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| Yahoo! News: Business News |
Regulators shut banks in NY, Florida, Louisiana
(AP)
Fri, 12 Mar 2010 23:37:14 GMT
AP - Regulators on Friday shut down banks in New York, Florida and Louisiana, raising to 30 the number of failures this year of federally insured banks.
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Stocks end mixed after mixed economic reports
(AP)
Fri, 12 Mar 2010 23:07:03 GMT
AP - Mixed economic reports held the stock market to only modest moves Friday but gains for the week were strong.
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2 months after Haiti quake, housing still elusive
(AP)
Fri, 12 Mar 2010 23:13:10 GMT
AP - Trash and sewage are piling up at the squalid tent camps that hundreds of thousands have called home since Haiti's devastating earthquake — and with torrential rains expected any day, authorities are not even close to providing the shelters they promised.
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WaMu reaches settlement with JPMorgan, FDIC
(AP)
Fri, 12 Mar 2010 22:07:09 GMT AP - Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a WaMu attorney said Friday. |
UBS says IRS has 20 Swiss banks in its sights
(AP)
Fri, 12 Mar 2010 18:56:49 GMT
AP - Embattled UBS AG has warned that Switzerland's financial industry is at risk unless lawmakers approve a tax treaty with the U.S., and that other Swiss banks may be next to face pressure from American regulators.
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Retail sales show surprising gain in February
(AP)
Fri, 12 Mar 2010 21:30:48 GMT
AP - Retail sales posted a surprising increase in February as consumers refused to let snowstorms stop them from stepping up purchases for everything from clothes to appliances. The improvement provided hope that the recovery from the Great Recession is gaining momentum.
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European stock markets gain ground
(AFP)
Fri, 12 Mar 2010 11:58:28 GMT
AFP - Europe's main stock markets rose Friday as investors awaited crucial economic data and tracked US attempts to rein in the banking sector, dealers said.
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Young war veterans returning home to unemployment
(AP)
Fri, 12 Mar 2010 21:09:28 GMT AP - The unemployment rate last year for young Iraq and Afghanistan veterans hit 21.1 percent, the Labor Department said Friday, reflecting a tough obstacle combat veterans face as they make the transition home from war. |
QAD shares slide after 4th-quarter revenue drops
(AP)
Fri, 12 Mar 2010 22:39:31 GMT AP - Shares of QAD Inc. sank Friday after the business software provider reported a drop in fourth-quarter revenue and predicted another drop for the first quarter. |
EU ministers to map out Greek rescue plan
(AFP)
Fri, 12 Mar 2010 18:18:41 GMT
AFP - Detailed options for concrete European-level financial support to help Greece out of its debt crisis will be presented to eurozone finance ministers next week, sources said Friday.
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Democrats look to resurrect college aid plan
(AP)
Fri, 12 Mar 2010 22:05:38 GMT AP - Congressional Democrats want a stalled overhaul of college aid programs to get strapped onto a fast-track health care bill, giving both Obama administration priorities a better chance of passage. |
Slow financial regulatory reform irks industry
(Reuters)
Fri, 12 Mar 2010 19:54:36 GMT Reuters - The pace of financial regulatory reform remains slow even as the global economy struggles to recover from a crisis that many say was caused by inadequacies in the current system, attendees at an annual financial conference said this week. |
Business Highlights
(AP)
Fri, 12 Mar 2010 22:54:46 GMT AP - Retail sales show surprising gain in February |
Runaway Prius case presents nagging questions
(AP)
Fri, 12 Mar 2010 23:36:23 GMT
AP - Investigators are confronted with a series of nagging questions as they try to unravel the case of a California real estate agent who said his Toyota Prius turned into a runaway death trap after the gas pedal became stuck.
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Oil-Dri board approves additional share buy-backs
(AP)
Fri, 12 Mar 2010 22:45:48 GMT AP - Cat litter maker Oil-Dri Corp. of America said Friday its board approved the repurchase of 250,000 more shares and declared a quarterly dividend on common and Class B shares. |
Hot pursuit: Competition heats up for police cars
(AP)
Fri, 12 Mar 2010 22:58:51 GMT AP - Ford Motor Co. wants to remain the top gun in the U.S. police car market with a new cruiser due out next year, but its competitors are in hot pursuit. |
Why MBAs are Going East
(BusinessWeek)
Fri, 12 Mar 2010 13:08:45 GMT BusinessWeek - James Tsai is the sort of MBA corporate recruiters covet. He went to a good prep school, earned a degree with honors from Middlebury College, and made vice-president in Bank of America's (bac.) international wealth management group at the age of 26. Today, Tsai is about to graduate, straight A's in hand, from Northwestern's Kellogg School of Management, a top-rated program in America. And he's hustling to land his first post-MBA job -- in China. |

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| Word of the day |
Merriam-Webster's Word of the Day for March 12, 2010 is:
sub rosa \sub-ROH-zuh\ adverb
: in confidence : secretly
Example sentence:
The private investigator met sub rosa with his client to show her photos of her husband rendezvousing at various local establishments with another woman.
Did you know?
"Sub rosa" literally means "under the rose" in New Latin. Since ancient times, the rose has often been associated with secrecy. In ancient mythology, Cupid gave a rose to Harpocrates, the god of silence, to keep him from telling about the indiscretions of Venus. Ceilings of dining rooms have been decorated with carvings of roses, reportedly to remind guests that what was said at the table should be kept confidential. Roses have also been placed over confessionals as a symbol of the confidentiality of confession. "Sub rosa" entered the English language in the 17th century, and even before then, people were using the English version, "under the rose." Earlier still, "unter der Rose" was apparently used in Germany, where the phrase is thought to have originated.
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