Business News -30 September 2010

• BSE Sensex opens down at 0.01 pct
  Thu, 30 Sep 2010 09:24:56 -0700
  Indian share market opened down 0.01 percent at 19,931.49 points with maximum components declining.
• Jaguar launches new concept car
  Thu, 30 Sep 2010 08:22:02 -0700
  Jaguar goes hybrid and electric as it launches a new car at the Paris Motor Show.
• Intel Needs To Get A Grip On Smart Devices
  Thu, 30 Sep 2010 08:18:45 -0700
  Chipmaker Intel will have to move passed its dependency on PCs if it wants to see growth.
• Ireland faces "horrendous" bank bill, Spain downgraded
  Thu, 30 Sep 2010 08:14:24 -0700
  DUBLIN (Reuters) - Ireland disclosed a "horrendous" worst case price tag of over 50 billion euros ($68 billion) on Thursday for bailing out its distressed banks and said it would have to make more drastic budget savings.

  
  

  
  
• Brazil infrastructure-building offers attractive opportunities: PIMCO
  Thu, 30 Sep 2010 08:13:41 -0700
  Infrastructure-building in Brazil may offer attractive fixed-income investment opportunities. Brazil's growing economy creates the demand for infrastructure building and its government's solid fiscal position reduces the credit risk of fixed-income investments related to it.
• Autoshow: Carmakers see first signs of crisis easing
  Thu, 30 Sep 2010 08:11:22 -0700
  PARIS (Reuters) - Top carmakers let cautious optimism creep into their outlooks at the Paris Auto Show on Thursday, pinning hopes on emerging markets to dispel dark clouds over major western economies.

  
  

  
  
• US economic growth is revised up
  Thu, 30 Sep 2010 08:10:30 -0700
  The US economy grew at an annualised rate of 1.7% between April and June, figures show, up from a previous estimate of 1.6%.
• Rite Aid Sales Decline in September
  Thu, 30 Sep 2010 08:10:02 -0700
  Rite Aid (RAD) said today its same-store sales declined 0. 9% for the four-week period ended September
• Regulators start putting Volcker rule in place
  Thu, 30 Sep 2010 08:08:33 -0700
  WASHINGTON (Reuters) - U.S. regulators begin tackling two of the most contentious parts of financial reform this week as they try to convince lawmakers they can police Wall Street and prevent another financial crisis.

  
  

  
  
• US stocks advance on GDP, jobs data
  Thu, 30 Sep 2010 08:07:12 -0700
  US stocks advanced in early trade on Thursday following better-than-expected data on economic activity and initial jobless claims.
• Why Has Carlos Slim Not Agreed To The Buffett-Gates Pledge? Make Him A Better Offer
  Thu, 30 Sep 2010 08:05:38 -0700
  The richest man in the world has his own ideas about giving away money.
• BP boss expects new year dividend
  Thu, 30 Sep 2010 08:05:08 -0700
  BP may resume paying a dividend to shareholders in the new year, incoming chief executive Bob Dudley says.
• Congress Is Not Getting Tough On China
  Thu, 30 Sep 2010 08:05:06 -0700
  The vote against China's exchange rate policy is all election-year hot air.
• S.Africa's bonds weaken after PPI data
  Thu, 30 Sep 2010 08:04:00 -0700
  South Africa's government bonds weakened on Thursday after inflation data came in stronger than expected, prompting some dealers to trim their expectations for an interest rate cut.
• BP chief on new risk division
  Thu, 30 Sep 2010 08:03:48 -0700
  The new chief executive of BP, Robert Dudley, explains how he is going to revive the company's battered image
• S.Africa's August trade at 4.7 bln rand deficit
  Thu, 30 Sep 2010 08:03:31 -0700
  South Africa's trade account recorded a deficit of 4.7 billion rand in August compared with a 2 billion rand surplus in July, the South African Revenue Service said on Thursday.
• Ingrassia Sees More Optimism in Corporate Boardrooms
  Thu, 30 Sep 2010 07:58:00 -0700
  Corporate boards are more optimistic about prospects for the U.S. economy than the general public is, said Timothy J. Ingrassia, head of mergers and acquisitions in the Americas for Goldman Sachs Group Inc.
• Gates-Buffett Chinese tycoon dinner a 'success'
  Thu, 30 Sep 2010 07:57:35 -0700
  In the end, few Chinese tycoons could resist the rare opportunity to dine with Bill Gates and Warren Buffett in a chateau-style resort on the outskirts of the capital.
• J&J CEO faces lawmakers over string of recalls
  Thu, 30 Sep 2010 07:56:57 -0700
  WASHINGTON (Reuters) - Johnson & Johnson's massive recall of faulty medicines, including a quiet buyback of its Motrin painkiller, has angered U.S. lawmakers who will question the company's chief executive officer and a senior health regulator on Thursday.

  
  

  
  
• Questor podcast: Companies with cash
  Thu, 30 Sep 2010 07:55:10 -0700
  Garry White tells Robert Miller which groups he's investing in.
• More sites say goodbye to free content
  Thu, 30 Sep 2010 07:53:55 -0700
  Document-sharing site Scribd kicked up a firestorm this summer when it slapped a paywall around older content. Users protested loudly, both about the move itself and the lack of prior warning.
• America's highest property taxes
  Thu, 30 Sep 2010 07:51:58 -0700
  Suspicions confirmed: Homeowners in the Northeast pay the highest property taxes in the nation.
• Chrysler CEO Says Financials to Justify IPO in Second Half 2011
  Thu, 30 Sep 2010 07:51:04 -0700
  Chrysler Group LLC Chief Executive Officer Sergio Marchionne said financial performance next year at the automaker run by Fiat SpA will justify an initial public offering in the second half.
• Govt allows ban on sugar futures to lapse
  Thu, 30 Sep 2010 07:50:26 -0700
  MUMBAI (Reuters) - The government has allowed a ban on sugar futures to lapse on Thursday as the world's biggest consumer expects sharp recovery in the local output, the commodities market regulator said on Thursday.
• Heavy Rain, Wind Delay Flights on U.S. East Coast
  Thu, 30 Sep 2010 07:46:12 -0700
  The high wind and heavy rain that will blanket New York and much of the U.S. Northeast are tying up air traffic from Washington to New York, according to the Federal Aviation Administration.
• 30-day notice plan for bill rises
  Thu, 30 Sep 2010 07:45:58 -0700
  Customers could be told in advance about energy price rises rather than notification up to two months after the event.
• Orange and T-Mobile firm cut jobs
  Thu, 30 Sep 2010 07:40:19 -0700
  Everything Everywhere - the company formed by the UK merger of Orange and T-Mobile, is cutting 7.5% of its workforce.
• Indian, Chinese markets boost Kenya tea prices
  Thu, 30 Sep 2010 07:39:03 -0700
  Demand from the Indian and Chinese markets supported Kenya's tea prices in the first eight months of 2010, powering export earnings 51 percent higher than last year, the tea board said on Thursday.
• U.S. Stocks Advance as GDP, Jobless Claims Boost Optimism
  Thu, 30 Sep 2010 07:36:00 -0700
  U.S. stocks rose, with the Standard & Poor’s 500 Index building on its best September rally since 1939, after government data showed the economy grew more than estimated in the second quarter and jobless claims decreased more than forecast last week.
• U.S. 30-Year Mortgage Rate Declines to Record 4.32%
  Thu, 30 Sep 2010 07:34:00 -0700
  Mortgage rates for fixed 30-year U.S. loans dropped for the first time in four weeks, matching a record low, as housing demand remains depressed.
• India, Mozambique sign three pacts to strengthen partnership
  Thu, 30 Sep 2010 07:33:11 -0700
  New Delhi, Sep 30 (ANI): India and Mozambique inked three pacts on Thursday on avoidance of double taxation, cooperation in mineral resources and between middle and small enterprises to strengthen partnership between the two nations.
• Mattel's Fisher-Price to recall 10 million products
  Thu, 30 Sep 2010 07:32:42 -0700
  NEW YORK (Reuters) - Fisher-Price, a unit of toymaker Mattel Inc on Thursday said it will recall about 10 million toys and other items in the United States and Canada due to the potential for serious injuries.

  
  

  
  
• Vanguard dethrones Fidelity
  Thu, 30 Sep 2010 07:25:08 -0700
  
• Goldman's Tourre says SEC suit should be dismissed
  Thu, 30 Sep 2010 07:22:21 -0700
  NEW YORK (Reuters) - Fabrice Tourre, a central figure in a controversial Goldman Sachs Group Inc transaction, asked a judge to throw out a U.S. regulator's fraud lawsuit against him, 2-1/2 months after the bank settled its part of the case for $550 million.

  
  

  
  
• Schwarzenegger vs. Big Oil and The Billionaire Koch Brothers; Plus, John Paulson 'Insane'?
  Thu, 30 Sep 2010 07:18:12 -0700
  Governor Arnold Schwarzenegger is hammering the backers of an effort to suspend California?s l
• Business Books: "Insiders" designed failure for financial reform
  Thu, 30 Sep 2010 07:13:06 -0700
  NEW YORK (Reuters) - The bitterly fought overhaul of U.S. financial regulation is supposed to prevent another crisis. It won't, says respected finance professor and former trader Amar Bhide.

  
  

  
  
• A Moment Of Truth For Energy Sanctions
  Thu, 30 Sep 2010 07:09:01 -0700
  Can gasoline pressure stop Iran's bomb? We're about to find out
• UK house prices fall in most regions
  Thu, 30 Sep 2010 07:06:56 -0700
  House prices fell in nine out of thirteen UK regions in the third quarter as the pace of growth turned negative for the first time since May last year, the Nationwide said
• Wall Street rises further on more upbeat data
  Thu, 30 Sep 2010 07:04:53 -0700
  NEW YORK (Reuters) - Stocks rose further on Thursday, with the Dow and S&P 500 briefly up more than 1 percent after data showed U.S. Midwest business activity grew more than expected in September.

  
  

  
  
• Tyler Clementi Turned To A Gay Message Forum For Help Before His Suicide
  Thu, 30 Sep 2010 07:03:07 -0700
  It?s a tragic technological story heard round the world ? a college freshman?s Web
• AIG, U.S. agree on plan to pay back taxpayers
  Thu, 30 Sep 2010 06:48:34 -0700
  NEW YORK (Reuters) - American International Group Inc and the U.S. government laid out a plan for the insurer to repay its $182.3 billion taxpayer bailout, just over two years after it was rescued from the brink of collapse.

  
  

  
  
• Connecting Mobile to the Marketing Mix
  Thu, 30 Sep 2010 06:48:01 -0700
  Does your marketing mix include mobile? Mobile marketing is certainly getting plenty of attention th
• 'If the future is not occupying the minds of senior managers, what is?'
  Thu, 30 Sep 2010 06:38:01 -0700
  As part of setting out the stall of this blog ? the link between quality foresight and better
• Charting The Unstoppable Euro Rally
  Thu, 30 Sep 2010 06:35:00 -0700
  Actions by the Fed and Asian central banks could be bad news for euro exporters.
• Street Starts Higher, AIG Reveals Payment Plan
  Thu, 30 Sep 2010 06:35:00 -0700
  Insurer shares its playbook for paying back taxpayers. Traders brush off Irish bank bailout.