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Jul 24, 2011

BUSINESS News, Jul 24 2011

Mike Davis, A.D. Davis Construction, and Paulette Hudson, ARC TLC, accepted the award in April.   Contributed photo
Japan plans $128 bln in reconstruction bonds: Nikkei
Sat,23 Jul 2011 07:24 PM PDT
Reuters - TOKYO (Reuters) - The Japanese government plans to issue 10 trillion yen ($128 billion) in reconstruction bonds and cut spending by 3 trillion yen to pay for more projects to rebuild the devastated northeast, the Nikkei business daily reported on Sunday. Full Story
Theron, Stewart square off in new "Snow White"
Sat,23 Jul 2011 06:20 PM PDT
Reuters - (Warning: Strong language used in paragraph 4) Full Story
BSkyB chair James Murdoch backed by investor Odey
Sat,23 Jul 2011 03:33 PM PDT
Reuters - LONDON (Reuters) - A leading investor in BSkyB said he backs James Murdoch staying as chairman of the pay-TV firm despite politicians questioning his suitability, the Telegraph newspaper web site reported on Saturday. Full Story
"Terra Nova" seeks to satisfy TV fan bloodlust
Sat,23 Jul 2011 02:24 PM PDT
Reuters - SAN DIEGO (TheWrap) - Rest assured -- when the Fox television network premieres the pricey time-travel drama "Terra Nova" on September 26, there will be carnage.Full Story
Colin Farrell, coming and going, at Comic-Con
Sat,23 Jul 2011 02:23 PM PDT
Reuters - SAN DIEGO (TheWrap) - Comic-Con first-timer Colin Farrell did double takes and rewinds during multiple presentations for his films "Fright Night 3D" and "Total Recall" at the annual geek convention. Full Story
Thomson Reuters' Markets head Wenig to leave
Sat,23 Jul 2011 10:14 AM PDT
Reuters - NEW YORK (Reuters) - Thomson Reuters Corp said Markets division head Devin Wenig is leaving the company and that it is reorganizing the unit, where growth has been "somewhat slower than anticipated" in the second quarter. Full Story
Greek deal won't mean austerity for France: finance minister
Sat,23 Jul 2011 05:31 AM PDT
Reuters - PARIS (Reuters) - France will not need to introduce austerity measures in response to increased debt exposure from the euro zone's new rescue plan for Greece, its finance minister said on Saturday. Full Story
Paramount Pictures halts screenings in Venezuela
Fri,22 Jul 2011 06:05 PM PDT
Reuters - CARACAS (Reuters) - Paramount Pictures, a unit of Viacom Inc, said on Friday it was temporarily halting the screening of its new movies in Venezuela, but gave no details or explanation. Full Story
Wall Street, companies brace for the worst: a U.S. default
Fri,22 Jul 2011 04:49 PM PDT
Reuters -
photoNEW YORK (Reuters) - American businesses, from Wall Streetbanks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation's top AAA credit rating.
Lehman trustee appeals $1.1 billion win for Barclays
Fri,22 Jul 2011 03:51 PM PDT
Reuters - NEW YORK (Reuters) - The bankruptcy trustee for Lehman Brothers Holdings Inc's brokerage arm is appealing a February decision awarding Barclays PLC about $1.1 billion associated with Barclays' purchase of Lehman's North American unit at the height of the financial crisis. Full Story
Feeling the heat on debt, earnings
Fri,22 Jul 2011 03:20 PM PDT
Reuters -
photoNEW YORK (Reuters) - New York City may be frying in near record temperatures but Wall Street has been feeling the heat for months. Wrangling over the debt ceiling and questions marks over corporate earnings mean markets are unlikely to get a break any time soon.
TSX hits near 7-week high on commodity price jump
Fri,22 Jul 2011 02:47 PM PDT
Reuters -
photoTORONTO (Reuters) - Toronto's main stock index closed at its highest level in nearly seven weeks on Friday, as mining and energy company shares rallied on stronger commodity prices.
Loonie retreats from 3.5-year high on soft CPI data
Fri,22 Jul 2011 02:39 PM PDT
Reuters -
photoTORONTO (Reuters) - Canada's dollar finished lower against the greenback on Friday after Canadian inflation data for June came in surprisingly tamely, trimming expectations that interest rates will rise later this year.
Schwab shops modestly but sees E*Trade's potential
Fri,22 Jul 2011 02:22 PM PDT
Reuters - TORONTO (Reuters) - Charles Schwab Corp is limiting itself to looking at modest acquisitions at the moment but does see the consolidation opportunity that would arise if discount broker E*Trade were to put itself up for sale, Chief Executive Walt Bettinger said on Friday. Full Story
Earnings, hope for debt deal brighten Wall Street
Fri,22 Jul 2011 01:37 PM PDT
Reuters -
photoNEW YORK (Reuters) - Investors poured into tech shares on Friday as promising chipmaker earnings and optimism that a solution was on the horizon for the U.S. debt stalemate triggered a move into growth-oriented shares.

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