Dubai World property arm sells off Malaysia stake (AP)

AP - A property arm of struggling state conglomerate Dubai World is backing out of a plan to build luxury homes in Malaysia as it looks to shore up its finances.
Source: Yahoo! News: Business News | 11 Jul 2010 | 3:51 am

Chinese credit firm says US worse risk than China (AP)

AP - A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government debt Sunday amid efforts by China to boost its influence in global markets.
Source: Yahoo! News: Business News | 11 Jul 2010 | 3:50 am

Vatican sees third straight loss

The Vatican reports its third consecutive loss, despite a 9% rise in donations from Catholic Church congregations.
Source: BBC News | Business | World Edition | 11 Jul 2010 | 3:29 am

BP begins work to install new cap

BP removed a containment cap from its stricken Gulf of Mexico oil well in the first step toward installing a bigger cap to contain all the crude gushing into the sea and fouling the coast
Source: Financial Times - US homepage | 11 Jul 2010 | 3:19 am

BP works to replace cap over gushing well (AFP)

This still image from a live BP video feed shows robots working to replace the cap on a gushing well in the Gulf of Mexico. Using underwater robots, BP engineers worked Sunday to replace a cap over a gushing oil well in the Gulf of Mexico as part of a new attempt to contain the worst environmental disaster in US history.(AFP/BP)AFP - Using underwater robots, BP engineers worked on Sunday to replace a cap over a gushing oil well in the Gulf of Mexico as part of a new attempt to contain the worst environmental disaster in US history.



Source: Yahoo! News: Business News | 11 Jul 2010 | 2:17 am

Chinese credit firm says US worse risk than China

A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government debt Sunday amid efforts by China to...
Source: RSS feed - channel BNewsBusiness | 11 Jul 2010 | 1:55 am

Dubai's 2 stock exchanges start to act as 1

Dubai's two stock markets are moving closer together by linking their trading platforms in a bid to boost the number of shares changing hands. Shares listed on the Nasdaq Dubai stock...
Source: RSS feed - channel BNewsBusiness | 11 Jul 2010 | 1:51 am

Dubai's 2 stock exchanges start to act as 1 (AP)

AP - Dubai's two stock markets are moving closer together by linking their trading platforms in a bid to boost the number of shares changing hands.
Source: Yahoo! News: Stock Markets News | 11 Jul 2010 | 1:51 am

China's foreign reserves rise to $2.45 trillion (AP)

AP - China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
Source: Yahoo! News: Business News | 11 Jul 2010 | 1:50 am

Japan votes in election seen as test for Democrats (AP)

A woman bows while acknowledging election officials as anothers casts his votes at a polling station in Tokyo,  Sunday, July 11, 2010. Japanese voters cast ballots in a parliamentary election Sunday that is viewed as a test of confidence in the ruling Democrats' 10 months in power. (AP Photo/Junji Kurokawa)AP - Japan voted in parliamentary elections Sunday as the ruling Democrats highlighted reforms and cuts in wasteful spending during their 10-month rule, while apologizing for creating "confusion and mistrust" over tax-hike talk and a dispute involving a U.S. base.



Source: Yahoo! News: Business News | 11 Jul 2010 | 1:48 am

BP's new oil leak plan under way

Underwater robots successfully remove a leaking cap as BP tries again to halt the Gulf of Mexico oil leak.
Source: BBC News | Business | World Edition | 11 Jul 2010 | 1:29 am

Oil unleashed temporarily in attempt to contain it (AP)

In this image taken from video provided by BP PLC, the arm of a remotely operated vehicle works at the Deepwater Horizon oil spill site in the Gulf of Mexico, Saturday, July 10, 2010. Robotic submarines removed the cap from the gushing well in the Gulf of Mexico on Saturday, beginning a period of at least two days when oil will flow freely into the sea. It's the first step in placing a tighter dome that is supposed to funnel more oil to collection ships on the surface a mile above. If all goes according to plan, the tandem of the tighter cap and the surface ships could keep all the oil from polluting the fragile Gulf as soon as Monday. (AP Photo/BP PLC) NO SALESAP - Hundreds of thousands of gallons of oil are being allowed to spew into the fouled waters of the Gulf of Mexico while BP engineers prepare to install a new containment system they hope will catch it all in the coming days.



Source: Yahoo! News: Business News | 11 Jul 2010 | 1:15 am

VoIP basics: How to make free phone calls via the Internet

The first time my daughter went overseas with her college classmates, I called our cellphone company to inquire about international connection plans. For just $6 a month, they told me, I could get "discounted" calls to wherever my daughter traveled.



Source: L.A. Times - Business | 11 Jul 2010 | 1:00 am

Profile: Bert Boeckmann, owner of Galpin Motors

Boeckmann says he never intended to be the largest Ford dealer. But he found that having well-run service and sales departments led to economies of scale and pushed growth.

The gig: President and owner of Galpin Motors of North Hills, which includes the largest Ford retailer in the U.S. The Ford dealership was founded in San Fernando in 1946 by Frank Galpin and later purchased by Boeckmann. The company also has franchises selling Lincoln, Mercury, Aston Martin, Jaguar, Lotus, Mazda, Spyker and Honda vehicles. Galpin Motors, which employs 900 people, recorded $500 million in sales last year.



Source: L.A. Times - Business | 11 Jul 2010 | 1:00 am

Home of the Week: Former hunting retreat in Claremont

The hacienda-style Trails End Ranch offers a rare glimpse of early California from its nearly 51 wilderness acres.

The former hunting retreat that Southern California Edison's first president, John Barnes Miller, built around 1918 is for sale in unincorporated Claremont.



Source: L.A. Times - Business | 11 Jul 2010 | 1:00 am

'Cash-in' refinancing lets underwater homeowners take advantage of low interest rates

Homeowners who owe so much on their mortgages that they can't refinance may want to consider bringing some money to the table to take advantage of today's near record-low interest rates.



Source: L.A. Times - Business | 11 Jul 2010 | 1:00 am

No doomsday for Treasury bonds yet

U.S. government securities staged an explosive rally in the second quarter that stunned experts and outperformed other bond sectors.

Three months ago, the conventional wisdom was that the incipient economic recovery had turned the Treasury bond market, typically a haven for nervous investors, into a dangerous place.



Source: L.A. Times - Business | 11 Jul 2010 | 1:00 am

Is it OK to run credit checks on tenants?

A property manager wants to know which residents might have trouble paying rent, but credit reports aren't the best method.

Question: I was recently hired to manage a rental property with 32 units. Given the current economic uncertainty, I want to review the financial records of the residents to decide which of them are financially stable and which can be expected to have trouble paying the rent. I want to be ready in case ownership decides to increase the rent to make up for reductions they were forced to offer in the last couple of years.



Source: L.A. Times - Business | 11 Jul 2010 | 1:00 am

Daring investors bet on 'frontier markets'

Countries such as Nigeria and Vietnam hold untapped growth potential, enthusiasts say. But the risks are many.

Since the stock market hit bottom in March 2009, investors have poured into emerging-market mutual funds on the expectation that countries such as China, Russia, Brazil and Indonesia will grow far more rapidly than the developed economies in the United States, Europe and elsewhere.



Source: L.A. Times - Business | 11 Jul 2010 | 1:00 am

China's foreign reserves rise to $2.45 trillion

China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday. However, its reserves increased by only...
Source: RSS feed - channel BNewsBusiness | 11 Jul 2010 | 12:57 am

Businesses step up criticism of Obama's agenda

WASHINGTON (Reuters) - Some business groups, upset about budget and regulatory policies they say are costing jobs, are accusing President Barack Obama of pursuing an agenda that is hurting...
Source: RSS feed - channel BNewsBusiness | 10 Jul 2010 | 11:04 pm

Businesses step up criticism of Obama's agenda

WASHINGTON (Reuters) - Some business groups, upset about budget and regulatory policies they say are costing jobs, are accusing President Barack Obama of pursuing an agenda that is hurting the U.S. economic recovery.



Source: Reuters: Business News | 10 Jul 2010 | 11:04 pm

Brazil: Air France jet lands after bomb threat

An Air France passenger jet headed from Rio to Paris made an emergency landing in northeastern Brazil on Saturday night due to a bomb threat. All 405 passengers and 18 crew members were...
Source: RSS feed - channel BNewsBusiness | 10 Jul 2010 | 10:44 pm

Job listings up

Latest figures from Trade Me show the number of jobs listed on the site grew by 29 per cent between the second quarter of last year and the same period this year. There was a jump of 15 per cent between the first and the second...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 10:21 pm

Land wars bedevil India's rush to industrialize

It doesn't look like he's won much from industrialization. Take his face, weathered beyond his 30 years, or the earth stuck to his bare ungainly feet. Jaisar Khan Pathan, one in a long...
Source: RSS feed - channel BNewsBusiness | 10 Jul 2010 | 10:01 pm

ECB launches offensive on eurozone economic fears

The European Central Bank insists the eurozone will not fall back into recession, saying the worst of the debt crisis is past and other economies should now be fixing their public finances.
Source: RSS feed - channel BNewsBusiness | 10 Jul 2010 | 9:02 pm

QFC Recalls Broccoli Raisin Salad for Undeclared Allergen


Source: RSS feed - channel BNewsBusiness | 10 Jul 2010 | 9:00 pm

Oil flows as robots begin new effort to cap leak

Crude flows freely from Gulf well after robots working 5,000 below the surface remove one cap so they can replace it with another that BP claims will capture all the leaking oil.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 6:40 pm

Japan votes in election seen as test for Democrats

Japanese voters cast ballots in a parliamentary election Sunday that is viewed as a test of confidence in the ruling Democrats' 10 months in power. Polls show that Prime Minister Naoto...
Source: RSS feed - channel BNewsBusiness | 10 Jul 2010 | 5:53 pm

Toyota lashed out at instructor during big recall (AP)

In this Feb. 23, 2010 file photo, David Gilbert, an associate professor of automotive technology at Southern Illinois University in Carbpondale, Ill., testifies on Capitol Hill in Washington before the House Oversight and Investigations subcommittee hearing on Toyota. Gilbert uncovered possible flaws in Toyota vehicles that was causing some of the world's most popular cars to accelerate suddenly. Electronic messages show that the world's largest automaker tried repeatedly to cast doubt on his findings and even questioned whether he should be employed by the school, which had long been a recipient of company donations. (AP Photo/Alex Brandon, File)AP - It's the kind of publicity any university might dream about: An instructor uncovers a possible flaw that's causing some of the world's most popular cars to accelerate suddenly. His ground-breaking work attracts interest from Congress and reporters worldwide.



Source: Yahoo! News: Business News | 10 Jul 2010 | 5:46 pm

Known unknowns take shine off Ocado float


Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 5:00 pm

M&S's Dutch boss on the horns of a dilemma

Some people just can't resist the call of the vuvuzela. Like sailors being lured on to the rocks by the call of the Sirens, UK bosses have been answering the call of the cone by jetting out to South Africa in search of sport.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 4:57 pm

GOP candidate Angle to rally GOP against Reid (AP)

Barbara Keeney of Nevada waitis for results of a Republican primary in Nevada on June 8. Sharron Angle won the primary and will face U.S. Senate Majority Leader Harry Reid in the November election.(AFP/Getty Images/Ethan Miller)AP - U.S. Senate candidate Sharron Angle on Friday denounced Majority Leader Harry Reid as a "desperate man" who was distorting her conservative record while ignoring a state that leads the nation in joblessness, foreclosures and bankruptcies.



Source: Yahoo! News: Business News | 10 Jul 2010 | 4:50 pm

Wall Street reform = 68 studies

In Washington, there's a code phrase for the middle ground that lawmakers find after a torrent of industry lobbying or partisan debate: "Let's do a study."
Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 4:15 pm

50 smartest people in tech

What constitutes tech savvy today? An alchemy of intellect, ambition, and that uncanny ability to peer around corners. Some of our choices may surprise you.
Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 4:13 pm

BP uncorks well to fit gusher with new cap


Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 4:13 pm

Hemingway's son approves new footwear line

The 82-year-old son of writer Ernest Hemingway says his famous father would approve of a new line of shoes named after the Pulitzer and Nobel prize-winning author that are divided into...
Source: RSS feed - channel BNewsBusiness | 10 Jul 2010 | 4:08 pm

Apple opens Shanghai store


Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 4:08 pm

Patent troll takes tech giants to court

NTP Inc., a patent holding company that shook up the tech world in several years ago by extracting a pricey legal settlement from BlackBerry maker Research in Motion, announced Friday it had launched a fresh barrage of patent infringement lawsuits against the tech world's leading lights.
Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 4:04 pm

Bush tax cuts: What's next?

Odds are good that the middle-class will get to keep their tax cuts. The question now is for how long.
Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 4:03 pm

Farm workers: Take our jobs, please!

Facing growing anti-immigrant rhetoric, the United Farm Workers union is challenging Americans to take their labor-intensive, low-paying farm jobs.
Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 3:54 pm

Budd plan for OBR 'triple lock'

The chairman of the Office for Budget Responsibility (OBR) is to lay out a blueprint to make the watchdog more independent after its figures on the UK economy were accused of being too pro-Government.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 3:48 pm

Kent Reliance in talks with JC Flowers

One of Britain's oldest building societies is in advanced talks with an American financial investor about a multi-million-pound injection of capital.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 3:19 pm

New cap designed to catch up to 80,000 barrels a day in Gulf

BP has taken off the cap over the leaking well in the Gulf of Mexico so that a better one can be installed.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 3:04 pm

NewsWatch: U.S. stocks to test gains in debut earning week

The U.S. stock market’s recent gains will be put to the test in the coming week as investors digest a torrent of major earnings and data, which may further mute hopes of economic recovery.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 3:00 pm

Ladbrokes takes punt on rival

Ladbrokes' new chief executive, Richard Glynn, has made his first move to strengthen his senior management team by poaching a key executive from rival Coral.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 2:58 pm

Verey to return in boost for Lazard

The former chairman of Lazard's London office is set to return to the investment bank where he worked for nearly three decades as it looks to bolster its roster of City heavyweights.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 2:56 pm

Breaking up eurozone would benefit economy, say experts

A break-up of the eurozone would be positive for growth in the region and not the disaster that many think, economists have argued.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 2:55 pm

Osborne defies EU over base for regulator

George Osborne is to demand that one of the three new "super-regulators" planned by the European Union is based in London, after the European Parliament said that all three should be in Frankfurt.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 2:52 pm

HSBC chief warns over plans to break up banks

The HSBC's chairman, Stephen Green, has revealed serious concerns about the future strength of the economically vital banking sector which is under threat from a wave of new regulations.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 10 Jul 2010 | 2:48 pm

Snowe: No decision on U.S. financial reg reform vote

LISBON FALLS, Maine (Reuters) - Maine Senator Olympia Snowe said on Saturday she has not decided which way to vote on crucial financial reform legislation, with the most important thing being "to get it right."



Source: Reuters: Business News | 10 Jul 2010 | 2:08 pm

Debt collectors get nasty

Debt collectors are getting desperate and dirty.
Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 1:25 pm

Obama promises help for combat veterans

President says he'll make it easier to get treatment for post-traumatic stress disorders.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 12:24 pm

China trade surplus jumps

Imbalance grows more than expected in June.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 11:59 am

BofA bolsters compliance after $10.7 billion error (Reuters)

Reuters - Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators.
Source: Yahoo! News: Business News | 10 Jul 2010 | 11:58 am

BofA bolsters compliance after $10.7 billion error

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators.



Source: Reuters: Business News | 10 Jul 2010 | 11:58 am

Tesla: Toyota test cars coming soon

Electric carmaker Tesla Motors will deliver two prototypes to Toyota Motor Co. by the end of the month, a Tesla executive said Saturday.
Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 11:05 am

Blue Chip rulings favour stung clients

Auckland lawyer Zel Unkovich has been ordered to pay two Blue Chip victims $160,000 in compensation for failing to advise them of the risks of the investment.It is the second court ruling against a lawyer Blue Chip recommended...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 11:00 am

Airlines 'fail to refund taxes'

Airlines are accused of keeping millions of pounds for themselves which ought to be refunded to passengers.
Source: BBC News | Business | World Edition | 10 Jul 2010 | 10:55 am

Smartphone firms face patent row

Six smartphone firms including Apple and Nokia are sued by a firm that has already won a case against Blackberry-maker RIM.
Source: BBC News | Business | World Edition | 10 Jul 2010 | 10:44 am

Microsoft, Fujitsu to join up on cloud computing

Microsoft Corp. and Japan's Fujitsu Ltd. will likely announce in the coming week an agreement to join forces in cloud computing, according to a media report Saturday.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 10:21 am

B. of A. says it made deals that hid debt: WSJ

Bank of America Corp. has told federal regulators that it made six trades from 2007 to early 2009 that led to it hiding billions of dollars of debt, according to a media report.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 10:17 am

China likely to report large trade surplus in June

China is on track to post a large trade surplus in June, underpinned by buoyant global demand and strong shipments to the euro zone where the appetite for Chinese-made goods is likely to have held up fairly well in spite of the recent financial turmoil.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 10:07 am

Bryers' ban 'far too short'

A damning official report into Blue Chip boss Mark Bryers says authorities would ban him from running a company for more than the maximum five years, if they were legally allowed to.The Herald on Sunday has discovered Government...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 10:00 am

Shoppers going back to basics

Kiwi shoppers are spending on groceries, takeaways, and big-ticket items, but are reluctant to splash out on clothing, liquor and dining out.A year after the worst recession in decades began, our spending habits show we still...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 10:00 am

Dairy deal highlights our fear of foreigners

Last August, weeks before his dairying empire went into receivership, Allan Crafar talked about the Chinese investors who were looking to buy his family's 16 North Island farms.Allan didn't want to reveal the name of the bidder...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 10:00 am

Sour reaction to risque chocolate bar ad

Six complaints have been made to the Advertising Standards Authority about a chocolate ad because it shows too much flesh.The Whittaker's Ghana Peppermint ad features a naked couple skinny-dipping in pools of chocolate and peppermint.A...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 10:00 am

Bernard Hickey: Rates cut will give little thrust to housing market

A bevy of banks surprised homeowners and regulators this week when they slashed their long term mortgage rates by as much as 0.75 per cent.But is it enough to transform the housing market in the same way that the mortgage price...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 10:00 am

NewsWatch: U.S. stocks to test gains in debut earning week

The U.S. stock market’s recent gains will be put to the test in the coming week as investors digest a torrent of major earnings and data, which may further mute hopes of economic recovery.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 10:00 am

Kerre Woodham : Keep the land in Kiwi hands

I don't understand how a failed businesswoman can be a leading contender to take over a serious chunk of New Zealand farmland.As I see it, when that dreadful man Allan Crafar was given enough rope by PGG Wrightson and various...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 10:00 am

Diana Clement: Avoid chains for computers

Computers are expensive beasts, and every few years you need a new one because the old one doesn't have enough grunt.Most people make a beeline for the likes of The Warehouse, Harvey Norman or Dick Smith, assuming the deals on...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 10:00 am

Cash in on old gold

That broken brooch or old-fashioned bracelet at the bottom of your jewellery box could be converted into hard cash as dealers look for sources of gold to meet growing demand.The global economic turmoil hitting the United States...
Source: nzherald.co.nz - Business | 10 Jul 2010 | 10:00 am

The real test for stocks

The stock market's best week in a year has restored some confidence to battered investors, but the real test begins Monday when companies start reporting second quarter profits and losses.
Source: Business and financial news - CNNMoney.com | 10 Jul 2010 | 9:48 am

Don't Worry About the Economy (Ahead of the Curve)

Luskin: The talk of a double-dip recession doesn't add up.



Source: SmartMoney.com | 10 Jul 2010 | 9:16 am

German labor office chief says crisis not over

BERLIN (Reuters) - It's too early to say the economic crisis in Germany has passed because considerable risks to the recovery remain, the head of the Federal Labour Office, Frank-Juergen Weise, was quoted as saying on Saturday. Weise told German newspaper Rheinpfalz am Sonntag that while developments on the labor market were better than expected, he was worried "the economic crisis is being declared over," he said in excerpts from an article due to appear on Sunday.



Source: Reuters: Business News | 10 Jul 2010 | 9:06 am

Earnings Outlook: Google seen posting sharp profit, sales gains

Results expected to show continuing benefit from an improving online advertising market.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 8:17 am

Stocks to Watch: Stocks to watch Monday: Alcoa, Novellus

Among the companies whose shares are expected to see active trading in Monday's session as earning season kicks off are Alcoa Inc., CSX Corp. and Novellus Systems Inc.



Source: MarketWatch.com - Top Stories | 10 Jul 2010 | 7:45 am

Vatican posts financial loss for third year in a row (AFP)

Pope Benedict XVI waves to the faithful gathered in Aula Paolo VI at the Vatican during his weekly general audience on July 7. The Vatican has announced that the effects of the global financial crisis put the Holy See's budget in the red for the third consecutive year.(AFP/File/Andreas Solaro)AFP - The effects of the global financial crisis put the Holy See's budget in the red for the third consecutive year, the Vatican said in a statement on Saturday.



Source: Yahoo! News: Business News | 10 Jul 2010 | 7:41 am

The Unusual Suspects For The Week Ahead (ANF, APC, BP, BIDU, FDO, GSK, GS, LGF, NANO, NBG, RIMM, AAPL, VVUS, WMT, WEN)

This week’s cast of characters in the UNUSUAL SUSPECTS of stocks to watch does not include any earnings previews.  Those earnings have been given a separate calendar posted this morning.  Our batch of stocks with options activity, ongoing news, follow-on trading and more to watch going into next week includes Abercrombie & Fitch Co. (NYSE: [...]

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Source: 24/7 Wall St. | 10 Jul 2010 | 7:11 am

Economists see U.S. recovery weakening: survey

WASHINGTON (Reuters) - The U.S. economy will lose steam as the year progresses but will not slide back into recession, even though unemployment is unlikely to fall significantly, according to a survey released on Saturday.



Source: Reuters: Business News | 10 Jul 2010 | 6:57 am

Aeroflot picks Boeing, Airbus: report

MOSCOW (Reuters) - Russian flagship airline Aeroflot expects to acquire 22 Boeing Dreamliners and 22 Airbus A350s by 2016 as it expands its fleet, CEO Vitaly Savelyev told Prime Minister Vladimir Putin.



Source: Reuters: Business News | 10 Jul 2010 | 6:55 am

BP spill won't affect Iraq projects: oil minister

BAGHDAD (Reuters) - Iraq's oil minister said on Saturday he sees no impact from the massive oil spill at a BP well in the Gulf of Mexico on Iraq's current or future projects to develop its giant oilfields.



Source: Reuters: Business News | 10 Jul 2010 | 6:30 am

Under the bonnet

Inside China's car industry, mysteries emerge
Source: BBC News | Business | World Edition | 10 Jul 2010 | 5:45 am

China Trade Surplus Surges

Members of Congress who are trying to force the Obama Administration to label China as a “currency manipulator”  now have another weapon. The China Customers Bureau reported that the People’s Republic’s trade surplus for June was $20 billion. “China has reported another strong trade surplus, and next week we are going to see another large [...]

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Source: 24/7 Wall St. | 10 Jul 2010 | 5:42 am

Stocks, at crossroads, turn to earnings

NEW YORK (Reuters) - The U.S. stock market landed at a technical crossroads following its best week in a year, yet the potential for positive earnings surprises beginning next week could give an edge to the bulls.



Source: Reuters: Business News | 10 Jul 2010 | 5:15 am

Stocks, at crossroads, turn to earnings (Reuters)

Reuters - The U.S. stock market landed at a technical crossroads following its best week in a year, yet the potential for positive earnings surprises beginning next week could give an edge to the bulls.
Source: Yahoo! News: Stock Markets News | 10 Jul 2010 | 5:15 am

FDIC Closes Four More Banks, Annual Total At 90

The FDIC closed two more banks on Friday, bring the total for the year to 90. A total of 150 banks will be closed in 2010 based on the current pace. That would be well below what many analysts expected. The FDIC raised $45 billion last year in anticipation of a wave of closings. It [...]

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Source: 24/7 Wall St. | 10 Jul 2010 | 5:15 am

This Week’s Can’t Miss Earnings (AA, CSX, INTC, YUM, JPM, GOOG, AMD, BAC, C, GE, BRK-A)

This coming week will constitute the launch of earnings season.  After the week is up, there will have been five of the thirty DJIA stocks reporting earnings.  The big earnings on deck are Alcoa Inc. (NYSE: AA), CSX Corp. (NYSE: CSX), Intel Corp. (NASDAQ: INTC), YUM! Brands Inc. (NYSE: YUM), J.P. Morgan Chase & Co. [...]

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Source: 24/7 Wall St. | 10 Jul 2010 | 5:02 am

China shrugs off global fears with export strength

BEIJING (Reuters) - China's trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown.



Source: Reuters: Business News | 10 Jul 2010 | 2:46 am