Business - 23 September 2010

• Petrobras share sale easily oversubscribed: sources
  Thu, 23 Sep 2010 07:44:58 -0700
  SAO PAULO/NEW YORK (Reuters) - Brazilian state oil company Petrobras has received more than enough investor interest to sell all the shares in a massive offer worth up to $79 billion, two sources familiar with the situation told Reuters on Wednesday.

  
  

  
  
• S.Africa's ANC takes on strong rand, unemployment
  Thu, 23 Sep 2010 07:44:06 -0700
  South Africa's ruling African National Congress debated policies on Thursday to address a currency that is at 2-1/2-year highs and unemployment that affects at least one worker in four.
• Job hunting? Helping you negotiate the jobs market roller coaster
  Thu, 23 Sep 2010 07:39:34 -0700
  Louisa Peacock, the Telegraph's jobs editor, introduces our new careers advice column - essential for anyone looking for jobs or thinking about a career change.
• Blockbuster Files Bankruptcy After Online Rivals Gain
  Thu, 23 Sep 2010 07:38:00 -0700
  Blockbuster Inc., the world’s biggest movie-rental company, filed for bankruptcy after failing to adapt its storefront model to online technology pioneered by rivals such as Netflix Inc.
• Dubai to Seek $1 Billion From Bond Sale Next Week, Bankers Say
  Thu, 23 Sep 2010 07:37:09 -0700
  Dubai’s government will seek to raise about $1 billion next week from the sale of a five- to seven-year bond, said two bankers familiar with the plan.
• Stocks pare losses after housing report
  Thu, 23 Sep 2010 07:36:55 -0700
  A better-than-expected reading on the housing market helped U.S. stocks erase some losses, but a surprise jump in weekly jobless claims kept gains in check.
• Questor podcast: Money in your motor
  Thu, 23 Sep 2010 07:35:56 -0700
  Garry White: what to do about bid target tips and how to make money from cars.
• Obama Says World Must Provide Support for Mideast Peace Process
  Thu, 23 Sep 2010 07:35:47 -0700
  President Barack Obama told world leaders today that they must step forward to support the peace talks between Israel and the Palestinians or risk more years of conflict and bloodshed.
• Avis Increases Dollar Thrifty Offer to $1.52 Billion
  Thu, 23 Sep 2010 07:33:00 -0700
  Avis Budget Group Inc. increased its offer for Dollar Thrifty Automotive Group Inc. to $1.52 billion, topping a proposal from Hertz Global Holdings Inc. while declining to match its breakup fee.
• New Zealand Follows Scotland in Delaying Games Travel
  Thu, 23 Sep 2010 07:31:01 -0700
  New Zealand followed Scotland and Canada in delaying the arrival of its athletes into New Delhi for next month’s Commonwealth Games because their accommodation doesn’t meet hygiene or safety standards.
• Facebook founder to give $100 million to schools
  Thu, 23 Sep 2010 07:27:41 -0700
  One of America's richest, and youngest, is giving back.
• Blockbuster files for bankruptcy
  Thu, 23 Sep 2010 07:27:40 -0700
  NEW YORK (Reuters) - Video rental chain Blockbuster Inc filed for bankruptcy protection on Thursday after years of struggling to compete with online and mail-order movie services such as Netflix Inc.

  
  

  
  
• Existing home sales bounce back in August
  Thu, 23 Sep 2010 07:26:47 -0700
  Existing home sales bounced back in August after plunging in the previous month.
• Colombia President Santos Confirms Death of FARC’s No. 2 Leader
  Thu, 23 Sep 2010 07:26:07 -0700
  Colombian forces have killed the second-in-command of the country’s main rebel group, known as the FARC, President Juan Manuel Santos said in New York.
• Gold holds near record high on currency fears
  Thu, 23 Sep 2010 07:24:46 -0700
  LONDON (Reuters) - Gold held near record highs on Thursday, eyeing a breach of $1,300 an ounce, while silver flirted with 30-year peaks as the threat of currency devaluation lifted interest in the metals as a safe store of value.

  
  

  
  
• Test Drive: The Three-Wheeled Electric Aptera 2E
  Thu, 23 Sep 2010 07:23:48 -0700
  In which I test-drive the all-electric Aptera 2E on Manhattan's West Side Highway.
• Obama Makes Retail Sales Pitch to Defend Health-Care Overhaul
  Thu, 23 Sep 2010 07:22:20 -0700
  Six months after the enactment of President Barack Obama’s health-care overhaul, the job of selling the plan has moved from Washington to locales like a church basement one block north of Philadelphia’s city hall.
• Existing home sales rose in August
  Thu, 23 Sep 2010 07:22:15 -0700
  WASHINGTON (Reuters) - Existing home sales rose in August as housing markets struggled to stand unaided after the expiration of a popular tax credit for home buyers, but activity remained severely depressed from levels preceding the country's most severe downturn in modern history.

  
  

  
  
• Top 10 Money Fears And What To Do About Them
  Thu, 23 Sep 2010 07:20:00 -0700
  Our guide to the most common money concerns.
• Which Android carriers make the grade?
  Thu, 23 Sep 2010 07:18:23 -0700
  
• Humira to gain first-line patient share among biologics at Enbrel’s expense
  Thu, 23 Sep 2010 07:18:12 -0700
  Abbott’s Humira is likely to gain first-line patient share among biologics at the expense of Amgen/Stiefel/Pfizer’s Enbrel to treat psoriasis, said a report.
• Blockbuster files for bankruptcy
  Thu, 23 Sep 2010 07:18:08 -0700
  Blockbuster filed for bankruptcy Thursday in its latest attempt to overcome nearly $1 billion in debt.
• Amazon updates Kindle for Android
  Thu, 23 Sep 2010 07:17:57 -0700
  Amazon said it has added new features to its Kindle for Android app, the free application that lets readers around the world enjoy Kindle books on their Android-powered devices.
• How Will Newark Turn Zuckerberg's $100 Million Worth Of Facebook Shares Into Cash?
  Thu, 23 Sep 2010 07:12:36 -0700
  Zuckerberg gave Newark $100 million worth of Facebook stock. How will the city turn that into cash?
• Yuan tensions in focus as Obama meets China's Wen
  Thu, 23 Sep 2010 07:12:06 -0700
  NEW YORK (Reuters) - President Barack Obama meets Chinese Premier Wen Jiabao on Thursday as bilateral tensions rise over currency and trade, and just ahead of a critical Congressional vote that may aggravate the situation.

  
  

  
  
• Wall Street pares losses after home sales data
  Thu, 23 Sep 2010 07:11:17 -0700
  NEW YORK (Reuters) - Stocks slightly pared losses on Thursday after data showed home resales rose in August, even if activity remained severely depressed compared to pre-recession levels.

  
  

  
  
• France strike numbers in dispute
  Thu, 23 Sep 2010 07:03:42 -0700
  Hundreds of thousands of people rally in France against pension reforms - with the turnout figure a matter of fierce dispute.
• Pay Clawbacks Bring Tax Problems
  Thu, 23 Sep 2010 07:00:04 -0700
  "Giving back" may sound philanthropic, but repaying salary or a bonus when you are required to is an
• Growth In China For International Hotel Chains May Be Poised To Slow
  Thu, 23 Sep 2010 06:51:57 -0700
  China has been an expanding?market?for international hotel management chains such as?Marriott Intern
• US stocks decline in early trade
  Thu, 23 Sep 2010 06:45:08 -0700
  US stocks declined in early trade on Thursday as weaker than expected European economic data coupled with rise in weekly jobless claims weighed on the sentiment.
• Madoff Was Not Jeffry Picower's First Ponzi Scheme Experience
  Thu, 23 Sep 2010 06:44:32 -0700
  The Biggest Beneficiary of the Madoff Fraud Was a Victim of 1970s Ponzi schemer Adela Holzer
• What deflation? Prices are rising!
  Thu, 23 Sep 2010 06:42:42 -0700
  Deflation might be the economic buzzword right now, yet prices seem to be going up on everything from a cup of coffee to Dallas Cowboys tickets.
• Google profit view lifted at RBC Capital
  Thu, 23 Sep 2010 06:40:45 -0700
  The brokerage maintained its 'outperform' rating on shares of the internet search giant with a price target of $600.
• Angola on track
  Thu, 23 Sep 2010 06:39:04 -0700
  Railway gets Chinese makeover
• Susquehanna Spreads Bullishness Around Fertilizer Favorites
  Thu, 23 Sep 2010 06:35:00 -0700
  Firm puts out positive outlooks for a quartet of names in the space.
• BRIEF - ONGC says 2 discoveries notified to regulator
  Thu, 23 Sep 2010 06:30:46 -0700
  REUTERS - State-run Oil and Natural Gas Corp Ltd:
• Strides Arcolab launches up to $100 mln QIP
  Thu, 23 Sep 2010 06:30:36 -0700
  MUMBAI (Reuters) - Indian bulk drug maker Strides Arcolab on Thursday launched a share sale to institutions for raising up to $100 million, according to a term sheet seen by Reuters.
• India rejects Etisalat share transfer proposal
  Thu, 23 Sep 2010 06:30:26 -0700
  NEW DELHI (Reuters) - India has rejected a proposal to transfer shares from resident to non-resident in the India telecoms venture of UAE's Etisalat , a finance ministry statement said on Thursday, without citing a reason.
• Fatter Dividend Sweet As McDonald's Apple Pie
  Thu, 23 Sep 2010 06:29:27 -0700
  The 11% boost in the quarterly payout is another reminder of why we love the golden arches.
• P&G Is A Cash Cow That Finds It Hard To Grow
  Thu, 23 Sep 2010 06:29:01 -0700
  Procter & Gamble (PG) shares haven't gone much of anywhere over the last five years. The holdup,
• India, Germany hold huge potential for cooperation, says Pranab...
  Thu, 23 Sep 2010 06:25:29 -0700
  New Delhi, Sep.23 (ANI): Union Finance Minister Pranab Mukherjee said on Thursday that India and Germany hold tremendous potential for cooperation between them in various sectors including bio-technology, infrastructure development, telecom and health care among others.
• Wellink says on track for surcharges on top banks
  Thu, 23 Sep 2010 06:20:28 -0700
  SINGAPORE (Reuters) - Banking supervisors are on track to reach an agreement on additional capital rules for banks deemed "too big to fail", the chairman of the Basel Committee on Banking Supervision Nout Wellink said on Thursday.
• Biofuels demand set to surge, but supply deficits seen
  Thu, 23 Sep 2010 06:17:56 -0700
  Global biofuels demand is projected to grow by an impressive 133 percent by 2020, but the supply will be short by more than 32 billion liters over the same period.
• Macy's to increase temporary hires for holiday season
  Thu, 23 Sep 2010 06:15:25 -0700
  BANGALORE (Reuters) - Macy's Inc said it plans to hire about 65,000 seasonal staff for the holiday season -- a slight increase from previous years. The rise in hiring reflects Macy's expectation that same-store sales will grow 3-3.5 percent in the second half of fiscal 2010, the company said in a statement.

  
  

  
  
• India could be a market of over 4 billion passengers in near...
  Thu, 23 Sep 2010 06:04:47 -0700
  New Delhi, Sept.23 (ANI): There is tremendous potential for Indian aviation to grow, currently 42 million annual passengers fly domestically and 34 million internationally.