Business News
Jackson Hole dispute: more economic medicine?
MARKETWATCH FRONT PAGE The U.S. economy is looking sick and the doctors are bickering about what, if anything, to do. That’s the broad takeaway from conversations at the Federal Reserve’s annual policy retreat in Jackson Hole, Wyo. See full story. How to play the technology stock M&A wave Nowadays, Willie Sutton might be avoiding banks [...]
China Expands Access to Bond Market
China’s central bank said it will widen overseas access to its domestic bond market as part of a program to promote the use of its yuan currency in international trade. The trial program, announced Tuesday, will allow some yuan held offshore to be invested in China’s interbank bond market, where most government and corporate debt [...]
Oil Falls for a Second Day on Concern Demand Growth May Slow
Crude oil fell for a second day after a Federal Reserve assessment that the U.S. economic outlook has “softened” added to concern the world’s biggest energy-consuming nation may struggle to sustain a recovery. Oil declined after most U.S. equities pulled back, halting a six-day rally, as a drop in monthly retail sales and minutes from [...]
Oil Rises With Equities After Report Shows Gasoline Supply Drop
Oil rose more than 2 percent in New York as equities rallied and an industry report showed a decline in U.S. gasoline inventories, drawing investors back to crude. Oil surged as European stocks rebounded from an eight-month low on speculation that this month’s slump may have been overdone. The American Petroleum Institute said yesterday that [...]
Euro Hits Four-Year Low; Asian Stocks Continue Their Slide
The euro began the week by hitting a four-year low against the dollar and Chinese equities joined the decline in global stocks Monday, adding a new element of concern to the recent market turmoil. Euro-zone finance ministers were to hold their regular monthly meeting in Brussels late Monday, but some analysts said policymakers were running [...]
Letter carriers across the nation ‘Stamp Out Hunger’ with food drive
Updated: Saturday, 08 May 2010, 11:39 PM CDT Published : Saturday, 08 May 2010, 11:37 PM CDT Letter carriers across the nation were out on a mission to help stamp out hunger Saturday. May 8th marked the 18th annual National Association of Letter Carriers Food Drive. Carriers collect donations of non-perishable foods placed near [...]
Asian Stocks Retreat Following U.S. Rout on Europe Debt Concern
Asian stocks slumped, dragging the MSCI Asia Pacific Index to a 10-week low, following a rout in U.S. equities on concern the European debt crisis will spread and hurt the global recovery. HSBC Holdings Plc, Europe’s biggest bank, plunged 4.2 percent, as financial companies led declines. Nintendo Co., the world’s biggest maker of game consoles, [...]
How the Destinies of Motorola and Palm Grew Apart
For much of this decade, the fates of Palm and Motorola were intertwined. Both were early innovators in the mobile phone industry, but neither had had a hit in years. Motorola, which had invented cellphones and found great success with the Razr, and Palm, which pioneered the hand-held computer category, watched more nimble competitors lure [...]
Samsung Posts Record Profit on Rebound in Chip Prices (Update2)
Samsung Electronics Co., Asia’s biggest maker of semiconductors, flat screens and mobile phones, reported record profit after rebounding demand for personal computers drove up chip prices. First-quarter net income rose almost seven-fold to 3.99 trillion won ($3.6 billion) in the three months ended March 31, from 582.2 billion won a year earlier, the Suwon, South [...]
Big business pleads for loopholes in financial regulatory reform
Here’s a simple explanation for the financial crisis: Too much cheap credit was extended to households, businesses and even sovereign governments that couldn’t afford to carry that debt or pay it back. The obvious implication is that, going forward, credit and other financial risks should be made more expensive and harder to get. Now, however, [...]
