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Updated 5 minutes ago

Bernanke Comments Help Lift Shares

Wall Street Journal - Ishaq Siddiqi - ‎1 hour ago‎
European stock markets opened higher Wednesday, benefiting from healthy US and Asian markets overnight, after Federal Reserve Chairman Ben Bernanke further boosted investor confidence by calling an end to the recession.

Facebook Cites Rapid Growth in Users, Cash Flow

Wall Street Journal - Jessica E. Vascellaro - ‎4 hours ago‎
Facebook released new proof of its rapid growth Tuesday, saying it reached the 300-million-user mark and that the company became cash-flow positive last quarter.

Adobe to Buy Omniture for $1.8 Billion, Expanding Beyond Design

Bloomberg - Rochelle Garner - ‎1 hour ago‎
Sept. 16 (Bloomberg) -- Adobe Systems Inc., the world's biggest maker of graphic-design software, agreed to buy Omniture Inc. for $1.8 billion, expanding into programs that track the performance of Web sites and online advertising ...

US growth in 2 percent range over near term: forecast

Reuters - Dan Grebler - ‎40 minutes ago‎
SAN FRANCISCO (Reuters) - The US economy will emerge from recession by growing more than 2 percent in the current and fourth quarters on a dramatic reversal in inventories, but growth next year will be tepid, a UCLA Anderson Forecast said on Wednesday.

mccann Asks Judge to Lift Bank of America's Non-Compete Clause

Bloomberg - Patricia Hurtado, Joshua Fineman - ‎4 hours ago‎
Sept. 16 (Bloomberg) -- Former Merrill Lynch & Co. brokerage head Robert mccann is going to court today to ask a New York State judge to grant him “emergency” relief that will force Bank of America Corp.

Lehman Says Barclays Got $5 Billion Discount, Wants Assets Back

Bloomberg - Christopher Scinta, Linda Sandler - ‎4 hours ago‎
Sept. 16 (Bloomberg) -- Lehman Brothers Holdings Inc. said Barclays Plc got a $5 billion discount when it bought the North American brokerage business and some real estate days after Lehman's bankruptcy filing a ...

China shares fall on liquidity doubts

Forbes - ‎18 minutes ago‎
AP , 09.16.09, 04:21 AM EDT Chinese shares fell Wednesday following a three-day rally as investors took profits amid concern about a possible reduction in liquidity.

Citigroup Said to Consider Weaning From FDIC Debt Guarantees

Bloomberg - Bradley Keoun, Robert Schmidt - ‎4 hours ago‎
Sept. 16 (Bloomberg) -- Citigroup Inc., the biggest user of US government debt guarantees extended under last year's bank rescue, plans to exit the program as regulators push to withdraw aid intended as temporary, ...

Oil Is Little Changed Near $71 as US Stockpiles May Decline

Bloomberg - Yee Kai, Christian Schmollinger - ‎1 hour ago‎
Sept. 16 (Bloomberg) -- Oil traded little changed near $71 a barrel before a weekly US government report that may show a drop in the country's crude stockpiles.

HK, China shares mixed; banks up in HK, Vanke eases

Reuters - Donny Kwok, Claire Zhang - ‎1 hour ago‎
HONG KONG, Sept 16 (Reuters) - Hong Kong shares rose 1.75 percent on Wednesday led by banks as stronger economic data in the United States reinforced hopes of a turnaround in the global economy, but China stocks remained ...

Bayer Outsider as CEO May Point to Split of Drugmaker

Bloomberg - Eva von Schaper - ‎31 minutes ago‎
Sept. 16 (Bloomberg) -- Bayer AG's choice of Marijn Dekkers as its new chief executive officer, the first outsider to take the top job, may herald a breakup of the 146-year-old German drugs and chemical maker, analysts said.

Inditex Profit Beats Analysts' Estimates as Openings Fuel Sales

Bloomberg - Thomas Mulier - ‎59 minutes ago‎
Sept. 16 (Bloomberg) -- Inditex SA, the owner of the Zara chain, reported first-half profit that beat analyst estimates as store openings from Beijing to Cairo fueled sales growth.

Euro Hits High Against Dollar

Wall Street Journal - ‎40 minutes ago‎
AP BERLIN -- The euro reached a year high against the dollar Wednesday, as traders ventured beyond the benchmark currency on improved news about the US economy and strong markets.

Blockbuster may close hundreds of stores

Bizjournals.com - ‎2 hours ago‎
Movie and video game renter/retailer Blockbuster Inc. indicated in a regulatory filing Tuesday that it may close up to 960 stores by the end of 2010.

GLOBAL MARKETS: European Stocks Build Gains On Econ Optimism

Wall Street Journal - Ishaq Siddiqi - ‎22 minutes ago‎
LONDON (Dow Jones)--European stock markets were strong early Wednesday and extended their gains for a third consecutive session as a firm euro confirmed that appetite for risk remains intact and the Federal ...

Taiwan Mobile to pay Carlyle $1 bln in swap deal

Reuters - Faith Hung, Michael Flaherty - ‎11 minutes ago‎
TAIPEI/HONG KONG, Sept 16 (Reuters) - Carlyle Group and Taiwan Mobile struck a $1 billion deal on Wednesday, with Carlyle taking a big chunk of the telecommunications group in a sign the private equity firm has faith ...
Taiwan Mobile to Acquire Kbro Wall Street Journal

Consumer prices expected to have remained in check

The Associated Press - Christopher S. Rugaber - ‎4 hours ago‎
WASHINGTON - A report due out Wednesday is expected to show that inflation remained in check last month, as the weak economy prevents retailers and manufacturers from raising prices.

Losses Swell for the World's Airlines, Trade Group Says

New York Times - Nicola Clark - ‎16 hours ago‎
PARIS - Despite early signs of global recovery, rising fuel costs and weak travel demand are keeping the world's airlines in “survival mode,” with predicted losses now expected to swell to $11 billion by the end of the year, ...

Apple Gets Intel's Top Lawyer

Washington Post - Cecilia Kang - ‎5 hours ago‎
Apple said today it's got a new top lawyer, Bruce Sewell from Intel, at a time when the maker of the iPhone and iPod faces greater regulatory scrutiny in Washington.

Little Rival Creates Big Problem For Oracle

Wall Street Journal - John Letzing - ‎20 hours ago‎
As Oracle Corp. (ORCL) was working to get a green light from European antitrust regulators to buy Sun Microsystems Inc. (JAVA) earlier this year, a relatively obscure issue surfaced to help hobble the deal.

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