Oil rises $6 on bailout optimism (Reuters)
Reuters - Oil rose $6 per barrel on Tuesday to over $102 as expectations U.S. lawmakers would pass a financial stability plan boosted global markets.
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Archive for September, 2008
Motorola Staffing Up To Cash In on Android Buzz (NewsFactor)
NewsFactor - Motorola is reportedly looking to beef up its Android development team, increasing its size from 50 to 350 people in hopes of getting in on the latest Google buzz. Motorola couldn’t immediately be reached for comment, but reports of insider leaks say the handset maker is working with a recruiter to find developers […]
FCC Hopes To Review Two Wireless Mergers This Year (NewsFactor)
NewsFactor - In a brief statement last week, Federal Communications Commission Chairman Kevin Martin announced the FCC will try to complete its review of two major wireless mergers by the end of the year. The goal, Martin said, is to reach a decision before a new president takes office in January.
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NY regulators get tough on Verizon FiOS installs (AP)
AP - New York regulators have raised the possibility of banning Verizon Communications Inc. from installing its fiber-optic FiOS service in New York City until the company makes sure it’s doing enough to provide electrical grounding for its equipment in homes.
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Nasdaq to cancel some late trades in Google shares (Reuters)
Reuters - The Nasdaq Stock Market said it will cancel some of the late trades in Google Inc , whose shares appeared to plunge as low as 1 cent at the close of North American markets on Tuesday.
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Lawmaker urges SEC to halt market volatility (Reuters)
Reuters - A senior U.S. lawmaker urged the U.S. Securities and Exchange Commission on Tuesday to reinstate an index arbitrage rule to halt market volatility.
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Senate objection on US-India nuclear deal overcome (AP)
AP - Senate Majority Leader Harry Reid says differences have been resolved over a U.S.-India nuclear cooperation agreement, clearing the way for a Senate vote Wednesday.
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Volatile 3rd quarter for stocks ends on up note (AP)
AP - Investors looking at their 401(k) statements for the quarter that ended Tuesday may be tempted to bail out of stocks entirely.
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Campaign tries to explain Palin’s Putin comment (AP)
AP - Gov. Sarah Palin cites vigilance against Russian warplanes coming into U.S. airspace over Alaska as one of her foreign policy credentials. But the U.S. military command in charge says that hasn’t happened in her 21 months in office.
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British supermarket Tesco says net profit up 11 percent in first half (AFP)
AFP - Britain’s biggest retailer Tesco said on Tuesday that its net profit jumped by almost 11 percent during the group’s first half to more than one billion pounds as it beat off economic woes.
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