Business News

Service sector grows at slower pace in August (AP)

Yahoo Business News - Fri, 09/03/2010 - 11:49

AP - 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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Sirius XM Has a Stern Decision to Make (The Motley Fool)

Yahoo Business News - Fri, 09/03/2010 - 11:43
The Motley Fool - Satellite-radio star Howard Stern is negotiating in public again.
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Asia leads world tourism recovery in 2010: UN (AFP)

Yahoo Business News - Fri, 09/03/2010 - 11:30

AFP - World tourism rebounded strongly this year from the global financial crisis, led by Asia and the Middle East, the United Nations World Tourism Organisation (UNWTO) said Friday.


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Broke youth anti-crime groups want federal cash (AP)

Yahoo Business News - Fri, 09/03/2010 - 11:10

AP - A $1.6 billion congressional bailout of sorts could help financially flailing groups that fight to keep young people out of trouble, yet lawmakers are reluctant to take up the expensive proposal amid a sour economy and other, more pressing issues.


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3 Ways Obama Could Boost Hiring (U.S. News & World Report)

Yahoo Business News - Fri, 09/03/2010 - 11:04
U.S. News & World Report - Nearly three years after the recession began, President Obama wants to pass a jobs bill. It's not his first jobs bill, but the others--including the big $800 stimulus plan from 2009--haven't quite done the trick. So Obama is pushing for new tax breaks and cheap, government-backed loans for small businesses, with the hope that easier credit and a bit more take-home pay will spur them to hire more workers.
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Campbell Soup profit beats Street but sales light (Reuters)

Yahoo Business News - Fri, 09/03/2010 - 10:45

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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Latest Gulf oil rig problem differs from BP spill (AP)

Yahoo Business News - Fri, 09/03/2010 - 10:44

AP - Unlike the blast that led to the massive BP spill, the latest oil platform fire in the Gulf of Mexico killed no one and sent no crude gushing into the water.


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Oil prices stage gentle rebound after US payrolls (AFP)

Yahoo Business News - Fri, 09/03/2010 - 10:36

AFP - Oil prices firmed on Friday as traders examined a better-than-expected payrolls report in the United States, the world's leading energy consumer.


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White House: August jobs report reassuring (Reuters)

Yahoo Business News - Fri, 09/03/2010 - 10:18
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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Billionaire investor seals deal to buy German retail chain (AFP)

Yahoo Business News - Fri, 09/03/2010 - 10:14

AFP - The future of Germany's Karstadt, Europe's third-largest department store chain, appeared to be secured Friday as a court approved its acquisition by a billionaire investor, safeguarding 25,000 jobs.


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Walgreen same-store sales miss expectations (Reuters)

Yahoo Business News - Fri, 09/03/2010 - 09:15
Reuters - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.
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Gazprom to double gas imports from Azerbaijan (AP)

Yahoo Business News - Fri, 09/03/2010 - 08:29
AP - Russia's Gazprom on Friday clinched a deal to double supplies from Azerbaijan in a bid to expand its control over gas produced by former Soviet republics.
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Crafting a Career in Eco-Chic Jewelry (BusinessWeek)

Yahoo Business News - Fri, 09/03/2010 - 08:08
BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama.
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Eurozone retail sales near stagnant in July: data (AFP)

Yahoo Business News - Fri, 09/03/2010 - 06:40

AFP - Retail sales across the 16 nations sharing the euro rose by a modest 0.1 percent in July, after a 0.2 percent increase in June, with drops in Germany and Spain, European Union data showed on Friday.


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Brazil oil firm Petrobras plans $65 billion stock sale (Reuters)

Yahoo Business News - Fri, 09/03/2010 - 06:36
Reuters - Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan.
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'Crocodile Dundee' to return to US amid tax fray (AP)

Yahoo Business News - Fri, 09/03/2010 - 06:20

AP - Actor Paul Hogan, star of the "Crocodile Dundee" movie trilogy, has been cleared to return home to the United States after he was barred last month from leaving Australia because of a disputed tax bill, his lawyer said Friday.


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Feds launch investigation of Gulf platform fire (AP)

Yahoo Business News - Fri, 09/03/2010 - 06:02
AP - The agency that oversees offshore drilling will investigate the fire on an oil platform in the Gulf of Mexico.
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Canada's Goldcorp to buy Andean for $3.4 billion (Reuters)

Yahoo Business News - Fri, 09/03/2010 - 05:09
Reuters - Canada's Goldcorp Inc agreed to buy Argentina-focused gold miner Andean Resources Ltd for C$3.6 billion ($3.4 billion), trumping a competing offer from rival Eldorado Gold Corp.
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BP oil spill costs hit $8 billion as ends rig probe (Reuters)

Yahoo Business News - Fri, 09/03/2010 - 05:02
Reuters - BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.
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Swedish bank Carnegie buys troubled competitor (AP)

Yahoo Business News - Fri, 09/03/2010 - 04:40
AP - Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week.
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