| |
|
| |
| Daily News >> Finance & Business |
| |
|
1. Kia recalls tied to electrical issue
(Investor's Business Daily)
Investor's Business Daily - The South Korean automaker is recalling 56,000 cars, the Soul and Sorento, sold in the U.S. and South Korea, because of defective wiring harnesses that could cause fires. Kia Motors said some harnesses made by Johnson Controls for lighting in '10 model-year Soul cars and 2011 model-year Sorento SUVs were improperly soldered, leading to possible electrical shorts. Kia's Soul sales had more than doubled through Aug. in the U.S. to nearly 44,000 units.
Updated: Fri, 03 Sep 2010 22:31:00 GMT
|
2. BP: Crews lifting device from Gulf face delay
(AP)
AP - A crane hoisted a key piece of oil spill evidence to the surface of the Gulf of Mexico on Saturday, giving investigators their first chance to personally scrutinize the blowout preventer, the massive piece of equipment that failed to stop the gusher four months ago.
Updated: Sun, 05 Sep 2010 02:41:22 GMT
|
3. Obama planning new package of economic aid
(AP)
AP - Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.
Updated: Fri, 03 Sep 2010 19:44:53 GMT
|
4. Exclusive: American Apparel in talks with restructuring firm
(Reuters)
Reuters - Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday.
Updated: Sat, 04 Sep 2010 01:38:15 GMT
|
5. MGIC added $1.2B in mortgage coverage in August
(AP)
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.
Updated: Fri, 03 Sep 2010 18:50:41 GMT
|
6. Petrobras sells 64 bln dlrs of stock to fund oil exploration
(AFP)
AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
Updated: Fri, 03 Sep 2010 20:57:08 GMT
|
7. Spending cuts before 2011 could hurt recovery: IMF, ILO
(AFP)
AFP - The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.
Updated: Fri, 03 Sep 2010 17:53:04 GMT
|
8. Campbell reports Q4 profit rise on better margins
(AP)
AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.
Updated: Fri, 03 Sep 2010 20:48:36 GMT
|
9. Trichet calls for united EU at the IMF
(AFP)
AFP - European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.
Updated: Sat, 04 Sep 2010 17:58:55 GMT
|
10. Report: SEC Investigating canceled trades
(AP)
AP - The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal.
Updated: Thu, 02 Sep 2010 12:25:08 GMT
|
11. Summary Box: Unemployment rate rises to 9.6 pct
(AP)
AP - UNEMPLOYMENT RISES: The unemployment rate rose to 9.6 percent in August from 9.5 percent, as the nation lost 54,000 jobs. Private employers added a net total of 67,000 workers, but 114,000 temporary census jobs ended.
Updated: Fri, 03 Sep 2010 21:41:31 GMT
|
12. China tells state companies to explore Potash bid
(Reuters)
Reuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Updated: Sat, 04 Sep 2010 03:09:42 GMT
|
13. Stocks rally as jobs data spurs optimism
(Reuters)
Reuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
Updated: Fri, 03 Sep 2010 20:43:39 GMT
|
14. Venezuela OKs payment for French retailer Casino
(Reuters)
Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.
Updated: Sat, 04 Sep 2010 21:09:56 GMT
|
15. Taxpayers likely to face initial loss on GM IPO: sources
(Reuters)
Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Updated: Fri, 03 Sep 2010 23:33:47 GMT
|
16. IMF's Lipsky says moderate world recovery underway
(Reuters)
Reuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
Updated: Sun, 05 Sep 2010 03:48:08 GMT
|
17. BP: Failed blowout preventer removed from well
(AP)
AP - BP PLC said the blowout preventer that failed to stop oil from spewing into the Gulf of Mexico was removed from the company's well on Friday afternoon.
Updated: Fri, 03 Sep 2010 19:07:55 GMT
|
18. Stranded actor Paul Hogan in Australia tax deal
(Reuters)
Reuters - Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday.
Updated: Fri, 03 Sep 2010 17:31:16 GMT
|
19. Crafting a Career in Eco-Chic Jewelry
(BusinessWeek)
BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama.
Updated: Fri, 03 Sep 2010 12:08:42 GMT
|
20. BP says failed blowout preventer off Gulf well
(Reuters)
Reuters - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.
Updated: Fri, 03 Sep 2010 18:53:57 GMT
|
21. Stranded actor Paul Hogan in Australia tax deal
(Reuters)
Reuters - Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday.
Updated: Fri, 03 Sep 2010 17:31:16 GMT
|
22. Court reinstates markup law for Wisconsin gasoline
(AP)
AP - A federal appeals court on Friday reinstated Wisconsin's 71-year-old minimum markup law on gasoline, a decision that could save some jobs but increase the cost of gas.
Updated: Fri, 03 Sep 2010 18:10:31 GMT
|
23. Walgreen August same-store sales rise 2.1 percent
(AP)
AP - Walgreen Co. reported same-store-sales rose 2.1 percent for August on Friday, just shy of Wall Street estimates.
Updated: Fri, 03 Sep 2010 16:33:28 GMT
|
24. Mo. drops appeal of real estate ballot measure
(AP)
AP - An initiative barring taxes on home and land sales is clear to appear on Missouri's ballot after the state dropped an appeal Friday of a judge's decision ordering the election.
Updated: Fri, 03 Sep 2010 16:47:03 GMT
|
25. MGIC added $1.2B in mortgage coverage in August
(AP)
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.
Updated: Fri, 03 Sep 2010 18:50:41 GMT
|
26. Spending cuts before 2011 could hurt recovery: IMF, ILO
(AFP)
AFP - The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.
Updated: Fri, 03 Sep 2010 17:53:04 GMT
|
27. Campbell reports Q4 profit rise on better margins
(AP)
AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.
Updated: Fri, 03 Sep 2010 18:30:02 GMT
|
28. Experts see trouble ahead for developed world
(AP)
AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.
Updated: Fri, 03 Sep 2010 17:37:43 GMT
|
29. Ex-hedge fund manager charged with insider trading
(Reuters)
Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc.
Updated: Wed, 01 Sep 2010 17:15:33 GMT
|
30. White House: August jobs report reassuring
(Reuters)
Reuters - The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of "unsettling" economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring.
Updated: Fri, 03 Sep 2010 14:18:00 GMT
|
31. Campbell Soup profit beats Street but sales light
(Reuters)
Reuters - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.
Updated: Fri, 03 Sep 2010 14:45:43 GMT
|
32. Obama says to address new economic ideas next week
(Reuters)
Reuters - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.
Updated: Fri, 03 Sep 2010 16:40:13 GMT
|
33. Walgreen same-store sales miss expectations
(Reuters)
Reuters - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.
Updated: Fri, 03 Sep 2010 13:15:04 GMT
|
34. Payrolls data offer ray of hope for recovery
(Reuters)
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
Updated: Fri, 03 Sep 2010 17:44:13 GMT
|
35. Wall Street set for bumper week as economy fears ease
(Reuters)
Reuters - Wall Street was set to close out its best week in six on Friday after recent economic data, including a stronger-than-expected jobs report, showed the U.S. economy may be in better shape than thought.
Updated: Fri, 03 Sep 2010 17:23:55 GMT
|
36. Ex-hedge fund manager charged with insider trading
(Reuters)
Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc.
Updated: Wed, 01 Sep 2010 17:15:33 GMT
|
37. US data shores up stocks ahead of payrolls
(AP)
AP - Global stock markets pushed modestly higher Thursday after an upbeat U.S. housing survey as investors await payrolls figures that could well set the tone for the rest of the month.
Updated: Thu, 02 Sep 2010 14:49:03 GMT
|
38. US Def Sec: Afghans should lead corruption fight
(AP)
AP - U.S. Defense Secretary Robert Gates said Thursday that while the fight against corruption must be led by Afghans, the U.S. is working on new ways to prevent millions of American dollars flowing into the nation from underwriting bribery and graft.
Updated: Thu, 02 Sep 2010 18:53:09 GMT
|
39. A look at economic developments around the globe
(AP)
AP - A look at economic developments and activity in major stock markets around the world Thursday:
Updated: Thu, 02 Sep 2010 18:17:58 GMT
|
40. How the major stock indexes fared Thursday
(AP)
AP - Stocks rose Thursday, extending their gains from the day before, after reports on housing, manufacturing and jobs all indicated that the economy continues to grow. Trading was somewhat muted ahead of the government's closely watched monthly report on employment due out Friday.
Updated: Thu, 02 Sep 2010 20:23:18 GMT
|
41. "Quote stuffing" a focus in flash crash probe
(Reuters)
Reuters - U.S. regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing", in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately.
Updated: Thu, 02 Sep 2010 19:23:36 GMT
|
42. Summary Box: Stocks extend gains on economic news
(AP)
AP - ANOTHER LIFT: Stocks gained again on Thursday, though not as much as the day before, on the latest hopeful indicators on the economy.
Updated: Thu, 02 Sep 2010 20:32:26 GMT
|
43. Stocks move higher following jobs, housing reports
(AP)
AP - Stocks rose Thursday, extending their gains from the day before, after reports on housing, manufacturing and jobs all indicated that the economy continues to grow.
Updated: Thu, 02 Sep 2010 20:51:50 GMT
|
44. Stocks rise on economic hopes ahead of payrolls
(Reuters)
Reuters - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.
Updated: Thu, 02 Sep 2010 20:45:00 GMT
|
45. How the major stock indexes fared Wednesday
(AP)
AP - Stocks jumped Wednesday after surprisingly strong growth in U.S. and Chinese manufacturing allayed some of the worries that had been building over the global economy in recent weeks. The new reports snapped a string of disappointing economic data that sent stocks slumping in August.
Updated: Wed, 01 Sep 2010 20:53:28 GMT
|
46. A look at economic developments around the globe
(AP)
AP - A look at economic developments and activity in major stock markets around the world Wednesday:
Updated: Wed, 01 Sep 2010 18:12:45 GMT
|
47. SEC probes cancelled trades in flash crash: report
(Reuters)
Reuters - U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second, only to be canceled almost immediately, the Wall Street Journal reported on Thursday.
Updated: Thu, 02 Sep 2010 04:46:53 GMT
|
48. Summary Box: Stocks charge higher as gloom lifts
(AP)
AP - STRONG START: The stock market started September with a blast on Wednesday, vaulting higher as gloom over the economy seemed to lift. The Dow Jones industrial average gained 255 points.
Updated: Wed, 01 Sep 2010 21:20:59 GMT
|
49. Report: SEC Investigating canceled trades
(AP)
AP - The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal.
Updated: Thu, 02 Sep 2010 12:25:08 GMT
|
50. European stocks drop before ECB rate call
(AFP)
AFP - European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.
Updated: Thu, 02 Sep 2010 11:02:55 GMT
|
| Previous | Home | Next |
| |
| Get more news: |
|