Business News Feed


A new blowout preventer has been placed on the capped well - CNN

    

Washington Post

A new blowout preventer has been placed on the capped well
CNN
(CNN) -- A blowout preventer that may hold important forensic evidence as to why it failed, triggering the world's largest accidental oil spill, has been brought to the surface of the Gulf and placed on a vessel, officials said Saturday night. ...
BP hikes asset sale target after oil spill: reportAFP
Key oil spill evidence raised to Gulf's surfaceThe Associated Press
Officials Recover Key Piece of Broken Gulf Oil WellVoice of America
USA Today -Reuters -Washington Post
all 1,756 news articles »



Jobs Data Provide Hope - Wall Street Journal

    

Boston Globe

Jobs Data Provide Hope
Wall Street Journal
The US economy lost jobs for the third month in a row in August, but modest hiring by the private sector eased concerns the economy might be tumbling back into recession. The US economy shed jobs for a third straight month, ...
Unemployment inched up in AugustPhiladelphia Inquirer
Growth in jobs beats estimates, easing concernsChattanooga Times Free Press
Economy 101: Jobless rate widens for black workersThe Associated Press
Sarasota Herald-Tribune -Asia Bizz
all 1,337 news articles »



Koch brothers give $1M to back Proposition 23 - The Associated Press

    

Amsterdam News.Net

Koch brothers give $1M to back Proposition 23
The Associated Press
SACRAMENTO, Calif. — Oil billionaires David and Charles Koch have jumped on board an effort to suspend California's global warming law by making a million-dollar contribution this week. A subsidiary of Wichita, Kan.-based Koch Industries, the nation's ...
California's Prop. 23, backed by oil giants with a lot to lose, needs to go ...Los Angeles Times
Fiorina backs delaying Calif. global warming lawBusinessWeek
Koch brothers give $1M to back Proposition 23San Jose Mercury News
NewsHour -Fresno Bee -Salon
all 254 news articles »



As Pay Falls, Borrowers Lose Ground - New York Times

    

New York Times

As Pay Falls, Borrowers Lose Ground
New York Times
LENDERS scrutinize all elements of a mortgage application, but one factor remains critical: the debt-to-income ratio, or the percentage of a borrower's monthly gross income that goes toward housing expenses. If it surpasses 36 percent, ...
Loan modification program in Phoenix helps fewer than expectedAZ Central.com
New mortgage-relief plan set for Tuesday launchMarketWatch
A New Program To Attack Underwater MortgagesWall Street Pit (blog)
Wall Street Journal -Huffington Post (blog) -Firedoglake (blog)
all 28 news articles »



Obama to Link Tax Plan, Hiring - Wall Street Journal

    

CBS News

Obama to Link Tax Plan, Hiring
Wall Street Journal
With the job market stuck in neutral, the Obama administration is moving toward using the revenue from expiring tax cuts for the wealthy to finance about $35 billion of tax cuts for small businesses and workers, ...
Factbox: Tax and spending policies floating in WashingtonReuters
Expiring tax cuts pose dilemma for US lawmakersEconomic Times
Fratto: Baiting the Tax TrapCNBC
Washington Post -Bloomberg -Daily Camera
all 576 news articles »



UN calls special meeting to address food shortages amid predictions of riots - The Guardian

    

Telegraph.co.uk

UN calls special meeting to address food shortages amid predictions of riots
The Guardian
Two years after the last food crisis, when prices surged by nearly 15% in the UK, food inflation is back. Soaring global food prices have prompted City and food industry experts to warn that the cost of the weekly shop is set to rise by up to 10% in ...
Wheat futures rise as Russia extends export banMarketWatch
The cost of wheatBBC News
FAO calls special meeting on rising global food pricesAFP
CNN International -Financial Times -Wall Street Journal
all 594 news articles »



Egg farmers: Good managing can help control salmonella - USA Today

    

CBS News

Egg farmers: Good managing can help control salmonella
USA Today
By Anne Ryan, USA TODAY By Anne Ryan, USA TODAY By Anne Ryan, USA TODAY By Elizabeth Weise, USA TODAY PEARL CITY, Ill. — There is nothing small scale about Pearl Valley Eggs, deep in the heart of Illinois farm country. The egg farm itself, ...
Egg "Whistleblowers": Red Flags Went UnheededCBS News
Former Egg Farm Employees Say Their Complaints Were Ignored: ReportBusinessWeek
Egg industry alarmed at cage limitsWashington Post
ABC News -Access North Georgia -Sarasota Herald-Tribune
all 108 news articles »



Review & Outlook: The Diviner of System Risk - Wall Street Journal

    

CBC.ca

Review & Outlook: The Diviner of System Risk
Wall Street Journal
After two more days of hearings this week about the 2008 credit meltdown, the lid on Federal Reserve Chairman Ben Bernanke's black box remains shut and locked. Testifying Thursday before the Financial Crisis Inquiry Commission, Mr. Bernanke made ...
Government regulators slow to act on triggers of crisis, Bernanke saysWashington Post
New Book: How Lehman Lost Its WayCNBC
Ben Bernanke: new regulations may prompt ' too big to fail' banks to break upTelegraph.co.uk
Seeking Alpha (blog) -New Yorker (blog) -Bloomberg
all 1,686 news articles »



City politics hamper efforts to update LAX concession contracts - Los Angeles Times

    

Los Angeles Times

City politics hamper efforts to update LAX concession contracts
Los Angeles Times
It seemed an obvious idea: Bring in new concessionaires to improve the food and shopping at Los Angeles International Airport, giving a distinctive LA flair to a drab facility that receives often-dismal ratings from ...
3 LAX terminals shut down after guard leaves postThe Associated Press
Security lapse forces brief closures at Los Angeles airportAFP
3 LAX terminals shot after guard leaves postabc7.com
People's Daily Online -Press-Enterprise -Daily Breeze
all 283 news articles »



GM CEO says he'll work with the union - USA Today

    

Reuters India

GM CEO says he'll work with the union
USA Today
General Motors CEO Dan Akerson chose the UAW for the topic of his first companywide message, saying he believes in cooperating with the group. Others have suggested the union could prove a challenge for the sacrifice-minded boss. ...
New General Motors CEO looks to restore brandThe Star-Ledger - NJ.com
GM's New Boss Woos Autoworkers in First Staff MemoABC News
Akerson: GM will succeed if company, UAW work togetherThe Detroit News
Wall Street Journal -Boston Herald -Detroit Free Press
all 64 news articles »




IMF's Lipsky says moderate world recovery underway (Reuters)

    

John Lipsky, the International Monetary Fund's first deputy managing director, answers a reporter's question after the meeting of G20 finance and central bank deputies in Gwangju, south of Seoul, September 5, 2010. REUTERS/Lee Jae-WonReuters - 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.





Stocks rally as jobs data spurs optimism (Reuters)

    

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - 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.





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.


Taxpayers likely to face initial loss on GM IPO: sources (Reuters)

    

FILE - In this June 13, 2010 file photo, Tim Allen arrives at the world premiere of 'Toy Story 3,' at The El Capitan Theater in Los Angeles. General Motors Co. said Friday, Sept. 3, 2010, Tim Allen will be a spokesman for the brand and will star in a series of TV ads for the 2011 Chevrolet Cruze that begin airing on Tuesday. (AP Photo/Katy Winn, file)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.





China tells state companies to explore Potash bid (Reuters)

    

Potash Corp mill general superintendent Trevor Berg holds a handful of chicklet potash inside the Cory mine facilities near Saskatoon August 19, 2010. REUTERS/David StobbeReuters - 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.





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.


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.


Campbell reports Q4 profit rise on better margins (AP)

    

In this June 19, 2010 photograph, people walk along inside the new building at the Campbell Soup Co. headquarters, in Camden, N.J.  The Campbell Soup Co. said Friday, Sept. 3, 2010, it made a profit of $113, or 33 cents per share during the fourth fiscal quarter, when the temperature rises and its soup sales traditionally drop.  (AP Photo/Mel Evans)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.





Trichet calls for united EU at the IMF (AFP)

    

Jean-Claude Trichet, Governor of the European Central Bank, gives a press conference at the Ambrosetti Forum at the Villa d'Este hotel in Cernobbio on the Como Lake, northern Milan. European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.(AFP/Olivier Morin)AFP - European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.





Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)

    

An oil platform off the coast of Brazil. 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.(AFP/File/Antonio Scorza)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.





Spending cuts before 2011 could hurt recovery: IMF, ILO (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.(IMF)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.





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.


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.


BP: Crews lifting device from Gulf face delay (AP)

    

Workers secure the Deepwater Horizon blowout preventer onto the deck of the Helix Q4000 after lifting it from the Gulf of Mexico near the coast of Louisiana, Saturday, Sept. 4, 2010. (AP Photo/Patrick Semansky)AP - Investigators looking into what went wrong in the Gulf of Mexico oil spill are a step closer to answers now that a key piece of evidence is secure aboard a ship.





Obama planning new package of economic aid (AP)

    

President Barack Obama reports on the economy as the latest unemployment figures are released,  Friday, Sept. 3, 2010, in the Rose Garden at the White House in Washington.  (AP Photo/J. Scott Applewhite)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.





Suzuki to build new auto plant in India (AFP)

    

Japan's top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near the Indian capital New Delhi in a bid to meet growing demand in the country, a newspaper reported on Sunday.(AFP/Gabriel Bouys)AFP - Japan's top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near the Indian capital New Delhi in a bid to meet growing demand in the country, a newspaper reported on Sunday.





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.






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