Monday, September 27, 2010

9/27 Yahoo! News: Business News

     
    Yahoo! News: Business News    
   
Sandcastles OK on Fla. beach; digging for oil not (AP)
September 27, 2010 at 3:06 PM
 
AP - At the height of summer, tar balls and paddies of oil were rolling ashore along the Florida Panhandle. Months later, sand castles are being built and swimmers frolic in the water, even though crude lies buried beneath the white sands.
   
   
Unilever buys Alberto Culver for $3.7 billion (Reuters)
September 27, 2010 at 2:44 PM
 
Reuters - Consumer goods giant Unilever Plc/NV (UNc.AS) on Monday said it had agreed to buy United States-based hair care group Alberto Culver Co for $3.7 billion in cash.
   
   
Walmart offers $4 billion for South Africa's Massmart (Reuters)
September 27, 2010 at 2:42 PM
 
Reuters - Walmart offered more than $4 billion for South African wholesaler Massmart on Monday as the world's largest retailer seeks to expand in fast-growing Africa.
   
   
Hyundai to recall Sonata sedans in U.S. (Reuters)
September 27, 2010 at 2:22 PM
 

A man walks past a Hyundai Sonata car on display at a Hyundai Motor showroom in Seoul September 1, 2010. REUTERS/Truth LeemReuters - Hyundai Motor, South Korea's top automaker, will recall some 139,500 Sonata sedans sold in the United States, due to problems with the steering wheel that could cause a loss or reduction of control.


   
   
Asian stocks rally as dollar dips to five-month low (Reuters)
September 27, 2010 at 12:54 PM
 

A trader works on the floor of the New York Stock Exchange on September 21 in New York City. Wall Street wrapped up its fourth straight week of gains on Friday, reaching its highest levels in four months, despite jittery trade marked by a cautioning by the Federal Reserve.(AFP/Getty Images/File/Spencer Platt)Reuters - Asian stocks rose on Monday to their highest in more than two years in response to optimism on the U.S. economy, while the dollar dipped to five-month lows against the euro.


   
   
Hyundai recalls nearly 140,000 Sonata sedans in US (AFP)
September 27, 2010 at 12:00 PM
 

The Hyundai Sonata 2.0T is seen at the New York International Auto Show in March 2010 in New York. South Korea's top automaker Hyundai Motor is recalling nearly 140,000 of its Sonata sedans in the United States due to a steering problem, US authorities said.(AFP/File/Stan Honda)AFP - South Korea's top automaker Hyundai Motor is recalling nearly 140,000 of its Sonata sedans in the United States due to a steering problem, US authorities said.


   
   
Yuan rise could worsen China's imbalance: central banker (Reuters)
September 27, 2010 at 10:20 AM
 
Reuters - A rise in the value of the yuan may intensify expectations for further increases and could lead to a worsening of China's international payments imbalance, a regional central bank official said in comments published on Monday.
   
   
JPMorgan in talks for RBS Sempra trading book: report (Reuters)
September 27, 2010 at 9:26 AM
 
Reuters - LONDON (Reuters) JPMorgan Chase is the frontrunner to buy the remaining infrastructure of RBS Sempra Commodities , the Financial Times said on Monday, citing people familiar with the deal.
   
   
AIG to sell only old shares in AIA Hong Kong IPO (Reuters)
September 27, 2010 at 9:11 AM
 
Reuters - American International Group Inc will sell only existing shares in its Asian life insurance unit, AIA Group Ltd, in the unit's upcoming initial public offering, a term sheet showed on Monday.
   
   
Japan's trade surplus drops 37.5 percent in August (AFP)
September 27, 2010 at 8:20 AM
 

10,000 yen notes are counted in Tokyo on September 22, 2010. Japan's trade surplus fell 37.5 percent in August from a year earlier as the resource-poor country imported more crude oil and liquid natural gas, the government said Monday.(AFP/File/Yoshikazu Tsuno)AFP - Japan's trade surplus fell 37.5 percent in August from a year earlier as the resource-poor country imported more crude oil and liquid natural gas, the government said Monday.


   
   
Sanofi seeks more funding on Genzyme bid: report (Reuters)
September 27, 2010 at 7:13 AM
 
Reuters - French drugmaker Sanofi-Aventis is seeking to line up more funding to potentially raise its $18.5 billion bid for Genzyme Corp, The Wall Street Journal reported on Sunday.
   
   
Traders manipulating cheap stocks: market maker (Reuters)
September 27, 2010 at 6:40 AM
 
Reuters - Some traders are manipulating U.S. stocks that are worth less than $1 by taking both sides of trades in order to earn big rebates, according to an official at Knight Capital Group Inc .
   
   
AIG, Treasury may unveil plan this week: report (Reuters)
September 27, 2010 at 6:12 AM
 

Troubled US insurer American International Group is close to selling two Japanese life insurance units to Prudential Financial Inc. in a five billion dollar deal, the Wall Street Journal has reported.(AFP/File/Stan Honda)Reuters - The Treasury Department may unveil plans by Wednesday to return American International Group Inc to independence, Bloomberg reported on Sunday.


   
   
Obama adviser slams Republican pledge as a rehash (AFP)
September 27, 2010 at 3:29 AM
 

Obama administration's senior adviser David Axelrod (C), pictured in 2009, has criticised Republican plans to cut taxes for wealthier Americans as a recycled failed policy.(AFP/Getty Images/File/Chip Somodevilla)AFP - The White House Sunday slammed Republican plans to cut taxes for wealthy Americans as a recycled failed policy, while sparring lawmakers vowed a vote on the hot-button issue before the tax cuts expire in December.


   
   
Hyundai recalls nearly 140,000 Sonata sedans in US (AFP)
September 27, 2010 at 3:07 AM
 

The Hyundai Sonata 2.0T is seen at the New York International Auto Show in March 2010 in New York. South Korea's top automaker Hyundai Motor is recalling nearly 140,000 of its 2011 model year Sonata sedans in the United States due to a steering problem, US authorities said Sunday.(AFP/File/Stan Honda)AFP - South Korea's top automaker Hyundai Motor is recalling nearly 140,000 of its 2011 model year Sonata sedans in the United States due to a steering problem, US authorities said Sunday.


   
   
Deflation, inflation and the U.S. Fed (Reuters)
September 27, 2010 at 3:03 AM
 
Reuters - One day after the Federal Reserve got investors thinking about uncomfortably low inflation, Starbucks announced it was raising prices on some of its coffee drinks.
   
   
Stocks eye strong September finish (Reuters)
September 27, 2010 at 12:26 AM
 
Reuters - U.S. stock investors will head into this week wondering if September will end as strongly as it began for the market, with manufacturing and personal income data among the top indicators on tap.
   
   
U.S. set to be a posse of one on China yuan at G20 (Reuters)
September 27, 2010 at 12:15 AM
 
Reuters - Treasury Secretary Timothy Geithner faces a lonely campaign to make China's currency a major issue at the next Group of 20 summit as would-be allies shrink from confronting Beijing.
   
   
BP says company's oil spill study had limitations (AP)
September 26, 2010 at 11:55 PM
 

Muhammad al-Jasser, Saudi Arabia's central bank governor, speaks during an annual  news conference in Riyadh September 26, 2010. Jasser on Sunday said monetary policy can do little to tame a AP - BP's lead investigator into the Gulf of Mexico oil spill told an independent panel of experts Sunday that the company's internal probe had limitations.


   
   
White House, Dems see tax cut vote after election (AP)
September 26, 2010 at 11:51 PM
 

House Majority Leader Steny Hoyer of Md., gestures during a news conference,on Capitol Hill in Washington, Thursday, Sept. 23, 2010, in support of the small business lending to struggling small businesses with easier credit and other incentives to expand and hire new workers. (AP Photo/Manuel Balce Ceneta)AP - The White House and Democratic leaders in Congress said Sunday they would find a way to extend middle-class tax cuts after the November elections, unable to secure GOP backing before lawmakers break to campaign.


   
   
China's Bright Food in talks over United Biscuits: report (Reuters)
September 26, 2010 at 10:54 PM
 
Reuters - Chinese food company Bright Food is in exclusive talks to buy Britain's United Biscuits for than 2 billion pounds ($3.13 billion), the Sunday Times reported.
   
   
Venezuela says BP seeks approval to sell local assets (Reuters)
September 26, 2010 at 8:46 PM
 
Reuters - BP has asked the Venezuelan government for permission to negotiate the sale of its assets in the South American OPEC member, Venezuela's Oil Minister Rafael Ramirez said on Sunday.
   
   
KKR buys Norway's Visma from HgCapital (Reuters)
September 26, 2010 at 8:35 PM
 
Reuters - Buyout firm Kohlberg Kravis Roberts has bought Norway software company Visma for an enterprise value of 1.2 billion pounds ($1.88 billion) from private equity firm HgCapital, the companies said on Sunday.
   
   
Fiat mulls Ferrari IPO to boost Chrysler stake: report (Reuters)
September 26, 2010 at 8:14 PM
 

Fiat logo is shown at the opening of a new dealership in Istanbul, May 6, 2010. REUTERS/Osman OrsalReuters - Italian automaker Fiat is considering listing part of its sports car unit Ferrari to raise cash in order to increase its stake in U.S. carmaker Chrysler, Il Corriere della Sera said on Sunday.


   
     
 
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