Monday, September 6, 2010

9/6 Yahoo! News: Business News

     
    Yahoo! News: Business News    
   
Hon Hai shares fall after reports on sales target cut (Reuters)
September 6, 2010 at 1:16 PM
 
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.
   
   
Obama launches big week on economy (Reuters)
September 6, 2010 at 1:13 PM
 

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)
September 6, 2010 at 12:54 PM
 
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.
   
   
BP restarts sale of Alaskan assets: report (Reuters)
September 6, 2010 at 8:54 AM
 
Reuters - BP has revived the sale of its Alaskan assets after failing to offload them to U.S. oil and gas company Apache in July, the Financial Times reported on Monday.
   
   
China allows insurers to invest in private equity, real estate (Reuters)
September 6, 2010 at 8:45 AM
 
Reuters - China will allow insurers to broaden investment channels into private equity and real estate, a move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector.
   
   
What might make the Fed flinch? (Reuters)
September 6, 2010 at 3:54 AM
 

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.


   
   
Debt levels should fall after pre-crisis jump: BIS (Reuters)
September 6, 2010 at 3:03 AM
 
Reuters - Debt levels that ran up ahead of the financial crisis have shown only a modest decline since and are likely to fall sharply in the coming years, a study said.
   
   
McCain Hits Democrats for 'Flailing Around' on Economy (CQPolitics.com)
September 6, 2010 at 1:28 AM
 
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.
   
   
BP: Crews lifting device from Gulf face delay (AP)
September 5, 2010 at 10:31 AM
 

In this image taken from video provided by BP  PLC at 12:23 a.m. EDT, Saturday Sept. 4, 2010 Aug. 3, 2010 shows the blowout preventer that failed to stop oil from spewing into the Gulf of Mexico being raised to the surface. The blowout preventer wasn't expected to reach the surface until Saturday, at which point government investigators will take possession of it. (AP Photo/BP PLC) NO SALESAP - A key piece of evidence in the oil spill probe has been safely secured on a boat in the Gulf of Mexico, and investigators are getting their first chance to personally look at the device up close.


   
   
Taxpayers may face initial loss on GM IPO: sources (Reuters)
September 5, 2010 at 11:00 PM
 

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.


   
   
Suzuki to build new auto plant in India (AFP)
September 5, 2010 at 3:19 PM
 

Japan's top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near the Indian capital New Delhi in a bid to meet growing demand in the country, a newspaper reported on Sunday.(AFP/Gabriel Bouys)AFP - Japan's top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near the Indian capital New Delhi in a bid to meet growing demand in the country, a newspaper reported on Sunday.


   
   
IMF's Lipsky says moderate world recovery underway (Reuters)
September 5, 2010 at 1:07 PM
 

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.


   
   
Obama says his economic policies halted "bleeding" (Reuters)
September 5, 2010 at 10:12 AM
 

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, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.


   
     
 
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