Business News - Rick McFeeters


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9/2/2010 7:23 PM

BP Says Limits on Drilling Imperil Oil Spill Payouts
New York Times
BP is warning Congress that if lawmakers pass legislation that bars the company from getting new offshore drilling permits, it may not have the money to pay for all the damages caused by its oil spill in the Gulf ...
Mariner Platform Blast May Extend Deep-Water Drilling BanBloomberg
Shallow-water platform fire raises wider questions on oil safetyWashington Post
Rigs Drill for Oil; Platforms Pump ItWall Street Journal
Los Angeles Times -USA Today -Reuters
all 4,450 news articles »

9/2/2010 9:29 PM

HP Outbids Dell for Data Storage Company
New York Times
By BLOOMBERG NEWS Hewlett-Packard offered to buy 3Par, a maker of storage systems, for about $2.3 billion, ending an 18-day bidding war with Dell. Dell declined to match HP's $33-a-share offer, Dave Johnson, Dell senior vice president for corporate ...
Some 3PAR Traders Left Holding the BagWall Street Journal
Hewlett-Packard wins bidding war for 3ParLos Angeles Times
Dell's enterprise challenge remains after 3ParThe Associated Press
Bloomberg -TheStreet.com -CNBC
all 1,794 news articles »

9/2/2010 7:42 PM

Burger King Agrees to $4 Billion Private Equity Offer
New York Times
Burger King agreed on Thursday to sell itself to an investment firm with roots in Brazil in a deal valued at $4 billion, including the assumption of debt. A Burger King in Glenview, Ill. This is the second buyout of the ...
Burger King Bounds Higher On TakeoverForbes
Fitch cuts rating for Burger King on buyout dealBusinessWeek
Burger King Agrees to $3.3 Billion 3G Capital OfferBloomberg
San Francisco Chronicle -Reuters -The Associated Press
all 1,477 news articles »

9/2/2010 9:49 PM

Yuan Rises Most in Two Weeks as Dollar Weakens on Signs Recovery on Track
Bloomberg
By Bloomberg News - Fri Sep 03 02:35:35 GMT 2010 The yuan rose the most in more than two weeks after the dollar fell against the euro and Asian currencies on signs the global economic recovery is on track. The People's Bank of China set the reference ...
Heavy in dollars, China warns of depreciationReuters
Chinese c.bank sets yuan mid-point at 6.7973International Business Times
China Dlr-Yuan Parity Set Higher At 6.7973; +0.33% Y/YIMarketnews.com
Wall Street Journal -Business Times (subscription) -People's Daily Online
all 36 news articles »

9/2/2010 7:46 PM

Retail sales, home contracts rise modestly
Washington Post
Americans have not lost their will to spend, according to a modest and surprising bump in retail sales last month and the number of contracts signed by home buyers in July. Retailers reported that sales at stores open more than a year ...
Index of pending home sales rises 5.2%Los Angeles Times
Pending home sales riseSan Francisco Chronicle
Economic Data Damp Down Fears of New RecessionABC News
Forbes -The Associated Press -The Atlantic
all 355 news articles »

9/2/2010 9:32 PM

9/2/2010 8:52 PM

Bernanke Says He Failed to See Financial Flaws
New York Times
WASHINGTON — Ben S. Bernanke, who told Congress in 2007 that the subprime mortgage crisis was “likely to be contained,” said Thursday that he had failed to recognize flaws in the financial system that amplified the housing downturn and ...
Regulators fell short in identifying and addressing problems, Bernanke saysWashington Post
Bernanke EmpoweredBloomberg
Bernanke Says Disruptions More Damaging Than Subprime, Hits MMFsCrane Data LLC
ABC News -Financial Times -Los Angeles Times
all 1,584 news articles »

9/2/2010 3:28 PM

Power plants, residents weigh in on coal ash plan
BusinessWeek
More than 100 speakers signed up to comment Thursday on whether the Environmental Protection Agency should regulate the disposal of coal ash under rules for hazardous waste. Several power producers told the EPA that such regulation ...
The EPA's new gas-mileage labels are good but not perfectWashington Post
US EPA has "big role" in reducing carbon emissionsFOXBusiness
EPA Considering Proposal to Regulate Coal AshNewsinferno.com
Ghana News Agency -Houston Chronicle -Ithaca Journal
all 171 news articles »

9/2/2010 8:12 PM

White House considers pre-midterm package of business tax breaks to spur hiring
Washington Post
These leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. By Anne E. Kornblut and Lori Montgomery With just two months until the November elections, the White House is seriously weighing a package ...
Democratic Salvage PlanWall Street Journal
More Dems buck plan to let taxes increase for richThe Associated Press
US Should Put Growth Ahead of Deficit Cuts, Economists SayBloomberg
CNNMoney -New York Times (blog) -CNBC
all 425 news articles »

9/2/2010 9:41 PM