Business News
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09/08/2010 05:03 AM
Stock futures track Europe stocks up (Reuters)
Reuters - Stock index futures rose on Wednesday tracking a turnaround in European stocks and ahead of comments from the Federal Reserve on the state of the economy.
09/08/2010 04:26 AM
BP says Transocean missed danger signs on rig (Reuters)
Reuters - BP deflected much of the blame for a rig blast that led to the United States' worst-ever oil spill, releasing an internal report on Wednesday which said that drilling contractor Transocean had missed danger signs.
09/08/2010 03:12 AM
Obama pitches spending, tax incentives in Ohio (Reuters)
Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.
09/08/2010 04:41 AM
HSBC faces thorny issues in hunt for new chairman (Reuters)
Reuters - For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman.
09/08/2010 02:05 AM
Foster's knocks back $2.5 billion offer for wine (Reuters)
Reuters - Foster's Group Ltd , Australia's largest brewer, rejected a private equity offer worth up to $2.5 billion for its wine business as too cheap, sending its shares up as much as 6 percent on hopes of higher bids.
Latest stock market news from Wall Street - CNNMoney.com
09/08/2010 05:16 AM
Stocks set to bounce back
Stocks were poised to rebound Wednesday, as investors awaited an economic recovery proposal from President Obama and braced for the first batch of data this week.
09/07/2010 11:40 AM
Is Mark Hurd really worth $6 billion to Oracle?
If it weren't insulting enough that Oracle CEO Larry Ellison publicly blasted Hewlett-Packard for letting Mark Hurd go, it now turns out that HP's loss is Oracle's gain.
09/07/2010 01:47 PM
Stocks fall on European bank woes
U.S. stocks fell Tuesday as renewed worries about European banks weighed on financial stocks and investors flocked to such safe-haven assets as the dollar, Treasurys and gold.
09/07/2010 05:34 AM
The new young investor: Shunning stocks
When 18-year-old Robert White decided to jumpstart his retirement plan, he invested his life savings of $25,000 into an aggressive mutual fund.
09/07/2010 01:41 AM
Wall Street faces an economy at a 'crossroads'
Stocks started September with a bang as investors cheered a rare dose of good economic news but investors may need to buckle in for the coming week: It's a holiday-shortened week with little on the docket to set the tone.
09/03/2010 01:57 PM
Dow back in the black for 2010
Stocks closed near session highs Friday, with the Dow erasing its losses for the year, as investors welcomed a better-than-expected report on the U.S. job market.
09/01/2010 04:30 PM
Oil roars into September 'like a lion'
After ending August in a slump, oil prices surged into September, rallying more than 3% Wednesday as the economic outlook brightened.
09/01/2010 01:47 PM
Treasurys fall on upbeat manufacturing data
Investors eased away from safe-haven Treasurys Wednesday, sending prices lower and yields higher after strong manufacturing data out of both the U.S. and China spurred optimism about the global economy.
09/03/2010 10:24 AM
Dollar slips on return to risk
As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies.
08/31/2010 01:33 PM
Saks stock shoots up 20% on buyout rumors
Shares of luxury retailer Saks surged Tuesday after a British newspaper said the company could soon get a buyout offer of $1.7 billion.
NPR Topics: Business
09/08/2010 04:39 AM
BP Report Blames Multiple Companies For Gulf Spill
The oil giant's 193-page report says a sequence of failures led to the massive Gulf of Mexico spill that fouled waters and shorelines for months. The company's findings are far from the final word on possible causes of the explosion that sank the Deepwater Horizon drill rig.
09/08/2010 01:00 AM
Gates, Buffett To Sell Giving To China's Richest
Bill Gates and Warren Buffett head to China later this month. The two billionaires hope to spread the word that it's good to give. In Beijing, they'll urge people who have benefited from China's booming economy to pledge half their fortunes to charity. So far, only two of China's wealthiest businessmen have agreed to meet with the Americans.
09/08/2010 01:00 AM
HP Sues Ex-CEO Hurd Over Oracle's Job Offer
Mark Hurd recently was fired from his job as CEO of Hewlett-Packard after a scandal involving an extra-martial relationship. One of HP's main tech rivals -- Oracle -- wants to make Hurd its co-president. That's prompted HP to sue, claiming Hurd can't possibly perform the new job without tapping into HP's trade secrets.
09/08/2010 01:00 AM
Luxury Vans Are An Alternative To Flying
Some high-powered business executives have decided to forgo flying to some business trips in favor of decked-out vans. Texas company Mobilejets has Mercedes vans that have swivel chairs, wireless Internet and a bathroom with a porcelain toilet and fresh cut flowers. It's costs $250 an hour which is still cheaper than a private jet.
09/08/2010 01:00 AM
Obama Takes Economic Recovery Plan To Ohio
President Obama travels to Cleveland Wednesday to outline his plan to get the economy moving again. White House officials are clear about why they picked Cleveland: Because House Majority Leader John Boehner of Ohio was there touting the GOP.
FOXNews.com
10/12/2007 07:40 AM
The Softer Side of Hardware
Home Depot is testing a warm-and-fuzzy approach to selling hammers, lighting and garage doors that targets female shoppers.
10/12/2007 09:59 AM
Electronic Arts Buying Game Studios From Elevation
Pandemic, BioWare to change ownership, join 'Madden' team.
10/12/2007 10:20 AM
Disney to Sell Mickey-Inspired Fruit, Veggie Products
Disney plans to sell a line of products called Disney Garden.
10/12/2007 09:57 AM
Wikipedia Moving From Florida to San Francisco
Online encyclopedia to move cross-country in January to hub of tech world.
10/12/2007 07:23 AM
Gas, Car Sales Fuel Retail Sales Growth
Retailers' sales rose 0.6 percent last month and gasoline stations turned in their biggest jump in sales since May.