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Archive for 'Business & Economics'

IMF Says U.S. Financial System May Need $76 Billion in Capital

By Sandrine Rastello and Rebecca Christie –

U.S. President Barack Obama. Photographer: Joshua Roberts/Bloomberg

The U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, according to the results of International Monetary Fund stress tests.
The findings, released today as part of a broader IMF report [...]

Conservative Media Watchdog Issues Ethics Challenge to Washington Post

Friday, July 30, 2010
By Matt Cover, Staff Writer

L. Brent Bozell III, president of the Media Research Center – the parent organization of CNSNews.com
(CNSNews.com) – Conservative media watchdog L. Brent Bozell III has issued an open letter to Washington Post Executive Editor Marcus Brauchli calling on the Post to fully divulge the involvement of its employees [...]

Is Your Detergent Stalking You? GPS Inserted Into Packaging

NEW YORK (AdAge.com) — Unilever’s Omo detergent is adding an unusual ingredient to its two-pound detergent box in Brazil: a GPS device that allows its promotions agency Bullet to track shoppers and follow them to their front doors.

Oracle Sued by U.S. in Case Claiming Overcharges

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By Justin Blum and David Voreacos

July 29 (Bloomberg) — Oracle Corp., the world’s second- biggest software maker, was sued today by the U.S. Justice Department, which claimed the company overcharged the government on a contract worth hundreds of millions of dollars.
Oracle defrauded the government on a [...]

Volvo CEO Says China Plant Key to Success With Geely

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By Ola Kinnander

July 30 (Bloomberg) — Volvo Cars’ success after its sale to Zhejiang Geely Holding Co. will hinge on building a manufacturing plant in China, the Swedish carmaker’s chief executive officer Stephen Odell said.

“When you look at the car industry in China, if you want [...]

RIM Said to Plan Tablet for November to Take on IPad

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By Hugo Miller

July 30 (Bloomberg) — Research In Motion Ltd., maker of the BlackBerry smartphone, plans to introduce a tablet computer in November to compete with Apple Inc’s iPad, according to two people familiar with the company’s plans.
The device will have roughly the same dimensions as [...]

Americans Cut Back on Visits to Doctor

By Avery Johnson, Jonathan D. Rockoff and Anna Wilde Matthews | The Wall St. Journal
Insured Americans are using fewer medical services, raising questions about whether patients are consuming less health care as they pick up a greater share of the costs. 
The drop in usage is showing up as health-care companies report financial results. Insurers, lab-testing [...]

SEC Says New Financial Regulation Law Exempts it From Public Disclosure

By Dunstan Prial | FOXBusiness
So much for transparency.
Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act.