BUSINESS News, Jul 10 2011

China June import growth weakest in 20 months Sat,9 Jul 2011 11:36 PM PDT Reuters - BEIJING (Reuters) - China's import growth fell sharply to its slowest pace in 20 months in June in further evidence of the broad impact of monetary tightening on the economy, while a wider trade surplus suggested capital inflows will remain a challenge for authorities. Full Story1   Last phone-hack paper published, Murdoch heads to UK Sat,9 Jul 2011 06:53 PM PDT Reuters - LONDON (Reuters) - The final edition of the newspaper engulfed in a phone-hacking scandal was published on Sunday as Rupert Murdoch headed to London to try to save the bigger prize of his takeover of the British broadcaster BSkyB. Full Story1 Could Murdoch deputy Hinton take the fall? Sat,9 Jul 2011 04:43 PM PDT Reuters - LONDON/NEW YORK (Reuters) - Les Hinton was adamant. Asked in 2007 by a British parliamentary committee whether the News of the World had "carried out a full, rigorous internal inquiry" into the use of illegal phone hacking by the newspaper and was "absolutely convinced" it was limited to a single reporter, Hinton did not hesitate. Full Story1 Tears, cheers and anger at News of the World farewell Sat,9 Jul 2011 03:10 PM PDT Reuters - LONDON (Reuters) - In a moment of celebration tinged with sorrow and no little anger, the staff of Britain's best-selling News of the World tabloid cheered as they left their offices on Saturday for the last time. Full Story1 Church of England threatens to pull News Corp investment Sat,9 Jul 2011 12:58 PM PDT Reuters - LONDON (Reuters) - The Church of England has threatened to pull its $6 million investment in Rupert Murdoch's News Corp over the phone hacking scandal at its News of the World paper. Full Story1 Murdoch says current News Corp. management stands Sat,9 Jul 2011 12:36 PM PDT Reuters - SUN VALLEY, Idaho (Reuters) - Rupert Murdoch, whose News Corp is ensnared in a growing phone-hacking scandal, said on Saturday that key deputy Rebekah Brooks has his full support and no management changes are planned as a result of the scandal. Full Story1 Obama: political sacrifices needed for debt deal Sat,9 Jul 2011 03:40 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama said on Saturday political sacrifices will be needed by both Democrats and Republicans to break a budget impasse and avoid a looming debt default. Full Story1 Recipe for a rally? Beat lowered estimates Sat,9 Jul 2011 01:22 AM PDT Reuters - NEW YORK (Reuters) - Wall Street heads into earnings season next week playing a typical game: Worrying about results a lot, and then rallying on pleasant surprises. Full Story1 Lexus to lose top spot in U.S. luxury car market Fri,8 Jul 2011 11:11 PM PDT Reuters - CHICAGO (Reuters) - Toyota Motor Corp's brand Lexus will end its streak of 11 years as the top luxury brand in the U.S. market due to lost sales in the aftermath of the Japan earthquake and tsunami, said Mark Templin, Lexus Division general manager. Full Story1 Q+A: State of play in debt and deficit talks Fri,8 Jul 2011 11:09 PM PDT Reuters - WASHINGTON (Reuters) - Budget talks between President Barack Obama and top Republicans enter a critical phase this weekend as they try to end a standoff over raising the government's borrowing limit. Full Story1 Murdoch papers treat World's End with tabloid flare Fri,8 Jul 2011 08:22 PM PDT Reuters - LONDON/NEW YORK (Reuters) - Some of Rupert Murdoch's newspapers feasted on Friday on the demise of one of their own -- Britain's News of the World -- serving up headlines such as "World's End" and "Hacked To Death." Full Story1 IPO view: Toys R Us IPO taking shape slowly, now seen in 2012 Fri,8 Jul 2011 08:18 PM PDT Reuters - NEW YORK (Reuters) - Selling Barbie dolls and Hot Wheels to children may prove far easier than hawking Toys R Us to investors. Full Story1 Murdoch hosts film screening amid hacking scandal Fri,8 Jul 2011 07:34 PM PDT Reuters - SUN VALLEY, Idaho (Reuters) - A crisis has erupted at media mogul Rupert Murdoch's London newspapers, but that didn't stop the News Corp. chief executive and his wife, Wendi, from hosting a screening of a new movie co-produced by Mrs. Murdoch. Full Story1 J&J sued over sales deal for oral cancer product Fri,8 Jul 2011 05:44 PM PDT Reuters - (Reuters) - J&J was sued by a company called Oral Cancer Prevention International that claimed the drug major "interfered" with a sales agreement related to the distribution of an oral cancer prevention product to protect sales of its popular mouthwash, Listerine, according to court documents. Full Story1 Three US banks in Illinois, Colorado close: FDIC Fri,8 Jul 2011 05:25 PM PDT Reuters - WASHINGTON (Reuters) - U.S. authorities closed three banks on Friday, bringing the total number of foreclosures in 2011 to 51. Full Story1

 

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

BLOOMBERG News, Jul 10, 2011

Obama faces new obstacles in high-stakes debt talks Reuters - WASHINGTON (Reuters) - President Barack Obama will seek to salvage high-stakes debt talks on Sunday after Republicans pulled back from a joint effort to craft a broad $4 trillion deficit-reduction deal as part of a plan to avoid a government default. Full Story1 Obama grants U.S. recognition of South Sudan Sat,9 Jul 2011 06:35 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama granted U.S. recognition of South Sudan as an independent state after it formally seceded from the north on Saturday. Full Story1 Freshman senator gives Obama debt-limit fits Sat,9 Jul 2011 06:05 AM PDT Reuters - WASHINGTON (Reuters) - As a freshman senator, Republican Pat Toomey punches above his weight in the high-stakes fight over increasing the U.S. debt limit. Full Story1 Obama taps insider as fossil energy chief Fri,8 Jul 2011 08:13 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama has tapped the current chief operating officer at the Energy Department's office of fossil energy to lead the unit as assistant secretary. Full Story1 NY and Connecticut governors push unions on layoffs Fri,8 Jul 2011 04:33 PM PDT Reuters - NEW YORK (Reuters) - Though the governors of New York and Connecticut parted company on some of their budget-fixing strategies, both Democrats are still struggling to persuade their unionized workers to accept cuts. Full Story1 Exclusive: Healthcare tax break on debt talks table Fri,8 Jul 2011 11:52 AM PDT Reuters - WASHINGTON (Reuters) - Limiting the tax break for employer-provided health insurance became a bargaining chip on Friday in congressional negotiations to beat an August 2 deadline for averting a U.S. default. Full Story1 U.S. considers removing all tariffs for poor nations Fri,8 Jul 2011 11:45 AM PDT Reuters - WASHINGTON (Reuters) - The U.S. government said on Friday it is investigating the probable economic effects of eliminating all tariffs and quotas on goods from the world's least-developed countries (LDCs). Full Story1 Analysis: Can Romney capitalize on weak jobs numbers? Fri,8 Jul 2011 11:26 AM PDT Reuters - WASHINGTON (Reuters) - Friday's bleak unemployment report boosts Republicans hoping to oust President Barack Obama from the White House next year, but translating a difficult economy into election results will not be easy. Full Story1 House approves $649 billion for defense in 2012 Fri,8 Jul 2011 11:03 AM PDT Reuters - WASHINGTON (Reuters) - A $649 billion defense spending bill for next year easily passed the House of Representatives on Friday after four days of debate in which war-weary lawmakers sought to curb President Barack Obama's combat operations in Afghanistan and Libya. Full Story1 Democrats back power to block state consumer laws Fri,8 Jul 2011 09:33 AM PDT Reuters - WASHINGTON (Reuters) - Two Democratic senators are defending a top U.S. regulator's power to shield the nation's largest banks from certain state consumer financial laws. Full Story1 Debt limit fight fuels economic uncertainty: Obama Fri,8 Jul 2011 08:41 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama cited gloomy jobs numbers as one more reason lawmakers must strike a deal soon to raise the debt limit, saying the impasse was fueling uncertainty within financial markets and in the business sector. Full Story1 Tea Party leader DeMint says new book is "recruitment tool" Fri,8 Jul 2011 08:40 AM PDT Reuters - CHARLESTON, South Carolina (Reuters) - Tea party kingmaker Senator Jim DeMint said he will use a new book about his lonely campaign to cut government spending and reduce the size of government as a tool to recruit more Americans to his cause. Full Story1 Minnesota shutdown, impasse draws debt downgrade Thu,7 Jul 2011 05:45 PM PDT Reuters - MINNEAPOLIS (Reuters) - Minnesota's government shutdown reached a seventh day on Thursday with no end in sight, and a major debt rating agency stripped the state of its AAA bond rating, citing the budget battle as a reason. Full Story1 China warns U.S. officials not to meet Dalai Lama Thu,7 Jul 2011 04:12 PM PDT Reuters - BEIJING (Reuters) - China's Foreign Ministry warned U.S. officials on Thursday not to meet with visiting exiled spiritual leader the Dalai Lama, saying it hoped Washington "appropriately dealt" with Tibet-related issues. Full Story1 Minnesota shutdown, impasse draws debt downgrade Thu,7 Jul 2011 04:10 PM PDT Reuters - MINNEAPOLIS (Reuters) - Minnesota's government shutdown reached a seventh day on Thursday with no end in sight, and a major debt rating agency stripped the state of its AAA bond rating citing the budget battle as a reason. Full Story1 New York governor pressures union with more layoffs Thu,7 Jul 2011 03:46 PM PDT Reuters - NEW YORK (Reuters) - New York Governor Andrew Cuomo ramped up the pressure on union officials to concede hundreds of millions of dollars in savings on Thursday with the delivery of layoff notices to more than 300 state workers. Full Story1 California credit outlook revised to stable by S&P Thu,7 Jul 2011 03:45 PM PDT Reuters - NEW YORK (Reuters) - Standard & Poor's revised California's credit outlook to stable on Thursday, one of the first significant pieces of good news for U.S. state and local governments as they work their way out of the Great Recession. Full Story1 US trade bills advance but clash clouds future Thu,7 Jul 2011 03:43 PM PDT Reuters - WASHINGTON (Reuters) - U.S. trade deals with South Korea, Colombia and Panama cleared initial hurdles in Congress on Thursday, but a party-line clash over a program to help workers displaced by trade threatened future action. Full Story1 Analysis: Taxes only symbolic in debt talks so far Thu,7 Jul 2011 02:18 PM PDT Reuters - WASHINGTON (Reuters) - Symbolic gestures and agreements in principle, but not substantive reforms, are likely to be the main tax policy result of urgent talks about raising the U.S. debt ceiling. Full Story1 Union campaign spending off sharply in 2011: report Thu,7 Jul 2011 02:03 PM PDT Reuters - WASHINGTON (Reuters) - Donations to federal political candidates by labor unions are down sharply this year, an analysis found on Thursday, in an ominous sign for the Democratic Party heading into next year's elections. Full Story1 Minnesota loses AAA rating on Fitch downgrade Thu,7 Jul 2011 02:00 PM PDT Reuters - NEW YORK (Reuters) - Minnesota lost its top credit rating on Thursday as Fitch Ratings downgraded the state's general obligation bonds one notch to AA-plus, citing the budget impasse. Full Story1 China warns U.S. officials not to meet Dalai Lama Thu,7 Jul 2011 12:57 PM PDT Reuters - BEIJING (Reuters) - China's Foreign Ministry warned U.S. officials on Thursday not to meet with visiting exiled spiritual leader the Dalai Lama, saying it hoped Washington "appropriately dealt" with Tibet-related issues. Full Story1 U.S. ambassador in Hama to support Syria protesters Thu,7 Jul 2011 12:37 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. ambassador to Syria traveled to the restive city of Hama on Thursday to show solidarity with protesters concerned that Syrian security forces ringing the city could stage a new crackdown. Full Story1 Texas Governor Perry likely to run in 2012 Thu,7 Jul 2011 12:32 PM PDT Reuters - AUSTIN, Texas (Reuters) - Among political insiders in the Texas state capital, one thing is considered certain: Governor Rick Perry will jump into the Republican presidential race in the next few weeks. Full Story1 Factbox: Republican Texas Governor Rick Perry Thu,7 Jul 2011 12:11 PM PDT Reuters - (Reuters) - Texas Governor Rick Perry is considering a run for the Republican presidential nomination in 2012. Full Story1 Senate deal would axe $6 billion ethanol tax credit Thu,7 Jul 2011 10:46 AM PDT Reuters - WASHINGTON (Reuters) - Three senators reached a deal on Thursday to repeal the $6 billion per year ethanol tax credit by the end of July, an agreement that must still be passed by Congress. Full Story1 Obama expects "bottom lines" on debt limit on Sunday Thu,7 Jul 2011 10:38 AM PDT Reuters - WASHINGTON (Reuters) - Congressional leaders are still far apart on a wide range of budget issues but agree on the need to raise the debt ceiling, and will meet again in three days, President Barack Obama said on Thursday. Full Story1 Tax reform on the table in debt talks: Boehner Thu,7 Jul 2011 07:37 AM PDT Reuters - WASHINGTON (Reuters) - Comprehensive tax reform that would close breaks and lower rates for businesses and individuals is under discussion in budget talks, House of Representatives Speaker John Boehner said on Thursday. Full Story1 Cantor says hopes both sides can come together on debt Thu,7 Jul 2011 05:38 AM PDT Reuters - WASHINGTON (Reuters) - House of Representatives Republican leader Eric Cantor said on Thursday he believed "both sides can come together" to reduce the debt. Full Story1 China warns U.S. officials not to meet Dalai Lama Thu,7 Jul 2011 02:47 AM PDT Reuters - BEIJING (Reuters) - China's Foreign Ministry warned U.S. officials on Thursday not to meet with visiting exiled spiritual leader the Dalai Lama, saying it hoped Washington "appropriately dealt" with Tibet-related issues. Full Story1 Varney to step down as top antitrust official Thu,7 Jul 2011 02:06 AM PDT Reuters - WASHINGTON (Reuters) - Christine Varney, the top antitrust official in the U.S. Justice Department, is stepping down, the department said on Wednesday. Full Story1 Democrats challenge Obama's Afghan withdrawal plan Wed,6 Jul 2011 09:35 PM PDT Reuters - WASHINGTON (Reuters) - Democratic lawmakers fed up with the lingering war in Afghanistan launched a new challenge to President Barack Obama's plan for a measured U.S. troop withdrawal over the next year as they resumed debate on Wednesday on a $649 billion defense spending bill. Full Story1 Minnesota governor offers ideas, Republicans balk Wed,6 Jul 2011 06:48 PM PDT Reuters - MINNEAPOLIS (Reuters) - Minnesota's Democratic Governor Mark Dayton offered two tax proposals on Wednesday to end a budget impasse that has shut down the government, but Republicans rejected the ideas as a step backward. Full Story1 Deal to end 45-cent ethanol credit seen this week Wed,6 Jul 2011 04:06 PM PDT Reuters - WASHINGTON (Reuters) - Three U.S. senators working on a framework to replace the $6 billion a year ethanol tax credit with far less costly incentives could strike a deal as soon as Thursday, Senate and industry sources said. Full Story1 Obama tweets for the first time, tweaks Republicans Wed,6 Jul 2011 02:04 PM PDT Reuters - WASHINGTON (Reuters) - U.S. President Barack Obama took to Twitter on Wednesday to press his economic agenda, using the popular social media site to tweak Republicans and advocate for a deal to reduce the deficit. Full Story1 Senate panel to try again to move trade deals Wed,6 Jul 2011 01:59 PM PDT Reuters - WASHINGTON (Reuters) - Senate Finance Committee Chairman Max Baucus said on Wednesday the panel would try to restart action on Thursday on three long-delayed free trade deals, after Republicans boycotted talks over a program to help workers displaced by trade. Full Story1 U.S. firearms head admits Mexico gun sting mistakes Wed,6 Jul 2011 12:43 PM PDT Reuters - WASHINGTON (Reuters) - The acting head of the U.S. firearms agency admitted during secret talks at Congress that mistakes were made in a botched operation to track the illegal movement of guns to Mexico, lawmakers said on Wednesday. Full Story1 Analysis: Easing economy will offer some respite to Obama Wed,6 Jul 2011 12:28 PM PDT Reuters - WASHINGTON (Reuters) - Signs of economic improvement could bolster President Barack Obama's re-election hopes as he tries to beat back Republican attacks over his failure to create enough jobs. Full Story1 Obama changes protocol on troop suicides Wed,6 Jul 2011 12:25 PM PDT Reuters - WASHINGTON (Reuters) - Announcing a change of protocol, President Barack Obama said on Wednesday he would write condolence letters to families of military personnel who take their own lives in combat zones. Full Story1 Obama: debt debate not a weapon for tax breaks Wed,6 Jul 2011 11:50 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama said on Wednesday the debate over raising the debt ceiling should not be used as a gun against the heads of American people in an effort to secure tax breaks. Full Story1

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