Monday, March 1, 2010

Daily News Digest: Business News

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Monday, March 1, 2010 12:01 AM PST
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Today's Business News:
Asian stock markets gain for 2nd day
Sun, 28 Feb 2010 11:36 pm PST
AP - Asian stock markets advanced Monday after China said manufacturing grew at a slower pace last month, easing worries the government would accelerate its measures to cool the world's third-largest economy. Full Story
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Toyota chief visits China amid recall woes
Sun, 28 Feb 2010 09:31 pm PST
AP - Toyota President Akio Toyoda's visit to China to talk about his company's quality problems reflects the fast-growing Chinese market's importance to automakers as they struggle with weak global sales. Full Story
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Germany's Merck buying Millipore for $6B plus debt
Sun, 28 Feb 2010 05:02 pm PST
AP - Germany's Merck KGaA said Sunday that it will pay $6 billion in cash to buy U.S. biotech equipment maker Millipore Corp. in a move to expand its presence beyond drugs and chemicals and into the life science sector. Full Story
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JFK runway closure to rattle nerves, wallets
Sun, 28 Feb 2010 11:24 pm PST
AP - One runway, a whole lot of problems. Full Story
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Not much impact from repeat buyer credit
Sun, 28 Feb 2010 11:33 pm PST
AP - It sounded like a great idea three months ago: Hand homeowners a $6,500 tax credit to find a new place to live, giving a thrust of energy to the housing market's recovery. Full Story
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Oil rises above $80 as regional stocks gain
Sun, 28 Feb 2010 08:45 pm PST
AP - Oil prices rose above $80 a barrel Monday in Asia as crude traders followed regional stock markets higher. Full Story
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Best month since November in lackluster day for stocks
Fri, 26 Feb 2010 01:44 pm PST
Reuters - Stocks rose on Friday, capping their best monthly advance since November as data showed the economy grew a tad better than expected in the fourth quarter. Full Story
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Democrats struggle to advance jobs bill
Fri, 26 Feb 2010 11:53 am PST
Reuters - Democrats in the Congress on Friday struggled to make headway on their top legislative priority -- job creation -- as the government prepared to shut off funding for many of the measures they hope will bring down the unemployment rate. Full Story
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Paper gains drive Berkshire's profit skyward
Sat, 27 Feb 2010 02:28 pm PST
AP - Berkshire Hathaway Inc.'s fourth-quarter profit bounced back sharply, thanks largely to an unrealized $1 billion gain on derivative contracts and investments. Full Story
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EU finance chief heads to Athens Monday
Sun, 28 Feb 2010 04:28 pm PST
AP - The EU's financial affairs chief is traveling to Athens to hold discussions with Greek officials on their country's debt crisis and efforts to enact painful austerity measures to curb public spending. Full Story
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AIG agrees to $35.5 billion unit sale to Prudential: sources
Sun, 28 Feb 2010 08:06 pm PST
Reuters - American International Group Inc (AIG.N) agreed to sell its Asian life insurance unit to Britain's Prudential Plc (PRU.L) for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the matter said. Full Story
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Head of IMF proposes new reserve currency
Fri, 26 Feb 2010 01:13 pm PST
AP - Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. Full Story
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Strike closes Belgium's Carrefour stores
Sat, 27 Feb 2010 08:57 am PST
AFP - All Carrefour supermarkets in Belgium were closed by strike action Saturday, following an appeal by trade unions to protest at plans by the world's second largest retailer to cut jobs and close stores. Full Story
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Republicans want hearing on Fannie/Freddie bailout
Sun, 28 Feb 2010 06:39 pm PST
Reuters - Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration's bailout of home funding giants Fannie Mae and Freddie Mac. Full Story
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Militants destroy NATO oil tanker in Pakistan
Sun, 28 Feb 2010 10:06 pm PST
AP - Pakistani militants have attacked a tanker carrying fuel to NATO and US forces in Afghanistan. Full Story
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Toyoda slips into China on damage control mission
Sun, 28 Feb 2010 08:30 pm PST
Reuters - Toyota Motor Corp President Akio Toyoda sought to ease quality concerns during a low-key visit to China on Monday, fresh from a grueling hearing in the U.S. Congress over his company's biggest safety crisis. Full Story
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B-School: More Work, Less Play
Fri, 26 Feb 2010 05:28 am PST
BusinessWeek - One of the hallmarks of the Wake Forest University Schools of Business Full-time MBA program is the emphasis on teamwork. Your success in the program is directly affected by your ability to work with your team to accomplish assignments throughout the year. In particular, one project proved to be both our greatest challenge and our greatest opportunity for growth: the Talent Management Project, part of our organizational behavior (OB) class. OB is typically dismissed by business students as the "touchy feely" class. ... Full Story
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