Money & Business - Friday, 30th July 2010 
 | Citigroup pays $US75m to settle subprime case | | | Citigroup has agreed to pay a $US75 million ($A84.2 million) fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the US Securities and Exchange Commission... |
| Best Buy to offer faster mobile broadband | | | Best Buy is once again extending its reach into the wireless broadband market, hoping to give customers one-stop shopping for services that connect laptops and netbooks. The Richfield-based company... |
| US stocks fall on poor earnings | | | Dow Jones Industrial Average fell 30.72 points, or 0.29 per cent, to close at 10,467.16. The broader Standard and Poor's 500 Index dropped 4.6 points, or 0.42 per cent, to 1,101.53. The... |
| We gave $169 billion to investors, more to come | | | The most jaw-dropping number of the day: $169 billion is how much Microsoft has returned to shareholders over the last 10 years through dividends and stock buybacks. That was a closing note from... |
| Treasurys mixed on economic data | | | TREASURYS MIXED: The prices of the 10-year note and 30-year bond slipped, while prices for two-, and five- and seven- year notes were higher. TREASURY AUCTIONS: The Treasury Department auctioned $29... |
| Toxic assets from AIG gaining value | | | WASHINGTON — Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said... |
| Court keeps English muffin secrets from rival | | | PHILADELPHIA — A food-industry executive armed with the secret to the "nooks and crannies" in Thomas' English muffins can't work for a rival amid a trade-secret lawsuit. The U.S. appeals... |
| Back-to-school buying lessons for children | | | NEW YORK — Shopping for back-to-school items for your elementary school children, but afraid of a fight in the jeans aisle? Parents who hope to keep a lid on spending can soften the edge by... |
| US stocks erase early gains | | | US stock markets ebbed today, reversing early gains garnered from news of an unexpected fall in jobless claims and solid company earnings. |
| Chiquita Posts 2Q Beat | | | CQB ) saw adjusted earnings and revenue slide compared to the year-ago quarter, but the results still handily topped expectations. The company credited a return to profitability in Europe and a... |
| UPDATE 2-Google says China Web search blocked | | | 2010 * Google website says China search service blocked * Search previously listed as partially blocked in China * Google's mobile and ad service also blocked * Google images, news... |
| BNP hires ex BofA executive Innes for equity sales | | | Innes will oversee sales for the Americas for stocks, equity derivatives, prime brokerage and convertibles, the source said. His position was previously held by Aaron Ford, who resigned last week.... |
| Lawsuits urge Casey's to deal with Couche-Tard | | | MONTREAL – Casey’s General Stores Inc. is facing three lawsuits related to a takeover offer by Alimentation Couche-Tard Inc. as investors demand the Iowa-based corner store chain abandon its... |
| TSX positive at end of topsy-turvy day | | | After some fluctuations over the day, the Toronto Stock Exchange ended in positive territory Thursday as Canadian earnings reports painted a mixed picture and U.S. data showed a job market still... |
| Tootsie Roll's 2Q earnings not so sweet | | | Tootsie Roll Industries Inc., the Chicago-based candy maker, said its second quarter profit fell 18 percent, reflecting rising costs of distribution and ingredients — in particular, sugar. The... |
| Bank of Arizona parent posts record earnings | | | ... reported record earnings of $64 million for the second quarter. The Tulsa, Okla.-based financial services company’s earnings were $60.1 million during the same period in 2009. Net income for... |
| McAfee 2Q Profit Rises | | | Computer-security software maker McAfee Inc. said Thursday that its second-quarter profit rose 38 percent, helped by growth in its corporate and consumer businesses. For the April-June period... |
| Activists Appeal Purdue Coal Power Unit Permit | | | Two environmental groups that oppose Purdue University's plans for a new coal-fired power unit challenged the school's air permit Thursday in an appeal that says regulators failed to fully assess how... |
| RealNetworks' 2Q Loss Narrows | | | RealNetworks Inc. said Thursday that its second-quarter loss narrowed even though its revenue fell because last year's second quarter included a large charge reflecting the declining value of its... |
| PMI Group Narrows Loss, but Shares Tumble | | | PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent. PMI... |
| Exxon Mobil, Colgate-Palmolive among big movers | | | NYSEAmeriprise Financial Inc., up $4.70 at $42.98The investment manager's purchase of a Bank of America asset management unit helped drive net income higher in its second quarter.Exxon Mobil Corp.... |
| Big earners are still safe in their glass towers | | | ... watchdog gets tough on City bonus culture . EU-inspired crackdown to catch 2,500 firms in the Square Mile. New rules go far beyond anything imposed on Wall Street. These sentences are designed to... |
| Amgen Earnings Rise 7%, Beat Analysts' Expectations | | | ... reported a 7 percent increase in adjusted profit that topped Wall Street forecasts, although sales of some of its most important products fell short of Wall Street estimates and the company slightly... |
| Nvidia's Earnings Warning Could Signal Chip Glut | | | Some analysts actually argue Intel could gain from Nvidia's pain—especially if there is a shift to the kind of integrated chipsets Intel makes.) My take: You can slice these numbers anyway, but... |
| Barrick Gold, Thomson Reuters, TransCanada | | | Canadian earnings declared Thursday as of 5 p.m. ET: AltaGas Ltd. (TSX:ALA): Three months 2010, $28,400,000, $0.35 a share; 2009, $36,900,000, $0.46 a share. Revenue: 2010... |
| Franklin Resources earnings rise 21% in Q2 | | | ... earned $360.5 million in the second quarter, up 21 percent from $297.7 million the year earlier period. In the first half, the investment company earned $1.1 billion, up from $529.4 million in the... |
| Franklin Resources earnings rise 21% in Q2 | | | ... earned $360.5 million in the second quarter, up 21 percent from $297.7 million the year earlier period. In the first half, the investment company earned $1.1 billion, up from $529.4 million in the... |
| Flying to Europe with more than a bag Pay extra | | | NEW DELHI: Passengers flying between India and US on American carriers aren't the only ones who need to pay extra for checking-in more than one bag. Now flying to Europe will also render similar ... |
| NTC starts land e-auction, eyes Rs 5,000cr | | | NEW DELHI: National Textiles Corporation is expecting to raise over Rs 5,000 crore from sale of about 55 acres of surplus land in Mumbai in the ongoing fiscal, textile minister Dayanidhi Maran... |
| Noel being groomed to head Tatas | | | In what could possibly be seen as a build up to the speculation that Noel Naval Tata may eventually succeed Ratan Tata, his half brother, as chairman of the $72 billion Tata empire, Noel ... |
| Noel's entry in board to usher in clarity | | | A few months ago, Noel was inducted on the board of the company, which was earlier known as Tata Exports. After the exit of Sudhir Deoras as MD in 2006, Tata International did not have ... |
| 'Every brand to track environmental impact' | | | It's a paradigm shift that is taking place at leading consumer products company, Hindustan Unilever, in the manner in which it scrutinizes every new product launch or relaunch. With ... |
| Security standoffs to hit telecom users | | | NEW DELHI: Telecom consumers are soon likely to find themselves in the middle of a government-industry face-off over security issues, with the entire telecom value chain now under the security ... |
| GM will apply in August to file IPO | | | DETROIT — General Motors Co. will file paperwork in mid-August to start the process of selling stock to the public, the head of the United Auto Workers union said Thursday. President Bob... |
|
|
