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Tuesday, September 28, 2010 12:00 AM PDT

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Today's Business News: Asian stocks ease, dollar finds support JPMorgan may pursue FDIC funds for WaMu claims: report Obama signs small business bill into law U.S. business fears "downward spiral" in China trade Takefuji to file for bankruptcy Tuesday: sources European stocks mixed on takeover, earnings news Japan's export growth slows for sixth month Earnings Preview: Walgreen to report 4Q results France, Germany split on automatic EU budget fines Benefit of higher credit score dwindles at top end IMF to do mandatory checks of financial systems Wal-Mart offers to buy Massmart for $4.25B JPMorgan faces lawyers' queries on foreclosures practices Oil slides to near $76 as traders eye supplies IRS won't be mailing tax forms next year Chrysler fires 13 workers caught boozing on tape Why Companies Should Insist That Employees Nap Asian stocks ease, dollar finds support Mon, 27 Sep 2010 09:58 pm PDT Reuters - Stocks edged lower throughout Asia on Tuesday following the lead of U.S. markets while the dollar found support on suggestions Japan's central bank might act to ease monetary policy and push down the yen. Full Story Top JPMorgan may pursue FDIC funds for WaMu claims: report Mon, 27 Sep 2010 07:32 pm PDT Reuters - JPMorgan Chase and Co (JPM.N) has told federal regulators it may seek to recoup the money it used to buy the banking assets of Washington Mutual Inc (WAMUQ.PK), the Wall Street Journal reported on Monday, citing people familiar with the situation. Full Story Top Obama signs small business bill into law Mon, 27 Sep 2010 01:05 pm PDT Reuters - President Barack Obama signed a $30 billion small business lending bill into law on Monday, claiming a victory on economic policy for his fellow Democrats ahead of November congressional elections. Full Story Top U.S. business fears "downward spiral" in China trade Mon, 27 Sep 2010 03:38 pm PDT Reuters - Congressional passage of a bill to pressure Beijing to revalue its currency could further harm U.S.-Chinese trade relations already hampered by mutual mistrust and suspicion, U.S. companies invested in China said on Monday. Full Story Top Takefuji to file for bankruptcy Tuesday: sources Mon, 27 Sep 2010 07:55 pm PDT Reuters - Japan's Takefuji Corp (8564.T) plans to file for bankruptcy on Tuesday with $5.2 billion in debts, sources said, making it the biggest consumer lender to fail under the weight of court-ordered interest repayments and tighter lending rules. Full Story Top European stocks mixed on takeover, earnings news Mon, 27 Sep 2010 06:41 am PDT AFP - Europe's main stock markets moved narrowly on Monday as investors reacted to takeover and earnings news involving the cosmetic and plumbing sectors. Full Story Top Japan's export growth slows for sixth month Mon, 27 Sep 2010 01:54 am PDT AP - Japan's export growth slowed for the sixth consecutive month in August as a strong yen and cooling global demand rattled an already fragile recovery. Full Story Top Earnings Preview: Walgreen to report 4Q results Mon, 27 Sep 2010 02:36 pm PDT AP - Walgreen Co., the largest U.S. drugstore chain, reports its fiscal fourth-quarter results before the stock market opens Tuesday. Full Story Top France, Germany split on automatic EU budget fines Mon, 27 Sep 2010 02:53 pm PDT AFP - European finance ministers agreed Monday on the need to slap sanctions on states that break budget rules but France and Germany were split on how swiftly the axe should fall on violators. Full Story Top Benefit of higher credit score dwindles at top end Mon, 27 Sep 2010 03:19 pm PDT AP - Have you been working to boost your credit score before trying to get a mortgage? It may not yield the payback you expect. Full Story Top IMF to do mandatory checks of financial systems Mon, 27 Sep 2010 02:32 pm PDT Reuters - The International Monetary Fund said on Monday it will conduct mandatory check-ups of the financial sectors of 25 systemically-important countries to try to prevent another damaging global financial crisis. Full Story Top Wal-Mart offers to buy Massmart for $4.25B Mon, 27 Sep 2010 02:06 pm PDT AP - Wal-Mart Stores Inc. is offering to buy South African retailer Massmart Holdings Ltd. for about $4.25 billion in a bid to jump-start growth beyond its sluggish U.S. business. Full Story Top JPMorgan faces lawyers' queries on foreclosures practices Mon, 27 Sep 2010 02:31 pm PDT Reuters - Lawyers in Florida, one of the states hardest hit by the housing crisis, are questioning JPMorgan Chase and Co's foreclosure practices after discovering an executive authorized such a proceeding without knowing whether the bank had a valid claim. Full Story Top Oil slides to near $76 as traders eye supplies Mon, 27 Sep 2010 09:59 pm PDT AP - Oil prices slid to near $76 a barrel Tuesday in Asia as traders awaited the latest U.S. supply figures for clues about the strength of demand for crude. Full Story Top IRS won't be mailing tax forms next year Mon, 27 Sep 2010 05:39 pm PDT AP - Don't look for tax forms and instructions in your mailbox next year. The Internal Revenue Service has decided to stop mailing them because so many people now file electronically. Full Story Top Chrysler fires 13 workers caught boozing on tape Mon, 27 Sep 2010 03:01 pm PDT AP - Chrysler Group LLC says it has fired 13 plant workers a Detroit TV station caught drinking alcohol and smoking what appeared to be marijuana during breaks. Full Story Top Why Companies Should Insist That Employees Nap Mon, 27 Sep 2010 05:08 am PDT BusinessWeek - Posted on Harvard Business Review: September 20, 2010 2:08 PM Full Story Top

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