Business News

Stocks set for best week in six as fear eases (Reuters)
2 hours ago
Reuters - Wall Street was set to close its best week in six on Friday after economic data, including a stronger-than-expected labor market report, helped soothe fears the economy could fall back into recession.


Payrolls data offer ray of hope for recovery (Reuters)
4 hours ago
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.


Campbell Soup profit beats Street but sales light (Reuters)
7 hours ago
Reuters - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.


Obama says to address new economic ideas next week (Reuters)
5 hours ago
Reuters - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.

Walgreen same-store sales miss expectations (Reuters)
8 hours ago
Reuters - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.

Ex-hedge fund manager charged with insider trading (Reuters)
1 Sep 2010 at 1:15pm
Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc.

White House: August jobs report reassuring (Reuters)
7 hours ago
Reuters - The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of "unsettling" economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring.


Campbell reports Q4 profit rise on better margins (AP)
3 hours ago
AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.


Experts see trouble ahead for developed world (AP)
4 hours ago
AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.

MGIC added $1.2B in mortgage coverage in August (AP)
2 hours ago
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.


Spending cuts before 2011 could hurt recovery: IMF, ILO (AFP)
3 hours ago
AFP - The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.

Walgreen August same-store sales rise 2.1 percent (AP)
5 hours ago
AP - Walgreen Co. reported same-store-sales rose 2.1 percent for August on Friday, just shy of Wall Street estimates.

Mo. drops appeal of real estate ballot measure (AP)
5 hours ago
AP - An initiative barring taxes on home and land sales is clear to appear on Missouri's ballot after the state dropped an appeal Friday of a judge's decision ordering the election.


BP: Failed blowout preventer removed from well (AP)
Posted 1 hours ago
AP - BP PLC said the blowout preventer that failed to stop oil from spewing into the Gulf of Mexico was removed from the company's well on Friday afternoon.

Stranded actor Paul Hogan in Australia tax deal (Reuters)
4 hours ago
Reuters - Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday.

Court reinstates markup law for Wisconsin gasoline (AP)
3 hours ago
AP - A federal appeals court on Friday reinstated Wisconsin's 71-year-old minimum markup law on gasoline, a decision that could save some jobs but increase the cost of gas.

Crafting a Career in Eco-Chic Jewelry (BusinessWeek)
9 hours ago
BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama.