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Tuesday, August 31, 2010 12:00 AM PDT

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Today's Business News: Nikkei drops 3.6 percent as yen worry hits investor confidence Genzyme rejects Sanofi offer as long battle looms BHP denies any plans to divest Potash Corp assets CFTC issues final forex exchange market rule Google set to unveil "priority inbox" for Gmail Wall Street awaits US jobs report Crisis panel to hear from Bernanke and Lehman's Fuld The 'A' In CAN SLIM: Awesome Earnings Pro-Vatican politicians irked by Gadhafi in Rome Dead soldiers' parents sue insurer over benefits UC Rusal books first-half profit Zara takes the plunge into crowded online market Forget Treasuries. Buy Convertibles Instead. Kazakhstan to double crude oil export duties Obama's economic strategy: What does it mean for you? Chrysler dealers hear plans to sell Fiat minicars REITs Attract Yield-Hungry Investors Nikkei drops 3.6 percent as yen worry hits investor confidence Mon, 30 Aug 2010 11:13 pm PDT Reuters - Tokyo stocks fell 3.6 percent on Tuesday, their worst daily drop in three months, after the Bank of Japan's emergency moves the day before failed to curb the yen's strength and disheartened investors bailed out of the market. Full Story Top Genzyme rejects Sanofi offer as long battle looms Mon, 30 Aug 2010 01:06 pm PDT Reuters - Biotech company Genzyme Inc rejected an $18.5 billion buyout offer from French drugmaker Sanofi-Aventis SA on Monday, setting the stage for a protracted and potentially hostile takeover battle. Full Story Top BHP denies any plans to divest Potash Corp assets Mon, 30 Aug 2010 03:12 pm PDT Reuters - BHP Billiton denied speculation on Monday that it planned to sell any of Potash Corp's assets if it succeeds with its $38.6 billion hostile bid for the world's largest fertilizer producer. Full Story Top CFTC issues final forex exchange market rule Mon, 30 Aug 2010 10:29 pm PDT Reuters - The U.S. futures regulator issued a final rule late Monday for the retail foreign exchange market, which included relaxing an earlier proposal that would slash leverage available to investors participating in these transactions. Full Story Top Google set to unveil "priority inbox" for Gmail Mon, 30 Aug 2010 11:50 pm PDT Reuters - Google is set to unveil a new feature to its Gmail service that aims to separate a user's important emails from the ones that do not get read often. Full Story Top Wall Street awaits US jobs report Sat, 28 Aug 2010 09:00 am PDT AFP - Wall Street may be in for another rocky week, as traders brace for negative data topped by an expected rise in the US unemployment rate that could dampen economic recovery prospects. Full Story Top Crisis panel to hear from Bernanke and Lehman's Fuld Mon, 30 Aug 2010 01:43 pm PDT Reuters - Federal Reserve Chairman Ben Bernanke and bank regulator Sheila Bair will testify this week before a panel exploring the causes of the financial crisis. Full Story Top The 'A' In CAN SLIM: Awesome Earnings Mon, 30 Aug 2010 02:57 pm PDT Investor's Business Daily - What do Johnny Lee, Vanilla Ice and Sinead O'Connor have in common? They've all had one or two big hits, but have since faded from the spotlight. Full Story Top Pro-Vatican politicians irked by Gadhafi in Rome Mon, 30 Aug 2010 12:41 pm PDT AP - Premier Silvio Berlusconi held talks with Moammar Gadhafi on Monday aimed at promoting the two nations' economic ties, but public attention remained focused on the Libyan leader's efforts to persuade Italians to convert to Islam. Full Story Top Dead soldiers' parents sue insurer over benefits Mon, 30 Aug 2010 11:40 am PDT AP - The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself. Full Story Top UC Rusal books first-half profit Mon, 30 Aug 2010 10:09 pm PDT AFP - UC Rusal, the world's biggest aluminium producer, said Tuesday that it swung back to profit in the first half of 2010 as a recovery in the global economy boosted demand for base metals. Full Story Top Zara takes the plunge into crowded online market Sat, 28 Aug 2010 08:19 pm PDT AFP - Europe's largest clothing retailer, Spain's Inditex, is taking its flagship Zara brand online, but it can expect stiff competition from other giants of high-street fashion already well-established in cyberspace. Full Story Top Forget Treasuries. Buy Convertibles Instead. Mon, 30 Aug 2010 10:41 am PDT The Motley Fool - The recent pullback in the stock market has many investors running for cover. Meanwhile, fear of an imminent double-dip recession and concerns about renewed pressure in the housing market has pushed bond prices to historic highs, reducing bond yields and creating an income crunch for savers. Throughout 2010, billions of dollars have gone into bond mutual funds, and the trend shows no sign of reversing anytime soon. Full Story Top Kazakhstan to double crude oil export duties Mon, 30 Aug 2010 11:55 pm PDT AFP - Energy-rich Kazakhstan will double its crude export duty tax to 40 dollars (21.60 euros) per tonne next year to boost revenue, the country's finance ministry said on Tuesday. Full Story Top Obama's economic strategy: What does it mean for you? Mon, 30 Aug 2010 03:48 pm PDT The Newsroom - President Obama today sought to refocus the White House's efforts to shore up the U.S. economy, with a pledge to extend tax cuts for Americans earning less than $200,000 per year. The president remained silent about the fate of Bush-era tax cuts to wealthier Americans, while also issuing a plea to Republicans to reach across the partisan aisle to ease passage of a small-business jobs bill he argues is crucial to the nation's recovery. Full Story Top Chrysler dealers hear plans to sell Fiat minicars Mon, 30 Aug 2010 05:40 pm PDT AP - Fiat is coming back to the U.S. after a 30-year absence, and now Chrysler Group dealers have to decide whether they want to sell the Italian brand that initially will offer just one model, the tiny Fiat 500. Full Story Top REITs Attract Yield-Hungry Investors Mon, 30 Aug 2010 05:08 am PDT BusinessWeek - The U.S. commercial real estate market has so far averted the catastrophe that many strategists were predicting last year. Even after sales of existing homes plummeted 27 percent to record lows in July, threatening further home-price declines, analysts see commercial real estate values stabilizing. ... Full Story Top

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