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Sunday, November 28, 2010 12:00 AM PST

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Today's Business News: Retailers slow discounts after "Black Friday" Online bargain-hunting spreads beyond Cyber Monday Europe set to bail out Ireland as debt crisis grows Qantas chief points finger at Rolls-Royce over A380 woes Euro bears jolt U.S. bulls but jobs may help CA-CANADA Summary Philippine economic growth slows to 6.5 pct in 3Q Malaysia Airlines returns to profit in 3Q Deal on Ireland's euro85B bailout could come Sunday Boston man sentenced in mortgage fraud scheme Greece may get 11-year period to repay bailout: IMF Black Friday shows slight increase in US sales Feline media sensation Prince Chunk dies in NJ Pit blast threat to N.Zealand coal mine industry Portugal adopts deficit-reducing austerity plan Higher gas prices won't slow most holiday shoppers Scout International's Winning Bets on Foreign Stocks Retailers slow discounts after "Black Friday" Sat, 27 Nov 2010 03:18 pm PST Reuters - Retailers scaled back discounts and shoppers were less frenzied on Saturday, a day after the mad rush for "Black Friday" bargains kicked off the holiday shopping season. Full Story Top Online bargain-hunting spreads beyond Cyber Monday Sat, 27 Nov 2010 04:21 pm PST Reuters - Early discounts may have taken some of the shine off Cyber Monday but the key online holiday shopping day is still expected to attract bargain hunters who may not have had their fill over the weekend. Full Story Top Europe set to bail out Ireland as debt crisis grows Sat, 27 Nov 2010 03:05 pm PST Reuters - European ministers are expected to sign off on an 85 billion euro ($112.7 billion) rescue for Ireland on Sunday, making it the second euro member after Greece to require a bailout in the face of a crippling debt crisis. Full Story Top Qantas chief points finger at Rolls-Royce over A380 woes Sat, 27 Nov 2010 07:31 pm PST Reuters - Qantas Airways (QAN.AX) chief executive Alan Joyce has said an engine failure on an A380 superjumbo should be blamed on the engine's design and had nothing to do with the airline's operations. Full Story Top Euro bears jolt U.S. bulls but jobs may help Sat, 27 Nov 2010 05:06 am PST Reuters - There is no sign that investors' headaches from Europe are going away, but early indications of strong holiday spending and an improving labor market could soothe Wall Street next week. Full Story Top CA-CANADA Summary Wed, 24 Nov 2010 12:29 pm PST Reuters - Shares of Tim Hortons Inc, Canada's largest restaurant chain, touched their lifetime high of C$41.20 on the Toronto Stock Exchange on Wednesday, a day after it said customers can now use debit cards to pay for their coffee and meals. Customers will no longer need to think about whether they have cash in their pockets when they buy their morning coffee, the company said. Full Story Top Philippine economic growth slows to 6.5 pct in 3Q Wed, 24 Nov 2010 09:43 pm PST AP - The Philippine economy slowed to growth of 6.5 percent in the third quarter as weakness in agriculture and other industries offset strong consumer spending. Full Story Top Malaysia Airlines returns to profit in 3Q Thu, 25 Nov 2010 02:31 am PST AP - Malaysia Airlines says it returned to profit in the third quarter as travel increased amid the region's economic recovery. Full Story Top Deal on Ireland's euro85B bailout could come Sunday Sat, 27 Nov 2010 12:00 pm PST AP - An Irish government minister said Saturday he expects an agreement within the next 24 hours on an EU-IMF bailout loan for Ireland worth approximately euro85 billion ($115 billion), but he rejected reports that the aid could come with a punitively high interest rate. Full Story Top Boston man sentenced in mortgage fraud scheme Fri, 26 Nov 2010 08:33 am PST AP - A Boston man has received a jail sentence and been ordered to pay $100,000 restitution for his role in a mortgage fraud scheme. Full Story Top Greece may get 11-year period to repay bailout: IMF Sat, 27 Nov 2010 02:17 pm PST Reuters - The EU and the IMF could extend the period in which Greece must repay its bailout loans by five years, to make it easier for it to service its debt, a Greek newspaper said on Saturday, citing an IMF official. Full Story Top Black Friday shows slight increase in US sales Sat, 27 Nov 2010 10:08 pm PST AFP - Black Friday, the official start of the holiday shopping season in the United States, showed a 2.2-percent boost in the number of shoppers going to the malls, according to early estimates. Full Story Top Feline media sensation Prince Chunk dies in NJ Fri, 26 Nov 2010 06:19 pm PST AP - An enormously fat cat named Prince Chunk who became famous when he was found wandering in New Jersey after his owner lost her home to foreclosure has died. Full Story Top Pit blast threat to N.Zealand coal mine industry Sat, 27 Nov 2010 10:00 pm PST AFP - A pit disaster that claimed 29 lives threatens New Zealand's entire underground coal industry, Prime Minister John Key warned Sunday, as another explosion rocked the gas-choked colliery. Full Story Top Portugal adopts deficit-reducing austerity plan Fri, 26 Nov 2010 04:38 am PST AP - Portugal's Parliament has approved a plan to hike taxes and cut salaries and welfare benefits next year in a bid to reverse waning market confidence in its public finances. Full Story Top Higher gas prices won't slow most holiday shoppers Sat, 27 Nov 2010 10:17 am PST AP - Many Americans are determined not to let higher gas be the Grinch that spoils their holiday spending plans. Full Story Top Scout International's Winning Bets on Foreign Stocks Thu, 25 Nov 2010 05:08 am PST BusinessWeek - What distinguishes us from most money managers is that were long-term investors with about a five-year time horizon for most of the stocks we own. We focus on a few major variables. One is the long-term outlook for the country where our companies have operations and another is the long-term outlook for the companies themselves. Tied into that is a focus on quality, strong balance sheets, low debt, and a growth orientation. We are looking for industry-leading, dominant companies that control their destiny and have good management and good profitability to show for it. ... Full Story Top

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