Today: BUSINESS News, Jun 25, 2011

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Jun 25, 2011

BUSINESS News, Jun 25, 2011

Madoff trustee triples JPMorgan suit to $19 billion
Fri,24 Jun 2011 06:15 PM PDT
Reuters -
photoNEW YORK (Reuters) - The trustee seeking money for Bernard Madoff's victims is now demanding $19 billion in damages fromJPMorgan Chase & Co, more than tripling what he hopes to recover from what had been the main bank for the now-imprisoned Ponzi schemer.
Bulls ready to charge into a wall of worry
Fri,24 Jun 2011 05:27 PM PDT
Reuters -
photoNEW YORK (Reuters) - A bounce could be in the cards for stocks next week as bulls defend a key technical level and managers buy the quarter's winners to prop up their books.
Google investors fear long battle against Feds
Fri,24 Jun 2011 05:01 PM PDT
Reuters -
photoWASHINGTON/SAN FRANCISCO (Reuters) - Larry Page should put in a call to Bill Gates.
Madoff trustee seeks $19 billion from JPMorgan
Fri,24 Jun 2011 04:29 PM PDT
Reuters -
photoNEW YORK (Reuters) - The trustee seeking money for Bernard Madoff's victims is now seeking $19 billion from JPMorgan Chase & Co, tripling the amount he hopes to recover from what was once the imprisoned Ponzi schemer's main bank.
Bulls ready to charge into a wall of worry
Fri,24 Jun 2011 03:57 PM PDT
Reuters -
photoNEW YORK (Reuters) - A bounce could be the cards for stocks next week as bulls defend a key technical level and managers buy the quarter's winners to prop up their books.
Google investors fear long battle against feds
Fri,24 Jun 2011 03:53 PM PDT
Reuters -
photoWASHINGTON/SAN FRANCISCO (Reuters) - Larry Page should put in a call to Bill Gates.
Maple's TMX bid seen holding regulatory edge
Fri,24 Jun 2011 03:21 PM PDT
Reuters - TORONTO (Reuters) - A Canadian offer to buy the TMX Group may have the regulatory edge over a friendly London Stock Exchange bid that has the pro-Canada lobby up in arms. Full Story1
Niko fined C$9.5 illion for Bangladeshi bribes
Fri,24 Jun 2011 03:03 PM PDT
Reuters - CALGARY, Alberta (Reuters) - Niko Resources Ltd , a Canadian oil and gas producer operating in Asia, was fined C$9.5 million ($9.6 million) and given three years' probation after pleading guilty to charges that it bribed a Bangladeshi official. Full Story1
Data points to underlying factory strength
Fri,24 Jun 2011 03:01 PM PDT
Reuters -
photoWASHINGTON (Reuters) - New orders for U.S. manufactured goods and a gauge of business spending plans rose in May, easing fears of a sharp slowdown in factory activity.
Geithner: Europe must do more on debt crisis
Fri,24 Jun 2011 03:01 PM PDT
Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Fridaythat Europe needs to step up efforts to deal with the debt crisis in Greece and other parts of the continent. Full Story1
Citi director Grundhofer resigns from board
Fri,24 Jun 2011 02:47 PM PDT
Reuters - CHARLOTTE, North Carolina (Reuters) - Citigroup Inc director Jerry Grundhoferresigned from the New York bank's board, the company announced on Friday. Full Story1
James Spader may join "The Office" as new boss
Fri,24 Jun 2011 01:45 PM PDT
Reuters -
photoLOS ANGELES (Hollywood Reporter) - "The Office" is close to naming a new boss. According to sources, James Spader is finalizing a deal to become a series regular on U.S. network NBC's top-rated comedy.
Wall Street sinks on Europe's debt misery
Fri,24 Jun 2011 01:35 PM PDT
Reuters -
photoNEW YORK (Reuters) - Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value.
Brent falls as euro zone woes, dollar pressure
Fri,24 Jun 2011 01:11 PM PDT
Reuters -
photoNEW YORK (Reuters) - Brent crude prices fell 2 percent on Friday as Europe's debt problems and a dollar index rebound extended oil's decline a day after consuming nations announced they were tapping strategic reserves.
Paul Reubens on his forthcoming Pee-wee Herman movie
Fri,24 Jun 2011 12:40 PM PDT
Reuters -
photoLOS ANGELES (Hollywood Reporter) - Paul Reubens, back in bowtie for U.S. cable network HBO's Emmy awards contender "The Pee-wee Herman Show on Broadway," explains why his stage show is only now Emmy-eligible and where his script for Judd Apatow's forthcoming movie script for "Pee-wee" is.

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