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Updated 8 minutes ago

HK shares little changed; China stocks slip

Reuters - Parvathy UllatilClaire Zhang - ‎2 hours ago‎
By Parvathy Ullatil & Claire Zhang HONG KONG, Aug 19 (Reuters) - Hong Kong shares weaved in and out of negative territory on Wednesday as investors exercised caution ahead of key earnings announcements, including those from Chinese lenders and top ...

Home Depot, Target Fuel Day's Turnaround

Wall Street Journal - Geoffrey Rogow - ‎6 hours ago‎
NEW YORK -- A string of better-than-expected quarterly reports from retailers, including Home Depot and Target, and an American Express-led bounce-back for financials helped stocks close higher.

Sluggish PC, ink sales hurt Hewlett-Packard

The Associated Press - Jordan Robertson - ‎1 hour ago‎
SAN FRANCISCO - Hewlett-Packard Co.'s 19 percent drop in quarterly profit shows that the company still relies heavily on printer ink and the troubled personal computer market, despite the aggressive transformation it's undertaking to branch out and ...

Nikkei drifts in cautious trade, Sanyo surges

Reuters - Elaine Lies - ‎1 hour ago‎
TOKYO (Reuters) - Japan's Nikkei average was flat on Wednesday, with investors wary after disappointing US housing figures increased uncertainty about an economic recovery and as Chinese shares eased slightly.

GM signs deal to sell Saab unit to Koenigsegg Group

Los Angeles Times - ‎1 hour ago‎
General Motors Co. said it has signed an agreement to sell its unit Saab Automotive to Sweden's Koenigsegg Group, although government officials warn that more capital is needed before the deal can be closed.

Judges Overturn Backdating Conviction

New York Times - Michael J. de la Merced - ‎4 hours ago‎
Citing misconduct by prosecutors, a federal appeals court on Tuesday overturned the conviction of the former chief executive of Brocade Communications Systems on charges related to the illegal backdating of stock options.

Pot farm fire reveals a troubling trend

Los Angeles Times - Catherine Saillant - ‎2 hours ago‎
Drug rings' operations in the state and federal forests are becoming more sophisticated, officials say. By Catherine Saillant Reporting from Santa Barbara - Narcotics agents said Tuesday they had little doubt that the nearly 90000-acre La Brea fire was ...

Apple Lead Barely Shrinks in Customer-Satisfaction Survey

Washington Post - Rob Pegoraro - ‎4 hours ago‎
Computer vendors can only wish they made their customers as happy as Detroit's car-manufacturing dinosaurs. That's my takeaway from the latest results of the American Consumer Satisfaction Index, a project of the University of Michigan's business ...

Microsoft legal chief sees risk in Yahoo deal

Reuters - Bill Rigby - ‎1 hour ago‎
SEATTLE, Aug 18 (Reuters) - Microsoft Corp (MSFT.O) has confidently described its planned search advertising deal with Yahoo Inc (YHOO.

Madoff Lover Stuck With Him Because of His Tenderness, Her Lust

Bloomberg - David VoreacosLinda Sandler - ‎26 minutes ago‎
Aug. 19 (Bloomberg) -- Sheryl Weinstein and Bernard Madoff nurtured a tender relationship that turned sexual five years after Hadassah, the Zionist women's organization where she was chief financial officer, ...

Qwest Exiting Wireless

New York Times - ‎3 hours ago‎
By BLOOMBERG NEWS Qwest Communications International, the local phone carrier in 14 states, said on Tuesday that it would end its mobile phone service in October to focus on its landline business and a partnership with Verizon Wireless.

Ford Plans Vehicles to Tap Power Grids

Wall Street Journal - Matthew Dolan - ‎4 hours ago‎
Ford Motor Co. is launching an in-vehicle technology to let its customers recharge electric cars when energy rates are low. The "smart" charging concept announced Tuesday is key for all auto makers that are pursuing electric vehicles ...

GM Adds Workers and Shifts as Demand Surges

New York Times - Nick Bunkley - ‎5 hours ago‎
DETROIT - Guess who is adding shifts and running on overtime to build more cars. General Motors. Just a month after emerging from bankruptcy reorganization, GM is running low on cars.

More than 150 UBS clients reportedly to face US charges

MarketWatch - ‎1 hour ago‎
By marketwatch LOS ANGELES (marketwatch) -- US authorities are building criminal cases against more than 150 US nationals who held accounts with Swiss banking group UBS AG, according to reports Wednesday, citing a court filing.

Australia Says Exxon-PetroChina LNG Deal Likely To Be Approved

Bloomberg - Gemma Daley - ‎42 minutes ago‎
Aug. 19 (Bloomberg) -- Exxon Mobil Corp.'s $41 billion deal to supply PetroChina Co. with liquefied natural gas is likely to get Australian government approval, Finance Minister Lindsay Tanner said.

Pulte Buys Centex, Tries Branding Strategy

Wall Street Journal - Dawn Wotapka - ‎2 hours ago‎
Pulte Homes Inc. succeeded in its quest to become the largest home builder in the US by acquiring Centex Corp., but it already faces a challenge: Can it use brand marketing to win over home buyers?

China Stocks Fall, Driving Shanghai Composite Index Close to Bear ...

Bloomberg - ‎19 minutes ago‎
By Bloomberg News Aug. 19 (Bloomberg) -- China's stocks fell, led by metal producers, after Maanshan Iron & Steel Co. posted a second straight half-year loss and copper slumped in Shanghai.
Shanghai Market Sees Red Wall Street Journal

Freddie Mac Fills Key Executive Role

Wall Street Journal - Nick Timiraos - ‎3 hours ago‎
Freddie Mac named mortgage-industry veteran Bruce Witherell as its chief operating officer, filling the second of three key executive vacancies at the government-backed mortgage-finance company.

Eli Lilly says to stop osteoporosis drug development

Reuters - Vidya L NathanAnthony Kurian - ‎3 hours ago‎
Aug 18 (Reuters) - Eli Lilly and Co (LLY.N) said it would discontinue trials of its experimental osteoporosis drug and not seek US approval of the product, due to side effects and its failure to achieve secondary goals in one large study.

Oil rises to near $70 on US crude inventory drop

The Associated Press - Alex Kennedy - ‎2 hours ago‎
SINGAPORE - Oil prices rose to near $70 a barrel Wednesday in Asia, rallying for a second day after US crude inventories unexpectedly fell last week.

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