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Business News |
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Yahoo! News: Business News
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Business News
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Europe bank fears hit shares
(Reuters)
Reuters - Asian stocks fell on Wednesday, led by shares in Japan's big exporters as a rise in the yen to a new 15-year high threatened to erode their overseas earnings.
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Obama pitches spending and tax incentives in Ohio
(Reuters)
Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.
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HP sues to stop ex-CEO Hurd joining Oracle
(Reuters)
Reuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."
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Japan's intervention hints fail to stop yen rally
(Reuters)
Reuters - Japan's government sharpened its rhetoric on foreign exchange intervention on Wednesday as a rise in the yen to a 15-year high underlined concerns that the currency's strength could threaten the economic recovery.
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Foster's knocks back $2.5 billion offer for wine
(Reuters)
Reuters - Foster's Group Ltd , Australia's largest brewer, knocked back an offer worth up to $2.5 billion for its wine business as too cheap, but the approach could flush out offers for the entire group.
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SEC's Schapiro: "Flash crash" report expected by month end
(Reuters)
Reuters - The top U.S. securities regulator said on Tuesday that the follow-up report on what might have caused the May "flash crash" is expected by the end of September.
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Summary Box: Worried investors turn to gold
(AP)
AP - SEEKING SAFETY: Gold settled at a record high Tuesday as more worries resurfaced about European banks and the global economy.
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Flow International posts small 1Q loss
(AP)
AP - Flow International Corp., a maker of industrial waterjet machines for cutting and cleaning, nearly washed away a first-quarter loss.
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EU official calls for regular bank 'stress tests'
(AFP)
AFP - The European Union's financial services chief called on Wednesday for so-called "stress tests" on banks to be carried out on a regular basis, to judge their resilience in the event of another crisis.
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Bullish or Bearish? The World's Greatest Investors Debate.
(The Motley Fool)
The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.
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