Sunday, August 2, 2009

Daily News Digest: Business News

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Sunday, August 2, 2009 12:01 AM PDT
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Today's Business News:
Welcome to the bottom: Housing begins slow rebound
Sat, 1 Aug 2009 11:43 pm PDT
AP - It was — note the past tense — the worst housing recession anyone but survivors of the Great Depression can remember. Full Story
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Slice of central US safe from recession shrinking
Sat, 1 Aug 2009 10:28 pm PDT
AP - Carl Rupp and his neighbors follow the old rancher's creed: "Keep your money in your pocket." Full Story
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Florida highrise has 32 stories, but just 1 tenant
Sat, 1 Aug 2009 10:22 pm PDT
AP - The Vangelakos' southwest Florida condominium has marble floors, a large pool overlooking a river and modern furnishings that speak of affluence and luxury. What they don't have in the 32-story building is a single neighbor. Full Story
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Hackers expose weakness in visiting trusted sites
Sat, 1 Aug 2009 04:35 pm PDT
AP - A powerful new type of Internet attack works like a telephone tap, except operates between computers and Web sites they trust. Full Story
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US Marshals seize sanitizer made by Utah company
Sat, 1 Aug 2009 09:37 pm PDT
AP - Officers with the U.S. Marshals Service have seized all skin sanitizers and skin protectants, including ingredients and components, at Clarcon Biological Chemistry Laboratory's facility in Roy, Utah, the Food and Drug Administration said. Full Story
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European markets flat as dealers wait on US data
Fri, 31 Jul 2009 06:02 am PDT
AFP - Europe's main equity markets turned flat on Friday after poor economic data and downbeat company earnings in the recession-struck eurozone. Full Story
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AutoNation 2Q profit falls 29 pct, revenue falls
Fri, 31 Jul 2009 02:03 pm PDT
AP - AutoNation Inc., the nation's largest auto dealership chain, said Friday that its second-quarter profit fell 29 percent as consumers bought fewer cars in a stressed economy, but remained optimistic that the industry is beginning to stabilize. Full Story
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NV Energy 2Q earns drop 49 percent
Fri, 31 Jul 2009 02:53 pm PDT
AP - NV Energy Inc., the parent firm of Nevada's two main electric utilities, said Friday earnings for the second quarter fell 49 percent because of higher costs and interest expenses related to power plant investments. Full Story
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International deal agreed for Ukraine gas bills: EU
Fri, 31 Jul 2009 12:51 pm PDT
AFP - Ukraine has reached a deal with international financial bodies and the EU for payment of Russian gas bills, the European Commission said Friday, allaying fears of another winter cut-off. Full Story
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Illinois files bias suit against Wells Fargo
Fri, 31 Jul 2009 02:58 pm PDT
Reuters - Illinois Attorney General Lisa Madigan filed suit on Friday against Wells Fargo & Co (WFC.N), accusing the second-largest mortgage lender of steering blacks and Latinos into high-cost subprime loans. Full Story
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KKR portfolio companies' IPOs likely on horizon
Fri, 31 Jul 2009 10:59 pm PDT
Reuters - Private equity firm Kohlberg Kravis Roberts & Co is preparing for an initial public offering for discount retailer Dollar General, a source said, and others are speculated to follow as it looks to take advantage of a recent rise in equity markets. Full Story
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A superstar real estate agent plots his comeback
Fri, 31 Jul 2009 11:33 pm PDT
AP - It's the perfect Miami morning at Carlos Justo's penthouse — warm and bright, with luxury yachts powering through the sparkling blue Atlantic Ocean some 30 stories below. Full Story
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Coal fires up India farmers against power plants
Sat, 1 Aug 2009 10:34 pm PDT
AFP - Rajni Ramakan Patil has a message for the energy companies that want to build coal-based power stations on the land that she and two generations of her family have farmed for more than 50 years. Full Story
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Genworth shares fall as 2Q results miss estimates
Fri, 31 Jul 2009 09:22 am PDT
AP - Genworth Financial Inc. shares slipped on Friday, a day after the insurer reported worse-than-expected second-quarter results as it was hit by losses in its U.S. mortgage insurance division and investment portfolio. Full Story
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Jackson doctor riddled with debts: court documents
Fri, 31 Jul 2009 03:16 pm PDT
AFP - Michael Jackson's doctor is more than 770,000 dollars in debt and his luxury resort home in Las Vegas faces foreclosure, court documents filed in Nevada have revealed. Full Story
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Female Pay Inequality Persists in U.K.
Fri, 31 Jul 2009 05:08 am PDT
BusinessWeek - Progress on gender pay equality in the UK has stalled, says the government's Women and Work Commission (WWC) but senior female tech workers at least have reason to smile, according to new research. Full Story
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Now Hiring: Green-Collar Workers
Fri, 31 Jul 2009 05:08 am PDT
BusinessWeek - When Alden Zeitz started the Wind Energy Program at Iowa Lakes Community College five years ago, 15 students enrolled. Full Story
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