Business News - 21 September 2010

• Uganda's shilling eases versus dollar
  Tue, 21 Sep 2010 07:58:07 -0700
  Uganda's shilling UGX= eased versus the dollar on Tuesday, dragged lower by demand for the U.S. currency from the energy sector, traders said, pointing to a bearish outlook.
• Holiday season could lift RIM's stock: Trefis
  Tue, 21 Sep 2010 07:57:54 -0700
  The holiday season should help Research in Motion (RIM) sell more BlackBerry phones, and boost the company's growing presence in international markets, stock analysis firm Trefis said.
• S.Africa's ANC says wants a competitive rand currency
  Tue, 21 Sep 2010 07:57:19 -0700
  South Africa's ruling African National Congress wants a competitive currency that supported the economy in a balanced way, a senior party official said on Tuesday.
• Oil slips towards $74 ahead of Fed meeting
  Tue, 21 Sep 2010 07:53:15 -0700
  Oil fell towards $74 per barrel on Tuesday on concerns over the outlook for the global economy ahead of a key Federal Reserve meeting on U.S. monetary policy.
• Euro rises on debt auctions; dollar down before Fed
  Tue, 21 Sep 2010 07:51:37 -0700
  The euro rose against the dollar on Tuesday, helped by solid demand at sales of peripheral euro zone debt, while expectations that the U.S. Federal Reserve may consider additional monetary easing weighed on the greenback.
• Artificial Intelligence Goes Mobile
  Tue, 21 Sep 2010 07:51:17 -0700
  Some of technology's biggest companies are developing AI-related hardware and software to run on smartphones and tablets
• Google Uses AI to Make Search Smarter
  Tue, 21 Sep 2010 07:51:17 -0700
  
• Artificial Intelligence: More Real Than Ever
  Tue, 21 Sep 2010 07:51:17 -0700
  
• Understand All The Elements of Compensation To Get Your True Market Value
  Tue, 21 Sep 2010 07:42:43 -0700
  your compensation and your ability to earn it and increase it over time are your biggest assets.
• BofA could raise dividend next year: analysts
  Tue, 21 Sep 2010 07:41:32 -0700
  Bank of America Corp (BofA) could raise its dividend next year, analysts at RBC Capital Markets wrote in a note to clients, adding that fears over the company's capital levels "seem overblown".
• Alzheimer's disease to cost 1 pct of world's GDP in 2010: report
  Tue, 21 Sep 2010 07:41:09 -0700
  The report also estimates 35.6 million people with dementia in 2010, with the numbers nearly doubling every 20 years, to 65.7 million in 2030 and 115.4 million in 2050
• Fed to debate easing but seen holding off
  Tue, 21 Sep 2010 07:37:54 -0700
  WASHINGTON (Reuters) - The Federal Reserve on Tuesday resumed a debate on whether to pump billions of dollars more into the sluggish U.S. economy, but was likely to hold off to take further readings on the health of the recovery.

  
  

  
  
• BofA’s Moynihan Puts Ex-Colleagues in Strategic Posts
  Tue, 21 Sep 2010 07:37:00 -0700
  Bank of America Corp. Chief Executive Officer Brian Moynihan, who has promised to change the lender’s culture while retaining most of its senior leadership, has installed three former colleagues at FleetBoston Financial Inc. at influential posts.
• Putin Yield Curve Widens as 2016 Debt Sale Looms: Russia Credit
  Tue, 21 Sep 2010 07:36:00 -0700
  Russia’s costs to borrow over six years in local currency relative to three are climbing to the highest level since July 30 as the government seeks to sell 70 billion rubles ($2.3 billion) of securities tomorrow.
• Deficit Should Await Lower Jobless Rate, Durbin Says
  Tue, 21 Sep 2010 07:35:00 -0700
  Congress shouldn’t make cutting the federal deficit a greater priority than creating jobs until the U.S. unemployment rate falls to 9 percent or lower for at least half a year, the second-ranking Senate Democrat said in an interview.
• Vatican Expresses Surprise at Money-Laundering Probe
  Tue, 21 Sep 2010 07:34:00 -0700
  The Holy See said its financial transactions were transparent and expressed “surprise” after the Vatican Bank and its chairman Ettore Gotti Tedeschi were targeted for alleged violations of money-laundering laws.
• Wall Street slips on caution ahead of Fed meeting
  Tue, 21 Sep 2010 07:27:39 -0700
  NEW YORK (Reuters) - Stocks slipped on Tuesday as caution ahead of the Federal Reserve's monetary policy meeting overshadowed upbeat housing data.

  
  

  
  
• Twitter Hurt by Security Flaw After Site Is Attacked
  Tue, 21 Sep 2010 07:26:00 -0700
  Twitter Inc.’s website was affected by a security flaw that caused people to unwillingly resend messages posted by other users and directed them to third-party sites, including pornography.
• Payrolls Decrease in 36 U.S. States, Led by Michigan and Texas
  Tue, 21 Sep 2010 07:24:07 -0700
  Payrolls dropped in 36 U.S. states in August, led by Michigan, indicating the labor market will take time to rebound from the worst recession since the 1930s.
• Most European Stocks Rise as Ireland Sells Bonds; Nokia Falls
  Tue, 21 Sep 2010 07:24:01 -0700
  Most European stocks rose, sending the Stoxx Europe 600 Index to its level since April, as governments from Ireland to Spain sold bonds amid renewed concern that some nations will struggle to manage their debt.
• Stocks drift ahead of Fed
  Tue, 21 Sep 2010 07:22:12 -0700
  U.S. stocks slipped early Tuesday as investors waited to hear what the Federal Reserve would say about its monetary policies and if the central bank was planning any additional stimulus measures.
• Ireland's successful bond auction eases bailout fears
  Tue, 21 Sep 2010 07:20:33 -0700
  Ireland has successfully raised 1.5-billion euros (or almost $2-billion) through an auction of government bonds, suggesting some measure of investor confidence in the beleaguered Republic's economy and easing concerns that the country might need a bailout from the European Union (EU) or International Monetary Fund (IMF).
• Even rich folks need friends - on Facebook
  Tue, 21 Sep 2010 07:20:27 -0700
  Charles Schwab is trying for a younger investor, reaching out via Facebook and Twitter with its Schw
• Stocks decline slightly ahead of FOMC statement
  Tue, 21 Sep 2010 07:16:47 -0700
  US stocks declined slightly in early trade on Tuesday despite the better-than-expected housing data as investors and markets wait for the Federal Open Market Committee (FOMC) meeting results.
• India's fashion industry lures shoppers
  Tue, 21 Sep 2010 07:15:27 -0700
  India is hosting Lakmay fashion week, one of the clothing industry's best known events.
• ConAgra profit misses
  Tue, 21 Sep 2010 07:13:13 -0700
  NEW YORK (Reuters) - ConAgra Foods Inc reported lower-than-expected quarterly earnings and cut its full-year forecast, hurt by a price war and rising commodity costs, and its shares fell more than 4 percent.

  
  

  
  
• The Most Credible People On Earth? Cigarette Makers
  Tue, 21 Sep 2010 07:12:10 -0700
  Smokers who kept buying lights even after learning "the truth" can keep suing Philip Morris.
• Vivus Still Facing Rejection, For Now
  Tue, 21 Sep 2010 07:11:24 -0700
  Obesity drug developer Vivus posted results from a 2-year study of its combination weight loss pill
• Abbott to cut 3,000 jobs following Solvay deal
  Tue, 21 Sep 2010 07:09:26 -0700
  NEW YORK (Reuters) - Abbott Laboratories Inc plans to cut 3,000 jobs, or about 3 percent of its workforce, following its purchase of Solvay's pharmaceuticals business.

  
  

  
  
• Txt fast 2 win $100k - CNN
  Tue, 21 Sep 2010 07:09:20 -0700
  
• Homebuilders extend rally on 10 percent increase in starts
  Tue, 21 Sep 2010 07:06:50 -0700
  NEW YORK (Reuters) - Shares of major U.S. homebuilders rose on Tuesday on positive housing data, extending a rally that started Monday after the third-biggest builder, Lennar Corp , reported better-than-expected quarterly results.

  
  

  
  
• Security flaw hijacks Twitter links - CNN
  Tue, 21 Sep 2010 07:06:48 -0700
  Thousands of Twitter users have been hit by an apparent security flaw that can cause pornographic content to appear on the site unintentionally.
• New home construction surges
  Tue, 21 Sep 2010 07:04:35 -0700
  New home construction surged to the highest level in four months in August, a government report showed Tuesday.
• Miranda-Like Warnings To Independent Contractors?
  Tue, 21 Sep 2010 07:00:34 -0700
  Yes, you read correctly. Following up on my post September 17, White House Contractor vs. Employee:
• Are Companies Talking Too Much?
  Tue, 21 Sep 2010 06:52:47 -0700
  Listen in on a marketing team meeting this fall, and you're bound to hear plenty of conversation . .
• BHP's Potash bid seen running into next year
  Tue, 21 Sep 2010 06:45:31 -0700
  SYDNEY/SASKATOON (Reuters) - BHP Billiton's $39 billion battle to take control of Canada's Potash Corp is expected to drag on into next year after it failed to win immediate backing from Canadian authorities.

  
  

  
  
• Lehman looks to settle with Societe Generale
  Tue, 21 Sep 2010 06:38:50 -0700
  NEW YORK (Reuters) - Lehman Brothers Holdings Inc is seeking to settle a dispute with the New York branch of French bank Societe Generale and says if it is approved it could recover at least $445 million for a unit of the bankrupt investment firm.

  
  

  
  
• China's copper quest leads to junior Canadian miners
  Tue, 21 Sep 2010 06:37:01 -0700
  China, world's largest consumer of copper, is looking primarily at Canada to gain new resources of the red metal with their new found wealth, eager to gain new resources, and Government backing.
• Street Sways Ahead Of Fed
  Tue, 21 Sep 2010 06:35:00 -0700
  As central bank meets on monetary policy, traders react to housing data, earnings.
• Housing starts at 4-month high
  Tue, 21 Sep 2010 06:22:13 -0700
  WASHINGTON (Reuters) - Residential construction rose more than expected in August to a four-month high, suggesting the embattled housing market was starting to stabilize following the end of a homebuyer tax credit.

  
  

  
  
• IATA sees airline rebound this year, warns on 2011
  Tue, 21 Sep 2010 06:19:59 -0700
  SINGAPORE (Reuters) - Global airlines have sharply hiked their forecast for industry profits this year as recession fades -- but new capacity could cut profits as soon as 2011, the International Air Transport Association said on Tuesday.

  
  

  
  
• Govt in talks for BlackBerry email access - source
  Tue, 21 Sep 2010 06:10:38 -0700
  NEW DELHI (Reuters) - India is in talks with Research In Motion for access to BlackBerry corporate emails, a senior government source said on Tuesday, adding that its current access was only for the messenger services.
• Rupee off 4-month peak as importers buy dollars
  Tue, 21 Sep 2010 06:10:26 -0700
  MUMBAI (Reuters) - Tactical dollar buying by oil firms and importers dragged the Indian rupee lower from a four-month high on Tuesday, but gains in domestic shares and broad dollar weakness underpinned sentiment.
• Jet Airways, IBM ink 10-year IT deal for $62 mln
  Tue, 21 Sep 2010 06:00:38 -0700
  NEW DELHI (Reuters) - Jet Airways said on Tuesday it signed a ten-year business transformation and information technology services agreement with IBM for $62 million.
• IBM Isn't Sexy But It's Steady, And Cheap
  Tue, 21 Sep 2010 06:00:28 -0700
  The changes Big Blue has made over the last decade have boosted its profits and delivered a steady r