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  Business News

Jobs ticking up in many states; jobless rates, too

MiamiHerald.com - Kevin G. Hall - ‎2 hours ago‎
WASHINGTON -- Thirty-one states and the District of Columbia posted net gains in employment in January, the Labor Department reported Wednesday, providing further evidence that the economy is slowly gaining momentum.

CA Agrees to Buy Nimsoft for $350 Million in Cash

BusinessWeek - Katie Hoffmann, Hugo Miller - ‎15 minutes ago‎
March 10 (Bloomberg) -- CA Inc., the second-largest maker of software for mainframe computers, agreed to buy closely held Nimsoft Inc. for about $350 million in cash to expand in cloud computing.

Gymboree Q4 profit beats Street; Q1 view strong

Reuters - Nivedita Bhattacharjee, Maju Samuel - ‎35 minutes ago‎
March 10 (Reuters) - Gymboree Corp's (GYMB.O) quarterly profit topped market estimates by a penny, as well-managed discounts helped the children's apparel retailer during the holiday season, and it forecast the first quarter largely above expectations.
Gymboree inks franchise deal in Middle East San Francisco Business Times

Psychiatric Solutions in Talks with Bain Capital

Wall Street Journal - Jeffrey Mccracken, Peter Lattman - ‎2 hours ago‎
Psychiatric Solutions Inc., a for-profit operator of mental-health hospitals and clinics, is in talks to be acquired by private-equity firm Bain Capital, according to several people familiar with the matter.

Stocks post modest gains

CNNMoney.com - Ben Rooney - ‎35 minutes ago‎
NEW YORK (CNNMoney.com) -- Stocks posted modest gains Wednesday, with the Nasdaq ending at its highest level in more than 18 months, as investors weighed falling oil prices against strength in the ...

BofA Ends Some Overdraft Fees

Wall Street Journal - Dan Fitzpatrick, Robin Sidel - ‎52 minutes ago‎
Bank of America Corp. plans to announce Wednesday that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations.

Runaway Prius Tale Prompts New Probe

Wall Street Journal - Neal E. Boudette, Sharon Terlep - ‎7 hours ago‎
Toyota Motor Corp. and federal investigators probed the latest report of sudden acceleration Tuesday, a dramatic incident on a California highway that ricocheted around the Internet.

Google chief sees outcome "soon" in China row

Reuters - Georgina Prodhan, Paul Eckert - ‎1 hour ago‎
ABU DHABI/WASHINGTON, March 10 (Reuters) - Google (GOOG.O) expects an outcome soon from its talks with China over a censorship and hacking dispute, Chief Executive Eric Schmidt said on Wednesday.

NYMEX-Crude ends up in late surge, products support

Reuters - ‎1 hour ago‎
NEW YORK, March 10 (Reuters) - US crude oil futures flipped higher in late trading on Wednesday, ending at an eight-week high, after a slip to just below $81 a barrel attracted fresh fund buying, analysts said.

Fannie Mae to offer new 3-year benchmark notes

Forbes - ‎38 minutes ago‎
AP , 03.10.10, 04:16 PM EST The size of the offering was not disclosed. Payment dates will be each May 7 and November 7, Fannie Mae said.

Former NY state official pleads guilty in 'pay to play' scandal

Los Angeles Times - Marc Lifsher - ‎20 minutes ago‎
David Loglisci admits that he based investment decisions on whether they would benefit former state Comptroller Alan Hevesi and his political advisor, says New York Atty.

American, BA to Give Up London Slots to Aid Alliance

BusinessWeek - Stephanie Bodoni, Erik Larson - ‎35 minutes ago‎
March 10 (Bloomberg) -- AMR Corp.'s American Airlines and British Airways Plc offered to cede at least four takeoff and landing slots in London for flights to New York and three other US cities to win approval for ...

Abbott Tucks In Facet Biotech

Forbes - Melanie Lindner - ‎37 minutes ago‎
Investors who doubted the stock picks of financier Seth Klarman were kicking themselves on Wednesday after Facet Biotech, 14% of which is owned by Klarman's Baupost Group, agreed to a $450 million cash buyout from Abbott Laboratories.

Google Apps Store Supports Small Businesses

TheStreet.com - Carmen Nobel - ‎2 hours ago‎
MOUNTAIN VIEW, Calif. (TheStreet) -- Google(GOOG), ever a champion of doing business on the Internet, has opened the Google Apps Marketplace, a Webfront store that sells third-party business applications that can ...

Skepticism Over OPEC's Demand Forecast

Forbes - Kelsey Swanekamp - ‎2 hours ago‎
One analyst thinks that overstated growth in China is driving the cartel's rosier view on 2010. After a recession-driven slump around the world, government stimulus efforts may fuel a rebound in oil demand in 2010.

Google still tops, but Bing inches ahead in search market

Computerworld - Sharon Gaudin - ‎24 minutes ago‎
Computerworld - Microsoft in recent months has slowly boosted its share of the search business, but still remains far behind a so-far unbeatable foe in its battle with Google.

Administration Nears a Crossroads on Trade

New York Times - Sewell Chan - ‎1 hour ago‎
WASHINGTON - After a year in which global exports declined by 9 percent in the biggest contraction since World War II, trade policy is heating up again.

American Eagle Soars On Wings Of Profit

Forbes - Melanie Lindner - ‎1 hour ago‎
American Eagle Outfitters took flight on Wednesday after the company's earnings gave investors something to smile about. Profits for the Pittsburgh-based retailer jumped 81% to $59.3 million, or 28 cents per share, up from $32.7 million, ...
American Eagle Profit Soars Wall Street Journal

OJ Prices Going Up After Our Unusual Winter

CBS 4 - ‎1 hour ago‎
In the coming months we're going to by paying for our unusually cold South Florida winter every time we pick up orange juice at the store.
Tropicana Raising Prices Wall Street Journal

CERAWEEK-US natgas bonanza no game-changer for auto makers

Reuters - Jonathan Leff, Marguerita Choy - ‎2 hours ago‎
HOUSTON, March 10 (Reuters) - The 'game-changing' discovery of decades' worth of natural gas in US shale formations has not changed auto-makers' minds about natural gas-power vehicles, which they said on Wednesday will remain a minor niche market.
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