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BP Says Limits on Drilling Imperil Oil Spill Payouts - New York Times
2 Sep 2010 at 8:23pm
The HinduBP Says Limits on Drilling Imperil Oil Spill PayoutsNew York TimesBP is warning Congress that if lawmakers pass legislation that bars the company from getting new offshore drilling permits, it may not have the money to pay for all the damages caused by its oil spill in the Gulf ...Mariner Platform Blast May Extend Deep-Water Drilling BanBloombergShallow-water platform fire raises wider questions on oil safetyWashington PostRigs Drill for Oil; Platforms Pump ItWall Street JournalHouston Chronicle -Los Angeles Times -USA Todayall 4,467 news articles »


HP Outbids Dell for Data Storage Company - New York Times
2 Sep 2010 at 10:29pm
CBC.caHP Outbids Dell for Data Storage CompanyNew York TimesBy BLOOMBERG NEWS Hewlett-Packard offered to buy 3Par, a maker of storage systems, for about $2.3 billion, ending an 18-day bidding war with Dell. Dell declined to match HP's $33-a-share offer, Dave Johnson, Dell senior vice president for corporate ...Some 3PAR Traders Left Holding the BagWall Street JournalHewlett-Packard wins bidding war for 3ParLos Angeles TimesDell's enterprise challenge remains after 3ParThe Associated PressBloomberg -TheStreet.com -CNBCall 1,795 news articles »


Burger King Agrees to $4 Billion Private Equity Offer - New York Times
2 Sep 2010 at 8:42pm
ReutersBurger King Agrees to $4 Billion Private Equity OfferNew York TimesBurger King agreed on Thursday to sell itself to an investment firm with roots in Brazil in a deal valued at $4 billion, including the assumption of debt. A Burger King in Glenview, Ill. This is the second buyout of the ...Burger King Bounds Higher On TakeoverForbesFitch cuts rating for Burger King on buyout dealBusinessWeekBurger King Agrees to $3.3 Billion 3G Capital OfferBloombergSan Francisco Chronicle -Reuters -The Associated Pressall 1,477 news articles »


Retail sales, home contracts rise modestly - Washington Post
2 Sep 2010 at 8:46pm
Central Florida News 13Retail sales, home contracts rise modestlyWashington PostAmericans have not lost their will to spend, according to a modest and surprising bump in retail sales last month and the number of contracts signed by home buyers in July. Retailers reported that sales at stores open more than a year ...Index of pending home sales rises 5.2%Los Angeles TimesPending home sales riseSan Francisco ChronicleEconomic Data Damp Down Fears of New RecessionABC NewsForbes -The Associated Press -The Atlanticall 355 news articles »


White House considers pre-midterm package of business tax breaks to spur hiri...
2 Sep 2010 at 9:12pm
Kansas City StarWhite House considers pre-midterm package of business tax breaks to spur hiringWashington PostThese leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. By Anne E. Kornblut and Lori Montgomery With less than two months until the November elections, the White House is seriously weighing a ...Democratic Salvage PlanWall Street JournalMore Dems buck plan to let taxes increase for richThe Associated PressUS Should Put Growth Ahead of Deficit Cuts, Economists SayBloombergCNNMoney -New York Times (blog) -CNBCall 426 news articles »


Regulators fell short in identifying and addressing problems, Bernanke says -...
2 Sep 2010 at 8:53pm
CBC.caRegulators fell short in identifying and addressing problems, Bernanke saysWashington PostRegulators fell short in using their powers "forcefully or effectively" to stop risky practices by banks and were slow to identify and address abuses in the US financial system that led to global economic crisis, Federal Reserve ...Bernanke EmpoweredBloombergBernanke Says Disruptions More Damaging Than Subprime, Hits MMFsCrane Data LLCBernanke Defends Record on LehmanWall Street JournalABC News -Financial Times -Los Angeles Timesall 1,576 news articles »


Power plants, residents weigh in on coal ash plan - BusinessWeek
2 Sep 2010 at 4:28pm
Ghana News AgencyPower plants, residents weigh in on coal ash planBusinessWeekMore than 100 speakers signed up to comment Thursday on whether the Environmental Protection Agency should regulate the disposal of coal ash under rules for hazardous waste. Several power producers told the EPA that such regulation ...The EPA's new gas-mileage labels are good but not perfectWashington PostUS EPA has "big role" in reducing carbon emissionsFOXBusinessEPA Considering Proposal to Regulate Coal AshNewsinferno.comGhana News Agency -Houston Chronicle -Ithaca Journalall 160 news articles »


Hang Lung, PetroChina, Ping An, Wharf: Hong Kong Equity Preview - BusinessWeek
2 Sep 2010 at 9:34pm
The Canadian PressHang Lung, PetroChina, Ping An, Wharf: Hong Kong Equity PreviewBusinessWeekSept. 3 (Bloomberg) -- The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close. The Hang Seng Index rose 1.2 percent to 20868.92. ...China Day Ahead: Potash Approach; Newbridge Sells Ping An Insurance StakeBloombergHK stocks seen higher as overseas mkts extend gainsReutersChina Railway, HSBC, Lumena, PetroChina, Xinao: Hong Kong Equity PreviewBloombergBloomberg -BusinessWeek -MarketWatchall 242 news articles »


Dollar Heads for Weekly Loss Versus Euro, Yen Before Jobs Data - BusinessWeek
2 Sep 2010 at 10:23pm
Washington PostDollar Heads for Weekly Loss Versus Euro, Yen Before Jobs DataBusinessWeekSept. 3 (Bloomberg) -- The dollar headed for a weekly loss against the euro and the yen before a US report forecast to show American employers cut jobs last month, damping demand for assets in the world's largest economy. ...Euro Heads for Second Weekly Gain Versus Dollar Before Retail Sales ReportBloombergDollar slips as ECB's Trichet says recovery to proceedMarketWatchECB's Nowotny: no danger of double dip in EuropeReuters IndiaReuters -Telegraph.co.uk -New York Timesall 935 news articles »


PG&E's smart meters work fine, independent study says - USA Today
2 Sep 2010 at 8:00pm
CNETPG&E's smart meters work fine, independent study saysUSA TodayConsumer allegations in California that new smart meters measuring household energy use led to unfairly high bills are unfounded and the meters work just fine, an independent research group said Thursday. ...PGE report doesn't address health concerns of smart metersSanta Rosa Press DemocratReport: PG&E's Smart Meters Work Great, Their Customer Service Just SucksThe San Francisco AppealStudy faults PG&E's customer service, not SmartMetersBakersfield CalifornianMarin Independent-Journal -San Francisco Chronicle -KIONrightnow.comall 111 news articles »
Stocks rise on economic hopes ahead of payrolls (Reuters)
2 Sep 2010 at 3:45pm
Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.

China approached Canadian fund on rival Potash bid (Reuters)
2 Sep 2010 at 10:20pm
PotashCorp mill general superintendent Trevor Berg holds a handful of chicklet potash at a potash holding centre at the Cory mine facilities near Saskatoon, August 19, 2010. REUTERS/David StobbeReuters - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer.

Heavy in dollars, China warns of depreciation (Reuters)
2 Sep 2010 at 10:26pm
Reuters - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.

Economic data damp down fears of new recession (Reuters)
2 Sep 2010 at 3:32pm
A home for sale is seen in Great Falls, Virginia August 23, 2010. REUTERS/Kevin LamarqueReuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.

Burger King agrees to $3.3 billion sale to 3G Capital (Reuters)
2 Sep 2010 at 3:42pm
A Burger King sign outside a Miami restaurant. US fast food giant Burger King said Thursday it would no longer buy palm oil from Sinar Mas or its subsidiaries after Greenpeace campaigned against the Indonesian group's land-clearing practices.(AFP/Getty Images/File/Joe Raedle)Reuters - Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the No. 2 U.S. fast-food chain breathing room to fix its business and close the gap with leader McDonald's Corp.

Some BofA shareholders can apply to tap $150M fund (AP)
1 Sep 2010 at 11:31am
Mickey Levy, chief economist for the Bank of America, leaves for the midmorning break of the Saturday session of the annual Federal Reserve conference, in Jackson, Wyo., Saturday, Aug. 28, 2010. (AP Photo/Reed Saxon)AP - Investors who lost money when Bank of America Corp. bought Merrill Lynch without disclosing Merrill's problems can start applying to tap a $150 million compensation fund.

Bernanke: Shut down banks if they threaten system (AP)
2 Sep 2010 at 12:50pm
Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Thursday, Sep. 2, 2010, before the Financial Crisis Inquiry Commission. (AP Photo/Manuel Balce Ceneta)AP - Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.

Take-Two posts profit, raises outlook (Reuters)
2 Sep 2010 at 6:11pm
Reuters - Video game maker Take-Two Interactive Inc on Thursday smashed Wall Street expectations for its fiscal third quarter and raised its forecast for the current fourth quarter, citing strong sales for its "Red Dead Redemption" title.

EU reaches deal on cross-border financial supervisors (AFP)
2 Sep 2010 at 2:17pm
Europe took a big step closer to its goal of creating cross-border financial supervisors, reaching a AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector blamed for the global recession.

5 Tax Moves to Make Now (U.S. News & World Report)
2 Sep 2010 at 1:16pm
U.S. News & World Report - It may seem a bit strange to be talking about income taxes in September. There are, however, good reasons to think about taxes well before April 15. For starters, there are some big changes in the tax code that go into effect in 2011. Depending on your income tax bracket and investments, some simple planning now could save you a bundle later.

IMF to give Pakistan $450 mln in flood aid (Reuters)
2 Sep 2010 at 7:06pm
Flood victims left without receiving aid for three days reach for food handouts donated by a group calling themselves Muslim brothers in Pakistan's Muzaffargarh district of Punjab province September 2, 2010. REUTERS/Damir SagoljReuters - The International Monetary Fund will give Pakistan $450 million in emergency flood aid and disburse funds in September to help the country's economy cope with the devastation, the head of the IMF said on Thursday.

Business Highlights (AP)
2 Sep 2010 at 4:57pm
AP - Discounts spur surprising Aug. retail sales gains

Con man could get life under Calif. 3-strikes law (AP)
2 Sep 2010 at 4:26pm
AP - A man accused of bilking elderly South Los Angeles residents out of their homes in a foreclosure scam is facing a potential life sentence in a rare use of California's three-strikes law for a white-collar crime.

Oil platform explodes off La. coast; crew rescued (AP)
2 Sep 2010 at 9:41pm
Boats are seen spraying water on an oil and gas platform that exploded in the Gulf of Mexico, off the coast of Louisiana., Thursday, Sept. 2, 2010. All 13 crew members were rescued. (AP Photo/Gerald Herbert)AP - An oil platform exploded and burned off the Louisiana coast Thursday, the second such disaster in the Gulf of Mexico in less than five months. This time, the Coast Guard said there was no leak, and no one was killed.

More Dems buck plan to let taxes increase for rich (AP)
2 Sep 2010 at 6:37pm
FILE - In this Aug. 25, 2009 file photo, Rep. Gerry Connolly, D-Va., conducts a town hall event in Springfield, Va. Chances are fading that Congress will allow taxes to rise, even for the nation's top earners. Worried about the fragile economy and their own upcoming election, a growing number of Democrats are joining the rock-solid Republican opposition to President Barack Obama's plans to let some of the Bush administration's tax cuts expire. (AP Photo/Gerald Herbert, File)AP - Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.
iOS - Android activation numbers smackdown: Google fires back
2 Sep 2010 at 9:03pm

Apple CEO Steve Jobs made a point of poking at Google in two ways on Wednesday when he held sway at the Apple Sept. 1st event.



Verizon adds smartphones to pre-paid line-up
2 Sep 2010 at 9:01pm

Pre-paid cell phone service was once the realm of low-end devices, but no more. On Thursday, Verizon added a long list of smartphones and multimedia phones as possible pre-paid selections.



Apple and Google to clash in music space by Christmas | Reuters
2 Sep 2010 at 8:30pm

Google Inc is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play songs wherever they are as it steps up its rivalry with Apple Inc, according to people familiar with the matter.



U.S. Stocks and Precious Metals Rise
2 Sep 2010 at 8:28pm

U.S. gold returned to positive territory on Thursday, rising to a fresh two-month high. Crude oil prices rose for a second straight day while U.S. stocks finished higher after registering their best day in two months...



Google, Verizon unite to shape Net regulation
2 Sep 2010 at 4:47pm

Anna Eshoo, Google's ally in the past, differs with the firm on its plan for Internet flow.



First Samsung Galaxy Tab commercial, official site launched
2 Sep 2010 at 12:42pm

In addition to announcing the Samsung Galaxy Tab at IFA in Berlin, Samsung on Thursday released the first official Galaxy Tab commercial.



Samsung (finally) officially announces the Galaxy Tab
2 Sep 2010 at 11:43am

One of the most poorly kept secrets in recent memory, Samsung officially announced the Samsung Galaxy Tab on Thursday in Berlin at the 2010 IFA electronics show.



Burger King
2 Sep 2010 at 11:37am

Shares of Burger King Holdings surged for the second day as the burger-and-fries chain agreed to be taken private by 3G Capital for $4 billion, with the assumption of the company's debt.



Oil Disaster Lasting Impact on Gulf Tourism
2 Sep 2010 at 11:37am

In Louisiana, it's a tale of two localities‹ the coastal communities saw Summer tourism dollars evaporate after the BP oil rig disaster.



Amazon VoD counters Apple TV; Fox, ABC episodes at 99 cents: buy, not rent
2 Sep 2010 at 10:58am

Following right on the heels of the Wednesday Apple TV announcement, in which the new Apple TV service will allow 99 cent TV show rentals from Fox and ABC , Amazon.com has gone Apple one better.



Greenpeace Protesters Arrested On Oil Rig
2 Sep 2010 at 10:37am

Four Greenpeace activists have been arrested after abandoning their 40-hour protest on the Stena Don oil rig in Baffin Bay, Greenland.



Donovan Says U.S. Nowhere Near a `Double-Dip' Recession: Video
2 Sep 2010 at 9:37am

Sept. 2 -- Paul Donovan, deputy head of global economics at UBS AG, talks about the outlook for the U.S. economy and Federal Reserve monetary policy.



Windows 7 Family Pack returns (again for a limited time)
2 Sep 2010 at 8:22am

Windows 7 Family Pack returns September 1st, 2010 10:12 pm ET Windows 7 Photo: Microsoft The Windows 7 Family Pack returns, or at least it will, starting Oct. 3rd.



FCC tears apart the new iPod touch, while iFixit wistfully looks on
2 Sep 2010 at 5:31am

We're not quite sure when the Federal Communications Commission got into the habit of tearing devices limb from limb after testing their wireless radiation levels, but we have to say we're loving the trend -- and there's quite nothing like peering into the juicy innards of a new Apple device.



Uncle Sam Says No to Free Wireless Service
2 Sep 2010 at 4:27am

Federal regulators have shot down a proposal by a startup called M2Z Networks Inc.
Bernanke Defends Record On Lehman
2 Sep 2010 at 10:13pm
Fed chief Ben Bernanke told a panel that he had no options to prevent Lehman Brothers' failure in September 2008 even though he knew its downfall would be "catastrophic."

New Jobless Claims Decline
2 Sep 2010 at 5:22pm
Fewer workers filed new claims for unemployment benefits last week, the second week in a row such claims declined and a rare bright spot in an otherwise grim job market.

Putin Extends Wheat-Export Ban
2 Sep 2010 at 10:17pm
The Russian prime minister's move helped push up the price of wheat and sparked fears of supply shortages and broader unrest over rising food costs.

ECB Raises Growth Forecast
2 Sep 2010 at 6:28pm
The European Central Bank raised its central forecast for 2010 economic growth in the euro zone after leaving its benchmark interest rate unchanged at a record-low of 1%, as expected.

U.S. Officials Head to Beijing
2 Sep 2010 at 8:35pm
U.S. National Economic Council Director Lawrence Summers and Deputy National Security Adviser Thomas Donilon will travel to Beijing this weekend for high-level talks as the U.S. and China work to iron out tensions on issues ranging from currency policy to military ties to Iran.

Lobbying on New Finance Rules
2 Sep 2010 at 4:28pm
U.S. firms eager to shape new financial regulations have wasted no time in lobbying the Federal Reserve and other agencies, according to details from the central bank.

Factory Growth Buoys Markets
1 Sep 2010 at 10:03pm
Growth in manufacturing activity accelerated last month in both the U.S. and China, defying mounting signs of a global slowdown and cheering investors.

Euro-Zone Growth Jumps
2 Sep 2010 at 6:11pm
The strongest rise in consumer spending since the start of the financial crisis helped drive the euro zone's strong growth in the second quarter.

Swiss Economy Shows Growth
2 Sep 2010 at 7:12am
Swiss gross-domestic-product growth accelerated in the second quarter to hit its highest growth rate in 2½ years, setting the stage for another strengthening of the Swiss franc.

Tech Rebound Spreads to Oakland
1 Sep 2010 at 5:09pm
The Bay Area's technology recovery has been so robust that the optimism has even spread to Oakland, which hasn't been a traditional start-up hub.

China's Rebound Eases Slump Fears
1 Sep 2010 at 9:18pm
China's manufacturing rebounded in August, countering weakness in some other Asian economies and suggesting the region's growth won't slow down.

U.K. Home Prices Fall
2 Sep 2010 at 4:54am
Mortgage lender Nationwide Building Society said house prices fell for the second straight month in August but that overall price declines are likely to be "relatively modest."

Crude Follows Stocks Higher
1 Sep 2010 at 2:16pm
Crude-oil futures settled higher, helped by improving data on U.S. manufacturing and rising equities markets that trumped fears about increasing oil supplies.

Older Work Force Has Ugly Wrinkle
1 Sep 2010 at 10:42pm
The graying of America's work force is a fact of (longer) life. But it is amplified by changing work habits among different age groups.

Pakistan's Growth to Tumble
1 Sep 2010 at 11:21am
Pakistani Prime Minister Yousuf Raza Gilani gave the most detailed assessment yet of the damage wrought by flooding over the past month, saying the country had suffered economic losses of $43 billion from the deluge.
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