Wednesday 30 November 2011

Oil price above $100 on international banking plan

NEW YORK (AP) -- The price of oil on Wednesday finished trading above $100 for the first time in two weeks, as the U.S. and other countries made it easier for banks to lend money and keep the global economy growing. The Federal Reserve said it will team up with the European Central Bank, the Bank of ...


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Japan's Strength Is Lost in Translation

With the euro zone now on the brink of implosion, weakness in the U.S. economy and rising concerns over China's sustainable growth, is Japan the economic tortoise to the rest of the world's hare? Japan's economic performance has largely been written off over the past two decades. It shouldn't be ...


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Now Every Company Is A Software Company

Ford sells computers-on-wheels. McKinsey hawks consulting-in-a-box. FedEx boasts a developer skunkworks. The era of separating traditional industries and technology industries is over—and those who fail to adapt right now will soon find themselves obsolete. The future of big industry can be seen ...


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Kennesaw nonprofit launches diaper drive

KENNESAW — The Diaper Bank of Greater Atlanta, a Kennesaw-based nonprofit, is beginning a 12-day campaign today to collect 100,000 baby diapers and adult disposable undergarments for families who can’t afford them. The diaper drive will run through Dec. 12. The Diaper Bank of Greater Atlanta was ...


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Jackson's voice helped sway judge to imprison doctor

The voice of Michael Jackson helped put the man who killed him behind bars. It wasn't the familiar voice of hits such as "Billie Jean" and "Thriller," but the slow, slurring recording of the singer that was found on his physician's cell phone that helped convince a judge to sentence the doctor to ...


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Ex-Olympus Chief Woodford Resigns as Director, Wife Says

Nov. 30 (Bloomberg) -- Ex-Olympus Corp. Chief Executive Officer Michael Woodford resigned as a director of the Tokyo- based camera maker, his wife said in a phone interview. Woodford was fired as president and CEO on Oct. 14 after he confronted the Olympus board about oversized payments made to ...


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  • Chairman Quits as Japan Investigates Olympus


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Police take down Occupy L.A. camp, arrest nearly 300

LOS ANGELES (Reuters) - Police in riot gear and biohazard suits removed anti-Wall Street activists from their camp at Los Angeles City Hall Wednesday, arresting nearly 300 people and fencing off the area. On the East Coast, about 100 Occupy protesters in Philadelphia swiftly and peacefully vacated ...


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More job openings, fewer cuts say two monthly reports - Chicago Su

There was positive news from two employment reports out Wednesday. Private sector employers added 206,000 jobs in November from October, according to payroll processor ADP. Meanwhile, private and public sector employers announced fewer job cuts last month according to Chicago-based outplacement firm ...


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Yahoo Board Leans Toward Selling Minority Stake

Yahoo’s directors are leaning toward selling a minority stake in itself to an investor group instead of selling the company outright, following a meeting of the company’s board on Wednesday, according to people briefed on the matter But that decision could alienate shareholders and leave the ...


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American Airlines wants to reject lease of Kansas City maintenance base

In its bankruptcy court filings, American Airlines is asking that it be let out of its lease at the former Trans World Airlines maintenance base that American acquired in a 2001 merger but later closed. In addition, it is asked the federal bankruptcy court in New York to let it reject its lease on ...


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Nearly 300 arrested in raid on Occupy Los Angeles

Police arrested nearly 300 Occupy LA protesters Wednesday in a pre-dawn raid on their tent camp largely without use of violence. Mayor Antonio Villaraigosa said city leaders, who at first welcomed the protesters on the lawn surrounding City Hall, were determined to clear out the two-month-old camp ...


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Gingrich calls Romney "a great manager"

WASHINGTON (Reuters) - Republican presidential candidate Newt Gingrich expressed surprise at his recent surge in the polls on Wednesday and offered praise for his rivals, calling Mitt Romney a "great manager." Gingrich, a former speaker of the House of Representatives, has gone from an also-ran ...


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Gingrich trails in organizing in early-voting Iowa - AP

Republican presidential candidate Newt Gingrich leads the 2012 pack in buzz but trails his rivals in just about every other category in Iowa. The former House speaker is striving for a remarkable comeback with the smallest staff and the fewest precinct-level campaign backers of the seven candidates ...


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Tuesday 29 November 2011

Samsung scores Australia win vs Apple in patent battle

SYDNEY (Reuters) - An Australian court on Wednesday reversed a ban on the sale of Samsung Electronics Co Ltd's Galaxy tablet computers in the country, handing it a rare victory against rival Apple Inc in the firms' intensifying global patent war. Samsung welcomed the decision, but the ruling does ...


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Analysis: AMR bankruptcy clouds Boeing jet order

(Reuters) - Boeing could be at a disadvantage to Airbus because the bankruptcy of AMR Corp , the parent of American Airlines, places up to $40 billion of jet orders at the mercy of a U.S. bankruptcy court, lawyers and bankruptcy experts said. It faces a lengthy await for confirmation of a key order ...


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In Europe debt crisis, markets and masses wait for Merkel to blink

In the white-knuckle game of chicken that the euro crisis has increasingly become, three players are staring one another down: the markets, the masses and Merkel. As time runs out to save the shared currency and avert global economic pandemonium, the question of who will blink first is likely to ...


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Republican Romney opens fire on rival Gingrich

Republican presidential hopeful Mitt Romney opened fire on surging rival Newt Gingrich on Tuesday, calling him a "lifelong politician" who lacks credibility on how the U.S. economy works. Romney launched his strongest attack to date on the former U.S. House of Representatives speaker, who has been ...


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China’s Stocks Drop on Growth Concern, Set for Monthly Decline

Nov. 30 (Bloomberg) -- China’s stocks fell for the first time in three days, driving the benchmark index towards a monthly loss, on concern exports and industrial output will slump as the economy slows and European demand falters. Baoshan Iron & Steel Co. and Anhui Conch Cement Co., the biggest ...


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Whitman says Apple could overtake HP in 2012: report

Apple could overtake Hewlett-Packard next year as the world's top personal computer maker, HP's chief executive Meg Whitman said in an interview with a French daily to appear on Wednesday. If one includes tablet computers then Apple could overtake HP in 2012, the French-language Figaro daily quotes ...


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Ivory Coast's Gbagbo En Route to Hague

Ivory Coast's former strongman, who nearly dragged his country into civil war in a bid to retain power, is being extradited to the International Criminal Court following the issue of a warrant for his arrest, his spokesman said Tuesday. The ex-president has been under house arrest in the tiny ...


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China expects 48,000 new HIV cases this year

BEIJING (AP) — State media say China will have about 780,000 people infected with the AIDS virus by the end of this year, with most having contracted it through heterosexual sex. The official Xinhua News Agency said Wednesday that a new report from the Ministry of Health and the United Nations ...


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Eurozone ministers try to beef up rescue fund

BRUSSELS - Eurozone ministers offered Greece an euro8 billion ($10.7 billion) Christmas rescue package Tuesday to stem an immediate cash crisis yet failed to resolve fears that the common euro currency might be doomed. The 17 finance ministers insisted they found a veneer of credibility to coat the ...


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Islamists expect gains as Egypt counts votes

Buy Print By Tom Perry and Marwa Awad CAIRO (Reuters) - Egyptians have voted in a parliamentary election that could bring Islamists closer to power, though the army generals who took over from President Hosni Mubarak have yet to step aside. The Muslim ...


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Egypt's ruling military takes credit for big election turnout, successful vote

CAIRO - Egypt's military rulers were quick to take credit Tuesday for a strong turnout in the first elections since Hosni Mubarak's ouster, a vote that appeared to be the country's freest and fairest in living memory. The military did not field candidates in the parliamentary vote. But winning ...


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Home prices drop in September, reversing months of gains

U.S. home prices slipped in September, and more declines are likely as the housing downturn nears its sixth year. Home prices fell 0.6% in September from August and were down 3.6% from September last year, according to Standard & Poor's Case-Shiller home price index of 20 leading U.S. cities ...


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Lehman: 95 pct of creditors back bankruptcy plan

NEW YORK (AP) — Lehman Brothers Holdings Inc. said Tuesday that an overwhelming majority of its creditors support its latest bankruptcy plan. The failed investment bank notified the U.S. Bankruptcy Court for the Southern District of New York that 95 percent of its creditors support the plan and ...


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Europe Ramps Up Rescue Fund, May Turn to IMF

Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for more help after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent. Two years into Europe's sovereign debt crisis ...


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Boeheim getting support from most fans

SYRACUSE, N.Y. (AP) - On the day he got a vote of confidence from his boss, Syracuse coach Jim Boeheim also received plenty of support from fans Tuesday before the fourth-ranked Orange met Eastern Michigan. Longtime assistant coach Bernie Fine was fired Sunday night after a third man came forward in ...


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A rough patch for American

The filing also triggered a flurry of paperwork sure to raise anxiety across South Florida’s large network of American employees and vendors. Foreign and domestic suppliers were instructed how to get on a list to collect money from American, and parent company AMR said it plans to begin labor ...


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Cyber Monday Retail Sales, Mobile Payments Advance From 2010

Nov. 28 (Bloomberg) -- Online retail sales and payments made by mobile phone increased from a year earlier as shoppers flocked to the Web for deals and made purchases via wireless handsets on the first Monday after Thanksgiving. Sales over the Internet increased 15 percent as of 6 p.m. New York time ...


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American Airlines files for bankruptcy

(Reuters) - American Airlines filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened travel demand, capping a prolonged descent for what was once the largest U.S. carrier. AMR Corp, the parent of American Airlines, also filed for bankruptcy and ...


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