Business and Finance News BP scaling back oil response efforts
Kuala Lumpur News.Net
BP will begin scaling back its oil containment efforts, CEO-elect Robert Dudley told reporters on his first trip to the Gulf since the board vote.
 Unemployment soaring for Spain
Kuala Lumpur News.Net
Spain's economy continues to take a hammering with the latest unemployment figures showing the highest levels in thirteen years.
Paperwork Nightmare: A Struggle to Fix New Law
ABCNews
Tucked into the nation's massive new health care law is a requirement that could become a paperwork nightmare for nearly 40 million businesses. The rule: They must file tax forms for every vendor t...
House Approves Oil Spill Bill; Stalled in Senate
ABCNews
Demonstrator Mary Ann Thomas wears chocolate syrup on her face next to a similarly stained stuffed duck on a fence during a protest in Berkeley, Calif. on Friday, July 30, 2010 to mark the 100th day a...
Arizona immigration law appeal set for November
Fox Business
July 31, 2010 * Court to hear Arizona's appeal on immigration law * Request for expedited hearing denied PHOENIX, Ariz. (Reuters) - A U.S. court denied a request for an expedited hearing Frida...
Arena Rises As Editorial Raises Questions About Rival
Fox Business
ARNA ) stock rose 14% on optimism for its experimental weight-loss drug Lorcaserin, after an editorial in a medical journal raised questions about the need for more data from a potential rival treatme...
Out of Pilots, Philippine Airline Grounds Flights
ABCNews
Good morning, passengers, and welcome aboard. We're expecting clear skies today, but we're out of pilots. National air carrier Philippine Airlines had to cancel at least five flights Saturday — o...
Seardel sees loss 23.4 cents vs 53.3 cents earnings
Business Report
Submit your comment Seardel last week reported that its headline loss per share for the six months ended September 2009 was at 23.4 cents, down 56.2 percent from the 53.3 cents reported last year. ...
HCI: Seardel gives earnings boost
Business Report
Submit your comment Hosken Consolidated Investments (HCI) reported a 17 percent rise in full-year earnings yesterday, helped by growth in its media business and its stake in textile firm Seardel. H...
Wall Street trades flat after mixed data
People's Daily
A trader works on the floor of the New York Stock Exchange in New York, the United States, July 30, 2010. Wall Street traded flat on Friday as investors weighed mixed messages in economic reports. (Xi...
July is best month for stocks on Wall Street in a year
Business Journal
July ended up being a big positive month for the stock market, as the Dow Jones Industrial Average closed up nearly 7.1 percent for the month, making it the strongest month in a year. While news that...
US stocks move little but have best month in a year
New Zealand Herald
NEW YORK - Stocks had a fitting end to a choppy July on Friday, US time, as prices seesawed their way to a narrowly mixed finish. But despite the turbulence, this was still the market's best month in ...
Mexico says GDP up about 7 pct yr/yr in 2nd qtr
Fox Business
July 31, 2010 MEXICO CITY (Reuters) - Mexico's finance ministry said Friday the Mexican economy likely grew about 7 percent during the second quarter from a year earlier. The ministry also said ...
U.S. bank failures total 108 after 5 shut on Friday
Fox Business
July 31, 2010 By Corbett B. Daly WASHINGTON, July 30 (Reuters) - U.S. bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the So...
US Regulators Close Five Banks In Four States
Fox Business
WASHINGTON -(Dow Jones)- U.S. regulators closed five more banks in four states Friday evening, as a still-weak economy continues to batter the banking industry. Federal regulators said banks in Georgi...
US Regulators Close LibertyBank In Eugene, Ore
Fox Business
WASHINGTON -(Dow Jones)- U.S. regulators closed LibertyBank of Eugene, Ore., bringing the 2010 total of failed banks to 108. The Oregon Division of Finance and Corporate Securities seized the bank, wh...
Wall Street marks best month in a year in July
Business Standard
US stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of...
Microsoft rushes fix for Windows shortcut hole
CNet
(Credit: Microsoft) Microsoft plans to release a patch on Monday for a flaw involving how Windows handles shortcut files, after seeing the hole being used to spread a particularly nasty and fast-s...
July is best month for stocks on Wall Street in a year
Business Journal
July ended up being a big positive month for the stock market, as the Dow Jones Industrial Average closed up nearly 7.1 percent for the month, making it the strongest month in a year. While news that...
Mass. Legislative Leaders OK Deal on Casino Bill
ABCNews
Massachusetts House and Senate leaders agreed Friday to the state's most sweeping expansion of gambling in four decades — drawing immediate criticism from Gov. Deval Patrick, who said he can't sign ...
Wealthy Dallas Brothers Become SEC Fraud Target
ABCNews
FILE ** In this file photo of Sept. 2, 2008 Sam Wyly poses at his Explore book store in Aspen, Colo. Famed Dallas billionaire investors Sam and Charles Wyly made $550 million in undisclosed profits th...
Some signs of a slowly rebounding economy
Star Tribune
Steve Meads could use a few more customers like Mike Barry. Barry is president of Twin City Fan & Blower, a manufacturer of industrial fans and ventilation systems that is growing. And Meads, pre...
Top local Teamster splits with Hoffa
Star Tribune
Veteran Twin Cities labor leader Tom Keegel has been at James P. Hoffa's side in the Teamsters union for 12 years. The Hoffa-Keegel ticket -- with Hoffa as president and Keegel as the No. 2 man -- ha...
Dinkytown gets something it has lacked: a drugstore
Star Tribune
A big-name pharmacy will open in Dinkytown in August, the college neighborhood's first drugstore in more than a decade. While mom-and-pop shops outnumber brand-name stores in Dinkytown, some of the a...
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