Thursday, November 11, 2010

Business -10 November 2010

  • Australian Stock Market Report - Closing
    Thu, 11 Nov 2010 09:41:32 -0800
    Australian stocks made a recovery today as robust Chinese economic data spurred investor sentiment around the region.
  • XStrata secures control of Sphere Minerals
    Thu, 11 Nov 2010 09:04:12 -0800
    XStrata Plc was able to secure a controlling stake equivalent to 51.12 percent in Sphere Minerals, while remaining rival China-backed Sin-Tang continues to tighten its grip in its shares in the company top up its holding.
  • How Kiva's Robots Helped Zappos and Walgreens
    Thu, 11 Nov 2010 07:35:49 -0800
  • Copper rallies to fresh highs on buoyant China, drop in supplies
    Thu, 11 Nov 2010 07:33:15 -0800
    Copper hit record highs in London and jumped to a 30-month high in New York on Thursday as strong Chinese data suggested higher demand for the metal by the world's biggest consumer.
  • Benefit revamp 'to make work pay'
    Thu, 11 Nov 2010 07:28:58 -0800
    Welfare secretary Iain Duncan Smith sets out plans to overhaul the benefits system to provide greater incentives for work and sanctions for those unwilling to do so.
  • WTI Contango Trade May Dwindle on Storage Surge: Energy Markets
    Thu, 11 Nov 2010 07:28:00 -0800
    The longest period of contango in the U.S. oil market may end as storage capacity expands by more than a quarter at Cushing, Oklahoma, the biggest U.S. crude- trading hub.
  • Moody's upgrades China
    Thu, 11 Nov 2010 07:24:24 -0800
    Deftly turning the other cheek, Moody's upgraded China Thursday, just days after China's latest attack on conflicted U.S. debt raters.
  • Irish Debt Falls for 13th Day on Default Concern; Bunds Climb
    Thu, 11 Nov 2010 07:24:00 -0800
    Irish government bonds fell for a 13th day on mounting concern that the nation will be forced to restructure its finances.
  • Mortgage Rate for 30-Year U.S. Loans Falls to Record
    Thu, 11 Nov 2010 07:23:41 -0800
    U.S. mortgage rates dropped to a record low, the first decline in a month, as the Federal Reserve began a program to buy Treasury bonds to support the economy.
  • Stocks sink on Cisco selloff
    Thu, 11 Nov 2010 07:22:34 -0800
    U.S. stocks tumbled Thursday, after a disappointing outlook from Cisco Systems Inc. rattled the technology sector.
  • Home Prices Fall in 76 of 155 U.S. Metro Areas, Realtors Say
    Thu, 11 Nov 2010 07:21:07 -0800
    Home prices fell in half of U.S. cities in the third quarter as banks stepped up repossessions of properties in default.
  • GM recalls cars due to power steering fluid leak
    Thu, 11 Nov 2010 07:19:43 -0800
    DETROIT (Reuters) - General Motors Co will recall 13,780 Cadillac DTS and Buick Lucerne luxury sedans because of possible power steering fluid leaks that could cause a loss of steering or an engine...


  • U.S. Stocks Drop After Cisco’s Forecast Misses Estimates
    Thu, 11 Nov 2010 07:18:00 -0800
    U.S. stocks fell, with benchmark indexes retreating for a third day this week, after Cisco Systems Inc. projected sales and profit that fell short of analysts’ estimates.
  • Names You Need To Know In 2011: Alkane Resources, For Really Rare Earths
    Thu, 11 Nov 2010 07:16:14 -0800
    Forget Molycorp and take a look at Alkane Resources as a name you need to know in rare earths.
  • Ben Bernanke Is My New Best Buddy
    Thu, 11 Nov 2010 07:15:00 -0800
    Say what you will about helicopters and printing presses, the Fed's headman is giving the market just what it needs. I want China and commodities.
  • Ireland says surge in borrowing costs "very serious"
    Thu, 11 Nov 2010 07:14:53 -0800
    DUBLIN (Reuters) - Ireland warned on Thursday that a surge in its borrowing costs to record highs had become "very serious" and the EU said it was ready to act should the humbled former "Celtic...


  • Wal-Mart ups the ante with free shipping offer
    Thu, 11 Nov 2010 07:11:21 -0800
    Wal-Mart announced free online shipping Thursday on 60,000 holiday items with no minimum purchase required, a significant move that's likely to rattle its competitors in the crucial year-end sales race to Christmas.
  • Wall St tumbles at open on Cisco outlook
    Thu, 11 Nov 2010 07:10:27 -0800
    NEW YORK (Reuters) - U.S. stocks dropped at the opening on Thursday, with the Nasdaq falling more than 2 percent and the S&P 500 down 1 percent after a dismal outlook from Cisco Systems Inc .
  • Investment Dar Proposes Terms to Pay $5 Billion
    Thu, 11 Nov 2010 07:10:00 -0800
    Investment Dar Co., the Kuwait-based owner of half of Aston Martin Lagonda Ltd. the maker of luxury sports cars popularized in James Bond movies, proposed terms on a restructuring plan to pay 1.4 billion dinars ($5 billion) to creditors, according to a document obtained by Bloomberg.
  • JJB sales growth below forecasts
    Thu, 11 Nov 2010 07:09:31 -0800
    JJB Sports says sales are growing by less than expected - despite increased marketing - as the retail climate weakens.
  • MetLife Halts Sale of New Long-Term Care Insurance
    Thu, 11 Nov 2010 07:09:00 -0800
    MetLife Inc., the largest U.S. life insurer, will halt the sale of new long-term care coverage after citing “financial challenges” in the business.
  • US stocks decline; Cisco shares plunge 16 pct
    Thu, 11 Nov 2010 07:08:16 -0800
    U.S. stocks declined in early trade on Thursday with tech stocks particularly remaining weak as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.
  • Outlook fears hammer Cisco shares
    Thu, 11 Nov 2010 07:07:53 -0800
    Shares in Cisco Systems fall sharply following disappointing results and fears about the outlook for the IT networking giant.
  • Cisco shares plummet, sink broader market
    Thu, 11 Nov 2010 07:07:40 -0800
    BANGALORE (Reuters) - Tech bellwether Cisco Systems lost 17 percent of its market value in frenzied trading on Thursday, a day after a gloomy revenue outlook left investors jittery, and some...


  • Spacey software engineering
    Thu, 11 Nov 2010 07:07:18 -0800
    Developer and two-time space tourist Charles Simonyi has a far-out plan to change the way software is made.
  • MetLife to stop selling Long-Term Care Insurance
    Thu, 11 Nov 2010 07:03:11 -0800
    MetLife Inc., the largest life insurer in the U.S., said it plans to discontinue the sale of new Long-Term Care Insurance (LTCI) coverage next year, citing ongoing financial challenges facing the LTCI industry.
  • Goldman Loses Conviction On Boeing But Not Its $88 Price Target
    Thu, 11 Nov 2010 07:03:01 -0800
    Boeing is knocked off of Goldman Sach's elite 'conviction buy' list but the firm still loves the stock.
  • Ten Questions For Gerald J. Ford
    Thu, 11 Nov 2010 07:00:00 -0800
    The Texas farmer's son and self-made banking billionaire shares his advice for success.
  • Incorrigible: Fannie Mae and Freddie Mac Must Go
    Thu, 11 Nov 2010 06:55:57 -0800
    It's another problem we have that seems almost impossible to solve - at least not quickly. How does
  • Cisco's Caution Slams Stocks
    Thu, 11 Nov 2010 06:50:03 -0800
    Tech bellweather's lean guidance a driving factor behind market's 1% drop as G20 meets in South Korea.
  • Oil prices touch 25-month high on US data
    Thu, 11 Nov 2010 06:45:41 -0800
    Oil rallied to its highest in more than two years on Thursday on reports that major oil consumers may use more of it next year. Oil rose despite a strong dollar on the day, which analysts largely attributed to the latest demand-supply equations of the commodity.
  • Wall Street tumbles at open on Cisco outlook
    Thu, 11 Nov 2010 06:44:19 -0800
    NEW YORK (Reuters) - U.S. stocks dropped at the opening on Thursday, with the Nasdaq falling more than 2 percent and the S&P 500 down 1 percent after a dismal outlook from Cisco Systems Inc .


  • October foreclosures fall as processing stalls
    Thu, 11 Nov 2010 06:33:45 -0800
    WASHINGTON (Reuters) - The number of U.S. homes taken over by banks fell 9 percent in October as foreclosure processing was stalled by questionable paperwork, real estate data company RealtyTrac said...


  • "Jersey Shore" lifts Viacom profit
    Thu, 11 Nov 2010 06:23:42 -0800
    NEW YORK (Reuters) - Viacom Inc's quarterly results topped Wall Street expectations, helped by its cable networks such as MTV, which benefited from the popularity of its hit show "Jersey Shore."


  • Viacom Gets Lift From Earnings Beat, Selling 'Rock Band' Business
    Thu, 11 Nov 2010 06:23:00 -0800
    Results top views and shares jump in premarket trading.
  • Mary Portas at Travelex
    Thu, 11 Nov 2010 06:16:51 -0800
    Shop! Mary Portas is transported into a fury by Travelex
  • G20 grapples with formula to ease currency strains
    Thu, 11 Nov 2010 06:03:40 -0800
    SEOUL (Reuters) - The Group of 20 labored on Thursday to agree how to put the world economy on a sounder footing as renewed fears over Ireland's ability to pay its debts underscored the lingering...


  • Top Pre-Market NASDAQ Losers (CSCO, MITI, SOLF, RINO, ASTI)
    Thu, 11 Nov 2010 05:58:41 -0800
    The top pre-market NASDAQ stock market losers are: Cisco Systems, Micromet, Solarfun Power Holdings, RINO International, Ascent Solar Technologies, Cavium Networks, Limelight Networks, Clean Energy Fuels, Altera, and CoStar Group.
  • Top Pre-Market NASDAQ Gainers (GRRF, DNDN, GERN, AONE, TIVO)
    Thu, 11 Nov 2010 05:58:30 -0800
    The top pre-market NASDAQ stock market gainers are: China GrenTech, Dendreon, Geron, A123 Systems, TiVo, Foster Wheeler, DryShips, Approach Resources, and Hudson City Bancorp.
  • Biggest drop in Britain's wealth for 60 years
    Thu, 11 Nov 2010 05:49:24 -0800
    Worst recession on record eliminated jobs and curbed spending, the Office for National Statistics said.
  • IFS tax reforms raise fears for small business
    Thu, 11 Nov 2010 05:46:48 -0800
    The Institute for Fiscal Studies' prosposals to overhaul Britain's tax system provoke worries over their impact on small businesses.
  • Ireland has made no request for help
    Thu, 11 Nov 2010 05:41:13 -0800
    Ireland has not made any request for financial assistance from the European Union, the executive European Commission said on Thursday, but said it had instruments in place to help if Ireland needed.
  • Biofuel worse for climate than fossil fuel - study
    Thu, 11 Nov 2010 05:40:58 -0800
    BRUSSELS (Reuters) - European plans to promote biofuels will drive farmers to convert 69,000 square km of wild land into fields and plantations, depriving the poor of food and accelerating climate change, a report by green groups warned.
  • Parsvnath wins Delhi land bid for 16.5 bln rupees
    Thu, 11 Nov 2010 05:40:48 -0800
    NEW DELHI/MUMBAI (Reuters) - Realtor Parsvnath Developers won the bid for a 38.3-acre (15.50 hectares) land in New delhi auctioned by Rail Land Development Authority (RLDA) for 16.51 billion rupees, a spokesman said on Thursday.
  • Jubilant sees new contracts, launches boost growth
    Thu, 11 Nov 2010 05:40:38 -0800
    MUMBAI (Reuters) - Jubilant Life Sciences Ltd, which saw consolidated net profit jump 42 percent in July-Sept on Thursday, said capacity increases, new contracts and product launches will drive growth in the second half.

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