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Burkle to appeal Barnes & Noble poison pill ruling

Thu, 09/02/2010 - 15:22
NEW YORK (Reuters) - Billionaire investor Ron Burkle plans to appeal a Delaware court ruling that upheld an anti-takeover "poison pill" put in place by bookseller Barnes & Noble Inc .


"Quote stuffing" a focus in flash crash probe

Thu, 09/02/2010 - 14:23
WASHINGTON/NEW YORK (Reuters) - U.S. regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing", in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately.


Apple and Google to clash in music space by Christmas

Thu, 09/02/2010 - 14:16
NEW YORK (Reuters) - Google Inc is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play songs wherever they are as it steps up its rivalry with Apple Inc, according to people familiar with the matter.


Discounts, heat fuel August retail sales beat

Thu, 09/02/2010 - 12:04
CHICAGO (Reuters) - U.S. retailers posted sales that beat modest expectations in August as consumers sought out bargains during the key back-to-school selling season.


Boeing sees $700 billion airplane market in North America

Thu, 09/02/2010 - 11:53
CHICAGO (Reuters) - Boeing Co reiterated on Thursday that it expects North America airlines to take delivery of about 7,200 new planes over the next 20 years at a value of about $700 billion.


Mortgage rates hit record low: Freddie Mac

Thu, 09/02/2010 - 10:16
NEW YORK (Reuters) - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.


Communities key in foreclosure fight: Fed officials

Thu, 09/02/2010 - 09:47
NEW YORK (Reuters) - Two top U.S. Federal Reserve officials on Thursday called for a more community-focused approach to the country's ongoing foreclosure crisis, which is weighing on its economic recovery.


Pending home sales rise 5.2 percent in July

Thu, 09/02/2010 - 09:12
WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.


Lehman preps bank units for sale or shutdown

Thu, 09/02/2010 - 08:37
NEW YORK (Reuters) - Lehman Brothers Holdings Inc , the bankrupt U.S. investment bank, needs at least $550 million to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show.


ECB holds rates, extends liquidity lifeline

Thu, 09/02/2010 - 08:10
FRANKFURT (Reuters) - The European Central Bank held interest rates at a record low on Thursday and extended its liquidity safety-net in response to a lopsided recovery and worries about vulnerable banks.


Few Americans see manufacturing as a career: survey

Thu, 09/02/2010 - 07:02
NEW YORK (Reuters) - Fewer than a third of Americans would choose manufacturing if they were starting their careers now, according to a new survey that finds pessimism about the long-term direction of U.S. industry.


Time Warner Cable, Disney yet to reach deal

Thu, 09/02/2010 - 06:07
NEW YORK (Reuters) - Time Warner Cable and Walt Disney Co ensured millions of U.S. cable customers can still watch some of their favorite TV programs while the companies kept working on a new programing deal after a midnight deadline passed.


Oil steady near $74 as investors eye U.S. jobs reports

Thu, 09/02/2010 - 04:30
LONDON (Reuters) - Oil steadied near $74 a barrel on Thursday, weighed by record high inventories in top consumer the United States and investor caution ahead of U.S. employment reports.


Costco August same-store sales up 7 percent

Thu, 09/02/2010 - 02:54
BANGALORE (Reuters) - Costco Wholesale Corp , the largest U.S. warehouse club operator, reported a 7 percent rise in August sales at stores open at least a year, aided by surge in gasoline prices and foreign currency gains.


Asia stocks gain as U.S. data soothes fears

Thu, 09/02/2010 - 02:08
TOKYO (Reuters) - Asian stocks hit a two-week high, with Japan's Nikkei briefly rising more than 2 percent, as strong U.S. manufacturing data further soothed worries about the global economy.


Consumer bankruptcies fell 8 percent in August

Thu, 09/02/2010 - 00:11
BANGALORE (Reuters) - Bankruptcies filings by consumers fell 8 percent in August but still remained on track to top 1.6 million filings in 2010, according to a report by the American Bankruptcy Institute (ABI).


SEC probes cancelled trades in flash crash: report

Wed, 09/01/2010 - 23:46
(Reuters) - U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second, only to be canceled almost immediately, the Wall Street Journal reported on Thursday.


A&P mulling sale of Food Emporium chain: report

Wed, 09/01/2010 - 22:10
NEW YORK (Reuters) - Great Atlantic & Pacific Tea Co , which operates the struggling A&P supermarket chain, is mulling the sale of its Food Emporium stores to boost liquidity, the Wall Street Journal reported, citing people familiar with the matter.


Sinochem hires HSBC regarding Potash options: report

Wed, 09/01/2010 - 21:46
NEW YORK (Reuters) - China's Sinochem has hired HSBC bank to advise it on its options regarding Potash Corp , the target of a $38.6 billion hostile bid from BHP Billiton, the Wall Street Journal reported on its blog on Wednesday, citing a person familiar with the situation.


GM roadshow to begin after elections: sources

Wed, 09/01/2010 - 21:16
NEW YORK (Reuters) - Automaker General Motors Co plans to begin courting investors for its initial public offering immediately after the November 2 U.S. midterm congressional elections, two sources familiar with the plans said on Wednesday.