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Source Match International News

Foster's knocks back $2.5 billion offer for wine unit (Reuters)

Reuters - Foster's Group Ltd , Australia's largest brewer, said it rejected a private equity offer worth up to $2.5 billion for its wine unit as too cheap and would continue with the split of its beer and wine businesses.

Dozens trapped on China oil rig (AFP)

Two workers were missing and more than 30 others were trapped on a Sinopec oil rig off China's northeast coast after the platform leaned dramatically, state media reported Wednesday.(AFP/File)AFP - Two workers were missing and more than 30 others were trapped on an oil rig off China's northeast coast after the platform leaned dramatically, state media reported Wednesday.


Congress Republicans wary of Obama economy plan (Reuters)

President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010. REUTERS/Larry DowningReuters - Republicans in Congress showed little willingness to help President Barack Obama approve billions of dollars in measures to boost the economy with midterm elections less than two months away.


Philippine massacre trial begins (AFP)

Maguindanao massacre suspect Andal Ampatuan Jnr., enters a courtroom at a maximum security prison in Taguig, in July 2010. The trial of the main suspect in the Philippines' worst political massacre opened on Wednesday, amid allegations of witness intimidation and fears the case could drag on for years.(AFP/File/Noel Celis)AFP - A powerful Muslim politician went on trial Wednesday, accused of murdering 57 people in the worst political massacre in the Philippines, AFP reporters in the courtroom said.


Most Asian stocks down on European debt worries (AP)

Traders work on the floor of the New York Stock Exchange, September 7, 2010.REUTERS/Brendan McDermidAP - Most Asian stock markets slumped in early trading Wednesday, pressured by renewed concerns over the health of European banks following a report that the region's banks may have more risky government debt.


Gunmen burst into factory in Honduras, kill 15 (AP)

Relatives of people killed in a shoe factory embrace near the factory in San Pedro Sula, Honduras, Tuesday Sept. 7, 2010. Men armed with assault rifles opened fire in a shoe factory, killing at least 15 workers and wounding eight, according to Honduran authorities.  (AP Photo)AP - Men armed with assault rifles burst into a shoe factory and opened fire Tuesday, killing at least 15 workers and wounding eight, Honduran authorities said.


Australian gov't plans to continue with mining tax (AP)

Australian independent lawmakers Tony Windsor and Rob Oakeshott, left, speak during a press conference in Canberra, Australia, Tuesday, Sept. 7, 2010. Prime Minister Julia Gillard's Labor Party gained the ability to form a government for a second term after the two independent lawmakers joined her coalition more than two weeks after elections failed to deliver a clear winner for the first time since 1940. (AP Photo/Mark Graham)AP - Tensions emerged on the first full day of Australia's new minority government's rule Wednesday between the deputy prime minister and a kingmaker independent legislator over plans to make mining companies pay more tax.


Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)

Time.com - A trio of financial sheriffs will oversee finance in the entire European market

Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)

Time.com - A trio of financial sheriffs will oversee finance in the entire European market

Uganda: Democratic Reform and Security Top U.S. Agenda (Time.com)

Time.com - Pushing for electoral reform is tricky when the strongman in power is also a key ally against extremist violence

UN reports over 500 rapes in eastern Congo (AP)

AP - The United Nations reported Tuesday that more than 500 systematic rapes were committed by armed combatants in eastern Congo since late July — more than double the number previously reported — and accepted partial responsibility for not protecting citizens.

Angelina Jolie meets flood victims in Pakistan (AP)

Hollywood actress and the goodwill ambassador of UNHCR, Angelina Jolie visits a camp setup for people displaced by heavy floods, in Mohib Banda near Peshawar, Pakistan on Tuesday, Sept. 7, 2010. (AP Photo/Mohammad Sajjad)AP - American movie star Angelina Jolie met flood victims in northwestern Pakistan and appealed to the international community to provide aid needed to help the country recover from its worst natural disaster.


Top US commander: Burning Quran endangers troops (AP)

Afghan protesters step on a U.S. flag during a demonstration against the United States, in Kabul, Afghanistan, Monday, Sept. 6, 2010. Hundreds of Afghans railed against the U.S. and called for President Barack Obama's death at a rally in the capital Monday to denounce an American church's plans to burn the Islamic holy book on 9/11. (AP Photo/Musadeq Sadeq)AP - The top U.S. and NATO commander in Afghanistan warned an American church's threat to burn copies of the Muslim holy book could endanger U.S. troops in the country and Americans worldwide.


Gates, Buffett to sell giving to China's richest (AP)

In this file photo taken March 15, 2010, Wang Chuanfu, Chairman and President of BYD Company Limited attends a news conference of the company annual results announcement 2009 in Hong Kong. State media reported that Wang who is one of the richest person in China has been invited to a dinner hosted by Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett who plan to sell the art of giving to China's super rich in a visit later this month that's already sparked some soul searching among the world's second-largest number of billionaires. (AP Photo/Kin Cheung, File)AP - Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett plan to sell the art of giving to China's super rich in a visit later this month that's already sparked some soul searching among the world's second-largest number of billionaires.


Women, kids among 17 dead in NW Pakistani bombing (AP)

A boy  injured by an explosion in Kohat is treated at a local hospital in Peshawar, Pakistan on Tuesday, Sept. 7, 2010. A car bomb ripped through a police compound in a northwestern Pakistani city killing many people  and leaving scores  injured, the latest in a string of attacks proving that Islamist militants remain a potent force in the country.  (AP Photo/Mohammad Iqbal)AP - A car bomb ripped through a police compound in a northwestern Pakistani city, killing 14 women and children and three officers, the latest in a string of attacks proving that Islamist militants remain a potent force in the country.


Big aftershock again rocks New Zealand city (AP)

Pedestrians watch as a house damaged from Saturday's earthquake is demolished in Christchurch September 6, 2010. Aftershocks rocked New Zealand's second-biggest city on Monday causing further damage and forcing authorities to extend a state of emergency after the country's most damaging earthquake in 80 years. REUTERS/Carys Monteath/The PressAP - A magnitude-5.1 aftershock that hammered New Zealand's earthquake-hit city of Christchurch on Wednesday morning sparked evacuations and fresh damage to buildings, causing authorities to extend a state of emergency for another week.


HP sues to stop ex-CEO Hurd joining Oracle (Reuters)

US computer titan Hewlett-Packard filed a complaint against former chief executive Mark Hurd, pictured in 2007, on Tuesday, a day after he was named a co-president at US business software giant Oracle.(AFP/Getty Images/File/Justin Sullivan)Reuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."


Obama's Proposals More About Politics Than The Economy (Investor's Business Daily)

Investor's Business Daily - If there was any chance President Obama would move to extend the upper-income Bush tax cuts before the midterm elections, it likely died over the weekend.

Flow International posts small 1Q loss (AP)

AP - Flow International Corp., a maker of industrial waterjet machines for cutting and cleaning, nearly washed away a first-quarter loss.

Banging a Drum for the MDG Summit (OneWorld.net)

OneWorld.net - NEW YORK, Sep 7 (IRIN) - Activists are pulling out all the stops ahead of a development summit at UN headquarters on 20-22 September. Pro-aid and anti-poverty lobbyists are trying everything from giant letters to banging pans to raise awareness of the high-level event.

Iraqi soldier fires on US troops, kills 2 (AP)

Iraq's Prime Minister Nuri al-Maliki (L) meets with Iraq's former Prime Minister and head of the Iraqiya coalition Iyad Allawi (R) in Baghdad June 29, 2010. REUTERS/Mohammed AmeenAP - An Iraqi soldier fired a barrage of bullets at American troops protecting one of their commanders during a visit to an Iraqi army base Tuesday and killed two of them, the first U.S. servicemen to die since President Barack Obama declared an end to combat operations in the country last week.


U.S. offensive expected in home district of Afghan Taliban leader (McClatchy Newspapers)

McClatchy Newspapers - ASHEQUE, Afghanistan — Zhari, the birthplace of the Taliban movement and once again a major stronghold of the Taliban insurgency, looks set to become a battle zone where some 2,400 U.S. troops will lead an attempt to reclaim the region for the Afghan government.

Market falls amid European bank worries (Reuters)

Traders work on the floor of the New York Stock Exchange, August 30, 2010. REUTERS/Brendan McDermidReuters - U.S. stocks fell in very light volume on Tuesday as investors seized on renewed concerns about European banks as a reason to sell shares after strong gains last week.


Gov't launches plan to help "underwater" borrowers (AP)

In this Aug. 8, 2010 photo shows a foreclosure sign in front of a home in Los Angeles, Calif. The Obama administration is trying to jump-start its sputtering plan to tackle the foreclosure crisis with an effort to assist up to 1.5 million homeowners who owe more on their properties than their homes are worth. (AP Photo/Paul Sakuma)AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.


Post-holiday pump prices should slide (AP)

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Motorists should see pump prices slide again after spending a little more to fill their tanks over the Labor Day weekend.


Suddenly, a raft of tax-break proposals from Obama (AP)

U.S. President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010.  REUTERS/Larry DowningAP - President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much — if any — GOP help.


Bullish or Bearish? The World's Greatest Investors Debate. (The Motley Fool)

The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.

Sinochem approaches Temasek on Potash bid (Reuters)

Reuters - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

Digital River buys Journey Education Marketing (AP)

AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.

EU OKs new financial supervision deal (AP)

From left, European Central Bank President Jean Claude Trichet, Belgian Finance Minister Didier Reynders, and Spanish Finance Minister Elena Salgado speak during a meeting of EU finance ministers at the EU Council building in Brussels on Tuesday, Sept. 7, 2010. European finance ministers meet Tuesday to discuss taxes on banks. (AP Photo/Virginia Mayo)AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.


North Korea releases prisoners in exchange for humanitarian aid (The Christian Science Monitor)

The Christian Science Monitor - South Korea on Tuesday recovered a fishing boat and its seven-man crew from North Korea after agreeing to an exchange that analysts see as auguring well for inter-Korean reconciliation – though not for an end to the North’s nuclear program.

NYSE August US equity trading volume up 30 percent (AP)

AP - NYSE Euronext said Tuesday the trading volume for equity and derivative produces rose significantly in August, pushed up by a spike in U.S. equity trading.

The Treasury's New Research Office (BusinessWeek)

BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...

China tells state companies to explore Potash bid (Reuters)

Reuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
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