| ABC Business News |
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| First Medical Marijuana Commercial Airs |
| Fri, 03 Sep 2010 11:07:28 -0400 |
| A decision by a Fox affiliate in California's capital to broadcast what is believed to be the first paid ad for a medical marijuana dispensary has caused hardly a stir, according to the station general manager and the advertiser. |
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| Flimsy Rich: Luxury Foreclosures Up Big Time |
| Thu, 02 Sep 2010 15:07:10 -0400 |
While the pace of foreclosures has receded in the general housing market, it continues to rise in well-to-do pockets of the country, especially Southern California. In growing numbers, minor and major celebrities as well as ex-athletes are seeing their million-dollar homes revert to lender ownership, foreclosure analysts said |
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| Magazine Staff Rebels After Editor's Suicide |
| Mon, 30 Aug 2010 16:57:36 -0400 |
| The trouble at the Virginia Quarterly Review continued one month after its managing editor committed suicide, with the remaining staff members removing their names from the masthead and website after the embattled editor stepped in to complete the fall issue. The winter issue has been canceled. |
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| Billionaire's Ex Defends Child Support Lawsuit |
| Mon, 30 Aug 2010 13:11:17 -0400 |
| Jennifer Gold, ex-girlfriend of billionaire Donald Bren, told 'Good Morning America' that her two adult children deserved more of their father's fortune. The children recently lost a lawsuit for $130 million in back child support payments. |
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| Bernanke Promises Action |
| Mon, 30 Aug 2010 14:33:55 -0400 |
| Ben Bernanke addressed the Kansas City Federal Reserve Symposium in Jackson Hole. The verdict: there's more work to be done. |
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| Casket-Building Monks Battle State Bureaucracy |
| Fri, 27 Aug 2010 13:11:00 -0400 |
| The legal fight between the coffin-making monks of St. Joseph Abbey and Louisiana's funeral industry looks like a classic mismatch.In one corner is the industry-dominated funeral regulatory board;In the other are the 35 Benedictine monks at the 121-year-old monastery. |
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| The Big Business of Battling Bed Bugs |
| Wed, 25 Aug 2010 15:25:27 -0400 |
| From New York's handsome prewar buildings to the low-slung homes of the U.S. heartland, bedbug infestations are translating into big bucks for pest control companies and retailers selling protection against them. |
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| Food World's Big Secrets: What's in the Sauce? |
| Wed, 25 Aug 2010 16:24:07 -0400 |
| Forget state secrets. Some of America's favorite foods are guarded like national treasures. Recipes are the stuff of corporate wars and family friction. |
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| Bogus Discount Medical Plans Target Jobless |
| Thu, 26 Aug 2010 19:12:21 -0400 |
| The skyrocketing cost of health care has made traditional health insurance increasingly unaffordable for many Americans. It's not surprising then, that medical discount plans have much appeal. They can be touted as an affordable alternative to health insurance. What can get lost in the translation though, is that a discount plan is no substitute for comprehensive medical insurance. |
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| MSNBC Business News |
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| Employers hire more workers than expected |
| Fri, 3 Sep 2010 15:36:22 GMT |
| Private employers hired more workers than expected in August, lifting hopes for the weak U.S. economy, but the nation’s unemployment rate rose for the first time in four months. |
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| Flirting your way to the corner office |
| Fri, 3 Sep 2010 11:39:57 GMT |
Flirting, after all, is one of the oldest tricks in the book. But how do you use it to your professional advantage without crossing the line or inviting unwanted advances?
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| Great Recession was emotional ‘roller coaster’ |
| Fri, 3 Sep 2010 14:41:24 GMT |
| More than a quarter of employed U.S. workers suffered a bout of unemployment during the Great Recession that took many of them on an emotional roller coaster ride. |
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| Kia moves to change its image, hamsters and all |
| Fri, 3 Sep 2010 15:47:03 GMT |
To most Americans, at least to those who are aware of the brand, Kia is still associated with the cheap-and-cheerful products. That's an image the automaker is out to transform.
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| Kia recalls 56.000 Souls, Sorentos |
| Fri, 3 Sep 2010 15:49:50 GMT |
| Kia Motors says it has started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires. |
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| Service sector grows for eighth straight month |
| Fri, 3 Sep 2010 15:09:31 GMT |
| The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey. |
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| Economic data show recovery still kicking, a bit |
| Thu, 2 Sep 2010 20:34:19 GMT |
| It was a glass-half-full day for economic data on Thursday ... sort of. The upbeat news was tempered by worries about what Friday's unemployment report will say about the state of the labor market. |
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| Low interest rates squeeze pension funds |
| Thu, 2 Sep 2010 14:29:40 GMT |
| The plunge in interest rates has put the nation’s public and private pension funds badly underfunded, leaving pension fund managers with a giant hole to fill. |
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| Builders of N.Y. mosque face financial hurdles |
| Thu, 2 Sep 2010 23:37:00 GMT |
| The developers planning to build a $100 million Islamic center near the World Trade Center site are nearly a quarter-million dollars behind on real estate taxes and late fees. |
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| ABM to pay $5.8 million in harassment case |
| Thu, 2 Sep 2010 20:27:43 GMT |
| A large building-maintenance company will pay $5.8 million to settle a sexual harassment lawsuit brought by the government involving 21 Hispanic female workers. |
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| Funk band War tells Pepsi they're not friends |
| Thu, 2 Sep 2010 22:10:01 GMT |
Members of the band War say they can't be friends with Pepsi. The band is suing for more than $10 million, saying it did not negotiate with them to use the song "Why Can't We Be Friends" in a commercial.
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| Oh snap! Carrot campaign mimics junk food |
| Thu, 2 Sep 2010 16:41:24 GMT |
Baby carrot farmers are launching a campaign that pitches the little, orange, crunchy snacks as daring, fun and naughty — just like junk food.
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| Ferrari recalls 1,248 supercars after fires |
| Thu, 2 Sep 2010 18:06:47 GMT |
Ferrari says it is recalling 1,248 of its “458 Italia” supercars after reports of fires breaking out in five of the luxury vehicles in several countries.
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| ConsumerMan: Beware of acai berry offers |
| Thu, 2 Sep 2010 15:55:04 GMT |
The exotic acai berry has been the superstar in the world of diet supplements. But the federal government is cracking down on false advertising claims and unlawful payment practices.
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| MSNBC Business News |
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| BBC Business News |
| UN calls special food price talks |
| Fri, 03 Sep 2010 14:11:38 GMT |
| The United Nations' food agency calls a special meeting of policy makers to discuss the recent rapid rises in food prices. |
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| US sees 54,000 jobs go in August |
| Fri, 03 Sep 2010 15:05:17 GMT |
| The US economy shed another 54,000 jobs in August, the third month in a row that jobs have been lost, official figures show. |
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| HSBC threatens to quit London HQ |
| Fri, 03 Sep 2010 10:20:58 GMT |
| HSBC may quit its London headquarters if the UK government decides to break up big banks, a senior executive says. |
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| BP says oil spill cost up to $8bn |
| Fri, 03 Sep 2010 14:28:42 GMT |
| BP says the cost of its Gulf of Mexico oil spill has risen to $8bn - a rise of more than $2bn in the last month alone. |
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| UK builders and services falter |
| Fri, 03 Sep 2010 09:47:47 GMT |
| New data shows new construction orders contracted in the second quarter, while the services sector slowed sharply in August. |
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| 'Big drop' in alcohol consumption |
| Fri, 03 Sep 2010 10:50:14 GMT |
| Alcohol consumption has fallen faster than ever, figures from the British Beer and Pub Association suggest. |
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| Europe agrees finance watchdogs |
| Thu, 02 Sep 2010 21:52:42 GMT |
| The European Union agrees to reform financial supervision, with new agencies to oversee banks, insurers and financial markets. |
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| Chinese consider rival Potash bid |
| Fri, 03 Sep 2010 06:48:01 GMT |
| Chinese investors approach Canadian pension fund over a possible rival bid for the fertiliser giant Potash Corporation. |
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| Andean gold in $3bn bidding war |
| Fri, 03 Sep 2010 06:57:04 GMT |
| Rival Canadian gold mining companies, Goldcorp and El Dorado, lock horns in a $3bn fight to buy up Andean Resources. |
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| Burger King is sold for $3.26bn |
| Thu, 02 Sep 2010 16:51:38 GMT |
| Burger King is being sold to private equity firm 3G Capital in a deal valued at $3.26bn (£2.1bn), it has been announced. |
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| Explosion on Gulf of Mexico rig |
| Fri, 03 Sep 2010 04:13:08 GMT |
| An explosion rips through an offshore oil rig in the Gulf of Mexico, west of the site of the blast in April that caused a huge oil spill. |
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| Russia extends grain export ban |
| Thu, 02 Sep 2010 17:39:21 GMT |
| Russia will consider lifting its grain export ban only after the next year's harvest has been reaped, Vladimir Putin says. |
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| German banker 'should be fired' |
| Thu, 02 Sep 2010 16:42:53 GMT |
| The German central bank calls on the country's president to dismiss one of its board members over comments he made about immigration and Jews. |
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| Dell pulls out of battle for 3Par |
| Thu, 02 Sep 2010 15:49:13 GMT |
| Dell withdraws its bid for 3Par after rival Hewlett-Packard raises its offer for the data storage company to $2.1bn. |
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| Shift in home loan availability |
| Fri, 03 Sep 2010 13:07:48 GMT |
| The cost of mortgages is continuing to fall and they are becoming more accessible to some borrowers, figures show. |
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| Four power firms face sales probe |
| Thu, 02 Sep 2010 15:20:04 GMT |
| Four of the "big six" UK energy suppliers are to be investigated amid concerns of mis-selling to customers, the regulator says. |
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| House prices fall again in August |
| Thu, 02 Sep 2010 08:44:18 GMT |
| House prices fell for the second month in a row in August, according to the Nationwide building society. |
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| ECB ups eurozone growth forecasts |
| Thu, 02 Sep 2010 13:32:34 GMT |
| The European Central Bank raises its forecast for eurozone growth for this year and next year, and keeps interest rates on hold. |
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| Mozambique prices 'irreversible' |
| Fri, 03 Sep 2010 02:10:45 GMT |
| The government of Mozambique says price rises which have led to deadly riots are "irreversible", as Maputo residents are urged to continue their protests. |
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| Plans for more £5 notes in ATMs |
| Thu, 02 Sep 2010 14:33:20 GMT |
| All banks and building societies have put in place plans to begin dispensing £5 notes from the cash machines, a report reveals. |
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| BBC Business News |
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| Wall St rises after payrolls data (Reuters) |
| Fri, 03 Sep 2010 14:50:25 GMT |
Reuters - Wall Street advanced on Friday after a better-than-expected jobs report lifted investor optimism on the economy but gains were checked after data showed services sector activity slowed.
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| Private hiring surprises with 67,000 new jobs (Reuters) |
| Fri, 03 Sep 2010 15:10:45 GMT |
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
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| Campbell Soup profit beats Street but sales light (Reuters) |
| Fri, 03 Sep 2010 14:45:43 GMT |
Reuters - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.
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| Ex-hedge fund manager charged with insider trading (Reuters) |
| Wed, 01 Sep 2010 17:15:33 GMT |
| Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc. |
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| White House: August jobs report reassuring (Reuters) |
| Fri, 03 Sep 2010 14:18:00 GMT |
| Reuters - The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of "unsettling" economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring. |
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| Summary Box: Campbell Soup 4th-qtr results (AP) |
| Fri, 03 Sep 2010 15:56:41 GMT |
| AP - SALES DOWN, PROFIT UP: The Campbell Soup Co. said Friday that its adjusted fourth-quarter profit was up 7 percent, even though its sales were down 1 percent. |
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| Experts see trouble ahead for developed world (AP) |
| Fri, 03 Sep 2010 15:56:05 GMT |
AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.
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