Monthly Archives: August 2011

Katia now a hurricane; too early to talk threat (AP)

Written on August 31, 2011 by Editor - Top News Stories

WEST PALM BEACH, Fla. – Katia became the second named hurricane of the season in the Atlantic Ocean on Wednesday, but forecasters said it was too soon to determine where it might head. The National Hurricane Center in Miami cautioned … Continue reading →

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WikiLeaks: Breach has exposed unredacted US cables (AP)

Written on August 31, 2011 by Editor - Top News Stories

LONDON – Anti-secrecy group WikiLeaks said Thursday that its massive archive of unredacted U.S. State Department cables had been exposed in a security breach which it blamed on its one-time partner, Britain’s Guardian newspaper. In a 1,600-word-long editorial posted to … Continue reading →

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Obama yields to Boehner’s Sept. 8 speech timing (AP)

Written on August 31, 2011 by Editor - Top News Stories

WASHINGTON – In a retreat after an hours-long test of wills Wednesday, President Barack Obama agreed to deliver an address on jobs and the economy to a joint session of Congress on Sept. 8, yielding to House Speaker John Boehner, … Continue reading →

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UAW Ford workers ready to OK routine strike vote (Reuters)

Written on August 31, 2011 by Editor - Business News

DETROIT (Reuters) – A vote by Ford Motor Co union workers to authorize a strike if negotiations between the United Auto Workers and Ford turn sour is well on its way to passage, union officials said on Wednesday. United Auto … Continue reading →

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Insight: The Bond King, The Pretender, and a job offer (Reuters)

Written on August 31, 2011 by Editor - Business News

NEW YORK (Reuters) – The rivalry between two of the biggest names in the multi-trillion dollar global bond market, Bill Gross and Jeffrey Gundlach, has gotten more than just personal – after one appears to have claimed he was asked … Continue reading →

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Analysis: Lagarde shows independence from Europe as IMF chief (Reuters)

Written on August 31, 2011 by Editor - Business News

WASHINGTON (Reuters) – New IMF chief Christine Lagarde’s call to recapitalize European banks by force struck a nerve among the continent’s Europe’s policymakers and showed she is not afraid to challenge her former peers as many feared she might be. … Continue reading →

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Dodgers beat Padres 4-2 to complete 3-game sweep (AP)

Written on August 31, 2011 by Editor - Sports News

LOS ANGELES – Matt Kemp got his career-high 102nd RBI, Rod Barajas hit a two-run homer and the Los Angeles Dodgers beat the San Diego Padres 4-2 on Wednesday to complete a three-game series sweep. It was the eighth win … Continue reading →

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August sales likely rose despite hurricane (Reuters)

Written on August 31, 2011 by Editor - Business News

NEW YORK (Reuters) – U.S. retailers should report higher monthly sales in August, even though consumer confidence sagged and Hurricane Irene disrupted shopping along the East Coast during a key back-to-school weekend. U.S. chain stores are expected to post a … Continue reading →

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U.S. moves to block AT&T’s purchase of T-Mobile (Reuters)

Written on August 31, 2011 by Editor - Business News

WASHINGTON/NEW YORK (Reuters) – The U.S. government on Wednesday sued to block ATT Inc’s $39 billion purchase of T-Mobile USA, citing concerns it will harm competition in the wireless market and lead to higher prices. The surprise move, which was … Continue reading →

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Insider trading ringleader ‘Octopussy’ apologizes (AP)

Written on August 31, 2011 by Editor - Stock Markets News

NEW YORK – A stock trader nicknamed the Octopussy because he had his hands on so much inside information has told a New York judge before his sentencing that he’s a changed man. Zvi (tsvee) Goffer was convicted in June … Continue reading →

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