Monday, May 30, 2011

Daily News Digest: Business News

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Monday, May 30, 2011 12:02 AM PDT
Today's Business News:
Dollar struggles near 2-week lows; stocks steady
Sun, 29 May 2011 11:41 pm PDT
Reuters - The dollar hovered near a two-week low against a basket of currencies on Monday and Asian stocks were pinned in tight trading ranges as weak U.S. economic data and fears of a Greek debt default kept many investors on the sidelines. Full Story
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Lagarde has G8 backing; hits back at inquiry call
Sun, 29 May 2011 07:46 pm PDT
Reuters - G8 leaders all back French Finance Minister Christine Lagarde's bid to run the IMF, Foreign Minister Alain Juppe said on Sunday, as the candidate attacked a call to investigate her role in a 2008 legal case that may harm her chances. Full Story
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Ireland may need more EU/IMF cash: minister
Sun, 29 May 2011 07:15 am PDT
Reuters - Ireland may have to ask for another loan from the European Union and International Monetary Fund because it will struggle to return to debt markets to raise funds next year, a government minister said on Sunday. Full Story
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Australia warns on cyber attacks on resource firms
Sun, 29 May 2011 11:20 pm PDT
Reuters - Australia's government urged companies on Monday to tighten vigilance over cyber attacks launched offshore against some of the world's biggest resource firms and other businesses, warning high-tech threats were intensifying. Full Story
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EU, IMF to judge Greece as protests swell
Sun, 29 May 2011 06:33 pm PDT
Reuters - European Union and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin. Full Story
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FTSE climbs 0.98 percent at close
Fri, 27 May 2011 09:19 am PDT
AFP - Stocks markets closed higher on Friday, with London's FTSE 100 index of leading shares up 0.98 percent to 5,938.87 points. Full Story
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Dollar falls after poor economic data
Fri, 27 May 2011 03:00 pm PDT
AFP - The euro rose against the dollar on Friday after another set of weak US economic indicators but was held back by persistent concerns over a possible Greek debt default, dealers said. Full Story
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Earnings schedule for week of 5/30/11
Fri, 27 May 2011 12:20 pm PDT
AP - MONDAY, May 30 Full Story
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Greeks demonstrate against austerity measures
Sun, 29 May 2011 05:15 pm PDT
AP - About 30,000 people protested in Athens' central Syntagma square on Sunday evening against the government's tough economic austerity policies. Full Story
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This Government Meddling Could Save Your Retirement
Fri, 27 May 2011 11:53 am PDT
The Motley Fool - Nothing gets certain Fools exercised like the phrase "new government restrictions." So often, we hear that the busybodies in Washington or our state capitals are plotting some new set of limits and we get worried: Here comes more paperwork, more taxes, more annoyance, and less freedom to be left alone and live our lives in peace. And often, these worries are justified. Full Story
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France rocked by new sex harassment scandal
Sun, 29 May 2011 07:38 pm PDT
AFP - A minister has resigned from the government to fight allegations of sexual harassment, two weeks after ex-IMF chief Dominique Strauss-Kahn's sensational New York arrest on sex crime charges. Full Story
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Amazon Challenges Apple With New Mac App Store
Fri, 27 May 2011 02:25 pm PDT
NewsFactor - Even before a court decides whether Amazon.com can sell apps for Android devices and call it an app store, the biggest U.S. online retailer opened a second front this week by offering downloadable software for Apple's Macintosh computers. Full Story
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Gasoline prices erode spending, incomes
Fri, 27 May 2011 01:20 pm PDT
Reuters - The economy remained sluggish early in the second quarter as high gasoline prices crimped consumer spending and bad weather helped push pending home sales to a seven-month low in April. Full Story
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Oil hovers below $101 in light holiday trading
Sun, 29 May 2011 08:52 pm PDT
AP - Oil prices hovered below $101 a barrel Monday in Asia in light trading volume ahead of the U.S. Memorial Day holiday. Full Story
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Franklin County Public Agencies Agree to Share Resources and Funds
Sat, 28 May 2011 01:14 pm PDT
ContributorNetwork - In kindergarten, we learn the importance of sharing, playing well with others and inviting everyone in the class to a party. Life is not a kindergarten classroom, but in Ohio public agencies are recalling some of the important lessons learned during our primary years. Sharing of services and allowing increased flexibility in how departments utilize available funds is having a positive effect in Franklin County. Gov. John Kasich and Auditor of State Dave Yost have been promoting cost saving measures and using available tools to increase efficiency to benefit taxpayers. The message is getting through and at least one Ohio county is experiencing positive results. Full Story
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Japan to finance quake-hit car parts makers
Sun, 29 May 2011 08:17 pm PDT
AFP - Japan's government-owned bank is planning to set up a 50 billion yen ($617 million dollar) fund to support auto parts makers hit by the March 11 quake and tsunami, an official said Monday. Full Story
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Financing an MBA, With Help From Mom and Dad
Fri, 27 May 2011 05:08 am PDT
BusinessWeek - Daniel Wesley knew as soon as he started applying to business school that he wanted to avoid student loans. He'd already racked up about $45,000 in loans from his undergraduate days and didn't relish the idea of adding another $200,000 or so to that debt load, he says. When he found out he got into the Weekend MBA program at the University of Chicago's Booth School of Business (Booth Part-Time MBA Profile), he turned to his mother and father, a retired construction foreman, for help. ... Full Story
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