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Friday, October 1, 2010 12:00 AM PDT

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Today's Business News: Asian stocks rise as China data boosts hopes AIG and U.S. set faster, riskier exit path Fed's Bernanke, Pianalto say recovery disappointing Report to say Waddell stoked flash crash: source HP names SAP ex-chief as its new CEO, shares slide By The Numbers: This summer's stock market rally Data supports modest 3rd-quarter growth hopes DemandTec fiscal 2Q loss narrows EU finance ministers meet to settle bank taxes row Summary Box: Mortgage rates match low of 4.32 pct. IMF chief sees no need to help Ireland German retail sales slip by 0.2 pct in August New Yorkers buying bigger homes, prices stable GE launches device to recycle fracking water H&R Block sees 5-cent hit from IRS policy change Post-crisis Paris car show goes electric, looks to Asia College Graduates' Top Employers Asian stocks rise as China data boosts hopes Thu, 30 Sep 2010 09:53 pm PDT Reuters - Asian stocks rose on Friday as stronger-than expected economic data from China and the United States boosted confidence in the global economic recovery. Full Story Top AIG and U.S. set faster, riskier exit path Thu, 30 Sep 2010 04:37 pm PDT Reuters - American International Group Inc and the U.S. government agreed on Thursday agreed on a plan that would accelerate the payback of bailout money and could yield a profit for taxpayers but also increase their risk. Full Story Top Fed's Bernanke, Pianalto say recovery disappointing Thu, 30 Sep 2010 05:41 pm PDT Reuters - The economic recovery remains disappointingly slow with unemployment too high, two top Federal Reserve officials said on Thursday, as they discussed the role of the U.S. central bank in spurring a stronger economy. Full Story Top Report to say Waddell stoked flash crash: source Thu, 30 Sep 2010 03:47 pm PDT Reuters - A single trade by Waddell & Reed Financial Inc helped spark the cascade of market selling on May 6, said a source familiar with regulators' report on the so-called flash crash. Full Story Top HP names SAP ex-chief as its new CEO, shares slide Thu, 30 Sep 2010 07:02 pm PDT Reuters - Hewlett-Packard Co named Leo Apotheker, the former head of German software company SAP, its new chief executive in a surprise appointment. Full Story Top By The Numbers: This summer's stock market rally Thu, 30 Sep 2010 01:40 pm PDT AP - Here's a look at some third-quarter performance data for various market indexes and economic indicators: Full Story Top Data supports modest 3rd-quarter growth hopes Thu, 30 Sep 2010 02:03 pm PDT Reuters - New U.S. claims for jobless aid fell last week, while manufacturing in the nation's Midwest region grew faster than expected in September, supporting the view that economic activity picked up a bit in the third quarter. Full Story Top DemandTec fiscal 2Q loss narrows Thu, 30 Sep 2010 02:27 pm PDT AP - DemandTec Inc., a provider of software services for retailers and consumer products companies, said Thursday that its fiscal second-quarter loss narrowed slightly as operating expenses shrank. Full Story Top EU finance ministers meet to settle bank taxes row Thu, 30 Sep 2010 10:35 pm PDT Reuters - European Union finance ministers met on Friday in a fresh attempt to agree a common approach to taxing banks for the cost of crises although documents prepared by aides for the meeting showed agreement was unlikely. Full Story Top Summary Box: Mortgage rates match low of 4.32 pct. Thu, 30 Sep 2010 02:03 pm PDT AP - MORTGAGE RATES FALL: Rates on 30-year mortgages matched the lowest level in decades and those for 15-year loans fell to the lowest point in nearly 20 years. Full Story Top IMF chief sees no need to help Ireland Thu, 30 Sep 2010 11:39 pm PDT AFP - IMF chief Dominique Strauss-Kahn said in a newspaper interview on Friday that he did not expect Ireland to call on a European rescue fund to help the country cope with its financial crisis. Full Story Top German retail sales slip by 0.2 pct in August Thu, 30 Sep 2010 11:30 pm PDT AFP - German retail sales showed a surprise drop of 0.2 percent in August from the previous month, according to provisional, seasonally-corrected figures released Friday by the national statistics office. Full Story Top New Yorkers buying bigger homes, prices stable Thu, 30 Sep 2010 09:13 pm PDT Reuters - Manhattan apartment prices were up year-over-year in the third quarter as more residents bought larger apartments, according to reports released on Thursday by New York City's biggest brokerages. Full Story Top GE launches device to recycle fracking water Thu, 30 Sep 2010 05:10 pm PDT AP - General Electric Co. is launching a mobile device aimed at helping natural gas drillers recycle water used in a controversial gas drilling process known as hydraulic fracturing. The truck-sized, transportable device would cut down on both the amount of fresh water used and wastewater currently trucked long distances for disposal. Full Story Top H&R Block sees 5-cent hit from IRS policy change Thu, 30 Sep 2010 03:03 pm PDT AP - Changes in the way the Internal Revenue Service gives information about taxpayers to tax preparers will hurt H&R Block Inc.'s profit next year, CEO Alan Bennett told shareholders Thursday. Full Story Top Post-crisis Paris car show goes electric, looks to Asia Thu, 30 Sep 2010 11:46 am PDT AFP - Glamorous women draped themselves over gleaming vehicles and technicians plugged in electric cars Thursday as the world's auto industry met in Paris to showcase dozens of new models and pray that crisis is behind it. Full Story Top College Graduates' Top Employers Wed, 29 Sep 2010 05:08 am PDT BusinessWeek - Having captured the hearts and minds of undergraduate business students, Google is still No. 1 in the latest Universum ranking of the most popular employers rated by young people. But it shouldn't get too cocky: The competition is getting fiercer. Full Story Top

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