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Iceland holds talks over IcesaveOfficials from Iceland, the Netherlands and the UK hold talks over the settlement of a £2.3bn banking dispute.Source: BBC News | Business | World Edition | 5 Jul 2010 | 4:07 am England sponsorship likely to endBuilding society Nationwide says it is likely to end its sponsorship of the England football team after 11 seasons.Source: BBC News | Business | World Edition | 5 Jul 2010 | 4:03 am Europe Markets: OIl giant BP gains in steady EuropeEuropean shares were trading around the flat line Monday, as oil giant BP gained ground but investors continued to fret about the outlook for global economic growth.
Source: MarketWatch.com - Top Stories | 5 Jul 2010 | 4:03 am India strike over fuel price riseNormal life is disrupted in many parts of India because of a strike called by opposition parties against fuel price rises.Source: BBC News | Business | World Edition | 5 Jul 2010 | 4:02 am Lloyds offloads private equity unitLONDON (Reuters) - Bailed-out lender Lloyds Banking Group has agreed to sell its private equity business to buyout firm Coller Capital, accelerating its plan to offload peripheral units...Source: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 4:01 am Lloyds offloads private equity unitLONDON (Reuters) - Bailed-out lender Lloyds Banking Group has agreed to sell its private equity business to buyout firm Coller Capital, accelerating its plan to offload peripheral units and refocus on its core lending activities.
Source: Reuters: Business News | 5 Jul 2010 | 4:01 am Asia ends mixed in light trade, Nikkei gains 0.7%Asian markets end mixed Monday, with Chinese stocks dragged lower by worries of economic slowdown, while Japanese consumer finance firms are buoyed by hopes for relaxed lending laws. A pair of takeovers in Australia fails to keep the broader market in positive territory.
Source: MarketWatch.com - Top Stories | 5 Jul 2010 | 4:00 am New France Telecom CEO lays out 5-year plan (AP)AP - New France Telecom CEO Stephane Richard plans to increase client numbers by 50 percent by 2015 to reach 300 million customers under its Orange brand.Source: Yahoo! News: Business News | 5 Jul 2010 | 3:59 am Future road pricing 'inevitable'Charging motorists per mile travelled is "inevitable" if future traffic gridlock is to be avoided, a charity suggests.Source: BBC News | Business | World Edition | 5 Jul 2010 | 3:59 am Eurozone retail sales up 0.2 percent in May (AP)AP - Retail sales in the 16-nation eurozone rose by 0.2 percent in May from the previous month and by 0.4 percent across the 27 European Union nations, the statistics agency Eurostat reported Monday.Source: Yahoo! News: Business News | 5 Jul 2010 | 3:58 am BP launches search for new investors: reportLONDON/DUBAI (Reuters) - Oil major BP Plc is seeking a strategic investor to secure its independence in the face of any takeover attempts as it struggles with a devastating oil leak in the Gulf of Mexico, newspapers said on Sunday.
Source: Reuters: Business News | 5 Jul 2010 | 3:57 am BP says cost of oil spill hits $3.12 billionLONDON (Reuters) - Oil company BP said it had so far spent $3.12 billion on the response effort to its Gulf of Mexico oil spill.
Source: Reuters: Business News | 5 Jul 2010 | 3:57 am Emerging Markets Report: Zloty gains as Komorowski heads for election winThe zloty gains against the dollar and the euro Monday, as Poland’s acting president looks set to win a narrow victory in the presidential election.
Source: MarketWatch.com - Top Stories | 5 Jul 2010 | 3:55 am Somali pirates seize chemical tanker in Red Sea (AP)AP - The EU's anti-piracy task force says Somali pirates have hijacked a chemical tanker carrying lubricating oil in the Red Sea.Source: Yahoo! News: Business News | 5 Jul 2010 | 3:53 am World stocks steady amid worries over US recovery (AP)
Source: Yahoo! News: Stock Markets News | 5 Jul 2010 | 3:51 am China shares fall to 15-month lowThe Shanghai composite index closes at a 15-month low as economic data points to slowing growth and rising inflation.Source: BBC News | Business | World Edition | 5 Jul 2010 | 3:49 am BP clean-up costs for oil spill hit $3.1bnBP, the oil company struggling to cap a leaking well which has caused the biggest oil spill in US history, said the cost of the clean-up in the Gulf of Mexico oil has hit $3.12bn (£2bn).Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 3:49 am BP clean-up costs exceed $3 billionBP has spent more than $3 billion to clean up the Gulf of Mexico oil spill and paid out nearly half of the claims that have been submitted, the company said Monday.Source: Business and financial news - CNNMoney.com | 5 Jul 2010 | 3:47 am Lloyds sells private equity unitLloyds Banking Group agrees to sell its private equity unit to buyout firm Coller Capital for £332m.Source: BBC News | Business | World Edition | 5 Jul 2010 | 3:47 am BP oil spill costs pass $3bn markThe oil spill in the Gulf of Mexico has cost BP a total of $3.12bn to date, the company says, up $500m from last week.Source: BBC News | Business | World Edition | 5 Jul 2010 | 3:46 am Earnings Forecasts Call for Cool Results (Pundit Watch)A volatile Q2 and seasonal pessimism leave predictions soft.
Source: SmartMoney.com | 5 Jul 2010 | 3:46 am US sees 125,000 jobs lost in JuneThere were about 125,000 US jobs lost in June, figures show, partly due to the loss of temporary census employees.Source: BBC News | Business | World Edition | 5 Jul 2010 | 3:45 am Economic Report: U.K. service-sector growth hit by budgetLONDON (MarketWatch) -- Activity in Britain's services sector slowed more sharply than expected in June, undercut by worries about government spending cuts and a tax rise, according to a monthly survey of purchasing managers released Monday.
Source: MarketWatch.com - Top Stories | 5 Jul 2010 | 3:45 am Stimulus: The big bang is overThe job market and economy need a serious jumpstart, but the stimulus program likely won't be able to do it.Source: Business and financial news - CNNMoney.com | 5 Jul 2010 | 3:42 am Investors take stock as growth doubts lingerGlobal Markets Overview: With Wall street closed for a public holiday, traders continue to contemplate recent evidence that suggests global economic growth is slowingSource: Financial Times - US homepage | 5 Jul 2010 | 3:28 am Bank of China: New funding to suffice for 3 yearsHONG KONG (Reuters) - Bank of China said its bid to raise up to $8.9 billion should give it enough capital for the next three years, seeking to assure markets its second major fund-raising this year will mend its stretched balance sheet for the foreseeable future.
Source: Reuters: Business News | 5 Jul 2010 | 3:15 am Brain patterns may be signs of mental illness risk* Subtle brain differences seen in schizophrenics' siblingsSource: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 3:15 am Stocks down for 4th dayLONDON (Reuters) - World equities fell for the fourth day running on Monday and the dollar traded close to two-month lows on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth.
Source: Reuters: Business News | 5 Jul 2010 | 3:13 am Stocks down for 4th day (Reuters)
Source: Yahoo! News: Stock Markets News | 5 Jul 2010 | 3:13 am New on IngredientsNetwork: Concentrated Fruit Ingredients - Taura, Sugar Substitute - Sweetwell, Ingredient Services - LESAFFRESource: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 3:06 am India's Fortis revokes 39 mln pledged sharesMUMBAI, July 5 (Reuters) - Fortis Healthcare , locked in a battle to take control of Singapore's Parkway Holdings , said on Monday the owners of the Indian hospital chain had revoked about 39 million pledged...Source: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 3:05 am Sifting Through Summer Discounts (Deal of the Day)To clear out summer merchandise, retailers are offering deals.
Source: SmartMoney.com | 5 Jul 2010 | 3:01 am Buick: Shaking Off the Fogey Factor (Driving Force)Buick is giving its fleet a face-lift. Will younger buyers be seduced?
Source: SmartMoney.com | 5 Jul 2010 | 3:01 am Breaking up with mom's brokerOur family thought that Dad had left his estate in great shape when he passed away more than two years ago. But his bank-dominated stock portfolio got whacked almost immediately, and now we're helping our mother fix it. One issue: Her full-service broker, who takes a hefty 1% commission on stock sales and another 1% on stock purchases.Source: Business and financial news - CNNMoney.com | 5 Jul 2010 | 2:55 am Troubled Toyota recalls about 92,000 cars in Japan (AP)
Source: Yahoo! News: Business News | 5 Jul 2010 | 2:53 am London Markets: British shares stuggle for direction but BP gainsLONDON (MarketWatch) -- British shares were struggling for direction on Monday, with miners and banks trading lower and offsetting gains for oil giant BP.
Source: MarketWatch.com - Top Stories | 5 Jul 2010 | 2:48 am World markets struggle amid uneaseWorld markets were mixed Monday, as investors continued to express wariness over the global economic recovery.Source: Business and financial news - CNNMoney.com | 5 Jul 2010 | 2:45 am KBC sells divisions to Daiwa, QBE InsuranceLONDON (MarketWatch) -- Belgian financial services group KBC said Monday that it's agreed to sell some of its bonds and equity derivatives business to Daiwa Securities Capital Markets Co. as well as a reinsurance arm to QBE Insurance, continuing its strategy to dispose of non-core operations.
Source: MarketWatch.com - Top Stories | 5 Jul 2010 | 2:37 am REFILE-UPDATE 1-China Merchants Group acquires Australia's Losca(Refiles to fix Reuters Instrument code in first paragraph)Source: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 2:16 am Currencies: Dollar up vs. euro but not yen in Asia tradingTOKYO (MarketWatch) -- The dollar gained on the euro and British pound in Asian trading Monday, although it held steady against its Japanese counterpart on waning U.S. rate-hike expectations.
Source: MarketWatch.com - Top Stories | 5 Jul 2010 | 2:06 am Air China Launches New PhoenixMiles PromotionSource: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 2:04 am The Perfect End to the July 4th Holiday Weekend: A Free Junior Deluxe Sandwich From Arby'sSource: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 2:00 am Lloyds offloads private equity investmentsLloyds Banking Group, the bailed out British lender, has sold its portfolio of 40 private equity investment to buyout firm Coller Capital.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 1:58 am Maxatec Launches a New Range of Portable Thermal Label PrintersSource: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 1:53 am UPDATE 2-Premier ups Catcher/Catcher East reserves estimate* Ups reserves estimate to 60-100 mln barrels vs 50-80 mlnSource: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 1:49 am FTSE index climbs in early trade (AFP)
Source: Yahoo! News: Stock Markets News | 5 Jul 2010 | 1:49 am Lloyds Banking Group sells control of finance unit (AP)AP - Lloyds Banking Group has agreed to sell a controlling stake in its Bank of Scotland Integrated Finance business.Source: Yahoo! News: Business News | 5 Jul 2010 | 1:48 am London's banks buoyed by stress-test forecastLondon equities held steady on Monday morning, with financial stocks making progress after analysts at UBS forecasted that European banks had nothing to fear from balance sheet stress tests. About...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 1:48 am TPG and Goldman set to buy Candover's Ontex: sourcesLONDON (Reuters) - TPG and Goldman Sachs's private equity arm are close to a deal to buy Ontex, the European private-label diaper maker, from buyout firm Candover for 1.2 billion euros...Source: RSS feed - channel BNewsBusiness | 5 Jul 2010 | 1:45 am Investors take stock as growth doubts lingerMonday 08:30 BST. Traders are making tentative additions to riskier bets as they reason that recent evidence suggesting global economic growth is slowing may be priced into the market. The FTSE...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 1:42 am GM sells more in China than in U.S.China has become the top sales market for General Motors, the iconic American automaker which is owned by U.S. taxpayers.Source: Business and financial news - CNNMoney.com | 5 Jul 2010 | 1:41 am Wall Street: Pursued by a bearInvestors returning from a long holiday weekend better come back well rested, as the weeks ahead bring something of a battle.Source: Business and financial news - CNNMoney.com | 5 Jul 2010 | 1:39 am Travis Perkins agrees £558m dealBuilders' merchant Travis Perkins agrees a £557.6m deal to buy plumbing and heating company BSS Group.Source: BBC News | Business | World Edition | 5 Jul 2010 | 1:30 am Apple admits iPhone signal faultApple says a significant fault on its new iPhone 4 is causing it to incorrectly display the phone's signal.Source: BBC News | Business | World Edition | 5 Jul 2010 | 1:18 am Business Bullet: Miners, BT, Pearson, HMVThe latest news on: Miners, BT, Pearson, HMVSource: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 1:12 am Travis Perkins, BSS agree £557m takeoverWickes owner and UK's top plumbing supplies company agree a £557.6m offer to create leading plumbing and retail distribution business.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 1:11 am Time to buy stocks? Rebounds often follow divesIf you have the courage to buy, history suggests you may be rewarded. Then again, the current drop could be signaling a double-dip recession instead. ...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 1:00 am Fake money a growing problem for small businessesFirms that operate on a cash-only basis are particularly at risk. But employee training and some devices can make counterfeit bills easier to spot.Funny money is no joke for small-business owners.
Source: L.A. Times - Business | 5 Jul 2010 | 1:00 am New SBA regional chief to focus on lending, job growthElizabeth Echols, appointed administrator for states including California, sees access to credit as the biggest hurdle to keeping and creating positions at small firms. ...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 1:00 am UPS offers 'luggage boxes' as alternative to checking bagsAlso: Transportation Department can't ban airline peanuts without a study, and Continental offers a new lineup of cocktails.Only days after federal officials announced that the nation's airlines had collected 33% more revenue this year from checked luggage fees, UPS offered its alternative to the hassle and expense of lugging a suitcase through an airport.
Source: L.A. Times - Business | 5 Jul 2010 | 1:00 am New SBA regional chief to focus on lending, job growthElizabeth Echols, appointed administrator for states including California, sees access to credit as the biggest hurdle to keeping and creating positions at small firms.Elizabeth Echols is bringing the Obama administration's efforts to spur small-business lending to Southern California.
Source: L.A. Times - Business | 5 Jul 2010 | 1:00 am Small-business advice: Renewal notices can be scamsAlso: How to keep employees from leaving for jobs at bigger companies. Dear Karen: I get many notices telling me to renew my business...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 1:00 am PACE loan program makes solar energy more affordable for homeownersA program in which people get loans from municipalities for energy efficiency upgrades and pay it back in property taxes is heating up. ...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 1:00 am UPS offers 'luggage boxes' as alternative to checking bagsAlso: Transportation Department can't ban airline peanuts without a study, and Continental offers a new lineup of cocktails. ...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 1:00 am Time to buy stocks? Rebounds often follow divesIf you have the courage to buy, history suggests you may be rewarded. Then again, the current drop could be signaling a double-dip recession instead.If you're gutsy enough to buy on dips, how about buying on a dive?
Source: L.A. Times - Business | 5 Jul 2010 | 1:00 am Small-business advice: Renewal notices can be scamsAlso: How to keep employees from leaving for jobs at bigger companies.Dear Karen: I get many notices telling me to renew my business documents. Are these scams?
Source: L.A. Times - Business | 5 Jul 2010 | 1:00 am PACE loan program makes solar energy more affordable for homeownersA program in which people get loans from municipalities for energy efficiency upgrades and pay it back in property taxes is heating up.For decades, the push for solar power has stalled not on public support but on cost. That might be about to change with the launch of a tax program that's exciting some industry veterans.
Source: L.A. Times - Business | 5 Jul 2010 | 1:00 am Fake money a growing problem for small businessesFirms that operate on a cash-only basis are particularly at risk. But employee training and some devices can make counterfeit bills easier to spot. ...Source: RSS feed - channel BNPaperBusiness | 5 Jul 2010 | 1:00 am NZ sharemarket starts week with modest gainsThe New Zealand sharemarket made small gains on a quiet Monday and is likely to remain subdued tomorrow with a long weekend in the United States market."It is unusually quiet because it is a holiday in the United States again...Source: nzherald.co.nz - Business | 5 Jul 2010 | 12:44 am NZ dollar affected by global growth worriesThe New Zealand dollar firmed slightly today after being affected during the weekend by global growth worries.Around 5pm the NZ dollar was buying US69.00c, up slightly from US68.84c at 8am. During the weekend it had eased from...Source: nzherald.co.nz - Business | 5 Jul 2010 | 12:43 am Peter Brimelow: Gold's break shakes some, but not allGold’s bad week shakes conventional analysts, but the radical gold bugs remain confident if cynical, reports Peter Brimelow.
Source: MarketWatch.com - Top Stories | 5 Jul 2010 | 12:28 am Samsung H2 could play spoilsport to strong recoverySEOUL (Reuters) - Samsung Electronics' second-half performance might be hit by weak European markets, and the launch of its new smartphones is key as the world's No. 1 memory chipmaker is set to report a record quarterly profit.
Source: Reuters: Business News | 5 Jul 2010 | 12:16 am Samsung H2 could play spoilsport to strong recovery (Reuters)
Source: Yahoo! News: Business News | 5 Jul 2010 | 12:16 am Asian stocks mixed on new worries over US recoveryAsian stock markets were mixed Monday in light trading as a disappointing jobs report from the US and concerns over bank lending and slackening growth in China sparked investor unease.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 12:15 am Emerging Markets Report: China's housing prices to fall, official saysChina’s property market will see a downward price correction in the next few months as the effects of tightening measures weigh, reports quote a senior Chinese minister as saying.
Source: MarketWatch.com - Top Stories | 5 Jul 2010 | 12:13 am Pay rises for FTSE 100 executives despite share price fallsBosses of Britain's top 100 listed companies saw their pay rise 5pc to an average of £3.1m since 2008 despite a drop in key performance targets, new research shows.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 5 Jul 2010 | 12:10 am Bulls on the run in shortened weekNEW YORK (Reuters) - Bearish bets in the equity options market, coupled with an increasingly sour view from a technical perspective, suggest stocks will struggle to break from a vicious two-month downtrend this week.
Source: Reuters: Business News | 4 Jul 2010 | 11:32 pm American geologist Xue Feng jailed in China for eight yearsAn American geologist detained and tortured by China's state security agents over an oil industry database has been jailed for eight years in an example of China's rough justice.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jul 2010 | 11:19 pm Asia Markets: Australian M&A news failing to lift marketAustralian merger-and-acquisition announcements and end of uncertainty over a controversial mining-sector tax fail to lift concerns that the global economy was likely to slow in coming months.
Source: MarketWatch.com - Top Stories | 4 Jul 2010 | 11:19 pm Chrysler to set up separate Fiat dealer network (AP)
Source: Yahoo! News: Business News | 4 Jul 2010 | 10:58 pm Hedge funds see "trying" year in 2010BOSTON (Reuters) - Hedge fund managers feel they aren't out of the woods quite yet.
Source: Reuters: Business News | 4 Jul 2010 | 10:11 pm Toyota begins recalls in Japan over faulty engines (AFP)
Source: Yahoo! News: Business News | 4 Jul 2010 | 9:21 pm Auckland house prices slump in JuneAuckland house sales slumped last month as winter malaise set in among buyers amid declining demand in the property market.The number of sales sank 16 per cent to 665 in June from a month earlier, and was down 23 per cent from...Source: nzherald.co.nz - Business | 4 Jul 2010 | 9:00 pm Landcorp confirms bid for Crafar farmsThe nation's biggest state-owned farmer, Landcorp Farming, has confirmed it is bidding to buy the 16 former Crafar family farms for which a Chinese company, Natural Dairy, has already signed a conditional deal.Landcorp chief executive...Source: nzherald.co.nz - Business | 4 Jul 2010 | 9:00 pm Kiwibank follows rivals with big mortgage rate cutsKiwibank, which led its rivals in cutting two-year fixed home loan rates last week, has now followed them by reducing its three, four and five year rates.Kiwibank said it had dropped its three-year rate by 45 basis points to 7.25...Source: nzherald.co.nz - Business | 4 Jul 2010 | 9:00 pm Date set for Feltex decisionThe fate of Feltex's five directors will be determined on August 2 when they are due back in court to hear whether they will be found guilty or not of alleged Financial Reporting Act breaches.The directors' trial ended last week...Source: nzherald.co.nz - Business | 4 Jul 2010 | 8:30 pm Vale in Canadian strike dealVale, the Brazilian mining group, has reached a tentative deal with the United Steelworkers union to end a bitter year-long strike by 3,000 workers at its nickel operations in CanadaSource: Financial Times - US homepage | 4 Jul 2010 | 8:27 pm Russia will struggle to join the fold on tradeRelations between the US and Russia, riding high after a recent "cheeseburger summit" between Presidents Barack Obama and Dmitry Medvedev, came back to earth during the recent spy scandal. But in between,...Source: RSS feed - channel BNPaperBusiness | 4 Jul 2010 | 6:51 pm Some "hot money" flowing to China: official (Reuters)Reuters - China's high economic growth and expectations of a stronger yuan are luring global speculative funds into its stock and property markets, a senior foreign exchange regulator said in remarks published on Monday.Source: Yahoo! News: Stock Markets News | 4 Jul 2010 | 6:48 pm We need institutions to profit from prudenceIt is a relief that the chancellor has given the task of supervising banks back to the Bank of England. Sensible voices have been advocating this, notwithstanding the patchy record of the Bank. ...Source: RSS feed - channel BNPaperBusiness | 4 Jul 2010 | 6:33 pm Classic contractor fibsEven honest contractors occasionally play a bit fast and loose with the truth. All tradesmen are looking to maximize profits and minimize hassle -- and that can end up costing you extra money. So don't take everything a contractor says as gospel, says David Fogt, chief of enforcement for the California Contractors State License Board. Try these strategies to neutralize three classic fibs without harming your working rapport.Source: Business and financial news - CNNMoney.com | 4 Jul 2010 | 5:56 pm How many iPhones did Apple sell?Source: Business and financial news - CNNMoney.com | 4 Jul 2010 | 5:54 pm Consumers feeling comfortable financially - surveyConsumers are feeling more comfortable about the economy and their personal finances than they were in February, a poll by UMR Research has found.The Consumer Comfort Index (CCI), carried out last month, found 48 per cent of 1100...Source: nzherald.co.nz - Business | 4 Jul 2010 | 5:30 pm Inside Money: Is KiwiSaver a cannibal?If there was ever any doubt that KiwiSaver has been the saviour of New Zealand's retail funds management industry the latest quarterly figures from the trans-Tasman alliance of actuarial firms, Plan for Life and Eriksen & Associates,...Source: nzherald.co.nz - Business | 4 Jul 2010 | 5:00 pm NZ sharemarket edges up earlyThe New Zealand sharemarket made small early gains as stocks in market leaders Telecom and Fletcher Building both edged up 1c amid a restrained start to the week.Around 10.20am the benchmark NZX-50 index was up 2.99 points to...Source: nzherald.co.nz - Business | 4 Jul 2010 | 4:46 pm Kiwi falls as US data fuels double-dip fearsThe New Zealand dollar fell back below 69 US cents after weak labour data stoked fears the global economy is heading for a double-dip recession.Some 125,000 jobs were shed from the US economy last month as temporary employment...Source: nzherald.co.nz - Business | 4 Jul 2010 | 4:30 pm Lenovo: Apple is losing out in ChinaApple is missing a huge opportunity in the Chinese market, according to Liu Chuanzhi, the head of Lenovo, the country’s leading PC makerSource: Financial Times - US homepage | 4 Jul 2010 | 4:24 pm BP oil spill: churches demand compensation from BP after loss of incomeGod, in the shape of local churches, has joined the growing queue of those seeking compensation from BP for the Gulf of Mexico oil spill.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jul 2010 | 4:14 pm BP oil spill: oil giant explores Middle East investment to fend off rivalsA Barclays Bank-style rescue is being discussed by BP with investors in Abu Dhabi and Qatar to strengthen its defences against opportunistic bids.Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jul 2010 | 4:11 pm KKR set to float on New York Stock Exchange for $9bnKKR will this week attempt to defy recent market turmoil with a flotation on the New Stock Exchange that is expected to value the private equity giant at as much as $9bn (£5.9bn).Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 4 Jul 2010 | 4:10 pm Brussels to press for higher retirement agesBrussels will wade into the fraught pensions debate this week, pushing for higher retirement ages across the European Union as the weight of obligations to pensioners threatens the bloc’s public financesSource: Financial Times - US homepage | 4 Jul 2010 | 3:52 pm Pru’s Asian stock attracts little interestAsian investors shun shares in Prudential after it listed in the region in May, providing further ammunition to critics who believe the UK group mishandled its attempt to buy AIG’s local life insurance unitSource: Financial Times - US homepage | 4 Jul 2010 | 3:16 pm Germany focuses on cutting spendingThe country’s cabinet is poised this week to approve a 2011 budget as part of a four-year programme of spending cuts meant to serve as an example to other European governments without jeopardising an economic recoverySource: Financial Times - US homepage | 4 Jul 2010 | 3:11 pm Petraeus says Afghan war at critical stageThe nine-year war in Afghanistan has reached a critical stage, US General David Petraeus says as he formally takes command of the 130,000-strong Nato-led force fighting a deadly Taliban insurgencySource: Financial Times - US homepage | 4 Jul 2010 | 2:31 pm US claims of higher drug costs under fireClaims by the US drugs industry that the US disproportionately funds research and development of new drugs by paying higher prices than Europe for its medicines are undermined by a new study to be published soonSource: Financial Times - US homepage | 4 Jul 2010 | 1:24 pm France trims budget piecemeal to ward off protest (AP)
Source: Yahoo! News: Business News | 4 Jul 2010 | 1:06 pm Biden meets Iraqi rivals in bid to end impasseThe US vice-president meets the country’s prime minister and his leading rival in an effort to end the political stalemate that followed the general electionSource: Financial Times - US homepage | 4 Jul 2010 | 12:55 pm Budget cuts and reform will help growth: TrichetAIX-EN-PROVENCE, France (Reuters) - Budget cuts and structural reforms will help cement economic recovery, while bank stress tests will help restore confidence, European Central Bank President Jean-Claude Trichet said on Sunday.
Source: Reuters: Business News | 4 Jul 2010 | 12:11 pm After drop, will stocks rise? S&P data offer hope (AP)
Source: Yahoo! News: Stock Markets News | 4 Jul 2010 | 11:30 am Republican chief under pressure to resignPressure mounted on Michael Steele to resign as head of the Republican National Committee over the weekend, with senior senators from his party pouring scorn on the controversial chairman’s assertion that the war in Afghanistan is unwinnableSource: Financial Times - US homepage | 4 Jul 2010 | 11:11 am Bulls on the run in shortened week (Reuters)
Source: Yahoo! News: Stock Markets News | 4 Jul 2010 | 9:19 am Latest Oil Collection Hope Is For “The Whale”The US Coast Guard and BP plc hope that a massive Taiwanese tanker fitted with special oil collection equipment can skim massive amounts of crude from the surface of the Gulf. The ship has been nicknamed “The Whale” because of its size and its method of collecting oil by bring water though outer doors on [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall St. | 4 Jul 2010 | 5:54 am Roubini sees eurozone 2010 growth "closer to zero"AIX-EN-PROVENCE, France (Reuters) - Euro zone growth in 2010 could be "closer to zero" after a volatile second quarter threatens to dash previous estimates of 1 percent, U.S. economist Nouriel Roubini said on Sunday.
Source: Reuters: Business News | 4 Jul 2010 | 5:47 am Best and Worst Funds of the First Half (Screens)Bond funds performed particularly well. Energy, not so much.
Source: SmartMoney.com | 4 Jul 2010 | 3:01 am
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