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Monday, September 27, 2010 12:03 AM PDT

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Today's Business News: Asian stocks rally as dollar dips to five-month low Stocks eye strong September finish AIG, U.S. move closer to deal on bailout exit: sources Walmart offers $4 billion for South Africa's Massmart Unilever buys Alberto Culver for $3.7 billion Judge set to approve Citigroup-SEC accord Poor, violent Arab nations seen missing U.N. goals KB Home 3rd-quarter loss narrows as revenue rises Moscow-Nice run: Got time? Money? Take new train AIA kicks off premarketing for mega IPO IMF sees 3.3 percent German growth in 2010: report Zara owner posts profit jump on back of Asian expansion 2 charged in Ohio real estate agent's slaying Oil hovers below $77 as global stock markets rise Obama adviser slams Republican pledge as a rehash Hyundai to recall Sonata sedans in U.S. How to Keep the Bedbugs from Biting Asian stocks rally as dollar dips to five-month low Sun, 26 Sep 2010 09:54 pm PDT Reuters - Asian stocks rose on Monday to their highest in more than two years in response to optimism on the U.S. economy, while the dollar dipped to five-month lows against the euro. Full Story Top Stocks eye strong September finish Sun, 26 Sep 2010 09:26 am PDT Reuters - U.S. stock investors will head into this week wondering if September will end as strongly as it began for the market, with manufacturing and personal income data among the top indicators on tap. Full Story Top AIG, U.S. move closer to deal on bailout exit: sources Sun, 26 Sep 2010 04:34 pm PDT Reuters - American International Group Inc and the U.S. government are moving closer to a deal on how the Treasury Department would exit its investment in the bailed-out insurer, sources familiar with the situation said on Sunday. Full Story Top Walmart offers $4 billion for South Africa's Massmart Sun, 26 Sep 2010 11:42 pm PDT Reuters - Walmart (WMT.N) offered more than $4 billion for South African wholesaler Massmart on Monday as the world's largest retailer seeks to expand in fast-growing Africa. Full Story Top Unilever buys Alberto Culver for $3.7 billion Sun, 26 Sep 2010 11:44 pm PDT Reuters - Consumer goods giant Unilever Plc/NV (ULVR.L) (UNc.AS) on Monday said it had agreed to buy United States-based hair care group Alberto Culver Co (ACV.N) for $3.7 billion in cash. Full Story Top Judge set to approve Citigroup-SEC accord Fri, 24 Sep 2010 01:53 pm PDT Reuters - A federal judge signaled she will approve Citigroup Inc's $75 million settlement with regulators over the bank's failure to disclose losses on subprime mortgages, provided that she gets assurances that Citigroup maintains strict reforms. Full Story Top Poor, violent Arab nations seen missing U.N. goals Sat, 25 Sep 2010 09:10 am PDT Reuters - Arab nations have made strides in boosting health and education but efforts to meet U.N. anti-poverty goals by 2015 are undermined by conflict, unemployment and insufficient aid, the United Nations says. Full Story Top KB Home 3rd-quarter loss narrows as revenue rises Fri, 24 Sep 2010 01:43 pm PDT AP - KB Home said Friday it narrowed its fiscal third-quarter loss, as the homebuilder booked fewer write-downs and higher average selling prices helped boost revenue. Full Story Top Moscow-Nice run: Got time? Money? Take new train Sat, 25 Sep 2010 01:56 pm PDT AP - A new train taking rich Russians to the French Riviera in style and luxury has arrived in Nice, some 53 hours after it departed from Moscow. Full Story Top AIA kicks off premarketing for mega IPO Sun, 26 Sep 2010 07:39 pm PDT Reuters - American International Group Inc (AIG.N) will be required to hold a 30 percent stake in its Asian life insurance business, AIA Group Ltd, for a year after AIA's listing next month, the term sheet showed on Monday. Full Story Top IMF sees 3.3 percent German growth in 2010: report Sat, 25 Sep 2010 04:38 am PDT Reuters - The German economy should expand by 3.3 percent in 2010 and two percent in 2011, the International Monetary Fund (IMF) will report in early October, German magazine Der Spiegel said on Saturday. Full Story Top Zara owner posts profit jump on back of Asian expansion Wed, 22 Sep 2010 10:12 am PDT AFP - Spain's Inditex, the world's biggest clothing retailer, reported a 68-percent rise in first half net profit Wednesday as its aggressive expansion abroad, especially in Asia, paid off. Full Story Top 2 charged in Ohio real estate agent's slaying Fri, 24 Sep 2010 08:36 pm PDT AP - Two men have been charged with killing an Ohio real estate agent who was showing a vacant house for sale, the first of two agents killed in a week in the region, authorities said Friday. Full Story Top Oil hovers below $77 as global stock markets rise Sun, 26 Sep 2010 10:11 pm PDT AP - Oil prices hovered below $77 a barrel Monday in Asia, boosted by a rally in global stock markets. Full Story Top Obama adviser slams Republican pledge as a rehash Sun, 26 Sep 2010 12:29 pm PDT AFP - The White House Sunday slammed Republican plans to cut taxes for wealthy Americans as a recycled failed policy, while sparring lawmakers vowed a vote on the hot-button issue before the tax cuts expire in December. Full Story Top Hyundai to recall Sonata sedans in U.S. Sun, 26 Sep 2010 11:22 pm PDT Reuters - Hyundai Motor, South Korea's top automaker, will recall some 139,500 Sonata sedans sold in the United States, due to problems with the steering wheel that could cause a loss or reduction of control. Full Story Top How to Keep the Bedbugs from Biting Fri, 24 Sep 2010 05:08 am PDT BusinessWeek - Until it was banned in 1972, the pesticide DDT helped keep bedbugs in check. Increased international travel and other modern phenomena have contributed to a resurgence of the apple-seed-size insects, which feed on human blood. Outbreaks have hit several U.S. cities. In New York, stores including Niketown and Victoria's Secret have closed temporarily because of infestations. The pests are now attracting attention from scientists and entrepreneurs. On Sept. 21 and 22, the experts showed off their anti-insect weapons at the first-ever North American BedBug Summit in Chicago. Full Story Top

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