Australian Dollar Outlook 02/7/2010
The AUD has opened slightly firmer today after it was announced the government and the mining industry had reached a deal on the new profits tax late yesterday.
ComScore acquires Nexius unit
Digital market research firm ComScore Inc acquired the products division of Nexius Inc, a provider of network analysis focused on the experience of wireless subscribers, to strengthen its product line-up targeted at wireless carriers.
Weather hinders oil cleanup
Tropical storm Alex slowed oil spill clean-up and containment work in the Gulf of Mexico and drove more petroleum into fragile Gulf wetlands and beaches on Thursday, with any permanent fix to BP Plc's ruptured deep-sea well still several weeks away.
Dell agrees to buy software company Scalent
Dell Inc said on Thursday it agreed to acquire privately held Scalent, a maker of data center software, for an undisclosed amount.
Blockbuster says to delist from NYSE
Blockbuster Inc on Thursday said it plans to begin the process of delisting from the New York Stock Exchange, after shareholders rejected a proposed reverse stock split intended to keep its price at acceptable trading levels.
Toyota mulling another recall
Toyota Motor Corp officials in the United States said on Thursday that an internal investigation will be completed next week into possible stalling of Lexus engines, but they did not say whether the cars will be recalled.
Google will buy travel data firm ITA for $700 million
Google Inc has agreed to buy travel industry search-provider ITA Software for $700 million in cash, twinning its dominance in Internet search with ITA's widely used technology.
Automakers see no sign of expected recovery
U.S. auto sales slipped in June from the previous month and major automakers said there was no sign of the second-half recovery the battered industry had expected at the start of the year.
U.S. June nonfarm jobs seen falling 110,000 on census
U.S. jobless numbers likely fell in June for the first time this year, a Reuters poll showed. The key monthly unemployment report will be released on Friday.
AIG CEO and chairman to work out differences: source
American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company's Asian life unit, have agreed to work out their differences, a source familiar with the situation said on Thursday.
Jobless claims and factory data fan recovery fears
New claims for U.S. jobless benefits unexpectedly rose last week, while growth in the manufacturing sector slowed in June, heightening fears the country's economic recovery was stalling.
U.S. government slowly adopting Web-based computing
The United States, seeking to modernize technology and reduce costs, is embracing cloud computing, but privacy and security issues need to be ironed out during a decade-long transition, U.S. officials said on Thursday.
Airbus, Boeing spar again as appeal looms
Airbus and Boeing clashed over aid for the next generation of European passenger jets on Thursday, while details emerged on the battleground for possibly lengthy appeals following a major trade ruling on aircraft subsidies.
AIG CEO, chairman to work out differences: report
American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds since a botched sale of the company's Asian life unit, will try to work out their differences, the Wall Street Journal reported on Thursday.
June auto sales flat but Hyundai gains
Auto sales slipped in June from the previous month's pace and major automakers said there was no sign of the definitive second-half recovery that the battered industry had expected at the start of the year.
Brokers also want to be your banker, lender
Big brokerages are working to boost banking and lending services to their clients, eager for new revenue to offset the squeeze from volatile markets and nervous clients clinging to low-margin bond and cash funds.
Global carmakers see H2 trouble; June sales mixed
Global carmakers are braced for a slide in second half sales as scrappage schemes are phased out and cautious consumers pull back from big-ticket buys in the face of economic uncertainty.
Goldman says claims against AIG were legitimate
Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout.
Consumers sue Apple over iPhone antenna problems
Apple Inc has been sued by iPhone customers in at least three complaints related to antenna problems on its newest model.
Global manufacturing growth cools in June
Manufacturing growth cooled around the world in June, with China hitting its slowest pace in more than a year and growth in the United States and Europe also easing -- further evidence that the global economic recovery is moderating.
BP to start Libya deepwater oil drilling soon
BP Plc for the Libyan well and says it has prepared extensively for the operation.
Wall Street down after data but bounces from lows
Stocks slipped on Thursday as manufacturing and other data suggested a slowing recovery, but shares were well off session lows as investors snapped up some beaten-down shares.
Jobless claims, factory data fan recovery fears
New claims for jobless benefits unexpectedly rose last week, while manufacturing activity slowed in June, heightening fears the country's economic recovery was stalling.
How Realistic Is a Change of US Policy Regarding Israel?
Whoever said it's all about the economy, stupid, got it only partially right. It is indeed all about the economy, or at least half of it is about the economy. The rest is about a country's national interest. Typically, nations act or react to situations involving one of the above-mentioned
Treasury cuts Citi stake at $2 billion gross profit
The Treasury said on Thursday it has earned a gross profit of about $2 billion on sales of about one-third of its common stock holdings in Citigroup Inc as the government ramps up efforts to unwind bailout programs.
Republicans again block extension for unemployment insurance
Senate Republicans have again blocked movement on the bill to extend unemployment insurance.
GM June U.S. sales up nearly 11 percent
General Motors Co reported a 10.7 percent rise in June U.S. sales, helped by strong demand for newly launched vehicles such as the Chevrolet Equinox crossover and a recovery in truck sales.
Wall Street pares losses but data weigh
Stocks fell on Thursday, but were well off the lows of the session as investors snapped up beaten-down shares.
Toyota mulling another recall; engines may stall
Toyota Motor Corp by Thursday morning had not yet alerted U.S. safety regulators of a recall of one Toyota and seven Lexus models for possible engine stalling while driving, a federal safety official said.
BP oil spill cleanup work hampered by hurricane
Hurricane Alex slowed oil clean-up and containment efforts in the Gulf of Mexico, with any permanent fix to BP Plc's ruptured deep-sea oil well still several weeks away.