Japanese Stocks Drop, Led by Carmakers on Yen; Traders Decline
Japanese stocks fell as a stronger yen and lower oil prices countered expectations President Barack Obama’s proposed stimulus will boost the U.S. economy. .BusinessWeek.com -- Top News
Air Products Increases Its Airgas Takeover Bid to $5.5 Billion
Air Products & Chemicals Inc. boosted a hostile takeover bid for Airgas Inc. by 3 percent to $5.5 billion and said it will walk away unless shareholders of the target company support its proposals at a meeting next week. .BusinessWeek.com -- Top News
Barclays Said to Tap Diamond as CEO, Replacing Varley
Barclays Plc, Britain’s third- largest bank, is poised to name President Robert Diamond as Chief Executive Officer John Varley’s successor, a person with direct knowledge of the matter said.BusinessWeek.com -- Top News
Samsung Electronics Expects to Meet TV Sales Target for 2010
Samsung Electronics Co. is on track to meet to its 2010 sales target for televisions, said Yoon Boo Keun, the company’s TV business chief. Yoon, who was speaking to reporters in Seoul today, also said Samsung is considering using Google Inc.’s Android operating system in its televisions. .BusinessWeek.com -- Technology
Oracle Hires Mark Hurd as President; Phillips Resigns
Oracle Corp., the world’s second- biggest software company, hired former Hewlett-Packard Co. Chief Executive Officer Mark Hurd as a president and member of the board, reporting to CEO Larry Ellison. .BusinessWeek.com -- Technology
Barclays Said to Select Diamond as Successor to CEO Varley
Barclays Plc, Britain’s third- largest bank, is poised to name President Robert Diamond as Chief Executive Officer John Varley’s successor, a person with direct knowledge of the matter said.BusinessWeek.com -- Top News
Calderon Agenda May Be Weakened on Mexico Opposition
Mexican President Felipe Calderon may have difficulty pushing through his agenda, including plans to make it easier for businesses to hire and fire workers, after members of the opposition Institutional Revolutionary Party, or PRI, were appointed to lead the Senate and lower house.BusinessWeek.com -- Top News
Beck’s Pitch Channels 1930s Invective: Albert R. Hunt
Glenn Beck, at his successful “Restoring America” rally in Washington, wrapped himself in the legacy of Martin Luther King Jr. He fits much better with another religious-political figure, the late Charles E.BusinessWeek.com -- Top News
Obama Proposes $50 Billion Plan to Fix Roads, Railways, Runways
President Barack Obama proposed spending at least $50 billion to rehabilitate the nation’s transportation infrastructure to help spur an economy that’s lost jobs for three straight months.BusinessWeek.com -- Top News
Obama Says Infrastructure Programs Won’t Widen U.S. Deficit
President Barack Obama said a proposal to spend $50 billion initially to modernize the nation’s transportation systems won’t swell the federal budget deficit.BusinessWeek.com -- Top News
Hedge Funds Turn Bearish on Gasoline Futures: Energy Markets
Hedge-fund bets against gasoline exceeded wagers that prices will rise for the first time in almost four years as the fuel fell in the final week of the U.S.BusinessWeek.com -- Top News
Gamesa Said to Plan Brazil Factory in Bid to Reverse Share Drop
Gamesa Corporacion Tecnologica SA, the Spanish wind turbine maker that’s lost more than half its market value this year, is planning to set up a factory in Brazil to supply the world’s fastest-growing market for wind energy, according to a person familiar with the company’s plans.BusinessWeek.com -- Top News
Syrian Stonewalling in Atomic Probe Hurts Evidence, UN Says
Syria’s lack of cooperation with United Nations nuclear inspectors is hampering the International Atomic Energy Agency’s ability to determine whether a the Middle Eastern country was building a nuclear reactor, the Vienna-based agency said today.BusinessWeek.com -- Top News
Australian Independent Bob Katter Backs Abbott
Australian independent lawmaker Bob Katter said he’ll support the coalition’s Tony Abbott, putting the opposition leader two seats short of the 76 he needs to form government following the closest election in 70 years.BusinessWeek.com -- Top News
Rosetta Stone’s Management and Marketing Woes
The language-learning company hopes a new product and international growth will revive investor enthusiasm that waned after the stock's 2009 debutBusinessWeek.com -- Top News
Asian Steel Stocks Rise on Obama Plan; Japanese Exporters Drop
Asian steel stocks rose after U.S. President Barack Obama proposed a stimulus plan proposed to boost economic growth. Japanese exporters fell on concern a stronger yen will hurt the value of overseas sales. .BusinessWeek.com -- Top News
Indonesia Seeking to Avoid Rate Rise, Governor Nasution Says
Indonesia’s central bank chief said he wants to avoid increasing interest rates, counting on lending and reserve rules for banks to contain inflation and stoke growth in Southeast Asia’s biggest economy.BusinessWeek.com -- Top News
Australian Independent Lawmakers See Decision Today
The three men who’ll determine which major party governs Australia after the closest election in 70 years will make a decision today, independent lawmaker Tony Windsor said.BusinessWeek.com -- Top News
Telstra Committed to China After SouFun IPO Decision, CEO Says
Telstra Corp., Australia’s largest telephone company, remains committed to investing in China after moving to sell its shareholding in property website SouFun Holdings Ltd., Chief Executive Officer David Thodey said.BusinessWeek.com -- Top News
French Unions Stage Nationwide Strike as Pension Debate Starts
French unions are striking nationwide as lawmakers begin debating President Nicolas Sarkozy’s bill to raise the retirement age.BusinessWeek.com -- Top News
Air Products Raises Airgas Bid to $5.5 Billion
Air Products & Chemicals Inc. boosted a hostile takeover bid for Airgas Inc. by 3 percent to $5.5 billion and said it will walk away unless shareholders of the target company support its proposals at a meeting next week. .BusinessWeek.com -- Top News
Calderon May Compromise as Opposition Leads Mexico Congress
Mexican President Felipe Calderon may have difficulty pushing through his agenda, including plans to make it easier for businesses to hire and fire workers, after members of the opposition Institutional Revolutionary Party, or PRI, were appointed to lead the Senate and lower house.BusinessWeek.com -- Top News
Czech Eurobond Funding Costs Beat Italy on Austerity
The Czech Republic sold its first euro-denominated bonds in more than a year as planned austerity measures and optimism about emerging-market debt sends the country’s borrowing costs below those in higher-rated Italy.BusinessWeek.com -- Top News
Putin Vows to Stick to Law in Russia’s 2012 Presidential Vote
Prime Minister Vladimir Putin vowed to abide by the Russian constitution when President Dmitry Medvedev’s term runs out in 2012.BusinessWeek.com -- Top News
European Stocks Rise, Extending Four-Week High; RWE, E.ON Climb
European stocks advanced for the fourth time in five days, extending a four-week high for the Stoxx Europe 600 Index, as a report on U.K. manufacturing helped to further ease concern that the economic recovery is faltering. .BusinessWeek.com -- Top News
German Banks May Need to Raise $135 Billion on Rules
Germany’s 10 biggest lenders, including Deutsche Bank AG and Commerzbank AG, may need about 105 billion euros ($135 billion) in fresh capital because of new regulation, the Association of German Banks said.BusinessWeek.com -- Top News
Contrafund’s Danoff Stymied as Investor Fear Fuels Correlation
Fidelity Investments’ William Danoff, the stock picker who led the Contrafund to benchmark- beating returns, isn’t looking very contrarian these days.BusinessWeek.com -- Top News
Investors Vulnerable to Loss on Rising Duration: Credit Markets
Corporate bond investors are facing the potential for record losses when policy makers start to raise interest rates as companies take advantage of falling borrowing costs to sell longer-term debt.BusinessWeek.com -- Top News
New Zealand’s Key to Visit Quake-Ravaged Christchurch
New Zealand Prime Minister John Key will today start a two-day visit to Christchurch and surrounding areas hit by a magnitude 7.0 earthquake that cut power, damaged hundreds of buildings and closed the central business district.BusinessWeek.com -- Top News
Euro Falls on Concern Europe Banks Will Struggle to Raise Funds
The euro fell the most in a week against the dollar and the yen on concern European banks will struggle to raise funds, damping the region’s economic outlook.BusinessWeek.com -- Top News
Marque Wins, Tetsuya Loses Hat in Sydney Morning Herald Awards
Marque, chef Mark Best’s contemporary French restaurant, has been named top eatery in Australia’s biggest city by the Sydney Morning Herald.BusinessWeek.com -- Top News
Londoners Plan to Take to Bikes, Boats, Taxis in Tube Strike
Londoners plan to take to boats, bikes, taxis, and their own two feet to get to work today, with as many as 10,000 Tube workers staging the first of a series of 24-hour strikes over planned job cuts.BusinessWeek.com -- Top News
Embryonic Stem-Cell Research Foes Fight Ban Delay
Supporters of a court order halting government support for research using cells taken from human embryos objected to a government request to permit it to continue during the Obama administration’s appeal.BusinessWeek.com -- Top News
France Telecom, Telekom Could Merge, Union Says, Reuters Reports
Deutsche Bank AG’s increased stake in France Telecom SA could signal a merger of the French phone operator with Deutsche Telekom AG, according to the CFE-CGC/UNSA labor union federation, Reuters reported, citing the union.BusinessWeek.com -- Technology
‘The American’ Is Top Film With $16 Million in Sales
“The American,” a spy thriller from Universal Pictures’ Focus Features, was the top movie in U.S. and Canadian theaters over the Labor Day weekend with $16.4 million in receipts. .BusinessWeek.com -- Top News
Stem-Cell Research Foes Urge Judge to Continue Ban
Supporters of a court order halting government support for research using cells taken from human embryos objected to a government request to permit it to continue during the Obama administration’s appeal.BusinessWeek.com -- Top News
South African State Workers Suspend 20-Day Strike
South African state workers suspended a strike that has shut thousands of schools and interrupted services at hospitals and courts since Aug. 18, as they consider an improved wage offer from the government. .BusinessWeek.com -- Top News
Yanzhou Coal to Pay $682 Million for Stake in Haosheng Mining
Yanzhou Coal Mining Co., the Chinese company that paid more than $3 billion for Felix Resources Ltd., said it will seek to acquire 51 percent of Inner Mongolia Haosheng Coal Mining Ltd.BusinessWeek.com -- Top News
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Euro Falls on Concern Europe Banks Will Struggle to Raise Funds
The euro fell the most in a week amid concern sovereign-debt risk will hinder the fiscal health of European banks, denting prospects for the region’s recovery.BusinessWeek.com -- Top News
BOJ Keeps Credit Program, Interest Rates Unchanged
The Bank of Japan kept borrowing costs and the size of its liquidity injections unchanged, taking a pause in monetary stimulus to monitor the yen’s moves and U.S.BusinessWeek.com -- Top News
Japanese Stocks Fluctuate; Steelmakers Advance, Carmakers Fall
Japanese Stocks fluctuated with steelmakers advancing on lower materials costs and carmakers falling as the euro declined.BusinessWeek.com -- Top News
Obama to Propose Business Tax Relief, Spending to Spur Growth
President Barack Obama this week is proposing to expand tax relief for businesses and boost federal spending on the nation’s transportation system to help bolster an economy that’s losing jobs heading into the November congressional elections.BusinessWeek.com -- Top News
Tropical Storm Hermine Set to Make Landfall Tonight
Tropical Storm Hermine, near the western end of the Gulf of Mexico, is poised to make landfall tonight, forcing at least one Texas refinery to take precautions.BusinessWeek.com -- Top News
Asia to Buy First European Naphtha in 3 Months: Energy Markets
Asian petrochemical companies will import naphtha from Europe for the first time in three months in September as demand rises in China.BusinessWeek.com -- Top News
Erdogan Faces Close Call in Referendum as Kurds Hold Swing Vote
Prime Minister Recep Tayyip Erdogan was once headed for hero status among Turkey’s Kurdish minority. Now, he’ll settle for being the least bad bet. .BusinessWeek.com -- Top News
Australia Independent Lawmakers See Decision Today, Windsor Says
No decision has been made on which party to support to form government, Australian independent lawmaker Tony Windsor told Australian Broadcasting Corp. radio today. A decision will be made “early afternoon” after final information is received from Prime Minister Julia Gillard and opposition leader Tony Abbott around 9 a.m., he added. .BusinessWeek.com -- Top News
Hermine Strengthens in Gulf; Valero Readies Refinery
Tropical Storm Hermine strengthened in the western end of the Gulf of Mexico as a Texas refinery prepared for the storm’s landfall. The weather system is the eighth named storm of the Atlantic hurricane season. .BusinessWeek.com -- Top News
Gates, Buffett to Issue Public Explanation for Trip to China
Billionaires Bill Gates and Warren Buffett will publicly explain the purpose of their planned visit to China after a newspaper reported that a number of wealthy Chinese individuals declined to attend an event hosted by the two due to concerns they’d be asked give their money to charity.BusinessWeek.com -- Top News
London Subway Workers’ Strike to Disrupt Travelers
London’s 3.5 million Tube travelers face disruption today with as many as 10,000 of the subway’s drivers, station staff and engineers staging the first of a series of 24-hour strikes over employment cuts.BusinessWeek.com -- Top News
Peugeot Citroen Plans Electric-Car Boost With Leasing
PSA Peugeot Citroen, Europe’s second-biggest carmaker, aims to unlock demand for electric cars with leasing programs that include gasoline loaners for trips beyond the reach of a single battery charge.BusinessWeek.com -- Top News