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Saturday, April 30, 2011 12:00 AM PDT

Today's Business News: Dow posts best month in 2011 but Microsoft drags In Buffett territory, holders show allegiance to Warren EU hits banks with credit default swap probe Microsoft stock tumbles after Windows sales dip BOJ Shirakawa warns Japan economic outlook "very severe" Former SAC analyst settles insider charges with SEC Caterpillar profit surges as demand recovers Earnings Preview: Pfizer reports on first quarter EU targets 16 major banks in swaps market probes $4-a-gallon gas may be lifting your fund portfolio WTO talks on 'brink of failure': Lamy Target CEO pay rises 83 percent on one-time items How to Sell Your Small House Crude oil chemical linked to heart defect in babies House Budget Chair Ryan backs cutting oil subsidies Judge: I will again deny dismissal of Toyota suits MBA Rankings: A Better Way Dow posts best month in 2011 but Microsoft drags Fri, 29 Apr 2011 01:33 pm PDT Reuters - Stocks rose on Friday on strength from Caterpillar and other industrials, lifting the Dow and Nasdaq to their best monthly performance since December. Full Story Top In Buffett territory, holders show allegiance to Warren Fri, 29 Apr 2011 06:32 pm PDT Reuters - Warren Buffett may be under fire from New York investment managers over a scandal involving one of his former lieutenants, but on his home turf his most loyal shareholders think he is doing just fine. Full Story Top EU hits banks with credit default swap probe Fri, 29 Apr 2011 05:18 pm PDT Reuters - The $28 trillion credit default swaps market came under investigation on Friday by the European Union, adding to official pressures bearing down on a huge and opaque business that is widely blamed for aggravating the recent banking and euro zone debt crises. Full Story Top Microsoft stock tumbles after Windows sales dip Fri, 29 Apr 2011 03:33 pm PDT Reuters - Microsoft Corp shares fell as much as 5 percent on Friday, a day after the software company reported a dip in its Windows operating system sales. Full Story Top BOJ Shirakawa warns Japan economic outlook "very severe" Fri, 29 Apr 2011 09:42 pm PDT Reuters - Bank of Japan Governor Masaaki Shirakawa said on Saturday that the country's economic outlook was very severe and that the central bank would take appropriate action to support the economy. Full Story Top Former SAC analyst settles insider charges with SEC Thu, 28 Apr 2011 02:29 pm PDT Reuters - Former SAC Capital Advisors LP analyst Jonathan Hollander reached a settlement with U.S. securities regulators over allegations he engaged in insider trading in his personal account, while working at Steven A. Cohen's $12 billion hedge fund. Full Story Top Caterpillar profit surges as demand recovers Fri, 29 Apr 2011 11:47 am PDT Reuters - Caterpillar Inc recorded a fivefold profit surge and raised its 2011 profit forecast as customers bought new heavy equipment to replace old machines that aged during the economic downturn. Full Story Top Earnings Preview: Pfizer reports on first quarter Fri, 29 Apr 2011 04:50 pm PDT AP - Pfizer Inc., which reports first-quarter results before the stock market opens Tuesday, likely will focus on a recent acquisition, promising data on some experimental drugs and efforts to improve its business portfolio under CEO Ian Read, who took over in December. Full Story Top EU targets 16 major banks in swaps market probes Fri, 29 Apr 2011 02:17 pm PDT AP - The European Union's competition watchdog is investigating the practices of some of the world's largest banks, as well as a clearing house and a financial data firm, in the market for credit default swaps. Full Story Top $4-a-gallon gas may be lifting your fund portfolio Thu, 28 Apr 2011 02:38 pm PDT AP - Think positive. The pain you're feeling at the pump from $4-a-gallon gas may become a little easier to bear once you receive your next quarterly mutual fund statement. Full Story Top WTO talks on 'brink of failure': Lamy Fri, 29 Apr 2011 11:04 am PDT AFP - The Doha round of global talks aimed at expanding free trade is on the brink of failure, World Trade Organisation chief Pascal Lamy warned on Friday, with experts signalling that a collapse could even threaten the WTO. Full Story Top Target CEO pay rises 83 percent on one-time items Fri, 29 Apr 2011 10:36 am PDT AP - The CEO of discount retailer Target Corp. received a pay package in 2010 worth $23.9 million, 83 percent more than he made in 2009, because he became eligible for enhanced pension benefits and his stock awards rose as the company's performance improved, according to documents Target filed Friday with the Securities and Exchange Commission. Full Story Top How to Sell Your Small House Fri, 29 Apr 2011 12:40 pm PDT U.S. News & World Report - Here's the good news: smaller homes are selling much faster in this market than the jumbling McMansions of 10 years ago. The bad news? Although buyers want a small home, selling one can be something of a challenge. Full Story Top Crude oil chemical linked to heart defect in babies Fri, 29 Apr 2011 11:26 pm PDT AFP - Babies who are exposed before birth to ethyl benzene, a toxic component in crude oil, may have a higher risk of developing congenital heart disease, US researchers said Saturday. Full Story Top House Budget Chair Ryan backs cutting oil subsidies Fri, 29 Apr 2011 04:17 am PDT Reuters - House Budget Committee Chairman Paul Ryan said on Thursday he supports cutting tax breaks for the oil industry as lawmakers search for ways to battle rising gasoline prices. Full Story Top Judge: I will again deny dismissal of Toyota suits Fri, 29 Apr 2011 05:55 pm PDT AP - A federal judge said Friday that he will deny another request from Toyota Motor Corp. to dismiss lawsuits filed by car owners who claim sudden-acceleration defects caused the value of their vehicles to drop. Full Story Top MBA Rankings: A Better Way Fri, 29 Apr 2011 05:08 am PDT BusinessWeek - To say that MBA programs have undergone significant changes over the past three decades is an understatement. There have been dramatic shifts in approaches, curricula, and the overall MBA experience, all with a decidedly student-centric focus. Media rankings, such as those published by Bloomberg Businessweek, have played an influential role in this transformation by shining a light into an insular academic world, opening it up to scrutiny and increased accountability. ... Full Story Top

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