Daily Stock Reports

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

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.(IMF)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

A man walks by empty tables at restaurants in San Francisco, California. 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.(AFP/Getty Images/File/Justin Sullivan)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

Vessels work at the site of the Deepwater Horizon accident off the shore of Louisiana in August 2010. British oil giant BP said that the devastating Gulf of Mexico oil spill disaster has cost about eight billion dollars (6.2 billions euros) so far.(AFP/Getty Images/File/Win Mcnamee)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

Foreign tourists visit a Sri Lankan museum adjacent to the historic Temple of the Tooth in the island's central town of Kandy in August 2010. 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) has said.(AFP/File/Ishara S.Kodikara)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

US President Barack Obama(L), seen with Treasury Secretary Timothy Geithner in the Rose Garden at the White House, 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.(AFP/File/Saul Loeb)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

House Minority Leader John Boehner, seen here in May 2010, said President Barack Obama should fire his top economic advisers and quit his 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

President Barack Obama delivers remarks at Xavier University in New Orleans, Louisiana, August 29, 2010. REUTERS/Jim YoungReuters - 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

U.S. President Barack Obama (L) delivers remarks on the latest employment statistics released on Friday, alongside Treasury Secretary Tim Geithner in the Rose Garden of the White House, September 3, 2010.   REUTERS/Jason Reed  (UNITED STATES - Tags: BUSINESS POLITICS)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

US-German investor Nicolas Berggruen attends a news conference at a Karstadt store in Berlin. The future of Karstadt, Europe's third-largest department store chain, appeared to be secured as a court approved its acquisition by Berggruen, safeguarding 25,000 jobs.(AFP/Johannes Eisele)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

A trader sits in front of a board displaying the German share index DAX at the stock exchange in Frankfurt. European equities surged on Friday and the dollar jumped above 85 yen as financial markets welcomed a better-than-expected payrolls report in the US.(AFP/DDP/File/Martin Oeser)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

Oil prices fell 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.(AFP/DDP/File/Norbert Millauer)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

Israeli President Shimon Peres, center, arrives for the 'Intelligence on the World, Europe, and Italy' economic forum, at Villa d'Este, in Cernobbio, on Lake Como, Italy, Friday, Sept. 3, 2010. (AP Photo/Luca Bruno)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

Cans of vegetable Campbell's Condensed Soup are stocked on a shelf at a grocery store in Phoenix, Arizona, February 22, 2010. Campbell's Soup Co has been having a tough time getting its soups from the store shelf to the home pantry. REUTERS/Joshua LottReuters - 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

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidAP - 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

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)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

Job seekers wait in line for a career fair to open in Denver, Colorado. A fresh batch of US unemployment figures will on Friday provide Americans with a crucial litmus test for the stuttering economic recovery and President Barack Obama's policies.(AFP/Getty Images/John Moore)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

An employee counts Yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei, Anhui August 3, 2010. REUTERS/StringerReuters - 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

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidAP - 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

News Corp Chairman and CEO Rupert Murdoch arrives at the Sun Valley Inn in Sun Valley, Idaho July 9, 2010. REUTERS/Mario AnzuoniReuters - 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

File photo of a trader at the Frankfurt stock exchange. 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.(AFP/DDP/File/Martin Oeser)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

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidAP - 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

Traders and specialists work the trading floor of the New York Stock Exchange Wednesday, Sept. 1, 2010. in New York.  (AP Photo/David Karp)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

Mickey Levy, chief economist for the Bank of America, leaves for the midmorning break of the Saturday session of the annual Federal Reserve conference, in Jackson, Wyo., Saturday, Aug. 28, 2010.  (AP Photo/Reed Saxon)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

Traders work on the floor of the New York Stock Exchange, August 30, 2010. REUTERS/Brendan McDermidAP - Stock futures are surging after upbeat signs of growth in China and Australia lessened worries about a global economic slowdown.


Vivendi raises outlook despite dip in net profit (AP)
1 Sep 2010, 2:36 am

AP - French media company Vivendi SA said Wednesday that net income fell 3.5 percent in the second quarter 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.

Applied Signal 3Q profit increases (AP)
31 Aug 2010, 3:52 pm

AP - Applied Signal Technology Inc., a maker of intelligence and surveillance products, said Tuesday that its fiscal third-quarter profit increased as revenue from its network intelligence unit rose.

Summary Box: Carrefour returns to 1H profit (AP)
31 Aug 2010, 11:26 am

AP - RESULTS: Carrefour SA says its three-year turnaround plan is "profoundly changing" the French retailer, which returned to a profit of euro82 million ($104 million) in the first half from a year-ago loss.

Summary Box: Bertelsmann lifts outlook (AP)
31 Aug 2010, 11:24 am

AP - RESULTS: Improving European advertising markets and cost-cutting efforts helped lift Germany's Bertelsmann AG back into the black in the year's first half, prompting the media group to raise its full-year forecast.

Making the Most of Your College Years (BusinessWeek)
31 Aug 2010, 6:08 am

BusinessWeek - When college freshmen report to campus in coming days, they will have plenty to worry about, from class registration to roommates. One hopes they also will understand and appreciate that they and their parents are shelling out thousands of dollars on tuition, books, and room and board. It's way too much money to waste.

Chat Transcript: UC-Berkeley MBA Admissions (BusinessWeek)
31 Aug 2010, 6:08 am

BusinessWeek - Stephanie Fujii (Screen Name: FujiiAtHaas), senior associate director of admissions at the University of California at Berkeley's Haas School of Business (Haas Full-Time MBA Profile), took part in a live chat event on Businessweek.com on Aug. 26. She fielded questions from the audience and Bloomberg Businessweek reporter Francesca Di Meglio (Screen Name: FrancescaBW) on everything from application essays and study-abroad options to Haas' new strategic plan. Here are edited excerpts from their conversation:

Admissions Q&A: Northwestern (BusinessWeek)
31 Aug 2010, 6:08 am

BusinessWeek - If you're applying to Northwestern's Kellogg School of Management (Kellogg Full-Time MBA Profile), be prepared to reveal far more than just your GMAT scores. "We're interested in their life stories, all the experiences that make them who they are at the time of application," says Beth Flye, Kellogg's assistant dean and director of admissions and financial aid.

Napping Gets a Nod at the Workplace (BusinessWeek)
27 Aug 2010, 6:08 am

BusinessWeek - From Thomas Edison and Winston Churchill to Bill Clinton and George Costanza, the nap has had many famous champions. And with good reason. Ever since sleep scientist David Dinges helped found the modern science of napping in the early '80s at the University of Pennsylvania School of Medicine, short periods of sleep have been shown to improve alertness, memory, motor skills, decision-making, and mood. All while cutting down on stress, carelessness, and even heart disease.

Next Life: From Banking to a Fashion Website (BusinessWeek)
27 Aug 2010, 6:08 am

BusinessWeek - Kyle Wilkinson's mother was a fashionable eccentric. A model for Geoffrey Beene during the designer's 1960s heyday, "She ran around Greenwich Village and practiced seances," says Wilkinson. The only thing her bohemian worldview had no tolerance for were bankers. When Wilkinson entered Chase Bank's training program out of college, in 1985, he and his mother "didn't talk for months. What I was doing was anathema to everything she stood for."

Tax Reform: These Small Steps Could Help Deficit, Economy (BusinessWeek)
24 Aug 2010, 6:08 am

BusinessWeek - Is the American system of taxation nearing a watershed moment? It doesn't seem like it, considering the political brawl in Washington over the soon-to-be-expired 2001 and 2003 tax cuts passed during the Bush era. Lawmakers have known for the past several years that, if they did nothing, the tax breaks would automatically end on Dec. 31, 2010. Now, Washington is scrambling as the deadline looms and the economy sputters.

B-School, Day One: A Primer (BusinessWeek)
24 Aug 2010, 6:08 am

BusinessWeek - Nearly three years out of school and Brock Rasmussen forgot what it was like to be a student: homework every night, running on four hours of sleep, and prepping for the first major exam only two weeks after starting classes. During his first days as an MBA student at Duke's Fuqua School of Business (Fuqua Full-Time MBA Profile) he was overwhelmed.

GMAT Test Prep: Changes on the Way (BusinessWeek)
20 Aug 2010, 6:08 am

BusinessWeek - The Graduate Management Admission Test (GMAT) is about to undergo its biggest makeover in more than a decade, and test prep companies are gearing up to help students get ready to take the radically redesigned exam.

Admissions Q&A: NYU (BusinessWeek)
20 Aug 2010, 6:08 am

BusinessWeek - Anika Davis Pratt has spent the past 10 years scrutinizing applicants at New York University's Stern School of Business (NYU Full-Time MBA Profile). That means Pratt, Stern's assistant dean for MBA admissions and financial aid, is well qualified to let people know what it takes to get into Stern. Pratt says Stern reviews all aspects of an individual's application, from the resume to the recommendations, looking for students who are both highly intelligent and good team players. And if an applicant gets to the interview round, highly trained interviewers will be sure to dig in further.

The Pros and Cons of B-School (BusinessWeek)
17 Aug 2010, 6:08 am

BusinessWeek - I still measure time in academic years. The calendars want you to believe that the new year begins on Jan. 1, but ever since kindergarten I have mentally celebrated New Year's Eve on the last day of school before summer vacation. And now, having completed another academic year and my first as a graduate student in the Wake Forest University MBA program (Wake Forest Full-Time MBA Profile), I'll take the opportunity to reflect on the past nine months.

PhD Programs for Executives Gain Traction (BusinessWeek)
17 Aug 2010, 6:08 am

BusinessWeek - Business schools are seeking to take executive education to the next level, with a growing number offering niche doctoral programs aimed at senior-level managers either looking to shift to academia or to bring high-level research skills into the workplace.

J.Crew Takes a Leading Role in Men's Fashion (BusinessWeek)
16 Aug 2010, 6:08 am

BusinessWeek - Frank Muytjens, head of men's design for J.Crew , emerges from behind a partition with a handsome model he's just fitted in a dark gray T-shirt. The model walks and poses for about 40 J.Crew designers, store managers, and marketers, all of whom are packed into a showroom at the company's 150,000-square-foot downtown Manhattan headquarters where Chief Executive Officer Millard "Mickey" Drexler can sometimes be seen riding his bicycle. Drexler, the former CEO of Gap , is wearing jeans and a light blue button-down shirt with rolled-up sleeves. ...

The Rise of the Emerging Art Economy (BusinessWeek)
16 Aug 2010, 6:08 am

BusinessWeek - The art market always follows the money. These days that means courting new collectors from emerging economic superpowers. Auction houses aren't just wooing them with Warhols. They're also whipping up buzz about art from their native countries. And it's working.

Shrinking Societies: The Other Population Crisis (BusinessWeek)
16 Aug 2010, 6:08 am

BusinessWeek - A Japanese woman's role in society is to give birth, and "all we can do is ask them to do their best per head," said Hakuo Yanagisawa, Japan's former health minister. His remark, as reported by Bloomberg in 2007, drew criticism for being sexist, but it touches on one of Japan's most pressing issues: its rapidly aging and shrinking population.

Due Process, Dubai Style (BusinessWeek)
16 Aug 2010, 6:08 am

BusinessWeek - Not long ago, British businessman Ryan Cornelius was living the high life, doing real estate deals out of Bahrain. He took his family on safari in Kenya and on big-game fishing trips on his yacht. Today, Cornelius resides in a prison cell in Dubai, accused of loan fraud. He's been locked up for more than two years without a court reaching a verdict.

The Crisis Climbs Over the Mountains (BusinessWeek)
16 Aug 2010, 6:08 am

BusinessWeek - With a $150,000-a-year job at a title insurance company, Nan Holmes thought she had an insider's view of the local real estate market when she bought a new three-bedroom home in Boise, Idaho, in 2007. Then she watched the bottom fall out of housing in California, Nevada, and Florida, precipitating a severe recession. Now the real estate crunch has hit Idaho and the rest of the Northwest, and Holmes, 55, is in trouble. The title insurance business has shrunk along with home sales; her income has fallen by half, forcing her to turn to savings. ...