Business News

Curbing derivatives might hurt, not help, Greece (AP)
Posted 1 hours ago
AP - Derivatives have become a dirty word.


Feds to probe cause of runaway Prius in California (AP)
4 hours ago
AP - The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.


Asia markets little changed as China exports surge (AP)
Posted 1 hours ago
AP - Asian stock markets were little changed Wednesday even as surging Chinese exports pointed to a pickup in global trade.


Oil hovers above $81 amid mixed US inventory data (AP)
Posted 1 hours ago
AP - Oil prices hovered above $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.

Kan. mulling new soda tax, raising other levies (AP)
7 hours ago
AP - Kansas would impose a new tax on soda — a penny for every teaspoon of sugar — under a proposal that a key legislator outlined Tuesday while lawmakers considered raising taxes to erase a projected budget shortfall.


Bank of America ends overdraft fees on debit cards (AP)
Posted 1 hours ago
AP - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.

A look at global economic developments (AP)
13 hours ago
AP - A look at economic developments and activity in major stock markets around the world Tuesday:


W.House's Romer: Too soon for spending clamp-down (Reuters)
9 hours ago
Reuters - Clamping down on spending now to cut the gaping U.S. budget deficit would be "pound-foolish" and derail the economic recovery, a top White House economic adviser said on Tuesday.

ICF International's 4Q net ticks higher (AP)
5 hours ago
AP - ICF International Inc.'s quarterly profit ticked higher as the company benefited from a lower tax rate and higher revenue from its consulting and technology services.


'IMF' for Europe a distracting sideshow: experts (AFP)
2 hours ago
AFP - Talk of a European version of the International Monetary Fund to rescue errant EU states is little more than a distracting sideshow, analysts and a key central banker say.

One Congressman's Solution for Boosting Small Businesses Loans (The Motl...
9 hours ago
The Motley Fool - The first Friday of every month brings the all-important employment report. February's numbers were better than anticipated. The United States lost only 36,000 jobs, versus the 68,000 that experts expected. This compares with 651,000 jobs lost in February 2009. Still, the unemployment rate held steady at 9.7%, with the unofficial rate stuck around a whopping 16%.

EU urges US to join in action against speculators (AP)
4 hours ago
AP - European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps — opaque financial instruments blamed for worsening the world financial crisis.

Dollar General sues rival chain over colors (AP)
5 hours ago
AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.

Commercial delinquency lower than other mortgages (AP)
11 hours ago
AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.


Oil slips for 2nd day as U.S. crude inventories climb (Reuters)
2 hours ago
Reuters - Oil fell for a second day on Wednesday after an industry report showed U.S. crude stockpiles jumped more than expected last week, dampening hopes of a strong recovery of demand in the world's top user.


Toyota, U.S. officials investigate runaway Prius (Reuters)
2 hours ago
Reuters - U.S. safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to reassure consumers shaken by its recall crisis.

Chat Transcript: Undergraduate Ranking (BusinessWeek)
17 hours ago
BusinessWeek - Notre Dame's Mendoza College of Business (Mendoza Undergraduate Profile) took the top spot in the Bloomberg BusinessWeek ranking of undergraduate business programs for the first time this year. Students praised the program for its values and strong alumni network. And there were many other surprises for undergraduate business programs in 2010. Bloomberg BusinessWeek editors Louis Lavelle and Geoff Gloeckler recently revealed the top 50 programs and answered questions about the ...