Tires case shows Obama new U.S. marshal on trade
President Barack Obama's decision to restrict tire imports from China shows a more activist approach to enforcing rights Washington has negotiated in trade deals, as well as making good on a promise to labor groups that helped elect him.
Uninsured Americans hope reform brings health coverage
As debate rages on how to reform the U.S. healthcare system, many of the one in six Americans now without medical insurance are hoping that reform brings at least one thing -- affordable coverage.
World stocks at new 11-month high
World equities rose on Wednesday to new 11-month highs, after upbeat U.S. data boosted faith in an economic recovery, persuading more investors to sell their low-yield dollars to buy growth-oriented stocks and commodities.
U.S. growth in 2 percent range over near term: forecast
The U.S. economy will emerge from recession by growing more than 2 percent in the current and fourth quarters on a dramatic reversal in inventories, but growth next year will be tepid, a UCLA Anderson Forecast said on Wednesday.
Opera releases test version of new mobile browser
The world's top mobile browser maker, Norway's Opera Software, released on Wednesday a test version of its mobile browser, Mini 5, promising new features, easier usage and new design.
Oil near $71, sheds early losses on weak dollar
Oil shed early losses and hovered near $71 on Wednesday as the dollar's fall to one-year lows and Asian equities' climb to 2009 highs drew investors back to risky assets on brightening signs of a U.S. economic recovery.
Asian stocks hit 2009 highs
Asian shares swept to their highest levels for 2009 on Wednesday after upbeat U.S. economic news boosted riskier assets leveraged to global growth, while the U.S. dollar slipped to a one-year low.
Asian stocks hit 2009 highs, U.S. dollar slips
Asian shares hit their highest levels for 2009 on Wednesday after upbeat U.S. economic news gave riskier assets leveraged to global growth a boost, while the U.S. dollar slipped to a one-year low.
Daily Wrap Up - Sept 15
SEC's Options Tough; Adobe's Gamble; Lehman's Complaint
Cablevision rolls out interactive ads for viewers
New York cable TV operator Cablevision Systems Corp said on Tuesday it is rolling out a service to enable subscribers to interact with commercials by clicking on their remote controls.
Lehman: Barclays got $8.2 billion windfall from sale
Lehman Brothers Holdings Inc said on Tuesday that Barclays Capital Inc got a $8.2 billion windfall profit from excess assets it took control of in the fire sale of Lehman's U.S. brokerage business a year ago.
SEC has few options, none good, in BofA case
Stung by a federal judge's rejection of settlement efforts with Bank of America Corp, the U.S. Securities and Exchange Commission has a few ways to proceed in the case. None is good.
Oracle stops making computers with HP
Oracle Corp has ended a high-profile computer-building partnership with Hewlett-Packard Co as Oracle prepares to acquire Sun Microsystems Inc, a rival of HP.
Shanda Games looks to ride industry wave in IPO
Many people outside of China have never played the online video games operated by Shanda Games.
Adobe to buy Omniture for $1.8 billion
Adobe Systems Inc plans to pay $1.8 billion for fast-growing business software maker Omniture Inc as the maker of Photoshop and Acrobat looks to turn around declining sales.
The 63rd International Motor Show (IAA) to open on Sep. 17-27
The 63rd International Motor Show (IAA 2009) will officially opened by German Chancellor Merkel on September 17 and last for ten days amid the global economic downturn that has hit the automotive industry hard.
Daily Commentary - 16/09/2009
The Australian Dollar opens higher today at 0.8625 and is buoyed by improved risk sentiment after the release of stronger than expected U.S. economic data overnight.
Facebook says it's free cash flow positive
Facebook said the company has become free cash flow positive ahead of schedule and that the world's largest social networking site now has 300 million users.
Facebook says becomes free cash flow positive
Facebook said the company has become free cash flow positive ahead of schedule and that the social networking site now has 300 million users.
China & U.S. war over auto, chicken after tires
China has started investigation procedures on auto and chicken products originally produced in the United States, Yao Jian, spokesman with the Ministry of Commerce (MOC), told a press conference on Tuesday, adding to a string of trade disputes with Washington including a recent decision to raise tariffs on Chinese-made tires.
EU may force UK's Lloyds to sell Halifax - report
The European Commission may force Lloyds Banking Group to sell off all or part of its Halifax branch network as compensation for the billions of pounds of state aid the group has received, the London Times reported.
Citigroup/Citibank sells $5.0 bln in 3 parts
Citibank NA and Citigroup Funding Inc, units of Citigroup Inc, on Tuesday jointly sold $5.0 billion of debt in a three-part sale, said IFR, a Thomson Reuters service.
Macquarie betting big on Wall Street push
Macquarie Group Ltd, the Australian investment bank best known for privatizing public roads and airports, is making a big investment in Wall Street.
Blackstone sees real estate opportunities, deals
Private equity giant Blackstone Group is starting to see attractive opportunities in real estate again, after waiting on the sidelines for deals since 2007, its chief operating officer Tony James said on Tuesday.
Wall Street hits 2009 highs, led by materials
Stocks rose on Tuesday to 2009 highs after stronger manufacturing and retail sales data boosted commodity prices and shares of materials companies.
Obama calls Kanye West a 'Jackass'
President Barack Obama called Kanye West a jackass for what he did to country singer Taylor Swift at the VMA awards on Sunday.
Adobe to buy Omniture for $1.8 bln, a 24 pct premium
Adobe Systems Inc announced a $1.8 billion deal to buy business software maker Omniture Inc on Tuesday as it looks to counter falling sales from its Photoshop and Acrobat programs.
Bernanke says recession is very likely over
Federal Reserve Chairman Ben Bernanke said on Tuesday that the worst U.S. recession since the Great Depression was probably over, but the recovery would be slow and it would take time to create new jobs.
Silicon Laboratories raises Q3 outlook
Chipmaker Silicon Laboratories Inc raised its outlook for the third quarter, citing better-than-expected demand for both its broadcast audio and microcontroller unit (MCU) products.
Stanley Furniture sees Q3 loss widening sequentially
Stanley Furniture Co Inc expects a sequentially wider loss in its third quarter, hurt by lower sales and disruption caused by shifting its Young America products from off-shore sourcing to its own domestic manufacturing facilities.