Business News

ALL BUSINESS: Cash is king for investors

AP - Sat Jul 4, 12:01 PM ET

NEW YORK - That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy.

Economy News

  • Returning Asians to fill talent gap, boost innovation Reuters - 1 hour, 35 minutes ago

    SINGAPORE (Reuters) - "Go East" is a message being heeded by many Asian professionals in the United States and Europe who see brighter job prospects in a region that is expected to outperform the rest of the world for economic growth.

  • Lisa Lilly, left, and Victor Tirumalai joke as they play board games at the Holiday Club during a singles event, Nerds at Heart, in Chicago, Thursday, July 2, 2009. Attendance at the monthly gatherings, where mostly young professionals pay $25 for a drink and a chance to spend the evening clustered around trivia and board games, was more than double expectations in April and has stayed high since. (AP Photo/Stacie Freudenberg)
    Downturn dating: Hearts flutter as markets stutter AP - Sat Jul 4, 6:25 PM ET

    CHICAGO - Credit the recession for staycations and bringing us more game-night parties at home. But also give it a shout for spurring more first dates.

  • California State Senator Leland Yee (D-San Francisco) talks in his office about the state's budget impasse in San Francisco, California July 3, 2009. State officials have begun issuing billions of dollars in "IOUs" to avoid a cash crisis, after lawmakers failed to balance the budget by the start of the state's new fiscal year on Wednesday, leaving a $26.3 billion deficit. REUTERS/Robert Galbraith (UNITED STATES POLITICS BUSINESS)
    Schwarzenegger signals key budget concession Reuters - Sat Jul 4, 3:57 PM ET

    SAN FRANCISCO (Reuters) - Governor Arnold Schwarzenegger, optimistic California can finish its budget negotiations in a few days, is willing to reconsider his proposed cuts to education in hopes of averting a cash crisis, the San Francisco Chronicle said on Saturday.

Stock Markets News

  • Judge OKs continued freezing of financier's assets AP - Fri Jul 3, 1:06 PM ET

    LOS ANGELES - A federal judge has granted the Securities and Exchange Commission's request to continue freezing the assets of a California financier charged in a fraud case involving hundreds of millions of dollars.

  • Floor traders work at the Hong Kong Stock Exchange Friday, July 3, 2009 in Hong Kong. Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices weakened further, while the dollar was little changed against the yen. (AP Photo/Kin Cheung)
    European stocks calm as US readies for 4th of July AP - Fri Jul 3, 12:34 PM ET

    LONDON - European stock markets traded in a narrow range Friday as investors caught their breath after big losses the day before on U.S. jobs data. Wall Street's closure for the Independence Day holiday kept trading volumes exceptionally light.

  • Teck helps lead TSX higher in quiet session Reuters - Fri Jul 3, 11:20 AM ET

    TORONTO (Reuters) - Toronto's main stock index rose on Friday morning, boosted in part by Teck Resources Ltd's equity sale to China Investment Corp.

Earnings News

  • A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric Thayer
    Earnings to set tone for stocks in week ahead Reuters - Thu Jul 2, 7:02 PM ET

    NEW YORK (Reuters) - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.

  • DemandTec posts wider 1Q loss AP - Wed Jul 1, 6:16 PM ET

    SAN CARLOS, Calif. - Price-management software company DemandTec Inc. posted a wider net loss Wednesday for its fiscal first quarter, hurt by charges and higher costs even as revenue inched higher.

  • FILE - In this June 5, 2009 file photo, auction goers make their way past lots on display in the barrel room at the Robert Mondavi Winery during the Napa Valley wine auction in Oakville, Calif. Constellation Brands, whose brands include Robert Mondavi, said Wednesday, July 1, 2009, its first-quarter profit slid 85 percent partly on increased restructuring charges. Still, the wine company's adjusted results managed to surpass Wall Street's expectations. (AP Photo/Eric Risberg, File)
    Constellation Brands 1Q profit drops 85 percent AP - Wed Jul 1, 5:11 PM ET

    NEW YORK - Wine and spirits maker Constellation Brands Inc. said it is benefiting from consumers switching from higher-priced beverages to those that offer more buzz for the buck.

Industries

  • Flags fly outside the General Motors world headquarters building in May 2009 in Detroit, Michigan. As General Motors executives await a key court ruling that will determine whether they can establish a new company, the shape of any future enterprise is already being considered.(AFP/Getty Images/File/Bill Pugliano)
    GM considers options ahead of court ruling AFP - Sat Jul 4, 4:02 PM ET

    DETROIT (AFP) - As General Motors executives await a key court ruling that will determine whether they can establish a new company, the shape of any future enterprise is already being considered.

  • The head of GM Europe has said he hopes German carmaker Opel will be bought by Magna by mid-July adding that the Canadian firm has a "considerable lead" on other possible buyers, a report said Saturday.(AFP/DDP/File/Clemens Bilan)
    GM hopes for speedy Opel purchase: report AFP - Sat Jul 4, 11:54 AM ET

    BERLIN (AFP) - The head of GM Europe has said he hopes German carmaker Opel will be bought by Magna by mid-July adding that the Canadian firm has a "considerable lead" on other possible buyers, a report said Saturday.

  • U.S. group questions AstraZeneca's Crestor patent Reuters - Wed Jul 1, 12:16 AM ET

    WASHINGTON (Reuters) - A U.S. patent research group says it has uncovered evidence that could be used to declare AstraZeneca Plc's patent for its cholesterol fighter Crestor invalid.

Opinion

  • The Bleak U.S. Jobs Picture BusinessWeek Online - Fri Jul 3, 8:08 AM ET

    U.S. job losses in June rose to 467,000 as the national unemployment rate rose to 9.5%. This follows a decade where job creation in the private sector hovered in the 1% range. In our feature segment, Chief Economist Michael Mandel explains why job growth has stalled, its importance, and what can be done to reverse this trend. Plus, the latest on the troubled housing market and Wal-Mart's (wmt.) unusual alliance with a labor union.

  • Business Courses for Go-Getters BusinessWeek Online - Fri Jul 3, 8:08 AM ET

    In today's competitive job market, graduates fresh out of college are looking to stand out. The earlier they start to give themselves an edge, the better off they will be, which is why more undergraduate business courses are starting to address softer skills -- from improving communication to learning how to effectively use your creativity. Unique, hands-on courses that are part self-reflection, part theory, and part applied learning are best because they engage students and leave a lasting impression, say educators.

  • Portfolio Planning: A Case Study BusinessWeek Online - Fri Jul 3, 8:08 AM ET

    The market meltdown unmoored many a financial plan. With the portfolios of countless baby boomers a shadow of what they once were, BusinessWeek asked five top investment advisers to draft a plan that would enable a hypothetical couple to meet all of their financial obligations.

Most Popular Business News

  • FILE - In this Oct. 29, 2008 file photo, the Empire State Building, center, is illuminated by sunlight against a cloud-darkened sky in New York. When owners of the Empire State Building decided to give it a $120 million environmental makeover, in 2009, they were only partly interested in saving energy.(AP Photo/Kathy Willens, File)
    Iconic skyscrapers find new luster in green tech AP - Sat Jul 4, 12:30 PM ET

    NEW YORK - When owners of the Empire State Building decided to blanket its towering facade this year with thousands of insulating windows, they were only partly interested in saving energy.

  • Plant disease hits eastern US veggies early, hard AP - Fri Jul 3, 4:03 AM ET

    CONCORD, N.H. - Tomato plants have been removed from stores in half a dozen states as a destructive and infectious plant disease makes its earliest and most widespread appearance ever in the eastern United States.

  • Brewmaster Jimmy Mauric holds samples of the Shiner beers produced at Spoeltz Brewery in Shiner, Texas, Thursday, June 25, 2009. The brewery is celebrating 100 years of brewing beer. (AP Photo/Eric Gay)
    Texas brewer, once near defeat, shines again AP - Sat Jul 4, 10:35 AM ET

    SHINER, Texas - By all accounts, Shiner beer shouldn't have made it this long. The Spoetzl Brewery ferments its brew in a one-stoplight town that's not on the way to anywhere, and much larger regional brewers long ago succumbed to consolidation and the muscle of national brewers.