Daily Wrap Up - Sept 6
Dueling reforms; Obama's Major Push; Markets Wary
U.S. climate change bill to compete with healthcare
Environmentalists hope the push in Congress for climate change legislation is not overwhelmed by the debate dominating Capitol Hill over changing the U.S. healthcare system. But it might be. Read Full Article here.
Healthcare speech puts Obama at center of debate
President Barack Obama hopes to use a major speech next week to revitalize his push for healthcare reform -- and his success or failure could help define the rest of his term and perhaps his presidency. Read Full Article here.
Markets to stay wary on stimulus after G20 pledge
Financial markets are likely to remain buffeted by uncertainty over government policy despite an unprecedented pledge by the world's top finance officials to cooperate as the global economy emerges from recession. Read Full Article here.
Recession drives U.S. restaurateurs, diners to trucks
Every Thursday night, Lonnie Bishop and Lisa Case have a dinner date. For $5 each, the couple dines on fancy hot dogs served from a food truck parked outside their favorite wine shop in Los Angeles. Read Full Article here.
HSBC bids for ING's private banking unit: report
British bank HSBC has made a bid of about 1 billion pounds ($1.63 billion) for Dutch financial group ING's private banking businesses, according to a report in The Sunday Times. Read Full Article here.
Automakers on uphill road to build brand in China
After driving his BMW 5 series model for just three years, Chinese futures trader Jerry Lin traded in his car for an Audi A6. Read Full Article here.
Sears' Lampert hits back at 'inaccurate' report
In a letter to Barron's, Sears Holdings Corp Chairman Edward Lampert defended the retailer from what he called an inaccurate and biased report in the August 24 edition of the paper. Read Full Article here.
Huntsman eyes China chemical plant purchases: report
Huntsman , an American chemicals group, is looking to buy chemical plants in China with part of a $2.7 billion compensation package, said senior executive Paul Hulme in a Financial Times interview on Monday. Read Full Article here.
Xstrata tells bankers to study fresh Lonmin bid: report
Xstrata has asked its bankers to study the viability of a new 3 billion pounds ($4.90 billion) bid for platinum producer Lonmin , according to the Observer newspaper. Read Full Article here.
WTO raps European export aid for Airbus: sources
The WTO has found that loans from European governments to Airbus were not only unfair subsidies but in some cases violated a tougher ban on export aid, according to sources familiar with a report that also rejected some U.S. complaints. Read Full Article here.
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