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Japan's Deflation Deepens as Prices Fall Record 2.4%.
Japan's Deflation Deepens as Prices Fall Record 2.4%.Japan's consumer prices fell at a record pace in August, heightening the risk that prolonged deflation may hamper the country's recovery from its deepest postwar recession.Full Story
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Broker accused in SEC complaint of luring elderly into Ponzi scheme.
Broker accused in SEC complaint of luring elderly into Ponzi scheme.Detroit-area stockbroker Frank Bluestein is accused of luring elderly investors into refinancing their mortgages and using the equity in their homes to invest in what ended up being a $250-million Ponzi scheme, in a complaint filed ...Full Story
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Tech retailer Newegg plans $175-million IPO.
Tech retailer Newegg plans $175-million IPO.With the market for initial public offerings heating up, online tech retailer Newegg.com is looking to cash in. The fast-growing City of Industry company, which sells computers, software and consumer electronics, filed Monday to sell as ...Full Story
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Treasuries Fall, End 5-Day Gain, Before Confidence, Output Data.
Treasuries Fall, End 5-Day Gain, Before Confidence, Output Data.Treasuries fell for the first time in a week before industry reports that economists said will show consumer confidence improved and manufacturing expanded.Full Story
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Abbott Continues Acquisition Streak With Solvay Deal.
Abbott Continues Acquisition Streak With Solvay Deal.Abbott Laboratories' (ABT) $6.6 billion purchase of Solvay SA's (SVYSY) drug business continues a busy stretch of acquisitions for Abbott and bolsters the company's reputation of looking outside the company for growth.Full Story
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Corn May Advance on Lagging US Harvest, Reduced Argentina Crop.
Corn May Advance on Lagging US Harvest, Reduced Argentina Crop.Corn, little changed, may advance as the US harvest fell behind the pace of recent years because planting delays in May and below-normal temperatures in July and August slowed crop development.Full Story
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Starbucks Sells Via Instant Coffee at Barnes & Noble, Marriott.
Starbucks Sells Via Instant Coffee at Barnes & Noble, Marriott.Starbucks Corp., the world's largest coffee shop operator, is expanding its Via Ready Brew to hundreds of new locations throughout the US, including Barnes & Noble Inc. bookstores and Marriott International ...Full Story
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US Stocks Higher As M&A Pick-Up Boost Confidence; DJIA Up 125.
US Stocks Higher As M&A Pick-Up Boost Confidence; DJIA Up 125.A fresh round of corporate deal making on Monday helped lead to broad-based gains for stocks, which are closing in on the best quarterly climb in more than 10 years.Full Story
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Sequenom's Down Syndrome Test Faces Delays After CEO Dismissal.
Sequenom's Down Syndrome Test Faces Delays After CEO Dismissal.Sequenom Inc.'s planned launch of a prenatal test for Down syndrome may be delayed by more than a year after a finding that research data gathered to develop the screen was mishandled.Full Story
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UBS Bd Members Marchionne, Voser To Leave Bank.
UBS Bd Members Marchionne, Voser To Leave Bank.UBS AG (UBS) Tuesday said that board members Sergio Marchionne and Peter Voser will leave the bank next year, citing the two managers' busy schedules at their own companies.Full Story
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Hedge Funds Reborn.
Hedge Funds Reborn.Hedge fund managers (and would-be hedge fund managers) may finally have reason to celebrate this year -- new fund launches are on the rise.Full Story
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Janvey Stops Stanford 'End Run' to Tap Lloyd's Coverage in UK.
Janvey Stops Stanford 'End Run' to Tap Lloyd's Coverage in UK.R. Allen Stanford's court-appointed receiver persuaded a US judge to block the accused Ponzi scheme mastermind's bid to access insurance funds to pay his lawyers at a hearing today in London Chancery ...Full Story
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PG&E, Duke Energy Walkouts Show US Business Split on Climate.
PG&E, Duke Energy Walkouts Show US Business Split on Climate.PG&E Corp. quit the US Chamber of Commerce. Nike Inc. and Johnson & Johnson criticized the group for its stance.Full Story
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GIC's Tan eyes profit from protecting downside.
GIC's Tan eyes profit from protecting downside.Tony Tan, the man leading Singapore's biggest sovereign wealth fund, is no longer the doomsdayer he was more than a year ago when he warned that the global economy could face its worst recession ...Full Story
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Connecticut's Poverty-Rate Increase Led US States Last Year.
Connecticut's Poverty-Rate Increase Led US States Last Year.Connecticut led increases in poverty among eight US states where rates rose in 2008, the first full year of the recession, a government report showed.Full Story
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Oil Trades Around $67 on Forecast US Oil, Fuel Supplies Grew.
Oil Trades Around $67 on Forecast US Oil, Fuel Supplies Grew.Crude oil traded little changed near $67 a barrel in New York before a report forecast to show that US supplies of crude and refined oils accumulated because of the slow pace of economic recovery.Full Story
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Halloween Spending on Costumes, Candy to Decline, NRF Says.
Halloween Spending on Costumes, Candy to Decline, NRF Says.Halloween shoppers in the US will cut back on costumes and trick-or-treat candy this year, as consumers reduce spending on non-essentials.Full Story
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Xerox's Burns Shows 'Guts' in Copier Maker's Biggest Purchase.
Xerox's Burns Shows 'Guts' in Copier Maker's Biggest Purchase.Xerox Corp. Chief Executive Officer Ursula Burns, less than three months on the job, is betting that computer services can revive growth at a century-old company with roots so deep in copying ...Full Story
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BNP Paribas to Raise $6.27 Billion to Repay Bailout.
BNP Paribas to Raise $6.27 Billion to Repay Bailout.BNP Paribas, the largest French bank, said Tuesday that it would raise €4.3 billion, or 6.27 billion dollars, from investors to repay government bailout funds.Full Story
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Japan's Fujii Hardens Rhetoric Vs Yen Strength.
Japan's Fujii Hardens Rhetoric Vs Yen Strength.Japan's finance minister Tuesday stepped up his warnings against excessive yen strength, calling the currency's recent ascent a bit too rapid and reminding markets he may act if he sees ...Full Story
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Stanford remains hospitalized after jail fight.
Stanford remains hospitalized after jail fight.R. Allen Stanford, accused in a $7 billion Ponzi scheme, remained hospitalized Sunday after sustaining minor injuries in a fight in a federal detention facility in Conroe last week.Full Story
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Former Hynix DRAM plant to get solar makeover.
Former Hynix DRAM plant to get solar makeover.A South Korean leather goods manufacturer plans to buy from Hynix Semiconductor the closed DRAM plant here with plans to turn it into the largest solar cell producer in the United States.Full Story
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Sinochem bid for Nufarm a shot in arm for agribusiness sector.
Sinochem bid for Nufarm a shot in arm for agribusiness sector.AGRICULTURAL chemical company Nufarm is trading more than 6 per cent higher after announcing a provisional takeover deal with China's Sinochem Corp that would value Nufarm at $2.84 billion.Full Story
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Solar energy featured on Orlando tour.
Solar energy featured on Orlando tour.When Joe Harris arrives at his office, he parks in a space reserved for electric cars, whips out a cable, and plugs his Mazda Miata into a solar-powered charging station.Full Story
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Job losses, early retirements hurt Social Security.
Job losses, early retirements hurt Social Security.Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that's happened since the 1980s.Full Story
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