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Selasa, 12 Juli 2011

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Murdoch Tabloids' Targets Included Downing Street and the Crown
New York Times
By JOHN F. BURNS and JO BECKER LONDON — The scandal that has enveloped Rupert Murdoch's media empire in Britain has widened substantially with reports that two of his newspapers may have bribed police officers or used other potentially illegal methods ...
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Stock index futures signal sharp sell-off
Reuters
(Reuters) Stock index futures pointed to a sharp fall in share prices on Tuesday after equities on Wall Street recorded their biggest fall in about a month in the previous session as concerns grew that the euro zone debt crisis could engulf other ...
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Alcoa Profit Doubles as Aluminum Price Gain Outweighs Costs
BusinessWeek
By Sonja Elmquist July 12 (Bloomberg) -- Alcoa Inc., the largest US aluminum producer, said second-quarter profit more than doubled after higher prices for the lightweight metal outweighed increasing raw-material costs. Net income rose to 28 cents a ...
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15 companies purchasing crude from reserve
Houston Chronicle
By JENNIFER A. DLOUHY WASHINGTON — Traders, oil refiners and a pipeline operator are among the 15 companies buying 30.6 million barrels of crude from the United States' emergency stockpiles, the Energy Department announced Monday. ...
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Yuan Weakens Most in July on Growth Concern, Euro Debt Crisis
Bloomberg
By Fion Li - Tue Jul 12 09:14:46 GMT 2011 China's yuan dropped the most this month as concern growth in Asia's largest economy is slowing and Europe's debt crisis is worsening damped investor sentiment. Data tomorrow will show the Chinese economy grew ...
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Startups Making Do with Fewer Workers, Kauffman Study Shows
Xconomy
Has the air gone out of the American economy? That's the troubling suggestion of a new study showing how, even before the current downturn, fewer new firms were being formed and those that did open for business were hiring fewer workers. ...
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UK struggles for growth, inflation shows surprise dip
Reuters
By Sven Egenter and David Milliken LONDON, July 12 (Reuters) - British inflation fell unexpectedly in June, while the trade gap widened, pointing to more weakness in the economy and providing support to those in the Bank of England who want to keep ...
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Hong Kong stocks drop 3 pct; Moody's report hurts midcaps
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, July 12 (Reuters) - Hong Kong shares posted their biggest daily fall in 14 months on Tuesday and may extend losses with a worsening euro zone debt crisis and a Moody's report reigniting fears over corporate ...
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Gold Drops for First Time in Seven Days as Europe's Crisis Drives Dollar
Bloomberg
By Glenys Sim - Tue Jul 12 08:10:36 GMT 2011 Gold declined for the first time in seven days, joining a drop in other commodities including oil, as concern about Europe's debt crisis drove the dollar higher, damping demand for raw materials priced in ...
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Cisco May Eliminate About 5000 Jobs in August, Gleacher Analyst Reports
Bloomberg
July 11 (Bloomberg) -- Brian Marshall, an analyst at Gleacher & Co., talks about the possibility that Cisco System Inc. may begin "pretty large" workforce reductions in August. Marshall speaks with Betty Liu and Jon Erlichman on Bloomberg Television's ...
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Amazon Seeks Calif. Sales Tax Referendum
TheStreet.com
By Joseph Woelfel 07/12/11 - 05:30 AM EDT SEATTLE (TheStreet) -- Amazon.com(AMZN) filed a petition for a referendum in California that would ask voters to repeal a new law that requires online retailers to collect sales taxes. ...
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Dunkin' Brands IPO could bring in $461M
Detroit Free Press
The company plans to pay down debt but could also be looking to expand across the US and internationally. / RAMIN TALAIE/Getty Images BY CHRISTINA REXRODE ASSOCIATED PRESS The parent of Dunkin' Donuts plans to raise as much as $461 million when it ...
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Newport Beach hotels think they have the cure for 'Carmageddon'
Los Angeles Times
Travel marketing executives have seized on the looming 405 Freeway shutdown, creating package deals and launching an advertising blitz to lure Angelenos to their "tranquil" hotels and resorts, reports the Daily Pilot. Six of Newport's major hotels ...
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RPT-Indonesia cbank holds rate at 6.75 pct, as expected
Reuters
JAKARTA, July 12 (Reuters) - Indonesia's central bank held its benchmark overnight policy rate at 6.75 percent on Tuesday for a fifth straight month as expected, as policymakers saw inflation under control after June inflation eased to a one-year low. ...
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Taste of Chicago restaurants' profits down 20 percent from last year
Chicago Sun-Times
BY FRAN SPIELMAN AND LISA DONOVAN Staff Reporter July 12, 2011 1:02AM Crowds gather in line at the Original Rainbow Cone booth on a hot day at Taste of Chicago last month. | Brett Roseman~Sun-Times Media Taste of Chicago's 59 restaurants made $4.9 ...
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CANADA FX DEBT-C$ weakens to July low on fresh euro zone fears
Reuters
By Trish Nixon TORONTO, July 11 (Reuters) - Canada's dollar weakened against the greenback on Monday, touching its lowest point this month, as fresh euro zone debt problems hurt investor demand for commodity-linked currencies. Global stocks dropped and ...
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International Paper goes hostile for Temple-Inland
Reuters
By Ernest Scheyder NEW YORK (Reuters) - International Paper Co (IP.N) has gone hostile in its $3.3 billion bid to acquire rival packaging producer Temple Inland Inc (TIN.N) and become the king of North America's corrugated packaging business. ...
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Chesapeake Launches $1B Plan To Stimulate Natural-Gas Demand
Wall Street Journal
(Adds background in paragraphs two, three and six and executive comment in paragraphs four, 11 and 12.) Chesapeake Energy Corp. (CHK) said Monday it would spend $1 billion in hopes of boosting US natural-gas demand, the latest private-sector initiative ...
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Foursquare Partners Up
Wall Street Journal
By SPENCER E. ANTE Start-up Foursquare Labs Inc. has a large user base and a $600 million valuation, but unlike social-media stars Zynga Inc. and LinkedIn Corp., it has a big hole on the revenue line. Now, the service, which lets users announce their ...
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Aqua America, American Water Strike Deal To Swap Operations
Wall Street Journal
Aqua America Inc. (WTR) and American Water Works Co. (AWK) disclosed a deal Monday to swap operations in Ohio and New York in a move that will position the two utilities as the largest of their kind in each respective state. ...
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State should put brakes on drilling process
Vineland Daily Journal
There are plenty of questions, and more than enough evidence that the natural gas drilling process known as "fracking" may have all sorts of unenviable, toxic side effects. That's why we support New Jersey putting the brakes on fracking here. ...
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Big plans in other Strong Cities, Strong Communities cities
Detroit Free Press
Five other cities were selected as part of the Strong Cities, Strong Communities initiative. Some of the goals for those cities include: Chester, Pa.: The smallest city to be included in the initiative, Chester will get help on how to maintain and ...
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Ex-Goldman Sachs official may pursue lawsuit against SEC
Washington Post
By David S. Hilzenrath, Although the charges were similar to those the SEC had filed against dozens of others in related insider trading cases, only Gupta was charged administratively, denying him a trial by jury and the safeguards afforded by the ...
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Novellus 2Q Profit up but Trims 3Q Outlook
ABC News
Novellus Systems Inc., which makes equipment for producing computer chips, said Monday its second-quarter profit rose as sales grew 9 percent during the quarter, but softer sales are anticipated and the CEO lowered estimates for the third quarter. ...
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Computer problem shuts N.J. motor vehicle offices for hours | Philadelphia ...
Philadelphia Inquirer
By Joshua Adam Hicks Glynis Thompson nearly burned a personal day off from work in vain Monday as she tried to replace her lost driver's license. The Motor Vehicle Commission (MVC) office in Cherry Hill turned her away when she arrived at 10:30 am ...
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Hertz extends deadline on Dollar Thrifty deal
Tulsa World
cooperating Scott L. Thompson: Dollar Thrifty is working with both companies as they await FTC's ruling. Dollar Thrifty is trading $3 above Hertz's offer price. By JOHN STANCAVAGE World Business Editor Hertz Global Holdings Inc. extended its ...
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Micromet could get $990M from Amgen collaboration
BusinessWeek
Micromet Inc. said Monday it licensed three experimental cancer antibodies to Amgen Inc. in a deal that could be worth $990 million. Amgen agreed to pay Micromet 10 million euros ($14.3 million) upfront and it will reimburse Micromet for research and ...
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Hiring index up, job growth weak
Chicago Sun-Times
By Francine Knowles Business Reporter/fknowles@suntimes.com July 11, 2011 1:11PM The report released Monday showed the index rose to 100 in June from 99.5 in May. The index is up 5.4 percent from a year earlier. "The behavior of the Employment Trends ...
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Microchip Technology CEO Steve Sanghi sees pay rise
Bizjournals.com
Steve Sanghi saw his annual pay inch up for Microchip Technology Inc. 's fiscal year ended March 31. His total compensation package as the head of the Chandler-based Microchip increased to $5.32 million, up from $5.05 million in fiscal 2010 and $4.54 ...
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