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    2010/7/30 نسخه فارسی

Business News Headlines

: 7/30/2010 7:57:01 PM

Reuters: Small Business News
  • Republicans block small business plan in Senate
    WASHINGTON (Reuters) - Senate Republicans blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment.




  • Imports slow second-quarter growth
    WASHINGTON (Reuters) - Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and consumers spent less, raising concerns about the recovery in the rest of 2010.




  • Management Tip of the Day: Hearts and Minds
    BOSTON (Reuters) - The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org (http://www.hbr.org). Any opinions expressed are not endorsed by Reuters.




  • Shopkick funding shows real world mobile trend
    SAN FRANCISCO (Private Equity Week) - Shopkick, a Palo Alto, California-based startup that tries to get people to use their mobile phones to go shopping in the physical world, raised $15 million in a Series B round last week.




  • Mortgage rates set new lows a 6th straight week
    NEW YORK (Reuters) - Fixed U.S. mortgage rates set record lows last week for the sixth straight week, keeping affordability high for borrowers who can get loans, home funding company Freddie Mac said on Thursday.




  • Entrepreneurs run with crowdsourcing model
    CHICAGO (Reuters) - Every Friday afternoon the staff at cutting edge New York-based product development firm Quirky reviews ideas submitted by the public and voted on by its online community of consumers. Ultimately just one idea is chosen to be sold in Quirky's online store.




  • Tax collection down 15 percent amid downturn
    WASHINGTON (Reuters) - The Internal Revenue Service collected less in 2009 than the year before, likely the result of the economic downturn and increasingly complex returns filed by both individual and corporate taxpayers, an internal government report found on Thursday.




  • Management Tip of the Day: Bringing out the best
    BOSTON (Reuters) - The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org (http://www.hbr.org). Any opinions expressed are not endorsed by Reuters.




  • Pixazza raises $12 million to improve images
    SAN FRANCISCO (Private Equity Week) - Online display advertising is big business.




  • Flipboard raises $10 million for iPad magazine app
    SAN FRANCISCO (Private Equity Week) - Aspen, Colorado-based Flipboard had one of the more prominent fund-raising announcements last week.




    • CBC | Money News
  • Canadian economy expands 0.1% in May
    Canada's gross domestic product expanded by 0.1 per cent in May as goods-producing industries helped offset a decline in the service sector.

  • U.S. economy growing at 2.4% pace
    The United States economy expanded at a 2.4 per cent annual pace during the second quarter, a slowdown from the 3.7 per cent expansionary pace it had during the first three months of 2010.

  • Alberta leads in average earnings
    Alberta continued to have the country's highest average weekly earnings among the provinces in May, despite a dip from the month earlier, Statistics Canada reported Friday.

  • Budget deficit could be gone a year early
    The federal government should be able to eliminate the annual budget deficit by 2015, a year ahead of schedule, the Conference Board of Canada says.

  • Apple's iPhone 4 leads to long lineups
    Shoppers in Canada are lining up to buy Apple's iPhone 4, which went on sale Friday.

  • Google shares fall on China blocking report
    Google shares fell 1.4 per cent in after-hours trading Thursday after the company said people in mainland China are being blocked from using its internet search engine.

  • Telecom took in $41B in 2009
    Canada's communications industry took in $55.4 billion in revenue in 2009, the CRTC said Thursday, a 2.1 per cent increase from the previous year's level.

  • Toyota recalls Avalon and Lexus models
    Owners of Toyota Avalons and Lexus LX 470s may be getting a recall notice soon as the carmaker moves to fix a steering problem.

  • Tuna season stays closed until October
    Tuna fishermen on P.E.I. have decided to forgo a summer fishery altogether and open the season on Oct. 4.

  • WTF? Goldman bans email profanity
    Goldman Sachs workers are likely wondering WTF is appropriate anymore after the New York investment bank informed employees that profanity is no longer acceptable in electronic messages.

  • U.S. central banker raises spectre of deflation
    An official with the U.S. central bank warned Thursday it should be ready to revive a program from the financial crisis if the world's biggest economy appears headed for deflation.

  • Hacker extracts cash from ATMs
    A hacker has discovered a way to force ATMs to disgorge their cash by hijacking the computers inside them.

  • U.S. jobless claims dip
    The number of Americans filing new claims for jobless benefits fell for the third time in four weeks last week, dropping by 11,000 to a seasonally adjusted 457,000.

  • Enbridge oil not likely to reach Lake Michigan
    Oil that spilled from an Enbridge pipeline into a southern Michigan waterway is not expected to reach Lake Michigan, U.S. officials say.

  • Ford to lay off 388 at Windsor engine plant
    Ford Motor Co. will lay off nearly 400 workers at its engine plant in Windsor, Ont.

    •

    BBC News - Business
  • US economic growth slows to 2.4%
    US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says.

  • Strikes and ash extend BA losses
    BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.

  • Royal Mail pension plan opposed
    The Pensions Regulator is opposing a crucial plan to pay off the £10bn deficit in the Royal Mail pension scheme.

  • Disney sells Miramax film studios
    Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.

  • Deadline for tax credits renewal
    Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.

  • Immigrant worker limit criticised
    Government plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London.

  • Sale of EDF's UK networks agreed
    A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).

  • Fugitive Nadir will stand trial
    Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, confirms he will come back to the UK to stand trail on theft charges.

  • US sees paper profit on bail-outs
    Assets bought by the US to bail out AIG and Bear Stearns are showing a paper profit, the Federal Reserve Bank of New York says.

  • Chip sales boost Samsung profits
    Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.

  • Benefits face 'radical' shake-up
    Merging all tax credits and benefits into a single payment is one option being considered by Iain Duncan Smith in a "radical" welfare shake-up.

  • Citigroup agrees $75m fraud fine
    Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.

  • Gambling firms reveal merger plan
    The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.

  • Jailed Enron boss requests bail
    The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.

  • Toyota announces fresh car recall
    Toyota is recalling almost 430,000 vehicles in the US and Japan amid concern over steering problems.

  • Industry toasts rise in beer sales, but pubs miss out
    Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.

  • Aldi's 'elusive' billionaire co-founder dies
    The billionaire co-founder of budget supermarket Aldi, Theo Albrecht dies, aged 88.

  • Fixed retirement age to be axed
    People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government.

  • House price inflation eases again
    UK house prices fell 0.5% in July, the Nationwide says, cutting the annual rate of house price inflation to 6.6% from 8.7%.

  • Landmark ruling on divorce money
    A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings.

    • NPR Topics: Business
  • Health Care Fight Heats Up Over New Tax Report Repeal Effort
    A battle is being waged by small businesses, accountants, and members of Congress to repeal a new tax reporting requirement in the health law. But it could raise $16 billion for the government.

  • SEC Cites Brothers In $550 Million Insider Scheme
    Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit. The SEC said the Wylys traded shares in companies on whose boards they served and "defrauded the investing public."

  • Pace Of Economic Recovery Slows
    U.S. growth slowed to a 2.4 percent rate in the second quarter, the weakest pace in nearly a year. That compares with the upwardly revised 3.7 percent increase in the first quarter of this year.

  • Why Same Hotel Rooms Generate Different Tax Bills
    Depending on how you make your reservation could determine how much a city is able to collect.

  • Cities, Websites And Hotels At Odds Over Taxes
    Online travel companies such as Orbitz and Expedia don't believe they need to collect taxes on the full amount they charge for hotel rooms. This has led to a big lobbying fight in Congress and dozens of lawsuits nationwide.

  • Disney Sells Miramax For $660M
    The New York Times and Los Angeles Times report that Disney signed the agreement late Thursday with Filmyard Holding. The investor group is led by construction magnate Ronald Tutor.

  • Is Auto Recovery Here To Stay?
    President Obama on Friday wants to call attention to the successes of the bailed-out companies by visiting automakers in Michigan. Micheline Maynard, who has covered the industry for more than two decades, discusses whether or not the good news in Detroit will last.

  • Disney Sells Miramax
    Miramax will no longer be part of Disney's entertainment empire. The Walt Disney Co. said it has sold the film studio -- famous for offbeat hits like Pulp Fiction -- to an investment company partly run by a construction magnate.

  • Microsoft Bing Cashback Program Ends
    Microsoft is pulling the plug Friday on a program that paid people to use its Bing search engine. The company said it did not see the broad adoption of the search engine that it had hoped for.

  • Pricing The Non-Human Cost Of BP Spill
    BP has spent more than $4 billion cleaning up the oil spill. But what about the non-human cost. How much should BP pay for dead and injured animals?

  • U.S. Is A Spicier Nation (Literally) Since 1970s
    Americans' spice consumption has grown almost three times as fast as the population in recent decades. Much of that growth is due to the country's changing demographics. Now, flavors that were once exotic and rare are found on the shelves in many groceries.

  • Optimism Revs Up At GM, Chrysler Plants
    President Obama visits GM and Chrysler auto plants in Detroit on Friday to call attention to the successes -- so far -- of the bailed-out companies. A White House report says the industry has added 55,000 jobs, GM will stay open during its usual two-week summer shutdown and Chrysler added another production shift.

  • New York Launches Probe Of Life Insurance Industry
    The attorney general's office is investigating whether insurers are profiting off of grieving families by placing funds from life insurance policies into potentially risky accounts that they control. Andrew Cuomo said his office had served subpoenas on Prudential Financial Inc. and MetLife Inc. as part of the probe.

  • Citigroup Paying $75M To Settle Civil Charges
    The bank settles charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.

  • Senators Call On FDA To Rule On Alcoholic Energy Drinks
    Eight months ago, the Food and Drug Administration asked makers of beverages containing alcohol and caffeine to prove the drinks are safe. So far, nothing's been made public.

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    Latest financial news - CNNMoney.com
  • White House: 'Steady recovery' continues
    The Obama administration gave a positive spin to second-quarter economic numbers released Friday, with the administration's chief economist saying they show a "steady recovery from the recession continues."

  • Let's fund every entrepreneur
    There was a great conversation Thursday at Y Combinator's AngelConf in Silicon Valley. Anthony Ha of Venturebeat had a couple posts on it that I just read, one on Paul Graham's comments, and another on Ron Conway and Mike Arrington's comments. I would have enjoyed being part of that discussion, so I'll join in now.

  • Why a flounder gigger's suit against BP is one to watch
    Although it's probably not BP's top priority at the moment, an ominous lawsuit was filed against it last month in state court in Mobile, Alabama, by a man named Obie F. Carlisle.

  • Pay gap persists for African-Americans
    African-American workers continue to earn far less than whites, according to statistics released by the U.S. Census Bureau.

  • Stocks pare losses
    Stocks recovered from early losses Friday after a stronger-than-expected report on regional manufacturing helped offset concerns about slowing economic growth.

  • How Amway weathered the storm, one sale at a time
    Don't be fooled into thinking that direct sales are a thing of the past just because you haven't seen a pink Mary Kay Cadillac in a while. Amway is not only still alive and well, it's actually growing, even as many retailers continue to struggle.

  • U.S. economic growth slows to 2.4%
    The U.S. economy continued to grow during the second quarter, but the pace slowed even more than economists were expecting, according to a government report Friday.

  • BP's Hayward: 'I became a villain for doing the right thing'
    Outgoing BP chief executive Tony Hayward is defending his leadership of the company in the aftermath of the oil rig explosion that killed 11 workers and led to the worst offshore spill in U.S. history.

  • SEC charges billionaire brothers with fraud
    Two billionaire brothers face federal fraud charges for selling stock in companies which they helped oversee and then trying to conceal some $550 million in gains.

  • Stocks headed for early selloff
    U.S. stocks were headed toward an early selloff Friday, following a weaker-than-expected reading on second-quarter economic growth.

  • Why spend $300 a night for a hotel?
    Book a hotel in a popular destination and you know what to expect: a bed, a mini-fridge, and a big bill at checkout. In Europe's big cities, for example, you can easily spend anywhere from $150 to $300 a night (hotels in Florence average $205).

  • Disney sells Miramax for $660 million
    The Walt Disney Company said Friday it has agreed to sell Miramax Films for around $660 million to an investor group.

  • The SEC still needs to escape regulatory capture. Here's how.
    It's a natural human tendency to rely on the opinions of friends. We all do it, but, given the right circumstances, that impulse can endanger anything from interpersonal relationships to world economies.

  • Experience on Wall Street? Don't run for office.
    Poor John Kasich. When he made that fateful decision in January 2001, he was just doing what politicians have done since time immemorial: he was taking a cushy Wall Street job between a couple of public office gigs in order to pad the family pocketbook.

  • Building your brand (and keeping your job)
    Scott Monty's personal brand doesn't take a back seat to anyone else's -- not even that of Ford Motor Co., his employer. "I'm not somebody who can be accused of using Ford's brand to benefit my own," says Monty, the car giant's first global digital and multimedia communications manager. "If anything, the opposite is true."

  • States go deeper into debt
    The states are broke, and like many consumers, they're borrowing big time to get out of their fiscal binds.

  • Google search working again in China
    Google users in China were temporarily blocked from accessing the search engine, the company said Thursday, but the site was was once again working a few hours later.

  • Ballmer: Microsoft feels tablet 'urgency'
    Microsoft Chief Executive Steve Ballmer said Thursday that the software giant is urgently working with its partners to unveil a host of tablet computers running Windows 7, to compete with Apple's fast-selling iPad.

  • Senator demands probe of BP tax break
    Two days after BP said it will write off the cost of the oil spill cleanup against its income taxes, a U.S. senator is calling for a Congressional probe into the company's tax plans.

  • Summertime tax savings
    April may be eight months away, but it is never too early to start thinking about saving on your taxes. Take advantage of these summer savings before it is too late.

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    NYT > Business Day
  • Economy Grew at Rate of 2.4% in Quarter
    The government on Friday also revised growth in the first quarter to 3.7 percent, higher than the previous estimate.



  • S.E.C. Charges Billionaire Dallas Brothers With Securities Fraud
    The two Dallas billionaires, large donors to conservative causes, were charged with an extensive securities fraud.



  • Added to the Recall List: Millions of Frozen Mice
    Salmonella outbreaks that sickened more than 400 in the U.S. and Britain have been traced to mice sold as food for exotic pets.



  • Wall Street Slips After U.S. Data on Growth
    Investors were particularly fretful about the G.D.P. report because it comes at the end of a run of worse than expected economic data and a warning from the Fed.



  • Rich I.P.O. Brings Controversy to Microlender, SKS Microfinance
    The founder and early investors in the microlender will reap millions from the share deal, but it was unclear how donors would benefit.



  • Disney Sells Miramax for $660 Million
    The deal ends a laborious bidding process that saw the label’s co-founders, Harvey and Bob Weinstein, fall short in their attempt to regain control.



  • Citigroup Pays $75 Million to Settle Subprime Claims
    Besides the bank, two executives were singled out for not disclosing information about mortgage investments.



  • Cloned Livestock Gain a Foothold in Europe
    The Continent has generally resisted genetically modified food, but small amounts of meat and dairy from cloned animals are already being consumed.



  • Obama to Promote Auto Bailout as a Success
    The White House has decided to argue more forcefully that investing in the auto industry helped keep workers employed and laid the groundwork for a rebound.



  • Nuclear Woes Hurt Bottom Line at E.D.F.
    Éléctricité de France cited costs related to its U.S. nuclear ventures and the construction of its latest generation nuclear power plant in France, which will be delayed until 2014.



  • New Rules Move to Restrict Debt Settlement Industry
    Companies that promise to settle debt problems for consumers will no longer be allowed to charge an upfront fee.



  • Britain Plans to Scrap Mandatory Retirement Age in 2011
    The government says it wants to give people the chance to work beyond 65. But business leaders warned that a sudden change would create serious problems.



  • DeGeneres Steps Down From ‘American Idol’
    Fox said the talk show host was leaving immediately, despite having four years remaining on her contract.



  • Two Internet Gambling Operators, PartyGaming and Bwin, to Merge
    As governments in Europe and the United States relax the rules on online gambling, the companies anticipate the opening up of new markets.



  • Justice Joins Suit Accusing Oracle of Fraud
    In a civil suit, the department said Oracle failed its contractual duty to give the government the same discounts it gave commercial customers.



  • Small-Business Bill Falters on Senate Partisanship
    The procedural blockade underscored how determined Republicans are to deny Democrats any further victories.



  • Motorola’s Profit Beats Estimates
    Strong demand for a line of smartphones using Google’s Android operating system helped sales.



  • Production Growth Lifts Profits at Exxon and Shell
    Strong results raised hopes that the oil companies could offer investors meaningful growth again.



  • Siemens and VW Surge on Roaring Demand From China
    The better-than-expected results, along with a drop in unemployment, underscored how Germany is benefitting from the weaker euro and surging exports to emerging markets.



  • High & Low Finance: In Basel, an Eternal Work in Progress
    The Basel committee that was supposed to toughen banking regulations seems caught in a battle to do so.



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    Yahoo! News: Business News
  • Wall Street turns positive, lifted by data (Reuters)

    A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters - Stocks reversed course on Friday with the major indexes turning positive after a barometer of U.S. Midwest business jumped in July, while consumer sentiment data for the month came in better than expected.




  • Imports slow second-quarter growth (Reuters)
    Reuters - Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and consumers spent less, raising concerns about the recovery in the rest of 2010.

  • Chevron earnings triple (Reuters)
    Reuters - Chevron Corp, the second-largest U.S. oil company, reported a three-fold jump in quarterly profit, beating expectations as refinery margins fattened.

  • Consumer sentiment sags to lowest since November (Reuters)
    Reuters - Consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey released on Friday showed.

  • Merck pares 2010 forecast, despite beat in quarter (Reuters)

    A view of the Merck & Co. campus in Linden, New Jersey, March 9, 2009.REUTERS/Jeff ZelevanskyReuters - Merck and Co issued a more cautious 2010 profit outlook on Friday and reported disappointing second-quarter sales of its vaccines and Singulair asthma drug, sending its shares down more than 3 percent.




  • Cisco briefly halted after circuit breaker (Reuters)
    Reuters - Trading in Cisco Systems Inc shares was briefly halted on Thursday after triggering a circuit breaker.

  • More Japan workers lose jobs, factory output falls (AP)

    In this July 28, 2010 photo, office workers crossing a street during a lunchbreak are reflected on an electronic stock indicator in Tokyo. Japan received a sobering reminder Friday, July 30, 2010, of its fragile recovery: The jobless rate rose, deflation deepened, and factories made fewer cars and mobile phones. (AP Photo/Shizuo Kambayashi)AP - Japan received a sobering reminder Friday of its fragile recovery: The jobless rate rose, deflation deepened, and factories made fewer cars and mobile phones.




  • France's Total Q2 profit up 43 percent (AP)
    AP - French oil company Total SA said Friday its second-quarter profit jumped 43 percent thanks to rising production and improving refinery activity after a rough 2009, and said it is reviewing drilling and accident policies after the BP spill.

  • Italy seeks private sponsors to restore Colosseum (AP)
    AP - Italian officials are seeking to raise some euro25 million (about $32 million) in private money to finance the restoration of one of the country's iconic landmarks: the Colosseum.

  • Fannie Mae portfolio grows, delinquencies decline (Reuters)
    Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.

  • Arch Coal 2Q profit surges on global sales (AP)
    AP - Arch Coal Inc. said Friday it reversed losses from a year ago during the second quarter, handily beating Wall Street's expectations on the strength of global markets and a nearly 40 percent jump in sales.

  • Out-of-stock Kindle may mean new version coming (Reuters)
    Reuters - Amazon.com said its best-selling Kindle device was currently out of stock, leading one Internet analyst to surmise the online retailer was poised to launch a new version.

  • Florida mortgage firm settles federal charges (AP)
    AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.

  • BP hiring former FEMA head for Gulf recovery (AP)

    File - In this June 16, 2010 file photo, BP Chief Executive Officer Tony Hayward, left, and BP Managing Director Bob Dudley arrive with other BP executives at the White House in Washington DC. The appointment of American oilman Robert Dudley to replace luckless Briton Tony Hayward as CEO is the latest milestone in the waning Britishness of the company once known as British Petroleum. (AP Photo / Susan Walsh, file)AP - BP announced Friday that it is hiring a former Clinton-era emergency management official and his consulting firm to help with the recovery from the massive Gulf oil spill.




  • Kerry says he mishandled furor over yacht taxes (AP)

    'Isabel,' the 76-foot yacht owned by Democratic Sen. John Kerry of Massachusetts, is undergoing repairs at the Hinckley shipyard in Portsmouth, R.I., Friday, July 23, 2010. Kerry is docking his family's new $7 million yacht in neighboring Newport, R.I., allowing him to avoid paying roughly $500,000 in taxes to the cash-strapped Bay State. (AP Photo/Stew Milne)AP - Sen. John Kerry said he always intended to pay taxes in Massachusetts on his $7 million yacht but conceded he mishandled the public furor over his decision to dock the vessel in tax-free Rhode Island.




  • Honda, Renault face waning demand after good quarter (Reuters)

    A woman walks past Nissan Motor Co's March cars at the company's headquarters in Yokohama, south of Tokyo July 29, 2010. REUTERS/Toru HanaiReuters - Honda Motor Co and Renault joined their rivals in reporting strong results for the quarter to the end of June, as the auto industry faces growing concerns over slowing demand in the United States, China and Europe.




  • The Rebirth of Prague's Vltava River (BusinessWeek)
    BusinessWeek - When Petr Vojak was deciding where to settle down with his family last year, his aim was clear. He wanted somewhere peaceful yet central. Eventually, they decided on a new flat in a northern district along the Vltava river, which flows through Prague.

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    Wash Post Business
  • Facebook Said to Put Off IPO Until 2012 to Buy Time for Growth
    Facebook Inc. will probably put off its initial public offering until 2012, giving Chief Executive Officer Mark Zuckerberg more time to gain users and boost sales, three people familiar with the matter said.


    Facebook - Initial public offering - Social network - Online Communities - Mark Zuckerberg

  • Dodd, Frank Plan to Hold Hearings on Basel Capital Regulations
    Christopher Dodd and Barney Frank, authors of the U.S. financial overhaul, plan hearings on the status of global talks to revise bank-capital standards amid worries that proposed rules are being watered down.


    United States - Government - Chris Dodd - Business - President

  • Gates Says Pentagon to Help Death-Benefits Inquiry
    July 29 (Bloomberg) -- Defense Secretary Robert Gates pledged to help the U.S. Department of Veterans Affairs probe how insurers reap profits from death benefits retained for the families of deceased military personnel.


    Pentagon - United States Secretary of Defense - Robert Gates - September 11 2001 - Terrorism

  • Economic growth slows to 2.4 percent pace in second quarter
    The pace of economic growth slowed this spring, according to new government data, as Americans remained reluctant to consume and imports soared.



    Economic growth - United States - Economic - Gross domestic product - Thomson Reuters

  • Obama to tout auto bailout during Michigan trip
    DETROIT -- The government's bailout of the American auto industry last year sparked political hand-wringing about the end of capitalism and allegations that President Obama aspired to be CEO of what critics dubbed "Government Motors."


    Michigan - United States - Barack Obama - President - General Motors

  • Small, midsize U.S. banks need to raise more capital, IMF financial study finds
    The U.S. financial system remains under stress, with small and midsize banks in particular potentially needing to raise more capital, according to a new report from the International Monetary Fund that shows the continuing strains facing the U.S. economy.


    International Monetary Fund - Financial services - Business - Economic - International

  • Commonwealth Fund analysis highlights benefits for women in health-care overhaul
    The law Congress adopted this spring to reshape the nation's health-care system will be especially beneficial to women, because they traditionally have relied on health care more than men, faced more insurance problems and had greater difficulty paying medical bills, according to a new analysis.


    Commonwealth Fund - Health - Health care - United States - Politics

  • Few in U.S. move for new jobs, fueling fear the economy might get stuck, too
    PALM COAST, FLA. -- The recession is claiming yet another victim: Americans' near-constitutional right to pick up and move to a better job.



    Business - Recreation - Employment - Health - Travel

  • SEC charges billionaire Texas brothers who donate to GOP with fraud
    Sam and Charles Wyly, billionaire Texas brothers who gained prominence spending millions of dollars on conservative political causes, committed fraud by using secret overseas accounts to generate more than $550 million in profit through illegal stock trades, the Securities and Exchange Commission...


    Fraud - Business - Allegedly Unethical Firms - One Complainant - Articles

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  • Foreclosure activity rises in most major metropolitan areas
    Foreclosure activity climbed in three-quarters of the largest U.S. metropolitan areas in the first half of 2010, compared with the same period a year ago, but declined in some of the nation's hardest-hit regions, according to data released Thursday.


    United States - RealtyTrac - Real estate - Metropolitan area - Nevada

  • Federal Reserve's James Bullard: Long-term deflation is a possibility
    A top Federal Reserve official warned Thursday that the nation faces the risk of an extended period of falling prices known as deflation, such as that experienced by Japan over the past two decades.


    Federal Reserve System - Central bank - James Bullard - Deflation - United States

  • Citigroup agrees to $75 million SEC settlement on subprime mortgage investments
    Citigroup, one of the nation's largest banks, agreed Thursday to pay $75 million to settle a Securities and Exchange Commission complaint that it misled investors about $40 billion of its holdings in subprime mortgage investments.



    Citigroup - Subprime lending - Business - Allegedly Unethical Firms - US Securities and Exchange Commission

  • China allows IMF to share results of economic report
    The International Monetary Fund on Thursday released its first detailed assessment of the Chinese economy in four years, a document less interesting in its details than for the fact that it was made public at all.


    China - Asia - United States - Google - Business and Economy

  • FTC rules take aim at debt-relief industry
    The Federal Trade Commission issued stringent new rules cracking down on the burgeoning debt-relief industry on Thursday, saying it too often charges consumers hefty upfront fees but fails to reduce the amount of money they owe creditors.


    Business - Debt settlement - Financial Services - Federal Trade Commission - Financial Planning

  • Republicans continue Senate filibuster of small-business bill, stymie Democrats
    In a fresh blow to President Obama's jobs agenda, the Senate on Thursday shelved a plan to create a $30 billion loan fund for cash-strapped small businesses, delaying final passage of a top administration priority until September at the earliest.


    Filibuster - Senate - United States - Government - Legislative Branch

  • Toyota to recall 412,000 cars in the United States
    Toyota said Thursday that it is recalling 412,000 Avalons and Lexuses for steering problems, bringing the number of cars recalled around the world since October to nearly 9 million.



    United States - Toyota - auto - Toyota Avalon - Automobile

  • Strayer profit rises with enrollment; ComScore posts lower net income
    Strayer Education said Thursday that its profit grew 30 percent in the second quarter as student enrollment increased.


    Net income - Programming - Component Frameworks - NET - Tools

  • Afghan war spending faces new scrutiny
    As part of its attempt to boost Afghanistan's economic and political development, the United States is paying thousands of Afghan contractors and subcontractors to perform much of the work that supports U.S. efforts there. But the "Afghan First" program could be achieving just the opposite of its...


    Afghanistan - History - Wars and Conflicts - Nineteenth Century - Anglo-Afghan War

  • Citigroup, SEC settle for $75M
    Citigroup, one of the nation's largest banks, agreed Thursday to pay $75 million to settle a Securities and Exchange Commission complaint that it misled investors about $40 billion of its holdings in sub-prime mortgage investments that sent the bank to the edge of collapse.


    Citigroup - Business - Allegedly Unethical Firms - US Securities and Exchange Commission - Subprime lending

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    msnbc.com: Business
  • Recovery lost speed in the second quarter

    Crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, La. The nation’s economic recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year, new data show.The recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment.




  • U.S. consumers feel more downtrodden in July
    U.S. consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey shows.

  • Wall Street recovers from early sell-off
    Stock prices fluctuated Friday after investors found some upbeat news in the government's assessment of the economy during the April-June quarter.

  • BP CEO: I'm a 'villain for doing the right thing'
    Tony Hayward, who resigned as chief executive of BP in the wake of the Gulf oil spill, has said that he was turned into "a villain for doing the right thing."

  • Regional chains feed America's burger appetite
    Whether you want pear chutney on your sandwich, or an artery-clogging ball of meat and grease for less than a buck, there’s a regional burger chain for you somewhere in America.

  • 10 hot startups with future potential

    VeriMeri makes positive T-shirts for kids — sentiments include "Peace, Dude," "I'm a lucky ducky" and "Imagine." "Hot" startups aren't the entrepreneurial equivalent of a winning lottery ticket. They are the companies that capture the hearts and minds of their potential customers — and market share.




  • Billionaire brothers accused of insider trading

    In this file photo Sam Wyly poses at his Explore book store in Aspen, Colo. The SEC has accused famed Dallas billionaire investors Sam and Charles Wyly of defrauding the investing public.Sam and Charles Wyly, Dallas billionaire investors  made $550 million in undisclosed profits through 13 years of insider trading, according to an SEC lawsuit.




  • Banks' hard sell: Opt in for more overdraft fees
  • Disney to sell Miramax for over $660 million
    Walt Disney Co. has agreed to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to Filmyard Holdings LLC.

  • NY Fed: Toxic assets from AIG gaining value
    Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.

  • Lawsuits seek $30 million from Madoff family

    Bernard Madoff confessed that his business had operated for about two decades as a Ponzi scheme in which some investors were paid off with the money provided by new investors. A court-appointed trustee seeking to recover billions of dollars lost by Bernard Madoff filed 3 lawsuits in a bid to get back more than $30 million  he said the Madoff family had invested.




  • Mexico's violence largely spares foreign firms

    While drug violence has hit local businesses hard, such as this car bomb attack in Juarez, foreign businesses have remained relatively immune to cartel crime.As bodies pile up in Mexico's drug war, local businesses bear the brunt of violence, extortion and kidnapping while big foreign-run firms have been spared the worst.




  • Women more optimistic than men about economy
    There is a widening divide between men and women when it comes to their outlook for the economy and their own financial situations in the next twelve months, a new survey says.

  • Many cities awaiting a housing recovery
    After welcome signs of growth in housing earlier this year, home sales — and prices — are likely to wilt again in the summer heat, a victim of rising foreclosures and weak demand.

  • Jobless claims drop may offer some hope
    New U.S. claims for unemployment benefits fell slightly more than expected last week, government data showed on Thursday.

  • Newsweek: Small-biz owners see little improvement
    The National Small Business Association has released its midyear economic report. Based on a survey of 400 small-business owners, the semi-annual report found that only 11 percent have hired workers in the past year, 25 percent have cut jobs, and 41 percent say they are unable to secure adequate financing.

    •

    ABC News: Money
  • Retirement Accounts Collecting Cobwebs
    The majority of Individual Retirement Account -- or IRA -- investors are not contributing to them, a new ICI study shows, underscoring a looming retirement crisis.

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    Retirement - Individual Retirement Account - United States - Seniors - People

  • 'Spillionaires' Cleaning Up on BP Oil Disaster
    Like the 1989 Exxon Valdez disaster in Alaska, British Petroleum's calamity in the Gulf of Mexico has turned into a lucrative business opportunity for many locals and outsiders.

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    Exxon Valdez - Gulf of Mexico - Alaska - Oil spill - BP

  • Best American Cities For Working Mothers
    Minneapolis tops list of the best U.S. cities for working moms.

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    United States - Mothers - Home - Family - Parenting

  • Obama to Michigan to Tout Auto Recovery
    Obama will visit General Motors and Chrysler assembly plants in the Motor City area and meet with workers. The GM plant produces the new Chevrolet Volt rechargeable electric car and is one of nine plants that the company will keep open during the standard two-week summer shutdown.

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    General Motors - Chevrolet Volt - White House - Jeep Grand Cherokee - Michigan

  • Burning Bridges? U.S. Businessman in International Dispute Over Detroit Bridge
    For 81 years, the the privately-owned Ambassador Bridge that connects Detroit to Windsor, Ontario, has facilitated cross-border movement and trade. But the famous transborder crossing, which is in dire need of repair, is now at the center of a heated international row over its future.

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    United States - Ambassador Bridge - Detroit - Canada - Windsor Ontario

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  • PHOTOS: Top 10 Paid CEOs of the Last Decade
    The 10 Highest Paid CEOs of the Last Decade

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    Arts - Apple - Wall Street Journal - Steve Jobs - Larry Ellison

  • Love, Marriage and Student Loans
    A change in the Income Based Repayment program should give married couples some relief from burdensome student loan debt payments.

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    Student loan - Debt - Financial services - Business - College Financing

  • Target's Contribution a Bullseye for Gay Boycott
    Target and Best Buy are both being criticized by loyal customers and gay rights activists for contributed campaign money to MN Forward, a group that is supporting Tom Emmer for the Minnesota gubernatorial race this November. Emmer is a staunch opposer of gay marriage.

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    Minnesota - Tom Emmer - BestBuy - Same-sex marriage - Gay Lesbian and Bisexual

  • Cuckoo for Cocoa, Magnet for Controversy
    Anthony Ward, a London cocoa trader, is said to be cornering the market, but fears of rising chocolate prices are overblown.

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    London - Chocolate - Cocoa bean - Cornering the market - Hedge fund

  • To Russia With Flub: Hayward's BP Blunders
    BP CEO Tony Hayward, who reportedly has agreed to leave his post, made his share of blunders before and after the spill in the Gulf of Mexico, and here are some of the worst.

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    Tony Hayward - BP - Gulf of Mexico - Oil spill - United States

  • America's Deadbeat Banks: Stiffing Uncle Sam
    Banks that took bail outs from taxpayers have skipped scheduled payments, the TARP Inspector General says.

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    Troubled Asset Relief Program - Business - Bail - United States - Financial Services

  • America's Best Recovering Cities
    The Lone Star state's major metro areas -- Austin, Dallas/Ft. Worth, Houston and San Antonio -- are all emerging from the recession better than their counterparts in many areas of the country.

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    Texas - San Antonio - Houston - United States - Business and Economy

  • PHOTOS: Tiger on Top... Still
    check out the rest of Sports Illustrated's Fortunate 50 (link) and watch the full story

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    Sports Illustrated - sport - Youth and High School - Recreation - Shopping

  • Chevron 2Q Income Triples on Higher Energy Prices
    Oil industry booms; Chevron Corp. 2Q earnings triples on higher fuel prices, refining margins

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    Chevron Corporation - Business - Energy - Petroleum industry - Oil and Gas

  • Recovery Loses Speed as Consumers Turn Cautious
    Recovery slows in second quarter to weakest pace in nearly a year as consumers turn cautious

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    Business - Real estate - Economics - Social Sciences - Forecasting and Consulting

  • Job and Cost Cuts Sends AEP Profits Down 57 Pct
    AEP earns $136 million in second quarter, down 57 percent as utility slashes jobs

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    American Electric Power - Business - Business and Economy - Electricity - Energy

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  • Merck's 2Q Net Drops on Higher Costs, Charges
    Despite big revenue jump, Merck posts big 2Q profit drop on higher costs, lower equity income

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    Merck - Business - Revenue - Allegedly Unethical Firms - Merck & Co

  • Stocks Drop After 2Q GDP Growth Slows
    Stocks retreat after second-quarter economic growth slows more than expected

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    Business - Gross domestic product - Stock - Investing - Stocks and Bonds

    •

    FOXNews.com
  • The Softer Side of Hardware
    Home Depot is testing a warm-and-fuzzy approach to selling hammers, lighting and garage doors that targets female shoppers.

  • Electronic Arts Buying Game Studios From Elevation
    Pandemic, BioWare to change ownership, join 'Madden' team.

  • Disney to Sell Mickey-Inspired Fruit, Veggie Products
    Disney plans to sell a line of products called Disney Garden.

  • Wikipedia Moving From Florida to San Francisco
    Online encyclopedia to move cross-country in January to hub of tech world.

  • Gas, Car Sales Fuel Retail Sales Growth
    Retailers' sales rose 0.6 percent last month and gasoline stations turned in their biggest jump in sales since May.

  • Oracle Makes $6.66 Billion Bid to Buy BEA Systems
    The business software maker confirmed today it offered BEA Systems $17 per share, a 25 percent premium over Thursday's closing price of $13.62.

  • AT&T CEO Stan Sigman To Retire
    AT&T Inc. said on Thursday that the head of its wireless unit, Stan Sigman, was retiring, and it appointed Ralph de la Vega as his successor.

  • State Treasurer Wants Probe of Countrywide CEO
    State Treasurer Richard Moore has asked the U.S. Securities and Exchange Commission to investigate the timing of stock sales made by the chief executive of mortgage lender Countrywide Financial Corp.

    •

    USATODAY.com Money News
  • Surprise: Sales of big SUVs surging faster than small cars
    "Subcompacts and small cars aren't the hot segments anymore," says George Magliano, director of auto forecasting for IHS Global Insight.




  • Economic growth slowed to 2.4% rate in second quarter
    U.S. economic growth slowed to a 2.4% annual rate in second quarter, weakest pace in nearly a year




  • Banks seek customers' help to stop online thieves
    For generations, U.S. consumers have relied on banks to bear the primary responsibility for keeping their hard-earned cash deposits out of the ...




  • College students may get break on textbook expenses
    College students will be able to shop around more for deals on textbooks, thanks to a new law that took effect this month.




  • Websites help patients compare prices for health care
    As Alan Grunberg neared 50, he knew he was going to need a colonoscopy, so he began shopping around to find the best place to get it done.




  • Hyundai profits -- and Sonata sales -- keep rolling
    Hyundai Motor reported today that global net income jumped 71% to $1.2 billion in the second quarter. The automaker also said it expects to beat ...




  • Stocks turn positive despite drop in 2Q GDP
    Stocks regained ground and turned positive even after the government said the economy grew at a slower pace than expected during the second ...




  • Investor fears outweigh stunning earnings gains
    Investors may be fretting over the chance of a double-dip recession, but companies' earnings are coming in with sprinkles on top.




  • Money management a difficult lesson for NFL's rookie class
    As they begin life in the NFL, rookies also can ponder sobering fine print that tempers the allure of becoming rich and famous. They could also ...




  • Merck's 2Q net income drops 52% on higher costs, charges
    Drugmaker Merck on Friday reported a 52% drop in second-quarter net income, due to big merger and restructuring charges and lower income from ...




  • Honda posts record profit, Mazda reduces loss
    Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese a ...




  • GE stock: It's good, but it's not the magic bullet
    Q: Is investing my retirement money in General Electric stock (GE) a good idea?




  • N.Y. attorney general opens probe of life insurance industry
    New York Attorney General Andrew M. Cuomo says his office has opened a "major fraud investigation" into the life insurance industry.




  • Cowardly Portfolio focuses on survival, not on getting rich
    The less diversification, the greater your chance of high returns, but the larger your range of outcomes. In uncertain times, you want survival. ...




  • New 2011 Volkswagen Jetta blasts its rivals off the road
    It's hard to overstate the importance of the new Jetta to Volkswagen in the U.S.







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