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Thursday, December 30, 2010 12:00 AM PST

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Today's Business News: Asian stocks cement solid gains Sony sues to block LG from shipping phones to U.S. Corrected: Carlyle Group sells $860 mln stake in China Pacific China factory inflation eases, yuan hits record Blizzard delays $1 billion in holiday sales A look at economic developments around the globe Consumer confidence retreats in Dec. Cal-Maine Foods 2Q net income down on feed costs Hungary's tough new laws worry other EU countries GOP gets cold feet on ending bailout of Fannie Mae and Freddie Mac Putin praises START treaty, warns on WTO Dec. 26 storms delay $1B in retail spending Foreclosures rise in Q3 as fewer people get help Rig owner refuses to honor oil spill subpoenas Profs' website urges rich to 'give back' tax cuts Molycorp For Business Schools, Culture Matters Asian stocks cement solid gains Wed, 29 Dec 2010 10:22 pm PST Reuters - Japanese stocks ended the year with a whimper on Thursday as a stronger yen knocked shares of major exporters lower, but markets elsewhere in Asia rose, cementing solid gains for 2010 led by a near 50 percent rally for Indonesia. Full Story Top Sony sues to block LG from shipping phones to U.S. Wed, 29 Dec 2010 10:52 pm PST Reuters - Sony Corp has filed a patent infringement complaint seeking to block LG Electronics Inc from shipping smartphones such as its Rumor 2 model to the United States. Full Story Top Corrected: Carlyle Group sells $860 mln stake in China Pacific Wed, 29 Dec 2010 11:44 pm PST Reuters - (Corrects paragraph 3 to show the 57 percent stake is for Hong Kong traded H-shares and does not take into account outstanding Shanghai shares (601601.SS)) Full Story Top China factory inflation eases, yuan hits record Wed, 29 Dec 2010 11:27 pm PST Reuters - Chinese inflation showed signs of cresting in a manufacturing survey on Thursday, an early indication that the government will be able to stick to its course of gradual rather than aggressive monetary tightening. Full Story Top Blizzard delays $1 billion in holiday sales Wed, 29 Dec 2010 06:35 pm PST Reuters - A blizzard in the Northeast this weekend postponed about $1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday. Full Story Top A look at economic developments around the globe Tue, 28 Dec 2010 10:39 am PST AP - A look at economic developments and activity in major stock markets around the world Tuesday: Full Story Top Consumer confidence retreats in Dec. Tue, 28 Dec 2010 01:45 pm PST AP - Tuesday's Consumer Confidence Index report from the Conference Board at a glance: Full Story Top Cal-Maine Foods 2Q net income down on feed costs Mon, 27 Dec 2010 12:39 pm PST AP - Second-quarter net income at Cal-Maine Foods Inc. fell nearly 6 percent, the company said Monday, citing higher feed costs. Full Story Top Hungary's tough new laws worry other EU countries Wed, 29 Dec 2010 08:43 am PST AP - For decades Hungary was one of Eastern Europe's most democratic nations, leading former Soviet countries in adopting the political and economic norms of the free world. Full Story Top GOP gets cold feet on ending bailout of Fannie Mae and Freddie Mac Wed, 29 Dec 2010 04:56 pm PST The Christian Science Monitor - A new drop in the housing market is giving Republicans pause on plans to privatize home mortgage giants Fannie Mae and Freddie Mae. Full Story Top Putin praises START treaty, warns on WTO Wed, 29 Dec 2010 01:05 pm PST Reuters - Russian Prime Minister Vladimir Putin praised the New START nuclear arms treaty with the United States Wednesday, but made protectionist remarks that may complicate talks on joining the World Trade Organization (WTO). Full Story Top Dec. 26 storms delay $1B in retail spending Wed, 29 Dec 2010 10:42 am PST AP - The blizzard that swept through the Northeast on Sunday and Monday delayed $1 billion in retail spending, according to research firm ShopperTrak, but won't derail a holiday shopping season expected to be the best since 2007. Full Story Top Foreclosures rise in Q3 as fewer people get help Wed, 29 Dec 2010 03:02 pm PST AP - The number of foreclosed homes rose over the summer after fewer people at risk received assistance lowering their monthly mortgage payments, a new report shows. Full Story Top Rig owner refuses to honor oil spill subpoenas Wed, 29 Dec 2010 07:37 pm PST AP - The owner of the rig that exploded in the Gulf of Mexico is refusing to honor subpoenas from a federal board that has challenged the company's involvement in monitoring the testing of a key piece of equipment that failed to stop the oil spill disaster. Full Story Top Profs' website urges rich to 'give back' tax cuts Wed, 29 Dec 2010 01:44 pm PST AP - Upset the federal government recently extended tax cuts for the rich, three professors at Yale and Cornell universities have created a website that encourages wealthy Americans to give their tax savings to charities and send a political message in the process. Full Story Top Molycorp Wed, 29 Dec 2010 03:55 pm PST Investor's Business Daily - Molycorp (NYSE:MCP - News) , the rare earth miner, surged 6.8% to 49.30, adding to recent gains, a day after China announced new limits on exports of the metals used in hybrid cars, solar modules and other tech products. Molycorp shares have nearly quadrupled since going public in July. Full Story Top For Business Schools, Culture Matters Fri, 24 Dec 2010 05:08 am PST BusinessWeek - Have business schools contributed to creating overconfident and self-focused leaders? I suspect many of you will nod your head in agreement. You might even declare that, by extension, business schools share blame for the economic crisis. As a business school dean, I take these perceptions seriously; there is enough in them to warrant careful reflection. Full Story Top

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