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What might make the Fed flinch? (Reuters)
Sun, 05 Sep 2010 19:54:49 GMT

Federal Reserve Board Chairman Ben Bernanke makes his way through the Dirkson building hallway after a Financial Crisis Inquiry Commission hearing on Reuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.


Obama launches big week on economy (Reuters)
Mon, 06 Sep 2010 05:13:01 GMT

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 ReedReuters - President Barack Obama launches several economic initiatives this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in November 2 congressional elections.


Australia's Macquarie warns on profit (Reuters)
Mon, 06 Sep 2010 04:54:45 GMT
Reuters - Australia's top investment bank Macquarie Group Ltd warned investors it would miss profit forecasts after weak markets took a toll on its trading and advisory business, sending its shares to a 15-month low.
IMF's Lipsky says moderate world recovery underway (Reuters)
Sun, 05 Sep 2010 05:07:07 GMT

John Lipsky, the International Monetary Fund's first deputy managing director, answers a reporter's question after the meeting of G20 finance and central bank deputies in Gwangju, south of Seoul, September 5, 2010. REUTERS/Lee Jae-WonReuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.


Hon Hai shares fall after reports on sales target cut (Reuters)
Mon, 06 Sep 2010 05:16:50 GMT
Reuters - Shares in Hon Hai Group (2317.TW), maker of Apple's iPhones, fell as much as 4 percent on Monday after its chairman was quoted as saying in a report that the group will halve its long-term sales growth target to 15 percent annually.
"Quote stuffing" a focus in flash crash probe (Reuters)
Thu, 02 Sep 2010 19:23:36 GMT

Traders at the New York Stock Exchange on August 31. Asian and European stocks were rising, lifted by bargain-hunting and upbeat data, as dealers set aside Wall Street's worst August performance in nine years amid stubborn US recovery doubts.(AFP/Getty Images/Spencer Platt)Reuters - U.S. regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing", in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately.


Obama to address new economic ideas next Wednesday (Reuters)
Sat, 04 Sep 2010 17:07:40 GMT

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 ReedReuters - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.


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

In this June 19, 2010 photograph, people walk along inside the new building at the Campbell Soup Co. headquarters, in Camden, N.J. The Campbell Soup Co. said Friday, Sept. 3, 2010, it made a profit of $113, or 33 cents per share during the fourth fiscal quarter, when the temperature rises and its soup sales traditionally drop. (AP Photo/Mel Evans)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.


 Trichet calls for united EU at the IMF (AFP)
Sat, 04 Sep 2010 17:58:55 GMT

Jean-Claude Trichet, Governor of the European Central Bank, gives a press conference at the Ambrosetti Forum at the Villa d'Este hotel in Cernobbio on the Como Lake, northern Milan. European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.(AFP/Olivier Morin)AFP - European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.


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

An oil platform off the coast of Brazil. 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.(AFP/File/Antonio Scorza)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.


WTO chief wants G20 push on global trade deal (AP)
Mon, 06 Sep 2010 06:44:01 GMT
AP - Group of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said Monday.
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.
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.
Key oil spill evidence raised to Gulf's surface (AP)
Sun, 05 Sep 2010 17:25:15 GMT

In this Sept. 4, 2010 picture, the Helix Q4000, bottom, the vessel responsible for lifting the Deepwater Horizon blowout preventer stack from the sea floor, is seen on the Gulf of Mexico near the coast of Louisiana. (AP Photo/Patrick Semansky)AP - Investigators looking into what went wrong in the Gulf of Mexico oil spill are a step closer to answers now that a key piece of evidence is secure aboard a ship.


McCain Hits Democrats for 'Flailing Around' on Economy (CQPolitics.com)
Sun, 05 Sep 2010 17:28:49 GMT
CQPolitics.com - Leading voices in both parties sparred Sunday over the state of the economy and the role that Bush tax cuts should play in the recovery.
Taxpayers may face initial loss on GM IPO: sources (Reuters)
Sun, 05 Sep 2010 15:00:05 GMT

FILE - In this June 13, 2010 file photo, Tim Allen arrives at the world premiere of 'Toy Story 3,' at The El Capitan Theater in Los Angeles. General Motors Co. said Friday, Sept. 3, 2010, Tim Allen will be a spokesman for the brand and will star in a series of TV ads for the 2011 Chevrolet Cruze that begin airing on Tuesday. (AP Photo/Katy Winn, file)Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.


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.