Friday, December 3, 2010

Business News - 03 December 2010

  • The Twitter Ambassador Dino Patti Djalal
    Fri, 03 Dec 2010 07:00:00 -0800
    Jakarta sends a man of many interests to Washington.
  • US jobless hits seven-month high
    Fri, 03 Dec 2010 06:58:44 -0800
    The US unemployment rate rose to 9.8% in November, the highest rate since April, the Labor Department says.
  • US stocks open lower after jobs data
    Fri, 03 Dec 2010 06:55:22 -0800
    U.S. stocks declined in early trade on Friday as weaker-than-expected monthly non-farm payrolls and unemployment data weighed on the sentiment.
  • Citigroup Hires Former U.S. Commerce Secretary Carlos Gutierrez
    Fri, 03 Dec 2010 06:50:01 -0800
    Citigroup Inc., the bank 11 percent- owned by U.S. taxpayers, hired former Commerce Secretary Carlos Gutierrez as vice chairman of its institutional clients group.
  • 9.8% Unemployment Rate Depresses Markets
    Fri, 03 Dec 2010 06:50:00 -0800
    The Labor Department's jobs report Friday showed that less people had found jobs in November than expected, investors respond with caution.
  • Washington Post School’s Former Dean Alleges Fraud
    Fri, 03 Dec 2010 06:48:01 -0800
    A former dean of Washington Post Co.’s Kaplan higher education unit alleged the company engaged in fraudulent activities to get U.S. student aid as he defended himself against criminal cyber-harassment charges in a federal jury trial under way in Chicago.
  • Stocks slide after disappointing jobs report
    Fri, 03 Dec 2010 06:45:40 -0800
    Stock opened lower Friday after a government report showed that U.S. job growth in November was much slower than expected.
  • U.S. Unemployment Climbs to 9.8%
    Fri, 03 Dec 2010 06:45:03 -0800
    Employers added fewer jobs than forecast in November and the unemployment rate unexpectedly increased, underscoring the Federal Reserve’s decision to pump more money into the economy to spur growth.
  • ECB Bond Buying Triggers Biggest Drop in Debt Risk Since May
    Fri, 03 Dec 2010 06:45:02 -0800
    The cost of insuring against losses on European corporate bonds fell for a third day after the European Central Bank increased government bond purchases to stem “acute” tensions in financial markets.
  • Stocks, Dollar Fall After Jobs Data; Gold, Treasuries Advance
    Fri, 03 Dec 2010 06:40:02 -0800
    Stocks fell, with the Standard & Poor’s 500 Index snapping a two-day rally, and the dollar weakened after America added fewer jobs than forecast and the unemployment rate unexpectedly increased. Gold and U.S. Treasuries rose, while Irish and Portuguese bonds gained.
  • Building A Big Telecom
    Fri, 03 Dec 2010 06:40:00 -0800
    Maxis dominates in Malaysia, but Chief Executive Sandip Das is playing catch-up in India and Indonesia.
  • Delta Looks at Airbus A320 for Boeing-Dominated Fleet
    Fri, 03 Dec 2010 06:39:23 -0800
    Delta Air Lines Inc. will weigh adding a more fuel-efficient version of Airbus SAS’s narrow-body A320 to its fleet, historically dominated by Boeing Co. jets.
  • Royal Bank of Canada Profit Falls; Scotiabank Rises
    Fri, 03 Dec 2010 06:39:03 -0800
    Royal Bank of Canada said fourth- quarter profit unexpectedly fell, missing analysts’ expectations for the fifth-straight period, while smaller rival Bank of Nova Scotia reported earnings that topped estimates.
  • Job recovery takes a step back
    Fri, 03 Dec 2010 06:38:08 -0800
    The economy continued to add jobs last month, but at a much slower pace than expected, while the unemployment rate rose to 9.8%. U.S. employers added 39,000 jobs to their payrolls in November, the Labor Department reported Friday. That marks a major slowdown from October, when the economy added an upwardly revised 172,000 jobs.
  • Unemployment Rate Hits 9.8% Knocking Stocks Lower
    Fri, 03 Dec 2010 06:36:47 -0800
    Job creation comes in way below expectations forcing markets to reevaluate recent bullish data.
  • Special Report: What did you do in the ETF war, daddy?
    Fri, 03 Dec 2010 06:35:23 -0800
    BOSTON (Reuters) - Gus Sauter, Vanguard Group's chief investment officer, vividly recalls the first time he proposed exchange-traded funds to his boss.

  • Bond Sales Near 5-Year High as BABs Deadline Looms: Muni Credit
    Fri, 03 Dec 2010 06:35:01 -0800
    U.S. states’ and municipalities’ scheduled debt sales approached the highest since 2005 this week as issuers seek to take advantage of the federally subsidized Build America Bond program before its potential year-end expiry.
  • EUR/USD breaks above 100-day SMA , aims key 1.3446 post-weak US jobs data
    Fri, 03 Dec 2010 06:29:25 -0800
    Weaker-than-expected US jobs data helped the EUR/USD break above its 100-day SMA and pair is now heading toward key long-term resiatnce of 1.3446 (R1 on daily chart).
  • Futures fall off 2-year highs after payrolls data
    Fri, 03 Dec 2010 06:14:54 -0800
    NEW YORK (Reuters) - Stock index futures fell from more than two-year highs on Friday, pointing to a slide at the open after a weaker-than-expected payrolls report indicated an economic recovery was...

  • Payrolls barely rise, jobless rate jumps
    Fri, 03 Dec 2010 06:14:15 -0800
    WASHINGTON (Reuters) - U.S. employment barely grew in November and the jobless rate unexpectedly jumped to a seven-month high, hardening views the Federal Reserve would stick to its $600 billion plan...

  • Top Pre-Market NASDAQ Losers (SMT, OREX, CWTR, PWAV, REDF)
    Fri, 03 Dec 2010 06:08:05 -0800
    The top pre-market NASDAQ stock market losers are: Smart Technologies, Orexigen Therapeutics, Coldwater Creek, Powerwave Technologies, Rediff.com India, Ku6 Media, SPS Commerce, Aruba Networks, Huntington Bancshares, and Marvell Technology Group.
  • UK services sector warning as growth slows
    Fri, 03 Dec 2010 06:05:46 -0800
    UK businesses have warned of a worrying lack of consumer demand before the key Christmas trading period, as official figures showed a slowdown in growth in the services sector.
  • Senate to take symbolic votes on taxes Saturday
    Fri, 03 Dec 2010 06:03:58 -0800
    WASHINGTON (Reuters) - The Senate will vote on two Democratic options to extend some Bush-era tax cuts on Saturday, its Democratic leader said, measures likely to fail but highlight deep ideological...

  • Qualcomm profit view lowered at Oppenheimer
    Fri, 03 Dec 2010 06:03:57 -0800
    Oppenheimer has lowered its fiscal 2011 earnings forecast for chip maker Qualcomm, saying that margins at the company's CDMA unit will decline to drive share gains.
  • Unemployment Rate Rises to 9.8%
    Fri, 03 Dec 2010 06:03:20 -0800
    Weak jobs report likely to boost arguments to keep Bush-era tax cuts in place for all Americans.
  • Deficit panel ideas to lack needed support: Conrad
    Fri, 03 Dec 2010 06:02:08 -0800
    WASHINGTON (Reuters) - Recommendations of a deficit-reduction commission appointed by President Barack Obama will not win enough support from its members to force quick action by Congress to carry...

  • Apple's iOS share up 216%
    Fri, 03 Dec 2010 06:00:54 -0800
    But the overall picture is still more than 90% Microsoft Windows blue.
  • The Chinese Sweet Spot
    Fri, 03 Dec 2010 06:00:00 -0800
    Sino-centric Asian growth is key for LVMH.
  • Master of the Brand: Bernard Arnault
    Fri, 03 Dec 2010 06:00:00 -0800
    LVMH is the story of one man's grand reach--geographically, stylistically and in corporate acquisition.
  • US futures decline after jobs data
    Fri, 03 Dec 2010 05:56:58 -0800
    Futures on major U.S. stock indices point to lower on Friday after a government report showed that the unemployment rate unexpectedly increased in November.
  • Big Lots Q3 profit misses Street, cuts Q4 outlook
    Fri, 03 Dec 2010 05:52:02 -0800
    BANGALORE (Reuters) - Close-out retailer Big Lots Inc posted a lower-than expected quarterly profit, and the company cut its outlook for the crucial holiday quarter, in the face of strong...

  • Europe agrees offshore power grid
    Fri, 03 Dec 2010 05:46:08 -0800
    Ministers from 10 European countries have agreed to an new offshore electricity grid for trade and wind farms.
  • Top Pre-Market NASDAQ Gainers (ASCMA, CISG, PMCS, CONN, HTCH)
    Fri, 03 Dec 2010 05:43:05 -0800
    The top pre-market NASDAQ stock market gainers are: Ascent Media, Cninsure, PMC-Sierra, Conn's, Hutchinson Technology, VIVUS, DryShips, Power-One, and Yongye International.
  • Soft Jobs Figure Halts Run Of Upbeat Data
    Fri, 03 Dec 2010 05:40:00 -0800
    Labor Department says U.S. added just 39k jobs in November. Unemployment rises to 9.8%.
  • Trade min eyes EU trade deal by mid-2011
    Fri, 03 Dec 2010 05:30:26 -0800
    NEW DELHI (Reuters) - India hopes to conclude a free trade deal with the European Union in the first half of 2011, if not earlier, Trade Minister Anand Sharma said on Friday.
  • China's Rise: A Shift in Global Influence
    Fri, 03 Dec 2010 05:20:00 -0800
    Countering China's rise.
  • Walter Energy seals $3.3 billion Western Coal buy
    Fri, 03 Dec 2010 05:19:26 -0800
    LONDON (Reuters) - U.S.-based mining group Walter Energy Inc is to buy Canada's Western Coal for C$3.3 billion ($3.3 billion) to create one of the largest producers of steel-making metallurgical...

  • London Metal Exchange: a history
    Fri, 03 Dec 2010 05:18:42 -0800
    How the London Metal Exchange, which can be traced back to the reign of Elizabeth I, became the global centre of metals trading.
  • Debt plan draws 10th vote after liberal joins
    Fri, 03 Dec 2010 05:17:41 -0800
    President Obama's debt commission has drawn a surprising level of support ahead of its final meeting on Friday, as a liberal Democrat has said he will vote for its controversial plan to slash $4 trillion in federal debt.
  • Rupee hits 3-week high on broad dlr drop
    Fri, 03 Dec 2010 05:10:26 -0800
    MUMBAI (Reuters) - The rupee strengthened to a three-week high on Friday boosted by broad losses in the dollar versus major currencies, while hopes for sustained foreign fund buying of domestic shares also aided.
  • Black Friday: Where you spent
    Fri, 03 Dec 2010 05:01:07 -0800
    Which stores got shoppers to open up their wallets most this year? Mint.com looked at more than 200,000 users who made purchases at 7 big discount and luxury retailers.
  • Education Reform: Where Lower Teacher Pay and Reduced Job Security Have Produced Surprising Results
    Fri, 03 Dec 2010 05:00:45 -0800
    Everyone knows that education reform in America hinges on paying teachers higher salaries, right? Ma
  • Readers Say
    Fri, 03 Dec 2010 05:00:00 -0800
    Recently in Forbes Asia magazine.
  • Study Of "Settlement Mills" Shows Insurers Like Them
    Fri, 03 Dec 2010 04:39:45 -0800
    "Settlement mill" law firms work because insurance companies like to deal with them.
  • US futures hold tight ahead of payrolls data
    Fri, 03 Dec 2010 04:38:08 -0800
    Futures on major U.S. stock indices remained range-bound on Friday as investors await for key U.S. monthly non-farm payrolls and unemployment data from the government.

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