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Growth hopes boost global equities
(Reuters) (09/06/2010 12:40 PM)
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 Reuters - World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe.
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Obama kicks off campaign with $50 billion jobs plan
(Reuters) (09/06/2010 02:32 PM)
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 Reuters - President Barack Obama, scrambling to jump-start job creation in a sluggish U.S. economy, will announce on Monday a six-year plan to revamp aging roads, railways and airport runways with an initial $50 billion investment.
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BP sees no impact to Gulf operations from storm
(Reuters) (09/06/2010 01:15 PM)
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Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, said Monday that Tropical Storm Hermine was not expected to affect its offshore operations.
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Basel committee seeks 9 percent Tier 1 capital: report
(Reuters) (09/06/2010 02:43 PM)
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Reuters - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules.
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Fed should not set limit on economy aid: Kohn
(Reuters) (09/06/2010 12:48 PM)
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Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.
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A look at economic developments around the globe
(AP) (09/03/2010 01:00 PM)
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AP - A look at economic developments and activity in major stock markets around the world Friday:
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What might make the Fed flinch?
(Reuters) (09/05/2010 03:54 PM)
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 Reuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.
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Campbell reports Q4 profit rise on better margins
(AP) (09/03/2010 04:48 PM)
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 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.
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EU finmins want budget rule offenders rapped swiftly
(Reuters) (09/06/2010 01:11 PM)
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Reuters - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises.
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Petrobras sells 64 bln dlrs of stock to fund oil exploration
(AFP) (09/03/2010 04:57 PM)
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 AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
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WTO to issue Boeing subsidies verdict Sept. 15: source
(AFP) (09/06/2010 01:12 PM)
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 AFP - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.
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Venezuela OKs payment for French retailer Casino
(Reuters) (09/04/2010 05:09 PM)
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Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.
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MGIC added $1.2B in mortgage coverage in August
(AP) (09/03/2010 02:50 PM)
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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.
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Oil slips below $74 as U.S. driving season ends
(Reuters) (09/06/2010 12:55 PM)
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 Reuters - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.
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McCain Hits Democrats for 'Flailing Around' on Economy
(CQPolitics.com) (09/05/2010 01:28 PM)
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CQPolitics.com - Leading voices in both parties sparred Sunday over the state of the economy and the role that Bush tax cuts should play in the recovery.
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Taxpayers may face initial loss on GM IPO: sources
(Reuters) (09/05/2010 11:00 AM)
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 Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
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Crafting a Career in Eco-Chic Jewelry
(BusinessWeek) (09/03/2010 08:08 AM)
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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.
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