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| | | | | | AP - Idaho Sen. Mike Crapo might seem like an unlikely person to be pushing a bill to cut federal taxes on small beer-makers: A member of The Church of Jesus Christ of Latter-day Saints, he abstains from alcohol. | | | | | |
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| | | | | |  AP - BP says it plans to release results of its internal investigation into the rig explosion that killed 11 workers and led to the massive Gulf of Mexico oil spill.
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| | | | |  AFP - The European Union's financial services chief called on Wednesday for so-called "stress tests" on banks to be carried out on a regular basis, to judge their resilience in the event of another crisis.
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| | | | | |  Reuters - Foster's Group Ltd , Australia's largest brewer, knocked back a private equity offer worth up to $2.5 billion for its wine business as too cheap, but the approach could spark offers for the entire group.
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| | | | | |  Reuters - Asian stocks fell on Wednesday, with Japan's big exporters among the heaviest losers as a rise in the yen to a new 15-year high threatens to erode their overseas earnings.
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| | | | | | Reuters - Japan's government sharpened its rhetoric on foreign exchange intervention on Wednesday as a rise in the yen to a 15-year high underlined concerns that the currency's strength could threaten the economic recovery. | | | | | |
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| | | | | |  AFP - Two oil workers were missing but more than 30 others were rescued from a listing Sinopec rig off China's northeast coast, the government said Wednesday, as the company insisted no oil was spilled.
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| | | | | |  Reuters - Republicans in Congress showed little willingness to help President Barack Obama approve billions of dollars in measures to boost the economy with midterm elections less than two months away.
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| | | | | |  Reuters - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.
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| | | | | | Investor's Business Daily - If there was any chance President Obama would move to extend the upper-income Bush tax cuts before the midterm elections, it likely died over the weekend. | | | | | |
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| | | | | | AP - Flow International Corp., a maker of industrial waterjet machines for cutting and cleaning, nearly washed away a first-quarter loss. | | | | | |
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| | | | | | AP - Clothing maker Philips-Van Heusen Corp. on Tuesday posted a fiscal second-quarter loss as hefty costs linked to restructuring and the acquisition of the Tommy Hilfiger brand offset a surge in revenue. But adjusted results and the company's full-year outlook topped Wall Street expectations, sending shares up in aftermarket trading. | | | | | |
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| | | | | | AP - Official: Obama to back more business tax breaks | | | | | |
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| | | | | | Time.com - A trio of financial sheriffs will oversee finance in the entire European market | | | | | |
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| | | | | |  AP - President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much — if any — GOP help.
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| | | | | | AP - SEEKING SAFETY: Gold settled at a record high Tuesday as more worries resurfaced about European banks and the global economy. | | | | | |
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| | | | | | AP - Gold prices settled at a record high Tuesday following renewed worries about European banks and the global economy. | | | | | |
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| | | | | | The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors. | | | | | |
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| | | | | |  Reuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."
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| | | | | | AP - Toyota Motor Corp., hoping to solidify its standing as the top brand for Hispanic buyers in the U.S., is offering drivers a series of stickers that celebrates their Hispanic heritage. | | | | | |
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| | | | | | Reuters - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday. | | | | | |
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| | | | | | AP - NEW FORECLOSURE PLAN: The Obama administration is trying to revive its attempts to tackle the foreclosure crisis with a new effort to assist homeowners who owe more on their properties than their homes are worth. | | | | | |
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| | | | | | AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount. | | | | | |
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| | | | | | Reuters - The State University of New York has adopted new practices to help prevent students from falling victim to deceptive credit card marketing that can burden them with too much debt in tough economic times. | | | | | |
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| | | | | | PR Newswire - ALBUQUERQUE, N.M., Sept. 7 /PRNewswire-USNewswire/ -- For the first time this year, the New Mexico Solar Energy Association (NMSEA) will conduct a Solar Flea Market as part of its annual Solar Fiesta, to be held this year on September 11th and 12th at Menaul School (Menaul and Broadway) in Albuquerque. The Fiesta's hours are 10 a.m. to 5 p.m. | | | | | |
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| | | | | |  AFP - Much-vaunted EU plans to tax banks skidded into trouble after moves to clamp down on big-spending governments also hit buffers despite broad agreement on Tuesday to regulate the financial sector.
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| | | | | | Reuters - The top U.S. securities regulator said on Tuesday that the follow-up report on what might have caused the May "flash crash" is expected by the end of September. | | | | | |
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| | | | | | AP - Casey's General Stores Inc., which is fending off a hostile takeover bid, said Tuesday that its fiscal first-quarter profit fell 16 percent on fees related to evaluating the takeover offer and higher operating expenses. Its revenue rose 14 percent. | | | | | |
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| | | | | |  AP - Motorists should see pump prices slide again after they spending a little more to fill their tanks over the Labor Day weekend.
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| | | | | |  Reuters - China's state-owned chemicals group Sinochem Corp has approached Singapore state investor Temasek to join a consortium that may bid for Canada's Potash Corp , sources with knowledge of the deal said on Tuesday.
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| | | | | | AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth. | | | | | |
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| | | | | | AP - NYSE Euronext said Tuesday the trading volume for equity and derivative produces rose significantly in August, pushed up by a spike in U.S. equity trading. | | | | | |
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| | | | | | Reuters - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room. | | | | | |
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| | | | | |  AP - A Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 to top leaders of an al-Qaida-linked Somali militant group at the start of the first trial under Norway's 2002 terror financing law.
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| | | | | |  Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC said its chairman is leaving to go into government.
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| | | | | | Reuters - Coca-Cola Enterprises said it expects revenue to increase 4 percent to 6 percent annually, with earnings per share up in the high-single digits after its pending deal to sell some operations to Coca-Cola Co closes. | | | | | |
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| | | | | | Reuters - Global regulators meeting on Tuesday look set to finalize tougher bank capital rules roughly in line with expectations but the package may take effect sooner than anticipated, raising investor concerns over dividends. | | | | | |
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| | | | | |  AFP - World oil prices fell on Tuesday as the market reacted to the end of the peak demand season coming at a time when supplies are high, analysts said.
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| | | | | | BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ... | | | | | |
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| | | | | | AP - Some Cuban Americans in south Florida are upset to see a picture of revolutionary Che Guevara promoting an irreverent car race. | | | | | |
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| | | | | | AP - Americans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country. | | | | | |
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| | | | | | Reuters - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales. | | | | | |
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| | | | | |  AP - European Union countries have approved a financial oversight structure meant to shield against market turmoil and contain the excessive risk-taking that many blame for the global financial crisis.
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| | | | | |  AP - Sales of passenger cars in China — the world's biggest auto market — rose 18 percent in August from a year earlier as government subsidies and price cuts by dealers helped spur demand.
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| | | | | | Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday. | | | | | |
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| | | | | |  AFP - The six members of the Gulf Cooperation Council have postponed the implementation on Tuesday of a customs union due to disagreement over sharing tariff revenues and problems meeting World Trade Organisation rules, officials said.
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| | | | | | Reuters - European Union finance ministers made a fresh attempt on Tuesday to settle their differences over taxation of banks and trading as they prepared to approve the creation of new financial watchdogs. | | | | | |
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| | | | | |  Reuters - LONDON (Reuters) Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.2 to 0.7 percent, pointing to a weaker start on Wall Street on Tuesday.
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| | | | | | Reuters - British bank Barclays has appointed Bob Diamond, the head of its investment and wealth management business Barclays Capital, as its new group chief executive to replace current head John Varley next year. | | | | | |
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| | | | | | AP - Oil prices fell to near $74 a barrel Tuesday in Asia as investors mull the strength of the U.S. economy and demand for crude.
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| | | | | |  Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.
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