World News Center
Stocks rise on economic hopes ahead of payrolls (Reuters)
September 3, 2010
Reuters - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.
China approached Canadian fund on rival Potash bid (Reuters)
September 3, 2010
Reuters - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer.
Heavy in dollars, China warns of depreciation (Reuters)
September 3, 2010Reuters - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
Payrolls seen falling, private hiring tepid (Reuters)
September 3, 2010
Reuters - U.S. employment likely fell for a third straight month in August as more temporary census jobs ended and cautious businesses scaled back hiring, an outcome that could pressure the Federal Reserve to prop up growth.
BP Gulf of Mexico oil spill costs hit $8 billion (Reuters)
September 3, 2010Reuters - BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was two weeks away from sealing the well for good.
Some BofA shareholders can apply to tap $150M fund (AP)
September 3, 2010
AP - Investors who lost money when Bank of America Corp. bought Merrill Lynch without disclosing Merrill's problems can start applying to tap a $150 million compensation fund.
Oil prices rise after mixed economic news (AP)
September 3, 2010
AP - Oil prices ended higher Thursday after an initial retreat as investors put a positive spin on reports about jobs, manufacturing and home sales.
Take-Two posts profit, raises outlook (Reuters)
September 3, 2010Reuters - Video game maker Take-Two Interactive Inc on Thursday smashed Wall Street expectations for its fiscal third quarter and raised its forecast for the current fourth quarter, citing strong sales for its "Red Dead Redemption" title.
EU reaches deal on cross-border financial supervisors (AFP)
September 3, 2010
AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector blamed for the global recession.
5 Tax Moves to Make Now (U.S. News & World Report)
September 3, 2010U.S. News & World Report - It may seem a bit strange to be talking about income taxes in September. There are, however, good reasons to think about taxes well before April 15. For starters, there are some big changes in the tax code that go into effect in 2011. Depending on your income tax bracket and investments, some simple planning now could save you a bundle later.
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