Business News - NewsRunner

Apax Partners Banks 4.5x on Tommy Hilfiger, Invests in PVH Again

Mon, 15 Mar 2010 18:45:03 GMT

Apax Partners Banks 4.5x on Tommy Hilfiger, Invests in PVH Again
Private Equity Hub (PEHUB)
Contrary to conventional wisdom, brands really can travel uphill.
Brean Murray Reiterates a 'Buy' Rating on Phillips-Van Heusen (PVH); Raises PT & Estimates StreetInsider.com
Calvin Klein Owner To Buy Tommy Hilfiger For $3B NPR
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Continental Airlines to join the food-for-sale crowd; No more free food for many

Mon, 15 Mar 2010 18:42:34 GMT

Continental Airlines to join the food-for-sale crowd; No more free food for many
Daily Press
Continental Airlines is ending free hamburgers, barbecue and sandwich rolls for many of its passengers in favor of a food-for-sale program that mirrors what other carriers are already doing.
Continental Airlines to charge for food ConnectAmarillo.com - Amarillo TX
Continental Airlines to charge for food InsideNoVA.com - Woodbridge VA
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AP Source: Toyota to cast doubt in Prius case

Mon, 15 Mar 2010 18:44:54 GMT

AP Source: Toyota to cast doubt in Prius case
Oroville Mercury-Register - Oroville CA
DETROIT—A person briefed on the matter says Toyota will cast doubt on a California man's claim that his Prius sped out of control.
AP Source: Toyota to cast doubt in Prius case The Columbia County News-Times - Evans GA
AP Source: Toyota to cast doubt in Prius case The Baxley News-Banner - Baxley GA
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Dodd unveils sweeping financial regulation plan

Mon, 15 Mar 2010 18:44:37 GMT

Dodd unveils sweeping financial regulation plan
The Kansas City Star - Kansas City MO
WASHINGTON A new Democratic Senate bill to tame the financial markets would give the government new powers to break up firms that threaten the economy and would force the industry to pay for its failures.Legislation unveiled Monday by Senate Banking Committee Chairman Christopher Dodd falls shy of the ambitious restructuring of federal financial regulations envisioned by President Barack Obama or contained in legislation already passed in the House.But the bill would still be the biggest overhaul of regulations since the New Deal. It comes 18 months after Wall Street's failures helped plunge the nation into a deep recession.A leaner Federal Reserve would gain new powers to regulate the size and the activities of the nation's largest financial firms.
Dodd unveils sweeping financial regulation plan The Baxley News-Banner - Baxley GA
Dodd financial overhaul proposal would give Fed powers to break up firms; seeks middle road Daily Press
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EU finance ministers in talks on help for Greece

Mon, 15 Mar 2010 18:44:59 GMT

EU finance ministers in talks on help for Greece
Record-Courier - Ravenna OH
Eurozone finance ministers on Monday debated ways to help Greece if it can't borrow from bond markets wary of the country's shaky finances.
Euro ministers discuss Greek standby aid planning WKAR-FM - Michigan State University - East Lansing MI
EU finance ministers in talks on help for Greece eTaiwanNews.com
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Boston Scientific suspends sales of top-selling heart defibrillator devices

Mon, 15 Mar 2010 18:42:34 GMT

Boston Scientific suspends sales of top-selling heart defibrillator devices
Daily Press
Medical device maker Boston Scientific said Monday it is suspending sales of its heart-shocking defibrillator implants after failing to alert regulators to changes in manufacturing of the top-selling devices.
Boston Scientific Shares Plummet on Analyst Report Guymon Daily Herald - Guymon OK
Boston Scientific suspends defibrillator sales Herald & Review - Decatur IL
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Baidu up on reports Google may end China search

Mon, 15 Mar 2010 18:44:59 GMT

Baidu up on reports Google may end China search
Record-Courier - Ravenna OH
U.S.-traded shares of Baidu Inc. jumped Monday following media reports that rival Google Inc. is nearing a decision to close its search engine in China.
Google inches lower after China reports SFGate.com - San Francisco CA
Baidu up on Reports Google May End China Search ABC News
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Gas prices may stay below record highs

Mon, 15 Mar 2010 18:39:58 GMT

Gas prices may stay below record highs
FOX - WACH FOX 57 - Columbia SC
Experts say we should be paying around $3 per gallon by Memorial Day.
Gasoline prices increase another 4.3 cents Vermont Business Magazine
Gasoline price rise continues Avoyelles Journal - Bunkie LA
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Stocks fall ahead of Fed meeting on interest rates

Mon, 15 Mar 2010 18:36:59 GMT

Stocks fall ahead of Fed meeting on interest rates
Daily News-Sun - Sun City AZ
Investors turned cautious Monday ahead of the Federal Reserve's meeting on interest rates.
Stocks slide after Moody’s debt warning Gadsden County Times - Quincy FL
Stocks fall on concern about US credit rating ONN.tv
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Report: U.S.’s top credit rating may be at risk

Mon, 15 Mar 2010 18:14:05 GMT

Report: U.S.’s top credit rating may be at risk
The Alva Review-Courier - Alva OK
The United States and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rating, agency Moody's Investors Service said Monday.
Moody's warns about diminished margin for error on U.S. debt - Mar. ... BankSITE
Several Government Credit Ratings At Risk The Post Chronicle - Denville NJ
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Consol Energy Acquires Natural Gas Holdings From Dominion

Mon, 15 Mar 2010 18:34:46 GMT

Consol Energy Acquires Natural Gas Holdings From Dominion
The New York Times - New York NY
The deal will give Consol, a supplier of coal and natural gas, a leading position in the strategic Marcellus Shale, a rockbed about 6,000 feet beneath New York, Pennsylvania, West Virginia and Ohio that could be the country's most productive natural gas source.
Consol Gets Gas Forbes
Consol Energy to buy Dominion's drilling business The San Diego Union Tribune - San Diego CA
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(AHN) Data Shows U.S. Manufacturing Continues To Strengthen

Mon, 15 Mar 2010 18:38:29 GMT

(AHN) Data Shows U.S. Manufacturing Continues To Strengthen
All Headline News (AHN)
The latest round of manufacturing related data was better than expected as capacity and utilization both ticked up in February.
Industrial production rises 0.1 percent in February Akron Beacon Journal - Akron OH
Summary Box: Industrial production rises in Feb, US The Garden Island - Lihu'e HI
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Why We Should Not Criminally Prosecute Lehman Execs

Mon, 15 Mar 2010 18:45:10 GMT

Why We Should Not Criminally Prosecute Lehman Execs
Forbes
The big question arising from bankruptcy examiner Anton R. Valukas' report on Lehman Brothers is whether executives from Lehman Brothers will face criminal charges.
Ernst & Young asked for Lehman audit Nzoom
FRC will ask E&Y about Lehman transactions Vnunet UK (VNU)
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Moody's warning on US, UK ratings lifts dollar

Mon, 15 Mar 2010 15:13:28 GMT

Moody's warning on US, UK ratings lifts dollar
FOX - KTRV 2 - Nampa ID
The dollar got a lift Monday morning after a leading credit ratings agency warned that the U.S. and the U.K. could see a downgrade of their top AAA credit rating.
Moody's warning on US, UK ratings lifts dollar NBC - KTVZ.com - Bend OR
Dollar gets lift after Moody's warns of possible downgrade in US, UK triple-A debt ratings Daily Press
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Is the Chinese Yuan Too Cheap?

Mon, 15 Mar 2010 18:38:07 GMT

Is the Chinese Yuan Too Cheap?
Time
So here we are, once again, in a nasty round of political bickering over China's currency, the yuan (also known as the renminbi).
Dollar Extends Gains Against Euro The Wall Street Journal
Dollar Higher After Tough Words From China The Wall Street Journal
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Beer Institute spent $160K lobbying gov't in 4Q

Mon, 15 Mar 2010 18:40:03 GMT

Beer Institute spent $160K lobbying gov't in 4Q
ABC - WJLA 7 - Washington DC
The Beer Institute spent $160,000 in the fourth quarter to lobby on labeling, taxes and other issues, according to a recent disclosure report.That's even with what the group spent in the third quarter of 2009, and slightly less than the $170,000 it spent in the year-ago period.
State Street spent $270,000 in fourth quarter lobbying federal government The San Francisco Examiner - San Francisco CA
Coca-cola Spent $4.8 Million Lobbying Gov't In 4q Vietnam Tribune
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Stock futures point to lower open

Mon, 15 Mar 2010 13:39:58 GMT

Stock futures point to lower open
WCAX 3 News - Burlington VT
Investors are entering the new trading week tentatively as the Federal Reserve meets to discuss interest-rate policy.
Stocks Set To Fall As Traders Await Clues From Fed Vietnam Tribune
Stocks fall slightly in early trading ESPN - KFNS 590 - St. Louis MO
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