Tuesday, September 7, 2010

9/7 Yahoo! News: Business News

     
    Yahoo! News: Business News    
   
Kia's top executive resigns after recalls (AP)
September 7, 2010 at 12:56 PM
 

FILE - This file photo taken Sept. 8, 2009, shows 2010 Kia Souls at a dealership in Lakewood, Colo. Kia Motors is recalling about 35,000 Soul and Sorento vehicles to fix wiring in the interior lighting panels that could lead to fires. The Thursday, Sept. 2, 2010, recall affects about 24,000 Kia Soul compact wagons from the 2010 model year and more than 11,000 Kia Sorento sedans from the 2011 model year. (AP Photo/David Zalubowski, file)AP - The top executive at Kia Motors has resigned after the company recalled more than 100,000 vehicles worldwide over defective wiring, the automaker said Tuesday.


   
   
Strong yuan would hurt China: economists (Reuters)
September 7, 2010 at 12:43 PM
 
Reuters - China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.
   
   
Justice department probes Google's ITA Software deal: report (Reuters)
September 7, 2010 at 12:40 PM
 
Reuters - The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry, the Wall Street Journal said.
   
   
EU money helps Roma get jobs and fight stereotypes (AFP)
September 7, 2010 at 12:28 PM
 

A man walks through a village in Petrosani, west of Bucharest, on August 20, 2010. In the economically devastated mining town of Petrosani, the Roma people who were recently sent back from France admit their anxiety about the future.(AFP/Daniel Mihailescu)AFP - The Roma minority are targets of a security crackdown in France, but an EU-funded project has given two dozen members of the community new jobs and new hope at a troubled time for gypsies.


   
   
Asia stocks near 1-month high; euro dips after WSJ (Reuters)
September 7, 2010 at 10:37 AM
 

People are reflected in a stock index board outside a brokerage in Tokyo August 31, 2010. REUTERS/Kim Kyung-HoonReuters - Asian stocks hovered near one-month highs on Tuesday as investors awaited Chinese data, while the euro took a hit after a newspaper report rekindled fears about the weakness of European banks.


   
   
Obama kicks off campaign with infrastructure plan (Reuters)
September 7, 2010 at 9:50 AM
 

Audience members cheer as U.S. President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day, September 6, 2010. REUTERS/Larry DowningReuters - President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts.


   
   
Imam behind NYC mosque back in US after Gulf trip (AP)
September 7, 2010 at 9:18 AM
 

VIDEO: The proposed construction of a 100-million-dollar, 13-story mosque and Islamic center near Ground Zero in New York City, has stirred raw emotions in the United States as the country prepares to mark the ninth anniversary of the September 11 attacks. Duration: 01:00(afp.com)AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East to promote religious tolerance.


   
   
Troubles mount for EU bid to re-draw economic government (AFP)
September 7, 2010 at 5:15 AM
 

European Union President Belgian Herman Van Rompuy (R) speaks with Belgium Finance Minister Didier Reynders before a meeting on Economic Governance at the EU headquarters in Brussels. Plans to radically re-draw cross-border economic government across Europe hit a stumbling block on Monday 10 days from a deadline for concrete action set by European Union leaders.(AFP/John Thys)AFP - Plans to radically re-draw cross-border economic government across Europe hit a stumbling block on Monday 10 days from a deadline for concrete action set by European Union leaders.


   
   
US won't say if blowout preventer on way to shore (AP)
September 7, 2010 at 4:24 AM
 

Jocelyn Davis, 8, waits for the judges costume results during the 75th Annual Shrimp and Petroleum Festival on September 4, in Morgan City, Louisiana. Jocelyn's costume was titled the AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.


   
   
Fiat to name Toyota executive to head sales: report (Reuters)
September 7, 2010 at 3:13 AM
 
Reuters - Italian car maker Fiat SpA will hire Toyota Motor Europe's (7203.T) Andrea Formica to head sales at its four-brand automotive group, Automotive News Europe said, citing sources familiar with the matter.
   
   
Basel committee seeks 9 percent Tier 1 capital: report (Reuters)
September 7, 2010 at 2:43 AM
 
Reuters - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules.
   
   
BP sees no impact to Gulf operations from storm (Reuters)
September 7, 2010 at 1:15 AM
 
Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, said Monday that Tropical Storm Hermine was not expected to affect its offshore operations.
   
   
WTO to issue Boeing subsidies verdict Sept. 15: source (AFP)
September 7, 2010 at 1:12 AM
 

An A320 Airbus aircraft. The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.(AFP/File)AFP - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.


   
   
EU finmins want budget rule offenders rapped swiftly (Reuters)
September 7, 2010 at 1:11 AM
 
Reuters - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises.
   
   
Oil slips below $74 as U.S. driving season ends (Reuters)
September 7, 2010 at 12:55 AM
 

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)Reuters - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.


   
   
Fed should not set limit on economy aid: Kohn (Reuters)
September 7, 2010 at 12:48 AM
 
Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.
   
   
EU finance ministers to discuss new bank levy (AP)
September 7, 2010 at 12:48 AM
 
AP - European Union finance ministers are set to discuss the possibility of introducing a levy on banks and whether a tax on financial transactions can deal with another banking crisis, as they gather Tuesday in an atmosphere more benign than when they last met in July.
   
   
World oil prices mixed (AFP)
September 6, 2010 at 7:57 PM
 

The sun sets over an oil platform waiting to be towed out into the Gulf of Mexico at Port Fourchon in Louisiana in May. World oil prices diverged on Monday, the end of the traditional peak demand season for motor fuel in the United States.(AFP/File/Mark Ralston)AFP - World oil prices diverged on Monday, the end of the traditional peak demand season for motor fuel in the United States.


   
   
Report: Van der Sloot concedes extorting Holloways (AP)
September 6, 2010 at 6:56 PM
 

FILE - In this June 4, 2010 file photo Dutch citizen Joran van der Sloot is escorted by police officers outside a Peruvian police station, near the border with Chile in Tacna, Peru. A newspaper has quoted the Dutchman charged with killing a 21-year-old Peruvian woman and suspected in the disappearance of U.S. teenager Natalee Holloway as confessing to extorting money from Holloway's parents, it was reported, Monday, Sept. 6, 2010. (AP Photo/Karel Navarro, File)AP - The Dutchman charged with killing a 21-year-old Peruvian woman and suspected in the disappearance of U.S. teenager Natalee Holloway has acknowledged extorting money from Holloway's parents and says he did it to get back at them.


   
   
WTO chief wants G20 push on global trade deal (AP)
September 6, 2010 at 4:34 PM
 

Pascal Lamy, director general of the World Trade Organization, speaks during a press conference in Seoul, South Korea, Monday, Sept. 6, 2010.  Group of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, Lamy said Monday. (AP Photo/Lee Jin-man)AP - Group of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said Monday.


   
   
Jobs data continues to lift global equities (Reuters)
September 6, 2010 at 4:06 PM
 

People are reflected in a stock index board outside a brokerage in Tokyo August 31, 2010. REUTERS/Kim Kyung-HoonReuters - Encouraging news about the U.S. employment picture continued to spill over onto financial markets on Monday, lifting world stocks on hopes that a slip back into recession could be avoided.


   
   
Aftershocks rattle quake-hit NZ city (Reuters)
September 6, 2010 at 3:47 PM
 

A resident walks past damaged shops from yesterday's major earthquake in Christchurch September 5, 2010. Strong aftershocks and gale-force winds buffeted a clean-up of New Zealand's second biggest city on Sunday following the country's most damaging earthquake in 80 years. REUTERS/Iain McGregor/The PressReuters - Aftershocks rocked New Zealand's second-biggest city on Monday causing further damage and forcing authorities to extend a state of emergency after the country's most damaging earthquake in 80 years.


   
     
 
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