Today: BUSINESS News, Jul 11, 2011

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Jul 11, 2011

BUSINESS News, Jul 11, 2011

British government lawyers look to block BSkyB bid: report
Sun,10 Jul 2011 11:45 PM PDT
Reuters -
photoLONDON (Reuters) - British government lawyers are drawing up plans to block Rupert Murdoch's bid to buy out the broadcaster BSkyB, the Independent newspaper said on Monday -- a move that could spare Prime Minister David Cameron a potentially damaging parliamentary vote.
Saudi prince says no change in News Corp investment
Sun,10 Jul 2011 11:17 PM PDT
Reuters - DUBAI (Reuters) - Saudi billionaire Prince Alwaleed bin Talal said on Sundaythere would be no change in his Kingdom Holding's investment in News Corp. Full Story1
News Corp's Rebekah Brooks arrives at Murdoch's London flat
Sun,10 Jul 2011 11:17 PM PDT
Reuters - LONDON (Reuters) - Rebekah Brooks, the chief executive of News Corp's crisis-hit British newspaper arm, arrived at the London residence of Chief Executive Rupert Murdoch on Sunday, according to a Reuters reporter at the scene. Full Story1
China's Wen says inflation top priority, more tightening seen
Sun,10 Jul 2011 11:14 PM PDT
Reuters - SHANGHAI/BEIJING (Reuters) - Fighting inflation remains the top priority for the Chinese government and Beijing will maintain its current economic policy, Premier Wen Jiabao said in comments published on Monday, reinforcing the case for further policy tightening. Full Story1
Taxes still a stumbling block in debt talks
Sun,10 Jul 2011 10:22 PM PDT
Reuters -
photoWASHINGTON (Reuters) - After months of effort, President Barack Obama and congressional Republicans are right back where they started as they try to avert a looming debt default: arguing over taxes.
China to punish local officials for excessive debts: report
Sun,10 Jul 2011 10:17 PM PDT
Reuters - BEIJING (Reuters) - China will link local officials' performance appraisals to the level of debt held by local governments, state media reported Monday, an apparent move to cap borrowing and address worries that possible defaults could damage China's economy.Full Story1
photoSINGAPORE (Reuters) - Asia's emerging market central banks will need to keep ratcheting up interest rates well after inflation peaks to prevent higher prices from seeping into corners of the economy where they are much harder to dislodge.
Obama, lawmakers meet for 1 1/2 hours on debt impasse
Sun,10 Jul 2011 04:58 PM PDT
Reuters -
photoWASHINGTON (Reuters) - U.S. President Barack Obama sought on Sunday to break an impasse with Republicans on deficit reduction and avert a potentially catastrophic debt default that could reverberate globally.
UK government lawyers in plan to block BSkyB bid: paper
Sun,10 Jul 2011 04:16 PM PDT
Reuters - LONDON (Reuters) - British government lawyers are drawing up a plan to block Rupert Murdoch's bid for the pay-TV operator BSkyB, the Independent newspaper reported on Monday. Full Story1
BSkyB under pressure as politics hijack merger
Sun,10 Jul 2011 01:57 PM PDT
Reuters -
photoLONDON (Reuters) - BSkyB shares will be under pressure again in the coming week after a weekend in which politicians ramped up their rhetoric to derail a proposed $14 billion takeover by U.S. media conglomerate News Corp .
Pressure mounts on UK government to halt Murdoch/BSkyB deal
Sun,10 Jul 2011 12:34 PM PDT
Reuters -
photoLONDON (Reuters) - Prime Minister David Cameron came under growing pressure Sunday to halt Rupert Murdoch's bid for pay-TV operator BSkyB, at least until an investigation into phone-hacking at the media magnate's newspapers has been completed.
Hurdles abound in global recovery
Sun,10 Jul 2011 12:02 PM PDT
Reuters -
photoNEW YORK (Reuters) - A dismal U.S. jobs report. A European debt crisis for which there is no quick fix. Slowing growth in China.
Murdoch meets UK executive embroiled in scandal
Sun,10 Jul 2011 11:52 AM PDT
Reuters -
photoLONDON (Reuters) - Media baron Rupert Murdoch flew into London on Sunday to tackle a phone-hacking scandal that has sent tremors through the British political establishment and may cost him a multi-billion dollar broadcasting deal.
Where was SEC as trouble festered at Chinese companies?
Sun,10 Jul 2011 11:24 AM PDT
Reuters - NEW YORK (Reuters) - Alarmed by widening accounting debacles at U.S.-listed Chinese companies, American regulators are scrambling to stem the damage from gaps in laws adopted to protect investors after the Enron scandal a decade ago. Full Story1
Italy scrambles to soothe market jitters
Sun,10 Jul 2011 10:10 AM PDT
Reuters - ROME (Reuters) - Italy's government scrambled to present a united front and defend the embattled economy minister on Sunday, hoping to soothe market fears that triggered a sell-off in Italian stocks and bonds last week. Full Story1

 

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