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Updated: 18 min 54 sec ago

Asia stocks off 1-month high (Reuters)

52 min 9 sec ago

Reuters - Asian and European stocks eased on Tuesday as caution over the global economy persuaded investors took profits on recent gains, while the euro fell after a newspaper report rekindled fears about the vulnerability of European banks.


Barclays appoints Diamond as chief executive (Reuters)

58 min 29 sec ago
Reuters - British bank Barclays has appointed Bob Diamond, the head of its investment and wealth management business Barclays Capital, as its new group chief executive to replace current head John Varley next year.

Kia's top executive resigns after recalls (AP)

1 hour 6 min ago

AP - The top executive at Kia Motors has resigned after the company recalled more than 100,000 vehicles worldwide over defective wiring, the automaker said Tuesday.


Oracle hires former HP's Mark Hurd (Reuters)

2 hours 1 min ago

Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.


Justice department probes Google's ITA Software deal: report (Reuters)

2 hours 39 min ago
Reuters - The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry, the Wall Street Journal said.

Kia Motors boss resigns over mass recall (AFP)

Tue, 09/07/2010 - 04:43

AFP - The head of South Korea's second-largest automaker Kia Motors has resigned to take responsibility for the recall of tens of thousands of cars over faulty electrical wiring, the company said Tuesday.


Strong yuan would hurt China: economists (Reuters)

Tue, 09/07/2010 - 04:43
Reuters - China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.

Imam behind NYC mosque back in US after Gulf trip (AP)

Tue, 09/07/2010 - 04:33

AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.


EU money helps Roma get jobs and fight stereotypes (AFP)

Tue, 09/07/2010 - 04:28

AFP - The Roma minority are targets of a security crackdown in France, but an EU-funded project has given two dozen members of the community new jobs and new hope at a troubled time for gypsies.


Obama kicks off campaign with infrastructure plan (Reuters)

Tue, 09/07/2010 - 01:50

Reuters - President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts.


Obama kicks off campaign with infrastructure plan (Reuters)

Mon, 09/06/2010 - 22:49

Reuters - President Barack Obama, scrambling to jump-start job creation in a sluggish economy, proposed a six-year plan on Monday to rebuild aging roads, railways and runways with an initial $50 billion investment.


Troubles mount for EU bid to re-draw economic government (AFP)

Mon, 09/06/2010 - 21:15

AFP - Plans to radically re-draw cross-border economic government across Europe hit a stumbling block on Monday 10 days from a deadline for concrete action set by European Union leaders.


US won't say if blowout preventer on way to shore (AP)

Mon, 09/06/2010 - 20:24

AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.


Oil operations in Gulf unaffected by storm (Reuters)

Mon, 09/06/2010 - 19:15
Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co (RDSa.L) said Monday that Tropical Storm Hermine was not affecting their offshore operations.

Fiat to name Toyota executive to head sales: report (Reuters)

Mon, 09/06/2010 - 19:13
Reuters - Italian car maker Fiat SpA will hire Toyota Motor Europe's (7203.T) Andrea Formica to head sales at its four-brand automotive group, Automotive News Europe said, citing sources familiar with the matter.

Basel committee seeks 9 percent Tier 1 capital: report (Reuters)

Mon, 09/06/2010 - 18:43
Reuters - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called conservation buffer, German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules.

WTO to issue Boeing subsidies verdict Sept. 15: source (AFP)

Mon, 09/06/2010 - 17:12

AFP - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.


EU finmins want budget rule offenders rapped swiftly (Reuters)

Mon, 09/06/2010 - 17:11
Reuters - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises.

Oil slips below $74 as U.S. driving season ends (Reuters)

Mon, 09/06/2010 - 16:55

Reuters - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.


Sri Lanka to offer more oil exploration blocks (Reuters)

Mon, 09/06/2010 - 16:51
Reuters - Sri Lanka on Monday said it would offer new oil exploration blocks in an area off the northern coast where the initial flare-up of a quarter-century war with the Tamil Tiger separatists ended the hunt for oil.