| Reuters: Business News |
| Stocks rally as jobs data spurs optimism NEW YORK (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.
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| Taxpayers likely to face initial loss on GM IPO: sources NEW YORK/DETROIT (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.
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| China tells state companies to explore Potash bid TORONTO/HONG KONG (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.
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| Obama says his economic policies halted "bleeding" WASHINGTON (Reuters) - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.
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| Anglo Irish Bank to be "decommissioned": minister DUBLIN (Reuters) - Nationalized Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.
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| Japan Noda warns on yen, suggests joint steps difficult TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option.
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| Payrolls data offer ray of hope for recovery WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
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| G20 members agree economic recovery to continue GWANGJU, South Korea (Reuters) - G20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said.
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| Ex-Goldman programmer wins partial dismissal NEW YORK (Reuters) - A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc computer programer of stealing proprietary computer code from the bank's lucrative high-frequency trading platform.
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| Madoff investors win $12.74 mln in Merkin case NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.
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| Earl reaches Canada with hurricane-speed punch HALIFAX, Canada (Reuters) - Hurricane Earl lashed into the Canadian Maritime provinces on Saturday, picking up wind speed in warm Atlantic waters, after a surprisingly tame brush with the U.S. East Coast.
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| Taxpayers likely to face initial loss on GM IPO: sources NEW YORK/DETROIT (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.
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| Obama to address new economic ideas next Wednesday WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.
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| Curfew declared after 7.1 quake hits New Zealand WELLINGTON (Reuters) - Authorities declared an overnight curfew for Saturday after a major earthquake hit New Zealand's second biggest city, Christchurch, bringing down power lines and bridges and wrecking roads and building facades.
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| Crime adds to misery for Pakistan's flood victims MEHMOOD KOT, Pakistan (Reuters) - Crime and the sale of donated aid supplies are undermining the aid effort for Pakistan's flood victims.
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| Mexican judge orders drug lord held 40 more days MEXICO CITY (Reuters) - A Mexican judge ordered Edgar "La Barbie" Valdez, believed to be one of the country's top drug bosses, held for 40 more days of investigation, the federal prosecutor's office said on Saturday.
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| Karzai announces "peace council" to push Taliban talks KABUL (Reuters) - An Afghan peace council to pursue talks with the Taliban has been set up, President Hamid Karzai said on Saturday, the latest step in a gradual move toward reconciliation with the Islamist insurgents.
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| Bomb kills 54 in Pakistan, Taliban threatens U.S. QUETTA, Pakistan (Reuters) - A suicide bomber struck a rally in the Pakistani city of Quetta on Friday, killing at least 54 people in the second major attack this week and piling pressure on a U.S.-backed government overwhelmed by a flood crisis.
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| Government says no leaking oil at Mariner platform HOUSTON (Reuters) - U.S. government inspectors found no leaking oil at Mariner Energy Inc's burned platform in the Gulf of Mexico, officials said late on Friday, allaying fears about more environmental damage after BP's massive spill.
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| BP replaces failed blowout preventer on Gulf well HOUSTON (Reuters) - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said.
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| Curfew declared after 7.1 quake hits New Zealand WELLINGTON (Reuters) - Authorities declared an overnight curfew for Saturday after a major earthquake hit New Zealand's second biggest city, Christchurch, bringing down power lines and bridges and wrecking roads and building facades. |
| Bomb kills 54 in Pakistan, Taliban threatens U.S. QUETTA, Pakistan (Reuters) - A suicide bomber struck a rally in the Pakistani city of Quetta on Friday, killing at least 54 people in the second major attack this week and piling pressure on a U.S.-backed government overwhelmed by a flood crisis. |
| Clinton: time ticking for Israel-Palestinian peace WASHINGTON (Reuters) - Secretary of State Hillary Clinton on Friday urged Israel and the Palestinians to overcome the final obstacles to peace, saying their new talks may be a last chance to end the conflict. |
| Pakistani militants stoking sectarian rift: minister ISLAMABAD (Reuters) - Pro-Taliban Pakistani militants are trying to create a sectarian rift, Interior Minister Rehman Malik said on Saturday, as a new wave of violence piled pressure on a government already struggling with a flood crisis. |
| Karzai announces "peace council" to push Taliban talks KABUL (Reuters) - An Afghan peace council to pursue talks with the Taliban has been set up, President Hamid Karzai said on Saturday, the latest step in a gradual move toward reconciliation with the Islamist insurgents. |
| Blair pelted with eggs at Dublin book signing DUBLIN (Reuters) - Three people were arrested after protesters threw eggs and shoes at former British Prime Minister Tony Blair when he arrived to sign copies of his memoir at a bookshop in Dublin on Saturday, national broadcaster RTE said. |
| Seven killed in Darfur camp clashes: peacekeepers KHARTOUM (Reuters) - Armed men shot dead seven people and injured 20 in clashes at a refugee camp in Sudan's Darfur region on Saturday, peacekeepers said, in a sign of mounting violence in and around the area's displacement centers. |
| Thousands protest French immigrant clampdown PARIS (Reuters) - Tens of thousands protested across France on Saturday against a clampdown on immigrants, launching a week of action over security policy and pension reform on which President Nicolas Sarkozy has staked his political reputation. |
| Mexican judge orders drug lord held 40 more days MEXICO CITY (Reuters) - A Mexican judge ordered Edgar "La Barbie" Valdez, believed to be one of the country's top drug bosses, held for 40 more days of investigation, the federal prosecutor's office said on Saturday. |
| Cargo ship embarks on historic Arctic passage OSLO (Reuters) - The MV Nordic Barents is lugging 40,000 tonnes of iron ore from Norway to China on an Arctic Ocean shortcut through melting ice -- and making a little history in the process. |
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| DealBook |
| Goldman Said to Plan Closing Prop Trading Desk Goldman Sachs is closing its Principal Strategies group, which trades using the firm's own money, Bloomberg News reported Friday. |
| Mariner and the MAC Question A fire at a Mariner Energy platform in the gulf raised concerns that Apache might exercise the material adverse change clause in their merger agreement. But the Deal Professor says there is no cause for MAC litigation. |
| Wall St. Said to Finance Dinallo for Attorney General The onetime lieutenant of Eliot Spitzer is now being backed by financiers as the next attorney general of New York, The Financial Times reports, citing an analysis of campaign contributions. |
| Big Winners in 3Par Bidding War: 3 V.C. Firms Three of 3Par's earliest backers have reaped about $560 million from the bidding war between Dell and Hewlett-Packard over the data storage company. |
| Morning Take-Out How the stimulus is changing America; Depression economics; an American (start-up) in Paris |
| Ex-G.M. Chief to Lead Sunoco Spinoff Nine months after his ouster from G.M., Fritz Henderson will lead Sunoco's spinoff of its coking unit and eventually become the division's chairman and chief executive. |
| Goldman Says Basis Capital Can't Sue It in U.S. Basis Capital, an Australian hedge fund suing Goldman Sachs for $1 billion for losses related to credit default swaps, made the deal in Australia and can't sue in the United States, Goldman Sachs has said, Bloomberg News reports. |
| In Sudden Bidding War, Andean Goes With Goldcorp Goldcorp, the Canadian gold mining company, said Friday that it would buy its Australian rival, Andean Resources, for 3.6 billion Canadian dollars in cash and stock, beating out an all-share offer from Eldorado Gold. |
| Petrobras Could Raise $75 Billion in Offering Petroleo Brasileiro, Brazil's state-controlled oil company, may raise as much as $75 billion in a sale of new voting and preferred shares as part of a stock-for-oil swap with the government, Bloomberg News reported. |
| Ping An Stock Offering Raises $1.2 Billion Shares in Ping An Insurance climbed after TPG Capital's Asian unit sold the remainder of its stake in China's second-biggest insurer, Bloomberg News reported. |
| China Said to Approach Alberta Fund to Block BHP Chinese investors approached Alberta Investment Management to consider a joint counterbid for Potash of Saskatchewan, the Canadian pension fund's chief executive officer said. |
| Banker's Book Triggers Race Debate in Germany When a German banker and former government official spoke publicly about a unique "Jewish gene," when he attacked Islam as a source of violence and stunted development and when he espoused genetic theories that evoked the Nazi past, the political leadership quickly called for him to be fired. |
| Cleaner Chatroulette Rival Raises Seed Round VChatter, a video chat startup led by online dating pioneer Will Bunker, has raised $250,000 in seed funding, VentureBeat reported. |
| Ex-Lehman Trader's Fund Set to Double Assets The OGI Global Macro Fund, run by former Lehman Brothers Holdings proprietary trader Allan Bedwick, is set to double assets to about $100 million this month after outperforming hedge-fund peers globally, Bloomberg News reported. |
| Och-Ziff Says Assets Up by $200 Million Och-Ziff Capital Management Group, the New York hedge fund firm run by Daniel Och, said assets under management rose by $200 million last month as investors deposited money in its funds, Bloomberg News reported. |
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| NYT > Business |
| Growth in Jobs Beats Estimates, Easing Concerns American businesses added more jobs in the last three months than originally estimated, calming fears of a double-dip recession. |
| Stocks and Bonds: Wall Street Finishes Higher for the Week A better report on job creation was the latest piece of good news on the economy, and pushed shares higher. |
| News Analysis: Europe Takes a Big Step to Avert Economic Crises New regulatory agencies will not end disputes among nations over economic policy, and some of their powers may take time to win acceptance. |
| Goldcorp Offers $3.4 Billion for Australian Rival The bid is 2 percent higher than an all-share offer from Eldorado Gold. |
| U.N. Agency Calls Meeting on Spike in Food Prices The announcement by the Rome-based Food and Agriculture Organization followed Russia?s decision to extend its ban on wheat exports. |
| Putin Extends Ban on Russian Grain Exports Prime Minister Vladimir V. Putin announced Thursday that Russia?s ban on grain exports would be extended well into next year because of continued uncertainty over production. |
| Toyota Feels Exchange-Rate Pinch as Rivals Gain For all the turmoil over Toyota's wave of recalls, the world's largest automaker may face a bigger problem: the surging yen. |
| Strong Yen Helps to Fuel Germany?s Export Boom European companies tend to focus on the dollar exchange rate, but the yen?s recent strengthening is playing a role in Germany?s export boom as well. |
| BP Says Limits on Drilling Imperil Spill Payouts The company says proposed legislation could disrupt its efforts to set aside $20 billion for claims and penalties. |
| News Analysis: France?s President May Have a Tough Time Selling His G-20 Goals As Nicolas Sarkozy prepares to take over as president of the Group of 20 on Nov. 12, analysts say many of his proposals appear to be hamstrung from the start. |
| Depositors Panic Over Bank Crisis in Afghanistan A bank official tried to calm fears of a meltdown at Kabul Bank, while depositors were unable to withdraw money. |
| Bernanke Says He Failed to See Financial Flaws The Federal Reserve chairman also said it was impossible for the government to save Lehman Brothers in 2008. |
| European Central Bank Optimistic About Economy The central bank will continue to offer liquidity to banks that have trouble obtaining short-term funds from other banks or in the money markets. |
| Royal Bank of Scotland Plans to Cut 3,500 Jobs The layoffs represent about 2 percent of the remaining work force of the bank, which is seeking to pay back a taxpayer-financed bailout. |
| Discounts Help Lift Back-to-School Sales Retail sales rose 3.3 percent, more than forecast. But the results are measured against a weak month a year ago. |
| Burger King Agrees to $4 Billion Private Equity Offer The deal is the largest leveraged buyout of a fast-food chain ever and the second for Burger King in the last eight years. |
| Of Two Minds About Books The book business tries to serve two readers, the one who loves the tactile page and the one who loves the digital ease. |
| A Greener Champagne Bottle France?s Champagne industry is trying to cut the carbon dioxide it emits transporting billions of tiny bubbles around the world. |
| Special Report: Business of Green: A Future Built on Different Standards Styria, a province in southeastern Austria, is enjoying an economic boom generated in part by a project by 79 municipalities to promote local, green, self-sustaining businesses. |
| Talking Business: The Struggle for What We Already Have The angst over net neutrality reaches from boardrooms to living rooms, but take heart: companies will breach its principles at their own peril. Consumers have come to expect an open Internet. |
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| NYT > Technology |
| Texas Probes Google on Ranking of Search Results The Texas attorney general has opened an antitrust investigation into how Google ranks search results, striking at the heart of its main search business. |
| Talking Business: The Struggle for What We Already Have The angst over net neutrality reaches from boardrooms to living rooms, but take heart: companies will breach its principles at their own peril. Consumers have come to expect an open Internet. |
| Texas Attorney General Investigates Google Search Google said that the Texas attorney general is conducting an antitrust review on the fairness of Google's search results. |
| Google to Simplify Its Privacy Policies Google will update its privacy policies next month to offer simpler, more transparent language, but a privacy expert worry that the changes are actually bad for consumers. |
| Apple-Facebook Friction Erupts Over Ping Apple's entry into social media has created bumps in its relationship with Facebook. |
| What It Means When YouTube Gets Small, and Big People are increasingly watching YouTube videos on cellphone screens, which could lead to new kinds of videos and advertising. |
| YouTube Ads Turn Videos Into Revenue YouTube is expected to turn a profit this year, on revenue of about $450 million, with help from its onetime critics. |
| Video Game Maker Take-Two Reports an Unexpected Profit The publisher of the Grand Theft Auto video games raised its outlook on the strength of its newest release, Red Dead Redemption. |
| Why I.B.M. Took a Different Path in Storage I.B.M.'s strategy in the storage business has been guided by its research labs spotting future trends. |
| H.P. Outbids Dell for Data Storage Company Hewlett-Packard offered about $2.3 billion, ending an 18-day bidding war. The price reflects a growing urgency to use acquisitions to fuel growth. |
| Consumer Watchdog Group Goes After Google A consumer watchdog group began an advertising campaign aimed at Google and its chief executive. It hopes to create a "Do Not Track Me" list for Web users. |
| From Apple, a Step Into Social Media for Music Apple on Wednesday introduced a social media service geared to music lovers that is built into iTunes, revamped its lineup of iPods and unveiled an upgraded version of its set-top box. |
| Of Two Minds About Books The book business tries to serve two readers, the one who loves the tactile page and the one who loves the digital ease. |
| F.C.C. Seeks More Input on Wireless Internet Rules The F.C.C.?s decision to seek more comments on preserving an open and competitive Internet precludes any agency action before the midterm elections. |
| Advertising: Scholastic Books Revamps Its Marketing The company said it wanted to keep better track of teachers who were new or who had departed and use more methods of communication. |
| Sweden Reopens Rape Investigation of WikiLeaks Founder Swedish authorities said they reopened an investigation of rape allegations against Julian Assange. |
| China Will Require ID for Cellphone Numbers; Noncompliance Means No Service The government is looking to curb cellphone spam, pornography and fraud schemes. |
| State of the Art: Your Own Hot Spot, and Cheap Virgin Mobile?s MiFi is nearly like the ones offered by Sprint and Verizon but with three exceptions: an unlimited data plan, no contract and a $40-a-month service fee. |
| In Search of a Case to Protect the iPad While none of the iPad cases are perfect, the variety is endless; one even has a 100-year warranty. |
| App Smart: How to Get Loyalty Card Prices Without Loyalty Cards Two apps, Cardstar and Key Ring, serve as repositories for your loyalty shopping card numbers. You just hand your phone to the cashier at checkout. |
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| BBC News - Business |
| Six million facing new tax bills HM Revenue and Customs says some 1.4 million people each owe about £1,500 in tax, while 4.3 million will get an average rebate of £418. |
| UN calls special food price talks The United Nations' food agency calls a special meeting of policy makers to discuss the recent rapid rises in food prices. |
| HSBC threatens to quit London HQ HSBC may quit its London headquarters if the UK government decides to break up big banks, a senior executive says. |
| Petrobras files $65bn share offer The Brazilian state oil company, Petrobras, unveils plans to sell up to $64.5bn of new stock, in one of the world's largest share offers. |
| BP says oil spill cost up to $8bn BP says the cost of its Gulf of Mexico oil spill has risen to $8bn - a rise of more than $2bn in the last month alone. |
| Bank customers in 'dire poverty' Banks are accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission. |
| Nigerian economy 'to grow by 10%' Nigeria's economy will hit double-digit growth by the end of 2011 or early 2012, the country's finance minister says. |
| Shift in home loan availability The cost of mortgages is continuing to fall and they are becoming more accessible to some borrowers, figures show. |
| US sees 54,000 jobs go in August The US economy shed another 54,000 jobs in August, the third month in a row that jobs have been lost, official figures show. |
| UK builders and services falter New data shows new construction orders contracted in the second quarter, while the services sector slowed sharply in August. |
| 'Big drop' in alcohol consumption Alcohol consumption has fallen faster than ever, figures from the British Beer and Pub Association suggest. |
| Europe agrees finance watchdogs The European Union agrees to reform financial supervision, with new agencies to oversee banks, insurers and financial markets. |
| Chinese consider rival Potash bid Chinese investors approach Canadian pension fund over a possible rival bid for the fertiliser giant Potash Corporation. |
| Andean gold in $3bn bidding war Rival Canadian gold mining companies, Goldcorp and El Dorado, lock horns in a $3bn fight to buy up Andean Resources. |
| Burger King is sold for $3.26bn Burger King is being sold to private equity firm 3G Capital in a deal valued at $3.26bn (£2.1bn), it has been announced. |
| Four power firms face sales probe Four of the "big six" UK energy suppliers are to be investigated amid concerns of mis-selling to customers, the regulator says. |
| House prices fall again in August House prices fell for the second month in a row in August, according to the Nationwide building society. |
| Plans for more £5 notes in ATMs All banks and building societies have put in place plans to begin dispensing £5 notes from the cash machines, a report reveals. |
| Russia extends grain export ban Russia will consider lifting its grain export ban only after the next year's harvest has been reaped, Vladimir Putin says. |
| ECB ups eurozone growth forecasts The European Central Bank raises its forecast for eurozone growth for this year and next year, and keeps interest rates on hold. |
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| Six million facing new tax bills HM Revenue and Customs says some 1.4 million people each owe about £1,500 in tax, while 4.3 million will get an average rebate of £418. |
| Overnight curfew after NZ quake Police declare an overnight curfew in Christchurch, New Zealand, after a powerful earthquake causes considerable damage but no fatalities. |
| Tory defects over schools scheme A Tory councillor defects to Labour over cuts to the government's schools building programme, saying she was "ashamed to be a Conservative". |
| Blair pelted with eggs in Dublin Shoes, eggs and plastic bottles are thrown at Tony Blair as he arrives at a book-shop in Dublin to sign copies of his memoirs. |
| Balls seeks phone hack statement Labour leadership hopeful Ed Balls says the home secretary should make a statement about claims of phone tapping by the News of the World. |
| Protests over French Roma policy Thousands attend rallies in Paris and other French cities to protest at the government's policy of deporting Roma people. |
| Burned body found on golf course A badly burned body is found in undergrowth between the 17th and 18th holes of an East Sussex golf course. |
| Chile miners advised to exercise Scientists from the US space agency Nasa advise the trapped Chilean miners to exercise and regulate their day and night sleep patterns. |
| Nine die in New Zealand air crash Nine people, including four tourists, are killed when a light aircraft crashes after taking off from Fox Glacier in New Zealand, say reports. |
| Karzai sets up Taliban talks body Afghan President Hamid Karzai has formed a committee to seek peace talks with the Taliban, his office says. |
| Taxpayers 'should not fund Pope' Some 77% of Britons think taxpayers should not help pay for Pope Benedict XVI's visit to Scotland and England, a survey suggests. |
| Spud U Like? Gardener chipper over his super-spud An amateur gardener grows what he believes to be the largest potato in the world. |
| Robbie Williams turns on Blackpool lights Thousands of people watch Robbie Williams switch on Blackpool's illuminations. |
| Dawson facing spell on sidelines England and Tottenham defender Michael Dawson will miss the game with Switzerland after being ruled out for at least six weeks. |
| Live text - US Open day six Roger Federer, Caroline Wozniacki, Maria Sharapova and Novak Djokovic are among the players in action on day six of the US Open at Flushing Meadows. |
| England boss happy with Mushtaq England coach Andy Flower says he is satisfied with spin bowling coach Mushtaq Ahmed's role within the team despite previous links with illegal bookmakers. |
| Pakistan trio keen to see row end A lawyer for the three Pakistan players at the centre of allegations of corruption says they are keen for a "timely and satisfactory outcome" to the affair. |
| Chandhok impressed by Korea track Hispania Racing's Karun Chandhok gives the Korean Grand Prix venue the thumbs-up after being the first F1 driver to drive it. |
| Officers could face crash charges Two police officers who crashed a sports car seized from a suspected drink-driver could face prosecution. |
| Funeral for festival death star The funeral is held of singer Charles Haddon from Northamptonshire who died in a fall in Belgium. |
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| PS3 hack escapes court challenge Sony has won a permanent ban in Australia of a hack for its PS3, but the code behind it has been released for free on the web. |
| Memristor revolution backed by HP A potentially revolutionary circuit component, once a laboratory curiosity, is to be mass-produced for the first time. |
| Global broadband divide revealed The global disparity in access to broadband around the world and the cost of a connection is revealed by UN figures. |
| Samsung releases iPad competitor Samsung has become the latest manufacturer to enter into the tablet computer market with its Galaxy Tab. |
| Apple creates a social network Apple launches a music-based social network called Ping as part of its latest upgrade to the iTunes music software. |
| US seeks input on net data rules US net users are being asked for their opinions about what ISPs should be allowed to do with web traffic flowing through their networks. |
| Dell pulls out of battle for 3Par Dell withdraws its bid for 3Par after rival Hewlett-Packard raises its offer for the data storage company to $2.1bn. |
| Sony rolls out rival to iTunes Sony has unveiled its own music and video download service in an announcement timed to coincide with an Apple media event. |
| Roaming iPhone glitch continues Mobile operator O2 and Apple are still resolving a months-old data roaming issue, with customers complaining of charges they didn't incur. |
| Rival benefits from Digg revamp A revamp of the social-news site Digg has unexpectedly backfired on its owners after members redirected traffic to a rival site. |
| New gadgets unveiled at IFA fair Samsung's Galaxy Tab and Toshiba's Folio 100 are amongst the gadgets showcased at the world's largest consumer electronics fair in Berlin. |
| First 'intelligent' stamp on sale The Royal Mail launches the world's first "intelligent" stamp, the first to work with image recognition technology. |
| Clicking the blue 'e' Bill Thompson on Microsoft's game-changing browser |
| Paint prose The source code MacPaint is released but who can read it? |
| Nothing said online is really private Nothing said online is really private, says Bill Thompson |
| How to work anywhere in the world How technology allows digital nomads to leave the office behind to work around the world |
| Virtual reality asks tough questions Virtual reality is allowing scientists to ask difficult questions about human behaviour. |
| Online gaming takes it to the next level Faster broadband networks could spell the end of the games console, experts say. |
| The rise of the 'mummy bloggers' Parents blogging about their children have become a global force in marketing. |
| Girl gamers still being left out The portrayal of women in the game's industry is still lacklustre according to experts and insiders |
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| Latest financial news - CNNMoney.com |
| Obama's economy boost - just don't call it stimulus President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus. |
| Dollar slips on return to risk As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies. |
| Where the jobs are now, and where they'll be next U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs. |
| What went wrong at Burger King It's not yet clear what Burger King's new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order. |
| Dow back in the black for 2010 Stocks closed near session highs Friday, with the Dow erasing its losses for the year, as investors welcomed a better-than-expected report on the U.S. job market. |
| Strongest jobs recovery in decades. Seriously A jobless recovery? Hardly. |
| August jobs report: Signs of life for employment Business hiring is picking up, but not enough to make up for the massive losses of temporary government jobs. |
| Kia recalling fire-prone cars Hyundai-Kia Motors is recalling more than 35,000 cars with fire-prone electrical wiring systems, said the National Highway Traffic Safety Administration. |
| Stock futures pop after jobs report Stocks futures jumped Friday after the August employment report showed that employers cut fewer jobs than economists were expecting and added more private-sector jobs than forecast. |
| Should US government debt be rated junk? A few weeks ago, Hedgeye, the investment research firm where I'm a managing director, hosted a conference call for our subscribers that posed the question, "Should U.S. Government Debt Be Rated Junk Status?" Given that debt issued by the U.S. government continues to trade at almost all-time lows in yield, this is a contrarian call to say the least. |
| I have $10,000 and four months. Where do I invest? Question: I have a budget of $10,000 for a stock simulation I'm doing for a business and personal-finance class. What stocks should I invest in to make the most money in four months? -- Matt |
| From Detroit, a fix for smog-belching motorcycles When Americans debate the impact of fuel emissions on the environment, they usually talk about cars and trucks. But what about smaller vehicles like motorcycles, scooters, lawnmowers and ATVs? |
| 5 things you must know about homeowners insurance 1. Loyalty is overrated |
| The fading iPod Classic The iPod helped Apple rise from the dead in the last decade. But the iPod Classic, the device that jump-started that resurrection, didn't get so much as a mention from Steve Jobs at Apple's iPod event on Wednesday. |
| Oil roars into September 'like a lion' After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday, and continuing to move higher Thursday following news of an oil platform explosion in the Gulf of Mexico. |
| Quit whining, Wall Street. Nothing has changed. There goes Dan Loeb again, sounding off to great effect. He used to confine himself to criticizing overreaching and overcompensated CEOs, targets we could pretty much all agree on. But the prickly hedge fund manager decided to join the chorus of aggrieved financiers in his latest missive, setting his sights on today's bogeyman of choice: oppressive government. |
| Second act: From software to wind energy Jim Maguire describes himself as being ahead of his time, and he's hardly bragging. In 2002, Maguire -- who managed software projects for large companies -- was consulting in Germany when he discovered "the next big thing." |
| Mariner Energy shares fall after platform fire Shares of Mariner Energy tumbled Thursday after a fire in one of the company's production platforms in the Gulf of Mexico. |
| How trader Dick morphed into banker CEO Dick Fuld The rumors persisted of Lehman Brothers' being taken over again, and it was against such a background that Dick devised his pièce de résistance. |
| Opel: The achilles heel in GM's IPO As General Motors gets ready to take its show on the road in support of its initial public offering after Election Day, one of its biggest question marks is the future of Opel and its European division. |
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| Japan Has More Than Just a Yen Crisis The currency crisis is merely one symptom of the country's general aversion to change after the boom-and-bust 1980s |
| Kan and Ozawa Spar Over Economy, Scandals in Debate Japan?s Prime Minister Naoto Kan and opponent Ichiro Ozawa clashed on the economy and an accord over a U.S. military base on Okinawa in a debate ahead of a ruling party election that will determine who leads the country. |
| Hypo Real Estate's Collapse on the Slopes Developers of 19-acre Snowmass Village in Colorado are suing the German bank, which imploded after investing billions in projects during the property bubble |
| Hypo Only German Bank to Fail EU Stress Test |
| In the Battle of the Big Brokers, Merrill Is Winning Morgan Stanley has more advisers, but they bring in less profit |
| Hard Times for Wall Street's "Sell Night" Recruits In the post-TARP era, "sell night," the Street's annual August ritual of hosting steak dinners and strip-club expeditions, is over |
| A Celebrity Chef's Educated Palate While his celebrity-chef peers slap their names on frozen pizza and Las Vegas chow halls, Ferran Adrià is taking the high road?to Harvard |
| Trichet Urges EU Nations to Find Unified Position on IMF Board European Central Bank President Jean-Claude Trichet urged European Union countries to find a unified position over threats to the bloc?s influence at the International Monetary Fund. |
| Obama Plans New Steps to Boost Economic Growth, Jobs President Barack Obama promised to roll out ?new ideas? to boost growth and spur hiring next week as he embarks on economy-focused trips to the Midwest with less than two months until congressional elections. |
| Tropical Storm Earl Weakens, Threatens Nova Scotia Tropical Storm Earl, which is lashing Maine with wind and rain, is forecast to come ashore near Yarmouth, Nova Scotia, later today. |
| Saudi Shares Climb Most in Seven Weeks Following U.S Jobs Data Saudi Arabian shares rose the most in seven weeks after U.S. and European markets rallied on reports reassuring investors that the recovery in the world?s biggest economy is not waning. |
| New Zealand City, Rocked by Quake, Under Curfew as Storm Nears New Zealand?s second-largest city, Christchurch, was placed under night curfew as a storm threatens to exacerbate an estimated NZ$2 billion ($1.44 billion) of damage caused when a magnitude 7.0 earthquake hit the area. |
| Obama Says Economy Needs a ‘Thriving Middle Class’ to Prosper President Barack Obama said the U.S. economy needs a ?thriving middle class? as it recovers from the ?worst recession in our lifetimes.? |
| Dell Likely to Seek New Data-Storage Targets After 3Par Loss Dell Inc., beaten by Hewlett-Packard Co. in an 18-day bidding war for data-storage provider 3Par Inc., is likely to pursue other targets that would help it vie with market leaders including EMC Corp. |
| Stock Picks: Novellus Systems, Sirius XM, Take-Two Interactive Wall Street analysts offer buy, sell, or hold opinions on stocks in the news on Sept. 3 |
| Ex-Googler Lee Backs China Companies to Foster Startup Culture Founded by Kai-Fu Lee, former head of Google's China division, business incubator Innovation Works is funding 12 startups amid strong demand for Web technology |
| Intel Wants to Be Inside Everything Intel is counting on its Atom embedded processors to help break its dependence on the slowing PC market |
| Lisa Jackson's High-Wire Act on Carbon Controls The EPA chief is using her authority under the Clean Air Act to control carbon emissions |
| Stock Picks: Apple, Cisco, Zumiez Wall Street analysts offer buy, sell, or hold opinions on stocks in the news on Sept. 2 |
| Italy Goes After Tax Dodgers Only 0.2 percent of Italian taxpayers declare income of more than $250,000 a year. Berlusconi's government is now determined to recoup $13 billion in unpaid taxes |
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| On Economy, Democrats Face a Lack of Unity and Time Democrats have yet to find a unifying message to address the economy and are scrambling to come up with job-creating remedies before voters go to the polls. |
| Alaska Winner, Lover of Privacy, Loses His Own Joe Miller, who won the Republican primary, has devoted his life to institutions and isolation. |
| Blackwater Won Contracts Through a Web of Companies The security firm created shell companies to obtain U.S. contracts after it was criticized for its conduct in Iraq, investigators said. |
| U.N. Raises Concerns as Global Food Prices Jump Recent food riots in poor countries prompted United Nations officials to call for a careful watch on prices. |
| Television: On the Boardwalk, HBO Hangs Out With a New Mob HBO?s new series ?Boardwalk Empire? is set in Atlantic City in 1920, during the first year of Prohibition. |
| Plot Twists and Red Herrings of Week One The Open House crew discusses the diverting plot lines of Week One, like the play of Beatrice Capra and Ryan Harrison, and what they mean for the second week. |
| U.S. Military Bands: Lighter and Faster The bands? new mission matches current military doctrine: the creation of small, self-contained forces. |
| Zoning Law Aside, Mosque Projects Face Battles Despite the advantage a 2000 law gives to religious institutions, disputes over mosque construction spread. |
| With Eye Offshore, Storm Diminishes Nothing like the full-throated hurricane that was feared, Earl moved past the New York and Massachusetts coasts early Saturday as little more than a routine storm. |
| Bomb Kills 7 in Afghan City of Kunduz A remote-controlled bomb detonated atop a parked motorcycle on Saturday, killing seven Afghans, according to local government and hospital officials. |
| Spotlight Shifts to Shallow-Water Wells A platform fire this week brings new scrutiny to the more than 3,000 shallow-water platforms operating in the gulf. |
| Accepted Notion of Mars as Lifeless Is Challenged Some scientists suggest carbon-based molecules may have been destroyed before the Viking landers could find them. |
| The Saturday Profile: At First She Didn?t Succeed, but She Tried and Tried Again (960 Times) Cha Sa-soon, 69, has become a national symbol for perseverance in South Korea ? and she can legally hit the road. |
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