Daily News Alert | Sunday, October 3, 2010 12:01 AM PDT |
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 |
IMF says China policy to help yuan revalue
Sat, 2 Oct 2010 02:35 am PDT
 Reuters - Policy moves by the Chinese government to free the yuan from a dollar peg will help the Chinese currency rise, Dominique Strauss-Kahn, the head of the International Monetary Fund, said on Saturday. 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 |
China's Wen offers to buy Greek debt
Sat, 2 Oct 2010 12:34 pm PDT
 Reuters - China offered on Saturday to buy Greek government bonds when Athens resumes issuing, in a show of support for the country whose debt burden pushed the euro zone into crisis and required an international bailout. Full Story | Top |
Regulators close small Florida, Wash. banks
Fri, 1 Oct 2010 07:01 pm PDT
AP - Regulators shut down small banks in Florida and Washington state on Friday, lifting to 129 the number of U.S. bank failures this year as loan defaults have mounted and economic distress has lingered. 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 |
Latvians opt for political stability in key poll
Sat, 2 Oct 2010 04:34 pm PDT
 AP - Voters in Latvia, which has suffered one of the world's worst recessions, agreed to endure more painful economic reforms by re-electing the country's center-right government, a nearly complete vote count in Saturday's election shows. 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 |
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 |
BofA suspends foreclosures in 23 states
Sat, 2 Oct 2010 04:07 am PDT
Reuters - Amid growing public anger over home seizures, Bank of America Corp has suspended some of its foreclosures and JPMorgan Chase & Co has come under investigation in California and Connecticut. 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 |
Details emerge on no-tax California budget pact
Sat, 2 Oct 2010 08:09 pm PDT
 AP - After a record-long impasse, California legislators are set to vote this week on a no-new-taxes budget that relies on a combination of spending cuts and optimistic financial projections to close a $19 billion deficit. Full Story | Top |
Australia set for 'rare earths' boom
Sat, 2 Oct 2010 09:58 pm PDT
 AFP - Rare earths, the little-known elements behind everything from iPods to hybrid cars and eco-friendly light bulbs, are set to boom in Australia thanks to an export clampdown by China, experts say. Full Story | Top |
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