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Source Match Business News

Report: BP probe to spread blame for spill (Reuters)

Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon, off Louisiana, in this handout photograph taken on April 21, 2010 and obtained on April 22. REUTERS/U.S. Coast Guard/Handout/FilesReuters - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.


HP sues to stop ex-CEO Hurd joining Oracle (Reuters)

US computer titan Hewlett-Packard filed a complaint against former chief executive Mark Hurd, pictured in 2007, on Tuesday, a day after he was named a co-president at US business software giant Oracle.(AFP/Getty Images/File/Justin Sullivan)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."


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.

Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)

Time.com - A trio of financial sheriffs will oversee finance in the entire European market

Business Highlights (AP)

AP - Official: Obama to back more business tax breaks

Congress Republicans wary of Obama economy plan (Reuters)

US President Barack Obama (R) shakes hands with a small boy on September 6, at General Mitchell International Airport in Milwaukee, Wisconsin. New opinion polls Tuesday made painful reading for President Barack Obama's Democrats, cementing conventional wisdom that they face a pounding by Republicans in November's congressional elections.(AFP/File/Tim Sloan)Reuters - Republicans in Congress showed little willingness to help President Barack Obama approve $350 billion in measures to boost the economy with midterm elections less than two months away.


Market falls amid European bank worries (Reuters)

Traders work on the floor of the New York Stock Exchange, August 30, 2010. REUTERS/Brendan McDermidReuters - U.S. stocks fell in very light volume on Tuesday as investors seized on renewed concerns about European banks as a reason to sell shares after strong gains last week.


Gov't launches plan to help "underwater" borrowers (AP)

In this Aug. 8, 2010 photo shows a foreclosure sign in front of a home in Los Angeles, Calif. The Obama administration is trying to jump-start its sputtering plan to tackle the foreclosure crisis with an effort to assist up to 1.5 million homeowners who owe more on their properties than their homes are worth. (AP Photo/Paul Sakuma)AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.


Post-holiday pump prices should slide (AP)

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Motorists should see pump prices slide again after spending a little more to fill their tanks over the Labor Day weekend.


Suddenly, a raft of tax-break proposals from Obama (AP)

U.S. President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010.  REUTERS/Larry DowningAP - President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much — if any — GOP help.


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.

Toyota offers free Hispanic pride stickers (AP)

AP - Toyota Motor Corp., hoping to solidify its standing as the top brand for Hispanic buyers in the U.S., is offering drivers a series of stickers that celebrates their Hispanic heritage.

Sinochem approaches Temasek on Potash bid (Reuters)

Reuters - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

Digital River buys Journey Education Marketing (AP)

AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.

EU OKs new financial supervision deal (AP)

From left, European Central Bank President Jean Claude Trichet, Belgian Finance Minister Didier Reynders, and Spanish Finance Minister Elena Salgado speak during a meeting of EU finance ministers at the EU Council building in Brussels on Tuesday, Sept. 7, 2010. European finance ministers meet Tuesday to discuss taxes on banks. (AP Photo/Virginia Mayo)AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.


NYSE August US equity trading volume up 30 percent (AP)

AP - NYSE Euronext said Tuesday the trading volume for equity and derivative produces rose significantly in August, pushed up by a spike in U.S. equity trading.

The Treasury's New Research Office (BusinessWeek)

BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...
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