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Monday, April 5, 2010 12:00 AM PDT

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Today's Business News: Asian shares advance on US jobs market recovery Oil rises to near $86 as US jobs market improves Salvaging ship from Barrier Reef could take weeks SandRidge to buy Arena Resources for $1.6B Political Economy: Nailing Jello Water bills go up in down economy as usage drops How the major stock indexes fared on Thursday Flash, and some nods to recession, at NY auto show Q1 Earnings Season Should Be Strong, With Broad Gains Stung by costly loans, Greece doubts EU debt plan Icahn now owns whole mortgage on Trump casinos IMF chief urges Jordan to balance education, market needs Group 1 Automotive closes $15M note offering U.S. probing LPS unit Docx LLC: report S.Korean warship diverted after pirates hijack tanker Peace breaks out on S.Korean factory floors The Man Behind London's Shard Skyscraper Asian shares advance on US jobs market recovery Sun, 4 Apr 2010 10:28 pm PDT AP - Asian stock markets were mostly higher Monday after an encouraging U.S. jobs report offered the latest sign the global economy is on the mend. Full Story Top Oil rises to near $86 as US jobs market improves Sun, 4 Apr 2010 10:30 pm PDT AP - Oil prices jumped to near $86 a barrel Monday in Asia, extending gains from last week as investors bet an improving U.S. job market will herald growing crude demand. Full Story Top Salvaging ship from Barrier Reef could take weeks Sun, 4 Apr 2010 05:17 pm PDT AP - A salvage team could take weeks to remove a grounded coal-carrying ship from Australia's Great Barrier Reef, where it is leaking oil in a pristine marine environment, a state leader said on Monday. Full Story Top SandRidge to buy Arena Resources for $1.6B Sun, 4 Apr 2010 02:31 pm PDT AP - Oil and gas explorer SandRidge Energy Inc. is buying fellow developer Arena Resources Inc. for $1.6 billion as the continued drop in natural gas prices drives a bigger focus on oil resources, the companies said Sunday. Full Story Top Political Economy: Nailing Jello Sat, 3 Apr 2010 04:03 pm PDT CQPolitics.com - Last week, with the enactment of the health care reconciliation package, Congress struck a blow to the tax shelter business after many years of trying. There's a good chance, though, that the blow will be glancing and that the lawmakers' intent won't be achieved. Full Story Top Water bills go up in down economy as usage drops Sun, 4 Apr 2010 10:35 am PDT AP - The grim economy is hitting some consumers in the wallet in yet another way: their water bills. Full Story Top How the major stock indexes fared on Thursday Thu, 1 Apr 2010 02:27 pm PDT AP - Stronger reports on jobs and manufacturing boosted stocks Thursday ahead of the government's March employment report. The Dow Jones industrial average rose 70 points to a 2010 high on the final day of a shortened week. The stock market will be closed Friday and the bond market will close early for Good Friday. Major stock indexes rose for a fifth straight week. Full Story Top Flash, and some nods to recession, at NY auto show Sun, 4 Apr 2010 12:10 am PDT AP - Teenage car enthusiast Frank Vecchio stood in awe before a Rolls-Royce Ghost with a $301,575 sticker price — admiring a detail he had seen only in a video game. Full Story Top Q1 Earnings Season Should Be Strong, With Broad Gains Thu, 1 Apr 2010 04:44 pm PDT Investor's Business Daily - Analysts expect to see more robust growth when corporate earnings roll in this month, though this time prior-year comparisons should be a little less skewed than they were in the prior quarter. Full Story Top Stung by costly loans, Greece doubts EU debt plan Sat, 3 Apr 2010 10:46 pm PDT AFP - Greece fought for months to get EU help to tackle its mounting debt crisis but it has taken only days for fresh doubts to emerge on the deal and the country's ability to put its finances in order. Full Story Top Icahn now owns whole mortgage on Trump casinos Fri, 2 Apr 2010 06:02 am PDT AP - Carl Icahn has bought the remaining half of the $500 million mortgage on the three Trump Entertainment Resorts casinos he's trying to buy out of bankruptcy. Full Story Top IMF chief urges Jordan to balance education, market needs Sun, 4 Apr 2010 10:05 am PDT AFP - International Monetary Fund chief Dominique Strauss-Kahn said on Sunday that Jordan needs to strike a balance between its education system and market needs in order to boost the economy. Full Story Top Group 1 Automotive closes $15M note offering Thu, 1 Apr 2010 02:20 pm PDT AP - Auto retailer Group 1 Automotive Inc. said Thursday that its sale of $15 million of convertible senior notes due 2020 has closed. Full Story Top U.S. probing LPS unit Docx LLC: report Sat, 3 Apr 2010 08:49 am PDT Reuters - A unit of Lender Processing Services Inc (LPS.N), a U.S. provider of paperwork used by banks in the foreclosure process, is being investigated by federal prosecutors, the Wall Street Journal reported on Saturday. Full Story Top S.Korean warship diverted after pirates hijack tanker Sun, 4 Apr 2010 10:10 pm PDT AFP - A South Korean warship is rushing to the area where Somali pirates hijacked a South Korean oil tanker with 24 crew members aboard, the military said Monday. Full Story Top Peace breaks out on S.Korean factory floors Sat, 3 Apr 2010 11:44 pm PDT AFP - Eight months ago, Ssangyong Motor's car plant looked like a war zone as unionists occupying the premises battled riot police with catapults, firebombs and steel pipes. Full Story Top The Man Behind London's Shard Skyscraper Fri, 2 Apr 2010 05:08 am PDT BusinessWeek - In case anybody doesn't know it, a dramatic change to London's skyline is emerging in the shape of the Shard, a skyscraper on the city's South Bank that resembles a giant wigwam of glass. When completed in 2012, it will be Europe's tallest building. And Irvine Sellar is the man responsible for it. Full Story Top

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