Reuters: Business News
Wall St futures signal weaker start for stocks
LONDON (Reuters) Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.2 to 0.7 percent, pointing to a weaker start on Wall Street on Tuesday.


Oracle hires former HP's Mark Hurd
NEW YORK (Reuters) - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.


Diamond gets top Barclays job
LONDON (Reuters) - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as group chief executive next year and HSBC was expected to announce later that its chairman is going into government.


Obama kicks off campaign with infrastructure plan
MILWAUKEE (Reuters) - President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts.


SEC sees surge in fraud tip-offs: report
(Reuters) - The U.S. Securities and Exchange Commission (SEC) has seen a surge in tip-offs concerning alleged corporate fraud as the Financial Reforms Act offers millions of dollars in bounty payments to whistleblowers, the Wall Street Journal said.


Justice department probes Google's ITA Software deal: report
BANGALORE (Reuters) - The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry, the Wall Street Journal said.


Strong yuan would hurt China: economists
BEIJING (Reuters) - China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.


AIG seen leaning towards new Taiwan unit sale
HONG KONG/TAIPEI (Reuters) - American International Group Inc is leaning toward a new sale of its Taiwan unit, according to one of the original buyers, opening the way for a number of Taiwanese banks who have expressed interest.


Basel committee seeks 9 percent Tier 1 capital: report
FRANKFURT (Reuters) - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules.


Oil operations in Gulf unaffected by storm
HOUSTON (Reuters) - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co said Monday that Tropical Storm Hermine was not affecting their offshore operations.


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Reuters: Top News
Obama kicks off campaign with infrastructure plan
MILWAUKEE (Reuters) - President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts.


Australia's Gillard scrapes back to power
CANBERRA (Reuters) - Australian Prime Minister Julia Gillard secured a wafer thin parliamentary majority on Tuesday, ending a political impasse but hardly cheering investors worried about the fragility of her government and its plans to tax mining profits.


Storm Hermine slams into far northeastern Mexico
MEXICO CITY (Reuters) - Tropical Storm Hermine slammed into northeastern Mexico near the Texas border on Monday, dumping heavy rain on a region still recovering from Hurricane Alex's visit in June.


China seeks to avoid shouting matches with U.S.
BEIJING (Reuters) - China wants to quell tensions with the United States through quiet talk, not shouting matches, a top diplomat told White House advisers on Tuesday, aiming to pave the way for a visit by President Hu Jintao early next year.


U.S. commander seeks 2,000 new troops for Afghanistan
BRUSSELS (Reuters) - The U.S. and NATO commander in Afghanistan has requested another 2,000 troops for the foreign force fighting the Taliban insurgency, despite waning support for the war in troop-contributing nations, NATO officials said.


U.N. watchdog says Iran boosts nuclear work
VIENNA (Reuters) - Iran is pushing ahead with its nuclear program in defiance of tougher sanctions and is hampering the U.N. atom watchdog's work by barring some inspectors, the IAEA says in a new report.


U.S. Afghanistan commanders condemn Koran-burning plan
MIAMI (Reuters) - U.S. military commanders in Afghanistan warned on Monday that a small Florida church's plan to burn copies of the Koran on the anniversary of the September 11 attacks could endanger the lives of American troops.


Israel PM sees deal possible in year: spokesman
JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu has told visiting U.S. congressmen he thinks it could be possible to reach a peace deal with the Palestinians in a year despite huge differences, his spokesman said.


Guatemala resumes rescue work after landslide
GUATEMALA CITY (Reuters) - Emergency services in Guatemala on Monday resumed their search for victims of landslides that killed and buried dozens of people, as further rain was predicted for the Central American country.


Nineteen killed in suicide bombing in Pakistan
LAKKI MARWAT, Pakistan (Reuters) - A Taliban suicide bomber rammed his car into a police station in northwest Pakistan on Monday killing at least 19 people, police said, in a new wave of attacks by al Qaeda-linked militants.


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Reuters: World News
Australia's Gillard scrapes back to power
CANBERRA (Reuters) - Australian Prime Minister Julia Gillard secured a wafer thin parliamentary majority on Tuesday, ending a political impasse but hardly cheering investors worried about the fragility of her government and its plans to tax mining profits.
French unions test Sarkozy in pensions strike
PARIS (Reuters) - French trade unions mounted a show of strength on Tuesday with strikes backed by street marches over unpopular pension reforms that President Nicolas Sarkozy says he is determined to implement.
Quake-hit New Zealand city struggles back to business
WELLINGTON (Reuters) - New Zealand's second-biggest city, Christchurch, struggled to get back to business on Tuesday as aftershocks caused more damage and kept parts of the city cordoned off three days after a magnitude 7.1 quake.
India PM warns China wants foothold in South Asia
NEW DELHI (Reuters) - China is seeking to expand its influence in South Asia at India's expense, Indian Prime Minister Manmohan Singh warned in rare public criticism of his country's main rival for regional resources and geopolitical clout.
London gridlock as transport strike brings chaos
LONDON (Reuters) - Millions of commuters across the British capital struggled to get to work on Tuesday as a 24-hour strike by workers on London's underground rail system crippled much of the network, hurting the city's convalescent economy. Passengers took to bikes, buses, walked, or made use of extra boat services on the River Thames that runs through the city in a bid to beat the stoppage, called in protest at 800 job cuts driven by austerity measures.
Iran tells world: don't make stoning a rights issue
TEHRAN (Reuters) - Foreign countries should not interfere in Iran's legal system and stop trying to turn the case of a woman sentenced to be stoned to death for adultery into a human rights issue, Tehran said on Tuesday.
Iraqi Al Qaeda group says it behind army base raid
BAGHDAD (Reuters) - Al Qaeda's Iraqi affiliate claimed responsibility on Tuesday for a daylight raid by suicide bombers on an army base in central Baghdad in which 12 people died.
China seeks to avoid shouting matches with U.S.
BEIJING (Reuters) - China wants to quell tensions with the United States through quiet talk, not shouting matches, a top diplomat told White House advisers on Tuesday, aiming to pave the way for a visit by President Hu Jintao early next year.
U.S. Afghanistan commanders condemn Koran-burning plan
MIAMI (Reuters) - U.S. military commanders in Afghanistan warned on Monday that a small Florida church's plan to burn copies of the Koran on the anniversary of the September 11 attacks could endanger the lives of American troops.
U.N. watchdog says Iran boosts nuclear work
VIENNA (Reuters) - Iran is pushing ahead with its nuclear program in defiance of tougher sanctions and is hampering the U.N. atom watchdog's work by barring some inspectors, the IAEA says in a new report.
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DealBook
Barclays Names Diamond C.E.O.; Green to Ministry
As head of Barclays's securities unit, Mr. Diamond, 59, helped turn the bank into a global brand with the acquisition of Lehman Brothers' operation in the United States. He was also responsible for much of the company's international and financial growth in the last decade.
China Allows Investment In P.E. and Property
China will allow insurers to broaden their investment channels into private equity and real estate, a long-awaited move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector, Reuters reported.
Macquarie Profit Warning Signals Wider Malaise
Macquarie Group, the Australian investment bank, warned Monday that profit in a number of its deal-making and trading divisions would be down by a quarter compared to the year before.
Basel Committee Seeks 9% Tier 1 Capital
Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee.
Justice Department Probes Google ITA Deal
The United States Justice Department is looking into Google's takeover of airline ticketing software firm ITA Software, to determine whether the deal would exert too much influence on the online travel industry, Reuters said, citing a report in The Wall Street Journal.
B.A. and Iberia Look to Asia for New Deals
British Airways and Iberia have identified possible acquisition targets to pursue once their own merger completes, with Asia seen as a key region for expansion, Reuters reported.
Anglo Irish Bank Brought to Europe Regulators
Finance Minister Brian Lenihan of Ireland met Monday with European Union regulators to discuss the crisis over Anglo Irish Bank -- a day before talks that could lead to the creation of a system shielding taxpayers from paying for similar costly collapses in the future.
Bankers Gather to Fend Off Harsher Regulation
Top executives from some of the world's leading banks are due to gather for a conference in Frankfurt later this week as lenders seek to avoid what they see as overly harsh regulation following the global financial crisis, Reuters reported.
A.I.G. Seen Leaning Towards New Taiwan Unit Sale
American International Group is leaning toward a new sale of its Taiwan unit, according to one of the original buyers, opening the way for a number of Taiwanese banks who have expressed interest.
Why I.B.M. Took a Different Path in Storage
I.B.M. has said it looked at 3Par and other companies more than two years ago, when it was building up in the field of clustered storage, an important technology in handling data remotely for so-called cloud computing systems. Instead of 3Par, it bought an Israeli clustered-storage specialist, XIV.
In Europe's Debt Crisis, Lending Was Still Strong
Even as Europe's sovereign debt crisis intensified early this year, banks continued to load up on debt from Greece and other countries with the most acute fiscal problems, according to a report released on Sunday.
Retiring Fed Official Considers More Bank Action
The former vice chairman of the Federal Reserve, who retired last week after 40 years at the central bank, says that the economy is in "a slow slog out of a very deep hole," and that the Fed should consider additional stimulus unless the recovery shows signs of "decent progress."
Bad Credit No Problem For Corporate Borrowers
With rising fears of a prolonged recession and stomach-churning moves in the stock market, corporate bond markets have performed so well this year they look like they're part of a parallel universe, The Associated Press reported.
German Banks May Need New Capital
The 10 biggest lenders in Germany, including Deutsche Bank and Commerzbank, may need about $135 billion in capital because of new regulation, the Association of German Banks said.
Many Line Up to Go Public, but Market Mood Is Iffy
Two years after the financial crisis, the stock market remains fragile. While there has been a robust rally in bonds, with companies aggressively issuing debt to take advantage of low interest rates, the appetite for equity remains weak.
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NYT > Business
Young Japanese Seek Second, and Third, Jobs
Declining salaries and an unstable labor market have led young Japanese to work additional jobs.
Barclays Elevates Diamond to C.E.O.
Robert E. Diamond Jr. helped turn the British bank into a global brand with the acquisition of Lehman Brothers' operation in the United States.
Hurd Is Now a President at Oracle, H.P.?s Rival
Mark V. Hurd, who resigned from H.P. a month ago, joined Oracle as president and a director.
South Africa Unions? Strike Suspended
South Africa?s trade unions suspended a three-week-old strike by hundreds of thousands of government workers.
Strikers in Paris and London Snarl Travel
Unions started a major strike on Tuesday over President Nicolas Sarkozy?s plans to raise the retirement age.
Anglo Irish Bank?s Future Brought to European Regulators
The talks precede a meeting of European finance ministers that could lead to creation of a system shielding taxpayers from paying for similar collapses in the future.
E.U. Chief?s Comments Likely to Spark Farm Aid Debate
The European Union?s budget chief, Janusz Lewandowski, said that farm aid should be reduced so that funds could flow to research and innovation.
Soros to Donate $100 Million to Rights Group
The billionaire investor and philanthropist George Soros will help an advocacy group that investigates human rights abuses around the world.
Obama Offers a Transit Plan to Create Jobs
President Obama, looking to jump-start the economy, called on Congress to approve a far-reaching plan to rebuild and modernize transportation over the next six years.
Afghanistan Pledges Support for Troubled Bank
The chairman of the Central Bank of Afghanistan promised Monday to lend the embattled Kabul Bank ?as much as it wants? to stave off a collapse.
Germany Extends Nuclear Plants? Life
Germany will extend the life spans of 17 plants while alternative energy sources are developed, which is likely to make money for power companies and the government.
On the Road: Fees and Frenzy at the Boarding Gate
The departure gate has become more of a bazaar as airlines aggressively look for more ways to increase the revenue they generate from fees.
Once a Dynamo, the Tech Sector Is Slow to Hire
Despite soaring profits, high-tech companies have been slow to hire ? a sign of just how difficult it will be to address persistently high joblessness.
Advertising: Marketing Fanciful Items in the Lands of Make Believe
Companies including Volvo, H&M and MTV are testing merchandise in virtual worlds to raise awareness of their brands.
Frequent Flier: With Wi-Fi Aboard, Be Careful What You Click
Adam Sheffer, a partner at an art gallery in Manhattan, has his share of embarrassing travel tales.
Many Line Up to Go Public, but Market Mood Is Iffy
Some 161 companies are seeking to raise more than $56 billion through initial public offerings, the largest volume on record for pent-up I.P.O.?s.
Stocks & Bonds: In Light European Trading, Markets Make Modest Gains
While markets were closed in the United States for Labor Day, indexes in Britain, Germany and France climbed.
Business Briefing | Company News: Takeover Offer for Airgas Is Sweetened
Air Products raised its takeover offer for Airgas to $5.48 billion in cash.
Business Briefing | Regulatory News: British Regulators Call for Removal of Avandia
Air Products raised its takeover offer for Airgas to $5.48 billion in cash.
Business Briefing | Regulatory News: German Banks May Need New Capital
The 10 biggest lenders in Germany, including Deutsche Bank and Commerzbank, may need about 105 billion euros ($135 billion) in capital because of new regulation, the Association of German Banks said.
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NYT > Technology
Hurd Is Now a President at Oracle, H.P.?s Rival
Mark V. Hurd, who resigned from H.P. a month ago, joined Oracle as president and a director.

Once a Dynamo, the Tech Sector Is Slow to Hire
Despite soaring profits, high-tech companies have been slow to hire ? a sign of just how difficult it will be to address persistently high joblessness.

Advertising: Marketing Fanciful Items in the Lands of Make Believe
Companies including Volvo, H&M and MTV are testing merchandise in virtual worlds to raise awareness of their brands.

Frequent Flier: With Wi-Fi Aboard, Be Careful What You Click
Adam Sheffer, a partner at an art gallery in Manhattan, has his share of embarrassing travel tales.

9 Years After 9/11, Public Safety Radio Not Ready
Despite a $7 billion effort, experts say a nationwide public safety radio system may never become a reality.

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.

Apple Faces Many Rivals for Streaming to TVs
Apple TV may be ?an elementary effort? with little content available, but analysts point out that the iPod was also marginal when it was introduced.

From Viral Video to Billboard 100
The ?Bed Intruder Song? was a rare case of a product of Web culture jumping the species barrier and becoming a pop hit.

Some Newspapers, Tracking Readers Online, Shift Coverage
Because of technological advances, newspapers can make more scientific decisions about allocating their resources.

A Pitched Battle Over Bedbugs in Online Search Advertising
Google said general searches for the term ?bedbugs? have increased 83 percent in the last year and 182 percent in the last four weeks.

Drilling Down: Life Without a TV Set? Not Impossible
Survey results suggested a decline in the perceived status of the television set, as other devices edge into its territory.

Media Cache: British Advertising Regulator Making Itself Felt Online
The Advertising Standards Authority of Britain plans to extend its oversight to social media, company Web sites and other nontraditional digital marketing activities.

Video Game Review: It?s the Same Old Mob, Now Sampled for Gamers
Mafia II is full of scenes reminiscent of ?Goodfellas,? ?The Godfather? and other pop-culture takes on organized crime.

Die-Hard Fans Follow Iron Maiden Into the Digital Age
The success of Iron Maiden's latest album and the continued loyalty of its fans offer the troubled music industry some tips on survival in the digital age.

Prototype: Online Giving Meets Social Networking
The actor Edward Norton and his partners started Crowdrise, with a mix of edginess and good-humored competition, to bolster online giving.

Craigslist Blocks Access to ?Adult Services? Pages
Craigslist, the classifieds Web site, has blocked access to its ?adult services? section and replaced the link with a black label with the word ?censored.?

Smarter Than You Think: The Boss Is Robotic, and Rolling Up Behind You
The next frontiers for mobile robots are the office, hospital and home.

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.

Digital Domain: A Strong Password Isn?t the Strongest Security
Elaborate requirements for account passwords may sound invincible, but experts say Americans aren?t paying enough attention to other online security threats.

Noticed: Defriended, Not De-Emoted
Is there a better way to handle it than just a cold, calculated click?

Texas Probes Google on Ranking of Search Results
The Texas attorney general has opened an antitrust investigation into how Google ranks search results, striking at the heart of its main search business.

Talking Business: The Struggle for What We Already Have
The angst over net neutrality reaches from boardrooms to living rooms, but take heart: companies will breach its principles at their own peril. Consumers have come to expect an open Internet.

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.

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.

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.

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.

The Media Equation: The Glut of Shows Unwatched
Television, which was once the brain-dead part of the day, has become one more thing that requires time, attention and discernment.

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BBC News - Home
Diamond to be new Barclays chief
Bob Diamond is to become chief executive of Barclays, while HSBC chairman Stephen Green steps down to become a government trade minister.
Gillard to stay as Australian PM
Julia Gillard is to remain as Australia's prime minister after winning the backing of two key independent MPs.
Strike severely disrupts Tube
Services on the London Underground are severely disrupted on the first morning of a series of 24-hour strikes.
UK slipping down graduate league
The UK is slipping behind international rivals in university places, according to figures from the Organisation for Economic Co-operation and Development.
Veterans gather for Blitz service
A remembrance service is to be held later to mark the 70th anniversary of the start of the Blitz.
France strikes over pension plans
France is braced for disruption as a strike over pension reform gets under way, with parliament also debating a ban on full face veils and a security bill.
ME 'virus link' found in children
ME, or Chronic Fatigue Syndrome, in children could be caused by a virus, scientists say.
Housing group 'near administration'
Connaught, the property services group that specialises in social housing, is on the brink of going into administration, the BBC learns.
AV referendum bill passes MP vote
Plans to change the way MPs are elected to Parliament survive their first Commons hurdle - despite criticism from Tory MPs.
Scam fear over electricity credit
Criminals have managed to clone prepayment meter keys in order to make money by offering discounted credit to customers.
Christchurch hit by aftershocks
Violent aftershocks rattle the New Zealand city of Christchurch following the weekend's powerful earthquake that caused widespread damage.
Fry slams BBC 'culture of fear'
Stephen Fry criticises a culture of fear at the BBC which is creating "incredibly bland" programmes
Inbred bumblebees 'facing extinction'
Some of the UK's rarest bumblebees are at risk of becoming extinct as a result of inbreeding, research suggests.
Jail for Malaysian snake smuggler
Malaysian wildlife trafficker Anson Wong, nicknamed the Lizard King, is jailed for trying to smuggle 95 boa constrictors in his luggage.
Capello insists Rooney will play
England manager Fabio Capello insists striker Wayne Rooney will play in the Euro 2012 qualifier away to Switzerland on Tuesday.
Federer cruises into last eight
Roger Federer continues his smooth progress through the US Open draw with a straight-sets win over Jurgen Melzer in round four.
Houllier poised to take Villa job
Former Liverpool and Lyon boss Gerard Houllier is set to be appointed as Aston Villa's new manager on Wednesday, BBC Sport understands.
Live text - County Championship
Nottinghamshire target the Championship title while relegation and promotion issues are at stake as the county season builds towards a climax.
Hartson interested in Wales job
Ex-Wales striker John Hartson will be interested in the Wales job if boss John Toshack quits.
Police plea to dead baby's mother
Detectives investigating the death of a newborn baby found dumped in a garden are still trying to trace the mother.
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BBC News - Technology
UK mobile firms to merge networks
Customers of Orange and T-Mobile will soon be able to hop between the two mobile networks as the firms merge their networks.
US firm buys Realtime Worlds game
Part of collapsed computer games firm Realtime Worlds has been bought by an anonymous American company, administrators confirm.
Buzz lawsuit to cost Google $8.5m
Google proposes settling a lawsuit over its Buzz social network, whilst regulators launch a review of the firm's US search practices.
Tiny solar cells fix themselves
A mix of chemicals borrowed from plants with tiny tubes of carbon can spontaneously create tiny, self-repairing solar cells.
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.
Craigslist ends adult service ads
Online marketplace Craigslist closes its US adult services listing following pressure from attorneys general and advocacy groups.
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.
First 'intelligent' stamp on sale
The Royal Mail launches the world's first "intelligent" stamp, the first to work with image recognition technology.
Gamers' 13-year wait nearly over as Duke Nukem Forever gets a release date
Almost 13 years after it was first announced, video game Duke Nukem Forever has finally been given a release date by its new owners.
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.
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.
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Latest financial news - CNNMoney.com
Four unexpected economic bright spots
Good economic news has been hard to come by lately, but not all is doom and gloom in America these days. The end of summer ushered in a few signs of progress in some of the unlikeliest corners of the economy. They are no guarantee that the good times are around the corner, but they do provide a helpful reminder that this slow recovery is exactly that: a recovery.
Startups flock to Twitter headquarters
Sharing ideas and office space in the tech field is as common as sharing API's, but the collaborative sprit runs especially deep at San Francisco's 795 Folsom Road.
The new young investor: Shunning stocks
When 18-year-old Robert White decided to jumpstart his retirement plan, he invested his life savings of $25,000 into an aggressive mutual fund.
Johnson & Johnson CEO Bill Weldon's painful year
What started last year as a series of small drug recalls at Johnson & Johnson exploded this summer into a full-blown crisis in quality control. But for months there was nary a peep from CEO Bill Weldon.
What went wrong with Gardasil
There's a liquid drug that women can get injected into a layer of muscle -- three separate times over a six-month period -- that can protect them from a kind of cancer. From a scientific perspective, that's amazing. In terms of public health, it's a breakthrough.
Mark Hurd lands at Oracle
Mark Hurd, who abruptly resigned last month as chief executive of Hewlett-Packard, has landed at another big tech company.
World markets rally, Nikkei gains 2%
World markets rallied Monday, with Asian stocks logging their fourth straight session of gains.
Wall Street faces an economy at a 'crossroads'
Stocks started September with a bang as investors cheered a rare dose of good economic news but investors may need to buckle in for the coming week: It's a holiday-shortened week with little on the docket to set the tone.
81% rate U.S. economy as 'poor' - CNN poll
A new national poll released Sunday indicates that eight in 10 Americans say that the economy is in poor shape, and the number that say conditions are very poor is on the upswing after steady declines through the spring.
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
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BusinessWeek.com -- Top News
Why Analysts Don't Want to Say 'Buy'
They're turning more pessimistic even as they push up profit growth estimates. Economic weakness is a big worry
Bullishness on Stocks Jumps from 17-Month Low
Optimism about U.S. stocks increased by the most since July as economic reports emboldened investors following three straight weekly losses in the Standard & Poor?s 500 Index, according to a survey from the American Association of Individual Investors.
Oracle Hires Mark Hurd as a President
Hewlett-Packard's recently departed CEO will serve alongside President Safra Catz and report to Larry Ellison as Oracle expands into server sales
Student Loan Scrutiny Could Hurt Washington Post
The paper's Kaplan education unit may be battered by a crackdown on loan repayment rules
Eisman Bets Against Strayer on Doubt Over Loan Repayment Rate
Hedge-fund manager Steven Eisman is betting against for-profit college provider Strayer Education Inc. because the company?s federal student loan repayment rate is much lower than it claims.
Rosetta Stone's Management and Marketing Woes
The language-learning company hopes a new product and international growth will revive investor enthusiasm that waned after the stock's 2009 debut
The Treasury's New Research Office
The new research office to be set up within Treasury has broad powers, so much so that some are calling it the CIA of finance
Overlooked Sections of the Financial Overhaul Law
The financial overhaul law has hidden gems or new regulatory headaches, depending on your vantage point. Here are some overlooked sections
Asian Stocks Fall, led by Japanese Automakers on Stronger Yen
Asian stocks fell for the first time in five days, led by Japanese automakers on concern a stronger yen will hurt the value of overseas sales. Steel producers rose after U.S. President Barack Obama proposed a $50 billion spending plan and Chinese steel prices jumped.
EU Seeks Stronger Euro Management Amid German Doubts
European Union governments sought to strengthen the management of the euro region as Germany warned that the economic rebound is slowing its push for stiffer sanctions on high-deficit countries.
EU Transaction Tax Would Sap Liquidity, Borg Warns
European financial regulators should use a banking levy to control financial markets instead of a transaction tax to keep markets liquid and protect government revenue, Swedish Finance Minister Anders Borg said.
Etisalat Considering Stake in India’s Idea Cellular
Emirates Telecom Corp., the United Arab Emirates? biggest phone company, said it?s considering investing in Idea Cellular Ltd. to expand its business in the world?s second-largest wireless market.
Euro Slides Amid Concern Over Banks’ Finances; Aussie Drops
The euro slid the most in more than two weeks against the dollar on concern that European banks? holdings of government debt will hinder their fiscal health, undermining prospects for economic growth in the region.
Australia’s Government Committed to Mining Tax, Swan Says
Julia Gillard?s government is ?determined? to press ahead with its election promise to introduce a mine profit tax in Australia, Treasurer Wayne Swan said after the Labor party won support to form government.
Papandreou Changes Greek Cabinet Amid Growth Slump
Greek Prime Minister George Papandreou reshuffled his Cabinet for the first time, naming a health chief and demoting an economic official. Finance Minister George Papaconstantinou retained his post.
Web Impostors May Face Prison in California
Internet users pretending to be others could be prosecuted?and sued?if Governor Arnold Schwarzenegger signs an "e-personation" bill
Fixing China's Banks: The Next Round
No rest for China's weary banking reformers. Over the summer, they got Agricultural Bank of China over the finish line, with the state-owned bank pulling off the world's largest IPO. AgBank was the weakest of the Big Four state-owned banks, and with its listing all of the large Chinese banks are ...
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
Tech Companies Go Shopping Abroad
To avoid taxes, some companies are using their cash overseas
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Once a Dynamo, the Tech Sector Is Slow to Hire
Despite soaring profits, high-tech companies have been slow to hire ? a sign of just how difficult it will be to address persistently high joblessness.

Obama to Propose Tax Write-Off for Capital Investments
A tax deduction would let businesses keep more money and would give big corporations, many of which are sitting on cash because of economic uncertainty, an incentive to spend and invest.

In a New Role, Teachers Move to Run Schools
At a 650-student school in Newark, in an increasingly common move, the teaching staff is the administration, raising morale but potentially blurring educators? focus.

Chief of ABC News Is Resigning
David Westin said he would resign after a long conflict with the network over the budget.

In Russia, a Shortage Triggers Soviet Habits
To find buckwheat, a beloved food staple, some Russians are falling back on scrounging habits honed under Communism.

Republican Runs Street People on Green Ticket
Democrats are trying to stop a group of homeless people from running on the Green Party ticket, saying it is a dirty trick by a Republican operative.

Australian Labor Party to Form New Government
Two independent lawmakers said they will support Prime Minister Julia Gillard, ending weeks of political impasse.

Clerks Highlight Supreme Court?s Polarization
The current justices are much more likely than their predecessors to hire clerks who match their own positions.

Strikers in Paris and London Snarl Travel
Unions started a major strike on Tuesday over President Nicolas Sarkozy?s plans to raise the retirement age.

Health Care Wastefulness Is Detailed in Studies
A heavy reliance on emergency rooms care is seen as a sign of weaknesses in the primary health care system.

Climber Scales Tower in San Francisco
A man?s long climb to the top levels of a skyscraper in downtown San Francisco ended with officers taking him into custody.

Labor Tries to Organize Carwashes in Los Angeles
Labor organizers have met strong resistance as they try to organize carwashes in Los Angeles.

Hurd Is Now a President at Oracle, H.P.?s Rival
Mark V. Hurd, who resigned from H.P. a month ago, joined Oracle as president and a director.

Soros to Donate $100 Million to Rights Group
The billionaire investor and philanthropist George Soros will help an advocacy group that investigates human rights abuses around the world.

Beach Reads Finished, It?s Time for the Big Books
Publishing?s fall schedule includes books by Bob Woodward, Keith Richards, George W. Bush and Jon Stewart.

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