Thursday, October 7, 2010

Business - 07 October 2010

  • Obama: Millionaires Should Fill Tax Gap
    Thu, 07 Oct 2010 07:22:54 -0700
  • Ten Biggest ETF Holders Of Apple Stock
    Thu, 07 Oct 2010 07:20:43 -0700
    As Apple shares head towards $300 some ETFs stand to benefit more than others.
  • A Nobel for 1.3 Billion People
    Thu, 07 Oct 2010 07:20:25 -0700
    Liu Xiaobo should win the Peace Prize.
  • Store sales hint at consumer comeback
    Thu, 07 Oct 2010 07:11:15 -0700
    Retailers on Thursday reported strong sales results for September as shoppers loaded up despite the still-struggling economy.
  • Presentations That Live On The Web
    Thu, 07 Oct 2010 07:10:00 -0700
    Sliderocket turns lectures into conversations.
  • How The War In Afghanistan Depends On The Khyber Pass
    Thu, 07 Oct 2010 07:09:23 -0700
    Fuel is an essential component of fighting the war in Afghanistan and Pakistan's closing of the Khyb
  • UK interest rates on hold at 0.5%
    Thu, 07 Oct 2010 07:05:33 -0700
    The Bank of England holds UK interest rates at 0.5% and does not expand the quantitative easing programme.
  • Mortgage rates at new record lows: Freddie Mac
    Thu, 07 Oct 2010 07:04:33 -0700
    NEW YORK (Reuters) - Mortgages reached new record lows in the latest week as economic data raised the appeal of safe-haven government debt, according to a survey released on Thursday by Freddie Mac,...


  • Heating Oil Profit Doubles Gasoline on Exports: Energy Markets
    Thu, 07 Oct 2010 07:03:00 -0700
    The profit from turning crude into heating oil and diesel fuel has jumped to almost double that for gasoline as U.S. exports to Europe and South America climb.
  • Stocks fall flat
    Thu, 07 Oct 2010 07:02:23 -0700
    After posting modest gains within the first few minutes of trade, stocks changed gears and fell flat early Thursday, as investors digested better-than-expected reports on jobless claims and retail sales but looked ahead to the monthly jobs report due Friday.
  • Genzyme’s Defense to Hostile Sanofi Takeover Is Time
    Thu, 07 Oct 2010 07:02:00 -0700
    Time may be Genzyme Corp.’s best defense against Sanofi-Aventis SA’s $18.5 billion hostile takeover, after the U.S. company shed protections that could have helped deflect an unwanted suitor.
  • The rebirth of venture capital (really!)
    Thu, 07 Oct 2010 07:01:38 -0700
  • Wall Street flat as dollar rebounds
    Thu, 07 Oct 2010 06:59:31 -0700
    NEW YORK (Reuters) - Stocks were flat in early trading on Thursday, after briefly turning negative on a rebound in the U.S. dollar.


  • Arabs to Renew Demand for Israel Settlement Freeze
    Thu, 07 Oct 2010 06:56:00 -0700
    Arab foreign ministers will tomorrow renew their demand for a freeze on Israeli settlement construction as a precondition for “serious” peace talks with the Palestinians, Arab League chief Amre Moussa said today.
  • IMF tries to rebuild consensus in uneven recovery
    Thu, 07 Oct 2010 06:55:14 -0700
    WASHINGTON (Reuters) - The International Monetary Fund on Thursday sought to head off a battle over currency values and restore global economic cooperation strained by an uneven recovery from the...


  • PepsiCo trims top end of earns forecast
    Thu, 07 Oct 2010 06:54:51 -0700
    DETROIT (Reuters) - PepsiCo Inc trimmed the top end of its full-year earnings forecast, citing a tough economic environment that has hampered consumer spending, and its shares fell 2.5 percent.


  • GM to recall 3,996 Cadillac SRX crossovers
    Thu, 07 Oct 2010 06:52:20 -0700
    DETROIT (Reuters) - General Motors Co is recalling nearly 4,000 Cadillac SRX crossovers from the 2010 model year due to potential power steering line damage that has caused at least one fire, the...


  • Google's next giant revenue stream
    Thu, 07 Oct 2010 06:52:00 -0700
    Google has made its famous search algorithm into a $20 billion business, but for years, investors have asked, "What's next?"
  • Ukraine sets grain export quotas
    Thu, 07 Oct 2010 06:51:16 -0700
    Ukraine sets quotas for how much grain it will export after output was hit by a severe drought in the summer.
  • Stocks Gain on Jobless Claims; Yen, Gold Advance on Fed Bets
    Thu, 07 Oct 2010 06:48:00 -0700
    Stocks rose, sending U.S. benchmark indexes to five-month highs, after American jobless claims unexpectedly decreased. The yen climbed to the highest since 1995 against the dollar and gold rallied amid speculation the Federal Reserve will buy debt to fuel the economic recovery.
  • Eurozone interest rate still 1%
    Thu, 07 Oct 2010 06:46:41 -0700
    The European Central Bank raises its forecast for eurozone growth for this year and next year, and keeps interest rates on hold.
  • Ellington Said to Draw Demand for 75% of IPO Shares
    Thu, 07 Oct 2010 06:46:00 -0700
    Ellington Financial LLC, the mortgage-backed bond fund run by Michael Vranos, secured enough demand from investors for 75 percent of the shares being sold in its initial public offering after the first day of marketing, according to a person familiar with the sale.
  • Dollar Reaches 15-Year Low Versus Yen on Fed; Euro Strengthens
    Thu, 07 Oct 2010 06:43:00 -0700
    The dollar dropped to a 15-year low against the yen and the weakest in more than eight months against the euro amid growing expectations the Federal Reserve will expand credit easing to sustain the U.S. recovery.
  • ECB holds rates, sees money market normalizing
    Thu, 07 Oct 2010 06:37:47 -0700
    FRANKFURT (Reuters) - Economic recovery in the euro zone will continue in the second half of the year and money markets show signs of normalization, European Central Bank President Jean-Claude...


  • U.S. Stock Advance on Better-Than-Estimated Jobless Claims Data
    Thu, 07 Oct 2010 06:36:00 -0700
    U.S. stocks rose, with the Standard & Poor’s 500 Index wiping out yesterday’s loss, as a report that American jobless claims unexpectedly fell to a three-month low soothed concerns of a weakening economic recovery.
  • Stocks Rise With Retail Sales, As Jobless Claims Fall
    Thu, 07 Oct 2010 06:35:00 -0700
    Fewer workers file for unemployment benefits, encouraging investors ahead of Friday payroll data.
  • Late back-to-school shopping lifts retail sales
    Thu, 07 Oct 2010 06:32:04 -0700
    NEW YORK (Reuters) - Teen apparel retailers led generally stronger-than-expected same-store sales in September, with a late start to the back-to-school season helping those chains beat Wall Street...


  • Prestige sets price band for $272 mln IPO - sources
    Thu, 07 Oct 2010 06:30:37 -0700
    MUMBAI (Reuters) - Developer Prestige Estates Projects Ltd has set a price band of 172 to 183 rupees per share for its 12 billion rupees ($272 million) initial public offer, three sources directly involved in the deal said on Thursday.
  • Prestige Estates to use IPO proceeds to retire debt
    Thu, 07 Oct 2010 06:30:27 -0700
    MUMBAI (Reuters) - Real estate firm Prestige Estates Projects Ltd intends to use proceeds from its 12-billion-rupee initial public offering (IPO) to retire debt and meet funding needs of ongoing projects, a top official said on Thursday.
  • Man Group shares climb on talk of BNY Mellon bid
    Thu, 07 Oct 2010 06:28:41 -0700
    Man Group shares have jumped 4.8pc on speculation that a mystery bidder - thought to be Bank of New York Mellon - is preparing a 390p per share bid for the group.
  • Nancy Duarte's New Book: "resonate"
    Thu, 07 Oct 2010 06:28:23 -0700
    Nancy Duarte's new book resonate arrived in my mail box a few days ago, and I've been racing through
  • Jobless claims near three-month low
    Thu, 07 Oct 2010 06:20:43 -0700
    WASHINGTON (Reuters) - New claims for unemployment benefits fell to a near three-month low last week, pointing to some improvement in the troubled labor market.


  • EU executive outlines 25 bln eur transaction tax on banks
    Thu, 07 Oct 2010 06:20:26 -0700
    BRUSSELS (Reuters) - A new European Union tax on bank profits and remuneration could raise as much as 25 billion euros ($34.97 billion) for cash-strapped governments to repair their economies, the bloc's executive body said on Thursday.
  • Govt to decide on Cairn deal by year end - official
    Thu, 07 Oct 2010 05:50:27 -0700
    NEW DELHI (Reuters) - India will decide on Cairn Energy's proposed sale of a stake in Cairn India to Vedanta Resources by the end of 2010, a senior government official told Reuters on Thursday.
  • US futures point to flat opening after jobs data
    Thu, 07 Oct 2010 05:48:26 -0700
    Futures on major U.S. stock indices point to a flat opening on Thursday after the Department of Labor reported that weekly jobless claims fell last week.
  • Tech Value Stock
    Thu, 07 Oct 2010 05:34:43 -0700
    Value investors should take note of this IT systems distributor.
  • Crown Currency Exchange victims 'will get back just 10p in the pound'
    Thu, 07 Oct 2010 05:29:01 -0700
    Customers of Crown Currency Exchange, the collapsed broker, can expect to receive no more than 10p in the pound, early indications show.
  • World stocks hit 5-month peak; dollar tumbles
    Thu, 07 Oct 2010 05:10:49 -0700
    LONDON (Reuters) - World stocks hit a five-month high on Thursday while emerging equities held near a 27-month peak, backed by expectations that the prospect of more money printing by advanced economies would support the global economy.
  • PepsiCo trims top end of forecast
    Thu, 07 Oct 2010 05:10:39 -0700
    DETROIT (Reuters) - PepsiCo Inc trimmed the top end of its full-year earnings forecast and reported a quarterly profit on Thursday that met analysts' expectations.
  • Bank of England leaves rates at 0.5 pct, QE on hold
    Thu, 07 Oct 2010 05:10:27 -0700
    LONDON (Reuters) - The Bank of England left interest rates at 0.5 percent for a 20th consecutive month on Thursday and kept its asset-buying programme on hold, but the outcome probably masked a vigorous debate about whether economic conditions require tighter or looser policy.
  • Irene Rosenfeld Vs. Warren Buffett: A Winner Emerges
    Thu, 07 Oct 2010 05:09:37 -0700
    Irene Rosenfeld, Kraft CEO and this year's second most powerful woman in the world, confides her cha
  • BSE Sensex drops 1 pct, but outlook bullish
    Thu, 07 Oct 2010 04:46:24 -0700
    The BSE Sensex fell 1.1 percent on Thursday as investors locked in profits after a big rally that had taken the market to a 33-month high this week, but traders said the undertone was bullish on surging foreign interest.
  • Castel rules out SABMiller African beer deal
    Thu, 07 Oct 2010 04:42:25 -0700
    LONDON/PARIS (Reuters) - French drinks group Castel denied on Thursday that it was in talks to sell its African beer business to SABMiller, the world's second-biggest brewer.


  • Oil companies plan new U.S. oil spill fund
    Thu, 07 Oct 2010 04:41:42 -0700
    LONDON (Reuters) - U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any future oil spill, to avoid a scenario where smaller companies are unable to...


  • US futures edge higher ahead of jobless claims data
    Thu, 07 Oct 2010 04:35:41 -0700
    Futures on major U.S. indices point to a higher opening on Thursday ahead of key weekly jobless claims and earnings from Alcoa.

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