Wall Street opens up with Europe (Reuters)

Traders work on the floor of the New York Stock Exchange, September 7, 2010. Wall Street fell on Tuesday after reports on the European banking system reignited concerns about the financial stability of the region. REUTERS/Brendan McDermidReuters - Stocks rose at the open on Wednesday, tracking European stocks up and ahead of Federal Reserve comments on the state of the economy.
BP shifts U.S. oil spill blame onto contractors (Reuters)
Reuters - BP shifted much of the blame for a rig blast that led to the United States' worst-ever oil spill onto its contractors Transocean and Halliburton.
Obama pitches road spending, tax incentives in Ohio (Reuters)

US President Barack Obama, seen here on September 1, is traveling to Cleveland, Ohio, in a personal challenge to Republican House of Representatives leader John Boehner, who used a recent visit to the city to demand the president sack his top economic aides.(AFP/File/Chris Kleponis)Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.
HSBC faces thorny issues in hunt for new chairman (Reuters)
Reuters - For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman.
Foster's knocks back $2.5 billion offer for wine (Reuters)

A six pack of Fosters beer is displayed in the fridge at a liquor store in Melbourne September 8, 2010. REUTERS/Mick TsikasReuters - Foster's Group Ltd , Australia's largest brewer, rejected a private equity offer worth up to $2.5 billion for its wine business as too cheap, sending its shares up as much as 6 percent on hopes of higher bids.
FTSE 100 closes lower (AFP)

London shares declined on Tuesday with weaknesses in the US market taking effect as Wall Street traders returned from a long holiday weekend.(AFP/File/Carl de Souza)AFP - London shares declined on Tuesday with weaknesses in the US market taking effect as Wall Street traders returned from a long holiday weekend.
Reid blames Bush, Wall Street for sick economy (AP)
AP - Senate Majority Leader Harry Reid knows who's to blame for the sickly economy. And it's not him.
Talbots returns to 2Q profit, offers weak outlook (AP)
AP - Women's clothing seller The Talbots Inc. returned to a profit in the fiscal second quarter as the company cut costs to offset slightly lower revenue.
Swisscom to delist troubled Italian unit Fastweb (AP)
AP - Swisscom AG announced Wednesday it will buy all outstanding shares in its Italian telecoms unit Fastweb SpA, which has been rocked by a money-laundering probe, for a total of euro256 million ($326 million).
Mortgage lending down 1.5 pct as rates inch up (AP)
AP - Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades.
Summary Box: Worried investors turn to gold (AP)
AP - SEEKING SAFETY: Gold settled at a record high Tuesday as more worries resurfaced about European banks and the global economy.
Tight inventories hurt Talbots sales (Reuters)

A woman walks by the Talbot's store in Broomfield, Colorado September 9, 2009. REUTERS/Rick WilkingReuters - Women's clothing retailer Talbots Inc posted lower-than-expected quarterly sales and its shares fell 11.6 percent as efforts to keep inventory lean and preserve margins left it short of items to sell.
1    2    Next