Reuters: Business News
Stocks rally as jobs data spurs optimism
NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.


Taxpayers likely to face initial loss on GM IPO: sources
NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.


Payrolls data offer ray of hope for recovery
WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.


China tells state companies to explore Potash bid
TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.


Obama to address new economic ideas next Wednesday
WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.


Ex-Goldman programmer wins partial dismissal
NEW YORK (Reuters) - A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc computer programer of stealing proprietary computer code from the bank's lucrative high-frequency trading platform.


Madoff investors win $12.74 mln in Merkin case
NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.


Petrobras to sell $65 billion stock in record offer
RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- sending its stock sharply higher after months of uncertainty that dragged on its share price.


Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea
DETROIT/SEOUL (Reuters) - Kia Motors said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires.


BP says failed blowout preventer off Gulf well
HOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.


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Reuters: Top News
Earthquake of 7.1 magnitude hits New Zealand city
WELLINGTON (Reuters) - A major earthquake hit New Zealand's second biggest city Christchurch early on Saturday, bringing down power lines, ripping up roads and wrecking building facades, but authorities reported no deaths.


Taxpayers likely to face initial loss on GM IPO: sources
NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.


Obama to address new economic ideas next Wednesday
WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.


U.S. and Israel spying behind BlackBerry woe: Dubai police
DUBAI (Reuters) - Concerns over Israeli access to BlackBerry data, and the use of the device by the United States to spy on the United Arab Emirates are behind the Gulf state's moves to curb the smartphone, Dubai's police chief said.


Hurricane Earl slowly weakening on northward trek
HYANNIS, Massachusetts (Reuters) - A weakened but still dangerous Hurricane Earl churned toward the Massachusetts coast on Friday, en route to Canada's Maritime provinces, after slapping North Carolina with heavy wind and rain but causing less damage than feared.


Bomb kills 54 in Pakistan, Taliban threatens U.S.
QUETTA, Pakistan (Reuters) - A suicide bomber struck a rally in the Pakistani city of Quetta on Friday, killing at least 54 people in the second major attack this week and piling pressure on a U.S.-backed government overwhelmed by a flood crisis.


Government probes Mariner platform fire
HOUSTON (Reuters) - The U.S. government on Friday launched an investigation into Mariner Energy Inc's Gulf of Mexico platform fire, according to the U.S. Coast Guard.


Google faces Texas AG inquiry, settles privacy suit
SAN FRANCISCO (Reuters) - Google Inc said on Friday it was the target of an investigation by the Texas Attorney General's office into the fairness of its search engine rankings.


Madoff investors win $12.74 mln in Merkin case
NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.


BP says failed blowout preventer off Gulf well
HOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.


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Reuters: World News
Earthquake of 7.1 magnitude hits New Zealand city
WELLINGTON (Reuters) - A major earthquake hit New Zealand's second biggest city Christchurch early on Saturday, bringing down power lines, ripping up roads and wrecking building facades, but authorities reported no deaths.
Bomb kills 54 in Pakistan, Taliban threatens U.S.
QUETTA, Pakistan (Reuters) - A suicide bomber struck a rally in the Pakistani city of Quetta on Friday, killing at least 54 people in the second major attack this week and piling pressure on a U.S.-backed government overwhelmed by a flood crisis.
Clinton: time ticking for Israel-Palestinian peace
WASHINGTON (Reuters) - Secretary of State Hillary Clinton on Friday urged Israel and the Palestinians to overcome the final obstacles to peace, saying their new talks may be a last chance to end the conflict.
Eight die as wildfires consume Russian villages
MOSCOW (Reuters) - Wildfires swept through dozens of villages in southern Russia, killing at least eight people and reducing more than 400 homes to smoldering ruins, officials said Friday.
Two Mexican congressmen die in plane crash
OAXACA, Mexico (Reuters) - Two members of Mexico's Congress were among six people killed on Friday when their private plane crashed near a popular Mexican Pacific beach resort, officials said.
Drug shootout with army kills 25 in Mexico
MEXICO CITY (Reuters) - At least 25 suspected drug gang members were killed in an army raid in rural northeastern Mexico on Thursday, the army said in a press release.
Cuba's Fidel Castro makes first public speech in years
HAVANA (Reuters) - Former Cuban leader Fidel Castro, wearing his green military cap and clothing like the commandant of old, made his first speech before the Cuban public Friday since falling ill in 2006, warning of the threat of nuclear war.
Mexican women work, die for gangs in drug war city
CIUDAD JUAREZ, Mexico (Reuters) - More women are working and dying for powerful drug cartels in Mexico's most violent city as high unemployment along the U.S. border sucks desperate families into the lethal trade.
Over two dozen minors raped in eastern Congo: U.N.
UNITED NATIONS (Reuters) - More than two dozen children in the Democratic Republic of the Congo are among the hundreds of victims of a recent wave of rapes in the nation's conflict-torn east, the United Nations said on Friday.
UPS cargo plane crashes in Dubai, two killed
DUBAI (Reuters) - A Boeing 747-400 cargo plane operated by United Parcel Service Inc crashed shortly after takeoff into a military compound near Dubai's airport on Friday, killing two crew members, authorities said.
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DealBook
Goldman Said to Plan Closing Prop Trading Desk
Goldman Sachs is closing its Principal Strategies group, which trades using the firm's own money, Bloomberg News reported Friday.
Mariner and the MAC Question
A fire at a Mariner Energy platform in the gulf raised concerns that Apache might exercise the material adverse change clause in their merger agreement. But the Deal Professor says there is no cause for MAC litigation.
Wall St. Said to Finance Dinallo for Attorney General
The onetime lieutenant of Eliot Spitzer is now being backed by financiers as the next attorney general of New York, The Financial Times reports, citing an analysis of campaign contributions.
Big Winners in 3Par Bidding War: 3 V.C. Firms
Three of 3Par's earliest backers have reaped about $560 million from the bidding war between Dell and Hewlett-Packard over the data storage company.
Morning Take-Out
How the stimulus is changing America; Depression economics; an American (start-up) in Paris
Ex-G.M. Chief to Lead Sunoco Spinoff
Nine months after his ouster from G.M., Fritz Henderson will lead Sunoco's spinoff of its coking unit and eventually become the division's chairman and chief executive.
Goldman Says Basis Capital Can't Sue It in U.S.
Basis Capital, an Australian hedge fund suing Goldman Sachs for $1 billion for losses related to credit default swaps, made the deal in Australia and can't sue in the United States, Goldman Sachs has said, Bloomberg News reports.
In Sudden Bidding War, Andean Goes With Goldcorp
Goldcorp, the Canadian gold mining company, said Friday that it would buy its Australian rival, Andean Resources, for 3.6 billion Canadian dollars in cash and stock, beating out an all-share offer from Eldorado Gold.
Petrobras Could Raise $75 Billion in Offering
Petroleo Brasileiro, Brazil's state-controlled oil company, may raise as much as $75 billion in a sale of new voting and preferred shares as part of a stock-for-oil swap with the government, Bloomberg News reported.
Ping An Stock Offering Raises $1.2 Billion
Shares in Ping An Insurance climbed after TPG Capital's Asian unit sold the remainder of its stake in China's second-biggest insurer, Bloomberg News reported.
China Said to Approach Alberta Fund to Block BHP
Chinese investors approached Alberta Investment Management to consider a joint counterbid for Potash of Saskatchewan, the Canadian pension fund's chief executive officer said.
Banker's Book Triggers Race Debate in Germany
When a German banker and former government official spoke publicly about a unique "Jewish gene," when he attacked Islam as a source of violence and stunted development and when he espoused genetic theories that evoked the Nazi past, the political leadership quickly called for him to be fired.
Cleaner Chatroulette Rival Raises Seed Round
VChatter, a video chat startup led by online dating pioneer Will Bunker, has raised $250,000 in seed funding, VentureBeat reported.
Ex-Lehman Trader's Fund Set to Double Assets
The OGI Global Macro Fund, run by former Lehman Brothers Holdings proprietary trader Allan Bedwick, is set to double assets to about $100 million this month after outperforming hedge-fund peers globally, Bloomberg News reported.
Och-Ziff Says Assets Up by $200 Million
Och-Ziff Capital Management Group, the New York hedge fund firm run by Daniel Och, said assets under management rose by $200 million last month as investors deposited money in its funds, Bloomberg News reported.
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NYT > Business
Private Sector in U.S. Added More Jobs Over Summer
American businesses added more jobs in the last three months than originally estimated, but the wheels of the economic recovery are still spinning in place.
Wall Street Finishes Higher for the Week
A better report on job creation was the latest piece of good news on the economy, and pushed shares higher.
News Analysis: E.U.'s Big Step Toward Crisis Prevention
The European Union has created new financial watchdogs to prevent future economic crises that have thrown the future of the euro into question.
Goldcorp Outbids Rival for Andean Resources
The Canadian gold miner said that it would buy its Australian rival for 3.4 billion dollars in cash and stock, beating an all-share offer from Eldorado Gold.
U.N. Agency Calls Meeting on Spike in Food Prices
The announcement by the Rome-based Food and Agriculture Organization followed Russia?s decision to extend its ban on wheat exports.
Putin Extends Ban on Russian Grain Exports
Prime Minister Vladimir V. Putin announced Thursday that Russia?s ban on grain exports would be extended well into next year because of continued uncertainty over production.
Toyota Feels Exchange-Rate Pinch as Rivals Gain
For all the turmoil over Toyota's wave of recalls, the world's largest automaker may face a bigger problem: the surging yen.
Strong Yen Helps to Fuel Germany?s Export Boom
European companies tend to focus on the dollar exchange rate, but the yen?s recent strengthening is playing a role in Germany?s export boom as well.
BP Says Limits on Drilling Imperil Spill Payouts
The company says proposed legislation could disrupt its efforts to set aside $20 billion for claims and penalties.
News Analysis: France?s President May Have a Tough Time Selling His G-20 Goals
As Nicolas Sarkozy prepares to take over as president of the Group of 20 on Nov. 12, analysts say many of his proposals appear to be hamstrung from the start.
Depositors Panic Over Bank Crisis in Afghanistan
A bank official tried to calm fears of a meltdown at Kabul Bank, while depositors were unable to withdraw money.
Bernanke Says He Failed to See Financial Flaws
The Federal Reserve chairman also said it was impossible for the government to save Lehman Brothers in 2008.
European Central Bank Optimistic About Economy
The central bank will continue to offer liquidity to banks that have trouble obtaining short-term funds from other banks or in the money markets.
Royal Bank of Scotland Plans to Cut 3,500 Jobs
The layoffs represent about 2 percent of the remaining work force of the bank, which is seeking to pay back a taxpayer-financed bailout.
Discounts Help Lift Back-to-School Sales
Retail sales rose 3.3 percent, more than forecast. But the results are measured against a weak month a year ago.
Burger King Agrees to $4 Billion Private Equity Offer
The deal is the largest leveraged buyout of a fast-food chain ever and the second for Burger King in the last eight years.
Monetary Fund Warns G-7 on Debt Levels
The world?s most developed economies face record levels of debt as a result of the 2008-9 financial crisis and have little room to maneuver, the I.M.F. warned.
From Apple, a Step Into Social Media for Music
Apple on Wednesday introduced a social media service geared to music lovers that is built into iTunes, revamped its lineup of iPods and unveiled an upgraded version of its set-top box.
Child?s Ordeal Shows Risks of Psychosis Drugs for Young
Powerful drugs are given to young children despite a lack of study on how they affect development.
Of Two Minds About Books
The book business tries to serve two readers, the one who loves the tactile page and the one who loves the digital ease.
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NYT > Technology
YouTube Ads Turn Videos Into Revenue
YouTube is expected to turn a profit this year, on revenue of about $450 million, with help from its onetime critics.

Video Game Maker Take-Two Reports an Unexpected Profit
The publisher of the Grand Theft Auto video games raised its outlook on the strength of its newest release, Red Dead Redemption.

Texas Attorney General Investigates Google Search
Google said that the Texas attorney general is conducting an antitrust review on the fairness of Google's search results.

Google to Simplify Its Privacy Policies
Google will update its privacy policies next month to offer simpler, more transparent language, but a privacy expert worry that the changes are actually bad for consumers.

Apple-Facebook Friction Erupts Over Ping
Apple's entry into social media has created bumps in its relationship with Facebook.

What It Means When YouTube Gets Small, and Big
People are increasingly watching YouTube videos on cellphone screens, which could lead to new kinds of videos and advertising.

Why I.B.M. Took a Different Path in Storage
I.B.M.'s strategy in the storage business has been guided by its research labs spotting future trends.

H.P. Outbids Dell for Data Storage Company
Hewlett-Packard offered about $2.3 billion, ending an 18-day bidding war. The price reflects a growing urgency to use acquisitions to fuel growth.

Consumer Watchdog Group Goes After Google
A consumer watchdog group began an advertising campaign aimed at Google and its chief executive. It hopes to create a "Do Not Track Me" list for Web users.

From Apple, a Step Into Social Media for Music
Apple on Wednesday introduced a social media service geared to music lovers that is built into iTunes, revamped its lineup of iPods and unveiled an upgraded version of its set-top box.

Of Two Minds About Books
The book business tries to serve two readers, the one who loves the tactile page and the one who loves the digital ease.

F.C.C. Seeks More Input on Wireless Internet Rules
The F.C.C.?s decision to seek more comments on preserving an open and competitive Internet precludes any agency action before the midterm elections.

Advertising: Scholastic Books Revamps Its Marketing
The company said it wanted to keep better track of teachers who were new or who had departed and use more methods of communication.

Sweden Reopens Rape Investigation of WikiLeaks Founder
Swedish authorities said they reopened an investigation of rape allegations against Julian Assange.

China Will Require ID for Cellphone Numbers; Noncompliance Means No Service
The government is looking to curb cellphone spam, pornography and fraud schemes.

To Win Over Users, Gadgets Have to Be Touchable
Researchers say that touch screens are the start of a trend to make computers more open to human gestures.

H.P. to Work With Hynix on New Computer Memory Chips
A simpler alternative to transistors, the memristor, will allow for more computer memory in even smaller devices.

Washington Post Suspends Columnist for Twitter Hoax
Mike Wise said in his Twitter account that a Pittsburgh Steelers quarterback was suspended for five games.

Mormon Media Empire Goes More Digital
The Deseret News has laid out an ambitious plan to enhance its digital coverage and begin using a collection of freelance contributors to supplement its news report.

State of the Art: Your Own Hot Spot, and Cheap
Virgin Mobile?s MiFi is nearly like the ones offered by Sprint and Verizon but with three exceptions: an unlimited data plan, no contract and a $40-a-month service fee.

In Search of a Case to Protect the iPad
While none of the iPad cases are perfect, the variety is endless; one even has a 100-year warranty.

App Smart: How to Get Loyalty Card Prices Without Loyalty Cards
Two apps, Cardstar and Key Ring, serve as repositories for your loyalty shopping card numbers. You just hand your phone to the cashier at checkout.

Spammers Quick to Embrace Ping, Security Firm Says
Apple's new music social network is especially vulnerable to spam, a security firm says.

No, Facebook Places Is Not Tracking You
A widely circulated message on Facebook is spreading some misinformation about the site's Places service.

A Move by Sony, to Compete With the Wii
Sony's new PlayStation Move gives the Nintendo Wii some competition.

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BBC News - Business
UN calls special food price talks
The United Nations' food agency calls a special meeting of policy makers to discuss the recent rapid rises in food prices.
HSBC threatens to quit London HQ
HSBC may quit its London headquarters if the UK government decides to break up big banks, a senior executive says.
Petrobras files $65bn share offer
The Brazilian state oil company, Petrobras, unveils plans to sell up to $64.5bn of new stock, in one of the world's largest share offers.
BP says oil spill cost up to $8bn
BP says the cost of its Gulf of Mexico oil spill has risen to $8bn - a rise of more than $2bn in the last month alone.
Bank customers in 'dire poverty'
Banks are accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.
Nigerian economy 'to grow by 10%'
Nigeria's economy will hit double-digit growth by the end of 2011 or early 2012, the country's finance minister says.
Shift in home loan availability
The cost of mortgages is continuing to fall and they are becoming more accessible to some borrowers, figures show.
US sees 54,000 jobs go in August
The US economy shed another 54,000 jobs in August, the third month in a row that jobs have been lost, official figures show.
UK builders and services falter
New data shows new construction orders contracted in the second quarter, while the services sector slowed sharply in August.
'Big drop' in alcohol consumption
Alcohol consumption has fallen faster than ever, figures from the British Beer and Pub Association suggest.
Europe agrees finance watchdogs
The European Union agrees to reform financial supervision, with new agencies to oversee banks, insurers and financial markets.
Chinese consider rival Potash bid
Chinese investors approach Canadian pension fund over a possible rival bid for the fertiliser giant Potash Corporation.
Andean gold in $3bn bidding war
Rival Canadian gold mining companies, Goldcorp and El Dorado, lock horns in a $3bn fight to buy up Andean Resources.
Burger King is sold for $3.26bn
Burger King is being sold to private equity firm 3G Capital in a deal valued at $3.26bn (£2.1bn), it has been announced.
Explosion on Gulf of Mexico rig
An explosion rips through an offshore oil rig in the Gulf of Mexico, west of the site of the blast in April that caused a huge oil spill.
Four power firms face sales probe
Four of the "big six" UK energy suppliers are to be investigated amid concerns of mis-selling to customers, the regulator says.
House prices fall again in August
House prices fell for the second month in a row in August, according to the Nationwide building society.
Plans for more £5 notes in ATMs
All banks and building societies have put in place plans to begin dispensing £5 notes from the cash machines, a report reveals.
Russia extends grain export ban
Russia will consider lifting its grain export ban only after the next year's harvest has been reaped, Vladimir Putin says.
ECB ups eurozone growth forecasts
The European Central Bank raises its forecast for eurozone growth for this year and next year, and keeps interest rates on hold.
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BBC News - Home
New phone hacking inquiries call
Senior Labour politicians urge fresh inquiries into phone hacking claims surrounding the News of the World newspaper.
Blair in 'radical Islam' warning
Former Prime Minister Tony Blair tells the BBC that radical Islam is the greatest threat facing the world.
Earthquake hits south New Zealand
A state of emergency is declared in Christchurch after a 7.0-magnitude earthquake strikes New Zealand's South Island, injuring two people seriously.
Police question Pakistan players
Police question the three Pakistan players accused of corruption, while the ICC says that trio implicated have a disciplinary case to answer.
Taxpayers 'should not fund Pope'
Some 77% of Britons think taxpayers should not help pay for Pope Benedict XVI's visit to Scotland and England, a survey suggests.
Tennessee mosque fire 'was arson'
A fire that damaged construction equipment at the site of a Tennessee Islamic centre was arson, investigators say.
Worshippers 'just escaped blast'
A Hare Krishna temple in Leicester was evacuated seconds before an explosion almost destroyed the building, it emerges.
Pakistan rally bomb kills dozens
A bomb kills at least 50 people at a Shia Muslim rally in the south-western city of Quetta, the second attack on Pakistan's religious minority in days.
Tycoon Nadir bailed in fraud case
Fugitive tycoon Asil Nadir is remanded on bail at the Old Bailey at his first court appearance on fraud and theft charges.
Thompson defends BBC No 10 visit
Director general denies he compromised the BBC's independence by visiting Downing Street to discuss coverage of the government's spending cuts.
Six men jailed for Portugal abuse
Six Portuguese men are sentenced to up to 18 years in jail after being found guilty of multiple charges of sexual abuse at a state-run children's home.
Lib Dem veteran Cyril Smith dies
The former Liberal Democrat MP Sir Cyril Smith has died aged 82, his family and party confirm.
Why reading Arabic is particularly hard for brain.
Israeli scientists believe they have identified why Arabic is particularly hard to learn to read.
Sarah Kennedy is leaving BBC Radio 2
Veteran broadcaster Sarah Kennedy is leaving BBC Radio 2's Dawn Patrol show - 34 years after joining the station
England 4-0 Bulgaria
Jermain Defoe scores a hat-trick as England get their Euro 2012 qualifying campaign off to a winning start against Bulgaria at Wembley.
Murray sees off flamboyant Brown
Britain's Andy Murray overcomes the unorthodox style of Jamaica's Dustin Brown to reach the third round of the US Open.
Montenegro 1-0 Wales
Montenegro captain Mirko Vucinic scores a fine solo goal to condemn Wales to defeat in their opening Euro 2012 qualifier.
Slovenia 0-1 Northern Ireland
Substitute Corry Evans scores with his first touch to give Northern Ireland a 1-0 win over Slovenia in the opening Euro 2012 qualifier in Maribor.
Lithuania 0-0 Scotland
Scotland have to settle for a point as their Euro 2012 qualification campaign begins with frustration in Lithuania.
Probe as police crash seized car
Two police officers are suspended from driving duties after crashing a car they had seized from a suspected drink-driver.
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BBC News - Technology
PS3 hack escapes court challenge
Sony has won a permanent ban in Australia of a hack for its PS3, but the code behind it has been released for free on the web.
Memristor revolution backed by HP
A potentially revolutionary circuit component, once a laboratory curiosity, is to be mass-produced for the first time.
Global broadband divide revealed
The global disparity in access to broadband around the world and the cost of a connection is revealed by UN figures.
Samsung releases iPad competitor
Samsung has become the latest manufacturer to enter into the tablet computer market with its Galaxy Tab.
Apple creates a social network
Apple launches a music-based social network called Ping as part of its latest upgrade to the iTunes music software.
US seeks input on net data rules
US net users are being asked for their opinions about what ISPs should be allowed to do with web traffic flowing through their networks.
Dell pulls out of battle for 3Par
Dell withdraws its bid for 3Par after rival Hewlett-Packard raises its offer for the data storage company to $2.1bn.
Sony rolls out rival to iTunes
Sony has unveiled its own music and video download service in an announcement timed to coincide with an Apple media event.
Roaming iPhone glitch continues
Mobile operator O2 and Apple are still resolving a months-old data roaming issue, with customers complaining of charges they didn't incur.
Rival benefits from Digg revamp
A revamp of the social-news site Digg has unexpectedly backfired on its owners after members redirected traffic to a rival site.
New gadgets unveiled at IFA fair
Samsung's Galaxy Tab and Toshiba's Folio 100 are amongst the gadgets showcased at the world's largest consumer electronics fair in Berlin.
First 'intelligent' stamp on sale
The Royal Mail launches the world's first "intelligent" stamp, the first to work with image recognition technology.
Clicking the blue 'e'
Bill Thompson on Microsoft's game-changing browser
Paint prose
The source code MacPaint is released but who can read it?
Nothing said online is really private
Nothing said online is really private, says Bill Thompson
How to work anywhere in the world
How technology allows digital nomads to leave the office behind to work around the world
Virtual reality asks tough questions
Virtual reality is allowing scientists to ask difficult questions about human behaviour.
Online gaming takes it to the next level
Faster broadband networks could spell the end of the games console, experts say.
The rise of the 'mummy bloggers'
Parents blogging about their children have become a global force in marketing.
Girl gamers still being left out
The portrayal of women in the game's industry is still lacklustre according to experts and insiders
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Latest financial news - CNNMoney.com
Obama's economy boost - just don't call it stimulus
President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus.
Dollar slips on return to risk
As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies.
Where the jobs are now, and where they'll be next
U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs.
What went wrong at Burger King
It's not yet clear what Burger King's new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order.
Dow back in the black for 2010
Stocks closed near session highs Friday, with the Dow erasing its losses for the year, as investors welcomed a better-than-expected report on the U.S. job market.
Strongest jobs recovery in decades. Seriously
A jobless recovery? Hardly.
August jobs report: Signs of life for employment
Business hiring is picking up, but not enough to make up for the massive losses of temporary government jobs.
Kia recalling fire-prone cars
Hyundai-Kia Motors is recalling more than 35,000 cars with fire-prone electrical wiring systems, said the National Highway Traffic Safety Administration.
Stock futures pop after jobs report
Stocks futures jumped Friday after the August employment report showed that employers cut fewer jobs than economists were expecting and added more private-sector jobs than forecast.
Should US government debt be rated junk?
A few weeks ago, Hedgeye, the investment research firm where I'm a managing director, hosted a conference call for our subscribers that posed the question, "Should U.S. Government Debt Be Rated Junk Status?" Given that debt issued by the U.S. government continues to trade at almost all-time lows in yield, this is a contrarian call to say the least.
I have $10,000 and four months. Where do I invest?
Question: I have a budget of $10,000 for a stock simulation I'm doing for a business and personal-finance class. What stocks should I invest in to make the most money in four months? -- Matt
From Detroit, a fix for smog-belching motorcycles
When Americans debate the impact of fuel emissions on the environment, they usually talk about cars and trucks. But what about smaller vehicles like motorcycles, scooters, lawnmowers and ATVs?
5 things you must know about homeowners insurance
1. Loyalty is overrated
The fading iPod Classic
The iPod helped Apple rise from the dead in the last decade. But the iPod Classic, the device that jump-started that resurrection, didn't get so much as a mention from Steve Jobs at Apple's iPod event on Wednesday.
Oil roars into September 'like a lion'
After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday, and continuing to move higher Thursday following news of an oil platform explosion in the Gulf of Mexico.
Quit whining, Wall Street. Nothing has changed.
There goes Dan Loeb again, sounding off to great effect. He used to confine himself to criticizing overreaching and overcompensated CEOs, targets we could pretty much all agree on. But the prickly hedge fund manager decided to join the chorus of aggrieved financiers in his latest missive, setting his sights on today's bogeyman of choice: oppressive government.
Second act: From software to wind energy
Jim Maguire describes himself as being ahead of his time, and he's hardly bragging. In 2002, Maguire -- who managed software projects for large companies -- was consulting in Germany when he discovered "the next big thing."
Mariner Energy shares fall after platform fire
Shares of Mariner Energy tumbled Thursday after a fire in one of the company's production platforms in the Gulf of Mexico.
How trader Dick morphed into banker CEO Dick Fuld
The rumors persisted of Lehman Brothers' being taken over again, and it was against such a background that Dick devised his pièce de résistance.
Opel: The achilles heel in GM's IPO
As General Motors gets ready to take its show on the road in support of its initial public offering after Election Day, one of its biggest question marks is the future of Opel and its European division.
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BusinessWeek.com -- Top News
Recession Concerns Ease on Private Job Growth
Companies in the U.S. added more jobs than forecast in August, easing concern the economy is sliding back into a recession
Too Early to ‘Declare Victory’ as Housing Revives, Donovan Says
The housing market is showing progress two years after the credit crunch drove down home prices, though it?s too soon to ?declare victory,? Housing and Urban Development Secretary Shaun Donovan said.
Intel Wants to Be Inside Everything
Intel is counting on its Atom embedded processors to help break its dependence on the slowing PC market
The EPA's Power Play
Agency chief Lisa Jackson is using her authority under the Clean Air Act to control carbon emissions
Business Exchange: Carbon Markets
Hard Times for Wall Street's 'Sell Night' Recruits
In the post-TARP era, "sell night," the Street's annual August ritual of hosting steak dinners and strip-club expeditions, is over
Wall Street Hiring Jumps as Guaranteed Bonuses Return
Leverage is back on Wall Street -- and this time it?s the bankers who have it.
Enron’s Skilling Denied Bail During Convictions Appeal
Ex-Enron Corp. Chief Executive Officer Jeffrey Skilling was denied a request to be released from prison on bail while he appeals his 2006 fraud convictions.
Earl Upsets Travels, Weakens, on Way to New England
Hurricane Earl, weakening as it moves north toward New England and Canada, disrupted air and rail travel and lashed North Carolina?s Outer Banks with wind and rain.
North Korea’s First Congress in 30 Years May Discuss Successor
North Korea is preparing its biggest political gathering in 30 years, fueling speculation Kim Jong Il may use the forum to legitimatize a transfer of power to his youngest son as his own takeover was ensured at a 1980 summit.
New Zealand’s South Island Rocked by 7.0 Earthquake
A magnitude 7.0 earthquake struck New Zealand?s South Island, knocking out power, damaging roads and ripping facades off buildings in Christchurch, the country?s second-largest city.
Won Paces Asian Currency Gains This Week as Data Beat Forecasts
South Korea?s won paced a rally in Asian currencies this week after economic data in Asia beat analysts? estimates, boosting optimism global funds will increase holdings of regional assets.
Japan’s Bonds Fall Most Since May 2008 on Ozawa Leadership Bid
Japanese bonds completed the biggest weekly loss since May 2008 on concern a government led by Ichiro Ozawa will boost debt-fueled spending and as economic reports encouraged investors to switch to higher-yielding assets.
Mattel Sues MGA, CEO Larian Claiming Illegal Money Transfer
Mattel Inc. sued MGA Entertainment Inc., claiming the rival toy company and its chief executive officer illegally transferred more than $400 million to block Mattel from collecting the money as a creditor.
Stock Picks: Novellus Systems, Sirius XM, Take-Two Interactive
Wall Street analysts offer buy, sell, or hold opinions on stocks in the news on Sept. 3
Ex-Googler Lee Backs China Companies to Foster Startup Culture
Founded by Kai-Fu Lee, former head of Google's China division, business incubator Innovation Works is funding 12 startups amid strong demand for Web technology
In the Battle of the Big Brokers, Merrill Is Winning
Morgan Stanley has more advisers, but they bring in less profit
Stock Picks: Apple, Cisco, Zumiez
Wall Street analysts offer buy, sell, or hold opinions on stocks in the news on Sept. 2
Italy Goes After Tax Dodgers
Only 0.2 percent of Italian taxpayers declare income of more than $250,000 a year. Berlusconi's government is now determined to recoup $13 billion in unpaid taxes
Study: Most Consumers Share Whereabouts Via Mobiles
Mobile phone use is surging among U.S. adults, and most handset owners are using the devices to share information about their whereabouts, according to a new study from Pew Research Center.
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Blackwater Won Contracts via Web of Companies
The security contractor created dozens of shell companies or subsidiaries in part to obtain U.S. contracts after it was criticized for its conduct in Iraq, officials and investigators said.

Syria Moves to Curb Influence of Muslim Conservatives
The country, which had sought to show solidarity with Islamic groups and allow religious figures a greater role in public life, has reversed course.

Private Sector in U.S. Added More Jobs Over Summer
American businesses added more jobs in the last three months than originally estimated, but the wheels of the economic recovery are still spinning in place.

Hurricane Weakens as It Hits the Coast
A diminished Hurricane Earl on Friday churned north through the Atlantic toward the communities along Cape Cod.

Venerable Craft, Modern Practitioner
A family business with roots in Italy steps away from some long-held traditions to survive and grow in a modern world.

G.O.P. Poised to Control 30 Governor Seats
Republicans are on track to win approximately 30 governor seats in November, up from 23 now, according to the FiveThirtyEight forecasting model.

Your Money: How Debt Can Destroy a Budding Relationship
Because one person?s debt becomes a shared responsibility in marriage, when do you reveal a substantial liability?

7.1 Earthquake Hits New Zealand
A major earthquake hit west of Christchurch early Saturday morning, causing no immediate reports of casualties but widespread damage, authorities said.

Kara DioGuardi Exits ?American Idol?
LOS ANGELES (AP) -- Kara DioGuardi is following Ellen DeGeneres and Simon Cowell out the door at ''American Idol.''

Failed Blowout Preventer Is Removed, BP Says
The blowout preventer, which is considered a key piece of evidence in the Gulf of Mexico spill investigation, will now be raised to the surface.

Rangel Should Resign, Manhattan Voters Tell Poll
A poll revealed a reversal in public sentiment toward Representative Charles B. Rangel in light of charges of ethical violations.

Director Says He Left Met Production in Visa Spat
Peter Stein, a German opera director, said he had been offended by his treatment after applying for a U.S. visa.

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