World News Center
Asia stocks hit 4-month high as yen slides (Reuters)
September 10, 2010
Reuters - Asian stocks rose to a four-month high on Friday as some investors were inspired by positive U.S. and Japanese economic data to pick out bargains, with the shift to riskier assets weighing on the yen.
Data shows economic recovery still on track (Reuters)
September 10, 2010
Reuters - New U.S. claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.
SEC probing certain investment advisory firms: report (Reuters)
September 10, 2010Reuters - The U.S. securities regulator is investigating investment advisory firms that channel investors' money into hedge funds, the Wall Street Journal reported.
Casey's in buyout talks with 7-Eleven (Reuters)
September 10, 2010Reuters - Casey's General Stores Inc confirmed it was in buyout talks with convenience store operator 7-Eleven, which offered the company $40 per share in cash earlier this month.
U.S. crude jumps on Canada-U.S. pipeline shutdown (Reuters)
September 10, 2010
Reuters - U.S. crude for October jumped to near $75 on Friday after a leak forced Enbridge to shut down the biggest pipeline supplying Canadian oil to refineries in the Midwest and to a key storage hub in Oklahoma.
SEC says proposed Citi settlement is fair (Reuters)
September 10, 2010Reuters - The top securities regulator defended its proposed $75 million settlement with Citigroup , saying the penalty reasonably accounts for the seriousness of the bank's alleged misconduct, according to a document filed in court on Wednesday.
California IOUs not needed this month: controller (Reuters)
September 10, 2010Reuters - California's August revenue came in above a budget forecast and as a result the state will not need to issue IOUs this month, the state controller said on Thursday.
Shoe seller DSW's operator says 2Q profit jumps (AP)
September 10, 2010AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.
Irish bonds rebound, banks hold ground after Anglo (AP)
September 10, 2010AP - Investors welcomed Ireland's plan to split up its most debt-crippled bank, Anglo Irish, by bidding strongly Thursday for government bonds. Ireland's battered bank shares also held their ground.
Mortgage rates edge up; Housing market still slow (AP)
September 10, 2010AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.
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