Archive for September, 2009

China Celebrates with Military Parade

WSJ.com: What's News US on Sep 30th 2009

China kicked off National Day celebrations with an old-style communist military parade intended to showcase both its history and its rise as an economic power.

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Tsunami Came Too Fast for Warnings to Reach All

WSJ.com: Page One on Sep 30th 2009

Tsunami waves tore across islands of the South Pacific, wiping out villages and killing at least 119 people in Samoa and American Samoa, with the number of dead expected to rise.

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Hong Kong Police Raid E&Y

WSJ.com: What's News US on Sep 30th 2009

Police raided the Hong Kong offices of Ernst & Young as part of an investigation into suspected forgery linked to bankrupt electronics maker Akai Holdings.

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CIT in Last-Ditch Rescue Bid

WSJ.com: Page One on Sep 30th 2009

The fate of CIT Group was hanging in the balance as the large commercial lender readied a plan that would likely hand control of the company to its bondholders.

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Miniaturist’s Art Comes With Microscope

WSJ.com: Page One on Sep 30th 2009

Willard Wigan creates some of the smallest sculptures in the world, relying on a scalpel and a microscope to see what he’s carving.

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Kraft Drops Name for New Vegemite

WSJ.com: What's News US on Sep 30th 2009

Kraft said it will hold a new naming contest for its recently introduced flavor of Vegemite after Australians voiced objections to one chosen– iSnack 2.0.

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UBS Warns on Third-Quarter Losses

WSJ.com: What's News US on Sep 30th 2009

UBS warned that third-quarter earnings will be hurt by losses on its own credit but said it was on track to slash costs and strengthen its balance sheet.

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Hartford Taps Liam McGee to Be CEO

WSJ.com: What's News US on Sep 30th 2009

Hartford Financial named ex-BofA executive Liam McGee as CEO amid the firm’s retreat from the risky variable-annuities business.

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Japanese Corporate Sentiment and Financing Improve

By REUTERS on Sep 30th 2009

Japanese business morale improved further from a record low hit earlier this year but remained negative overall for the fifth straight quarter, a key survey showed.

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Comcast Denies Report of a Deal for NBC Universal

By Michael J. de la Merced and Andrew Ross Sorkin on Sep 30th 2009

Is a mega-media deal — a merger of Comcast and NBC Universal — imminent? The nation’s biggest cable company says no, denying a report saying the two were set to combine.

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EPA Proposes Greenhouse-Gas Rules

WSJ.com: What's News US on Sep 30th 2009

The EPA proposed requiring new power plants, factories and oil refiners to obtain permits to emit greenhouse gases, putting pressure on Congress to pass climate legislation.

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FSA Weighs What Is ‘Too Big to Fail’

WSJ.com: What's News US on Sep 30th 2009

The U.K.’s market watchdog will study the impact and cost of regulatory overhauls on financial companies.

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Gates Doubts U.S.’s Afghan Strategy

WSJ.com: What's News US on Sep 30th 2009

Gates has voiced doubts about Afghan war strategy. The defense secretary is no longer convinced that a manpower-intensive counterinsurgency strategy advocated by his top commanders is the right way forward.

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Hard Hats’ Ladder to Prosperity Removed

WSJ.com: What's News US on Sep 30th 2009

Men who lack post-high school education often found employment in construction. But now that group has few job prospects in a labor market that increasingly favors brains over brawn.

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U.K.’s Top Banks Agree to Bonus Curbs

WSJ.com: What's News US on Sep 30th 2009

British banks agreed to curbs on bonuses. The U.K. assured the five largest lenders that foreign banks would be subject to the same rules.

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