Tuesday, November 9, 2010

Business News -09 Nov 2010

  • Top Pre-Market NASDAQ Losers (MBLX, SNTS, CSKI, ENOC, CHBT)
    Tue, 09 Nov 2010 06:50:07 -0800
    The top pre-market NASDAQ stock market losers are: Metabolix, Santarus, China Sky One Medical, EnerNOC, China-Biotics, Solarfun Power Holdings, Alphatec Holdings, Zhongpin, Qiagen, and First United.
  • The Best Way to Nurture Your Relationship with Your Husband? Sex, of course!
    Tue, 09 Nov 2010 06:41:45 -0800
    ?? During a recent Success with Moira Forbes interview, Lisa Oz, wife of the wildly popular, telege
  • Stocks Swirl After Chevron, Sara Lee Cut Deals
    Tue, 09 Nov 2010 06:35:00 -0800
    Oil producer makes natural gas acquisition, food company sells bakery unit.
  • Chevron goes Exxon way; to buy Atlas Energy for $4.3 bln
    Tue, 09 Nov 2010 06:33:19 -0800
    California-based Chevron said it will buy natural gas producer Atlas Energy Inc. in a $4.3 billion deal to gain attractive natural gas resource positions in southwestern Pennsylvania's Marcellus Shale.
  • Wall St set to rise on M&A, earnings
    Tue, 09 Nov 2010 06:33:13 -0800
    NEW YORK (Reuters) - U.S. stocks were set for a higher open on Tuesday as mergers and acquisitions activity and strong corporate earnings looked to extend a recent rally that has driven indexes to...


  • Cameron's China visit 'fruitful'
    Tue, 09 Nov 2010 06:32:28 -0800
    The Chinese premier calls David Cameron's trade mission to China "fruitful", but pressure to raise human rights questions is growing.
  • Close Read: Keith Olbermann's Anti-Apology
    Tue, 09 Nov 2010 06:29:26 -0800
    Keith Olberman's statement to viewers is a classic "Sorry you got so bent out of shape after I ran o
  • Conan O’Brien Posts ‘Strong’ Rating in Late-Night Debut on TBS
    Tue, 09 Nov 2010 06:29:19 -0800
    Conan O’Brien, who left NBC’s “The Tonight Show” in January, generated a preliminary 2.8 rating in his return to late-night television on TBS, the Time Warner Inc. cable network.
  • JPMorgan Reprises Perfect Trading Record in the Third Quarter
    Tue, 09 Nov 2010 06:29:01 -0800
    JPMorgan Chase & Co. racked up a perfect trading record for the second time this year, making money every day last quarter after accomplishing the same feat in the first three months of 2010.
  • Oil Supply Rises in Survey, Threatening Rally: Energy Markets
    Tue, 09 Nov 2010 06:29:00 -0800
    U.S. crude-oil inventories probably increased to the highest level in 18 months, threatening a rally in futures prices, as refineries idled units because of lower profit margins, a Bloomberg News survey showed.
  • U.S. growth outlook broadly unchanged after QE2
    Tue, 09 Nov 2010 06:27:47 -0800
    NEW YORK (Reuters) - The U.S. economy is expected to grow only modestly through next year, despite the Federal Reserve's pledge to buy another $600 billion of government bonds and better signs in the...


  • Cold? Flu? Social Mediaitis?
    Tue, 09 Nov 2010 06:27:01 -0800
    It's time to start bracing for another cold and flu season here in North America. But, with all this
  • Goldman, Natixis Settle U.K. Lawsuit Over Credit Default Swaps
    Tue, 09 Nov 2010 06:27:00 -0800
    Goldman Sachs Group Inc. and Natixis SA reached an agreement to settle a London lawsuit over the termination of credit-default swaps after a delay in the trial that was to begin today.
  • Qantas reviews way it runs A380s in engine probe
    Tue, 09 Nov 2010 06:24:25 -0800
    LONDON/SYDNEY (Reuters) - Qantas Airways is reviewing the way it operates its A380s after last week's engine blowout, a source said on Tuesday, amid reports the carrier worked its Rolls-Royce ...


  • Rousseff Losing Traders’ Confidence, Rates Show: Brazil Credit
    Tue, 09 Nov 2010 06:22:00 -0800
    Dilma Rousseff has deepened bond traders’ inflation concerns in her first eight days as president-elect of Brazil, futures trading shows.
  • Dean Foods, Fossil, Range Resources, Yahoo: U.S. Equity Preview
    Tue, 09 Nov 2010 06:22:00 -0800
    Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 8:45 a.m. in New York unless stated otherwise.
  • How to pick stocks: Don't buy just one
    Tue, 09 Nov 2010 06:18:17 -0800
    Question: I'm a recent college grad with a steady job. Now that I've saved some money I want to invest. I've opened an online brokerage account, but the problem is I have no idea how to pick a stock. Where do I start? -- Celia, New York, N.Y.
  • Unilever's Tricks For Gathering, Applying Consumer Insight
    Tue, 09 Nov 2010 06:17:29 -0800
    Marketers can be their own best focus group.
  • Post Office to offer new services
    Tue, 09 Nov 2010 06:15:14 -0800
    Post Offices will open for longer and allow customers to access their bank accounts, as part of plans to try to safeguard their future.
  • Obama Says Expanding Indonesia Trade Is Crucial for U.S. Jobs
    Tue, 09 Nov 2010 06:14:04 -0800
    U.S. President Barack Obama trumpeted Indonesia’s growing economic and strategic clout, saying trade between both nations is critical to creating jobs at home, just hours after the White House announced he’ll cut short the trip to his boyhood home to avoid volcanic ash from Mount Merapi.
  • Top Pre-Market NASDAQ Gainers (ATLS, FALC, MRGE, LLNW, TTGT)
    Tue, 09 Nov 2010 06:13:42 -0800
    The top pre-market NASDAQ stock market gainers are: Atlas Energy, Falconstor Software, Merge Healthcare, Limelight Networks, TechTarget, Seahawk Drilling, priceline.com, Fossil, Immunomedics, and Ascent Solar Technologies.
  • Get your shots without any needles
    Tue, 09 Nov 2010 06:13:23 -0800
    If you're dreading your next flu shot, here's good news: Needle-free injection technology could be coming to a health clinic near you.
  • Sara Lee profit misses, sells bread unit to Bimbo
    Tue, 09 Nov 2010 06:10:24 -0800
    NEW YORK (Reuters) - Sara Lee Corp reported a lower-than-expected quarterly profit due to higher commodity costs and other spending and said it would sell its North American bakery business to...


  • GM lays off Mr. Goodwrench
    Tue, 09 Nov 2010 06:08:40 -0800
    General Motors has given the tall, hunky Mr. Goodwrench his walking papers, announcing it would drop the Goodwrench name on its dealership auto service and repair programs.
  • Google Fasterer!
    Tue, 09 Nov 2010 06:05:49 -0800
    Google is introducing a powerful new feature for its search results page: A look at the page it reco
  • Big banks set to pay more into FDIC fund
    Tue, 09 Nov 2010 06:04:06 -0800
    WASHINGTON (Reuters) - Large banks would be required to pay more into the government fund used to cover the cost of seizing failed banks, according to a regulatory staff proposal released on Tuesday.


  • Chevron enters Marcellus with $3.2 billion Atlas buy
    Tue, 09 Nov 2010 06:00:56 -0800
    NEW YORK (Reuters) - Chevron Corp will buy U.S. natural gas producer Atlas Energy for $3.2 billion, excluding debt, giving the oil company a key stake in the fast-growing Marcellus shale field.


  • Recession's casualty: Charity
    Tue, 09 Nov 2010 05:55:07 -0800
    As the recession whacked the economy, charitable giving by even the wealthiest Americans took a substantial hit, according to a study released Tuesday.
  • Energy in 2035: China and oil dominate
    Tue, 09 Nov 2010 05:54:00 -0800
    China will continue lead the charge as the No. 1 energy consumer over the next quarter-century, and oil will remain the dominant fuel despite huge investment in alternatives, according to a International Energy Agency report released Tuesday.
  • Stocks poised for early gains
    Tue, 09 Nov 2010 05:52:52 -0800
    U.S. stocks were set to open with slight gains Tuesday, as gold prices hit another intraday record amid a weaker dollar. But with little to propel stocks in either direction, trading could be choppy.
  • More Immigrants Needed, But Not In The US
    Tue, 09 Nov 2010 05:46:36 -0800
    The Big 4 audit firms are not speaking out about potential immigration reform in the US. Given the
  • Goldman, Natixis close to settling UK court case
    Tue, 09 Nov 2010 05:32:45 -0800
    LONDON (Reuters) - Wall Street heavyweight Goldman Sachs and French rival Natixis were close to settling a London court case on Tuesday over a bond deal that highlights a rising tide of financial...


  • ONGC eyes Vietnam's PV Gas auction - sources
    Tue, 09 Nov 2010 05:20:36 -0800
    HONG KONG/HANOI (Reuters) - Thailand's PTT and global private equity firms are lining up to bid for a 15-20 percent stake in Vietnam's state-owned Petro Vietnam Gas Corp (PV Gas) in an auction estimated to be worth about $600 million.
  • United Tech targets $2.5 bln India revenue by 2015
    Tue, 09 Nov 2010 05:20:26 -0800
    NEW DELHI (Reuters) - Diversified U.S. manufacturer United Technologies Corp expects to grow its India revenue by 20 percent this year from about $500 million in 2009 and has set a 2015 target of $2.5 billion, its chairman said on Tuesday.
  • Gold hits record high on euro zone debt fears
    Tue, 09 Nov 2010 05:15:46 -0800
    LONDON (Reuters) - Gold surged to a record high for the fourth day running on Tuesday, fueled by renewed concern over high sovereign debt in euro zone countries such as Ireland and Greece and...


  • Safety Data Worsens For Arena's Obesity Drug
    Tue, 09 Nov 2010 05:10:52 -0800
    New data raise safety worries about lorcaserin.
  • Essar preferred bidder for 60 pct of Zimbabwe ZISCO
    Tue, 09 Nov 2010 05:10:28 -0800
    MUMBAI (Reuters) - Essar Africa Holdings Ltd, an arm of the Essar group, said on Tuesday it has emerged as the preferred bidder for a 60 percent stake in Zimbabwe's ZISCO.
  • Chinese Investors Blow Bubbles In Hong Kong
    Tue, 09 Nov 2010 05:05:08 -0800
    Is China's international financial center inheriting a bubble in property prices?
  • Global smart card market to hit $6.6 bln by 2015
    Tue, 09 Nov 2010 04:54:03 -0800
    The total global smart card market is expected to be worth $6.6 billion by 2015, out of which the telecommunication sector will account for 53.8 percent of the total revenues, according to a report published by MarketsandMarkets.
  • Obama: G20 needs to ensure balanced global economy
    Tue, 09 Nov 2010 04:50:28 -0800
    JAKARTA (Reuters) - U.S. President Barack Obama said on Tuesday he had discussed with Indonesian President Susilo Bambang Yudhoyono the need for the Group of 20 nations to ensure a balanced global economy.
  • United Tech chairman targets $2.5 bln India revenue by 2015
    Tue, 09 Nov 2010 04:40:38 -0800
    NEW DELHI (Reuters) - Diversified U.S. manufacturer United Technologies Corp expects to grow its India revenue by a fifth from about $500 million in 2009 and has set a target of achieving $2.5 billion in revenue by 2015, its chairman said on Tuesday.
  • Qantas reviews way it runs A380s in engine probe
    Tue, 09 Nov 2010 04:40:26 -0800
    LONDON/SYDNEY (Reuters) - Qantas Airways is reviewing the way it operates its A380s after last week's engine blowout, a source said on Tuesday, amid reports the carrier worked its Rolls-Royce engines harder than rivals.
  • Ministers scrap plans for state-backed Post Office Bank
    Tue, 09 Nov 2010 04:35:30 -0800
    The Government has decided against setting up a state-backed Post Office Bank because it would be too time-consuming and expensive, ministers announced today.
  • Tyco Q4 profit surpasses Street on higher revenues
    Tue, 09 Nov 2010 04:26:19 -0800
    Tyco International Ltd (TYC), which provides security, fire protection, safety and tubing equipment, reported better-than-expected quarterly profit as strong sales of security system equipment and protective gears boosted revenue.
  • Gold breaches $1,400 for the first time
    Tue, 09 Nov 2010 04:10:34 -0800
    Gold closed at a record high of more than $1,410 in Hong Kong on Tuesday.

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