Daily News Digest: Business News

Yahoo! Alerts

Yahoo! News | My Alerts | Edit Alert

Saturday, October 2, 2010 12:01 AM PDT

Sponsored Link Special Offer - Free Trial of Blockbuster.com Rent Movies from Blockbuster.com. Delivered Direct To Your Mailbox. Click here to start today. www.Blockbuster.com

Today's Business News: Wall St extends rally as resource stocks gain Microsoft sues Motorola over Android phones Single trade helped spark May's flash crash Risk council takes first steps on Dodd-Frank BHP files motion to dismiss Potash Corp lawsuit FTSE 100 recovers from earlier losses Factory and inflation data suggest more Fed easing DemandTec fiscal 2Q loss narrows EU opens IMF door to emerging giants Summary Box: Treasurys flat following reports Russia, US conclude WTO talks: Russian government Irish economy slips further ahead of harsh cuts Bank of America delays foreclosures in 23 states American Bob Dudley succeeds Hayward as BP's CEO Washington wealthy clash over income tax on rich Tata Motors Stock Picks: Allstate, Time Warner Cable, Tractor Supply Wall St extends rally as resource stocks gain Fri, 1 Oct 2010 02:38 pm PDT Reuters - Wall Street extended the rally on Friday, led by gains in resource stocks after data in China showed a pick-up in manufacturing activity. Full Story Top Microsoft sues Motorola over Android phones Fri, 1 Oct 2010 03:48 pm PDT Reuters - Microsoft Corp sued Motorola Inc, alleging patent infringement on the handset maker's line of Android phones, in the latest development in a web of legal actions in the evolving smartphone business. Full Story Top Single trade helped spark May's flash crash Fri, 1 Oct 2010 08:49 pm PDT Reuters - A computer-driven sale worth $4.1 billion by a single trader helped trigger the May flash crash, setting off liquidity shocks that ricocheted between U.S. futures and stock markets, regulators concluded in a report. Full Story Top Risk council takes first steps on Dodd-Frank Fri, 1 Oct 2010 09:42 pm PDT Reuters - A new council of U.S. regulators charged with identifying risks to the financial system acted on Friday to begin implementing the new financial regulatory overhaul law. Full Story Top BHP files motion to dismiss Potash Corp lawsuit Fri, 1 Oct 2010 10:06 pm PDT Reuters - BHP Billiton (BHP.AX)(BLT.L) on Friday requested a U.S. court to dismiss a lawsuit filed by Potash Corp (POT.TO), which alleges that BHP misrepresented material facts related to its $39 billion hostile bid for the world's largest fertilizer maker. Full Story Top FTSE 100 recovers from earlier losses Fri, 1 Oct 2010 09:09 am PDT AFP - London's stock market rallied Friday after suffering earlier losses due to the release of downbeat US manufacturing data. Full Story Top Factory and inflation data suggest more Fed easing Fri, 1 Oct 2010 12:41 pm PDT Reuters - Manufacturing growth slowed last month and inflation remained subdued in August, leaving the door open for the Federal Reserve to launch a fresh round of monetary policy easing. 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 opens IMF door to emerging giants Fri, 1 Oct 2010 09:31 am PDT AFP - Europe opened the door Friday to ceding some power to emerging economies at the International Monetary Fund, in a key gesture ahead of a summit with Asian giants and a crunch IMF meeting. Full Story Top Summary Box: Treasurys flat following reports Fri, 1 Oct 2010 03:18 pm PDT AP - INCOME UP: The government reported that personal income rose in August. The good news: the 0.5 percent income gain was the fastest pace in five months. The bad news: nearly half of the increase came from unemployment benefits. Full Story Top Russia, US conclude WTO talks: Russian government Fri, 1 Oct 2010 03:39 pm PDT AFP - The United States gave its blessing Friday for Russia to join the World Trade Organization, lifting a major obstacle for Moscow which has sought to enter the global trade group for 17 years. Full Story Top Irish economy slips further ahead of harsh cuts Fri, 1 Oct 2010 06:03 am PDT Reuters - Ireland's brief economic upturn showed further signs of petering out on Friday, with weak manufacturing and retail sales data giving Prime Minister Brian Cowen little comfort ahead of a savage round of budget cuts. Full Story Top Bank of America delays foreclosures in 23 states Fri, 1 Oct 2010 10:51 pm PDT AP - Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents. Full Story Top American Bob Dudley succeeds Hayward as BP's CEO Fri, 1 Oct 2010 04:00 pm PDT AP - They were both pivotal figures following the worst offshore oil spill in U.S. history: one for angering Gulf residents with his ill-conceived comments about wanting his life back and by attending a weekend yacht race, the other for his ubiquitous presence along the crude-stained shores. Full Story Top Washington wealthy clash over income tax on rich Fri, 1 Oct 2010 01:35 pm PDT AP - The state that produced America's richest man has never taken a cut of its residents' income. Microsoft Corp. co-founder Bill Gates and his father would like to change that. Full Story Top Tata Motors Fri, 1 Oct 2010 05:38 pm PDT Investor's Business Daily - Tata Motors (NYSE:TTM - News) , India's largest automaker by sales, is selling common stock and stock with differential voting rights to raise at least $525 mil. The owner of Jaguar and Range Rover intends to use the money for debt repayment, capital spending, long-term working capital and "growth objectives." Shares rose 0.3% to 25.59. Full Story Top Stock Picks: Allstate, Time Warner Cable, Tractor Supply Fri, 1 Oct 2010 05:08 am PDT BusinessWeek - Allstate: Soleil Securities equity analyst Harry Fong maintained a buy rating and $38 price target on shares of Allstate (NYSE:ALL - News), the largest publicly traded U.S. home and auto insurer, on Sept. 30. Full Story Top

You received this email because you subscribed to Yahoo! Alerts. Use this link to unsubscribe from this alert. To change your communications preferences for other Yahoo! business lines, please visit your Marketing Preferences. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy. Yahoo! is located at 701 First Avenue, Sunnyvale, CA 94089.