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U.S. Probes Fire in Gulf of Mexico That Sparked BP Déjà Vu

U.S. officials are investigating the cause of a fire yesterday on a Mariner Energy Inc. oil and natural-gas platform in the Gulf of Mexico that initially Read More...

Posted Thursday, September 02, 2010 10:04 PM from BusinessWeek.com -- Top News | (Comments Off)

Bond-Market Bubble to Burst, Boost Stocks, Axa Framlington Says

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 Read More...

Posted Thursday, September 02, 2010 9:59 PM from BusinessWeek.com -- Top News | (Comments Off)

Goldcorp Says Will Buy Andean Resources For About C$3.6 Billion

Goldcorp Inc. said it will buy all outstanding shares in Andean Resources Ltd. for approximately C$3.6 billion. Read More...

Posted Thursday, September 02, 2010 9:50 PM from BusinessWeek.com -- Top News | (Comments Off)

Peso GDP Warrants Reach Cheapest in 5 Months: Argentina Credit

The Argentine currency’s record losing streak is dragging peso-denominated warrants tracking economic growth to the lowest in five months relative to those Read More...

Posted Thursday, September 02, 2010 9:43 PM from BusinessWeek.com -- Top News | (Comments Off)

Japan Pension Boosting Asset Sales to $48 Billion

Japan’s public pension fund, the world’s largest, will increase asset sales by more than five times to about 4 trillion yen ($48 billion) this fiscal year Read More...

Posted Thursday, September 02, 2010 9:08 PM from BusinessWeek.com -- Top News | (Comments Off)

Alberta Fund Got Chinese Approach on Potash Corp. Bid

Chinese investors approached Alberta Investment Management Corp. to consider a joint counterbid for Potash Corp. of Saskatchewan Inc., the Canadian pension Read More...

Posted Thursday, September 02, 2010 9:04 PM from BusinessWeek.com -- Top News | (Comments Off)

AIG Unit Said to Submit Preliminary Hong Kong IPO Application

AIA Group Ltd., the main Asia unit of American International Group Inc., submitted preliminary documents to the Hong Kong Stock Exchange for an initial Read More...

Posted Thursday, September 02, 2010 9:02 PM from BusinessWeek.com -- Top News | (Comments Off)

Asia Stocks Advance for a Third Day on U.S. Home, Retail Sales

Most Asian stocks rose, led by technology companies, after U.S. reports showed an unexpected increase in pending home sales and improved retail sales. Read More...

Posted Thursday, September 02, 2010 8:45 PM from BusinessWeek.com -- Top News | (Comments Off)

Japan Said to View U.S. as Yen Intervention Obstacle

Japan views probable U.S. opposition to intervention in the foreign-exchange market to address the appreciating yen as an obstacle to taking unilateral Read More...

Posted Thursday, September 02, 2010 8:39 PM from BusinessWeek.com -- Top News | (Comments Off)

Ex-Googler Lee Backs China Companies to Foster Startup Culture

Founded by Kai-Fu Lee, former head of Google's China division, business incubator Innovation Works is funding 12 startups amid strong demand for Web technolog Read More...

Posted Thursday, September 02, 2010 8:31 PM from BusinessWeek.com -- Top News | (Comments Off)

TPG’s Newbridge Makes $1.2 Billion on Ping An Sale

TPG Capital’s Asian unit raised about HK$9.1 billion ($1.2 billion) selling the remainder of its stake in Ping An Insurance (Group) Co., exiting a six-year Read More...

Posted Thursday, September 02, 2010 8:16 PM from BusinessWeek.com -- Top News | (Comments Off)

Obama May Seek Permanent Research Credit in Economic Proposals

President Barack Obama may include a permanent extension of the research and development tax credit among the tax breaks for businesses he is contemplating Read More...

Posted Thursday, September 02, 2010 8:09 PM from BusinessWeek.com -- Top News | (Comments Off)

Ford Settles With Minor Leaguer’s Family After Losing Verdict

Ford Motor Co., after being ordered to pay a baseball player’s estate $131 million, settled a lawsuit over the Explorer rollover death before punitive Read More...

Posted Thursday, September 02, 2010 8:03 PM from BusinessWeek.com -- Top News | (Comments Off)

Mariner Buys Interest in $760 Million Loan Portfolio From FDIC

Mariner Holdings LLC said it purchased part of a $760 million portfolio of property loans from the Federal Deposit Insurance Corp. as part of the agency’s Read More...

Posted Thursday, September 02, 2010 8:01 PM from BusinessWeek.com -- Top News | (Comments Off)

Wheat Advances as Russia Extends Export Ban, FAO Calls Meeting

Wheat climbed after Russia, the third-largest grower last year, extended a ban on exports into next year after a drought destroyed crops, tightening global Read More...

Posted Thursday, September 02, 2010 7:55 PM from BusinessWeek.com -- Top News | (Comments Off)