Mid-Day Minute - August 21.
U.S. Federal Reserve chief Ben Bernanke on Friday offered his clearest signal yet that he thinks a global recovery is at hand, but warned growth would be sluggish and unemployment stubbornly high. <a href="http://www.ibtimes.com/articles/20090821/bernanke-says-prospects-for-return-to-global-growth-good.htm">Read Full Article here</a>.
<h1>Pace of U.S. existing home sales fastest in 2 years</h1>
Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest pace in nearly two years, a survey showed on Friday, in a strong sign that housing is pulling out of a three-year slump. <a href="http://www.ibtimes.com/articles/20090821/pace-ofs-existing-home-sales-fastest-inyears.htm">Read Full Article here</a>.
<h1>Ex-UBS banker turned informant jailed over tax case</h1>
Bradley Birkenfeld, a key informant in the U.S. tax evasion case against Swiss bank UBS , was sentenced to three years and four months in prison on Friday by a federal court judge in Florida. <a href="http://www.ibtimes.com/articles/20090821/ex-ubs-banker-turned-informant-jailed-over-tax-case.htm">Read Full Article here</a>.
<h1>GM leans toward Magna for Opel deal: sources</h1>
General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday. <a href="http://www.ibtimes.com/articles/20090821/gm-leans-toward-magna-for-opel-deal-sources.htm">Read Full Article here</a>.
<h1>Chrysler deputy CEO Press to leave post: report</h1>
Chrysler Group LLC Deputy Chief Executive Jim Press will leave the automaker by the end of the year, the Wall Street Journal reported on Friday. <a href="http://www.ibtimes.com/articles/20090821/chrysler-deputy-ceo-press-to-leave-post-report.htm">Read Full Article here</a>.
<h1>Yahoo wins court ruling over webcasting fees</h1>
A federal appeals court in New York ruled that a Yahoo Inc Internet radio service is not required to pay fees to copyright holders of songs it plays, a defeat for Sony Corp's BMG Music. Read Full Article here. <a href="http://www.ibtimes.com/articles/20090821/yahoo-wins-court-ruling-over-webcasting-fees.htm">Read Full Article here</a>.
<h2>Oil hits 2009 high above $74 on economic optimism</h2>
Oil rose more than $1 to trade above $74 a barrel on Friday as data in the United States promised economic recovery and a potential revival in energy demand. <a href="http://www.ibtimes.com/articles/20090821/oil-hits-2009-high-above-74-on-economic-optimism.htm">Read Full Article here</a>.
<h1>JM Smucker profit tops market, shares up</h1>
J.M. Smucker Co , known for its peanut-butter and jelly, posted a quarterly profit that easily topped market expectations, helped by strong results at its Folgers business, and expected its full-year profit at the higher end of its outlook, sending its shares up 3 percent. <a href="http://www.ibtimes.com/articles/20090821/jm-smucker-profit-tops-market-shares-up.htm">Read Full Article here</a>.
<h1>AnnTaylor profit tops views, but outlook tempered</h1>
Women's clothing retailer AnnTaylor Stores Corp reported a higher-than-expected quarterly profit on Friday, helped by improved merchandise at its LOFT stores and cost cuts. <a href="http://www.ibtimes.com/articles/20090821/anntaylor-profit-tops-views-but-outlook-tempered.htm">Read Full Article here</a>.
<h1>China Mobile keen on deals with Taiwan firms</h1>
China Mobile, the world's largest mobile carrier, aims to sign a series of deals with key Taiwanese firms this week, helping them gain access into China's rapidly growing telecoms market. <a href="http://www.ibtimes.com/articles/20090821/china-mobile-keen-on-deals-with-taiwan-firms.htm">Read Full Article here</a>.
|Printer friendly Cite/link Email Feedback|
|Publication:||International Business Times - US ed.|
|Date:||Aug 21, 2009|
|Previous Article:||Flags and Pennants.|