Daily Business News
Saturday, September 30, 2006
  Corporate Spying Via Dumpster Diving
From infiltration to video surveillance to public records searches CBS News correspondent Randall Pinkston explains that companies are using a variety of methods legal and not to dig up intelligence on competitors.
 
  Sony's Battery Headaches Grow - Forbes


KCCI.com
Sony's Battery Headaches Grow
Forbes - Sep 29 2006
By YURI KAGEYAMA 09.29.2006 06:07 PM. Sony urged a dozen laptop computer makers Friday to recall more of its batteries that could overheat the latest headache for the electronics company struggling to regain ...
Toshiba Fujitsu Recall Sony Batteries Houston Chronicle
Lenovo joins the great laptop-battery recall Silicon.com
Financial Times - eSchool News - Channel Insider - NEWS.com.au
all 1449 news articles
 
  EU-US airline data talks collapse
Talks on sharing airline passenger data between the US and EU states have broken down the EU says.
 
  No U.S.-EU Deal On Air Passenger Data
The U.S. and the EU failed to reach a new deal on sharing air passenger data by Saturday's deadline putting airlines at risk of huge fines or the loss of landing rights if they do not hand over data to U.S. authorities the EU executive said.
 
  More Sony Battery Recalls - BusinessWeek


WRAL.com
More Sony Battery Recalls
BusinessWeek - 23 hours ago
Four more computer makers issued recalls of laptop batteries on Sept. 29. Sony's costs—and embarrassment—continue to climb.
Battery recall is blow to Lenovo News & Observer
Toshiba Dell swell numbers of Sony battery recall CBC News
Monsters and Critics.com - Guardian Unlimited - Financial Times - Mainichi Daily News
all 1403 news articles
 
  Schwarzenegger signs telephone privacy bill (Reuters)

A telephone is seen in a file photo. California Gov. Arnold Schwarzenegger signed a law on Friday making it a crime to buy telephone records or obtain them through deceit an issue that has become important amid a furor over Hewlett-Packard Co.'s attempts to track down boardroom leaks to the press. (Catherine Benson/Reuters)Reuters - California Gov. Arnold Schwarzenegger signed a law on Friday making it a crime to buy telephone records or obtain them through deceit an issue that has become important amid a furor over Hewlett-Packard Co.'s attempts to track down boardroom leaks to the press.


 
  Sony finds reputation in danger - The Daily Yomiuri


NBC5i.com
Sony finds reputation in danger
The Daily Yomiuri - 27 minutes ago
Sony Corp.'s concerns that its defective lithium-ion batteries could severely tarnish its corporate image prompted the electronics maker to announce Thursday it would recall all similar batteries for notebook computers.
Lenovo joins battery recall party VNUNet.com
Toshiba Fujitsu Recall Sony Batteries Houston Chronicle
CBC News - Forbes - Reuters - PC World
all 1401 news articles
 
  New Rules Encourage Investing in 401(k) Retirement Plans
The Labor Department is introducing new rules that encourage more enrollment in 401k plans.
 
  Toshiba Fujitsu Recall Sony Batteries - Houston Chronicle


INDYchannel.com
Toshiba Fujitsu Recall Sony Batteries
Houston Chronicle - Sep 29 2006
By YURI KAGEYAMA AP Business Writer. © 2006 AP. TOKYO - The Japanese electronics makers Toshiba and Fujitsu are recalling batteries made by Sony for their laptop computers while personal computer maker Dell ...
Sony Silent on Notebooks Using Batteries That May Catch Fire Bloomberg
Sony's Battery Headaches Grow Forbes
Channel Insider - Scotsman - CBC News - BBC News
all 1390 news articles
 
  Amaranth to liquidate remaining positions (Reuters)

A logo of Citigroup is shown surrounded by the reflection of financial buildings in Hong Kong January 19 2006. Citigroup Inc. has all but ended talks to purchase assets or a stake in stricken hedge fund manager Amaranth Advisors LLC a person familiar with the situation said on Friday making the chances more remote that the fund will survive. (Paul Yeung/Reuters)Reuters - Amaranth Advisors LLC the hedge fund manager which lost billions of dollars in energy trades will suspend redemptions and liquidate its remaining positions the company said in a letter made available to Reuters on Friday.


 
Friday, September 29, 2006
  VW workers agree to work longer
Volkswagen strikes a deal with unions to extend the working week at six German plants without any increase in pay.
 
  Wal-Mart flexes political muscle

Chicago Alderman Emma Mitts speaks during the grand opening of Chicago's first Wal-Mart on the city's West Side Wednesday morning Sept. 27 2006. The opening followed a four-year journey that pitted unions and small business owners against politicians and activists eager to bring jobs to the city. It came two weeks after aldermen failed to override Chicago Mayor Richard Daley's veto of the city's so-called Wal-Mart has been steadily boosting its contributions to state and local politicians just as such politicians have been taking on bigger roles in deciding key issues concerning the company's operations.


 
  Dow Retreats From Record Territory; Street Closes Strong 3Q
Wall Street opened with a roar pushing the Dow close to an all-time record high but the bulls later retreated and the markets closed down on Friday.
 
  Research in Motion shares jump 20%
Research in Motion shares soared Friday after the company reported better than expected Q2 earnings and profits and forecast an even better Q3.
 
  Sony's Battery Headaches Grow - Forbes


NBC6.net
Sony's Battery Headaches Grow
Forbes - 1 hour ago
By YURI KAGEYAMA 09.29.2006 06:07 PM. Sony urged a dozen laptop computer makers Friday to recall more of its batteries that could overheat the latest headache for the electronics company struggling to regain ...
Toshiba Fujitsu Recall Sony Batteries Houston Chronicle
More Sony Batteries Are Recalled Channel Insider
TG Daily - WRAL.com - Laptop Logic - Legit Reviews
all 1329 news articles
 
  Sony battery woes deepen on more PC maker recalls (Reuters)

A recalled notebook battery made by Sony Corp. is displayed in an undated file photo. Sony Corp.'s battery problems deepened on Friday after Toshiba Corp. joined the list of PC makers recalling its batteries including Dell Inc. Apple Computer Inc. and Lenovo. (U.S. Consumer Product Safety Commission/Handout/Reuters)Reuters - Toshiba Corp. and Fujitsu Ltd. joined a growing list of computer makers recalling Sony Corp. batteries in the latest blow to consumer confidence in Sony's reputation as a manufacturer.


 
  Risky Mortgages Come Home To Roost
A great shift toward adjustable rate mortgages helped push America's housing boom into high gear. Now as the boom unwinds the riskier side of those mortgages is coming home to roost and foreclosures are rising.
 
  Stocks struggle amid gloomy economic news

Sept. 28: As the Dow heads toward a record high analysts debate whether it's really a significant event. Stocks were little changed Friday a day after the Dow Jones industrial average briefly bested its all-time high close of 11722.98.


 
  Stocks Flat As Economic Data Cools Rate Hike Fears
Stocks were little changed Friday as new data suggested the Fed will probably stay the 'pause' course and might even start to reduce interest rates.
 
  Research in Motion shares surge on rosy results forecast
Research in Motion shares soared Friday after the company reported better than expected Q2 earnings and profits and forecast an even better Q3.
 
  Toshiba Dell swell numbers of Sony battery recall - CBC News


KFOXtv.com
Toshiba Dell swell numbers of Sony battery recall
CBC News - 4 hours ago
Toshiba Corp. is recalling 830000 Sony-manufactured batteries for its notebook computers and Dell Inc. boosted its own global recall to 4.2 million.
Battery recall is blow to Lenovo News & Observer
Battery recall spreads like wild er fire Register
Guardian Unlimited - The Journal News.com - BusinessWeek - Business Standard
all 1227 news articles
 
  DaimlerChrysler Chery close to car deal: sources (Reuters)

Workers assemble a Chery car at the production line of Chery Automobile in east China's Anhui province August 8 2006. DaimlerChrysler is in detailed discussions with Chery to make cars for sale in the United States and other markets and could finalize the deal soon sources said on Friday. (Jianan Yu/Reuters)Reuters - Auto giant DaimlerChrysler AG (DCXGn.DE) is in detailed discussions with China's Chery Automobile to make cars for sale in the United States and other markets and could finalize the deal soon sources said on Friday.


 
  BA pension deficit to hit �2.1bn
British Airways warns that its pension deficit is set to double to £2.1bn - despite a recovery in the stock market.
 
  Inviting Efficient Home Offices
The Early Show's resident stylist Colin Cowie shows how to set up shop at home. It's not even all that involved!
 
  Battered consumers cut spending
Battered consumers faced with weak income growth and rising inflation trimmed their spending in August by the largest amount in nearly a year.
 
  Sony announces worldwide recall of notebook computer batteries - Mainichi Daily News


WFtv.com
Sony announces worldwide recall of notebook computer batteries
Mainichi Daily News - 8 hours ago
WASHINGTON -- Sony Corp. on Thursday announced a worldwide recall and free replacement of Sony-made batteries in laptop computers after several incidences of them catching fire.
Toshiba recall over batteries could affect 830000 PCs globally ... MarketWatch
Should Laptops Come With a Fire Extinguisher? PC World
Inquirer - IRISHDEV.com - Truthdig - Hard OCP
all 947 news articles
 
  Economy sees slim growth in July
The Canadian economy grew by 0.2 per cent in July after a flat reading in June Statistics Canada said Friday.
 
  Age law 'threat to minimum wage'
The minimum wage system could be imperilled by a law banning age discrimination a business group warns.
 
  Stocks to Watch Sept. 29: Tribune Ford and RIM
Among the companies whose shares are expected to see active trade in Friday's session are Tribune Co. Ford Motor Co. and Research In Motion Ltd.
 
  Sony shares fall 1 pct on global battery recall - Reuters


WISC
Sony shares fall 1 pct on global battery recall
Reuters - 4 hours ago
TOKYO Sept 29 (Reuters) - Shares of Sony Corp. (6758.T: Quote Profile Research) fell about 1 percent on Friday after it launched a global replacement programme for batteries in the wake of yet another recall ...
Battery recall is blow to Lenovo News & Observer
Sony recall could prompt industry retribution analysts say MarketWatch
InformationWeek - Business Standard - National Business Review - VNUNet.com
all 650 news articles
 
Thursday, September 28, 2006
  Ford Motor Credit to cut 2000 jobs (Reuters)

A Ford Motor Company dealership in a north Denver Colorado suburb is seen April 20 2005. Ford Motor Credit the financial arm of Ford Motor Co. said on Thursday it would cut 2000 jobs -- almost a quarter of its staff in North America -- and close branch offices in order to cut costs. (Rick Wilking/Reuters)Reuters - Ford Motor Credit the financial arm of Ford Motor Co. on Thursday said it would cut 2000 jobs -- almost a quarter of its staff in North America -- and close 59 U.S. branch offices over the next year in order to cut costs.


 
  Dow Closes Higher But Misses Record
The Dow average reached a milestone in Wall Street's recovery from nearly seven years of corporate upheaval economic recession and the impact of terrorism briefly trading above its record high close of 11722.98 set in 2000.
 
  Research in Motion shares surge on rosy results forecast
Research in Motion shares soared in after-hours trading Thursday as it reported better than expected Q2 earnings and profits and forecast an even better Q3.
 
  HP Chairs Agree Company Behaved Horribly - ABC News


Earthtimes.org
HP Chairs Agree Company Behaved Horribly
ABC News - 1 hour ago
Hewlett-Packard CEO Mark Hurd leaves after after testifying before the House Energy and Commerce Oversight and Investigations subcommittee hearing on Hewlett-Packard's pretexting scandal on Capitol Hill Thursday Sept.
Lawmakers grill HP executives in pretexting hearing Macworld
HP CEO Hurd begins testimony; Dunn says she was told methods were ... USA Today
New York Times - MarketWatch - Free Internet Press - CNET News.com
all 1033 news articles
 
  Former HP execs refuse to answer questions on Capitol Hill
Two former executives at Hewlett-Packard Co. refused to testify on Thursday as U.S. lawmakers opened a hearing into a spying probe at the computer company.
 
  Dow Jones Industrial Average Cracks All-Time Closing High
The Dow Jones industrial average briefly cracked its all-time closing high on Thursday before retreating.
 
  Dow briefly moves above milestone
The Dow Jones industrial average reached a milestone Thursday briefly trading above its record high close of 11722.98 set back on Jan. 14 2000 as Wall Street’s recovery from nearly seven years of corporate upheaval economic recession and the impact of terrorism continued.
 
  Dow Drops After Passing Milestone
Stock prices are little changed on Wall Street. For a brief time the Dow industrials traded above their record high close of 11722.98 set back in January 2000 but fell back.
 
  Lenovo IBM to recall 526000 notebooks worldwide - Reuters


Calgary Sun
Lenovo IBM to recall 526000 notebooks worldwide
Reuters - 1 hour ago
Steven P. Jobs is one of the Apple Computer Inc's co-founders and currently serves as Apple Computer Inc Chief Executive Officer.
Lenovo Announces Recall Wall Street Journal (subscription)
Lenovo IBM to recall 526000 notebooks worldwide Washington Post
CNET News.com - Reuters.uk - CNNMoney.com - CBC Toronto
all 202 news articles
 
  Dow trades above record closing high (Reuters)

Traders work the floor of the New York Stock Exchange August 1 2006. (Chip East/Reuters)Reuters - The Dow Jones industrial average on Thursday briefly traded above its all-time closing high for the first time in 6-1/2 years extending a recent rally on a bullish view about corporate profits.


 
  Stocks to Watch Sept. 28: HP Nabi and Accenture
Among the companies whose shares are expected to see active trade in Thursday's session are Hewlett-Packard Co. Nabi Biopharmaceuticals and Accenture Ltd.
 
  Honda creates 700 jobs at Swindon
Japanese car giant Honda creates an extra 700 jobs at its Swindon plant taking the workforce to 4900.
 
  Tim Hortons to join SP/TSX 60 index; Abitibi drops out
Tim Hortons will be added to the SP/TSX composite index and the more exclusive SP/TSX 60 index on Friday as it joins the ranks of the biggest companies listed on the TSX.
 
  Treasurys down; lower GDP fails to stir demand - MarketWatch

Treasurys down; lower GDP fails to stir demand
MarketWatch - 39 minutes ago
NEW YORK (MarketWatch) - Treasurys were lower early Thursday pushing yields up a bit as investors positioned for an afternoon auction of $14 billion in new five-year notes.
Economic growth revised lower to 2.6% pace in Q2 USA Today
Second-quarter GDP profits growth soften Washington Post
RTE.ie - Industry Week - Edmonton Journal (subscription)
all 107 news articles
 
  MySpace may be worth $15 billion (Reuters)

A screen grab of MySpace.com. MySpace the social networking Web site could be worth around $15 billion (8 billion pounds) within three years measured in terms of the value created for shareholders of parent company News Corp. a Wall Street media analyst forecast on Wednesday. (www.myspace.com/Reuters)Reuters - MySpace the social networking Web site could be worth around $15 billion within three years measured in terms of the value created for shareholders of parent company News Corp. (NWSa.N) a Wall Street media analyst forecast on Wednesday.


 
  UK house prices see 'strong' rise
House prices grew by 1.3% in September the Nationwide says lifting the annual growth rate to 8.2%.
 
  7-Eleven Drops Citgo From Stores
7-Eleven Inc. is dropping Venezuelan-backed Citgo as its gasoline supplier. The move is part of a previously announced plan by the company to launch its own brand of fuel but officials say it was partly motivated by politics.
 
  Wall Street advances for a third session
Wall Street advanced for the third straight session Wednesday although the Dow Jones industrial average fell just short of touching its record high close after a jump in oil prices stifled investors’ enthusiasm.
 
  Risk-Takers Love 'Em & Lose 'Em
The late Crocodile Hunter and Brian Hunter the lone trader who caused a hedge fund to suffer a $6B loss should remind us that while big risks can lead to bigger rewards they can also lead to catastrophic losses.
 
  Royal & Sun selling US operation - Reuters.uk


Scotsman
Royal & Sun selling US operation
Reuters.uk - 51 minutes ago
Royal & Sun Alliance said on Thursday it was selling its US arm to Arrowpoint Capital providing the company with a long-awaited exit from its US unit.
Royal & Sun Alliance sells troubled US operation UPDATE Life Style Extra
Royal & Sun takes £443m hit on US exit Times Online
BBC News - Reuters - Bloomberg - Ireland Online
all 28 news articles
 
Wednesday, September 27, 2006
  Street Continues Rally Dow Near All-Time Closing High
The Dow Jones industrial average closed near its all-time closing high on Wednesday.
 
  Dollar breaks through 90 cents US
Rising commodity prices helped the Canadian dollar break through the 90-cent US level on Wednesday.
 
  GM to seek billions from Renault Nissan: report - Xinhua


Seattle Post Intelligencer
GM to seek billions from Renault Nissan: report
Xinhua - 9 hours ago
General Motors Corp. is prepared to seek a multibillion-dollar payment from Nissan Motor Co. and Renault SA to compensate for a three-way alliance The Wall Street Journal reported on Wednesday.
Renault's Ghosn says GM Wagoner talks went well MarketWatch
UPDATE 5-Renault-Nissan GM CEOs meet confirm Oct deadline Reuters
Wall Street Journal (subscription) - WLNS - AutoWeek - Bizjournals.com
all 718 news articles
 
  7-Eleven to End Relationship with Venezuela-Backed Citgo
7-Eleven which partners with Venezuela-backed Citgo as gasoline supplier at more than 2000 thousand locations said Wednesday that it will end its relationship with the company.
 
  Renault-Nissan and GM CEOs meet (Reuters)

Carlos Ghosn head of Nissan Motor Co. and Renault SA speaks during a news conference at the Nissan headquarters in Tokyo July 21 2006. The heads of French car maker Renault and U.S. auto giant General Motors Corp. will meet in Paris on Wednesday amid a report talks on a mooted alliance could be in trouble. (Toshiyuki Aizawa/Reuters)Reuters - General Motors Corp. will continue talks until mid-October with Renault-Nissan aimed at creating a global alliance both sides said on Wednesday after their chief executives met.


 
  Dow Flirts With Record-High Close
Stocks rose and the Dow Jones industrial average neared its record high close as investors shrugged off a lackluster durable goods report and appeared satisfied with an increase in sales of new homes.
 
  Tim Hortons to join SP/TSX 60 index; Abitibi drops out
Tim Hortons will be added to the SP/TSX composite index and the more exclusive SP/TSX 60 index on Friday as it joins the ranks of the biggest companies listed on the TSX.
 
  Dow trading near all-time record high
Stocks were narrowly mixed Wednesday with the Dow Jones industrial average trading near its record high close as investors shrugged off a lackluster durable goods report and appeared satisfied with an increase in new home sales.
 
  New Airport Regulations: A Costly Convenience - ABC News

New Airport Regulations: A Costly Convenience
ABC News - Sep 25 2006
For the past six weeks airport retailers have been finding creative ways to sell and promote their liquid and gel products which were banned from carry-on luggage.
Will you be a trusted traveler? USA Today
RP security officials to review ban on liquids on planes INQ7.net
WTVF - Beaver County Times - Aero-News Network - Charlotte Observer
all 75 news articles
 
  GM Renault-Nissan talks to continue until mid-Oct (Reuters)
Reuters - General Motors Corp. will continue talks until mid-October with Renault-Nissan to create a global alliance GM said in a statement issued after a Wednesday meeting between the CEOs of the automakers in Paris.
 
  Uganda slips by 10 places in global competitiveness - People's Daily Online


Earthtimes.org
Uganda slips by 10 places in global competitiveness
People's Daily Online - 4 hours ago
Uganda has slipped by 10 places to the 113th position in business competitiveness according to the 2006-2007 Global Competitiveness Report quoted by Daily Monitor on Wednesday.
Korea’s Competitiveness Falls by 5 Notches Korea Times
US slides down competition league Independent
Los Angeles Times - Bangkok Post - Gulf Times - Toronto Star
all 243 news articles
 
  William Hill halts US gaming bets
UK bookmaker William Hill says it has stopped taking casino and poker bets online from US customers.
 
  Orders for big-ticket goods drop again
Orders to U.S. factories for big-ticket manufactured goods fell for a second consecutive month in August marking the first back-to-back declines in more than two years.
 
  Gildan Activewear cutting 546 jobs in Canada U.S.
Clothing maker Gildan Activewear Inc. said Wednesday it is cutting 546 jobs in Canada and the United States as it closes and downsizes some manufacturing plants to shift work to Central America and the Caribbean.
 
  UK debt 'double Europe average'
People in the UK are borrowing almost twice that of citizens in other western European countries a report says.
 
  Ex-Enron CFO Fastow Gets 6 Years
Former Enron CFO Andrew Fastow had agreed to serve 10 years when he pled guilty in 2004 but his lawyers asked for a more lenient sentence because he admitted his guilt and helped in the prosecution of other Enron figures.
 
  EU’s ‘Nordic three’ beat US in competitiveness challenge - EurActiv.com


The Money Times
EU’s ‘Nordic three’ beat US in competitiveness challenge
EurActiv.com - 1 hour ago
With six member states in the top-ten rankings of a study on global competitiveness the EU gives notice that its policies are starting to pay off.
Canada's slipping on the world stage WEF study shows Globe and Mail
Thailand slips two spots in WEF poll Bangkok Post
Business Day - Guardian Unlimited - Houston Chronicle - This Day (subscription)
all 223 news articles
 
Tuesday, September 26, 2006
  Enron's Fastow gets six-year term
Former Enron executive Andrew Fastow is sentenced to six years in prison for his role in the fraud at the firm.
 
  Corporate criminals Ebbers Fastow pay stiff price (Reuters)

Former Enron Corp. chief financial officer Andrew Fastow arrives at Federal court in Houston for sentencing September 26 2006. Fastow was sentenced to six years in prison in Houston by U.S. District Judge Ken Hoyt -- four years less than provided for in his 2004 plea agreement. (Richard Carson/Reuters)Reuters - Two men at the heart of corporate greed scandals in America paid the price on Tuesday as a judge sentenced former Enron Corp. executive Andrew Fastow to prison and Bernard Ebbers once the chief executive of highflying WorldCom Inc. began serving a 25-year sentence.


 
  Dow finishes at second-highest close ever
Wall Street surged Tuesday carrying the Dow Jones industrial average to its second-best close ever as positive economic data further buoyed a growing sense of optimism among investors.
 
  'Ashamed' Fastow Gets 6 Years
Former Enron CFO Andrew Fastow had agreed to serve 10 years when he pled guilty in 2004 but his lawyers asked for a more lenient sentence because he admitted his guilt and helped in the prosecution of other Enron figures.
 
  Ex-Enron executive Fastow gets 6-year sentence
A Houston judge showed leniency on Tuesday in sentencing Enron's former chief financial officer to six years in prison.
 
  Judge gives Enron boss 6 years - MSN Money


Washington Post
Judge gives Enron boss 6 years
MSN Money - 3 hours ago
Andrew Fastow Enron's former chief financial officer was sentenced on Tuesday to six years in prison for engineering the fraud that forced the world's energy trader into bankruptcy and a tightening of controls over corporate America.
Fastow gets six years Washington Post
Key figure in Enron disaster gets 6 years Detroit Free Press
Lincoln Journal Star - Wall Street Journal (subscription) - Belfast Telegraph - Financial Times
all 638 news articles
 
  Stocks higher after consumer data
Stocks edged higher Tuesday as investors chewed on further evidence of weakness in the housing sector and improved consumer confidence figures.
 
  US loses top competitiveness spot
The US is no longer the world's most competitive economy according to the World Economic Forum.
 
  Ex-Enron CFO to Be Sentenced Tuesday
More than 2 1/2 years after pleading guilty for his participation in Enron Corp.'s collapse financial whiz Andrew Fastow's fate was to be revealed Tuesday.
 
  Conrad Black wants to be Canadian again
Conrad Black the former media baron who famously renounced his Canadian citizenship to become a British lord is working to regain his citizenship.
 
  US consumer confidence rebounds from recent lows - Channel News Asia


E Canada Now
US consumer confidence rebounds from recent lows
Channel News Asia - 22 minutes ago
WASHINGTON : US consumers see a brighter economic picture ahead shaking off some of the gloom of recent months linked to soaring energy costs a survey showed on Tuesday.
US Sept consumer confidence rises to 104.5 vs 100.2 Aug MarketWatch
Consumer confidence jumps in September: survey Washington Post
ABC News - E Canada Now - Terre Haute Tribune Star
all 117 news articles
 
  Enron's Fastow Faces Fate
Former employees and investors in the failed energy investment company will be given an opportunity to give Andrew Fastow an earful but not many are expected to do so. The ex-Enron CFO is expected to get 10 years in jail as agreed in his plea deal.
 
  Existing Home Sales Fall Again
It's the fifth consecutive decline for existing homes pushing prices 1.7 percent below August 2005. The inventory of unsold homes rose 1.5 percent to an all-time high of 3.92 million units and realtors expect prices to keep falling.
 
  Fastow to be sentenced (Reuters)

Former Enron chief financial officer Andrew Fastow (R) leaves federal court in Houston under police escort after testifying against his former bosses Ken Lay and Jeff Skilling March 9 2006. Fastow faces a federal judge on Tuesday to find out how long he will spend in prison. (Richard Carson/Reuters)Reuters - Former Enron Corp. chief financial officer Andrew Fastow whose off-the-books deals led to the high-flying energy giant's destruction faces a federal judge on Tuesday to find out how long he will spend in prison.


 
  Enron's Fastow awaits sentencing
Former Enron executive Andrew Fastow who pleaded guilty to fraud will be sentenced on Tuesday.
 
  Home Prices Drop for First Time in Over 10 Years
The prices of existing homes dropped for the first time in over 10 years in August as sales drop again.
 
  Tories find small cuts to reduce spending by $1B
The federal government is cutting research into medical uses of marijuana to save $4 million as part of $1 billion in savings it expects to make over the next two years.
 
  Stocks boosted by economic optimism
Stocks rose smartly Monday after Dallas Federal Reserve President Richard Fisher suggested inflation would be dampened by a slowing economy and said that while the housing and auto sectors are economic weak points the rest of the U.S. economy is doing “extremely well.”
 
Monday, September 25, 2006
  Inco embraces CVRD bid; offer extended to Oct. 16
Brazilian mining company CVRD has extended its offer for Inco to Oct. 16 as it seems poised to win the long takeover battle for the Canadian mining giant.
 
  "Light" cigarette suit certified as class action - Reuters


KNX1070
"Light" cigarette suit certified as class action
Reuters - 2 hours ago
A US federal judge gave class-action status on Monday to a lawsuit filed by "light" cigarette smokers who accuse tobacco companies of fraud and are seeking a verdict of as much as $200 billion.
'Light' cigarette lawsuit is certified as a class action USA Today
Tobacco firms face $200bn lawsuit Times Online
Forbes - MarketWatch - CNNMoney.com - BBC News
all 377 news articles
 
  Oil prices fall below $60 US
The price of oil slipped below $60 US per barrel as world political tensions and supply concerns continue to ease.
 
  Stocks struggle amid housing worries
Stocks were little changed Monday after the price of homes showed its first year-to-year median decline in more than a decade.
 
  Eldercare reformer among Heinz winners - Seattle Post Intelligencer


Environment News Service
Eldercare reformer among Heinz winners
Seattle Post Intelligencer - 11 hours ago
When former emergency room doctor Bill Thomas took a part-time job at a nursing home he didn't know he was taking the first step toward creating an international nonprofit organization that could revolutionize eldercare.
Heinz Awards honor 6 for giving back Chicago Tribune
Photographer Nachtwey Four Others Win $250000 Heinz Awards Bloomberg
Pittsburgh Business Times - Environment News Service - Syracuse Post Standard - Minneapolis Star Tribune (subscription)
all 84 news articles
 
  Stocks Steady on Oil Prices Housing Data
Stocks were little changed on Monday as oil prices fell but housing data showed continuing weakness.
 
  Oil Falls Below $60 on Iran Talks BP Plan to Restart Prudhoe - Bloomberg


Washington Post
Oil Falls Below $60 on Iran Talks BP Plan to Restart Prudhoe
Bloomberg - 24 minutes ago
Crude oil fell below $60 a barrel to a six-month low after Iran said it favors talks on the country's nuclear program and BP Plc said the company may restore most of ...
Oil falls below $60 a barrel Financial Times
Oil down eyes $60 low Washington Post
Finance24 - Akron Beacon Journal - Reuters
all 309 news articles
 
  Report: Nissan GM to hold talks
Carlos Ghosn the head of Nissan Motor Co. and General Motors Corp. CEO Richard Wagoner plan to hold talks this week in Paris Kyodo News agency said Monday citing unidentified sources close to negotiations.
 
  Lenovo investigates Sony battery-run laptop fire (Reuters)

A Chinese security guard walks under a huge company logo of the Lenovo headquarter in China's financial center Shanghai in this August 10 2005 file photo. Lenovo Group Ltd. the world's third-largest personal computer maker said on Monday it is looking into a fire incident on a Lenovo laptop PC equipped with a Sony Corp. battery. (Aly Song/Reuters)Reuters - Lenovo Group Ltd. (0992.HK) the world's third-largest personal computer maker said on Monday it is looking into a fire incident on a Lenovo laptop PC equipped with a Sony Corp. (6758.T) battery.


 
  'Millions unaware' of ageism laws
Millions of workers are unaware of new laws against ageism coming in on 1 October a survey suggests.
 
  UCB to Buy Germany's Schwarz Pharma for EU4.4 Billion (Update3) - Bloomberg


Earthtimes.org
UCB to Buy Germany's Schwarz Pharma for EU4.4 Billion (Update3)
Bloomberg - 37 minutes ago
UCB SA the Belgian maker of the allergy drug Zyrtec agreed to buy Germany's Schwarz Pharma AG for 4.4 billion euros ($5.6 billion) in cash and stock to gain medicines ...
Brussels shares AFX at a glance outlook Forbes
UCB to buy Schwarz Pharma for $5.6 billion MarketWatch
International Herald Tribune - MSN Money - Bloomberg - MSN Money
all 33 news articles
 
Sunday, September 24, 2006
  Trujillo rejects Govt's Telstra board nomination - ABC Regional Online


Sydney Morning Herald
Trujillo rejects Govt's Telstra board nomination
ABC Regional Online - 27 minutes ago
Telstra's chief executive Sol Trujillo says the board cannot support the Federal Government's nominee for a directors position because investigations are yet to establish his integrity and independence.
Trujillo rejects Howard appointee The Australian
New appointment 'good' for Telstra: Minchin NEWS.com.au
Crikey - Sydney Morning Herald
all 69 news articles
 
  "Jihad" car commercial upsets US Muslims - Reuters


E Canada Now
"Jihad" car commercial upsets US Muslims
Reuters - 7 hours ago
Mr. Takashi Nishioka has been serving as Chairman of the Board and Representative Director of Mitsubishi Motors Corporation since January 2005.
Radio ad draws fire for Muslim references Cleveland Plain Dealer
Call to pull 'Fatwa Friday' ad The Australian
ShortNews.com - E Canada Now - Blogger News Network - United Press International
all 184 news articles
 
  Dealer stands by jihad ad - Calgary Sun


E Canada Now
Dealer stands by jihad ad
Calgary Sun - 17 hours ago
A car dealership's tongue-in-cheek radio advertisement declaring "a jihad on the auto market" will not be changed the company said.
“Jihad” Car Commercial To Air On Columbus Radio Stations E Canada Now
“Launching a Jihad on the Automotive Market” Blogger News Network
United Press International - All Headline News - International Herald Tribune - Columbus Dispatch
all 183 news articles
 
  HP's new challenge: Repair the damage - International Herald Tribune


Canada.com
HP's new challenge: Repair the damage
International Herald Tribune - 6 hours ago
PALO ALTO California Mark Hurd sat at the head of the table in the Hewlett-Packard boardroom the room from which the leaks had emanated and the starting point of a misguided and ultimately embarrassing attempt to plug them.
HP CEO Hurd under spotlight after Dunn departure iTWire
HP chairwoman ousted over snooping scandal The Age
New Zealand Herald - BusinessWeek - InformationWeek - CNET News.com
all 873 news articles
 
  Slowdown fears cloud stocks' horizon (Reuters)

Robert Fico(L) Prime Minister of Slovakia speaks with NYSE Group CEO John Thain prior to ringing the opening bell of the New York Stock Exchange in New York September 22 2006. (Keith Bedford - /Reuters)Reuters - Wall Street may be on the defensive this week if reports on housing and growth suggest the United States economy is headed for an acute slowdown.


 
  Gas Prices Fall Another 24 Cents
U.S. retail gas prices dropped nearly 24 cents a gallon in the past two weeks the third consecutive decline since a mid-August peak according to a survey Sunday.
 
  U.S. gas prices down nearly 24 cents
U.S. retail gas prices dropped nearly 24 cents a gallon in the past two weeks the third consecutive decline since a mid-August peak according to a survey Sunday.
 
  Two heads better for corporate governance - Chicago Tribune


Canada.com
Two heads better for corporate governance
Chicago Tribune - 13 hours ago
It matters little what leads to this rite of passage because he or she will always accept it. Mark Hurd CEO of Hewlett-Packard Co.
HP chairwoman ousted over snooping scandal The Age
HP stock ends higher after chairwoman resigns MarketWatch
ABC News - Bloomberg - San Jose Mercury News - Toronto Star
all 873 news articles
 
  Renault boss still eyes N.American partner: paper (Reuters)
Reuters - Carlos Ghosn chief executive of Renault and Nissan (7201.T) said he was still eyeing an alliance with a North American partner according to a newspaper interview released on Sunday.
 
  Ratner 'to bid �350m for Signet'
Gerald Ratner is set to table an improved bid of £350m for the UK operations of jewellery company Signet.
 
  Stocks to Watch Sept. 25: HP Walgreen
Among the companies whose shares are expected to see active trade in Monday's session are Hewlett-Packard Co. Walgreen Co. and Microsemi Corp.
 
  HP's new challenge: Repair the damage - International Herald Tribune


Canada.com
HP's new challenge: Repair the damage
International Herald Tribune - 3 hours ago
PALO ALTO California Mark Hurd sat at the head of the table in the Hewlett-Packard boardroom the room from which the leaks had emanated and the starting point of a misguided and ultimately embarrassing attempt to plug them.
HP chairman to leave immediately BBC News
HP CEO Hurd under spotlight after Dunn departure iTWire
Hindu - New Zealand Herald - BusinessWeek - Washington Post
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