AllInOneNews: Business

Earl's winds and rains blow into NC coast

Thu Sep 02 20:49:40 CDT 2010

[Associated Press]

By MIKE BAKER 2010-09-03T01:49:40Z

BUXTON, N.C. (AP) -- Rain squalls and gusting winds from Hurricane Earl are becoming more pronounced along the North Carolina Outer Banks....

Dell's enterprise challenge remains after 3Par

Thu Sep 02 20:48:51 CDT 2010

[Associated Press]

By JESSICA MINTZ 2010-09-03T01:48:51Z

SEATTLE (AP) -- Dell Inc. doesn't have to start over in its quest to become a significant purveyor of technology for businesses after losing a multibillion dollar bidding contest for an obscure data-storage maker....

Strong Yen Helps to Fuel Germany's Export Boom

Thu Sep 02 20:30:02 CDT 2010

[International Herald Tribune] European companies tend to focus on the dollar exchange rate, but the yen's recent strengthening is playing a role in Germany's export boom as well.

Calderon: Violence price worth paying in drug war

Thu Sep 02 20:23:51 CDT 2010

[Associated Press]

By ALEXANDRA OLSON 2010-09-03T01:23:51Z

MEXICO CITY (AP) -- President Felipe Calderon tried to rally frustrated Mexicans behind his increasingly bloody drug war Thursday, saying he knows violence has surged under his watch, but arguing that it is the price of confronting powerful and brutal cartels....

YouTube Deals Turn Piracy Into Revenue

Thu Sep 02 20:22:26 CDT 2010

[New York Times] Some copyright holders are allowing YouTube to sell ads on videos that are uploaded without permission, generating revenue that is expected to make the site profitable this year.

BP Says Curb on Drilling Would Imperil Payouts

Thu Sep 02 20:22:13 CDT 2010

[International Herald Tribune] The company, which had committed to setting aside $20 billion for damage claims and penalties, says proposed legislation could disrupt those efforts.

BP Says Curb on Drilling Would Imperil Payouts

Thu Sep 02 20:22:13 CDT 2010

[New York Times] The company, which had committed to setting aside $20 billion for damage claims and penalties, says proposed legislation could disrupt those efforts.

Depositors Panic Over Bank Crisis in Afghanistan

Thu Sep 02 20:20:45 CDT 2010

[International Herald Tribune] Afghanistan's top bank official tried to calm fears of a meltdown at Kabul Bank, while scores of Afghans were unable to withdraw money from the bank.

Discounts Help Lift Back-to-School Sales

Thu Sep 02 20:20:02 CDT 2010

[International Herald Tribune] Retail sales rose 3.3 percent, more than forecast. But the results are measured against a weak month a year ago.

Discounts Help Lift Back-to-School Sales

Thu Sep 02 20:20:02 CDT 2010

[New York Times] Retail sales rose 3.3 percent, more than forecast. But the results are measured against a weak month a year ago.

Bernanke Says He Failed to See Financial Flaws

Thu Sep 02 20:10:43 CDT 2010

[International Herald Tribune] The Federal Reserve chairman also said it was impossible for the government to save Lehman Brothers in 2008.

Strong Yen Helps to Fuel Germany's Export Boom

Thu Sep 02 20:10:43 CDT 2010

[New York Times] European companies tend to focus on the dollar exchange rate, but the yen's recent strengthening is playing a role in Germany's export boom as well.

Bernanke Says He Failed to See Financial Flaws

Thu Sep 02 20:10:43 CDT 2010

[New York Times] The Federal Reserve chairman also said it was impossible for the government to save Lehman Brothers in 2008.

Advertising: N.F.L.'s Official Air Freshener Aims at Female Fans, and the Cleanup

Thu Sep 02 20:10:16 CDT 2010

[New York Times] A Febreze air freshener marketing campaign is directed at women and aims in part to debunk the gender stereotype that women are not N.F.L. fans.

Officials Assess Damage From Blast in Gulf of Mexico

Thu Sep 02 20:10:05 CDT 2010

[New York Times] The explosion touched off flurries of conflicting reports about sightings of oil slicks in the water.

Royal Bank of Scotland Plans to Cut 3,500 Jobs

Thu Sep 02 20:10:02 CDT 2010

[International Herald Tribune] The layoffs represent about 2 percent of the remaining work force of the bank, which is seeking to pay back a taxpayer-financed bailout.

News Analysis: France's President May Have a Tough Time Selling His G-20 Goals

Thu Sep 02 20:10:02 CDT 2010

[International Herald Tribune] As Nicolas Sarkozy prepares to take over as president of the Group of 20 on Nov. 12, analysts say many of his proposals appear to be hamstrung from the start.

European Central Bank Optimistic About Economy

Thu Sep 02 20:10:02 CDT 2010

[International Herald Tribune] The central bank will continue to offer liquidity to banks that have trouble obtaining short-term funds from other banks or in the money markets.

Royal Bank of Scotland Plans to Cut 3,500 Jobs

Thu Sep 02 20:10:02 CDT 2010

[New York Times] The layoffs represent about 2 percent of the remaining work force of the bank, which is seeking to pay back a taxpayer-financed bailout.

News Analysis: France's President May Have a Tough Time Selling His G-20 Goals

Thu Sep 02 20:10:02 CDT 2010

[New York Times] As Nicolas Sarkozy prepares to take over as president of the Group of 20 on Nov. 12, analysts say many of his proposals appear to be hamstrung from the start.

European Central Bank Optimistic About Economy

Thu Sep 02 20:10:02 CDT 2010

[New York Times] The central bank will continue to offer liquidity to banks that have trouble obtaining short-term funds from other banks or in the money markets.

Beef Recall Heats Up Fight to Tighten Rules

Thu Sep 02 20:10:02 CDT 2010

[New York Times] Cargill Meat Solutions recalled 8,500 pounds of hamburger after investigators said it was the likely source of bacteria that had made three people sick.

Book Sets Off Immigration Debate in Germany

Thu Sep 02 20:06:44 CDT 2010

[International Herald Tribune] Thilo Sarrazin, a German banker and former government official who has been criticized as espousing racist views, has sparked new discussion about the country's immigration policy.

Putin Extends Ban on Russian Grain Exports

Thu Sep 02 20:01:48 CDT 2010

[International Herald Tribune] Prime Minister Vladimir V. Putin announced Thursday that Russia's ban on grain exports would be extended well into next year because of continued uncertainty over production.

Putin Extends Ban on Russian Grain Exports

Thu Sep 02 20:01:48 CDT 2010

[New York Times] Prime Minister Vladimir V. Putin announced Thursday that Russia's ban on grain exports would be extended well into next year because of continued uncertainty over production.

Employers Push Costs for Health on Workers

Thu Sep 02 20:00:03 CDT 2010

[New York Times] Employers passed all of the increases in insurance premiums this year to their employees, a survey found.

Wall Street Finished Higher in the End

Thu Sep 02 20:00:02 CDT 2010

[International Herald Tribune] The major indexes rose in trading that was muted in anticipation of the monthly report on employment due Friday.

Wall Street Finished Higher in the End

Thu Sep 02 20:00:02 CDT 2010

[New York Times] The major indexes rose in trading that was muted in anticipation of the monthly report on employment due Friday.

Oil platform explodes off La. coast; crew rescued

Thu Sep 02 19:57:34 CDT 2010

[Associated Press]

By ALAN SAYRE 2010-09-03T00:57:34Z

NEW ORLEANS (AP) -- An oil platform exploded and burned off the Louisiana coast Thursday, the second such disaster in the Gulf of Mexico in less than five months. This time, the Coast Guard said there was no leak, and no one was killed....

Burger King Agrees to $4 Billion Private Equity Offer

Thu Sep 02 19:50:39 CDT 2010

[International Herald Tribune] The deal is the largest leveraged buyout of a fast-food chain ever and the second for Burger King in the last eight years.

Comfort Inn a hurricane hostel in NC

Thu Sep 02 19:38:07 CDT 2010

[Associated Press]

By MIKE BAKER 2010-09-03T00:38:07Z

BUXTON, N.C. (AP) -- A two-story Comfort Inn has become a makeshift hurricane hostel on North Carolina's Outer Banks for those who want to stay close to their homes but know they need better shelter from the outslaught of Earl....

Royal Mail puts first 'intelligent' stamp on sale

Thu Sep 02 19:21:00 CDT 2010

[BBC News] The Royal Mail launches the world's first "intelligent" stamp, the first to work with image recognition technology.

Time Warner Cable gets ESPN3.com in new deal

Thu Sep 02 18:56:10 CDT 2010

[Associated Press]

By RYAN NAKASHIMA 2010-09-02T23:56:10Z

LOS ANGELES (AP) -- Time Warner Cable Inc. customers will finally get access to the sports website ESPN3.com, even if they are not subscribers of the company's Internet service, according to a long-term deal with The Walt Disney Co. announced Thursday....

Alcohol drinking 'continues fall'

Thu Sep 02 18:38:15 CDT 2010

[BBC News] Alcohol consumption has fallen faster than ever, figures from the British Beer and Pub Association suggest.

Builders of N.Y. mosque face financial hurdles

Thu Sep 02 18:37:00 CDT 2010

[MSNBC] The developers planning to build a $100 million Islamic center near the World Trade Center site are nearly a quarter-million dollars behind on real estate taxes and late fees.

Comparing Your Transportation Costs

Thu Sep 02 17:54:00 CDT 2010

[New York Times] A new Web site estimates how much the average household in your neighborhood spends each month on transportation.

Pension fund approached on Potash bid

Thu Sep 02 17:36:13 CDT 2010

[Associated Press]

By ROB GILLIES 2010-09-02T22:36:13Z

TORONTO (AP) -- The head of a major Canadian pension fund says a Chinese sovereign wealth fund is interested in making a joint-bid with a Canadian pension fund for fertilizer-maker Potash Corp. of Saskatchewan Inc....

Explosion on Gulf of Mexico rig

Thu Sep 02 17:32:12 CDT 2010

[BBC News] An explosion rips through an offshore oil rig in the Gulf of Mexico, west of the site of the blast in April that caused a huge oil spill.

Massive Mini

Thu Sep 02 17:27:46 CDT 2010

[BBC News] How far can BMW stretch the brand before it snaps?

Dell cedes data-storage maker 3Par to HP

Thu Sep 02 17:17:41 CDT 2010

[Associated Press]

By JESSICA MINTZ 2010-09-02T22:17:41Z

SEATTLE (AP) -- Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc....

Recession talk quieted by improving economic data

Thu Sep 02 17:13:36 CDT 2010

[Associated Press]

By CHRISTOPHER S. RUGABER 2010-09-02T22:13:36Z

WASHINGTON (AP) -- The feeble economy exhibited a smidgen of strength Thursday, with mildly positive reports on jobs, store sales and housing....

Funk band War tells Pepsi they're not friends

Thu Sep 02 17:10:01 CDT 2010

[MSNBC]

Members of the band War say they can't be friends with Pepsi. The band is suing for more than $10 million, saying it did not negotiate with them to use the song "Why Can't We Be Friends" in a commercial.

The Strangeness of 3M's Cogent Deal

Thu Sep 02 16:59:39 CDT 2010

[New York Times] Cogent shareholders may be unhappy about the price of 3M's deal to buy the company, but there are other quirks that may be of concern.

Oil roars into September 'like a lion'

Thu Sep 02 16:58:53 CDT 2010

[CNN] After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday, and continuing to move higher Thursday following news of an oil platform explosion in the Gulf of Mexico.

Temporary cap that stopped oil gusher removed

Thu Sep 02 16:55:11 CDT 2010

[Associated Press]

By HARRY R. WEBER 2010-09-02T21:55:11Z

NEW ORLEANS (AP) -- Engineers removed a temporary cap Thursday that stopped oil from gushing into the Gulf of Mexico from BP's blown-out well in mid-July. No more oil was expected to leak into the sea, but crews were standing by with collection vessels just in case....

Europe agrees finance watchdogs

Thu Sep 02 16:52:42 CDT 2010

[BBC News] The European Union agrees to reform financial supervision, with new agencies to oversee banks, insurers and financial markets.

Brazil's New Global Deal Makers

Thu Sep 02 16:50:39 CDT 2010

[New York Times] The acquisition of Burger King Holdings by a Brazilian-backed investment firm may herald the emergence of a new global business player.

Quit whining, Wall Street. Nothing has changed.

Thu Sep 02 16:34:04 CDT 2010

[CNN] There goes Dan Loeb again, sounding off to great effect. He used to confine himself to criticizing overreaching and overcompensated CEOs, targets we could pretty much all agree on. But the prickly hedge fund manager decided to join the chorus of aggrieved financiers in his latest missive, setting his sights on today's bogeyman of choice: oppressive government.