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Todays Top Business News
From around the world and across the street.
•Swedish bank Carnegie buys troubled competitor
by By MALIN RISING
7 minutes ago
By MALIN RISING 2010-09-03T11:57:51Z STOCKHOLM (AP) -- Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week....
[From AP Top Business News At 7:46 a.m. EDT]
•Payrolls seen falling, private hiring tepid
17 minutes ago
WASHINGTON (Reuters) - U.S. employment likely fell for a third straight month in August as more temporary census jobs ended and cautious businesses scaled back hiring, an outcome that could pressure the Federal Reserve to prop up growth.
[From Reuters: Business News]
•Stock futures mixed ahead of jobs report
by By STEPHEN BERNARD
18 minutes ago
By STEPHEN BERNARD 2010-09-03T11:46:31Z NEW YORK (AP) -- Stock futures traded in a tight range Friday as investors cautiously approached the government's monthly employment report....
[From AP Top Business News At 7:46 a.m. EDT]
•Some flooding on NC Outer Banks as Earl passes
by By MIKE BAKER
22 minutes ago
By MIKE BAKER 2010-09-03T11:42:22Z BUXTON, N.C. (AP) -- Hurricane Earl roared past the North Carolina Outer Banks early Friday, flooding some parts of the narrow vacation islands and knocking out electricity before driving north at the start of at least 24 hours of stormy, windy weather along the East Coast....
[From AP Top Business News At 7:46 a.m. EDT]
•China approached Canadian fund on rival Potash bid
23 minutes ago
MELBOURNE/TORONTO (Reuters) - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer.
[From Reuters: Business News]
•Banks admit better disclosure on bonuses needed
33 minutes ago
LONDON (Reuters) - Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers after making progress in other areas of reforming pay structures.
[From Reuters: Business News]
•Goldcorp to buy Andean Resources for $3.42 billion
50 minutes ago
By 2010-09-03T11:14:36Z NEW YORK (AP) -- Canada's Goldcorp Inc. says it has agreed to buy Andean Resources Ltd. for about 3.6 billion Canadian dollars ($3.42 billion)....
[From AP Top Business News At 7:46 a.m. EDT]
•BP says cost of Gulf of Mexico spill hits $8B
1 hour ago
By 2010-09-03T11:02:49Z LONDON (AP) -- BP says it has so far spent $8 billion responding to the disastrous oil well blowout in the Gulf of Mexico....
[From AP Top Business News At 7:46 a.m. EDT]
•Former egg farm workers say complaints ignored
by By MICHAEL J. CRUMB
1 hour ago
By MICHAEL J. CRUMB 2010-09-03T10:47:30Z DES MOINES, Iowa (AP) -- U.S. Agriculture Department employees worked full-time at two Iowa egg farms at the center of a salmonella outbreak and massive recall, but two former workers said they ignored complaints about conditions at one site....
[From AP Top Business News At 7:46 a.m. EDT]
•Latest Gulf oil rig problem differs from BP spill
by By ALAN SAYRE
1 hour ago
By ALAN SAYRE 2010-09-03T10:47:09Z NEW ORLEANS (AP) -- Stark differences exist between the oil platform fire in the Gulf of Mexico and the blast that led to the massive BP spill. Most notably, no one was killed and no crude was gushing into the water, but the distinctions don't end there....
[From AP Top Business News At 7:46 a.m. EDT]
•Jobs report may show rise in unemployment rate
by By CHRISTOPHER S. RUGABER
1 hour ago
By CHRISTOPHER S. RUGABER 2010-09-03T10:47:03Z WASHINGTON (AP) -- The unemployment rate may be about to rise again....
[From AP Top Business News At 7:46 a.m. EDT]
•Brazil oil firm Petrobras plans $65 billion stock sale
1 hour ago
RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan.
[From Reuters: Business News]
•Service sector spotlight shines on Germany, China
1 hour ago
LONDON (Reuters) - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States.
[From Reuters: Business News]
•Canada's Goldcorp to buy Andean for $3.4 billion
2 hours ago
SYDNEY (Reuters) - Canada's Goldcorp Inc agreed to buy Argentina-focused gold miner Andean Resources Ltd for C$3.6 billion ($3.4 billion), trumping a competing offer from rival Eldorado Gold Corp.
[From Reuters: Business News]
•BP oil spill costs hit $8 billion as ends rig probe
3 hours ago
LONDON (Reuters) - BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.
[From Reuters: Business News]
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