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Today's News:
NPR Topics: Business
Takeda And Orexigen Make Deal For Diet Pill
Thu, 02 Sep 2010 16:22:00 -0400
The companies would work together on selling Contrave, an experimental diet pill now under review by the Food and Drug Administration.
Kabul Bank Woes Spur Call For Another U.S. Treasury Bailout
Thu, 02 Sep 2010 15:59:00 -0400
Kabul Bank's woes tied to senior officials now forced out spurs calls for a U.S.bailout.
Dell Cedes Data-Storage Maker 3Par To HP
Thu, 02 Sep 2010 15:31:00 -0400
Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc. Dell said it won't match HP's offer to pay $33 per share for 3Par, or about $2.07 billion.
Latest financial news - CNNMoney.com
5 things you must know about homeowners insurance
Thu, 02 Sep 2010 15:14:43 -0400
1. Loyalty is overrated
The fading iPod Classic
Thu, 02 Sep 2010 14:41:32 -0400
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'
Thu, 02 Sep 2010 17:58:53 -0400
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.
The Financial Page
James Surowiecki: The crisis in customer service.
James Surowiecki Mon, 30 Aug 2010 04:00:00 -0000
American workers are mad as hell, and they’re not going to take it anymore. That’s the clear message of flight attendant Steven Slater’s emergence as a “working-class hero,” after he threw his job away with a tirade against passengers and a . . .
James Surowiecki: Building a smarter tax code.
James Surowiecki Mon, 09 Aug 2010 04:00:00 -0000
The fight on Capitol Hill over whether to extend the Bush tax cuts is about many things: deficit reduction, economic stimulus, supply-side ideology. But at its core is a simple question: who counts as rich? The Obama Administration’s answer is that you’re rich if you . . .
James Surowiecki: Wall Street, the White House, and the weak economy.
James Surowiecki Mon, 26 Jul 2010 04:00:00 -0000
The U.S. economy is limping along. The job market is in rotten shape, and business investment is hitting historic lows. And, if you’re looking for a culprit for this dismal state of affairs, many businesspeople would be happy to point you to the White House. Companies aren’ . . .
Reuters: Business News
Stocks rise on economic hopes ahead of payrolls
Thu, 02 Sep 2010 16:45:00 -0400
NEW YORK (Reuters) - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.
Economic data damp down fears of new recession
Thu, 02 Sep 2010 16:32:18 -0400
WASHINGTON (Reuters) - 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
Thu, 02 Sep 2010 17:14:41 -0400
LOS ANGELES (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.
ABC News: Money
Flimsy Rich: Luxury Foreclosures Up Big Time
Thu, 02 Sep 2010 15:07:10 -0400
While the pace of foreclosures has receded in the general housing market, it continues to rise in well-to-do pockets of the country, especially Southern California. In growing numbers, minor and major celebrities as well as ex-athletes are seeing their million-dollar homes revert to lender ownership, foreclosure analysts said Foreclosure - Southern California - United States - Real estate - Business
Dodgers' Divorce: Baseball Empire in Balance
Tue, 31 Aug 2010 11:34:52 -0400
The Los Angeles Dodgers is at the center of a nasty divorce case between Frank and Jamie McCourt, each claiming ownership of the team. Jamie McCourt - Los Angeles Dodgers - Divorce - Baseball - sport
Magazine Staff Rebels After Editor's Suicide
Mon, 30 Aug 2010 16:57:36 -0400
The trouble at the Virginia Quarterly Review continued one month after its managing editor committed suicide, with the remaining staff members removing their names from the masthead and website after the embattled editor stepped in to complete the fall issue. The winter issue has been canceled. Suicide - Virginia Quarterly Review - Death - Magazine - Managing editor
BBC News - Business
House prices fall again in August
Thu, 02 Sep 2010 08:44:18 -0000
House prices fell for the second month in a row in August, according to the Nationwide building society.
Europe agrees finance watchdogs
Thu, 02 Sep 2010 21:52:42 -0000
The European Union agrees to reform financial supervision, with new agencies to oversee banks, insurers and financial markets.
Four power firms face sales probe
Thu, 02 Sep 2010 15:20:04 -0000
Four of the "big six" UK energy suppliers are to be investigated amid concerns of mis-selling to customers, the regulator says.
The Economist: Business
Petrobras: Over a barrel
Thu, 02 Sep 2010 10:46:15 -0000
Brazil's oil giant may be paying too much to pump the stuffFOUR years ago Brazil struck oil—up to 350km (220 miles) offshore and buried under deep water and thick layers of rock, sand and corrosive salt. In places, the oil fields are 7km below the surface, so getting the black stuff out was always going to be hard. Now it looks like finding the funding will be tricky too.On September 1st, two months later than planned, Brazil’s government made public the price it will demand for an estimated 5 billion barrels, mostly in the Franco field off the coast of Rio de Janeiro. Petrobras, the national oil company that was partially privatised in 1997 (Brazil’s government still owns 40% and a majority of voting rights), will have to pay $8.51 a barrel. Analysts frown that $6 would be more reasonable. Oil is $74 a barrel, on the surface, but is worth much less underground. ...
Online television: Hogging the remote
Thu, 02 Sep 2010 10:46:15 -0000
Old-media firms are firmly in control of internet videoLIKE stallholders in a busy market, technology companies hawked their online-video services this week. In Berlin, Sony announced it would begin selling films over the internet to Europeans. In San Francisco, Apple unveiled a smaller, cheaper Apple TV, a set-top box designed to play videos. It also said some television shows would be available a la carte for 99 cents. YouTube, a video-streaming website owned by Google, is trying to cut deals with studios that would allow it to rent newly released films. Amazon too is reportedly trying to build a subscription service. But while technology companies are making all the noise, old-media firms are quietly steering the market.The main reason for all the activity is the abrupt appearance in shops of televisions that can plug into the internet, either through cables or wirelessly. NPD, a research firm, reckons that 12% of all the flat-screen televisions sold in America in the first seven months of this year were “connected”. That share is likely to soar. Technology firms spy an opportunity to bypass old-fashioned distributors and bring online video directly to the living room. ...
Burger King: Whopper to go
Thu, 02 Sep 2010 10:46:15 -0000
Will Burger King be gobbled up by private equity?SHARES in Burger King (BK) soared on September 1st on reports that the fast-food company was talking to several private-equity firms interested in buying it. How much beef was behind these stories was unclear. But lately the company famous for the slogan “Have It Your Way” has certainly not been having it its own way. There may be arguments about whether BK or McDonald’s serves the best fries, but there is no doubt which is more popular with stockmarket investors: the maker of the Big Mac has supersized its lead in the past two years.Recession has favoured McDonald’s over BK, whose share price has fallen by half since the economy was flame-grilled in the summer of 2008. Shares in McDonald’s have risen, reaching an all-time high in August. Same-store sales at BK have fallen for five successive quarters. ...
Business News - UPI.com
Grains in Chicago close higher
Thu, 02 Sep 2010 17:04:07 -0400
CHICAGO, Sept. 2 (UPI) -- Grains closed higher on the Chicago Board of Trade Thursday with the dollar index off 0.17 percent. Chicago - Chicago Board of Trade - United States - Illinois - United Press International
Markets hold onto modest gains
Thu, 02 Sep 2010 16:57:46 -0400
NEW YORK, Sept. 2 (UPI) -- U.S. markets held onto tentative gains Thursday with reports that first-time jobless claims were relatively flat and work hours increased in the second quarter. United States - Jobless claims - NEW YORK - Dow Jones Industrial Average - Business and Economy
Tax cut debate has pundits busy
Thu, 02 Sep 2010 16:14:07 -0400
WASHINGTON, Sept. 2 (UPI) -- Allowing the Bush tax cuts to expire for high-income U.S. families would cut into finances of a high-spending group, a New York economic strategist said. United States - Jobs and Growth Tax Relief Reconciliation Act of 2003 - Tax cut - New York - Taxation
Darling laments bonus pay tax
Thu, 02 Sep 2010 15:44:36 -0400
LONDON, Sept. 2 (UPI) -- Former British Chancellor of the Exchequer Alistair Darling said a tax on massive bank executive bonus checks had only a short-term effect. Alistair Darling - Chancellor of the Exchequer - Tax - Business - Exchequer Alistair Darling
Pending home sales rose in July
Thu, 02 Sep 2010 15:29:10 -0400
WASHINGTON, Sept. 2 (UPI) -- Pending U.S. home sales rose modestly in July, the National Association of Realtors said Thursday. National Association of Realtors - United States - Shrubs - Plants - Home
Mortgage interest rates set record lows
Thu, 02 Sep 2010 15:22:38 -0400
WASHINGTON, Sept. 2 (UPI) -- Average interest rates for long-term mortgages set record lows in the week ending Sept. 2, the U.S. Federal Home Loan Mortgage Corp. said Thursday. United States - Mortgage - Business - Financial Services - Interest rate
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Takeda And Orexigen Make Deal For Diet Pill
Thu, 02 Sep 2010 16:22:00 -0400
The companies would work together on selling Contrave, an experimental diet pill now under review by the Food and Drug Administration.
Kabul Bank Woes Spur Call For Another U.S. Treasury Bailout
Thu, 02 Sep 2010 15:59:00 -0400
Kabul Bank's woes tied to senior officials now forced out spurs calls for a U.S.bailout.
Dell Cedes Data-Storage Maker 3Par To HP
Thu, 02 Sep 2010 15:31:00 -0400
Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc. Dell said it won't match HP's offer to pay $33 per share for 3Par, or about $2.07 billion.
Latest financial news - CNNMoney.com
5 things you must know about homeowners insurance
Thu, 02 Sep 2010 15:14:43 -0400
1. Loyalty is overrated
The fading iPod Classic
Thu, 02 Sep 2010 14:41:32 -0400
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'
Thu, 02 Sep 2010 17:58:53 -0400
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.
The Financial Page
James Surowiecki: The crisis in customer service.
James Surowiecki Mon, 30 Aug 2010 04:00:00 -0000
American workers are mad as hell, and they’re not going to take it anymore. That’s the clear message of flight attendant Steven Slater’s emergence as a “working-class hero,” after he threw his job away with a tirade against passengers and a . . .
James Surowiecki: Building a smarter tax code.
James Surowiecki Mon, 09 Aug 2010 04:00:00 -0000
The fight on Capitol Hill over whether to extend the Bush tax cuts is about many things: deficit reduction, economic stimulus, supply-side ideology. But at its core is a simple question: who counts as rich? The Obama Administration’s answer is that you’re rich if you . . .
James Surowiecki: Wall Street, the White House, and the weak economy.
James Surowiecki Mon, 26 Jul 2010 04:00:00 -0000
The U.S. economy is limping along. The job market is in rotten shape, and business investment is hitting historic lows. And, if you’re looking for a culprit for this dismal state of affairs, many businesspeople would be happy to point you to the White House. Companies aren’ . . .
Reuters: Business News
Stocks rise on economic hopes ahead of payrolls
Thu, 02 Sep 2010 16:45:00 -0400
NEW YORK (Reuters) - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.
Economic data damp down fears of new recession
Thu, 02 Sep 2010 16:32:18 -0400
WASHINGTON (Reuters) - 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
Thu, 02 Sep 2010 17:14:41 -0400
LOS ANGELES (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.
ABC News: Money
Flimsy Rich: Luxury Foreclosures Up Big Time
Thu, 02 Sep 2010 15:07:10 -0400
While the pace of foreclosures has receded in the general housing market, it continues to rise in well-to-do pockets of the country, especially Southern California. In growing numbers, minor and major celebrities as well as ex-athletes are seeing their million-dollar homes revert to lender ownership, foreclosure analysts said Foreclosure - Southern California - United States - Real estate - Business
Dodgers' Divorce: Baseball Empire in Balance
Tue, 31 Aug 2010 11:34:52 -0400
The Los Angeles Dodgers is at the center of a nasty divorce case between Frank and Jamie McCourt, each claiming ownership of the team. Jamie McCourt - Los Angeles Dodgers - Divorce - Baseball - sport
Magazine Staff Rebels After Editor's Suicide
Mon, 30 Aug 2010 16:57:36 -0400
The trouble at the Virginia Quarterly Review continued one month after its managing editor committed suicide, with the remaining staff members removing their names from the masthead and website after the embattled editor stepped in to complete the fall issue. The winter issue has been canceled. Suicide - Virginia Quarterly Review - Death - Magazine - Managing editor
BBC News - Business
House prices fall again in August
Thu, 02 Sep 2010 08:44:18 -0000
House prices fell for the second month in a row in August, according to the Nationwide building society.
Europe agrees finance watchdogs
Thu, 02 Sep 2010 21:52:42 -0000
The European Union agrees to reform financial supervision, with new agencies to oversee banks, insurers and financial markets.
Four power firms face sales probe
Thu, 02 Sep 2010 15:20:04 -0000
Four of the "big six" UK energy suppliers are to be investigated amid concerns of mis-selling to customers, the regulator says.
The Economist: Business
Petrobras: Over a barrel
Thu, 02 Sep 2010 10:46:15 -0000
Brazil's oil giant may be paying too much to pump the stuffFOUR years ago Brazil struck oil—up to 350km (220 miles) offshore and buried under deep water and thick layers of rock, sand and corrosive salt. In places, the oil fields are 7km below the surface, so getting the black stuff out was always going to be hard. Now it looks like finding the funding will be tricky too.On September 1st, two months later than planned, Brazil’s government made public the price it will demand for an estimated 5 billion barrels, mostly in the Franco field off the coast of Rio de Janeiro. Petrobras, the national oil company that was partially privatised in 1997 (Brazil’s government still owns 40% and a majority of voting rights), will have to pay $8.51 a barrel. Analysts frown that $6 would be more reasonable. Oil is $74 a barrel, on the surface, but is worth much less underground. ...
Online television: Hogging the remote
Thu, 02 Sep 2010 10:46:15 -0000
Old-media firms are firmly in control of internet videoLIKE stallholders in a busy market, technology companies hawked their online-video services this week. In Berlin, Sony announced it would begin selling films over the internet to Europeans. In San Francisco, Apple unveiled a smaller, cheaper Apple TV, a set-top box designed to play videos. It also said some television shows would be available a la carte for 99 cents. YouTube, a video-streaming website owned by Google, is trying to cut deals with studios that would allow it to rent newly released films. Amazon too is reportedly trying to build a subscription service. But while technology companies are making all the noise, old-media firms are quietly steering the market.The main reason for all the activity is the abrupt appearance in shops of televisions that can plug into the internet, either through cables or wirelessly. NPD, a research firm, reckons that 12% of all the flat-screen televisions sold in America in the first seven months of this year were “connected”. That share is likely to soar. Technology firms spy an opportunity to bypass old-fashioned distributors and bring online video directly to the living room. ...
Burger King: Whopper to go
Thu, 02 Sep 2010 10:46:15 -0000
Will Burger King be gobbled up by private equity?SHARES in Burger King (BK) soared on September 1st on reports that the fast-food company was talking to several private-equity firms interested in buying it. How much beef was behind these stories was unclear. But lately the company famous for the slogan “Have It Your Way” has certainly not been having it its own way. There may be arguments about whether BK or McDonald’s serves the best fries, but there is no doubt which is more popular with stockmarket investors: the maker of the Big Mac has supersized its lead in the past two years.Recession has favoured McDonald’s over BK, whose share price has fallen by half since the economy was flame-grilled in the summer of 2008. Shares in McDonald’s have risen, reaching an all-time high in August. Same-store sales at BK have fallen for five successive quarters. ...
Business News - UPI.com
Grains in Chicago close higher
Thu, 02 Sep 2010 17:04:07 -0400
CHICAGO, Sept. 2 (UPI) -- Grains closed higher on the Chicago Board of Trade Thursday with the dollar index off 0.17 percent. Chicago - Chicago Board of Trade - United States - Illinois - United Press International
Markets hold onto modest gains
Thu, 02 Sep 2010 16:57:46 -0400
NEW YORK, Sept. 2 (UPI) -- U.S. markets held onto tentative gains Thursday with reports that first-time jobless claims were relatively flat and work hours increased in the second quarter. United States - Jobless claims - NEW YORK - Dow Jones Industrial Average - Business and Economy
Tax cut debate has pundits busy
Thu, 02 Sep 2010 16:14:07 -0400
WASHINGTON, Sept. 2 (UPI) -- Allowing the Bush tax cuts to expire for high-income U.S. families would cut into finances of a high-spending group, a New York economic strategist said. United States - Jobs and Growth Tax Relief Reconciliation Act of 2003 - Tax cut - New York - Taxation
Darling laments bonus pay tax
Thu, 02 Sep 2010 15:44:36 -0400
LONDON, Sept. 2 (UPI) -- Former British Chancellor of the Exchequer Alistair Darling said a tax on massive bank executive bonus checks had only a short-term effect. Alistair Darling - Chancellor of the Exchequer - Tax - Business - Exchequer Alistair Darling
Pending home sales rose in July
Thu, 02 Sep 2010 15:29:10 -0400
WASHINGTON, Sept. 2 (UPI) -- Pending U.S. home sales rose modestly in July, the National Association of Realtors said Thursday. National Association of Realtors - United States - Shrubs - Plants - Home
Mortgage interest rates set record lows
Thu, 02 Sep 2010 15:22:38 -0400
WASHINGTON, Sept. 2 (UPI) -- Average interest rates for long-term mortgages set record lows in the week ending Sept. 2, the U.S. Federal Home Loan Mortgage Corp. said Thursday. United States - Mortgage - Business - Financial Services - Interest rate
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H & C Dickie Ltd: Owning and operating one of the largest and most modern mobile crusher fleets in the UK, we service many blue chip and independent clients in the
quarrying, construction, demolition and recycling industries.
Transcendental Meditation & Business: Corporate Leadership through the Transcendental Meditation Program.
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