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Monday, August 3, 2009 12:01 AM PDT

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Today's Business News: Google launches rare ad campaign to sell more apps Asia markets edge higher as banks gain Oil jumps above $70 on optimism demand to recover Bratz maker introduces new doll line 2 Obama officials: No guarantee taxes won't go up S&P 500 sees best 5-month streak since 1938 Obama priorities won't burden middle class: Summers ALL BUSINESS: Uncle Sam helps boost bank earnings Canada extradites German businessman Schreiber Illinois files bias suit against Wells Fargo EBay shares could be worth 30 percent more: report A superstar real estate agent plots his comeback Coal fires up India farmers against power plants Genworth shares fall as 2Q results miss estimates Jackson doctor riddled with debts: court documents Female Pay Inequality Persists in U.K. Now Hiring: Green-Collar Workers Google launches rare ad campaign to sell more apps Sun, 2 Aug 2009 09:20 pm PDT AP - Google Inc. is so well known that it has become a synonym for search, making advertising unnecessary. Getting businesses to buy Google's online suite of office applications requires a little more elbow grease and marketing muscle. Full Story Top Asia markets edge higher as banks gain Sun, 2 Aug 2009 10:50 pm PDT AP - Asian stock markets edged higher in tepid trading Monday after the world's biggest economy shrank less than expected in the second quarter and banks rose on improving earnings. Full Story Top Oil jumps above $70 on optimism demand to recover Sun, 2 Aug 2009 09:39 pm PDT AP - Oil prices jumped above $70 a barrel Monday in Asia on investor expectations a recovering global economy will boost crude demand. Full Story Top Bratz maker introduces new doll line Sun, 2 Aug 2009 09:43 pm PDT AP - MGA Entertainment Inc. is going to need to muster all the moxie it has for its latest launch. MGA is rolling out a new line of dolls called Moxie Girlz as Mattel Inc. plans to take over MGA's former marquee product, the saucy Bratz dolls, following a four-year legal struggle. Full Story Top 2 Obama officials: No guarantee taxes won't go up Sun, 2 Aug 2009 10:26 pm PDT AP - President Barack Obama's treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul. Full Story Top S&P 500 sees best 5-month streak since 1938 Fri, 31 Jul 2009 03:20 pm PDT Reuters - The S&P 500 ended its best five-month streak since 1938 with a slight gain on Friday as government data showed softness in consumer spending but reinforced expectations that the economic slump is abating. Full Story Top Obama priorities won't burden middle class: Summers Sun, 2 Aug 2009 08:06 am PDT Reuters - White House economic adviser Larry Summers on Sunday declined to rule out future tax increases to reduce deficits but said the Obama administration would not increase burdens on the middle class. Full Story Top ALL BUSINESS: Uncle Sam helps boost bank earnings Sat, 1 Aug 2009 02:46 am PDT AP - Bank CEOs should give Uncle Sam a little kudos in their earnings reports. Without the U.S. government's help, financial companies wouldn't be showing such stellar results in the midst of a recession. Full Story Top Canada extradites German businessman Schreiber Sun, 2 Aug 2009 11:24 pm PDT AP - Businessman Karlheinz Schreiber was expected in Germany on Monday to face charges related to a party financing scandal surrounding former Chancellor Helmut Kohl, after losing a decade-long fight to avoid extradition from Canada. Full Story Top 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 Top EBay shares could be worth 30 percent more: report Sun, 2 Aug 2009 02:45 pm PDT Reuters - Shares in web retailer eBay (EBAY.O) could be worth 30 percent more than current prices as a promised turnaround in its core online-auction business begins to yield results, weekly financial paper Barron's reported. Full Story Top 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 Top 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 Top 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 Top 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 Top 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 Top 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 Top

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