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Date: Friday, 20 Nov 2009 21:58
Reuters - U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
Author: "--" Tags: "business"
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Date: Friday, 20 Nov 2009 21:49
Reuters - Investors tempted to put money into star hedge fund manager John Paulson's new gold portfolio will have to commit at least $10 million and leave the money locked up for at least one year, according to a prospectus.
Author: "--" Tags: "business"
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Date: Friday, 20 Nov 2009 21:32

A trader works on the floor of the New York Stock Exchange, October 14, 2009. REUTERS/Brendan McDermidReuters - U.S. stocks fell for a third straight day on Friday as investors took weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton as a further sign that the recovery would be anemic.


Author: "--" Tags: "business"
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Date: Friday, 20 Nov 2009 20:18
Reuters - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.
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Date: Friday, 20 Nov 2009 20:07
AP - The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.
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Date: Friday, 20 Nov 2009 19:55
Reuters - The U.S. economy's return to growth in the third quarter was less brisk than previously thought as the trade deficit worsened and companies still aggressively cut inventories, a Reuters survey predicted.
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Date: Friday, 20 Nov 2009 19:26
AP - A federal grand jury in Eugene has indicted 13 people on mortgage and loan fraud charges arising from the collapse of a central Oregon development company.
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Date: Friday, 20 Nov 2009 19:21
AP - Shares of sporting goods retailer Hibbett Sports Inc. rose Friday, a day after its third-quarter results beat Wall Street expectations and it raised its 2010 profit forecast.
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Date: Friday, 20 Nov 2009 16:45

A Chinese flag flies outside the New York Stock Exchange, November 20, 2009. Shares of Chinese discount hotel chain 7 Days Group Holdings Ltd  jumped as much as 28.6 percent in their New York Stock Exchange debut on Friday. REUTERS/Brendan McDermid (UNITED STATES BUSINESS)AP - World stock markets fell Friday amid mounting concerns about the pace of the U.S. economic recovery following a disappointing earnings update from computer maker Dell Inc.


Author: "--" Tags: "business"
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Date: Thursday, 19 Nov 2009 10:09
Reuters - The U.S. economic recovery will be weaker than after previous deep recessions, and the high jobless rate will decline only slowly, the OECD said on Thursday.
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Date: Thursday, 19 Nov 2009 09:09

Investors play cards in front of an electronic screen showing stock information at a brokerage house in Taiyuan, Shanxi province, November 16, 2009. REUTERS/StringerReuters - The dollar pushed further away from 15-month lows on Thursday, forcing gold prices lower while global equities slipped from the top of their recent range.


Author: "--" Tags: "business"
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Date: Thursday, 19 Nov 2009 09:05
Reuters - Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling.
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Date: Thursday, 19 Nov 2009 03:47
Reuters - Hedge fund manager Kenneth Griffin's Citadel Investment Group lost $8 billion in clients' money last year, but is turning things around as markets recover and has made $5 billion in profits so far this year, the Wall Street Journal said on Wednesday.
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Date: Thursday, 19 Nov 2009 00:14

Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., right, speaks with committee member Sen. Mark Warner, D-Va., during a news conference on Capitol Hill in Washington, Tuesday, Nov. 10,2009, to discuss financial reform. (AP Photo/Charles Dharapak)Reuters - The U.S. Congress edged closer on Wednesday to creating new government powers to break up giant financial firms, which Europe is already doing, while a U.S. derivatives market crackdown got more complicated.


Author: "--" Tags: "business"
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Date: Wednesday, 18 Nov 2009 22:45
AP - The leader of Wal-Mart Stores Inc.'s Latin American division, Vicente Trius, is leaving the company after having served less than five months in the position.
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Date: Wednesday, 18 Nov 2009 22:03
AP - The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:
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Date: Wednesday, 18 Nov 2009 21:29

U.S. consumer prices rose more than expected in October, chiefly from increases in energy and motor vehicle costs, according to government data on Wednesday that showed the economy may have to confront some inflation threats during its recovery from the worst recession in 70 years. REUTERS/GraphicReuters - Construction of new homes in the United States hit a six month low in October, providing more evidence of the economy's sluggish recovery, while a surge in the cost of new and used vehicles lifted consumer prices.


Author: "--" Tags: "business"
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Date: Wednesday, 18 Nov 2009 21:11
U.S. News & World Report - The fitful nature of the housing sector's healing process was apparent Wednesday when a government report on new-home construction came in much weaker than economists had expected. The Commerce Department reported that October housing starts dropped nearly 11 percent from September and almost 31 percent from a year earlier. "The headline number is a shocker," Patrick Newport, U.S. economist at IHS Global Insight, said in a report. Here are four things you need to know about the development:
Author: "--" Tags: "topstories"
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Date: Wednesday, 18 Nov 2009 01:10
Reuters - A Chinese court has ruled that Microsoft (MSFT.0) infringed a Chinese software maker's intellectual property rights in a surprise decision that has renewed concerns about China's management of IPR disputes, the Financial Times reported on Wednesday.
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Date: Wednesday, 18 Nov 2009 00:57

FILE - In this May 28, 2008 file photo, a Costco customer picks up a case of Diet Coke at Costco in Mountain View, Calif. Costco said late Monday, Nov. 16, 2009, it is no longer carrying Coca-Cola products in its stores nationwide due to a pricing dispute with the beverage maker. (AP Photo/Paul Sakuma)AP - Costco customers may have to look elsewhere for Coca-Cola products now that the retailer has stopped carrying them because the pair are fighting over prices.


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