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Sabtu, 25 Juni 2011

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FTC opens formal probe against Google
Financial Times
The US government has opened a formal investigation into the influence over the internet that Google has amassed as a result of its dominance of the search business. The move marks Washington's most significant antitrust intervention in the technology ...
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Instant view: Transportation buoys durable goods orders
Reuters
NEW YORK (Reuters) - New orders for long-lasting US manufactured goods rose more than expected in May as bookings for transportation equipment rebounded strongly, according to a government report on Friday that could allay fears of a sharp slowdown in ...
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U.S. First Quarter Third Gross Domestic Product (Text)
Bloomberg
By Alex Tanzi - Fri Jun 24 12:30:04 GMT 2011 Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.9 percent in the first quarter of 2011, ...
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Exclusive: Banks discuss new Greek rollover plan: source
Reuters
A protester raises a Greek flag during a rally against a new austerity package in front of the parliament in Athens June 21, 2011. By Alex Chambers and Philipp Halstrick LONDON/FRANKFURT (Reuters) - European banks and insurers moved closer on Friday to ...
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Go Daddy sale rumored
Arizona Republic
by John Yantis - Jun. 25, 2011 12:00 AM Three private-equity firms are closing in on a deal to buy Scottsdale-based domain-registrar Go Daddy Group Inc. for between $2 billion and $2.5 billion, according to media reports Friday. ...
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US Stocks Fall as Oracle Drives Technology Slump, Italian Banks Retreat
Bloomberg
By Rita Nazareth and Cecile Vannucci - Fri Jun 24 21:10:19 GMT 2011 Traders work on the floor of the New York Stock Exchange on June 23, 2011 in New York City. Photographer: Spencer Platt/Getty Images June 24 (Bloomberg) -- Bloomberg's Deborah Kostroun ...
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US Stocks Fall on Concern Debt Crisis in European Nations Will Intensify
Bloomberg
By Nikolaj Gammeltoft and Cecile Vannucci - Sat Jun 25 04:01:00 GMT 2011 US stocks fell this week, giving the Standard & Poor 500 Index its seventh loss in eight weeks, amid concern the European debt crisis isn't contained. JPMorgan Chase & Co. ...
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Citi customers lose $2.7 mn in hack attack
Economic Times
Citigroup Inc , the third-largest US bank by assets, has told government officials that about 3400 of the customers whose credit-card information was hacked have suffered about $2.7 million in losses, the Wall Street Journal reported. ...
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Cheerios cereal celebrates its 70th birthday
abc7.com
Cheerios is the most popular cereal brand in American grocery stores. The tasty US icon is turning 70 years old this year. (KABC Photo) BUFFALO, NY (KABC) -- A tasty American icon is turning 70 years old this year. Cheerios is the most popular cereal ...
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abc7.com
Obama tapping oil reserves
WTKR Your NewsChannel 3
"Right now they're saying the barrel price is down, but it really hasn't hit the consumer at the pump yet so I know everyone's expecting that soon," said Bobby Reed. Even as gas goes down the price is taking its toll of drivers and putting the breaks ...
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Greek debt crisis fears trigger flight to safety as euro, markets slide and ...
Telegraph.co.uk
The Greek debt crisis pushed the euro and stock markets lower this week as investors pulled money from anything seen vulnerable to a potential default, with high-yield bond funds suffering a record exodus. Investors pulled a net $5.3bn from high-yield ...
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Telegraph.co.uk
Egyptian banker Mahmoud Abdel-Salam Omar pleads guilty to groping hotel maid
New York Daily News
BY Melissa Grace AND Jose Martinez Egyptian businessman Mahmoud Abdel Salam Omar, accused of groping a hotel maid at the Pierre hotel, now faces a $5 million lawsuit on top of a possible seven-year prison term. An Egyptian businessman pleaded guilty to ...
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New York Daily News
Baidu to Buy Majority Stake in China Travel Site Qunar for $306 Million
Bloomberg
By Bloomberg News - Fri Jun 24 20:11:40 GMT 2011 People walk through the lobby of the Baidu Inc. headquarters in Beijing, China. . Photographer: Stefen Chow/Bloomberg Baidu Inc., owner of China's most- popular search-engine, said it agreed to buy a ...
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Treasury Two-Year Yields Approach Record Low on Greece, Fed View
Bloomberg
By Daniel Kruger and Cordell Eddings - Sat Jun 25 04:00:11 GMT 2011 Treasuries rose, pushing two-year note yields to within a basis point of the record low, on concern Europe's sovereign-debt crisis is getting worse and as the Federal Reserve cut its ...
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Prosecutors: Life is good for Farkas
New York Post
Lee Farkas, the ex-chairman of Taylor, Bean & Whitaker Mortgage Corp., should be sentenced to life in prison for leading a $3 billion fraud involving fake mortgage assets, US prosecutors said. In a filing in Alexandria made public yesterday, ...
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Pfizer's Remoxy Fails to Win FDA Approval
MedPage Today
By Kristina Fiore, Staff Writer, MedPage Today WASHINGTON -- The latest attempt at an abuse-resistant formulation of oxycodone (Remoxy) failed to win approval from the FDA, according to a statement from Pfizer. Late Thursday, the company said it had ...
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Stocks end another week lower on Europe worries
Seattle Post Intelligencer
In this June 22, 2011 photo, specialist William Bott looks at a screen as he works on the floor of the New York Stock Exchange. World stock markets climbed Friday, June 24, after the European Union offered billions of euros in funds to help ...
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Deficit Plan Must Balance Growth, Fairness: Geithner
CNBC.com
AP Treasury Secretary Tim Geithner told CNBC Friday he sees second-half growth of 2.5 percent and wants a balanced agreement on raising the debt ceiling that will be fair while promoting that growth. The "potential for us over the long run is 2.5 ...
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US Regulators Close Another Georgia Bank; State's Total At 14
Wall Street Journal
US regulators announced the failure of another Georgia bank Friday, pushing that state's nation-leading tally to 14. The Federal Deposit Insurance Corp. said the two branches of Mountain Heritage Bank of Clayton, Ga., were closed Friday by the state's ...
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WSJ UPDATE:Citigroup Announces Resignation Of Grundhofer From Board
Wall Street Journal
By Randall Smith and David Benoit Citigroup Inc. (C) said Jerry Grundhofer, a veteran bank executive who joined the giant bank's board in mid-2009 as it was fighting for survival, stepped down in another sign that Citigroup is leaving the crisis in its ...
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Chevron Pays $340 Million for Houston Office Tower
CoStar Group
By Laurie Forbes Chevron Corp. purchased Four Allen Center, the 1.23 million-square-foot office tower it fully occupies at 1400 Smith St. in downtown Houston, from Brookfield Office Properties for $340 million, or approximately $277 per square foot. ...
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China Play May Buffet Buffett
Barron's
By ASSIF SHAMEEN | MORE ARTICLES BY AUTHOR A wager on auto and battery maker BYD could go south on the Oracle of Omaha. Berkshire Hathaway CEO Warren Buffett's stellar reputation as an investor has been burnished by some lucrative bets in China. ...
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Colorful editor Gil Spencer, 85, led The Denver Post with energy and respect
Denver Post
By Kevin Simpson Gil Spencer capped his Pulitzer Prize- winning journalism career as editor of The Denver Post from 1989 to 1993. (John Sunderland, Denver Post file ) F. Gilman Spencer, a charismatic, Pulitzer Prize-winning journalist who capped a ...
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Spain approves more spending cuts
Financial Times
By Miles Johnson in Madrid The Spanish government has approved a fresh round of cuts to public spending as part of an ongoing austerity drive to reassure jittery financial markets that Spain can insulate itself from the debt crisis ravaging other ...
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Boeing 787 landing in Charleston Monday
Charleston Post Courier
By John McDermott AP Photo/Czarek Sokolowski A Boeing 787 Dreamliner makes its very first landing at the Frederic Chopin airport in Warsaw, Poland on Friday, June 24, 2011. Warsaw is the first in Europe to host the Dreamliner, after it was showcased at ...
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Market pros see choppier markets with stimulus end
CNBC.com
That's the warning from pros who are preparing for slightly more volatile markets when the government's latest government stimulus program ends. Next Friday will be the last day of a Federal Reserve program dubbed QE2, short for quantitative easing, ...
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Biofuel firm KiOR closes flat in IPO
GigaOm
By Katie Fehrenbacher Jun. 24, 2011, 5:41pm PT No Comments Biofuel firm KiOR, which debuted on the Nasdaq this morning priced at $15 per share, also closed the day at $15 per share — in other words as flat as a Britney Spear's high note. ...
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STR Holdings Inc. (STRI) Dropped To A New Low On Q2 Guidance News
RTT News
(RTTNews) - STR Holdings Inc. (STRI: News ) reduced its second quarter non-GAAP EPS guidance to between $0.30 and $0.32 after the bell Thursday, from prior guidance of $0.38 to $0.42. The consensus estimate was for EPS of $0.40. ...
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Bank to charge for lost debit cards
Boston Globe
Bank of America says the fee will be waived if the debit card is stolen. (Robert Caplin/Bloomberg News) By Candice Choi As if losing your debit card isn't headache enough. It may soon cost you $5 as well. Charlotte, NC-based Bank of America, ...
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Boston Globe
EPA: Pollution Found In Pa. Wells Near April Blowout Site -AP
NASDAQ
Officials from the US Environmental Protection Agency said tests have revealed contamination in three private water wells following an April blowout at a Pennsylvania natural gas drilling site operated by Chesapeake Energy Corp. ...
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