Business
Dollar slides to new 15-year low vs yen
FOX - KMSB 11 - Tucson AZ, Aug 24, 2010 / The U.S. dollar dropped to a fresh 15-year low against the yen, adding further pain to Japan's vital exporters, amid persistent concerns about the outlook for the U.S. economy.
Yen hits 15-year high versus dollar as Japan ponders move
- Wyoming Public Radio - Univ. of Wyoming - Laramie WYAd market bouncing back, says WPP's Sorrell
Management Today, Aug 24, 2010 / Expect Mad Men-esque scenes of celebration at the normally discreet Mayfair head office of ad giant WPP today, after it revealed that profits have risen by more than a third over the first six months of the year.
WPP Raises Outlook As US Leads Advertising Recovery
- FOXBusiness.comWPP returns to growth with 36% profits lift
- Campaign - London - UKCairn Energy to seek govt nod for Vedanta deal
rediff.com, Aug 24, 2010 / T he UK-based Cairn Energy on Tuesday said it will seek government's "endorsement" and necessary consent for selling its majority stake in Cairn India [ Get Quote ] to London-listed Vedanta Resources for $8.48 billion.
Cairn Energy narrows loss, sees Greenland promise
- MarketWatchHP bids on 'cloud' future
Corvallis Gazette Times - Corvallis OR, Aug 24, 2010 / The world's two biggest personal computer makers are locked in a pricey struggle over which can move away from the PC business the fastest.
HP makes $1.5B bid for 3Par, topping Dell's offer
- The Reporter - Vacaville CABusiness News You Need Today: Aug. 24, 2010
- DailyFinanceBHP profit jump could dampen rivals in Potash bid
Wyoming Public Radio - Univ. of Wyoming - Laramie WY, Aug 24, 2010 / BHP Billiton's monster earnings expected this week could strengthen its hand in its $39 billion bid for fertilizer group Potash Corp and intimidate any rival bidders.
Inside Wall Street: A Big Game-Changer for Potash Corp.
- DailyFinanceInside Wall Street: A Big Game-Changer for Potash Corp.
- DailyFinanceOil falls to near $72 in Asia on economic...
The Cincinnati Enquirer - Cincinnati OH, Aug 24, 2010 / Oil prices sank to near $72 a barrel Tuesday in Asia as regional markets fell amid fresh concerns about the pace of the global economic recovery.
Oil falls below $73 in Asia on economic fears
- The Kansas City Star - Kansas City MODemand Fears Weigh on Crude
- The Wall Street JournalUS residents to receive promised payouts
Sydney News, Aug 24, 2010 / BP has said its fund to help Gulf Coast residents has been opened.
US residents to receive promised payouts
- Shanghai NewsUS residents to receive promised payouts
- VietnamNews.netAgrium sees annual AWB synergies of $40m
BRW. - Australia, Aug 24, 2010 / Canadian fertiliser maker Agrium Inc said on Tuesday it expected its acquisition of AWB to generate annual synergies of $40 million a year and would be earnings accretive from year one.
AWB backs $1bn Agrium bid
- BRW. - AustraliaAustralian wheat grower AWB backs $1 bln Agrium bid
- Vietnam TribuneAIG repaying nearly $4B in federal loan obligations through aircraft unit’s debt sale
The Chronicle-journal, Aug 24, 2010 / American International Group Inc. says it is repaying nearly US$4 billion in federal bailout loans.
AIG repaying nearly $4 billion in federal loans
- The Reporter - Vacaville CAAIG repays more of federal loan
- The Southtown StarGuilty Plea in Disney Insider Trading Case
DealBook - The New York Times, Aug 24, 2010 / A Los Angeles man pleaded guilty on Monday to conspiring between March and May this year with his girlfriend, then a Walt Disney employee, in trying to sell confidential company information to hedge funds.
Man pleads guilty in Disney scheme
- Montgomery Advertiser - Montgomery AL'Fess by dopey Disney in$ider
- New York City News - New York NYHSBC Pursues South African Bank to Claim Key Spot in African Trade Financing
Money Morning, Aug 24, 2010 / HSBC derives more than 80% of its profits from outside the United Kingdom and half its pretax profits in 2010's first half came from Asia. But it has struggled to compete with British counterparts Standard Chartered PLC and Barclay's PLC (NYSE ADR: BCS ) in securing African business.
HSBC in talks to buy majority stake in South Africa's Nedbank from Old Mutual for $6.8B
- Insurance News NetHSBC votes for SA
- iafrica.comChalco looks to diversify into coal, rare earths
Vietnam Tribune, Aug 24, 2010 / Aluminium Corp of China Ltd aims to diversify its operations by buying into coal, rare earth, copper and iron ore assets, as core business margins remain pressured on ample global supplies.
Chalco looks to diversify into coal, rare earth
- FOXBusiness.comFoster’s won’t comment on takeover rumours
BRW. - Australia, Aug 24, 2010 / Foster's Group has said it will not comment on speculation about a potential takeover following a report on Tuesday that SABMiller was planning to take a tilt at the Australian brewer's beer business.
Molson Coors could profit from Foster's bidding war
- Times & TranscriptFoster's on track to untangle beer and wine
- FidelityKatrina a tale of SBA failure (bignewsnetwork.com)
McDowell News, Aug 24, 2010 / Five years after Hurricane Katrina, Jay Young is still haunted by the desperate voices on the other end of the telephone crying and begging for help.
High hopes after Katrina were drowned
- Telegram & Gazette - Worcester MAKatrina a tale of Small Business Administration failure
- CBS - Today's THV - Little Rock ARHow to Profit From the Russian Wheat Shortage
Money Morning, Aug 24, 2010 / Russia initially banned exports of wheat, barley, rye, corn and flour from Aug. 15 to Dec. 31, and most observers now expect that ban to be extended into the spring.
Drought costs Russia one billion dollars in crop losses
- Estonia TimesArea gas price down to $2.88
Chicago Sun-Times - Chicago IL, Aug 24, 2010 / Gasoline pump prices continued to fall on Monday.
Gas Prices Fall Again
- Vietnam TribuneGas pump prices keep dropping across Michigan
- Detroit Free Press - Detroit MIGome to vote on moves by Huang
China News.Net, Aug 24, 2010 / Gome Electrical Appliances Holdings Ltd, China's second-biggest electronics retailer, has scheduled a special general meeting for Sept 28 to vote on what the company calls an irrational resolution by jailed founder Huang Guangyu, the Financial Times reported Tuesday.
Gome Urges Investors to Oppose Founder's Move to Oust Chairman
- SFGate.com - San Francisco CAOld friends battle for control of GOME
- People's DailyStocks slip as economy worries dominate
Observer-Reporter - Washington PA, Aug 24, 2010 / Despite the positive deal news, a number of worries about the economy are keeping a lid on the market, especially reluctance among companies to create jobs.
Stocks drop on economy fears
- Philly.com - Philadelphia PAStocks slip as economic worries outweigh news of deals
- The Denver Post - Denver COMarks & Spencer Grp : Director Declaration
InvestEgate, Aug 24, 2010 / The following information is given subsequent to the announcement made on 23 August 2010 that Robert Swannell is to be appointed a non-executive director of Marks and Spencer Group plc on 4 October 2010, prior to being appointed Chairman on 4 January 2011.
New M&S boss faces battle of the charmers
- nebusiness.co.ukNew broom
- BBC World NewsPRECIOUS-Gold slips below $1,220/oz as euro, equities sink
ninemsn, Aug 24, 2010 / Gold prices slipped in Europe on Tuesday to their lowest in nearly a week, caught up in selling of other assets such as equities, oil and the euro, as investors fretted over the outlook for the global economy.
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Somali MPs killed in suicide bomb attack on Mogadishu hotel
Telegraph - London - UK
Telegraph - London - UK, Aug 24, 2010/ The attack comes amid two days of fighting that have killed at least 40 civilians and wounded more than 130 in the capital according to Ali Muse, the head of Mogadishu's ambulance service.
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Plane crashes in Nepal; foreigners among 14 dead
The Seattle Times - Seattle WA
The Seattle Times - Seattle WA, Aug 24, 2010/ A small passenger plane heading to the Mount Everest region crashed in heavy rain Tuesday outside Nepal's capital, killing all 14 people aboard, including four Americans, a Briton and a Japanese national, officials said.
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Cairn Energy narrows loss, sees Greenland promise
MarketWatch
MarketWatch, Aug 24, 2010/ Scottish-headquartered oil exploration group Cairn Energy reported Tuesday that it sharply reduced net losses for the first half of the year, saying its first well in Greenland is showing signs of promise.
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World stock markets fall as economy worries linger
The Palm Beach Post - Palm Beach FL
The Palm Beach Post - Palm Beach FL, Aug 24, 2010/ World stock markets retreated Tuesday as the strong yen knocked Japanese shares and investors anticipated more bad news from U.S. economic reports this week.
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Two British hostages survive bus siege carnage as eight are shot dead by rogue cop
The Daily Mirror - London - UK
The Daily Mirror - London - UK, Aug 24, 2010/ Two Britons were rescued from a horrifying bus siege in which eight hostages died yesterday after a sacked policeman made a crazed attempt to get his job back.
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Most Actives
| Symbol | Last | Change | Volume | ||
|---|---|---|---|---|---|
| C | 3.91 | 0.03 | 0.77% | 435.30M | |
| SPY | 110.89 | 1.42 | 1.30% | 212.12M | |
| BAC | 13.50 | 0.22 | 1.66% | 141.37M | |
Biggest % Gainers
| Symbol | Last | Change | Volume | ||
|---|---|---|---|---|---|
| TBI | 13.70 | 2.04 | 17.50% | 1.00M | |
| CPE | 4.16 | 0.46 | 12.43% | 1.05M | |
| GMT- | 150.00 | 15.63 | 11.63% | 200.00 | |
Biggest % Losers
| Symbol | Last | Change | Volume | ||
|---|---|---|---|---|---|
| CASC | 30.02 | -4.54 | 13.14% | 153,010.00 | |
| ZQK | 3.63 | -0.47 | 11.46% | 6.31M | |
| FMS- | 45.04 | -2.93 | 6.11% | 300.00 | |