Business News - The Last 24 Hours
Obama asks House to vote on health care billAP - 23 min 24 sec ago
WASHINGTON (AP) -- President Barack Obama summoned Democrats to "answer the call of history" Saturday as the House pushed toward a vote on a landmark health care bill holding out the promise of coverage for tens of millions who lack it....
- RELATED:
- Wall Street Journal - House Moves Toward Vote on Health Bill - 35 min 23 sec ago
- AP - House, Senate health care bills detailed - 52 min 26 sec ago
- Business Day - Obama pleads for health care overhaul - 2 hours 47 min ago
- Business Day - Obama to push lawmakers on health care vote - 10 hours 20 min ago
- Business Day - Obama to push lawmakers as health care vote looms - 18 hours 20 min ago
Windfall Is Seen as Bank Bonuses Are Paid in Stock
New York Times - 2 hours 2 min ago
Bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply during the financial meltdown.
- RELATED:
- New York Times - British Bankers Defend Their Pay and Bonuses - 16 hours 25 min ago
G20 vows to spur fragile growth
BBC - 2 hours 41 min ago
The recovery is too weak to end stimulus moves, G20 ministers say, as Britain suggests a transaction tax to fund bailouts.
- RELATED:
- Business Day - G20 agrees timetable for monitoring economic policy - 3 hours 57 min ago
- Reuters India - HIGHLIGHTS - Comments from G20 finmins, c.bankers meeting - 5 hours 32 min ago
- Business Day - G20 wants 'ambitious' Copenhagen talks - 6 hours 16 min ago
- Business Day - G20 wants 'ambitious outcome' at climate talks - 6 hours 25 min ago
- Business Day - G20 'agrees timetable' for monitoring economic policy - 7 hours 5 min ago
- Reuters India - Britain urges divided G20 to reach climate deal - 8 hours 50 min ago
- Business Day - Brown says G20 should consider transactions tax - 11 hours 28 min ago
- Business Day - Britain rallies G20 on climate change - 11 hours 32 min ago
- Reuters India - UK urges divided G20 to reach climate finance deal - 12 hours 10 min ago
- BBC - G20 summit tries to tackle rifts - 13 hours 11 min ago
Stimulus, not transactions tax needed: Geithner
Reuters - 2 hours 53 min ago
ST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.
- RELATED:
- AP - G-20 finance officials: Too early to end stimulus - 3 hours 48 min ago
- Reuters India - U.S. Geithner says need to keep stimulus on - 6 hours 37 min ago
Wall Street firms skittish about RUSAL IPO: reportReuters - 3 hours 1 min ago
CHICAGO (Reuters) - Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.
- RELATED:
- Reuters India - Wall St trial summations hone in on 'toast' email - 21 hours 8 min ago
- COMMENTARY:
- Boom2Bust - Wall Street Follies - 22 hours 30 min ago
Jobless: 10 percent is tougher than it used to beAP - 3 hours 10 min ago
WASHINGTON (AP) -- It hurts more to be unemployed now than the last time the jobless rate hit 10 percent....
- RELATED:
- Reuters - Jobless rate surges to 10.2 percent - 5 hours 57 min ago
- AP - Analysis: 10 percent jobless is Obama's new world - 10 hours 2 min ago
- Business Day - 10 percent jobless rate adds to pressure on Obama - 17 hours 37 min ago
- Wall Street Journal - Grim Milestone: Jobless Rate Tops 10% - 17 hours 42 min ago
- Business Day - Jobless rate to put pressure on Obama - 21 hours 57 min ago
- AP - Obama signs bill assisting homebuyers, jobless - 22 hours 50 min ago
IMF says stimulus needed to aid 'nascent' recoveryBusiness Day - 3 hours 52 min ago
The International Monetary Fund on Saturday said emergency stimulus measures must remain to avoid endangering a "nascent" economic recovery, as the G20 agreed here to maintain support.
- RELATED:
- Reuters India - IMF's Boutros-Ghali says FX problems symptom not cause - 12 hours 59 min ago
- Reuters India - IMF releases $329.4 million loan to Sri Lanka - 21 hours 17 min ago
UK gives impetus to global banks tax
Reuters - 4 hours 3 min ago
ST ANDREWS, Scotland (Reuters) - Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.
- RELATED:
- Reuters India - UK joins G20 push for world levy on banks - 5 hours 25 min ago
- BBC - Banks must act on refunds rules - 9 hours 20 min ago
- Reuters India - UK gives ground on global tax on banks - 10 hours 46 min ago
- AP - Banks in Ga., Mich., Minn., Mo., Calif. closed - 19 hours 35 min ago
- COMMENTARY:
- Seeking Alpha - The Secondary Bailout Market for Banks, REITs - 46 min 46 sec ago
China presses developed world on economic policy
Reuters India - 4 hours 42 min ago
ST ANDREWS, Scotland (Reuters) - China on Saturday shrugged off international pressure to appreciate its currency, saying developed countries should focus on the quality of their own economic policy-making.
G20 to keep stimulus till recovery assured - draft
Reuters India - 7 hours 10 min ago
ST ANDREWS, Scotland (Reuters) - Global economic conditions have improved but are still uneven and dependent on policy support, according to a draft of the G20 finance ministers' and central bankers' end-of-meeting communique.
- RELATED:
- AP - What recovery? Unemployment shoots past 10 percent - 23 hours 7 min ago
Blackstone, Fortress Benefit From Market Gains
Wall Street Journal - 8 hours 47 min ago
Both Blackstone and Fortress posted third-quarter earnings that showed how the sharp market rally has improved the fortunes of private equity and hedge funds.
- RELATED:
- Financial Times - Blackstone to pounce on rivals hit by crisis - 22 hours 17 min ago
- Reuters - Blackstone profit tops view; sees more deals ahead - 23 hours 4 min ago
- COMMENTARY:
- Seeking Alpha - Blackstone Group: Recovery Marches On - 23 hours 46 min ago
British Airways to lay off 4,900 workers
UPI - 9 hours 21 min ago
LONDON, Nov. 7 (UPI) -- A disastrous summer is prompting British Airways to lay off about 4,900 workers, or 12 percent of its staff, company officials say.
- RELATED:
- New York Times - British Airways to Cut Another 1,200 Jobs - 16 hours 26 min ago
- Business Day - British Airways eyes recovery after 3000 more jobs go - 21 hours 29 min ago
Citigroup issues employees stock optionsUPI - 9 hours 24 min ago
NEW YORK, Nov. 7 (UPI) -- The giant U.S. bank Citigroup says it is distributing stock options to its employees in a bid keep them on board at the bailed-out institution.
- RELATED:
- New York Times - To Retain Its Bankers, Citi Offers Option Plan - 16 hours 52 min ago
- Reuters India - Citigroup says new rules may hit securitization - 20 hours 7 min ago
- Business Day - Former Citi chief says sorry for bank crash - 21 hours 29 min ago
Obama weighs steps to spur jobs, wary on deficitReuters India - 9 hours 25 min ago
WASHINGTON (Reuters) - U.S. President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that unemployment spiked to a 26 1/2-year peak last month.
- COMMENTARY:
- Industry Standard - Stimulus for tech and telecom $3B, but jobs still guesswork - 21 hours 1 min ago
Raising output not on OPEC agenda now-UAE oil minReuters India - 11 hours 48 min ago
DUBAI (Reuters) - United Arab Emirates Oil Minister Mohammed al-Hamli said on Saturday raising oil production was not currently on the agenda for OPEC.
- RELATED:
- Reuters India - INTERVIEW - Canada steps up oil sands push in United States - 18 hours 58 min ago
- Business Day - Oil tumbles after US jobless rise - 21 hours 55 min ago
- AP - Oil settles lower after US unemployment report - 22 hours 7 min ago
- UPI - Crude oil prices slide Friday - 23 hours 39 min ago
- COMMENTARY:
- BloggingStocks - Trade #1: Canadian Oil Sands Trust (COSWF) - 6 hours 47 min ago
Hedge-Fund Giant Surfaces in Trading Probe
Wall Street Journal - 13 hours 36 min ago
The widening probe of insider trading on Wall Street is expected to examine transactions at Steven A. Cohen's SAC, one of America's largest and most successful hedge funds.
HIGHLIGHTS - Comments from G20 finmins, central bankers meeting
Reuters India - 13 hours 54 min ago
ST ANDREWS, Scotland (Reuters) - Following are comments on Saturday from Group of 20 finance ministers, central bank policymakers and officials meeting in Scotland.
- RELATED:
- Reuters India - Comments from G20 finmins, central bankers meeting - 14 hours 8 min ago
GM in talks to bring Chinese cars to India: reportBusiness Day - 14 hours 19 min ago
US auto giant General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India.
- RELATED:
- Wall Street Journal - GM Advances Opel Restructuring - 20 hours 3 min ago
Stocks and Bonds: Seeing the Glass Half Full Despite the Day’s ReportsNew York Times - 14 hours 28 min ago
The market had been expecting unemployment to top 10 percent before peaking. But the pace of job losses has accelerated and the rate is likely to go higher.
- RELATED:
- Reuters India - GLOBAL MARKETS - Stocks shrug off data, gold hits high, oil sinks - 22 hours 46 min ago
- AP - Stocks post modest gains as job losses slow - 23 hours 37 min ago
Berkshire Says Profit Tripled in Quarter
New York Times - 16 hours 22 min ago
The big Warren Buffett-led conglomerate said its third-quarter profit tripled as the improving economy and stock market boosted the value of its derivative contracts.
- RELATED:
- Reuters India - Berkshire reinsurance volume limited by Burlington - 20 hours 2 min ago
- Wall Street Journal - Berkshire's 'Green' Bets - 20 hours 58 min ago
- AP - Berkshire Hathaway says 3Q profit triples to $3.2B - 21 hours 15 min ago
- Wall Street Journal - Stock Rebound Boosts Berkshire - 21 hours 41 min ago
- Reuters - Berkshire Hathaway's net income triples - 22 hours 59 min ago
Founders Win a Piece of Skype From eBayNew York Times - 16 hours 39 min ago
The founders of Skype will drop their lawsuits against the company and a consortium of buyers who bid to purchase Skype. In exchange, the founders will get a 14 percent share in the new Skype.
Freddie Mac posts $5 bln loss, predicts weak housing
Reuters India - 17 hours 4 min ago
NEW YORK (Reuters) - Freddie Mac, the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.
- RELATED:
- Wall Street Journal - Freddie to Request Further Handouts - 21 hours 37 min ago
- AP - Freddie Mac loses $6.3B in 3Q - 22 hours 11 min ago
- Reuters - Freddie Mac posts $5 billion loss - 23 hours 50 min ago
Warren Buffett's Berkshire says net income triples
Reuters India - 18 hours 4 min ago
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
- RELATED:
- Business Day - Buffett's Berkshire Hathaway profit triples - 18 hours 25 min ago
- Financial Times - Buffett's Berkshire Hathaway triples profit - 22 hours 9 min ago
- COMMENTARY:
- The Big Picture - Buffett’s Bailouts - 3 hours 16 min ago
- BloggingStocks - Comfort Zone Investing: Buffett buys Burlington - 7 hours 17 min ago
- Morningstar - Betting with Buffett - 10 hours 47 min ago
PREVIEW - Retailers in focus as earnings season draws to a close
Reuters India - 19 hours 31 min ago
NEW YORK (Reuters) - U.S. retailers are poised to defy gloom next week as earnings expectations have improved, but the big test will be what they say about holiday shopping.
- RELATED:
- Business Day - Retailers' results to test confidence - 22 hours 2 min ago
- Reuters - Stocks eye retailers as jobless ranks swell - 22 hours 48 min ago
The future of airline seating: watch this spaceBusiness Day - 22 hours 47 min ago
Passengers want more room, airlines want more seats. Kay O'Sullivan finds designs that might satisfy everyone.
Sun Micro sales fall, Oracle deal delay stingsReuters - 23 hours 56 min ago
NEW YORK (Reuters) - Computer maker Sun Microsystems Inc suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its business.
