PostBias » Business

BP report blames itself, others for oil spill

Business News — Thu, 09 Sep 2010 02:12:21 +0000

By HARRY R. WEBER, MICHAEL KUNZELMAN and DINA CAPPIELLO
2010-09-08T20:35:47Z
NEW ORLEANS (AP) — BP took some of the blame for the Gulf oil disaster in an internal report issued Wednesday, acknowledging among other things that it misinterpreted a key pressure test of the well. But in a possible preview of its legal strategy, it also pointed the finger at its partners on the doomed rig….

BP report blames itself, others for oil spill

BP report today may shed light, spread blame

Consumers cut back on credit card use once again

Business News — Thu, 09 Sep 2010 02:12:12 +0000

By MARTIN CRUTSINGER
2010-09-08T21:49:28Z
WASHINGTON (AP) — Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound….

Consumers cut back on credit card use once again

Consumers cut back on credit card use again

Fed survey sees slower growth in East and Midwest

Business News — Thu, 09 Sep 2010 02:11:35 +0000

By JEANNINE AVERSA
2010-09-08T22:08:02Z
WASHINGTON (AP) — The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest….

  Fed survey sees slower growth in East and Midwest

  Fed survey sees slower growth in East and Midwest

  Fed survey sees slower growth in East and Midwest

Obama firm, won’t yield on tax hike for wealthiest

Business News — Thu, 09 Sep 2010 02:11:31 +0000

By JULIE PACE and TOM RAUM
2010-09-08T22:58:23Z
CLEVELAND (AP) — Politically weakened but refusing to bend, President Barack Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans, joining battle with Republicans – and some fellow Democrats – just two months before bruising midterm elections….

  Obama firm, won’t yield on tax hike for wealthiest

  Obama unveils more stimulus, tax breaks for business

  Obama unveils more stimulus, tax breaks for business

  Obama: U.S. can’t afford to extend tax cuts for rich

Obama backs company tax breaks

Business News — Thu, 09 Sep 2010 02:11:30 +0000

President Barack Obama is backing new company tax breaks in an attempt to regain the initiative as mid-term polls loom

Obama backs company tax breaks

Obama to back more business tax breaks

Google unveils ‘instant’ searches

Business News — Thu, 09 Sep 2010 02:11:25 +0000

Google speeds up its internet search engine by launching a new product, Google Instant, that displays results as soon as users type in queries.

  Google unveils ‘instant’ searches

  Google search accelerates with ‘instant’ results

  Google seeks to speed up Web searches

7-Eleven Makes Offer to Acquire Casey’s

Business News — Thu, 09 Sep 2010 02:11:20 +0000

Convenience store chain 7-Eleven has offered $40 a share, or $1.5 billion, to acquire smaller rival Casey’s General Stores.

7-Eleven Makes Offer to Acquire Casey’s

Report: 7-Eleven bids $2B for Casey’s General

Regulators Defend Citi Settlement

Business News — Thu, 09 Sep 2010 02:11:15 +0000

Securities regulators defended their proposed $75 million settlement with Citigroup, saying it “achieves a fair balance” between the interests of current shareholders and those harmed by the bank’s alleged failure to fully disclose its subprime-mortgage exposure.

Regulators Defend Citi Settlement

SEC says proposed Citi settlement is fair

CNN Shifts Focus to New Faces

Business News — Thu, 09 Sep 2010 02:11:09 +0000

As CNN reboots in an attempt to revive slumping ratings, the network tapped British TV host Piers Morgan to take over for Larry King, capping months of speculation about a key program in CNN’s lineup.

CNN Shifts Focus to New Faces

CNN taps Piers Morgan to fill Larry King slot

The world economy: Joy, pain and double dips

Business News — Thu, 09 Sep 2010 02:10:59 +0000

Fear of renewed recession in America is overblown; so is some of the optimism in the euro areaSELDOM does the United States look at Europe with economic envy. The past few weeks, however, have been one of those rare phases. Concern about America’s stumbling recovery has been rising, just as anxieties about the euro area’s economy have faded. The dollar is the weakling among rich-world currencies (see article). But Americans should take a little heart: it is too soon to despair about their economy. And Europeans should show a little caution: it is too soon to be sure that theirs is firmly back on its feet.Some forecasters believe that America’s disappointing GDP growth in the second quarter, 2.4% at an annualised rate, could be the start of a slide towards a second recession. One worry is jobs, or the lack of them. American business created only 71,000 in July, too few to match the growth in the population of those of working age and far too few to shorten the queue of unemployed noticeably. Unemployment is stuck at 9.5%, even though corporate America is flush with cash. Companies are still unhelpfully shy of hiring, preferring to squeeze yet more output from fewer people. …

  The world economy: Joy, pain and double dips

  Long-ago German bonds are worth billions to U.S. investors — maybe

  Stocks jump after relatively upbeat US jobs data

  Experts see trouble ahead for developed world

  Making Social Security less generous isn’t the answer

  China vows to boost imports, help world recovery

  Obama assails GOP, promotes new jobs program

  Dollar hits 15-year low vs yen, jumps vs euro

  Dollar just above 15-year low vs Japanese yen

  Bernanke: Recovery ‘less vigorous’ than expected but on track

  U.S. stocks rebound on better GDP report, Fed comments

  Obama promises new efforts to boost economy

  Fed leaders had varied views on August policy action

  Federal spending rises a record 16% in 2009, Census Bureau says

  Manufacturing rebound spurs biggest stock rally in months

  Chief economist calls on Congress to ‘finish the job of economic recovery’

  Not-so-dire jobs report gives stocks a boost

  Making Social Security less generous isn’t the answer

  World stocks rise on hopes that U.S. economy can avoid returning to recession

  More stimulus needed for economy: Geithner

  Schumpeter: Declining by degree

  Intellectual-property battles: Patent lather

  Online television: Hogging the remote

  Global rebalancing: The clock ticks

  Rebalancing economies: Hair-shirt economics

  The euro-area economy: Lemon aid

  Burgernomics: When the chips are down