World News Center
Wall Street declines on European banking concern (Reuters)
September 7, 2010
Reuters - Stocks fell on Tuesday, led by declines in financial shares as reports on the European banking system renewed worries over the sector's health.
Sinochem approaches Temasek on Potash bid: sources (Reuters)
September 7, 2010
Reuters - China's state-owned chemicals group Sinochem Corp has approached Singapore state investor Temasek to join a consortium that may bid for Canada's Potash Corp , sources with knowledge of the deal said on Tuesday.
Google to start TV service in U.S. this autumn (Reuters)
September 7, 2010Reuters - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.
SEC probes "quote stuffing" practices: Schapiro (Reuters)
September 7, 2010Reuters - U.S. regulators are probing certain practices around "quote stuffing," where large numbers of rapid-fire stock orders are placed and canceled almost immediately, Securities and Exchange Commission Chairman Mary Schapiro said on Tuesday.
World stocks gain, dollar falls (AFP)
September 7, 2010
AFP - Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.
AP analysis: Economic pain failed to ease in July (AP)
September 7, 2010AP - Americans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country.
Casey's 1Q profit falls on fees, expenses (AP)
September 7, 2010AP - Casey's General Stores Inc., which is fending off a hostile takeover bid, said Tuesday that its fiscal first-quarter profit fell 16 percent on fees related to evaluating the takeover offer and higher operating expenses. Its revenue rose 14 percent.
EU OKs new financial supervision deal (AP)
September 7, 2010
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.
AIG seeks Sept 21 approval for AIA IPO: sources (Reuters)
September 7, 2010Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.
Samsung warns DRAM oversupply on weak PC sales (Reuters)
September 7, 2010Reuters - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.
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