Yahoo! News: Business News

• Wall St futures signal weaker start for stocks (Reuters)
(Tue, 07 Sep 2010 08:54:38 GMT)

Reuters - LONDON (Reuters) Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.2 to 0.7 percent, pointing to a weaker start on Wall Street on Tuesday.


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• Oracle hires former HP's Mark Hurd (Reuters)
(Tue, 07 Sep 2010 06:17:50 GMT)

Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.


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• Diamond gets top Barclays job (Reuters)
(Tue, 07 Sep 2010 10:52:02 GMT)

Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC was expected to say its chairman is going into government.


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• Obama kicks off campaign with infrastructure plan (Reuters)
(Tue, 07 Sep 2010 01:50:27 GMT)

Reuters - President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts.


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• AIG seeks Sept 21 approval for AIA IPO: sources (Reuters)
(Tue, 07 Sep 2010 10:32:36 GMT)

Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday. ... Read

• Summary Box: Stock market snaps a three-week slump (AP)
(Fri, 03 Sep 2010 21:01:50 GMT)

AP - SEPTEMBER RALLY: The stock market had its first winning week in a month after better news on employment and manufacturing lifted shares. ... Read

• Fed should not set limit on economy aid: Kohn (Reuters)
(Mon, 06 Sep 2010 16:48:40 GMT)

Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said. ... Read

• Campbell reports Q4 profit rise on better margins (AP)
(Fri, 03 Sep 2010 20:48:36 GMT)

AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.


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• EU nations OK financial supervision deal (AP)
(Tue, 07 Sep 2010 10:56:10 GMT)

AP - European Union countries have approved a financial oversight structure meant to shield against market turmoil and contain the excessive risk-taking that many blame for the global financial crisis.


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• Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)
(Fri, 03 Sep 2010 20:57:08 GMT)

AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.


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• Gulf council fails to finalise customs union pact (AFP)
(Tue, 07 Sep 2010 10:28:47 GMT)

AFP - The six members of the Gulf Cooperation Council have postponed the implementation on Tuesday of a customs union due to disagreement over sharing tariff revenues and problems meeting World Trade Organisation rules, officials said.


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• Venezuela OKs payment for French retailer Casino (Reuters)
(Sat, 04 Sep 2010 21:09:56 GMT)

Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday. ... Read

• MGIC added $1.2B in mortgage coverage in August (AP)
(Fri, 03 Sep 2010 18:50:41 GMT)

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. ... Read

• US won't say if blowout preventer on way to shore (AP)
(Mon, 06 Sep 2010 20:24:33 GMT)

AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.


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• EU ministers bid to end row over banking taxes (Reuters)
(Tue, 07 Sep 2010 09:40:05 GMT)

Reuters - European Union finance ministers made a fresh attempt on Tuesday to settle their differences over taxation of banks and trading as they prepared to approve the creation of new financial watchdogs. ... Read

• Report: China passenger car sales up 18 pct in Aug (AP)
(Tue, 07 Sep 2010 10:51:41 GMT)

AP - Sales of passenger cars in China — the world's biggest auto market — rose 18 percent in August from a year earlier as government subsidies and price cuts by dealers helped spur demand.


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• Crafting a Career in Eco-Chic Jewelry (BusinessWeek)
(Fri, 03 Sep 2010 12:08:42 GMT)

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. ... Read