COMPANIES

Dollar rallies on debt deal, but downside risks seen

U.S. dollar notes are seen in this picture illustration
The dollar rallied against the yen and the Swiss franc on Monday as investors unwound safe-haven plays on expectations U.S. lawmakers would pass a deal to raise the country's borrowing limit, averting the risk of an immediate default.
A gold bar carrying the Euro sign

Gold falls 1 percent as Obama announces debt deal

Gold fell more than 1 percent on Monday after President Barack Obama said lawmakers had reached a deal to cut the country's deficit, which, if approved, would remove the threat of a default on debt that has driven bullion to a record high.
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SpaceX

SpaceX Preps for Nov Launch as Space Race Heats Up

Space Exploration Technologies, or simply SpaceX, and other private sector companies are vying to fill the void for transport to space after the U.S. government put the breaks on its own shuttle program.
The sign up page of Linkedin.com is seen in Singapore

Is it 1999 all over again for tech stocks?

I wasn't one of those people who lost a bunch of money when dot-com stocks blew up in 2000, but to be honest, that's because I didn't make a lot of money in the bubblicious run up, either.
Solar panels

After dismal second-quarter, solar outlook brightens

Solar investors should brace themselves for some downright dreadful second-quarter earnings reports in the coming weeks, though the rest of the year may provide some relief to battered solar stocks as panel prices stabilize and profit margins recover.
A GE logo

Construction begins on Sentinel natgas plant in California

Competitive Power Ventures Inc (CPV), GE Energy Financial Services and Diamond Generating Corp (DGC) began construction at their co-owned, 800-megawatt gas-fired CPV Sentinel Energy Center in Riverside County, California, the companies said in a release on Thursday.
Goldman Sachs

Goldman Sachs rates desk hemorrhages traders

More than a dozen traders have quit Goldman Sachs Group Inc's (GS.N) North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up.
  Nintendo Post Poor Quarterly Financial Performance: Analysts Question Veteran Games Makers Future

Nintendo Suffers Stock Plunge, Profits Lowest in 27 Years

The shares of Japanese videogame maker Nintendo fall by a massive margin of 20 percent after poor sales results of its new 3D capable games device forced the company to cut the price of the product and its annual profit target.
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James Murdoch confirmed as BSkyB chairman

James Murdoch was unanimously confirmed as chairman by BSkyB's board, winning a reprieve from a phone-hacking scandal that threatens to draw him into multiple investigations, two sources briefed on the board meeting told Reuters.
Runaway Millionaire on Trial

Steven Heavey to Leave St. George

St. George head of intermediary distribution Steven Heavey has announced his resignation, only days after his involvement in the launch of Westpac's re-organised Bank of Melbourne brand in Victoria.

Attorneys Resist Loughner's Forced Medication

Attorneys are again challenging a court order that came last week that would allow for the forced medication of Jared Lee Loughner as he awaits trial for a shooting rampage that left a congresswoman with brain damage, and six dead.
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Community Health profit tops forecasts, stock up

Community Health Systems Inc (CYH.N), the second-largest U.S. hospital operator, beat analysts' second-quarter earnings expectations on higher operating revenue, sending its shares up more than 6 percent in after-hours trading.
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Fortune tenders for $1 bln in debt

Fortune Brands Inc (FO.N) announced a tender offer on Thursday for up to $1 billion of debt using funds from the company's planned sale of its Acushnet golf business.

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