Search:    
Skip Navigation Links
 Friday, July 30, 2010 
 
    
 
MSN.com Business News

Slowing economy faces major hurdles
As the engine of U.S. economic growth slows, two of its main cylinders - job growth and consumer spending - still aren't firing. Until they kick in, the  weak recovery is in jeopardy.

Recovery lost speed in the second quarter

Crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, La. The nation’s economic recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year, new data show.The recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment.




U.S. consumers feel more downtrodden in July
U.S. consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey shows.

Wall Street recovers from early sell-off
Stock prices fluctuated Friday after investors found some upbeat news in the government's assessment of the economy during the April-June quarter.

BP CEO: I'm a 'villain for doing the right thing'
Tony Hayward, who resigned as chief executive of BP in the wake of the Gulf oil spill, has said that he was turned into "a villain for doing the right thing."

Obama selling auto bailout good news

President Barack Obama tours a Chrysler plant in Detroit Friday. Obama is in the heart of the U.S. auto industry to push an important election-year claim: that his administration's unpopular auto industry bailout has turned into an economic success.President Barack Obama on Friday heralded the recent turnaround for U.S. automakers, arguing that thousands of jobs and increased production vindicate his unpopular decision to bailout the industry.




Regional chains feed America's burger appetite
Whether you want pear chutney on your sandwich, or an artery-clogging ball of meat and grease for less than a buck, there’s a regional burger chain for you somewhere in America.

A possible successor to Buffett at Berkshire?
The oft-debated question of who will take over for Warren Buffett as the investment head of Berkshire Hathaway may have moved a notch closer to resolution.

10 hot startups with future potential

VeriMeri makes positive T-shirts for kids — sentiments include "Peace, Dude," "I'm a lucky ducky" and "Imagine." "Hot" startups aren't the entrepreneurial equivalent of a winning lottery ticket. They are the companies that capture the hearts and minds of their potential customers — and market share.




Billionaire brothers accused of insider trading

In this file photo Sam Wyly poses at his Explore book store in Aspen, Colo. The SEC has accused famed Dallas billionaire investors Sam and Charles Wyly of defrauding the investing public.Sam and Charles Wyly, Dallas billionaire investors  made $550 million in undisclosed profits through 13 years of insider trading, according to an SEC lawsuit.




Banks' hard sell: Opt in for more overdraft fees


Facebook may postpone its IPO until 2012
Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.

Disney to sell Miramax for over $660 million
Walt Disney Co. has agreed to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to Filmyard Holdings LLC.

NY Fed: Toxic assets from AIG gaining value
Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.

Lawsuits seek $30 million from Madoff family

Bernard Madoff confessed that his business had operated for about two decades as a Ponzi scheme in which some investors were paid off with the money provided by new investors. A court-appointed trustee seeking to recover billions of dollars lost by Bernard Madoff filed 3 lawsuits in a bid to get back more than $30 million  he said the Madoff family had invested.




Mexico's violence largely spares foreign firms

While drug violence has hit local businesses hard, such as this car bomb attack in Juarez, foreign businesses have remained relatively immune to cartel crime.As bodies pile up in Mexico's drug war, local businesses bear the brunt of violence, extortion and kidnapping while big foreign-run firms have been spared the worst.

 
 
 
My Paper !
  
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer . Opinions expressed at FXPaper.com are those of the individual authors and do not necessarily represent the opinion of FXPaper.com or its management.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer . Opinions expressed at FXPaper.com are those of the individual authors and do not necessarily represent the opinion of FXPaper.com or its management.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 
   ©2008 FXpaper.com. All Rights Reserved.