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Business

China's president fires back at currency critics

The Associated Press - Foster Klug - ‎1 hour ago‎
TORONTO - Chinese President Hu Jintao fired back Sunday at critics of his currency policy by warning that wildly fluctuating currency exchange rates can threaten financial markets.

Senator's concern may complicate Wall Street bill vote

Reuters - Jonathan Ernst - ‎40 minutes ago‎
House Financial Services Committee Chairman Barney Frank (D-MA) (C) talks with a group including Ranking Member Spencer Bachus (R-AL) (L) during a recess from a committee conference on Wall Street reform to hammer out sweeping changes in financial ...

Florida to try new methods for keeping oil from shore, Alex no longer posing ...

MiamiHerald.com - Daniel Chang, David Ovalle - ‎1 hour ago‎
As the Atlantic's first tropical storm fizzled to a depression and posed little threat to oil spill recovery efforts in the Gulf of Mexico, Florida Gov.

With rates this low, a primer on refinancing

msnbc.com - ‎28 minutes ago‎
by AP Do the lowest mortgage rates since the mid-1950s mean it's a good time to refinance your home loan? That depends mainly on what rate you have now - and whether you're planning to move anytime soon.

Boeing Machinists Accept Contract Offer, Won't Strike

BusinessWeek - Will Daley - ‎1 hour ago‎
June 27 (Bloomberg) -- Boeing Co. machinists at a St. Louis fighter-jet plant won't strike tomorrow after voting today to accept a proposed contract.
Machinists union OKs Boeing contract St. Louis Business Journal

Slick business: Oily Panhandle fuels a boom in east coast scuba charters

Palm Beach Post - Laura Green - ‎59 minutes ago‎
John Dickinson rarely feels guilty when business is good, but lately his good fortune has come as a loss to someone else. The owner of Scuba Works in Jupiter bets half of his clients are coming from Florida's west coast or the Panhandle, ...

How will 787's new materials fare in a crash landing?

Seattle Times - Dominic Gates - ‎13 hours ago‎
Boeing's new 787, the first airliner built largely from carbon fiber infused with epoxy resin, won't behave like a traditional metal airplane in a crash landing.

G-20 Moves Toward Tackling Deficits, With Flexibility

BusinessWeek - Sandrine Rastello, Tony Czuczka - ‎2 hours ago‎
(Updates with pledges from emerging markets in fourth paragraph. See {GMEET } for more on the G-8 and G-20 summits.) By Sandrine Rastello and Tony Czuczka June 27 (Bloomberg) -- Group of 20 leaders are poised to endorse targets to tackle deficits, ...

Venezuela eyes offers for Caribbean drilling-PDVSA

Reuters - Deist Buitrago, Frank Jack Daniel - ‎Jun 26, 2010‎
CARACAS June 26 (Reuters) - Venezuela is studying offers to restart drilling at an offshore natural gas well in the Caribbean Sea after an exploration platform sank there last month, the country's state-run oil company PDVSA said on Saturday, ...

Mortgage Bond Prices Rise to 'Insane' Records: Credit Markets

BusinessWeek - Jody Shenn - ‎Jun 24, 2010‎
June 24 (Bloomberg) -- Mortgage securities with US-backed guarantees are trading at record high prices on speculation homeowner refinancing will fail to accelerate and as supply of the bonds remains limited.
Fannie Wields a Stick Wall Street Journal

Kellogg recalls breakfast cereals over taste, smell

Reuters - Nivedita Bhattacharjee, Lisa Baertlein - ‎Jun 26, 2010‎
NEW YORK (Reuters) - Foul smells from some Kellogg Co breakfast cereals prompted the world's largest cereal maker to voluntarily pull millions of packages from store shelves around the United States.

Toyota recalls Lexus HS 250h hybrid, halts sales

Los Angeles Times - Ken Bensinger, Ralph Vartabedian - ‎Jun 26, 2010‎
After government tests show the hybrid could leak fuel in a rear-end collision, Toyota stops all sales and recalls 17000 sedans, including 4000 at dealerships.

US Growth Is Revised Downward, to 2.7%

New York Times - ‎Jun 25, 2010‎
By AP WASHINGTON (AP) - The government lowered its estimate of how much the economy grew in the first quarter of 2010, noting that consumers spent less than it previously thought.

Court Rules; Patronage May Benefit

New York Times - Dan Mihalopoulos - ‎17 hours ago‎
City Hall was literally abuzz most of the week with talk of dozens of new Wal-Mart stores across Chicago, with demonstrators blowing World Cup-style vuvuzela horns to express their desire for jobs.

Why China's currency has two names

BBC News - Stephen Mulvey - ‎Jun 26, 2010‎
China has indicated that it will allow its currency to appreciate - following months of pressure from the US. Some refer to the currency as the yuan, others call it the renminbi.

Taiwan Pledges Further China Trade Talks

Wall Street Journal - ‎2 hours ago‎
By TING-I TSAI TAIPEI—A senior Taiwan official pledged to press ahead with talks on deepening trade and investment links with China, brushing aside demonstrations by tens of thousands of opposition supporters demanding a referendum on an issue that ...

First National Bank of Savannah shut down

Bizjournals.com - ‎Jun 26, 2010‎
The Savannah Bank will assume all of the deposits of First National Bank. The four branches of First National Bank will reopen on Monday as branches of The Savannah Bank.

In Face of Worker Unrest, Chinese Regime Launches 'Strike-Hard' Campaign

The Epoch Times - Cheryl Chen, Jane Lin - ‎11 hours ago‎
By Cheryl Chen & Jane Lin Hundreds of Honda workers in Foshan, Guangdong went on strike on May 17. (The Epoch Times Photo Archive) A wave of strikes in Chinese factories recently has highlighted the lack of authentic rights for Chinese workers and ...
China OK with strikes Press-Enterprise

G-20 close to setting deficit-reduction goals

MarketWatch - ‎2 hours ago‎
By MarketWatch Economic reports, earnings reports and passage of financial-reform legislation could add to market's volatility.

Welfare recipients withdrew $1.8 million at California gambling site ATMs

Fresno Bee - Kevin Yamamura - ‎1 hour ago‎
Welfare recipients withdrew $1.8 million from California casinos and card rooms between October and May, the Department of Social Services said Thursday.

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