BUSINESS News, Jul 20, 2011

Tech, U.S. debt progress lifts stocks; euro dips Tue,19 Jul 2011 10:47 PM PDT Reuters - HONG KONG (Reuters) - Asian shares rose on hopes that an 11th-hour deal in U.S. debt talks would avert a rapidly approaching default while blowout results from Apple lifted the tech sector which is likely to extend gains into European trading as well. Full Story   UAW says "transplant" deal possible in 2011 Tue,19 Jul 2011 07:08 PM PDT Reuters - DETROIT (Reuters) - The United Auto Workers is talking with "a lot of" foreign automakers about representing their U.S. plants' hourly workers and could see a deal by year end, top union officials said. Full Story Fed's Hoenig: growth to continue at modest pace Tue,19 Jul 2011 07:06 PM PDT Reuters - KANSAS CITY, Missouri (Reuters) - A top Federal Reserve official said on Thursday the U.S. economy should grow at a modest pace for the next several years, but issued a harsh criticism of the U.S. central bank's just-concluded bond buying program. Full Story AMR to vote on Boeing/Airbus split order: sources Tue,19 Jul 2011 06:10 PM PDT Reuters - CHICAGO/PARIS (Reuters) - American Airlines' board of directors was to vote overnight on an aircraft order potentially worth more than $20 billion and split between Boeing Co and Airbus , sources said on Tuesday. Full Story "Harry Potter" series made over $1.6 billion in disc sales Tue,19 Jul 2011 06:03 PM PDT Reuters - LOS ANGELES (TheWrap) - "Harry Potter" is cinematic gold bullion. Full Story Lockheed Martin puts in place voluntary layoff program Tue,19 Jul 2011 06:02 PM PDT Reuters - (Reuters) - Lockheed Martin Corp , the Pentagon's No. 1 defense supplier by sales, put in place a voluntary layoff program for its corporate headquarters and enterprise business services employees. Full Story Producers Guild Sticks with 10 Best Picture nominees Tue,19 Jul 2011 05:57 PM PDT Reuters - LOS ANGELES (TheWrap) - The Producers Guild of America followed the Academy's lead in expanding its best picture category from five to 10 nominees in 2009, but they've decided not to go along with the Academy's recent move to a variable number of nominees. Full Story "The Closer" grabs 6.5 million viewers Monday night Tue,19 Jul 2011 05:55 PM PDT Reuters - LOS ANGELES (TheWrap) - TNT reported strong Monday ratings for its series "The Closer" and "Rizzoli & Isles" on Tuesday, while HBO's "Curb Your Enthusiasm" continued to grow after last week's impressive season premiere. Full Story Judge says Toyota can appeal ruling in lawsuit Tue,19 Jul 2011 05:46 PM PDT Reuters - NEW YORK (Reuters) - A federal judge ruled on Tuesday that Toyota Motor Corp lawyers could appeal a previous ruling allowing consumers without sudden-acceleration claims to join litigation before a Santa Ana, California, court. Full Story Apple smashes Street views, shares soar Tue,19 Jul 2011 04:48 PM PDT Reuters - SAN FRANCISCO (Reuters) - Blockbuster sales of the iPhone and strong Asian business again helped Apple Inc crush Wall Street's expectations, driving its shares up more than 7 percent to record highs. Full Story Apple directors talked CEO job with recruiters: report Tue,19 Jul 2011 04:41 PM PDT Reuters - LOS ANGELES (Reuters) - Several Apple Inc board members have discussed a successor to CEO Steve Jobs since the Silicon Valleyicon went on medical leave in January, and have discussed it with at least one head of a high-profile tech company, the Wall StreetJournal reported on Tuesday. Full Story Instant view: Apple revenue again blows past expectations Tue,19 Jul 2011 04:29 PM PDT Reuters - NEW YORK (Reuters) - Apple Inc posted quarterly revenue that once again blew past analyst expectations in a quarter fueled by swift sales of iPhones and iPads. Full Story Factbox: Apple shares scale new heights, top $400 Tue,19 Jul 2011 04:29 PM PDT Reuters - NEW YORK (Reuters) - Apple Inc shares are rallying in after-market activity following its strong earnings report and are poised to break $400 on Wednesday, which would be an all-time high for the stock. Full Story Baidu in landmark deal with record labels Tue,19 Jul 2011 04:14 PM PDT Reuters - SHANGHAI (Reuters) - Baidu Inc, China's largest search engine, has agreed with top music studios to distribute licensed songs through its mp3 search service, ending a legal dispute over accusations the company encouraged piracy. Full Story Chipotle profit misses as food, legal costs weigh Tue,19 Jul 2011 04:11 PM PDT Reuters - LOS ANGELES (Reuters) - Chipotle Mexican Grill's quarterly profit missed expectations for only the second time in its history after margins were hurt by higher food prices and legal costs related to a federal probe of illegal immigrant hiring. Full Story

email: info@als-alexander.org or interalex2@gmail.com