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 Reuters: Campbell Soup profit beats Street but sales light
CHICAGO (Reuters) - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.
Reuters: Obama says to address new economic ideas next week
WASHINGTON (Reuters) - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.
Reuters: Walgreen same-store sales miss expectations
CHICAGO (Reuters) - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.
Reuters: Madoff investors win $12.74 mln in Merkin case
NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.
Reuters: Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea
DETROIT/SEOUL (Reuters) - Kia Motors said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires.
 Yahoo!: Obama says to address new economic ideas next week (Reuters)
Reuters - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.
Yahoo!: Ex-hedge fund manager charged with insider trading (Reuters)
Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc.
Yahoo!: Top Obama critic blasts 'job-killing' policies (AFP)
AFP - President Barack Obama should fire his top economic advisers and quit his "job-killing" policies, the top House Republican said after US unemployment jumped to 9.6 percent in August.
Yahoo!: Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)
AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
BusinessWeek: Recession Concerns Ease on Private Job Growth
Companies in the U.S. added more jobs than forecast in August, easing concern the economy is sliding back into a recession
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CMDB improves operating costs & security - Sponsored Link
Jobs report in spotlight
VIX May Retreat Below 20 After Jobs Report, MKM Says
Ferrari recalls 1,248 supercars after fires
August jobs report takes center stage
Burger King Call Option Trading Surged Before Takeover Offer
Earl downgraded
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·Stocks rally as jobs data spurs optimism
NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
·Payrolls data offer ray of hope for recovery
WASHINGTON (Reuters) - Employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
·Campbell Soup profit beats Street but sales light
CHICAGO (Reuters) - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.
·China tells state companies to explore Potash bid
TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
·Obama says to address new economic ideas next week
WASHINGTON (Reuters) - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.
·Walgreen same-store sales miss expectations
CHICAGO (Reuters) - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.
·Madoff investors win $12.74 mln in Merkin case
NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.
·Petrobras to sell $65 billion stock in record offer
RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- sending its stock sharply higher after months of uncertainty that dragged on its share price.
·Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea
DETROIT/SEOUL (Reuters) - Kia Motors said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires.
·BP says failed blowout preventer off Gulf well
HOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.
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·Stocks rally as jobs data spurs optimism (Reuters)
Reuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
·Payrolls data offer ray of hope for recovery (Reuters)
Reuters - Employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
·Campbell Soup profit beats Street but sales light (Reuters)
Reuters- Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.
·China tells state companies to explore Potash bid (Reuters)
Reuters - Chinese officials have ordered state companies to meet investmentbankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
·Obama says to address new economic ideas next week (Reuters)
Reuters - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.
·Ex-hedge fund manager charged with insider trading (Reuters)
Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc.
·Top Obama critic blasts 'job-killing' policies (AFP)
AFP - President Barack Obama should fire his top economic advisers and quit his "job-killing" policies, the top House Republican said after US unemployment jumped to 9.6 percent in August.
·Campbell reports Q4 profit rise on better margins (AP)
AP - Summer is rarely a hot sales season for Campbell Soup Co., and this years sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.
·Experts see trouble ahead for developed world (AP)
AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.
·Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)
AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
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·Recession Concerns Ease on Private Job Growth
Companies in the U.S. added more jobs than forecast in August, easing concern the economy is sliding back into a recession
·Too Early to ‘Declare Victory’ as Housing Revives, Donovan Says
The housing market is showing progress two years after the credit crunch drove down home prices, though it’s too soon to “declare victory,” Housing and Urban Development Secretary Shaun Donovan said.
·Intel Wants to Be Inside Everything
Intel is counting on its Atom embedded processors to help break its dependence on the slowing PC market
·The EPA's Power Play
Agency chief Lisa Jackson is using her authority under the Clean Air Act to control carbon emissions
·Business Exchange: Carbon Markets
·Hard Times for Wall Street's 'Sell Night' Recruits
In the post-TARP era, "sell night," the Street's annual August ritual of hosting steak dinners and strip-club expeditions, is over
·Wall Street Hiring Jumps as Guaranteed Bonuses Return
Leverage is back on Wall Street -- and this time it’s the bankers who have it.
·Earl Upsets Travels, Weakens, on Way to New England
Hurricane Earl, weakening as it moves north toward New England and Canada, disrupted air and rail travel and lashed North Carolina’s Outer Banks with wind and rain.
·Petrobras Plans to Raise $75 Billion in Biggest Sale
Petroleo Brasileiro SA, Latin America’s largest company by market value, plans to raise as much as 129 billion reais ($75 billion) in the world’s largest share sale as it seeks cash to develop offshore oil fields. The shares rose 4.4 percent for the biggest gain since May.
·UPS Freighter Crashes on Takeoff in Dubai, Kills Two
A United Parcel Service Inc. cargo plane crashed near Dubai’s airport, killing both pilots, after the crew said there was a fire in the cockpit.
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