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BP cap catches '10,000 barrels'BP's latest bid to cap a ruptured well in the Gulf of Mexico is now capturing more than half the estimated leak, it tells the BBC.Source: BBC News | Business | World Edition | 6 Jun 2010 | 4:20 am 'More economic pain' and job cutsThe Scottish economy will continue to lag the rest of the UK and shed thousands of public sector jobs, a think tank warns.Source: BBC News | Business | World Edition | 6 Jun 2010 | 4:17 am Oil spill cap catching about 10,000 barrels a day: BP (AFP)
Source: Yahoo! News: Business News | 6 Jun 2010 | 3:52 am Apologetic BP ads get criticism, not sympathy (AP)AP - An apologetic advertising campaign by BP for causing the biggest oil spill in U.S. history has earned the company more criticism than sympathy as the pollution spreads across the Gulf Coast from Louisiana into Alabama and Florida.Source: Yahoo! News: Business News | 6 Jun 2010 | 3:26 am KNPC close to $900 mln gas plant deal with DaelimKUWAIT, June 6 (Reuters) - Kuwait's state-run refining arm KNPC is close to signing a 260 million Kuwaiti dinars ($892.8 million) with South Korea's Daelim Industrial Co for a gas facility and pipeline,...Source: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 3:15 am 3 Funds With a Small Minimum Investment (Screens)These funds are accessible to investors not willing to wager a lot.
Source: SmartMoney.com | 6 Jun 2010 | 3:00 am Prudential: 'No new bid for AIA'UK insurer Prudential has said it has no plans for a renewed bid for AIA, the Asian business of US insurer AIG.Source: BBC News | Business | World Edition | 6 Jun 2010 | 2:46 am CLSA China JV aims to close $1.5 bln fund in SeptSHANGHAI, June 6 (Reuters) - Brokerage CLSA's China asset management joint venture plans to close a 10 billion yuan ($1.5 billion) new energy- and new materials-focused fund and begin investing around...Source: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 1:28 am BP's cap 'funnels 6,000 barrels'BP's latest effort to stem the Gulf of Mexico oil spill captured 6,000 barrels in 24 hours, a US official says, raising hopes of success.Source: BBC News | Business | World Edition | 6 Jun 2010 | 1:23 am Bangladesh lifts Facebook ban (AP)
Source: Yahoo! News: Business News | 6 Jun 2010 | 1:14 am Money Talk with Liz Pulliam Weston: Who's checking your credit report?Negative comment on credit report nothing to worry about for borrowers with superior scores.Dear Liz: As part of our mortgage refinance, my wife and I were provided copies of our credit reports and scores by the credit union making our loan. Our scores are great, ranging from 777 to 819, but I was surprised to see in the negative remarks section a note that I had "too many inquiries." Reviewing the list I saw one business I recognized (a new brokerage account), one of our credit card issuers and four inquiries from CBC Innovis. What is CBC Innovis and how can I tell them to butt out of my credit history? I'm just glad I have good credit and their poking around didn't have a material effect on our ratings. Others might not be so fortunate.
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am Judgment day approaches for Diego MaradonaArgentina's troubled coach and soccer great will put his legacy on the line at the World Cup.To the soccer faithful, Argentina should be a lock to win the 2010 World Cup. After all, it has god on its side.
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am Hotel wars: Drama and intrigue behind the hospitality tradeAfter a force behind the W chain defected to Hilton, a lawsuit exposes a side of the industry rife with claims of corporate espionage, double-dealing and poaching of top performers.When Ross Klein arrived at Hilton Worldwide's Beverly Hills headquarters to create a new luxury chain, he was the "it" guy in the hottest segment of the lodging business.
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am Is your privacy secure online? There's no way to tellWhile you think you're protecting your personal information, your identity is leaking out to sites you don't even know about in ways you can't possibly imagine.Long before Facebook got blamed for turning the concept of online privacy into a sick joke, I could tell that the Internet was going to make the control of one's personal information a challenge.
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am Vigilance is key to protecting your creditComputer expert Jim Stickley says it's easy to steal confidential information from banks. He's been posing as an identity thief for years. His advice: Watch your accounts closely for warning signs.If you're even slightly concerned about the privacy of your personal information, Jim Stickley is your worst nightmare.
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am After shopping for a home, tired buyers often make poor mortgage choicesNew research suggests that buyers' minds are so taxed after they go through the ordeal of finding a house that they often rush into the next step — applying for a loan — and make poor choices.
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am How I Made It: Richard McKenna of the Marine Exchange of Southern CaliforniaThe executive director of the nonprofit Marine Exchange, a hub of information on commercial-vessel activity at the L.A. and Long Beach ports, has 38 years of Navy experience — sometimes under fire.The gig: Richard B. McKenna is executive director of the Marine Exchange of Southern California, a key local agency that few outside the international trade industry know about. The nonprofit Marine Exchange tracks the arrivals, dock time, loading and unloading, maintenance, supply purchase times, refuelings and departures of the thousands of commercial vessels that enter the nation's busiest seaport complex.
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am Homeowner associations: Board is violating Open Meeting ActQuestion: I asked one of our association board directors why owners choose to be on the board given all the stress and potential for liability. She told me that her director position provided her with a feeling of power. She said other directors became her friends and often they all got together to discuss complex association issues. They rehearsed and played out upcoming board meetings and knew how they were going to vote beforehand and what had to be tabled. Before each meeting, the property manager gave all the directors "talking points" and instructed the board president to read the statement as if it was preapproved by the board even if it wasn't. These actions do not sound legal. Am I right?
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am Boeing, C-17 workers reach tentative labor pactA vote on the proposed contract is scheduled for Wednesday. If approved by the 1,700 assembly workers, production at the military aircraft factory in Long Beach could resume as early as the next day. ...Source: RSS feed - channel BNPaperBusiness | 6 Jun 2010 | 1:00 am Hedge funds gain clout in newspaper industryThey are seeking the most profitable way to turn their investments in bankrupt publishers such as Tribune back into cash.The newspaper industry is starting to meet its new bosses — the hedge funds and banks that are moving in as rich family owners and starchy executives move out.
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am Financial reform bill is likely to include new protections for home buyers and mortgage applicantsAlthough the Wall Street and banking features of the giant financial industry reform bill taking shape on Capitol Hill have drawn most of the attention, home buyers and mortgage applicants should be major winners when the legislation is finally signed into law, probably early next month.
Source: L.A. Times - Business | 6 Jun 2010 | 1:00 am Suntech to add 1GW Shanghai capacity as demand jumpsSHANGHAI, June 6 (Reuters) - Suntech Power Holdings Co Ltd , China's largest solar panel marker, plans to invest 2.68 billion yuan ($393 million) to build 1 gigawatt in additional production capacity in...Source: RSS feed - channel BNewsBusiness | 6 Jun 2010 | 12:25 am Eurozone debt could squeeze banks: expertsEurozone banks could face a credit crunch as they compete with governments for funds in coming years, analysts and the European Central Bank say. The ECB's Financial Stability Review...Source: RSS feed - channel BNewsBusiness | 5 Jun 2010 | 11:00 pm IATA meets as airline industry shows signs of recoveryThe commercial aviation industry, battered by plunging sales and fallout from the Icelandic ash cloud, is at last emerging from a steep downturn, the International Air Transport AssociationSource: RSS feed - channel BNewsBusiness | 5 Jun 2010 | 10:55 pm Vital Signs: Cobra payment aid appears likely to endJust a few months after passing comprehensive health reform, U.S. lawmakers appear willing to risk a short-term backslide in the push to reduce the number of uninsured Americans until the overhaul’s major provisions take effect in 2014.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 10:01 pm Cuban says he'd back Weinstein deal for Miramax (AP)
Source: Yahoo! News: Business News | 5 Jun 2010 | 9:53 pm UK's Pru denies report of renewed bid for AIG unitHONG KONG (Reuters) - UK insurer Prudential is not considering a renewed attempt to buy AIG's Asian life unit, a spokesman for the company said on Sunday, denying a media report that a...Source: RSS feed - channel BNewsBusiness | 5 Jun 2010 | 9:39 pm UK's Pru denies report of renewed bid for AIG unitHONG KONG (Reuters) - UK insurer Prudential is not considering a renewed attempt to buy AIG's Asian life unit, a spokesman for the company said on Sunday, denying a media report that a fresh takeover proposal was in the works.
Source: Reuters: Business News | 5 Jun 2010 | 9:39 pm Official: NYC-Italy flight malfunctions on takeoffAn American Airlines official says a flight from New York City to Milan experienced a mechanical malfunction during takeoff and had to be returned to its gate. There were no injuries...Source: RSS feed - channel BNewsBusiness | 5 Jun 2010 | 9:00 pm Disney to enter new talks for Miramax sale-reportLOS ANGELES, June 5 (Reuters) - Walt Disney Co will enter into exclusive talks on Monday to sell its Miramax film unit to Los Angeles construction magnate Ron Tutor and film financier partner David Bergstein,...Source: RSS feed - channel BNewsBusiness | 5 Jun 2010 | 8:12 pm Judgment day approaches for Diego MaradonaArgentina's troubled coach and soccer great will put his legacy on the line at the World Cup. To the soccer faithful, Argentina should...Source: RSS feed - channel BNPaperBusiness | 5 Jun 2010 | 7:40 pm Tax blow over company share schemesAT least 160,000 employees in staff share-saving schemes will be hit by higher taxes if the government presses ahead with plans to increase capital gains tax in the budget on June 22. Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm Dubai’s debt-laden private equity group faces closureDubai’s ambitious attempts to build an overseas investment empire to rival Europe’s biggest private equity firms could soon come to an embarrassing end. Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm Solutions to the taxing issue of capital gainsThe Institute for Fiscal Studies was founded in the late 1960s largely out of frustration with the way capital gains tax (CGT) was designed and implemented in Britain. Over the subsequent four decades CGT has been attacked, substantially reformed and attacked again roughly every 10 years. Our new government is only the latest to try its luck. Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm Comeback for shamed HBOS teamA team of HBOS bankers who led a doomed buying spree at the height of the boom have landed lucrative jobs managing the same assets the taxpayer had to bail out in 2008. Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm Monsoon founder pockets £14mTHE nation’s love affair with maxi dresses and bohemian style has paid off for Peter Simon, founder of Monsoon, the fashion retailer. Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm Chairman to give Habitat new lookThe former boss of New Look, the fashion retailer, has been parachuted into Habitat to lead a turnround of the loss-making furniture chain. Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm Gulf spill poured cold water on Prudential dealOn Friday I met two under-fire chief executives. BP’s Tony Hayward looked tired and defiant after 45 days fighting a company-threatening oil spill in the Gulf of Mexico. Tidjane Thiam at Prudential was cool and amiable, but also angry after having his cherished $30 billion Asian deal torpedoed at the last minute.$ Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm Niklas Zennstrom of AtomicoThe sun is streaming through the windows of Niklas Zennstrom’s London office. It feels almost like California, where the Swedish internet entrepreneur might have settled a few years ago had he not faced the threat of litigation. Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm City watchdog fears euro disasterTHE City watchdog is stress-testing Britain’s biggest banks over fears they could be hit by the growing financial problems of the eurozone. Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm Coalition cuts may hit Ford green planFORD’s plan for a £1.5 billion investment in its British engine plants has been thrown into doubt by a review of the government loan guarantee to the project. Source: Latest Business News from Times Online | 5 Jun 2010 | 6:01 pm Cameron warns of 'pain' in cutsPrime Minister David Cameron warns of "pain" ahead as the government makes cuts to tackle the country's debt.Source: BBC News | Business | World Edition | 5 Jun 2010 | 5:44 pm UPDATE 1-Bristol drug extends survival in deadly skin cancer* 10-month median survival; 4 months longer than vaccineSource: RSS feed - channel BNewsBusiness | 5 Jun 2010 | 5:30 pm UPDATE 1-Sprycel tops Gleevec in newly diagnosed CML-study* Novartis drug Tasigna tops Gleevec in similar study (Recasts, updates with quote from meeting)Source: RSS feed - channel BNewsBusiness | 5 Jun 2010 | 5:14 pm Bill Gates: on aid, Africa and AppleBill Gates wants to talk about his specialist subject. No, not microchips and operating software, but malaria vaccines and bed nets.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 4:15 pm John Wooden's best coaching tip: ListenFormer UCLA Coach John Wooden passed away Friday June 4th. He is widely considered the greatest basketball coach of all time, and many believe he is the greatest coach of any sport. Wooden won ten national championships in his years 16 years at UCLA. A skilled player himself, Wooden is one of only three individuals (along with Lenny Wilkins and Bill Sharman) to be inducted in the Basketball Hall of Fame both as a player and a coach.Source: Business and financial news - CNNMoney.com | 5 Jun 2010 | 3:57 pm Should you rent or buy?Is it better to buy or rent in Omaha, Neb.?Source: Business and financial news - CNNMoney.com | 5 Jun 2010 | 3:49 pm Oil spill: How bad it could getThe bad news is: Things in the Gulf of Mexico could get a whole lot worse.Source: Business and financial news - CNNMoney.com | 5 Jun 2010 | 3:42 pm Can Steve Jobs deliver the goods?Source: Business and financial news - CNNMoney.com | 5 Jun 2010 | 3:32 pm Pru shareholders revolt on executive payThree of Prudential's largest shareholders have delivered a further blow to the company ahead of its annual meeting in London tomorrow by voting against the pay packages it has offered its executives.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 3:29 pm Investors fight back after Pru debacleAt Monday's AGM, chief executive Tidjane Thiam must explain to shareholders why the company faces a £450 bill for the collapse of the AIA takeover.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 3:28 pm Leading economists tell us what the future holdsIn an exclusive Sunday Telegraph survey, 25 top economists give their opinions on the way ahead.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 3:27 pm Euro 'will be dead in five years'The euro will have broken up before the end of this Parliamentary term, according to economists surveyed by The Sunday Telegraph.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 3:23 pm Could BP walk away with a $75M fine?To help readers navigate the legal landscape surrounding BP's mammoth oil spill (or "oil spew," as some argue it should more properly be called) in the Gulf Coast, I have looked into some of the law-related questions and statements that keep surfacing as the press and bloggers keep up with breaking coverage of the crisis. I rely mainly here on an interview with Christopher B. Kende, an international insurance law specialist at the firm of Cozen O'Connor. Kende also teaches attorneys about the legal issues stemming from the Deepwater Horizon oil-spill as a lecturer for HB Litigation Conferences.Source: Business and financial news - CNNMoney.com | 5 Jun 2010 | 3:03 pm NewsWatch: U.S. stock market to start week with worry listStocks' gyrations already have wiped out 2010 gains.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 3:00 pm Hungary government commits to budget goalBUDAPEST (Reuters) - Hungary's government said on Saturday it aimed to meet this year's budget deficit target, seeking to draw a line under "exaggerated" talk of a possible Greek-style debt crisis that has unnerved global markets.
Source: Reuters: Business News | 5 Jun 2010 | 2:44 pm Hungary government commits to budget goal (Reuters)
Source: Yahoo! News: Business News | 5 Jun 2010 | 2:44 pm BP boss has 'no fear' of jail threatTony Hayward has vowed to still be in his job a year on from the oil company's catastrophic spill in the Gulf of Mexico.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 1:49 pm G20 discards multilateral banking levyThe G20 has ditched its commitment to a global banking levy, paving the way for countries around the world to introduce radical new taxes on their banks independently.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 1:39 pm BP's Hayward: 'I'm also angry and frustrated'BP chief Tony Hayward has been called 'the most hated man in America'. He says he understands the outcry but maintains that he is the right person to lead the energy giant.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 1:34 pm German vote on GM aid vital to Vauxhall's futureThe future of Vauxhall and Opel will reach a crucial junction this week when the German government votes on whether to provide the car maker with state aid.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 1:20 pm PwC faces threat of audit inquiryAuditor Pricewaterhouse-Coopers is facing the threat of an investigation into its audit work for JP Morgan after the US investment bank was last week hit with the largest financial penalty ever imposed by the City regulator.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jun 2010 | 1:13 pm BP collects 6,077 barrels of oil from wellBP PLC collected 6,077 barrels of oil on Friday after placing a cap over the ruptured well that is pouring petroleum into the Gulf of Mexico, the company said on its Web site Saturday.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 12:16 pm Growing ranks of long-term jobless face tough odds (AP)
Source: Yahoo! News: Business News | 5 Jun 2010 | 12:11 pm G20 nearing agreement on rules for banks: reportThe Group of 20 major economic powers agreed Saturday to finish work on tightened banking standards ahead of their stated goal, while European governments are expected to report specific rules as early as Monday, according to a news report.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 11:12 am High credit card rate? You can negotiateIn the never-ending battle between credit card companies and their customers over interest rates, consumers still hold at least some of the cards.Source: Business and financial news - CNNMoney.com | 5 Jun 2010 | 11:05 am BA adds to flights despite strikeBA says more cabin crew than expected have crossed picket lines during the latest strike and turned up for work.Source: BBC News | Business | World Edition | 5 Jun 2010 | 11:00 am Steele calls for referee in Sestak caseRepublican Party Chairman Michael Steele on Saturday called for a referee to sort out the matters of two Democratic lawmakers who were urged by the White House to drop their bids for U.S. Senate seats.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 10:31 am Chrysler recalls 35,000 Dodge Calibers over 'sticky' pedals (AFP)
Source: Yahoo! News: Business News | 5 Jun 2010 | 10:18 am Europe and jobs keep stocks' anxiety highNEW YORK (Reuters) - U.S. stocks could face further pressure next week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.
Source: Reuters: Business News | 5 Jun 2010 | 10:09 am Businessman gets bankruptcy reprieveProperty developer Andrew Krukziener has won a last-minute reprieve from a bid to make him bankrupt.A bankruptcy application by the Inland Revenue Department, due to be heard in the Auckland High Court this week, has been adjourned.Krukziener...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am Telecom mute on faultsAt the height of Telecom's problems with its XT mobile network and access to 111 emergency services, the besieged company kept the public in the dark about faults affecting almost half the country.One fault required a technician...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am Rugby World Cup strike riskStrike action was last night threatening to disrupt the Rugby World Cup, with hotel and restaurant staff demanding a share of the windfall profits.Experts have predicted the event will pump as much as $1.15 billion into the economy...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am Sharper score for sports sponsorsSporting organisations say their relationship with sponsors has undergone a renaissance thanks in no small part to the global financial crisis.The marketing technique formerly known as sponsorship is these days a carefully constructed...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am Bank funds legal defenceWestpac is funding the developer of a central Auckland apartment block trying to force Blue Chip victims to pay for apartments they can't afford.It's emerged Westpac has funded developer Turn and Wave Limited's legal defence in...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am Michael Hill: Get others to do the barkingI believe the greatest challenge businesses face is finding great people. The quality of the people you employ will be the biggest determinant of your success. Surround yourself with a team of the world's best and attaining your...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am NewsWatch: U.S. stock market to start week with worry listStocks' gyrations already have wiped out 2010 gains.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 10:00 am Court debt sorted outCorrections chiefs have worked out how Blue Chip boss Mark Bryers will serve his debt to society - but are staying silent over the details.It's taken three weeks for the department to confirm how Bryers will serve a 75-hour community...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am The gold mine that swallowed a townThe super pit, Australia's biggest gold mine, is an awe-inspiring sight. One of the biggest holes ever dug by man, it is visible from space and is even said to influence the weather in Kalgoorlie, the hard-bitten town perched on its...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am Bernard Hickey: Stick to floating if you still want toast and coffeeIt's quite possible this time next week when you sit down to read this paper with a cup of coffee and toast that you'll be asking yourself whether you can still afford the coffee and toast.If you have a floating rate mortgage...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am Deborah Coddington : Parasites don't have upstanding charactersAlan Gibbs, expat New Zealand businessman, used to applaud New Zealand's tall poppy syndrome. He said it kept us grounded. Stopped us getting too big for our Skellerups.I quite liked that about Gibbs, because let's be honest,...Source: nzherald.co.nz - Business | 5 Jun 2010 | 10:00 am Legendary UCLA coach John Wooden dies at 99Wizard of Westwood won 10 NCAA men's basketball titles, including seven straight between 1967 and 1973. His teams also won 88 consecutive games, a major-college record.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 9:43 am Obama hits out at BP over dividendBarack Obama on Friday night warned BP against “nickel and diming the folks” of the Gulf of Mexico coast as the group’s attempt to trap oil from the leaking well recorded some initial successSource: Financial Times - US homepage | 5 Jun 2010 | 9:17 am G-20 finance chiefs agree on need to curb deficits (AP)
Source: Yahoo! News: Business News | 5 Jun 2010 | 9:13 am Say goodbye to full-time jobs with benefitsJobs may be coming back, but they aren't the same ones workers were used to.Source: Business and financial news - CNNMoney.com | 5 Jun 2010 | 9:12 am Stocks: New week, same woesWorries about the global economy have pushed the Dow Jones industrial average to a nearly four-month low -- and there's little in the week ahead to stop it from creeping even lower.Source: Business and financial news - CNNMoney.com | 5 Jun 2010 | 9:11 am England readies for more disappointmentEnglish football is home to the richest league, the most famous clubs and some of the best players in the world -- but its national team is one of the great underachievers in World Cup history.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 9:11 am Chinese tech factory deathsSource: Business and financial news - CNNMoney.com | 5 Jun 2010 | 9:05 am National Employee Morale Day At Oracle (ORCL)Oracle Corporation (NASDAQ: ORCL) will deepen its cost cuts as part of a consolidation from its buyout of Sun Microsystems. Sun employees have already endured years of job reductions as the firm’s revenue and market share were damaged by management mistakes as it fought to maintain its server business against larger rivals which included Hewlett-Packard [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jun 2010 | 8:40 am 3 great places to score a summer vacation dealSource: Business and financial news - CNNMoney.com | 5 Jun 2010 | 8:04 am BP Slick Moves East QuicklySome predictions show the spill from the Deepwater Horizon wreck will extend up the East Coast and into the middle Atlantic by August. The current NOAA map shows the oil slick already moving in that direction rapidly. BP plc (NYSE: BP) says it has put a cap on the leak, but the effect appears to [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jun 2010 | 7:54 am Market Snapshot: U.S. stock market to start week with worry listStocks' gyrations already have wiped out 2010 gains.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 7:47 am Stocks to Watch: Stocks in focus for Monday: Apple, HalliburtonAmong the companies who shares are expected to see active trading in Mondays's session are Apple, Halliburton and Prudential.
Source: MarketWatch.com - Top Stories | 5 Jun 2010 | 7:40 am Israel seizes seventh ship bound for GazaIsrael naval forces on Saturday seized a seventh ship carrying aid to the Gaza Strip in less than one week, putting an end to the latest attempt by pro-Palestinian activists to break the blockade on the embattled coastal territorySource: Financial Times - US homepage | 5 Jun 2010 | 6:47 am Yuan escapes criticism from G20 but not from U.S. and IMFBUSAN, South Korea (Reuters) - China's currency policies were spared a specific mention in the Group of 20 communique on Saturday, but U.S. Treasury Secretary Timothy Geithner and the IMF kept up pressure for a stronger yuan.
Source: Reuters: Business News | 5 Jun 2010 | 6:25 am China defends ban on top military links with USChina’s military has broken off top-level links with the US because Washington has reneged on an undertaking to wind down arms sales to Taiwan, according to a top Chinese generalSource: Financial Times - US homepage | 5 Jun 2010 | 6:12 am Germany, Russia agree stable euro key for growthMESEBERG, Germany (Reuters) - Berlin and Moscow agree that a stable euro is key for global financial stability and sustainable economic growth, German Chancellor Angela Merkel and Russian President Dmitry Medvedev said on Saturday.
Source: Reuters: Business News | 5 Jun 2010 | 6:11 am G20 stresses recovery challengesG20 finance ministers say recovery from economic crisis has been faster than expected, but significant challenges remain.Source: BBC News | Business | World Edition | 5 Jun 2010 | 5:55 am 2010 Bank Closings Hit 81, Costs May Hit $100 BillionThe FDIC closed three banks Friday bringing the total to 81 for this year. The news raises the question of whether the $45 billion that the agency raised last year by getting members banks to prepay premiums through 2012 will be enough. If it is not, the FDIC will have to turn to the US [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 5 Jun 2010 | 5:44 am ECB's Trichet says bank stress tests nearly completeBUSAN, South Korea (Reuters) - Europe is close to completing stress tests on its banks to gauge their ability to withstand a market slump and the results should be published to help restore market confidence, top European Central Bank officials said on Saturday.
Source: Reuters: Business News | 5 Jun 2010 | 5:35 am Euro zone faces zero growth: RoubiniGENEVA (Reuters) - The euro zone is facing a period of zero growth if not recession, and the United States is heading for financial trouble, U.S. economist Nouriel Roubini was quoted as saying on Saturday.
Source: Reuters: Business News | 5 Jun 2010 | 5:30 am G20 scraps plans for universal bank taxBUSAN, South Korea (Reuters) - The world's top economies scrapped plans for a universal global bank tax on Saturday, giving countries plenty of wiggle room over how to make banks pay for their bailouts in future.
Source: Reuters: Business News | 5 Jun 2010 | 5:25 am Parents 'breaking insurance laws'Millions of parents are said to be breaking the law in order to save money on car insurance for their children.Source: BBC News | Business | World Edition | 5 Jun 2010 | 5:11 am G20 drops support for fiscal stimulusFinance ministers from the world’s leading economies ripped up their support for fiscal stimulus on Saturday, recognising that financial market concerns over sovereign debt had forced a much greater focus on deficit reductionSource: Financial Times - US homepage | 5 Jun 2010 | 4:54 am
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