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Friday September 10

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Until 100th Spencer Picnic!

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9/9/10, EPA wants to know chemicals used in gas drilling (AP) »»

EPA wants to know chemicals used in gas drilling (AP)

AP - The Environmental Protection Agency asked nine natural gas companies Thursday to voluntarily disclose the chemical components used in a drilling technique called hydraulic fracturing.

9/9/10, IMF to sell 400 million dollars' worth of gold to Bangladesh (AFP) »»

IMF to sell 400 million dollars' worth of gold to Bangladesh (AFP)

AFP - The International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh, worth around 403 million dollars.

9/9/10, Wall Street buoyed by upbeat economic data (Reuters) »»

Wall Street buoyed by upbeat economic data (Reuters)

Reuters - Stocks rose on Thursday as stronger-than-expected jobs and trade data helped lift optimism about the economic recovery, although sentiment was fragile as investors fretted over European banks.

9/9/10, Ford calls dealers to discuss Lincoln's future (Reuters) »»

Ford calls dealers to discuss Lincoln's future (Reuters)

Reuters - Ford Motor Co has invited Lincoln dealers to a meeting in October to discuss its plans to breathe new life into the lagging luxury brand at a critical time for many of its U.S. retailers.

9/9/10, Mortgage rates edge up; Housing market still slow (AP) »»

Mortgage rates edge up; Housing market still slow (AP)

AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

9/9/10, Shoe seller DSW's operator says 2Q profit jumps (AP) »»

Shoe seller DSW's operator says 2Q profit jumps (AP)

AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.

9/9/10, SC had tax liens against gov hopeful's family biz (AP) »»

SC had tax liens against gov hopeful's family biz (AP)

AP - A business owned by the family of South Carolina Republican gubernatorial candidate Nikki Haley has been penalized for failing to pay taxes three times since 2003, according to records obtained by The Associated Press.

9/9/10, Wal-Mart US merchandising now headed by four execs (Reuters) »»

Wal-Mart US merchandising now headed by four execs (Reuters)

Reuters - Wal-Mart Stores Inc will remain without a chief merchandising officer for its U.S. stores for now, instead naming four new product heads to take over that responsibility, the retailer said on Thursday.

9/9/10, Fears of a second recession ease, at least for now (AP) »»

Fears of a second recession ease, at least for now (AP)

AP - No, the economy isn't roaring ahead. And no, companies aren't making lots of job offers. But a fresh batch of economic data Thursday at least eased summertime fears that the economy might be on the brink of another recession.

9/9/10, McDonald's France lags in August, shares fall (Reuters) »»

McDonald's France lags in August, shares fall (Reuters)

Reuters - McDonald's Corp's European sales growth fell in August from the sizzling levels it experienced for much of the year due to weakness in France, which generates the company's biggest European sales, and its shares fell nearly 3 percent.

9/9/10, As Wall Street Sheriff, Coffey would be discreet (Reuters) »»

As Wall Street Sheriff, Coffey would be discreet (Reuters)

Reuters - New York state attorney general candidate Sean Coffey on Thursday said he was the only contender qualified to police Wall Street and called Democratic rivals career politicians fixated on becoming governor.

9/9/10, Irish bonds rebound, banks hold ground after Anglo (AP) »»

Irish bonds rebound, banks hold ground after Anglo (AP)

AP - Investors welcomed Ireland's plan to split up its most debt-crippled bank, Anglo Irish, by bidding strongly Thursday for government bonds. Ireland's battered bank shares also held their ground.

9/9/10, Data shows economic recovery still on track (Reuters) »»

Data shows economic recovery still on track (Reuters)

Reuters - New U.S. claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.

9/9/10, Web Impostors May Face Prison in California (BusinessWeek) »»

Web Impostors May Face Prison in California (BusinessWeek)

BusinessWeek - California Web impostors beware: You may soon be breaking the law, even if you aren't one of the perpetrators targeted by the state's "e-personation" bill.

9/9/10, British MPs to grill BP CEO Hayward (Reuters) »»

British MPs to grill BP CEO Hayward (Reuters)

Reuters - British Members of Parliament (MPs) will next week grill outgoing BP Plc Chief Executive Tony Hayward, as part of an investigation into risks around deepwater drilling in the North Sea.

9/8/10, FDIC's Bair warns of government "exposure" in mortgages (Reuters) »»

FDIC's Bair warns of government "exposure" in mortgages (Reuters)

Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.

9/8/10, Flash crash report: plunge still a mystery: sources (Reuters) »»

Flash crash report: plunge still a mystery: sources (Reuters)

Reuters - Regulators probing the stock market "flash crash" last May still have not uncovered a single cause but will point to "stub quotes" and other previously identified issues as having exacerbated the market's dramatic drop, according to two sources familiar with the probe.