by Associated Press Published: October 15,2010
Tags: agriculture, Farm Bill
MINNEAPOLIS — Republicans might take control of Congress as they ride a wave of voter anger over deficit spending and big government, but experts who follow agriculture say they don’t expect deep cuts in subsidies to farmers who grow crops such as corn and soybeans. Those payments are long-entrenched policy that have had the support [...] [...]
by Associated Press Published: October 14,2010
Tags: economy, Federal Reserve, finance, stock market
NEW YORK – Stocks dipped Thursday after concerns about another disappointing report on jobs. But losses were held in check by expectations the Federal Reserve will act soon to strengthen the economy. The Dow Jones industrial average fell 32 points in midday trading. In recent months, a disappointing jobs report would have likely led to [...] [...]
by Associated Press Published: October 14,2010
Tags: finance, stock market
NEW YORK – Stock futures edged higher as investors avoided big moves before key reports on unemployment and inflation. Currency and gold trading was again a dominant driver of global financial markets Thursday. Traders sent the dollar lower because of expectations the Federal Reserve will start buying government bonds to try to stimulate the sluggish [...] [...]
NEW ORLEANS – Oil has stopped spewing into the Gulf of Mexico, but BP remains unusually vulnerable to the prospect of U.S. gas stations defecting to other brands. In interviews with The Associated Press, station owners from Wisconsin to Virginia say BP dealers are being courted by other brands or are approaching them on their [...] [...]
NEW ORLEANS – The Obama administration is asking a federal judge to throw out part of a lawsuit challenging its moratorium on deepwater oil drilling in the Gulf of Mexico now that the ban’s been lifted. A court filing Wednesday requesting the dismissal of claims filed by Ensco Offshore comes a day after the Interior [...] [...]
by Associated Press Published: October 13,2010
Tags: economy, European Union
BRUSSELS – After months of agonizing, leaders of the European Union are closing in on new oversight rules to ensure sound finances, prevent another government debt crisis and restore the credibility of the euro. But leaders remain divided on key issues. And some analysts argue that even the latest proposals can’t fix the bloc’s fundamental [...] [...]
by Associated Press Published: October 12,2010
NEW YORK — Pfizer Inc., the world’s largest pharmaceutical company by revenue, said today it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash. Pfizer is paying $14.25 per share for King. That’s a premium of 40 percent to the stock’s yesterday closing price of $10.15. In the deal Pfizer gains [...] [...]
by Associated Press Published: October 12,2010
Tags: labor unrest, strikes
PARIS — Workers tried to shut down France today with strikes affecting transportation, schools and the postal service in a showdown with President Nicolas Sarkozy over his government’s attempt to raise the retirement age by two years to save money. Hundreds of tourists visiting the Eiffel Tower were ushered away after workers there voted to [...] [...]
by Wally Northway Published: October 12,2010
Tags: construction, economy, employment, jobs, unemployment
WASHINGTON — Construction employment fell by 21,000 (0.4 percent), seasonally adjusted, in September to 5.604 million, the Bureau of Labor Statistics (BLS) reports. The industry has added only 19,000 jobs on net since reaching a low in February, whereas the overall private sector has added jobs for nine straight months. Over the past 12 months, [...] [...]
by Associated Press Published: October 12,2010
Tags: cosmetics, mergers and acquisitions, retail, stocks and bonds
NEW YORK — Shares of cosmetics and skin care company Avon Products Inc. rose 9 percent in pre-market trading today after a report that L’Oreal may be interested in making a bid for the company. A report in the U.K.’s Daily Mai said French beauty company L’Oreal SA could offer more than $44 per share [...] [...]
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