The Wall Street Journal — September 3, 2010 — BP PLC Friday disclosed various lessons and capabilities built from trouble-shooting the big oil spill in the U.S. Gulf of Mexico which, it said, would allow the industry to more quickly cope with any future offshore oil drilling accidents. “These advances can serve as part of [...]
MarketWatch — September 3, 2010 — Investors pushed stocks up for the fourth day in a row, sailing into the long weekend on a high note as an encouraging jobs report sent stocks to their best pre-Labor Day week in two decades. The Dow Jones Industrial Average delayed (DJIA 10,448, +127.83, +1.24%) finished up 127.98 [...]
Dow Jones — September 3, 2010 — Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth. Obama spoke in the Rose Garden after the August jobs report came out [...]
The Wall Street Journal — September 3, 2010 — Job losses continued to mount in the U.S. economy last month, though at a more modest pace than expected, putting further pressure on policy makers to take action to spur growth and employment. A separate report indicated the U.S. nonmanufacturing sector expanded at a much slower [...]
Forbes — September 3, 2010 — BP has announced what many already feared: the cost of its massive Gulf of Mexico oil spill has risen dramatically since it capped its Deepwater Horizon well on July 15, to $8 billion from an initial $3.9 billion. “The cost of the response to date amounts to approximately $8 [...]
Bloomberg — September 3, 2010 — Stocks rallied, extending the first weekly gain in a month for the Standard & Poor’s 500 Index, while Treasuries and gold tumbled as better-than-estimated growth in private payrolls bolstered optimism the economy will avoid relapsing into a recession. The S&P 500 surged 1.2 percent to 1,103.25 at 9:39 a.m. [...]
Bloomberg — September 2, 2010 — News Corp. Chairman and Chief Executive Officer Rupert Murdoch said the global economy remains in turmoil because of sovereign debt pressures, “soaring” deficits and “unacceptable” U.S. unemployment rates. “Others may see more positive signs, but I believe until these issues are addressed, markets, governments, currencies and consumer behavior will [...]
MarketWatch – September 2, 2010 — Stocks mounted a modest afternoon rally to close near the day’s highs as investors awaited monthly jobs data on Friday that will shed more light on the economic recovery. The Dow Jones Industrial Average (DJIA 10,320, +50.63, +0.49%) finished up 50.33 points, or 0.49%, at 10319.80. The Nasdaq Composite [...]
Bloomberg – September 2, 2010 — The new financial regulation law gives the Federal Reserve chairman the authority to force banks to raise capital and tighten lending — just as he’s trying to steer monetary policy in the opposite direction. In November 2009, Senate Banking Committee Chairman Christopher Dodd advanced a radical proposal: to create [...]
Dow Jones – September 2, 2010 — Burger King Holdings Inc. agreed to be acquired by New York-based private-investment firm 3G Capital Management Inc. for $24 a share. The total deal, including both equity and debt, is around $4 billion and is expected to closed before the end of the year. Burger King said it [...]
