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Thursday, September 2, 2010 12:00 AM PDT

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Today's Business News: Asia stocks rise as U.S. data soothes fears China digs for ways to stymie BHP's Potash Corp bid GM roadshow to begin after elections: sources Apple TV takes aim at Web-connected living room Consumer bankruptcies fell 8 percent in August SEC says it lacked authority to charge Moody's Romer: U.S. must find will for further stimulus Earnings Preview: Campbell Soup Co. Summary Box: US fears mean risk for ECB Why It's Harder to Be a Clueless Consumer Group: China failing to keep WTO access pledges Ex-Gordmans exec gets prison for defrauding firm Court battle set over giant NYC housing complex Oil slips as investors eye U.S. jobs reports Hovnanian trims loss for fiscal Q3 China auto sales rebound to grow 56 percent in Aug Mistakes Millennials Make at Work Asia stocks rise as U.S. data soothes fears Wed, 1 Sep 2010 10:30 pm PDT Reuters - Asian stocks rose to a two-week high, with Japan's Nikkei briefly rising more than 2 percent, as strong U.S. manufacturing data further soothed worries about the global economy. Full Story Top China digs for ways to stymie BHP's Potash Corp bid Wed, 1 Sep 2010 09:19 pm PDT Reuters - China is stepping up attempts to hamper BHP Billiton's $39 billion hostile offer for Potash Corp, amid worries about future supplies of fertilizer it needs to rapidly boost food production. Full Story Top GM roadshow to begin after elections: sources Wed, 1 Sep 2010 07:16 pm PDT Reuters - Automaker General Motors Co plans to begin courting investors for its initial public offering immediately after the November 2 U.S. midterm congressional elections, two sources familiar with the plans said on Wednesday. Full Story Top Apple TV takes aim at Web-connected living room Wed, 1 Sep 2010 05:28 pm PDT Reuters - Apple Inc unveiled a smaller, cheaper version of its Web-to-TV device on Wednesday, stepping up a battle with Google Inc and Microsoft Corp for control of the digital living room. Full Story Top Consumer bankruptcies fell 8 percent in August Wed, 1 Sep 2010 10:11 pm PDT Reuters - Bankruptcies filings by consumers fell 8 percent in August but still remained on track to top 1.6 million filings in 2010, according to a report by the American Bankruptcy Institute (ABI). Full Story Top SEC says it lacked authority to charge Moody's Tue, 31 Aug 2010 04:23 pm PDT AP - The Securities and Exchange Commission has declined to seek fraud charges against Moody's Investors Services over its ratings of risky investments that led to the financial crisis. Full Story Top Romer: U.S. must find will for further stimulus Wed, 1 Sep 2010 01:34 pm PDT Reuters - Departing White House economist Christina Romer said on Wednesday the United States needed to find the political will for more economic stimulus, even if it pushed up the fiscal deficit in the short run. Full Story Top Earnings Preview: Campbell Soup Co. Wed, 1 Sep 2010 05:49 pm PDT AP - Campbell Soup Co., the world's largest soup maker, reports its fourth-quarter and year-end results before the market opens Friday. Full Story Top Summary Box: US fears mean risk for ECB Wed, 1 Sep 2010 11:30 am PDT AP - THE SITUATION: Indicators are pointing up at the European Central Bank, which may be about to raise its 2010 economic projections. But that brightening picture is being increasingly darkened by fears about the recovery in the U.S. Full Story Top Why It's Harder to Be a Clueless Consumer Wed, 1 Sep 2010 12:54 pm PDT U.S. News & World Report - American consumers hate being told what to do, and to prove it, we routinely make choices that are irrational and counterproductive. We make impulse purchases we can't afford. We build bigger houses than we need, chaining ourselves to an onerous mortgage for years. We drive rugged, four-wheel-drive vehicles even though we never leave the pavement. We buy Snuggies. Full Story Top Group: China failing to keep WTO access pledges Wed, 1 Sep 2010 08:52 pm PDT AP - China has failed to honor promises to the World Trade Organization to open its oil and phone markets, a European business group said Thursday, adding to complaints of worsening conditions for foreign companies. Full Story Top Ex-Gordmans exec gets prison for defrauding firm Wed, 1 Sep 2010 04:15 pm PDT AP - The former head of store security at discount retailer Gordmans Stores Inc. has been sentenced to 21 months in federal prison for stealing from the company. Full Story Top Court battle set over giant NYC housing complex Wed, 1 Sep 2010 01:22 pm PDT Reuters - The future of an 80-acre New York apartment complex will be at stake on Thursday as a judge considers whether a venture led by a prominent hedge fund investor may conduct a foreclosure auction. Full Story Top Oil slips as investors eye U.S. jobs reports Wed, 1 Sep 2010 11:08 pm PDT Reuters - Oil dipped on Thursday as investors turned their attention to upcoming U.S. employment reports, following gains of almost 3 percent a day earlier after positive manufacturing data lifted spirits across markets. Full Story Top Hovnanian trims loss for fiscal Q3 Wed, 1 Sep 2010 03:03 pm PDT AP - Hovnanian Enterprises Inc. said Wednesday its fiscal third-quarter loss narrowed versus the prior-year period as the homebuilder booked fewer land-related write-downs. But signed contracts on new homes tumbled 37 percent as demand slowed in the absence of homebuyer tax credits. Full Story Top China auto sales rebound to grow 56 percent in Aug Wed, 1 Sep 2010 10:38 pm PDT AP - Auto sales in China, the world's biggest car market, rebounded in August as subsidies for energy-efficient vehicles and a stronger currency spurred demand, while sales in the U.S. faltered. Full Story Top Mistakes Millennials Make at Work Wed, 1 Sep 2010 05:08 am PDT BusinessWeek - My previous post here highlighted the smart practices that the digital-native Millennials are bringing to the workplace. Here I want to talk about a couple not-so-smart ones. Full Story Top

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