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| Yahoo! News: Business News |
Safety agency under spotlight in House hearing
(AP)
Thu, 11 Mar 2010 09:06:22 GMT
AP - Toyota's massive recalls are bringing new scrutiny to the government's auto safety agency, prompting Congress to look at how federal safety officials have lived up to their mission of protecting motorists.
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Foreclosure rates up by smallest amount in 4 years
(AP)
Thu, 11 Mar 2010 06:17:29 GMT
AP - The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.
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Asian stocks post tepid gains; Europe lower
(AP)
Thu, 11 Mar 2010 08:57:10 GMT
AP - Asian stock markets posted tepid gains Thursday as China's burst of inflation tempered confidence in the regional economic rebound. European shares opened lower.
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Greece paralyzed by strike over austerity plan
(AP)
Thu, 11 Mar 2010 09:10:01 GMT
AP - Greek public transport was halted, flights grounded and state hospitals left with emergency staff only on Thursday as workers held yet another general strike to protest painful spending cuts.
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Senate passes $149 billion for jobless aid
(Reuters)
Thu, 11 Mar 2010 04:45:06 GMT Reuters - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November. |
BP to pay $7 billion for exploration rights
(AP)
Thu, 11 Mar 2010 09:11:14 GMT AP - Oil company BP PLC said Thursday it will pay $7 billion to acquire exploration rights in Brazil, Azerbaijan and the Gulf of Mexico from Devon Energy Corp. |
SEC chief economist leaving
(AP)
Wed, 10 Mar 2010 00:25:02 GMT AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector. |
Senate passes jobless aid, business tax breaks
(AP)
Thu, 11 Mar 2010 00:03:39 GMT
AP - The Senate voted Wednesday to extend key pieces of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor.
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Kali+Salz' Q4 net income falls 93 pct to $22M
(AP)
Thu, 11 Mar 2010 07:44:15 GMT AP - German salt and fertilizer company Kali+Salz AG said Thursday that its fourth-quarter net income plunged 93 percent to euro16 million ($22 million) as the downturn significantly affected demand in global agricultural markets. |
U.S. warns EU of rift over fund regulation: report
(Reuters)
Thu, 11 Mar 2010 09:00:03 GMT Reuters - U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported. |
Quinn seeks income tax hike for schools
(AP)
Wed, 10 Mar 2010 19:47:33 GMT
AP - Calling himself a realist, Gov. Pat Quinn on Wednesday scaled back his proposal to raise income taxes, shifting to a call for an increase of just one percentage point to be used solely for preventing deep cuts to education.
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Japan to fight global trade ban on Atlantic bluefin tuna
(AFP)
Thu, 11 Mar 2010 08:48:56 GMT
AFP - Japan vowed Thursday to fight a global trade ban on Atlantic bluefin tuna, the pricey mainstay of sushi and sashimi, as Europe and the United States step up moves to protect the species.
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Wal-Mart spent $1.78 million lobbying in 4Q
(AP)
Wed, 10 Mar 2010 23:00:52 GMT AP - Wal-Mart Stores Inc., the world's largest retailer, spent nearly $1.78 million lobbying in the fourth quarter on a wide range of issues from health care reform to organized crime and food safety issues, according to a recent disclosure report. |
Home loan demand nudges higher in latest week
(Reuters)
Wed, 10 Mar 2010 15:00:52 GMT
Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
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ND oil rig count tops 100
(AP)
Wed, 10 Mar 2010 23:50:17 GMT AP - The number of rigs piercing North Dakota's oil patch has topped 100 for the first time in nearly three decades, the state Department of Mineral Resources said Wednesday. |
Toyota subsidiary Daihatsu recalls 275,000 vehicles
(AFP)
Thu, 11 Mar 2010 07:23:57 GMT
AFP - Daihatsu Motor Co., a subsidiary of embattled Toyota, said Thursday it was recalling almost 275,000 vehicles due to possible defects, the latest in a raft of problems hitting Japanese carmakers.
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Real Estate's Link to the Small Business Credit Crunch
(BusinessWeek)
Wed, 10 Mar 2010 13:08:46 GMT BusinessWeek - It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares poorly with mid-2000, when nine of every 10 companies seeking credit received it. While there is broad agreement that a small business credit problem exists, there is less consensus about its causes. ... |