Yahoo! News: Business News

Asia stocks pause after 5-day rally (Reuters)
Posted: 04 Jul 2011 06:34 PM PDT
A man looks at an electronic board displaying various market indices from around the world outside a brokerage in Tokyo May 16, 2011. REUTERS/Toru HanaiReuters - Asian stocks were steady near one-month highs on Tuesday as market players took a breather after five consecutive days of gains while the Australian dollar slipped ahead of a policy meeting of the country's central bank.


Posted: 04 Jul 2011 03:27 PM PDT
Reuters - Greece will stave off default not only for its own sake but because its survival is vital for the euro zone and the global economy, Greek Finance Minister Evangelos Venizelos told Reuters on Monday.

Posted: 04 Jul 2011 06:16 AM PDT
Reuters - The London Stock Exchange should consider a tie-up with Nasdaq OMX to secure its place as a global competitor, after its failed bid for Canadian group TMX made it vulnerable as a takeover target, investors and market participants said.

Posted: 04 Jul 2011 04:44 PM PDT
Reuters - Bailouts of Europe's debt-stricken countries face a legal challenge on Tuesday as Germany's top court begins hearing a lawsuit against German contributions to the rescues of Greece, Ireland and Portugal.

Posted: 04 Jul 2011 05:19 PM PDT
Reuters - South Korea's Hana Financial Group (086790.KS) said on Tuesday its $4.3 billion deal to take over private equity fund Lone Star's controlling stake in Korea Exchange Bank (004940.KS) would be extended for six months to December.

Posted: 01 Jul 2011 02:17 PM PDT
AP - GOOD SIGNS: A surprising rebound in the Institute of Supply Management's national manufacturing index prolonged a weeklong rally in the stock market. Rising auto sales also helped lift stock indexes.

Posted: 03 Jul 2011 06:31 PM PDT
AP - A scenic stretch of Highway 101 that wends through a majestic stand of ancient redwoods in Richardson Grove State Park is called the gateway to Humboldt County — but officials and local businesses say this narrow roadway is actually a barrier to the region's economic growth.

Posted: 04 Jul 2011 06:58 AM PDT
AP - The European Investment Bank on Monday approved Saab's plan to improve its ailing finances with a $40 million deal to sell and lease back property.

Posted: 04 Jul 2011 05:49 AM PDT
Reuters - Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.

Posted: 04 Jul 2011 03:34 PM PDT
A combination of two images shows (at L) a picture taken in 2011 of former International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn and (at R) a picture taken in 2004 of French journalist and writer Tristane Banon. Strauss-Kahn plans to sue for slander the French woman who said she will file an attempted rape complaint against him, his lawyers said in a statement Monday.(AFP/File/Fred Dufour)AFP - Former IMF chief Dominique Strauss-Kahn plans to sue for slander a 32-year-old French woman who said she will file an attempted rape complaint against him, his lawyers said Monday.


Posted: 04 Jul 2011 04:57 AM PDT
US online retailer Amazon.com announced Monday it will acquire British online bookstore The Book Depository. The company last year had an operating profit of 2.3 million pounds, TheBookseller.com said.(AFP/File/Karen Bleier)AFP - US online retailer Amazon.com announced Monday it will acquire British online bookstore The Book Depository.


Posted: 04 Jul 2011 12:18 PM PDT
Flames rise from a gas pipeline in the Bir al-Abd area, 80 kilometres (about 50 miles) from the northern Sinai town of El-Arish. Saboteurs bombed the Egyptian gas pipeline in the Sinai peninsula for the third time since February, cutting supplies to Israel and Jordan.(AFP)AFP - Saboteurs bombed an Egyptian gas pipeline in the Sinai peninsula on Monday for the third time since February, cutting supplies to Israel and Jordan.


Posted: 04 Jul 2011 02:56 AM PDT
Britain's Queen Elizabeth II talks to staff members as she officially opened the fourth session of the Scottish Parliament, in Edinburgh, Scotland, Friday July 1, 2011. Accompanied by her husband,Prince Philip, she addressed MSPs and other guests inside the Holyrood chamber. (AP Photo/David Cheskin-pa)  UNITED KINGDOM OUT: NO SALES: NO ARCHIVE:AP - British taxpayers spent 32.1 million pounds ($51.7 million) supporting the monarchy in the past year, 5.3 percent less than the year before, as Queen Elizabeth II joined a national cost-cutting drive.


Posted: 04 Jul 2011 06:39 PM PDT
Toyota, the world's biggest automaker, said it will temporarily halt work at factories in Brazil and Argentina due to the lack of parts from Japan after the massive March quake and tsunami.(AFP/Kazuhiro Nogi)AFP - Toyota, the world's biggest automaker, said it will temporarily halt work at factories in Brazil and Argentina due to the lack of parts from Japan after the massive March quake and tsunami.


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