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Apr 7, 2010

Forbes Asia: Sucked into China's Internet, April 7th, 2010

Latest Stories

Sucked Into China's Internet

Sucked Into China's Internet
Cybersecurity's ''worst nightmare'' became a reality in March.
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America Blinks Again

America Blinks Again
The United States should call out China for its currency manipulation. No more pulling punches.
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Gunning for the Japanese Stronghold

Gunning for the Japanese Stronghold
Ford and Hyundai are challenging the Camry and Accord in the hugely important midsize car market.
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Friending The Elderly In Japan

Friending The Elderly In Japan
Shinji Yamasaki's social networking site aims for Japan's geriatric set.
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Racing for India

Racing for India
The Formula1 season kicks off, and there's an Indian driver out there on the starting grid. A former race driver tells us what it took to get him there.
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Click for updates: forbes.com/asia

NYT :News Alert: US Airways Said to Be in Talks to Buy United, April 7th, 2010

Breaking News Alert
The New York Times
Wed, April 07, 2010 -- 5:08 PM ET
-----
US Airways Said to Be in Talks to Buy United
The UAL Corporation, the parent of United Airlines, and US
Airways are in talks to merge, in a potential deal that would
create one of the world's largest airlines, people briefed on
the matter said on Wednesday.
The negotiations mark the latest efforts to consolidate the
struggling airline industry. Both companies have been vocal
in calling for greater consolidation within the industry to
help prop up falling revenues, with United's chief executive,
Glenn F. Tilton, among the leading proponents for more
mergers.
United and US Airways are deep in their merger discussions,
though a transaction is not expected to be announced for at
least several weeks, these people said, cautioning that talks
may still collapse. One potential hurdle could be union
opposition.
Read More:
http://dealbook.blogs.nytimes.com/2010/04/07/united-and-us-airways-hold-merger-talks/?emc=na
-----

REUTERS: DAI: Wall St tumbles as rate angst spurs profit-taking, April 7th,2010




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Good evening Fernando, WED 07 Apr 2010 
Wall St tumbles as rate angst spurs profit-taking
Economy not "out of woods": Bernanke
GM posts $4.3 billion loss, says 2010 profit possible
Older workers keeping young adults out of jobs
Consumer credit unexpectedly falls in Feb
Panel sifts subprime wreckage, blames Alan Greenspan
China hints at readiness to let yuan rise
UK union, BA resume strike talks
Greek banks seek more aid as spreads widen again
Monsanto warns on 2010 earnings target; shares slip


Wall St tumbles as rate angst spurs profit-taking
April 07, 2010 04:35 PM ET
NEW YORK (Reuters) - U.S. stocks fell in a broad late-day drop on Wednesday after a top Federal Reserve official said interest rates should not stay low for much longer, giving investors an excuse to take profits.

Full Article
Economy not "out of woods": Bernanke
April 07, 2010 04:35 PM ET
DALLAS (Reuters) - The U.S. economy still faces significant headwinds, including a housing sector that has yet to recover convincingly and an ailing employment market, Federal Reserve Chairman Ben Bernanke said on Wednesday.

Full Article
GM posts $4.3 billion loss, says 2010 profit possible
April 07, 2010 12:32 PM ET
DETROIT (Reuters) - General Motors Co posted a net loss for 2009, but said it was possible to make a profit this year and that it was laying the foundation to return to public ownership.

Full Article
Older workers keeping young adults out of jobs
April 07, 2010 01:36 PM ET
WASHINGTON (Reuters) - Young adults in the United States are being squeezed out of the labor force as older workers either delay retirement or seek jobs to rebuild nest eggs destroyed by the recession, a study showed on Wednesday.

Full Article
Consumer credit unexpectedly falls in Feb
April 07, 2010 04:16 PM ET
WASHINGTON (Reuters) - U.S. consumer credit unexpectedly tumbled in February, reversing the prior month's surprise increase, as households refrained from taking on new debt in favor of deleveraging.

Full Article
Panel sifts subprime wreckage, blames Alan Greenspan
April 07, 2010 03:46 PM ET
WASHINGTON (Reuters) - The wreckage of Wall Street's subprime mortgage machine was laid bare on Wednesday by a U.S. congressional panel that pointed the finger at Alan Greenspan for not stopping it from running out of control.

Full Article
China hints at readiness to let yuan rise
April 07, 2010 03:40 PM ET
BEIJING (Reuters) - U.S. Treasury Secretary Timothy Geithner will hold talks in Beijing on Thursday against a background of fresh signals from Chinese policymakers that they might be paving the way to let the yuan resume its rise.

Full Article
UK union, BA resume strike talks
April 07, 2010 03:20 PM ET
LONDON (Reuters) - British Airways and union officials have resumed talks aimed at averting further strikes in a long-running dispute over pay and jobs, the Unite union said on Wednesday.

Full Article
Greek banks seek more aid as spreads widen again
April 07, 2010 02:09 PM ET
ATHENS (Reuters) - Greece's borrowing costs hit a new high on Wednesday after the government said the country's banks had asked for billions of euros in support and euro zone states argued over the conditions of potential bailout loans.

Full Article
Monsanto warns on 2010 earnings target; shares slip
April 07, 2010 04:15 PM ET
KANSAS CITY/NEW YORK (Reuters) - Agricultural seed giant Monsanto Co posted a lower-than-expected quarterly profit and warned that potent competition, primarily in its struggling Roundup herbicide business, would make it hard to meet its 2010 financial targets.

Full Article
REUTERSwww.reuters.com