S&P 500 falls 1 percent on euro bank worries (Reuters)
September 7th, 2010 09:16:08 CDT -0500

Reuters - Wall Street dropped on Tuesday, with the S&P 500 briefly falling 1 percent, after reports on the European banking system reignited concerns about the financial stability of the region.

HSBC Chairman Green to step down (Reuters)
September 7th, 2010 09:44:36 CDT -0500

Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC said its chairman is leaving to go into government.

Google to start TV service in U.S. this autumn (Reuters)
September 7th, 2010 09:37:11 CDT -0500
Reuters - 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.

Coke Enterprises raises earnings forecast (Reuters)
September 7th, 2010 10:10:12 CDT -0500
Reuters - Coca-Cola Enterprises Inc raised its full-year earnings forecast on Tuesday, helped by improving sales trends in North America.

Oracle hires HP's former chief Mark Hurd (Reuters)
September 7th, 2010 08:32:23 CDT -0500

Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.

SEC reaches settlement with ex-Qwest CEO Nacchio (AP)
September 3rd, 2010 20:31:37 CDT -0500
AP - The Securities and Exchange Commission has reached a settlement in its civil lawsuit against former Qwest CEO Joseph Nacchio.

Obama to propose plant, equipment tax write-off (Reuters)
September 6th, 2010 20:27:47 CDT -0500
Reuters - President Barack Obama will propose on Wednesday that businesses be allowed to write off all their new investments in plant and equipment through 2011, an administration official said on Monday.

Campbell reports Q4 profit rise on better margins (AP)
September 3rd, 2010 15:48:36 CDT -0500

AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.

EU sets up new watchdogs as bank tax row simmers (Reuters)
September 7th, 2010 10:35:17 CDT -0500

Reuters - European Union finance ministers agreed on Tuesday to a sweeping overhaul of how the bloc's financial industry is policed, but remained locked in dispute over the taxation of banking and trading.

AIG seeks Sept 21 approval for AIA IPO: sources (Reuters)
September 7th, 2010 05:32:36 CDT -0500
Reuters - 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.

EU OKs new financial supervision deal (AP)
September 7th, 2010 08:16:49 CDT -0500

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.

Venezuela OKs payment for French retailer Casino (Reuters)
September 4th, 2010 16:09:56 CDT -0500
Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.

Gov't launches plan to help "underwater" borrowers (AP)
September 7th, 2010 10:17:14 CDT -0500
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)
September 7th, 2010 10:36:58 CDT -0500

AP - Motorists should see pump prices slide again after they spending a little more to fill their tanks over the Labor Day weekend.

Imam behind NYC mosque back in US after Gulf trip (AP)
September 7th, 2010 07:51:00 CDT -0500

AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.

Ohio auto parts plant blast hurts 9 near Toledo (AP)
September 7th, 2010 08:58:08 CDT -0500
AP - An explosion at an auto parts plant in northern Ohio has injured nine people.

The Treasury's New Research Office (BusinessWeek)
September 7th, 2010 07:08:41 CDT -0500
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. ...