Tags: daily business news, daily business updates, asia pacific bussiness news, asia pacific business updates, usa business news, japan business news, china business news, singapore business news, malaysia business news, malaysia business news, korea business news, indonedia business news, philippines business news, thailand business news, india business news, pakistan business news, sri lanka business news, cambodia business news, vietnam business news, asian business news
Through no fault of his own, Frederick Peters arrived in a financial crisis threatening his business. He survived by avoiding distractions and focusing on the problem.
American businesses added more jobs in the last three months than originally estimated, but the wheels of the economic recovery are still spinning in place.
The Texas attorney general has opened an antitrust investigation into how Google ranks search results, striking at the heart of its main search business.
The angst over net neutrality reaches from boardrooms to living rooms, but take heart: companies will breach its principles at their own peril. Consumers have come to expect an open Internet.
NEW YORK, Sep. 3, 2010 (Reuters) -- A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc <GS.N> computer programer of stealing proprietary computer code from the bank's lucrative high-frequency trading platform. ... > read full story
For decades Scrabble has been an eight letter word for time sink. What began on kitchen tables has made its way onto Facebook, the iPhone and, now, the iPad. WSJ's Mary Pilon tests the game on the iPad to determine if it's worth the ten dollars.
NEW YORK: The US dollar on Friday slipped against the euro but rose against the yen after a tepid jobs report signalled that the US economy was doing better than expected.
Michael Casey talks to Dennis Berman and Brenda Cronin about why the investors remain in a buying mood, powering the Dow to a 127-point gain and its fourth consecutive winning session.
Jon Hilsenrath talks to Dennis Berman and Brenda Cronin about the debate raging over why the nation's unemployment rate remains so stubbornly high and what it says about the prospect of a double-dip recession.
NEW YORK: Oil prices slipped on Friday, ending two consecutive sessions of gains, as traders took in a tepid US jobs report and amid rising supply levels in the world's largest oil-consumer.
A new report from a University of Michigan researcher estimates that, even without going electric, U.S. cars and trucks could achieve an average efficiency of 74 miles per gallon by 2035.
For years it has been normal for people to be charged for ambulance service. Now people involved in accidents may be charged with fire and police services, too.
Spurred by Apple's recent update of Apple TV coupled with new content partners and 99-cent rentals, Amazon.com has responded by lowering prices for some of its online TV show rentals. Sam Schechner tells us who wins and who loses in this battle for control of your computer screen.
Take-Two reported a surprise profit for the July quarter on Tuesday, citing strong demand for video-game titles like "Red Dead Redemption". MarketWatch's Dan Gallagher tell Digits how big-name games are the saving grace of the video game industry this year.
WASHINGTON: Japanese electronics maker Toshiba has recalled 41,000 laptop computers worldwide because of a fire risk, the US Consumer Product Safety Commission said.
WASHINGTON: President Barack Obama promised a fresh slew of measures to boost the ailing US economy on Friday after fresh data showed unemployment was again on the rise.
French supermarket giant Carrefour said on Friday it would open its first wholesale store in India by November, joining other foreign chains aiming to break into the country's vast retail sector.
A fire at a Mariner Energy platform in the Gulf raised concerns that Apache might exercise the material adverse change clause in their merger agreement.
The president did not offer specifics, though he has said repeatedly that he wants to extend middle class tax cuts and promote new investment in clean energy.
Kelly Evans talks to Lakshman Achuthan, Managing Director at Economic Cycle Research Institute, about today's employment report and his outlook for the U.S. economy.
DETROIT/SEOUL, Sep. 3, 2010 (Reuters) -- Kia Motors <000270.KS> said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires. ... > read full story
Financial firms need to make stress tests an ongoing exercise, and embed risk managers throughout the business. Private equity shops must focus on correlation and tail-risks of portfolio companies, Marshall Lux, senior partner at BCG, tells Lisa Lee.
WASHINGTON, Sep. 3, 2010 (Reuters) -- President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as he greeted the August job report as positive news. ... > read full story
NEW YORK, Sep. 3, 2010 (Reuters) -- The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday. ... > read full story
NEW YORK, Sep. 3, 2010 (Reuters) -- Data storage provider 3PAR Inc <PAR.N> said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co's<HPQ.N> proposal to buy the company for $2.4 billion. ... > read full story
CHICAGO, Sep. 3, 2010 (Reuters) -- Walgreen Co <WAG.N> posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic. ... > read full story
The U.S. economy shed jobs for a third straight month, losing 54,000 non-farm jobs, but the losses were half as bad as expected. The unemployment rate rose to 9.6%. Kelly Evans, Dennis Berman, Paul Vigna, Phil Izzo and Sudeep Reddy discuss. Also, Jerry Seib discusses what has happened to the American job creation machine.
WASHINGTON : US unemployment jumped to 9.6 per cent in August, the Labor Department said on Friday, showing the recovering economy is still struggling to create jobs.
QUETTA, Pakistan, Sept 3 (Reuters) - The death toll from a
suicide bombing on Friday in the southwestern Pakistani city of
Quetta has reached up to 43, police said.
The Canadian gold miner said that it would buy its Australian rival for 3.4 billion dollars in cash and stock, beating an all-share offer from Eldorado Gold.
CHICAGO, Sep. 3, 2010 (Reuters) -- Campbell Soup Co <CPB.N> reported higher-than-expected quarterly earnings on Friday, helped by cost cuts and sales of V8 juice drinks, even as U.S. soup sales fell. ... > read full story
BRUSSELS : Retail sales across the 16 nations sharing the euro rose by a modest 0.1 percent in July, after a 0.2 percent increase in June, with drops in Germany and Spain, European Union data showed on Friday.
QUETTA, Pakistan, Sept 3 (Reuters) - The death toll from a
suicide bombing on Friday in the southwestern Pakistani city of
Quetta has climbed to at least 22, police said.
RIO DE JANEIRO, Sep. 3, 2010 (Reuters) -- Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan. ... > read full story
LONDON, Sep. 3, 2010 (Reuters) -- Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States. ... > read full story
The Bank of Japan is set to take center stage in the coming week as it looks at revised GDP and machinery orders in order to determine how to address the rising yen. MarketWatch's Chris Oliver reports.
How various health-care costs are allotted to which categories is a subject of fierce debate with the sector, and the stakes are high for the public, an economist writes.
As Nicolas Sarkozy prepares to take over as president of the Group of 20 on Nov. 12, analysts say many of his proposals appear to be hamstrung from the start.
LONDON : British oil giant BP said Friday that the devastating Gulf of Mexico oil spill disaster has cost about eight billion dollars (6.2 billions euros) so far.
WASHINGTON : A fresh batch of US unemployment figures on Friday will provide Americans with a crucial litmus test for the sputtering economic recovery and President Barack Obama's policies.
Despite the summer lull, Korea Development Bank prints well inside its existing curve, prompting a tightening of Korean policy bank sector bonds by 5bp to 10bp.
The private equity firm raises $1.2 billion at a tight 1.2% discount after Ping An strikes a deal to increase its stake in Shenzhen Development Bank to above 50%.
The bank appoints James Hong as its first private banking chief executive for Hong Kong. Meanwhile, managing directors Betty Tsui and Edith Lau are said to have quit UBS Wealth Management.
Rubber gloves have long been a Malaysian specialty, but they have drawbacks in everyday health care and other sanitary situations. For one thing, the price of latex is volatile, making it harder to know what kind of a sales deal to offer. Also, allergies to latex cause many wearers discomfort.
SINGAPORE: Malaysia's largest lender Maybank on Friday announced plans to expand its Islamic finance business in Singapore and Indonesia to tap the markets' demand for such services.
LONDON, Sep. 3, 2010 (Reuters) -- BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was two weeks away from sealing the well for good. ... > read full story
SEOUL, Sept 3 (Reuters) - Seoul shares rose on Friday led by
technology issues such as Hynix Semiconductor Inc <000660.KS> and
LG Electronics Inc <066570.KS> following their recent substantial
falls, but Shinhan Financial Group Co Ltd <055550.KS> retreated
amid a scandal involving the group CEO.
Prime Minister Vladimir V. Putin announced Thursday that Russia’s ban on grain exports would be extended well into next year because of continued uncertainty over production.
SEOUL, Sep. 3, 2010 (Reuters) -- Samsung Electronics Co Ltd <005930.KS>, the world's No.2 handset maker, expects to sell up to 25 million smartphones this year, exceeding its earlier target, and aims to double shipments next year, media reports said on Friday. ... > read full story
KARACHI, Sept 3 (Reuters) - Pakistan's central bank bought
back 74.3 billion rupees ($868.2 million) of government paper
on Friday under 14-day reverse repo contracts at 12.19 percent
to inject liquidity into a tight money market.
For decades Scrabble has been an eight letter word for time sink. What began on kitchen tables has made its way onto Facebook, the iPhone and, now, the iPad. WSJ's Mary Pilon tests the game on the iPad to determine if it's worth the ten dollars.
Michael Casey talks to Dennis Berman and Brenda Cronin about why the investors remain in a buying mood, powering the Dow to a 127-point gain and its fourth consecutive winning session.
Dan Neil reviews the new Maserati GranTurismo Convertible and explains why he thinks it has an image problem.
Jon Hilsenrath talks to Dennis Berman and Brenda Cronin about the debate raging over why the nation's unemployment rate remains so stubbornly high and what it says about the prospect of a double-dip recession.
Spurred by Apple's recent update of Apple TV coupled with new content partners and 99-cent rentals, Amazon.com has responded by lowering prices for some of its online TV show rentals. Sam Schechner tells us who wins and who loses in this battle for control of your computer screen.
Take-Two reported a surprise profit for the July quarter on Tuesday, citing strong demand for video-game titles like "Red Dead Redemption". MarketWatch's Dan Gallagher tell Digits how big-name games are the saving grace of the video game industry this year.
Kelly Evans talks to Lakshman Achuthan, Managing Director at Economic Cycle Research Institute, about today's employment report and his outlook for the U.S. economy.
Financial firms need to make stress tests an ongoing exercise, and embed risk managers throughout the business. Private equity shops must focus on correlation and tail-risks of portfolio companies, Marshall Lux, senior partner at BCG, tells Lisa Lee.
German economic data, Bank of England interest-rate decision, August air traffic reports from Air-France KLM, easyJet and Air Berlin.
Jerry Seib discusses what has happened to the American job creation machine.
The U.S. economy shed jobs for a third straight month, losing 54,000 non-farm jobs, but the losses were half as bad as expected. The unemployment rate rose to 9.6%. Kelly Evans, Dennis Berman, Paul Vigna, Phil Izzo and Sudeep Reddy discuss. Also, Jerry Seib discusses what has happened to the American job creation machine.
The Bank of Japan is set to take center stage in the coming week as it looks at revised GDP and machinery orders in order to determine how to address the rising yen. MarketWatch's Chris Oliver reports.
