Business Headlines Breaking Business News latest RSS headlines - Big News Network.com U.S. stocks power ahead on employment news The Dow Jones rose more than 100 points Friday, the third day of gains for the key index. (Fri, 03 Sep 2010 15:45:40 -0400) Building firm to pay out in sexual harassment suit A $5.8 million sexual harassment settlement will be paid by a building maintenance firm in the US. (Fri, 03 Sep 2010 06:07:12 -0400) Larger Mini coming onto market The Mini family is about to get a new member with the upsized Countryman model. (Fri, 03 Sep 2010 06:00:14 -0400) Ford Mississippi told to make amends for accident A Mississippi court has heard that the Ford Motor Co will pay $130 million over an accident that occurred in a Ford Explorer. (Fri, 03 Sep 2010 05:55:12 -0400) Intelligent stamp goes on sale in UK Britain’s royal Mail has sold its first "intelligent" stamp. (Fri, 03 Sep 2010 05:57:49 -0400) French Railway may lose US tracks due to WWII role Holocaust survivors and the families in the US have objected strongly to a French Railway bid for high-Speed tracks in Florida, which will eventually connect Tampa and Orlando. (Thu, 02 Sep 2010 20:41:47 -0400) Gazprom profit lifted by bitter winter The cold winter in the first three months of the year has boosted the profits of Russia’s Gazprom. (Thu, 02 Sep 2010 20:38:29 -0400) Samsung unveils its iPad competitor Samsung has unveiled its likely competitor to the Apple iPad. (Thu, 02 Sep 2010 20:35:53 -0400) Apple reinvents iPod nano Apple has come up with a new iPod nano with a multi-touch interface. (Thu, 02 Sep 2010 20:34:03 -0400) Burger King probably for sale Talks with potential buyers have reportedly been held by Burger King, the American fast food chain. (Thu, 02 Sep 2010 20:43:54 -0400) American and British Airways bring frequent flyers together American Airlines, British Airways and Iberia have been discussing how they will work together now that European regulators have allowed them to integrate. (Thu, 02 Sep 2010 20:31:48 -0400) Jobs Report for August Gives Mixed Reading for U.S. Economy The August jobs report released Friday showed that the private sector added 67,000 jobs but jobless numbers still remain grim with the U.S. unemployment rate rising slightly to 9.6 percent. All the wh... (Fri, 03 Sep 2010 21:11:07 -0400) Employment data ease US fears of 'jobless recovery' Unusually bright news from the US labour market helped to dispel fears that the American economy may soon suffer a catastrophic relapse into recession. The monthly Department of Labour data published... (Fri, 03 Sep 2010 21:00:06 -0400) US stocks surge, investors upbeat over unemployment report jobs than expected.Private employers added 67,000 jobs last month, according to Labour Department statistics. It was the first increase in the unemployment rate in months, reflecting the fact that mor... (Fri, 03 Sep 2010 20:53:58 -0400) Give us our superstore or town revamp will falter TESCO warned community leaders that lengthy delays to the redevelopment of a town centre could have been avoided if it had been allowed to build its preferred option of a single giant superstore on th... (Fri, 03 Sep 2010 20:22:02 -0400) Give us our superstore or town revamp will falter TESCO warned community leaders that lengthy delays to the redevelopment of a town centre could have been avoided if it had been allowed to build its preferred option of a single giant superstore on th... (Fri, 03 Sep 2010 20:20:56 -0400) Don't deposit your money into Citigroup shares BOSTON (MarketWatch) -- A lot of investors, looking for bargains and rebounds in the market, seem to be confusing "too big to fail" with "so big they're safe." That seems to be why a number of pe... (Fri, 03 Sep 2010 20:10:51 -0400) Taxpayers likely to face initial loss on GM IPO-sources General Motors Co in the firstoffering of the automaker's stock, six people familiar withpreparations for the landmark IPO said. Subsequent offerings of the government's holdings may beprofitable depe... (Fri, 03 Sep 2010 20:09:50 -0400) For stocks, September starts on upbeat note By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks could start nextweek with investors feeling a bit more optimistic about theeconomy, thanks to a stronger-than-expected jobs report, makingfurt... (Fri, 03 Sep 2010 20:09:46 -0400) EXCLUSIVE-UPDATE 1-US tanker award date becomes more uncertain By Jim Wolf WASHINGTON (Reuters) - The target date for themuch-delayed award of a possible $50 billion U.S. Air Forcerefueling-plane deal just got murkier, and potentially morepoliticized. No longer i... (Fri, 03 Sep 2010 20:09:43 -0400) Foreign-Exchange Firm FXCM Files For IPO Of Up To $200 Million Foreign-exchange brokerage FXCM Inc. plans to sell up to an estimated $200 million in an initial public offering. The online provider of foreign-exchange trading and related services has more than 165... (Fri, 03 Sep 2010 20:09:41 -0400) Imperial shuts Nova Scotia refinery ahead of Earl CALGARY, Alberta (Reuters) - Imperial Oil Ltdsaid Friday it is shutting down its 82,000 barrel aday Dartmouth, Nova Scotia, refinery before the onslaught ofHurricane Earl, the first fuel plant on the ... (Fri, 03 Sep 2010 20:09:35 -0400) Andean Surges; Rival Gold Miners Woo Shareholders Dow Jones )- Andean Resources Ltd. (AND.T) has two suitors at its doorstep and there's good reason to believe the bidding is just getting started. Andean has reached a deal to be bought by Goldcorp In... (Fri, 03 Sep 2010 20:09:33 -0400) US grasp of Russia nukes may weaken, official warns By Susan Cornwell WASHINGTON (Reuters) - American knowledge ofRussia's nuclear capabilities will dwindle if a new nucleararms treaty with Moscow is not ratified, the chief U.S.negotiator argued as a S... (Fri, 03 Sep 2010 20:09:30 -0400) IPO VIEW-Skype may not light up IPO market -- analysts By Liana B. Baker NEW YORK (Reuters) - Skype, the Internet callingcompany, could have trouble getting top dollar in its initialpublic offering thanks to (Fri, 03 Sep 2010 20:09:28 -0400) Google settles Buzz privacy lawsuit Google Inc hassettled a lawsuit accusing it of privacy violations inconnection with its Buzz social networking service, accordingto a court document filed on Friday. The settlement filing comes on the... (Fri, 03 Sep 2010 20:09:25 -0400) EXCLUSIVE-US tanker award date may be pushed back again By Jim Wolf WASHINGTON (Reuters) - The target date for themuch-delayed award of a possible $50 billion U.S. Air Forcerefueling-plane deal just got murkier, and potentially morepoliticized. No longer i... (Fri, 03 Sep 2010 20:09:22 -0400) Duke Energy's Brazil Unit Seeks To Expand Beyond Hydro Power DUK ) Brazilian unit said Friday it is seeking authorization to change its company statute in order to expand beyond hydroelectric power generation. The company will ask Aneel, Brazil's electricity re... (Fri, 03 Sep 2010 20:09:18 -0400) CANADA STOCKS-TSX gains as fears ease after U.S. jobs data black Friday as astronger than expected U.S. employment report eased fears abouta sputtering recovery. Toronto followed U.S. equities higher after data showedU.S. nonfarm employment fell less than for... (Fri, 03 Sep 2010 20:09:13 -0400) METALS-Copper ends off 4-month high on weak services data (Recasts, updates prices, market activity to New York close, adds secondbyline, dateline, previously LONDON) By Selam Gebrekidan and Michael Taylor NEW YORK/ LONDON (Reuters) - U.S. copper finished wi... (Fri, 03 Sep 2010 20:09:06 -0400) China tells state companies to explore Potash bid * Blocking stake, rather than buyout, most likely strategy (Adds comments from IFFCO, legal shares) By Euan Rocha and Joseph Chaney TORONTO/HONG KONG (Reuters) - Chinese officials haveordered state co... (Fri, 03 Sep 2010 20:09:02 -0400) GLOBAL MARKETS-Stocks, commodities gain on labor market report Labor Department said non-farm payrolls fell 54,000 inAugust. Private employment, considered a better gauge of labormarket health than government hiring, added 67,000 jobs afteran upwardly revised 107... (Fri, 03 Sep 2010 20:08:56 -0400) COMMODITIES-Coffee, corn jump on supply; jobs data helps copper By Barani Krishnan NEW YORK (Reuters) - Agricultural markets soaredfor a second straight session Friday, with coffee hitting13-year highs and corn two-year peaks, as supply jitters jackedup prices of ... (Fri, 03 Sep 2010 20:08:51 -0400) Microsoft releases Windows Phone 7 to manufacturing released to manufacturing after more than 6 months of its development. The announcement outlined some of the changes in this version, and was generally positive about the milestone. The term "release... (Fri, 03 Sep 2010 20:08:36 -0400) Ex-Goldman programmer wins partial dismissal The defendant, Sergey Aleynikov, won the dismissal of one count, alleging unauthorized computer access, in a three-count indictment, in a ruling by U.S. District Judge Denise Cote in Manhattan. (Fri, 03 Sep 2010 20:06:59 -0400) Do stocks even matter anymore Well, did you enjoy the stock market in August? The worst U.S. stock market returns since that fun year of 2001 likely had you, like most investors, despondent about the future of equities. Large cash... (Fri, 03 Sep 2010 20:06:11 -0400) Smartphones still the kid in the hall ‘It’s back to app school,” declares Sidneyeve Matrix, a media professor at Queen’s University. “Highly customized mobile handsets are going to be the killer tool for back to school,” she p... (Fri, 03 Sep 2010 20:06:08 -0400) Shareholder groups urges rejection of Kinross-Red Back merger TORONTO -- The proposed US$7.1-billion merger between Kinross Gold Corp. and Red Back Mining Inc. has been rejected by proxy research firm Institutional Shareholder Services (ISS), which is worried ab... (Fri, 03 Sep 2010 20:06:05 -0400) Ex-Goldman programmer wins partial dismissal A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc computer programer of stealing proprietary computer code from the bank's lucrative high-frequency ... (Fri, 03 Sep 2010 20:05:59 -0400) We’re in a Bond Bubble NEW YORK - (Business Wire) Wall Street Media presents exclusive video with Todd Sullivan of http://ValuePlays.net with thoughts on why we will not see a double-dip recession because all of the major c... (Fri, 03 Sep 2010 20:05:18 -0400) McDonalds Flunks Burger Taste Ratings The Best and Worst Burger Joints A recent survey of Consumer Reports' subscribers finds that lesser-known fast food chains such as In-N-Out and Five Guys have better tasting hamburgers than McDonald's... (Fri, 03 Sep 2010 20:02:54 -0400) Obama to Launch New Economic Aid Package (AP) Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, including tax cuts and targeted spending, to... (Fri, 03 Sep 2010 20:02:46 -0400) Could Chat Transcripts Be Security Minefields Rite-Aid and Walgreens both announced pharmacist chat programs last month, they were the latest chains to try and use chat to get closer to their customers. But, ironically, the preservation of chat d... (Fri, 03 Sep 2010 20:02:42 -0400) Paris Hilton's Purse Twitpic Exposes Lie Facebook gets a new remote log out security feature, India demands that RIM, Google and Skype add a local server so the country can monitor communications, and finally infamous celebrity Paris Hilton ... (Fri, 03 Sep 2010 20:02:38 -0400) Drake University's "D+" Logo Earns Failing Grade (CBS/AP) A "D+" campaign logo aimed at encouraging recruitment at Drake University is getting a failing grade from some faculty, students and alumni. They say the logo is offensive, embarrassing an... (Fri, 03 Sep 2010 20:02:36 -0400) Best Time to Buy A Car Labor Day Weekend The next generation Ford Focus 4-door is introduced at the North American International Auto Show Monday, Jan. 11, 2010 in Detroit. Jarvis said dealerships need room for new models like this one, so t... (Fri, 03 Sep 2010 20:02:31 -0400) US Service Sector Sees Slowing Growth (AP) A trade group says the U.S. service sector, which provides most of jobs in the country, expanded for the eighth straight month in August, but the pace of growth slowed. The Institute for Suppl... (Fri, 03 Sep 2010 20:02:27 -0400) Dubai Police Chief Calls BlackBerry a Spy Tool (AP) Worries about spying by the U.S. and Israel spurred plans to sharply limit BlackBerry services in the United Arab Emirates, Dubai's police chief said in comments that suggest a tough line in talk... (Fri, 03 Sep 2010 20:02:21 -0400) Earl Threatens Cape Cod Shoreline Hurricane Earl, despite now having been downgraded to a Category 1 hurricane, continues to cause havoc along the East Coast for residents and business owners. Elaine Quijano reports. (Fri, 03 Sep 2010 20:02:10 -0400) Court Throws out $926 Million Rocky Flats Award A federal appeals court has thrown out a jury verdict and a $926 million award to thousands of Colorado homeowners in a lawsuit involving plutonium contamination from a now-defunct nuclear weapons pla... (Fri, 03 Sep 2010 19:59:05 -0400) Egg Noodles, Shell Eggs The following recalls have been announced: —Real Taste Noodle Manufacture of Chicago is recalling 5-pound bags of egg noodles, because they have the potential to be contaminated with salmonella, ... (Fri, 03 Sep 2010 19:59:03 -0400) Stocks have their first winning week in a month on stronger economic data NEW YORK - The stock market had its first winning week in a month after news on the economy started getting better. The Dow Jones industrial average jumped 128 points Friday, its fourth straight day ... (Fri, 03 Sep 2010 19:03:34 -0400) Duluth nurses set 1-day strike for Sept. 14 DULUTH, Minn. - The union for nurses at a Duluth hospital has set Sept. 14 as the date for a one-day strike. The Minnesota Nurses Association gave the SMDC/Essentia health system its 10-day notice of... (Fri, 03 Sep 2010 19:03:30 -0400) Hurricane Earl sideswipes NC's Outer Banks, then takes aim at New England; Cape Cod threatened CHATHAM, Mass. - A weakening but still dangerous Hurricane Earl steamed toward the gray-shingled cottages and fishing villages of Cape Cod on Friday, disrupting people's vacations on the unofficial f... (Fri, 03 Sep 2010 19:03:27 -0400) What now for Gulf Fire complicates drill debate Boats are seen spraying water on an oil and gas platform that exploded in the Gulf of Mexico, off the coast of Louisiana., Thursday, Sept. 2, 2010. All 13 crew members were rescued. (AP Photo/Gerald H... (Fri, 03 Sep 2010 19:01:18 -0400) Kodak settles race-based lawsuit ROCHESTER, N.Y. — A federal judge has approved Eastman Kodak Co.'s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored for pay a... (Fri, 03 Sep 2010 18:55:33 -0400) Take-Two shares move lower in late trade LOS ANGELES (MarketWatch) -- Shares of Take-Two Interactive Software Inc. lost ground late Friday, giving back a portion of their regular-session gains after the videogame publisher swung to a quarter... (Fri, 03 Sep 2010 18:52:53 -0400) Campbell Soup profit beats Wall Street but sales still light Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year would be below its long-term target as the world's largest soup company grapples with a we... (Fri, 03 Sep 2010 18:38:38 -0400) Asian stocks mostly higher ahead of US jobs data Tokyo closed up 0.57 percent, adding 51.29 points to 9,114.13 while Sydney gained 0.19 percent, or 8.5 points, to end at 4,541.2. Hong Kong rose 0.49 percent, or 102.58 points, to 20,971.50 and Shangh... (Fri, 03 Sep 2010 18:38:07 -0400) UPS Freighter-Crash Probe Under Way in UAE After Two Are Killed The Boeing Co. 747-400 was en route to Cologne, Germany, when it went down yesterday carrying two crew members, UPS said. Rescue workers recovered the bodies, the General Civil Aviation Authority said... (Fri, 03 Sep 2010 18:36:17 -0400) Kodak settles race-based lawsuit ROCHESTER, N.Y. — A federal judge has approved Eastman Kodak Co.'s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored for pay a... (Fri, 03 Sep 2010 18:24:35 -0400) Continental recalling furloughed pilots HOUSTON — Continental Airlines Inc. is recalling 132 pilots who were furloughed in 2008, saying it needs them to offset retirements and handle an increase in international flying. Continental... (Fri, 03 Sep 2010 18:24:33 -0400) Allegiance Bank Posts Stronger 2Q, Extends Private Placement Offering Allegiance Bank of North America said Friday it improved second-quarter earnings and extended its stock sale for another month as it continues to turn around the business. The Private Place Offering ... (Fri, 03 Sep 2010 17:58:14 -0400) American Eagle Outfitters Recalling Select Toddler Pants AEO ) 77kids brand is recalling select styles of toddler girls pants, jeans and shorts due to a potential choking hazard. The silver-colored slide closure located on the front-center of the waistband... (Fri, 03 Sep 2010 17:58:10 -0400) US STOCKS-Wall St rallies as jobs data spurs optimism Morningstar . Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions. This material may not be publ... (Fri, 03 Sep 2010 17:58:08 -0400) European Investment Bank Loans To Drop 18% On Year - President Dow Jones Newswires Friday. The European Investment Bank, or EIB, expects to extend total credits of EUR65 billion in 2010, down from EUR79 billion in 2009, EIB President Philippe Maystadt said. Mayst... (Fri, 03 Sep 2010 17:58:06 -0400) Oil eases on growth concerns, weaker storm (Recasts, updates with settlement prices, market activity) By Robert Gibbons NEW YORK (Reuters) - Oil prices eased Friday asweak U.S. services sector data revived concerns about slowingeconomic growth... (Fri, 03 Sep 2010 17:58:05 -0400) Apollo Group Plows Funds Into Compliance Amid Government Scrutiny APOL ) has spent more than $100 million on new phone-monitoring software and compliance staff, amid other moves, as it tries to clean up student recruitment practices and its image following a damagin... (Fri, 03 Sep 2010 17:58:02 -0400) US Bank Business Loans Up $200 Million In Latest Week Dow Jones )- U.S. banks' commercial and industrial loans increased $200 million to about $1.240 trillion in the week ended Aug. 25, the latest week for which data are available, the (Fri, 03 Sep 2010 17:57:59 -0400) Angola to overhaul tax regime to boost revenues LUANDA, Sept 3 (Reuters) - Angola's government will launch acomplete overhaul of its tax regime to improve collection andincrease revenues, Minister of State Carlos Feijo said onFriday. Feijo said man... (Fri, 03 Sep 2010 17:57:49 -0400) Fed Watchful On Move Toward Less-Standardized OTC Derivatives Wall Street banks move to devise more complex derivatives instruments aimed at circumventing new regulations for the market. Regulators are concerned that derivatives dealer banks could structure more... (Fri, 03 Sep 2010 17:57:45 -0400) US STOCKS-S&P 500 rides wave of optimism to best week in eight NEW YORK (Reuters) - The broad S&P 500 index closedits best week in eight Friday after recent economic data,including a stronger-than-expected (Fri, 03 Sep 2010 17:57:41 -0400) Madoff investors win $12.74 mln in Merkin case Bernard Madoff , were awarded $12.74 million by a panelof three arbitrators, court records show. The award to two New Jersey investment funds was disclosedin a filing Thursday with the New York State (Fri, 03 Sep 2010 17:57:36 -0400) Goldcorp eyes fresh luster for its treasure chest By Julie Gordon TORONTO (Reuters) - By adding Andean Resources to its growing bundle of acquisitions,Canada's Goldcorp will put itself in a solid position toachieve its goal of doubling bullion produc... (Fri, 03 Sep 2010 17:57:33 -0400) American Airlines August Traffic, Capacity Rise American Airlines rose 3.1% to 11.51 billion revenue passenger miles from 11.17 billion a year ago. A revenue passenger mile equals one passenger flown one mile. August capacity also increased by 3.2%... (Fri, 03 Sep 2010 17:57:29 -0400) UPS Cargo Plan Crashes in Dubai Dubai late in the evening Friday, the transportation company said in a statement, with two crew members on board. According to the Associated Press and other media reports, the (Fri, 03 Sep 2010 17:57:26 -0400) Madoff investors win $12.74 mln in Merkin case NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, co... (Fri, 03 Sep 2010 17:55:31 -0400) Madoff investors win US$12.74M in Merkin case NEW YORK -- Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded US$12.74 million by a panel of three arbitrators, court rec... (Fri, 03 Sep 2010 17:54:11 -0400) Citigroup, Bank of America, Wells Fargo and JP Morgan CHICAGO - (Business Wire) Today, Zacks Investment Ideas feature highlights Features: Citigroup (NYSE: C), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC) and JP Morgan Chase (NYSE: JPM). Bank St... (Fri, 03 Sep 2010 17:53:03 -0400) A Rise in Unemployment That Is "About Unchanged" For most Americans, the most important information in the monthly unemployment report is whether the jobless rate rose or fell, and by how much. The Labor Department seems to disagree — at least ... (Fri, 03 Sep 2010 17:47:11 -0400) Deal to Clean up LA-Area Nuclear Accident Site State and federal officials have announced an agreement to remove all radioactive contamination from a partial nuclear meltdown in 1959 at a rocket testing site just outside Los Angeles. Residents ... (Fri, 03 Sep 2010 17:47:04 -0400) Amazon has reduced the prices of its EC2 compute nodes by up to 19%, the second price cut this year. I was hoping there'd be a good cloud platform I could play with for $100 a year or so. Both EC2 and Azure seemed to run that much a month. Google is free for the volumes I'm talking about, but that's ... (Fri, 03 Sep 2010 17:41:58 -0400) Judge OKs Kodak's settlement of race-based lawsuit A federal judge has approved Eastman Kodak Co.'s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored for pay and promotion. (Fri, 03 Sep 2010 17:28:57 -0400) Harley, union reach proposed labor agreement MILWAUKEE - Harley-Davidson Inc. and its union leaders have reached a proposed labor agreement that would keep manufacturing operations and about 1,340 jobs in Wisconsin. The company declined to reve... (Fri, 03 Sep 2010 16:51:04 -0400) Harley, union agree on labor proposal that could help keep operations, 1,340 jobs in Wis. MILWAUKEE - Harley-Davidson Inc. and its union leaders have reached a proposed labor agreement that would keep manufacturing operations and about 1,340 jobs in Wisconsin. The company declined to rev... (Fri, 03 Sep 2010 16:50:58 -0400) Judge OKs Kodak's settlement of race-based lawsuit ROCHESTER, N.Y. -- A federal judge has approved Eastman Kodak Co.'s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored for pay and p... (Fri, 03 Sep 2010 16:40:36 -0400) Goldman to shutter principal strategies unit NEW YORK (MarketWatch) -- Goldman Sachs & Co. has decided to shutter its principal strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congr... (Fri, 03 Sep 2010 16:39:44 -0400) BP, Mariner Energy rise with energy stocks NEW YORK (MarketWatch) -- Energy stocks rose Friday on the heels of the monthly U.S. jobs report, while BP shares shrugged off the oil giant's disclosure that costs associated with the Deepwater Horiz... (Fri, 03 Sep 2010 16:39:41 -0400) Crocs steps back from the brink of business oblivion The sudden turnaround at Crocs Inc after management changes shows that the world never stopped loving its ugly – but comfy – plastic shoes. Photograph: Alex Segre/Rex Features (Fri, 03 Sep 2010 16:32:06 -0400) Wal-Mart Spends Money Now To Make More Later The current Trefis stock price estimate for Wal-Mart is $65.42 , about 28% higher than the current market price of around $50. Reasons for our bullish outlook include Wal-Mart’s rapid internatio... (Fri, 03 Sep 2010 16:31:07 -0400) H&R Block Climbs as CEO Says Mortgage Claims ‘Better’ Sept. 3 (Bloomberg) -- H&R Block Inc., the tax preparer whose stock slid 18 percent last month, told investors to ignore speculation that it faces a surge in costs tied to its defunct mortgage bus... (Fri, 03 Sep 2010 16:23:50 -0400) Medtronic to Seek ‘Opportunistic’ Deals, CEO Says Sept. 3 (Bloomberg) -- Medtronic Inc., the world’s largest heart-device maker, will be “opportunistic” in seeking acquisitions of as much as $1 billion to restore sales growth, Chair... (Fri, 03 Sep 2010 16:23:49 -0400) Petrobras Plans to Raise $75 Billion in Biggest Sale Sept. 3 (Bloomberg) -- Petroleo Brasileiro SA, Latin America’s largest company by market value, plans to raise as much as 129 billion reais ($75 billion) in the world’s largest share sale ... (Fri, 03 Sep 2010 16:23:48 -0400) Celldex Plunges After Pfizer Ends Cancer Vaccine Pact Sept. 3 (Bloomberg) -- Pfizer Inc. is pulling out of an agreement with Celldex Therapeutics Inc. to fund the development of an experimental brain tumor vaccine. Celldex shares fell the most in almost ... (Fri, 03 Sep 2010 16:23:46 -0400) Judge OKs Kodak's settlement of race-based lawsuit A federal judge has approved Eastman Kodak Co.'s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored for pay and promotion. (Fri, 03 Sep 2010 16:22:44 -0400) Judge OKs Kodak's Settlement Of Race-Based Lawsuit ROCHESTER, N.Y. (AP) ? A federal judge has approved Eastman Kodak Co.'s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored for... (Fri, 03 Sep 2010 16:17:27 -0400) 'India is a core strategic market for StanChart' Mumbai Marathon and the global economy. Excerpts: The US 10-year rate recently jumped from 2.5% to 8%. How do you explain this disconnect? Some economists are trying to explain imbalances which would ... (Fri, 03 Sep 2010 16:17:00 -0400) 'Infosys open to foreigner as chief' Narayana Murthy on Friday said the company is open to a foreigner becoming his successor. ''Well, given that we have a significant percentage of foreign holdings in Infosys, I don't think it should ma... (Fri, 03 Sep 2010 16:16:57 -0400) Truck rentals dip 5-7% in Aug, 1st fall in 9 mths truck rentals witnessed a fall by 5-7% on major trunk routes. Since October 2009, the truck rentals saw a cumulative rise of nearly 25%, before the decline in August. This fall is attributed to curtai... (Fri, 03 Sep 2010 16:16:54 -0400) Experts see trouble ahead for developed world Israeli President Shimon Peres, center, arrives for the ‘Intelligence on the World, Europe, and Italy’ economic forum, at Villa d’Este, in Cernobbio, on Lake Como, Italy, Friday. Experts at the ... (Fri, 03 Sep 2010 16:12:10 -0400)