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Yahoo! News: Business News Thu, 11 Mar 2010 02:40:29 GMT
  • Spike in Prius complaints may not be all it seems (AP)   - 

    A 2005 Toyota Prius, which was in an accident, is seen at a police station in Harrison, New York, Wednesday, March 10, 2010. The driver of the Toyota Prius told police that the car accelerated on its own, then lurched down a driveway, across a road and into a stone wall.(AP Photo/Seth Wenig)AP - Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals in the popular hybrid.


  • Mexico's Slim becomes 'world's richest' person (AP)   - 

    FILE - In this Nov. 18, 2008 file photo, Mexican businessman Carlos Slim visits the Museo Alameda where some of his personal art collection is on display in San Antonio. On March 10, 2010, Forbes announced that Slim claims the title of world's richest person with a net worth of $53.5 billion. (AP Photo/Eric Gay, File)AP - Mexican telecom tycoon Carlos Slim is the world's richest person, jumping past Americans Bill Gates and Warren Buffett to become the first person from a developing nation to top the list, according to Forbes magazine.


  • China inflation accelerates in February (AP)   - AP - China's inflation spiked higher in February, raising the chances that Beijing might need to cool the recovery in the world's third-largest economy.
  • Asian stocks tick higher after US stays in a lull (AP)   - 

    People walk on Wall Street, Tuesday, March 9, 2010, in New York. Investors are continuing to search for direction Wednesday, March 10, after two days of relatively flat trading. Stock futures are narrowly mixed.(AP Photo/Mark Lennihan)AP - Asian markets inched higher early Thursday amid mixed economic news and after U.S. stocks closed with small gains following a report that companies cut their inventories.


  • US Senate adopts aid for unemployed (AFP)   - 

    A job fair takes place in New York City. The US Senate has adopted a 140-billion-dollar raft of measures aimed at shoring up unemployment benefits and setting out tax breaks to spur job creation.(AFP/Getty Images/File/Spencer Platt)AFP - The US Senate has adopted a 140-billion-dollar raft of measures aimed at shoring up unemployment benefits and setting out tax breaks to spur job creation.


  • Senate passes jobless aid, business tax breaks (AP)   - 

    Sen. Charles Schumer, D-N.Y., left, listens as Sen. Benjamin Cardin, D-Md., speaks during a news conference on Capitol Hill in Washington, Wednesday, March 10, 2010, to discuss the Democrats jobs agenda. (AP Photo/Harry Hamburg)AP - The Senate voted Wednesday to extend key pieces of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor.


  • Kroger, Ruby Tuesday, UAL are big movers (AP)   - AP - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
  • Okla.'s jobless rate continues to improve in Jan. (AP)   - AP - Oklahoma's jobless rate declined to 6.7 percent in January.
  • Hill International 4th-quarter profit rises (AP)   - AP - Construction consultant Hill International Inc. said Wednesday that its fourth-quarter profit more than doubled as revenue from its project management and construction claims units rose and selling, general and administrative expenses fell.
  • Britain confronts debt of Greek proportions (AP)   - 

    Britain's Prime Minister Gordon Brown makes a major economical speech in London Wednesday March 10, 2010. Britain's economic recovery remains fragile, Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks. (AP Photo/ Charlie Bibby/Financial Times/Pool)AP - Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes. The unions are on edge. And the currency is plummeting.


  • Quinn seeks income tax hike for schools (AP)   - 

    Illinois Gov. Pat Quinn delivers his State of the Budget address to a joint session of the Illinois General Assembly on the House floor at the Illinois State Capitol in Springfield, Ill., Wednesday, March 10, 2010. (AP Photo/Seth Perlman)AP - Calling himself a realist, Gov. Pat Quinn on Wednesday scaled back his proposal to raise income taxes, shifting to a call for an increase of just one percentage point to be used solely for preventing deep cuts to education.


  • US views Doha framework as 'not satisfactory': lawmaker (AFP)   - 

    The United States is unhappy with the current framework of the Doha Round of negotiations to forge a global trade accord, Sander Levin, the Democratic chairman of the powerful House of Representatives Ways and Means Committee, said Wednesday after talks with WTO chief Pascal Lamy.(AFP/Getty Images/File/Win Mcnamee)AFP - The United States is unhappy with the current framework of the Doha Round of negotiations to forge a global trade accord, a key lawmaker said Wednesday after talks with WTO chief Pascal Lamy.


  • Wal-Mart spent $1.78 million lobbying in 4Q (AP)   - AP - Wal-Mart Stores Inc., the world's largest retailer, spent nearly $1.78 million lobbying in the fourth quarter on a wide range of issues from health care reform to organized crime and food safety issues, according to a recent disclosure report.
  • Home loan demand nudges higher in latest week (Reuters)   - 

    An arrow points down in the window of a branch of Northern Rock in London March 10, 2010. Nationalised mortgage lender Northern Rock's headline losses shrank in 2009, helped by rising net interest income and lower loan losses in the second half, though it said loan writedowns would stay high in 2010. REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS) POLITICS)Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.


  • ND oil rig count tops 100 (AP)   - AP - The number of rigs piercing North Dakota's oil patch has topped 100 for the first time in nearly three decades, the state Department of Mineral Resources said Wednesday.
  • GM CEO says U.S. will make money on bailout (Reuters)   - Reuters - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday.
  • Real Estate's Link to the Small Business Credit Crunch (BusinessWeek)   - BusinessWeek - It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares poorly with mid-2000, when nine of every 10 companies seeking credit received it. While there is broad agreement that a small business credit problem exists, there is less consensus about its causes. ...
 
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