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Updated: 3 hours 27 min ago

KNOC Sticks to Dana Offer

Thu, 09/09/2010 - 20:07
Korea National Oil Corp. said it won't raise its $2.89 billion bid for Dana Petroleum, a day after Dana released a lengthy document saying the offer undervalued the company.
Categories: NEWS: U.S. and International

Airgas Holders Urged to Back Slate

Thu, 09/09/2010 - 20:06
An influential proxy advisory firm recommended that Airgas shareholders vote for a slate of three board of director candidates put forth by Air Products as part of its $5.48 billion hostile bid for Airgas.
Categories: NEWS: U.S. and International

30-Year Mortgage Rate Rises

Thu, 09/09/2010 - 19:25
The rate on a 30-year fixed-rate mortgage averaged 4.35% for the week ended Sept. 9, the first rise since June. It was 4.32% last week.
Categories: NEWS: U.S. and International

Traders Chase Corinthian Rumor

Thu, 09/09/2010 - 19:13
Speculative traders took to the options market to bet on corporate takeovers, continuing a trend that has mushroomed since the bidding war for data-storage company 3PAR.
Categories: NEWS: U.S. and International

Steelworkers Blast China on Subsidies

Thu, 09/09/2010 - 19:06
The United Steelworkers filed a complaint with U.S. trade officials charging that China is unfairly subsidizing its clean-energy technology sector, presenting the White House with a potential political headache.
Categories: NEWS: U.S. and International

Goldman's U.K. Fine: $27 Million

Thu, 09/09/2010 - 18:17
Goldman Sachs agreed to a fine of $27.1 million as part of an investigation by the Financial Services Authority that began shortly after U.S. regulators accused the firm in April of fraud.
Categories: NEWS: U.S. and International

SEC Hunts for Links in Potash Case

Thu, 09/09/2010 - 18:14
SEC investigators are struggling to establish a connection between the two men charged last month with insider trading ahead of BHP's $40 billion bid for Potash.
Categories: NEWS: U.S. and International

Trump Offers to Buy Out Park51 Investor

Thu, 09/09/2010 - 18:10
The developer of a proposed Islamic center near Ground Zero dismissed an attempt by Donald Trump to buy out one of the investors in the project.
Categories: NEWS: U.S. and International

Ireland, Hungary Sell Debt Successfully

Thu, 09/09/2010 - 17:36
Recent announcements helped restore some confidence as Ireland sold $509 million of Treasury bills but paid lower yields than previously, while Hungary sold 40% more bonds than planned.
Categories: NEWS: U.S. and International

Nomura Bulks Up in North America

Thu, 09/09/2010 - 16:56
Nomura Holdings has hired a team of natural-resource bankers and is opening offices in Houston and Toronto this month, its latest moves to expand in North America.
Categories: NEWS: U.S. and International

Reserve Fund Holders May Get '10 Tax Loss

Thu, 09/09/2010 - 16:42
Beleaguered investors in the Reserve Primary and Reserve Yield Plus funds may finally be getting a break—in the form of a recognizable tax loss.
Categories: NEWS: U.S. and International

Dow Advances 28.23 Points

Thu, 09/09/2010 - 15:18
Stocks rose for the sixth session in seven, gaining modestly in light trading after an unexpectedly sharp fall in new weekly jobless claims and encouraging trade-deficit data.
Categories: NEWS: U.S. and International

India to Survey Citizens on Their Caste

Thu, 09/09/2010 - 13:16
The Indian government decided to poll all its citizens on their caste for the first time in 80 years in a major policy shift on the controversial issue.
Categories: NEWS: U.S. and International

Blue-Chip Borrowers Issue Debt in Droves

Thu, 09/09/2010 - 13:13
Hewlett-Packard and other companies are filling the bond market with fresh debt. An estimated $51 billion in corporate bonds and leveraged loans have hit the market in two days. Yield-hungry investors are buying.
Categories: NEWS: U.S. and International

Kindle Distribution Widens

Thu, 09/09/2010 - 10:57
Best Buy will add the Amazon Kindle to its selection of e-book readers.
Categories: NEWS: U.S. and International

Regulator Opposes NAB, AXA Deal

Thu, 09/09/2010 - 10:12
Australia's competition regulator continued its opposition to National Australia Bank's proposed bid for wealth management firm rival AXA Asia Pacific.
Categories: NEWS: U.S. and International

OPEC Warns of Weakening Demand

Thu, 09/09/2010 - 09:42
The Organization of Petroleum Exporting Countries kept its oil-demand forecast broadly unchanged, warning of weakening demand amid signs of an economic slowdown in industrialized nations.
Categories: NEWS: U.S. and International

Pastor Still Plans Quran Burning

Thu, 09/09/2010 - 09:40
Florida Pastor Terry Jones said he was determined to go through with his plan to burn copies of the Quran on Sept. 11, despite pressure from the White House, religious leaders and others to call it off.
Categories: NEWS: U.S. and International

OECD: More Stimulus May Be Needed

Thu, 09/09/2010 - 09:37
Central banks may have to provide additional stimulus, and in some cases governments may have to delay their plans to cut budget deficits to counter a slowdown in the global economy.
Categories: NEWS: U.S. and International

ANA to Launch Low-Cost Carrier

Thu, 09/09/2010 - 09:35
All Nippon Airways will become the first Japanese carrier to operate both budget and conventional services.
Categories: NEWS: U.S. and International