Business News http://content.bimedia.net/business RSS Feed for Business News en-us Mon, 08 Feb 2010 18:19:53 GMT S&P, Nasdaq gain on upgrades, debt woes weigh on Dow http://content.bimedia.net/business/83815442.html The S&P 500 and Nasdaq edged higher on Monday as several bellwethers rose on brokerage upgrades and positive comments about the economy, but worries about euro zone sovereign debt problems limited gains. Jobless rate at 9.7 percent, 20,000 jobs cut http://content.bimedia.net/business/83666822.html The unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs. Oil falls 5 percent in steepest drop since July http://content.bimedia.net/business/83563027.html Oil prices plunged more than 5 percent on Thursday in their steepest one-day drop since July, after a rise in U.S. jobless claims and spreading concern over Europe's economic health drove investors to sell commodities and seek less risky assets. U.S. steps up pressure on Toyota http://content.bimedia.net/business/83477042.html The Obama administration stepped up the pressure on Toyota Motor Corp on Wednesday to address a range of safety issues as investors and consumers reacted to the deepening crisis for the world's largest automaker. Obama's 2010 budget: deficit soars amid job spending http://content.bimedia.net/business/83266107.html Risking public anxiety over spending, President Barack Obama on Monday projected the budget deficit at a fresh record in 2010 as he battles double-digit unemployment before tightening finances in later years. The work for Kraft starts after winning Cadbury http://content.bimedia.net/business/83046647.html Kraft Foods Inc is expected to easily win support from Cadbury shareholders for its $18.73 billion takeover of the iconic British chocolatier. Stocks fall on tech earnings, global uncertainty http://content.bimedia.net/business/82948432.html U.S. stocks slumped on Thursday, hurt by outlooks from Motorola Inc and Qualcomm Inc and concerns about the health of the global economy and Greece's heavy debt load. Nasdaq rises 1 percent as market advances http://content.bimedia.net/business/82822732.html The Nasdaq advanced 1 percent on Wednesday as the market edged higher. Investors were relieved the Federal Reserve provided no further reason to sell stocks in its statement, while Apple boosted tech shares. GE profit tops Wall Street forecasts http://content.bimedia.net/business/82398872.html General Electric Co posted quarterly earnings that topped Wall Street expectations as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment. U.S. airlines top expectations as demand improves http://content.bimedia.net/business/82268287.html Continental Airlines and Southwest Airlines results topped Wall Street estimates as more people booked flights and ticket prices rose, but the airlines said the path to recovery would be rough.