COMPANIES

Blackout Probe Seeks California Market Information

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The group that oversees the power grid serving the Western United States has requested potentially sensitive market information as it investigates the Sept. 8 power outage that left 7 million people in the dark in California and Arizona, the California grid operator said on Wednesday.
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T-Mobile Joins Samsung in Fight Against Apple

Deutsche Telekom subsidiary T-Mobile USA has joined Samsung’s side in fighting a lawsuit by Apple to stop the sale Samsung telephones, saying that their fight could hurt carrier business.
A U.S. flag flies above Wells Fargo & Co headquarters in San Francisco

Merrill Hires from Wells Fargo, MSSB

Bank of America (BAC.N) Merrill Lynch has recruited three former Wells Fargo advisers and one former Morgan Stanley Smith Barney adviser to join its California, Connecticut and Wyoming offices, the firm said late on Monday.
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U.S. Finalizes Loan Aid for Two Solar Plants

The U.S. Energy Department finalized loan guarantees for two major solar projects on Wednesday, as the deadline loomed for the government's renewable-energy incentive program.
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Deadline for Auto Fuel Economy Proposal to Slip

The Obama administration will push back the release of the most ambitious proposal ever for automakers to improve fuel efficiency of their passenger cars, sport utility vehicles and pickups.
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Union claims Keystone XL's Canadian permit expired

Canada's energy regulator said on Wednesday it is looking into a complaint that TransCanada Corp's permit to build the Keystone XL oil pipeline within its own borders has expired, adding the prospect of more delays to a project environmentalists hope to block.
Report: Kindle Success Creates Big Room for Amazon Smartphone Next Year

Amazon Kindle Fire Threatens Netflix Too

Amazon rolled out its much anticipated Kindle Fire on Wednesday, its first fully fledged tablet computer posing a threat to Apple's iPad empire. But other players may also need to watch out.
Home price index hits record high in July

Home price index hits record high in July

Resale home prices rose to a record high in July, their eighth consecutive monthly gain, according to report on Wednesday that an analyst said signaled a gradual slowdown in a strong market.
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Feds Raid Imperial Holdings' Florida Offices

Federal investigators on Tuesday raided the Florida offices of Imperial Holdings Inc , a company that makes lump-sum payments on legal settlements and life insurance policies, the FBI said on Tuesday.
U.S. Housing Sector

Case-Shiller: Home Prices Rise for 4th Straight Month on Summer Buying

Home prices in the 20-city Case Shiller Index rose for the fourth straight month in July, but the operative phrase remains: let the buyer beware. Demand conditions in most major U.S. cities remains soft, and even though home prices are attractive now, price retrenchments are possible.
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Foxconn says fire at China plant extinguished

A fire at a plant belonging to Apple Inc supplier Foxconn Group in Shandong, eastern China, has been extinguished without casualties and there will be no impact on operations, said a spokesman for group's listed entity Hon Hai Precision Industry Co Ltd .
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Japan's Kobe Steel mulls sheet plant in China

Kobe Steel Ltd , Japan's No.4 steelmaker, said on Tuesday it was in talks with China's Anshan Iron and Steel Group to jointly build a plant for high-strength automotive steel sheets in China, in a bid to tap growing demand for lighter vehicles there.
Flag hangs on the wall of the JP Morgan company stall on the floor of the New York Stock Exchange in New York

JPMorgan Seeks to Move Lehman's $8.6 Billion Lawsuit

JPMorgan Chase & Co is asking to move to federal court a lawsuit from Lehman Brothers Holdings Inc accusing it of siphoning $8.6 billion from Lehman's estate in the days leading up to its record bankruptcy.
Riot police stand in front of the parliament during a rally in Athens

Eurozone Struggles to Stem Crisis; Obama Urges Action

Euro-zone officials are working to magnify the firepower of the region's rescue fund, European Central Bank policymakers said on Monday, while President Barack Obama piled on pressure for Europe to staunch a sovereign debt crisis that threatens the world economy.
U.S. Housing Sector

New Home Sales Fall to Six-Month Low - Housing's Summer of Discontent

U.S. new home sells fell in August to a 295,000-unit annual rate, the fourth straight monthly decline for the beleaguered sector. The slump means that housing is likely to be a drag on U.S. GDP for at least the next two quarters, perhaps for longer. New home prices are attractive, but potential buyers should tread carefully: they may drop in many markets.
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Cracking Down on Job-Candidate Credit Checks

Last week, the California legislature sent the governor a bill that would ban most employers from running credit checks on job applicants. If the governor signs the bill into law (which this web site tells us he’s likely to), California will become the biggest get yet for those pushing for such laws around the nation. Is this just what a country full of unemployed people with wrecked credit needs? Or is it, as HR managers have been hollering, a way of hindering them from finding good, upstandin...

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