Business News
AP - World stock markets were little changed Wednesday even as surging Chinese exports pointed to a pickup in global trade.
AP - British Prime Minister Gordon Brown warns that the U.K. may suffer another economic downturn, including a possible dip back into recession.
AP - President Barack Obama has chosen a suburban St. Louis high school to make his closing argument for a health care overhaul, pushing a new anti-fraud plan as he cranks up the pressure on skittish Democratic lawmakers to act fast.
AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt.
AP - Highlights of Senate legislation extending unemployment insurance and expired tax breaks:
AP - China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.
AFP - The FTSE 100 stock exchange slipped fractionally on Tuesday after a bout of cautious trading due to uncertainty over Europe's economic outlook and poor earnings reports, analysts said.
AFP - Cisco Systems on Tuesday unveiled super-fast Internet hardware that promises to boost US competitiveness and bolster economic recovery by moving mountains of data at astounding speeds.
AP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.
AFP - Talk of a European version of the International Monetary Fund to rescue errant EU states is little more than a distracting sideshow, analysts and a key central banker say.
The Motley Fool - The first Friday of every month brings the all-important employment report. February's numbers were better than anticipated. The United States lost only 36,000 jobs, versus the 68,000 that experts expected. This compares with 651,000 jobs lost in February 2009. Still, the unemployment rate held steady at 9.7%, with the unofficial rate stuck around a whopping 16%.
Reuters - Infosys Technologies, India's No. 2 software services exporter, is seeing a rise in outsourcing deal flows due to a recovery in the global economy, a top official said on Wednesday.
AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.
AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.
AP - Oil prices drifted down to near $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.
AFP - GM Daewoo, the South Korean unit of struggling US auto giant General Motors, said Wednesday it intends to return to profit this year and currently needs no further financial support from creditors.
BusinessWeek - Notre Dame's Mendoza College of Business (Mendoza Undergraduate Profile) took the top spot in the Bloomberg BusinessWeek ranking of undergraduate business programs for the first time this year. Students praised the program for its values and strong alumni network. And there were many other surprises for undergraduate business programs in 2010. Bloomberg BusinessWeek editors Louis Lavelle and Geoff Gloeckler recently revealed the top 50 programs and answered questions about the ranking from reporter Francesca Di Meglio (FrancescaBW) and readers during a live chat event.