Monday, November 15, 2010

Business News -15 November 2010

  • Specter of Irish bailout looms
    Mon, 15 Nov 2010 07:21:07 -0800
    Europe's sovereign debt crisis is flaring up again and Ireland, the center of focus this time around, is pushed closer to needing a bailout.
  • US stocks advance in early trade
    Mon, 15 Nov 2010 07:16:55 -0800
    Stocks on major U.S. indices opened higher as takeovers and faster-than-estimated growth in retail sales fueled optimism in the economy.
  • Special Report: Was a Houston energy trader a one-woman Enron?
    Mon, 15 Nov 2010 07:14:08 -0800
    HOUSTON (Reuters) - By the standards of recent financial scandals, Stephanie Rae Roqumore's alleged $6.8 million natural gas trading scam may be small potatoes, but it raises some big questions.

  • Caterpillar buying Bucyrus in big bet on mining
    Mon, 15 Nov 2010 07:12:08 -0800
    DETROIT/NEW YORK (Reuters) - Heavy equipment maker Caterpillar Inc set the largest deal in its history on Monday, saying it would buy Bucyrus International Inc for $7.6 billion, accelerating its...

  • Lowe's sheds light on margin drivers; shares rise
    Mon, 15 Nov 2010 07:11:22 -0800
    NEW YORK (Reuters) - Home improvement chain Lowe's Cos shed light on its efforts to increase margins and market share amid sluggish sales growth, sending its shares higher.

  • Noonan 'concerned' over Irish debt
    Mon, 15 Nov 2010 07:11:04 -0800
    The finance spokesman for Fine Gael, Michael Noonan told the BBC he is alarmed by the current situation in Ireland.
  • Olbermann Has MSNBC Over a Barrel and They Know It
    Mon, 15 Nov 2010 07:09:36 -0800
    If you've been following the saga of Keith Olbermann and his insurrection at MSNBC, you're going to
  • Card delinquencies fall as outlook improves
    Mon, 15 Nov 2010 07:08:38 -0800
    NEW YORK (Reuters) - Major credit-card lenders reported lower delinquency rates on Monday, as fewer Americans fell behind on payments, in another sign that the economic recovery is gaining momentum.

  • Motorola eyes split into two in January
    Mon, 15 Nov 2010 07:08:16 -0800
    NEW YORK (Reuters) - Motorola Inc is aiming to separate the company into two separate entities as soon as January, according to Greg Brown, its co-chief executive.

  • Irish resisting bail-out pressure
    Mon, 15 Nov 2010 07:05:12 -0800
    The Irish Republic insists it does not need financial assistance from the EU amid speculation that a bail-out is increasingly likely.
  • Inventories at U.S. Companies Increase 0.9%, More Than Forecast
    Mon, 15 Nov 2010 07:04:01 -0800
    Inventories in the U.S. rose more than forecast in September as companies stocked shelves ahead of the holiday season.
  • Forecasters trim recovery expectations: Philly Fed
    Mon, 15 Nov 2010 07:01:52 -0800
    NEW YORK (Reuters) - The recovery in the U.S. economy and labor market is expected to be modestly slower in the fourth quarter than previously expected, according to a survey of forecasters released...

  • Small Business Picks Up, Preceding Fed’s Easy Money
    Mon, 15 Nov 2010 07:00:03 -0800
    Ultimate Golf Seating in Elkhart, Indiana, has hired five workers to expand its staff to 10 as orders increase for its custom-made golf-cart seats, which start at $745.
  • Tax cuts: What nobody is talking about
    Mon, 15 Nov 2010 06:58:36 -0800
    There will be a lot of noisy static between now and Thursday about possible compromises over the extension of the Bush tax cuts, which are set to expire Dec. 31.
  • Morgan Stanley Chicago Parking Makes Cities Redo Deals
    Mon, 15 Nov 2010 06:58:02 -0800
    Chicago’s agreement for a Morgan Stanley partnership to run its parking meters for 75 years, expected to cost drivers $11.6 billion, has Indianapolis, Pittsburgh and Los Angeles rethinking their own deals.
  • Stocks rise at the open
    Mon, 15 Nov 2010 06:49:15 -0800
    U.S. stocks started the week with early gains Monday, as investors digested two economic reports: one showed strength in retail sales, but optimism was muted by a dismal manufacturing report.
  • Medtronic, HeartWare Data Shows Heart-Failure Success
    Mon, 15 Nov 2010 06:49:02 -0800
    A device that synchronizes heart rhythm and a tiny pump that takes over when the beat falters are giving doctors fresh tools to fight heart failure, a disorder reaching epidemic levels among the elderly in the U.S.
  • Retail sales jump 1.2% in October
    Mon, 15 Nov 2010 06:46:11 -0800
    Retail sales rose for a fourth straight month in October, the government reported Monday, signaling that consumers are keeping their wallets open as the holiday shopping period approaches.
  • Stocks Gain on M&A, Retail Sales; Dollar, Irish Bonds Advance
    Mon, 15 Nov 2010 06:45:01 -0800
    Stocks rose, with U.S. benchmark indexes rebounding from the biggest weekly slump in three months, and the dollar gained as American retail sales increased more than forecast and more than $20 billion in takeovers boosted confidence. Treasuries declined and Irish bonds rallied.
  • Fast Start For U.S. Stocks On Merger Monday
    Mon, 15 Nov 2010 06:45:00 -0800
    Traders shake off last week's struggles after Caterpillar makes $8.6B deal, retail sales rise.
  • New York Region Manufacturing Contracts in November
    Mon, 15 Nov 2010 06:44:06 -0800
    Manufacturing in the New York region unexpectedly contracted in November for the first time in more than a year, a warning sign the industry that led the economy out of the recession may again be cooling.
  • Columbia’s Bollinger Paid Most of Ivy League Chiefs
    Mon, 15 Nov 2010 06:44:01 -0800
    Columbia University President Lee Bollinger was the Ivy League’s highest-paid president in 2008 at $1.75 million in total compensation, as 30 college leaders received more than $1 million in pay.
  • ToughGuy Competition Gets Praise As Original And Superior to Tough Mudder
    Mon, 15 Nov 2010 06:42:10 -0800
    Is ToughGuy a better competition than Tough Mudder?
  • CBI's £310,000-a-year boss named
    Mon, 15 Nov 2010 06:41:39 -0800
    The deputy director general of the CBI, John Cridland, has been named as the business group's new leader.
  • India_OES_index
    Mon, 15 Nov 2010 06:40:26 -0800
  • Wall Street rises on M&A, retail sales
    Mon, 15 Nov 2010 06:40:03 -0800
    NEW YORK (Reuters) - Stock indexes rose at the open on Monday after a pair of proposed multibillion dollar acquisitions and strong October retail sales offset a weak reading on New York manufacturing.

  • Top pre-market NASDAQ losers (THOR, MMYT, RINO, CDXS, BSPM)
    Mon, 15 Nov 2010 06:40:01 -0800
    The top pre-market NASDAQ stock market losers are: Thoratec, MakeMyTrip, RINO International, Codexis, Biostar Pharmaceuticals, Coleman Cable, BSD Medical, Limelight Networks, Kaman, and Akamai Technologies.
  • Take A Ride With CarMax
    Mon, 15 Nov 2010 06:39:55 -0800
    CarMax shares are soaring but the surging estimates should be enough to keep cautious investors inte
  • GM to unveil new Buick hybrid
    Mon, 15 Nov 2010 06:37:43 -0800
    General Motors will unveil a hybrid version of its popular Buick LaCrosse sedan this week at the Los Angeles Auto Show. But don't expect GM to call it a hybrid.
  • Ireland faces debt crisis talks, may seek bank aid
    Mon, 15 Nov 2010 06:35:35 -0800
    DUBLIN/VIENNA (Reuters) - Aid would be available for Ireland's banking sector or the state itself, a top European policymaker said on Monday after a report suggested Dublin could seek money for its...

  • The Prominent Philadelphia Businessman Working With Plaintiff Lawyers Against Big Banks
    Mon, 15 Nov 2010 06:31:23 -0800
    Raymond Perelman's Belmont Holdings has helped Robbins Geller Rudman & Dowd grab coveted lead co
  • Governors promise no tax hikes
    Mon, 15 Nov 2010 06:31:11 -0800
    Balancing state budgets these days is tough enough. But more than a dozen governors have promised to do it without raising taxes.
  • Top pe-market NASDAQ Gainers (BUCY, ISLN, MCCC, TSTC, HTWR)
    Mon, 15 Nov 2010 06:25:59 -0800
    The top pre-market NASDAQ stock market gainers are: Bucyrus International, Isilon Systems, Mediacom Communications, Telestone Technologies, Heartware International, GTSI, Amtech Systems, EDAP TMS, LJ International, and Joy Global.
  • Oklahoma's Sharia Problem is Every American's Problem
    Mon, 15 Nov 2010 06:14:49 -0800
    The fight about sharia law in Oklahoma demonstrates the difference between Muslims who happen to be
  • Retail sales jump on autos, building materials
    Mon, 15 Nov 2010 06:13:28 -0800
    WASHINGTON (Reuters) - Sales at U.S. retailers rose more than expected in October to post their largest gain in seven months, further evidence the economy was regaining strength.

  • JNJ's Solid Win
    Mon, 15 Nov 2010 06:06:42 -0800
    J&J's blood thinner performs well in a big trial, setting up a massive marketing battle.
  • Names You Need to Know in 2011: NeoStem
    Mon, 15 Nov 2010 05:35:10 -0800
    NeoStem CEO and physician Robin L. Smith thinks the time is right to encourage Americans to store th
  • Govt seeks extra net spend in FY11
    Mon, 15 Nov 2010 05:30:38 -0800
    NEW DELHI (Reuters) - The government's move to spend additional money in the current fiscal year ending in March failed to cheer the bond market on Monday in the face of the severe cash crunch in the banking system.
  • India gold seen extending gains to near record
    Mon, 15 Nov 2010 05:30:27 -0800
    MUMBAI (Reuters) - India gold futures are likely to extend gains for a fourth week to near record levels on firm overseas markets, where safe haven buying emerged on concerns over euro zone sovereign debt levels and physical demand. The most-traded gold contract for December delivery on the Multi Commodity Exchange was trading 0.11 percent higher at 20,156 rupees per 10 grams at 6:16 p.m. The contract had gained 3.5 percent in the previous three weeks.
  • Republican group to urge Fed to drop QE2: report
    Mon, 15 Nov 2010 05:25:25 -0800
    LONDON (Reuters) - A group of Republican-leaning economists will launch a campaign this week calling on U.S. Federal Reserve Chairman Ben Bernanke to drop his plan to buy $600 billion more in...

  • Caterpillar buys Bucyrus to double down on mining
    Mon, 15 Nov 2010 05:20:26 -0800
    DETROIT (Reuters) - U.S. heavy equipment maker Caterpillar Inc said it would acquire Bucyrus International Inc for $8.6 billion, including assumed debt, accelerating its expansion in mining products.
  • UK economy may need more stimulus, says Bank of England's Martin Weale
    Mon, 15 Nov 2010 05:19:48 -0800
    The Bank of England should provide another boost to the UK economy if ouput stays below trend as expected, according to one of its senior policymakers.
  • Small businesses target £1.68bn in supplier savings
    Mon, 15 Nov 2010 05:15:52 -0800
    Business owners target energy, telecommunications and other utility services in the search for savings as they anticipate a trickle down effect from the Government's drive to pressure its biggest suppliers to produce cash rebates.
  • Japan's surprise growth spurt prompts warning from economists
    Mon, 15 Nov 2010 05:08:51 -0800
    Japan announced higher than expected economic growth, but economists warned that the nascent recovery would be short lived.
  • Caterpillar paying $7.6 bln for rival Bucyrus
    Mon, 15 Nov 2010 05:07:54 -0800
    Caterpillar Inc., which makes earthmoving machinery, agreed to buy rival Bucyrus International for a total of $7.6 billion, or $92 per share, in cash to boost its presence in the mining equipment industry.

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