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SydneySun.com Friday 3rd September 2010 Volume 0246/8
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Wall Street continues upward trendWall Street continues upward trend
The Dow Jones rose more than 100 points Friday, the third day of gains for the key...


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Sexual harassment claims lead to big settlement in USSexual harassment claims lead to big settlement in US
A $5.8 million sexual harassment settlement will be paid by a building maintenance firm in the...
Large-sized Mini to hit the streetsLarge-sized Mini to hit the streets
The Mini family is about to get a new member with the upsized Countryman...
Accident claim ends with Ford paying restitutionAccident claim ends with Ford paying restitution
A Mississippi court has heard that the Ford Motor Co will pay $130 million over an accident that occurred in a Ford...
Royal Mail introduces electronic stampRoyal Mail introduces electronic stamp
Britain’s royal Mail has sold its first "intelligent"...
Jewish survivors say French Railway should lose US bidJewish survivors say French Railway should lose US bid
Holocaust survivors and the families in the US have objected strongly to a French Railway bid for high-Speed tracks in Florida, which will eventually connect Tampa and...
Cold winter was good for GazpromCold winter was good for Gazprom
The cold winter in the first three months of the year has boosted the profits of Russia’s...
Galaxy becomes competitor to iPadGalaxy becomes competitor to iPad
Samsung has unveiled its likely competitor to the Apple...
iPod nano has multi-touch interfaceiPod nano has multi-touch interface
Apple has come up with a new iPod nano with a multi-touch...
Burger King may be selling outBurger King may be selling out
Talks with potential buyers have reportedly been held by Burger King, the American fast food...
American and British Airways to coordinate frequent flyer American and British Airways to coordinate frequent flyer
American Airlines, British Airways and Iberia have been discussing how they will work together now that European regulators have allowed them to...
Harley, union reach proposed labor agreement
MILWAUKEE - Harley-Davidson Inc. and its union leaders have reached a proposed labor agreement that would keep manufacturing operations and about 1,340 jobs in Wisconsin. The company declined to...
Delta flight attendants union vote set
An election to decide whether more than 20,000 flight attendants for Delta Air Lines will be unionized has been scheduled for nearly five weeks beginning Sept. 29, the National Mediation Board said...
Harley, union agree on labor proposal that could help keep operations, 1,340 jobs in Wis.
MILWAUKEE - Harley-Davidson Inc. and its union leaders have reached a proposed labor agreement that would keep manufacturing operations and about 1,340 jobs in Wisconsin. The company declined to...
Obama planning new package of economic aid
President Barack Obama reports on the economy as the latest unemployment figures are released, Friday, Sept. 3, 2010, in the Rose Garden at the White House in Washington. (AP Photo/J. Scott...
Dollar slides after jobs report tops forecast
NEW YOK -- The dollar slid Friday after a government report on jobs was not as bad as many market watchers had feared, helping assuage fears of another downturn in the U.S.The better-than-expected...
Judge OKs Kodak's settlement of race-based lawsuit
ROCHESTER, N.Y. -- A federal judge has approved Eastman Kodak Co.'s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored for pay and...
Goldman to shutter principal strategies unit
NEW YORK (MarketWatch) -- Goldman Sachs & Co. has decided to shutter its principal strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by...
Energy Stocks: BP, Mariner Energy rise with energy stocks
NEW YORK (MarketWatch) -- Energy stocks rose Friday on the heels of the monthly U.S. jobs report, while BP shares shrugged off the oil giant's disclosure that costs associated with the Deepwater...
Crocs steps back from the brink of business oblivion
The sudden turnaround at Crocs Inc after management changes shows that the world never stopped loving its ugly – but comfy – plastic shoes. Photograph: Alex Segre/Rex...
Wal-Mart Spends Money Now To Make More Later
The current Trefis stock price estimate for Wal-Mart is $65.42 , about 28% higher than the current market price of around $50. Reasons for our bullish outlook include Wal-Mart’s rapid...
H&R Block Climbs as CEO Says Mortgage Claims ‘Better’
Sept. 3 (Bloomberg) -- H&R Block Inc., the tax preparer whose stock slid 18 percent last month, told investors to ignore speculation that it faces a surge in costs tied to its defunct mortgage...
Medtronic to Seek ‘Opportunistic’ Deals, CEO Says
Sept. 3 (Bloomberg) -- Medtronic Inc., the world’s largest heart-device maker, will be “opportunistic” in seeking acquisitions of as much as $1 billion to restore sales growth,...
Petrobras Plans to Raise $75 Billion in Biggest Sale
Sept. 3 (Bloomberg) -- Petroleo Brasileiro SA, Latin America’s largest company by market value, plans to raise as much as 129 billion reais ($75 billion) in the world’s largest share sale...
Goldman Sachs Said to Be Closing Principal Strategies
Sept. 3 (Bloomberg) -- Goldman Sachs Group Inc. is shutting its principal-strategies business, a group that makes bets with the firm’s own capital, to comply with new U.S. rules aimed at...
Celldex Plunges After Pfizer Ends Cancer Vaccine Pact
Sept. 3 (Bloomberg) -- Pfizer Inc. is pulling out of an agreement with Celldex Therapeutics Inc. to fund the development of an experimental brain tumor vaccine. Celldex shares fell the most in almost...
Merkin Investors Awarded $12.7 Million in Madoff Case
Sept. 3 (Bloomberg) -- Investors in J. Ezra Merkin’s Gabriel Capital LP, a feeder fund for Ponzi schemer Bernard Madoff, were awarded about $12.7 million by a panel of...
Stocks Extend September Rally After Jobs Report
The Dow Jones industrial average jumped 128 points Friday, its fourth straight day of gains. The strong start to September marked a turnaround from a dismal performance in August. A better report...
Oil Settles Below $75 After Jobs Report
NEW YORK (AP) ― Oil prices retreated Friday after a closely watched U.S. employment report threw cold water over future energy demand from the world's largest...
Judge OKs Kodak's Settlement Of Race-Based Lawsuit
ROCHESTER, N.Y. (AP) ― A federal judge has approved Eastman Kodak Co.'s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored...
'India is a core strategic market for StanChart'
Mumbai Marathon and the global economy. Excerpts: The US 10-year rate recently jumped from 2.5% to 8%. How do you explain this disconnect? Some economists are trying to explain imbalances which would...
'Infosys open to foreigner as chief'
Narayana Murthy on Friday said the company is open to a foreigner becoming his successor. ''Well, given that we have a significant percentage of foreign holdings in Infosys, I don't think it should...
Truck rentals dip 5-7% in Aug, 1st fall in 9 mths
truck rentals witnessed a fall by 5-7% on major trunk routes. Since October 2009, the truck rentals saw a cumulative rise of nearly 25%, before the decline in August. This fall is attributed to...
I failed to foresee crisis: Bernanke
subprime mortgage crisis was likely to be contained, said on Thursday that he had failed to recognize flaws in the financial system that amplified the housing downturn and led to an economic...
Experts see trouble ahead for developed world
Israeli President Shimon Peres, center, arrives for the ‘Intelligence on the World, Europe, and Italy’ economic forum, at Villa d’Este, in Cernobbio, on Lake Como, Italy, Friday. Experts at the...
Strength in temporary jobs a welcome sign
NEW YORK — One of the strongest signs yet that the U.S. jobs picture is brightening is the persistent rise in temporary employment. This leading indicator of future U.S. employment growth is...
UN calls meeting on rising food prices
ROME — A U.N. food agency has called a special meeting on the recent spike in food prices in response to concerns of a repeat of the shortages that led to riots in parts of the world two years...
Mayo Vs. Citi, M&A Madness - Week in Review
signed a $1.4 billion deal Monday to buy Infineon’s wireless segment , in a move that could help boost its presence in the smartphone sector.  Infineon is a Germany-based company that...
Continental To Recall 132 Furloughed Pilots
Continental Airlines said Friday that the carrier plans to recall more than 100 furloughed pilots over the next 18 months. Capt. Jay Pierce, chairman of Continental's pilot unit of the Air Line...
Oil Settles Lower But Keeps Above $74 a Barrel
SAN FRANCISCO -- Crude-oil futures declined Friday, as a better-than-expected jobs report wasn't enough to give prices a long-standing lift. Oil for October delivery declined 42 cents, or 0.6%, to...
Goldman to close principal strategies desk-report
Goldman Sachs Group Incis closing its principal strategies desk as it works to complywith new U.S. rules on proprietary trading, Bloomberg Newsreported Friday. The report, citing two people with...
FOREX-Dollar falls vs euro, higher-yielding currencies
* U.S. service sector activity growth slows in August (Updates prices, adds quotes, details, changes byline) By Aleksandra Michalska NEW YORK (Reuters) - The U.S. dollar fell againstmost foreign...
ANALYSIS-Obama running out of options to aid housing market
By Corbett B. Daly WASHINGTON (Reuters) - A further downturn in thebattered U.S. housing market has put the Obama administrationin a tough spot with few tools to...
US EQUITIES WEEK AHEAD: Market Awaits Trade Data; Labor Day
Dow Jones )- A handful of apparel and retail companies will report quarterly results next week, with many expected to post improved sales. High unemployment, worries about the housing market and...
Petrobras to sell $65 bln stock in record offer
By Brian Ellsworth RIO DE JANEIRO (Reuters) - Brazilian state oilcompany Petrobras Friday filed to sell up to $64.5 billionof new stock -- the largest in capital markets history -- sending its stock...
SOFTS-Arabica coffee ends at 13-yr top, sugar mixed
(Recasts, updates prices, market activity to U.S. close; addssecond byline, dateline, previously LONDON) By Rene Pastor and David Brough NEW YORK/LONDON (Reuters) - Arabica coffee futuresrallied late...
Corporate Treasurers Fear They Will Be Captured By New Derivatives Rules
Dow Jones )- The shaky economic recovery in the U.S. could be damaged if new financial regulations require companies to post more collateral against their hedging activities, according to the...
US judge rules in favor of Kuwait's Agility
ATLANTA (Reuters) - U.S. prosecutors failed tofollow the law when they indicted Kuwait logistics companyAgility for fraud over multibillion dollar contracts,according to a U.S. magistrate judge....