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{ Tag Archives } business

Spain to vote on labor market reforms (AP)

AP – Spain’s Parliament is putting the finishing touches to reforms aimed at boosting a listless economy by shaking up a rigid job market and encouraging companies to hire.

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Stock index futures up (Reuters)

Reuters – Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.25 percent, Dow Jones futures up 0.45 percent and Nasdaq 100 futures up 0.2 percent at 5.16 EDT.

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UK agency fines Goldman Sachs $27 million (AP)

AP – Britain’s financial regulator has hit Goldman Sachs & Co. with a 17.5 million pounds ($27 million) fine for failing to notify U.K. authorities about an investigation in the United States.

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India car sales hit all-time high in August (AP)

AP – Car sales in India surged to a record for a second straight month in August on strong demand before the holiday season, despite rising prices and supply constraints.

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Asia stocks rise, yen steady but outlook unclear (Reuters)

Reuters – Asian stocks edged up and the yen held below a 15-year high on Thursday, after a small rally on Wall Street driven by successful European bond auctions gave investors an excuse to lighten up on their bets.

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Goldman Sachs fined $30.9 million in UK: report (Reuters)

Reuters – Goldman Sachs has been fined 20 million pounds ($30.9 million) by the UK’s financial regulator for failing to disclose it was under fraud investigation by its U.S. counterpart, the BBC reported on Wednesday.

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Australia regulator blocks NAB’s $12 billion AXA unit bid (Reuters)

Reuters – Australia’s competition regulator blocked National Australia Bank’s $12 billion bid for AXA Asia Pacific for a second time, dashing NAB’s efforts to cement its dominance in the world’s fourth-largest wealth management market.

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Economists cut U.S. growth forecast again (Reuters)

Reuters – Projected U.S. economic growth for the rest of this year and next was revised down for a third month in a row by a panel of about 50 economists.

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FDIC’s Bair warns of government "exposure" in mortgages (Reuters)

Reuters – A key U.S.

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U.S. slips in WEF’s competitiveness rankings (Reuters)

Reuters – Switzerland remains the world’s most competitive economy, while the United States has fallen from second to fourth, according to the World Economic Forum.

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