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Author Archives: GN Business
Gensler Asks If ‘Nudge’ From Congress Is Needed in Swaps Market – BusinessWeek
Forbes
Gensler Asks If 'Nudge' From Congress Is Needed in Swaps MarketBusinessWeekMarch 11 (Bloomberg) — Gary Gensler, chairman of the Commodity Futures Trading Commission, asked exchange leaders if a “nudge” from Congress was needed to improve price transparency in private swaps markets. …Regulator faults Wall Street banks on derivativesThe Associated Press
Gensler:CFTC Working On Proposed Rule On [...]
Tanker spat raises threat to US arms sales – Reuters
Texas Insider
Tanker spat raises threat to US arms salesReutersWASHINGTON (Reuters) – US arms-makers face potential retaliation from Europe after the bitter demise of a transatlantic bid for a potential $50 billion US aerial refueling aircraft contract. At least in the short term, Boeing Co (BA. …Boeing & Airbus-Northrop-Grumman News Has US Employment ImpactTexas Insider
France expresses [...]
Devon, BP Deal Highlights Strong Asset Market – Wall Street Journal
CBC.ca
Devon, BP Deal Highlights Strong Asset MarketWall Street JournalHOUSTON (Dow Jones)–Devon Energy Corp.'s (DVN) deal to sell off the bulk of its offshore and international assets to UK oil giant BP PLC (BP, BP.LN) for $7 billion will help it raise more money than the company …BP joins Brazilian oil rush with $7bn deal to [...]
Stocks churn after two-week run – CNNMoney.com
Stocks churn after two-week runCNNMoney.comBy Alexandra Twin, senior writerMarch 11, 2010: 1:41 PM ET NEW YORK (CNNMoney.com) — Stocks struggled Thursday as investors eyed mixed economic news and a fluctuating US dollar and opted to step back after the recent advance. …CANADA STOCKS-TSX falls as China data weighs on minersReuters
US Stocks Fall As US Jobs [...]
Central TX foreclosures slope 17% in February, up 2.5% year-over-year – Bizjournals.com
Washington Post
Central TX foreclosures slope 17% in February, up 2.5% year-over-yearBizjournals.comTexas foreclosures shot up an average 3.4 percent from January to February, while Central Texas rates fell almost 17 percent, according to new data from RealtyTrac Inc. The Irvine, Calif.-based company, which compiles and sells foreclosure data for its …Foreclosure rates up by smallest amount [...]
Exxon Mobil Announces 2010 Capex Plans – Forbes
Exxon Mobil Announces 2010 Capex PlansForbesIn an analyst meeting, the oil giant said it will spend about $27 billion in 2010 on capital projects, $1 billion more than it spent in 2009. The increase will be in exploration and production projects, while refining and marketing expenditures will …Exxon's Tillerson Bets Gas, Not Oil, Is Key [...]
US Mulls New Rules On Brakes,Black Boxes: Highway-Safety Chief – Wall Street Journal
US Mulls New Rules On Brakes,Black Boxes: Highway-Safety ChiefWall Street JournalWASHINGTON (Dow Jones)–The Obama administration is prepared to require that all US vehicles be equipped with enhanced brake technology if regulators determine such a step could significantly improve vehicle …Safety Regulator Plans Closer Look at Car ElectronicsNew York Times
Toyota troubles put spotlight on US safety [...]
Florida foreclosure filings rise again – Bizjournals.com
Los Angeles Times
Florida foreclosure filings rise againBizjournals.comForeclosure filings in Florida jumped 16.47 percent in February compared with the same period last year and climbed 14.79 percent from January, RealtyTrac reported. Last month there were a total of 54032 foreclosure filings — which include default …Foreclosure rates up by smallest amount in 4 yearsThe Associated Press
Foreclosure [...]
Most US Stocks Fall on Chinese Inflation; Banks, Tech Rally – Bloomberg
Washington Post
Most US Stocks Fall on Chinese Inflation; Banks, Tech RallyBloombergMarch 11 (Bloomberg) — Most US stocks fell as higher- than-estimated inflation in China spurred speculation the nation will be forced to raise interest rates while technology companies and banks rallied. Deere & Co., AK Steel Holding …CANADA STOCKS-TSX falls as China data weighs on [...]
The Papandreou Offensive – BusinessWeek
Telegraph.co.uk
The Papandreou OffensiveBusinessWeekOn the day Prime Minister George Papandreou met with Secretary of State Hillary Clinton, House Speaker Nancy Pelosi, and President Obama, he found time to talk with Charlie Rose. Below are edited excerpts of an interview first televised …EU prepares in case Greek woes spread to SpainReuters
Violence As Greek Unions Hold 24-hour StrikeWall [...]
U.S. Plans New Car-Safety Rules – Wall Street Journal
KOMO News
U.S. Plans New Car-Safety RulesWall Street JournalWASHINGTON—US auto-safety regulators are considering new standards for car brakes, accelerator pedals and "black boxes" that record crash data, the Obama administration's top highway-safety official is expected to testify Thursday …Safety Regulator Plans Closer Look at Electronics in CarsNew York Times
US Auto Regulator Had 'Years of Stagnation,' Dingell [...]
Dodd to Offer Financial Regulation Bill Without GOP – New York Times
Los Angeles Times
Dodd to Offer Financial Regulation Bill Without GOPNew York TimesSenator Christopher J. Dodd, the chairman of the Senate Banking Committee, on Capitol Hill on Wednesday. By SEWELL CHAN WASHINGTON — The chairman of the Senate Banking Committee, hoping to break a months-long logjam on the biggest overhaul of financial …Financial reform bill coming [...]
Obama Details Effort to Double Exports Over Five Years – Wall Street Journal
AFP
Obama Details Effort to Double Exports Over Five YearsWall Street JournalWASHINGTON—Looking to spur the economy and ease joblessness by doubling US exports over the next five years, President Barack Obama is ordering federal agencies to zero in on export promotion, expanding trade-finance opportunities …Obama outlines strategy to boost exportsReuters
Obama creates new export-promotion groupMarketWatchObama pushing a [...]
Jobless claims fall, trade gap narrows – Reuters
Reuters
Jobless claims fall, trade gap narrowsReutersEster Dela Cruz, laid off nine months ago from her job as an elderly care worker, searches for employment at a jobs center in San Francisco, California in this February 4, 2010 file photo. WASHINGTON (Reuters) – The number of US workers filing new …Unemployment claims show long-term problemCNNMoney.com
Jobless Claims [...]
BP Sambas Up with Devon Deal – Wall Street Journal
AFP
BP Sambas Up with Devon DealWall Street JournalBP's all-cash $7 billion purchase of international assets from Devon Energy is the oil major's biggest transaction since the formation of its $8 billion joint venture with Russia's TNK in 2003. The deal barely budges BP's short-term …A look at which oil companies are active in BrazilMarketWatch
BP to [...]
EU prepares in case Greek woes spread to Spain – Reuters
Reuters
EU prepares in case Greek woes spread to SpainReutersBRUSSELS (Reuters) – If Greece's debt crisis is giving the European Union a headache, it is minor compared to the pain it will suffer if a large member state such as Spain sinks into similar trouble. Spain has an unemployment rate of almost 20 percent, …Violence As [...]
Slim Passes Gates, Buffett to Become Forbes Richest – BusinessWeek
The Hindu
Slim Passes Gates, Buffett to Become Forbes RichestBusinessWeekMarch 11 (Bloomberg) — Mexico's Carlos Slim beat Bill Gates and Warren Buffett for the top spot on Forbes magazine's annual list of billionaires, becoming the first person from outside the US to lead the …Mexico's Slim becomes 'world's richest' personThe Associated Press
Carlos Slim Helu is the [...]
BP Sambas Up with Devon Deal – Wall Street Journal
InTheNews.co.uk
BP Sambas Up with Devon DealWall Street JournalBP's all-cash $7 billion purchase of international assets from Devon Energy is the oil major's biggest transaction since the formation of its $8 billion joint venture with Russia's TNK in 2003. The deal barely budges BP's short-term …BP Gains Access to Brazilian Offshore FieldsNew York Times
BP Pays $7 [...]
Foreclosure Filings Increase at Slowest Pace in Four Years – Wall Street Journal
Los Angeles Times
Foreclosure Filings Increase at Slowest Pace in Four YearsWall Street JournalUS foreclosure filings rose 6% in February from a year earlier, the smallest increase in four years, according to RealtyTrac. Severe winter weather temporarily slowed the processing of foreclosure records in some states. …RPT-US foreclosures drop 2nd straight month in Feb-RealtyTracReuters
Foreclosures back on [...]
Offshore Brazil Beckons for BP – Wall Street Journal
MSN Money UK
Offshore Brazil Beckons for BPWall Street JournalLONDON—British oil giant BP PLC said Thursday it bought into a diverse and broad deepwater exploration portfolio that includes assets off the shores of Brazil, Azerbaijan and the US, in a $7 billion deal with US …Futures point to weak Wall St; Devon Energy seen upReuters
BP to [...]
BP Buys Into Deepwater Brazil In $7B Deal With Devon – Wall Street Journal
Citizen
BP Buys Into Deepwater Brazil In $7B Deal With DevonWall Street JournalLONDON (Dow Jones)–UK oil major BP PLC (BP) Thursday said it bought into a diverse and broad deepwater exploration portfolio offshore Brazil, Azerbaijan and the US in a $7 billion deal with …Futures point to weak Wall St; Devon Energy seen upReuters
BP Gains Access [...]
BMW Car Division Returns to Profit in Fourth Quarter – New York Times
France24
BMW Car Division Returns to Profit in Fourth QuarterNew York TimesFRANKFURT — Bayerische Motoren Werke reported Thursday that its car division had returned to profit in the fourth quarter of 2009, as sales stabilized in established markets and grew in emerging countries like China and Brazil. …BMW 2009 profit falls 36 pct to $286 millionThe [...]
Monetary-Policy Fears Rattle Currencies – Wall Street Journal
RTT News
Monetary-Policy Fears Rattle CurrenciesWall Street JournalLONDON—Fear that China will hike interest rates drove the dollar and the yen a little higher in Europe Thursday, but both currencies soon fell back again. The yen made its early gains despite a downward revision to Japanese growth …Swiss Franc at Highest in Year Versus Euro Before Rate [...]
Greeks Hold National Strike Over Budget Cuts – BusinessWeek
Boston Globe
Greeks Hold National Strike Over Budget CutsBusinessWeek(Adds markets in fourth paragraph, quote in seventh paragraph. For more on the Greek crisis, see EXT3 .) By Maria Petrakis and Natalie Weeks March 11 (Bloomberg) — Greece's hospitals, airports and schools were shut today as unions stage the second …Greek workers strike as anger at austerity [...]
BP Pays $7 Billion for Devon Assets in Brazil, Gulf – BusinessWeek
MSN Singapore
BP Pays $7 Billion for Devon Assets in Brazil, GulfBusinessWeekMarch 11 (Bloomberg) — BP Plc, Europe's largest oil and gas company, will pay Devon Energy Corp. $7 billion for assets in Brazil, the Gulf of Mexico and Azerbaijan, adding fields that may extend its production lead over Exxon Mobil Corp …BP to pay Devon [...]
Futures point to weak Wall St; Devon Energy seen up – Reuters
Citizen
Futures point to weak Wall St; Devon Energy seen upReuters(Reuters) – Stock index futures fell on Thursday, pointing to a weaker start for Wall Street. By 0859 GMT (3:59 am ET), futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq slipped 0.2 to 0.3 percent. BP (BP. …BP Gains Access to [...]
BP to pay Devon $7 billion for oil fields – Reuters
MSN Singapore
BP to pay Devon $7 billion for oil fieldsReutersA British Petroleum (BP) sign is seen at a petrol station in south London July 29, 2008. LONDON (Reuters) – London-based oil major BP (BP.L) has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy (DVN.N) for $7 billion, …BP to pay [...]
Greek workers strike as anger at austerity grows – Washington Post
Reuters
Greek workers strike as anger at austerity growsWashington PostATHENS (Reuters) – Greek public and private sector workers went on strike on Thursday, grounding flights, shutting schools and halting public transport in the second nationwide walkout in a fortnight in protest …Strike to paralyze Greece as anger at austerity buildsReuters
Greece Remains Paralyzed In Workers' StrikeRTT NewsGreeks [...]
Greek workers strike as anger at austerity grows – Reuters
Boston Globe
Greek workers strike as anger at austerity growsReutersATHENS, March 11 (Reuters) – Greek public and private sector workers went on strike on Thursday, grounding flights, shutting schools and halting public transport in the second nationwide walkout in a fortnight in …Greece paralyzed by strike over austerity planThe Associated Press
Greece Remains Paralyzed In Workers' StrikeRTT [...]
Chinese Consumer Prices Rose 2.7 Percent – New York Times
The State
Chinese Consumer Prices Rose 2.7 PercentNew York TimesBEIJING — Consumer prices in China rose 2.7 percent in February over the year-earlier period, according to data released on Thursday, partly attributable to the Lunar New Year holiday but also to rising inflationary pressures in …China's Inflation Quickens as Industrial Production ClimbsBusinessWeek
China Shares Rise; Inflation Grows [...]
Valley Unemployment Rate at Levels Unseen in Two Decades – ABC30.com
Washington Post
Valley Unemployment Rate at Levels Unseen in Two DecadesABC30.comFresno, California (KFSN) — The Valley's unemployment rate has risen to levels not seen in nearly two decades. In Merced County, the unemployment rate is a staggering 21.7%, the highest in the Valley. Fresno, Kings, and Tulare Counties are all above …Rise in Washington area unemployment [...]
Number of Chinese billionaires ’second only to US’ – BBC News
Telegraph.co.uk
Number of Chinese billionaires 'second only to US'BBC NewsChina now has more billionaires than any other country besides the United States, according to Forbes magazine. There are a total of 64 people in that bracket in mainland China, the magazine says in its annual list of the world's …Slim Overtakes Gates, Buffett to Become Forbes [...]
Asian Stocks Rise on Outlook for Japanese Economy; BHP Declines – BusinessWeek
Reuters
Asian Stocks Rise on Outlook for Japanese Economy; BHP DeclinesBusinessWeekMarch 11 (Bloomberg) — Asian stocks rose, sending the MSCI Asia Pacific Index toward a seven-week high, as speculation Japan's economy is recovering outweighed concern China will pare back measures that boosted …Asian stocks lower amid spike in China inflationThe Associated Press
Asian stocks reverse direction after [...]
Slim Overtakes Gates, Buffett to Become Forbes Richest Person – BusinessWeek
Telegraph.co.uk
Slim Overtakes Gates, Buffett to Become Forbes Richest PersonBusinessWeekMarch 11 (Bloomberg) — Mexico's Carlos Slim beat Bill Gates and Warren Buffett for the top spot on Forbes magazine's annual list of billionaires, becoming the first person from outside the US to lead the …Profile: Carlos SlimBBC News
It shows the trust in Mexico: Elias AyubABH NewsTechnology's [...]
Unemployment rate drops to 9.7% in January – The Money Times
Washington Post
Unemployment rate drops to 9.7% in JanuaryThe Money TimesAmong the various states that had high jobless rate, Michigan topped the list with unemployment rate of 14.3 percent. In a convincing sign that the nation's economy is rebounding, the national unemployment …Rise in Washington area unemployment seen as good sign for economy's recoveryWashington Post
Australia unemployment [...]
Offshore Brazil Beckons for BP – Wall Street Journal
BBC News
Offshore Brazil Beckons for BPWall Street JournalBritish oil giant BP PLC agreed Thursday to acquire a big swath of oil assets from US independent oil and gas producer Devon Energy Corp. The deal, worth $7 billion, will vault BP into the hot new oil region off the …BP to pay Devon $7 billion for [...]
SNB May Keep Main Rate Near Zero as Economy Recovers – BusinessWeek
Forex District
SNB May Keep Main Rate Near Zero as Economy RecoversBusinessWeekMarch 11 (Bloomberg) — The Swiss central bank may leave its benchmark interest rate near zero today to bolster a recovery from the worst recession in more than three decades. The SNB has held its main rate close to zero for a year and …SNB [...]
FOREX-Yen up after strong China data, Aussie falls – Reuters
FOREX-Yen up after strong China data, Aussie fallsReutersTOKYO, March 11 (Reuters) – The yen rose on Thursday as traders cut risky positions in other higher-yielding currencies after strong Chinese data added to expectations that Beijing will take more monetary tightening steps and let the …Asian Stocks Fluctuate on Mixed View for China, Japan EconomiesBusinessWeek
Asian stocks [...]
Prius inquiry takes a detour – Los Angeles Times
Telegraph.co.uk
Prius inquiry takes a detourLos Angeles TimesRift over involvement of a congressman's aide in the runaway Toyota case in San Diego County causes an hours-long delay. By Nathan Olivarez-Giles Federal inspection of the runaway Toyota Prius that took a wild ride on a San Diego County freeway was …Toyota Complaints Surged After First RecallWall Street [...]
US foreclosures drop 2nd straight month in Feb-RealtyTrac – Reuters
Real Estate Channel
US foreclosures drop 2nd straight month in Feb-RealtyTracReutersNEW YORK, March 11 (Reuters) – US mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on …Foreclosure rates up by smallest amount in 4 yearsThe Associated [...]
Mexico’s Slim named ‘world’s richest’ person – BusinessWeek
The Hindu
Mexico's Slim named 'world's richest' personBusinessWeekMexico's Carlos Slim, the son of an immigrant shopkeeper who amassed a $53.5 billion fortune and bought a major stake in the New York Times, became the first person from a developing nation to be named the world's richest person. …Carlos Slim Tops Forbes List of BillionairesNew York Times
Technology's [...]
Asia’s Billionaires Set World-Beating Pace, Forbes Says – BusinessWeek
Times Online
Asia's Billionaires Set World-Beating Pace, Forbes SaysBusinessWeekMarch 11 (Bloomberg) — Asian billionaires including India's Mukesh Ambani and Hong Kong's Li Ka-shing increased their wealth as the region's rich expanded their fortunes at the world's quickest pace in the past year, Forbes magazine said. …Carlos Slim Tops Forbes List of BillionairesNew York Times
Technology's Richest BillionairesForbesMexican [...]
Oil slips from $82 – Reuters
Washington Post
Oil slips from $82ReutersSINGAPORE (Reuters) – Oil fell to below $82 on Thursday on expectations for OPEC to keep pumping above quotas in the second quarter, pulling prices down from eight-week highs reached a day earlier. Falling fuel inventories in the United States and the …Oil Trades Below $82 After Rising on US Fuel [...]
Unemployment tops 20% in eight California counties – Los Angeles Times
Los Angeles Times
Unemployment tops 20% in eight California countiesLos Angeles TimesThe state's jobless rate of 12.5% in January was its worst on record and fifth-highest in the nation. Job seekers surround a recruiter for California Prison Health Care Services at a job fair last month in Ontario. Unemployment in the Inland Empire in …Rise in [...]
Japan growth revised down, as deflation deepens – MarketWatch
RTT News
Japan growth revised down, as deflation deepensMarketWatchBy MarketWatch TOKYO (MarketWatch) — The Japanese government revised fourth-quarter gross domestic product growth down Thursday, due to slightly weaker corporate capital expenditures and private inventories, and also tweaked down a gauge measuring …Japan Revises Down GDPWall Street Journal
Japan revises down 4Q economic growthThe Associated PressJapan Q4 Real [...]
Unemployment tops 20% in eight California counties – Los Angeles Times
MiamiHerald.com
Unemployment tops 20% in eight California countiesLos Angeles TimesThe state's jobless rate of 12.5% in January was its worst on record and fifth-highest in the nation. Job seekers surround a recruiter for California Prison Health Care Services at a job fair last month in Ontario. Unemployment in the Inland Empire in …Rise in Washington area [...]
Bank of Korea’s Lee Keeps Rate Unchanged at His Final Meeting – BusinessWeek
Yonhap News
Bank of Korea's Lee Keeps Rate Unchanged at His Final MeetingBusinessWeekMarch 11 (Bloomberg) — Bank of Korea Governor Lee Seong Tae kept the benchmark interest rate unchanged at his final meeting as the government pressed for low borrowing costs to spur investment and cut unemployment. …Bank of Korea stands pat on policy interest rateMarketWatch
South [...]
Rise in Washington area unemployment seen as good sign for economy’s recovery – Washington Post
MiamiHerald.com
Rise in Washington area unemployment seen as good sign for economy's recoveryWashington PostAs the area's economy starts to recover, employment officials say they are seeing more job fairs and job postings. (Marvin Joseph/the Washington Post) By V. Dion Haynes Unemployment rates rose in the District, Maryland and Virginia in January, …Jobs ticking up in many [...]
Japan Revises Down GDP – Wall Street Journal
Japan Revises Down GDPWall Street JournalTOKYO — The Japanese government Thursday revised down its reading on the economy's fourth-quarter growth rate, saying business investment was weaker than initially thought. Gross domestic product expanded at a price-adjusted …Japan's Q4 growth revised down to 0.9%MarketWatch
Japan revises down 4Q economic growthThe Associated PressJapan Q4 Final GDP +0.9% On [...]
Offshore Brazil Beckons for BP – Wall Street Journal
Reuters
Offshore Brazil Beckons for BPWall Street JournalBritish oil giant BP PLC is set to acquire a big swath of oil assets from US independent oil and gas producer Devon Energy Corp. The deal, worth up to $6 billion, would vault BP into the hot new oil region off the …BP bidding on a package of [...]
Citi Takes Another Step Toward Normalcy With TRUPs Sale – Wall Street Journal
Citi Takes Another Step Toward Normalcy With TRUPs SaleWall Street JournalNEW YORK (Dow Jones)–Investors' enthusiastic reception for Citigroup's (C) sale of $2 billion of trust preferred securities Wednesday takes the once-tottering bank another step closer to repairing its …Citigroup Sells $2 Billion of TruPS With 8.5% YieldBusinessWeek
Citi preferred securities sale passes litmus testReutersCitigroup Up as [...]
Technology’s Richest Billionaires – Forbes
Globe and Mail
Technology's Richest BillionairesForbesBill Gates loses top spot, but stock surge lifts fortunes of youngest and once-young technology moguls. Bill Gates is no longer the world's richest man. Though the software visionary's net worth rose $13 billion to a whopping $53 billion in the last …Mexico's Carlos Slim overtakes Gates in world rich listBBC [...]
Silverstein could default on midtown tower – Crain’s New York Business
Silverstein could default on midtown towerCrain’s New York Business$325 million loan on 575 Lexington Ave. is transferred to special servicers; move does not affect developer's other properties, including those at Ground Zero. Developer Larry Silverstein could default on one of his office buildings. …Silverstein May Default on Debt for 575 Lexington, Fitch SaysBusinessWeek
Silverstein Building in [...]
BP bidding on a package of Devon’s assets: sources – Reuters
Reuters
BP bidding on a package of Devon's assets: sourcesReutersA British Petroleum (BP) sign is seen at a petrol station in south London July 29, 2008. NEW YORK/LONDON (Reuters) – BP Plc (BP.L) is bidding on a package of Devon Energy Inc (DVN.N) assets that the US energy company put up for sale late last year, [...]
Mexico asks IMF to renew $48 bln credit line – Reuters
Hurriyet Daily News
Mexico asks IMF to renew $48 bln credit lineReutersMEXICO CITY, March 10 (Reuters) – Mexico asked the International Monetary Fund to renew a $48 billion credit line on Wednesday to protect against possible market turmoil when rich nations withdraw life support from their economies. …Mexico to Renew $48 Billion Credit Line With IMFBusinessWeek
Turkey [...]
Top postal service official addresses shortfall, rivals – Atlanta Journal Constitution
KARE
Top postal service official addresses shortfall, rivalsAtlanta Journal ConstitutionEvery time you hit “submit” to pay a bill online, you're making a decision that makes Patrick Donahoe cringe. "I wish you wouldn't do that," said Donahoe, the deputy postmaster general of the United States Postal Service who …Olivehurst mail facility to be closedAppeal-Democrat
USPS should engage public [...]
Psychiatric Solutions weighs sale of company – Reuters
The Business Insider
Psychiatric Solutions weighs sale of companyReutersPHILADELPHIA, March 10 (Reuters) – Mental health facilities operator Psychiatric Solutions Inc (PSYS.O) said it hired Goldman Sachs as its financial adviser after being approached by third parties about a possible acquisition of the company. …Psych Solutions Pops On Buyout ChatterForbes
Psychiatric Solutions Says Approach Made by PurchaserBusinessWeekPsychiatric Solutions [...]
Gymboree 4Q Profit Jumps 13%; Plans Mideast Franchise Expansion – Wall Street Journal
Reuters
Gymboree 4Q Profit Jumps 13%; Plans Mideast Franchise ExpansionWall Street JournalGymboree Corp.'s (GYMB) fiscal fourth-quarter profit grew 13% as the children's apparel maker posted higher sales and margins. Shares were up 2.8% at $47.60 in after-hours trading, as the earnings results topped the company's February projection. …Gymboree Q4 profit beats Street; Q1 view strongReuters
Gymboree's profits [...]
Stocks rise after inventories fall and sales gain – The Associated Press
MiamiHerald.com
Stocks rise after inventories fall and sales gainThe Associated PressNEW YORK — Stocks continued their slow trek higher after the government's report of a drop in companies' inventories during January. The Commerce Department says Wednesday that wholesale inventories fell 0.2 percent in January. …Wholesale Inventories in US Fell 0.2% in JanuaryBusinessWeek
Unexpected drop in wholesale inventories [...]
Orange Juice Extends Slump to Longest in Two Months on Forecast – BusinessWeek
Plain Dealer
Orange Juice Extends Slump to Longest in Two Months on ForecastBusinessWeekMarch 10 (Bloomberg) — Orange-juice futures fell for a third straight day, the longest slump since December, after the citrus crop in Florida was projected to be bigger than forecast. “We had increased box count, so that's why …Summary Box: Tropicana Sizes, PricesABC News
OJ [...]
OPEC, EIA lift demand views, but US data still seen bearish – MarketWatch
Globe and Mail
OPEC, EIA lift demand views, but US data still seen bearishMarketWatchBy Nick Godt & Polya Lesova, MarketWatch NEW YORK (MarketWatch) — Crude-oil futures rose to finish above $82 a barrel on Wednesday, lifted by better-than-expected US supplies data, a strong economic report from China and forecasts of higher global …Skepticism Over OPEC's Demand [...]
Geithner vows to continue financial stabilization – Reuters
Reuters
Geithner vows to continue financial stabilizationReutersTreasury Secretary Timothy Geithner testifies before the House Budget Committee on the Treasury Department's Fiscal Year 2011 Budget in Washington February 24, 2010. WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner on Tuesday said the Obama …Geithner praises B. of A. overdraft fee cutMarketWatch
Geithner: Voluntary Consumer Protections By Banks Not EnoughNASDAQTreasury [...]
Psychiatric Solutions in Talks with Bain Capital – Wall Street Journal
The Business Insider
Psychiatric Solutions in Talks with Bain CapitalWall Street JournalPsychiatric Solutions Inc., a for-profit operator of mental-health hospitals and clinics, is in talks to be acquired by private-equity firm Bain Capital, according to several people familiar with the matter. …Psych Solutions Jumps On Buyout ChatterForbes
Psychiatric Solutions shares rise on buyout reportThe Associated PressPsychiatric Solutions [...]
Skepticism Over OPEC’s Demand Forecast – Forbes
Globe and Mail
Skepticism Over OPEC's Demand ForecastForbesOne analyst thinks that overstated growth in China is driving the cartel's rosier view on 2010. After a recession-driven slump around the world, government stimulus efforts may fuel a rebound in oil demand in 2010. So says the Organization of Petroleum …OPEC raises 2010 oil demand forecastThe Associated Press
China [...]
Google Apps Store Supports Small Businesses – TheStreet.com
New Zealand Herald
Google Apps Store Supports Small BusinessesTheStreet.comMOUNTAIN VIEW, Calif. (TheStreet) — Google(GOOG), ever a champion of doing business on the Internet, has opened the Google Apps Marketplace, a Webfront store that sells third-party business applications that can …Google Apps Store Seeks Cloud Collaboration BoostPC World
Google launches store for third-party Web appsTechSpotGoogle's Marketplace Spells Trouble [...]
Unemployment Fell in Nine US States as Michigan Made Headway – BusinessWeek
Washington Times
Unemployment Fell in Nine US States as Michigan Made HeadwayBusinessWeekMarch 10 (Bloomberg) — Unemployment decreased in nine US states in January, led by an improvement in Michigan that demonstrates factories are driving the economic rebound. Michigan's jobless rate fell to 14.3 percent, …Parkinson calls Kan. jobless rate `discouraging'The Associated Press
Md. unemployment worsened in Jan.Bizjournals.comCalif. [...]
Parkinson calls Kan. jobless rate `discouraging’ – The Associated Press
Washington Times
Parkinson calls Kan. jobless rate `discouraging'The Associated PressTOPEKA, Kan. — Gov. Mark Parkinson called Kansas' first unemployment report for 2010 "discouraging," urging legislators Wednesday to put politics aside in finding solutions. The state Department of Labor says Kansas' jobless rate in January was 7.1 …Md. unemployment worsened in Jan.Bizjournals.com
Maryland jobless rate edges up to [...]
BA-American Offer Antitrust Remedies For Alliance – Wall Street Journal
BBC News
BA-American Offer Antitrust Remedies For AllianceWall Street JournalBRUSSELS (Dow Jones)–British Airways PLC (BAY.LN), AMR Corp.'s (AMR) American Airlines and Iberia Lineas Aereas de Espana SA (IBLA.MC) have offered to give up a number of key trans-Atlantic takeoff and landing …AMR, oneworld alliance want to swap slots for immunityBizjournals.com
BA, American, Iberia offer EU antitrust concessionsReutersEU [...]
Oil Slips Despite Tightening Supplies – Wall Street Journal
The Money Times
Oil Slips Despite Tightening SuppliesWall Street JournalNEW YORK—Crude futures turned negative Wednesday after a failed run at a new 2010 high on a report showing tightening fuel supplies. Light, sweet crude for April delivery recently traded down 43 cents, or 0.5%, at $81.06 a barrel on the …NYMEX-Crude slips lower after rise on [...]
Financial Rally Can’t Spur Street – Forbes
Boston Globe
Financial Rally Can't Spur StreetForbesUS stocks struggled to stay in positive territory heading into Wednesday afternoon after a disappointing wholesale inventories reading and discouraging employment data from several states. The Commerce Department said wholesale inventories unexpectedly …Wholesale Inventories in US Fell 0.2% in JanuaryBusinessWeek
Wholesale inventories fall while sales increaseThe Associated PressWholesale Inventories Fall, Restocking [...]
Wholesale inventories fall while sales increase – The Associated Press
Boston Globe
Wholesale inventories fall while sales increaseThe Associated PressWASHINGTON — Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves. …Wholesale Inventories in US Fell 0.2% in JanuaryBusinessWeek
Wholesale Inventories Fall, Restocking ExpectedABC [...]
Unemployment insurance: A primer on the key issue facing Indiana lawmakers – Henderson Gleaner
Norwalk Reflector
Unemployment insurance: A primer on the key issue facing Indiana lawmakersHenderson GleanerINDIANAPOLIS — The key decision state lawmakers must make before adjourning for the year is what to do about a scheduled business tax hike that was intended to replenish the state's bankrupt unemployment insurance fund, …Jobless rates rise in Indiana, OhioFort Wayne Journal [...]
Financials, Tech Lead US Stocks Higher After Inventory Data – Wall Street Journal
Reuters
Financials, Tech Lead US Stocks Higher After Inventory DataWall Street JournalNEW YORK (Dow Jones)–Financials and technology stocks helped lead US stocks slightly higher on Wednesday, as the economic outlook brightened after the US wholesalers' inventories showed unexpected demand for goods in January. The Dow Jones Industrial …US Stocks Erase Gains Amid Concern Over Chinese InflationBusinessWeek
Stocks [...]
Ex-New York Pension Fund Officer Pleads Guilty – BusinessWeek
New York Daily News
Ex-New York Pension Fund Officer Pleads GuiltyBusinessWeekMarch 10 (Bloomberg) — David Loglisci, former chief investment officer of the New York state pension fund under former comptroller Alan Hevesi, pleaded guilty in connection with corruption at the fund. Loglisci, 38, pleaded guilty to …NY's former top pension exec pleads guilty to felony: CuomoNew [...]
Toyota Prius acceleration incident reported in New York – Reuters
CBC.ca
Toyota Prius acceleration incident reported in New YorkReutersDETROIT (Reuters) – Federal regulators said they were looking into a report of another runaway Toyota Prius, this one in Westchester County, New York, where police said a woman pulling out of a driveway zoomed across a busy street and into a stone wall …Runaway Prius Tale Prompts [...]
Bank of America to stop debit card overdrafts – Forbes
Reuters
Bank of America to stop debit card overdraftsForbesNEW YORK — Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations …Hold Your Applause for Bank of America's Overdraft AnnouncementAtlantic Online
BofA [...]
Huron County jobless rate jumps to 18.3 percent – Norwalk Reflector
Norwalk Reflector
Huron County jobless rate jumps to 18.3 percentNorwalk ReflectorHuron County's unemployment rate rose to 18.3 percent in January, the exact rate it was a year ago when it ranked No. 1 among Ohio's 88 counties. This time, though, five counties …Indiana Jobless Rate Holds at 9.7 Percent in Jan.ABC News
Jobless rates rise in Indiana, [...]
Teens Are Wind Beneath Eagle’s Wings – Forbes
RTT News
Teens Are Wind Beneath Eagle's WingsForbesAmerican Eagle Outfitters rallies after shaking off recession to book 81% profit growth in the fourth quarter. Investors happily shopped for shares of American Eagle Outfitters on Wednesday after the company reported stellar fourth-quarter earnings. …American Eagle outlook strong, shares jumpReuters
American Eagle Outfitters 4th-quarter profit risesBusinessWeekAmerican Eagle, J. Crew [...]
Wholesale Inventories in US Fell 0.2% in January – BusinessWeek
Washington Post
Wholesale Inventories in US Fell 0.2% in JanuaryBusinessWeekMarch 10 (Bloomberg) — Inventories at US wholesalers unexpectedly fell in January for a second month, signaling companies had difficulty keeping pace with demand. The 0.2 percent decline in the value of stockpiles followed a …Wholesale inventories fall while sales increaseThe Associated Press
Wholesale Inventories Fall, Restocking ExpectedABC [...]
US Stocks Rise As Inventory Data Shows Demand; DJIA Up 24 – Wall Street Journal
US Stocks Rise As Inventory Data Shows Demand; DJIA Up 24Wall Street JournalNEW YORK (Dow Jones)–US stocks edged up Wednesday as the Commerce Department's latest report on US wholesalers' inventories showed demand pulled goods off shelves in January. The Dow Jones Industrial …Stocks led higher by bank, tech sharesCNNMoney.com
Stocks rise after inventories fall but sales [...]
NY AG To Announce Development In Pension Fund Probe Wed – Wall Street Journal
New York Daily News
NY AG To Announce Development In Pension Fund Probe WedWall Street JournalNEW YORK (Dow Jones)–New York Attorney General Andrew Cuomo will announce a new development Wednesday in a "pay-to-play" probe involving the state's largest pension fund. Cuomo is expected to discuss the development …Ex-NY Investment Officer Pleads Guilty to CorruptionNew York Times [...]
Another Quiet Open on Wall Street – New York Times
Washington Post
Another Quiet Open on Wall StreetNew York TimesBy AP Wall Street shares slipped into a now-familiar pattern on Wednesday, searching for direction after two days of relatively flat trading. All three indexes were a few points higher in early trading. A market surge that began a year ago appears to …Stocks led higher by [...]
American Eagle outlook strong, shares jump – Reuters
RTT News
American Eagle outlook strong, shares jumpReutersNEW YORK, March 10 (Reuters) – American Eagle Outfitters Inc (AEO.N) posted sharply higher quarterly profit on improving sales and fewer price markdowns, and the teen clothing retailer forecast first-quarter profit that could top Wall Street estimates, …American Eagle Outfitters 4th-quarter profit risesBusinessWeek
American Eagle, J. Crew set mixed retail [...]
Runaway Prius Tale Prompts New Probe – Wall Street Journal
Globe and Mail
Runaway Prius Tale Prompts New ProbeWall Street JournalToyota Motor Corp. and federal investigators probed the latest report of sudden acceleration Tuesday, a dramatic incident on a California highway that ricocheted around the Internet. A California man called 911 for …Police probe Toyota Prius crash in NYC suburbThe Associated Press
Runaway Toyotas: Listen to the [...]
Google Apps Marketplace open for business – Christian Science Monitor
The Guardian (blog)
Google Apps Marketplace open for businessChristian Science MonitorThe Google Apps Marketplace will make it easier for companies to download and manage third-party applications, Google says. The Google Apps Marketplace will make it easier to wrench around backstage on the Google Apps platform. …eBay Extends Its Apps Store, Google Launches Apps Store for Biz [...]
Futures Search for Direction – Wall Street Journal
Washington Post
Futures Search for DirectionWall Street JournalUS stock futures held to a tight range Wednesday, tracking listless overseas trading, with little to focus on outside of a smattering of wholesale inventory data due later. More than two hours before the start of trading, …Stock futures narrowly mixed ahead of openingThe Associated Press
Stocks leaning toward gainsCNNMoney.comFutures, [...]
Munich Re CEO – Buffett stake backs our strategy – Reuters
The Hindu
Munich Re CEO – Buffett stake backs our strategyReutersMUNICH, March 10 (Reuters) – Munich Re (MUVGn.DE) sees star investor Warren Buffett's stake in the reinsurer as evidence that he backs its long-term strategy aimed at creating stability, Munich Re's chief executive said on Wednesday. …Munich Re Buyback Completion Depends on Stock Price, CEO SaysBusinessWeek
FOCUS: [...]
Google announces a new Apps Marketplace – VatorNews
Fast Company
Google announces a new Apps MarketplaceVatorNewsFor once, Google is actually admitting it can't do it all. That's why the company launched the Google Apps Marketplace last night as a new way for third-party software providers to sell Google Apps add-ons to individuals and businesses taking advantage …Google Apps Marketplace: Google Launches It's Own App [...]
OPEC raises 2010 oil demand forecast – The Associated Press
France24
OPEC raises 2010 oil demand forecastThe Associated PressCAIRO — World oil demand is projected to grow by 900000 barrels per day in 2010, OPEC said Wednesday, revising up its previous month's forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in the …OPEC Raises Forecast for Oil Demand on [...]
Google Apps Marketplace to Stoke Partner Software Sales – eWeek
Fast Company
Google Apps Marketplace to Stoke Partner Software SaleseWeekGoogle March 9 confirmed rumors that it was expanding its third-party application efforts with the launch of the Google Apps Marketplace. This online store, which launches with 50 partners March 9, lets third-party developers create and sell software …Google Apps Marketplace: Google Launches It's Own App StoreBlack [...]
ID theft protection firm LifeLock must repay customers – MiamiHerald.com
eCreditDaily.com
ID theft protection firm LifeLock must repay customersMiamiHerald.comFlorida and 34 other states will split $11 million to give to consumers courtesy of identity theft company LifeLock, a deal reached Tuesday that settles allegations that the company's advertising was misleading. …Lifelock to pay $12 million to settle deceptive practices claimCNET
Iowa part of settlement with LifeLockRadio IowaLifeLock [...]
Collective Brands, J. Crew, Facet Biotech, Navistar, Ness – MarketWatch
RTT News
Collective Brands, J. Crew, Facet Biotech, Navistar, NessMarketWatchBy MarketWatch TEL AVIV (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday's session are Abbott Labs, American Eagle, Children's Place, Collective Brands, J. Crew, Facet Biotech, Navistar and Ness. …Abbot Labs to Acquire Facet BiotechBloggingStocks (blog)
Abbott to buy Facet for [...]
BEFORE THE BELL: US Stock Futures Mixed On Little Focus – Wall Street Journal
Reuters
BEFORE THE BELL: US Stock Futures Mixed On Little FocusWall Street JournalUS stock futures held to a tight range Wednesday, with little to focus on outside of a smattering of merger news and wholesale inventory data due later, as markets paused following the run-up in prices from one-year depth. …Stock futures signal higher open; Facet [...]
US Futures Search for Direction – Wall Street Journal
Reuters
US Futures Search for DirectionWall Street JournalUS stock futures held to a tight range Wednesday, tracking listless overseas trading, with little to focus on outside of a smattering of wholesale inventory data due later. More than two hours before the start of trading, …Stock futures signal higher open; Facet eyedReuters
Stocks leaning toward gainsCNNMoney.comStock futures inch [...]
China’s Exports Rise 46% – New York Times
The Hindu
China's Exports Rise 46%New York TimesMigrant workers shown packing crayons at a toy factory in Dongguan, in Guangdong Province, this week. China on Wednesday reported that exports grew for the third consecutive month. By SHARON LAFRANIERE BEIJING —China announced Wednesday that its …China Property Prices Jump, Highlighting Bubble RiskBusinessWeek
China exports leap 46% in FebruaryLos [...]
OPEC Raises Forecast for Oil Demand on Lower NGL Estimate – BusinessWeek
Globe and Mail (blog)
OPEC Raises Forecast for Oil Demand on Lower NGL EstimateBusinessWeekMarch 10 (Bloomberg) — The Organization of Petroleum Exporting Countries said it will need to pump more crude than previously forecast this year after cutting its outlook for production of natural gas liquids. …OPEC raises world oil demand forecast for 2010MarketWatch
OPEC raises 2010 [...]
Regulator Fines Fortis EUR576,000 For Market Manipulation – Wall Street Journal
Regulator Fines Fortis EUR576,000 For Market ManipulationWall Street JournalBy Maarten van Tartwijk AMSTERDAM (Dow Jones)–Dutch financial markets regulator AFM Wednesday said it has fined former Benelux financial services giant Fortis NV EUR576,000 for downplaying its solvency problems and withholding share price sensitive …Dutch fine Fortis for false informationThe Associated Press
Fortis Swings To Profit In FY09; [...]
OIL FUTURES: Crude Listless In Asia Ahead Of US Stocks Report – MarketWatch
Washington Post
OIL FUTURES: Crude Listless In Asia Ahead Of US Stocks ReportMarketWatchSINGAPORE (MarketWatch) — Crude oil futures traded sideways in Asia hours Wednesday amid mixed regional equities as the market awaited release of weekly US inventories data for signs on demand in the world's largest energy consumer. …Oil Little Changed Before Report Forecast to Show [...]
Northern Rock’s Government Loan Surges – Wall Street Journal
The Guardian
Northern Rock's Government Loan SurgesWall Street JournalLONDON—Northern Rock, the mortgage lender nationalized by the UK government after its near-collapse, said its net loss narrowed in 2009, while its loan from the government rose sharply. Northern Rock's full-year net loss narrowed to …Northern Rock Bounces BackForbes
Northern Rock Narrows Loss; Bad Loan Provisions RiseBusinessWeekNationalized UK bank [...]
Northern Rock Bounces Back – Forbes
Telegraph.co.uk
Northern Rock Bounces BackForbesThe nationalized British bank cuts its losses while the pound slides on more concerns about the UK economy. LONDON — The British bank that was once a symbol of the devastating effects of the global credit crunch looks to finally be on the mend. …Northern Rock Narrows Loss; Bad Loan Provisions RiseBusinessWeek
Nationalized [...]
Fortis Resumes Dividend, Reduces Greek Bond Holdings – BusinessWeek
Fortis Resumes Dividend, Reduces Greek Bond HoldingsBusinessWeek(Updates with analyst comment starting in fourth paragraph, shares in fifth, Dutch fine in 11th graph.) By John Martens and Martijn van der Starre March 10 (Bloomberg) — Fortis, the owner of Belgium's biggest life insurer, will resume shareholder …Dutch fine Fortis for false informationThe Associated Press
Belgium's Fortis to [...]
Chile Quake to Cost Up to $7 Billion, Biggest Reinsurers Say – BusinessWeek
BBC News
Chile Quake to Cost Up to $7 Billion, Biggest Reinsurers SayBusinessWeekMarch 10 (Bloomberg) — The Chile earthquake, the fifth strongest in a century, may cost insurers $4 billion to $7 billion, according to estimates today from the world's largest reinsurance companies. The 8.8-magnitude temblor that …Swiss Re, Munich Re face $500 mln losses in [...]
Northern Rock Narrows Loss; Bad Loan Provisions Rise – BusinessWeek
The Guardian
Northern Rock Narrows Loss; Bad Loan Provisions RiseBusinessWeekMarch 10 (Bloomberg) — Northern Rock (Asset Management) Plc, the nationalized UK lender closed to new customers, said bad loan provisions rose as its 2009 loss narrowed. The full-year net loss was 309.1 million pounds ($470 million) …Nationalized UK bank Northern Rock back in profitThe Associated Press
Northern [...]
UK industrial output falls 0.4% in January – BBC News
BBC News
UK industrial output falls 0.4% in JanuaryBBC NewsOutput fell by 0.4% compared with December, the Office for National Statistics (ONS) said. Analysts had expected a rise of 0.3%. A strong December figure and poor weather were largely to blame for the drop in production, the ONS added. …UK Manufacturing Output SlumpsWall Street Journal
U.K. Jan. [...]
German exports unexpectedly drop in January – MarketWatch
RTT News
German exports unexpectedly drop in JanuaryMarketWatchFRANKFURT (MarketWatch) — Germany's exports unexpectedly declined in January compared to the previous month, official data showed on Wednesday, highlighting risks of a bumpy recovery in Europe's largest economy. …German exports 'hit by cold weather'BBC News
German Exports Drop For First Time In Five MonthsRTT NewsGerman January exports up 0.2 [...]
Papandreou Says Obama Supports Greece Crisis Meaures – BusinessWeek
Globe and Mail
Papandreou Says Obama Supports Greece Crisis MeauresBusinessWeek(Adds bonds in 11th paragraph, Prodi quote in 12th. For more on the Greek fiscal crisis, see EXT3 .) By Kate Andersen Brower March 10 (Bloomberg) — Greek Prime Minister George Papandreou said President Barack Obama expressed support for measures being …Greek PM: Obama receptive to reining [...]
Oil Falls a Second Day on Forecast for US Stockpile Increase – BusinessWeek
Washington Post
Oil Falls a Second Day on Forecast for US Stockpile IncreaseBusinessWeekMarch 10 (Bloomberg) — Oil fell for a second day before a government report that's forecast to show an increase in US crude supplies, fanning concern that demand in the world's biggest energy user is slow to recover. …OIL FUTURES: Crude Oil Trends Down [...]
China Property Sales Rise 70.2% in First Two Months of This Year – BusinessWeek
Austin American-Statesman
China Property Sales Rise 70.2% in First Two Months of This YearBusinessWeekMarch 10 (Bloomberg) — Property sales in China by value rose 70.2 percent in the first two months of this year, the statistics bureau said on its Web site today. Property sales by floor area rose 38.2 percent in the first two months, [...]
Northern Rock loss narrows, CEO waives bonus – MarketWatch
Sky News
Northern Rock loss narrows, CEO waives bonusMarketWatchLONDON (MarketWatch) — Nationalized UK mortgage bank Northern Rock said Wednesday that its 2009 net loss narrowed to 309.1 million pounds ($462 million) from 1.38 billion pounds a year earlier, helped by higher net interest income and tight cost …Northern Rock Asset Management Narrows Loss, Provisions RiseBusinessWeek
Nationalized UK [...]
California Prius incident probed – Detroit Free Press
ABC News
California Prius incident probedDetroit Free PressWASHINGTON — As Toyota sought to contain the fallout from a California sudden-acceleration case caught on camera, its dealers accused General Motors of offering predatory incentives using federal money. The Japanese automaker and the …U.S. investigating Toyota Prius incident: reportsMarketWatch
Runaway Prius Tale Prompts New ProbeWall Street Journal2 Reports of [...]
Munich Re eyes 2 bln eur 2010 profit despite quake – Reuters
BBC News
Munich Re eyes 2 bln eur 2010 profit despite quakeReutersMUNICH, March 10 (Reuters) – Munich Re (MUVGn.DE) expects to earn a net profit of more than 2 billion euros ($2.7 billion) this year despite loss claims from an earthquake in Chile and European wind storm Xynthia, it said on Wednesday. …Swiss Re, Munich Re [...]
Cathay Pacific Shares Set to Cruise Higher: Charts – CNBC
Cathay Pacific Shares Set to Cruise Higher: ChartsCNBCCathay Pacific's posted its best six-month profit in two years on Wednesday, lending support to its shares which were already up nearly 2 percent ahead of the results. While it's easy to attribute the recent stock gains to the Hong Kong flagship …Citic Pacific Posts ProfitWall Street Journal
Cathay [...]
U.S. investigating Toyota Prius incident: reports – MarketWatch
Reuters
U.S. investigating Toyota Prius incident: reportsMarketWatchLOS ANGELES (MarketWatch) — The US National Highway Traffic Safety Administration has sent investigators to look into the case of a Toyota Motor Corp. (TSE:JP:7203) (NYSE:TM) Prius that sped out of control near San Diego, Calif., according to reports …Runaway Prius Tale Prompts New ProbeWall Street Journal
2 Reports of Trouble [...]
Japanese Shares Slip on Lower Shipping Rates, Deflation Concern – BusinessWeek
Earthtimes (press release)
Japanese Shares Slip on Lower Shipping Rates, Deflation ConcernBusinessWeekMarch 10 (Bloomberg) — Japanese shares fell after a gauge of commodity-transport fees dropped and a central bank report stoked concern deflation will hurt company earnings. Kawasaki Kisen Kaisha Ltd., …Japan's Producer Prices Tumble as Deflation PersistsBloomberg
Nikkei flat; machine stocks gain but Toyota fallsReutersJapan Deflation [...]
Google Opens Online Applications Store to Attract Developers – BusinessWeek
TrustedReviews
Google Opens Online Applications Store to Attract DevelopersBusinessWeekMarch 10 (Bloomberg) — Google Inc., owner of the most popular Internet search engine, opened an online store that helps developers of business software sell their own programs. More than 50 companies are involved in the store initially …Google opens Web store for business applicationsThe Associated Press
Google opens [...]
Google opens marketplace for cloud apps – Computerworld
ZDNet (blog)
Google opens marketplace for cloud appsComputerworldComputerworld – In another move to work its way into the enterprise, Google has unveiled an online store where users can buy cloud-based applications designed to work with Google's own apps. The Google Apps Marketplace goes live …Google announces 'apps store' for developersSan Jose Mercury News
What's next for Google's [...]
Stocks Eke Out Gain; Citi Jumps, Cisco Skids – CNBC
Boston Globe
Stocks Eke Out Gain; Citi Jumps, Cisco SkidsCNBCStocks eked out a modest gain Tuesday as this one-year anniversary of the March 2009 lows brought a mix of profit-taking and optimism. It's hard to believe, this time last year, the Dow was at 6547. Traders had expected some profit-taking today — even …U.S. stocks offer [...]
2 Reports of Trouble in Stopping Priuses – New York Times
The Guardian
2 Reports of Trouble in Stopping PriusesNew York TimesJust as Toyota was trying to reassure customers about the effectiveness of its recalls, two new reports of unintended acceleration emerged this week. Denis Poroy/Associated Press James Sikes stopped his 2008 Prius on Monday in …Runaway Prius Tale Prompts New ProbeWall Street Journal
Toyota faced with 2 [...]
U.S. stocks offer muted cheer on bear anniversary – MarketWatch
Financial Post
U.S. stocks offer muted cheer on bear anniversaryMarketWatchNEW YORK (MarketWatch) — US stocks on Tuesday ended mildly higher in marking the one-year anniversary since the bear market bottom. "The best thing going for the market now is earnings estimates for this year and next are very positive, and there is a …US Stocks Edge [...]
Cisco Touts Faster Web Router – Wall Street Journal
Reuters
Cisco Touts Faster Web RouterWall Street JournalIn a presentation Tuesday that was broadcast over the Internet, Cisco CEO John Chambers discussed new equipment for managing Web traffic. Cisco Systems Inc. Tuesday unveiled a piece of equipment for the core of the Internet it says can …U.S. stock end up, with financials in spotlightMarketWatch
Cisco unveils ultra-fast [...]
Swaps Come Under Fire – Wall Street Journal
The Guardian
Swaps Come Under FireWall Street JournalInternational momentum is building for stricter oversight of derivatives trading, as a top US regulator recommended new limits on credit-default swaps and European leaders pushed for a ban on …Greek CDS overtures fall on deaf ears in WashingtonReuters
EU urges US to join in action against speculatorsThe Associated PressEurope targets [...]
Runaway Prius Tale Prompts New Probe – Wall Street Journal
Times Online
Runaway Prius Tale Prompts New ProbeWall Street JournalToyota Motor Corp. and federal investigators probed the latest report of sudden acceleration Tuesday, a dramatic incident on a California highway that ricocheted around the Internet. A California man called 911 for …Major Toyota events leading up to runaway PriusThe Associated Press
Toyota accuses GM of offering 'predatory' [...]
Toyota, US officials investigate runaway Prius – Reuters
Telegraph.co.uk
Toyota, US officials investigate runaway PriusReutersLOS ANGELES/DETROIT, March 9 (Reuters) – US safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to …Toyota Working on Prius Recall FixWall Street Journal
Feds to probe cause of runaway Prius [...]
Pegs Mexican tycoon’s fortune at $53.5 billion, ahead of Gates and Buffett – MarketWatch