst explains how companies should manage social networking.
  • Where Is Cheating Taught?
    Tue, 07 Sep 2010 16:37:08 -0700
    A question from a student at NYU during one of my presentations was "Did you ever cheat in college?"
  • After Hours: Bristol-Meyers Squibb's Acquisition
    Tue, 07 Sep 2010 16:35:48 -0700
    Altera Raises forecast; UDR, Focus Media and Inergy shares fall on planned stock sales.
  • Cisco, Westcon to Pay $48 Million for Overbilling
    Tue, 07 Sep 2010 16:31:00 -0700
    Cisco Systems Inc., the biggest networking-equipment maker, and Westcon Group North America agreed to pay $48 million to settle claims that they overcharged the U.S. government, the Justice Department said.
  • Australian Stock Market Report
    Tue, 07 Sep 2010 16:29:59 -0700
    The US conference board employment trends index fell from 97.4 to 96.7 in August. The index is still up 9.4pct on a year ago.
  • Diamond’s Promotion Shows U.K. Banks May Escape Forced Breakup
    Tue, 07 Sep 2010 16:29:10 -0700
    Barclays Plc’s appointment of Robert Diamond as chief executive officer shows the bank expects the government won’t force it to separate its commercial and investment banking divisions, analysts said.
  • World Market Overview
    Tue, 07 Sep 2010 16:28:19 -0700
    Financial stocks including American Express, J.P. Morgan Chase and Bank of America led U.S. stocks lower Tuesday as the market cooled off from last week's rally while worries over the health of European banks recirculated.
  • Daily Forex Commentary 8/9/2010
    Tue, 07 Sep 2010 16:24:31 -0700
    It was a volatile intraday session for the Aussie in Asia yesterday as investors eyed resolution to the political stalemate in addition to the Australian and Japanese central bank meetings.
  • Bristol's Smart Buy
    Tue, 07 Sep 2010 16:14:42 -0700
    Bristol's decision to pay $858 million for Zymogenetics makes sense.
  • Negative leads make low share market opening
    Tue, 07 Sep 2010 16:08:01 -0700
    A low closing for U.S. stocks led to a low opening at the Australian shares market.
  • Six Autumn Outliers
    Tue, 07 Sep 2010 16:06:41 -0700
    Unlikely but possible over the next few months: silver explodes, Google buys Twitter, Ballmer quits
  • BIDS' Tim Mahoney On Why Stock Market Structure Needs To Keep Moving Forward
    Tue, 07 Sep 2010 15:54:10 -0700
    Nowhere in what we were trying to accomplish did we say that we have to make the markets easier to u
  • Fees and Inventive Pay: Two Ways Investors Lose
    Tue, 07 Sep 2010 15:15:02 -0700
    High-paid money managers do make big bucks--for themselves.
  • Silver touches $20/oz which could trigger accelerated rally
    Tue, 07 Sep 2010 15:13:45 -0700
    Silver prices surged by over 10 percent in the last two weeks, and many analysts expect a continuation of the strong rally above the level of $20 per ounce. Gold is very strong today as well, jumping by $13 to $1.259 per ounce at the start of the trading session in New York, close to the all-time high reached in June.
  • Court Throws The Book At Warrantless Cell Phone Tracking
    Tue, 07 Sep 2010 15:13:42 -0700
    Judges can now demand "probable cause" before granting cops the ability to track cell phones' locati
  • Ben Bernanke's Big Bazooka Factory Of Fed Policy
    Tue, 07 Sep 2010 15:03:39 -0700
    The pundits claim that the Fed is out of bullets, but Chairman Bernanke has an ordnance factory capa
  • Nobody Loves a Loser...
    Tue, 07 Sep 2010 15:00:00 -0700
    but only the wise have the guts to get rid of dud stocks. For others, a broken portfolio sounds better than a bruised ego.
  • BP's Chutzpah Roundup
    Tue, 07 Sep 2010 15:00:00 -0700
    A rundown of the oil giant's handling of the Gulf spill.
  • Steps To Creating A Flash Company
    Tue, 07 Sep 2010 15:00:00 -0700
    The infrastructure to create companies in an instant will soon be with us.
  • Social Media Is Fashion's Newest Muse
    Tue, 07 Sep 2010 15:00:00 -0700
    Designers and retailers are taking cues from their customers online--and seeing bottom-line results.
  • Nobody Loves a Loser...
    Tue, 07 Sep 2010 15:00:00 -0700
    but only the wise have the guts to get rid of dud stocks. For others, a broken portfolio sounds better than a bruised ego.
  • Congress Republicans wary of Obama economy plan
    Tue, 07 Sep 2010 14:56:35 -0700
    WASHINGTON (Reuters) - Republicans in Congress showed little willingness to help President Barack Obama approve $350 billion in measures to boost the economy with midterm elections less than two months away.

  • Will Netbooks Sink To $199 Before Year-End?
    Tue, 07 Sep 2010 14:53:13 -0700
    Competition from a flood of new tablet computers may push the price of netbook PCs lower than ever.
  • Market falls amid European bank worries
    Tue, 07 Sep 2010 14:35:55 -0700
    NEW YORK (Reuters) - U.S. stocks fell in very light volume on Tuesday as investors seized on renewed concerns about European banks as a reason to sell shares after strong gains last week.

  • HP sues Hurd
    Tue, 07 Sep 2010 13:58:50 -0700
    Hewlett-Packard has filed a lawsuit against Mark Hurd, its former chief, to block him from joining Oracle as co-president.
  • Chip prices: The iPad factor
    Tue, 07 Sep 2010 13:57:27 -0700
  • Bank stress socks the Continent
    Tue, 07 Sep 2010 13:56:04 -0700
  • Bonds rise as European concerns 'simmer'
    Tue, 07 Sep 2010 13:55:33 -0700
    Investors returned from a holiday weekend with a gloomier outlook on the economy, thanks to an old concern that won't seem to die -- the health of European banks.
  • Obama's plan: Too little, too late
    Tue, 07 Sep 2010 13:55:10 -0700
    This week, the Obama administration began outlining additional measures to jumpstart the economy and create jobs.
  • Stocks fall on European bank woes
    Tue, 07 Sep 2010 13:47:31 -0700
    U.S. stocks fell Tuesday as renewed worries about European banks weighed on financial stocks and investors flocked to such safe-haven assets as the dollar, Treasurys and gold.
  • George Soros gives $100 million to Human Rights Watch
    Tue, 07 Sep 2010 13:35:03 -0700
    George Soros, the billionaire financier, is giving $100m (£65m) to a human rights organisation in one of the largest acts of philanthropy so far this year.
  • Stocks snap 4-day win streak, investors worried about EU banks
    Tue, 07 Sep 2010 13:19:21 -0700
    The stock market snapped a 4-day winning streak after the long holiday on renewed worries about Europe's banking system.
  • Google doodle mystery
    Tue, 07 Sep 2010 12:39:35 -0700
  • City unsure on Bob Diamond's rise
    Tue, 07 Sep 2010 12:34:48 -0700
    Bob Diamond fulfills his ambition of becoming chief executive of Barclays to a muted response from the City.
  • Sinochem approaches Temasek on Potash bid
    Tue, 07 Sep 2010 12:05:06 -0700
    TORONTO/SINGAPORE (Reuters) - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

  • Stocks weighed down by renewed Euro bank worries
    Tue, 07 Sep 2010 12:01:58 -0700
    Stocks are lower as new worries emerge about the health of European banks, amidst a paucity. of economic data in the U.S. to drive markets

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