Wednesday, September 29, 2010

Business News -29 September 2010

  • A$ stays near two-year high
    Wed, 29 Sep 2010 09:36:32 -0700
    The surging Australian currency held ground to nudge closer to a 2008 peak on Wednesday noon, as US dollar weakness persists and traders balance concerns about global risk factors.
  • Power list: 50 top women
    Wed, 29 Sep 2010 07:58:20 -0700
  • French budget aims to cut deficit
    Wed, 29 Sep 2010 07:54:02 -0700
    France will make spending cuts and increase taxes but also hopes for stronger-than-forecast economic growth to balance its books.
  • College Students' Top Employers Ranked
    Wed, 29 Sep 2010 07:53:27 -0700
  • Apple's final frontier: The enterprise
    Wed, 29 Sep 2010 07:52:58 -0700
    Apple became the most valuable technology company by winning over the hearts and minds of consumers. But until recently, corporate customers have been an afterthought.
  • Figures show pensions gap exsists
    Wed, 29 Sep 2010 07:50:30 -0700
    Figures from the Office for National Statistics show there is a substantial gap between rich and poor pensioners.
  • Stocks slide as recovery worries persist
    Wed, 29 Sep 2010 07:50:18 -0700
    U.S. stocks fell Wednesday as uneasiness about the global economy continued to hang over the market, and a light economic calendar gave investors little to grab hold of.
  • 5 ways to get your retirement back on track
    Wed, 29 Sep 2010 07:50:02 -0700
    The road to retirement is positively littered with obstacles. Investment portfolios have been rear-ended; home equity, once a reliable supplement to savings, is deflated; job losses and pay cuts further impede progress. And all this on top of more quotidian bumps in the road: mortgage payments, college tuition, and the cost of health care, to name a few.
  • From pizza shop to House candidate
    Wed, 29 Sep 2010 07:48:58 -0700
    A lot of people are mad as hell at Washington right now. The recession is officially over, but it doesn't feel over.
  • EU lays out new debt punishments
    Wed, 29 Sep 2010 07:48:27 -0700
    The European Commission unveils new rules that will punish eurozone states that break budgetary rules.
  • Urgent Advice From Billionaire John Paulson: 'Buy A House and Gold'; Plus, Rupert Murdoch's Pay Cut
    Wed, 29 Sep 2010 07:42:45 -0700
    John Paulson has advised investors before to consider putting money in gold, but his advice got loud
  • Boeing May Take Fourth 747-8 Charge as Analysts See Next Delay
    Wed, 29 Sep 2010 07:42:05 -0700
    Boeing Co., whose engineers are redesigning a part on the new 747-8 jumbo jet, may announce a fourth financial charge for the aircraft and another delay that could make it almost two years late.
  • BP ousts exploration chief, vows to boost safety
    Wed, 29 Sep 2010 07:40:35 -0700
    LONDON (Reuters) - BP Plc's incoming Chief Executive Bob Dudley has ousted the oil group's exploration and production chief following the Gulf of Mexico oil spill and promised to restructure the company to boost safety.

  • Tuesday Night Deals: AOL, Boeing
    Wed, 29 Sep 2010 07:40:00 -0700
    A couple of deals were announced late Tuesday, after the closing bell. AOL announced it has acquired
  • Wall Street falls, quarter-end may buoy stocks
    Wed, 29 Sep 2010 07:38:38 -0700
    NEW YORK (Reuters) - Stocks dipped on Wednesday on investor caution after a strong rally in September, but analysts said buying by mutual fund managers to adjust portfolios at quarter-end may lift equities.

  • House set to pass bill aimed at Chinese yuan
    Wed, 29 Sep 2010 07:28:07 -0700
    WASHINGTON (Reuters) - The House of Representatives was set to pass a bill on Wednesday to put pressure on China to let its currency rise faster, fanning the flames of a long-running dispute over trade and jobs.

  • Etisalat Said to Offer $10.5 Billion for Zain Stake
    Wed, 29 Sep 2010 07:26:00 -0700
    Emirates Telecommunications Corp. known as Etisalat, is offering about $10.5 billion for a majority stake in Zain, Kuwait’s largest mobile-phone company, two people familiar with the discussions said.
  • Dollar Declines to Eight-Month Low on Outlook for Fed Policy
    Wed, 29 Sep 2010 07:25:00 -0700
    The dollar fell to an eight-month low against a basket of currencies including the euro and yen on speculation the Federal Reserve will increase purchases of government debt to spur the economy.
  • Kocherlakota Says Purchases May Have ‘Muted’ Impact
    Wed, 29 Sep 2010 07:22:06 -0700
    Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the Fed may have a tough time aiding the economy and reducing a “deeply troubling” unemployment rate through a second round of Treasury purchases.
  • Balyasny Hedge Fund Said to Offer Lower Fees in Bid for Assets
    Wed, 29 Sep 2010 07:16:18 -0700
    Balyasny Asset Management LP, a Chicago-based investment firm overseeing $2 billion, is offering reduced fees on its biggest hedge fund as it seeks to increase assets, according to three people briefed on the matter.
  • Diesel Europe-Asia Spread Reaches 18-Month High: Energy Markets
    Wed, 29 Sep 2010 07:13:00 -0700
    The biggest gap between Asian and European diesel prices in 18 months means an increase in shipments of the fuel to the U.K. from South Korea, shipping brokers say.
  • EU unveils deficit sanctions as unions protest
    Wed, 29 Sep 2010 07:11:27 -0700
    BRUSSELS/MADRID (Reuters) - The European Commission proposed tougher semi-automatic sanctions on Wednesday on euro zone countries that breach EU budget rules, as trade unions staged strikes and protests against austerity measures.

  • Bernanke Boosting Bottom Line For Canadian NHL Teams
    Wed, 29 Sep 2010 07:00:47 -0700
    A prime beneficiary of the Fed's cheap dollar policy are Canadian hockey teams.
  • Slow Start On Wall Street
    Wed, 29 Sep 2010 06:50:00 -0700
    Stocks open slightly lower, gold rises. HP updates guidance.
  • Will Generic Lipitor Be Delayed?
    Wed, 29 Sep 2010 06:32:36 -0700
    It's possible that generic Lipitor could be delayed, and that Pfizer will benefit even if it isn't.
  • America's Billionaires In The Making
    Wed, 29 Sep 2010 06:30:00 -0700
    This elite group of tech moguls, hedge-funders, athletes and entertainers has a strong chance of breaking into the Forbes 400 this decade.
  • Green Jobs: Promise, Progress and Potential
    Wed, 29 Sep 2010 06:23:04 -0700
    At a Clinton Global Initiative session, a progress report on the green economy.
  • ECB's Weber - New regulation needs global acceptance
    Wed, 29 Sep 2010 06:22:20 -0700
    BRUSSELS (Reuters) - New financial rules known as Basel III need to be adopted across the globe if they are to be effective, European Central Bank Governing Council member Axel Weber said on Wednesday.
  • Mahindra Satyam posts loss for FY10
    Wed, 29 Sep 2010 06:22:10 -0700
    HYDERABAD (Reuters) - Mahindra Satyam on Wednesday reported a net loss of 1.25 billion rupees ($27.8 million) for the year ended March 2010, giving the first view of its financials almost two years after it was hit by India's biggest corporate fraud.
  • Ahead of U.S. vote, China vows more flexible yuan
    Wed, 29 Sep 2010 06:22:00 -0700
    BEIJING (Reuters) - China will increase the flexibility of the yuan and improve the way it manages the exchange rate with reference to a basket of currencies of the country's trading partners, the central bank said on Wednesday.
  • U.S. House set to approve bill aimed at China yuan
    Wed, 29 Sep 2010 06:21:39 -0700
    WASHINGTON (Reuters) - The U.S. House of Representatives is poised on Wednesday to pass legislation to pressure China to let its yuan currency rise more quickly, fanning the flames of a long-running dispute over trade and jobs.
  • ANALYSIS - China to drive global steel output to record in 2010
    Wed, 29 Sep 2010 06:21:09 -0700
    LONDON (Reuters) - Global crude steel production is on track to hit record highs this year and the next, largely driven by top producer China, where booming output and demand has overcome that of the recession-hit developed world.
  • HIGHLIGHTS - Executives look at the light side
    Wed, 29 Sep 2010 06:20:59 -0700
    BANGALORE (Reuters) - India's export-driven information technology and pharmaceutical industries are expanding their businesses as demand from overseas customers remain robust.
  • GLOBAL MARKETS - Dollar hits lowest since Jan, bracing for QE
    Wed, 29 Sep 2010 06:20:49 -0700
    LONDON (Reuters) - The U.S. dollar extended its steep decline on Wednesday, clocking losses of more than five percent for the month, as investors prepared for the Federal Reserve to print more money to lift the weakening U.S. economy.
  • BP ousts exploration chief, vows to boost safety
    Wed, 29 Sep 2010 06:20:39 -0700
    LONDON (Reuters) - BP Plc's incoming Chief Executive Bob Dudley ousted the oil group's exploration and production chief following the Gulf of Mexico oil spill and promised to restructure the company to boost safety.
  • BP unveils powerful new safety unit in radical restructuring to rebuild trust after oil spill
    Wed, 29 Sep 2010 06:08:15 -0700
    Shares rise after incoming chief Bob Dudley creates safety division with sweeping powers, ousts executives in radical makeover of oil giant.
  • Adobe could face lingering challenges in education markets
    Wed, 29 Sep 2010 05:57:10 -0700
    A shift in education market to lower lower-cost netbooks and tablets could make Adobe Systems (ADBE) and other software vendors scrambling to fit a slimmed configuration.
  • Family Dollar forecast tops view, plans more stores
    Wed, 29 Sep 2010 05:53:42 -0700
    CHICAGO (Reuters) - Family Dollar Stores Inc forecast profit for the current fiscal year that would beat most analyst estimates and said it will speed up the pace of new store openings, sending its shares up more than 4 percent.

  • Who benefits from the currency war?
    Wed, 29 Sep 2010 05:35:26 -0700
    Dollar is not the only currency getting investor thumbs down, leading to a gold surge. The world' most sought after commodity has gained from the uncertain scenario resulting from weakness of major currencies and a gloomy recovery outlook.
  • Live Nation chairman steps down: report
    Wed, 29 Sep 2010 05:32:05 -0700
    (Reuters) - Live Nation Entertainment Inc Chairman Barry Diller on Tuesday stepped down from his post and from the concert promotion giant's board of directors, the Wall Street Journal reported.

  • Drinks magnate tops China rich list, worth $12 billion
    Wed, 29 Sep 2010 05:15:52 -0700
    BEIJING (Reuters) - Beverage magnate Zong Qinghou tops the list of the richest men in China with a personal wealth worth an estimated $12 billion, according to the partial results of a survey released on Wednesday.

  • Borders unveil new Kobo eReader
    Wed, 29 Sep 2010 05:08:30 -0700
    Borders Group launched its new Kobo wireless eReader for the iPad dominated ebook market.
  • More Fed easing not yet a done deal, Lockhart says
    Wed, 29 Sep 2010 04:54:19 -0700
    SEWANEE, Tennessee (Reuters) - A top Federal Reserve official said on Tuesday that he has yet to make up his mind whether further ease monetary policy is needed, despite a weakening U.S. economy and some risk of deflation.

  • Obama Administration Moves Long-Term Gulf Plan Forward
    Wed, 29 Sep 2010 04:18:16 -0700
    The president has named Environmental Protection Agency Administrator Lisa Jackson to serve as task force chair, given her extensive environmental experience, ability to work successfully with stakeholders, and roots in the gulf coast region.
  • expands partnership with Continental over OnePass program
    Wed, 29 Sep 2010 04:14:41 -0700
    Points International Ltd. (PTS.TO) has expanded its relationship with Continental Airlines OnePass frequent flyer program to let members exchange miles into other loyalty accounts and redeem points for leading retailers, flights and services.

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