Search:    
 Thursday, March 11, 2010 
 
    
 
Yahoo.com Business News

Stocks drop early after mixed jobs report (AP)

In this March 8, 2010 photo, a sign for Wall Street is shown near the New York Stock Exchange. Stock futures fell slightly after the Labor Department said first-time claims for jobless benefits fell slightly less than expected.(AP Photo/Mark Lennihan)AP - Stocks fell in early trading Thursday after China reported a sharp jump in inflation. Mixed U.S. economic news also held the market back.




Trade deficit shrinks as auto and oil imports drop (AP)

FILE - In this Feb. 24, 2009 file photo, imported cars are seen stored in a lot after being offloaded from a ship at Port Hueneme, Calif. The U.S. trade deficit unexpectedly shrank in January, 2010, reflecting a big drop in imports of oil and foreign cars.  (AP Photo/Reed Saxon, file)AP - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad.




EU says US has pressed it on hedge fund rules (AP)
AP - The U.S. has pressed the European Union on draft rules to regulate hedge funds, but should respect Europe's right to decide its own legislation, a top EU finance official said Thursday.

First-time jobless claims drop slightly last week (AP)

In this March 9, 2010 photo, Damashata Washington looks for work at Work 2 Future, a federally funded job training center, in San Jose, Calif. The number of newly laid-off workers requesting unemployment benefits fell last week, the latest sign the employment picture is slowly brightening.(AP Photo/Marcio Jose Sanchez)AP - The number of newly laid-off workers requesting unemployment benefits slipped last week, the latest sign the employment picture is slowly brightening.




Senate passes $149 billion for jobless aid (Reuters)
Reuters - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.

Foreclosure rates up by smallest amount in 4 years (AP)

A pre-foreclosure sign is displayed outside a home in Miami, Florida in 2009. The US home mortage sector remains under siege -- as recent huge losses reported by government-run Fannie Mae and Freddie Mac show -- from high unemployment and troubled loans.(AFP/Getty Images/File/Joe Raedle)AP - The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.




SEC chief economist leaving (AP)
AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.

India aims to be world's fastest growing economy (AP)

In this Saturday, March 6, 2010 photo, workers fit gloves at Marvel Gloves Industries, a company which produces 3 million pairs of gloves a month mostly used in industrial production in India, in Ankaleshwar, about 195 kilometers (122 miles) south of Ahmadabad, India. India's Finance Ministry in an economic survey released in February made an assertion that India could soon overtake China's growth rates and become the fastest growing economy in the world within next four years. Driven by a record rebound in manufacturing, a senior executive at Marvel Gloves Industries said that despite importing gloves they are unable to meet demands of the industry. (AP Photo/Ajit Solanki)AP - Just how fast can India grow? Ask Manal Farooq, who can't make gloves quickly enough.




Imax posts 4Q profit, reversing loss (AP)
AP - Giant-screen movie technology company Imax Corp. posted a fourth-quarter profit Thursday, reversing a year-ago loss on a sharp jump in its movie theater equipment sales and rentals.

Greece hit by strikes, riots over austerity plan (AP)

A riot police officer tries to avoid a stone and a flare during clashes in central Athens, Thursday, March 11, 2010. Savage street clashes erupted between rioting youths and police in central Athens Thursday as more than 30,000 people demonstrated during a nationwide strike against the cash-strapped government's austerity measures.(AP Photo/Petros Giannakouris)AP - Serious street clashes erupted between rioting youths and police in central Athens Thursday as some 30,000 people demonstrated during a nationwide strike against the cash-strapped government's austerity measures.




Quinn seeks income tax hike for schools (AP)

Illinois Gov. Pat Quinn delivers his State of the Budget address to a joint session of the Illinois General Assembly on the House floor at the Illinois State Capitol in Springfield, Ill., Wednesday, March 10, 2010. (AP Photo/Seth Perlman)AP - Calling himself a realist, Gov. Pat Quinn on Wednesday scaled back his proposal to raise income taxes, shifting to a call for an increase of just one percentage point to be used solely for preventing deep cuts to education.




Signature Bank warrants bring $11.15 million (AP)
AP - The Treasury Department has received $11.15 million from the sale of warrants it received from New York's Signature Bank as part of the support it provided during the financial crisis.

Wal-Mart spent $1.78 million lobbying in 4Q (AP)
AP - Wal-Mart Stores Inc., the world's largest retailer, spent nearly $1.78 million lobbying in the fourth quarter on a wide range of issues from health care reform to organized crime and food safety issues, according to a recent disclosure report.

Home loan demand nudges higher in latest week (Reuters)

An arrow points down in the window of a branch of Northern Rock in London March 10, 2010.    Nationalised mortgage lender Northern Rock's headline losses shrank in 2009, helped by rising net interest income and lower loan losses in the second half, though it said loan writedowns would stay high in 2010.       REUTERS/Luke MacGregor   (BRITAIN - Tags: BUSINESS) POLITICS)Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.




Oil steadies after recent surge (AFP)

Oil prices held steady as investors paused for breath following recent gains made after data that showed stronger US energy demand.(AFP/File/Kenzo Tribouillard)AFP - Oil prices held steady on Thursday as investors paused for breath following recent gains made after data that showed stronger US energy demand, analysts said.




Toyota troubles put spotlight on US safety agency (AP)

Toyota Prius vehicles are seen for sale Wednesday, March 10, 2010, in Hayward, Calif. The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid. A day after state troopers helped the car slow to a stop and its driver to emerge unharmed, Toyota could shed no new light on what might have gone wrong. (AP Photo/Ben Margot)AP - Toyota's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting motorists.




The Ambitions of Prudential's Tidjane Thiam (BusinessWeek)
BusinessWeek - According to insiders at Prudential Plc , Tidjane Thiam, the chief executive of the insurer which said last week that it was bidding $35.5bn (23.6bn) to buy AIG's Asian insurance business is a firm believer in emotion over analysis.