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Stock futures point to weaker Wall St (Reuters)
Wed, 08 Sep 2010 08:57:07 GMT

Traders work on the floor of the New York Stock Exchange, August 30, 2010. REUTERS/Brendan McDermidReuters - LONDON (Reuters) Stock index futures pointed to a slightly lower opening for U.S. shares on Wednesday, extending a decline from the previous session, as worries about the financial health of the euro zone's banks resurfaced. * At 0841 GMT futures for the Dow Jones, S&P 500 and Nasdaq were down between 0.1 and 0.2 percent.


BP set to publish report on oil spill rig blast (Reuters)
Wed, 08 Sep 2010 09:47:48 GMT
Reuters - BP is due to release its internal investigation into what caused a rig blast that led to the United States' worst ever oil spill on Wednesday and investors will be looking for clues as to whether BP will be able to fend off accusations of gross negligence.
HP sues to stop ex-CEO Hurd joining Oracle (Reuters)
Tue, 07 Sep 2010 23:39:50 GMT

US computer titan Hewlett-Packard filed a complaint against former chief executive Mark Hurd, pictured in 2007, on Tuesday, a day after he was named a co-president at US business software giant Oracle.(AFP/Getty Images/File/Justin Sullivan)Reuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."


Obama pitches road spending, tax incentives in Ohio (Reuters)
Wed, 08 Sep 2010 10:03:43 GMT

President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010. REUTERS/Larry DowningReuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.


Japan's intervention hints fail to halt yen (Reuters)
Wed, 08 Sep 2010 09:07:10 GMT

A man using a mobile phone stands in front of an electronic board displaying the exchange rate between the U.S. dollar and Japanese yen at a business district in Tokyo September 7, 2010. REUTERS/Toru HanaiReuters - Japan's finance minister acknowledged currency intervention is an option for the first time since the yen began rising in May, and a candidate to become prime minister sanctioned solo intervention as the yen jumped to a 15-year high versus the dollar.


SEC's Schapiro: "Flash crash" report expected by month end (Reuters)
Tue, 07 Sep 2010 15:58:20 GMT
Reuters - The top U.S. securities regulator said on Tuesday that the follow-up report on what might have caused the May "flash crash" is expected by the end of September.
Summary Box: Worried investors turn to gold (AP)
Tue, 07 Sep 2010 20:01:05 GMT
AP - SEEKING SAFETY: Gold settled at a record high Tuesday as more worries resurfaced about European banks and the global economy.
Flow International posts small 1Q loss (AP)
Tue, 07 Sep 2010 23:15:31 GMT
AP - Flow International Corp., a maker of industrial waterjet machines for cutting and cleaning, nearly washed away a first-quarter loss.
Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)
Wed, 08 Sep 2010 08:30:00 GMT
Time.com - A trio of financial sheriffs will oversee finance in the entire European market
Bullish or Bearish? The World's Greatest Investors Debate. (The Motley Fool)
Tue, 07 Sep 2010 19:47:20 GMT
The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.
Gold settles at record high amid economic fears (AP)
Tue, 07 Sep 2010 20:00:00 GMT
AP - Gold prices settled at a record high Tuesday following renewed worries about European banks and the global economy.
Digital River buys Journey Education Marketing (AP)
Tue, 07 Sep 2010 18:18:01 GMT
AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.
Gov't launches plan to help "underwater" borrowers (AP)
Tue, 07 Sep 2010 20:41:58 GMT

In this Aug. 8, 2010 photo shows a foreclosure sign in front of a home in Los Angeles, Calif. The Obama administration is trying to jump-start its sputtering plan to tackle the foreclosure crisis with an effort to assist up to 1.5 million homeowners who owe more on their properties than their homes are worth. (AP Photo/Paul Sakuma)AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.


BP probe to spread blame for spill: report (Reuters)
Wed, 08 Sep 2010 09:19:22 GMT

A logo is seen at a BP fuel station in London July 27, 2010. REUTERS/Toby MelvilleReuters - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.


Abstinent Mormon farmers grow barley for beer (AP)
Wed, 08 Sep 2010 07:25:21 GMT
AP - Idaho Sen. Mike Crapo might seem like an unlikely person to be pushing a bill to cut federal taxes on small beer-makers: A member of The Church of Jesus Christ of Latter-day Saints, he abstains from alcohol.
Post-holiday pump prices should slide (AP)
Tue, 07 Sep 2010 20:23:13 GMT

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Motorists should see pump prices slide again after spending a little more to fill their tanks over the Labor Day weekend.


The Treasury's New Research Office (BusinessWeek)
Tue, 07 Sep 2010 12:08:41 GMT
BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...