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Thursday, August 4, 2011

8/4 Business - Google News

     
    Business - Google News    
   
European leaders feel the strain - Financial Times
August 3, 2011 at 2:00 PM
 

Sydney Morning Herald

European leaders feel the strain
Financial Times
European policymakers were struggling last night to contain the global market turbulence that has triggered sharp share price falls and a rush to haven assets. While Wall Street shares started to stabilise at midday after ...
MONEY MARKETS-European banks struggle to raise dollarsReuters
Whatever George Osborne believes, Britain will spend years in the doldrumsTelegraph.co.uk
Throw 3 coins in the fountain. Italy needs themCNN
Bloomberg -Wall Street Journal -Washington Post
all 1,000 news articles »
   
   
Mortgage rates plunge, flirting with new lows - CNNMoney
August 3, 2011 at 1:38 PM
 

RealtyBizNews: Real Estate News & More

Mortgage rates plunge, flirting with new lows
CNNMoney
NEW YORK (CNNMoney) -- As Congress and President Obama hammered out a debt deal over the past week, mortgage rates plunged -- hitting new lows in some instances. The 30-year fixed rate, usually the most ...
15-year fixed mortgage rates at lowest point in more than 20 yearse-wisdom.com
Plunging Mortgage Rates Won't Juice HousingCNBC.com
Falling Rates Prompt Rise in Mortgage ApplicationsWall Street Journal (blog)
World Property Channel -Housing Predictor -UPI.com
all 85 news articles »
   
   
Berlusconi says Italy will survive market crisis - Financial Times
August 3, 2011 at 1:22 PM
 

CTV.ca

Berlusconi says Italy will survive market crisis
Financial Times
Silvio Berlusconi insisted on Wednesday that Italy was strong enough to overcome turmoil on international debt markets, blaming its soaring borrowing costs on factors beyond Rome's control, ...
Berlusconi says will work with unions for reformReuters
Italy PM Berlusconi: Market Stress A Confidence ProblemWall Street Journal
Spanish, Italian Bonds Rise on Bets European Officials May Act on CrisisBloomberg
Forbes -MarketWatch -Seattle Post Intelligencer
all 1,427 news articles »
   
   
US Stocks Fall as Dow Has Longest Slump Since 1978 on Economy - BusinessWeek
August 3, 2011 at 12:57 PM
 

Politico

US Stocks Fall as Dow Has Longest Slump Since 1978 on Economy
BusinessWeek
Aug. 3 (Bloomberg) -- US stocks retreated, extending the longest decline since 1978 for the Dow Jones Industrial Average, as concern the economy is slowing overshadowed the cheapest equity valuations in more than a year. ...
Stocks Fall on Global Fears, S&P Hits 2011 LowCNBC.com
US STOCKS-Stocks fall on data, S&P hits new low for yearReuters
Dow average is headed for its ninth straight lossDeseret News
Bloomberg -TheStreet.com -Los Angeles Times
all 2,138 news articles »
   
   
FOREX-Swiss franc slides on SNB measures but to stay high - Reuters
August 3, 2011 at 12:51 PM
 

Reuters UK

FOREX-Swiss franc slides on SNB measures but to stay high
Reuters
NEW YORK, Aug 3 (Reuters) - The Swiss franc fell from record highs against the dollar and euro on Wednesday after the Swiss National Bank unexpectedly cut interest rates, a direction that should prove fleeting as global growth concerns ...
Dollar falls after weak data, stock selloffMarketWatch
SNB's Efforts To Curb The Franc May Prove MootWall Street Journal
Swiss change tack to fight franc's riseFinancial Times
Bloomberg -CNN -San Francisco Chronicle
all 489 news articles »
   
   
Christie Hefner's husband accused of insider trading - Chicago Tribune
August 3, 2011 at 12:26 PM
 

New York Times

Christie Hefner's husband accused of insider trading
Chicago Tribune
The husband of former Playboy Enterprises Chief Executive Christie Hefner was accused of insider trading by a US regulator for buying and selling company shares based on information he learned from his wife. In a lawsuit filed Wednesday in the US ...
Husband of Playboy Executive Accused of Insider TradingNew York Times
Playboy Founder Hugh Hefner's Son-in-Law Sued by SEC for Insider TradingBloomberg
SEC charges Hefner husband with insider tradingMarketWatch
TheStreet.com -Fortune -Business Insider
all 21 news articles »
   
   
China Is Thoroughly Unimpressed by US Debt Deal - The Atlantic Wire
August 3, 2011 at 12:21 PM
 

Moneycontrol.com

China Is Thoroughly Unimpressed by US Debt Deal
The Atlantic Wire
Yesterday we wrote about how Washington's last-minute deal to raise the debt ceiling and cut spending had failed to settle the stock market, which tanked on more signs of a sluggish economic recovery. Today we're hearing from another important ...
China Joins Russia in Blasting US BorrowingBloomberg
China warns of choppy US debt market after "madcap farce"Reuters
Chinese rating agency downgrades USAHN | All Headline News
Wall Street Journal -CNN International -CNBC.com
all 638 news articles »
   
   
Airlines Poised for $1.3 Billion 'Windfall' in FAA Shutdown - Bloomberg
August 3, 2011 at 12:20 PM
 

USA Today

Airlines Poised for $1.3 Billion 'Windfall' in FAA Shutdown
Bloomberg
Lost FAA taxes would amount to about $1.3 billion through Sept. 7, when Congress resumes legislative business, said Laura Brown, an agency spokeswoman. Lost FAA taxes would amount to about $1.3 billion through Sept. 7, when Congress resumes legislative ...
Air travelers may qualify for a small tax refundmsnbc.com
FAA shutdown means fliers could get tax refunds on airline ticketsWashington Post (blog)
Consumer Reports with three new updates6abc.com
Wall Street Journal -USA Today -TIME
all 188 news articles »
   
   
Job growth slows and layoffs rise to 16-month high, reports say - Los Angeles Times
August 3, 2011 at 12:08 PM
 

Reuters

Job growth slows and layoffs rise to 16-month high, reports say
Los Angeles Times
Looking for work? Might want to try smaller businesses, which are doing the heavy lifting when it comes to job growth, according to a new report from payroll processor ADP. Companies with fewer than 50 employees added 58000 jobs nationwide last month, ...
Which Companies Are Killing Jobs?WJXT Jacksonville
Planned Tech Layoffs Rise in JulyFINS
Job cuts reach 16-month high in JulySun-Sentinel
CNNMoney -Bizjournals.com -Bloomberg
all 207 news articles »
   
   
Instant view: Service sector growth slows in July - Reuters
August 3, 2011 at 11:01 AM
 

Telegraph.co.uk

Instant view: Service sector growth slows in July
Reuters
NEW YORK (Reuters) - Service sector growth slowed in July but stayed above a level indicative of growth, the Institute for Supply Management said on Wednesday. Factory orders were down in June due to weak demand for transportation equipment. ...
ISM Service Index DisappointsZacks.com
Rate of service-sector growth slows in JulyMarketWatch
Service firms see slower growthUPI.com
Wall Street Journal -TheStreet.com -ABC News
all 951 news articles »
   
   
Instant view: Service sector growth slows in July - Reuters
August 3, 2011 at 11:01 AM
 

Globe and Mail

Instant view: Service sector growth slows in July
Reuters
NEW YORK (Reuters) - Service sector growth slowed in July but stayed above a level indicative of growth, the Institute for Supply Management said on Wednesday. Factory orders were down in June due to weak demand for transportation equipment. ...
Rate of service-sector growth slows in JulyMarketWatch
U.S. Service Industry Growth Slowed in JulyBloomberg
Instant view: Service sector growth slows in JulyCNBC.com
TheStreet.com -RTT News -Transport Topics Online
all 793 news articles »
   
   
Frontier, flight attendants reach tentative deal - Forbes
August 3, 2011 at 10:46 AM
 

Frontier, flight attendants reach tentative deal
Forbes
AP , 08.03.11, 10:38 AM EDT DENVER -- Frontier Airlines and the union representing its nearly 1000 flight attendants have reached a tentative agreement to trim labor costs, partly through a suspension of a 401(k) match program through 2015. ...
Teamsters Sue to Block Illegal Frontier Pilot Concession DealPR Newswire (press release)
Republic Airways, owner of Frontier, posts Q2 lossBizjournals.com
Frontier revenues lift parent Republic, but fuel eats away profitsDenver Post
Indianapolis Star -Kansas City Star -Centre for Asia Pacific Aviation (subscription)
all 31 news articles »
   
   
EU chief says pressure on Italy, Spain 'unwarranted' - AFP
August 3, 2011 at 10:45 AM
 

Moneycontrol.com

EU chief says pressure on Italy, Spain 'unwarranted'
AFP
BRUSSELS — Financial market pressure on Italy and Spain is "clearly unwarranted" but is cause for "deep concern," European Commission President Jose Manuel Barroso said on Wednesday. The renewed tensions reflected growing concern "about the systemic ...
US Markets Slip After Europe and Asia DeclineNew York Times
Euro Zone Could Keep EFSF After Permanent Rescue Fund In Place-SourceWall Street Journal
Bond market developments are deep concern, says BarrosoBBC News
Reuters -Bloomberg -MarketWatch
all 1,317 news articles »
   
   
Comcast delivers strong quarter; NBCUniversal revenue up 17% - Los Angeles Times
August 3, 2011 at 10:33 AM
 

The Associated Press

Comcast delivers strong quarter; NBCUniversal revenue up 17%
Los Angeles Times
As with life, when it comes to the purchase of media companies, timing is key. Comcast Corp. on Wednesday delivered strong-second quarter earnings, led by the company's core businesses of providing cable television and high-speed Internet service to ...
Comcast 2Q Net Jumps 16% On Cable, NBC StrengthWall Street Journal
New NBCU Owner Comcast Sees Q2 Revenues Up 51%, Earnings 16%Reuters
Comcast bet on NBC Universal pays offFinancial Times
Multichannel News -International Business Times -Hollywood Reporter
all 191 news articles »
   
   
US Stocks Little Changed as Economy Concern Offsets Valuations - BusinessWeek
August 3, 2011 at 10:32 AM
 

Reuters

US Stocks Little Changed as Economy Concern Offsets Valuations
BusinessWeek
Aug. 3 (Bloomberg) -- US stocks were little changed, with the Dow Jones Industrial Average threatening to extend its longest losing streak since 1978, as concern the economy is slowing overshadowed the cheapest equity valuations in ...
Stock Market Story: Aug. 3TheStreet.com
US STOCKS-Stocks set to bounce after selloff, ADPReuters
Birinyi Advises Holding Stocks After S&P 500 DropBloomberg
Wall Street Journal -Sacramento Bee -MiamiHerald.com
all 2,078 news articles »
   
   
Stocks Turn Negative After Economic News - CNBC.com
August 3, 2011 at 10:28 AM
 

AFP

Stocks Turn Negative After Economic News
CNBC.com
Stocks turned lower Wednesday, after a handful of tepid economic news and as euro zone debt fears combined with concerns over a possible US credit downgrade overshadowed an encouraging report on private sector employment. The Dow Jones Industrial ...
ADP Says US Companies Added 114000 JobsBloomberg
US companies add 114000 jobs in JulyFinancial Times
TREASURIES-Bonds slip; jobs report less glum than forecastReuters
TheStreet.com -Bizjournals.com -Wall Street Journal
all 140 news articles »
   
   
PRECIOUS METALS: Refuge Demand Sends Gold To Record Above $1670 - Wall Street Journal
August 3, 2011 at 10:19 AM
 

Telegraph.co.uk

PRECIOUS METALS: Refuge Demand Sends Gold To Record Above $1670
Wall Street Journal
NEW YORK (Dow Jones)--Gold futures continued their march into record territory Wednesday, with investors seeking a refuge as the euro-zone debt crisis and signs of sluggish global growth clouded the outlook for other ...
Gold hits highs on US growth worriesFinancial Times
Gold continues to rally, topping $1670 an ouncePocono Record
Gold Prices Spike as Recession Worries SpreadTheStreet.com
Reuters -Consumer Affairs -Bloomberg
all 461 news articles »
   
   
PRECIOUS METALS: Refuge Demand Sends Gold To Record Above $1670 - Wall Street Journal
August 3, 2011 at 10:19 AM
 

Moneycontrol.com

PRECIOUS METALS: Refuge Demand Sends Gold To Record Above $1670
Wall Street Journal
NEW YORK (Dow Jones)--Gold futures continued their march into record territory Wednesday, with investors seeking a refuge as the euro-zone debt crisis and signs of sluggish global growth clouded the outlook for other ...
Gold Prices Spike as Recession Worries SpreadTheStreet.com
Gold keeps near intraday record; oil falls 0.5%MarketWatch
Gold spikes as recession fears spreadMSN Money
Reuters -Economic Times -GoldAlert
all 426 news articles »
   
   
Factory orders dropped 0.8% in June - USA Today
August 3, 2011 at 10:18 AM
 

The Associated Press

Factory orders dropped 0.8% in June
USA Today
WASHINGTON (AP) — US businesses cut back on orders for airplanes, autos and heavy machinery in June, lowering demand for factory goods for the second time in three months. Paul Sakuma, AP John Rosas, an employee with the metal works factory Wizard of ...
U.S. June Factory Orders, Shipments and Inventories (Text)Bloomberg
Factory orders dropped 0.8 percent in JuneThe Associated Press
Factory orders fall in JuneReuters
MarketWatch -NASDAQ
all 188 news articles »
   
   
Job killing companies - CNN
August 3, 2011 at 10:15 AM
 

Reuters

Job killing companies
CNN
About 10700 Borders employees are losing their jobs as the bookstore chain closes. Companies announced more than 60000 job cuts in July. Click the photo to read about other mass layoffs. ...
US Job Cuts Surge 60% In July On Month - Challenger ReportWall Street Journal
Report: Planned July layoffs reached 16-month highAHN | All Headline News
Announced U.S. Job Cuts Jumped 59% in JulyBloomberg
Independent Online -Forbes (blog) -CNBC.com
all 105 news articles »
   
   
Switzerland Takes Surprise Action to Weaken the Franc - New York Times
August 3, 2011 at 9:59 AM
 

Globe and Mail

Switzerland Takes Surprise Action to Weaken the Franc
New York Times
GENEVA — Switzerland's central bank moved unexpectedly Wednesday to ease the pressure on the Swiss economy caused by the super-strong franc, which has soared to record highs as debt crises buffet the United States and Europe. ...
FOREX-Swiss franc fizzles on SNB measures but to stay loftyReuters
GLOBAL MARKETS: European Stocks Pare Losses; Banks RecoverWall Street Journal
Swiss Stocks Halt Longest Losing Streak Since 2003Bloomberg
BusinessWeek -San Francisco Chronicle -MarketWatch
all 458 news articles »
   
   
HoorAAAy! US, Affirmed by Moody's and Fitch, Awaits S&P Rating - Vanity Fair
August 3, 2011 at 9:43 AM
 

Reuters

HoorAAAy! US, Affirmed by Moody's and Fitch, Awaits S&P Rating
Vanity Fair
Biden and Obama take a pensive walk.Photo by Pete Souza.Glory be Moody's and Fitch, who have permitted America, despite its bad behavior, to keep its AAA rating. In the case of Moody's, the score came with a stern warning: the investor ...
Trust becomes a rare commodity when credit ratings go on saleSydney Morning Herald
Moody's, Fitch maintain US AAA ratingDice News
Moody's Confirms Montgomery County's AAA Bond RatingPatch.com
Daily Caller -WLTZ 38 NBC -Bloomberg
all 1,924 news articles »
   
   
Marathon Oil under pressure before the bell - Forbes
August 3, 2011 at 9:35 AM
 

CSP Daily News

Marathon Oil under pressure before the bell
Forbes
AP , 08.03.11, 09:26 AM EDT NEW YORK -- Shares of Marathon Oil Corp. could be under pressure Wednesday with crude prices on the decline and also a downgrade from Credit Suisse following disappointing earnings. Before the market opened, ...
Marathon Oil Corp. may part with more assetsHouston Chronicle
Marathon Petroleum Profit Rises on Midwest Refining MarginBloomberg
Marathon Oil 2Q profits jump 41 pctBusinessWeek
MarketWatch -Wall Street Journal -Reuters
all 134 news articles »
   
   
Challenger report: Job cuts surge - CNN
August 3, 2011 at 8:31 AM
 

Business Insider

Challenger report: Job cuts surge
CNN
NEW YORK (CNNMoney) -- The jobs recovery slowed for a third month in a row, according to two reports out Wednesday. Private sector employers added 114000 workers in July, ...
US Job Cuts Surge 60% In July On Month - Challenger ReportWall Street Journal
Announced U.S. Job Cuts Jumped 59% in JulyBloomberg
Colorado job layoff numbers dropped in JulyDenver Business Journal
MarketWatch -CNBC.com -Atlanta Journal Constitution (blog)
all 22 news articles »
   
   
Moody's Confirms US Rating at Aaa, Outlook Negative - International Business Times
August 3, 2011 at 8:31 AM
 

Boston Globe

Moody's Confirms US Rating at Aaa, Outlook Negative
International Business Times
Moody's Investors Service on Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook that could pressure lawmakers to cut the US deficit. Moody's decision came a few hours ...
AAA Rating Is a Rarity in BusinessNew York Times
US credit rating still at risk if ratings firms unappeasedUSA Today
Fairfield's AAA Rating Under ReviewPatch.com
Bizjournals.com -Bloomberg -Reuters
all 1,650 news articles »
   
   
Spain Grapples With Market Turmoil - Wall Street Journal
August 3, 2011 at 8:30 AM
 

Moneycontrol.com

Spain Grapples With Market Turmoil
Wall Street Journal
LONDON—Spain's prime minister interrupted his scheduled vacation for the second day Wednesday in response to financial-market turmoil and instead will meet government ministers to analyze the "latest movements in ...
EURO GOVT-Bunds off highs but supported by Italy woesReuters
Berlusconi to Address Italy on Crisis as Bonds, Stocks SlumpSan Francisco Chronicle
Spanish, Italian Bonds Rise on Bets European Officials May Act on CrisisBloomberg
Washington Post -BBC News -New York Times
all 957 news articles »
   
   
Feldstein, Recession Panel Members See Rising Odds of a Renewed U.S. Slump - Bloomberg
August 3, 2011 at 8:28 AM
 

Live Trading News

Feldstein, Recession Panel Members See Rising Odds of a Renewed U.S. Slump
Bloomberg
Job applicants line up for interviews during a jobs fair at Nationals Park co-hosted by the AARP May 11, 2010 in Washington. Job applicants line up for interviews during a jobs fair at Nationals Park ...
Feldstein Says 50% Odds US Falls Into Recession: Tom KeeneBusinessWeek
U.S. Economy Running at 'Stall Speed' Pimco, BlackRock SaySan Francisco Chronicle
Bill Gross: Economy Is At The 'Tipping Point' Of RecessionHuffington Post
Minyanville.com -ShareCast -HoweStreet.com
all 51 news articles »
   
   
Debt Panel Membership to Send Signal on Chances for Tax Overhaul - San Francisco Chronicle
August 3, 2011 at 8:14 AM
 

Reuters

Debt Panel Membership to Send Signal on Chances for Tax Overhaul
San Francisco Chronicle
Aug. 3 (Bloomberg) -- The push to reduce the US debt is shifting to the makeup of the special congressional panel charged with finding further spending cuts and whether its 12 members can consider rewriting the tax code. Republican leaders at the ...
Senate takes up debt limit bill, passage likelyBusinessWeek
Debt deal only first step, Obama warnsSydney Morning Herald
Lucky dozen lawmakers to tackle hard stuff on debtOpelika Auburn News
UPI.com -Bizjournals.com -USA Today (blog)
all 13,620 news articles »
   
   
Nicor 2Q profit falls 21 percent - Forbes
August 3, 2011 at 8:10 AM
 

Nicor 2Q profit falls 21 percent
Forbes
AP , 08.03.11, 08:05 AM EDT NAPERVILLE, Ill. -- Natural gas distributor Nicor Inc. said Wednesday its second-quarter earnings fell 21 percent as higher costs offset an improvement in revenue. The company also reaffirmed its outlook for the year. ...
Nicor 2Q Profit Down 21% On Lower Shipping, Energy RevenueWall Street Journal
AGL Resources Reports Second Quarter 2011 EarningsDaily Markets
Nicor Reports 2011 Preliminary Second Quarter Earnings and Affirms 2011 Annual ...Bradenton Herald
GuruFocus.com -Benzinga
all 57 news articles »
   
   
US STOCKS-Futures rise after selloff, S&P support eyed - Reuters
August 3, 2011 at 8:01 AM
 

Los Angeles Times

US STOCKS-Futures rise after selloff, S&P support eyed
Reuters
NEW YORK, Aug 3 (Reuters) - Wall Street equity futures rose on Wednesday, indicating the market may snap its longest losing streak since October 2008, as investors awaited data on the labor market. The S&P 500 turned negative for ...
U.S. Stock Futures Rise; S&P 500 May Rebound From Seven-Day DropSan Francisco Chronicle
Investors fear new economic downturnLos Angeles Times
US Stocks Decline As Investors Eye Weak Data, Debt Drama; DJIA Off 110Wall Street Journal
MarketWatch -Bizjournals.com
all 1,594 news articles »
   
   
GLOBAL MARKETS: European Stocks Pare Losses; Banks Recover - Wall Street Journal
August 3, 2011 at 7:53 AM
 

GLOBAL MARKETS: European Stocks Pare Losses; Banks Recover
Wall Street Journal
By Andrea Tryphonides & Michele Maatouk LONDON (Dow Jones)--European stocks were negative, though well off earlier lows, and the euro pared losses following a surprise move by the Swiss National Bank to inject liquidity into the Swiss franc money ...
FOREX-Swiss franc dented by SNB measures but more gains likelyReuters
SNB Unexpectedly Cuts Rate to Curb 'Overvalued' Swiss FrancSan Francisco Chronicle
Franc Weakens on Signs Central Bank May Intervene to Quell GainsBloomberg
CBS News -Daily Markets -Financial Times
all 270 news articles »
   
   
Comcast 2Q Net Jumps 16% On Cable, NBC Strength - Wall Street Journal
August 3, 2011 at 7:49 AM
 

Reuters

Comcast 2Q Net Jumps 16% On Cable, NBC Strength
Wall Street Journal
NEW YORK (Dow Jones)--Comcast Corp.'s (CMCSA, CMCSK) second-quarter earnings jumped 16% and topped analysts' expectations as the company lost fewer pay-TV customers and saw revenue growth at its recently ...
Comcast Second-Quarter Profit Advances 16% as Video-Subscriber Losses SlowBloomberg
Comcast profit up on Web subscribers, NBCU ad salesReuters
Comcast Profit, Revenue Top EstimatesTheStreet.com
Philadelphia Inquirer -Bellingham Herald -Light Reading
all 135 news articles »
   
   
Time Warner tops profit as revenue surges - CNN
August 3, 2011 at 7:42 AM
 

MiamiHerald.com

Time Warner tops profit as revenue surges
CNN
NEW YORK (CNNMoney) -- Time Warner Inc. posted second-quarter earnings Wednesday that rose from a year earlier and beat Wall Street's expectations, as revenue climbed at the fastest pace in almost ...
Time Warner Profit Rises 14% Amid Ad ReboundWall Street Journal
Time Warner Profit Beats Estimates on CableBloomberg
Time Warner posts higher 2Q net incomeForbes
The Associated Press -TheStreet.com -Reuters
all 136 news articles »
   
   
RR Donnelley profit beats Street view - Reuters
August 3, 2011 at 7:41 AM
 

RR Donnelley profit beats Street view
Reuters
Aug 3 (Reuters) - Printing services firm RR Donnelley & Sons posted second-quarter adjusted earnings that edged past estimates as sales at its international segment got a boost from the acquisition of marketing communications provider Bowne & Co. ...
RR Donnelley 2Q Earnings Slide 86% On Restructuring CostsFox Business
RR Donnelley (RRD) Showing Bearish Technicals With Support At $17.84Market Intelligence Center
R.R. Donnelley & Sons Q2 Profit Down - Quick FactsRTT News
MarketWatch (press release)
all 22 news articles »
   
     
 
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