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Wednesday, September 29, 2010 12:00 AM PDT

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Today's Business News: Asian stocks at 2-year high, dollar on defensive House set to approve bill aimed at China yuan Deficit-cut panel convenes amid skepticism J&J CEO to address recalls; Tylenol brand dips Gold hits all time high, eyes on Fed's next move FTSE 100 shares fall at open Confidence declines to lowest since February HP sees 2011 earnings topping analyst projections Iceland ex-PM faces possible charges in meltdown Lawmaker unveils mortgage modification bill IMF boss sees low risk of 'currency war' Feds fine Abercrombie $1M over immigration issue Ackman loses appeal on New York's Stuyvesant Town Oil rises to near $77 on unexpected US supply fall 47 House Dems side with GOP on investment taxes Gov't opens probe on power steering in Mini Cooper Why Companies Should Insist That Employees Nap Asian stocks at 2-year high, dollar on defensive Tue, 28 Sep 2010 07:20 pm PDT Reuters - Asian stocks hit a two-year high and the dollar was stuck near a seven-month low after poor U.S. data reinforced expectations the U.S. Federal Reserve will take more action to help the struggling economy. Full Story Top House set to approve bill aimed at China yuan Tue, 28 Sep 2010 11:12 pm PDT Reuters - The House of Representatives is poised on Wednesday to pass legislation to pressure China to let its yuan currency rise more quickly, fanning the flames of a long-running dispute over trade and jobs. Full Story Top Deficit-cut panel convenes amid skepticism Tue, 28 Sep 2010 10:14 pm PDT Reuters - With just two months left before it has to issue a final report, a U.S. commission looking at ways to cut the federal deficit was to meet again on Wednesday amid questions about its hard-headedness. Full Story Top J&J CEO to address recalls; Tylenol brand dips Tue, 28 Sep 2010 03:19 pm PDT Reuters - Johnson & Johnson's (JNJ.N) massive recall of popular medicines, including a stealthy recall of some Motrin packages, has eroded the company's reputation and put pressure on chief executive Bill Weldon who appears before a congressional committee on Thursday. Full Story Top Gold hits all time high, eyes on Fed's next move Tue, 28 Sep 2010 10:36 pm PDT Reuters - Gold hit a lifetime high on Wednesday, its 10th record in 12 sessions, as the dollar dropped against a basket of currencies on expectations the Federal Reserve would take new measures to shore up the economy. Full Story Top FTSE 100 shares fall at open Tue, 28 Sep 2010 12:39 am PDT AFP - London stocks lost ground at the start of trading on Tuesday following overnight falls in Tokyo. Full Story Top Confidence declines to lowest since February Tue, 28 Sep 2010 02:30 pm PDT Reuters - U.S. consumer confidence fell to its lowest level in seven months in September, underscoring lingering worries about the strength of the economic recovery. Full Story Top HP sees 2011 earnings topping analyst projections Tue, 28 Sep 2010 02:20 pm PDT AP - Hewlett-Packard Co. expects its earnings in the upcoming year to exceed analyst projections. Full Story Top Iceland ex-PM faces possible charges in meltdown Tue, 28 Sep 2010 03:35 pm PDT AP - Iceland's former Prime Minister Geir Haarde has been referred to a special court in a move that could make him the first world leader to be charged in connection with the global financial crisis. Full Story Top Lawmaker unveils mortgage modification bill Tue, 28 Sep 2010 01:50 pm PDT Reuters - As many as 30 million U.S. homeowners would be able to refinance their mortgage at record low interest rates regardless of their credit situation under a plan unveiled on Tuesday by a Democratic lawmaker. Full Story Top IMF boss sees low risk of 'currency war' Tue, 28 Sep 2010 02:59 pm PDT AFP - The risk of a global currency war is "low" but cannot be ruled out, IMF managing director Dominique Strauss-Kahn said on Tuesday, following a spate of currency interventions. Full Story Top Feds fine Abercrombie $1M over immigration issue Tue, 28 Sep 2010 02:53 pm PDT AP - A federal agency is issuing a $1 million fine against Abercrombie & Fitch over the way the clothing retailer kept track of the employment eligibility of its workers. Full Story Top Ackman loses appeal on New York's Stuyvesant Town Tue, 28 Sep 2010 03:28 pm PDT Reuters - A state appeals court ruled against hedge fund manager William Ackman on Tuesday, paving the way for bondholders to sell the massive Manhattan apartment complexes Stuyvesant Town and Peter Cooper Village in a foreclosure auction next week. Full Story Top Oil rises to near $77 on unexpected US supply fall Tue, 28 Sep 2010 10:49 pm PDT AP - Oil prices rose to near $77 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped last week, suggesting demand may be improving. Full Story Top 47 House Dems side with GOP on investment taxes Tue, 28 Sep 2010 02:45 pm PDT AP - Forty-seven House Democrats — enough to give Republicans a victory on taxes if the issue came to a vote — are breaking ranks with President Barack Obama by calling on party leaders to continue Bush-era tax cuts on investment income. Full Story Top Gov't opens probe on power steering in Mini Cooper Tue, 28 Sep 2010 11:57 am PDT AP - The government opened an investigation on Tuesday into potential power steering problems in Mini Coopers built by German automaker BMW AG. 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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