World Business News Headlines for September 7, 2009

Lonmin buoyed by talk of Xstrata bid

Lonmin, the platinum producer, rose 7 per cent or 115p to £16.93, helped by talk that Xstrata, which already owns 25 per cent, was eyeing a £3 billion bid.

Source: Latest Business News from Times Online | 7 Sep 2009 | 5:10 am

Australia dollar at one-year high

The Australian dollar is at its highest in a year, and up almost 22% this year, as confidence increases about the global economy.
Source: BBC News | Business | World Edition | 7 Sep 2009 | 4:39 am

Cadbury: a history of a chocolate maker with its heart in Birmingham

Cadbury's chocolate was born in 1831 when John Cadbury rented a small factory in Crooked Lane Birmingham to manufacture cocoa and drinking chocolate.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Sep 2009 | 4:32 am

Kraft seeks Cadbury deal, $16.7 billion bid rejected (Reuters)

Reuters - Britain's Cadbury , the world's second biggest confectionery group, has rejected a $16.7 billion bid approach by Kraft Foods Inc., but North America's biggest food group still hopes it can clinch a deal.

Source: Yahoo! News: Business | 7 Sep 2009 | 4:31 am

Metals Stocks: Gold futures edge down to trade just below $1,000

Gold futures edged lower in very thin trading early Monday, continuing to trade just below the psychologically key level of $1,000 an ounce.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 4:26 am

Stocks rise after G-20 say stimulus will stay (AP)

AP - European and Asian stocks rose Monday after finance officials from 20 rich and developing countries pledged to keep in place their massive stimulus programs to prop up the global economy.

Source: Yahoo! News: Stock Markets News | 7 Sep 2009 | 4:18 am

Stocks rise after G-20 say stimulus will stay

European and Asian stocks rose Monday after finance officials from 20 rich and developing countries pledged to keep in place their massive stimulus programs to prop up the global economy.
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 4:18 am

Google says online books make Internet democratic

BRUSSELS (Reuters) - Google on Monday defended its plan to scan and publish millions of books online, telling a European Commission hearing it made access to information on the Web more democratic.

Source: Reuters: Business News | 7 Sep 2009 | 4:18 am

Kraft seeks Cadbury deal, $16.7 billion bid rejected

LONDON (Reuters) - Britain's Cadbury, the world's second biggest confectionery group, has rejected a $16.7 billion bid approach by Kraft Foods Inc but North America's biggest food group still hopes it can clinch a deal.

Source: Reuters: Business News | 7 Sep 2009 | 4:17 am

Aftershock season

Shockwaves from the banking crisis one year on
Source: BBC News | Business | World Edition | 7 Sep 2009 | 4:09 am

Cadbury rejects £10.2bn move by Kraft

The proposed cash and shares offer values the UK group at 745p a share in total and represents a 31% premium to Cadbury’s closing share price on Friday of 568p
Source: Financial Times - US homepage | 7 Sep 2009 | 4:03 am

Medvedev tells Gazprom no change in Ukraine gas fee

MOSCOW, Sept 7 (Reuters) - Russian President Dmitry Medvedev told the chief executive of gas export monopoly Gazprom not to agree with Ukraine to change gas transit fees, Interfax news agency reported...
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 3:46 am

Investors warned on the recovery theme

Investors rubbing hands at the thought of the gains to be made in recovery funds should be cautious.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Sep 2009 | 3:44 am

Hong Kong and Shanghai extend rally

Chinese shares in Hong Kong and Shanghai extend their rally Monday as investors rush to buy property and metals stocks.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 3:44 am

UPDATE 1-Roche sees isolated cases of Tamiflu resistance

* Sees isolated cases in line with observations in studies
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 3:42 am

Going for broke

Wall Street feels the wrath of Michael Moore
Source: BBC News | Business | World Edition | 7 Sep 2009 | 3:37 am

UPDATE 1-Ramco to focus on offshore wind activities

LONDON, Sept 7 (Reuters) - British energy investment company Ramco Energy will sell off its oil and gas interests and focus solely on its offshore wind operations, it said on Monday.
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 3:33 am

Whitbread shares rally after upbeat update

Shares of Whitbread rally as much as 18% on Monday as the U.K. hotels and restaurant operator says annual earnings should be at least at the high end of expectations.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 3:31 am

UPDATE 1-Kharafi, others eye selling Zain stake

*Abu Dhabi eyeing Zain stake-reports (Recasts, adds details, share price))
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 3:24 am

Primark continues to defy gloom

The owner of discount clothes shop Primark ups its annual profit forecast as the chain continues to defy much of the retail gloom.
Source: BBC News | Business | World Edition | 7 Sep 2009 | 3:22 am

AB Foods raises forecast on Primark boom

Associated British Foods (ABF), the food conglomerate that owns Primark, expects annual operating profits to beat last year's figure on soaring sales at the budget fashion chain and expansion of its sugar business.

Source: Latest Business News from Times Online | 7 Sep 2009 | 3:06 am

Abu Dhabi to buy Chartered; Hynix stake up for grabs (Reuters)

Reuters - Abu Dhabi's state-owned ATIC offered to buy Chartered Semiconductor for $1.8 billion, while major shareholders in Hynix (000660.KS) began the sale of a $2.8 billion stake, kick-starting consolidation in a chip sector emerging from its worst ever downturn.
Source: Yahoo! News: Business | 7 Sep 2009 | 3:06 am

Abu Dhabi to buy Chartered; Hynix stake up for grabs

SINGAPORE/TAIPEI (Reuters) - Abu Dhabi's state-owned ATIC offered to buy Chartered Semiconductor for $1.8 billion, while major shareholders in Hynix began the sale of a $2.8 billion stake, kick-starting consolidation in a chip sector emerging from its worst ever downturn.

Source: Reuters: Business News | 7 Sep 2009 | 3:06 am

Oil prices rise despite low demand concerns

Oil prices rose on Monday but future gains may be capped by worries about low energy demand in the United States, the world's biggest energy consuming nation, traders said. New York's...
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 3:04 am

WRAPUP 3-Abu Dhabi to buy Chartered; Hynix stake up for grabs

* ATIC offers S$2.68/share to buy Chartered Semiconductor
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 3:03 am

China CEO Conference 2009 Kicked Off in Beijing

BEIJING, Sept. 7 /PRNewswire-Asia/ -- China CEO Conference 2009, organized by the Sino-manager Magazine, a well-known Chinese business publication, was held in Beijing...
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 3:00 am

Advanced Semiconductor Engineering, Inc. Announces Monthly Net Revenues

TAIPEI, Taiwan, Sept. 7 /PRNewswire-Asia-FirstCall/ -- Advanced Semiconductor Engineering, Inc. (NYSE: ASX; TAIEX: 2311, "ASE" or the "Company"),...
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 3:00 am

Cadbury rejects $16.7 billion bid from Kraft

Kraft Foods said Monday it's pursuing a takeover of Cadbury after the U.K. chocolate maker rejected a 10.2 billion pound ($16.7 billion) bid.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 2:58 am

Kraft Food's offer for Cadbury is low fat

Kraft Foods has certainly got it's timing right with its £10.2bn bid for Cadbury but that's about it.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Sep 2009 | 2:54 am

WTO raps European export aid for Airbus: sources

PARIS (Reuters) - The WTO has found that loans from European governments to Airbus were not only unfair subsidies but in some cases violated a tougher ban on export aid, according to sources familiar with a report that also rejected some U.S. complaints.

Source: Reuters: Business News | 7 Sep 2009 | 2:53 am

Japan's new Cabinet coming into focus

Democratic Party of Japan leader Yukio Hatoyama aims to put together his Cabinet lineup by next week, including a newly created position to eliminate government budgetary waste.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 2:52 am

Kraft in £10.2bn move for Cadbury

Food giant Kraft proposes buying Cadbury in a £10.2bn move - but the chocolate maker firmly rejects the approach.
Source: BBC News | Business | World Edition | 7 Sep 2009 | 2:48 am

London Markets: Kraft's Cadbury move sparks sector deal talk

British food-and-drink producers lead broader London market higher as chocolate maker Cadbury receives a takeover bid from U.S. rival Kraft Foods, leading to speculation that more deals could be on the way.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 2:48 am

UPDATE 1-Showa Shell to invest $1.1 bln in solar cell plant

* To invest Y100 bln in solar plant to come on line in H2 2011
Source: RSS feed - channel BNewsBusiness | 7 Sep 2009 | 2:39 am

US plans new charge for EU visitors - to promote more travel

US plans to charge European travellers, who normally enjoy visa-free travel, to visit have come under attack.
Source: BBC News | Business | World Edition | 7 Sep 2009 | 2:37 am

Cadbury rejects 10.2bn move by Kraft

Kraft Foods on Monday went public on a 10.2bn ($16.75bn, 11.7bn) cash and shares offer for Cadbury after the UK's best-known confectionery brand rejected the US foods group's proposal.Shares in Cadbury...
Source: RSS feed - channel BNPaperBusiness | 7 Sep 2009 | 2:36 am

MarketWatch First Take: Kraft Cadbury bid revives spirit of 'Barbarians'

The spirit of “Barbarians at the Gate" lives as Kraft bids for U.K. confectioner Cadbury.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 2:36 am

Google gives ground in digital books dispute

Google is to make concessions to European publishers and authors in an effort to stem a rising tide of anger over its landmark digital books settlement in the US.The company has agreed to have two non-US...
Source: RSS feed - channel BNPaperBusiness | 7 Sep 2009 | 2:32 am

Google gives ground in digital books dispute

Google is to make concessions to European publishers and authors in an effort to stem a rising tide of anger in Europe over its landmark digital books settlement in the US.
Source: Financial Times - US homepage | 7 Sep 2009 | 2:32 am

Loan insurance limits challenged

A legal challenge to restrictions on the sale of the controversial payment protection insurance is being heard.
Source: BBC News | Business | World Edition | 7 Sep 2009 | 2:27 am

Abu Dhabi to buy Chartered Semi for $1.8bn

The board of Chartered Semiconductor Manufacturing, the Singapore foundry chipmaker, said on Monday it had accepted a US$1.8bn takeover approach from Advanced Technology Investment (ATIC), owned by the...
Source: RSS feed - channel BNPaperBusiness | 7 Sep 2009 | 2:25 am

Marsh on Monday: New perspective on sovereign-wealth funds

In just over 12 months, as a result of the sharpening of the credit crisis, perceptions about sovereign-wealth funds have changed radically.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 2:25 am

Equities jump after G20, U.S. jobs data

LONDON (Reuters) - Investors jumped back into equities on Monday, sending stocks up more than 1 percent, after a rare week of losses, while the dollar weakened and gold was steady at just below $1,000 an ounce.

Source: Reuters: Business News | 7 Sep 2009 | 2:21 am

Equities jump after G20, U.S. jobs data (Reuters)

Reuters - Investors jumped back into equities on Monday, sending stocks up more than 1 percent, after a rare week of losses, while the dollar weakened and gold was steady at just below $1,000 an ounce.

Source: Yahoo! News: Stock Markets News | 7 Sep 2009 | 2:21 am

Whitbread hires ex-Boots boss as sales slide

Whitbread has hired Richard Baker, the former chief executive of Boots, as a non-executive director, sparking speculation he may succeed Alan Parker as boss.

Source: Latest Business News from Times Online | 7 Sep 2009 | 2:15 am

Move for Cadbury excites FTSE 100

London equities rose on Monday, with news of a significant bid approach on the FTSE 100 helping sentiment and offering further hope that the index's recovery could continue. Kraft Foods revealed it had...
Source: RSS feed - channel BNPaperBusiness | 7 Sep 2009 | 1:58 am

Ex-Google China chief launches investment firm

Kai-fu Lee, who recently stepped down as Google Inc.'s president of China operations, as expected announces a new company to fund and launch promising Chinese startups.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 1:46 am

Europe Markets: Cadbury shares surge in higher Europe

European shares climb, with food stocks the top performers after Cadbury received and rejected a takeover offer from Kraft Foods.

Source: MarketWatch.com - Top Stories | 7 Sep 2009 | 1:42 am

Cadbury shares soar after £10.2bn takeover approach from Toblerone maker Kraft Foods

The company behind Dairy Milk chocolate rejects offer from Kraft which makes Toblerone and Philadelphia cheese.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Sep 2009 | 1:30 am

Cadbury rejects £10.2bn takeover bid from Kraft

US food giant Kraft today attempted to buy Cadbury in a £10.2 billion deal.

Source: Latest Business News from Times Online | 7 Sep 2009 | 1:23 am

Chinatrust bids $2.4 billion for AIG Taiwan unit: source (Reuters)

Reuters - Chinatrust Financial, Taiwan's top credit card issuer, offered $2.4 billion for AIG's Taiwan Nan Shan Life unit, outbidding rivals, a source with direct knowledge of the situation told Reuters on Saturday.
Source: Yahoo! News: Business | 7 Sep 2009 | 1:09 am

Chinatrust bids $2.4 billion for AIG Taiwan unit: source

TAIPEI (Reuters) - Chinatrust Financial, Taiwan's top credit card issuer, offered $2.4 billion for AIG's Taiwan Nan Shan Life unit, outbidding rivals, a source with direct knowledge of the situation told Reuters on Saturday.

Source: Reuters: Business News | 7 Sep 2009 | 1:09 am

Fannie, Freddie

The US couple behind the global housing meltdown
Source: BBC News | Business | World Edition | 7 Sep 2009 | 1:01 am

AFL-CIO president is giving up his role but not the cause

John J. Sweeney is to retire this month after 14 years but plans to keep active in worker issues. With a pro-labor president and a Democratic-run Congress, he says it's a good time to step down. ...
Source: RSS feed - channel BNPaperBusiness | 7 Sep 2009 | 1:00 am

The week ahead, at a glance

At a glance TODAY Labor Day: Financial markets are closed.

Source: L.A. Times - Business | 7 Sep 2009 | 1:00 am

AFL-CIO president is giving up his role but not the cause

John J. Sweeney is to retire this month after 14 years but plans to keep active in worker issues. With a pro-labor president and a Democratic-run Congress, he says it's a good time to step down.

He came to power as an insurgent vowing to shake up the stodgy House of Labor that was the AFL-CIO.

Source: L.A. Times - Business | 7 Sep 2009 | 1:00 am

Healthcare ideas losing out to ideology

The big mystery of the Democrats' loss of the commanding heights in the national healthcare debate is how they managed to let ideologies trump ideas.

Source: L.A. Times - Business | 7 Sep 2009 | 1:00 am

Summer movie season wasn't a breeze for Hollywood

Among the lessons for studios: Moviegoers wanted to be amazed and to laugh; Twitter-era audience buzz can doom a movie fast; and A-list stars can't always strike box-office gold. ...
Source: RSS feed - channel BNPaperBusiness | 7 Sep 2009 | 1:00 am

Financial crisis has deep roots in academia

Healthcare ideas losing out to ideology

The big mystery of the Democrats' loss of the commanding heights in the national healthcare debate is how they managed to let ideologies trump ideas.
Source: RSS feed - channel BNPaperBusiness | 7 Sep 2009 | 1:00 am

Lighting firm Luxo sues over sale of Luxo Jr. lamp with 'Up' Blu-ray disc

The Norwegian company says the sale of the limited-edition lamps based on the character in a 1986 animated film by Pixar's founder will cause 'devastating damage.' ...
Source: RSS feed - channel BNPaperBusiness | 7 Sep 2009 | 1:00 am

Financial crisis has deep roots in academia

Exotic mathematical models were devised by those who had no practical knowledge of the markets yet decided they knew better than the traders how markets operated, author Pablo Triana writes.

Should the Nobel Prize for economics be abolished? That is one of the suggestions in Pablo Triana's provocative book "Lecturing Birds on Flying: Can Mathematical Theories Destroy the Markets?"

Source: L.A. Times - Business | 7 Sep 2009 | 1:00 am

Summer movie season wasn't a breeze for Hollywood

Among the lessons for studios: Moviegoers wanted to be amazed and to laugh; Twitter-era audience buzz can doom a movie fast; and A-list stars can't always strike box-office gold.

If the year's first four months defied all expectations for what Hollywood could do in a recession, this summer delivered some sobering reality.

Source: L.A. Times - Business | 7 Sep 2009 | 1:00 am

Stock market probably won't get prodded this week

Few major economic indicators that could revive the six-month rally are expected.

The stock market has lost some of its swagger, and it seems unlikely to regain it any time soon.

Source: L.A. Times - Business | 7 Sep 2009 | 1:00 am

Lighting firm Luxo sues over sale of Luxo Jr. lamp with 'Up' Blu-ray disc

The Norwegian company says the sale of the limited-edition lamps based on the character in a 1986 animated film by Pixar's founder will cause 'devastating damage.'

Luxo Jr., the squeaky desk-lamp character created by animation guru John Lasseter 23 years ago, is in the spotlight again -- under the glare of a transatlantic lawsuit.

Source: L.A. Times - Business | 7 Sep 2009 | 1:00 am

Two Southern California towns try to get back to work after fire threat

Many firms in La Cañada Flintridge and Tujunga find business is slow to recover.

Ash-gray cars filled the lanes at Crescenta Valley Car Wash on Sunday, waiting their turn to reclaim whatever shine they had before the wildfire danced in the foothills above La Cañada Flintridge.

Source: L.A. Times - Business | 7 Sep 2009 | 1:00 am

The week ahead, at a glance

At a glance TODAY Labor Day: Financial markets are closed.
Source: RSS feed - channel BNPaperBusiness | 7 Sep 2009 | 1:00 am

Upbeat start for market

The NZX-50 index nudged its way up today, in a positive start for the local sharemarket, with Fletcher Building showing the way, Fletcher Building shares gained another 9c today to 795c, apparently raising investors' hopes that...
Source: New Zealand Herald - Business | 7 Sep 2009 | 12:35 am

NZ dollar stays under US69c

The New Zealand dollar bumped along a plateau today, before its latest attack on the US69c resistance level petered out, again. It was just short of a one year-high and some commentators suggested that it could be towed further...
Source: New Zealand Herald - Business | 7 Sep 2009 | 12:32 am

Cadbury rejects £10.2bn takeover from Toblerone maker Kraft Foods

The company behind Dairy Milk chocolate rejects from Kraft Foods which makes Toblerone and Chocolate Orange.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 7 Sep 2009 | 12:24 am

Central banks back new regulation

Central bankers at the Bank for International Settlements back new supervisory measures for their industry.
Source: BBC News | Business | World Edition | 7 Sep 2009 | 12:20 am

Barclays to challenge payment protection insurance ban

Barclaysbegins its bid to have a future ban on the sale of payment protection insurance alongside credit agreements lifted.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Sep 2009 | 11:58 pm

GE says confident of winning China engine contract

SHANGHAI (Reuters) - General Electric Co is confident about winning contracts to supply engines for China's big aircraft project, the company's China chief said on Monday.

Source: Reuters: Business News | 6 Sep 2009 | 11:44 pm

GE says confident of winning China engine contract (Reuters)

Reuters - General Electric Co is confident about winning contracts to supply engines for China's big aircraft project, the company's China chief said on Monday.
Source: Yahoo! News: Business | 6 Sep 2009 | 11:44 pm

Interest rates 'could rise sharply early next year'

Interest rates could start to rise early next year - and by more than in previous cycles according to an economist at a City fund manager.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Sep 2009 | 11:43 pm

Insurance law disadvantages consumers making a claim

The Law Commission consumer groups and charities want insurance law changed to boost customer protection.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Sep 2009 | 11:40 pm

Dollar Outlook: Kiwi may stay locked at 69c

The New Zealand dollar may be capped at 69 US cents this week ahead of the central bank's monetary policy statement, which will likely keep interest rates at their current level while indicating a move away from an easing bias. Four...
Source: New Zealand Herald - Business | 6 Sep 2009 | 10:30 pm

Recession changes grocery shoppers' habits - survey

A third of New Zealand families have changed their dinner habits as a result of the economic downturn, according to an online survey. Conducted by parenting website www.kidspot.co.nz , the survey o
Source: New Zealand Herald - Business | 6 Sep 2009 | 10:00 pm

September 7, 2008 (Sunday): Paulson Announces Plan for Fannie, Freddie; Musical Rent Closes

Fannie and Freddie Rescue: Game On!

Treasury Secretary Henry Paulson announces plans for the U.S. to seize control of troubled mortgage companies Fannie Mae and Freddie Mac. The CEOs will be replaced. The Treasury will acquire $1 billion in preferred shares of each company and promises to back it all up with as much as $200 billion to the companies as they cope with heavy losses on mortgage defaults. "Failure of either of them would cause great turmoil in our financial markets here at home and around the globe," Mr. Paulson said. Under this conservatorship plan, regulator Federal Housing Finance Agency will have management control. (For more on this news, click here.)

Final Performance of Rent

Rent, the gritty rock musical about AIDS, drug addiction and life on New York’s Lower East Side, closes after 12 years. Rent won the Pulitzer Prize for drama and grossed over $280 million during its run on Broadway. That doesn’t include millions more from national tours, foreign productions and a 2005 film version. (For more on this news, click here.)

Former Obama Pastor Has Kind Words for Candidate

Obama might have distanced himself from his former pastor, the Rev. Jeremiah A. Wright Jr., but in a revival in a New Jersey church, Wright suggests he holds no grudges. Talking to the congregation at Elmwood United Presbyterian Church about God’s power to transform, Wright cites Mr. Obama among other cultural figures. “Not only did he become a state senator, this black boy with an African daddy from Kenya and a white American mama from Kansas, he had the audacity to hope, so he ran for the United States Senate….And now,” Mr. Wright said, “Oh, my God, and now — whoo!” (For more on this news, click here.)

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Source: SmartMoney.com | 6 Sep 2009 | 10:00 pm

Wool Equities directors resign en masse

Wool Equities Ltd directors resigned en masse today and its general manager took redundancy after the company bought back a chunk of its shares to re-invent itself. The company has sold off its high-profile keratin technology,...
Source: New Zealand Herald - Business | 6 Sep 2009 | 9:30 pm

Recession drives U.S. restaurateurs, diners to trucks

LOS ANGELES (Reuters) - Every Thursday night, Lonnie Bishop and Lisa Case have a dinner date. For $5 each, the couple dines on fancy hot dogs served from a food truck parked outside their favorite wine shop in Los Angeles.

Source: Reuters: Business News | 6 Sep 2009 | 7:33 pm

Automakers on uphill road to build brand in China

SHANGHAI/HONG KONG (Reuters) - After driving his BMW 5 series model for just three years, Chinese futures trader Jerry Lin traded in his car for an Audi A6.

Source: Reuters: Business News | 6 Sep 2009 | 7:13 pm

Consumer confidence highest since recession began

The NZ Roy Morgan Consumer Confidence Survey has risen to its highest level in early September since March 2008, which was the first quarter in which New Zealand entered its recession which has now lasted six quarters. Predictions...
Source: New Zealand Herald - Business | 6 Sep 2009 | 7:00 pm

Iran to import Venezuelan petrol

Venezuela agrees to export petrol to Iran, in a sign of closer ties between two of America's most vocal adversaries.
Source: BBC News | Business | World Edition | 6 Sep 2009 | 6:38 pm

Economic crisis fears ease - survey

The number of New Zealanders worried about the international economic crisis is declining, but people remain cautious about their spending. A new survey published today by UMR Research found 61 per cent of people questioned were...
Source: New Zealand Herald - Business | 6 Sep 2009 | 6:33 pm

Buyers back in apartment hunt

Buyers have renewed the love affair with easy, convenient apartment living - everywhere but Auckland. Auckland apartment prices are falling, while they rise in other parts of the country. On the North Shore, luxury units in Takapuna's...
Source: New Zealand Herald - Business | 6 Sep 2009 | 6:30 pm

Rail chaos as London Midland cancels trains

Thousands of passengers were stranded yesterday when drivers employed by the rail operator London Midland failed to volunteer for work following the end last week of an agreement to give them double pay for Sundays.
Source: Latest Business News from Times Online | 6 Sep 2009 | 6:00 pm

Library case is mind-Googling

If you have any free brain cells tomorrow, spare a thought for Denny Chin. He is a judge on the US district court in New York. And he has the job of deciding a case which has profound implications for our culture. At its centre...
Source: New Zealand Herald - Business | 6 Sep 2009 | 6:00 pm

Retailers set up the catwalk on the high street

They are high-tension occasions fraught with the protocol and hierarchy that dominates the fashion world’s upper reaches.

Source: Latest Business News from Times Online | 6 Sep 2009 | 6:00 pm

Sweeping proposals to change Indian tax laws could scare off foreign investors

British companies that have set up shop in India to take advantage of the economy’s rapid growth face big new taxes under proposals tabled by the country’s Government.

Source: Latest Business News from Times Online | 6 Sep 2009 | 6:00 pm

Late payers put squeeze on E.ON’s profitability

One of Britain’s biggest energy suppliers is facing a mountain of bad debt as its industrial customers put off paying their electricity and gas bills to solve cashflow problems.

Source: Latest Business News from Times Online | 6 Sep 2009 | 6:00 pm

Moonpig has the rhyme and reason with greetings via the internet

When Nick Jenkins put together his business plan while studying for an MBA at Cranfield University, it was the dot-com boom of the late 1990s, and most new business ventures were internet-based.

Source: Latest Business News from Times Online | 6 Sep 2009 | 6:00 pm

Hard times help PwC add 1% to its revenue

PricewaterhouseCoopers (PwC), Britain’s biggest accounting firm, has proved the adage that it’s an ill wind that blows no one any good by reporting record fee income in the UK of £2.25 billion amid the financial crisis.

Source: Latest Business News from Times Online | 6 Sep 2009 | 6:00 pm

Bring on the dancing girls, says SkyCity

Lots of people pop into the office in the weekend to catch up on work. For Nigel Morrison popping down to work can mean a drink at the bars or restaurants adjacent to the Sky Tower. "Sometimes I visit the casino," said the SkyCity...
Source: New Zealand Herald - Business | 6 Sep 2009 | 5:30 pm

Sluggish pickup in prospects for British manufacturers

Manufacturers are cautioning about the speed of recovery from recession and say concern about cash flow constraints worries about the strength of markets and tighter credit will impact on prospects next year.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Sep 2009 | 5:17 pm

Boardroom pay freeze cushioned by bonus payouts

A widespread boardroom pay freeze this year is being offset for many executive directors by a continuing high level of bonus payouts research has shown.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 6 Sep 2009 | 5:16 pm

It's September. The real test begins

Sunburned and barbecued out, Wall Streeters returning to work next week face the first big challenge to the six-month-old rally.
Source: Business and financial news - CNNMoney.com | 6 Sep 2009 | 4:15 pm

The house my $8,000 tax credit helped buy

The Lees stepped up their house-hunting to take advantage of the first-time buyer tax credit before it expires. What they - and 6 others - found.
Source: Business and financial news - CNNMoney.com | 6 Sep 2009 | 4:12 pm

High support for new Iran sanctions

At least twice as many people in the UK, France, Italy, Spain, Germany and the US believe it would be better to impose ‘tough new sanctions’ on Iran rather than do nothing and ‘live with the likelihood that it has nuclear weapons’
Source: Financial Times - US homepage | 6 Sep 2009 | 4:10 pm

EU opens door to ending US trade row

Baroness Ashton, the EU’s trade commissioner, says the US and Europe needed to ensure they maintained competitive aircraft industries despite the Boeing-Airbus dispute before the WTO
Source: Financial Times - US homepage | 6 Sep 2009 | 3:35 pm

Obama speech to pupils riles Republicans

The plans of Barack Obama, US president, to address students across the country on Tuesday have set off a political firestorm. The fiercest of his critics are comparing him to communist leaders Joseph Stalin and Kim Jong-il, and are accusing him of trying to indoctrinate children with “socialist” ideas
Source: Financial Times - US homepage | 6 Sep 2009 | 2:50 pm

Sears' Lampert hits back at 'inaccurate' report (Reuters)

Reuters - In a letter to Barron's, Sears Holdings Corp Chairman Edward Lampert defended the retailer from what he called an inaccurate and biased report in the August 24 edition of the paper.
Source: Yahoo! News: Business | 6 Sep 2009 | 2:20 pm

Lehman leads the way in ‘lottery ticket’ rally

The value of Lehman Brothers shares has soared amid a surge in trading activity almost a year after it filed for bankruptcy. Other bankrupt companies have also experienced a recent frenzy of trading
Source: Financial Times - US homepage | 6 Sep 2009 | 1:37 pm

G20 calls for better capital buffers at banks

Move follows criticism that some banks have relied too heavily on complex securities that have proved poor defences against big losses
Source: Financial Times - US homepage | 6 Sep 2009 | 12:54 pm

‘Shocking disparity’ in gender pay revealed

Women in some finance companies receive about 80 per cent less in performance-related pay than male colleagues, an Equality and Human Rights Commission inquiry has found
Source: Financial Times - US homepage | 6 Sep 2009 | 12:49 pm

Leaders call for Afghanistan conference

Gordon Brown and Angela Merkel have called for an international political conference on Afghanistan to co-ordinate support and resources for the US-led mission there
Source: Financial Times - US homepage | 6 Sep 2009 | 12:17 pm

Investors see few reasons to send market higher (AP)

AP - The stock market has lost some of its swagger, and it seems unlikely to regain it anytime soon.
Source: Yahoo! News: Stock Markets News | 6 Sep 2009 | 11:41 am

MELTDOWN FLASHBACK: Sunday, Sept. 7, 2008 (AP)

AP - The U.S. government takes over mortgage giants Fannie Mae and Freddie Mac, ousts their chief executives and commits $100 billion to each in an extraordinary intervention aimed at reversing the housing slump that started in summer of 2006.
Source: Yahoo! News: Business | 6 Sep 2009 | 11:36 am

US watchdog eases way for GSK vaccine

US regulators have waived safety concerns over GlaxoSmithKline’s vaccine against cervical cancer in a decision withthat will have repercussions for many other vaccines
Source: Financial Times - US homepage | 6 Sep 2009 | 11:28 am

Stocks face volume test after summer run

NEW YORK (Reuters) - Wall Street's mettle will be tested this week as traders return from summer vacations to resurfacing signs of weakness after a six-month rally for stocks.

Source: Reuters: Business News | 6 Sep 2009 | 9:13 am

Stocks face volume test after summer run (Reuters)

Reuters - Wall Street's mettle will be tested this week as traders return from summer vacations to resurfacing signs of weakness after a six-month rally for stocks.

Source: Yahoo! News: Business | 6 Sep 2009 | 9:13 am

Stocks face volume test after summer run (Reuters)

Reuters - Wall Street's mettle will be tested this week as traders return from summer vacations to resurfacing signs of weakness after a six-month rally for stocks.

Source: Yahoo! News: Stock Markets News | 6 Sep 2009 | 9:13 am

Five more banks fail - 89 so far in 2009

Five small regional banks were closed by regulators on Friday evening, pushing 2009's tally so far to 88 institutions. Of the five failures, two were in Illinois, and there was one each in Arizona, Iowa and Missouri.
Source: Business and financial news - CNNMoney.com | 6 Sep 2009 | 6:37 am

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