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NigeriaSun.com Friday 3rd September 2010 Issue 8/356
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Wall Street in cautious advanceWall Street in cautious advance
U.S. stocks were in the black Thursday but gains were...


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Jewish survivors say French Railway should lose US bidJewish survivors say French Railway should lose US bid
Holocaust survivors and the families in the US have objected strongly to a French Railway bid for high-Speed tracks in Florida, which will eventually connect Tampa and...
Cold winter was good for GazpromCold winter was good for Gazprom
The cold winter in the first three months of the year has boosted the profits of Russia’s...
Galaxy becomes competitor to iPadGalaxy becomes competitor to iPad
Samsung has unveiled its likely competitor to the Apple...
iPod nano has multi-touch interfaceiPod nano has multi-touch interface
Apple has come up with a new iPod nano with a multi-touch...
Burger King may be selling outBurger King may be selling out
Talks with potential buyers have reportedly been held by Burger King, the American fast food...
American and British Airways to coordinate frequent flyer American and British Airways to coordinate frequent flyer
American Airlines, British Airways and Iberia have been discussing how they will work together now that European regulators have allowed them to...
US government could have protected Lehman says old bossUS government could have protected Lehman says old boss
The former chief of Lehman Brothers, Richard S. Fuld Jr, has told a panel investigating the financial crisis that the large Wall Street firm could have been helped to stay afloat by the US...
UK utilities firms in sales probeUK utilities firms in sales probe
A sales probe is taking place in Britain with the tactics of some energy suppliers coming under...
Apple TV the coming thingApple TV the coming thing
Apple CEO Steve Jobs has introduced a revamped Apple TV...
World sees large rises in food pricesWorld sees large rises in food prices
The United Nations’ Food and Agriculture Organization has ascertained that food is now costing more than it has since September...
Henan province tells Chinese airline not to use its nameHenan province tells Chinese airline not to use its name
The central Chinese province of Henan has asked Henan Airlines to stop using its...
China orders action to cool food prices
THE ASSOCIATED PRESS BEIJING -- China has ordered local leaders to cool a surge in politically sensitive food prices by raising vegetable production amid rising tensions in poor countries over...
Critics: Ill. lottery contract cloaked in secrecy
FILE - In this Oct. 28, 2009 file photo, Illinois Gov. Pat Quinn shows off the Veteran's Cash scratch-off lottery ticket, the Stars & Stripes, in Springfield, Ill. Two weeks before Gov. Pat Quinn is...
Tractor upgrades reduce farm deaths from rollovers
Lynn Hageman sits on his tractor that has been upgraded with a steel roll bar, Tuesday, Aug. 31, 2010, on his farm near Calmar, Iowa. Hageman was driving his John Deere tractor to a cornfield last...
Asil Nadir faces Old Bailey hearing
since fleeing Britain 17 years ago , during which a provisional trial date may be fixed and his bail renewed during a brief hearing at the Old Bailey.Nadir was given bail in his absence on 30 July on...
Caroline Mason, chief operating officer Charity Bank
investing in Latin American farm co-operatives or funding vaccines in developing countries.But five years ago, she was sitting in the flashy New York office of the managing director of a global...
3D TV mania grips electronics show
James Cameron's Avatar is the biggest box office draw in history and is expected to triumph at the Oscars on Sunday. But how much of its success is due to the fact it was shot entirely in 3D?...
Taiwan share prices close up 0.68% on Wall St. rebound
TAIPEI, Taiwan -- Taiwan share prices closed up 0.68 percent yesterday as buying was triggered by a strong rebound on Wall Street overnight due to better-than-expected U.S. manufacturing activity...
Oil lingers near $75 in Asia as stock markets gain
Oil prices lingered near $75 a barrel Friday in Asia, largely holding onto a big gain the day before as investors put a positive spin on U.S. economic reports and Asian stock markets...
Hard Times for Wall Street's "Sell Night" Recruits
GS ) hosted an exclusive dinner for recent college graduates at a Ruth's Chris restaurant in midtown Manhattan. While the chain steakhouse might have seemed déclassé for veteran Wall...
Asian Stocks Rise After U.S. Home Sales; Japanese Bonds Fall
Sept. 3 (Bloomberg) -- Asian stocks rose, extending the benchmark index’s biggest weekly gain in a month, as a surprisingly positive increase in pending U.S. home sales lifted confidence in the...
Bond-Market Bubble to Burst, Boost Stocks, Axa Framlington Says
Sept. 3 (Bloomberg) -- A “bubble” in fixed-income markets is set to burst and will drive funds into stocks, according to Axa Framlington, which oversees $30 billion in global...
China Reserves 65% In Dollars, 26% In Euro: Report
LOS ANGELES -- China's $2.45 trillion foreign exchange reserves consist of approximately 65% in U.S. dollars and 26% in euros, according to a state media news report Friday. The reserves also include...
FSB's Draghi: global economic recovery to stay
SEOUL, Sept 3 (Reuters) - The world economy will likelyremain on a recovery track despite fragility in the financialmarkets and even if the recovery is not uniform, FinancialStability Board Chairman...
FOREX-Risk currencies firm, await U.S. jobs report
By Hideyuki Sano TOKYO, Sept 3 (Reuters) - The euro and high-yieldingcurrencies held firm on Friday after an improvement in U.S.housing and jobless claims data bolstered investor appetite forrisk...
Roche Launches Cost-Cutting Plan After R&D Setbacks
Dow Jones )- Roche Holding AG (ROG.VX) said Friday it has launched a cost-cutting and efficiency plan in the wake of increased price pressures in the U.S. and Europe and a series of drug development...
Samsung raises 2010 smartphone sales target-report
Samsung Electronics Co Ltd, theworld's No.2 handset maker, expects to sell up to 25 millionsmartphones this year, exceeding its earlier target, and aims todouble shipments next year, media reports...
Shanghai slips as IPOs weigh, HK up before U.S. data
* Regional markets edge up ahead of key U.S. jobs data (Updates to midday) By Vikram S Subhedar and Farah Master HONG KONG/SHANGHAI, Sept 3 (Reuters) - China's key stockindex slipped in lacklustre...
Roche Affirms Outlook, Plans '11, '12 Cost Cuts
TEL AVIV -- Roche, the Basel health-care giant, affirmed its full-year outlook and, in view of "mounting pressures to curb health-care costs -- plans cost cuts to take effect in 2011 and 2012. In a...
Roche Starts Initiative To Adapt Costs, Boost Productivity
Dow Jones )- Roche Holding AG (ROG.VX) Friday said it will start an Operational Excellence initiative to help adapt cost structures and accelerate productivity improvements in the group. MAIN FACTS:...
Oil slips ahead of U.S. jobs data, Hurricane Earl
* Tropical storm Gaston weakens to depression inmid-Atlantic * Coming Up: U.S. nonfarm payrolls for August; 1230 GMT (Updates prices) By Alejandro Barbajosa SINGAPORE, Sept 3 (Reuters) - Oil fell on...
U.S. payrolls seen falling, private hiring tepid
By Lucia Mutikani WASHINGTON (Reuters) - U.S. employment likely fellfor a third straight month in August as more temporary censusjobs ended and cautious businesses scaled back hiring, anoutcome that...
BOE Tucker: Progress Made On New Bank Capital Rules
Bank of England Deputy Governor Paul Tucker said Friday that the Financial Stability Board and the Basel Committee for Banking Supervision are making "substantive progress" on devising new capital...
TABLE-Breakdown of China's Aug non-manufacturing PMI
BEIJING, Sept 3 (Reuters) - China's purchasing managers'index for non-manufacturing sectors held steady at 60.1 inAugust, the China Federation of Logistics and Purchasing said onFriday....
Video: The troubled harvest of Tibet's caterpillar fungus
It's worth more than twice its weight in gold, but intense harvesting of caterpillar fungus is damaging the Tibetan hillside and leading to violent land...
Toshiba To Launch New Tablet As iPad Drives Market
Middle East and Africa. It has yet to decide whether to launch it in other regions such as the U.S. or Japan, a company spokeswoman said. Toshiba is among many electronics manufacturers around the...
FSB's Andresen: Mulling Requiring Big Banks Hold More Equity Capital
Dow Jones )- The Financial Stability Board is considering proposing that so-called "too-big-to-fail" financial institutions be required to have higher levels of equity capital and possibly to pay a...
Nikkei claws up 0.4 pct, caution before jobs data
By Elaine Lies TOKYO, Sept 3 (Reuters) - Japan's Nikkei average crawled up0.4 percent on Friday as more encouraging data reassuredinvestors about the state of the global economic recovery andsparked...
Payrolls seen falling, private hiring tepid
WASHINGTON (Reuters) - U.S. employment likely fell for a third straight month in August as more temporary census jobs ended and cautious businesses scaled back hiring, an outcome that could pressure...
Samsung raises 2010 smartphone sales target: report
), the world's No.2 handset maker, expects to sell up to 25 million smartphones this year, exceeding its earlier target, and aims to double shipments next year, media reports said on...
Microsoft Advertising to Sponsor Digital Category at Spikes Asia 2010
Singapore, Sept 3, 2010 - (ACN Newswire) - Microsoft Advertising has teamed up with Spikes Asia, Asia Pacific's leading creative advertising and communications awards, as a key partner of the...
NZ Tycoon Unwraps Packaging Ambitions With US Deal
In this photo taken Nov. 18, 2005, Graeme Hart smiles in Auckland, New Zealand. The reclusive New Zealand billionaire buying the U.S. maker of Hefty brand trash bags to create the world's...
3 Dead in Plane Crash off San Francisco Bay
Map locates the site of a small twin-engine plane crash in San Fransisco Bay (AP) A small plane that crashed into a shallow lagoon off San Francisco Bay on Thursday, killing three people, belonged...
Asia Stocks Rise on Slight Improvement in US Data
Most Asian stock markets climbed Friday as investors took heart from a slight improvement in U.S. economic indicators amid lingering worries over the pace of the global economic recovery. But...
Earl Weakens but Still Powerful as It Passes NC
The surf pounds the Oceana Pier as Hurricane Earl heads toward the eastern coast in Atlantic Beach, N.C., Thursday, Sept. 2, 2010. (AP Photo/Chuck Burton) (AP) The last ferry left for the mainland...
Asian stocks edge up in cautious trade
HONG KONG: Asian stocks edged higher on Friday as dealers followed a third straight rise on Wall Street, but gains were limited by unease ahead of much-anticipated US jobs data. Optimism over...
Jobs report may show rise in unemployment rate
Economists are bracing for a weak showing in the August employment report, which is scheduled to be released Friday. The private sector is forecast to add a net total of only 41,000 jobs, the fewest...