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- BP aims for quick well kill; weighs asset salesHOUSTON/MIAMI (Reuters) - BP Plc may permanently shut the well that caused the worst off-shore oil spill in U.S. history as early as Monday, the company said as speculation grew over assets it might sell to cover mounting costs. […]
- Two IPOs get mixed receptionNEW YORK (Reuters) - A natural gas limited partnership IPO was priced at the top of the expected range on Wednesday while an investment technology platform company IPO was priced at the bottom of the range and sold fewer shares. […]
- Visa beats expectations but debit law loomsNEW YORK (Reuters) - Visa Inc , the world's largest credit and debit card processing network, posted higher-than-expected quarterly profit on Wednesday, but analysts said new processing fee regulations could cut into future profits. […]
- U.S. experts back AstraZeneca blood thinnerADELPHI, Maryland (Reuters) - U.S. advisers backed a potential blockbuster blood thinner from AstraZeneca on Wednesday, a victory for a company seeking new drugs to offset expiring patents on some of its best-selling medicines. […]
- Durable goods orders fall while business spending upWASHINGTON (Reuters) - New orders for long-lasting manufactured goods fell unexpectedly for a second straight month in June, posting the largest drop since August in a sign economic recovery cooled in the second quarter. […]
- Sprint customer growth beats StreetNEW YORK (Reuters) - Sprint Nextel Corp said it lost fewer valuable contract customers in the second quarter than analysts expected, helped by its most advanced smartphone, the EVO from HTC Corp . […]
- Stocks fall on economic outlookNEW YORK (Reuters) - U.S. stocks fell on Wednesday after weak durable goods figures and a downbeat assessment of the economy from the Fed's Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average. […]
- Fed says some districts report slowing economyWASHINGTON (Reuters) - The economy kept growing overall in recent weeks, but unevenly and it actually slowed in a few regions as housing markets softened after the end of a popular tax break, the Federal Reserve said on Wednesday. […]
- Two Goldman lawsuits on Abacus placed on holdNEW YORK (Reuters) - A New York judge put two shareholder lawsuits against executives and directors of Goldman Sachs Group Inc on hold until progress is made on 16 other lawsuits related to a controversial debt transaction involving the Wall Street bank. […]
- Boeing profit beats, but shares fall on revenueCHICAGO (Reuters) - Boeing Co reported a higher-than-expected quarterly net profit on Wednesday as the commercial airplane market recovers from a downturn, but its shares slipped 1.5 percent as revenue fell short of estimates. […]
- Wyclef for prez, 'House' gets bluesyJuly 28 - The latest celebrity and entertainment headlines including Wyclef Jean considering Hatian presidential bid, Hugh Laurie gets a record deal and Aretha performs with Condi Rice. Lindsay Claiborn reports. […]
- Economy slowing in some areas -FedJuly 28 - The economy slowed in some parts of the U.S. as the recovery lost strength in recent weeks, according to the Federal Reserve's latest summary of economic conditions. Conway Gittens reports. […]
- Arizona to appeal block on lawJuly 28 - Arizona Governor Jan Brewer said she would appeal a judge's ruling blocking key parts of a new state immigration law. Jon Decker reports. […]
- Jordan River pollution fearsJul 28 - Israel promises pilgrims that the Jordan River baptism site is safe, amid pollution fears. Gemma Haines reports. […]
- US, Afghan soldiers patrol KandaharJuly 28 - U.S. and Afghan soldiers launched a security operation in two villages in Kandahar on Wednesday to better track insurgents in the region. Jon Decker reports. […]
- Judge blocks part of immigration lawJuly 28 - A federal judge has blocked key parts of Arizona's controversial new immigration law - just one day before it was set to take effect. Jon Decker reports. […]
- Dalai Lama blesses giant BuddhaJul 28 - The Dalai Lama inaugurates a 106-foot-tall Buddha statue in India's Kashmir. Gemma Haines reports. […]
- Bullfighting schools face closureJuly 28 - A new ban on bullfighting in Catalonia, Spain, sets the future of bullfighting schools in the region at risk. Lillie Paquette reports. […]
- Pakistan plane crash kills 152July 28 - The death toll is believed to have reached the entire number of persons aboard a plane crash near Islamabad. Lillie Paquette reports. […]
- Families leave Arizona before lawJuly 28 - With Arizona's strict new immigration law set to take effect on Thursday, scores of undocumented immigrant families are leaving the state. Jon Decker reports. […]
- Investing in the world's best balance sheets July 29, 2010At the G20 summit in Toronto last month, the leaders of world's largest economies embraced a brave new theme: Halting the alarming, potentially ruinous growth in already mountainous sovereign debt. […]
- Investing in the world's best balance sheets July 29, 2010At the G20 summit in Toronto last month, the leaders of world's largest economies embraced a brave new theme: Halting the alarming, potentially ruinous growth in already mountainous sovereign debt. […]
- California workers stiffed again July 29, 2010California's state workers just can't catch a break. […]
- Florida bets on Feinberg July 29, 2010Business owners in Florida believe Kenneth Feinberg will manage the $20 billion oil spill claims fund fairly and efficiently, but because of the complicated nature of their claims, they're anxious about how much they'll get paid. […]
- Stocks fall on economic fears July 28, 2010Stocks fell Wednesday as a worse-than-expected report on durable goods orders and weaker quarterly results from Boeing and others added to concerns about the pace of the economic recovery. […]
- Treasurys steady after $37 billion auction July 28, 2010Treasury prices rose Wednesday as disappointing manufacturing data dragged stocks lower and a $37 billion auction of five-year notes was well received. […]
- Why a top Facebook app maker vanished July 28, 2010Facebook said Wednesday it has deleted all applications created by Pencake, wiping out widgets used by an estimated 45 million Facebook members. […]
- RIM stock rises 4% on new phone speculation July 28, 2010Research in Motion shares jumped 4% Wednesday on speculation that the BlackBerry maker will unveil a new smartphone next week. […]
- Oil prices drift lower July 28, 2010Oil drifted lower Wednesday, continuing a slide from an 11-week high above $79 a barrel reached last week, as a drop in consumer sentiment and an unexpected build in inventories weighed on prices. […]
- Fed report: Recovery steady, but modest July 28, 2010The economy showed continued signs of modest improvement in recent months, the Federal Reserve said Wednesday in its latest snapshot of regional economic conditions. […]
- First Security Group Announces Second Quarter Results July 29, 2010First Security Group, Inc. (NASDAQ: FSGI), today reported a net loss available to common shareholders of $2.7 million, or $0.17 per diluted share for the second quarter of 2010. The economic slowdown continues to produce elevated credit costs for many financial institutions including First Security. The provision for loan and lease losses combined with other […]
- New Citi Survey Finds Gender Divide on Views on Economic Recovery: Women’s Views Hold Almost Steady While Men Are Increasingly Sour July 29, 2010A new nationwide survey issued today by Citi, and conducted by Hart Research Associates, shows that there is a widening divide between men’s and women’s outlook for the economy and their own financial situations in the next twelve months. While optimism for the future was found to have declined overall, women’s outlook has held almost steady while men have t […]
- The Banking Revolution Begins with the Launch of Metro Bank on 29 July 2010 July 29, 2010The British banking revolution begins today with the opening of the UK’s first High Street bank for over 100 years. Metro Bank opens its doors to retail and business customers on Thursday 29 July at 8am. The historic launch of Metro Bank will transform the face of British banking. Metro Bank will adopt a retail store model offering unparalleled service and c […]
- Information for Kern County Fire Victims and Evacuees July 29, 2010Health Net of California, Inc. is helping ensure that Health Net members who are victims and evacuees of the two wildfires currently taking place in Kern County have access to essential prescription medications, critical Health Net information and services to help them cope with grief, loss, stress or trauma. For More Information Health Net Inc. Online Newsr […]
- NRF Says Federal Reserve Report on Credit Card Swipe Fees Shows Need for Further Federal Action July 28, 2010The National Retail Federation today said a new Federal Reserve study showing that credit card swipe fees result in a “transfer of income” from low-income individuals to wealthy individuals is evidence of the need for further federal action to control the fees. “This report confirms what we’ve always known – that swipe fees drive up costs for all consumers a […]
- Fitch Upgrades HSBC Bank (Uruguay)'s Ratings after Sovereign Upgrade July 28, 2010Fitch Ratings has upgraded HSBC Bank (Uruguay) S.A.'s ratings following the upgrade of Uruguay's sovereign ratings announced on July 27, 2010 as follows: --Foreign currency Issuer Default Rating (IDR) to 'BBB-' from 'BB+'; -Local currency IDR to 'BBB' from 'BBB-'. At the same time, Fitch has affirmed the foll […]
- CIBC Mellon and Pacific Equity Partners Sign Agreement for Purchase of Issuer Services Business July 28, 2010Today, Pacific Equity Partners (“PEP”) and CIBC Mellon Trust Company announced they have signed a definitive agreement for PEP to purchase CIBC Mellon Trust Company’s Issuer Services business (stock transfer and employee share purchase plan) through PEP’s portfolio company, Canadian Stock Transfer Company Inc. With $5 billion of assets under management, Sydn […]
- Bank of America Declares Quarterly Dividends July 28, 2010Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, payable on September 24, 2010 to shareholders of record as of September 3, 2010. The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable P […]
- Wells Fargo Again Named Best Consumer Internet Bank in U.S. by Global Finance July 28, 2010For the second consecutive year, Wells Fargo & Company (NYSE:WFC) has taken several top spots in the first North American round of Global Finance magazine’s World’s Best Internet Banks competition. Wells Fargo was named the Best Consumer Internet Bank and Best Corporate/Institutional Internet Bank in the U.S. In the Consumer category, Wells Fargo again w […]
- HSBC Private Bank Appoints Mark Pittsey Regional Manager for the Bay Area and Northwest Region July 28, 2010HSBC Private Bank today announced the appointment of Mark Pittsey as a Managing Director and Regional Manager for the Bay Area and Northwest Region of the United States. Reporting to Patrick Campion, CEO US Private Bank, he will head the HSBC Private Bank office in San Francisco. His responsibilities will include serving the needs of the bank’s private banki […]
- Debit Card Raises the Cash-Back Reward June 23, 2010Perk Street Financial says it can make money by offering customers 2 percent cash back on debit card purchases. […]
- Credit Card Database Is Heroic, and Mystifying May 25, 2010The Federal Reserve’s database contains about 1,000 card agreements from more than 300 issuers, in very technical language. […]
- How the Finance Bill Affects Consumers May 22, 2010The Senate’s version of the overhaul bill could result in more discounts to people who pay in cash. […]
- Default Rates Easing, Except on Credit Cards May 22, 2010In the three months through April, the default rate on credit card loans climbed to 9.14 percent, the highest in at least six years. […]
- Credit-Card Message Boards May 16, 2010Online hangouts for credit lovers abound. […]
- The New Money Rules for Recent Graduates May 8, 2010While you were in class, some laws and regulations were approved that may change your (financial) life. […]
- In New York, Some Judges Are Now Skeptical About Debt Collectors’ Claims May 8, 2010Some judges are fuming at debt collectors, scolding them over excessive interest rates and abusive practices. […]
- Cellphone Payments Offer Alternative to Cash April 29, 2010As companies develop ways to pay for goods and services using cellphones, the wallet is looking old-fashioned. […]
- Loan-Sharking Inc. February 25, 2010Congress and federal regulators need to do a lot more to make sure credit card companies stop using deceptive practices. […]
- Banks Pressure Customers on Overdraft Fees February 23, 2010As the government cracks down on overdraft fees, banks are mounting an aggressive campaign aimed at retaining billions of dollars in penalty income. […]
- Here's Everything We Know So Far About Apple's New "iAd For Developers" Program (AAPL) July 29, 2010Apple's iAd mobile advertising program continues its rollout: The newest feature, iAd for Developers, will allow iPhone developers to buy iAds to promote their apps within other apps. Until now, Apple has focused on getting big brands to advertise in iAds, such as its two launch advertisers, Nissan and Dove. But the new iAd for Developers program is App […]Dan Frommer
- 10 Things We Learned Today July 29, 2010Here's today's roundup of tech news in case you missed 'em: Gawker gives Mark Zuckerberg the paparazzi treatment, stalking the young CEO over the weekend and taking photos of him around Silicon Valley. Apple releases the latest version of Safari, along with an extensions gallery. PC World lists the 8 best Safari extensions. Seth Priebatsch of […]Dianne de Guzman
- Sign Up Now To Get SAI's Free Newsletter July 28, 2010Jump start your morning with the most important tech news and analysis with SAI Select, an easy-to-read daily newsletter. What is it? A daily roundup of top headlines, analysis, and video offering in-depth coverage of technlogy and digital-business news . Signing up is quick and easy. Use the form below to enter your information then click the "Sign U […]The Business Insider
- Guy who says he owns 84% of Facebook was also once arrested for doing 'shrooms. July 28, 2010Guy who says he owns 84% of Facebook was also once arrested for doing 'shrooms.Join the conversation about this story » […]
- CHART OF THE DAY: Google Has More Cash Per Employee Than Its Peers (MSFT, AAPL, GOOG) July 28, 2010Here's a fun thought experiment. Let's say all the major tech companies decide to reward their employees by divvying up cash on hand and giving it to the staff. Which employees would get the biggest payday? Some 21,805 Googlers would be the winners with each employee walking out with $1.4 million. Obviously, it's not going to happen, but Googl […]Jay Yarow and Kamelia Angelova
- YouTube Banned In Russia? Sort Of July 28, 2010Update: Here's YouTube's official word on the matter: We have received reports that a district court in Russia has ordered a local ISP to block access to YouTube. We are looking into the matter and are working to ensure that service is not interrupted. Original: YouTube has been banned by a court in Russia's Far East. RT reports that the court […]William Wei
- Ted Turner Talks To The Valley Girl About His 55,000 Bison July 28, 2010The Valley Girl, the surreal web television show from Jesse Draper (daughter of legendary VC Tim Draper), is back for a new season, and it's off with a typically bizarre bang. Ted Turner is on, putting his warmest, fuzziest foot forward. He talks about his love of animals, voices his opposition to bombs, and sings the Captain Planet theme song. He also […]Nick Saint
- Kanye West joins Twitter! @kanyewest: Up early in the morning taking meetings in Silicone Valley July 28, 2010Kanye West joins Twitter! @kanyewest: Up early in the morning taking meetings in Silicone Valley Join the conversation about this story » […]
- Mark Zuckerberg Gets The Paparazzi Treatment July 28, 2010Valleywag is on a mission to embarrass Facebook CEO Mark Zuckerberg, it seems.Join the conversation about this story »See Also:Zuck To Squash His Best Friend's StartupAnalyzing The Facebook Contract: Is Mark Zuckerberg Screwed?SPOTTED: Zuckerberg And Schmidt Getting Cozy […]Business Insider
- MLB's iPad App Racks Up 100,000 Buyers (AAPL) July 28, 2010Major League Baseball has another hit on its hands: Its excellent At Bat app for Apple's iPad is now on 100,000 devices, MLB Advanced Media, the league's digital arm, tells us. About 40,000 people use the app on a daily basis, on average, and 25% of its daily users watch live games. At $15 a pop, that's over $1 million in app revenue, after Ap […]Dan Frommer
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