Business News - 27 September 2010

• BSE Sensex sees new high in opening trade
  Mon, 27 Sep 2010 09:34:03 -0700
  Indian shares moved up 0.62 percent or 124.54 points increased at 20,169.72 points on Monday's morning session.
• US stocks decline despite M&A deals
  Mon, 27 Sep 2010 08:11:24 -0700
  US stocks declined modestly in early trade on Monday despite a flurry of deals, as traders paused for breath after four straight weeks of gains.
• Southwest's Purchase of AirTran: It Had Little Choice
  Mon, 27 Sep 2010 08:10:27 -0700
  With the consolidation of the major carriers, Southwest Airlines no longer can afford to remain medium-sized, says Justin Bachman
• Huge Petrobras share offering raises concerns about government ownership
  Mon, 27 Sep 2010 08:09:05 -0700
  Petrobras has completed the buggest share offering in history to finance a massive oil exploration program; but some analysts are concerned about the Brazilian government's heavy hand in the company's operations.
• AirTran Gets Some Southwest Love
  Mon, 27 Sep 2010 08:05:00 -0700
  Airlines to combine in $1.4 billion deal that gives Southwest larger hold in Atlanta.
• Players in $500M mobile market
  Mon, 27 Sep 2010 08:03:31 -0700
  
• IMF backs coalition spending cuts
  Mon, 27 Sep 2010 08:01:55 -0700
  The International Monetary Fund says the UK economy is "on the mend" and backs government plans to cut spending.
• Bond funds: is it time to jump ship?
  Mon, 27 Sep 2010 08:01:44 -0700
  Bond funds are popular, but sector is a bubble waiting to burst, experts say
• U.S. poultry producers hit by Chinese tariff
  Mon, 27 Sep 2010 08:01:31 -0700
  The Chinese Ministry of Commerce announced Sunday that poultry imports from the U.S. will face steep tariffs, the latest salvo in an ongoing trade war between the two countries.
• Surprise! Blue collar jobs are back
  Mon, 27 Sep 2010 08:00:19 -0700
  As the labor market continues to struggle, one surprising bright spot stands out amid the list of battered industries -- factory jobs.
• Advertising Week 2010: Nielsen Introduces New Ad Measurement Tools
  Mon, 27 Sep 2010 08:00:15 -0700
  Marketing and advertising research company The Nielsen Group today announced that the development of
• Can anybody beat the iPad?
  Mon, 27 Sep 2010 07:59:59 -0700
  
• Wal-Mart Seeks to Enter Africa With $4.6 Billion Deal
  Mon, 27 Sep 2010 07:57:00 -0700
  Wal-Mart Stores Inc., the world’s largest retailer, plans to buy Massmart Holdings Ltd. in a transaction worth about $4.6 billion, entering Africa in its biggest deal in more than a decade.
• Taxpayers could profit on GM bailout
  Mon, 27 Sep 2010 07:56:06 -0700
  General Motor's value has gone from zero to more than $60 billion in just over a year. That might just be fast enough for U.S. taxpayers to start recouping their investment.
• An Apple a Day, Keeps a Reputation Crisis Away
  Mon, 27 Sep 2010 07:55:44 -0700
  A new Pew study reveals Apple as the most talked about company in technology news
• October Opportunity for GRATs and Family Loans
  Mon, 27 Sep 2010 07:55:33 -0700
  Estate planning strategies benefit from historically low interest rates.
• Where to invest if Israel strikes Iran
  Mon, 27 Sep 2010 07:54:44 -0700
  
• Savers 'dealing with debts first'
  Mon, 27 Sep 2010 07:53:31 -0700
  People are continuing to pay off debts rather than add to savings as interest rates remain low, according to new research.
• Siemens Sees ‘Satisfactory’ Profit in Fourth Quarter
  Mon, 27 Sep 2010 07:53:00 -0700
  Siemens AG, Europe’s largest engineering company, predicted an increase in fiscal fourth- quarter profit to “very satisfactory” levels as orders for industrial equipment rebound.
• U.S. approves Coca-Cola's buy of big bottler
  Mon, 27 Sep 2010 07:50:33 -0700
  WASHINGTON (Reuters) - Coca-Cola Co has won approval to buy the North American operations of its largest bottler on the condition that it creates a firewall to safeguard rival Dr Pepper Snapple Group's confidential business information, the Federal Trade Commission said on Monday.

  
  

  
  
• Hedge Funds Raise Diesel Bets on Europe Demand: Energy Markets
  Mon, 27 Sep 2010 07:50:00 -0700
  Hedge funds increased bets to the highest level in six weeks that diesel prices will climb as U.S. exports to Europe doubled for the industrial and transportation fuel.
• FBI Employees Cheated on Exam, U.S. Report Says
  Mon, 27 Sep 2010 07:49:00 -0700
  A “significant number” of FBI employees cheated on an exam related to domestic investigations, according to the Justice Department’s inspector general.
• Segway Company Owner Dies After Driving Off a Cliff
  Mon, 27 Sep 2010 07:47:00 -0700
  James Heselden, the millionaire owner of Segway Inc., died in an accident when he drove one of the company’s two-wheeled vehicles off a cliff and into a river, West Yorkshire police said today.
• 5 truths about health savings accounts
  Mon, 27 Sep 2010 07:44:51 -0700
  More companies are offering HSAs in which you can stash cash to cover your medical bills. Here's what you need to know before signing up.
• Unilever aims for big hair day with Alberto buy
  Mon, 27 Sep 2010 07:38:18 -0700
  LONDON (Reuters) - Consumer goods group Unilever Plc/NV will buy U.S. hair and skin care company Alberto Culver for $3.7 billion in the latest move to rebalance its portfolio toward higher growth lines.

  
  

  
  
• Bank regulators delay move on liquidation power
  Mon, 27 Sep 2010 07:34:25 -0700
  WASHINGTON (Reuters) - Banking regulators on Monday said they are delaying a proposal that would begin putting into place how the government would use its new authority to dismantle large, collapsing financial companies in order to buy more time to gather feedback.

  
  

  
  
• Auto's P&L problem
  Mon, 27 Sep 2010 07:33:35 -0700
  As the auto industry heads for Paris, two manufacturers show differing strategies to enhance the bot
• Nationwide clamps down on business accounts
  Mon, 27 Sep 2010 07:22:20 -0700
  Nationwide, the country's largest building society, has restricted banking services to 30,000 small businesses just as business leaders and the Government call for more competition in the market
• Wall Street slips after 4-week rally
  Mon, 27 Sep 2010 07:21:54 -0700
  NEW YORK (Reuters) - Stocks fell on Monday following four weeks of gains for Wall Street as fresh worries about euro zone debt offset optimism about market values after a flurry of M&A activity.

  
  

  
  
• Accused Madoff middleman Stanley Chais dies
  Mon, 27 Sep 2010 07:21:33 -0700
  NEW YORK (Reuters) - Stanley Chais, a Beverly Hills money manager for Hollywood's elite who was accused of recklessly plowing nearly $1 billion in client funds to Bernard Madoff, has died. He was 84.

  
  

  
  
• How Institutional Investors Should Step Up As Owners
  Mon, 27 Sep 2010 07:15:00 -0700
  Overhauling investment practices that reward short-term returns could benefit shareholders and the global economy.
• Early Decision: College Admission's Secret Handshake
  Mon, 27 Sep 2010 07:14:15 -0700
  "Pay me $25,000 and I'll tell you college admission's darkest secret." Far fetched?? Not at all, for
• Dendreon Foe Fails, But...
  Mon, 27 Sep 2010 07:12:17 -0700
  Good news for the biotech, but questions about the cost of its Provenge cancer vaccine aren't going
• Southwest expands presence with AirTran buy
  Mon, 27 Sep 2010 07:04:59 -0700
  WASHINGTON/CHICAGO (Reuters) - Southwest Airlines will purchase AirTran Holdings for $1.04 billion in cash and stock in a deal that will allow Southwest to expand its presence in major East Coast markets.

  
  

  
  
• The Anti-Obama, Pro Tea Party Stock Market
  Mon, 27 Sep 2010 07:03:25 -0700
  "Would you rather buy overpriced bonds than under priced stocks?"
• Don't Fear The Jobless Recovery
  Mon, 27 Sep 2010 07:00:00 -0700
  High unemployment makes the recovery seem hollow, but this is the norm, says Michael Feroli of JPMorgan Chase.
• How To Hide Your Face From Big Brother? Try Sunglasses
  Mon, 27 Sep 2010 06:55:36 -0700
  Biometrics specialist Alex Kilpatrick demos the dos and don'ts of beating facial recognition softwar
• From Cicada Fungus To MS Drug: How Big Will Novartis' New Pill Be?
  Mon, 27 Sep 2010 06:51:34 -0700
  Novartis will have to work fast to establish its new MS pill.
• Sluggish Start To Merger Monday
  Mon, 27 Sep 2010 06:45:00 -0700
  Dealmakers in focus with takeovers in airlines, retail and consumer product industries.
• Southwest enters Atlanta, challenges Delta with $1.4 bln AirTran deal
  Mon, 27 Sep 2010 06:34:58 -0700
  Southwest Airlines is entering Atlanta and to take on Delta Airlines, as it agreed to buy AirTran Holdings for about $1.4 billion in a cash and stock deal to boost its low-fare service.
• Warren Buffett, Bill Gates and China's Communist Party
  Mon, 27 Sep 2010 06:32:41 -0700
  Very often things aren?t what they appear to be in China.?This week?s?effort by Warren B
• Rupee surges past 45/dlr; further gains seen
  Mon, 27 Sep 2010 06:30:26 -0700
  MUMBAI (Reuters) - The Indian rupee breached the 45-per-dollar mark to reach a new four-and-half-month high on Monday, as large foreign investor interest in the domestic stock market amid a clutch of initial public offerings (IPOs) boosted sentiment.
• Digital music sales flat this year: Nielsen
  Mon, 27 Sep 2010 06:09:56 -0700
  LONDON (Reuters) - The rapid rise of digital music sales has stalled in the United States, the world's biggest and most important market, with sales in the first half of 2010 flat compared with a year before.

  
  

  
  
• Susquehanna Financial cuts profit view of top US banks
  Mon, 27 Sep 2010 06:05:21 -0700
  Susquehanna Financial cut its profit estimates for leading US banks on weaker trading volume and lower investment banking fees.
• Oxfam's Dame Barbara Stocking: Challenges to being humankind in a hungry world
  Mon, 27 Sep 2010 05:12:20 -0700
  The Oxfam chief executive says food shortages, climate change and a faltering recovery means the charity needs the support of donors and business even more.