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Business News by Armand Rousso R&D Labs
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03/15/2010 10:29 AM
Oil falls below $81 amid weak US crude demand (AP)

A security officer looks through his binoculars from a rooftop of the OPEC headquarters in Vienna. OPEC is widely expected to maintain its official oil production quota when it meets this week, with the cartel satisfied with the current level of crude prices, analysts said.(AFP/File/Joe Klamar)AP - Oil prices fell below $81 a barrel Monday in Asia amid investor concerns flagging U.S. crude demand doesn't justify the recent rally.



03/15/2010 09:40 AM
Survey: Readers don't want to pay for news online (AP)

The homepage of the New York Times is displayed on a laptop. A new report highlights that few news consumers who view content through the Internet click on ads and hardly any are prepared to pay for news online.(AFP/Getty Images/File/Mario Tama)AP - Getting people to pay for news online at this point would be "like trying to force butterflies back into their cocoons," a new consumer survey suggests.



03/15/2010 12:36 PM
Vermont dairy farmer talks about immigration probe (AP)

In this photo taken March 9, 2010, Clement Gervais stands near dairy cows at the Gervais Family Farm in Bakersfield, Vt. The farm was among five dairy farm operations targeted in a federal crackdown on undocumented foreign farm workers where Clement Gervais says he believed three of his workers cited as unemployable had proper documentation.  (AP Photo/Alden Pellett)AP - A Vermont dairy farmer who was among those targeted in a federal crackdown on undocumented workers says he thought three illegal workers had proper documentation.



03/15/2010 03:57 AM
Abu Dhabi sovereign wealth fund starts to open up (AP)
AP - The Abu Dhabi Investment Authority broke with its customary privacy by issuing its first yearly statement Monday, marking one of the biggest steps yet by the world's largest sovereign wealth fund to increase transparency.
03/13/2010 05:42 AM
GOP's Ryan Dissects ObamaCare, Lays Out 'Roadmap' To Health (Investor's Business Daily)
Investor's Business Daily - Rep. Paul Ryan, R-Wis., took the national stage last month as he cut down Democratic health care plans point by point. If the GOP should win back the House In November, Ryan will become chairman of the House Budget Committee. And he has lots of ideas. He recently updated his "Roadmap for America's Future" to address many issues, including the budget deficit, entitlement programs, the tax system and health care.
03/15/2010 11:42 AM
Asian stocks fall after mixed US economic reports (AP)

An information board posts the latest prices and graphs above the floor of the New York Stock Exchange earlier this month. Doctors have found a relation between stock market fluctuations and heart attack frequency, a preliminary study by North Carolina's Duke University Medical Center said Saturday.(AFP/Stan Honda)AP - Asian stock markets sank Monday after mixed economic reports about the U.S. economy inspired caution among investors.



03/13/2010 03:03 AM
Wall Street ends flat after mixed data (Reuters)

An information board posts the latest prices and graphs above the floor of the New York Stock Exchange earlier this month. Doctors have found a relation between stock market fluctuations and heart attack frequency, a preliminary study by North Carolina's Duke University Medical Center said Saturday.(AFP/Stan Honda)Reuters - Mixed consumer and retail data kept stocks near break even on Friday, but major indexes edged higher for a second straight week.



03/13/2010 07:22 AM
Nortel sales decline as customers cut spending (Reuters)
Reuters - Bankrupt Nortel Networks Corp on Friday posted a 62 percent drop in quarterly revenue, as customers cut spending in the face of uncertainty about its bankruptcy proceedings and the shaky economy.
03/13/2010 06:38 AM
Nortel Networks posts profit in 4Q (AP)
AP - Bankrupt telecom equipment maker Nortel Networks Corp. said Friday it posted a profit in the fourth quarter, thanks to a large gain related to an asset sale.
03/15/2010 11:39 AM
Greek bailout tops EU finance ministers' agenda (Reuters)
Reuters - Finance ministers from countries using the euro hope to agree on Monday on a way of providing heavily indebted Greece with financial aid, despite French and German doubts that a deal will be reached.
03/15/2010 12:25 AM
Conn. would waive student loans in 'green' jobs (AP)
AP - Paul Goulet hopes Connecticut will help him get from under nearly $8,000 he's borrowed for college after losing his job in a paper manufacturing plant.
03/15/2010 09:15 AM
Talks start in Australia on Pacific trade deal (Reuters)

President Barack Obama addresses the Export-Import Bank's Annual Conference in Washington March 11, 2010. REUTERS/Jim YoungReuters - Officials from eight nations including the United States began talks on a transpacific trade deal on Monday in a move Australia said could add momentum to stalled World Trade Organization talks.



03/13/2010 04:24 AM
Business Highlights (AP)
AP - Retail sales show surprising gain in February
03/13/2010 04:13 PM
Runaway Prius case presents nagging questions (AP)

FILE - In this Tuesday, March 9, 2010 file photo, driver James Sikes talks about his experiences in his Toyota Prius during a news conference held at Toyota of El Cajon in El Cajon, Calif. A law firm for the driver who says his Toyota Prius sped out of control in California doesn't plan to sue the Japanese automaker. (AP Photo/Denis Poroy, File)AP - Investigators are confronted with a series of nagging questions as they try to unravel the case of a California real estate agent who said his Toyota Prius turned into a runaway death trap after the gas pedal became stuck.



03/15/2010 03:59 AM
Regulators accused of lax oversight at LA oilfield (AP)

A rig pumps oil from the Inglewood oil field, seen from the nearby Kenneth Hahn State Recreation Area, in the unincorporated Windsor Hills area of Los Angeles Friday, Feb. 12, 2010. The Inglewood field, one of the richest oil basins in the world where crude was discovered in 1924, sits adjacent to an area of homes once known as the 'black Beverly Hills.'  Rather than eventually playing out and becoming an elaborately planned urban park, a new operator in 2004 began drilling what was planned to be the first of some 600 new wells over the next 20 years, without environmental review.  (AP Photo/Reed Saxon)AP - This sprawling metropolis is built atop one of the richest oil basins in the world. Wells dot the city landscape, some hidden behind hollow building facades much like a Hollywood movie set, or, in the case of Beverly Hills High School, encased in a tower painted with flowers.



03/15/2010 01:36 PM
Chinese automaker BYD plans massive expansion (AFP)

The logo of Chinese car manufacturer BYD at an international motor show. The firm has said it had massive expansion plans this year and would consider building a plant in the United States, a day after announcing annual profits had tripled.(AFP/DDP/File/Sascha Schuermann)AFP - Chinese automaker BYD Co. said Monday it had massive expansion plans this year and would consider building a plant in the United States, a day after announcing annual profits had tripled.



03/12/2010 06:38 PM
Why MBAs are Going East (BusinessWeek)
BusinessWeek - James Tsai is the sort of MBA corporate recruiters covet. He went to a good prep school, earned a degree with honors from Middlebury College, and made vice-president in Bank of America's (bac.) international wealth management group at the age of 26. Today, Tsai is about to graduate, straight A's in hand, from Northwestern's Kellogg School of Management, a top-rated program in America. And he's hustling to land his first post-MBA job -- in China.