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Seeds for Apple TV in Washington
3 Sep 2010, 3:04 pm
If regulators matter to Apple, it is as a threat to its growth. Except, that is, when it comes to what Steve Jobs likes to call a hobby: Apple TV. 
Summary Box: Stock market snaps a three-week slump
(AP)
3 Sep 2010, 3:01 pm
AP - SEPTEMBER RALLY: The stock market had its first winning week in a month after better news on employment and manufacturing lifted shares. U.K. Fund Manager Pressured to Return Cash
3 Sep 2010, 2:57 pm
UBS and other investors go to court to try to force U.K. fund manager Reade Griffith to speed up the return of their money. How the major stock indexes fared Friday
(AP)
3 Sep 2010, 2:56 pm
AP - The stock market had its first winning week in a month after news on the economy started getting better. The Dow Jones industrial average jumped 128 points Friday, its fourth straight day of gains. Even after its four-day run, which added 438 points to the Dow, the index is still 6.8 percent below its April high. Texas Probes Google's Search Engine
3 Sep 2010, 2:50 pm
Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company. GM to unveil Cruze compact sedans
(AP)
3 Sep 2010, 2:45 pm
AP - General Motors said Friday that it will launch its Chevrolet Cruze compact sedan next week at the Ohio factory that makes the car. Economists Grapple Over Job Creation
3 Sep 2010, 2:30 pm
Washington's response to the country's stubbornly high unemployment rate will depend in part on who wins an increasingly intense debate over its causes. Gates Sketches Afghan Combat Timeline
3 Sep 2010, 2:17 pm
Defense Secretary Robert Gates said he envisions two or three more years of combat operations in Afghanistan before the U.S. transitions to an advisory role, a mission likely to last years more. Goldman to Shut Principal Strategies Unit
3 Sep 2010, 1:49 pm
Goldman Sachs has decided to close its principal-strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress. Glance: Oil settles above $74, down 42 cents
(AP)
3 Sep 2010, 1:37 pm
AP - Oil prices dipped Friday as traders remained worried about a glut of supply and sluggish demand as the summer driving season comes to a close. T-Mobile USA in Talks to Carry Huawei Phone
3 Sep 2010, 12:56 pm
T-Mobile USA is in talks to distribute Huawei Technologies's new Google-powered smartphone this holiday season. The Ideos phone could be priced under $100 in the U.S. MGIC added $1.2B in mortgage coverage in August
(AP)
3 Sep 2010, 12:50 pm
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined. UPS Cargo Plane Crashes in Dubai
3 Sep 2010, 12:40 pm
A United Parcel Service Inc.-operated cargo plane, with two crew members aboard, crashed Friday evening on takeoff in Dubai, according to an initial statement from the company. UPS didn't confirm any casualties. Youth Runs Wild Again in Flushing
3 Sep 2010, 12:32 pm
Another unheralded American 18-year-old, Ryan Harrison, is turning heads at the U.S. Open. Pechter Bids for Value Line Funds
3 Sep 2010, 12:01 pm
Richard Pechter, a director of Finra and NYSE's regulatory arm, said this week that he made an offer for Value Line's troubled mutual-fund business. Spending cuts before 2011 could hurt recovery: IMF, ILO
(AFP)
3 Sep 2010, 11:53 am
AFP - The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.
Probe Begins Into Mariner Platform Fire
3 Sep 2010, 11:24 am
The federal government started an investigation into Thursday's fire at Mariner Energy's offshore platform in the Gulf of Mexico. A look at economic developments around the globe
(AP)
3 Sep 2010, 11:00 am
AP - A look at economic developments and activity in major stock markets around the world Friday: Campbell's Soup Sales Slip
3 Sep 2010, 10:53 am
Campbell Soup quarterly profit rose 64% as the company cut costs, but its U.S. soup sales continued to decline despite efforts to attract consumers with more promotions. Mo. drops appeal of real estate ballot measure
(AP)
3 Sep 2010, 10:47 am
AP - An initiative barring taxes on home and land sales is clear to appear on Missouri's ballot after the state dropped an appeal Friday of a judge's decision ordering the election. BP Provides Lessons Learned From Spill
3 Sep 2010, 10:42 am
BP disclosed various lessons and capabilities built from trouble-shooting the big oil spill in the U.S. Gulf of Mexico. Court reinstates markup law for Wisconsin gasoline
(AP)
3 Sep 2010, 10:39 am
AP - A federal appeals court on Friday reinstated Wisconsin's 71-year-old minimum markup law on gasoline, a decision that could limit competition among retailers and drive up gas prices. Walgreen August same-store sales rise 2.1 percent
(AP)
3 Sep 2010, 10:33 am
AP - Walgreen Co. reported same-store-sales rose 2.1 percent for August on Friday, just shy of Wall Street estimates. Summary Box: Campbell Soup 4th-qtr results
(AP)
3 Sep 2010, 9:56 am
AP - SALES DOWN, PROFIT UP: The Campbell Soup Co. said Friday that its adjusted fourth-quarter profit was up 7 percent, even though its sales were down 1 percent. Summary Box: Service sector growth slows in August
(AP)
3 Sep 2010, 9:56 am
AP - GROWTH SLOWING: The Institute for Supply Management said its service-sector index fell to 51.5 last month from 54.3 in July. The number indicates growth for the eighth consecutive month but it was the weakest pace since January. US services sector growth eases
(AFP)
3 Sep 2010, 9:53 am
AFP - Growth of the key US services sector fell to its lowest level in eight months in August amid a weakening economic recovery, a survey report said on Friday.
Crews prepare to raise failed blowout preventer
(AP)
3 Sep 2010, 9:52 am
AP - A vessel has latched onto a key piece of evidence in the oil spill investigation so crews can raise the 300-ton device to the surface of the Gulf of Mexico.
Asia leads world tourism recovery in 2010: UN
(AFP)
3 Sep 2010, 9:30 am
AFP - World tourism rebounded strongly this year from the global financial crisis, led by Asia and the Middle East, the United Nations World Tourism Organisation (UNWTO) said Friday.
Obama: jobs data 'positive' but not enough
(AFP)
3 Sep 2010, 9:09 am
AFP - US President Barack Obama said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.
Petrobras Seeks $64 Billion From Sale
3 Sep 2010, 9:04 am
Brazil's state-run energy company Petrobras launched the world's largest-ever sale of shares to finance a $224 million, five-year investment program. Top Obama critic blasts 'job-killing' policies
(AFP)
3 Sep 2010, 8:56 am
AFP - President Barack Obama should fire his top economic advisers and quit his "job-killing" policies, the top House Republican said after US unemployment jumped to 9.6 percent in August.
White House: No second stimulus being considered
(Reuters)
3 Sep 2010, 8:39 am
Reuters - The White House stressed on Thursday that no second economic stimulus package is being considered as part of new measures under review by President Barack Obama's team.
Obama says to address new economic ideas next week
(Reuters)
3 Sep 2010, 8:29 am
Reuters - President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as he greeted the August job report as positive news.
White House: August jobs report reassuring
(Reuters)
3 Sep 2010, 8:18 am
Reuters - The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of "unsettling" economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring. Billionaire investor seals deal to buy German retail chain
(AFP)
3 Sep 2010, 8:14 am
AFP - The future of Germany's Karstadt, Europe's third-largest department store chain, appeared to be secured Friday as a court approved its acquisition by a billionaire investor, safeguarding 25,000 jobs.
Non-manufacturing sector slows in August: ISM
(Reuters)
3 Sep 2010, 8:10 am
Reuters - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday. Service sector grows at slower pace in Aug
(AP)
3 Sep 2010, 8:08 am
AP - A trade group says the U.S. service sector, which provides most of jobs in the country, expanded for the eighth straight month in August, but the pace of growth slowed. European stocks soar on US data; dollar breaches 85 yen
(AFP)
3 Sep 2010, 7:47 am
AFP - European equities surged on Friday and the dollar jumped above 85 yen as financial markets welcomed a better-than-expected payrolls report in the United States.
Oil prices lose ground ahead of US jobs report
(AFP)
3 Sep 2010, 7:37 am
AFP - Oil prices fell on Friday as traders awaited crucial payrolls data in top energy consumer the United States after a turbulent week in which the market tracked the global economic outlook.
Jobs Report Boosts Riskier Markets
3 Sep 2010, 7:27 am
Stocks and other growth-sensitive markets, including the euro, got the best news they've had for some time with Friday's better-than-expected U.S. payrolls report for August. Blasts Target Muslim Minorities in Pakistan
3 Sep 2010, 7:27 am
An attack on a Shiite rally killed at least 43 people in southwestern Pakistan, while a suicide bomber targeted a minority Sunni mosque in Peshawar. Walgreen same-store sales miss expectations
(Reuters)
3 Sep 2010, 7:15 am
Reuters - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic. Instant View: Payrolls fall by 54K, less than expected
(Reuters)
3 Sep 2010, 6:53 am
Reuters - U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth. Futures Jump on Jobs Data
3 Sep 2010, 6:53 am
U.S. stock futures jumped after job losses slowed more than expected last month, though the unemployment rate edged up. U.S. Employers Cut 54,000 Jobs
3 Sep 2010, 6:45 am
U.S. payrolls fell by 54,000 in August, less than economists had expected. Private-sector companies added 67,000 jobs. The unemployment rate rose to 9.6%. (AP)
3 Sep 2010, 6:31 am
AP - Companies add 67,000 workers in August; unemployment rate climbs to 9.6 percent Gazprom to double gas imports from Azerbaijan
(AP)
3 Sep 2010, 6:29 am
AP - Russia's Gazprom on Friday clinched a deal to double supplies from Azerbaijan in a bid to expand its control over gas produced by former Soviet republics. Officials Move to Tame Asian Currencies
3 Sep 2010, 6:27 am
Singapore intervened in the foreign-exchange market and Korea resumed its intervention after a two-week break, while Japan has signaled it is weighing entering the market for the first time in six years. Experts see trouble ahead for developed world
(AP)
3 Sep 2010, 6:18 am
AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.
Hard Times for Wall Street's "Sell Night" Recruits
(BusinessWeek)
3 Sep 2010, 6:08 am
BusinessWeek - In late July, Goldman Sachs hosted an exclusive dinner for recent college graduates at a Ruth's Chris restaurant in midtown Manhattan. While the chain steakhouse might have seemed declasse for veteran Wall Street traders accustomed to 21 or Delmonico's, it was a big draw for bright-eyed recruits who may never know such grandeur. Some even checked the menu online in anticipation. Crafting a Career in Eco-Chic Jewelry
(BusinessWeek)
3 Sep 2010, 6:08 am
BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama. Elite B-Schools Keep on Building
(BusinessWeek)
3 Sep 2010, 6:08 am
BusinessWeek - The Yale School of Management crams students and faculty into 19th-century homes and former astronomy buildings linked by a rabbit warren of basements in New Haven. It's a far cry from the 40-acre Boston-riverfront campus housing Harvard Business School, which has a chapel, a health club, and its own art collection. Italy Goes After Tax Dodgers
(BusinessWeek)
3 Sep 2010, 6:08 am
BusinessWeek - It's been a busy summer for Italy's undercover tax inspectors. Sporting T-shirts, shorts, and flip-flops, they have blended into the crowd at beaches, yacht clubs, and discos from Venice to Sicily, searching for that most elusive of creatures, the Italian tax dodger. Campbell Soup profit beats estimates
(Reuters)
3 Sep 2010, 6:05 am
Reuters - Campbell Soup Co reported higher-than-expected quarterly earnings on Friday, helped by cost cuts and sales of V8 juice drinks, even as U.S. soup sales fell.
IEA Predicts Greater Reliance on OPEC Oil
3 Sep 2010, 5:05 am
The global dependency on the members of the Organization of Petroleum Exporting Countries for oil will rise as production by non-OPEC nations falls. Don't Look to Jobless Rate for Fed Hints
3 Sep 2010, 4:42 am
Investors are counting on the August unemployment rate to send a clear signal about the prospect for more Fed policy easing. But they may only hear static. Stock futures edge higher ahead of jobs report
(AP)
3 Sep 2010, 4:42 am
AP - Stock futures are inching higher, continuing a rally ahead of the government's monthly employment report.
Service sector spotlight shines on Germany, China
(Reuters)
3 Sep 2010, 4:32 am
Reuters - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States. Andean Subject of Bidding War
3 Sep 2010, 3:06 am
One of the world's most prospective gold companies, Andean Resources of Australia, has become the subject of a bidding war between two Canadian companies. Broke youth anti-crime groups want federal cash
(AP)
3 Sep 2010, 3:05 am
AP - A $1.6 billion congressional bailout of sorts could help financially flailing groups that fight to keep young people out of trouble, yet lawmakers are reluctant to take up the expensive proposal amid a sour economy and other, more pressing issues. Obama to comment Friday on jobless report
(AP)
3 Sep 2010, 2:40 am
AP - President Barack Obama will speak to reporters Friday after the Labor Department releases its monthly jobless report. Oil falls below $75 ahead of US jobs report
(AP)
3 Sep 2010, 2:01 am
AP - Oil prices fell below $75 a barrel Friday in Asia as investors awaited a report on U.S. employment that will influence guesses about the strength of future energy demand from the No. 1 economy.
East Coast Braces for Hurricane Earl
3 Sep 2010, 1:58 am
Vacationers hustled out of coastal North Carolina ahead of Hurricane Earl, while forecasters predicted the gradually weakening storm would travel next to southern New England. BP: Cost of Spill Hits $8 Billion
3 Sep 2010, 1:48 am
BP said it has spent around $8 billion in response to the massive oil spill in the Gulf of Mexico and expects to resume its relief-well drilling shortly. Toshiba to Launch New Tablet Computer
3 Sep 2010, 12:36 am
Toshiba said that it will release by year-end a tablet computer that runs on Google's Android operating system as the company aims to compete with Apple's iPad. Roche Launches Cost-Costing Plan
3 Sep 2010, 12:17 am
Roche said it has launched a cost-cutting and efficiency plan in the wake of increased price pressures and a series of drug-development setbacks. TPG Sells Ping An Stake For $1.16 Billion
3 Sep 2010, 12:03 am
Private-equity firm TPG Inc. has sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of how the U.S. company is reaping profits from its investments in Asia. US policy in spotlight as unemployment set to rise
(AFP)
2 Sep 2010, 9:30 pm
AFP - A fresh batch of US unemployment figures will on Friday provide Americans with a crucial litmus test for the sputtering economic recovery and President Barack Obama's policies.
Heavy in dollars, China warns of depreciation
(Reuters)
2 Sep 2010, 9:26 pm
Reuters - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
Most Asian stocks rise on improving US data
(AP)
2 Sep 2010, 8:30 pm
AP - Most Asian stock markets climbed Friday as investors took heart from improving U.S. housing and jobs data amid lingering worries over the pace of the global economic recovery.
Techs Lead in Tokyo, Seoul
2 Sep 2010, 8:19 pm
Asian stock markets were modestly higher Friday with technology plays leading markets in Tokyo and Seoul. The Nikkei rose 0.6%. GOP Works to Woo Voters
2 Sep 2010, 8:00 pm
House Republicans are hunting for an election-season middle ground on which they can make promises to voters without providing enough details to be attacked by Democrats. Bumpy economy cited as helping improve U.S. roads
(Reuters)
2 Sep 2010, 7:43 pm
Reuters - One upside of the worst U.S. economic slump since the Great Depression is that with fewer motorists on the road, the nation's highways are less congested and in better shape, a study said on Thursday. Murdoch: Global economy is still not out of turmoil
(Reuters)
2 Sep 2010, 6:41 pm
Reuters - News Corp Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformation that is unpredictable
Obama adviser Summers to visit China September 4
(Reuters)
2 Sep 2010, 4:36 pm
Reuters - The White House said on Thursday that President Barack Obama's top economic adviser will visit China from Saturday for three days of meetings. Summary Box: Stocks extend gains on economic news
(AP)
2 Sep 2010, 2:32 pm
AP - ANOTHER LIFT: Stocks gained again on Thursday, though not as much as the day before, on the latest hopeful indicators on the economy. H&R Block 1Q loss narrows despite revenue decline
(AP)
2 Sep 2010, 2:23 pm
AP - H&R Block Inc. says its fiscal first-quarter loss narrowed 2 percent as it reduced staffing and other expenses. How the major stock indexes fared Thursday
(AP)
2 Sep 2010, 2:23 pm
AP - Stocks rose Thursday, extending their gains from the day before, after reports on housing, manufacturing and jobs all indicated that the economy continues to grow. Trading was somewhat muted ahead of the government's closely watched monthly report on employment due out Friday. Summary Box: Pernod Ricard earnings
(AP)
2 Sep 2010, 1:08 pm
AP - COMPANY: Pernod Ricard SA, Paris-based drink maker known for its anise-flavored aperitifs as well as Beefeater gin and recently acquired Absolut vodka reported its full-year earnings Thursday. A look at economic developments around the globe
(AP)
2 Sep 2010, 12:17 pm
AP - A look at economic developments and activity in major stock markets around the world Thursday: Report: SEC Investigating canceled trades
(AP)
2 Sep 2010, 6:25 am
AP - The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal. European stocks drop before ECB rate call
(AFP)
2 Sep 2010, 5:02 am
AFP - European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.
Stock futures slip ahead of jobs reports
(AP)
2 Sep 2010, 4:44 am
AP - Stock futures are slipping, a day after investors sent stocks surging to start the new month.
Gazprom's Q1 profits triple to $10.6B
(AP)
2 Sep 2010, 1:10 am
AP - Russia's gas giant Gazprom says its net profit tripled to 324.9 billion rubles ($10.6 billion) in the first quarter of the year as the company capitalized on a cold winter in Europe and higher gas prices. SEC probes cancelled trades in flash crash: report
(Reuters)
1 Sep 2010, 10:46 pm
Reuters - U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second, only to be canceled almost immediately, the Wall Street Journal reported on Thursday. Asian shares rise after big gains on Wall Street
(AP)
1 Sep 2010, 8:14 pm
AP - Asian stock markets advanced in early trading Thursday, after Wall Street soared on encouraging manufacturing data.
Collective Brands 2Q profit rises but misses views
(AP)
1 Sep 2010, 3:45 pm
AP - Collective Brands Inc., the parent of Payless ShoeSource, said its fiscal second-quarter profit rose 13 percent as sales edged up and expenses declined. Summary Box: Stocks charge higher as gloom lifts
(AP)
1 Sep 2010, 3:20 pm
AP - STRONG START: The stock market started September with a blast on Wednesday, vaulting higher as gloom over the economy seemed to lift. The Dow Jones industrial average gained 255 points. How the major stock indexes fared Wednesday
(AP)
1 Sep 2010, 2:53 pm
AP - Stocks jumped Wednesday after surprisingly strong growth in U.S. and Chinese manufacturing allayed some of the worries that had been building over the global economy in recent weeks. The new reports snapped a string of disappointing economic data that sent stocks slumping in August. Summary Box: Vivendi raises outlook despite 2Q dip
(AP)
1 Sep 2010, 1:26 pm
AP - RESULTS: French media company Vivendi SA said second-quarter profit fell 3.5 percent due to fewer music releases from artists like Eminem and Lady Gaga. But it raised its full-year outlook as it expects strong results from video games and mobile services in emerging markets. A look at economic developments around the globe
(AP)
1 Sep 2010, 12:12 pm
AP - A look at economic developments and activity in major stock markets around the world Wednesday: Summary Box: Joy Global 3Q net income
(AP)
1 Sep 2010, 12:03 pm
AP - MINING FOR GROWTH: Mining equipment maker Joy Global Inc. saw new orders jump 51 percent in the fiscal third quarter, as developing nations scrambled for raw materials. Ex-hedge fund manager charged with insider trading
(Reuters)
1 Sep 2010, 11:15 am
Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc. Glance: Borders 2nd-quarter revenue
(AP)
1 Sep 2010, 10:48 am
AP - Borders Group Inc., the No. 2 traditional U.S. bookseller, reported a slightly larger loss in the second quarter. Here's a closer look at its results: Some BofA shareholders can apply to tap $150M fund
(AP)
1 Sep 2010, 10:31 am
AP - Investors who lost money when Bank of America Corp. bought Merrill Lynch without disclosing Merrill's problems can start applying to tap a $150 million compensation fund.
Summary Box: Borders 2nd-quarter results
(AP)
1 Sep 2010, 10:24 am
AP - THE RESULTS: Borders Group Inc., the No. 2 traditional U.S. bookseller, reported a slightly wider loss in the second quarter as revenue fell 12 percent because of weak book sales. Summary Box: Brown-Forman net income falls
(AP)
1 Sep 2010, 9:47 am
AP - THE QUARTER: Liquor company Brown-Forman Corp. posted a 8 percent drop in first-quarter net income, missing analyst estimates as sales edged up 1 percent on international strength but costs rose. A look at Brown-Forman's brand performance in 1Q
(AP)
1 Sep 2010, 9:40 am
AP - A look at how Brown-Forman Corp.'s brands fared in the first quarter. Figures are for change in how much product the company sold: At a Glance: Heinz 1Q sales by segment
(AP)
1 Sep 2010, 9:14 am
AP - A breakdown of H.J. Heinz Co.'s quarterly sales by region: Shoe, hat seller Genesco posts wider 2Q loss
(AP)
1 Sep 2010, 9:13 am
AP - Genesco Inc. said Wednesday its second-quarter loss widened, as the retailer absorbed charges tied to asset impairments, acquisition expenses and flood-related losses in its headquarters city. But its revenue rose, beating Wall Street estimates. Summary Box: H.J. Heinz 1Q results
(AP)
1 Sep 2010, 9:06 am
AP - EMERGING MARKETS: H.J. Heinz Co.'s fiscal first-quarter net income jumped 13 percent as the foodmaker's business boomed in growing overseas markets such as India, China and Russia. Bombardier reports weaker Q2 profits
(AP)
1 Sep 2010, 7:50 am
AP - Bombardier Inc., the world's third-largest maker of civilian commercial aircraft, reported Wednesday a 27 percent drop in quarterly profit as an uncertain economy continues to hurt its business-jet division. Joy Global says 3Q earns slip, but raises forecast
(AP)
1 Sep 2010, 6:33 am
AP - Mining equipment maker Joy Global says net income slid nearly 5 percent in the third quarter as sales slipped, but it is raising its 2010 forecast on a surge in new orders. Brown-Forman posts 9 percent rise in 1Q net income
(AP)
1 Sep 2010, 6:12 am
AP - Liquor company Brown-Forman Corp. posted a 9 percent rise in first-quarter net income as strong international sales in countries such as Australia and Germany offset sluggish U.S. sales. Still Rising: Spec Houses Worth $20 Million
(BusinessWeek)
1 Sep 2010, 6:08 am
BusinessWeek - Enzo Morabito, a luxury real estate broker in New York's Hamptons, saw a line of people at his open house on Aug. 29. The property was a new, $25.95 million spec home by Michael Davis Design & Construction at 232 Parsonage Lane in Sagaponack, N.Y. -- the country's most expensive small town, according to Businessweek.com. By the end of the day, more than 75 people had passed through the mansion. "That is an extraordinary turnout," says Morabito, executive vice-president of Prudential Douglas Elliman Real Estate in Bridgehampton, N.Y. ... Stock futures surge on signs of overseas growth
(AP)
1 Sep 2010, 4:42 am
AP - Stock futures are surging after upbeat signs of growth in China and Australia lessened worries about a global economic slowdown.